Total quality parameters – new ventures – Presentation Total quality parameters – new ventures View more presentations from Mayank Singh Hidden costs Hidden Costs Excessive use of material High inventory Inadequate resource utilization Cost of redesign and re-inspection Cost of resolving customer problems Lost customers / Goodwill Conversion efficiency of materials BREAKTHROUGH STRATEGY Identification Characterization Optimization Institutionalization Define Measure Analyze Improve Control Standardize Identify key business issues Understand current performance levels Achieve breakthrough improvement Continue Reading
Becoming an entrepreneur and developing a new venture is the initial and most integral step to offering a product or service.
Debt Financing:- Asset Based Financing Interest bearing Instrument Short or Long Term Retain Ownership Equity Financing:- Ownership Based Profit Share and Asset Disposal
Precursor to Business Plan submission and inviting venture capital Imperatives include – Ownership Liability of Owners Cost of Starting Business Continuity of Business Transferability of Interest Capital Requirements Management Control Profit and Loss Distribution Attractiveness of Raising Capital
Customers – who, where located, how much buy, from whom and why Promotion strategies and their effectiveness Pricing Strategies Market attitude towards competitive products Distribution Channels Competitors – who, where located, strengths / weaknesses vis-à-vis ours Production Capabilities
How much and when the funds are coming into the organization? Where funds are going? How much cash is available? Projected financial position of the firm? Short term basis for budgeting control? Prevention a common problem – lack of cash?