Mentor for your venture – a start up or existing company

Posted by on Mar 25, 2015 in | 0 comments

If you are looking for a mentor for your venture please do talk to me.  I can assist you in achieving positive growth overcoming various challenges.  What you need is just an open mind to analyze renewed vision and /or renewed processes and leadership.  Here are a few words on mentoring.

Whether yours is a star-up, a grownup company, or a company in stress, it would need a mentor who can analyze its performance and provide successful guidance.  Mentor acts more than a owner being not an owner.  Mentor assists your venture with self-less motive and with humble terms.

mentor

What you get from a mentor?

  • Leadership direction
  • Risk analysis & risk mitigation
  • Course correction
  • CEO at no cost or less cost
  • Motivation and encouragement

The qualities of a good mentor?

  • He/she should come with relevant expertise in managing a start-up project or existing company.
  • He/she should be conversant with the contextual culture of the promoters, organization, geography.
  • It truly helps if he/she comes with mixed experience of success and failure which gives better maturity to guide a venture.

What is the value addition a mentor can bring in to your venture?

  • Provides you thoughtful leadership
  • Helps in improved confidence in your stakeholders
  • Connects you with relevant network
  • Promotes your venture among his network and advocates positively among stakeholders
  • Many a time he/she comes with excellent Subject Matter Expertise

Mentor would help your venture evolve from:

  • Individual driven to system and process driven
  • Self centric to stakeholder centric
  • Local global to future global
  • Self goal to social goal
  • Self growth to inclusive growth

Do performing companies need a mentor?

Yes.  It depends on the existing leadership’s choice and outlook.  In any case a performing company could get following benefits from a mentor.

  • Not to deviate from the right course
  • Right analysis of success factors
  • Enhanced leadership
  • Repeat success
  • Expand or diversify present business
  • Strengthen the strengths
  • Add intellectual value

You may talk to me anytime at +91-9177934566.

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Part-time CEO could be the right choice for your venture

Posted by on Oct 29, 2011 in Business, EPM World, Start-up business | 0 comments

Part-time CEO

The very mention of part-time CEO may appear to be something unknown for many of small or start-up enterprises.  Yes, because we are mostly used to the model of Consulting SLA whereby a consultant or an organization would meet the piecemeal services required by a venture.

At the very outset why an organization would need a CEO?  Obviously to define a right strategy and planning for the successful implementation of business objectives and to drive the vision of the enterprise.  CEO would obviously be accountable to draw organizational productivity, consistently increase the net worth of the company, and achieve stakeholder satisfaction.  These aspects would inherently demand efficient management of all business functions supported by an energetic team.

Part-time CEO services from EPMWORLD

Why do you need a part-time CEO:

(i)  You may be a first time entrepreneur and a start-up owner.

As a first time entrepreneur, you will need support right from setting up the processes, implementing the project  infrastructure, to putting the venture on commercial track.  These initial processes need multifunctional expertise in business and management.  For young entrepreneurs and for people who come from traditional business line, this might prove to be a challenge to build a professional structure.  In order to overcome this challenge, a first time entrepreneur and a start-up owner can engage a Part-time CEO who can invest his expertise on (i) Business Plan (ii) Statutory and mandatory registrations (iii) Investment model (iv) Procurement (v) Policy Development (vi) Marketing collateral (vii) Legal and organizational documentation (viii) Team deployment (ix) Technology implementation (x) Infrastructure deployment; and (xi) Commercial launch.

Besides the above, the matter of business promotion and brand identity processes suitable to the target market and customer segment is an important concerted task to be achieved with the active involvement of respective team members.

(ii)  You may be remotely handling a project.

You may be the promoter-owner of the venture who is away on other avocations.  You may be an enterprise having headquarters or business units in other part of the world.  You may want a local expert in the project location to handle the project with absolute expertise and accountability.  You need a responsible company who could extend you Part-time CEO services placing their Sr. Executive onsite.  This model will bring you required assurance on successful project implementation supported by relevant SLAs.

(iii) You may be holding some parallel projects which demand specialized techno-management skills.

You may be an individual or an organization who has got requisite management expertise and seized with several projects.  You might need a Part-time CEO who come with requisite techno-management expertise.  This will place you at ease in the initial project launch and you will also be secured about the project success under SLAs.

