Major Developments Major Developments by Calendar Year

February 8, 2011

The Profile of MSME Sector in India According to the 4th MSME Census

Filed under: Small Business — Winson @ 3:37 AM

It was estimated that there were 2.61 crore MSMEs in 2006-07 according to the reports of 4th All India Census of MSMEs (2006-07). This was the first report that was made after the change of definition of the MSMEs. According to the Census, an enterprise is defined as a unit with fixed premises and hawkers, road side vendors were not included.

The Census reported that there were 0.15 crore registered units and 2.46 crore un-registered units. Among the small business firms 28% constitute for the manufacturing sector and 72% constitute for service sector. It was reported that the small business units constituting Apparel include 14.03% of the firms, Food Products and Beverages include 13.53% of them and Maintenance of Personal and Household goods include 9.25% of them.

The Census reported there were about 7.3 million manufacturing enterprises and 18.8 million service enterprises of the total 26.1 million enterprises in 2006-07 in the MSME sector. The number of women enterprises with 2.1 million constitute for 8%. There were 14.2 million rural enterprises constituting 54.4%. It was reported that per unit fixed investment was Rs. 38.78 lakh and per unit gross output was Rs. 46.13 lakh.

Employment was provided for 5.97 persons by the MSME sector including 0.95 crore from registered units and 5.03 crore from un-registered units. The per unit employment was also found to increase from 4.48 in 2001-02 to 6.24 in 2006-07. There was a decrease in the closure of MSMEs from 39% in 2001-02 to 21.64% in 2006-07. It was also revealed that there had been an increase in per unit fixed investment to Rs.33.78 lakh from Rs.6.68 lakh, and per unit gross output from Rs.14.78 lakh to Rs.46.13 lakh.

January 4, 2011

Web Holdouts of Small Businesses are Unsearched, Unfound, Unfulfilled

Filed under: Small Business — Tags: , , , — Winson @ 4:50 AM

Web marketing plays a major part in company’s development by transferring messages, advertising goods and services, all over the Internet. It has high potential of reaching a large market effectively. But many small businesses in U.S are unable to make their business presence felt in internet. It is major drawback for the development of small business.

According to a survey conducted by Neilsen and Webvisible, in last November, though searching for local product or service in Internet by various search engines like Yahoo, Google, Microsoft’s live search, is the No.1 priority for both consumers and small business owners, a huge segment of customer population, is missing out by the small businesses. It is because small businesses spent less than 10% of their marketing budgets on advertising in Internet. It is to be kept in mind that, 44% consumers turn to Internet when looking for local products and services.

According to other data, 40% of consumers say that problem finding a local business exists, as only 44% of the small businesses have their own websites. Small businesses are very reluctant to change their traditional way of running a business, as they found web marketing to be very expensive.

December 27, 2010

Half of Irish Small Businesses Plan to freeze recruitment in the next 3 months

Filed under: Small Business — Tags: , , — Winson @ 8:32 AM

The Small Firms Association (SFA) has conducted and released the findings of its Q2, 2010 Jobs Sentiment Survey on a total of 622 companies employing 13,750 people. The sample constituted mainly of manufacturing, distribution, retail and services sectors and from a regionally representative sample, which included all parts of Irish Republic.

The survey states that, during the last 3 months, 60% of companies have maintained current levels of employee numbers, but 29% of companies had experienced a decrease in employee numbers in the same period. Just under a quarter (24%) of companies expect a further decrease in the next 3 months.

The Q2, 2010 survey shows for the next 3 months, 14% of companies indicated the introduction of short-time working (a decrease of 1% on Q1, 2010) and 7% implementing lay-offs (a decrease of 4% on Q1, 2010). With an increase in 3% from Q1, now 50% of small firms will implement a recruitment freeze in the next three months. And 24% of firms will not extend any current employment contracts; this figure remains unchanged since the end of 2009.

In regard to training, 37% of survey respondents indicated that in the next 3 months they will be training and improving the skil of the staff.

Small Firms Association’s director stated that many of the small businesses are reluctant to recruit mainly because of economic and financial uncertainty.

With three out of five companies are hoping employee numbers to stay at their current level and 19% of firms expecting to increase their employee numbers, and with regard to training, 37% of survey respondents indicated that in the next 3 months they will be training and improving the skill of the staff, 2011 looks much better than the current year.

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December 10, 2010

Using Barcode Technology for Medical Laboratory

Filed under: Business — Tags: , — Winson @ 5:42 AM

In order to use barcode technology for your business, you will require a barcode software, barcode printer and barcode scanner. Barcode label is where the barcode is printed on. Barcodes contain the information of the products which will be read by barcode scanner. Barcode labels are printed using barcode printers.

Barcodes technology is used even in many laboratories today. Because it can reduce the amount of errors which are taken place in a lab and increase its productivity and work efficiency. Labeling in traditional method like handwriting, can take time and cause errors, handwriting can be difficult to read the result in incorrect patient matches.

Barcode labels is an efficient method of data entry as chance of errors is very less. Samples can be read and identified easily. Tracking the samples from time of receiving to disposal is done by a machine readable barcode system. Large amount of information can be fit on the barcode labels. Labs can be equipped with advanced tracking capabilities, will be able to get detailed data about patients. This is possible by using barcode technology in laboratories.

Patients’ data record will be accessed and updated by barcode scanners automatically through lab’s computer information system.

There are different benefits of using barcode system in laboratory:

  • Speed and accuracy can be increased.
  • Costs will be reduced.
  • Management and reporting will be improved.
  • Get clear, legible patient identification labels.
  • Label design and printing can be done quickly.
  • A lot of information about patients can be fit on the labels.

The above information is about barcode technology and benefits of this technology for laboratories.

November 26, 2010

Small Business Added New Jobs in the Month of July 2010 : NFIB Index

Filed under: Small Business — Tags: — Winson @ 10:36 AM

As per the National Federation of Independent Business’s monthly employment poll, about 10 percent of jobs were added by small businesses last month, which has increased from 5 percent. As per the July report, there was a loss of 0.15 workers per firm for the past 3 months which is down from June’s loss of 0.28. This implies that the private sector employment rate is improving. But, still there is a need for the new jobs to be created.

As per a poll by Reuters who polled economists reported that there was a slight increase in unemployment rate from 9.5 previous month to 9.6 in July. There is an expectation that the private employers would add 90,000 positions. There is a overall payroll decline of 65,000.

About 10 percent of the small businesses firms are planning to decrease employment which has increased by 2 percent from the previous month. Only 9 percent of the small business firms were planning to create new posts which has decreased by 1 point.

As per the poll on NFIB member firms, small businesses are the main source of increase in employment. But, these firms are reluctant to hire because of the uncertainty of pace of recovery and weak sales.

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