The 5 ‘Isms’ Hindering the Growth of Small Businesses in India
Small businesses play a significant role in economies of the United states, Germany and other countries of western Europe. Small businesses are the backbone of these economies and contribute 46% in USA and 50% in Germany. Whereas small businesses are a neglected segment in India. This neglect is not because of lack of opportunity but […]
Introduction to the Concept of Business Clusters
Business cluster is a group of firms, from same industry connected together in close proximity. They are the key to sustained growth, jobs and economic impact […] Continue reading
An Ode to Small and Medium Entities – Time to Change our Perceptions
In India there is a craze for big things – big cars, big buildings, big budget movies….we get carried away by these terms. Job seekers are more enthusiastic to join only big companies and they don’t mind taking up small roles in big companies, rather than having a prominent role in SMEs. Even people want […]
How Professional Are You?
The word that is very often used in the world of management is ‘Professionalism’ or ‘professional’. When we question ourselves, “Am I professional?”, although most of us answer ourselves with a reflexive “yes”, we should truly know what is ‘True Professionalism”. As given by David H. Maister in his book “True professionalism”, True professionalism means […]
India, Especially Hyderabad, an Unfriendly Place for Professional SMEs
Small business owners in India are struggling to run their businesses due to many barriers and hurdles. Entrepreneurs are frustrated and are not willing to start or grow their small businesses. Reporting, licensing and compliance on various things like yearly audit of income tax, service tax, VAT, TDS, reverse charge mechanism and many more is […]