14 December 2018

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Management

3 Reasons Why You Need A Budget

A budget is one of the basic tools for good money management. I see so many first time entrepreneurs and sometimes even experienced entrepreneurs who don’t have a budget. Then, one day they wake up and they realize they’ve run out of money. This is even more important for a start-up because a budget establishes good financial control for a start-up and during the early years of a start-up, money needs to be invested wisely.

SMEs Need to Plan Biz Strategies Wisely

Starting any new venture brings in multiple types of risks, opportunities and excitement. A true entrepreneur loves it. Such excitement and slightly higher self confidence can lead to some faulty approaches to start the business. One of such common wrong move is putting personal assets in business.The risk to business becomes higher when any entrepreneur puts his personal assets into the business. If something bad in business happens, the entire economic set up will go for a toss. Even though the project is undertaken after a thorough research, the entrepreneur comes under high pressure to make it profitable as soon as possible.

Fight Inertia to Fast Track Growth!

By Pradeep Kumar

Organisational complacency is the most important factor hampering corporate performance. There is something more than strategies and plans that are required to keep an organisation going.Indeed, most organisations fail not because of faulty strategies and plans but more because of lack of implementation. The biggest obstacle in implementation is inertia, as being intrinsic, it slows down the pace and extent of processes and changes, making the organisation vulnerable due to time overrun and cost escalation.

'Infect' the Work Place with Data...

By Ajay Wahi

This is the easiet thing to do but the most difficult to implement, because once there is data, people have to accept it and the conclusions it indicates – there is no place left to hide.

The CEO Diary

By Ajay Wahi

As a CEO, you need to be a thinker and a strategist, with your feet on the ground and your mind reaching for the sky. Your effectiveness as a CEO, however, will depend upon your ability to identify and understand the ground realities of your business.

Sustainability in Biz Growth is a Must for Survival

By G K Pramod

G K Pramod, an expert in MSME Oriented pilot programmes, and the author of The Second Gear: Strategizing Business growth Plan for Micro Entrepreneurs,  shares  various aspects of Business Growth Plans in a series of columns through Small Enterprise India. Mr. Pramod discusses the importance of sustainability in business.

Importance of Scalability in Business

By G K Pramod

G K Pramod, an expert in MSME Oriented pilot programmes, and the author of The Second Gear: Strategizing Business growth Plan for Micro Entrepreneurs,  shares  various aspects of Business Growth Plans in a series of columns through Small Enterprise India. Mr. Pramod discusses the importance of scalability in business.

Coping with Changing Employee Attitude

By V Pradeep Kumar

I have been observing the constant change in attitudes of employees over the last two decades. Turning the clock back, during the 70’s and 80’s, things were different. Our economy wasn’t doing anything great and wasn’t close to becoming a world super power that it will now be. The revolution in IT, BT, BPO industries were not even dreams. The job opportunities weren’t many and the government, banks and public sector still were favourites for job seekers.

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