Introduction Small and medium businesses are the backbone of the country’s economy. Setting up a business is a long and tedious process. There are many factors that come into the successful setup of a new business, like capital generation, securing a business loan, company registration, etc. But do not worry anymore, as Flexiloans is an …
Read MoreIndia has approximately 42 million small businesses, both registered and unregistered. However, operating a small business comes with its own set of worries, and getting a loan for your business is one of them. Micro, small and medium-sized enterprises (MSMEs) frequently rely upon loans from banks and non-banking finance organisations to address various business-related concerns. …
Read MoreAbout 82% of small businesses fail due to lack of working capital management, financing options and the lack of knowledge of its importance. Therefore, it is safe to say that having enough cash flow ensures that MSMEs survive far longer than their counterparts with no working capital. But how does a business make enough money …
Read MoreVarious 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 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 …
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