Tuesday, December 8, 2015

Steps For Successful Business In India

    Choose an Industry-: If you want to start your business in India, the first thing that is expected of you to do is to choose an industry where you would want to build a business in. There are several highly thriving industries in India and it is expected that you decide on the industry to build your business based on your area of strength. 
    Conduct Your Feasibility Studies-: Once you are able to make up your mind on the industry to build your business, the next step that you are expected to take is to conduct feasibility studies. India is a unique country when it comes to setting up businesses; a business that can thrive in one region will likely fail big time in another region. So, you are expected to conduct your own feasibility studies in the region you intend starting your own business.
    Write Your Business Plan-: Irrespective of what part of the world you intend starting your business, the norm is that you are expected to write a workable business plan before launching the business. Consequently, if you are starting a business in India, you are also required to write a business plan. The truth is that without a good business plan in place, you are likely going to struggle to build a business from the scratch in India. The competition amongst entrepreneur is much in India; every business owner would want to outsmart their competitors. That is the reason why you need to draft a workable business plan that has unique business strategies.
    Register Your Business-: As it is required in most countries of the world, you cannot legally operate a business in India without registering the business with the government. If you run a business that is not registered, there is a limit to the height the business can grow to. The ministry of corporate affairs is in charge of registering business in India, so you are expected to visit their office to make enquiry of the requirements needed if you want to register a new business in India. Basically there are four categories of company registration in India you will be required to choose from any of them when you want to register a new business in India. The categories are: Indian Company, Part 1 Company, Section 8 Company and Foreign Company. The various application forms are available for free download in the official website of the Ministry of Corporate Affairs, India.
    Join Professional Networks-: One of the means you would need to survive as startup in India is to join professional networks. Any business built in isolation will struggle to survive in India that is the reason why people look for professional organizations and enroll as a member. The benefits you stand to gain when you join a professional network in your industry are unlimited. Thus, ensure that you look for relevant professional organizations to join once you start your business in India.
    Create a Professional Website for Your Business-: The average Indians are internet savvy, so if you intend starting a business in India, you must ensure that you open a professional website for the business. When you have a professional website for your business, it makes it easier for people searching online for businesses to locate your businesses. It is also important to create a platform where people can purchase your goods online. E – Commerce is in vogue in India and if you must do pretty well with your business in India, you must create room for people to purchase your goods online and get it delivered to them.
    Make Provisions for Pay Your Tax-: If you want to start a business in India, then you must make provision for paying your tax regularly. There are about 20 different taxes that people pay in India, you can contact the Central Revenue Collection agency in your region or the office of the Comptroller and Auditor General to en-quire of the tax you are required to pay. India is among the countries of the world that can boast of having a well developed tax system.

    Tuesday, November 10, 2015

    Business Process Outsourcing in India

    Business process outsourcing is one way to make the transactions of a certain company becomes easier. It mainly seeks help to other companies to handle its business transactions.
    In India, business process outsourcing is very in demand. It commonly helps to improve services to the customers. Basically, this business process outsourcing provides efficiency through proper management of productions and services from the various countries around the world.

    Facts in Business Process Outsourcing in India

    India has a numerous companies that usually engaged in the business process outsourcing. It usually involves data jobs entry, customer service jobs, telemarketing and even management supply. In addition, marketing strategies is also one of its roles. There are numerous benefits of having these outsourcing. To have concrete ideas, the succeeding paragraphs explain its various benefits.
    Business process outsourcing is of great help to improve the services offered by a certain companies. This is also called as a call center companies. Huge companies need this business process outsourcing. Through this, all the queries of the customers will be completely answered. As you observed, most of the large companies does not have time to ask feedback from the customers. With these, feedback and other essential information's or suggested service offered are realized.

    With the aid of business process outsourcing, the service offered by a certain company will boost up. All the concerns of the customers will be known and make solutions, if customer problems arises. In having call center, agents must be fully trained. Agents play a great role because they are the front liners of the company. They provide additional information to the customers and make sure that the customer will be satisfied on its services offered.
    To start up business processing outsourcing, here are the following steps that need to be considered. First, decide where will be the area of the business. Customer can easily reach our company instantly. Second, find business processing outsourcing that can greatly help your demands. Third, know what kind of call center you want to engaged in. It is either an inbound or outbound calls center.
    It is always important to choose agents diligently. It is the duty of the agent to convince the customer to continue patronizes the products of a certain company. Proper supervision is also a must. In addition, there are numerous types of business process outsourcing. First is the back office outsourcing- commonly deals with the finance and accounting. Another is the front office outsourcing- this includes the call center agents. In addition, business process outsourcing that commonly deals to the other countries is called offshore outsourcing. In contrast, near shore outsourcing are those who deal on their own country.

