A new financial year means a fresh start for your business. For Indian MSMEs, the first quarter (April to June) is a golden opportunity to set the tone for the year ahead. With some planning, the right financial steps, and a little bit of strategy, you can make Q1 the launchpad for a successful FY 2025–26.
Let’s walk through some practical ways to get your business ready.
1. Learn from the previous year
Before planning for the future, take a short look back. What were your wins and losses in the previous year? Were there times when cash flow was tight? Did certain products or services perform better than expected?
A quick review of last year’s performance can help you avoid past mistakes and repeat what worked. Use those lessons to decide what needs to change and where you can improve.
2. Get your finances in shape
A good business needs good financial health. Start by checking your cash flow. Know how much money is coming in, how much is going out, and where you might be spending more than required.
Now is the time to set a budget for the quarter. Think about your upcoming expenses—stock purchases, salaries, rent, etc.—and plan accordingly. If you’re planning to expand or run a special offer, factor that in too.
Set clear goals. For example, you may want to increase revenue by 10%, reduce wastage, or attract more walk-in customers. Clear financial targets will keep you focused.
3. Tap into seasonal demand
Summer and back-to-school season bring big opportunities for MSMEs. If you sell summer-related goods, school supplies, or even cold snacks and beverages, this is your time to shine.
Plan your stock early, offer seasonal discounts, or bundle products to attract buyers. Keep an eye on what your competitors are doing, and find simple ways to stand out—like local promotions or easy delivery options.
4. Refresh your store
Your store doesn’t need a full makeover, but a little refresh can go a long way. Clean and organize your space. Maybe update a signboard, display items better, or install brighter lighting.
Even small tech upgrades—like accepting digital payments or using a mobile app for billing—can make you look more professional and improve customer experience.
5. Figure out your Loan requirements
Planning to grow this year? Whether it’s buying stock, hiring staff, or opening another branch, you may need extra funds. Don’t rush into it. First, ask yourself—how much do I need and why?
Once you have a clear idea, explore loan options that fit your goals. MyShubhLife offers business loans made especially for MSMEs, with quick processing and simple steps.
6. Be loan ready
Applying for a loan is much easier when your documents are ready. Here’s what you should keep handy:
- KYC documents (Aadhaar, PAN)
- Bank statements (last 6–12 months)
- Udyam Registration certificate
- Income records (if available)
Having these ready not only speeds up your loan process but also shows lenders you’re serious and responsible.
7. Plan for the long run
The start of a new year is a good time to think big. Are you still happy with how your business is running? Could you add new services, cut down on costs, or switch to more sustainable options?
Simple changes—like reducing waste, going paperless, or using reusable packaging—can help the planet and improve your image.
Also, protect your business from risks. Consider basic insurance or make a plan for slow months. Planning ahead builds long-term strength.
Let’s make Q1 shubh!
The first quarter is all about setting the right direction. With a bit of planning, goal setting, and financial readiness, your MSME can grow with confidence.
At MyShubhLife, we’re here to support your journey—whether it’s getting a loan, managing your money better, or making business smarter.
Q1 is here. Ready to make it Shubh? Let’s go.