Month: September 2020

Categories
Startup

Good News For SMEs! BSE Joins Hands With Yes Bank to Empower Small And Medium Enterprises

Startup Growth
Startup Growth (Photo Credits: Pixabay)

Mumbai, September 30: Bombay Stock Exchange (BSE) on Monday said it has signed a pact with Yes Bank to empower the small and medium enterprises (SMEs) listed on the platform. In a statement, BSE said that the pact aims at empowering the SME segment through awareness and knowledge-sharing programmes.

According to a PTI report, BSE and Yes Bank will conduct knowledge events for SMEs, export promotion of SMEs, in addition to providing banking and financial solutions. The bank will also offer customised services and products to the listed SME members of the platform.

Ajay Thakur, head BSE SME and startups said, “We are happy to associate with Yes Bank and jointly work towards helping SMEs scale and develop themselves. BSE is the largest SME Platform which will provide the SME clients of Yes Bank.”

SME sector generates maximum employment in the country and is a key priority segment for the bank. The bank will remain focused on playing an active role in contributing to this vital economic growth engine and further strengthen the share of the SME segment in the total loan book. The entire objective is to empower SMEs to become more competitive and fast-track their growth through solutions that address their business challenges.

Categories
Business motivation

Motivational Quotes That Will Inspire You To Dream Big

What does a good motivational quote do to you? A good motivational quote possesses the power to make you dream big, to achieve something in your life, and to make a difference to this world. A good motivational thought serves as food for your brain that gives it an instant rush to get up on your feet,  fulfil your dreams, and conquer the world.

 

We understand the effect and importance of the adrenaline rush a motivational thought gives to a budding entrepreneur and hence we bring to you some of these thoughts from the leadership around the world to light the fire within you! Stay with us for some inspirational quotes that will surely tug at your heartstrings.

“Genius is 1 percent inspiration, and 99 percent perspiration.” — Thomas Edison

Our very own Thomas Alva Edison cracked the code for us in this very inspirational thought that sheds light on the importance of consistency and hard work. Many times, even after finding a mind-blowing business idea, we fail to make a mark. Have you ever thought, why does that happen? A major reason behind this is the lack of hard work that is required to execute that amazing idea. Always keep it in the back of your mind that a great idea in itself isn’t sufficient to drive amazing results, the recipe calls for equal amounts of hard work, dedication, and uniqueness.

 “Change the world, or go home.” –Bill Gates

Bill Gates does not need an introduction. The work he has done, the goals that he has achieved, the lives he has changed, are testimonials for how big a life he has led till now. Bill Gates always emphasizes on doing something with the help of which you can bring a change to this world. Ordinary isn’t an option for him. He has always been able to bring game-changing reforms and knows how to effectively increase the scale and magnitude of the impact he makes in many powerful and inspiring ways.

“A person who never made a mistake never tried anything new.” — Albert Einstein

Can you deny falling on your face while trying to learn how to walk when you were little? No, right? It is important to understand that making mistakes is a part and parcel of the process of you meeting your ultimate goals and learning constantly throughout your life. Nobody is born perfect. It is something that is achieved with years and years of hard work and perseverance. While it is okay to make mistakes, avoid making the same mistakes again and again and make room for new ones. Don’t be afraid of trying something new just because the fear of failure is paralyzing you every other second. These failures are yours to experience, learn from, and work upon. So, embrace failures and hit the road again that takes you to your dreams!

“Formal education will make you a living; self-education will make you a fortune.” — Jim Rohn

How many of you agree with the thought that learning and developing is a lifelong process? We assume many of you do agree! In our knowledge-based economy that is changing its shape and form every now and then, it is highly advisable to invest in self-education. We all have experienced at some point in our lives that the experience you gain over years doing something that you love can dominate those flimsy certificates any day and rightfully so.  It’s for you to decide what kind of knowledge do you need the most to succeed and how do you plan on gaining it. All in all, believe in the power of going out there and do what you want to do. Do it, learn from it, do it even better the next time, and never stop learning.