    Monday, October 26, 2015

    Types and Description of Horticulture

    Would you like to engage yourself in horticulture because you love taking care and growing plants of different kinds? Then now is your chance to do what you really want.
    In order for you to understand more what horticulture is, you can rely on the information presented here.
    Horticulture is known as the science and art involved in the cultivation, propagation, processing and promotion of different kinds of plants such as nuts, fruits, vegetables, turf, flowers and ornamental plants. It is considered exceptional among plant sciences because it does not just involve science and technology but art and design principles as well.
    In order for you to know the field where you will specialize in, you should know the four types of horticulture. Each division has its own specialization in treating different types of plants. As a result, there is a big difference in the way the plants smell, taste, look and grow.

    Floriculture

    If you are the type of person who has a big fascination to flowers, the floriculture type is best for you. If you will try to engage in floriculture, you have to work in all areas of commercial flowers production. So, this implies that you have to grow and to harvest fresh flowers. You also have to distribute them to different stores and retailers. In this type of horticulture, it is not just enough that you have the passion for taking care of flowers. It is also required for you to have knowledge and skill on how to grow the perfect flowers that are highly marketable.

    Pomology

    If you prefer to work with pomology which is referred to as plant science, you have to deal with tree and fruit cultivation. This is considered as one of the most important fields in the agriculture history. In order to perform the job well, a pomologist should have formal education to discover the ways on how to breed fruits and keep them disease-free as well.

    Olericulture

    Olericulture is a study of science dealing with growing vegetables and the culture of herbaceous, non-woody plants for food. In this type of horticulture, the olericulturist will be responsible for the production of plants to use their edible parts. This is one of the most important types of horticulture because the edible parts of plants are processed into so many kitchen products used all over the world.

    Landscape horticulture

    Landscape horticulture deals with the careful study and use of ornament plants such as shrubs, hardy vines and trees. A landscape horticulturist should perfectly know how to care for natural plants properly by keeping them healthy as they grow. According to experts in this type of horticulture, the most important factor that must be considered is the appearance of the plants.

    Tuesday, October 6, 2015

    Importance Of Business Strategy

    Do you have any idea why is business strategy important to any kind of business?

    If you're a young businessman and just starting to make your name in the world of entrepreneurs then you might find the importance of business strategy for the success of your business, if you're still uncertain then i will explain to you further.

    If you know well the importance of a business plan for the success of your business then same also goes with business strategy. When you are creating a business plan, it also suggests you to make your marketing strategy as a way of connecting your products and services to your target market or crowd. Just imagine you’re a member of a cricket team and you’re listening to the instructions of your coach, this is how business strategy is executed.
    Speaking of strategy, as the owner of the business you are assigned to plan the kind of approach that will connect your business to your potential customers. Just think that your pen is a cricket bat and the ball that will be thrown to you is your business goals and objectives. Once you hit the ball and it strikes you a point then it means that you hit the target successfully. On the contrary, not hitting the ball will indicate that you’re motivation is not enough to strike a point, as well as in your business goal. When planning for your business strategy, you are setting up a target and you’re aiming to hit in a timely manner. Time is very essential in hitting your target, wasted time also means wasted money.

    How to Plan your Business Strategy Precisely and Effectively?

    In making a business strategy, you should not do the job alone without the help of your marketing crew. You hire a marketing team so they can lend their hands to you in completing an effective business strategy precisely. Going back to sports idea, the success of the team is based on the contribution of every team member and winning the game requires cooperation and a strong teamwork. Use your sense of leadership as the business owner and be a good example to your employees and they will definitely follow every policy you will implement particularly for the execution of your strategy.
    Furthermore, building a business strategy will also mean that you need to study the status of competition in the market. Think deeply on what kind of line of attack you will strike against your competitors and how you will draw the attention of the greater part of the target market in hitting your objectives. Always bear in mind that time and proper executions of the plan are the essential elements of an effective business strategy. Once you obtain the results, analyze well if the strategy works well or there is a need of revision that resulted on a poor outcome. Continue to think of new strategies as time goes by because the status of the market also changes every now and then. If the business strategy succeeded on your short term plan, then proceed in creating for longer terms and don’t stop generating new ideas and line of attacks.

