How Data Analytics Can Improve Your Business's Decision-Making

How Data Analytics Can Improve Your Business’s Decision-Making

Business Data Analytics lays emphasis on intelligent decision making that stems from an in-depth analysis of a company’s past performance. The process itself involves using the hard data that specifically pertains to a company’s past practices and then analysing these to garner informative business insights that can boost future sales. Business Data Analytics has a broadly…

5 Reasons Your Small Business Needs A Business Plan

5 Reasons Why Every Small Business Needs A Business Plan

Most business owners have a notion that a business plan is solely for fundraising events. But they couldn’t be farther from reality. Bootstrappers in particular rarely think of a business plan as being important to their business’s survival. A business plan is like the underdog sibling of a great business idea. The truth of the matter is that the importance of a business plan is undermined and this shouldn’t be the case. Every business, big or small, needs to have a plan in place because it is so much more than just a fundraising tool.

6 Reasons To Opt For A Cashless Payroll Process For Your Small Business

5 Reasons To Opt For A Cashless Payroll Process For Your Small Business

Everybody is going cashless these days; from entire nations to industries and even your local grocery store down the road! Ever wondered why? The ease, the transparency and the efficiency, are just some of the benefits of going cashless. In fact, the Indian government recently even gave its nod to amend the Payment Wages Act for facilitating cashless salaries in the Public Sector and the Private Sector is clearly next. So, the next logical question is why are you as a small business owner not going cashless for your payroll processing? Every business owner knows that feeling when 24 hours in a day just isn’t enough to take care of sales, marketing, accounting and payroll responsibilities single-handedly! Use technology to ease your burden and use that time to focus on helping your business grow. Still unsure? Read on to find out 6 compelling reasons to switch from manual payrolls to a cashless payroll service.

6 Ways To Beat Your Business Competitors At Their Own Game

6 Ways To Beat Your Business Competitors At Their Own Game

Competition is the law of nature. Everywhere you look you’ll find competition, whether it be in your career or day-to-day life. It’s all about getting ahead at the end of the day. Nobody wants to fall behind, especially in a small business where you’ve put in blood and sweat to build it from scratch. So how do you make your mark in your business? How do you beat your competitors at their own game and emerge a winner? Get your running shoes on, because we’re here to let you in on foolproof ways to stay ahead in the game!

7 Tips To Successfully Scale Up Your Business

7 Tips To Successfully Scale Up Your Business

Congratulations on building a successful business from scratch! Your services and products are in demand and the profit margins are good. But what next? ‘Scale-up’ of course! For any Small or Medium Enterprise (SME), the growth of their business is measured by scaling up while maintaining its profit margins. Most small businesses are in a hurry to grow, but the key is to take baby steps to ensure that you have both the operational and financial means to get through the next stage of growth. So, how do you go about it? Listed below are a few pointers every small business should bear in mind before scaling up.

8 Cost Saving Ideas For Companies

There comes a time in every business when there really isn’t much cash left after paying your bills, employee wages and operational costs. So, how can you ensure that you have a substantial amount left in your account at the end of the month? Cost-cutting! But we’re not talking about cutting corners from an already tight budget or laying off your employees. We’re talking about practical ways like the ones below to save your business a substantial sum of money!

Would Apple Setting Up Shop In India Do Good For The SME Industry?

Would Apple Setting Up Shop In India Do Good For The SME Industry?

Tech giant, Apple Inc.’s plans to set up an iPhone SE manufacturing plant in Bengaluru is still in talks. The iPhone maker’s request for tax relief and exemption from customs duty on imported components and equipment for 15 years is being looked into by the Ministry of Commerce and Industry, and the Ministry of Finance. The PMO is expected to make the final decision about the proposal, though it is expected to be a favorable one. If Apple has its way, would it have a positive impact for the country and the SME industry in particular?