We hope these powerful and motivational thoughts that have been derived straight from the life experiences from brilliant minds around the world have left you all energized and pumped to go for your dreams and live the hell out of them.

 

Categories
Business motivation Strategy

5 Incredible Tips For Entrepreneurs For Success

कौशल विकास प्रशिक्षण
कौशल विकास प्रशिक्षण

As you gear up to restart your business in Unlock, every new business owner is nervous and excited at the same time. Entrepreneurship is not an easy cakewalk. It requires a lot of patience, motivation, hard work, and focus. Every entrepreneur treats his idea as a child, which he develops with a full heart.

But we always wonder what qualities or mindset, one needs for being a good entrepreneur. Starting a new business is going to take everything you have got to make it successful. You have a great idea, a strong work ethic, and determinations are two things you will require it most. So, we are here for all the new and old entrepreneurs who want to kick start their business or startup in this unlock with great tips that can help excel your business.

Learn Something New Everyday

Learning will always help you to keep your mind fresh, and knowledge will sharpen your skills. So, start to dedicating your time to learning new things. Running a business is a Tuff process with everyday new additions, which means you need to be updated and well-skilled to face new challenges.

Learning will help you to create new ideas and come up with new innovative answers to your challenges.

Passion The Success Key

Passion is one thing that keeps you going, as it motivates you to face the obstacles. The thing you do without being passionate it bores you up soon, and in the end, you lose interest in it. Without passion, entrepreneurship will turn your business into another job, which you do only to cover your bills.

So being a successful entrepreneur, you need to fire the passion inside you and work hard on your idea and their business. As an entrepreneur, you need to sacrifice, and if you love for your work will give you the enthusiasm and the motivation for success. That’s why its said passion is the success key.

Strengthen Self-Confidence

It is an old saying that you must believe in yourself! Self-doubt is the biggest challenge in any entrepreneur’s life and which they try to overcome. As a human, to self-criticize, and this makes us doubting our idea.

Self- doubt limits the entrepreneur mindset that keeps them to showcase full potential. Developing self-confidence will help you create and work hard more freely, but it will inspire people to work harder and believe in themselves.

Start Challenging Yourself

Challenges are something that helps you to grow and learn at the same time. For every successful entrepreneur, they have to challenge themselves. Nobody can push you to face the need to face it yourself.

As an entrepreneur, you need to be quick and on your toes. Being an entrepreneur, you always have to be prepared for the next challenge.

Take Baby Steps

Making an empire and being a successful entrepreneur can be daunting. It is tough, but not impossible, so we have a solution for it that, is to break it down and takes baby steps.

Once you have broken it down, take them one at a time. Once you start doing that, you will realize you have crossed half mountain. With courage and perseverance, baby steps will take you towards becoming a successful entrepreneur.

Being an entrepreneur, you need to make sure you have a good sleep it will rejuvenate and boost your immune system. Success in business doesn’t expect overnight success. As we have demonstrated only four tips, you have to take a long-term strategy and take baby steps until it becomes a success.

 

Categories
Technology

V-Enhance E-Training Programme Launched by Vestige to Empower Hearing and Speech Impaired Entrepreneurs in India

Apart from unique challenges, the COVID-19 brought fresh opportunities for India in the hospitality and allied sectors. Here are few ideas which entrepreneurs in restaurant startups can try to keep their businesses rolling.
Innovative Ideas for Businesses

New Delhi, September 28: In a bid to empower the hearing and speech impaired entrepreneurs in India, Vestige, India’s leading home-grown direct selling company, has launched a custom-built e-training programme called V-Enhance. The special training programme aims to help distributors with hearing and speech impairment to augment their understanding about Vestige Marketing’s health and wellness products and their benefits through sign language.

