Selling Online & Offline in Retail In today’s digital world, the line between online and offline selling has become blurred. Many traditional retailers have online stores, and e-commerce companies are expanding into physical locations. In addition to this, people are now turning to both online and physical stores for their shopping needs. The combination of […]
Profitability in Retail Management When it comes to increasing profits, one of the most important tips to remember is to limit your inventory levels. Having too much-unsold stock will cut into your cash flow and force you to borrow money, which entails finance charges. However, keeping inventory levels low will help you avoid waste, which […]
Advantages of Using a Billing Software in Retail Billing software is a useful tool for businesses. It is useful for various reasons. Firstly, it streamlines the process of payment for retailers. It allows them to send secure links to invoices to their customers. Once these links are sent to their inbox, customers can sign in […]
What is the Scope for Retail in India? The scope for retail in India is a growing industry, with an increasing demand for high-end and luxury products. This segment has also been boosted by the rising income levels of the new generation. Increasing demand for personalized goods has lured a number of businesses into the […]
Credit Guarantee Fund Scheme for Micro and Small Enterprises The purpose of the Credit Guarantee Fund Scheme for micro small Enterprises (CGTMSE) is to encourage banks and lenders to extend credit to MSEs. The Fund helps guarantee the repayment of loans. Lenders will offer credit to MSEs at preferential terms such as lower interest rates, longer […]
Get MSME Loans in 59 Minutes Small Industrial Development Bank of India (SIDBI) has launched a new online platform, Micro, Small, and Medium Enterprises (MSME) Loans in 59 Minutes, which enables entrepreneurs to apply for business loans, personal loans, auto loans, and MUDRA loans in as little as 59 minutes. The fast process has many […]
What is GST Registration and what Documents are Required for it? Firstly, you must ensure that your business is registered for GST. This is a mandatory requirement for businesses that want to supply goods and services in the country. You will be issued a registration certificate, which will be valid for two years. You can […]
Shop Act License The Shop Act is a legal document that governs the working conditions and rights of employees in the unorganized sector. It requires that all commercial establishments be registered with the Department of Labour within 30 days of starting a business. Besides, the registration of commercial establishments is mandatory in order to open […]
The Mudra Loan The Mudra Loan is a public sector loan given to MSMEs (Micro, Small & Medium Enterprises) by the Micro-Units Development and Refinance Agency Bank, a public sector financial institution in India. The loan is available at low rates to non-banking financial institutions that provide credit to micro-finance institutions. The Mudra Loan is a popular source of […]
HSN Code Harmonized System of Nomenclature (HSN) Code is a six-digit number that classifies various products and services. Manufacturers have been using this system for years. This code is divided into 21 sections and 99 chapters and is used worldwide. The sections and chapters are referred to as “HSN” and “SAC” in global trade. The […]