Entrepreneurship and Business

Posted by on Aug 15, 2012 in Business, Self-employment, Start-up business | 2 comments

As a strategic consultant for Businesses, mostly for start up ventures, I would attend to around 50 enquiries a month. My experience with several such business enquiries since the last few years has been quite surprising and disappointing too. It is disappointing because most of the callers turn out to be specific to embark on to a business of their choice. The fundamentals of business set up like market evaluation, idea research, and the need for process documentation have never been felt to be important in their business pursuit.

As a matter of best practice, marketing capability should come as the first metric in analyzing the Business investment. The market capability means the readiness of the market to accept the product and the willingness on the part of the investor to wait for the results while continuing with the brand positioning efforts. This aspect is again the most ignored one.

business guide epmworld blog

Many of the callers query for a unique Business that is not present elsewhere. The pointer here is that it is very risky to start any such Business unless it pivots on the most unique, innovative and huge customer focused requirement. The other type of callers have been impulsive entrepreneurs who owing to situations like forced unemployment or recession led unemployment or with competitive spirit to prove oneself get on to business thought. Such an impulsive investment would only make them restless for return on investment besides placing them in piquant management situations leading to operational dysfunction and business loss at the end.  They don’t like to care for such possibility in the spur of the business thought.

Here again are other classes of callers who want to get into Business without moving from their home. Mostly they are housewives who want to utilize their leisure time to earn some business income. Such a possibility is remote unless the person becomes part of an ancillary network for a large marketing company or possesses unique skill set like arts, crafts, tutoring or culinary skills to earn home based income. However the thought of this category of callers is very genuine, but the mindset that they do not want to step out for neighborhood marketing or research or community service like activities – which truly will engage them in a productive activity – doesn’t realize their dream to become entrepreneurs.

This is a disappointing category of callers who have already invested huge sums on a given business idea and are on the edge of collapse. Like an emergency patient who should undergo an operation but doesn’t have money, these entrepreneurs ultimately would not be able to continue their venture for financial constraints [even with a small working capital to put their operations in course]. Neither would they have reached to a finished product level to raise project finance for marketing.

At the end I would find some 10% of the callers relevant for entrepreneurship. The above situations are the result of lack of entrepreneurship education or mentoring for aspirant ventures. Again this clearly shows the spirit of entrepreneurship among many people around us irrespective of the size of the business they would like to start off.

May be it is time to take up entrepreneurship education to community level through periodic workshops and micro loan melas and social enterprise support.

The knowledge dissemination in this context can happen through various Business Schools making their faculty and students as the supporting mentors. Entrepreneurship is the tool for employment generation. Thus it is essential to spread the awareness to increase the quality rate among the callers as above.

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Business Consulting

Posted by on Sep 12, 2011 in | 33 comments

Business Consulting:

The growth and development of any business depends on the thorough understanding of business, changing market requirements, growing competition, trending technologies and an efficient team that shares and works for achieving the Vision and Mission of the organization.  This aspect is not possible with every business owner considering the time constraints, relevance of his / her pre-business-experience and many other related facts.

As a Business Consulting firm, we can evaluate your business in “as is whereis basis” and work for a right solution to take forward the business to achieve projected growth. We have christened our company as EPM World to denote our service range spanning Enterprise Portfolio Management (EPM). Enterprise functions constitute every thing right from setting up company, formulating detailed business plan, going for commercial launch, conducting operations to achieving sustenance and growth. We may discuss any of your business concerns for a right advice, strategy or service extension.

  • SWOT Analysis and Due diligence
  • Marketing & Branding Strategy
  • Business Development Strategy
  • Collaborations / Tie Ups
  • Drafting Of MOUs, Agreements
  • Content Management
  • Online and Internet marketing Strategy
  • Process Development and Deployment for functional efficiency
  • Information Technology implementation strategy

Our business consulting services and development strategies would guarantee the defined short-term and long-term benefits to the organization.  May talk to us for a free discussion and brainstorming of your growth concerns for a clarified path.

 

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Business Consulting Services

Posted by on May 15, 2011 in Business, EPM World | 0 comments

The company EPM World located in Hyderabad, India is an end-to-end business consulting service provider for industry and business.  The services encompass the scope of Enterprise Portfolio Management (EPM).  Click here for a detailed picture of service range.

Every other project would need almost a uniform approach and processes except for the domain technicalities.  Owing to the technical competence and the consulting expertise of promoter(s) and the collaborative expertise of subject matter experts (SMEs), EPM World can extend its Business Consulting to any industry sector or business segment.

Services extended by EPM World:

  • Start-up services
  • Management Consulting
  • Business Consulting
  • On Demand Services
  • Project Management Consulting to Power sector

Industries served:

Since its inception in 2009, EPM World has served and is serving around 24 clients from disparate industry segments.

  • Painting (Marketing services)
  • Oil and Energy (Marketing services)
  • Hospitality (Startup planning)
  • Professional services (Turnkey services)
  • Technology Training (Corporate Identity)
  • Retail sector (Marketing services)
  • Automotive servicing (Startup planning)
  • Educational sector (Turnkey services)
  • Construction sector (Corporate identity)
  • Power utility (Technology services)
  • Laundry and dry cleaning (Startup planning)
  • Food Processing (Startup planning)
  • Packaging (Startup planning)
  • Consumer electronics (Marketing services)
  • Mining  (Corporate Identity)

The start-up planning services consist right from the identification of new business opportunity, project report documentation, loan syndication, project planning and marketing strategy.

Besides the above, we have provided startup advice services to hundreds of  aspirant entrepreneurs.  The advice focuses on the business idea, investment requirement, ROI and recommendation for any given startup proposal.

If you are in the process of raising a new business or looking for guidance or services for your present business needs, may please reach us at ram@epmworld.in

Blog Author:

The blog is authored by the CEO, EPM World.  The blog focuses on business topics like business consulting, entrepreneurship, leadership and more. The entire content unless otherwise indicated, is authored by CEO, EPM World.

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