#smallenterprises

[doncasterwebservices]

Optimizing Business Expansion: The Impact of SEO Strategies on Small Enterprises

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[magazinesubscriptions11]

Small Enterprises Development, Management and Extension

SEDME: Small Enterprises Development, Management and Extension Journal Buy Online Subscription. All types of Journals and Magazine are available in Magazinesubscriptions.in

[msmeday]

Policies that strengthen capacities and support MSMEs development and entrepreneurship for women and youth need to be at the forefront.

MSMEs and self-employed workers serve a core function in the development of economies. Globally, they represent about 90 percent of all businesses and account for over two-thirds of employment. If adequately supported, they can effectively contribute to the structural transformation of economies and drive inclusive, sustained, and equitable economic growth and jobs. 

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However, multiple simultaneous shocks and crises have disturbed the global working environment for entrepreneurs and MSMEs. In addition, conflicts, commodity dependence, geopolitical tensions, and pandemics drive social and economic instability, making MSMEs extremely vulnerable to rising inflation and supply chain disruptions. 

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Among the most vulnerable, women- and youth-owned enterprises are often at risk of external shocks. This is when the percentage and overall number of business formations by women and youth are increasing worldwide. However, facing limited access to affordable finance, capacity-building support, partnership networks, and global markets, women and young entrepreneurs need help to overcome the numerous challenges that frequently stifle the growth of their businesses, confining many of them to informality or necessity entrepreneurship. 

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Policies that strengthen capacities and support MSMEs development and entrepreneurship for women and youth need to be at the forefront to address those challenges, lower and remove barriers, and provide an operating environment for women- and youth-owned businesses to grow, thus contributing to the full achievement of SDGs 1, 4, 5, 8, 9, 10 and the “leave no one behind” promise of the 2030 Agenda for Sustainable Development and its Sustainable Development Goals (SDGs). 

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This MSMEs day will also focus on supporting resilient supply chains to ensure workers and the environment benefit. Supply chains are a critical component of global trade and commerce, and conflicts, disasters, and pandemics can quickly impact their functioning, increasing costs and making transactions more difficult. 

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In addition, competition and concentration of critical operations in international supply chains can pressure suppliers who are pushed to cut costs to stay in business. Poor working conditions, lack of workers’ representation, unfair wages, unsafe working environments, and reduced attention to environmentally-sound practices generate adverse outcomes. A human-centered approach is needed to help improve these conditions. 

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Practices that result in environmental degradation and compromise working conditions will ultimately affect MSMEs and the communities they serve. Therefore, policymakers and businesses must join forces to ensure economically viable, socially, and environmentally sustainable supply chains. 

Micro-Small and Medium sized Enterprises Day 2023

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[cokesbaba]

Small businesses are the driving force of any thriving economy & at the heart of it is the greatest resource known to man, "Human Resources" #MicroSmallandMediumsizedenterprisesDay We #push, we #thrive & #celebrate the Micro, Small & Medium sized Enterprises Day Cheers to #msmes #microbusinesses  #microbusiness #smallbusinesses #trending #smallbusiness #microenterprise #smallenterprises #mediumenterprise #MSME #businesses #cokesbaba #eclathrconsulting thecokeslink #Nigerianbusinesses #thecokesman #hr https://www.instagram.com/p/CQooLLGF5b4/?utm_medium=tumblr

[iidincubator]

Small and Medium Enterprises

What is small and Medium Enterprises?

Small and Medium Enterprises (SMEs), particularly in developing countries, are the backbone of the nation’s economy. This segment has developed in parallel with large scale industries and MNC corporations. The SME segment expected to be a key component for sustaining the future growth of various sectors in the country. Small and medium scale enterprises (SMEs) occupy a significant and strategic place for equitable development in all countries. 

Difference between small & big enterprises

The table below gives a fair idea about the difference between small & big firms in various ways:

Small Enterprises                                                Big Enterprises

Limited resources                                                  Ample of Resources

Requires less investment                                      Require huge investment

semi-skilled or unskilled manpower requirement   Skilled & specialized                                                                                               manpower requirement    

Independent of other business                               Dependent on smaller                                                                                              enterprises                

Limited area of business                                         Diversified business area

Respond quickly to changing market conditions     Highly vulnerable to                                                                                                changes in market

Classification of investment based on investment

In accordance with the provision of Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 enterprises classified into Micro, Small, and Medium according to the following criteria:

                                      Manufacturing Sector

Enterprises                                      Investment in plant & machinery

Micro Enterprises                              Does not exceed twenty five lakh rupees

