Archive for MSME Strategy

Creating an Annual Budget with Your Fractional CFO  Building an effective annual budget is more than just crunching numbers—it’s about creating a strategic roadmap that aligns your managers to the business goals. This process can feel dreadful for small business owners, especially if your current finance team did not handle last year’s budgeting well. Enter […]

A recent study by CFO Research found that companies utilizing fractional CFOs were able to reduce their finance department costs by an average of 30% while increasing operational efficiency by 25%. These figures are particularly compelling for small and medium-sized enterprises (SMEs), which often struggle to balance the need for high-level financial expertise with the […]

Businesses across the spectrum—from small startups to multinational corporations—are constantly seeking innovative ways to enhance efficiency, reduce costs, and remain competitive. One such strategy that has gained significant traction is Finance Process Outsourcing (FPO). According to Deloitte, 36% of companies globally are now outsourcing their financial functions, and the global FPO market is expected to […]

In today’s hyper-connected global economy, Micro, Small, and Medium Enterprises (MSMEs) are no longer confined by geographical borders. In 2023, global trade for MSMEs saw a significant surge, with international sales contributing to over 50% of their revenue growth in regions like Asia-Pacific and Europe. However, navigating the complexities of international finance remains a daunting […]

When a Micro, Small, and Medium Enterprise (MSME) seeks financing from a bank, it often feels like a patient in need of urgent care. However, instead of receiving the critical support required, these businesses are met with endless requests for documentation and face long delays in loan approval, if they manage to secure financing at […]

India’s MSMEs are the unsung heroes of the Indian economy, contributing significantly to GDP and employment. However, a recent World Bank study revealed that only a meager 10% of Indian MSMEs export their products, a stark contrast to the 40% average in other developing economies. This alarming statistic underscores the pressing issue of market access […]

The Indian economy is projected to become the world’s third-largest by 2030. Behind this growth lies a vibrant small business sector, with over 63 million micro, small, and medium enterprises (MSMEs). Yet, a silent crisis threatens her potential: the lack of skilled manpower. According to the National Sample Survey Office (NSSO), only 4.69% of India’s […]

The global market beckons Indian MSMEs with promises of growth and expansion. However, navigating the financial complexities of international business can be a daunting challenge. Consider this: a recent study by the Federation of Indian Export Organizations (FIEO) revealed that over 60% of Indian MSMEs struggle with compliance with international financial reporting standards (IFRS), a […]

Budget 2024-25 is packed with significant changes for salaried individuals and a strong focus on Micro, Small, and Medium Enterprises (MSMEs). The budget introduces a slew of measures that could potentially revolutionize the MSME landscape in India. Let’s break down the key announcements that could make this budget a game-changer for MSMEs: Credit Access Gets […]

Namaste, fellow entrepreneurs! As an MSME consultant deeply invested in India’s economic progress, I see Budget 2024-25 as a defining moment. This is a budget that doesn’t just tinker around the edges; it lays the foundation for a Developed India, with MSMEs identified as crucial contributors to this ambitious goal. The announcements made will reverberate […]