No idea is bad, they all are dots which connect your business journey path

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The owner of a big Cafe shop started suffering big losses in his profits. His loyal customers were no more coming to have their favourite coffee, plus very few new customers were turning up. After researching and gathering feedback from some customers, he found that people were getting “bored” with his menu and there was nothing which charmed them. Hence, he brainstormed and came with idea to introduce new food items and include a live guitar performance each day. This demanded good investment and it was a risk he was willing to take. Loaded with new food items and hiring a professional singer/musician, he started promoting his cafe through various ads. His efforts worked and new customers started coming. But, after few days, again he reached back to where he had started. Customers started declining again. This trend continued for days and business was again going in loss. Dejected by his failed ideas, when he reached the brink to close his business, he got an offer from one of his happy customers who was a big investor. That helped him to carry out new ideas and his business again was in profit!

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Just because his initial ideas didn’t worked out in his business, it doesn’t mean its useless! No idea is bad, they all are dots which connect your business journey path.

We @NeoGrowth help in the success of your business journey through our loans!


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

No one understands your business better than you!

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A young entrepreneur wanted to start a business with only 3 thousand rupees in his bank balance. Everyone in the society ridiculed him and gave him the suggestion to do a MBA and get a good job. But the young entrepreneur listened to none. He used his first 1000 rupees to buy some “dry fruits” from a trader friend at a cheaper rate and tried to sell it to his friends/relatives. Days passed but none of his friends/relatives bought it. Most of them said that by not buying his dry fruits, they are doing a favour to him so that he can stop this activities and do something more “productive”. After lot of thoughtful days, the young entrepreneur decided to use his next 1000 rupees. He went to his same trader friend and bought more dry fruits at a good whole sale rate. Now having double stock, he again went to his relatives/friends and again asked them if they want to buy it. They all were shocked to see that he has more stock with him than before. And they all enquired – “How come you have more dry fruits than before”. He replied with a smile to everyone – “ I am being more PRODUCTIVE”.

Everyone thought that his business is growing. And this is when the young entrepreneur got his FIRST sale!

———

No one understands your business better than you! Patience, perseverance and financial help is required to succeed in your venture.

NeoGrowth loans is your financial support for your business! 


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

Don’t like but love your business!

Once a student asked his teacher:

“Sir what’s the difference between “like” and “love”?

The teacher’s answer was a masterpiece:

“When you like a flower, you just pluck it. But when you love a flower, you water it daily! ”

———–
Once you start loving your business, you will start caring more for its proper growth. Stop liking and start loving your business!

NeoGrowth loans will be a great help for your business proper growth.


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

Focus more on your business through NeoGrowth loans

On his 9th birthday, a father gifted a magnifying glass to his son. With full enthusiasm, he tried to light up a paper with it using the sun rays coming from his window. He kept moving the glass in the hope that it will light up the paper faster. After few minutes, his patience wore off and felt frustrated.

On watching this, his dad approached and told him “Focus to not move and you will get it work”. He tried again without moving and with a smile on his face the paper finally lighted up!

Focus more on your business through NeoGrowth loans


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

Get the strength and support for your business through NeoGrowth loans!

A boy along with his father were in a sports shop. The boy saw some dumbbells in the shop which some buyers were lifting and checking it. His curious mind asked his father-

“Can i lift this dumbbells, like this people do?”

His father responded –

“ If you use all your strength, then you can”.

The boy pumped himself, took a deep breather, closed his eyes and with all his strength he tried to lift a dumbbell placed on the lowest shelf. He tried desperately and finally he gave up. Filled with sadness, he asked his father –

“You told me i could lift it!”.

His dad gently smiled and said,

“I told you to use all your strength. You never asked for my help.”

The boy understood, and giving a slight smile, both lifted the dumbbell!


Your strength is not only yours but your support system too!


Get the strength and support for your business through NeoGrowth loans!


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

NeoGrowth Mantra Tips for a successful business

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The three pillars to achieve success in any business venture are:

  1. Hard Work: Yes, you must have heard it many times! But nothing comes easily. If you ask any successful business man that what is their success mantra- they will all have one word in common – determination, perseverance and hard work. Hard work doesn’t mean success always but it means a strong determination and passion to follow a path in which you believe. It may bring you success , it may bring you failure but hard work is the journey which you need to cherish to go on!

  2. Right Approach: To reach your business goal, there may be many approaches. Its upto you to decide which will be the best for you. Sometimes, you need to change your approach, leave old ones and adopt new ones – but whatever you do – it should be done with proper thought and consideration. A right approach is determined based on your customer preference, technology, latest trends and other factors influencing your business.

  3. Funds at right time: All business at some point of time need funds to grow/expand/revamp themselves. Proper funds at the right time is essential for the success of any business. We @NeoGrowth help you achieve your business goals through our loans.


