When I said problems and its symptoms etc one such problem is lack of clear understanding of the business entity & working model!
That is why we have developed a working model for small businesses.
Most often when an engineer quits his job to start a business for himself, all he knows is product development or engineering work only and so comes the challenge.
Similarly when a sales guy starts his own all he knows is sales and that is it!
An entrepreneur is a generalist first and then only he becomes a specialist!
An entrepreneur has to know how a business systems work! There are different ways to understand a business and we have created a simple method to understand business systems,
We have classified the different blocks of a small and medium business and they will be as follows:
- Market Intelligence
- Competitive Intelligence
- Product development
- Sales and Delivery
- Cash flow Management
- HR Management
Yes, off course I have tried to cover all the aspects of a business! But then one has to understand the basic working of a business so that even if you are a solopreneur you could be able to do a good job!
We have also simplified each and every block so that its functions are very well understood and put into practice!
Today you can’t be a reactive entrepreneur and so being a proactive entrepreneur means you got to think big and think outside the box! And the same time have a solid foundation and principle-centric!