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Business Planning Made Simple

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 Ten Essentials of A Business Plan: Business planning can be a daunting task if the basics are not followed. Here is a quick checklist to enhance the quality of business plan by evaluating and plugging the identified gaps to prevent business from bleeding in the market warfare. Follow the given steps to prepare blue print for quality execution focused at delivering business growth and profitability. What problem needs  to be solved? What is the best solution for that problem? What is the target segment? What is the market size?  What is the price , the market is willing to pay for the solution?  What is the competitive advantage ? What is the Value proposition? What is the market feedback? What is the economics of cost and profitability? What can be done to add value to the product or service? There is always a high probability of fluctuations in customer preferences, competitive landscape and technological advancement. Thus a continuous focus on above steps in an on...
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Ask yourself, "What kind of organization do I want to build?".

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  Are You Building The Right Organization?  This  is the question entrepreneurs need to ask themselves on a regular basis. Questioning status quo becomes even more relevant if you are not very happy with the way your business is shaping up. There are multiple challenges that you need to address as an entrepreneur but the biggest of them all is the development of a sustainable and scalable organization.  Keep Yourself Energized For New Challenges Entrepreneurship is neither about fashion nor a fad but about the fire that's constantly burning inside you that keeps you energized to take up new challenges for walking the tight rope of meeting expectations, creating value and delivering growth. The tasks get further complicated with ever increasing load of competitive forces, technological upgradations, stringent compliances, widening talent gaps, emerging competency models, ever rising costs and shrinking profit margins.  Work Towards Building Strategy, Develop...
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Performance Management

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 What is Performance Management and why it is so important? Before we answer the above question let us understand the frame work that forms the base for performance management. A management system must have a predefined standard against which the performance has to be managed. So the starting point is to set a standard that is the basic benchmark for a performance to be considered as a justified output. This standard for the output or the performance must be set with respect to the required inputs in terms of resources, competence and environmental conditions in which the performer operates for delivering the performance. Performance management is important because it helps in aligning the resources and processes for achieving the best possible results in a given time frame. Well designed performance management system can help the business scale new heights. Whereas inadequate focus on performance management can lead to depleting organizational resources causing harm to overall b...
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