Niesbud's consulting cell launched

The National Institute for Entrepreneurship and Small Business Development (Niesbud), an autonomous organisation under the Union ministry of micro, small and medium enterprises, has announced the opening of a coaching, mentoring and consultancy cell for entrepreneurs. The objective of the cell is to help and guide both prospective and existing entrepreneurs.

Consultancy and guidance will be provided in six areas: Idea generation, planning, formulation and implementation; financial challenges and solutions; marketing of both new and existing ventures; human resource challenges (hiring, recruitment, training, retrenchment, motivation); expansion of ventures; and strategic planning and intervention.

The cell's resource panel comprises experts from business management, entrepreneurship, banking, economics, human resource management, finance and strategy.