Category: Featured

OVERCOME MAJOR BUSINESS CHALLENGES

Avni Porwal

Even after strongly steering across the professional journey, MSMEs still face multiple challenges. The economic climate in India is still sluggish, and the government’s policies are not enabling them to compete successfully in the global market. Among these challenges are the lack of finance, poor access to credit, and inefficient distribution of tasks. As a result, most of the MSMEs are operating in the informal sector, where financial documents are not always available. Challenges for MSMEs are truly real. Let’s enlist them one by one and discuss the ways to…

HOW STREAMLINED CASH FLOW EXEMPLIFIES POSITIVE FINANCIAL HEALTH

Avni Porwal

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 can help you grow faster.  Cash flow management is the most imperative aspect of running a business. Studies have showcased that 60% of businesses fail because they aren’t able to…

WORK ODYSSEY WITH BETTER COLLABORATION

Small Enterprise India

The life of entrepreneurship is full of wild rides in pursuit of revenue and customers. The world is ready to tell you which ads you should run or which social media posts you should manage. Some entrepreneurs do not have an endless budget and time to invest in their businesses. It’s good to have thought of collaborating or partnering with other organizations. But the question is, whom to collaborate with? However, it’s better to confirm one main thing for sure, do not collaborate with an organization that has the same…

NEED FOR MSMEs TO TURN TOWARDS TECHNOLOGY

Small Enterprise India

As the economy slows and trade slackens, MSMEs need to focus on restructuring strategies. To do this, they should embrace technology to foster with time. Developing this capability will help them deal with economic burdens, supply chain disruptions, and more. By taking advantage of technology, MSMEs can enhance their competitiveness and adapt quickly to new challenges. This article will highlight the various benefits of implementing technology to support their growth. Here’s How Technology Can Help MSMEs Strive and Scale Today’s consumer behavior is rapidly changing, and digital trends are accelerating…

RESPONDING TO COMPETITION

Small Enterprise India

The contribution of MSMEs has always been central to the growth of an economy. Over the last few years, various steps have been taken by the Government and regulators to strengthen the MSME ecosystem. MSMEs sector has been at the centre of attention for a long time now. While MSMEs in India continue to remain one of the highest employment-generating sectors, their performance in the international markets has much scope for improvement. MSMEs account for 90% of businesses, 60 to 70% of employment and 50% of GDP Worldwide. It is…

HIRE PEOPLE WITH POSITIVE ATTITUDES

Small Enterprise India

It doesn’t surprise me to think about how hiring based on attitude is a smart move when you consider how much of an impact your attitude has on how you conduct business. Most people aren’t a perfect fit because they won’t always have all the abilities required for a job, but attitude is what shines through any gaps in one’s skill set. While talent can be learned, factors like temperament and personality are more difficult to change. They do, however, have a significant role in how well someone will work…

THE POWER OF SMALL: UNLOCKING THE POTENTIAL OF MSMEs

Small Enterprise India

Micro, small and medium-sized enterprises (MSMEs) constitute an integral component of any economy. A resilient MSMEs sector is a catalyst for stimulating innovation, sustainable economic growth, domestic demand and inclusive growth in an economy. In the Indian economy, MSMEs are essential for development as they create jobs across different industries, improve value-added and influence trade; these invaluable contributions are central to the efforts to achieve inclusive growth. The webinar will allow MSMEs to share their insights with industry experts on how they are managing the health, social and economic challenges…

What Your Estate and Trust Plans Say About Your Family Legacy

Dr N. Krishnan

As successful business owners, you understand that carefully crafted estate and trust plans provide the tools for families to safeguard assets and protect their financial security. But these plans can also ultimately help families create their legacies. How can you have confidence that the planning strategies used in estate and trust plans, as well as the fiduciary appointments made to carry them out, accurately capture your legacy goals and objectives? We believe a legacy conversation—thought-provoking questions that go beyond the numbers—is a crucial prelude to crafting and updating estate plans.…

De-Risk Your Business, by Listening to Your Customers

Anjali Malhotra

A successful business is not solely dependent on the products or services you have to sell. Rather it is a complex mix of your products, your marketing, and ultimately your customer experience. But how can you improvise your products, built constructive marketing strategies, and better your CX at the same time? It’s simple really! Listening to your customers has more benefits than you anticipate. Here’s how formal listening can help your business expand Why do you need to listen to your customers? To know what your customers want Fun fact:…

Intellectual Property Rights, Critical For The Success Of Startups

Dr. Kiran Kumari Patil

When entrepreneurs begin on their unique business idea, they do not doubt that their idea would be a commercial success in the market; their main focus is initially to start giving the appearance to the venture. In the middle of so many different things that go into starting and building a startup from a single idea, the word “Intellectual Property” (IP) is generally not just their main focus. And even if they think about IP protection, it seems to be too costly for a startup to work on. Entrepreneurs must…

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