The importance of having a business mentor has often been undermined by many of us. In the modern day business environment where competition has taken a front seat, it becomes all the more necessary to find yourself a suitable mentor who will advice you and guide you through the maze of corporate warfare. Who is a Mentor? Sometimes, we tend … Continue reading
Many people consider becoming entrepreneurs for varied reasons. Before venturing into business it is important to be aware of the associated risks. This will definitely help improve the chances of succeeding. As in life, in business also, entrepreneurs need to take risks. The challenge is to anticipate pro-actively all possible risks to emerge as financially successful, reputed, efficient and long … Continue reading
Small businesses are job and opportunity creators. In brief, they are the drivers of any economy. Supporting them is a necessity to boost any economy. Small business myths have to be busted to promote small businesses. Starting a small business requires hordes of money– Working in the evenings on the business and keeping the day job is an ideal solution … Continue reading
Whether a start-up or an existing small business, they have realized that modern technologies empower them to be on the same platform as that of medium/large enterprises or the multi-national companies. Though some SMB’s are reluctant to introduce technology in their enterprises, many start-ups have shown interest in leveraging the latest technology to cut on the IT operational costs and … Continue reading
Today’s small and medium businesses (SMBs) are technology hungry. Realising the benefits and value technology can bring in to their business, SMBs are embracing advanced technologies at a rapid pace, and are spending big time on their IT infrastructure. They are constantly looking for customized solutions and products suitable to their business needs. Increasing IT spend by SMBs is a … Continue reading
“We have to work diligently to compete with the big box stores and the malls. All we ask is that the holiday shoppers not leave us out. It’s a chance for neighbors to support neighbors,” – Mary Ardapple, owner of Apple’s Bakery, Knoxville Ave, Peoria. Small Business Saturday is a national movement that was launched by American Express in the … Continue reading
Starting your own business in the United States of America is easier than elsewhere in the world. America encourages new entrepreneurs to start their enterprises by providing them with an attractive self-employment program, small and medium business (SMB) loans and business counseling. The current government has announced incentives to all start-up businesses by waiving off the taxes and supporting them … Continue reading
“SMEs will have to adopt HR best practices in order to grow. It is the entrepreneurs who will have to take his/her employees along and make them an integral part of the enterprise through such best practices.” Arvind Joshi, president – human resource, Dishman Pharmaceuticals & Chemicals Ltd. Small to medium businesses are the back bone of any economy because … Continue reading
“Be paranoid about data. You can buy new boxes, rebuild the systems, reinstall software etc., but you cannot rebuild lost data” – Steve Burrows, IT director of Vanilla Group state in a column for Computer Weekly. Any small to medium enterprise that is not willing to invest in data backup is at risk of losing their data. Losing important information … Continue reading
Love it or dread it. Right brain or left. Waste of money or revenue generator. Marketing is always in question. Should we do it? Why isn’t it working? How much should we spend? Can we even afford it? Why do others do it so much better? The answers are actually quite simple. Unfortunately, too many people get easily confused over … Continue reading
