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Financial ratios are essential tools for assessing the performance and financial health of a business. For an ecommerce business, several key financial ratios can provide valuable insights. Here a. Financial ratios are essential tools for assessing the performance and financial health of a business. For an ecommerce business, several key financial ratios can provide valuable insights. Here a. Carousel Jan. Sustainability in Retail A Win Win Approach.

Conquer Your Cash Practical Money Management Tips in a Swipe! Optimising Your Inventory With The Right Balance Between JIT And JIC - Consulting & Beyond. “Did you not maintain the right proportion of stocks in your inventory?” If you haven’t then it’s likely that your customer will make the effort to tell you one thing – that it’s not their concern. Or, they’ll be kind enough to walk away, without a word, to the next company with an efficient supply chain process. Take it from your reliable Management Consultant in Chennai, any of the two is likely to happen, which is why maintaining an inventory management system will streamline business for you. Here’s what every organisation with a supply chain process needs to understand about inventory – some items need JIT or Just-In-Time inventory management whereas some need JIC or Just-In-Case Stocks inventory management.

In this blog, we will explore the significance of the two, and how to use both to balance your inventory efficiently. The Significance Of JIT And JIC Most of your customers shop online to accelerate the purchasing process. When Is JIT Needed? When Is JIC Needed? Related Posts: Means To An End: Managing Supply Chain Sustainability Amid Profit-Driven Industries - Consulting & Beyond. “Always recognize that human individuals are ends, and do not use them as means to your end.” ~Immanuel Kant Management Consultants in Chennai are needed more than ever as businesses are increasingly recognizing the need to practice ethical supply chain operations. Identifying incorrect practices that companies inadvertently follow and how to practice moral supply chain values in a revenue-driven organisation requires the guiding hand of a Management Consultant.

Let’s simplify this concept with the help of Leopold II. Bear with us as we go back to a certain era for a brief moment. We’re sure, many more leaders who exploited their people and resources come to mind. This post will properly map out the sustainability methods businesses should adopt in their supply chain processes. Managing Supply Chain Responsibilities Do businesses incorporate ethical means to an end? So, where do we stand today in terms of adopting ethical supply chain practices? Effects On The Environment Related Posts:

5 Supply Chain Master Tips To Bridge The Gap Between Online Retail And High ROI. E-Commerce and Supply Chain Management are synchronous with each other in order to run an online retail business. E-commerce refers to selling products online, products that are of interest to the user, which means, your target user wants to buy your product to solve their pain point. Therefore, you sell your products online so they can reach millions of customers who are ready to buy them. The process is as simple as it is complex in terms of operations. As a retailer, you will need a robust supply chain infrastructure to ensure that your customer-buying cycle does not break in any way. In this blog, we’ll list out five challenges online retailers face through the supply chain funnel, and explore the Master Tips to overcome them. 5 Master Tips To Make Sure Your Supply Chain Does Not Reach A Breaking Point India is known for its large number of internet users, which amounts to 50 Crore.

So, let’s look at how to make sure that this figure rises in the years ahead. 1. 2. 3. 4. Related Posts: Identifying & Destroying The Supply Chain Risks. Almost all businesses rely on supply chains to an extent, including manufacturing, retail, and healthcare, among other industries. The management of a supply involves handling the flow of goods and transforming raw materials into products and services used by an organization. Making sure that this supply chain management link doesn’t get disrupted is what Supply Chain Risk Management (SCRM) is all about. In this blog, we’ll explore the types of supply chains, the potential disruptions, and practical solutions to mitigate Supply Chain Risks. The Impact Of Supply Chain And The Years To Come Managing a supply chain process in any organization is like passing through a complex maze.

These vulnerabilities refer to a recessionary environment, existing or new geopolitical conflicts, inflationary pressures, climate change, weather events, and other emerging issues. Eighty-five percent of the reasons for failure are deficiencies in the systems and process rather than the employee. Related Posts: Corporatizing the key strengths of a family business. Corporatizing the key strengths of a family business involves leveraging and institutionalizing those strengths to create a competitive advantage and ensure long-term success.

