Credit Guarantee Fund Scheme For Micro & Small Enterprises – Meaning, Features, Pre-requisites, Benefits, Duration, Process
A bankable business idea remains a mere idea without the necessary guidance and funds. It’s a known fact that India is growing large in terms of economic development and business entrepreneurship, witnessing more than six crores of micro and small enterprises under the organized as well as unorganized sectors. Micro, Small, and Medium Enterprises hold an...
All about Joint Ventures in India
Every entrepreneur looks for opportunities to increase its market reach and generate higher revenues in a short amount of time. While some may consider options such as acquiring a competitive business or business mergers as permanent solutions. Although, businesses looking for temporary solutions for business growth, may also consider entering into a joint venture. A...
Government Loans for Startups and businesses in India – Meaning, Schemes, Eligibility, Factors, Documents Required,
The Nasscom report for the year 2018 titled “Indian Start-up Ecosystem 2018- Approaching Escape Velocity,” stated that India has the third-largest number of start-ups in the world. Undoubtedly, the start-up ecosystem is growing and thriving in the country with more than 65000 start-ups registered under the Start-up India Scheme with already 100 start-ups reaching unicorn...
All about Profit & Loss account for Startups
If you’re an entrepreneur looking to start a business of your own or to seek finances for your venture, you may probably be worried about the accounting& book-keeping involved in the process. However, it is not as hard as you might feel. You will be needed to familiarize yourself with certain important concepts, and one...
Ways to conduct Consumer Research
Start with the existing data: The very first step of the consumer research is data analysis. You should need data for conducting consumer research, to identify their needs and wants, to identify their tastes and preferences, to analyse their buying behavior, etc. It can be obtained from any medium such as online or offline but...
How can you select the right Business Model for your Start-up
We have heard multiple time that this business model it is good or that one is good but we don’t know that which one is exactly good for us? Does the same thing happens to you? If yes! Then don’t worry, in this article we will help you to develop a fabulous business model. What...
How a startup creates a insightful customer feedback system
We have heard a lot about feedback mechanism and number of times we have also given feedback knowingly or unknowingly. When you rate someone on google play store or any social media platform that too is the part of customer feedback. Does your business also have feedback system? If not then don’t worry, in this...
How to manage your Competition as a Startup
Competition management is the process of analyzing and evaluating the competitors and their strategic moves to gain competitive advantage over them with a motive of acquiring larger market share, customers, vendors, product/service improvement, launching new value added products/services, etc. In other words we can say that it is a process of formation and implementation of...
Mudra & MSME Loans for Start-Ups – PMMY Scheme, Schemes, Eligibility, Purposes, Benefits, Fiscal Incentives
MSMEs are known as the backbone of the Indian ecosystem due to their strategic role in nation-building through wealth generation, creation of employment opportunities, and harnessing of local talents which in turn plays a pivotal role in contributing to the GDP of the Company. India is home to more than 65000 start-ups registered to date....
How to understand and analyze your Competitor’s strategy
Strategy is a plan to achieve short term as well as long term organizational goals of an entity or organization. It can be made for anything such as for sales, marketing, procurement, distribution, etc. In other words we can say that the business plan which you adopt to acquire market share, to boost your sales,...
