On this 16th January, India celebrated its National Startup Day. This year the event carried a special weight. Although this comes every year, this is the 10th anniversary of the launch of the Startup India Mission which officially recognizes startups as a business category. Thus, the startups of India are celebrating a decade of unprecedented…
A few months ago we had analyzed Donald Trump’s tariffs on Chinese goods and the revelations of luxury brands being mass produced in China in its aftermath. Now Trump’s trade guns are blazing again – this time aimed at India. With tariffs on Indian imports now doubled to 50%, Washington seems less focused on “leveling…
When we talk about startups taking on industry giants, the narrative often leans toward disruption; the classic David versus Goliath story. But in reality, most new-age businesses aren’t rewriting the rulebook with groundbreaking inventions. Instead, they’re playing a sharper, faster game of execution. While truly innovative products can create entirely new categories (think smartphones or…
For decades, the global aviation industry has been dominated by a duopoly—Boeing and Airbus—delivering giant, expensive, slow-to-manufacture aircraft to a small circle of airlines operating under high costs and tight margins. These legacy aircraft, while marvels of engineering, require immense resources to build, operate, and maintain. The result is an inflexible aviation model, heavily dependent…
So here we are again. Another startup, another fancy pitch about AI doing all the work — only for the internet to discover that it wasn’t AI after all, but, well… real people. In India. This time it’s Builder.ai, a no-code platform that claimed to help you build apps in minutes using artificial intelligence. The…
BluSmart, once celebrated as a pioneer in India’s electric vehicle (EV) mobility sector, is currently grappling with significant financial challenges that have led to the departure of its co-founders and prompted investors to advocate for a comprehensive restructuring. The Rise and Financial Struggles of BluSmart Founded in 2019 by Anmol Jaggi, Puneet Jaggi, and Puneet…
You can now sell your product worldwide, all because of the rise of technology, online shopping, and global payment gateways. The global e-commerce industry is predicted to grow at 22.6% by 2027, creating multiple opportunities for businesses to export and import their products / services in the international market. Offering multiple payments and security to…
Managing finances effectively is essential for success and growth. However, navigating the complex landscape of commercial finance can be daunting, especially for small and medium-sized enterprises (SMEs). This is where commercial finance broker come into the picture. In this blog post, we will explore how commercial finance brokers can be your trusted partners in developing and executing…
Consider starting a local business and making a positive impact! It’s exciting, but it can also be daunting. To succeed, you need more than just a good idea. You need to size up your competition, get support from your community, create a buzz, meet compliances and manage costs. To help you in your entrepreneurial journey,…
Small and medium businesses often can’t afford the kind of creative agencies which big companies hire to make their products and services look slick. This often leads to an inferiority complex and the SMBs face a lot of difficulty in positioning themselves outside of local markets. Thankfully with practically unlimited resources available due to cloud…
The unorganized sector in India refers to workers who are employed in informal or unregulated industries and often lack job security, social security benefits, and other forms of legal protection. The government of India has introduced several schemes to help organize and provide support to this sector. I felt the need to compile some of…
Taste often bring people together | Photo by Darya Sannikova from Pexels Obviously, at the most fundamental level, restaurants serve food to customers. Customers eat out at restaurants for a variety of reasons, including satisfying a craving for a particular dish, avoiding the bothersome task of cooking for themselves, or dining while visiting from out…
Innovation is a key driver of success for any business, especially for small business groups. With limited resources, small businesses need to focus on leveraging their innovation resources to stand out in a crowded market. In this article, we will take a detailed look at the innovation resources available to small business groups. 1. Human…
While the plain white tee is an acknowledged fashion classic, many people love printed t-shirts. Also, many organisations use them as part of their uniforms and/or as merchandise. That means there is always demand for high-quality t-shirt printing. We at YES Group, have over two decades of experience in the area of custom equipment used…
Wholesalers and distributors both buy and sell goods in bulk. Wholesalers buy goods either directly from manufacturers or via distributors. They are, however, completely independent from their suppliers. Distributors only buy goods directly from manufacturers with which they have an agreed contract. This distinction has several implications. To explain the difference, Claire Shaw of SOS Wholesale shares…
Record-keeping may not be the most thrilling part of businesses. It is, however, one of the most essential. Probably the most obvious reason for keeping good business records is that it keeps you on the right side of the law. A less obvious reason is that good record-keeping helps you to make effective business decisions….
If you live in a tiny city flat, then buying in small quantities may be your only option. If, however, you’re buying for a larger home or a business, then buying in bulk is likely to be the way to go. This is particularly true for businesses. Here, SOS Wholesale share their insight into the…
It’s literally impossible to overstate the importance of cash flow for any business. It’s what pays staff and suppliers. Without it, a business simply cannot function. This means that ensuring a smooth cash flow should be a top priority for any business. Here are seven tips to help. Here to explain further, Peter Scully, Marketing…
Its been 7 years since The Local Brand was launched and we started writing about small businesses and local brands which deserve to be brought into the spotlight. We have a section on our website which allows our readers to submit their nominations for the best local brand they can think of. Over the years…
Startup company needs to know that there are strict rules when doing business. Owners are required to comply with lots of demands from the government in order to operate. They need to comply with various and complex laws and that include taxation. As business owner, you should educate yourself about tax and how it will…
It’s a common thought that if one established their own business, they should be able to control every aspect of it – starting from back-end tasks such as logistics to front end areas like marketing and sales. However, this idea is deeply discouraged by many business leaders around the world? Why? Because micromanaging not only…
You need to the right kind of accounting software to record the financial transactions of your business. Knowing the cash flow & financial health of your business helps you in decision-making. As the owner of a small business, your responsibilities can be divided into two parts; a) Doing everything to keep your customers satisfied, and,…
The task of updating of accounts consumes a high level of energy, time and resources. It becomes more chaotic and challenging when it comes to fulfilling the statutory obligations of the authority such as ACRA (Accounting & Corporate Regulatory Authority). ACRA administers the Accountants Act. A novice person seldom understands the ins and outs of…
It is common for a small business owner to have financing in place to start their business. This could involve revolving debt as well as installment debt. Credit cards and a small business loan could cover necessary start-up costs. Things could be going well, and expenses are being paid every month. Then something unknown could…
A common mistake business owners tend to make is to mix their personal finances with the business ones. So when the tax season comes this can lead to a chaotic situation, one which can cause you quite a lot of stress and time you can’t spare. This is why it’s essential that you separate these…
