Running your own business tactilely and totally depends upon your own psychological reasoning. A degree of ownership, productivity and effectiveness become crucial while owning a business. For any start-up, the initial stage requires active commitment. No wonder it’s not an easy mission to own a business. Although, a lack of ideas, talent and capabilities might obstruct your creativity.
However, problems may arise in a fraction of time and lack of resources might push you away from your business. Moreover, with proper support and guidance, any business can go “ground to mushroom”. With SIPL career guidance and consultancy can blossom your start-up with ease.
Defiance/Problems
Case–1
The substantial reason most start-ups or new businesses fail is that they fail to sort the market snags. Market snags cause businesses to put “hair “. It requires good sales reps in tough conditions.
Major Concerns
- No goodwill in consumers, posses no commitment towards purchasing of your product;
- Wrong market timing or no solutions for diplomatic problems;
- Running out of cash repeatedly – Resulting in production;
- Poor marketing strategies;Product-market compatibilities issues;
- Cost/price issues;
- Ignoring consumers complaints;
- Lack of commitment, passion, focus, and motivation;
- Dropping/implementing ideas too soon;
- Wrong consultancy from the wrong people;
- Low exposure towards investment in a good team;
- Lack of business knowledge or domain expertise.
Case–2
An outline of a business model is everything in start-ups. Most of the new businesses do not understand the importance of the business model. Many businesses break down because they fail to understand the importance of it.
Major Concerns
- At initial period more effort to attract customers but as the time passes it becomes an expensive task;
- Cutting down too much cost;Ignorance of external threats;
- No business analysis;
- Not seeking any expert advice;
- Not clearing self-doubts;
- Comparison with other businesses;
- Not understanding the importance of technology;
- Poor execution of business model;
- Wrong value preposition not acquiring life-time customers.
Though business models become effective when there is a substantial amount of Research and Development done. For every business research and deployment is the key. That is what SCG do for new businesses. They resolve the business loopholes in the business model and fill them with their expert advice.
Case-3
The incredibly common situation for every start-up or new business is “Team Building” and “Fund-Raising“. A good team can leverage the business and save a substantial amount of money. Fund-raising is also another biggest fear of entrepreneurs. Running out of cash becomes challenging for start-ups at a certain period.
Major Concerns
- Acquiring a perfect candidate on a restricted budget is challenging;
- Seeking for the exact job profile rather than multiple hidden talent;
- High on numbers work like dumber – candidate might fulfil the high marks criteria but on real time problems they go prone;
- Fear of picking the right team result in stress;
- Poor management team can lead to weak strategy making;
- Poor execution of ideas results in rampant;
- Brisking of thoughts without understanding its demerits;
- No steady flow of money or cash;
- Not understanding the up-down of business;
- No secured fund for hard times;
- Emotional investment;
- To much borrowing of money;
- Not understanding the other expenses like bills, logistic cost, employee salary and other minute things;
- Failure of business model also causes depletion of cash;
- Quick investment on stocking up;
- Not understanding the customer opinions;
- Lack of understanding the business intuitions.
Our Decoding
- Developing strong mentoring relationships is strongly recommended for new business.
- Must build courage to listen, see more to observe, and read more to learn.
- Passion and commitment are the key for any founder.
- Keeping short milestones.
- Understanding the difference between the constant adjusting and willingly adjusting.
- Acquiring knowledge from professionals.
- Domain expertise advice must be adopted.
- Business analysis enhances the understanding of loop holes in business.
- Hiring a good team.
- Hiring candidates with multi tasking capabilities.
- Understanding the importance of technology in the field of business.
- Seeking out for the expertise business model.
- Most Important stick to your ideas.
What We Serve
Shreedayini (SIPL) cultivates persistence, perseverance and willingness to tackle all sorts of hurdles of yours. We motivate entrepreneurship for bright, frugal and strong cultivated mentorship. The effective and efficient way of doing this is fundraising, planning and execution. Shreedayini (SIPL) scintillate your ideas into reality. With our professional team, we walk side by side of your business and act as shields for incoming. Our technical assistance and data analysis team leverage your business up to the mark. SIPL strongly follow the legacy words of Alfred North Whitehead “Ideas won’t keep. Something must be done about them.”
