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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.

 

 

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FAIITA AND PCAIT’S, CHANNEL VISTAS – 2018 EVENT WAS GREATLY INSTRUMENTAL IN PROMOTING I.T. BUSINESS SYNERGY AND GROWTH

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The Progressive Channels Association of Information Technology aka PCAIT with the support of Federation of All India Associations of Information Technology, (FAIITA) organised a prestigious event titled as CHANNEL VISTAS – 2018 at Hotel Crown Plaza, Okhla, New Delhi on 5th of May, attended by IT business champions, OEMs’ doing sizeable businesses, traders, system integrators and vendors from all over the country including Delhi.

In all about 150 important members of FAIITA and PCAIT participated in this national business conclave convened with the sole aim of IT business networking amongst the state champions, sizeable IT business partners, system integrators and vendors in order to give impetus to business growth and enhance the quality and quantity of IT business all over the country.

The first session of the conclave was devoted to FAIITA which was inaugurated by the welcome speech of its president Mr. Champak Lal Gurjar from Mumbai where as the second session dedicated to PCAIT was inaugurated by the lightening of the lamp and the welcome speech of the PCAIT president Alok Gupta followed by the speech of its general secretary Saket Kapoor.

The morning session was most ably and eloquently compered by Mr. Saket Kapoor who worked as an integrator between the FAIITA and PCAIT members participating actively in the business matchmaking giving and seeking support for the IT products in order to enhance the business volumes and earn handsome profits through mutual support and exchange of services n products in the near future.

The post lunch session with discussion on the subject titled as ” ENHANCEMENT OF BUSINESS PROSPECTS AMONGST THE MEMBERS, ” started at 2.30 PM.

This live session effectively moderated jointly by Saket Kapoor and Vivek Sharma with the active participation of the FAIITA as well as the PCAIT members from Delhi, Haryana, UP, Noida, Chandigarh, Punjab, Siliguri, North East, Tamilnadu, Hydrabad, Bihar, Jallundhar, Bengal and Pondicherry was extremely fruitful and succeful as the participating members were able to positively interact and establish business tie ups including exchanging cards for the generation of IT business amongst themselves.

All the members interestingly participated in discussions and aired their views emphatically to promote their business prospects through mutual trust and linkages in the near future.

The FAIITA president Champak Lal Gurjar, PCAIT president Alok Gupta and general secretary Saket Kapoor emphasised the need for organising such Conclaves and get togethers in various states of the country in every three months so as to ensure time bound revival of their activities and business initiatives thus achieving the aim of enhacing their IT business prospects to 25% more from the current level and also to reslove their problems if any.

The speakers at the event expressed the dire need to broadbase the organisation FAIITA, natiinally, in order to make it more effective, strong and answerable by way of generating funds through various means like : organising exhibitions in collaboration with TAITRA, involving FAIITA in arbitration and dispute settlements of the IT business partners whose large sums of money get stuck due to non payments in the government departments or with other private forums, certification of all the members of various state IT organisations in FAIITA against a consolidated one time fee and publishing of sovenier to generate funds at the national level and highlighting of the activities and achievements of FAIITA and various state IT bodies as well.

A press conference was also addressed jointly by PCAIT president ALOK GUPTA, FAIITA PRESIDENT CHAMPAKLAL GURJAR and GENERAL SECRETARY SAKET KAPOOR who ably responded to the various queries of the IT media pertaining to the problems in the IT sector, challenges being confronted by them and the achievements of FAIITA and PCAIT since their coming into existence.

About 7 tables of various IT traders and companies like Protegent, Atlanta, Armstrack, Chota Internet, Green tech, Parts Baba, Modi infosil, Its Solutions and four stalls prestigious IT products like Lenovo, HP, Dell, Acer, Dlink etc were also put installed on this ocassion to showcase their products.

About 15 minutes each were allocated to Lenovo, HP, Dell, D link, and Acer as speaking slots and to give presentation of their company and its products to the audience.

Other than Champak Lal Gurjar, Alok Gupta and Saket Kapoor, those who spoke on the ocassion were PCAIT’s Vice President Sandeep Arya, treasurer PK Sharma, EC member Sewak Nautiyal and representatives and business champions from Bihar, Punjab, Tamilnadu, Pondicherry, Jallundhar , Chandigarh and Delhi. The vote of thanks were conveyed by Mr. PK Sharma, MD Comnet Vision, India. The event organised by PCAIT was a grand success, indeed.

