The plan of setting up a small enterprise gives most of us numerous reasons to worry and think why it would not be possible. Out of the bunch, the most important reason picked by most people is that how will the project be financed. Decades ago the situation was really bad when there were limited options for getting a business financed. But with the advent of technology and better global connectivity both physically and virtually, the situation is totally reversed. Today banks and financial institutions are flooded with schemes and plan to loan different business-related projects.
The major reason for lack of motivation in many competent people with the entrepreneurial mindset even today is the lack of awareness or proper knowledge on the different public and private schemes available. Continue reading Banking and Finance – Not a problem for SMEs anymore