Month: February 2024

Building Resilient Teams: Nurturing Wellness in the Workplace

Small Enterprise India

In the pursuit of business excellence, the heartbeat of any organization lies within its people. Teams are not merely components; they are the driving force that propels success. As we explore more about team building and employee well-being, let’s recognize this fundamental truth: the culture we cultivate and the wellness we prioritize are not just factors; they are the very essence of a thriving, high-functioning workforce. A team is more than individuals working together; it’s a community built on trust. As Simon Sinek wisely puts it, ‘A team is not…

Digital Micro Lending: Bridging Credit Gaps at Last-Mile

Supratik Nag

The development of India’s economy and upliftment of the bottom strata of society depends on the proper utilisation and growth of micro-enterprises. The credit gap is the key bottleneck for the development of micro-enterprises. Effective usage of digital technology is a key solution. The growth of any country or society lies with the proper upliftment of the bottom strata of the pyramid, i.e. low-income groups and MSMEs (Micro Small, and Medium enterprises). Out of India’s 63.39 million MSMEs, 99% fall under the micro category where investments in plant and machinery…

Ten Critical Factors That Impact the Business Ownership Transition Process

Dr N. Krishnan

A guide to assist business owners and their advisors to identify core issues and then structure a successful business succession strategy Embarking on the transformative journey of transitioning business ownership is a complex odyssey fraught with challenges and opportunities. In this comprehensive guide, we illuminate the intricacies of the process, focusing on the ten critical factors that wield profound influence over a successful transition. Tailored for both visionary business owners and their trusted advisors, this roadmap provides invaluable insights to navigate the intricate landscape of ownership succession. By dissecting each…

Lights, Camera, Action : Mastering DIY Video Content for Business Success

Small Enterprise India

With the surge of content marketing, where attention spans flicker like city lights amidst a sea of content, one medium emerges as the true protagonist, captivating audiences like never before – video content. In the current digital marketing scenario, a simple scroll reveals vibrant stories, behind-the-scenes glimpses, and product unveilings. This is the era where businesses wield the reins to their narrative, empowered by the powerful magic of DIY video creation. So, let’s unravel the art and science of crafting impactful videos in-house, where entrepreneurs transform into directors, skillfully scripting…

Revolutionising Financial Decision-Making, The Power of AI and Machine Learning for Small Businesses

Small Enterprise India

In the fast-paced world of finance, small businesses are increasingly turning to artificial intelligence (AI) and machine learning (ML) technologies to gain a competitive edge. These advanced technologies are reshaping traditional financial decision-making processes, offering improved accuracy, efficiency, and personalized insights. From credit scoring to risk assessment and tailored financial advice, AI and ML are revolutionizing how small businesses navigate the complex financial landscape. The Evolution of Financial Decision-Making historically for small businesses relied heavily on manual processes and human judgment, which were prone to errors and biases. However, the…

Navigating the Future: Fintech Revolutionising Small Businesses

Small Enterprise India

Access to Capital: How fintech is facilitating improved access to capital for small enterprises through innovative lending models, crowdfunding, and alternative financing options. The SME sector in India, encompassing a staggering 64 million small and medium enterprises, is not just a business category but a dynamic force driving the nation’s economy. Contributing 30% to India’s GDP and offering employment to millions, these enterprises are fundamental to the country’s economic fabric. Despite their significance, SMEs frequently grapple with financial constraints, limiting their growth and potential. One of the most significant challenges…

Unleashing the Transformative Power of Coaching in Entrepreneurship

Neetu Vijoy Bansal

Workplace coaching is slowly becoming a cornerstone in the corporate landscape, especially at leadership levels. However, founder-driven businesses, particularly SMEs, are yet to fully realize the potential benefits of fostering a coaching culture within their organizations. Ironically coaching directly multiplies entrepreneurial capabilities, leading to improvements in the organization’s productivity and ultimate success. As a seasoned business coach, I have had the privilege of witnessing firsthand the transformative power of coaching entrepreneurs and their organizations, from Small and Medium Enterprises (SMEs) to large corporations. In this article, I share insights into…

Breaking Free: Strategies for a Successful Technology Detox

Small Enterprise India

With the pulsating nature of our digital age, screens dictate our every waking moment, integrating technology into every facet of our daily lives. A crucial conversation awaits—the discourse on technology detox. Whether you’re a student, entrepreneur, or homemaker, modern digital tools, especially social media, have reshaped our attention span and how we consume content. The constant hum of notifications, the glow of screens in dimly lit rooms, and the convenience of virtual connectivity have become both companions and, perhaps, captors. Amidst this incessant chatter, a compelling need arises—a moment to…

Value Creation: The Journey from Good to Great

Small Enterprise India

After strategy, value creation is said to be the most abused and loosely used phrase in management jargon! And yet its importance can’t be underestimated as value creation has, and will remain the ultimate goal for any business. Let’s understand why. If we take the example of startups, the Toast of India Inc – 100 plus unicorns had a total valuation of $349.67 Bn in October 2023. Out of these, some like Byjus, Ola, and Swiggy saw a markdown of 49% in their valuations. Byju’s valuation of $22 bn has now…

Revitalise and Rise: The Entrepreneur’s Blueprint to Balanced Success

Small Enterprise India

In the relentless pursuit of entrepreneurial success, small business owners often find themselves caught in the ebbs and flows of challenges and opportunities. The entrepreneurial journey, marked by its thrilling highs and formidable lows, can also be physically and mentally taxing. Riding these waves of managing a business, entrepreneurs can inadvertently neglect their most valuable asset—their health. Running a business demands not only strategic acumen but a keen focus on the well-being of those steering the ship. Just as a well-oiled machine functions optimally, entrepreneurs can enhance their performance by…

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