Please don't start up a new venture just for the sake of starting a business or to make profits from the first month or just carrying a side business along with job to have some money. Please be serious about everything you do and every step and move you take. Once an opportunity is lost its lost and new strategies need to be made. You cant cry over spill milk.
Business
Things to be kept in mind before starting a new Venture
Salary Negotiation
Salary negotiation is an ongoing process in today's corporate scenario. We negotiate over everything in our day to day life be it grains to finalizing big deals. Salary negotiation is very important because it sometimes happens that most deserving candidate gets very low salary and the less admirable is paid higher. When you think of negotiating about the salary then the question arises as to how to negotiate. There are certain rules to salary negotiation. You should not hurt the interviewer nor you should show your upper hand as these things gives you a negative mark in the interview.
Employee Retention
Employee Retention is the most talked about subject in today's business scenario. Take example of any organization be it IT, Manufacturing, Production houses - all are feeling the heat of employee attrition and they want to have good retention rates. Gone are the days when an employee stuck to a particular organization for his life time and never left. Things have changed and so has the mindset and work culture. Employees are the Back bone of the company.
Common Mistakes by Start Ups
I am myself an Entrepreneur there are few things which struck my mind. I would like to share with you. Never start a business for the sake of just doing something different and because your close relatives and friends are making millions so why not you ?
Management Concepts
I was really moved while going through management concepts of WALTER EDWARD DEMING.
Few of them which touched me are -
1) Drive out fear so that everyone may work effectively for the company.
2) Break down barriers between departments.
3) Institute a vigorous program of Education and self- improvement.
Business Success depends on few things -
1) The failure to focus single mindedly on sales in the number one cause of Business failure.
Healthy Work Environment
Its 21st century and we are adapting to new work culture. Gone are the
days when we used to put all our stress on work neglecting our health.
In todays scenario a lot of importance is given to healthy working
environment so that an employee works with peace of mind and is a
productive employee. We put more stress on fruitful work completion
rather than just spending 10 to 6 at office and doing no productive
work. Nowadays each and every company be it softwares, Hardwares or
any other company cares for its employees because if the employees
Jobless Candidates
A candidate after completing his/ her studies looks for job and few are placed at good positions with good pay package but the rest of the mass is left JOBLESS. Lets see to the fact as to why a candidate is left jobless even after completing his studies from a good institute with flying colors. A candidate secures 90 %, 80 % and dreams of getting a good and lumpsum salary. These top notch candidates sits for interview and few clear and land up to their dream job while rest of them struggle. Why this left over mass struggle even after getting good percentage ?
Employee Absenteeism
Employee Absenteeism is the absence of an employee from work. Its a major problem faced by almost all employers of today. Employees are absent from work and thus the work suffers. Absenteeism of employees from work leads to back logs, piling of work and thus work delay. There are various laws been enacted for safeguarding the interest of both Employers and Employees but they too have various constraints.
Absenteeism is of two types -
1.Innocent Absenteeism
2.Culpable Absenteeism
Employee Attrition
Employee attrition is a very big problem not only in India but outside India too. Attrition rate is increasing day by day and its especially the software industry which is affected the most. Why an Employee leaves a company is the question asked by most of the employers. Companies even hire Private HR professionals to study the company's work and find out why an employee is dissatisfied.
Good practice of Corporate Social Responsibility in Small- and Medium-sized companies
Corporate Social responsibility (CSR) by small and medium enterprises is an act in which an organization contributes to its employees, their families and society at large by means of welfare & training programs.
CSR should be looked upon as an investment in an asset rather than an expense. Brands or products which sell are not only judged by price or quality but also by the companies that produce them.
In 2002 PricewaterhouseCoopers (http://www.pwc.com/) survey of 1,200 business leaders found that 70% of CEO agrees that CSR is vital to the profitability of any company.













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