Business Plans

Posts Tagged ‘Margins’

Media reports suggest that Monnet Ispats power business Monnet Power is looking to sell 12% stake to Blackstone for Rs 265 crore. In an interview with CNBC-TV18, Ajay Bhat, CFO of Monnet Ispat and Energy, spoke about the prospective deal and the company’s business plans going Read more

1. PLAN AHEAD
The mistake most business owners make when writing a business plan is to rush the development of the document. Procrastination is the number one killer of a well developed business plan. You will not be able to develop a well thought-out document if you wait until the day before your meeting with the potential investors. Develop a plan before you need it and keep it up-to-date with regular reviews.

2. DO YOUR RESEARCH
Market research, business intelligence and SWOT analyses need to be performed if you want to be successful with your business plan. Be prepared to answer questions on how big your market is, who your target market is, what consumers are looking for when they are dealing with you, how much consumers are willing to pay for your product or service, and who else is offering similar products or services. You will not be able to answer these kinds of questions without properly researching your market through the Internet, industry organizations or phone calls. Read the rest of this entry »

The world of business is moving forwards at a fast pace. Globalization, huge marketing exposure and low distribution costs over the recent years have had a huge impact on small businesses. I have been told that opportunities for the adventurous and ambitious were in abundance only ten years ago but the ‘markets have changed’ and margins are tighter making new ventures all the more risky.

Globalization, smarter IT systems and the intelligent analysis of information and the money to put this infrastructure in place gives the bigger player a distinct advantage with bespoke and selective marketing targeted to an ever demanding audience. Read the rest of this entry »