Author: Small Enterprise India

SmallEnterpriseIndia, the one-point MSME educational and reference repository, provides a platform that enhances the visibility of integral players in India’s economic growth story

5 Reasons for Increase in On-demand Apps Post Pandemic

Small Enterprise India

With the pandemic, many of us are stuck indoors and this has impacted the mobile usage trends as well. This has resulted in a surge in the usage of on-demand mobile apps. Many of these on-demand apps are becoming a favorite of users. These apps have great functionalities in modern times. Many on-demand app development companies are thus thriving in this economy. Many tech-savvy people use on-demand apps. This also helps to increase internet surfer’s volume with the use of mobile devices. Mobile App Demand has grown over time Many…

Amidst a Raging Second Wave, SMBs Witnessed a 7% Increase in Customers: OkCredit Data

Small Enterprise India

OkCredit registered an overall 15% increase in transacting customers since March 2020 Maharashtra, despite being severely hit by the pandemic, witnessed a 35% decline in transactions this year in comparison to a 65% drop last year. Tier-1 cities have been most affected as witnessed by the drop in transaction levels. For Delhi, Karnataka and Kerala the drop in transactions was 73%, 60%, 53% respectively in 2020 while this year it was much less- 44%, 27% and 20%  In a new report that shows the pulse of small and micro business…

Future of Automation in the Banking Sector

Small Enterprise India

As the automation wave has increased in the banking sector, its capacity has increased and now the employees have more time to focus on bigger value projects. This opportunity should be captured by the banks to take a strategic approach rather than a tactical approach. Automation in the banking industry has been a big focus and an area of huge interest globally in the banking industry. Banks have started deploying the latest automation techniques to deliver a wave of productivity, improvement in experiences, and cost savings. The results of this…

How can Banks Assist SMEs in these Challenging Times Post- COVID?

Small Enterprise India

With the current pandemic affecting the global economy, financial institutions and banks have started navigating to the post-COVID- 19 strategy. This is the long-term outlook to improve the bank’s crisis response. All the global banks including the community banks are struggling with their future strategy. This strategy is focused on supporting the small businesses during the crisis and taking the economy to the ultimate salvage. PwC recently surveyed to understand how small businesses are coping in the United States.  It was seen that although the small and medium businesses are…

Importance of Phishing Awareness Training to your Employees

Small Enterprise India

Today the most common and dangerous email threats, phishing attacks are something that every modern organization in this day and age face at least once. Attackers are increasingly exploiting our reliance on email communication in this digital era. This is evident with the incident that nearly half of the said phishing attempts had been successful last year in 2020. However, what is the basis of phishing? IT security professionals must realize how such attacks function so they can guard expected victims from the end-users that phishing targets. Imagine the situation…

10 Technology Trends 2021 for Small Businesses

Small Enterprise India

Some people in the old days (1960-1990) watched sci-fi movies and read sci-fi books to only get entertained. They also believed that those technologies would forever remain caged inside those books and never come to life. However, the wheel of science and technology turned and reshaped the world by materializing those technologies in day-to-day lives. It isn’t the least bit exaggerated when we say this but today’s business world is exponentially dominated and inspired by technologies. As there has been the digital revolution of desktops, smartphones, and laptops, there has…

Top 8 Most Common Legal Mistakes Made By Startups

Small Enterprise India

It is not a piece of cake to set up a startup. It needs quite a bit of effort and resources to create a successful business idea and commence its operation. Many tasks need determination and focus to launch a certain product in the market, safe and sound. As there are several to consider before making a reliable market product, the founders generally disregard the legal and official requirements of their startup during their initial stage. Due to this, the founders fail in creating a firm and legal foundation for…

LeadSquared Partners With Savex Technology To Expand Its Business Footprint

Small Enterprise India

LeadSquared, a Bengaluru based sales automation SaaS platform known for driving high-velocity sales with its solutions – Sales Execution CRM, Marketing Automation & Field Force Solution, – today announced its partnership with Savex Technologies Private Limited. The partnership aims to leverage Savex’s large customer network and LeadSquared’s sales automation capabilities to help small-to-mid-sized, new-age businesses realize their full digital transformation potential. Today, Savex Technologies is one of the largest information and communication technology distributor in India. It is a customer-oriented technology-aware IT solutions company providing a wide range of products…

How to Write your Business Plan – Step-by-Step Guide

Small Enterprise India

Though business strategies alter in terms of scope and length, every successful business strategies contain common components. The strategy must take into account your specific business along with its environment. Below are certain sections that you can include in your business strategy: 1. Executive Summary The executive summary is a sketch of the main points incorporated in your business strategy and is mostly contemplated as the most essential section. It is generally the first division that a potential lender or investor will read, and can be the only division to…

A Complete Guide to Choose Right Business Model for your Start-Up

Small Enterprise India

Is becoming an entrepreneur your dream? Are you flooded with business ideas? Are you passionate about starting your own business? Then hold on, and think once again. In this competitive world, where about 100 million start-ups launch every year, make sure your business idea fits in the market. The ultimate aim of any business is to generate revenue. The foremost step to be kept in mind before initiating a start-up should be a well-planned business model that provides an overview of your efforts and expectations. Wondering! What exactly a Business…

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