How SOPs will help in Franchise Business Expansion?

How SOPs will help in Franchise Business Expansion?

Lack of capital, manpower resource constraints, the time required to open another store, the involvement of business risks etc often redirects businesses to opt for the franchise option for growth and expansion. Franchise model has proved to be a successful and...
5 Things to do After GST Implementation

5 Things to do After GST Implementation

From 1st July 2017, India has stepped into the much-awaited GST regime (country’s single largest tax reform since independence). GST will integrate country’s economy which is roughly worth $2 trillion and a vast customer base of 1.3 billion into one common market. GST...
Strategies to Learn from Big Business Failures

Strategies to Learn from Big Business Failures

In life or business, the best lessons are learned not just from the success stories but also from the saga of failures and struggles. This is the reason why so much emphasis is laid down on analysis of case studies in business schools. In this article, three prominent...
Effective Ways to Financially Prepare for Expansion

Effective Ways to Financially Prepare for Expansion

Financial preparation is a critical part of any business expansion project. Talking about financial preparation, three aspects that come to the forefront are the financial liability that will arise from a new project, financial ability to execute the project and...
Five Ways to Attract Investors for Your Business

Five Ways to Attract Investors for Your Business

In order to start a business or to expand and embrace growth, every entrepreneur or a business enterprise at some point of time in its life cycle has to look out for investments from the outside. Self-funding is better but it’s a slightly rare phenomenon.   Small and...
Process Audit – Scorecard For Your Organization’s Health

Process Audit – Scorecard For Your Organization’s Health

According to International Organization for Standardization (ISO), a process is a set of interrelated or interacting activities that use inputs to deliver an intended result. These inputs and outputs may be tangible (materials, components or equipment etc) or...

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