Government giving upto Rs. 15 Crores Unsecured Loans to Entrepreneurs

UPI - United Payment Inerface

What is UPI

United Payment Interface

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• *It is a payment system that will allow you to use a mobile phone to make money transfers. A virtual debit card, if you will.
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• *The UPI is a system for instant, online bank payments.

How UPI APP Works

• *To send money to someone, you need to know only their UPI ID – a virtual identity like an email address. This could be your name, or your phone number, so for example, if your phone number is 1234567890, then your virtual address could be 1234567890@sbi (if your bank is SBI) or 1234567890@axis (if you’re an Axis bank customer), and so on.
• *By Using UPI app not need of knowing the recipient’s name, their bank account number, and IFSC code (or bank branch).
• *UPI is built on top of the IMPS, which you may have used to transfer money between bank account. *Like IMPS, UPI is immediate, and works 24×7, through the year, unlike NEFT or RTGS services,      which have specific working hours.
• *The UPI can also be used for shopping online – instead of entering your debit card number, expiry date, and CVV code, followed by waiting for the OTP, you’d just enter your UPI ID, and get an alert on your phone to verify the transaction.

Benifits of UPI

The biggest impact of this app will be on third-party payments. Today, if you want to pay someone, you need to add him or her as a beneficiary. You need the IFSC code and bank account number and branch etc. The UPI app does away with all this. All you need is the receiver’s unique ID. Open the UPI app, select the amount to be paid, add the unique ID of the beneficiary and select ‘send’. The app will ask for a mobile pin to authenticate the payment after which it is done.

Every bank requires you to download its app. So, if you have two bank accounts, you will find yourself needing two apps on your smartphone. But, with this interface, the customer needs to download only one app. The UPI interface will network all the banks together and make it possible for the customer to make her transactions using a single app.

Safety of UPI

Yes Very much so. The customer will be given a virtual ID and won’t have to disclose her bank details. Of course, she will have to authenticate her ID with a password.

How to use UPI App

1. Every Customer will need to have a bank account and a smart phone.
2. Now Download the UPI app from Play Store
3. Now Connect the bank account
4. Create a Unique ID
5. Generate a mobile pin
6. Also link Aadhaar number

For all Loan requirements visit www.ezeeloans.com

*source: CAKnowledge site

Msme World Entrepreneurs and Startups Networking and Business Development Meeting in Hyderabad

Dear Entrepreneur

Invitation for *"Msme World" Meeting in Hyderabad*

Hello Friends
Invitation for Msme World 7th Meeting
Date : 31st July, 2016 from 3.00 PM onwards.
Venue : Lions Bhavan, Paradise, Secunderabad. Land mark : Back side of HDFC BANK.

Agenda :
1. Welcome address
2. Introduction of Participants
3. Business Promotion by any one member.
4. Workshop on *Designing a Successful Marketing Plan*

This program includes following / cover following topics
a. What is Marketing
b. Importance of Marketing for Business Success
c. Designing a Successful Marketing Plan - A powerful, simple and easy approach.
d. Q & A session on topic.
5. Business Promotion by Sponsor.
6.Open Networking with fellow entrepreneurs.

We solicit you presence for the meeting.
Please kindly confirm your participation.
Note : Registration charges FREE for members who paid Rs. 1000 annual charges and
Rs. 100 for others. Registration charges to be paid at the venue

Regards

Srikanth

Msme World

Msme World Networking Meeting Review

Review of Msme World Meeting held on 29th May by Mr. RAM

THE MAY EVENING REPORT

The legendary Cricket commentator Richie Benaud once said, " the hint to witness, about a great innings,is actually in its start as a lazy, hopeless and a very slow note". YES, the MSMEWORLD' evening is nothing short of the statment and it went on to prove it to be a testimonial to the intent too.

On the face of the evening has multiple odds; a VERY HOT May evening, The LACK of the Volunteers, a TYPICAL inidan-type-punctual start, the ABSENCE of lot of assured members who pompored their presence on whatsapp for over a week and last the effect of IPL Finale, but these aren't enough to hold to hijack the event;it was just not being there, but members expereinced the vibrance with each session and thorough participation.This evening will go donw in memory as a composed persepctives of significance, vibrance and blend of MSMEW' traits in creating a successful entreprenurial community in net-working making net-worthing.

SUREN, from Nano Technologies, set the beeline for the evening, by breaking open the zinx of SOCIAL MEIA and its influence on business with a simple presentation. He detailed the im-pact,in-pact and in-tact facets of the business communitations to be focused by showcasing a couple of solutions, suggestions and directives in creating a successful social media capmapaing for the organisations. The timeline description of statisitics and media utilised by organisatons to reach customers has worked out well and set him a right sales pitch for his offerings and expertise.

