Tags Posts tagged with "small"

small

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The Congress Party vice president and Nehru Gandhi family scion Rahul Gandhi’s incessant Gujarat visits and his vociferous attacks on Prime minister Narendra Modi and BJP led NDA government at the centre on GST and demonetisation is the only issue that is being emphasised repeatedly with no emphasis on issues like inflation and unemployment. While Rahul Gandhi’s impact in Gujarat is gaining a positive aspect in terms of enhancement in large crowds in his rallies and consolidation of the minority vote bank alongwith the vote of anti incumbency as the BJP is ruling in Gujarat for the protracted period of nineteen years, the Congress party workers and leaders are finding it difficult to explain the people about the demerits of GST as they have not been educated in detail about the intricacies of the complex GST functioning leading to problems to small and medium businessmen and traders. The increasing activity and performance of Rahul Gandhi in social networking sites, particularly the twitter compounded with his furious targetting of BJP leadership in the context of Gujarat election with his fire brand speeches has constrained BJP to adopt a more attacking mode leading the state chief minister Rupani accuse Ahmed Patel, the Congress Rajya Sabha member and Sonia’s political secretary of allegedly in league with anti national elements which finally got badly back fired. Rahul’s highly successful Bharuch rally of Gujarat held on 1st November after successes of other previous rallies during the last few days under his Gujarat mission has definitely send threatening signals to BJP but if we go by the recent opinion polls BJP still seems to be far ahead in Gujarat. The major draw back for the Congress party in Gujarat is that while BJP has no dearth of political leaders right from prime minister Modi to party chief Amit Shah to Gujarat CM Rupani to the entire cabinet in Congress except Rahul Gandhi no other leader carries any special or significant political impact or charisma on the electorates of Gujarat as the Gandhi scion. Moreover, the entire state and central machinery was at work prior to the declaration of the election dates and subsequent code of conduct with announcement of pre election freebies, worth thousand of crores. The former CM Gujarat Shankar Singh Vaghela had also left Congress and few MLA’s as well. While the Gujarat election is a litmus test for prime minister Narendra Modi after spate recent victories in UP, Uttarakhand etc it’s no less significant for Rahul Gandhi, as well, who is likely to be appointed as the Congress Party chief, the party that is 135 years old and ruled India for more than 60 years.

SUNIL NEGI

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You should know that there is nothing more thrilling than giving an identity to something you formed, out in this highly competitive world. Bringing out your business in the market is an interesting, entertaining but at the same time a challenging and rewarding part. From this you can make this out that your future is really in your own hands. Ensure that you work really hard to attain success.

Taking out this mask of an “easy” image of your business, this is really important for you to notice that apart from all its positives it also has some negatives. There exist some bleak actualities that you need to know. You just need to know on how to face these challenges while running your business in order to make it a hit amongst your competitors.

Ÿ Finance Management

In order to let the small businesses survive cash flow is mandatory. It is the most vital component of a business, whether small or big. Entrepreneurs specially engaged in the small businesses face this financial issue. The main problem that stands here is “delayed payments”. Whenever you serve any of your customer, then the payment made by him/her may take a couple of days. Under these couple of days you have to pay your bills, hire employees, and give salaries and incentives to your employees. All this has to be done by you, whether you pay them from your pockets or business’s old earnings.

Ÿ Time planning

   The major obstacle faced by a small business entrepreneur is the “time management”. A small business has to work on so many products and the clients of varied nature that it many times fails to manage the time effectively. If you’d have more time, you’d have acquired more work and money. You just have to be smart enough on how to manage time and planning every task/operation accordingly. Managing your time leads to making money.

Ÿ Hiring staff members

The hiring procedure of the employees may consume a lot of time of yours. It includes examining your aspirants’ resumes, taking their interviews, mailing them the confirmation etc. After all this is done the only thing left with you is hoping that you can provide the best salary package and take out the best employee for your business to start working and take your enterprise to great heights. You just have to focus in how to build up the relationship between the boss and the employees.

Ÿ Impoverished Budget

Your cash budget seems fine, does it? But are you fully satisfied with this? One of the major problems for a small business is that even if your cash flow is doing fine you do not have enough budgets to take your company to its full potential. You need to spend your money in the areas where there are worthy to be spent. You can save the cash and keep it for all the other miscellaneous and operating expenses in the near future. Spend in those operating areas where you are sure of or are expecting the returns and ensure you are never in a loss.

Ÿ Choose what to deal in

   You should know what to sell. Just seek out in the market and see what your competitors are dealing in and what different and unique you can do to stand out in the crowd. You can examine the tastes, preferences and the trending things among your target customers. If you are weak in identifying the prosperous niches then choose the person who is stronger in this area to work on. You don’t need to spend a huge amount of money in this, just hire a freelance researcher who is an expert in the field you are interested to work on.

 

Thus, having a look at the above pointers you can conclude that an entrepreneur either of a small business or a big enterprise has to face many challenges while struggling to get his business to the new heights. Just keep this mind, you are not the sole person who is struggling there are much more like you but you can seek the help of people who can take you out of the darkest days of your struggling to the brightest day of Success.