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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 […]
Professional SMEs Vs Traditional SMEs
Most people in India assume that small and medium entities means small or mid sized manufacturing units or retail stores. But in fact, not all the SMEs are traditional manufacturing or retail stores. They are many professional small and medium entities that are different from traditional SMEs. Let’s see the difference to rightly understand how […]
Small Not Big Businesses Help Hyderabad City Neighbourhood Economies Grow
Small businesses are major players of job creation and strengthening the backbone of the economy in the various neighbourhoods of the Hyderabad city. They are the fastest growing segment of working people and they play an important role in developing neighbourhoods in the city. Here we are talking about professional small businesses not traditional businesses. […]
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 […]