Small Enterprises                              More than twenty five lakh rupees but                                                                    does not exceed five crore rupees

Medium Enterprises                          More than five crore rupees but does                                                                      not exceed ten crore rupees

                                      Service Sector

Enterprises                               Investment in equipment’s

Micro Enterprises                       Does not exceed ten lakh rupees:

Small Enterprises                       More than  ten lakh rupees but does not                                                                 exceed two crore rupees

Medium Enterprises                   More than two crore rupees but does                                                                     not exceed five core rupees

The Micro Small & Medium Enterprises (MSME) sector forms the largest generator of employment in the Indian economy. It forms a major portion of the industrial activity.

Institute for Industrial Development (IID) is an incubator with the Government of India, Ministry of Micro, Small and Medium Enterprises, and department of start-up, Govt. of  Uttar Pradesh. IID is a unit of Samadhan Samiti working under Public Private Partnership with Government since the Year 1999. We are running our master incubation centers at KVIC pavilion, Rajghat New Delhi with Khadi and Village Industries Commission (KVIC), and other incubation centers at Gokhale Marg Lucknow with National Small Industries Commission (NSIC).

IID nurtures the entrepreneurs virtually from the ideation till the establishing of Business Enterprise. We provide single window support to the First Generation entrepreneurs or Young Educated Youth by a step-by-step roadmap for establishing a business enterprise or becoming an industry ready person. We also work for unemployed youth to make them industry ready through various skill development programs. We have a unique incubation process through regular live workshops, seminars, industrial documentaries, skilling, professional & experts episodes on our portal www.iid.org.in, YouTube channel "Entrepreneur India Tv" and mobile applications Entrepreneur India Live for entrepreneurs.

[egovernanceinindia-blog]

The Rajasthan Government’s Department of MSME carries the mandate to promote Medium and Small & Medium Enterprises (MSMEs), artisans, handloom and service sector in the State.

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[lifesongkenya]

This is how hard work looks like. The journey towards self-reliance in a business is through doing it no matter how hard it may look at the initial stage. ... ... This is our testimony about humble beginnings as Judith Akoth transitions from our Care Package Program to self-reliance. ... ... Now working towards building a shed so she can shelter from the scorching sun and rains. #LifesongKenya #SelfReliance #SmallEnterprise #CarePackage (at Nairobi, Kenya) https://www.instagram.com/p/CD_GPCNA2pB/?igshid=vdof3swmdfrr

[melookmel]

our happy times when we, micro, small enterprises, artisans, designers hand in hand in a project, expressed our designs, our creation and got supports and appreciation by our customers and wider society. #meLOOKmeL #happytimes #supportsmallbusiness #designers #artisan #smallenterprise (at Jakarta, Indonesia) https://www.instagram.com/p/B_BouZ7jTmi/?igshid=gutm4455ljdi

[lawzgridlegalfirm]

MSME Loan Procedure It is a very well-known fact that India is a welfare State and the Government takes various measures for the welfare of its people. With the growth of Industrialization and Urbanisation, an increase in the establishment of Micro Small and Medium Enterprise has also increased. The increase in this sector depicts the overall development of the nation. In order to attract people towards this sector, the Government has provided for various loan schemes with simplified procedures. A Micro, Small, and Medium Enterprises can avail various loans for the expansion of businesses and even for the set-up of new enterprises. The loan schemes provided are available at Interest rates of 8.65% to 16.25% however, it is very important to note that the repayment tenure is not the same for all schemes. In order to avail various loan schemes the desired party must submit: 1. Duly filled the Application form 2. Identity Proof 3. Residence Proof 4. Age Proof 5. Last 12 months’ bank statement 6. Business registration proof 7. Proprietor(s) PAN Card Copy 8. Company PAN card copy

[msmeday]

Plenary 1: Global Ecosystem to Support MSMEs.

MSME's Day 2023 - Plenary sessions.

Organized by: UNIDO | Live Moderation: UNIDO

10:40 A.M. – 11:25 A.M.

