What Are the Tools Available for Small Size Business

Top 10 tools available for small size business to improve the efficiency

1. Keep score

this is one of the most important thing of few small business have an accurate idea of daily, weekly and monthly numbers and second thing is that financial position of the business. It’s more important that you should know about financial position of your business. It’s vital that you should spend necessary time keeping current on cash flow and fund flow etc. there should be comparative strategy towards financial position of the business if you lack the financial skills, hire an accountant, but still stay in the loop. 

2.Set goals

Always like keeping score and according this setting goals and objectives is an essential part of business success. First of all set goal with specific objectives and use that goals an ongoing planning tool to ensure you continue to move forward in your small business.

3.Use High Impact Marketing

It's always easy to waste money on ineffective marketing. In the small business you need to find out with low budget high-impact marketing means that invest low and gets high marketing to improve your small business. Test one or two new tactics and see the outcome of these tactics which perform best before adding them to your marketing mix. and always be up-to-date with marketing.

4.Master business Presentations

Always tries best powerful business presentation that can help increase your small business by leaps and bounds. start by learning the essentials of a memorable business presentation.

5.Monitor Trends

The events and changes in the global landscape have an effect on your business. Always stay current on trends and issues happening in your industry and local community.

that what’s happening in the industry and local community it should be understand by small business.

 

6.Sharpen Your Selling Skills

sale is a high return area for business improvement and also one of the major aspect of the business. if your sales of business improve you will automatically gets the high profit. Try to something new to increase your sales and whether you're a one-person operation or managing a sales team, you must focus on sales improvement.

 

7.Find Best practices

Every organization has its own ways of doing things that are tried and true. Avoid wasting money and time reinventing the industry is generally a good approach unless you're set on building the next Google.

8.Motivation

In the small business one of the most important thing is motivation that how to motivate the employee and how to maintain good relation with employee. Talented and motivated staff members can bring on big improvement in the business.

Learn what motivates your employees to high levels of performance.

9.know your Limits

Every successful business owner has a clear idea of their limitations. They know about their limitations

By knowing your entrepreneurial personality type, you can manage your resources and find help in areas of weakness

10.Take a Break

Running a small business is hard work.

sometimes the best way to improve your business and re-ignite your passion is take a vacation.

What is Stock Exchange in India

 Meaning of Stock Exchange

A stock exchange is an organized market where shares, stocks, debentures and other securities are bought and sold. Under the Securities Contract (Regulation Act, 1956 the term stock exchange has been defined as “an association, organization or body of individuals, whether incorporated or not, established for the purpose of assisting, regulating and conducting business in buying, selling and dealing in the list securities”.

 Thus, a stock exchange is an association of persons engaged in buying and selling securities. It is a market where dealings in the listed securities are made by the members of the exchange on their own behalf and on behalf of others. The stock which is an organized market in commodities.

The main features of stock exchange are as follows.

1.  An organization in the form of an association or the company.

2.  A governing board or board of directors to supervise and regulate the activities.

3.  A framework of rules and regulations.

4.  A system of communication between members.

5.  Brokers to serve as a link between the buyers and sellers.

 Definitions of Stock Exchange

According to Husband and Dockerary.

	“Stock exchanges are privately organized markets Which are used to facilitate trading in securities.”

  

Organization of Stock Exchanges in India 

 

Under the Securities Contracts (Regulation) Act, 1956 dealings in securities can take place only at the recognized stock exchanges.

-: There are 23 recognized stock exchanges: -

·     Mumbai (BSE)

·     Kolkata

·     Chennai

·     Delhi

·     Ahmedabad

·     Hyderabad

·     Bangalore

·     Indore

·     Cochin

·     Kanpur

·     Pune

·     Ludhiana

·     Guwahati

·     Kanara(Mangalore)

·     Patna

·     Bhubaneshwar

·     Jaipur

·     Coimbatore

·     Rajkot and Vadodara

·     Exchange(NSE) (Greater Bombay and over the country

·     OTCEI- Over the Counter Exchange of India and Inter-Connected Stock Exchange of India Ltd.

Every stock exchange is managed by a governing board or executive committee or Council of Management.

The members of this body are elected from among the themselves the president or chairman of the stock exchange. In the day-to-day management the governing board is assisted by a number of committees such as listing committee, arbitration committee, defaulters’ committee, admission committee etc. The governing board is empowered to make rules and regulations in consultation with the Government and members of stock exchange.

 

  

What is National Stock Exchange (NSE) 

 The National Stock Exchange was set up as joint stock company by all India financial institutions and banks on November 27, 1992. It started operations on July 1, 1994 to provide countrywide screen based on-line trading facilities to investors. There is which are linked with central computer at NSE. Nationwide trade facilities through electronic clearing and settlement system are available to investors. NSE is a countrywide on-line trading system, conforming to international standards. A company with a minimum capital of Rs 10 crore is eligible for listing on the NSE.

Objectives of NSE: The main objectives of NSE are as follows

1.  To establish a nationwide trading facility for equities, debt instruments and hybrids.

2.  To ensure equal access to investors all over the country through an appropriate communication network.

3.  To provide a fair, efficient and transparent securities market to investors using electronic trading systems.

4.  To enable shorter settlement cycles and book entry settlement system.

5.  To meet the current international standards of securities markets.

6.  Automated screen based trading with real time response.

7.  Nationwide access- no need for office near central processing unit. A trader can be located where.

8.  Anonymity of trading members, large orders can be placed in the system without fear of influencing price through settlement.