    Tuesday, September 29, 2015

    Glass Recycling Business

    Recycling is the in thing nowadays. Because of the problem of our dear mother earth is facing right now, recycling has become the next to normal thing to do and glass recycling is one of them. This article will show you how to start glass recycling business.
    For every business there is always the planning stage. Know the business fully well. Invest in training's, buy books, and talk to people who know this industry better than you.
    Know your options and most especially do you have enough funds for this kind of business. If you think that you do then I don’t think that you can not succeed in this kind of business venture.
    There is a saying that there is money from wastes. This is so true. Empty glass or jars are categorized as trash and recycling glass is one profitable business venture you may to try to invest in. You can start by recycling glass bottles or jars. Glass bottles are classified as non biodegradable so it will stay in its present condition for millions of years in the landfills. Instead of throwing them where it will just take so much space in our mother earth why not start a business that collects, clean and resell the glass bottles or jars. You can offer the cleansed recycle bottles to those who are making home made jams or you can also search the web for possible customers who are interested in purchasing recycled glass.
    You may also consider doing glass aggregates. This is made from recycled glass. You need to invest in machines that produce glass aggregates. There are machines that can fit in to your empty space at home such as your garage or you may also want to invest in a bigger machine but you will enough space for this. Glass aggregates are being used in the making of concrete pavers, terrazzo flooring's, tiles for counter-tops and the likes. This is a lucrative business as this is the latest in the construction industry nowadays. It also used in landscaping, for aquariums and fire pits. Indeed there is a big demand for recycled glass
    You may also want to branch out in making stained glasses out of recycled glass. Stained glass windows look very attractive. There are also several crafts that you can make out of stained glass like picture frames. Materials that you will need in making any crafts out of the recycled glass are glass cutter, emery paper, glass grinder, pliers, and paints.
    There are several other businesses you can come up with once you are well versed in the glass recycling business. For the meantime focused on just one and try to master it before jumping into another one.

    Friday, September 25, 2015

    Own Fabrication Business

    If you want to start a fabrication business, you will need to have adequate knowledge and skills in order to excel in this industry. You have to start out early and if possible, you have to take up a relevant college degree.

    Get the required certifications, EIN, business license, and find a great location.
    Have you chosen the ideal business opportunity? If you’re interested in metals, you can start your own fabrication business. Before anything else, you should know what this type of business is all about. Today, you can find lots of fabrication businesses and since you’re just starting out, it is vital that you possess adequate knowledge and skills in order to succeed in the industry. You need a site for the factory where you will carry out your projects to develop things like handrails, frames, metal equipment, and many others. In order to finish major construction projects, a fabrication business is a must.

    How to Start Your Own Fabrication Business?

    You have to ensure that your fabrication business is able to finish various projects fast and efficiently. You should know how to deal with different kinds of people since you will be working closely with engineers, architects, and other professionals. Building metal pieces is no joke and it entails a huge investment. Aside from the raw materials, you will also need to purchase essential machines, saws, and other equipment. Oftentimes, a fabrication business also offers sandblasting but you can focus on other specialties. To ensure success, you will need to prepare a business plan.
    Without a fabrication business, machines and buildings will not exist. Fabricating metal is quite easy to understand. You have to determine the requirements for setting up this type of business. You can inquire from the city or county office about the licensing details. Special permits might be required but this will depend on the state or country where you live. The zoning laws usually cover factories and fabrication industries, so it pays to do some research. Capital is often a problem but with a solid plan, you will not find it hard to obtain funding. With such a huge responsibility and investment, you can settle with incorporation. A corporation will have access to a larger amount of capital.
    Having the right skills is vital, as well as quality tools. It is expected that the industry will continue to have high demands for fabricated metal. Skyscrapers and specially designed structures require different forms or style of metals. Specialize in the industry today and get the needed certification. It’s best if you are able to finish a relevant college degree or course. With knowledge and skills, you can go a long way. Find an ideal location for the fabrication factory and hire skilled personnel. Secure EIN for tax purposes and purchase appropriate business insurance. Decide on the pricing of your services and products in advance.

