Leadership

How great organizations are formed? Sustainable growth, ethical work culture, credibility, customer loyalty all are signs of great companies. Great companies attain a mode of self-sustainability under every circumstance. Because stake holders, employees, business partners, customers and government respect the values of great companies. But who make companies great? It is the employees. People are […]

How great organizations are formed? Sustainable growth, ethical work culture, credibility, customer loyalty all are signs of great companies. Great companies attain a mode of self-sustainability under every circumstance. Because stake holders, employees, business partners, customers and government respect the values of great companies. But who make companies great? It is the employees. People are

The year end is only three days away. Many are on vacation. And business owners are stretching to close the figures for year end. Exactly on this moment, imagine you get notice from municipal corporation for not paying the profession tax of employees. Or your production manager is panic for not having a raw material

New year may bring change in our habits, but it’s giving a time line of 10 more days to set many things afresh. Get the ‘10 Growth Hacks for SME Business’ implemented by 31st Dec so that your get 10% growth in revenue and 20% growth in profit month on month. 10 Growth Hacks for

Income statement or P&L (profit & loss) report generation is the 10th step in organizing your business. Accountants are experts in this. Make it a habit to prepare your P&L and review it by the 10th of each month. Your company benefits only when, consistency in P & L generation and adherence to the review. Unsurprisingly,

Creating monthly business budget is 9th in the series of 10 essential steps for organizing your business. What is Budget Many homes run on budget. Governments run on budget. Banks, institutions, even film making run on budget. So will our company. That is to run a monthly business budget. Budget is an estimate of income and

The eighth action on our list of 10 essential steps to organizing your business is performance tracking and review. Let’s go over the previous seven steps Gathering business information, forming a leadership team, creating a mind map, setting organizational goals and targets, defining performance parameters (KPI, KFA, KRA), generating MIS (Management Information System) and setting targets are all part of the process. What is performance

Setting business target is the seventh action on our list of 10 essential steps to organising your business. On the surface, target setting appears to be direct. You chose the KFA and KRA based on past performance and future goals. It is now time to distribute the figures to employees and communicate with them. This is

Let’s move to sixth action plan in our list of 10 essential steps to organize your business. That is to generate MIS (management information system). This is a follow through action of organizational goals and  performance parameters set in previous 2 steps. Evolution Before explaining further about MIS generation, let’s know a bit about what is MIS. MIS is reports

This article describes the fifth step in the series of 10 essential steps in organizing your business. We started with business information gathering, leadership formation, mind mapping then 4th one that is setting organizational goals and targets Once goals and targets are set, we need to split an allocate them to 3 layers of company operations. They are top, middle and

Setting Organizational Goals and Targets is the 4th Step in implement the “10 Essential Steps to Organize Your Business. What direction is your business going in? Speak with your accounts manager, ask for the information down below, What is the profit target for this month? How much turn over or sales or revenue is required

Mind Mapping is the 3rd Step in implement the “10 Essential Steps to Organize Your Business. Let’s recall the core discussion point, that is ’10 Essential Steps to Organize Your Business’. First and second steps being Gathering Business Information and Forming Leadership Team. Gathering business information, studying it, analysing and finding business insights are managerial

To implement the “10 Essential Steps to Organize Your Business,” the second step is to ‘Form a Leadership Team’. (If you are reading about this topic for the first time, we recommend reading the preceding two articles; 10 Essential Steps to Organize Your Business, Step 1 – Gather Business Information)  What are the implications when businesses organize

Step 1 in Learning the 10 essential steps to organize your business is to “Gather Business Information”. Whether you are a manager of a unit or a business owner, all the business leaders want to make their company structured, focused & decluttered. At the end, you want to lead the company to growth and profitability.

Learning the 10 essential steps to organize your business would be interesting to Business Owners, Employees and any one in a Leadership Role or want to be! But, practicing these would test your time, energy and patience. All professionally managed businesses have mastered these, for its advantages and assured results. You too can…… Have you

The prime action to grow your business better is to understand its functions from two different perspectives. And then manage them accordingly. First, consider the business process. That is your domain, such as sales, trading, manufacturing, customer service and so on.  Second, consider the management process. This is the back-end work you do every day

Do you know, the most ignored must have quality for managers? It is not to re-invent wheels. Have you ever tried to come up with your own solutions, which are already used by many? In business management, this refers as “reinventing the wheel.” Some examples include inventory control, sales lead management, employee hiring and cost