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Today, MSME i.e. small and moderate industries are making significant contribution to the Indian economy. At a time when the market is growing rapidly, MSME faces commercial challenges such as financial planning, pricing strategy, traditional methods of business and digitization.
All this affects their entire functioning. During this challenging time, they need guidance of experts to equalize these problems, to face them up and move forward.
In such a situation, senior business leaders working in this field for years can act as advisors/mentors for these entrepreneurs. They can provide them valuable information about market trends, customers’ behavior and competitive strategies.
Since these people have operated business in the real world, they can usually give better advice about making the right decision and avoiding loss. His practical experience of years and strong networks can help MSME find new opportunities and achieve them. With the guidance of these advisors, small businesses can improve their operations and gain stable, continuous growth.
In such a situation, it would be notable to know about Walmart’s supplier development program growth. This program has digitally empowered over 60,000 MSMEs across India. This program provides free digital training, commercial advice and personal consultation to MSME.
It includes many experienced advisors who help these MSMEs to realize their ability, remove their shortcomings and achieve goals to move forward in the market.
VS. Kumar remains proficient in financial matters
VS Kumar of Chennai, Tamil Nadu is an influencious mentor associated with this program. 73 -year -old Kumar has special experience and attachment in financial reporting. He has worked in various types of companies including both traditional and new -age industry.
Kumar believes that entrepreneurs need guidance in two areas today – inspiration and financial control. “When the circumstances begin to get out of difficult and control and they do not know where to go ahead, the entrepreneurs see an empty wall and need someone to pull them up.
They need to regain their inspiration and enthusiasm. Second area where they usually need to pay attention is financial control i.e. organizing their transactions, expenses etc. and control it. Sometimes, the balance sheet is like a black box for them.
I emphasize that a entrepreneurs should not only have commercial skills for successful business operations but should also be strong in the account. “
VS. Kumar tells about the struggles of the new entrepreneurs, saying, “I have worked with many small entrepreneurs who do not understand the balance sheet and they are apprehensive about it. I understand their business figures and in financial control I help my experience and attachment to financial reporting here.
Make finance simple and interesting
On one side where VS Kumar emphasizes the importance of inspiration and financial control, while there is another mentor that considers digital information important for new businesses. E.G., associated with digital marketing Santosh is also doing noble work to guide small and medium -class entrepreneurs. Let us know that he tells those running small industries about the areas that need to be done.
E.G. Santosh – Storing MSME digitally
The EG Santosh of Bangalore, Karnataka has a 20 -year effective experience of working in the corporate sector. So far, he has trained more than 80 MSMEs in digital marketing and brand proportion through growth programs. He says, “In his entire career, whether in agency, with FMCG or in the field of publication, I have noticed that large corporates have many options and resources.”
In contrast, MSME often lacks such resources. This was the reason that inspired me to make a meaningful contribution through mentorship. ”
As a mentor, Santosh has taught entrepreneurs to think strategically and practically about finance and marketing. When asked about his style of advice, he told us, “From the perspective of an advisor, I believe that sympathy is very important.
It is important to understand and sympathize their problems only through the first conversation. I emphasize it internally in my team and also with the program. Understanding and sympathizing their problems helps them to make effective guidance to solve. “
Strategic use of money and future preparation is necessary for businesses
Entrepreneurs sometimes have trouble with strategic thinking and use of funds. Santosh, while talking about this difference, says that today’s businesses should be ready for the future. “From the perspective of an advisor, one thing that many entrepreneurs understand deeply is the price of money. They are in business and hence understand the importance of money in advance.
The second important aspect is the preparation of the future of their business. Many entrepreneurs are so immersed in today’s everyday tasks that they fail strategically for the future or ignore such thinking and do not pay attention to large or long -term plans.
They are deprived of the great benefits of the future by getting entangled in a little immediate benefit. In such a situation, the guidance of a mentor or advisor helps them by emphasizing the importance of further thinking and future preparation. “
It is important to have harmony and understanding between an experienced mentor and the learner. This helps to move forward. VS. Kumar and E.G. MSME Entrepreneurs can get very valuable lessons from advisors like Santosh.
A knowledgeable and experienced advisors like him can prove to the entrepreneurs to mold themselves according to the business atmosphere and can be helpful in becoming smart and confident. These experienced mentors play an important role in getting the information and support necessary to advance today’s entrepreneurs to move forward in a commercial environment.
If you are a entrepreneur and want personalized mentarships and guidance, then get more information about the Walmart growth program from here.