In the last few years, major economic, health, and political crises have disrupted supply chain management systems like never before. Activities like shipping were highly impacted which resulted in shortage of raw materials, delay in production, and so on. Although...
A strong business is one that can overcome any crisis and economic shock. While big businesses find it relatively easy to steer their operations through economic meltdowns, MSMEs often struggle to survive the crisis. Challenges faced by MSMEs in India are many....
There are more than 50 building raw materials that go into the construction of a structure. Ranging from sand to steel, construction building raw materials are one among the most used materials in the world. This is because the construction industry has exponentially...
One of the key challenges that MSMEs in India face is shortage of funds. It adversely impacts the company’s growth and expansion plans. In such situations, MSME business loans can help fulfil the company’s aspirations. There are various kinds of loans available for...
It is without doubt that logistics plays a vital role in the success of any business. India’s logistics sector is worth ₹16.125 trillion in value and is expected to reach ₹24.75 trillion by 2025. However, these figures fail to capture the logistic challenges that...
Numerous businesses apply for government tenders every year and win tender bids. While all businesses are invited to apply for tenders there are some general and specific eligibility criteria that businesses must meet. Studying the eligibility criteria for government...
Whether you are seeking an MSME loan for your new business or the existing one, you need to analyse your business requirements. Evaluate what your needs are and what is the investment required. There are government MSME loan schemes and bank loans than can be availed...
If you are running a business, then you know that there is no fixed formula for success. There are different strategies that can be put into practice. So, what are the growth strategies of a company? There are several factors that can define growth for MSMEs. Having a...
Table of Contents Overview Impact of COVID-19 5 Top challenges Poor cash flow Low credit score Higher cost of raw material Ineffective marketing Technology related challenges The Micro, Small, and Medium Enterprises (MSME) sector is considered to be the backbone of...
Table of Contents Social media marketing services Tours and travelling Be a trader of healthy food items eCommerce Homemade food Interior designing Franchise Fitness Centre Insurance agency Party organiser/event planner Financial consultancy Recruitment agency A...
While applying for any business loan, one of the key requirements is a good credit score. Along with other documents, banks and NBFCs check for the applicant’s credit score before approving the loan. Therefore, one question that every loan seeker asks is: ‘What does...
Procurement encompasses the fundamental process of acquiring goods and services. But a Procurement Strategy transforms this into a sophisticated, long-term plan. This plan goes beyond securing basic transactions. It defines how your business will strategically source...
