Entrepreneurs should emphasize on innovative business model and processes

by CXOtoday Staff    Feb 21, 2011

platformEntrepreneurs from MSME (Micro, Small and Medium Enterprises) segment came together on the platform of SME learning series – 10 city road-show event organized by smallenterpriseindia.com. The 10-city SME learning series 2011 have been conducted in New Delhi and Ghaziabad and is set to attract SMEs in the remaining eight cities with it core focus of Educate-Innovate and Grow, informed the company.

The panel discussion was moderated by Faiz Askari, editor, Small Enterprise India and attended by Ashok Gupta, managing director, Velocis, Santosh Ranjan, managing director, Knowledge Horizon, Aparna Bhatnagar, founder of Green&Good Store and Nidhi Arora, consultant on entrepreneurial issues.

The panel agreed on that fact that SMEs have to set efficient business processes in order to obtain innovative business models and the entrepreneur always have to look for enhancing his skill-set. As a challenge, startups must have to have clarity on their priorities.

The event also discussed the global opportunities with Government of Sharjah, Hamriyah Free Zone Authority that are available for Indian SMEs.

Emphasizing on the scope globalization for Indian SMEs, Saud Salim Al Mazrouee, deputy director, Hamriyah Free Zone Authority, UAE said, “We have 25 percent of businesses in our Free Zone from India. We expect this number to grow further because of the high potential that an Indian startup and SME carries with itself.”

Highlighted the offering of unified communications, Alok Sharma of Cisco Systems, said, “Since the resources are limited, and business has huge scalability potential, the entrepreneur has to focus on saving time and cost in order to collaborate, expertise sharing and faster decision making. Unified communication technology solutions offer a great solution to this.”

While emphasizing the importance of professional skill development for entrepreneurs and professionals working in a typical SME set up, Santosh Ranjan, stated, “Today, skill development is kept at very higher place. From entrepreneurs, business owners to managers or executive level professionals, we intend to provide a focused skill enhancement courses.”

The SME learning series has also given a platform for start ups in order to recognize their success story.