MSMEs (micro, small and medium enterprises), loans chiefly help new enterprises as well as small business owners. The loan duration and the interest rate vary from lender to lender, and depend mainly on the profile of the company. These are unsecured business loans and are provided by both banks and NBFCs. However, one must meet …
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Starting a business in India is always challenging, regardless of your age. Entrepreneurs of all ages must contend with the negativity of well-intentioned friends and family members who believe they will go bankrupt if they pursue their entrepreneurial dreams in India. Additionally, we must overcome self-doubt and anxiety, as your ambition of creating your business …
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According to the NASSCOM report 2016, Indian stood number 3 with more number of startup companies. Another survey conducted by Randstad in 2017 found that 83% of Indians showed interest in making their own business. Among that 72% of them belong to the age group 25 to 34 years. From these statistics, it is understood …
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MSMEs play an important role in augmenting the overall economic growth of the country. Whilst, promoting inclusive development MSMEs contribute towards driving the growth of various other sectors as well. In India, MSMEs constitute a wide network of around 63 million independent units. The contributions of these medium and small scale enterprises in increasing the …
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Every year, thousands of ambitious businesses take a kick start. But sadly, only a few survive and thrive for growth. A vast majority of businesses shut within a few years of their inception. Owing a business appears very appealing but in reality, it requires overcoming tons of challenges. Running a business and turning it into …
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Heading towards the path of entrepreneurship isn’t an easy task. Starting a business is rewarding but making it run for a long is daunting. Being a business owner you come across countless challenges. With every new day, comes a new challenge. And every obstacle that you encounter on your path requires an urgent rectification. Regardless …
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Having a passion to become a business magnet does not alone take you to that level. Don’t think we are discouraging you. But you need to understand a few basic financial management tips in your day to day business to sustain and succeed in business. We are glad that you see your zeal in becoming …
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Statistics confirm that only 5 % of the business startup in India succeeds. 90% of them fail and 50% fail within the first four years. This will certainly be a threat factor for all of the dreaming entrepreneurs. But, you can always part of the 5% business owners who succeeded. Increase that to 90%, by …
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Business loan interest rate is an important aspect that every borrower considers before opting for a loan. In fact, for most of the borrowers picking the right loan comes down to a single factor- interest rate. Interest rates largely hit your loan terms and future business needs. Thus, determining the rates and getting a clear …
Read moreStarting a business is just one step. Being successful gives you happiness and pride. But, does it stop there? No. You will start feeling pressurized to keep the momentum on. Also, you would want to expand your business once you start looking at its success. Expanding a business is a great thought. But, you are …
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No matter what segment your business belongs to money will always remain an imperative element. Any business that is scaling up or extending its services will need to arrange finances for its uninterrupted expansion. Many small businesses today seek financial assistance by opting for a business loan. Considering, the current scenario business loans are the …
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A warm welcome to all entrepreneurs! Setting up a small business is the first step to make your entrepreneur dream come true. Yes, now you have made up your mind and you have a vision too. Will that alone suffices to start a business? Certainly no, you need a space, manpower, inventory, and working capital …
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