Power cuts plague small-scale business - Times of India

Power cuts plague small-scale business - Times of India


Power cuts plague small-scale business - Times of India

Posted: 29 Sep 2019 08:52 PM PDT

AURANGABAD: The Maharashtra State Electricity Distribution Corporation Ltd (MSEDCL) which has recently shifted the overhead cabling system to underground cabling at Chikalthana MIDC has failed to keep power cuts in check. The Marathwada Association of Small Scale Industries (Massia), on behalf of the affected industries, has submitted a memorandum to Maharashtra energy minister Chandrashekhar Bawankule on Sunday.
Hundreds of industries, mainly small scale industries, in Chikalthana MIDC have been facing severe production issues due to power outage. According to Massia, Radiant Agro, Industrial -1, Industrial-2, Greaves and Ellora feeders supplying power to industries in Chikalthana frequently suffer from power outage. Also, the frequency of power outage has increased over the last three months.

Austria Prepaid Cards Business and Investment Opportunities Report 2019: Consumer Attitude & Behaviour, Retail Spend, Market Risk 2014-2023 - Yahoo Finance

Posted: 30 Sep 2019 05:30 AM PDT

DUBLIN, Sept. 30, 2019 /PRNewswire/ -- The "Austria Prepaid Cards Business and Investment Opportunities - Market Size and Forecast (2014-2023), Consumer Attitude & Behaviour, Retail Spend, Market Risk - Updated in Q3, 2019" report has been added to ResearchAndMarkets.com's offering.

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The prepaid card market (value terms) in Austria increased at a CAGR of 17.3% during 2014-2018. Over the forecast period of 2019 to 2023, the market is expected to record a CAGR of 12.4%, increasing from US$ 3.8 billion in 2019 to reach US$ 6.1 billion by 2023.

This report provides trend analysis (market size and forecast) of prepaid (pay before) cards, offering a wealth of insights to help companies understand this growing but quickly changing market.

Report Scope

  • Austria Prepaid card market data and insights: It details market opportunities across 75+ market segments in prepaid cards and identifies potential risks. Market estimates and forecasts (2014-2023) assess overall prepaid card industry on four essential KPIs - number of cards in circulation, number of transactions, load value, and value of transactions.
  • Austria Prepaid card analysis consumer segments: Retail (banked and unbanked / underbanked), corporate (small scale, mid-size, and enterprise), and government / public sector
  • Austria Prepaid card spend analysis by consumer demographics: Age, income, and gender
  • Austria Prepaid card spend analysis by retail spend categories: Food and grocery, health & beauty, apparel and footwear, books / music / video, consumer electronics, pharmacy and wellness, gas station, restaurants & bars, toys, kids & babies, media and entertainment, services
  • Austria Prepaid card spend analysis by card function: Closed loop and open loop segments
  • Prepaid card categories: Drawing from proprietary survey results, this report provides in-depth analysis of opportunities in both open loop and closed loop prepaid card categories.
  • Austria Gift card spend analysis: Market size and forecast by functional attribute (open loop and closed loop) and by consumer segments (retail, small scale business, mid-size business, and enterprise business). Also, breaks down the market size by consumer behavior, covering gifting occasion, card type (paper, plastic, digital), and market share by retail categories.
  • Austria Business & administrative expense card spend analysis: Market size and forecast at category level and by consumer segments (government, small scale business, mid-size business, and enterprise business).
  • Austria Payroll card spend analysis: Market size and forecast at category level and by consumer segments (government, small scale business, mid-size business, and enterprise business).
  • Austria Meal card spend analysis: Market size and forecast by consumer segments (government, small scale business, mid-size business, and enterprise business).
  • Austria Healthcare and wellness card spend analysis: Market size and forecast at category level.
  • Austria Consumer incentive card spend analysis: Market size and forecast at category level and by consumer segments (government, small scale business, mid-size business, and enterprise business).
  • Austria Employee / partner incentive card spend analysis: Market size and forecast at category level and by functional attribute (open loop and closed loop) and by consumer segments (government, small scale business, mid-size business, and enterprise business).
  • Austria Travel forex card spend analysis: Market size and forecast by consumer segments (retail, government, small scale business, mid-size business, and enterprise business).
  • Austria General purpose card spend analysis: Market size and forecast at category level and by consumer segments (banked and underbanked / unbanked).
  • Austria Remittance card spend analysis: Market size and forecast at category level.
  • Austria Teen and campus card spend analysis: Market size and forecast at category level and by functional attribute (open loop and closed loop).
  • Austria Social security and other government benefit program cards spend analysis: Market size and forecast by functional attribute (open loop and closed loop).
  • Austria Insurance claim card spend analysis: Market size and forecast at category level.
  • Austria Entertainment and gaming card spend analysis: Market size and forecast at category level.
  • Austria Transit and toll card spend analysis: Market size and forecast at category level.
  • Austria Fuel, utilities, and other cards spend analysis: Market size and forecast at category level.

