Author: Pawan Kotharkar Standard Operating Procedures (SOPs) are essential documents that outline the step-by-step processes necessary to carry out various tasks and operations within an organization. SOPs are designed to provide a standard, consistent approach to completing tasks, regardless of who is performing them. The main purpose of SOPs is to improve efficiency, consistency, and safety in the workplace. In a sense, SOPs act as a set of instructions for employees to follow when performing a particular task. They provide clarity on the steps required to complete a task and can be used to train new employees. SOPs are typically …

Author: Divya Gouda “I was once conducting a seminar on the topic of ‘need for market research and feasibility studies‘. When it was time for the questions, someone from the audience asked “What is the cost of conducting such a study”? Before I could answer, it felt nice when a client of ours answered the gentleman. “The cost of such a study shall be way less than the cost of your failed business venture”. It was an apt answer. The repercussions of a failed venture are not only in terms of money but equally important in time, energy and morale. …

Author: Divya Gouda As a business owner, it’s important to avoid making assumptions about your customers, market, competitors, or systems. This can lead to wasted time, money, and effort. To make informed decisions that will boost your business growth and make the most of your resources, it’s always recommended to conduct thorough market research. Successful business growth depends on understanding your target customers and other important factors. Market research also plays a crucial role in developing and bringing products and services to the market and marketing them effectively to consumers. Market research provides critical information about your business landscape. It …

Author: Habbisha Sivabalan The world at present has a more significant population growth. India holds a population of 1.41 billion and is placed first in the ranking based on world population. The population growth is creating an immense increase in wants which is leading to greater levels of production and manufacturing of goods and services. The increase in labour availability also has influenced manufacturing levels and quantities and enabled India to emerge as a manufacturing hub. The manufacturing sector has contributed approximately around 15% of the total GDP of India during the year 2022. According to IBEF, India holds the …

Author: Suprita Mallya When it comes to managing wealth, family offices have become an increasingly popular solution for high-net-worth individuals and families. A family office is a private wealth management firm that offers high-net-worth households a full range of financial services. The financial affairs of a single wealthy family or a small group of households are often managed by these agencies. Depending on the needs of the family, family offices provide a variety of services, although they typically offer investment management, lifestyle management, tax preparation, estate planning, legacy planning, charity giving, risk management, and other financial services. In this article, …