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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The need for Entrepreneurship Education

Posted by on Sep 4, 2011 in Business, EPM World, Marketing, Branding, Self-employment, Start-up business | 0 comments

In my earliest posting I have cited several contributing factors to become a successful entrepreneur.

While starting a business is one side of a coin the other side is running it successfully duly strengthening the confidence of all stakeholders.  The top three problems faced by start-up entrepreneurs are mostly (a) marketing, (b) management and (c) working capital.  However, majority of entrepreneurs point their failure towards deficient financial resources or short working capital.  The creeping fact indeed would be mostly the failure in marketing.  Poor marketing and sales would create a vicious circle where poor sales results in piling stock in the warehouse, which in turn would make a dent on working capital leading to management confusion.

A good percentage of start-ups are initiated by first generation entrepreneurs who lack the knowledge or experience in the business processes or functional priorities in business.  Many don’t follow the business setup processes like:

  • Opportunity/Idea research: If not done it would result in inappropriate, unviable or bad business selection.  This would lead to obvious failure at the end.
  • Feasibility Study: If not done it could result in incorrect product / service selection for the target market, improper sales projections, wrong or deficient strategies to face competition and more.  The end result would obviously be either product failure or market failure.
  • Detailed Project Report / Business Plan: If not done it will not let you know the sequence of processes, actions required in the end-to-end implementation of project and the planning & strategy required to conduct business operations.  Besides, these documents would be highly essential in securing business loans, availing government support with respect to loans, and subsidies.  DPR and Business Plan are the mirror to the business / project and an entrepreneur should invariably get the same done and imbibe the contents for right implementation.  The documents should never be considered as a record alone if a true and transparent success in the project / business is to be achieved.
  • Project Management: This is related to the setting up of business or executing the project in a structured, disciplined, transparent and an accountable manner.  Project Management is important because if you don’t manage project effectively, you will find yourself at the negative end of the road.  The saying goes very clearly that when you don’t plan, you plan to fail.
  • Marketing Strategy: The sin in business is allowing the produce to remain in the warehouse than pushing it into the market.  How is it possible to market a product without right strategy that could tell you the means, resources, methods, and schedules to market your produce?  Hence, marketing strategy is highly essential for the very viability of business.
  • Financial Management: Financial resources i.e. money is every thing in the business.  Inadequate money or improper financial management will result in several failures.  This is especially difficult where the business procures secured or unsecured business loans which will need servicing of loan on time for peaceful running of business.  Many businesses will again misjudge the spending on CAPEX and Working Capital.  Going beyond the budgetary allocation for procurement of capital goods or high spending with poor negotiation power will result in drain of budgetary resources.  The effect would be a strain on working capital.
  • Induction of human resources and expertise: Team is everything.  Induction of quality team depends on right job description and right recruitment processes.  This plays a pivot role especially in the matter of senior management personnel.  This would always need professional consulting services and business should not go for just known resources or cheap resources to save money.
  • Communication management: This could be resolved through professional management processes and should not be ignored.  Right communication and interactions would create brand identity and corporate identity in the organization pervading transparency across the enterprise.
  • Collaborations & Partnership: Identification of partners who can complement the business abilities and requirements, proper negotiation of terms, clean exit plan and assessment of ROI on partnership are most important aspects which could be done only through right understanding of market.
  • Stakeholder Management, CRM: If the aspirations and expectations of stakeholders are not properly analyzed and right customer support system and Customer Relationship Management is not in place, it would result in customer dis-satisfaction and business erosion.
  • Return on Investment: Business should be directly related to the Return On Investment.  Having cash flow for some reasons may at times make you believe that business is doing well.  Professional assessment of return on investment is an important process and business must know the short-term and long-term returns to be received and investment recovery time lines in order to drive the business in right direction.

Several SSI and SME firms have a bad notion that businesses would not need such a strict rules to follow documentation or detailed processes as above.  That is the very cause of business failure.  Process and process quality is inevitable for business success.  There is no thing called ‘small’ or ‘big’ in the matter of ‘success’ or ‘failure’.  Both would have same bearing and would have same background in all likelihood.

The situation calls for professional education for entrepreneurs before they start their business.  Interested individuals can contact us for Start-up education or start-up services at any stage of their business progress.

http://www.blog.epmworld.in

http://www.twitter.com/epmworld_edc

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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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Some of my tweets – Part-III

Posted by on May 4, 2011 in EPM World, Expressions, Humane, Leadership, Philosophical | 0 comments

Every day hundreds of thoughts cross through our mind.  We know the majority are involuntary ones.  At times, I try to divert my thoughts to a more purposeful subject.  I love to register those important thoughts on my Twitter account.

