When the country is celebrating its 77th independence day, its growing faster than almost all other countries in the world. The business people of India should also need to grow up faster to attain this faster growth of the country. Here given is a brief picture of business in Indian scenario.
Small business in India
In India we shall start a small business with little money. may be with few thousands to some lakhs of rupees of investment. Most of these business doesn’t come with the criteria of ‘business’ because there may be an owner works with few employees help. They are only self employed. if the owner is not able to come to the shop for the day its closed for that day. If an employee takes leave the owner has to do his job also to run the business. Owner does the communication, billing, delivery, payment collection etc, Most of the so called ‘kirana shops’ comes under this ambit. But these people are the real show makers in the local market. they make some earnings in the business also they give employment to few people.
medium scale business in India
In India we call a business as medium scale when its started with an investment of one to two crores of Rupees as net capital, and it has an annual turnover of 5 to 20 Crores of Rupees. In medium scale business also there will be some employees of five to ten people, they were managed mostly by their own business owner. They do good number of business operations on a daily basis, and is having good number of clients or customers in their kitty. They possess a good local brand value and trust, also having more than 10 years of existence in the industry or field. The expertise of the business owner contributes heavily to its smooth running on a daily basis. most cases these business doesn’t have a process to follow they follow their leader, his wit and will only. you ask they say you just run the show attitude for the employees.
Large scale business in India
In large scale business, the day today business activities are done by trained employees. They have a defined hierarchy in who does what, rolls and goals of employees are defined. if one employee leaves another one being employed, to run the show.They provide service to a large number of clients, to a large geographical area of covering under their business., multi crores of collection of payments in a systematic way, they have predetermined and optimized delivery channels. They have responsible persons in responsible positions in a responsible manner. Everything is pre- determined and well defined.
Growth systems
Business growth is defined as a stage of growth in business revenues through a sustained increase in market reach and in profit margins. It generates more products, increases in number of employees, expands its customer base, area of service, market share etc in a sustainable manner. Development signifies an improvement not just in number or size of service, but growth in overall performance in all the sectors of business functions.
Growth systems is a framework of process optimization, integrating key functional areas of the business like people, technology, resources and objectives. For outbound growth companies follow market penetration by digging more to the existing market, market expansion by increasing the area of service, product expansion, by increasing product range , diversification by increasing product line, also uses a quick growth strategy by mergers and acquisitions of other companies or firms.
how to grow your business Now?
The above shown growth systems are invariably used by business world over for growth. But which one to choose for your growth is determined by the strategy you follow if you have determined one. If the business basics or core systems are well placed in your business you can decide which way you should drive.
