In recognition of the contribution of the MSME sector towards the growth of the country, A&A Business Consulting Celebrated Entrepreneurs’ Day on 5th January. A&A Business Consulting is a frontrunner in the MSME consulting space across the country. MSME business owners across India celebrated the Entrepreneurs’ Day along with their employees. As a gesture of goodwill, A&A’s team of trainers and consultants conducted training on ‘professionalism at workplace’ at the offices of more than a 100 companies from various industries such as textile, pharmaceutical, automotive, engineering and food to name a few. The training sessions covered approximately 3,000 employees at MSME companies based in Mumbai, Ahmedabad, Indore, Ludhiana, Hyderabad, Raipur and Delhi. The mega-events were based around the theme ‘catalyzing a cultural shift at workplaces’.

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A&A Business Consulting Blog

The year 2018 promises to end with a bang for the long-beleaguered medium, small and micro enterprises (MSME). Prime Minister Narendra Modi has launched a support and outreach plan to improve the profitability and viability of MSMEs in light of the recent setbacks the sector has faced. This includes a highly publicized ‘1 crore loan in 59 minutes’ promise that provides easy credit and liquidity to small enterprises.

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Business Strategy

In our last post, we highlighted the fact that the first six months of the financial year are gone and for many SMEs nothing went as planned. We thought a second post on the same must follow as this topic is very important. A year of revenue lost can never be recovered. We are not happy with many entrepreneur friends who did not plan a yearly strategy for their business, leave aside sharing and motivating teams and expecting results from them. If we have failed to plan on the numbers our business should achieve this year, we should be hurt. And then take corrective measures.

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The meaning of ‘Small’ in Small and Medium Enterprises (SME)

Small & Medium Enterprise (SME) owners are smart. Yes, contrary to popular notions, they are smart at making money, smart at negotiations, smart at managing day-to-day business operations in a highly unorganized business set up.  They know their business like at the back of their minds.

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Any business, irrespective of its scale, cannot succeed in the long run if its daily sales activities are not reviewed from time-to-time. It is especially true for Small Medium Enterprises (SMEs). Let’s first understand the meaning and importance of review in the sales department.

A review is the orderly recall of past information in summary form for its reassessment. It helps to identify and resolve the sales related challenges faced by SMEs. Suppose you are a business owner confronted by challenges in sales. Your business would immensely benefit if you understand the pivotal role of review in the sales department.

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Adopting a learning culture for your team is important to your organization’s sustainability. But too many managers still perceive training as a luxury and not as a competitive necessity. They look at training culture as a nice-to-have rather than a must-have. One of the main challenges that your organization may face while creating a learning-centric team is that it will become departmentalized and your employees will operate only within their area of expertise.

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