Small Business Blog

Posts Tagged ‘Growing’

In the year 2008, under the aegis of Aarseya Education Society, was conceived a dream – The Core Business School – for creating business leaders par excellence by developing and nurturing managerial talent. Out of the many MBA aspirants, a few worthy will become the next generation of visionaries.

The Institute is strategically located in Indore on the Indore-Ujjain road. The lush green campus spreads over 2 acres and has the best available infrastructure.

CBS offers residential post-Graduate Programs in Management conducted by dedicated team of faculty members drawn from academia as well as industry and known for their achievements, enabling CBS to achieve high levels of academic excellence and quality research.

Visualization :-To become a premier business school recognized globally for its excellence in creation of high thinking professionals and visionaries.

Operation:-

To create excellence in various perspectives, dimensions and domains through education. To foster a passion for learning and creative thinking among all Stakeholders. To prepare management professionals with a global mindset  

 Conveniences:-

Our state-of-the-art infrastructure includes fully equipped lecture halls, an excellent computer lab equipped with the latest IT tools, a rich library and an easily accessible E-library, where the best of journals and books are available.

The 24-hr Wi-Fi connectivity helps our students to stay in touch with the world via the Internet.

The campus boasts of excellent conference halls, tutorial halls, canteen and parking facility. Not only this, Core Business School is one of the few residential B-Schools in Central India having separate boys and girls hostels on the campus.

The Institute is strategically located in Indore on the Indore-Ujjain road. The sprawling lush green campus is well equipped with best in class infrastructure.

CORE BUSINESS SCHOOL OFFICE       

431-432 Orbit Mall A.B.Road

Phone :91-731-4218891

Fax :91-731-4218890

With the plethora of business management software solutions available today, how does a small- or medium-size business owner decide where to invest his or her resources? According to Michael Emaus, CEO of eEnterprise (www.eEnterprise.com), a division of NetSuite’s global reseller Skyytek Worldwide, there are basically three choices: custom applications, client-server applications, and on-demand Web-based applications. “The cost benefit analysis leaves no doubt that on-demand solutions provide the greatest integration and cost efficiency for growth-oriented enterprises,” he says.

“Customized software that is designed either in house or by developers for a specific business is extremely costly, in terms of development and hardware, and for maintenance,” says Emaus. He notes that, more importantly, such applications are not designed to adapt as the business grows, and so business owners are saddled with costly upgrades. “Small- and medium-sized businesses simply don’t have the resources to develop and maintain custom applications,” Emaus adds.

Client-server applications, which are typically licensed to a business, are also problematic. “Invariably, business owners are faced with the challenge of having several different applications that can’t ‘talk’ to one another,” says Emaus. Without seamless integration, owners have no way to, for example, cross-reference accounting and customer service data or company information and e-commerce. “This results in a hodge-podge solution that doesn’t give an enterprise the information it needs to grow,” he adds.

Growth is one of the two primary differentiators between Web-based on-demand business management software applications and its cousins. “On-demand solutions such as NetSuite represent a paradigm shift in the way business owners manage their customer, vendor, or partner base,” says Emaus. “NetSuite is not an application that ‘supports’ an existing business, but rather is one dedicated to ‘growing’ a business. Because it has four fully integrated components, it’s both highly scalable and highly customizable.”

The second major differentiator between NetSuite and other business management software options is that it is all functionality is available virtually instantaneously. “When we talk to business owners, we don’t have to spend their time or resources talking technology,” says Emaus. “NetSuite has taken care of that. Instead, we can talk about the individual company’s business goals, growth potential, and workflow.”

Lastly, the total cost of on-demand over a five-year period is substantially less than either customized or client-server applications. “Business Owners who think of on-demand as their most efficient, most productive, long-term employee” concludes Emaus, “have the most success. In the past, business owners have not been able to consider Information Technology as a profit center. NetSuite makes it possible, but you have to rethink everything.”

There is an incredible amount of hype about how to make money online. It can be very distracting and you can easily fall into the information overload trap and spend too much time and money learning how best to do business online. So how do you beat this trap especially if you are new to online business or web marketing? Woulden’t it be good if there was an easy, practical and systematic way to think about how best to do business online?

One simple and systematic way to build your online web business is to look at it as a set of processes. Large corporations have done this for many years in order to improve efficency and cut costs, but it can also work well for the small business owner or lone internet marketer.

The key to successful use of this approach is to look at your online business as a set of processes that need to be structured correctly in order for your business to grow and be profitable. In a sense you are architecting your web business. Once you identify your processes you gain two immeadiate benefits:

* first it gives you a way to think about your business, and

* second it acts as blueprint or checklist of what you need to focus in on to be profitable

So how many processes should you have in your business? The traditional consultants answer would be that it depends! However a six process model works well in practice. The processes in this model are:

* acqurie products

* website development

* website promotion

* website sales

* email customer relationship marketing

* order fullfillment

With this model you can be sure that there is nothing major that you have left out and you can then focus on the processes that add the most value to your business.

