BUSINESS INSIGHTS TO START /GROW / MANAGE ANY BUSINESS

BUSINESS INSIGHTS TO START GROW MANAGE ANY BUSINESS: DO YOU WANT TO START GROW MANAGE YOUR NEW BUSINESS EXISTING BUSINESS AND DONT KNOW WHAT TO DO AND HOW TO DO THEN CONSULT AND ATTEND THE INTRODUCTORY SESSION OF RENOWNED BUSINESS ADVISOR AND MANAGEME

IS YOUR BUSINESS IN LIQUIDITY CRUNCH?

Every small and medium business is talking about liquidity crunch.  I thought why not write a blog for same and I am here; 

Dear Friends, whenever any new news comes, we immediately pick that and especially when it is very well be used in a business communication , some of the news which was quite popular and used quite often by many of us to avoid the financial responsibility.  Some of the popular work to highlight  “ Bhai Election ka time hai, Dhanda Manda hai , Bhai March Hai Dhanda tight hai sambal ho , After Election  teji ayega, thoda rukhja bhai ” and now the latest trend in the business market is “ Bhai liquidity problem hai , paisa nahi ha raha hai ” I am sure many of us have heard this and many of us might also used it, friends I have a question for you of that in what direction  are we going and are we running the business rightly and in a right direction ? It is a question one should ask with themselves and try to find out the answers ?

With this, I am sure you will get the answer but you will justify your answer by saying “ Kya Karu Bhai, Majburi hai ”

Friends, such things in business will not help one to grow in business. There is never a right time for business. We need to bring the right time for business, whatever business you are into.  The real problem is not with the market, it is with your business and its management, particularly with your Finance management.  Accept it or leave it.  It is on you and it is true.

Many of us have incurred their business expenses in expectation of increase in the business and whereas some are not taking any measures to improve their business, some have good business but they are just playing with it.  Are you among those who wait for news to come and use it in business communication and while honoring financial responsibility? If yes ! Stop such things and start business by following the very ground rules of any business to grow and which make you to succeed.  Some of the ground rules to be taken care:

1)    Manage your business before your business start managing you.

2)    Follow and maintain business integrity irrespective of your business.

3)    Budget your business Income and Expenditure at regular intervals.

4)    Forecast your business, understand your risk appetite.

5)    Run every business independently with its separate Books of Accounts.

Following these simple rules in your business for managing financial responsibility, can make your business to grow and expand to the next level.

Thanking You…Yours Arjun , Reach me @ arjun@arjunamanchi.com.

5S Principles of Housekeeping

5S is methodology for organizing, cleaning, developing and sustaining a productive work environment. The methodology originates from a Japanese housekeeping idea named because of the five Japanese words each beginning with “S”. They are “SEIRI”, “SEITON”, “SEISO”, “SEIKETSU” and “SHITSUKE”

Definitions

SEIRI (SORT) – Segregate what is needed, needed later, and not needed. Discard what is not needed.  Segregate needed items by frequency of use. Dispose the items in red tag area- sold, moved or given away.

SEITON (SET IN ORDER) - It means that you arrange the needed items so that they are easy to use and label them so that anyone can find them. Use the “PEEP” principle i.e. Place for Everything and Everything at its Place to keep things in order.

SEISO (SHINE OR SCRUB) - Clean everything like floors, equipments, machines, furniture etc. SWEPT and CLEAN inside and out to keep those items tidy. 

SEIKETSU (STANDARDIZATION) – Create the ground rules for maintaining and controlling the first 3S’s and usage of visual controls.

SHITSUKE (SELF DISCIPLINE) – DO things without being told. Train everyone in workplace to follow good work habits so that it is a matter of personal pride and self-respect.

All the staff,  as well as housekeeping personnel need to be trained in 5S Housekeeping principles to implement self-discipline.