GANGADHAR K,popular as GK, for me he is more a classic narrator than a trainer,has sustained to draw a captivative presentation in explaining the less explored poritons of LAW(s) of ATTRACTION in simple terms. The ability displayed in manuvering through intutive excercises with members has no parllels and importantly made the members to realise the actual fatal truths behind the giggles and cheers. A nothing less than powerful presentation in making audience disassociating and dispelling the myths attahced to one's beliefes, trust and expectations through their actions, is just a feat to expereince. The reference to DRUAPADI's instance is perfect exemplary to cherish.

DHARMAJA Gopinedi, a shyful, writer-entreprenuer, has just brought the needed freshness,a much necessary after a tea-break.His session is niche, as he touched upon the 'Need for High value(d) Life, through six must practices', is a high range pitch for enterperenuers to ge their basics right, before they set business performance. His book drives straight away a hot value and sense to imbibe in our daily lives,and seriously no time to waste in deciding to act upon the same.

NARAYAN, from the Bakey's, the serial-visionary-enterprenuer, set the note of his Bungey jump entreprenurial journey through instances, ideas, pleasures, humilations and success is phenomenal and phenomenon. The much struck visible impact was that the members are all ears to his narration and importantly have connected to the emotion too.It's no surprise,he has been the MAN of the day for selfies, snaps and garnered members wishes to success than any.

VENU BHAGAVAN, the life coach & business mentor, for me he has been the ZUZU of the evening; he just CAME, CLASPED and CONQUERED every living sense in the adutitorium with his breathing spirit, sense and soothing instances with each statement. The beauty of the engima is, he carved over the gastronomic cravings was just one of the defining moment,a rare acheveiment and it appears as if it has been his impactful routine. Neither venu or the audience had shown any signs of the exaust and were cheering to have more exictment, a signatural foot print was just realised and all non-attendees have to regret for missing the liners between the lines.

MSME WORLDS'S ' TRANSFROMATIONAL TOUCH SAGA SAILS ON & FORWARD.See you soon.

Join Msme World group on Linkedin and Facebook at https://www.linkedin.com/groups/8313602

https://www.facebook.com/groups/msmeworld/

Business Networking

I am sharing below few of my posts in Facebook on Business Networking

Developing our Business Network 

Our network is an Asset. Take advantage of it to grow your business, leverage it for mutual benifit. But don't misuse or abuse our network.
For healthy networking, I am planning to share my thoughts over the next few days.

Building Business Relationships and nurturing them is more important for success of any business.
But many business people give least importance to this main facet of any business success.
Msme World is bringing entrepreneurs together on a single platform to help you develop your network and thereby your business.
So do participate actively in the monthly meetings and keep engaged with other entrepreneurs by sharing information which create value to you and your business.

Networking for business doesn't mean only expecting business from our connects. It is a two way give and take. You need to reciprocate for the support you have received, else the relationship will be endangered. 
To be more successful in Networking 
First you try to be a resource to others. Give something to them before asking anything, this is the basic tenet of successful networking, and be assured it will be reciprocated and you will be rewarded manifold. More importantly if you create a value for yourself and your business in the group through positive voluntary contribution and
engaging with fellow entrepreneurs, you can establish yourself as a leader in that area of business, as people want to do business with known people and leaders, then you need not ask for business, they will come to you and want to do business with you.
So don't be in hurry and rush to do business in your network. First develop trust, create value, be patient, make your future connects confortable, cultivate each of your connect as an asset, if you take care of your network it will take care of you. Let us build a healthy network, let us not be greedy and in a hurry do something like a farmer who killed the goose whuch was giving 1 golden egg a day ( it is a story almost everyone might have heard or read in their childhood).


We all are having a very big network on Various Social Media platforms , let us leverage these contacts for mutual advantage of our and our contacts , to begin with let us turn those Virtual connections into real connections, lesser known contacts into a well known contacts. We are connected virtually on Facebook, LinkedIn or Whatsapp. Use technology to develop connects, then strengthen and nurture relationships by meeting our connects in person.
Msme World offers such an opportunity through monthly networking meetings to meet your virtual connects in person and strengthen your relationship.


Most of the entrepreneurs start their business and wait for the customers to come, 
imagine a fisherman building a pond and waiting for fish to come to his pond, instead he should go and find the fish where they are and then start fishing where the fishes are in plenty.
Business Networking is a place where a Businessman can find leads, references, prospective partners and investors.

