The Education sector in India is poised at a crucial stage in its growth. India’s demographic advantage of having a large population of youth presents a huge opportunity to education sector players. On the other hand, the growth of the Indian economy and upward movement of income levels is boosting student spend on Education. The interplay of all these factors has made Education an attractive sector with multiple opportunities, as can be seen by the high growth many players are witnessing and pursuing.
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Over the past few years, the real-estate marketplace has shifted to favor purpose-built townships. Vacancy rates are dropping, average rents are rising and buildings are selling for some of the highest prices ever seen. Developers and investors have been impressed by how well the sector has performed over the past decade, and many are looking to enter the market.
Know what you know, what you don't know and who knows what you don't.
No one knows everything, so don't come off as a know-it-all. Surround yourself with advisors and mentors who will nurture you to become a better leader and businessman. Find successful, knowledgeable individuals with whom you share common interests and mutual business goals that see value in working with you for the long-term. *Ameen Ahasan Strategy Consulting (AASC)* http://www.ameenahsan.com/ *Experts in Project Reports, Strategy Reports and Business Plans* Writing a business plan for your new business:
Investing time and focus in creating a detailed, well-structured business plan will give you direction and help your business become a success. Your business plan is essential for your business. It sets the direction for your business and keeps you on track once it's up and running. You'll also need a business plan for securing finance for your business. *Ameen Ahasan Strategy Consulting (AASC)* http://www.ameenahsan.com/ Experts in Writing Business Plans. Conduct market research into your business idea. Before you venture into your new business it's important to conduct some market research to see if your idea is feasible. You need to find out if there is a need for your product or service and who your competitors are, their strengths and weaknesses and how your business will differ from theirs. Putting the effort into researching your idea will help you determine whether you can turn your idea into a profitable business, or not. There are thousands of business opportunities in the market. But choose a business you love to do, more than its profitability. So that you have the guts, strength and passion to stay with it during the struggling phase (which every business will encounter). *Ameen Ahsan Strategy Consulting (AASC)* http://ameenahsan.com/ Experts in Project Reports, Strategy Reports and Business Plans In order to assure the quality of foods served in India, the government has formed agencies like FSSAI (Food Safety and Standards Authority of India ). 5 months ban on Nestlé’s Maggi made around 450 CR lost for the company (Business Plus Dec 2015). Now a day’s ban on food products has become a daily news. So food manufacturers and distributors like Bakery owners have to consider some thinks before they enter into the business.
1. The first and foremost thing to be considered while starting the bakery business is to identify whether there is a good customer base or not. 2. Bakery business offers different types and modes like Production, wholesale, retail etc. The strategies have to be taken according to these modes. 3. If it is production or wholesale the location should be available at cheaper price, but availability of electricity and water are very important as well as it has to be confirmed that the location has 24 hours power supply and easy transportation etc. 4. If it is retail, the location should be somewhere in the city or highways were the end customers have easy access. 5. Retailing alone is not a good option. Because it will reduce the profit margin and increase the bargaining power of suppliers. 6. The products and services has to be delivered according to the customers. So identification of customer’s taste and preference is highly important. A Market study will be a solution for this. 7. It has to be confirmed that all legal requirement are to be met for the smooth running of the business. 8. Don’t compromise on Equipment’s Quality: since the re-configuration/rearrangements of equipment are extremely costly, fixing of low quality equipment is a highly risky factor. 9. The competition is high in the industry, so innovative products/service and proper advertising are required, to attract and retain more customers. Every food or food based business should have a personality of its own, differentiating it from competitors, which we call, its business model. Engaging professional consulting firms will help in developing the unique business models based on the feasibility studies. At AASC, we deliver such requirements of the client in various industries, including the hotels and hospitality sector. To know more about how AASC can add value to your existing business or new upcoming project, please call +91 8606 556 318 ----- Author: Savad, PGDBM (Edxel-UK), works as Junior Business Analyst at Ameen Ahsan Strategy Consulting. Email: info@ameenahsan.com Mobile: +91 8606 556 318 1. Comparing to other businesses, asset appreciation businesses like Hotels, demand detailed feasibility studies to avoid higher risks. 2. Capital intensive investments like hotel projects should be done only by proper market and financial feasibility studies 3. Since the relocation and reconfiguration of Hotels are highly difficult and extremely costly, the hotels rely heavily on an effective location strategy to succeed in the competition to attract hotel guests to rent their rooms. 4. Spacious location is one of the most important factors for a new hotel establishment. 5. The location should be either Tourist (pilgrims/ leisure/travellers) spot or Business spot 6. Should have closer Accessibility to Airways, Railways and Road ways (high ways) etc. 7. The location should have space for customised/special amenities and Parking. 8. Continues demand is the key to success for any business. 9. Star rating is the common indication for customers about the facilities and features available in the Hotel. 10. The preferences of customers vary according to their income class. And in order to assure the demand, it is important for new Hotel developers to identify the most potential customers in the preferred location. 11. Identification of these factors are possible through different feasibility studies. Every hotel property should have a personality of its own, which we call, its business model. Engaging professional consulting firms will help in developing the unique business models based on the feasibility studies. At AASC, we deliver such requirements of the client in various industries, including the hotels and hospitality sector. To know more about how AASC can add value to your existing business or new upcoming project, please call +91 8606 556 318 ----- Author: Savad, PGDBM (Edxel-UK), works as Junior Business Analyst at Ameen Ahsan Strategy Consulting. Email: info@ameenahsan.com Mobile: +91 8606 556 318 |
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