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…
Cash flow and financial management are extremely important for MSMEs, as it helps ensure that bills and employees are paid on time. This, in turn, helps the business grow. MSMEs fall into one of three categories: manufacturing, service industries, and a combination of the two. Effective management of cash flow is vital to the success of any business, and it…
Have you noticed that most start-ups today are solving problems that ease the lives of their customers. From ordering a cab to your doorstep to software that can automate all tasks, businesses are making our (customers) lives faster, easier, safer, and simpler. As a Business Coach working with SME Business owners, I propagate learning from other segments. Do read my…
For SMEs, access to finance is a significant challenge. They need affordable lending solutions, improved credit risk scoring, and less friction. But banks often fall short of these objectives. While each of these approaches has merit, if they fail to commit to one main approach, the result is a hybrid. Banks should focus on the unique challenges faced by SMEs…
All businesses have the common goal to achieve growth while maintaining the massive quality customers to get supported the excel in the business community. Small business owners make constant initiatives to reach the highest level of business growth to become the next tycoon in the business community. But for Balancing Quality and Growth, the journey needs the face-off with the…
SMEs (Small and medium-sized enterprises) are the strongest hit by the changing environment especially when the crisis arrives. During COVID-19 the case became more worst and then the need for SME Banking Transformation evolved to support SMEs’ success. Towards the beneficial aspects of SME transformation, banks need to have a thorough knowledge of their challenges. Where to start for SME…
One of the first things you should consider when beginning the planning phase of a project is what could go wrong. Although it sounds terrible, pragmatist project managers know that this kind of thinking is preventative. To know how to manage risks when project planning, you need to have a mitigation strategy. But how do you approach figuring out the…