13 November 2010

Superpower India -- Dream or Nightmare??

India is growing with leaps and bounds, the industrial growth has seen unprecedented and unheard figures since the past few years and the GDP has also seen a drastic growth in the past some time.

The result of this is that India, which was till recently considered a hungry and naked country full of slums and nothing more has now emerged as one of the highest opportunity providers for a superpower country like the US. The Respected President of the US Mr Barack Obama had recently made a trip to India trying to strike a deal with the emerging Indian companies for the business opportunities with the US companies and many such other deals. Prior to that the Delhi Commonwealth Games 2010 has also brought a new dimension to the understanding of the World about the Magical country known as India. All Indians take pride in saying the same and are in the position to boast about themselves and their country (India). But let us toss the question here, are we actually ready for it??

India has been one of the prime locations in the World in terms of everything; rich natural resources, strategic location for Imports and exports, weather and climate, human resources, and so on and so forth. When it comes to facts and figures India has got almost everything but the biggest problems are Bureaucracy and Corruption (Rooted Strongly in the country). Our country ranks around 132 - 134 when it comes to the ease with which someone can start a business on one hand and on the other hand, India has got the world's highest Black money stashed up in the Swiss bank accounts (Source: Wiki). With a population of more than 1 Billion people, India boasts of a mere 31.5 million Taxpayers in total (Approx. 3%). (Source: The Economic Times)

We have had a track record of being the most difficult people in the World when it comes to living in India, we take pride in spitting on the roads and doing similar things but when we spends thousands together and go to some other country or we go to seek citizenship of some country we have to obey their rules and we do that as well. That is one of the most fascinating thing about us. The similar attitude doesn't seem to go away from us any time soon and we have already started to dream to become a Superpower country in the near future. Are we ready for it yet? Can we reform ourselves and our ways to adapt to become a superpower in reality or is it just like our political leaders' commitments?

The ANSWER LIES IN EACH ONE OF US!!!
Do comment with the answers... Eagerly waiting!!

28 August 2010

Post Graduation, NO JOB?? Planning an MBA!

Completed Graduation and not finding a suitable job? Planning MBA and wishing for a Good Package?? MBA applications always go up during a bad economy. That is because business school generally attracts people who are lost, and more people who feel more lost when the bad job market is lousy.

But let’s be clear: This is not the type of recession where there are no jobs for young people. This is a recession where there are no GOOD jobs. McDonald’s is hiring in management. There is a bank teller shortage and a shortage of actuaries. There is a shortage of insurance agents. It’s just that people don’t grow up dreaming of these jobs. So they don’t take them. Instead, people who are early in their career - in that time when an MBA sounds like it might work - those people are determined to have only a good job. And if they can’t have that, they get an MBA.

The problem is that an MBA makes it worse.

Here are seven reasons why you should take a bad job instead of getting an MBA.

1. Business school won’t help you be a good entrepreneur.
There is no correlation between being a good entrepreneur and going to business school. In fact, according to Saras Sarasvathy, professor at University of Virginia’s Darden Business School, the most important skill for an entrepreneur is that you know your weakness and you can find people to fill in your gaps. So you pay a bundle to go to school to learn what you don’t and how to find people who can do stuff you can’t? Sorry, that doesn’t add up. The ultimate irony: entrepreneur programs are booming at business schools.

2. You likely don’t need an MBA for what you want to do.
There are some jobs, very few, where you cannot land if you don’t have an MBA. These are mostly high-level officer-type positions in the Fortune 500. Even then, though, you probably don’t need an MBA. In fact, Forbes reports that CEOs without MBAs bring more value to investors than CEOs who went to business school.

3. MBAs who are not from a top 10 school don’t increase their earning power.
So if you’re not one of the elite, the degree won’t help you earn more. According to the recruiting firm Challenger & Gray, the degree simply does not separate you from other people in any significant way; it’s too easy to get an MBA from a second-tier school. The cost of the degree is so much more than the combined cost of taking two years off of work and paying for the degree that you are better off taking a job you don’t particularly like and getting a night-school MBA after work hours.

4. It’s pointless after a certain age.
Let’s say you do get into a top-ten school. Don’t go if you are older than 28. You are too far along in your career to leverage the degree enough to increase your earning power enough to make up for the sticker cost of the degree. In fact, it is so important to get the degree early in your career that Wharton and Harvard have started accepting women earlier than men because the biological clock truncates a woman’s ability to leverage the MBA early enough in their career to make it worth the money.

