Skip to main content

Posts

Showing posts with the label entrepreneurship

Essential Entrepreneurial Qualities for Accomplishing Robust Sales Growth

Sales Growth Is A Byproduct : It wouldn't be an exaggeration to state that achieving extraordinary sales growth is a byproduct of  entrepreneurial passion.  Passionate entrepreneurs exhibit  common traits,  essential for accomplishing robust sales growth. These common entrepreneurial traits include Humility  Continuous learning ability  Immaculate  Design &  Execution  focus  Doing right things at the right time Walking the extra mile Long term impact analysis of critical decisions The real test of entrepreneurial passion lies in walking the extra mile for ensuring that right things are done at the right time. Entrepreneurial passion must not be mistaken to fall for shortcuts under the garb of illusionary perception promising quick-fix solutions.  Many businesses make the mistake of  considering sales growth as an end in itself where as it is only a means to support the larger business goals of the business enterprise. This...

Business Planning Made Simple

 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...

Ask yourself, "What kind of organization do I want to build?".

  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...