Tag Archives: SME

Exciting Inaugural Launch of PEERSTART

Thanks to all the amazing entrepreneurs who made sure the event was a rocking success!
PeerStrat May 17 2014 Delhi
PeerStrat May 17 2014 Delhi

It was all about rich, in-depth and frank sharing of business challenges, opportunities, solutions and collaboration! A unique engaging rigorous Business Strategy Workout with cross-fertilization of ideas…

…and rich sharing of business referrals & leads!

Next meetup is on June 21, 2014 (3rd Saturday of each month)!

Thanks to #IndiaWowChat.com for covering our event, posting photos and sharing encouraging feedback about us on their Facebook Wall here:
Interesting new groups keep popping up in Delhi – the freshest is Peerstrat initiated by Omnizient Labs. This group is designed for entrepreneurs and SMEs. Participants review each other’s businesses and explore ways to grow faster and be the best in your industry. Lively insightful interaction!

To know more about the structure of PEERSTRAT see this presentation here.

We are getting a huge response on our Facebook post here. Bookmark http://facebook.com/peerstrat to stay tuned for more news and events.

PeerStrat Photo By IndiaWowChat
PeerStrat Photo By IndiaWowChat
PeerStrat on May 17 2014 New Delhi
PeerStrat Strategy Workout on May 17 2014 New Delhi
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SME Joinup Partners with Omnizient Labs to promote PEERSTRAT

SME Joinup Network – India’s Largest Services Network, has partnered with Omnizient Labs to promote PEERSTRAT .

PeerStrat SMEJOINUP
PeerStrat SMEJOINUP

PEERSTRAT is a first of its kind event, where entrepreneurs, business professionals, corporate executives take the prime speaking slot instead of monotonous star speakers or a high-power panel. This unique event – a high energy Peer Strategy Review workout (PEERSTRAT) session is being conducted by Omnizient Labs.

Date: Saturday, 17th May, 2014
Timings: 3:30 to 6:30
Location: Samavar, B-36A, Pamposh Enclave, GK-1, New Delhi – 110048

SME Joinup Member Special Offers:

There is a special offer for SME Joinup members. All SME Joinup members can avail of a 25% discount on the fees of attending the event. To avail of this offer, use the Promo Code SMEVIDYA on PeerStrat Event on Sat, May 17, 2014 at New Delhi. To use promo code, click on the link “Have Discount Code?” at http://www.meraevents.com/event/peerstrat. For more information fill the form below.

Why should you attend:

All participants are invited to share the challenges and opportunities they are facing in their business as per the following Five Step PEERSTRAT Agenda:

#1 Build Unique Business – Eliminate Competition!
#2 Recreate Brand – Tell a Compelling Story!
#3 Maximize Revenues – Penetrate Newer Markets!
#4 Maximize Profits – Transform Business Processes with Standard Operating Procedures (SOPs)!
#5 Track Success – Identify Critical Success Measures – What Gets Measured Gets Done!

Plus a Networking session, which will not be just merely exchanging card, but actually people seeking reference from a particular company or seeking some business opportunity or looking for a supplier or any type of business, platform will enable that.

Who should attend:

Independent Professionals, Entrepreneurs, Senior Business Managers, Business Heads, CXOs, Directors, Partners of family owned business, Proprietors, Middle Management.

Cost:

Participation fees are nominal INR 1000 to cover basic cost of the event.

Contact SME Joinup

See the promotion details here. Contact details are here.

SME Joinup Partner: Omnizient Labs

Omnizient Labs is a pioneering Training, Coaching & Consulting organization which specializes in creating a holistic 360 Degree view for individuals and groups and helping them take quick decisions and actions to maximize benefits in a short time.
Omnizient is impacting people in various communities and workplaces across the globe including regions like North America, Europe, Far East and South East Asia.

Intellectual Property and its relevance to SMEs

Dr. Ashok M. Adur's Intellectual Property Illustration
Dr. Ashok M. Adur's Intellectual Property Illustration

Most medium and small scale companies in India do not leverage intellectual property as a strategic tool to accelerate their commercial success. For example, when you have an idea for a business that is unique, that has a value proposition, you have some intellectual capital. How do you derive value from it?

