Blog Posts

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Seven reasons why your business may not be growing

There comes a point in your business when you start to feel everything is static and you are repeating the same things over and over again. Your consumer base isn’t growing, your leads aren’t converting to actual sale, your revenues are stagnant and you have tried all the strategies that are present out there. So why isn’t your business growing, you may ask? Well there may be thousands of reasons for that but let's narrow those down into seven most common ones. Figuring the right answer to this question is subjective and what works for one may not work for another.

One of Fidere's many clients

Here’s how we accessed a pay later finance scheme for vendors

We conceptualised our company primarily to manage and operate world class developments of facilities / infrastructure. The market demand for a global benchmark facility management delivery and the local focus and local approach policy of ours have set the path for us to be an organisation with a personal touch. We began in 2010 and through consistent efforts, hard work and a lot of passion from all our employees; we have scaled up our operations manyfold.

One of the Skechers retail stores set up by Altaf and his team

How my business got a merchant cash advance loan from Credit Card sales

So, let me introduce myself. I am Altaf Durani from EON Retails LLP. Ours is a Limited Liability Partnership, and we are retailers of American footwear and athletic accessories brand Skechers. Two partners set up this business in 2014. Our efforts bore fruit when we set up our office at 44/g Adelphi Chambers 1st Floor, Ismalia housing society, Clare Road, near Byculla West, Christ Church, Mumbai – 400008. Hard work by the Entrepreneurs reaped reward For the last three years, we have put our blood and sweat into developing this business.  The footwear retail business in India is growing at an incredible pace. Since Skechers is looking to expand its activities in India, our company is also developing with it. We have renewed our efforts to grow our business by opening more retail stores. We were looking to expand and set up our retail stores across the state of Maharashtra.

Chemist_shops_Bihar

How Munnar managed to grow his small business 3-fold in a year

When Munnar saw his medicine distribution business grow in Hajipur, Bihar, he didn't understand why no bank was willing to lend to him. His 2 year old sole proprietorship was growing significantly, and was profitable as per his income tax returns. He had no previous history of loans, and he was ensuring that he maintained strict banking discipline in his bank account, never once issuing a cheque that would not be honoured due to insufficient funds.

brandon27

Why managing business is like working out

Remember the first day you hit the gym, ready to take on everything that came your way, ready to go the extra mile on the treadmill and lift the extra kilo? Let's not to forget the last minute checks you did before coming to the gym so that you didn't forget anything, your training gloves, your trainers, not your towel for sure. You were filled with passion and enthusiasm but there was an air of confusion and apprehension which surrounded you when you first entered the gym, you didn’t know where to start? what to do ? how to do ? How much to do?

Business partner

How to choose your business partner

Wozniak & Jobs. Hewlett & Packard. Gates & Allen. Page & Brin. These are just the names of people who have impacted your life knowingly or not. The common theme is that these are the name of business partners who clicked and produced something innovative. It is their partnership that enabled them to do this. Going into business with anyone can be daunting and brings up an array questions. Should I have a business partner with a best friend? A family member? A relative stranger? These are all valid questions and concerns. However, these are not the right questions. If you go into any partnership it is important to take a breath and assess the situation, or rather the person. Do you have the same goals? Do you have similar passions? The are just some of the important topics to consider and ponder.

kate hudson

Famous Celebrities who became entrepreneurs

Celebrities seem to gain fame and fortune through appearances on silver screen, and others simply by belonging to a famous family, or through being internet socialites. A handfull of them, however, progress further to set up successful business ventures as entrpreneurs in their own right, displaying an element of business acumen, and other business related skills. Here we look at 5 celebrities who have successfully moved into the business world as entrepreneurs.

Logistics hero

Choosing the best logistics partner for your business

With the online retail industry expected to grow at a CAGR of 15.6%, to reach $1 trillion by 2020, many people are now resorting to the e-commerce sector to build out their ventures. Indeed, with the industry set the way it is, now is the time to capitalise on this great opportunity. With the rapid transformation in the telecom industry and data being easily accessible to millions across India, more and more people are taking to the online side of purchasing making India the fastest growing E-commerce market in the world. The market is already filled with a lot of players and it is hard to survive against the likes of Amazon and Flipkart who are pumping money into their businesses like never before. But wait does this mean that you are out  of the race and there is no way that you can manage to run a successful business online?

Manage your working capital with Vendors and Suppliers

Your suppliers are an important part of the holy trinity which makes up your stakeholders in the working capital cycle. They too perform a very important role, providing you with the necessary raw materials, stock or other products and services which are important to running your business. Should they stop providing them to you, well, there is a high chance of your business seizing to operate at all. Unfortunately, at the same time, suppliers consist of a cash drain for your business, and your need to analyse how best to manage them to help you better streamline the working capital demands that will be placed upon you. It is interesting that whilst reducing the time taken for stock and clients (ie – invoices) to be turned into cash, improves your cash cycle, increasing the time taken to pay your suppliers does the same. But take heed; playing this game with your suppliers is a risky one, especially if they are large and you are small. Here, we can show you a few ways of managing the risks around this:

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