The model of engaging a Part-Time CEO:

You should go for a model where the role of a Part-time CEO is a mere indication of responsibilities, deliverables and accountability.  He may not be necessarily be an all-time visitor to the project site.  As a promoter-owner, you will be the actual CEO in the organization and the person in question would otherwise co-ordinate with you to effectively handle project deliverables.  The appointment of such person or organization for part-time CEO services would precisely indicate these aspects along with (i) project scope, (ii) terms of service, (iii) periodicity, (iv) remuneration, (v) Support after project launch, and (vi) exit route, in the MOU.  Regular and onsite placement of part-time CEO might give way to management and team cultural challenges on his exit.  Thus, it is desirable to have off-site services as an officiating person.

The MOU could spell the performance metrics and subjective terms like penalty for non-performance, cost over-runs, schedule delays and so just as in case of a project delivery agreement.

The challenges in going for a Part-Time CEO:

You would need to exercise openness in accepting suggested measures by the part-time CEO.  As a responsible person for project delivery, he might want contextual changes in resource handling, vendor relations, procurement preferences or even review of strategy.  Mutual trust and transparency between the promoter-owner and the part-time CEO would make lot of positive difference to the project.

The parameters of selecting a right organization or right individual

The most important parameters being (i) Multifunctional expertise specially with respect to project management (ii) Visionary with innovative thinking (iii) Ethical and transparent (iv) Sense of ownership (v) Proven background (vi) Process oriented and analytical (vii) Market Awareness (viii) Service with smile; and (ix) Always accessible; and desirably Social Media savvy.

Notwithstanding the above, the final responsibility again lies with you to monitor the effectiveness of part-time CEO and his deliverables.  Ideally, you should undergo a few sessions of detailed inputs from him before the project start and during the project handling on the approach, project baselines, performance parameters and controlling measures.  Choose a person as a part-time CEO with guts and confidence and through thorough screening.

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Management Consulting

Posted by on Sep 12, 2011 in | 4 comments

Management Consulting for growth, viability and excellence.

The invariable challenge that any successful enterprise would face in its journey would be that of retaining the earned success and achieving further growth. To make this possible, companies must have strategic planning that is rightly implemented involving demanding changes by the evolving market dynamics.

Among other requirements in the day-to-day management of corporate sector, we extend management consulting services in devising and deploying a definite ‘Strategy & Plan’ with ‘guaranteed’ results.

Project Management Consulting:

From the point of developing a detailed project plan to deploying project management methodologies, designating project team and ensuring earned value management, you may avail our support in the end-to-end management of your projects. Our experience spans the areas like project planning, customized project management methodologies and mentoring the project team for mature handling of the projects.

Designing Of CSR Programs

If you are concerned about finding right programs to constructively utilize your CSR budget and if you are looking to outsource the design and management of your CSR programs or collaborate with any Social Sector Organization to jointly launch your social initiatives we can assist you. CSR programs need to be monitored for definite results and evaluated for ROI on CSR budget.

Social Media Strategy Development & Deployment

Identity development and identity maintenance has evolved to be the perennial requirement for businesses to acquire customers and to create branding.  Because, the present day customers largely constitute online population who explore Internet to identify genuine and competitive vendors to go for any purchases. This has propelled the culture of online marketing.

One of the core requirements for successful sustenance today is to achieve online and offline brand identity. Online promotion is a professional task and can be better achieved with the help of Social Media Consultants.

Our services in the line include:

  • Social Media Policy & Strategy development
  • Social Media profile creation
  • Social Media profile maintenance
  • Creation of Personal Branding
  • Social Media training

 If you are a business house, a corporate enterprise, a celebrity, an author or any other entity looking to improve your online identity, attract increased business flow or develop personal branding, you may please contact us.

Corporate Training

You might find frequent need to train your team in varied areas like Leadership Skills, Personality Development, Performance Development, Technology transition, Project Management, Talent & Intellect Management or any specific requirement.

Training programs must be properly designed in content, flow, and schedule to meet the requirements of proposed participants rightly delivered by competent faculty. Investment on Training programs should be analyzed for its returns. This is the most neglected or unmonitored expense in many of the enterprises.

Please consider outsourcing to us your training needs on case-to-case basis or under long-term contract basis. We will guarantee you the ROI on your training budget.

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Communication – The barrier and the bridge

Posted by on Jan 24, 2011 in EPM World, Marketing, Branding, Project Management, Self-employment | 0 comments

There are two perpetual processes that happen within us.  The first one breathing which is a life long process and which happens involuntarily whether we are in sleep or awake.

The second one communication.  We communicate with people around us or communicate within our-self when we are not in sleep.  Besides, we also keep communicating unconsciously in our dreams during our sleep.  Dreams may not be regular, but dreams are a sort of communication with the unknown things and depths.