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PCAIT’S NATIONAL BUSINESS CONCLAVE on 5 MAY, 2018

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The information technology sector is extremely significant from the point of view of the economic and industrial development of the country, generating good number of jobs n inviting foreign investment as well and thus contributing remarkably to the nation’s over all progress and prosperity. In a nutshell, the IT industry definitely plays a very significant and vital role in strengthening the country’s economy and leading to immense technological progress of the nation within and outside.

As a sequel to fulfil these important objectives, further to demonetisation, GST and the finance budget 2018 of Government of India including (with) an objective to grow the businesses of its members through best channel practices, the PROGRESSIVE CHANNELS ASSOCIATION INFORMATION TECHNOLOGY aka PCAIT with the support of the Federation of All India All India Information Technology Associations( FAIITA) is organising a prestigious event, A NATIONAL BUSINESS CONCLAVE ,” CHANNEL VISTAS,” at Hotel Crown Plaza on 5th May to be attented by 250 credible IT business owners, honchos and leaders from across the country, ranging from retailers to system integraters to regional distributors. Primarily, its the FAIITA EVENT hosted by PCAIT.

It’s an event of IT business owners and leaders to match make and synerzise at national level for outstansing business growth.

It may be recalled that the Progressive Channels Association of Information Technology (PCAIT) is an association of credible IT channel partners conducting a little over 80% of IT business in the Indian capital of Delhi.

PCAIT is to IT channel business as NASSCOM is a software business and is a founder member of Federation of All India Information Technology Associations aka FAIITA, representing business interests of over 30,000 pan India channel partners.

Feeling a dire need to cystallize the immense human and material resources of the IT industry, particularly a channel of national and global benefit , a group of 15 enthusiastic persons heading various organisations came forth in May 2004 to give birth to PCAIT which got registered in March 2005 as a society.

The Association comprises of a vast pool capable persons possesing outstanding managerial, technical and entrepreneur skills who are also highly qualified, ambitious and successful in each of his or her domain.

The president of PCAIT is Mr. Alok Gupta, MD, Unistal Systems and general Secretary is Mr. Saket Kapoor. The excecutive council of this IT body consists of 16 persons, all from the Information Technology sector.

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Rs1 lakh crore of public exchequer at God’s will. Will be recovered or not, is anybody’s guess?

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The revelation of about hundreds of private companies and corporates being the willful defaulters having put to loss a staggering amount of one lakh crore or even more during the last few decades not returning the same intentionally though many of them could have done so, unambiguously speaks of the fact that these heavy defaulters are in league with the powerful people in the system and had conveniently managed to siphon off such a huge amount of the public exchequer without any fear or terror of law.

Just imagine, on the one hand thousands of farmers had committed suicides in our country and are still doing so for not being able to repay just a few lakhs or thousands of rupees due to genuine drought or short rain cycle that results in the subsequent production losses and on the other hand the rich, affluent and the privileged corporate houses and industrialists willfully hang on the lakhs of crores of government money thus not only making mockery of our system but leading the country towards economic backwardness.

But the question is, who is to be actually blamed for this huge lapse, the government agencies, the banks or the corporates/ industrialists. The answer is simple, all the three of them. There have been hundreds of instances that the goons and bouncers of banks and financiers find it too easy to harrass, victimise and even thrash the farmers, youths, students and even woman and forcibly take back/ consficate their financed vehicles, tracters etc for the failure to pay even few inslalments due to some genuine constraints but in the case of these powerful and highly rich the system falls on their feet, obnoxiously, at the expense of the nation’s interest.

It really sounds shocking and higly deplorable that Vijay Mallaya, Nirav and Lalit Modi flee the country after duping banks of several thousand crores and so are many others and now a new shocking revelation comes that hundreds of such sharks have willfully defaulted the government of more than one lakh crores of rupees, the massive amount that could have resolved the financial crisis of 80% of our farmers and resurrected the health related conditions of our country’s 90% of the population having covered them under insurance umbrella of social and health security.

Why is it that we’ve been tolerating these economic offenders for so long knowing very well that its a hard earned tax payers money of public exchequer. Why is it that the economic offences wing, the CBDT, the ED, the IT department and departments like revenue intelligence didn’t take any action. And why is it that now the skeletons are being explored, diclosed and made to fall down from the cupboards, daily?

The point is clear. The national election are nearing and the people of the country need an answer made during the pre polls, four years ago. Hope the government of the day succeeds in retrieving this one lakh crore at the earliest and uses it justifiably for the welfare of the farmers and the underprivileged sections of the society. If not now it will really, never be in the future? What’s your take friends?
SUNIL NEGI

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