POST CATEGORY : Management

Empowering and Enabling MSME Businesses in India

Currently, there are more than 43 million micro, small and medium sized business enterprises (MSMEs) in India, employing about 40% of the total population. With its contribution to GDP of around 8%, these MSMEs are not only helping in financial development of the country, but also in improving the socio-economic status of the people.

MSME owners

However, at the same time, they are also struggling to flourish owing to certain challenges such as lack of accessibility to information and knowledge, inadequate intellectual property protection, insufficient training for employees, and lack of access to alternating funding avenues which can lead to shortage of working capital and under-developed business infrastructure.…

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How Can Small Businesses Optimize Financial Management

Many small business owners find managing their finances to be quite challenging. You might know how to deliver an exceptional product or service, but if you lack both the experience and knowledge in managing business finances, your small business won’t be as successful as you’d hoped it to be. The main reason financial management tends to be daunting is that it’s common for small businesses to make a financial mistake or end up falling into a financial pitfall.

Financial management optimization

These types of mistakes usually bring the worst types of consequences, mainly because even the smallest or the simplest of financial mistakes can have the potential to ruin your entire businesses if you let the problem go unattended.…

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Updating Your Resume: Signs It’s Time to Polish the Ol’ Skills

You’re back on the job market, sending out your resume to multiple jobs a day, but you’re not getting any bites. Frustrating, right?

It can be especially difficult to know exactly what’s going wrong – is it my cover letter? Do I have enough experience? Do they just not like my personality?

Writing resumes

Slow down a bit. Typically, the problem isn’t a massive personality defect. In fact, your problem might be something as simple as not updating your resume.

That’s right! Just like our social networks and our car registration, it’s important to make sure your resume is always up to date with your recent experience, your modern skills, and the most complete version of the current you.…

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Linked or Not? The Relationship Between Your Personal Finances and Business Opportunities

Got the ball rolling about starting your own business but not sure about the money involved? You’re not alone. More than four in ten Americans worry about finance and cash flow when it comes to their new business, based on the market survey by Capital One. Given the numbers, it’s reasonable to question the link between personal finances and business. So… does your personal finance affect funding a business and business opportunities or not?

Personal finance to fund a business

Personal Finances as your Bedrock

It is no secret that the quality of life you have is greatly determined by the health of your personal finances. When you have bad credit, it affects several aspects of your life like housing, utilities, and even your insurance premiums.…

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4 Morning Routine Habits for a Productive Day

You may not realize it but the choices you make in the morning set the tone for your entire day.

Are you starting your day with productive habits that encourage activity throughout the day? Or do you spend your mornings sipping a cup of coffee scrolling through your phone?

Morning routine habits

Include these four habits in your morning routine to get your mind right for the day ahead.

4 Habits to Optimize the Day Ahead

You don’t need to reorganize your entire life. Just make a few small tweaks to scale your productivity today and every day.

1. Take Your Grooming Seriously

Your appearance can have a profound effect on your productivity throughout the rest of the day.…

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How To Better Strategize For Your Small Business

Starting a small business isn’t easy, but can be made less confusing with the right strategy in place for success. Below are a few simple ways you can properly plan for the growth of your business and avoid common issues that might arise with ineffective strategizing.

Building business strategy

Be Organized

Begin strategizing for your small business by first getting organized, whether that be with your physical space and office setting or simply with the way you function throughout the day. A great way to start is by creating a daily list that you can look to for any necessities that you need to get done throughout the day.…

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The Importance Of Good Communication In Your Business

Getting the message out is a major problem for a lot of companies. Strangely, the biggest problem is not that a business cannot produce enough content, but that it sometimes loses track of its content.

Good communication

This basic communication issue can create a lot of chaos, especially when it comes to establishing the entire thrust of the content. Not only does this mean that departments may release content without coordinating with other departments, but that the timing can be off for some of their messages. As such, finding a way to coordinate content development and release schedules is of paramount concern to any business looking for success.…

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3 Ways to Improve Your Business’ Online Flexibility

Around 67% of businesses now offering a flexible working arrangement, allowing their staff to work remotely, set their own working hours, and compress their working weeks into fewer days. Flexible working schedules can hugely benefit staff. One survey showing that 73% of staff saw increased work satisfaction while 78% agreed that the system made them more productive. Other studies suggest that it can also reduce stress and improve mental health.

Remote employee working

But in order to successfully implement a flexible working strategy, employees must have the tools to work efficiently outside of the office. Staff will need access to data and be able to perform their tasks, as well as communicating remotely.…

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A+ Business Communication Practices

Five-Star Communication Practices

Good business communication

Communication means everything in the modern world. It’s particularly important for professionals who want to thrive in their careers. It doesn’t matter if you work for a small or a big company, either. You need to make top-notch communication practices one of your biggest priorities. Period. It’s not difficult to be able to pinpoint strong communication methods either.

Pure Honesty

A+ business communication is both honest and transparent. It doesn’t involve guessing games, hiding behind masks or anticipating what others will do or say. If you witness a business conversation and notice that it flows in a natural manner, that’s a positive sign.…

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How Businesses Can Promote Greater Workplace Safety

Promoting workplace safety should be a priority for any and all businesses. It has been estimated by OSHA (the Occupational Safety and Health Administration) that overall, businesses pay about a billion dollars a week in workers’ compensation.

Workplace safety

How Can a Business Make a Safer Workplace?

In order to improve safety and reduce the need for a personal injury attorney, you may want to consider the following strategies.

1. Have a Plan

In order to make the most of any safety improvement promotion or tactic, you need a long-term safety plan. Without one, your efforts will be hard to track and structure.…

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