While breathing gives us life, communication makes our life.  While we have nothing to do with the process of breathing unless during the time of Yoga or Meditation, it is the process and act of communication that we have every thing to do with.  All the words like who, whom, when, what, how much, and where apply to communication like:

  • what to communicate
  • where to communicate
  • how to communicate
  • how much to communicate
  • when to communicate
  • who to communicate with whom

These observations play a vital role during our interactions with the God, parents, spouse, elders, children,  colleagues, senior colleagues, strangers and many others.  Over communication to our-self and within our-self (introversion) is also undesirable.

Communication as we all know is passive, active, verbal, oral, written, bodily, multilingual, multilevel, and multidimensional.  Communication should always be precise, concise and tender.  Atharva Veda says communication should be soft and tender worded.

We achieve our personal and professional objectives through communication.  Right communication wins over a girl friend.  We know what happens if the same goes wrong.  A project is achieved through communication.  Whether it is a meeting, written document, drawing, diagram, visual piece, dispute, argument, trust, secrecy.  Every thing is a communication.  Project management consists of only these things or more related.  Thus, if we are able to maintain right and precise communication we can achieve successful projects.  One can become a successful professional.

A composed, cool and pointed communication can win over your enemies.  The content of your communication how much ever precise and contextual it may be, it will not bring in desired results when conveyed in anger or outbursts.

Every other situation which went wrong or which went right has some thing to do with our communication.  It could be personal relations or professional interactions.  A Doctor’s kind word works better than the vials he inject, an empathetic tone acts as a succor, a magic word makes the project team more productive, and a silent communication with the God can give us an eternal peace.

There is always some thing to correct in our communication as life is a perpetual learning process and we need to live our life in peace and harmony.

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Savings in Project Cost

Posted by on Jan 20, 2011 in EPM World, Project Management, Self-employment, Start-up business | 0 comments

One of the most important aspects of starting any business is determining the project cost.  The profitability performance of entire project is based on the accurate calculation of project cost and savings in the very project cost.  Because, the project cost is the base to determine as to how much money the owner should invest and how much he should mobilize in the form of loan or co-promoter’s equity.  This element is addressed as debt and equity ratio.  Once we have clear understanding of debt & equity, we will be able to draw the cost of capital i.e. the interest rate for own equity and loan amount.  High interest rate and longer amortization tenure will cause considerable cash outflow for the loan tenure.  If the business is a slow revenue model, it would cause strain on the short-term capital.  Besides, it could also contribute in the late break-even, negative DSCR, lesser IRR and even negative NPV.

How to fix project cost?  What are the determining heads of expenses in the project cost?  How to optimize project cost?  What should be the right investment for the project?

Any given project at the outset will have following expenses before the project goes into commercial stage.

  • Cost of infrastructure
  • Deposits  towards  buildings or franchisee
  • Legal & Professional fee
  • Costs towards obtaining licenses & permits
  • Setup and installation costs
  • Pre-operative expenses
  • Working capital
  • Business launch and promotion
  • Contingency

It is imperative that we save costs in each of the above items.  For example:

  1. It is possible to save cost on the infrastructure by exploring phase-wise deployment of infrastructure, leasing of buildings in place of construction of own building, outsourcing services like packaging, maintenance, logistics, or even certain amount of product spares.
  2. If it is franchisee based business, it is possible to negotiate for deferred payment of franchisee deposits or fee or revenue based sharing totally avoiding the franchisee deposit.
  3. It is important to identify a right consultant who is economical and who could also advise on the total economics of the project.
  4. Licenses or permits which are not vital for initial project commencement could be deferred based on the dependent activity phase.
  5. Procurement of equipment, machinery, software, hardware or any such things should be carefully decided where the procurement cost absorbs the setup, installation and annual maintenance. With respect to Software, it is very important to practically assess the licensing requirement.  Procurement as a whole is a professional job and it should be done by an experienced team member who could bring in savings in terms of taxes, delivery time, and value added benefits.
  6. The other major savings could be in pre-operative and launching expenses.  This is always contextual and depending upon the type of business, the amount of PR or exposure required to the project, there could be considerable savings against this head.
  7. The contingency amount should be judiciously decided so that we don’t block the borrowings while we end up paying the interest costs for the unused amount.

Besides the above, the very major saving is effective management of project schedules and production schedules.  Delayed project schedule would always result in the budget overheads.  This is a common phenomenon in the government projects.

The right investment for a project is always contextual and the major consideration should be early recovery where-after one could always bring in more investments for expansion or capacity upgradation.

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