​Moderator: Mr. Ralf Bredel, Director and Representative to the United Nations, UNIDO

Speakers:

H.E. Sithembiso Nyoni, Minister of Women Affairs, Community and Small and Medium Enterprise Development, Zimbabwe

Mr. Racine Sarr, Founder at Shopmeaway,

Mr. Jo Kyoo-il, Mayor, Jinju City, Republic of Korea

Ms. Anne Chappaz, Chief, Institutions and Ecosystems, International Trade Centre

Mr. Joel Nelson, Cargill, Global Leader, External Innovation

Ms. Ibtihel Ben Hadj Mbare, General Manager and Founder of Herbalya

[threadsthatbindus]

Thank you Sabine @apfelgruenzumanziehen - we love seeing our products being used and loved 💛 . . . Repost from @apfelgruenzumanziehen using @RepostRegramApp - Yesterday we invited for a typical German Kaffeeklatsch decorated with the unique #homedeco of #threadsthatbindus #handmade #drawingwiththread #sustainable #naturalcotton #madeinsouthafrica #protea #unique #smallenterprise #supportlocal #apfelgrünzumanziehen #apfelgrüngehtaufreisen https://www.instagram.com/p/BxKeER1pHbp/?utm_source=ig_tumblr_share&igshid=1144ezs7dsg04

[hellopulakesh]

Loan up to 1 crore in 59 minutes to small enterprises : PM's Diwali gift.

Prime Minister Narendra Modi on Friday launched a support and outreach initiative for Micro, Small and Medium Enterprises from Vigyan Bhawan, Delhi. PM Modi spoke in detail in 12 major decisions taken in the small-scale industry through video conferencing. PM Modi said that for the last few weeks, many Indian government ministries were working together to reach out to these decisions. We well know that MSME or small industries are the means of livelihood of millions of people in our country, play an important role in the economy. The Prime Minister said that MSME is the second largest sector after employment. Farming is the backbone of India's economy, and then MSMEs are strong steps, which work to accelerate the country's progress. PM Modi said that far away, your entrepreneur, brother or sister, sitting in any corner of the country, will allow the loan up to Rs 1 crore in just 59 minutes. GST registered every MSME up to Rs one crore Interest on a new loan or incremental loan will give 2 percent discount. 3 percent of the total purchase from this will reserve for women entrepreneurs. PM Modi said that now the public sector companies by 25% of the small-scale industries. It has also decided that 3 percent of the total purchase from this will reserve for women entrepreneurs. For the upturn of technology, the government has decided that further extension of toolroom arrangements across the country will give. For this, 20 hubs will build across the country and 100 such words like toolroom will installed across the country. PM Modi announced a package of Rs 6,000 crore for this. A big decision has taken for small entrepreneurs to give at least forms and returns. 8 The labor tax and 10 central rules will have to be given once instead of twice in a year. The government is constantly working to reduce human intervention to make the system transparent. PM Modi said that in these rounds of globalization, these 12 decisions will strengthen MSME and write a new chapter. These will accelerate the MSME sector and help in providing more employment opportunities.   Read the full article

[sunjaykapurofficial]

A colossus in the making, from thriving licensee entrepreneurships family-run businesses and social media start-up’s in today’s digital age, India has proved her entrepreneurial resilience. The discussion this week is Entrepreneurship and The India Focus.

With the millennial workforce and new business opportunities, India fully recognizes value-creation of SMEs. The Global Entrepreneurship Monitor (GEM) Report 2016-17 puts the increase in the rate of entrepreneurial intention to 14.9% compared to 9% in 2015-16. In comparison with its peers in BRICS economies, India ranks highest in perceived opportunity, and second in perceived capability.

How is India different? 

India’s potency lies in its small enterprises and “frugal innovation.” Indian entrepreneurship has evolved to offer products of acceptable performance standards. However it is primarily targeted at the bottom of the pyramid of consumers. In this market, it is identified that the crucial pillars defining success, are the price points and basic utility features.

What is the key challenge? 

India holds enormous heterogeneity in entrepreneurship. The pace of entrepreneurship growth has been stilted with remunerations largely restricted to a beneficiary base within a regional purview. Impact can be scalable if training, innovation, and technology absorption are skilfully addressed.

What are the windows of opportunity? 

• Intelligent harnessing of the nation’s extensive labour market and rising consumerism.

• Innovation cannot be far behind when the country’s potential is already at commendable levels to generate new products or adopt existing products. The 2018 Global Entrepreneurship Index ranks India at a very strong position in product innovation. Our skills just need to be channelized in the correct manner with precision in direction.

• Women-headed entrepreneurships a key driver of job growth. Empowerment and economic upliftment will naturally follow.

• Encouraging an economic spurt driven by aspiring entrepreneurs has propelled growth for the formal sector as well.

Economic reforms and a stable business ecosystem are criteria for nurturing entrepreneurial spirit. The foundations are already laid. What remains to be seen is how we capitalize and develop on it.

On that note, I wish you luck in earning your success!