    Thursday, September 24, 2015

    Recycling Business

    There is money in recycled non-biodegradable garbage materials that are used in the making of new household items. This business has helped clear up the garbage dump sites of unsightly garbage before that government did not know how to dispose of because they did not rot even after so many years.
    With recycling, this problem is no longer a concern.

    The first requirement you have to meet is for you to have an area big enough where to pile up recyclable garbage items that you gather day to day through your many workers who go around the communities that you intend to serve with your recycling business. When the garbage items piled up are enough to fill up a truck you load this and send them to the shipping point where cargo barges are waiting to be filled up with materials before sailing for the factories that melt the garbage into reusable form again.

    Locate Your Garbage Collection Site Centrally

    The open area that you use to gather all the recyclable garbage materials must be located centrally so it will be easy for your gatherers to reach it from all directions as they go house to house in their daily task of garbage gathering. If the site of your collection and sorting area is near government garbage dump site or collection point, so it is much better. Have a reliable water source near your garbage collection pile area in case there is need to clean up some of the items collected.

    Have an Efficient Trucking System

    Another important investment you have to make is trucks big enough to do the hauling from your collection area to the shipping point where your garbage collected are weighed, and where you get paid for the items you send. Proof of this delivery is issued to you before the loading into the cargo barges of the receiving factories, that complete the recycling system into the new metal, plastic, or glass materials that manufacturers can use in their making different new products. You collect the actual payment from the banks designated by the factories in their payment system.
    The recycling business you are setting up will provide jobs to many people who act as your work force in the manual gathering of all metal, glass, plastic and other synthetic materials from the households, and from the garbage dump sites nearby. You will just pay them by the kilo for the items they deliver so you must have a good weighing system for this purpose. The workers you pay on a daily basis are the ones who sort the items by kind in your garbage collection area. Many of the new workers you will be hiring may be jobless for the moment and they will be very thankful to you once you set up the new recycling business.

    Wednesday, September 23, 2015

    Pros and Cons of Fish Farming

    Are you eager to know the fish farming pros and cons? Fish farming plays an important role in the food industry by providing enough supply for local and international demand, however in order to be successful on this business you need to know the pros and cons, let us teach you on how to deal with it.

    Fish farming, or also known as “aquaculture, plays a significant role in supplying the demand of the world’s need for fish and other sea foods such as salmons, tunas, shrimps, crabs, mussels, catfish and aquatic plants like seaweeds.
    The industry of fish farming has been exercised by our ancestors hundreds of years already, this is according to experts. It is said that about a quarter of the total consumed fish all over the world came from fish farming or aquaculture. Here you can see how important the industry is in supporting the food industry of the world. However, the fish farming industry faces a very big challenge in the recent years on how it can sustain the demand regardless of the disadvantages it could bring to the natural environment.
    Let’s discuss the pros and cons of fish farming so you could have a bright idea on you will manage the business.

    The Pros and Cons of Fish Farming and How to Deal with it

    Let’s start with the advantages. Fish farming was created as an alternative source of freshwater and saltwater fish products to answer the increasing demand of the world for food due to the explosion of the population. Since the oceans and lakes can’t sustain this demand alone, the fish farming industry replaces this shortage by producing fish supply in much quicker time than its natural habitat. The fish farming industry also has been the answer to save some fish species like red snapper and cod from disappearing in our oceans by bringing them in aquaculture farms to revive their population. Another great advantage of aquaculture is the additional job opportunity it can provide to those areas where unemployment is rampant, particularly in the coastal areas. In addition, fish farming can solve the problem of malnutrition by providing enough supply of fish which is a great source of protein, iodine, omega-3, and other nutrients needed by our body.
    On the other hand, if there are pros there are also cons. One great disadvantage of fish farming is regarding environmental concern. Because the fish farms contain a huge number of fish that makes them crowded in their artificial home, some of them will die and can cause pollution to their water sources. And when the water sources had been contaminated, it will produce bacteria to infest the area along with other diseases, hence threatening the health of the wild population causing them to die abruptly. Feeding the fish population in the farm is another issue. The feeds are more on fish meals, meaning some species are eating their kind like shrimps and salmons for example. To sustain the fish farm you need a great resource of these feeds, thus making the business extremely unproductive.