According to a report by IANS, the aim of the V-Enhance E-Training Programme is to empower and support them to sell products with utmost confidence and build a rewarding and sustainable career with Vestige. This is a unique initiative taken by the firm which will help them realise their own potential to become successful and self-reliant entrepreneurs in the future.

Gautam Bali, the company’s founder and Managing Director said Vestige has provided equal opportunity to a diverse range of people globally and there are thousands of extraordinary success stories that highlight the the same. “For us, each distributor joining the system is a valued partner in our business. So, we feel that it is our duty to provide the differently abled a platform where they can equally grow. V-Enhance has been conceptualised with that very idea of providing equal opportunity to everyone.”

V-Enhance E-Training Programme is a two-month-long training programme. It covers the various health and wellness product categories offered by Vestige. It must be noted that there are multiple trainings every week covering topics like women’s health, immunity, detoxification & rejuvenation, glycemic health, fitness and diet and many more.

Categories
Business motivation

Top Future Business Ideas: 4 Unique Ideas That Will Work In 2020 And Beyond

बिजनेस बढ़ाने के टिप्स
बिजनेस बढ़ाने के टिप्स

The present is where you learn about the opportunities, the future is where you make those opportunities your reality! We all know that most of the startups are shut down in their nascent stage but are not really aware of the reasons behind it. The primary reason is the sheer lack of creativity and artistic approach. 

Through this piece of news, our intention is very clear and that is to introduce you all to some of the business ideas that possess very high potential to become successful in the future. If you are among those many others who are trying to identify Future Business Ideas, this article can help you to identify them. 

What Is A Future Business Idea?

Before taking you aboard, we want to have you a clear understanding of what a future business idea actually means? Think about what all is required to make a business thrive other than just sufficient capital and efficient management. We also did some thinking and found out that staying up to date with the current and future business trends is what makes all the difference and this is the main focus of our article.  Our main focus is to help you build a futuristic approach to figure out what business idea could work the best for you in the near future.

Help Them Bridge The Gap With The Last-Mile Delivery

Ever heard about this service? Not many have, and that’s good news for you. This is a very essential service that the delivery companies these days subscribe to as it helps them make deliveries possible to the remote and rural areas where they generally can not reach. If logistics is something that might be of interest to you, you can try your hand at it by setting your warehouses on the outskirts of a few cities of your choice. 

The Sun-tastic Idea Of Solar Energy Setup

It is no breaking news that India is a hot country with a lot of sun exposure. The way we have utilized this amazing source of energy has been extremely underwhelming. Nonetheless, these days people are getting aware of the fact that with the help of solar panels they can generate electricity in abundance with little to no help required from anybody else. The way you can encash this opportunity is by helping them provide the equipment and set it up accordingly. It’s a business that has a lot of potential to flourish in the future!

The Co-Working Space, Because Sharing Is Caring

Do you know how much it costs to rent an office all by yourself? We are pretty sure it would burn a hole in the pockets of many as it’s not everybody’s cup of tea to afford to spend that much on rent! This is the reason why co-working spaces are getting popular these days and will continue to experience the surge! So, take our word, the future is bright here.

It Is A Win-Win Situation With Business Outsourcing

It has become a trend or more of a need to minimize the operational cost of your business to maximize the profit without compromising with the quality of work. Like the way necessities have been giving birth to the invention since ages, businesses have also found a way out by outsourcing service from someplace affordable. Businesses these days, rather than hiring local full-time employees, are preferring freelancers to get the work done. These freelancers are mostly from developing countries, where the resources are extremely cost-effective. So, if you are a  skilled freelancer, you can start offering virtual service by helping them expand their business.

We’re are sure you all are as excited as we are about all the possibilities that are yet to be explored. Just have an open mind, look around for some inspiration, do some research, and you will not be far from landing the dream business idea that will surely change your life!