5. An MBA is too limiting.
You can’t take an entry-level job after you get an MBA, so you had better know what you like to do; and can’t take a job in a low-paying industry because you have to pay back the loans. So not only is an MBA useless for most jobs, but it also makes you unqualified for more jobs that it qualifies you for

6. An MBA makes you look desperate
Top ten business schools will not accept you unless you have a clear plan for what you will do with the degree after you graduate. You need to have shown that you have a propensity for some sort of business and that you need the degree to get where you want in that business. Unfortunately, most other schools will take you if you don’t have a plan even though it’s been shown that people who go to business school with no plan for their career graduate with no plan for their career. And then you look not just lost, but desperate.

7. Business school puts off the inevitable.
Look, it’s really hard to be an adult. You go to school for twenty years being told what to learn and what to think and when to show up, and then you get tossed into adult life and there is no one telling you what’s right for you. You have to figure it out, but you didn’t go to school for that. In fact, school is the opposite of that. So it looks fine to be lost in your 20s. This is when everyone is taking time to figure things out. It does not look fine to spend thousands and lakhs to go back to school just to put off the hard knocks of figuring out where you belong in the workforce. Face reality. Join the workforce.

05 August 2010

Business Opportunities with a Franchising Company

Did you ever think of having your own business with the complete freedom from the boring 9 to 5 routine, lethargic working conditions, ungrateful clients, uninteresting lifestyle, depressing routine???


If any of the above questions' answer is yes then you are looking for a change in your life, yes and this change can be by starting your own business... But even that has got its own matters to take care of, challenging market conditions, competition, setup of the correct strategy, lack of brand recognition and many many more factors.

What is the solution to this?

In the early 1850's, I.M. Singer & Co., USA created the first network of individuals to distribute and sell its sewing machines to the then-sceptical public. This was the advent of the Modern day terminology of Franchising. The concept is to be able to start up a business with the help of an existing business model with the use of the company's brand name, logos, trademarks as well as the SPO (Standard Operations and Procedure). The Franchise format of Business is the best when you don't want to actually suffer from the risks of being involved in direct application of the raw idea of any business into the market. Franchising works in this way for the best of the advantage to both the Franchisor (Giver of the Franchise Model) and the Franchisee (Taker of the Franchise Model). The win-win situation for both the Franchisor and the Franchisee. This is one model which has even seen the biggest of the growth figures in times of Terrible Depressions (Ref: The Great Depression of 1930's in the US). Franchise Business ensures the standardization of the Business and the same is applicable to the brand as a whole with the best of the options available to the end consumers at lower rates because of an efficient SCM (Supply Chain Management).

Franchising is the best option for people who want to start up some exciting new business in their region without the involved risks of mismanagement or hinderances as the Franchisor takes care of the entire setup as well as the management and operations of the Franchise Outlets through the effective MIS (Management Information Systems). With the advent of time, Franchising has become one of the easiest business working models which can be duplicated or modified and duplicated across any location subject to little modification as well as correction from the company. This is one way which can be one great way to give some space for the talent of the youth and the guts to do business to get on with the fulfillment of the business development and management criteria.

So, stop thinking and GO for a Franchise Business Today!!!!

20 March 2010

Corporate Event Management: Time To Grow Your Endeavor

Businesses across the globe are facing severe competition from the competitors and thus they search various ways to explore the opportunities to increase the revenue and customer base altogether. Business experts feel that corporate event management is the best method to organize the customer retention and impact the revenue generation scenarios.







To overcome the corporate wrestle, companies organize the business events small conferences or big corporate events to attract the customers throughout. When you go to organize a corporate event, keep in mind that a professional event management company can do a lot to you. During organizing an event you need to know various things. The very first thing is that make your conference simple and genuine.






The corporate event management should be made in a way that has ability to attract the customers, clients and other business associates. The corporate event management company is one stop shop that takes care of every requirement of corporate event management. Some of the corporate events that need consultation of event experts are launching a product, road show, galas and media event with corporate sponsorship. The companies that organize event management services generally follow the standards of respective nature of the event and the aim of the event for that the event is meant.






