Artificial Intelligence (AI) and Machine learning (ML) have given the financial sector, in general, a way to meet customers’ needs for more creative, more comfortable, and more secure ways to use, access or employ, save, and invest their money. Additionally, AI assists the financial industry by streamlining and improving processes from making investment decisions to quantifiable trades and managing financial risk. In the end, automated solutions will likely become a game changer that will have significant implications for enhancing access to financial services for the masses. AI and ML let…
Category: Business
NON-TECH CHALLENGES GROWING THE SaaS BUSINESS
With the rapid pace of innovation in SaaS, more than technological proficiency is required; understanding how to navigate business challenges is equally crucial. Integrating innovative technology is fundamental to the success of SaaS companies, and recognizing and mitigating the specific difficulties introduced by scaling up is essential. The text analyses the subtle yet daunting challenges that SaaS ventures must overcome to achieve lasting prosperity. A deep comprehension of these difficulties allows SaaS pioneers and leaders to navigate their market and achieve eternal triumph strategically. Market Analysis: Identifying and Addressing Target…
HOW TO SCALE A PLATFORM AND ECOSYSTEM TO OVER A BILLION US$
In today’s digital landscape, the ability to scale a platform and ecosystem to over a billion US dollars is an extraordinary feat that requires careful planning, strategic thinking, and relentless execution. The main components of creating a scalable platform and ecosystem that can prosper and reach the billion-dollar threshold are covered in this article. From understanding the components of a successful platform to exploring strategies for growth, overcoming challenges, leveraging technology, and monetization models, we will uncover the essential ingredients for achieving remarkable scale. Through real-life case studies, we will highlight…
Jumpstarting your Business and Conquer
We have seen one the worst ‘pandemic’ of the century. One invisible virus has wreaked the entire world to a standstill. This has brought the entire activities, operations, and commerce to a pause mode. Slowly things are opening up and all of us are in the revival mode. The covid-19 pandemic has left its impact on all sectors of the economy but the most impacted are MSMEs of India. MSME’s have been the backbone of our economy with estimated 6.34 crores MSME’s, employing work force of 11 crores. MSME’s…
Supply Chain Management in Small and Medium-Sized Enterprises
Every organizational system, big or small, aims to control operations and execute projects in the most effective and efficient manner. Supply chain management is the apt system to integrate and connect a product’s workflow, right from acquiring raw materials to production and then distributing the products to customers in a highly systematic and streamlined manner. By implementing this system, businesses can earn good profits as well as lower losses and business failure risks. A supply chain management system is an integration of three main phases: Supply – process of procuring…
Top 5 Business Revival Hacks Post-COVID-19
Although many people may be worried right now about the gravity of the business and stock market situation and think that it may take a long time for the world to recover from such a loss, it is not however an impossible situation to overcome. There can be learning through the lockdown and important business lessons can be learned from the crisis as well so that we can be prepared for such future pandemics/disasters. Below are some of the tips that each SME/MSME needs to practice to thrive through the…
LinkedIn Marketing Hacks for Small Businesses to use in 2020
Yes, this piece of information is about how to market your small business in 2020 using the LinkedIn platform! You might be extremely excited about your recently launched startup and eager to watch it grow! Is it that simple? Of course, it is if you know how to leverage different networking sites! LinkedIn is one of the most popular and highly professional social networking sites where you can see your business reach new benchmarks! For your business, you need to approach people and great to start with LinkedIn. Start with…
6 Tips to Optimize your Business and Support Employees during COVID-19
Coronavirus has already done a big number on us. Some say that it is easily the most searched keyword and the biggest trend in Google search history. It has become the nemesis for schools, restaurants, and also human life especially the elderly. The virus is spreading like wildfire and no one knows when it may stop. Around 30.7 million small businesses have already been affected due to the epidemic and it is just a hard blow to the gut for any country financially. However, some small businesses are thriving in…
Logistics in the E-Commerce Era
The ever-changing e-commerce scene has resulted in major changes in the way logistics work. Certain processes that ensured success in the past years may not necessarily yield the same results today. Owing to the increasing demand from different e-commerce channels as well as new expectations from customers, businesses and logistics companies have started investing in advanced technologies and improved management systems. Implementation of new, advanced logistics and supply chain processes is the key to winning the game in this e-commerce era. The pre e-commerce era merely involved transportation of goods…
Operation Key to Success in Franchising Business
I have written about various topics such as how to choose the right franchisee, how to be a good franchisor, what are the various things that we need to look at in a franchising business like finding the right location, having the right branding strategy, fixing the best interior possible without compromising the design and the materials prescribed by the franchisor, having the right HR solutions, having the right marketing and then we saw how a franchise manger need to be in a franchising company and the key role that…