Companies Mentioned

  • Internationale Spar Centrale BV
  • Aldi Group
  • Metro AG
  • XXXLutz Group
  • Schwarz Beteiligungs GmbH
  • Tengelmann Group
  • The Steinhoff International Holdings Ltd
  • M-Preis Warenvertriebs GmbH (Mlk)
  • Amazon.com Inc
  • Pfeiffer HandelsgmbH
  • Hagebau Handelsgesellschaft fr Baustoffe mbH & Co KG
  • dm-Drogerie Markt GmbH & Co KG
  • Inter Ikea Systems BV
  • H&M Hennes & Mauritz AB
  • Markant AG
  • Expert International GmbH
  • eBay Inc
  • Management Trust Holding AD
  • C&A Mode AG
  • Mller Ltd & Co KG
  • Sport 2000 International GmbH
  • Bauhaus GmbH & Co Kg
  • Intersport International Corp (IIC)
  • Otto Group

For more information about this report visit https://www.researchandmarkets.com/r/vviy8n

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Research and Markets
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A small business that makes donuts for dogs struggled to scale up – this is how it got back on track - Yahoo Finance

Posted: 30 Sep 2019 12:08 AM PDT

Business Insider has partnered with CGU Insurance to help rescue Australia's lost ambition.  »

Starting a business is no easy feat, no matter the industry or the needs it's trying to meet, and many businesses fail to succeed or even get off the ground.

In fact, according to Australian Government data, 424,144 ABNs died last year, so there's no shortage of lost ambition out there. People are not prepared for the reality of running their own business, but even if the odds are stacked against you, it doesn't mean you can't try again.

In 2016, Thea Mendes started her own business called DOMUTS, which sells donut treats for dogs, but the side-hustle business was unable to keep up with demand and eventually folded. The thing is: Mendes believed the idea was a good one.

The original idea for DOMUTS actually came from Mendes' son, Marcus. While working at Mendes' regular donut market stall one weekend he wanted to give one of the customer's dogs a taste of the product but was told it would make them sick. That's when he got to work researching ingredients that dogs are actually able to eat.

After a little while, the family business was unable to keep up with large orders and the recipe simply couldn't handle being prepared long in advance and frozen to meet demand. Mendes ultimately shelved the whole thing but later decided to give it another go with a little bit of help.

The biggest hurdle DOMUTS faced was scaling, and when you're working a full-time job and running a family home, it's not an easy concept to tackle.

"The biggest thing we failed to do was work out when to scale up the business, I had no idea where to start," Mendes told Business Insider Australia. "I was just a working mum baking DOMUTS throughout the night. My oven could only bake 30 at a time so I would go to bed with trays and trays of DOMUTS and when the oven timer would 'ding' at 2am, I would wake up and put the next batch into the oven and would do so every few hours throughout the night."

Without a helping hand, taking a business from the family kitchen to a commercial kitchen is a daunting prospect, particularly when it's more of a part-time venture on top of a regular 9-to-5 job. As Mendes puts it, "it felt like I had a newborn baby at home and was getting up every few hours, so fatigue quickly set in."

But DOMUTS got a second chance when Mendes saw an opportunity to rescue her ambition with assistance from CGU Insurance, who wanted to rescue one of the many cancelled ABNs, which would help her get everything back on track.

"It was a light bulb moment," Mendes said. "I indeed did need help and I finally felt relieved that maybe someone could help me scale DOMUTS."

She said she was honest in her application and it worked in her favour.

"My pitch to CGU was written from my heart. I didn't consult a professional writer. I told them how a simple idea that grew too fast for me to cope with, really is still a good idea, but I needed help and direction."

Mendes detailed her struggles, which included juggling the business and other commitments, as well as blowing up two ovens in her own kitchen. "I told CGU that I did have dreams of finding a commercial kitchen to make the DOMUTS and selling them at pop-up stores and pet stores throughout Australia," she said.

View this video at Business Insider

Out of hundreds of applications, Mendes was chosen by CGU Insurance and was set up with a business mentor, David Stefanoff, whose help has been "invaluable" to the scaling of DOMUTS, which has now relaunched. "He reviewed the figures and assured me DOMUTS is scalable," Mendes said. Together, they've formulated a "clear business plan with key milestones and advice on when to scale the business further".

CGU Insurance have also helped Mendes refine her product, perfecting her recipe for baking on a commercial scale, and introducing some quirky new flavours, including "Tasty Homework" and "Chewy Tennis-ball".

"We've now invested in a commercial kitchen space which means instead of only making 30 DOMUTS at a time, I can now make 1000," Mendes said.

DOMUTS has also been given a rebrand, refreshing her logo, packaging and website, ready to be re-launched along with her big ambitions.

With the money, mentor and business plan to succeed, Mendes business has come a long way from the 2am nights. Expect to see more of DOMUTS in the future.

Ignite your ambition today and apply for a CGU Insurance Ambition Grant HERE.

CGU Insuring Ambition.

Women-owned business report reveals data on Mississippi women-owned businesses - - Mississippi Business Journal

Posted: 30 Sep 2019 07:08 AM PDT

Owners Kim Caron of the Caron Gallery and Nicole Judon of the Peach Blossom Boutique LLC differ in years of experience. Caron opened her art gallery in 2010, while Judon opened her boutique in May and an online boutique in 2018.

