Day: 5 May 2023

THE MULTI-FACETED WORLD OF MODERN FAMILY BUSINESSES IN INDIA

Neetu Vijoy Bansal

India has a rich and diverse culture, and this is reflected in the way we do business. From multi-generational family businesses to Silicon Valley startups, Indian businesses have made their mark globally. In this article, we will delve into the fascinating world of family-owned businesses in India, exploring the trust, value, family, revenue, modernization, employee, technology, and new generation factors that contribute to their success or challenges. The Trust Factor In a job market marked by massive layoffs globally, family businesses continue to hire, retain, and train their employees. An…

HOW CAN YOU USE CHATGPT FOR YOUR SMALL BUSINESS

Small Enterprise India

In today’s digital age, businesses constantly look for ways to improve customer support and streamline operations. Chatbots have emerged as a popular solution for businesses of all sizes, offering 24/7 availability, personalized assistance, and a cost-effective alternative to hiring additional staff. An example of such a chatbot platform is ChatGPT, which employs state-of-the-art natural language processing (NLP) and machine learning technologies to deliver an adaptable and interactive user interface. This article will explore how small businesses can use ChatGPT to enhance customer support, sales and marketing efforts, and overall business…

HOW INDIA PLANS TO GET INTO THE TOP 50 GLOBAL RANKS

Small Enterprise India

India is a country that is still in its youth and possesses a vast amount of potential that has not yet been realized. This potential can be seen in the country’s rapid population growth. It is the most populous democratic nation, and its economy is expanding lightning fast.  However, despite its quick expansion, it still has a long way to go before it can reach the top of the worldwide list as one of the world’s most successful nations. Even though it is one of the economies expanding at the…

COLLATERAL-FREE SME LOANS

Small Enterprise India

No-collateral SME loans are a form of financing that does not require borrowers to provide collateral, such as property or assets. This type of loan is typically extended to small and medium-sized enterprises (SMEs) that may need more collateral to secure traditional bank loans.  No-collateral SME loans can be used for various purposes, including working capital, inventory purchases, expansion projects, and equipment upgrades. When compared to loans offered by traditional banks, these loans frequently have more adaptable payment periods and lower interest rates. In addition, the application process for no-collateral…