Another important aspect of this approach is measurement. As a business owner you need to know how your business is performing so you will want put in place ways to measure how each of your processes is performing. For example lets say that you use google analytics or statcounter to measure the number of visitors to your website. If you are not getting the amount of qualified traffic you need to make a profit then you need to focus in on the website promotion process. This may mean that you re-evaluate the keywords you are using or that you need to look at alternative ways to promote your business and so on.

I hope that this short article has given you a flavour of how a simple way of thinking about your business can help you to improve it in a practical and systematic way.

There are so many business management software solutions available today that a small- or medium-size business owner faces tough decisions about how to invest his or her resources. According to Michael Emaus, CEO of eEnterprise (www.eEnterprise.com), a division of NetSuite’s global reseller Skyytek Worldwide, there are basically three choices: custom applications, client-server applications, and on-demand Web-based applications. “The cost benefit analysis leaves no doubt that on-demand solutions provide the greatest integration and cost efficiency for growth-oriented enterprises,” he says.

“Customized software that is designed either in house or by developers for a specific business is extremely costly, in terms of development and hardware, and for maintenance,” says Emaus. He notes that, more importantly, such applications are not designed to adapt as the business grows, and so business owners are saddled with costly upgrades. “Small- and medium-sized businesses simply don’t have the resources to develop and maintain custom applications,” Emaus adds.

Client-server applications, which are typically licensed to a business, are also problematic. “Invariably, business owners are faced with the challenge of having several different applications that can’t ‘talk’ to one another,” says Emaus. Without seamless integration, owners have no way to, for example, cross-reference accounting and customer service data or company information and e-commerce. “This results in a hodge-podge solution that doesn’t give an enterprise the information it needs to grow,” he adds.

Growth is one of the two primary differentiators between Web-based on-demand business management software applications and its cousins. “On-demand solutions such as NetSuite represent a paradigm shift in the way business owners manage their customer, vendor, or partner base,” says Emaus. “NetSuite is not an application that ‘supports’ an existing business, but rather is one dedicated to ‘growing’ a business. Because it has four fully integrated components, it’s both highly scalable and highly customizable.”

The second major differentiator between NetSuite and other business management software options is that it is all functionality is available virtually instantaneously. “When we talk to business owners, we don’t have to spend their time or resources talking technology,” says Emaus. “NetSuite has taken care of that. Instead, we can talk about the individual company’s business goals, growth potential, and workflow.”

Lastly, the total cost of on-demand over a five-year period is substantially less than either customized or client-server applications. “Business Owners who think of on-demand as their most efficient, most productive, long-term employee” concludes Emaus, “have the most success. In the past, business owners have not been able to consider Information Technology as a profit center. NetSuite makes it possible, but you have to rethink everything.”

Is your small business successful? Whether it is or isn’t you and your business can certainly benefit from having a performance strategy. Now, before you roll your eyes and say that you don’t want to look at or hear about one more thing that could improve your business, I want you to think about this.

A performance strategy to promote small business growth and success is very often not about improving your systems or hiring the right consultant. A successful performance strategy to promote small business growth is about you. Think about this. You are the owner, founder or a principal player in a small business. If you don’t grow in your thinking and your disciplines then the business won’t grow.

The secret to small business growth has to do with the five inches between your ears. If you don’t think of it, it won’t happen. If you don’t grow your business won’t grow. As Napoleon Hill said in Think and Grow Rich, “What the mind can conceive and believe, it can achieve.”

One way, to create a successful performance strategy and for your mind to conceive and believe in what can be achieved, is to read books. There are many small business books that can start filling your mind with ideas and actions for growing small business. Is your small business running well? Read a book. Is growing small business challenging you? Read a book.

It may seem simplistic but one of the best ways to open your mind to the success you want and its possibilities, is to read. If you don’t like to read, get an audio book. The key is to keep your mind open and inquiring to “what can be.” Without an open mind, you are destined to struggle because you are focused on “what is.”

Become a possibility thinker. Your mind is a muscle. Without exercise your mind you will never reach your potential. Exercise your mind with reading on a regular basis and you will be pleased with the results for you, your business and your life. Also, be a positive thinker, not a positive wisher. A positive thinker takes the appropriate action and moves forward. A positive wisher, on the other hand, wishes for positive action but does not take it. Be a possibility thinker and a positive thinker. Now there’s a performance strategy for small business growth and growing small business successfully.