How to Improve your Business?

When you see a business not doing well you have got to find the ways and means of improving it. That is lot of catching up to do. You have to see how the problem arose in the first place; thereafter you have to take the stock of the situation you are in and plan out a solution. Admittedly, many of you have no patience to study and analyse what must be done to take you out of the fire. Furthermore, many of you may not be aware what action is right and what is wrong in the given circumstance. Right actions on your part elicit positive response and lead you to a workable solution; incorrect actions on your part bring in negative response and lead you to disaster. Here are few steps that you must follow in improving your business:

Six Easy Steps

1. Find out what is the Problem that impedes your progress in life
2. Understand the Nature of the Problem
3. Checklist the Causes that led to this Problem
4. Find out a Solution yourself, if this Problem is just a minor issue that can be corrected by you alone
5. Chart out a Solution after consulting your colleagues and staff, if and when the issue is mildly complex
6. Where the problem or issue is fairly complex you call in a Business Adviser to guide you in solving your problem and in improving your business

What you should look for in a Business Adviser?

1. He must be neutral, independent and confidential person well versed in business management.
2. His advice is designed exclusively for you after considering your problem, your issue and your question against your own background rather than churning out generalized hum-drum advice 
3. Any solution must be as distinct as the case may be in relation to your business, your industry or segment, your area or region etc.
4. The business adviser must assist you in making your business better, meaningful, rewarding and satisfying
5. Moreover, he should be able to analyse, understand and evaluate your business along with your personal cosmics
6. Finally, he must give you proper direction and guidance to facilitate taking risk and making decisions.

Muthu Ashraff

Business Adviser

Mobile : +94 777 265677

E-mail : cosmicgems@gmail.com

Web : http://www.cosmicgemslanka.com

Blog : http://cosmicgemslanka.com/blog/

Make your Business Idea a Success

Your business ideas are sparks of your studied imagination. You get a bright idea in your mind based on your experience and learning and from what you read and reflect upon about how others have gone through. You think your idea is really great. Having mulled it over, you feel that it can be translated into commercial success. But how you do that? It is simple follow the seven stages given here:

1. Write down your business idea in clear and concise English. Improve the draft once again. Check it up to see whether it makes sense to you and to an ordinary reader. Now your spark of imagination is transformed into a concrete idea

2. The second step is to morph your idea into a business concept. A business concept is defined as the result of organized thought of your business idea. It has several limbs structured into a useful form. Let me give an example: you draw few dots vertically or horizontally on a paper. When you link each dots you get a vertical or a horizontal line. In this case, dots are ideas; line is your concept. Typically a business concept has limbs such as profit motive, product as unique value proposition, how the product fits the market needs, how it performs against competition, the cost of product, its revenue generation and finally how it services your overhead and gives you profits. If you have a business concept developed then you will be able to take charge and influence the outcome of your efforts in a business because a well-designed business concept gives you direction, motivation and tenacity.

3. You must test your business concept to ensure whether it is feasible or not. Feasibility must be ascertained as against regulatory environment, economics, environmental issues, marketing parameters, financial viability, technological excellence and social acceptability

4. Once the feasibility is positive then you have to prepare a detailed proposal in the form of a business plan, bringing out details of all the functions of a business organization including corporate management, administration, marketing, production, finance and human resource into a cohesive entity to produce and sell your unique product

5. Guidelines are to be prepared in the next stage where policies and procedures for each department are developed in order to make the business as a going concern. Generally, a budget is drawn for each department and rolled over every year. Segmental plans in product development, market development and human resource development would be detailed. Your investment plan in physical assets and human resources is also dovetailed. Moreover the time and duration of each stage of the business development are also noted

6. Implementing your business plan is the next action step. When you do this invariably you will concentrate on business growth and development along with having safeguards to cover yourself from any eventuality

7. Monitoring progress and adjusting your budget, target, goals along with amending your plan is the seventh and final stage in making your business idea a successful one. As you reach this point you have become mature, experienced and skilled business person. You are ready to take your business to higher levels as you go on.

Muthu Ashraff

Business Adviser

Mobile : +94 777 265677

E-mail : cosmicgems@gmail.com

Web : http://www.cosmicgemslanka.com

Blog : http://cosmicgemslanka.com/blog/

Doing Business in Sri Lanka, profitable and enjoyable

Sri Lanka is a vibrant country located in South Asia, a region that is home to about 1,590 million people living in most populous and most densely populated part of the entire world. In terms of population Sri Lanka ranks about fifth but in terms of doing business it is ranked second in South Asia. As a gateway to South Asia, Sri Lanka offers unique business opportunities to businessmen and investors.

There are seven countries in South Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. The population in Sri Lanka is about 20 million earning an average per capita income of U S $ 2,290/-. Classified as Lower-Middle Income earner, Sri Lanka ranks as the second most business friendly country after Maldives, in the recent annual survey by the World Bank. Titled “Doing business 2012 Sri Lanka” the annual publication compares data out of all seven countries in the region. The score by Sri Lanka at 89 points bode well when compared with the average Regional score of 117. Besides doing business as a whole has improved from the previous figure of 98 recorded in 2011. The survey deals with the following matters in depth: starting business, construction and property, utility such as electricity, obtaining finance, investment protection, taxation, international trading, commercial contracts etc.

Starting and running a business in this country is not only rewarding to businessmen and investors but most enjoyable to them and to their families. There is an attractive resident scheme for investors to start business and live in the country during the pendency of the business. If by any chance the investors wish to dispose the business, they can continue to reside in the country, unlike in the case of Singapore.

As a gateway to South Asia, Sri Lanka and its main ports in Colombo, Hambanthota and Trincomalee offer the state of the art technology in port management. Air freighting is facilitated via Katunayake and other regional airports. Colombo the capital city is a commercial hub for imports and exports to the entire South Asian region. Businesses can be located either in Free Trade Zones or elsewhere without much difficulty.

Heavy and light industry, construction, education, leisure, pharmaceuticals, plantation, agriculture and farming, entertainment, media, healthcare, fashions are key sectors showing great promise along with financial services including commercial banking, credit, stockbroking, asset management, investment and private banking.

Business Opportunity

Inquiries are welcome from prospective businessmen, buyers, developers and investors who wish to start a new business or buy an existing one. Get a piece of action in Colombo Business Centre that has morphed into a star performer in the region. You can recoup your investment in business within a short horizon depending on the market movements. More than that, you will enjoy doing business here, really.

Muthu Ashraff

Business Adviser

Mobile : +94 777 265677

E-mail : cosmicgems@gmail.com

Web : http://www.cosmicgemslanka.com

Blog : http://cosmicgemslanka.com/blog/