Components for setting management direction:Customer Need Proposition & its continuous changeTechnological upgradations in the field of operationSectoral changes that define group transitionEconomic fundamentals and demand drivers progressionProduct improvements and upgradationsfinancial performance to better profits & cashflowsWhat should
- Home
- performance
A very simplified approach because you were asking for a startup. I think the following should suffice. you should start with a brief financial forecast (preferably monthly) for the next 3 year as follows:SalesDirect Costs (Raw Material,
I notice most of the startups face the following problems during my advisory in incubation:Non-Clarity on the product & its needright pricing and costing estimationsnot estimating working capital requirementsmaking very optimistic assumptionsplunge with emotion than factual forecastnot
First and foremost to improve the efficiency of business process is to “measure” using a relevant metric. metric may change from one process to another and the objective of technology or process automation is to enable measurement with ease.-
Define why you want to transform: are you facing any challenges or survival or competition has the industry changed where you are irrelevant are you feeling nowhere and stuck in your direction are you feeling there is a lack of skill, teamwork within your workforce are