Sunday, March 12, 2017

#Funding for #Startup in #India

#investor is the most searchable word on internet by any startup founders. Not only startups but by the traditional business owners also.

Yes, #investment is necessary for any business owner or any entrepreneur, but the timing matters for its success. There are many ways of funding.

when anyone thinks for any startup and when he doesn't know about the tricks of funding, he may be diverted to #fundraising instead of #productbuilding. Initial time you have to #invest in only product #development.

#Bootstrapping is the best way to start your development activities. Once you complete your r & d on your product then try to search for angle investor. But before you should have to do market survey and analysis of your product.

When your demo model is complete then you can go for first level of funding. It may be angle investor or professional who can believe on your concept. While doing this round of funding you have to work on valuation of your company, need of fund and share of investor. These are all hypothetical calculations and you have to determine it by judging all aspects of business.

This funding is not for the expansion but for building a higher level of floor of your product. Demo - #Trials - again R & D - modifications - final Demo. At this stage your product is a per your satisfaction. Its not perfect but you have tried for excellence.  It is always said that "Try for #perfection, you will get #excellence.

At this stage you have a most important target i.e Sale.  For sale you have to prepare all marketing data like pamphlets, brochures, flyers, website, social media accounts etc.

continue....

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Thursday, March 9, 2017

#Businessplan


  • internal growth: strengthening of the own position on the existing market;
  • market penetration: introduction of products on new market;
  • market development: new product on existing market;
  • product development or diversification: new product on new market.
Product plan, selection of products or services, determination of their quality, effect of a product (result for customer).
Marketing plan, aimed at marketing mix: product policy, promotion policy, distribution policy and price policy (cost price/ market price/ competition price?).
Production plan, choice of location, choice of equipment and of the production process, production standards, layout. Production planning, production management, stock control, quality control, cost control, maintenance.
Research plan, technological innovation or product modification.
Personnel & Organization plan, positions, recruitment and selection, career development, organizational structure, training and education, organization culture, performance assessment, terms of employment, relationship with the representative advisory committee, organized consultations, trade unions, promotion policy.
Purchase plan, evaluation of suppliers, account management, make-or-buy.
Logistical plan, transport management, stock and handling, run-through times, term of delivery.
Financial plan, registration and evaluation of financial data, responsibility for availability of financing.
Information plan, gathering and processing of data.
Quality plan, consistency, competence, responsibility, accessibility, respect, communication, credibility, understanding, safety, appearance.
Public Relations plan, both internal (mission, propagation of business objectives, motivation of staff) and external

common #brand building mistakes of small #businesses

Small businesses make are not thinking about their #strategic positioning. Even if it is a five-person company, it must do that. Second is changing their business model frequently. Third is not dialoguing with their employees.

Wednesday, March 8, 2017

myself



Vijaykumar A. Kakade
VTech Solutions
9922955643
www.vtechsolutionsindia.com !! www.pontoonindia.com
www.mybikewash.com !! www.varadom.com
www.gstarcad.org !! 
12/1, J SEI Block, Bhosari MIDC, PCMC, Pune 411026, Maharashtra, India.
(Design & Development of SPM, Jig & Fixture, Material Handling, Automation & Engineering Services.)

Tuesday, March 7, 2017

Importance of Management Accounting in Decision-Making


Business owners are faced with countless decisions every business day. Managerial accounting information provides data-driven input to these decisions, which can improve decision-making over the long term. Small business managers can leverage this powerful tool to help make their business more successful by understanding how management accounting benefits common business decision contexts.

Relevant Cost Analysis
Managerial accounting information is used by company management to determine what should be sold and how to sell it. For example, a small business owner may be unsure where he should focus his marketing efforts. To evaluate this decision, an accounting manager could examine the costs that differ between advertising alternatives for each product, ignoring common costs. This process is known as relevant cost analysis and is a technique that is taught in basic managerial accounting courses. The same process can be used to determine whether to add product lines or discontinue operations.

Activity-based Costing Techniques
Once the company has determined what products to sell, the business needs to determine to whom they should sell the products. By using activity-based costing techniques, small business management can determine the activities required to produce and service a product line. Embedded in this information is the cost of customers. Deciding which customers are more or less profitable allows the business owner to focus advertising toward the consumers who are the most profitable.

Make or Buy Analysis
A primary use of managerial accounting information is to provide information used in manufacturing. For example, a small business owner may be considering whether to make or buy a component needed to manufacture the company's primary product. By completing a make or buy analysis, she can determine which choice is more profitable. While this technique is certainly useful, small business owners should only use these analyses as a factor in the decision. There could be other non-financial metrics that are important to consider that would not be part of the analysis.

Utilizing the Data
Managerial accounting information provides a data-driven look at how to grow a small business. Budgeting, financial statement projections and balanced scorecards are just a few examples of how managerial accounting information is used to provide information to help management guide the future of a company. By focusing on this data, managers can make decisions that aim for continuous improvement and are justifiable based on intelligent analysis of the company data, as opposed to gut feelings.

Management Accounting Techniques
While the fundamentals of management accounting have not changed over the past 100 years, changes in manufacturing and production processes have pushed management accounting to update its practices. Integration of technological advances into the accounting department have made it easier and less expensive for small-business owners to make data-driven decisions about their companies. Understanding how management accounting has been updated in the modern era can help you leverage technology to improve your business.

