Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector.
It is important to understand and prioritise key points, as listed here, which can be helpful in a smooth and successful business transition, post the lockdown.
A great support from the franchisors and a minimal amount of investment gives wings to aspiring entrepreneurs and allows expansion with minimal capital investment on the part of the franchisor.
Small business owners could use technology to leverage limited capital in smarter and effective ways, bringing natural progression to their businesses.
The growing popularity of options like email and digital marketing might be the result of a regular experiment by franchisors and entrepreneurs in order to use the internet as a medium for promoting their brands among the masses.
Keeping the current scenario of the Indian business market, it has become necessary to grow a small business into a larger one, for the survival and economic well-being.
Despite being a labor-intensive industry, it requires less capital to start a small scale industry. Therefore, a lot of small entrepreneurs wish to start a small scale industry of their own. This article aims to elaborate five essential steps to start a small scale industry in India.
From initiating the business till the next big collaboration, everything depends on the way how you present it to the customers, investors and other big brands.
Are you not bored of your monotonous 9-5 job? It is time to quit your boring job and turn your hobbies into fruitful business with these trending ideas.
