What’s in Store for The Consumer Electronics Industry of India?
The Indian appliance and consumer electronics market was worth ₹2.05 trillion in 2017. The market is expected to expand by 9 percent CAGR and reach ₹3.15 trillion by 2022. Growing awareness, easier market access and a change in lifestyle habits are the key drivers of growth for the consumer electronics industry. In the coming years, the industry can expect growth …
Continue Reading Tips to Maintain the Steady Cash Flow for Your Business
Small and medium enterprises working as suppliers for larger business entities often develop a culture of ignoring the cash flow while focusing on other business goals and targets. While it is important for an SME to maintain its goodwill with its commercial partners, it is also critical to take stock of “Free Cash Flow” – that is the amount of …
Continue Reading 4 Tips for Dealing with Late Payments from your Buyers
There is nothing more frustrating than a delayed payment for a small business owner. In general, SMEs have way less cash at hand to work with than a large organization. Therefore, a delayed payment can send a small business owner scrambling for cash. Moreover, delayed payments can also result in lost opportunities for a business operating in a competitive industry …
Continue Reading How to Create an Emergency Fund for your Small Business?
Small and medium enterprises with commercial clients are always at risk from payment disruptions in the supply chain. Moreover, the cash-dependent nature of these SMEs makes it difficult for the owners to set up an emergency fund. Also, since the client base of SME suppliers for large manufacturers is limited, it is harder for them to generate alternate income for …
Continue Reading Here is How Invoice Discounting is Boosting India’s SME Growth
Role of Invoice Discounting to Boost SMEs Growth in India The Indian economy is growing at an unprecedented pace and a part of that growth comes from the small and medium business sector. The SMEs are contributing heavily to the manufacturing and services sector, recording over 45% contribution to the annual GDP numbers. In recent times, the growth in outcome …
Continue Reading Invoice Discounting: Advantages and Disadvantages
Small businesses often find it difficult to manage their invoicing cycles and as a result fall short in their working capital needs. Invoice discounting allows a small business owner to get a quick business loan by submitting cleared invoices as collateral. This very short-term loan expires on the due date of the invoices submitted as surety. Marketplace lenders like LivFin …
Continue Reading Difference Between Invoice Discounting and Invoice Factoring
Fintech services have drastically transformed the ways in which a small business owner can raise capital these days. Where previously secured business loans were the only viable option for getting quick business finance, nowadays a range of financial products and service exist for the exclusive benefit of small business borrowers. Invoice discounting and invoice factoring are both financial services that …
Continue Reading Understanding Invoice Discounting – What is It and benefits for Small Businesses in India
If you are a small business owner in India, you may be well aware of the financing problems faced by SMEs in general. Getting paid on time and investing that money to generate more business is a chore in itself for every small business owner. Ideally, this shouldn’t be the case and a business owner should have maximum time to …
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