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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...
Mystery Shopping – An Highly Ignored Audit Tool !!!

Mystery Shopping – An Highly Ignored Audit Tool !!!

What Is Mystery Shopping? People are most honest when they know they are not being observed or tested. Mystery shopping is a method of experiencing customers’ experience from customers’ perspective. In mystery shopping, this experience is staged but without the...
Why is Retail Sector Unorganised in India ???

Why is Retail Sector Unorganised in India ???

Today, the retail industry in India is estimated to be over INR 40 Lakh Crores and accounts to 10% of India’s GDP. According to rough estimates, the unorganised retail sector constitutes over 90% of the country’s retail industry.   The unorganised...
Change Management in Family Business

Change Management in Family Business

Talking about change in family-run retail businesses which are running for generations opens up a can of possibilities from the perspective of change management.   Change management in family-run retail businesses may include imparting training and development to...