Pain points Endured by MSME’s

Sharath  has Small Scale company which manufactures Agarbhathi’s or incandescent sticks for which  he employs about 30 woman .These woman are employed for rolling the sticks and packing the sticks .For these woman this job is very important as it provides them a source of income and help improves their living standards .Sharath is very confident of the quality of his products and wants to expand his business by selling it on  Platforms like Amazon and even exporting it to other countries .

Since He started his business most of the accounting work has been done manually by an executive and Sharath only relies on word to mouth publicity for his products .Also he needs to maintain an inventory database to know how much inventory he needs to maintain  since during festivals and other special occasions when  the demand rises .Also he needs to file his returns and get input credit on GST.

Sharath has been searching the internet for customized solution for his needs but he finds that many of them are very exorbitant .A typical ERP solution costs Rs 30,000/- per year and above and then typical  accounting software which  might cost Rs 15000/- per year and then if he wants a professional website that could cost him about 10k as one time charge and if we are going to add professional email that would cost another 2k .We have not even started to consider him having Mobile App or taking help of Digital marketing solutions to  market his products in the digital era

Now obviously Sharath will also have other expenses like paying salary to his employees and buying raw materials etc. He will also have indirect expenses like Electricity so how can Sharath really afford these costly solutions .

Also Can Sharath afford time on filing his returns every year ,he rather spend that time with his family

Watch out for next edition where we discuss solutions to these pain points