India has about 60 million+ Micro Small and Medium Enterprises, including registered and unregistered ones. SMEs have contributed about 40% of total manufacturing and 34% of total exports to the Indian Economy. They have become crucial; to the country’s economic growth, leading to employment generation and entrepreneurial development. SMEs are heavily reliant on debts to fulfil their start-up needs, cash…
Small and Medium size Enterprises may be a new term in economics, but it is an ancient system in its existence. It starts from earlier small-scale animal husbandry or dairy farming to making mechanical parts. All are perfect examples of SMEs. In the present time, ancient enterprises are progressing and presented in a more polished way. The SME industry is…
Time management or self-management is the most meaningful aspect of the life of businesses and individuals. Sometimes, it can even turn out to be your biggest threat. Individuals are responsible for how they spend their precious time. The way entrepreneurs and business leaders manage their time is unique to them. Time does not wait for anyone. The cause of someone…
A good preplanning strategy will not only help you through a crisis, but it will also help you protect your employees, your business, and the economy in general. If you’re a micro or small business, planning ahead is essential to avoid major losses resulting from a crisis. It’s also an apt way to learn from past experiences and prepare for…
The e-commerce sales cycle is one way to understand MSMEs’ challenges. In an ideal world, a buyer would click on a link; a fulfillment system would select the product, fill out the customs form, and deliver the shipment to the buyer’s doorstep. However, in developing countries, this kind of convenience is still far away. The weaknesses of an MSME’s e-commerce…
We all know the idiom “if there is a will, there is a way” this will be the only mantra for the small-scale industrialists to make it bigger. Determination and challenges are essential to survive in our highly competitive business industry. First, we must keep faith within to conquer our target. Let’s look closely at the life of business tycoons.…
Developing a community around your products or services is an excellent way to get new customers. MSMEs that lack access to loans or finance can’t buy a sturdy retail space. Flash floods can wipe out all the inventory in one day. Animal breeders don’t have access to weather forecasts, and drought can cause herds to perish. By building a community…
The company culture embraces the complete corporate environment at your organization. Culture indicates the valuable inputs that mark the organization apart from its competitors. The company culture represents the reputation of the business in the market, its staff, and the products and services that can affect your customer base. A healthy and result-oriented business culture keeps all the segments of…
Aspire AEONIAN (Aspire Media Pvt Ltd) – Publishers of Small Enterprise India (for SMEs), are thankful for the recognition that we received from Plugin Alliance, founded by Intel Corporation and SINE – IIT Bombay, as a platform since 2009, educating MSMEs to help their businesses grow. Plugin Alliance is the first-of-its-kind industry technology alliance in India for enterprises and MSMEs to accelerate and…
In this century, artificial intelligence, automation, and technology can take control over the majority of things. It has changed the course of actions in business life as well as in personal life. In short, the technical revolution has made things convenient and comfortable for humans in all aspects. Some people think it is a big concern because most of the…