Small Enterprise - August 2021

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Dear Readers,

Today the emergence of non-bank/FinTech startups is shifting the competitive landscape in financial services, compelling conventional institutions to redefine the way they do business. With the increasing data breaches and intensifying privacy concerns, regulatory and compliance needs have become more restrictive.

There are many banking industry challenges that can be resolved using technology that’s caused this disruption, but this transition from legacy technologies to innovative ones hasn’t always been an easy one. In fact, banks and similar institutions need to embrace digital transformation to survive and thrive in the current landscape.

This edition will enrich you with the most updated banking tips and policies of the Indian Government given the COVID time. You will also have an interesting and healthy mix of tips to avoid rejection for business funding from banks and investors, save on financing costs, retail banking, avoid financial threat on your business, and many options to fund your business. We have also covered automation in banking, how to attract investors and how an SME credit rating can stabilize businesses.

Read on other regular topics on Technology, Mentoring, Women Entrepreneurs and Success Stories.

Happy Reading!

Editor In Chief

HOW 2021 IS SHAPING THE CRUCIAL DRIFTS OF SME BANKING INDUSTRY?

In the coming years, banks will need to continuously improve their technology to match the needs of the markets. In the future, SME banking will be the biggest trend in the financial markets. Some of the biggest matters relating to SME business operations include the opportunity to run sustainable units. These sustainable banking trends are being designed to serve smaller businesses globally.

5 mins

HOW CAN BANKS ASSIST SMEs IN THESE CHALLENGING TIMES POST- COVID?

With the current pandemic affecting the global economy, financial institutions and banks have started navigating to the post-COVID- 19 strategy.

5 mins

What Is The Future Of Automation In The Banking Sector?

As the automation wave has increased in the banking sector, its capacity has increased and now the employees have more time to focus on bigger value projects. This opportunity should be captured by the banks to take a strategic approach rather than a tactical approach.

5 mins

SIGNIFICANCE OF EMBEDDED FINANCE IN PANDEMIC STRICKEN ECONOMY

The banking and financial services for many Indians have shifted to digital post-pandemic. As per the leading company Forrester, even before the pandemic, 59% of the Indians were open to accepting a digital-only bank. This trend has become more widespread after Covid and financial services are now moving towards a digital platform.

5 mins

MANAGING DIFFERENCES AND CONFLICT RESOLUTION A SKILL MUST TO BE DEVELOPED IN FAMILY BUSINESS

Longstanding family conflict can bring a family business to its knees. It saps energy and happiness and holds back the business from functioning optimally. The first step in resolving longstanding conflict is recognizing that the consequences of avoiding an issue are worse than the emotional discomfort of discussing it. Let us look at an example of a family that succeeded in resolving longstanding conflict.

8 mins

ROLE OF EMOTIONAL INTELLIGENCE IN ENTREPRENEURIAL JOURNEY

Emotional intelligence, in a nutshell, is the skill of detecting and understanding emotions in others as well as oneself. Emotional intelligent people are generally good at managing their own emotions and helping others manage theirs.

4 mins

10 TECHNOLOGY TRENDS FOR SMALL BUSINESSES

Some people in the old days (1960-1990) watched sci-fi movies and read sci-fi books to only get entertained. They also believed that those technologies would forever remain caged inside those books and never come to life.

5 mins

5 REASONS FOR INCREASE IN ON-DEMAND APPS POST PANDEMIC

With the pandemic, many of us are stuck indoors and this has impacted the mobile usage trends as well. This has resulted in a surge in the usage of on-demand mobile apps.

5 mins

Top 8 Most Common Legal Mistakes Made By Startups

It is not a piece of cake to set up a startup. It needs quite a bit of effort and resources to create a successful business idea and commence its operation.

4 mins

GREAT TIPS TO ATTRACT THE RIGHT INVESTORS FOR YOUR BUSINESS IN 2021?

Many of the businesses require new investors for launching their start-ups or for scaling their businesses. There are many ways of approaching this fundraising. The companies that need fundraising also get the attention of those who have the capital so that they can get to another level.

5 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.