5 Golden Tips for Indian SMBs to Stay in Business

Monday, 18 March 2013, 23:36 IST
By SiliconIndia
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Bangalore: Starting a small or a medium business brings along with itself a long list of risks. The small but crucial amount of money invested, the fear of acceptance by others, and the perennial changing technology are among many of those factors that risk the sustenance of an SMB.



It’s also quite a common sight in India where you get to see small businesses fizzle out about two years after beginning. Indian SMBs are pretty well known for their easy start, the hype, the excitement and later on, the sudden impedance.



So with that said, here are 5 golden tips for Indian SMBs to stay up fit and healthy in business.






Expense Management:



When you start a SMB, it’s pretty easy for you to get into the hype and glitter of the business world. You will be wanting to pace up your startup to success, but remember, patience is the best way to victory. An area where every entrepreneur should look up is the expense management space. Don’t spend in areas where you don’t need to. It’s like; you don’t have to go for that extra space in your office, if you can successfully manage the available space around you.







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