However, the two women have one thing in common: They are both part of the estimated 104,274 women who own businesses in Mississippi.

The ninth annual State of Women-Owned Businesses Report, commissioned by American Express and using data from both the U.S. Census Bureau's Survey of Business Owners and relative changes in Gross Domestic Product, shows that women-owned businesses now make up to 42 percent of all businesses. American Express research advisor Geri Stengel said several of the Mississippi women-owned businesses tended to be small-scale.

Caron said she believes that in society now, women are leading the forefront on small businesses and entrepreneurship, but thinks there may still be challenges for women looking for capital investors for bigger projects and businesses. When Caron started her own gallery in downtown Tupelo, she found that even while the world has not necessarily been supportive of women in business, Tupelo has been.

"The community was so supportive, and has continued to support us, and it hasn't been just our community. We ship art all across the country now, and that's been exciting," Caron said.

Caron went into business after being a stay-at-home mom for nearly 10 years and said the change took some getting used to. It did present some challenges – when she was seeking a line of credit, she had to have her husband co-sign since she hadn't worked in years – she said the long-term presence of other female-owned businesses, such as the Main Attraction and Elizabeth Clair's, let her know owning a successful business could be done.

Like Caron, Judon was also a stay-at-home wife and mother. Judon still works full time at Ashley Furniture as a payroll analyst, and said she was inspired to go back to work four years ago because of a motivation to have "more than enough" and contribute to her family finances. While working two full-time jobs is a challenge, Judon said she started the boutique as a way to have something to pass on to her daughter.

Both Caron and Judon were inspired by their families to go into business. Caron named both her father and husband as her mentors, and Judon's husband and mother-in-law help run the boutique when Judon is at work at Ashley Furniture.

Caron currently employs one full-time worker and three part-time workers, all of whom are women. The choice was not intentional, however; Caron said often, women are the ones who seek part-time jobs. This trend carries over into women-owned businesses; the 2019 report noted that part-time entrepreneurship among women has grown 39 percent in the last five years. Stengel said this growth is often due to women starting businesses out of necessity to help supplement themselves or for scheduling flexibility.

A statistic that surprised Stengel was how highly diverse Mississippi was with its concentration of black women.

"It's black women who are really driving the growth in women's entrepreneurship, so in a sense, Mississippi isn't taking advantage of that trend, so a policymaker might decide to support women entrepreneurs with policies such as family leave, affordable childcare, supplier diversity programs," Stengel said.

According to the report, the number of firms owned by women of color grew 43 percent from 2014 to 2019, with the number of African American women-owned firms growing at 50 percent. In 2019, women of color account for 50 percent of all women-owned businesses, despite representing only 39 percent of the total female population in the US.

Judon said she takes pride in being able to be an African American business owner and said she wanted to show women of all ethnic backgrounds that they can look good without spending a lot of money.

"It's a challenge as a woman to get ahead in the world as it is, so to be able to cater to women and be able to help them piece together that nice outfit for the church, for work and to help them feel bold, beautiful, that's the accomplishment and joy I have in owning this business," Judon said.

Judon said she sees an average of 100 people a week in her store and has about 30 online customers a week. Since opening, she has been able to hire a part-time worker who also serves as a store model. Several friends, family members and coworkers serve as models, and she carries two vendors, Beloved Jewelry by Stacey Lipsey and Baby Clothing by Cashmere Cuties, in addition to her regular inventory of clothing.

For Judon, she said her motivation to open her business came after her mother fell ill shortly after the death of Judon's father.

"I really wanted her to witness her daughter, who is an African American woman, start her business and accomplish that milestone while she's still here," Judon said.

Her mother is now legally blind, so one of the small tasks Judon likes doing for her mother is helping her pick clothing for her dialysis appointments. The compliments her mother often receives inspired her, as Judon said she would like to begin offering makeovers for those with vision loss within the next year.

Stengel said while the growth of women-owned businesses has been important in boosting the economy, she has not seen some of the same strength in Mississippi as in other states.

While Mississippi grew from an estimated 93,872 women-owned firms in 2014 to an estimated 104,274 women-owned firms in 2019, which represents an 11.1 percent change from 2014 to 2019, it is lower than the national overall growth of women-owned firms by 21.3 percent in that same time period. Stengel explained this could be due to less women working as entrepreneurs out of necessity and is not "necessarily a bad thing."

"In the last five years, Mississippi's employment rate has gone down, and when the unemployment rate goes down, it means that necessity-women entrepreneurs return to the workforce," Stengel said.

Caron said her biggest challenge has been changing locations three times, but she believes the current location has proven to be the best spot in showcasing the art of more than 45 consigned artists and a growing custom framing business. Her goal has always been to showcase Mississippi artists worldwide, and she said social media has assisted tremendously in promoting this goal. She now ships art to other states and has shipped to Europe.

"It didn't happen overnight. It was plugging everyday and pushing and having great staff who have the same goals as I do to showcase our artists and try to get that art sold," Caron said.

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