Business Centres Category: Small Business

When you start a business, a key requirement for growth is that revenue be plowed right back into the books. The business, for its part, has to fulfill the need for a steady income befitting your lifestyle. It’s not easy to balance these opposing requirements, so you have to come up with a clear strategy for splitting revenue into expenses,…

We’re in the business of providing event space for training sessions and employee induction programs in Bangalore. Our clients design, organize and conduct their own induction programs. Evoma Induction spaces. Call now: +918041903000 Looking for Training Venues in Bangalore? Fill in the form below to get a quote.[contact-form-7 id=”2357″ title=”Looking for…

Food delivery startups are the “in” thing these days, and Evoma happens to be a hospitality company with an established daily meal delivery and catering business in Bangalore.   We also have hundreds of startup founders and their employees having buffet lunch downstairs everyday here at Evoma OMR. In…

According to reports published last year, Digital India represents a $1 Trillion opportunity to grow the economy through digital transformation, with the ability to sustain 55-60 million jobs. The statistics below show the scale of India’s digital economy, and the massive opportunity for business and economic growth through digital transformation. A new…

As a provider of serviced offices, one of our daily tasks is to customize the furnished office space rented by our clients. We provide a default arrangement for all of the hundreds of rooms and spaces located in our business centers, but many businesses ask us to move things around to match their needs. This experience has taught us…

We have 4 business centers in Bangalore, each with hundreds of offices. Each of these offices is filled with office furniture. Then there’s the meeting rooms, board rooms, coworking spaces, and other business center facilities, also filled with furniture. The point is that we know how good office furniture can make your work space speak – on behalf of CEOs…

As a business owner, be it a small business CEO or startup founder, you are constantly looking for growth hacks and ways to take your business too the next level. One common and recurring theme is to move from marketing to branding, so that consumers who recognize your brand come to you. In addition to…

I’ve been getting Valentine’s day gifts on Amazon at 70-80% discounts. The deals on offer are selling like hot cakes, and Amazon is literally making you count the seconds before you lose the opportunity to buy these gift items on sale. That got me thinking about how easy it is for these brands and sellers during the Valentine’s Day…

Every small business owner in the country has a dream of becoming a hugely wealthy and successful businessman with a company and branding that is known all over the world. The primary reason why 85% of small businesses cease to exist after 10 years is that they are not able to expand, and change is the only constant. Either your…

We work with startups of all stripes and verticals, helping them with everything from mentorship to funding, business support services, and marketing and sales. One of the things that we do is to help analyze and profile our customer’s customers. We’ve found, from experience, that growing startups bump into some…

The number of SMEs in India is now estimated to be at 42.50 million, and accounts for 16% of bank lending. This formal and other informal SME lending mechanisms are the most commonly availed SME financing types. However, there is a much better way to do it – SME exchanges…

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India, announced that India is one of the 10 most improved economies in the World Bank’s annual Doing Business Report. The Doing Business Report is an annual report that looks at 190 economies,…

Whether you’re just starting a business, running it, or managing business growth, you need an array of business software to automate and simplify your operations. The use of software also allows you to scale the business in a way that’s manageable.

As the CEO, owner, executive or stakeholder, you want to try and run a business as smoothly and efficiently as possible. In order to do this, an SME needs to follow certain best practices in every business process you have in…

Ever since the onset of the financial crisis, the global economy has been struggling to revive itself and achieve a healthy growth rate. The global growth rate for last year and this year are projected at 3.40% and 3.80%. But compared to this, India’s GDP continues…

I’m not going to talk about the environment or the urgency of tackling the crisis of climate change and global warming. Instead, let’s take a look at the cost benefits of going green. To get more information about how an SME can go green, the types of ratings, certification costs, and the benefits and ROI, we had a chat…

The business mentors and financial industry experts we work with keep telling us that entrepreneurs and business owners should not spend any of the funds they raise while they’re still in the initial stages of starting a business. On the other hand, the experts also say that you should apply for loans when you…

Both startup founders and small business owners go through the same new business setup and growth curve in terms of investment and lack of a corporate structure. But their funding mechanisms are completely different, their route from idea to commercial operations is different, and their customer base is typically not the same either. 

An article in the Business Insider on the “Micro Merchant Market Sizing and Profiling Report” by MasterCard, in collaboration with Confederation of All India Traders, states that small businesses contribute 45% of India’s GDP. That’s three times more than what Corporate India does, and that too at an annual growth rate of 11.50%. Helping them…

MSME is an acronym for Micro, Small and Medium Enterprises. MSMEs are basically small-sized businesses defined in terms of their investment. 40% of India’s gross industrial output is contributed by MSME. 45% of India’s total export is from MSME. India’s second largest Employer after Agriculture.

The biggest challenge for small businesses in India is not about finding the right talent, but retaining your most valuable employees. One way to keep trained and experienced SME staff from leaving is to offer perks such as employee health insurance that they might lose if they quit. This is…

Facebook now has over 60 million business pages, of which more than 1.5 million are Indian small businesses. On average, these small businesses spend between Rs. 10 lakh to 1 crore annually on this social platform. Furthermore, you will be…

Owning a family business is a boon in many ways, and it will surely enhance your chances of being seen as a successful businessman. Everyone from a grocery shop owner’s son to Aditya Birla can attest to that. But the…

Small business owners are typically good at running a stable business because they can do all of it on their own. But then, you hit a ceiling when it comes to growth because you don’t have the time to take on more work. For that,…

If you want to make B2B sales easier, then there’s an app for that. The apps listed below are essential B2B apps that will help you increase sales with better lead response, customer engagement, personalisation, and gamification to motivate your sales team. There’s also one very special app that will teach you how to get started with online marketing in…

A few years back in time, company registration would have been a tall order for anyone. But since the Government has centralised the registration process at their new center in Manesar (near Gurgaon), you can now register your company far more easily and within a short timespan. Before, the catch was in the name approval process….

