Businesses can be small in size, but big in reach, so that they are not at the mercy of a handful of customers. Digital can be truly empowering in this regard.
Finding money and funding for your business has become very difficult. However, two SIDBI schemes can provide some succor.
Organizations are struggling to implement an immediate crisis response mechanism while exploring long term sustainability solutions to build resilience against future black swan events.
A googly that founders often face from investors is the market they address is too crowded. Now competition is a given, very much like death or taxes, and it’s often better to have competition that validates that the market exists than otherwise.
Competing with private companies for limited resources could cap the room for RBI to cut interest rates. Even if it does, market rates won’t ease due to higher government debt. Also, with inflation being predicted to ease by the second half of 2020 towards the target of 4%, prospects for sharp rate cuts diminish.
Relevant business structure attracts a certain tax liability and it is important to consider the tax implications before finalizing the formation.
Conserving cash is the basic tenet of financial management.
Preparation is the key to winning. Having adequate information, ability to influence, and the resources can work as the power to turn the negotiation in one's favor.
A personal loan is dependant on the credit profile of the individual borrower, if you already have other loans active, you may or may not be able to get a personal loan.
Making products meet international standards requires ISO Certifications, but getting it is an expensive affair. To get around this, the government provides reimbursement to SMEs seeking ISO 9000/ISO 14001Certification.
Transferability of shares in a privately held company is governed by the Articles of Association, which is a document that lays down the rules and regulations.
Many research studies have shown that large numbers of projects do not achieve their assigned business goals and the failure rate is significantly higher for SMBs.
Equipping the business with cutting-edge technology is essential to ensure you stay competitive in today’s industrial environment.
ESOPs allow grantees to have a stake in the company which directly results in greater loyalty.
MSMEs need easy credit facilities to fulfil the financial requirements of their business. The DCE's Credit Guarantee Scheme provides easy, collateral free credit facilities to MSMEs.
Technology does not come cheap and more often than not; it does call for substantial investment.
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