your password has been reset successfully, Please login again.

5 Key Business Enablers Picking Up Pace Online

An entrepreneur must stay up to date in order to grow their business. Here are 5 key enablers that will help businesses grow.
BY Akshay Arora
Feature Writer, BusinessEx
Dec 29,2017

Businesses are always seeking for expansion opportunities whether its online or offline. In the present scenario, digitisation plays an important role in driving a business towards success. It has surely widened the scope of business functioning but there are still a lot of core areas that are lacking behind which are expected to pick up the pace in 2018.

The major reason behind the areas that are still lacking behind is that over 68 per cent of the small businesses are still offline and rest of the businesses are not utilising digitisation to its full potential, according to KPMG report. The report also added that business catering in online space has seen twice the growth than the offline businesses.

But these trends are now changing and entrepreneurs of small business are realising the need of taking the business online after seeing the rise in business growth rate by going online. Lets see 5 online key business enablers that are expected to pick up the pace in 2018.

Incubation

The digital wave has brought a lot of growth opportunities for businesses and incubation is one of them. The fastest way to growth is incubation which was a hard to find the solution in offline space but not in online space now all because of online networking portals like BusienssEx. You can find an incubator for your business online or you can also seek for virtual incubation. With the introduction of virtual incubation, you can take the benefit of using the services online from any incubator all over the world. It is analysed that over 70 per cent of the work of an incubator can be carried out virtually and at low cost.

Mentoring

With digitisation, seeking for mentorship is simplified. If you want to reach out to mentors that can help your business then you can easily access services from online networking portals like BusinessEx. These portals help to connect with the relevant business professionals as per your business requirements. You can take mentorship online as well if you dont want a personal mentor. The barrier of distance and time is removed by these networking portals.

Easy Buy/Sell

Entrepreneur whether looking for franchising options, selling or buying options can now easily find opportunities through online networking portals as above mentioned. This trend is picking up the pace and it is expected that a lot more buying and selling business deals will take place through these online platforms. A platform like BusinessEx provides an opportunity where anyone can sell or buy a business in the diversified industry as well as location.

Investment

The major drawback of slow growth of small business is lack of funding. Due to a high percentage of businesses operating offline they dont know the benefit of the online business marketplace where they can easily reach out to potential investors to raise funding. These marketplaces are now picking up the pace in business ecosystem in order to raise investment.

Business Valuation

It is essential for every business to analyse their business value from time to time which will help them in decision making and business planning. But many entrepreneurs think it as a time-consuming process and doesnt want to put their precious time in it. Entrepreneurs must understand the need for business valuation and use the simple approach by registering on BusinessEx portal and use business valuation calculator.

Please add your Comment
SIMILAR Articles
June 29, 2018
Failure is a part of being an entrepreneur but the ability to back up and try again makes a successf ...More
By Sanjana Surbhi
June 28, 2018
There are many such inspiring and motivational stories that will boost you to keep going. To get mot ...More
By Sanjana Surbhi
June 27, 2018
The more you know about where your time goes, the more you’ll be able to hold yourself accountable ...More
By Sanjana Surbhi
June 22, 2018
The key to any successful business is the ability to make right decisions ...More
By Sanjana Surbhi
June 20, 2018
Textile market place covers a wide range of cloth product and accessories such as fibre, yarn, text ...More
By Sanjana Surbhi
June 18, 2018
With changing technology, it is now possible to start almost all kind of business from home sooner t ...More
By Sanjana Surbhi
June 15, 2018
One of the many reasons for failure is that the entrepreneur themselves are unaware of the mistakes ...More
By Sanjana Surbhi
June 14, 2018
To manage an effective team, you must encourage your team and help them out with proper solutions ...More
By Sanjana Surbhi
June 14, 2018
Employees are the wheels of all the companies. You need to keep them motivated and for that you have ...More
By Sanjana Surbhi
June 13, 2018
Social media, a source of entertainment and an idea of time pass is now becoming an important tool o ...More
By Sanjana Surbhi
June 12, 2018
India is the third largest startup economy in the world but only 9 percent of the startup founders a ...More
By Sanjana Surbhi
June 12, 2018
Does work-life balance help people to be more productive. Work is definitely your priority but don’t ...More
By Sanjana Surbhi