Just being a part of Msme World or such any other groups for networking will not guarantee you success. If you are just an observer or a visitor at meetings or any other online group, you will be left behind, you will be just a bystander or a witness for others success. For your success, You need to take initiative, engage with others, deliberate with them, try to understand how you can help them in their business and what help they can do to you or your business.

When you are Networking keep in mind, your connect may not be useful to you immediately or in short term , but he may be of help to you in future or can connect you to someone, who can help you.

Anyone can become good at Networking, important thing is have patience , don't overdo or overkill your networking, dont look at your network only for short term or immediate gain. In long term most of our connects can be of use. You should have a clear plan and strategy to develop and maintain your network. Give sometime to develop and nurture your network. Your network will become your biggest asset and help you develop your network. 

Buying Habits of Consumers

What are the new Buying Habits of Consumers?

By understanding your consumers' buying habits and how they make decisions, you'll have priceless business intelligence at your disposal.

Purchase decisions are never made blindly. Even the most impulsive shoppers can be slotted into specific and predictable consumer buying decision categories.

Most buying habits are led by a number of factors that you may not have even thought of.

How does your target shop? How often? Where? When? How much do they spend? Do they shop independently? Or with a friend? Online? Or in store? How much research do they do? Are they impulsive? Are they negotiators?

And by understanding consumer habits better than your competition, you'll be able to sell your target what they want before they even know they want it. It will help us take consumer shopping to an entirely new level

I asked for responses for the question posted on “MSME WORLD” Forum

I got following responses from members, similar responses are clubbed together.

·         I am doing business, not able to understand customer decision making, and what factors are influencing them?

·         As a mobile developer, I have experienced that customers of the apps are more demanding now. Apps need to keep users engaged otherwise users they will remove the app. Also, users expect lot of quality features with almost no payment. Apps like Watsapp, facebook, instagram, google maps, gmail have set the standards really high and they all are free apps with almost no ads. So people are spending lot of time on mobile apps but not lot of money.

·         Best options of products, Best choice of prices

·         Unpredictable

·         Consumers are becoming more brand conscious

·         Rapidly changing landscape of buying things online. Groceries to merchandise as there are plenty of options available online to compare and choose the best

·         Quality service /product is the main criteria to bring back customers give repeated business.

·         Mobile space too is growing rapidly.. Consumers want quick and immediate results so it's important for businesses to have mobile presence

·         Deals and coupons are great ways to promote and win customers. Win win situation for both the parties

·         consumers do check the reviews before buying any product/service so having or maintaining good brand and positive review will help

·         Social media, seo. And other digital marketing campaigns

·         Online shopping which saves time n travel. I can compare features, price n buy as per wish n need. The moment I want a product to buy, I'll surely check it's reviews online.

·         they review the ratings before buying on Google plus or any other trusted source

·         Cheap and best...

·         if their need is sachiated 

·         after sales should be par excellence..in fact 24/7 would be awesome

·         Money is no more an issue provided the focus of the seller is in giving benefits to his customers

·         Buying decisions became fast, sometimes spontaneous

·         Gather information online, offline, post on facebook asking recommendations

·         Refund policies , if not happy goods can be returned

·         Advertisements, celebrity endorsements

·         More demanding , punish and overkill ( Maggi )

And by understanding consumer habits better than your competition, you'll be able to sell your target what they want before they even know they want it. It will help us take consumer shopping to an entirely new level. Hope the above post will benefit entrepreneurs.

 Join Msme World Entrepreneur Group on Facebook and Linkedin

Convert Challenges into Opportunities

Recently I posted a question asking friends to share challenges and problems they face in their business.
Response was overwhelming, again I asked them what we need to do to dominate the market, to my surprise I got only 2 replies . I understood that problems are dominating our mindset. They are occupying majority of our mind share. We are unable to look at opportunities or positives of business. I found almost every entrepreneur is facing some problem.

It is a great revelation to me. I found a great opportunity in it. When everyone ( including us ) are engrossed in problems, It is easy to dominate that market. We have to think differently. Let our compititors busy taking care of day to day problems, and let us focus on enormous opportunities they are not able to see.

we have to devise a system and automate our daily routines , we can use our resources on better things. We are having vast resources in our group, we need to use them, we should learn to leverage and use them to best of our advantage.
what is the use of resource if we don't know how to use it , it is as good as not having it.
Let us start thinking positively and look for opportunities. Opportunities are everywhere, business is everywhere, only we need to look at them with a positive mind.

Join MSME World on Facebook , Linkedin