It is likely that Facebook, the social media giant will be training over 20,000 entrepreneurs from across a 100 cities in India in 6 months. This will aid them in scaling their small and medium businesses.
This is done as a part of boost your business initiative by Facebook. Facebook has got in tie ups with Entrepreneurship Development Institute of India based in Gujarat. With this, the duo will offer knowledge, skill and technology to startups to be innovative end increase their marks across the globe.
Until now, Facebook has got 201 million active users in India. Over 65 million SMBs are active on Facebook. There are 57 percent Indian users who are connected to at least one small business through Facebook.
Under the boost your business initiative that was launched in 2015, in association with EDII, it has got plans to go to 20 states and 100 cities in another 6 months during the first phase. This will be expanded to 5 times as compared to what is achieved so far.
Businesses can find a measurable difference. Initially, the business cost goes down. It is free to set up Facebook page, and you can contact your customers for free, and reach them for free as well. Steps taken to improve and scale businesses and hire people involve spending money.