Month: December 2020

Categories
Sales Startup

December 2020 Shubh Muhurat Dates: Auspicious Dates Which You Can Refer to Before Starting Your Business or Setting Up a Factory

Shubh Muhurat
Shubh Muhurat (Photo Credits: File Image)

Mumbai, December 4: Indians believe in doing any important work be it marriage, opening a shop, setting up a factory or starting a new business, by looking at the auspicious timings which are referred to as the Subh Muhurat. It is usually believed that if you follow these dates, your work will go smoothly and you won’t face any hindrances.

Setting up a business is a big task and many businesses have been forced to shut after they faced losses and were unable to operate. 2020 has been one of the most difficult years owing to the coronavirus pandemic. There have been job losses, factories were shut and people were shown pink slips due to the COVID-19 induced lockdown. As the economy shows signs of revival with respective states easing their restrictions, people are slowly starting their own businesses. Diwali 2020 Shubh Mahurat: Auspicious Time and Dates to Open New Shop, Office and Factory This Festive Occasion.

In case you are wondering to start your business, here are a few auspicious dates which you can consider in the month of December 2020:

Auspicious Dates For starting a new business:

December 5 2020, (Saturday)

December 9 2020, (Wednesday)

December 10, 2020 (Thursday)

December 11, 2020  (Friday)

December 17, 2020 (Friday)

December 24, 2020 (Friday)

December 27, 2020 (Sunday)

Here are some auspicious dates for Bhumi poojan:

December 5, 2020 (Saturday)

December 10, 2020 (Thursday)

December 11, 2020 (Friday)

So these are some of the auspicious dates which you can follow as per your convenience. Here’s hoping the day on which you plan to start your new venture turns lucky.

Categories
MSME

IIT Kharagpur Develops Portable AI-Based Device to Enable Automatic Inspection of Goods in MSME Sector

IIT Kharagpur
IIT Kharagpur (Photo Credits: Wikimedia Commons)

Kolkata, December 4: IIT Kharagpur researchers have developed a portable Artificial Intelligence-based device for automatic inspection of goods manufactured in MSMEs. According to a PTI report, the innovation will immensely benefit the micro, small and medium enterprises, which rely on manual checking and face losses when an entire batch is rejected if a few samples turn out to be faulty during random inspections, he said.

The research team, comprising Professors Surjya K Pal and Debashish Chakravarty, technical staffer Pravanjan Nayak among others, has filed a patent for the system, which will be made available to MSMEs to license the technology. MSME Employment Opportunities: Centre Plans to Create 5 Crore Job Opportunities in Micro, Small and Medium Enterprises Sectors in India.

How Does the Device Work?

The portable device will click pictures of products when set up on a batch of goods and send the feed to the AI-based software for quality control.

Professor Pal highlighted that MSMEs mostly rely on manual inspection, were a few samples are randomly selected and checked based on which the entire batch is accepted or rejected. This not only lacks effectiveness but also increases the cost of production.

The MSME sector, which employs over 10 crore people in the country and contributes nearly 30 per cent of India’s GDP and 50 per cent of export revenue, is still outside the ambit of industry-scale adoption of artificial intelligence and machine learning, Professor Pal further pointed out.

Categories
Startup

Bakery Business in India: 4 Innovation Tips Which Bakery Business Can Use to See Success Amid COVID-19 Pandemic

Bakery
Bakery (Photo Credits: Twitter)

Mumbai, December 3: The coronavirus pandemic has affected all businesses across the world. However, this was also the time when we saw a rising demand for healthy and delicious bakery items as people remained confined to their homes.

There has also been a spurt in bakery businesses which people started from home. We have listed four innovation tips which bakery business can use to see success amid the coronavirus pandemic. Restaurant Business: Here Are 4 Tips to Run a Restaurant Business Successfully Amid COVID-19 Pandemic.

Add More Healthy Ingredients to your menu: Consumers have realised that since the majority of the time they are now working from home, they need to give attention to their health. There has been an increase in demand for healthy and functional bakery items like products which consist of multi-grains, nuts and other healthy products.

Market your business on all social media platforms: In today’s age and day, consumers will come to your brand mostly via social media. Therefore, it is very important that you have enough presence on all these channels. Put beautiful pictures of what you bake, entice the audience with them.

Increase engagement with your audience: You need to remember one thing that now due to the coronavirus pandemic, physical contact has become very less, therefore virtual contact needs to be increased.  Stay in touch with your customers and interact with them to create a good brand recall.

Pay attention to hygiene and packing: Hygiene is one of the most essential things when it comes to food and it has become all the more necessary amid the coronavirus pandemic. Don’t compromise on the quality of the ingredients being used. The packing also needs to be professional.

