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Archive for August, 2013

Common Pitfalls Encountered by Small Businesses while Conducting Market Research

Risks are part of any business and with limited resources, business owners and entrepreneurs realize that risks needs to be calculated and mitigated. Employing market research helps at times to sort out risks involved in a business. The advantages of market research for small businesses range from finding hidden niches and preserving capital to building customer loyalty and identifying greater business opportunities. Before taking the initiatives to understand customer needs and wants through market research, it is important to identify common pitfalls and challenges encountered by startups and small businesses. High Costs:  The biggest challenge small business owners face is

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Major Barriers for Young Entrepreneurs

We have been doing a lot of research to identify the key factors that stop young people from taking the leap into the entrepreneurial pool and starting their own business. Barriers in the business environment can have a negative impact on entrepreneurs, who generally lack experience and access to professional networks. Some of the socio-cultural aspects that limit young entrepreneurs from living their dream are listed below. Social and Cultural attitudes It has been analyzed that there is a lack of positive attitude to entrepreneurship in various economies, where entrepreneurship can be viewed as a viable career choice. The educational system

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Identify whether you are an Entrepreneur or Wantrepreneur

Motivational quotes, one-liners, videos and stories about entrepreneurship or lunching of a new venture are all across the globe, possibly to ignite fire in the belly of people with aspiration, new thoughts and ideas. In reality, aspiration and determination are not enough to be a successful entrepreneur, it takes a lot more than that. Coming up with a unique or new idea is a great starting point, the execution of that idea is far more important. This has led to a growing number of “Wantrepreneurs” – people who initially show enthusiasm in identifying and discussing ideas, but at the end

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Array Consultancy Services celebrates 5 years of Excellence

Greetings, It has been 5 years since we started on this incredible journey. Time to reflect back on the years that have passed by. We realize this would not have been possible without your support. Sharing our story with you gives us immense pleasure. As always keep in touch. Hope you enjoy the video. On behalf of everyone at Array we sincerely thank you. Regards, Arnab Ray CEO, Array Consultancy Services

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