Small Enterprise - May 2019

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As a small business owner, you may have dreams of your company becoming the next Amazon or Apple, or you might be content making a splash in your local community. Either way, you may wonder how you can make it against large companies that seem to have the people and resources to do the things you can't do.

Businesses of all types and in every sector are capable of significant growth. The constraining factor often isn't the business model - it's the ambition and capability of the owner-manager, although it may take longer to grow in some sectors and some business models can be scaled more quickly than others.

In this issue, we focus on making your small dreams gain wings to grow big. Hence the cover story of this issue is “Small to BIG – Challenges of Growth”. There are a lot of intangible obstacles that small businesses face during the journey of growing and upgrading. A lot of them fail because they don’t know how to respond well to competition on the global/national front. When small businesses grow big, balancing quality and growth is a huge challenge. Added to that, there are always cash flow management issues. In this issue, we take a look at all of these challenges and a few ways of tackling them. You will read about smart business partnerships, factors and skills that are catalysts for business growth and how small firms can compete with big businesses. Also on your read is an article on smart living in India.

This month end, on 29 and 30 May 2019, we will be organizing the 3rd Annual Startup and SME Pitch, Awards, Conference and Expo – The AEONIAN 2019 and Small Enterprise Business Awards 2019. Over 2500 entrepreneurs have registered to attend the 2 days mega gathering of SMEs and Startups at the St.John’s Auditorium, Bangalore. The finalists are announced and count down has started to biggest Startup and SME event!

Do write back to us because we’d love to know your thoughts and opinions on this issue.

How Small Firms Can Compete With Big Businesses

In this vast and burgeoning business world where big brands take the centre stage, small businesses face the challenge of keeping up with them.

4 mins

9 Tips To Shift Your Small Business To A Bigger League

The aim of any business, in its nascent state, is to make money for ‘paying bills’ and enjoying the reward of success as a vacation.

5 mins

7 Killer Growth Strategies For Small Businesses

Starting and sustaining as a small business is actually cumbersome in today’s tough economy landscape.

4 mins

Key Factors That Influence Business Growth

Every business starts from zero and slowly makes its way up the success ladder. Right from the start, a lot of factors, both within and outside the organisation play an important role in shaping the business. While some matters may seem irrelevant, they still tend to affect your business venture in some way. These growth factors depend on the stage of growth that your business is in. Therefore, you must continuously review your business growth, investments, progresses and end results.

3 mins

TOP SKILLS FOR ENTREPRENEURS TO GROW BIG

Starting a business takes a lot of courage. It is a greater challenge to stay on and consistently grow in it. An entrepreneur who starts or builds a business is susceptible to greater risks than any employee. Financial risk, career risk, emotional risk and overall business risk are all a part of the game. As there are so many types of risks involved in becoming an entrepreneur, there are some specific skills that go a long way for a successful business.

4 mins

Smart Ways To Use Debt To Succeed

Could you ever imagine that debt and taxes can make smart entrepreneurs rich? It is not about career opportunities, earning potential or being rich or poor, it is purely financial education. Why do you think some businesses take huge amount of debt and are easily avoiding taxes legally and ethically, while others constantly struggle with it? Get to know how they do it and avoid any loss due to ignorance and pave your path to success, consistently and efficiently.

3 mins

6 Innovative Ideas To Get Your Small Business Noticed Immediately

Kickstarting a business is tough and getting it noticed is tougher! It requires the right marketing strategy and exposure to multiple media platforms. When we talk about media coverage the most traditional ones include TV, paper, and magazines. When you opt for TV, air time is not cheap, or easy to get access.

4 mins

Smart Business Partnerships

A lot of business owners, be it small or large scale businesses, are hesitant to enter into business partnerships, as they believe it to be the kiss of death! But this is a myth and if done right, business partnerships can be highly profitable for the company involved.

3 mins

How To Make Money From Your Business Assets

In this tough economic scenario, diversifying your income source to generate more revenue is of the essence. The best and minimum risky way to catapult your business revenue is by making the right use of your assets and other resources. Here are some of the tips that can help you increase the influx of income for your business without investing much to execute it.

3 mins

10 Tips For Getting Referral For Your Small Business

Getting referral and word of mouth could be the most effective, safest and secure way to grow your small business to a bigger one.

6 mins

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Small Enterprise Magazine Description:

The highly informative online repository for the micro, small and medium enterprises (MSMEs) in India, ‘Smallenterpriseindia.com’, is dedicated to provide current news and related information from the medium-sized business economy to the SMB fraternity on a daily basis. ‘Smallenterpriseindia.com’ online business news portal facilitates direct exchange between the large networking of the Indian SMB community and other entrepreneurs in the small and medium-sized business segment, connecting them to opportunities available domestically and globally.

‘Smallenterpriseindia.com’ is a functional professional training cockpit for the entrepreneurs which expands the comprehensive audience and complement the complete package. The portal is a repository of verified reliable professional information, providing support through useful working tools as well as online campaigns, seminars, road shows and live trainings on trend issues and important reforms. We focus on in-depth coverage of the Indian small and medium businesses, success stories, case studies etc, enabling the target audience to communicate, collaborate and understand the industry, market as well as opportunities available locally and globally in a better way.