In India, the growing economy and the availed man-power lead the way to incorporate a new business with not as much difficulty. But, it is advisable to apply a few effective apparatus like Tax Planning to run a new business successfully. From the last few years, it is seen that the marketplace has become quite competitive and it is not an easy task to beat the competition and grow the business at the same time. With the developing technical boom, everyone is marking their presence in the...

1. Personal investment When borrowing, you invest some of your own money—either in the form of cash or collateral on your assets. This proves to your banker that you have a long-term commitment to your project. 2. Love money This is money loaned by a spouse, parents, family or friends. A banker considers this as "patient capital", which is money that will be repaid later as your business profits increase. When borrowing love money, you should be aware that: family and...

Starting a transportation business requires careful planning and research to ensure that you have a solid foundation for success. Here are some general steps to follow when starting a transportation business: Develop a Business Plan: Start by creating a business plan that outlines your transportation business idea, target market, competition, financial projections, and marketing stategy. This will help you organize your thoughts and ensure that you have a clear understanding of your...

Handling business challenges effectively in crisis management involves several key steps. Here are some important strategies:   1. **Preparation**: Develop a comprehensive crisis management plan before any crisis occurs. Identify potential risks and create action plans to mitigate them.   2. **Clear Communication**: Keep communication lines open both internally and externally. Be transparent about the situation, share updates regularly, and address concerns promptly.   3....

A job title can describe the responsibilities of the position, the level of the job, or both. For example, job titles that include the terms “executive,” “manager,” “director,” “chief,” “supervisor,” etc. are typically used for management jobss.

Yes, there is one now; and I have them on sale at a discount! Here’s how to order:   Of course, I say this in jest. Why? Prospects and my clients often call me mystified by the elusive concept of executive presence and wonder if there some quick way to overcome the perception that they carry about their lack of it, particularly before some significant presentation, meeting, or a major promotion. Of course, there is no quick way to mantle yourself with executive presence; it...

In our personal and professional lives, we are programmed to pursue our dreams. Some pursue them with plans supported by their ambition and hard work but are still not always able to get what they purse. In fact, even in some of the most ardent pursuits the brass ring remains elusive, despite the most qualified and deserving individuals pursuing those opportunities. This can not only be disappointing, but sometimes even frustrating with your wanting to abandon your plan by throwing your...

Since the Covid-19 Shelter-in-place took effect how job interviews are conducted has changed. After the first one or two rounds of phone screens the job interview quickly ratchets up into a video session as a proxy to the in-person interview that is typical in a normal environment. During the past three months I have been coaching my clients on how to do job interviews using Zoom and other video channels to conduct advancing interviews to get through the mill and to get the job offer as its...

In my previous blog on Stopping Micromanagers I had exhorted about what micromanagers and the micromanaged can do to affect any change in the status quo. Although these tips are not always easy to implement, both sides working in collaboration can make a difference in how change can take place to benefit both sides and their organization. In this blog I plan to showcase the dispositive and pernicious effects of micromanagement on an organization if it is not checked in time, using Boeing...

My last week’s blog, Demystifying Teams, resulted in many private emails, calls, and discussions, most of which were with my clients. One client, during our session, after the blog was posted, discussed with me an idea that he implemented in his team (both here and off-shore) with significantly improved team performance and autonomy. I also then remembered from my past a similar approach I had taken to make my team (of some 300) self-managing. My thanks to Ariba’s Rahul Sule for...

A large part of my coaching practice is helping my clients deal with their dysfunctional bosses. As I have written in many of my past blogs nearly 80% of the bosses exhibit some level of dysfunction. Although this distribution of managerial behavior is near Gaussian (normal distribution), you should not view this dysfunctional behavior as “normal” just because of the preponderance of managers with such dysfunctional styles. If you consider some episodic dysfunction—during...

My client pool includes managers at all levels, including CEOs. Throughout my career coaching I’ve seen examples of what managers need to do and to avoid. But during the last few weeks I ran into some egregious client situations that made me realize that very few managers really understand their true responsibilities and what they must do to be effective in their roles. This is especially true of the managers, who just got promoted from their Individual Contributor (IC) roles because...