Intellectual capital is not just about filing patents. It is the aggregate intellectual material knowledge, information, intellectual property, experience that can be put to use strategically to create wealth in a company.

However, it is rare that an SME owner would have access to in-house IP expertise. One way out is to hire right consultants. This could be critical for your business if you wish to grow over a longer time horizon with a sustained competitive advantage.

What could be the benefits of hiring the right consultant to guide your growth and maximize the value of your intellectual property? We list a few benefits here:

  • Dramatically Enhance Value, Competitiveness and Market Share
  • Assessment and Transfer of  Technology
  • Product Development for Various Specialized Applications in Many Diverse Industries
  • Market Research, Competitive Analysis, Business Development and Worldwide Marketing
  • Material Selection, Formulations and Product Development for Optimization of Performance, Cost and Processibility
  • Accelerating Projects from Conception to Innovation to Patenting to Commercialization and Product Introduction
  • Productivity Improvement, Scale-up, Cost Reduction, Quality Improvement, Quality Control and Quality Assurance
  • Strategic Direction and Planning and P/L Turnaround
  • Patents and Licensing – Legally Getting Around Existing Patents
  • Trouble-Shooting and Technical Service
  • Helping You to “Go Green” by Utilizing Recycled and Bio-derived Materials and Using Recycle Materials for Value-Added Applications
  • Other Business and  Technical Areas in Plastics, Polymers, Composites and Packaging

 In subsequent posts I shall provide more insights on how to do so.

Author: Ashok M. Adur, Ph.D. in Polymer Science & Engineering

  • Innovations Consultant; Product, Business & Strategy Development; Optimization of IP, Cost & Resources.
  • Consulting Experience since 1992.
  • Published 13 papers in professional journals and presented over 45 papers at regional, national and international professional conferences. Also moderated and organized some conferences.
  • Listed in “Who’s Who in Plastics” and “International Who’s Who of Entrepreneurs”.
  • Developed several new proprietary inventions, over 66 patents applied, 26 granted so far, resulting in commercializing numerous value-added products to meet specific customer needs and in new annual business of over $1 billion.

ET: SMEs drive India’s growth to prosperity

Now that SMEs can raise funds through NSE/BSE, what more can be done to empower SMEs to drive India’s growth to prosperity?

According to ET Bureau, SEBI’s latest move “can be but one step
towards removing the panoply of constraints that they face on a daily basis.”

Some suggestions by ET Bureau:

  • Remove routine informational rigidities between SMEs and lenders and potential investors.
  • A more responsive policy mechanism to finance SMEs: what is necessary is an array of advisory and business development services focused on SMEs: the idea is to improve credit and business-performance information.
  • Innovative financial products to reduce credit risks for SMEs and boost investor comfort.
  • Address the problem of delayed payments and rationalise the tax regime for SMEs.

Finally we  enthusiastically agree with the assertion:

We need a thriving SME sector to boost entrepreneurship and risk-taking pan-India, and spur innovation and growth.

Read the full article here.

NOW, SMEs can raise funds through NSE/BSE

CB Bhave, SEBI Chairman
CB Bhave, SEBI Chairman

Now,  SME Business Owners in India can raise funds with their IPOs on NSE and BSE!

This is the latest message from the Securities and Exchange Board of India (SEBI), which announced its decisions through its Press Release “PR No.344/2009”.

NSE and BSE will now be allowed to set-up SME trading  platform, which would have lighter eligibility norms for companies initiating public offers:  Clause 49 still needs to be complied with, and SMEs can prepare and present financial results on a half-yearly basis (instead of the quarterly requirement).

Other exemptions include diluting the profitability track record requirement and Takeover Code regulations.

  • Minimum IPO application size: Rs. 1 lakh
  • Minimum trading lot: Rs. 1 lakh
  • Upper limit for paid up capital for listing on the SME exchange : Rs. 25 crore
  • Minimum paid up capital for listing on NSE/ BSE: Rs.10 crore

Read the complete Press Release here.

Further, it said companies listed on the SME platform would be exempted from the eligibility norms for initial and follow-on public offers. While norms related to Clause 49 of the listing agreement will have to be complied with, SMEs have been exempted from quarterly preparation and presentation of financial results to keep their compliance costs low. Instead, accounts will have to be prepared and presented on a half-yearly basis