What an amazing night it was! The business doyens of Kerala and India came together at the 16th annual Dhanam Business Awards 2024, creating an atmosphere filled with inspiration and achievement. I was privileged to be invited by Kurian Abraham Dhanam, MD and Publisher of Dhanam Business Media , to attend this remarkable gathering, marking one of Kerala’s most significant business summits. My heartfelt thanks to Kurian for this incredible opportunity to engage with the top business leaders of the region. The evening was enriched by fruitful discussions with notable figures…
Month: June 2024
Call for IPO Success Stories: Share Your Journey in Small Enterprise Magazine’s July 2024 Issue
We are thrilled to announce an exciting opportunity for SMEs that have successfully gone public in the last five years. The upcoming July 2024 issue of Small Enterprise Magazine will feature a special cover story, “Breaking Barriers: IPO for SMEs,” celebrating the pinnacle of business achievement. This issue will showcase the inspiring journeys of over 25 successful SMEs that have recently gone public. Why This Special Issue Matters The decision to go public is a significant milestone for any business, marking the transition from a privately held entity to a…
Join Us Today: International MSME Day Webinar on “Transforming MSMEs for a Sustainable Future – Embracing the Circular Economy with a Human-Centered
Join us today, June 27, 2024, at 3:45 PM for a pivotal webinar celebrating International MSME Day. This year’s theme, “Embracing the Circular Economy with a Human-Centered Approach,” underscores the transformative role of Micro, Small, and Medium Enterprises (MSMEs) in advancing sustainable development. The circular economy, a model replacing the traditional linear “take-make-waste” paradigm, emphasises continuous resource utilisation, waste elimination, and socio-economic development. Central to this model is a human-centered approach that places individuals and communities at the forefront of sustainable transformation. By considering people’s well-being and fostering inclusive participation,…
Small Enterprise Magazine – June’24 Issue
As we pass the halfway mark of the year, the next six months and beyond are crucial for your business growth. Access to finance has become the most critical aspect of any enterprise. The days of relying solely on traditional banking are behind us, with Fintech revolutionising the financial landscape. From the innovative launch of UPI in India to the rapid expansion of Fintech platforms, conducting transactions and fundraising has never been easier—it’s all just a click away. In this issue, our cover story delves into the major aspects of…
International MSME Day 2024: Embracing the Circular Economy with a Human-Centered Approach
The International Micro, Small, and Medium Enterprises (MSME) Day 2024, on 27 June 2024, offers a profound opportunity to reflect on the pivotal role these enterprises play in fostering sustainable development, especially through the lens of the circular economy. The theme, “The Circular Economy – A Paradigm Shift with a Human-Centered Approach and MSMEs’ Role,” underscores the essential integration of human-centered design in driving this transformative economic model. The Human-Centered Circular Economy At the heart of the evolving circular economy is a commitment to human-centered principles. This approach places individuals…
How Big Data Can Transform Indian SMEs into Powerhouses of Innovation
In the digital age, data has emerged as a crucial asset for businesses of all sizes and sectors. For Small and Medium Enterprises (SMEs) in India, big data presents a transformative opportunity to unlock their potential, improve productivity, and accelerate growth. This potential, however, comes with significant challenges that require strategic foresight and robust implementation. This article explores the opportunities and challenges associated with leveraging big data for Indian SMEs to drive exponential growth. Opportunities Innovation Intermediaries: Indian SMEs are uniquely positioned to become valuable innovation intermediaries within the supply…
Mastering Marketing and Sales: Strategies for MSME Success
In today’s highly competitive business environment, small businesses need robust marketing and sales strategies to thrive. Effective marketing and sales are crucial for reaching target audiences, building a strong brand, and driving revenue growth. This comprehensive guide explores key strategies and techniques small businesses can leverage to excel in marketing and sales. Understanding Your Target Audience 1. Market Research: The foundation of any successful marketing strategy is a deep understanding of your target audience. Market research involves gathering information about your potential customers, including demographics, preferences, behaviors, and pain points.…
Empowering Indian Startups: A Look at Government Schemes and Support (Navigating the Funding Landscape – Part 9 of 9)
The Indian government has been actively fostering the growth and development of the country’s startup ecosystem through various schemes and initiatives. These initiatives aim to provide financial support, facilitate investor connections, and promote entrepreneurship across diverse sectors and regions. Let’s take a closer look at some of the key government schemes and support programs: SIDBI Fund of Funds Scheme: Managed by the Small Industries Development Bank of India (SIDBI), the SIDBI Fund of Funds Scheme is a significant initiative aimed at accelerating the growth of the Indian startup ecosystem. With…
Crafting a Comprehensive Business Plan: From Executive Summary to Implementation (Navigating the Funding Landscape – Part 8 of 9)
A well-crafted business plan serves as a roadmap for entrepreneurs, guiding them through the intricacies of launching and growing a successful venture. From the initial executive summary to the detailed implementation plan, each section plays a crucial role in articulating the business opportunity and demonstrating its viability. Let’s explore the key components of a comprehensive business plan: A) Executive Summary: The executive summary provides a snapshot description of the business opportunity, outlining what the business is and why it will be successful. It serves as a concise overview of the…