Categories
Business motivation Strategy

Bada Business ‘Retail Ka Mahakumbh’ 2020 Live Streaming: Watch Dr Vivek Bindra Share His Business Expansion Strategies During World’s Largest Webinar on Sept 27

Bada Business Retail ka Mahakumbh. (Photo Credit: Bada Business)
Bada Business Retail ka Mahakumbh. (Photo Credit: Bada Business)

Mumbai, September 26: The virtual event of Bada Business’ ‘Retail Ka Mahakumbh’ is all set to begin virtually on Sunday, i.e. on September 27. This is touted as the world’s largest webinar and will be held for a duration of 1.5 hours from 12 noon to 1.30 pm. Bada Business founder Dr Vivek Bindra will guide the event attendees on how to expand their business in the time of economic crisis and COVID-19 pandemic. The event will be broadcast live on Youtube. Interested entrepreneurs and budding professionals can watch the live session at Dr Vivek Bindra YouTube channel.

The event is free for anyone who is keen to gain knowledge that would be imparted by Dr Vivek Bindra during the live session of the virtual event — ‘Retail Ka Mahakumbh’ on September 27. Dr Bindra is considered as one of the top motivational speakers of India and is an inspirational Pathfinder to various high-profile entrepreneurs. All those who are keen to attend the live session of ‘Retail Ka Mahakumbh’, can register at the official portal of Bada Business.

Here’s the Live streaming link:

About Bada Business and Dr Bindra:

Dr Vivek Bindra is Asia’s No.1 motivational speaker and business coach. He is an international motivational speaker, leadership consultant and business coach. He has also been awarded honorary PhD degree. Dr Bindra founded Bada Business (BB) with the vision to empower Indian entrepreneurs & MSME businessmen and businesswomen with the knowledge, skills and network to grow their enterprise. BB offers a world-class education in Hindi language and offers in-depth problem solving for entrepreneurs with its problem-solving courses.

Categories
E-Commerce MSME

Flipkart Wholesale Expands Operations to 12 New Cities to Help Digitally Transform Retails, Kiranas, MSMEs

Flipkart. (Photo Credit: Twitter/@Flipkart)
Flipkart. (Photo Credit: Twitter/@Flipkart)

Bengaluru, September 25: E-Commerce firm Flipkart Wholesale on Thursday said that it expanded its operations to 12 new cities ahead of the festive season. With this, now the Flipkart will be operational in Ghaziabad, Faridabad, Mysuru, Chandigarh Tricity, Meerut, Agra, Jaipur, Thane-Bhiwandi-Ulhasnagar, Greater Mumbai, Vasai-Virar-Mira-Bhayanadar, Thane (Kalyan-Dombivli) and Thane (Navi Mumbai).

With an aim to digitally transform kiranas and micro, small and medium-sized enterprises (MSMEs) to help them grow faster, Flipkart is mulling to expand the fashion category in these cities. The e-commerce firm is also looking forward to retaining their customers and improve their profitability.

Issuing a statement, Senior Vice President and Head – Flipkart Wholesale — Adarsh Menon — said, “As we enter the festive season, we are excited to be scaling up our offerings across 12 cities, aiming to create more opportunities for MSMEs and Kiranas.” Adding more, he said, “From trendy Jaipuri Kurtis to evergreen Mysuru silk saris, we aim to help small businesses embrace the digital transformation and emerge as more robust businesses.”

Apart from retail, Flipkart Wholesale is also planning to expand into categories such as home and kitchen, and grocery. Through its expansion, Flipkart Wholesale claims customers will have access to easy credit facilities in partnership with leading banks and non-banking financial companies to manage cash flow. Earlier in September, Flipkart had launched Flipkart Wholesale’s operations and stated that the platform was available for fashion retailers, especially footwear and apparel, in Gurugram, Delhi and Bengaluru.