    Tuesday, September 22, 2015

    Food Company Business

    Have you ever wanted to start your own food company but didn’t know where to start? Starting a food business can be a fun and worthwhile business, but there are some regulations that have to be followed for it to become a successful venture.
    I have provided you with some basic steps to help you out in starting a food company.
    Before starting a food company, you need to establish what type of food product you want to put up for sale. You can choose to produce pre-packed food such as cookies. You can also market deli items such as wrapped sandwiches or farmed foods like cheeses and meats. You can also choose a broader type of business like a restaurant, bakery or food delivery service. However these business types are more expensive to start and maintain than other types of food businesses.
    Once you have made the decision which food company you will be starting, the next step you need to think about is getting the necessary licenses that your state requires. It doesn’t matter which food company you are starting, but for all business types involving food, you will need to acquire several types of permits including food handling certificates and inspection certificates. These certificates allow you to manufacture food products from where you want to. The certificates and permits that you will be required to have will again depend on the type of food business you will be starting up, how the food will be produced and packaged and how you will serve it.
    After starting your food company, a very important step to remember is to have your products tested for their nutritional value. For all packaged food you will need to have a label to be placed on it with all the products nutritional values. You will have to send your food product to a food testing laboratory to make sure that you have the most accurate nutritional values for your food. Later on, when your business has become more stable you can opt to have your own in-house food testing laboratory.
    Once you have determined the nutritional values of your products, it is now time to have suitable labels printed out for your products. These labels must contain all the important information that your customers need to know about your product. Information about ingredients and possible allergens should be indicated on the label. The label should also reflect where the food was made. The label also contains information about the weight of the product and the country of origin.
    For the manufacturing aspect of your products, you will need to find a reliable and licensed company to have your products manufactured. Depending on the size of your company, you can choose to have it manufactured by a large-scale manufacturer or a smaller commercial kitchen. Whatever your choice it has to come to the fact that the company is hygienic and has all the necessary license and permits to carry on the job that you require.
    Another important aspect of starting a food company is marketing. There are different marketing strategies you can employ. One is by preparing free samples at events, you can also advertise by way of leaflets and coupons and providing free samples with orders. You can advertise with the media or create your own website and gain even global popularity.

    Friday, September 18, 2015

    Cost (Financial) Model for 1 MW Solar Plant Setup in India

    Cost (financial) model for 1 MW Solar Plant investors in ten year’s.
    All calculations are done in Lakhs
    Years2016201720182019202020212022202120222023Total
    Revenue113.5113.5113.4113.4113.3113.2113.2113.12113.1112.91133
    Operational Expenses888888888880
    Bank Interest Payment57.151.846.44135.630.224.919.514.18.7330
    Depreciation34.334.334.334.334.334.334.334.334.334.3343
    Total Expense (without AD)99.494.188.783.377.972.567.261.856.451.0753
    Profit Before Tax (without AD)14.119.424.730.135.440.746.051.256.761.9380
    Taxation (without AD)2.73.74.75.76.87.78.79.710.811.872
    Profit After Tax (Without AD)11.415.720.024.428.633.037.441.545.550.2308
    Profit After Tax (Without AD)11.415.720.024.428.633.037.441.545.550.2308
    Depreciation34.334.334.334.334.334.334.334.334.334.3343
                                                                                                                                                                                 Total
    Less ( -)
    Bank Debt Service amount41.3741.3741.3741.3741.3741.3741.3741.3741.3741.37413
    Balance sheet of 1MW Solar Power Plant Investors 
    INCOMEAMOUNTEXPENDITUREAMOUNT
    Total Revenue for 10 years113,300,000Operational Expenses8,000,000
    Bank Interest Payment33,000,000
    Depreciation34,300,000
    Total Expense (without AD)75,300,000
    Profit Before Tax (without AD)38,000,000
    Taxation (without AD)7,230,000
    (Min Alternative Tax 19%)
    Profit After Tax (Without AD)30,770,000
    Total Income113,300,000113,300,000

    Depreciation34,300,000
    Profit After Tax (Without AD)30,770,000
    Total amount in account65,070,000
    Bank Debt Amount41,300,000
    Balance cash in hand23,770,000