This post comprises some of my tweets.  This is one way of sharing my tweets and at the same time having a backup on my blog.

  • Every action of ours tantamount to meditation when it is done with devotion.
  • In every walk of our life, we should involuntarily compile a risk register to consistently succeed in life.
  • People who always tend to look things through negative lens also throw negative vibes.
  • When your work is inspired by dreams, it can make the impossible possible.
  • Product innovation reduces the burden of marketing innovation.
  • When the failure frowns upon you, use the magic wand called ‘confidence’.
  • Nothing is impossible to achieve through right and disciplined communication. Trade and commerce to divinity.
  • Can ‘growth’ be a regular point of business agenda? Does it reflect positive or negative?
  • We can eradicate pain and penury only when the world stops surviving on money.
  • We care about Voice of Customer & talk about Voice of People. The consistent need, however, is advocacy to Voice of Sufferers on the street.
  • We should not need an every time wake-up call to attend to the mute appeal of people under Below Poverty Line (BPL).
  • Positive revolutions take place when intellectuals break their silence.
  • Playing or interacting with children is a lesson to us. They help us learn many things & make us understand our weaknesses / shortcomings.
  • The biggest challenge in making a project plan is drawing pragmatic sales projections.
  • The temple which is built with bricks of purity and devotion is stronger than the God.
  • Life is like a long drive. Inherently, both have joy, speed breaks, congestion, accident, breakdown, companion, entertainment, and more.
  • The true success is not in the continuing journey of success, but one being humble through the success.
  • We will feel lazy to take His name or we will ignore His prayer till we continue receiving His blessings.

I would be happy to discuss on any point if you want me to elaborate further.

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Some of my tweets on Twitter – II

Posted by on Apr 16, 2011 in Business, EPM World, Expressions, Leadership, Philosophical | 0 comments

I keep tweeting my thoughts and express opinions on business mundane.  Twitter is my favorite platform which gives us the freedom to be socially active.  I would like to share through this posting some of my tweets.

This is a better way of preserving tweets as at times old tweets disappear from display.

  • It is ideal to increase our focus on changing customer perceptions and requirements than a mere strategy to face competitors.
  • Every day review of his / her business is a big learning for entrepreneur. Personal touch in the context with customers is a big asset.
  • I won’t consider IRR alone for a given project if I find an opportunity to create higher brand value for a venture as I favor long-term returns.
  • Tweets are better than any news whether TV or News Paper. We can have what we want on the platter.
  • We should have more BPLAN fairs by VCs to attract and encourage innovations from small cities.
  • ERP application is like pillars and roof. Once deployed, it will be a big decision to replace or remove.
  • When rain copulates with the earth, livelihood sprouts.
  • Playing with children is a form of Yoga.
  • Every small good thing inspires me and every big blow strengthens me.
  • An entrepreneur who is at the brink of success should be more cautious.
  • We can raise the self-esteem of our team by treating them as ‘human intellect’ than human resources or human capital.
  • Business has evolved to be a bonding element in the society while insensitivity to human relations playing a major role.
  • Performance failure of an employee could turn the pointer back to mentoring, recruitment, welfare, growth or HR insensitivity.
  • There can’t be a better CSR effort than creating employment in the focused areas.
  • One of the important welfare measures, I prefer for my team would be an exclusive incubating center to prove their individual expertise.
  • Human intellect is the bonding agent in the business pyramid.
  • Entrepreneur is also like a King or ruler of a country who should think and work for the common and larger benefit.
  • Collective productivity and collective growth should be the tenets of leadership.
  • Visionary should be like a true film director who envision and steer movie for others.
  • Time doesn’t wait for any one. Our age doesn’t wait for achievements.
  • The base for human development and human destruction is human intellect. The difference is the purpose of its application.
  • If you are reciprocative, you are everything – responsible, mutual, accountable, professional, sensitive, and caring.
  • The one luxury that is abundantly enjoyed by the poor is sleep.
  • An enterprise which doesn’t define its Vision could carry the risk of making journey without knowing the destination.
  • In the worldly life, that we live, anger is an important tool at times to control others encroachment on our personality.
  • When you feel you are getting undeserved treatment from the God, talk to your strength.
  • Recession periods are shutdown times for maintenance of organizations.
  • Miscommunication is the seed for conflicts. Clarified communication is the best solution.

Will post some more sometime.

http://blog.epmworld.in

http://www.twitter.com/EPMWORLD_HYD

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