Various businesses have opportunities to include and support franchises. Amul is one company that has brought business opportunities for entrepreneurs. The company was founded in 1946 and is one of India’s most popular household brand names. Amul has had a strong presence in the dairy industry since its inception. It has been able to carve …
Read MoreStarting a new business venture boils down to raising the money required to build a business. Many startups and even small business owners don’t have cash at their disposal. In this type of funding, the venture capitalist invests their money in a startup company. Even though it is a risky type of investment, the returns …
Read MoreWhat is the Role of MSME in India? It would not be an overstatement to say that the Indian MSME sector is the backbone of the Indian economy. The MSME sector has worked relentlessly to protect the country’s economy in the face of various global crises. Several potential adversities caused by external factors have been …
Read MoreThinking of starting a dealership business in India? Look no further! We have outlined the most straightforward ways to help you become a dealer. Undoubtedly, equipping your mind with dealership business ideas is a rewarding career that requires minimal cash and overhead expenses. However, a few vital factors need to be considered to ensure success …
Read MoreIntroduction Micro, Small and Medium Enterprises (MSME) continue encountering hardships in getting business loans, particularly converting trade receivables into liquid funds. To mitigate the hardships faced by MSMEs, RBI came out with a concept paper on “MSME Factoring-Trade Receivables Exchange” and created an Institutional Structure called M1xchange to finance trade receivables. In addition, RBI granted …
Read MoreIf we need a loan, the first step is to approach a bank or a non-banking financial institution. The bank decides the rate of interest on loans based on our credit score, loan amount, and duration of the business loan. To borrow funds, the bank needs to have adequate reserves available. When the bank is …
Read MoreA handicrafts business is a lucrative business idea to start your entrepreneurial journey. However, even if you have some of the best products, starting and running a profitable plan can still be difficult. Also, if you are a beginner, setting up a new business in an already competitive market can be daunting. But the good …
Read MoreThree significant challenges faced by Indian SMEs in 2022 SMEs account for a sizable chunk of Indian enterprises. According to reliable sources, nine out of ten enterprises in India are small businesses. SMEs play a crucial role in the development of trade and industry. The small business units are also responsible for employment generation across …
Read MoreThe effectiveness of planning and management depends on an accurate estimation of the working capital requirement. A precise assessment of the amount of working capital required is essential for excellent and effective working capital management. This is true regardless of the planning exercise that was performed or the control mechanism that was chosen. This article …
Read MoreIntroduction A current account is the kind of bank account that allows an individual or a business to conduct a high number of monetary transactions every day. A Current Account can be opened as well as administered by a single individual, a group of people, or a company. There is a difference between a Current …
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