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May 22, 2013

Work responsibilities – Your Organization Chart

Tags: Organization Chart, smes, strategy
One of the major challenges of most of the SMEs has been the availability of a second line to support the implementation/execution of the owner’s plans. Firstly, it is difficult for them to attract right talent and than to retain the same. The main reason has been – most organizations organize work allocation around personalities rather than around functions. That is, around people rather than accountabilities or responsibilities. The result is almost always chaos.
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March 08, 2013

Learn to love budgeting

Tags: Chaitanya Shah, profit planning, budgeting, cash flow analysis
Have you ever thought how much homework is required if one is planning a holiday for 15 days for family? It is more so when planning the same for a group of 30 to 40 people. If that is so, why not plan for a business – when there is so much at stake? Okay, let us accept this – most business owners do not create budgets. This is suicidal, but true.
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February 07, 2013

Managing time for growth

Tags: Chaitanya Shah, time management, focus, commitment, strategic, decisions, tactical, results, delegate, prioritise
“I am busy in an important meeting. Could you please go with the children for the movie? If possible, I will join you later for dinner.” This was from me to my wife on a Saturday afternoon, and for the second time in a very short span of time. However, in my career as SME Financial Advisor and Growth Navigator, I have found this to be the situation with almost all SME owners, most of the time.
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December 11, 2012

Business vs. personal credit

Tags: Chaitanya Shah, MSME, finance, personal, business, entrepreneur, credit
As a business grows from a start-up to a micro enterprise, managing the struggling on all fronts is an achievable task, including the arrangement of finance, which is mostly obtained from personal sources. However, as one experiences or anticipates big growth, it impacts all aspects of business. Growing big means bigger challenges and changes. It is also likely that the entrepreneur will need to raise a substantial amount of money, depending on the type of business he/she is in.
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more from Ask the Expert

Small firms do not plan to fail, but fail to plan
Chaitanya Shah | December 27, 2012
Tags:
planning, strategic plan, tactical plan, business plans
One of the cornerstones of the success of any business is meticulous planning and execution. Most businesses fail not because they plan to fail; but because they fail to plan. The fact is that most small businesses fail to grow because they lack a strategic plan to realize their vision.
Business vs. personal credit
Chaitanya Shah | December 11, 2012
Tags:
Chaitanya Shah, MSME, finance, personal, business, entrepreneur, credit
As a business grows from a start-up to a micro enterprise, managing the struggling on all fronts is an achievable task, including the arrangement of finance, which is mostly obtained from personal sources. However, as one experiences or anticipates big growth, it impacts all aspects of business. Growing big means bigger challenges and changes. It is also likely that the entrepreneur will need to raise a substantial amount of money, depending on the type of business he/she is in.
Entrepreneurs must be ready to don many hats
Chaitanya Shah | November 23, 2012
Tags:
Chaitanya Shah, SME, multi-tasking, business, management, growth
Most small business owners – start-ups and micro units – typically work alone or with small teams of five people or less. Even when a business has many employees, the owner may have to still fill in different roles. Entrepreneurs must have a bird’s eye view of the business and must be prepared to multi-task.
Seven pointers that help maximise the value of your business
Chaitanya Shah | November 14, 2012
Tags:
SME, finance, profitablity, revenues, Chaitanya Shah, ask the expert
An entrepreneur typically starts with what he / she is good at and a business gets built around a hobby for instance. However, as business grows, one has to also look after the business as production manager, sales manager, financial manager, procurement in-charge among several other things. The expert tells you how you can maximize the value of your business.
The biggest financial mistake that entrepreneurs must avoid
Chaitanya Shah | October 25, 2012
Tags:
Accounts, business, personal accounts, personal finances, funds, SME, Chaitanya Shah
As an entrepreneur, if there is one thing you do not want to risk – is your long term personal financial security. The unfortunate reality is that most MSME owners often make critical financial mistakes when financing start-ups; day-to-day operations and / or the growth of their businesses.
Financial accounting and management - an evolutionary process
| October 08, 2012
Any enterprise has to go through various stages of business growth, from being a startup to the ultimate climax of a large scale enterprise – which is the dream of every entrepreneur. Financial Accounting & Management (FA&M) of businesses; and also managing the personal finances of the entrepreneur are among the major challenges staring SMEs in the face. Chaitanya Shah walks you through FA&M evolution for your business, as it grows.
Hiring for growth
| March 21, 2012
Tags:
growth, human resources, hiring, team management, employee value, HR strategy
In an exclusive interview series with SupportBiz, Krishna Kumar, Leadership Coach and Founder-Director of the Intrad School of Executive Coaching talks about the challenges small business owners typically face with regard to managing growth in their businesses. In this article, he focuses on recruiting and managing teams.
Managing cash flows for growth
| March 19, 2012
Tags:
Cash flows, Liquidity, equity, Growth Strategy, Financial Strategy, Debt Financing
In an exclusive interview series with SupportBiz, Krishna Kumar, Leadership Coach and Founder-Director of the Intrad School of Executive Coaching talks about the challenges small business owners typically face with regard to managing growth in their businesses. In this first piece, he talks about the importance and challenges of managing cash flow.
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