As a business center and office space provider in Bangalore, we provide all kinds of business support services for our new and growing startups and MSME units. One of these support services is to advise and guide startup founders and business owners about how to raise angel and VC funding. Not all startups…

Every worker deserves a safe workplace, and it’s a good business practice to provide a healthy and safe working environment for your workers. It improves key metrics such as employee job satisfaction and retention, while reducing turnover rates and the attendant HR…

If you going to apply for a business loan, you will first need to get all the documents required ready before you even approach a bank, non-banking finance companies (NBFCs) or other lenders. Regardless of which lender you go to, most of the documents required for business loan are going to be…

Since you have landed on this page, I assume you are interested in getting an address for business registration. To be specific, you want the address without the physical space. Before I tell you how, please take a minute to read the section below that explains what the Indian…

One person company (OPC) is a new business structure introduced in India by the Companies Act, 2013 . Registering as an OPC serves as a vehicle to provide sole proprietors and entrepreneurs access to the advantages and unlimited business expansion possibilities of corporate entities.  

A Limited Liability Partnership (LLP) is a business structure that offers the partners corporate protections against liability, while still allowing them the freedom and flexibility to manage the business on the basis of personal agreements between the partners. Want flexible office space for business? Get an Office at Evoma. Call 080 41903000 Unlike…

SMEs and startups in India are globally competitive and lead the way in implementing best practices in most areas. But business insurance is one area where penetration has been slow. Business owners and startup founders are still largely unaware of the types of business insurance policies and packages available for SMEs and startups in India.

There is no government registration needed in order to start a sole proprietorship business in India. You don’t have to go to an online registration portal and fill up a form or submit any documents. However, you do need to open a current account with a bank in the name of the business.

In this article, I’m going to crunch some numbers and show you exactly how much money a Bangalore coworking hub can save for you in rent and costs. Selecting a prime location for business in Bangalore is one of the most important things you have to do when starting a new business,…

One of the things that many people neglect after starting a business is to file applications for patents, trademarks, copyrights and other intellectual property rights. These are your intangible but most important and valuable assets. Did you know that around 1.45 lakh patent applications have been filed in India over the last four years? But only 27%…

Deciding when to expand business overseas and go global is a bit daunting for startups and small businesses alike. International trade is important for growing your business, and you may be sorely tempted by the opportunities you can see in hot markets like the USA or China. But there are also risks…

If you are here to find out how to get TIN number, chances are that you tried to register to sell your products online on Amazon, Snapdeal, Flipkart or any other online retail ecommerce portal in India, and they told you to get a TIN number first.  

You need to apply for an Importer Exporter Code (IEC) if you want to import or export anything to and from India to other countries. Technically speaking, IEC is a 10-digit number granted by the Directorate General of Foreign Trade (DGFT) to any Indian entity seeking to do international trade.

Indian businesses are rightly famous for their ‘jugaad’ capability, but there comes a time when you have to get the right tools to support streamlined business growth. Want to grow your business? Come to Evoma. Our serviced offices and business facilities include all the tools you need to grow fast. Implementing a company-wide ERP may be hard for many businesses after…

When you are running a small business that is going along smoothly, you start wondering about how to grow it. There are many ways to do this, and we have selected and listed only these top 9 ideas for growing your small business. 1. Expand by Adding a New Location: When you start to think that…

Over 90% of the over 98,000 businesses that are launched in India every year end up as a failure. That’s quite normal by global standards, but the main reason for a large number of these failures is working capital. To be specific, a major reason for failure is the lack of working capital for business. The good…

Having an effective marketing strategy in place to generate leads and align campaigns with your business goals, mission and vision ensures optimum returns out of your marketing budget. 5 Key Points of an Effective Marketing Strategy Before you start mulling over strategies, think about the answers to the five questions below. These are the 5 key points…

Financial management and accounting are very sensitive areas of your business, and most new entrepreneurs and small business owners struggle to manage this aspect properly. Lack of knowledge and resources in this area is likely to lead to…

Benefits of MSME Registration What are MSME Enterprises? According to the provisions of Micro, Small & Medium Enterprises Development (MSMED)Act 2006, the Micro, Small and Medium Enterprises ( MSME) are categorized in both Manufacturing and Service as Micro Small Medium Manufacturing Enterprises The investment on plant and machinery is Upto Rupees 25 Lakhs More than Rupees 25 Lakhs to…

Top 10 Business Ideas with Low Investment You may be very much interested in starting your own new business, but you should have a small financial investment plan. Your business needs at least certain amount money with a good business plan. For low investment business ideas, the principle investment should range from one to five Lac…

Steps for Setting Up a Payroll System Employee payroll system has come a long way from old punch card practice to a sophisticated software process. From capturing the clock in time of employees to the tax filing details, the new generation payroll systems has all the features that an organisation needs for…

How to Grow Your Business in India A common ambition among all businesses in India is their zeal to grow fast and become the next Tata, Birla, Narayana Murthi or Ambani. According to a study report from B2B market research firm Circle Research, achieving growth is cited as the biggest ambition for small and midsize…

How to Conduct Market Research for Your New Business What is Market Research? Market research is gathering of information regarding the needs and wants of customers and putting it together for better understanding of the business. Conducting Market research is necessary to all  business organisations. It helps with providing valuable…

What is the Difference between Private and Public Limited Company? A company at its crux, is an artificial person created by law. It’s an association of individuals having a separate legal existence, perpetual succession and a common seal. It’s capital is generally divided into transferable shares, subject to certain conditions.