MSME Quality Hub

How to ensure the task is completed on-time; every time?

Whenever we need to provide a timeline for a task to our superior, we consciously or sometimes unconsciously add buffer time to the actual time we would take for the process. 1. We add time buffers to account for any uncertainty causing delays in the execution of the task, based on our previous experience.2. We… Continue reading

Habits

entrepreneur, Project Management, Small Business, Tasks, Transform Your Small Business
Think-Act-Share Business Habits – On Problem Solving

The Simplest yet Powerful Business Habits Newsletter One for Thinking Logical thinking is making a validated connection between cause and effects till we get the core issues. When was the last time you solved a problem by logical thinking…? Are you using it as a daily habit in your field? One for Action Still have… Continue reading

newsletter

Business Habits, entrepreneur, Small Business
Think-Act-Share Business Habits – On Managing a Project

The Simplest yet Powerful Business Habits Newsletter One for Thinking In order to complete the project ontime, It is not necessary that all the tasks to be completed ontime, except the critical path activities. One for Action Following are the disciplines to be considered in managing projects Still have questions? Write to me… One for… Continue reading

newsletter

entrepreneur, Excess Inventory, over stock, Small Business
The 4 Disciplines of Execution: How to Use in Small Businesses

Why many good initiatives are slowed down after a while and ends without notice? It happens in business, personal life and everywhere. What is needed to stop this?The 4 disciplines of execution – book provides formulae to achieve the goal. Discipline 1: Focus on the Widely Important Goal If you’re trying to execute more goals,… Continue reading

Habits, Retail Business

discipline, entrepreneur, Small Business
Think-Act-Share Business Habits – On Retaining Employees

The Simplest yet Powerful Business Habits Newsletter One for Thinking How many times your employees knocked your door and said a big NO to your authoritative orders, policies and assumptions without any fear of expulsion or actions. If this is happening frequently, you can be proud of the culture you had built in. One for… Continue reading

newsletter

entrepreneur, Excess Inventory, over stock, Small Business
On Time, Every Time: Maximizing Efficiency through Prompt Vendor Payments

Gone are the days when vendors provided services to organizations based solely on verbal orders. The friction between vendors and organizations is increasing day by day. The only way to reduce this friction and stay ahead of others is by paying vendors on time. Just as every organization expects superior service from its vendors, every… Continue reading

Habits, Retail Business

entrepreneur
Think-Act-Share Business Habits – On Reducing Excess Inventory

The Simplest yet Powerful Business Habits Newsletter One for Thinking Looking at the excess inventory, ask yourself these basic questions: I have given some major reasons for you to think through One for Action Categorize the products into the four types as explained in the below table for taking actions. Frequency of Selling Demand in… Continue reading

newsletter

entrepreneur, Excess Inventory, over stock, Small Business
Survival Tips for Small Businesses in the Face of Recession

Introduction: For any kind of economic slowdown, small businesses are heavily impacted than the corporates. The effect this slow down lasts a long time after the impact and entrepreneurs are finding difficulty to get recovery in the short term. There are many articles can be found speaking about the steps to be taken during the… Continue reading

Habits, Retail Business

Small Business, Recession
Think-Act-Share Business Habits – Cash on Hand is Everything

The Simplest yet Powerful Business Habits Newsletter One for Thinking “If you were to eliminate all the measurements in your business and retain only one metric that benefits you more than the others, what would that measurement be? What is currently preventing you from measuring it?” One for Action “Measure your business’s cash flow. Calculate… Continue reading

newsletter

budgeting, business, cash-flow, cash-flow-management, entrepreneur, Small Business, Theory of Constraints, Transform Your Small Business
Simple Techniques to Avoid Excess Stock in Small Business

Excess stock is a pain point for many small businesses, as it eats into hard-earned profits through slow-moving and obsolete items. In principle, excess stock or excess inventory is the byproduct of incorrect decisions made at various stages of the business. Entrepreneurs often struggle to meet customer expectations while managing inventory effectively. Frequently, the products… Continue reading

Habits, Retail Business

Excess Inventory, Retailing, Small Business

Each week, I will share three successful business habits: one for thinking, one for action, and one for sharing.