Tag: small business

Enabling business growth through systems

Creating systems is a really important way to enable growth within a business. Many people firstly think of improving leadership, skills and finance for growth and overlook building an organised and systematic approach to running the business. The growth and development of a business is a really exciting stage, but without solid planning and infrastructure, you jeopardise valuable growth opportunities. Thinking proactively and consistently working on an operations plan will encourage healthy development. Continue reading “Enabling business growth through systems”

How to Come Up with a Fantastic Subscription Box Business Idea

Subscription box businesses have recently seen a surge in popularity. This business model is perfect for almost any kind of products, whether it’s food, pet supplies, beauty products, or even an assortment of trinkets or toys. Savvy entrepreneurs are keen to start their own subscription box businesses, but that only means one thing if you’re one of them: it would be very difficult to stand out among the competition. Continue reading “How to Come Up with a Fantastic Subscription Box Business Idea”

Know How Much Tech Debt Is Really Costing You

The principal factor of tech debt metaphor is that there are some prices you have to pay when you take shortcuts or intentional tech debts or make any mistakes or unintentional tech debts. It is also said that this cost would increase over time as long as you ignore tech debt and do not repay the interest. Tech debts are often overlooked and ignored as there is no apparent cost factor related to it as is with any financial debt where you can know the cost of your monthly payment and what it would sum up to if you delay in repayment. Therefore, it is required to quantify tech debt to know how much it costs you and your company.     Continue reading “Know How Much Tech Debt Is Really Costing You”

Why you should build a startup and inspire the world

Let us start with a little statistic-speak, shall we? The percentage of unemployed youth in the United States alone is 10% of the population. While 10% might seem small to you, calculate that against the population of the entire country. It gets a little scary. Let us go a bit further and imagine that you are safe and comfortable in employment. Now, according to Inc.com, as of September 2015, there were 27 million adults were entrepreneurs. That is about 14% of the population, and growing every year. So that means that there are 27 million unique startup ideas out there, working perfectly well. One more statistic, 51% of those in employment believe that there are great opportunities in business. Continue reading “Why you should build a startup and inspire the world”

Acquiring 10 licenses / registrations ensures that the business is legal

Many small business owners are unaware of the license procedures that are required for operating their business. The license for a business depends on various factors like the type of the business, the regulations, and policies imposed by the government and the area in which they are planning to start the business. The license is a legal permit given by the local government to the company that indicates that it runs an authorized business and it is not only applicable to the new business, but even an existing company has to renew their application after a particular period. There are some businesses that require more than one license to operate their business legally in that state which is time-consuming and expensive, even though it is a tedious and frustrating process, obtaining all the legal documents and certificates enables the business to operate without any issues. Because if a company is found in non-compliance, they have to pay penalties and they are chances even for permanent closure of the business. Continue reading “Acquiring 10 licenses / registrations ensures that the business is legal”

10 reasons why online shopping can help you cut down your expenses

Right, now as we talk about cutting down expenses, a lot of things come to our mind. Like, that one time when we thought we would not waste anymore money on silly things but bought an extra microwave just because it was on sale?  And then justified our actions saying that we were being cautious about “what if the first one malfunctions?” No more of that stuff now. Online shopping has entered the picture and it has successfully kept our expenses in check. Especially, it has proven to be highly useful to businessmen and nothing-in-short-of-boon to startup guys who run low in the flow of money during the initial days. This is an informative piece on how to control your expenditure and not get completely bankrupted in the lure of shopping. Continue reading “10 reasons why online shopping can help you cut down your expenses”

The FMB Movement

The Family Managed Business Movement was pioneered by Dr M L Shrikant who combined Business Acumen, Management Education and Gandhian way of life. Through his life work of building one of the foremost business schools of the country, he propagated mission of “Influencing the Practice here and now”and “Value based Growth.” Linking Gita to Management he was a believer in Abyudaya (Rising together).

Today most of the Family Business discussions around us follow the western ethos which proclaims individualism, competition and consumption. Continue reading “The FMB Movement”