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Category Archive for ‘Operations’

4 Indicators to look for before scaling up your venture

If one were to decipher the start up world from a media coverage perspective, it would probably starts with funding and you guessed it right- end with news on funding. The investment lifecycle for VC’s lasts for around 7 years, at which point returns generated from the portfolio is looked into. It is during this harvesting period that investors expect their ventures to offer returns at levels that are in pursuant to the risk undertaken. Hence it becomes imperative for start-ups, especially those funded, to ramp up operations at levels that are profitable. However, before expanding, founders should analyze how

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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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Organic Growth Strategies for Start-ups

Every business should have a specific growth strategy in order to survive, progress and earn revenues. Businesses without growth strategies can be hit by unexpected adversity. A growth strategy can be organic or inorganic in nature. While usually acquisition strategies are undertaken by more mature businesses, investors typically look for organic growth numbers to review and evaluate the overall development of a new company. Organic growth for a business is a balanced and step-by-step technique created through the utilization of its own resources, leading to a sustainable increase in sales and revenues.  It is also very important for an organization

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An Entrepreneur’s Dilemma- When to scale up your business

Over the years of our working with entrepreneurs, we have noticed that while there is generally a robust understanding about the start up process and funding requirements, things seem to taper down when it comes to scaling up of the business. While a valid argument is that entrepreneurs seldom get time to think about the “next-step”, in essence it is essential to plan for expansion early in the business life cycle. A robust business plan where key milestones and triggers are well defined goes a long way in supporting this process. Typically, most start up enterprises goes through a series

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An entrepreneur’s three-step guide to operational sustainability

You have leveraged an outstanding business plan to acquire a round of funding. The venture looks really promising and as an entrepreneur, your million dollar business is all set to take shape. What else do you need, as all the hard work is done and the world is your oyster. On one aspect, a lot has been achieved by you and is gratifying, but at an operational level the entrepreneur in you needs to bring in an additional dimension of a business leader to ensure that a fantastic idea gets implemented.  Being proactive rather than reactive is essential for driving

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Entrepreneur’s Roadmap – Idea to Implementation

Off shoring or Apt shoring – BPlanExperts bridges the great divide for entrepreneurs and small businesses

Over the past couple of years BPlanExperts has been working with entrepreneurs and small businesses to define and execute state of the art business plans. As one of the global leaders in business plan consulting, BPlanExperts has successfully delivered over 300 projects across 50 countries.  By using its robust and cutting edge methodology, BPlanExperts has bridged the divide between off shore transactional activities and onsite consulting support for startup organizations and small businesses. From web enabled technology businesses to bio pharma manufacturing, the team at BPlanExperts has worked with entrepreneurs from across a wide range of domains and industries. Traditionally,

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