Out of many businesses around us B2B suppliers and companies are the ones on which most of the market depends. The sale approach and marketing strategy of these businesses are very different from that of B2C businesses. Customer service brings exceptional value to the business. There should be a desired need in companies to provide effective customer services. In this article, you will learn how customer service and support services are important in B2B businesses. Before this, it is very important to know what B2B business means. What is B2B…
Author: Small Enterprise India
Success Story of Hotfoot – Simplifying loan lending process for Loan Aggregators
We had a candid interview with Mr. Vivek Naidu, CEO and founder of Hotfoot. Vivek is the Founder & CEO of Hotfoot Technology Solutions Pvt. Ltd, a new-age FinTech / Credit Tech Platform that provides optimum end-to-end business solutions to Financial Institutions. He has done his Master’s in Financial Management. Being born in a business family largely laid the foundation for his current business outlook that the business must be customer-centric to be able to survive. As a first-generation entrepreneur, a vision to transform the way people avail loans led him to…
5 Causes Women in Ecommerce Should Stand for Each Other
Female entrepreneurs are continuously making their space in the world of business by accepting new challenges each day and are achieving great success. As per the non-profit corporation Catalyst, females hold at most 6 percent of CEO posts in the S&P 500. However, that percentage bounces considerably when we look at eCommerce, as Amazon data firm Jungle Scout reports that 32 percent of the sellers are females. Yet even this data discloses a gender gap in business. Females have hurdles that are different from their male equivalents while managing an eCommerce business. And getting the proper support…
Aspire Media launches Small Enterprise USA Portal
Connecticut, 21 April 2021: Aspire Media, one of the fastest-growing publication houses, and entrepreneurship media, has expanded its services to the US with the advent of Small Enterprise USA (www.smallenterpriseusa.com), a portal for American entrepreneurs. The portal will strive to educate SMBs through insightful content, webinars, and masterclasses. Our weekly newsletters will help enlighten entrepreneurs to venture into and promote their business seamlessly. There are over 30.7 Million Small Businesses in the U.S. which account for 99.9 percent of all U.S. Small businesses (SBA, 2019). According to the Small Business…
How to Generate Finest Business Ideas
Before worrying about getting investors for your business or building a business plan, it is vital to focus on a solid business idea. If you want to start a new business or grow an existing establishment, then you don’t just need money but ideas also. To develop a successful enterprise, it is vital to focus on the concept of the business. Such an establishment that is built on a solid idea will thrive. Thus, the process of building an idea is extremely crucial as this is what the future of…
5 Brands that have taken employee engagement to the next level in 2021
Over the last few years, there has been a tectonic shift in the way HR as a department function. Cutting-edge technologies have made their way into the department to offer automated solutions, which have brought about increased efficiency in operations. At the same time, there is a growing need to address and deploy solutions for increased employee engagement. Being the heart of an organizations’ operations, having employees who are made to feel valued and nurtured, can make all the difference to the former’s position in the market. Startups, in particular,…
Top 10 Challenges before Small and Medium Businesses Today
Starting a business is a great achievement for all entrepreneurs, but sustaining one is the bigger challenge. There are a number of standard challenges each business faces, regardless of their size. These comprise of things like employing the right people, developing a client base, building a brand, etc. However, there are a few which are strictly small and medium sized business problems. Here are the top 10 challenges faced by small and medium sized businesses: 1. Leadership No academic qualification is required to be the leader of an SME and it…
Tips to Develop Management Team for Small Business
To thrive, all businesses require a certain range of skills. There will be many different responsibilities upon you if you are an owner of a small business. You will realize that eventually you are better and worse at some roles than others. At some point in time in your business, these skills must be refurbished and improved. It is quite necessary to accumulate people that can appreciate and support your business. An efficient management team will help you to form a more capable and effective business. The role of the…