Category: Featured

THE ROLE OF DIGITAL TRANSFORMATION AND INNOVATION IN ENHANCING THE EASE OF DOING BUSINESS IN INDIA

Small Enterprise India

India is emerging as a formidable force in the digital economy. With an impressive volume and growth rate in key metrics such as internet connections and app downloads, it surpasses most other nations. The government and private sector are making concerted efforts to expand high-speed connectivity nationwide and equip Indian consumers and businesses with the necessary hardware and services to go online. What are the economic implications of this enhanced connectivity? And how efficiently and effectively can India leverage digital technologies to promote the well-being of its entire population? Based…

INDIA STANDS AT 63 IN THE GLOBAL RANKING

Small Enterprise India

The country’s Gross Domestic Product (GDP) is currently at $2 trillion. That means India is now the largest importer in the world. India’s per capita income in 2013 was US$1,900. That makes India the poorest of the BRIC countries. India’s growth has been very high over the past two decades. It is expected to grow further shortly. India’s Gross Domestic Product (GDP) is currently at $2 trillion. That makes India the largest importer in the world. India’s per capita income in 2013 was US$1,900. That makes India the poorest of…

THE MULTI-FACETED WORLD OF MODERN FAMILY BUSINESSES IN INDIA

Neetu Vijoy Bansal

India has a rich and diverse culture, and this is reflected in the way we do business. From multi-generational family businesses to Silicon Valley startups, Indian businesses have made their mark globally. In this article, we will delve into the fascinating world of family-owned businesses in India, exploring the trust, value, family, revenue, modernization, employee, technology, and new generation factors that contribute to their success or challenges. The Trust Factor In a job market marked by massive layoffs globally, family businesses continue to hire, retain, and train their employees. An…

HOW CAN YOU USE CHATGPT FOR YOUR SMALL BUSINESS

Small Enterprise India

In today’s digital age, businesses constantly look for ways to improve customer support and streamline operations. Chatbots have emerged as a popular solution for businesses of all sizes, offering 24/7 availability, personalized assistance, and a cost-effective alternative to hiring additional staff. An example of such a chatbot platform is ChatGPT, which employs state-of-the-art natural language processing (NLP) and machine learning technologies to deliver an adaptable and interactive user interface. This article will explore how small businesses can use ChatGPT to enhance customer support, sales and marketing efforts, and overall business…

HOW INDIA PLANS TO GET INTO THE TOP 50 GLOBAL RANKS

Small Enterprise India

India is a country that is still in its youth and possesses a vast amount of potential that has not yet been realized. This potential can be seen in the country’s rapid population growth. It is the most populous democratic nation, and its economy is expanding lightning fast.  However, despite its quick expansion, it still has a long way to go before it can reach the top of the worldwide list as one of the world’s most successful nations. Even though it is one of the economies expanding at the…

COLLATERAL-FREE SME LOANS

Small Enterprise India

No-collateral SME loans are a form of financing that does not require borrowers to provide collateral, such as property or assets. This type of loan is typically extended to small and medium-sized enterprises (SMEs) that may need more collateral to secure traditional bank loans.  No-collateral SME loans can be used for various purposes, including working capital, inventory purchases, expansion projects, and equipment upgrades. When compared to loans offered by traditional banks, these loans frequently have more adaptable payment periods and lower interest rates. In addition, the application process for no-collateral…

World CX Summit – India to Showcase the Impact of Customer Centricity on Business Growth

Small Enterprise India

The 10th global edition of the World CX Summit is set to impact India’s CX landscape by bringing together renowned pioneers and experts in the field of customer experience. The summit aims to provide a platform for engaging in discussions, sharing knowledge, and recognizing industry veterans for their noteworthy contributions through the highly esteemed World CX Awards. Thursday, April 27, 2023: The 10th Global Edition of the World CX Summit, organized by Trescon, is set to take place on 27 April 2023 at The Westin Gurgaon, New Delhi – NCR.…

THE USE OF TECHNOLOGY FOR IMPROVING THE ACCESS OF SMALL BUSINESSES TO CREDIT

Small Enterprise India

Technology has revolutionized the world and the business world is no exception. Apart from helping businesses in operations and innovations, technology has empowered small businesses.   The biggest concern for small businesses is arranging adequate funds. So, technology has made the process of loans faster and more transparent, enabling small businesses to operate and grow. It won’t be wrong to say that technology has a significant role in their success.   Technology has made the financial sector more dynamic and comprehensive. Recognizing the potential of Technology to arrange accessible Credits and enhance…

Ease Of Doing Business in India: Global Perspective and the Factors That Influence the Ranking

Small Enterprise India

India has always been a sought-after destination for tourists, traders, and explorers. It is a region of entrancing colours, engaging cultures, and tremendous diversity. However, many people are unaware that India also has a rapidly developing economy and is a hub for entrepreneurship and innovation. The nation is evolving into a centre of commercial activity, providing a plethora of chances for anyone willing to take the risk.  India has great promise, but historical challenges have made doing business difficult. Yet, the Indian government has been making efforts to foster a…

TOP 10 CRM FOR SMALL BUSINESSES AND THE BENEFITS

Small Enterprise India

CRM (Customer Relationship Management) is a category of software that aids companies in organizing, managing, and specifically tracking their customer interactions. The CRM can also help you store customer data, which you can efficiently utilize to streamline the sales and marketing operations and increase customer service throughout the entire organization. This data also includes the user activity, client lifetime value, purchase history, and specific notes on the sales interactions. CRM software tracks the behaviour and actions of your present and potential consumers through your business’s website, social media accounts, or…

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