Categories
Business motivation

Emergency Credit Line Guarantee Scheme: What is ECLGS? Are You Eligible? Know All About It

निर्यात कारोबार
निर्यात कारोबार

MSMEs have emerged as the backbone of our economy and no one can deny this. This sector contributes heavily to the GDP and has been actively providing livelihood to many. Due to the ongoing pandemic, this backbone has been hurt quite badly. Considering the current misery of the MSMEs, the government came into action and introduced new schemes and policies that could help these businesses stay afloat.

One such Scheme is ECLGS which stands for Emergency Credit Line Guarantee Schemes which has been introduced by the government to ensure the reinforcement of the financial structure of the micro, small, and medium enterprises across the nation.

What Exactly Is ECLGS?

On the 15th of May,2020, our ministry of finance announced a scheme with a vision to help the MSMEs of India get back on their feet. This scheme was a part of the Rs 20 lakh crore package that was brought forward and executed by our finance minister Nirmala Sitharaman to repair the damage that has been done to this sector in the light of COVID-19.

Are You Eligible?

To avail the said scheme, a Business should have total outstanding credit adding up to Rs.25 crore as of 29th February 2020. Also, the borrower should be able to prove that their business has produced a turnover of Rs 100 crore for the financial year 2019-2020.

 

  • To reap the benefits of the said scheme, a business must be recognized as a trust, partnership, proprietorship, registered company, or limited liability partnership.
  • The Scheme will be available only for existing customers on the books of the MLI.
  • For a seamless execution, enterprises are supposed to be ready with all the GST registration paperwork as well as other business-related documents. However, businesses that do not require GST registration, can also go forward applying for the same.

What About The Rate Of Interest?

Based on the body that is providing you the loan, the rate of interest would vary. We have mentioned below a bifurcation of the various rates of interests at which the loan will be sanctioned to the eligible MSMEs and enterprises.

 

  1. Non-Bank Financial Company: NBFCs have decided to give out loans under ECLGS scheme at an interest rate of 14% per annum and are very strict about not passing the threshold.
  2. Banks And Financial Institutions: The interest rate under the scheme is capped at 9.25% per annum for banks and financial institutions.
  3. MLI (multilateral Institutions): A sigh of relief for the existing customers of MLIs as no fee is to be charged to them.

Don’t Miss Out On These Details

  • All the businesses/borrowers that are thinking to apply for loans under the respective scheme must know that there is a 1-year moratorium on the principal amount that you will have to repay.
  • If you don’t repay the entire principal amount within the moratorium period, the rest of the amount will have to be repaid in the overall tenure of 3 years dividing it into 36 monthly installments.
  • Please be wary of the fact that the borrower will have to open a separate account for this loan altogether. The borrower will not be allowed to use any account that has been opened and already used to serve other purposes.

This scheme has the right potential to help out the MSME sector put an end to their misery and regain financial stability. All in all, the government has taken the necessary step to fill the gaps, now it’s up to the MSMEs if they want to grab the opportunity to strengthen and solidify their position in the market. 

 

Categories
Business motivation

Business Development Tips for Successful Business

एमएसएमई पंजीकरण
एमएसएमई पंजीकरण

Learn, Grow, and Get Success. Any company growth and value depend on business development strategies. Though, when you ask different people about business development, you likely to get n number of answers which vary from each other. That’s due to the role of business development develops along with the company growth and size.

But this is also true that business development can be one of the quickest ways to grow any business. It majorly requires focus, planning, and understanding about your company. When we talk about organizational growth, business development functions as the thread which ties together and helping a business to expand and improve its sales, revenues, and brand awareness.

We have mentioned a few tips for business development, which will guide you to hit the ground running.

Competition Understanding

Knowing the name of your competitors is not enough for you and your brand. With this, you need to evaluate and understand what they are offering. Why it’s important to know? That will help you to differentiate yourself from them. Analyze and apply what can make you stand out in the crowd.

