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 […]
Archive for category Business
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 […]
It is known that Americans worship small businesses which are considered as the main engine for growth of the economy. Wall Street Journal Market Watch, stated it as a myth. It is known by all that about two-thirds of the jobs in the United States are created by small businesses. However, the data was based […]
According to the 4th Annual Staples National Small Business Survey, it was found that 61 percent of the business owners suffer from “ping-pong syndrome”. This might be due to the constant bouncing between competing work demands and distractions due to poor economy. The growth of the list of the things to be done was considered […]
A report on the Indian Micro, Small and Medium Enterprises (MSMEs) of Institute of Small Enterprises and Development (ISED) at Kochi in India was released in May 2010. It was found that a strong MSME sector is essential to achieve a growth rate of 8-10 percent in the next decades. It was estimated that an […]
It was found that a raise of Rs.1,000 crore was implemented by the SIDBI Venture Capital Ltd. (SVCL) for funding the growing medium, small and micro enterprises (MSMEs) in India. It was the third fund provided by the financial institution and was called India Opportunities Fund (IOF). Rs. 200 crore was initially given by the […]
The micro, small and medium enterprises (MSME) sector plays an important role in the economic growth of India. The sector offers a great contribution to the manufacturing output, employment, and exports of the country. It was estimated that the MSMEs contribute for 45% of the manufacturing output and 40% of the exports of the country. […]
According to a recent survey by Internet2Go and MerchantCircle, there is a growing segment of online small-business owners who are aggressively promoting their businesses with social media. The survey found that 45% of the leading-edge group (most frequent content publishers) have a presence or profiles on Facebook and Twitter and use social media to promote […]
According to a study by VerticalResponse Inc. majority of US small businesses plan to increase their use of email marketing (74%) and social media (68%), in 2010. However, more than half (54%) said they won’t invest in online banner ads and nearly one-fourth (24%) said to cut spending on search-engine marketing (SEM). Email, in particular, […]