Blogs - Midas institute of entrepreneurship

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Business

An alternative to MBA in family business management

MBA is the flagship degree program for most young professionals in India who want to take a big plunge towards better salary compensation by converting into a Blue collar position. It has been a consistent practice because every professional hopes to earn a handsome package through placements. However, for millennials who have a family business to manage, there are better alternatives available in the present day....
Business

Family Business Succession Planning: 2022 Guide

Family Businesses are often an emotional entity that has been nurtured over the years by passing down the empire from one generation to another. Things stand different when family members run a business empire instead of people from outside. As the family business leader contemplates the future of business, the time arises to lay down a family business succession planning.Like any other business during the pandemic, the family...
Entrepreneur

Critical thinking for Entrepreneurs: Its importance, and how to develop it?

The Indian economy has recently seen an escalation in the number of aspiring entrepreneurs coming up with a breakthrough idea or product to change the world. At present, emerging small businesses and entrepreneurs are the reason countries globally are capable of keeping their GDP afloat. Employment opportunities are created, and new ideas as products and services emerge, making life convenient for the ordinary person.Now there...
Family Business

8 Reasons Why Family Business Fails in India

The Indian economy has many businesses owned and managed by families. With the passing decade, one generation transfers the power to the next in hopes of keeping the tradition intact and bringing in a newer perspective to make the business more adaptable to changing times. However, improper planning, no definite strategies for success, and a negligible attitude toward the resources and revenue, ultimately break the cycle of ag...
Business

Struggling to manage your expenses in your new startup venture?

All entrepreneurs struggle with expenses and how to manage them after a few months of starting a new business. This is because expansion necessitates increased overhead, supplies, and payroll costs. As a result, it is critical to cut unnecessary business costs. Cutting costs isn’t easy; it usually requires entrepreneurship and innovation, creativity and experimenting with new ideas you might not have considered before. I...
Business

Niche market and how it helps in creating business ideas

What is a niche market? A niche market is a subset of a larger market which is more focused and targets a very specific consumer need by selling specialized products or services. Companies concentrate on specialized markets in order to better serve a specific customer than competitors who aim for a broad audience. Correctly identifying a niche market and its audienc...
Business

Why Social Media presence boosts a business

With the advent of digitization, along with the outbreak of the coronavirus, several businesses have adapted to a social media presence. Be it on Facebook or on corporate networking platforms like LinkedIn, businesses can be spotted everywhere. Several start-up courses include a social media model in their curriculum to teach the students about...
Customer

Importance Of Customer feedback

“Treat your customer like they own you, because they do”. Customers own a big part of your business, every word that customer says matters. So it is necessary to listen to them. Customer feedback is what makes your business standout from other businesses. Customer’s feedback is the best way to see that your efforts bring desired results. Customer feedback plays an important role in businesses. Here we have discusse...
Entrepreneur

Challenges an entrepreneurs programme helps you tackle

The path of entrepreneurship to reach the final destination of finally opening a business is a tough one filled with several challenges. From sowing the seeds of a starter through creating business ideas to gathering funds and tackling competition, the challenges on the journey shape an entrepreneur for carrying the business forward. Here are four commonly observed challenges that an entrepreneur may face...
Family Business

Challenges Faced By a Family Business

Family businesses have existed for hundreds of years and are seen across all industries. Just like any other company or business, a family business faces various challenges ranging from changes in the economy to competition in the market. However, a family business has its own set of challenges that are unique to the nature of the business structure. Let’s see what are the most commonly faced challenges in a family business....
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