 

Categories
Strategy

Companies More ‘Reactive’ Than ‘Proactive’ on Cyber-Security Issues, Say Experts

Firms are more 'reactive' to cyber security than 'proactive'| Representational Image (Photo Credits: Pixabay)
Firms are more 'reactive' to cyber security than 'proactive'| Representational Image (Photo Credits: Pixabay)

The operations and functions of various business organisations have undergone drastic changes over past several months owing to the restrictions and limitations imposed due to the spread of COVID-19 pandemic at a global level. More and more businesses moved towards the online and digital sphere as countries worldwide started to put month-long lockdowns. Given massive presence of businesses in online spectrum, cyber security experts are of the view that several companies still need to be more proactive in terms of strengthening their systems against cyber attacks.Small and Medium Businesses Disclosing Data Breach ‘Quickly’ Incur 40% Less Financial Loss: Report

Experts however believe that with the coming in Data Privacy Bill, companies will be directly or indirectly forced to adopt better measures to make sure that their systems are better protected from the external attacks. It may also strength the entire online infrastructure and operational activities. Studies show that ever since General Data Protection Regulation (GDPR) was launched in Europe, more and more steps were undertaken by the companies to ensure data protection and cyber security. 5 Ways To Protect Your Business From Cybercrime.

Talking about the issue of cyber-security, Arpinder Singh, India & Emerging Markets Leader, EY Forensic & Integrity Services said, “I think some organisations have been proactive and some organisations have been reactive. Reactive means they have actually had an incident and then they have run around trying to fix it, I think some companies have been smart, when someone has been hit, they have analysed that loss and then thought of protecting themselves. But that’s a slow process in the pandemic. Everyone has tight budget.”

The companies are currently more reactive to the cyber-security issues rather than being proactive. According to the experts, any firm will not be willing to enhance its cyber-security until and unless an external force breaks into its system. Given the magnitude of e-commerce activities being done, owners should be careful about protecting their data. They also stress on the need of training the employees both in the government and private sectors on data security and protection.

Categories
Startup

Restaurant Business: Here Are 4 Tips to Run a Restaurant Business Successfully Amid COVID-19 Pandemic

Restaurant
Restaurant (Photo Credits: Pixabay)

Mumbai, December 2: Restaurant business is one of the toughest businesses to break into. In spite of that, there are thousands of new restaurants are coming up every year. There is immense competition in this space and therefore there are certain things where attention needs to be given.

Restaurants across the country suffered severe losses as they had to be closed due to the coronavirus induced lockdown. Today, as the rules have relaxed and respective governments have allowed them to open, but there are several restrictions that need to be followed. Catering Business in India: 6 Quick Tips to Boost Sales, Attract New Customers & Stay on Top of Customer’s Mind.

We have listed a few tips which can help you to run your restaurant business successfully:

You should be a master at what you are selling:

You should know the food at the back of your art. Customers need to be served good food. No matter, how fancy your restaurant is and you may hire the best chef as well, but if your food is not up to the mark, customers won’t come to you.

Take care of hygiene:

This has become an important point more so amid the coronavirus pandemic. Take utmost care of frequently sanitizing the items and also the place. This will make the customers confident about visiting your place.

Take care of your customers

Along with providing good food, great service goes hand in hand. In today’s age and day, you can’t afford to make your customers unsatisfied. Treat them well, take care of their minute details, remember their special days and make their feel special. Remember, customers are spending money to avail your service, so you should be doing full justice to it.

Update Your Menu

With numerous cuisine coming into place and thanks to Youtube and other social media channels, today a customer is extremely educated and much more aware of different cultures. So, if you are planning to cater to a diverse crowd, it is very important to update your menu with new cuisines. This will not only add a new element but will surprise your old customers as well.

 

Categories
MSME

MSME Employment Opportunities: Centre Plans to Create 5 Crore Job Opportunities in Micro, Small and Medium Enterprises Sectors in India

future jobs
Job (Representational Image) Photo Credits: Picpedia)

Mumbai, December 1:Union Minister Nitin Gadkari on Monday stated that the Central government is planning to create 5 crore employment opportunities in addition to the existing ones in Micro, Small and Medium Enterprises (MSME) sectors alone.

He was addressing at 2020 Horasis Asia Meeting. Gadkari was quoted saying, “The government is planning to create 5 crore more employment opportunity from MSME sectors only. In the coming years, India will become the top automobile manufacturing hub in the world.”

He further went on to compare India’s manpower with China and said that our country has huge potential. The availability of young talented manpower, raw material and favourable Policy of Centre and State governments gives an excellent opportunity for investors to invest in India,” he added.

The government is working to increase the contribution of the MSME sector to the economic growth from 30 percent to 40 percent and also increase the MSME export from 48 percent to 60 percent.