Indian SMBs need to think out-of-the-box in order to attract more clientsBANGALORE, INDIA: Indian SMBs reportedly need to enlarge their base in order to draw various potential clients. This will enable these SMBs to foster new growth and therefore contribute to the overall growth of the Indian economy.
Since the SMBs focus on limited areas, the profit level might be a tad on the lower side. This trend can be effectively reversed if these SMBs focus more towards the larger side rather than only on certain specific areas/sectors.
This, indeed is a necessity now as there are various SMBs that have withered away in the absence of a large client base/large potential client base.
If these small/medium businesses focus more on enlargement, then the potential to increase the client base will certainly be visible over time.