Vinay Joshi's Blog (6)

Importance of Compliance in Business

Compliance from a business perspective refers to its operations within the boundaries of the laws of the land. Non-compliance with these regulations can land a company and its management team into legal trouble such as lawsuits, claims, investigations, penalties, fines and prosecutions on the basis of the severity of lapses.

Collapses of many businesses over the years were often due to non-compliance of both internal and external rules and regulations. Some of the more well-known and…

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Added by Vinay Joshi on October 22, 2019 at 1:43pm — No Comments

Decoding MIS

Management Information System. Questions that might come to one’s mind could be what does it mean? How does it affect me? How does it help me?

So, let’s understand this using a real life example. Imagine you go to a grocery store and you have to go around and select the products on your own. The products are unsorted and not labeled. So you have to go through each shelf and product to find your items. However, in reality the stores are well sorted and aisles are there…

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Added by Vinay Joshi on October 11, 2019 at 12:31pm — No Comments

5 reasons why should you maintain Financial Hygiene in your business

Financial Hygiene is nothing but accurate and timely financial statements for any Organization. The main financial statements are Balance Sheets, Profit & Loss Statement and Cash Flow statements. Profit & Loss statements should reflect profit before depreciation & interest, profit before and after tax which matters a lot to the management, shareholders and external stake holders to understand the financial position of the company.…

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Added by Vinay Joshi on September 18, 2019 at 1:38pm — No Comments

Power ahead with your team of intrapreneurs

“Intrapreneurship” is a term that has been around for a while now. In fact, in an interview in 1985, Steve Jobs is quoted as saying, “The Macintosh team was what is commonly known as intrapreneurship; only a few years before the term was coined — a group of people going, in essence, back to the garage, but in a large company."

One of the common challenges many small and medium sized enterprises face is that of people. Employers remain unhappy with the level of productivity of their…

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Added by Vinay Joshi on September 11, 2019 at 2:22pm — No Comments

T & C = Trust & Credibility

https://bigmomentum.in/blog-details.php?id=1

For enterprises to grow, Trust and Credibility are essential. It is the foundation of business that creates the environment to thrive. Below are 7 simple and essential practices to build trust and credibility in your organization with internal and external stakeholders.

1. Pay your Employees, Vendors and Creditors on time.

2.…

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Added by Vinay Joshi on August 10, 2019 at 3:00pm — No Comments

Culture of Enterpise

For any enterprise to grow . Grow does not by any chance means growth only Top line( revenues)  or bottom line(Profits). 

Growth means Growth in People, Creativity and Innovation by the people , Improvement in performance, Customer acquisition, Customer retention, Improvement in productivity cycle and many more aspects of business, which in turn results is consistent growth of enterprise in top line and bottom line. 

Many of my fellow entrepreneurs get engrossed and get…

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Added by Vinay Joshi on September 1, 2018 at 8:36pm — No Comments

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