SME market has got a lot of importance in India. There are many SME opportunities for entrepreneurs in the nation. Some of them are listed here. Among BRIC countries and the U.S., the second largest population of small and medium businesses (SMBs) is found in India. SMEs in India contribute to more than 40% of […]
Category: Business
Lack of Demand – the Top Reason for Sickness of SMEs in India
Some of the reasons for sickness of Micro, Small and Medium Enterprises sector have been found by SIDBI report in 2010. It is said that there are eight important reasons for sickness of the sector. These problems include lack of demand, shortage of working capital, marketing problems, power shortage, non-availability of raw material, equipment problems, […]
Customer Acquisition through Social Media by SMEs in India
An emerging potent mainstream business tool that plays a major role in customer acquisition is social media. In order to maintain long term relationships, social media is being used by businesses these days. A survey conducted by Regus during February-March 2010 revealed that 52% of businesses in India use social media for acquiring customers. The […]
Contribution of Indian SMEs to GDP Expected to Rise by 2012
A survey was conducted by ASSOCHAM in 2009 concerning the contribution of Small and Medium Enterprises (SMEs) to Gross Domestic Product (GDP) in India. It was revealed that the contribution towards the GDP is expected to rise to 22 percent by 2012. Their contribution to GDP was about 17 percent in 2009. The reason for […]
Internet Local Search for Small Businesses in U.S.A
A study was conducted in 2009 by TMP Directional Marketing regarding the annual growth of online local search and changes in consumer behavior. The study revealed that there was an enhanced usage of online search channels including mobile platforms, internet search engines and social media. Local business information is known mainly by the internet search […]
Challenge for Improving the R&D in Indian Small Businesses
It is important to improve the technological skills for sustaining in the current environment. In general, many Indian manufacturing firms are less involved in research and development (R&D) and also less money is spent for such activities. It was estimated that during 1991-2008, about 38 percent of the total number of large firms had reported […]
Economic Indicators of Small Businesses in India
The small-scale industries (SSI) in India have a very important role in the growth of the country. Production, employment, and exports act as economic indicators. A contribution of 40% of the gross industrial value is added to the Indian economy by the small businesses. When a million rupees of investment is made on fixed assets […]
Social Networking Continues to Grow: Discover
According to the Discover Small Business WatchSM, small business increased spending usage of social networking sutes for their business POLL Results The number of small business owners, who said to the Watch that they were members of an online social networking community such as Facebook, Linked-In, My Space or Twitter, has increased to 48% compared […]
Small Business Optimistic About Upcoming Season
According to a report of fifth annual Small Business Holiday Outlook Survey from constant contact, 52% of the SMBs expect holiday sales to increase over last year (less than 1/3rd were optimistic in the last survey conducted). More than 35% of the survey’s respondents were optimistic about the state of the overall economy (up from […]
UK Small Businesses Ignore SEO due to Lack of Knowledge
Search Engine Optimization (SEO) is a tool used to improve the visibility of their websites in search engines. Though companies are setting up their own websites, many of them are unable to derive the profits as there is no proper information regarding their websites in search engines. According to the dotSEO’s, ‘Naked SEO Report’, which […]