Standard Costing
Standard costing is a method of recording accounting transactions at their expected costs and then analyzing any differences between the standard costs and actual costs. While this technique is certainly not new, the speed in which this information can be analyzed has definitely changed. Using modern accounting information systems, small-business owners are able to examine variances between actual and standard costs in real-time as soon as materials are purchased and products are manufactured. In the past, these techniques would require calculations by an accountant. Now, some of this functionality is built into popular software packages. While this is certainly more convenient, small-business owners should be careful. Interpretation of standard costing variances still requires understanding of how the process works.

Balanced Scorecards
The balanced scorecard is a performance management tool that combines financial and non-financial measures to give a more holistic snapshot of firm or individual performance. In the history of management accounting, the balanced scorecard is fairly new, with the technique only being started in the 1990s. While use of the balanced scorecard technique is popular it does have limitations. Even though compensation is often tied to balanced scorecard results, this may have negative consequences. Bonus amounts are powerful motivators; if small-business owners are not absolutely positive that the metrics being used in the balance scorecard are correct, they should be cautious in using the scorecard to award compensation. Emphasizing incorrect behaviors could hinder performance instead of help improve it.

Real-time Inventory Management
The advent of radio-frequency identification (RFID) technology in the last decade has drastically changed inventory management. In the past, companies often chose between periodic and perpetual inventory systems. Periodic systems record purchases of inventory in bulk and the cost of goods sold is determined at the end of the month. Perpetual systems update the company's cost of goods sold with every inventory transaction. By attaching RFID tags to products, businesses are able to track each individual inventory item throughout the company. Furthermore, as the company scans the RFID tags when the items are moved or sold, the accounting information system is updated on the fly.

Process Management
Modern management accounting techniques have also made great changes in process management. Management by exception, the process of only focusing management attention on processes when there is reason to believe that the process is not working correctly, can be applied much more efficiently using modern quality tracking techniques. For example, in the past a company assessing the quality of finished goods might measure every 100th unit produced to ensure that the product met specifications. Now machinery can measure any unit that falls outside of specifications and immediately remove the item from the assembly line.





Source - By E-mail. This is only for information and not for any commercial use.

Monday, March 6, 2017

Most Profitable #business in India - Automatic Bike washing Machine

Our this concept of Automatic Bike Washing Machine is best suitable for those who want to start their own business with minimum investment and guaranteed returns.

We have not developed only product but the best business model to encourage  #entrepreneurship in India. Use of #Greentechnology makes our product more popular. If your product is solving problems of common man then only it succeeds dynamically. and we have done the same thing. We have solved manpower problem mostly. As ease of comfort is most preferred by any human being, it will attract our product.

We are in the position of saving huge quantity of water in future. As we are facing water problem in India largely, water saving #greentechnology is highly accepted by Indians in the interest of environment .

Also we are aiming to succeeds India in #makeinindia. We are manufacturing this machine totally in India and aiming to export within a year.

#Makeinindia #Greentechnology #automaticbikeeashingmachine #mybikewash #roi #franchisee

For more details please find the below link-

http://engineering-info-park.blogspot.in/2017/03/automatic-two-wheeler-washing-machine.html



Automatic Bike Washing Machine
https://www.youtube.com/watch?v=VdkY_sk2l0c#action=share

Automatic Two Wheeler Washing Machine

Hi,
Greetings from My Bike Wash (MBW) mall, India’s first complete bike care centers with quality service.
MBW mall is a one of the leading brand for automatic bike washing and detailing services with green technology under flagship of Varadom Technologies Pvt. Ltd.
MBW Automatic bike washing Machine offer following advantages over the conventional washing system
1. #SAVE WATER, SAVE TIME
Wash a bike with only a bucket of water and save an environment
Wash a bike in just 2 minutes and maximize profit.
2. EASY TO OPERATE AND MAINTAIN
Easy to use and diagnose with 3” HMI.
3. ADVANCED TECHNOLOGY
Single Touch Control with PLC Controller.
Multistage water recycling system with extra Pre-filter.
4. MAXIMUM #PROFIT
Return On Investment (ROI) in average six months.
We offer 3 different types of models of offer as per customer requirements. Here is brief description of models.
1. MBW 101 - Fully enclosed Automatic motorcycle washing machine with water recycling system.
Suitable for - Who loves to save water, Individual investor, New Business and franchisee model.
2. MBW 102 –It is Semi- closed Automatic machine without recycling system.
Suitable for - Garages, Service center, and washing centers with existing business.
Please download the MBW Business information from following links.
Do check out our You tube videos and Facebook page:
MBW Demo Video   Motorcycle wash video  Scooter wash video
Face book Page -https://www.facebook.com/mybikewash/
For further assistance, please revert to us on following contact details or visit our website.
Thanks & Regards
Varadom Technologies Pvt. Ltd.
12/1, J SEI Block, Bhosari MIDC, Pune, Maharashtra, India 411026.
Ph. - 9922096667, 9967111046
info@varadom.com
www.varadom.com
www.mybikewash.com

two wheeler bike washing machine
Automatic Bike Washing Machine

Two Wheeler Washer
Automatic two wheeler washer