The number of SMEs in India is now estimated to be at 42.50 million, and accounts for 16% of bank lending. This formal and other informal SME lending mechanisms are the most commonly availed SME financing types. However, there is…
The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India, announced that India is one of the 10 most improved economies in the World Bank’s annual Doing Business Report. The Doing Business Report is…
Whether you’re just starting a business, running it, or managing business growth, you need an array of business software to automate and simplify your operations. The use of software also allows you to scale the business in a way that’s…
As the CEO, owner, executive or stakeholder, you want to try and run a business as smoothly and efficiently as possible. In order to do this, an SME needs to follow certain best practices in every business process you have…
Ever since the onset of the financial crisis, the global economy has been struggling to revive itself and achieve a healthy growth rate. The global growth rate for last year and this year are projected at 3.40% and 3.80%. But…
I’m not going to talk about the environment or the urgency of tackling the crisis of climate change and global warming. Instead, let’s take a look at the cost benefits of going green. To get more information about how an…
The business mentors and financial industry experts we work with keep telling us that entrepreneurs and business owners should not spend any of the funds they raise while they’re still in the initial stages of starting a business. On the…
Both startup founders and small business owners go through the same new business setup and growth curve in terms of investment and lack of a corporate structure. But their funding mechanisms are completely different, their route from idea to commercial…
An article in the Business Insider on the “Micro Merchant Market Sizing and Profiling Report” by MasterCard, in collaboration with Confederation of All India Traders, states that small businesses contribute 45% of India’s GDP. That’s three times more than what…
MSME is an acronym for Micro, Small and Medium Enterprises. MSMEs are basically small-sized businesses defined in terms of their investment. 40% of India’s gross industrial output is contributed by MSME. 45% of India’s total export is from MSME. India’s…