According to some of the industry experts, Britain became the largest automobile export market of India, where passenger vehicles worth of $481 million were sold by Indian auto industry in 2009-10. Next, Italy is the second largest automobile export market of India with worth of $433.77 million in the same year. And the next Germany […]
February, 2011
The CBIZ employment index revealed that there had been major job losses in August. There was a decrease of CBIZ Small Business Employment Index for August by 1.01 percent. There was no hiring process in August. The number of employees working in the firms managed by the CBIZ payroll services were decreased in August by […]
A substantial opportunity for PC vendors, peripheral makers, critical computer component suppliers and independent software developers is provided by the increased use of computers in small businesses. However, the spending on computer peripherals was different for small businesses of various industries. According to the IDC’s third annual Beyond-the-Box survey, an average of $0.87 was spent […]
There was a drop in self-employed people in the U.S. to the lowest level in eight years. This shows that there is no chance for nurturing new businesses. According to the Labor Department data, there were 8.68 million self-employed people in August. This was found to be the fewest since January 2002. According to the […]
Customer acquisition is a necessary part for any business. It is easily possible by the use of social media. However, some firms are involved in measuring the return on investment of social media marketing, whereas some businesses are more interested towards customer acquisition in spite of the investment. According to the study by Regus in […]
Generally, small businesses fail within one year of their startup. It was found that 90 percent of the small businesses fail within one year. According to the SBA study and others, about 70 percent of the new firms have at least one employee surviving for a minimum of two years. 30 percent failure rate after […]
Microsoft conducted an investigation in 2010 regarding the growth of SMEs and their use of technology during recession. The global SME IT and hosted IT index of Microsoft revealed better performance of SMEs that used IT solutions and hosted services for business productivity.
A significant 72 percent of growth from IT exports had been observed in spite of recession from the SME IT firms of Gujarat. A surge in exports of software and hardware products was observed from the small-scale IT companies in Gujarat even during recession period. There had been a stable growth in the IT exports […]
A study was conducted by Internet and Mobile Association of India (IAMAI) and eStatsIndia in 2009. The study revealed that 73 percent of MSMEs in India possess their own websites. Online business to business market places are used by 99 percent of MSMEs for generating businesses. According to the survey called ICT Adoption Among MSMEs […]
Across the world different context and definitions are there for small businesses. However, in India a standard definition for small and medium enterprises (SMEs) is given in 2006. The Micro, Small and Medium Enterprises (MSMED) Act, 2006 was imposed by the Ministry of Micro, Small and Medium Enterprises, Government of India in 2006. A change […]