06062021 Mumbai, BVI:
Continued from Why Business Value Development?
- Have you defined the value pillars of your StartUp?
- What are the constituents of your Value Pillars?
- Has anyone spoken to you about the need of Value Pillars?
- How do we achieve sustainability?
- How does Business Value Development assure sustainability?
StartUps are an emerging sector in the most developing nation like India. Our StartUps are our assets that are rewriting the economic history of this nation. Because they define innovations and create newer markets by establishing unheard solutions to challenges that are in the society.
To strengthen this tribe is the most essential act of any flourishing ecosystem. In the process Way2World is bringing out various articles from renowned consultants to enable StartUps re-strategize to succeed.
Business Value Development (BVD) is one such endeavor and we believe proper analysis would reap rich dividends. While wishing all the readers, a grand success in your journey, let’s unravel the strategies that help us scale up.
Business Value Development Consultant (USA) RAJENDER DESHPANDE reveals, “4 in 10 startups are broke: Survey
Startups in India are fast running out of funds, shows a LocalCircles survey of 8,400 firms. Four in 10 ventures have no money left and none have cash reserves for more than six months, the survey finds. Entrepreneurs are ruing the absence of a dedicated bail-out package for startups and many are registering themselves as MSMEs (micro, small and medium enterprises) to qualify for government relief.
On the plus side, 35% startups expect to scale back operations over the next six months, down from 61% in April. Moreover about 7/8 start ups out of 10 do not survive.
Sustainability of start- ups depends on the business practices of the entrepreneur. BVD perspective and practices can help increase the sustainability of the organizations. Sustained Economic Growth needs Sustained Businesses. Sustainable business needs BVD Practices.”
“Corporate derive their Growth from Strategies. Strategies are a function of and originate from thinking originates from perspective. In fact all our communication derives from perspective. So if perspective changes, our strategies, conversations, communications and thinking can change.
Value perspective needs to be inculcated and developed and it doesn’t come automatically. Value perspective is holistic in nature and not just sales, marketing, finance or operations.
Moreover, conventional corporate growth models are also derived basically from Sales growth, Products range. They put business owners in lots of pressures of debts, outstanding etc.
BVD, with its holistic view, finding Value pillars, Value Drivers specific to the organization establishing Ideal business Model for the organization, can give Gives geometric growth models specific for the organization. BVD therefore helps Business owners discover new pathways and strategies which are hitherto not found.
Conventional MBA education and training trains you in Sales, Marketing, Finance, Operations, separately. It has its own limitations. In small and medium business circumstances, problems occur holistically. BVD hence approaches the problems holistic way.
The average life of a business is getting reduced day by day (Its 15 yrs. now). So what way a business should prepare? How to extend the life? All this, is what BVD is.”
For more details: Rajendra Deshpande – +91 9326354999
Furthermore, RAJENDER DESHPANDE the United Nations affiliate, world association of small and medium enterprises has also shown interest in tie up which can further enhance the brand value and marketability of the concept…….To be continued………Soon….Watch Out…….
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