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If you want to earn profits from your business, you must focus on a few essential things. Do effective Value Chain Management: To start with – examine your total business…
Dear Entrepreneur – after you have completed the implementation of your business idea/plan – you wear a different hat. You are now a business owner and should work towards profits…
I have 3 important suggestions to give to all those entrepreneurs who are now working on the execution of their business plans. In other words, they are working hard to…
I have been writing my blog for about 5 months now and many of my posts have been well received by my current as well as ex-students, frontline, middle-level, and…
Change is the only constant in life. As entrepreneurs, we must accept and embrace the change as soon we recognize that change is necessary. You should look upon “change management”…
As an entrepreneur, you must do a comprehensive analysis of the activities of your competition. This should be an ongoing business objective for your enterprise. You can develop a better…
There are no shortcuts when it comes to getting out of debt. —Dave Ramsey Cut your coat according to your cloth It may seem like an obvious advice but— Capitalize…
Teamwork is the foundation of all successful management. Getting people to work together effectively is the manager’s main job. Communication is the cornerstone and motivation is the mortar that holds…
Sustainable development is a pattern of resource utilization that meets the needs of the present but at the same time takes care of the needs of posterity (future generations). The…
You are considering starting your entrepreneurial venture at a particular location within a town, city, or state of India. Pause for a while and think aloud – who are the…
The growing entrepreneur must understand the importance of planning and control, working through budgets and schedules to avoid cost and time overruns, cost-benefit analysis, capital budgeting, break-even analysis, make-buy decisions, and many…
There are occasions in life when we tend to accept any assignment or job even if we do not have an inherent liking for it. We reason with ourselves that…
Your journey from the Classroom to Corporate If you are a student, you find yourself in a protective and encouraging environment. But have you stopped to think: what after college?…
I would strongly recommend entrepreneurship to all young males or females – even to young couples. Identify a good business idea and give your 100% to it – both during…
What sets an entrepreneur apart is his/her mindset! Think about it, typically, the main functions that an entrepreneur must perform are — to organize, to be able to take risks…
In my role as a professor of business and management to undergraduate and post-graduate management students for over a decade – I have been telling my students that the entire…
There are occasions in life when we tend to accept any assignment or job even if we do not have an inherent liking for it. We reason with ourselves that…
We all know the importance of customer in business – the customer is important to all types and all sizes of businesses. The customer is one boss we all must…