Here are steps that family businesses can take to corporatize their key strengths: Identify and Define Key Strengths: Begin by identifying the core strengths that set the family business apart from competitors. These strengths could be deep industry knowledge, strong customer relationships, a unique product or service offering, a strong brand reputation, or a culture of innovation. Institutionalize Key Processes and Practices: Once the key strengths have been identified, focus on institutionalizing the processes and practices that support and enhance those strengths. Develop a Talent Strategy: To corporatize key strengths, it is essential to have the right talent in place. Build Strategic Partnerships: Leverage Technology and Innovation: Technology and innovation can play a crucial role in corporatizing key strengths. How do Family businesses find balance between relationship and professionalism.

Finding the right balance between maintaining strong family relationships and fostering a professional environment is crucial for the success of family businesses. Here are some strategies that family businesses can employ to achieve this balance: Clearly Define Roles and Boundaries: Establishing clear roles and responsibilities for family members and non-family employees helps delineate professional expectations.

Clearly defining job descriptions, reporting structures, and decision-making processes reduces ambiguity and promotes professionalism. Implement Transparent Governance Structures: Family businesses should establish transparent governance structures that outline the rules and processes for decision-making, conflict resolution, and succession planning. Separate Family and Business Time: Setting boundaries between family and business time is essential. Develop Effective Communication Channels: Open and effective communication is vital for balancing relationships and professionalism.

Family Managed Businesses in India. There are several examples of family businesses in India that have successfully professionalized their operations. These businesses serve as inspiring models for other family enterprises looking to enhance their efficiency and long-term success. Here are a few notable examples: Tata Group: The Tata Group is one of India’s oldest and largest conglomerates, with a history dating back over 150 years. The Tata family has played a pivotal role in shaping the group’s success, but they have also embraced professional management practices.

The group has established a robust corporate governance structure, with independent directors on its boards and a clear separation between ownership and management. They have implemented best practices in corporate finance, strategic planning, and talent management. Mahindra Group: The Mahindra Group is another prominent Indian conglomerate that has successfully professionalized its operations.

Godrej Group: Aditya Birla Group: Related Blogs: Professionalizing Family Businesses: Steps to Enhance Efficiency and Success. Family businesses are often known for their unique blend of family dynamics and entrepreneurial spirit. While these qualities can be advantageous, they can also present challenges when it comes to professionalizing the operations of the business. Professionalizing a family business involves implementing systems, processes, and practices commonly found in non-family enterprises to enhance efficiency, productivity, and long-term success.

In this article, we will explore steps that family businesses can take to professionalize their operations and thrive in a competitive business environment. Establish Clear Roles and Responsibilities: In many family businesses, roles and responsibilities may overlap or be ill-defined. Implement Transparent Governance and Decision-Making Processes: Family businesses often face challenges when it comes to decision-making, as personal relationships and emotions can influence the process. Embrace Professional Management Practices: Invest in Employee Development: The Role of Family Business Management Consultants: Navigating the Unique Dynamics of Family Enterprises. Navigating the Unique Dynamics of Family Enterprises Family businesses are the backbone of many economies, contributing significantly to job creation and economic growth. However, managing a family business comes with its own set of challenges and complexities. That’s where family business consulting firms come in.

These specialized professionals play a crucial role in helping family businesses navigate the unique dynamics they face. In this article, we will explore the role of family business Management Consultants in Chennai and how they specialize in addressing the specific needs of family enterprises. Understanding Family Dynamics: Family businesses are not just about profits and growth; they are also about relationships, emotions, and the interplay between family members. Succession Planning and Governance: Succession planning is a critical aspect of any family business. Professionalizing the Business: Conflict Resolution and Mediation: Building a Legacy: Related Posts: How to Become an Industrialist: Journey of Entrepreneurship. The journey from being a businessperson to becoming an industrialist in a family business involves significant growth, expansion, and transformation. It represents the transition from operating as an individual or small-scale enterprise to becoming a prominent player in the industry.

Here’s a typical progression of this journey: Founding and Early Growth: The journey often starts with the founding of a small family business by an entrepreneur or a group of family members. The focus at this stage is on establishing a viable business model, identifying market opportunities, and building a customer base. The founder(s) typically handle various aspects of the business, from operations to sales and finance. Strategic Expansion: As the family business gains traction and experiences initial success, the focus shifts towards strategic expansion.