Customer Is Everything

Creating products, or services that sell faster it is possible if only you know the needs of your customer and understands what they are expecting. Taking feedback is utterly significant, for improving the product or services. Plus, it helps you know to understand what is needed for improvement.

Building Trust and Adding Value

One most crucial factor to remember, don’t act like you want to earn money from them instead of it, winning the heart of your customer. Growth of business can happen by adding value to every relationship you build with your old and new customers.

This mindset and strategy, build trust and goodwill, which are your calling card for business development. But building trust takes time as a customer believes how you represent your brand and speaks through it.

Don’t Let Your Website Slip

Is your website updated as per the current time? It’s not wrong to say the maximum of your customer may start with your website before buying your product. The less attractive website certainly, results in missed opportunities for gaining a new customer.

If we talk about the content of your website, it should contain all information about your brand with full details of your product and services. Don’t forget to acknowledge your new visitor who visits your website with rewards. You can call this passive way to implement for business development it’s better for your brand, and it doesn’t cost you much.

Stay up to date

Time change with that pace changes, especially online. You need to complete up to date, with the change of time and developments for keeping yourself ahead of the competition. The customer follows the trends and looks for something new if you don’t update yourself, then, there is no freshness in your brand.

Business development is a significant component of any business growth. We placed out some crucial and easy to apply tips, that can be implemented easily, and help you to grow. Handle one problem at a time and continuously implement strategies to build your company, you’ll get the results you want.

 

Categories
Startup

6 Benefits How Technology Can Be Beneficial for Your Business

In current times, it is hard to keep up with the latest technologies, particularly if you are not a tech-head. For better growth of your business, you need to understand the importance of what is available to you. Today, technology can help your clientele in a thousand ways.

With the advances in technology, it enables a modest business to work more efficiently in several ways.  Here we listed some benefits of technology for your business. Till now, if you haven’t looked at the idea of introducing the technology in your business, then it might be time for a rethink.

Help in Productivity

When we talk about productivity a technology plays a vital role, you are still reliant on a manual process. Then chances you have a little laid back in your showcasing your efficiency. Technology just not only better personal productivity, but it works great with business operations also as well as their overall productivity.

Fast internet connection, powerful computers, and a list of software related to work are just a few inline benefits of technology. With this, you can streamline your usual tasks of managing your accounts to your sales process.

Securing your Business

Securing your business is one of the premium aspects of a technology play. In the beginning, you know the significance of protecting your business from intruders. In the age of cybercrime, you need to be very secure towards your business in the event of hacking.

As a business owner gaining the trust of your consumer is the most significant factor for that, you need to protect their information securely. That means the involvement of the latest firewalls and anti-virus software on your systems.

Marketing Your Business

With a basic level of technology, use is to market your business daily. From social media to websites is today’s technology, which you use daily bases. The best leverage of technology has been the software tools available just for you, and they have great effectiveness in your marketing strategies.

There are many tools to help you in every stage of your marketing journey, and you can use them to find and find potential customers.

Mobile working atmosphere

Now work is not confined in the four walls of the office area. You and your employees can work from home, car, or anywhere, just required good connectivity to the internet. This way one can create a perfect balance between your work-life balance, with the help of utilizing technology to bridge the gap.

Beat Your Competition

As we mentioned before, technology is a significant help in boosting marketing, productivity, and security too.  When you have these technologies in place, and then it would be easier to beat your competition, as this puts you at an advantage. You can use technology by studying their audience and analytics.

Strengthen your customer service

We all know how important is the customer is for you and your brand. Now technology has taken over human interaction entirely, and it provides significant help in CRM to online chatbots. That makes the process faster, which is beneficial for your brand and the customer.

For making personal touch with, you can always use social media and your website, which will help you improve your brand loyalty.

Technology benefits you and your business, not only one but in many ways. So, if you are still thinking of introducing the technology in your business, then it’s the correct time to get on board with it. We hope the suggestions we gave to you through this article helps you to grow your business to great heights.