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

How NeoGrowth helps SMEs to get access for working capital

SMEs are gathering strength and showing massive growth levels and (future) potential in today’s economic scenario. However, despite this being the case, in a good number of countries in the world, gaining access to and managing working capital continues to be a major obstacle that SMEs have to contend with.

“Working capital”, in the simplest terms, refers to the liquid capital (i.e., cash or funds) that SMEs can use to match the growth rate of the business. And, currently, the major hurdles SMEs have to face (and work with) are the huge gap that exists between the funds required by SMEs and the funds actually available, and efficiently managing the lean capital that they do have access to.

Challenges That SMEs Face

Why this gap between available funds and required funds exists in the first place is because the very nature of SMEs makes most banks and financial institutions hesitant to pour funds into them. (On the flip side, though, many SMEs, even when they do qualify for financial aid, also do not find the available schemes and loans suitable for their requirements.)

Here are some of the challenges that cause this scenario:

  • Low Revenue, High Cost Requirements of SMEs: SMEs often follow a business model where the revenue they gain per customer is pretty low in comparison to the startup’s cost of production, distribution, and manpower. And this in turn makes credit risk a high probability, which consequently makes banks hesitant to invest in such enterprises.
  • Lack of Entrepreneurial Experience: SMEs are mostly run by first-time entrepreneurs who lack experience and references in their fields. Hence, they often find it difficult not only to manage their available finances, but to also to raise more capital from investors when they need it. And sometimes, even if they do know how to manage their finds well, they still won’t have enough references or backing to convince the investors to pour more funds in the business.
  • Lack of Financial Records and Books of Accounts in SMEs: Lack of financial books and credit history is another major reason why investors are hesitant to aid SMEs. As most SMEs use cash transactions and don’t maintain proper books of accounts, it becomes difficult to analyze and see a firm picture regarding the financial status and potential of the business. And this, in turn, makes SMEs a high credit risk.
  • Lack of Credit History and Conventional Banking Standards: SMEs often have little to no credit history thanks to their lack of official financial records and cash transactions. Plus, SMEs concentrate more on their business model than establishment. And both these factors make it hard for banks to analyze the business’s credit reliability, which consequently makes banks and other financial institutions steer clear of such investments. Plus, in the Internet age, SMEs have even leaner establishment boundaries and logistics, which aids their business’s growth. However, conventional banking standards still don’t consider these factors and can only see a credit risk in the lack of elaborate establishment of the business. Hence, banks (again) are not willing to risk pouring funds into SMEs.

Managing Working Capital

Working capital management refers to managing the assets and liabilities that SMEs already have. And effective working capital management is more or less what stands between a startup remaining solvent or going insolvent. So here’s what should be looked out for in order to implement the effective management of working capital in SMEs:

  • Educate SMEs on Effective Working Capital Management: Even if the working capital of a small business is lean, effective management of those funds can be stretched for maximum use and productivity within the business. And, since many new entrepreneurs lack experience here, they should first and foremost be educated on effective financial management practices.
  • Keep an Eye on Cash Management: Careless cash management can ring the death knell for small businesses. Hence, keeping a careful eye of the management of funds and cash usage in day-to-day business transactions is vital. Maintaining regular, clear, and detailed financial records and books of accounts is a good first step to efficient working capital management.
  • Adopt New Technologies: Depending on the type of business, SMEs should not be shy to adopt relevant innovations and technologies into the business. Especially include technologies that reduce costs as well as help SMEs keep track of their finances.

Getting Access To Working Capital

SMEs, in spite of the challenges they face, can still gain access to working capital, even if not as quickly or as much as they require. Here’s how:

  • SMEs should maintain clear financial records. For, information asymmetry is one of the main reasons banks and financial institutions are deterred from investing in SMEs.
  • The Government has already put into effect various schemes and benefits that SMEs can avail. However, most SMEs are not aware of them. Becoming aware of these schemes would give SMEs easier access to the much-needed funds they require for growth.
  • Delayed payments in the course of business should be strictly supervised and reduced as much as possible.
  • Choose NeoGrowth Credit Pvt. Ltd. which will help in securing working capital and empower businesses.

Governments have mostly already started working towards closing the gap between the available funds and required funds for SMEs. However, more still is left to do. On every side though – the banks, the Government, as well as the on the SMEs’ side – improvements in organization, management, and adoption of new innovations and technologies are necessary to close this gap and help SMEs gain access to the required working capital.


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

#NeoGrowth Business loans better than business bank loans!

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NeoGrowth loans better than business bank loans!

NeoGrowth offers loan upto Rs.75Lacs* for businesses accepting credit/debit cards

 NeoGrowth loan comes with unique features like :-

  • Door Step Service
  • Minimum Documentation
  • Quick Approval
  • Automatic Repayment

You can use this loan to add more stock, modernize your store, implement better technology, market your business and eventually grow your business manifolds.

***For applying for our business loan, please contact your executive by filling our application form:

https://www.neogrowth.in/applyNow/

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