Latest Business and technology trends are updated here for you.
Balance Stock – Recently we met a prospect, who is into manufacturing of OEM items. He was looking for an ERP solution on could that helps him to streamline his process. This is a 40+ yrs old company and at one stage enjoyed a profit margin of 25%. A discussion with company’s Director explained the […]
“We have lost the habit of thinking big” – Sri Dhirubhai Ambani. Thinking Big – To grow the business, you need to do a forward investment or future investment. For this you need to plan and execute them one by one. You need the following. Resources to run and grow the business Money required to […]
Last week, I was talking with few of my colleagues on the challenges that we faced to build and grow our company, kind of people we choose, our product road map and how it was changed 500% from what it was original etc. I was explaining how we tried to build trust in the employees […]
Cost Control and Cost Reduction Cost Control and Cost Reduction is the major mantra and is the practice of identifying and reducing business expenses to increase profits. Recently we were doing our Cloud based ERP product (www.actouch.com) demo at a prospect’s place at Bangalore. He is an established company of 30+ years and has reputed clientele. As part of the […]
“Indian organisations on average spent US $331 per employee on training and development in 2011, according to a study on learning and development trends in India, by the American Society for Training & Development (ASTD) and Harvard Business Publishing (HBP)” But it is a reality that to grow the business, we need people who will […]
Last week I met a prospect, who was looking for a Cloud based ERP for his company. Within 10 minutes of our meeting, I started having a feeling that things are not going in the right direction. His questions were, Why you don’t have these features and how can I get this report myself? Why […]
In my last article – Excel and PPT Entrepreneurs , I spoke about the challenges that we face in the start-up world. In that article, I had promised to explain on the basic rules that we followed at AcTouch.com and how we survived last 3 years. Let me give out my secrets on what we did right (after […]
Disclaimer: These sample examples have been picked from http://economictimes.indiatimes.com for explaining the business challenges that we face everyday and no other reasons. My apologies if it hurts anyone’s feeling as this is not my intention. During eCommerce Hay days Housing.com Raises $90m from Japan’s SoftBank Zomato raises $60 million from Temasek, Vy Capital During Bad […]
It is an open and known secret that nearly 70% start-ups close within the first year of starting due to multiple reasons and one of them is due to lack of paying Customer base and not able to deliver what’s been promised to them. So we all agree that survival of any Business and even […]
“I also want to be an entrepreneur”. Many times, when I meet my former colleagues, friends or neighbors, I frequently hear these words from them. My polite reply is “That’s great, what you want to do?” This is where it becomes interesting. I have given some sample answers that I receive to my question. 1. […]