THE PERILS OF A 21ST CENTURY WORLD

A surging economy Despite a sea-change in the Indian economic scene since 1991 and the partial liberalization of the Indian economy by late Shri. P.V. Narasimha Rao, one of the most under-rated Prime Ministers of India, a lot of the socialist mind-set rem...

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IPR “Reverence” not just “Relevance” must be ingrained into every SME!

IPR’s Relevance is easily understood, at least in some measure by every business big or small but its Reverence is hardly felt if at all. I feel as regards the importance of IPs and IPRs the correct word to be used is “Reverence” instead of “Relev...

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DOES A GOOD SOLDIER MAKE A GREAT GENERAL?

A lot of people think they do! At least, among many of the MSMEs I have worked with and dealt. And that leads us to a fatal flaw in so many entrepreneurs who seem to think that there are certain areas of business which require very little thought. The sam...

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HOW TO DEAL WITH BANKS – A PRIMER FOR MSMEs

Those who give you life can also take it away If you are an MSME, the only source of credit is probably from the Banks. There are other sources of credit which are fast becoming available now. Maybe, in another 5 or 10 years, this scenario will completely...

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CUSTOMER-CENTRIC COMPANIES – WHEN 2 +2 = 22

Who is not a sales person? If the goal of every company is to ensure profitable revenues, then it follows as the night follows the day, that each person in the company ought to be playing a role in selling profitably. If some employees are incapable of pe...

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HOW TO START UP WITHOUT GETTING SUNK

Who are we talking to? There’s a whole lot of advice floating around for would-be entrepreneurs which are simply a re-hash of what some American is saying. There is also a whole lot of stuff advising people about Start Ups, which it turns out basically ...

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Reflections on Current Policy Issues Facing the Indian Economy

By Shri Shaktikanta Das, Governor, Reserve Bank of India – Delivered at the Investors’ Roundtable, 9th Vibrant Gujarat Global Summit 2019 on Friday, January 18, 2019 (Source- rbi.org.in) I am very happy to participate in the 9th edition of Vibrant...

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HUMAN RESOURCES AND MSMEs

As India moves into the 21st Century and we talk of consistent 8% + growth to elevate us to the ranks of a great power in the next 20 to 30 years, not enough attention is being paid to MSMEs which are going to be the bed-rock on which that rise will take ...

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TRANSFORMING THE MSME EMPLOYEE – THE HOLY GRAIL!

Not the best material to start with It is a fact that young men and women who come for employment to MSMEs do so, not so much as a matter of choice but because they perceive they have no choice. Normally it is because they have fairly poor academic qualif...

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BIO-FUELS – BACK TO THE FUTURE?

Import dependent for our lifeblood How crucial Bio-Feuls are to India can be judged from the fact that India’s oil bill jumped by some 25% to touch $ 87.725 billion or Rs 5.65 lakh crores in 2017-18 as international oil prices surged. In 2016-17 India h...

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INSIDE CHINA – AN ENTREPRENEUR’S PERSPECTIVE

A bit of background I am Mumbai born and bred, took my engineering degree in America, run the business Nandan GSE started by my father several decades ago and have travelled pretty much all over the world. We are among the top manufacturers of Ground Supp...

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MSMEs – INDIAN ECONOMY’S STEP – CHILD

When the Finance Minister announced the launch of a new portal to fast-track loans for micro, small and medium enterprises with a promise to approve funding up to Rs.1 crore in 59 minutes you could have heard a pin drop. No whooping, no loud shouts welcom...

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BUSINESS PLANNING V/S FINANCIAL PLANNING

Do SMEs need any financial planning? Financial planning is such a nice sounding, responsible term. Like most plans, it fails almost as soon as we finish our planning. So, what are financial plans? What are the prerequisites for a plan to work? Financial p...

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VISUALISATION – THE TOOL WHICH GOD GAVE

Visualization is actually a simple everyday thing which almost all of us are unconsciously doing. Many accountants can mentally take a set of figures, visualize a Balance Sheet or Profit & Loss Account and can instantly tell you what will happen to th...

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TECHTOOLS

It is a truism to say that technology is impacting our lives. But few of us realise how much of technology is also getting almost unconsciously assimilated in our lives because of the conscious actions of a few persons. GPS for Police Bikes -Using availab...

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Revolutionizing MSE Financing in India

MSMEs are nurseries where innovation and entrepreneurship gets nurtured. MSMEs have the potential to gainfully harness the demographic dividend. However, lack of adequate and timely access to credit has remained the biggest challenge for micro and small e...

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REAL AND VIRTUAL INTERNS – DEALING WITH A DISRUPTIVE WORLD

Change is the only constant We have told that change is the only constant in the 21st century so many times that is beginning to ooze out of our ears. But the fact is, IT IS TRUE. CHANGE IS THE ONLY CONSTANT. Leading the charge worldwide are innumerable o...

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Small Enterprises v Stock Markets

Hot Air Financial Balloons The size of the balloon is decided by the person or persons filling air in it. If you’ve seen a hot air balloon you know the heated air rises up and fills the balloon in proportion to the increase or decrease of the heat sourc...

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KEEPING THE BEST – RETENTION STRATEGIES FOR THE 21ST CENTURY

Tomorrow is not yesterday Entrepreneurs are never tired of telling you how today’s employees are just not like those in the old days. In the old days they were obedient… they were loyal… they did not ask for raises… they were respectful etc. So, l...

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WILL THE SUN SHINE ON INDIA?

The worship of the life-giving energy of the Sun is now going to be or will now be of a different and more practical kind as it will be trapped by India, China and the rest of the world as it has never been tapped before

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