PROMOTERS PLAN AND DREAM TO GROW. BUT THE EXPECTED RATE OF GROWTH IS NOT ALWAYS ACHIEVED.
THERE MUST BE SOME WEAKNESSES OR LAG SOMEWHERE.
STATISTICS SAY THAT MORE THAN 95% OF THE LOSS MAKING COMPANIES FALL UNDER SMALL SCALE CATEGORY;
START-UPS DIE EVEN AT IDEA GENERATION STAGE OR PLANNING
2. • PROMOTERS PLAN ANDDREAMTO GROW. BUTTHEEXPECTEDRATEOF
GROWTHIS NOTALWAYS ACHIEVED. THEREMUSTBESOMEWEAKNESSES OR
LAG SOMEWHERE. STATISTICS SAY THATMORETHAN 95% OFTHELOSS MAKING
COMPANIES FALLUNDERSMALLSCALECATEGORY; START-UPS DIEEVEN ATIDEA
GENERATION STAGEORPLANNING STAGE
TOP 10 SPEED BREAKERS YOU SHOULD
AVOID TO GROW YOUR BUSINESS
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3. Let us discuss the speed
breakers:
• Speed breaker 1: Lack of will power
• Promoters start businesses either as one man decision maker or in partnership. Will
power to carry out the business must be strong. Even all partners should have full
and same spirit towards achieving the goal.
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4. There is the normal tendency of job hopping in the employees. Moreover, they are
reluctant to spend more time on work than allotted time. Also, they are happy of getting
off more holidays. Employees must develop an understanding of completing the
assigned project within specified time with the best quality.
Speed breaker 2: Lack of committed
work force
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5. It is least important that business plan is written on paper for reference. Normally,
promoters understand that attractive business plan will help in fund raising. But
promoters should have the business mind set to implement the plan.
Speed breaker 3: Lack of sound business
plan
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6. A team of employees may lack in the required skill set. Proper training and work
experience will help in developing a skill set. This lack does not affect the growth of
business much
Speed breaker 4: Lack of skill set
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7. Businesses require fund. There may be no access to the required amount of fund or late
availability. Moreover, the fund may be available at a very high cost, which normally
happens in risky ventures.
Speed breaker 5: Lack of
access to fund
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8. Today economy is very vibrant. Forecasting of expected change and taking required
action is necessary. In the absence of these, the company will lose market share to its
competitors.
Speed breaker 6: Lack of pro-
activeness
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9. In India, government regulations are tough and complicated. Although the basic reason is
to promote corporate governance; it hampers the businesses.
Corporate law and other structures should be simplified. Similarly, tax structure should
be business friendly.
Speed breaker 7: Government
Regulations
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10. Execution of projects requires good coordination and proper communication among
employees. Intra team and inter team coordination must be good. There should be extra
workforce as back up in the absence of any employee. The extra work force should also
be trained and well communicated.
Speed breaker 8: Lack of coordination
and communication among employees
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11. The good approach to executing work should be adopted. Decision makers and project
leaders or employees should not develop the procrastinating attitude.
Speed breaker 9: Procrastinating
attitude
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12. Right decision and right time both are equally important. There must be the perfect
match of right decision and the right time. A wrong decision at the right time or right
decision at the wrong time will affect the business growth.
Speed breaker 10: Lack of right
decision at right time
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13. • To conclude, speed breakers are obvious while riding. But name of the game
is to observe, find and remove these. The growth of the business has to come
and dream of promoters are not at distance.
CONCLUSION
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14. Venture-Care is the most reliable one-stop online solution company for all your
business needs. We generate ideas, spark actions and quantify time-bound results
by providing tailored, practical and affordable solutions for the growth of your
company. If your dream is to start as a small enterprise and reach the zenith, then
we can help in each and every step to reach the goal and chart a growth path for
you. We assure that Venture-Care is dedicated to turning good ideas into
measurable change.
For more detail visit on our website www.venture-care.com
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ABOUT US
15. Head Office (India)
Venture Care 436, D-wing, Raj tower,
Santosh Nagar, Near to Katraj Bus Depot, Katraj,
Pune, 411046 Maharashtra, (IN)
Phone: (020)-65 3636 33
Registered Office:- Flat # 05, Sayali Apartment, Laxminagar, Old Sangavi, Pune-
411027 Maharashtra (India)
Branch office (Netherlands)
Venture Care
JonkerFransstraat 46, 3031 AV Rotterdam, (NL)
Phone: +31 614 575 275
www.venture-care.com 020 65363633
CONTACT US