New Ventures’ influence on the Growth of SME Employment, Production and Exports in India: Does Institutional Credit matter?
New ventures are considered to be a major source of small firm growth. In Indian context the contribution of new ventures in terms of new employment, production and exports has largely remained unexplored. It is equally important and unexplored, the significance of the contribution of bank credit to the growth of new ventures in India. This paper is an attempt to throw light on these two aspects.
My First Day as an Entrepreneur...
- By e-mail from Veera Mavalwala
The First Milagrow Entrepreneur...
-an e-mail from Veera Mavalwala
Here is an email we received recently from one of the Milagrows.. It represents our entrepreneurial spirit
Dear Friends,
I am very happy to inform you that Milagrow has its first Entrepreneur!
Today I 'retire' after 42 years of service but not from work! I have decided to fulfil a dream of mine which has been 'resting' for a long time but now I think is taking shape - a friend of mine and I are starting an Academy or a 'finishing school', primarily focused on training Executive Assistants of CEOs, MDs and Company Directors. The training will also include Personality Development, Grooming and other related aspects. We will be based in Delhi and hope to commence classes from 1 May 2009. I will keep you posted.
Please do keep in touch. It has been great working with all of you and I pray Milagrow grows to greater heights and Rajeev remains a 'Role Model' for all past and present Milgarowites!
Thanks Rajeev and Shobha for your inspirational and kind words today. All the best!
The Journey from a Distributor to a Brand
Lessons learned from a distributor who ventured to launch his own brand....
- Contributed by Akash Kumar, Sales Buddy
Recently I was handling one of our clients (let us call it Ram Pvt. Ltd.) from the IT hardware industry. They were into IT networking products, under which they were mainly focused on IT networking cables i.e. CAT5E, CAT6, CAT6A LAN cables and Fiber networking cables. It was interesting to work with this client due to two reasons. First, Ram Pvt. Ltd was the only Indian company that had a presence in this specific product category. They were competing against MNCs who were having a stronghold all over the world. Second, they were changing their image from Trading Company (Distributors of MNCs brand) to a branded company with their own global brand.
While handling this client, I came across a number of new challenges which I feel that one can learn only through experience. Based on my learning, I am presenting those precautionary steps which a distributor firm must take before launching their own brand.
The Entrepreneurial Flame
by Sarath Srinivasan
Ten years of excellence!
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It's trendier and easier to build your own startup
Many individuals consider themselves ‘born entrepreneurs’. They may work regular jobs and earn monthly pay cheques but deep down, believe that they have what it takes to strike gold some day. Add to this the fact that today, it’s trendier, easier and infinitely more desirable to build your own startup.
How start-ups can survive the credit crunch
The current financial crisis is rocking the business world, but start-up businesses have a special challenge: how to keep growing while trying to stay afloat.
With that in mind, here are some tips to stay ahead of the game during the financial crisis. While this list was written for the US publication Cnet, some of these suggestions will no doubt apply to you and your business.
1. Don’t rely on advertising. If your start-up relies heavily on advertising revenue, don’t exclusively expect it to keep your business afloat. When there’s less consumer spending, advertising declines, so make sure your contracts are sealed and you have a plan for the months ahead.
2. When searching for revenue, you may want to consider selling to businesses. While it’s harder to sell to businesses than individual consumers, you’ll be rewarded with slower churn and predictable margins. Make sure your sales team is up to scratch!
Problems faced by Start ups
Contributed by Sashank
