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…
The world has been facing a challenging time. We adapted, survived, and thrived during the Covid 19 Pandemic. Here comes the important part, do we continue from where we left off or is it a new beginning? Perhaps the crisis regarding the global social, economic, and health concerns will change everything and develop a “new normal.” The global pandemic paved…
The detection of the newest Covid19 variant called Omicron has confirmed the fact that businesses are operating in a time of profound uncertainty and these uncertainties are here to stay for as far as the eye can see. The question that takes centre stage in all this is- how do businesses equip their organisation with the necessary skills and resources…
“Times they are a changing” sang Bob Dylan. The fact remains that the cycle of time spares none. You may have the best business plan, the best product in the market,and a great team, but if the times are bad, you may well be left with singed fingers and red figures on your balance sheet. The good news, however, is…
Any successful company, big or small will face human resource challenges. You will need to consider implementing effective strategies to retain and continuously better your workforce. More so because the business world is highly unpredictable today. To build a dynamic office culture, it is important that you consider mentoring programs at the workplace. So, what is a mentoring program in…
It is not a piece of cake to set up a startup. It needs quite a bit of effort and resources to create a successful business idea and commence its operation. Many tasks need determination and focus to launch a certain product in the market, safe and sound. As there are several to consider before making a reliable market product,…
Out of many businesses around us B2B suppliers and companies are the ones on which most of the market depends. The sale approach and marketing strategy of these businesses are very different from that of B2C businesses. Customer service brings exceptional value to the business. There should be a desired need in companies to provide effective customer services. In this…
Before worrying about getting investors for your business or building a business plan, it is vital to focus on a solid business idea. If you want to start a new business or grow an existing establishment, then you don’t just need money but ideas also. To develop a successful enterprise, it is vital to focus on the concept of the…
Doing everything yourself can be tempting in the beginning when funds are few and ambitions high. While there’s nothing wrong with a hands-on approach, taking on more than you can handle, especially in areas where you lack experience, can be damaging. Sustainable growth is among the biggest challenges any business leader faces, but it isn’t a problem if we find…
To thrive, all businesses require a certain range of skills. There will be many different responsibilities upon you if you are an owner of a small business. You will realize that eventually you are better and worse at some roles than others. At some point in time in your business, these skills must be refurbished and improved. It is quite…