Professionalization: As the family business continues to grow, it reaches a stage where professionalization becomes necessary. Scale and Industrialization: Family Business Consulting Firms | Consulting And Beyond. Growing the Family Corporate Tree At Consulting and Beyond (C&B), we understand that family businesses are unique entities. They require specialized attention and expertise to sustain growth. With a rich history of empowering family businesses, we pride ourselves on connecting tradition with innovation. We provide a seamless transformation from one generation to the next. We’re not just here to make sure the business succeeds, we’re here to make sure your family business keeps succeeding. Our Services 1. At C&B, we specialize in setting operational processes that integrate with your family business values. 2. When you partner with us, our experts will work closely with you to design and apply a corporate structure that meets your values and goals. 3.

We introduce automation at the operational level and optimize your ERP environment for top-notch accuracy. 4. Business transition and succession are crucial for any family business. 5. 6. Related blogs: Debt Financing vs Equity Financing: How Capital needs to be structured? Are you curious about how a company will structure its capital? If so, you’re in the right place! Capital structure is one of the most critical aspects of organizational management that often gets overlooked. In this blog post, we’ll be exploring why capital structure matters and how it can make or break a business. So, buckle up and get ready to dive into the world of finance! Introduction: Definition of capital structure A company’s capital structure is the mix of debt and equity that it uses to finance its operations. A business’s choice of capital structure has a significant impact on its overall financial health and operational success. Debt financing, which includes loans and bonds, is typically cheaper than equity financing, but it also comes with commitments.

Debt Financing vs Equity Financing: Optimal Capital Structure An optimal capital structure is a mix of debt and equity financing that maximizes a company’s value while minimizing its cost of capital. Equity Financing Conclusion. How To Find The Right Financial Strategy For Your Business. There are several sources to raise funds. Equity Financing: Companies can raise funds by selling shares of their ownership, known as equity, to investors. This can be done through various methods: Initial Public Offering (IPO): A company can go public by offering its shares on a stock exchange for the first time, allowing the general public to invest in the company. Private Placement: Companies can sell shares directly to institutional investors, private equity firms, or accredited investors without going through a public offering.

Venture Capital: Startups and high-growth companies can raise funds from venture capitalists in exchange for equity. Debt Financing: Companies can raise funds by borrowing money and agreeing to repay it with interest over time. Bank Loans: Companies can secure loans from commercial banks, typically by pledging collateral or providing a personal guarantee. Bonds: Companies can issue bonds, which are debt securities that investors can buy. Internal Sources: a. B. C. HOW TO WRITE A BUSINESS PLAN FOR A BANK LOAN. Home Business plan How To Write… 07Jul One of the key requirements of any business loan proposal is a well-developed ‘BUSINESS PLAN’. “BP” not only demonstrates that the business has clear roadmap but it also ensures that the lender gets convinced and provides business the required funds. By which the projected plan of the business can be executed and achieved. A good business plan is the best way to convey ‘Why bank should lend you money and support your business' A well classified “Business Plan” will help the company in identifying the potential need of fund in well-advance time period, so that the company will have enough time in working towards raising the required funds with well wider options to reach out and decide whether to raise Debt-Funding or Equity-Funding.

Here Are Some Ways Of How To Write A Business Plan For A Bank Loan. Company Overview Product they offer Management team Vision and Mission statement Legal structure and ownership 1Geographical presence. ·Pricing Process 1. 2. 3. 4. Best corporate finance consulting & Advisory firms - Business Valuation Consultants |. Consulting And Beyond. Empower your Company’s Financial Stance Our corporate finance advisory team acts as a Virtual CFO of our clients while hand-holding them on their journey toward continuous growth and profitability.

As a seasoned corporate finance consulting firm, we understand client needs for growth plans and accordingly advise the type of funds raised and handhold in the journey of fundraising. Our engagement levels are synchronized with the client’s immediate objectives while keeping a parallel link to medium-term plans. Our expertise enables us to: To increase overall top-line growth and profitability.To ascertain the precise cost of products and help in achieving economies of scale.To optimize cash to cash cycle.To prepare an effective Investors Pitch Deck and assist in fundraising.To effectively manage the fundraising process and connect investors and investees.Be prepared for the due diligence. Our Business Finance Consulting Services Our Prominent Milestones.

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