They involve the audience by displaying handouts, demonstrations and tasks. The skilled workforce from the expert corporate management company that provide the event management services A good corporate events management is a best guide that offers advice at every step during the event. All the activities including booking the venue, hiring equipment and arranging a schedule to helping run the event on the day itself are taken by the corporate event management companies.






Corporate event management is a very dedicated process seemingly impossible without the help of a professional event management company. These companies are now offering their online software to manage the event from a central location. Whether it's to sending invitation to the guests, selling tickets online, cancelling and allotting passes, these all could easily be handled by the automated software. The process of corporate event management is now getting very easier and flexible with the inception of internet and various online event management tools.


10 March 2010

The 5th P of Marketing

In Marketing, we have always learnt about the 4 essential P's of Marketing where in there are various factors like Product, Price, Place and Promotion to be covered but there is a small question... What is the need for all of these without the customers "People"??

Yes, the most essential part of Business is the people and the people who are involved with the business need to be associated with the Business so as to be able to get the maximum out of the way that the Business functions. The importance of the people in the work can not be left unused and should not be considered irrelevant under any circumstances. The reason is that the business is very important if its motive and aim is to provide good customer services. As said my the Father of India the Late Mahatma Gandhi "The Customer is the most important person in our premises, He is the reason for the Business and not a disturbance in the Work"

We shall now discuss all the essential P's of Marketing in detail:

Product – The product or service offered to the customer by your small business. The physical attributes of your products or services, what they do, how they differ from your competitors and what benefits they provide to your potential customers.

Price – Your pricing strategies that will help you reach your target profit margin. How you will price your product or service so that the price remains competitive but allows you to make a good profit. When calculating price make sure you have included both fixed expenses and variable expenses and be sure that your price will allow you to reach your breakeven point within a reasonable amount of time. Also discuss if your price will be lower or higher than your competition and how you can accomplish that while maintaining both demand for your products or services and a profit.

Place (Distribution) – Where your small business will sell its products or services and how it will get those products or services to your customers in your your target market. For example, the percentage of sales you expect through the Internet and the percentage of sales you expect through door to door selling. Additionally, what your delivery terms and costs, and how will you handle the cost of getting your products or services to your customers? When you are writing a business plan you also want to indicate if there any shipping or labeling requirements that need to be considered and how you will meet those requirements. Finally, outline how a transaction takes place and what return policies are in place.

Promotion – What methods of promotion you will use to communicate the features and benefits of your products or services to your target customers. Will you advertise? If so, where? What percentage of advertising will be handled by each advertising vehicle? How much business do you anticipate that each form of advertising will result in? How much is this all going to cost? Also indicate if you plan to offer coupons or other incentives to get customers in the door.
People – How your level of service and the people who will provide that service will be used in marketing your products or services to the customer. Who are the people that will be providing this service and what kind of training will they receive. Do you plan to offer any incentives to your customer service representatives and how do you plan to measure customer satisfaction?
Essentially, the 5 (or 4) P's of marketing will form the basis of your marketing plan. If you want to make your marketing plan a standalone document, you'll also want to include the information you prepared in the Market Analysis section for your business plan.



Your Sales Strategy in making your Business Plan:
If it applies to your business, outline your sales strategy in this section when you are writing a business plan. For example, will there be a sales force? Will sales training be provided? Will your sales team be given incentives to encourage them to increase sales and meet or exceed their goals?

18 February 2010

Need for New ways of entrepreneurial skills

Business.. As it is said, is not the cup of tea for everyone. But the Indian students have almost taken it seriously and most of the students do not show much of an interest in developing themselves as full fledged Business owners. The focus of the students in the current times seems to be towards studying like owls day and night and getting good marks to get a good Campus Recruitment Jobs.
Job... I think that this word is for the people who do not have and dreams, ambitions or desires to do something big in life or it is for the people who have compromised with their lives for the sake of some relationships or some other committments. The biggest suffering of the country is that there is a lack of Entrepreneurial Zeal and enthusiasm in the youth of today's times. There are not many ways in which this lack of enthusiasm can be brought back but for the parents who should understand the creativity and the skills of the students at the early stages and should listen to their children's problems and try to solve them rather than to be like the stress making machines for their children.
Once, we all understand this fact there will be a great revolution that comes in to this World in regard to the way Businesses work and as an emerging Consultant I have decided to bring at least 1% of this change.
Wishing everyone who is trying to make something out of this adverse situation ALL THE VERY BEST!!!