Month: July 2024

WHY SME IPOs ARE CRUCIAL FOR THE FUTURE OF FAMILY-RUN BUSINESSES

Small Enterprise India

India stands on the brink of a golden era, poised to achieve a $10 trillion economy within the next 12-15 years. A pivotal strategy in this ambitious journey is the transformation of Small and Medium Enterprises (SMEs) into large corporates. However, five major challenges hinder SMEs from reaching their full potential: lack of professionalization, unclear succession planning, absence of high-growth strategies, reluctance towards equity participation, and poor wealth management. Among these, equity participation holds the key to unlocking solutions for the other four issues. The Journey of SME IPOs Although…

India’s Union Budget 2024: Transformative Measures for the MSME Sector

Small Enterprise India

On July 23rd, Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25, emphasizing support for Micro, Small, and Medium Enterprises (MSMEs). This year’s budget introduces innovative measures to drive growth, technological advancement, and global competitiveness within the MSME sector. Here are the key updates and their potential impact: Focus on Innovation and Technological Advancements The budget has introduced several measures aimed at fostering innovation within the MSME sector. Initiatives designed to encourage technological advancements and the development of new business models are at the forefront. MSMEs…

July Spotlight: SMEs Breaking Barriers and Going Public

Small Enterprise India

The July 2024 issue of Small Enterprise Magazine is one of our most anticipated editions. This month, we delve into the transformative journey of SMEs breaking barriers by going public, under the compelling theme, “Breaking Barriers: IPO for SMEs.” This issue is a treasure trove of success stories, shedding light on the remarkable journeys of SMEs that have achieved the ultimate business milestone—going public. Each story narrates the relentless pursuit of growth, the hardships faced, and the substantial business expansion post-IPO. These narratives are not just inspiring but also educational,…

The Growth Strategy of SME IPO Funding for Franchising Businesses

Small Enterprise India

It’s Time to Work on an SME IPO Funding Strategy for a Franchising Business! Franchising has proven to be a robust and mature business model, gaining significant traction across the globe. From the United States and the United Kingdom to New Zealand, Australia, and various European countries, franchising is becoming increasingly popular. This trend is now evident in Asian countries as well, with South Asia, particularly India, leading the charge. India, with its vast population and growing middle class, is a fertile ground for franchising opportunities. The rise of the…

How to Build a Product that People Want

Small Enterprise India

Are you a budding entrepreneur with several innovative ideas, but not sure if they would be successful? Are you brainstorming on developing a product but don’t know how to execute your ideas? Are you confused about where to begin? These are some of the most common questions that bother every entrepreneur. The process of developing a new product from concept to reality is one of the most crucial and challenging phases of every entrepreneurial journey. It is challenging because in this age of cut-throat competition and millions of options to…