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Choosing the best logistics partner for your business

With the online retail industry expected to grow at a CAGR of 15.6%, to reach $1 trillion by 2020, many people are now resorting to the e-commerce sector to build out their ventures. Indeed, with the industry set the way it is, now is the time to capitalise on this great opportunity. With the rapid transformation in the telecom industry and data being easily accessible to millions across India, more and more people are taking to the online side of purchasing making India the fastest growing E-commerce market in the world. The market is already filled with a lot of players and it is hard to survive against the likes of Amazon and Flipkart who are pumping money into their businesses like never before. But wait does this mean that you are out  of the race and there is no way that you can manage to run a successful business online?

Manage your working capital with Vendors and Suppliers

Your suppliers are an important part of the holy trinity which makes up your stakeholders in the working capital cycle. They too perform a very important role, providing you with the necessary raw materials, stock or other products and services which are important to running your business. Should they stop providing them to you, well, there is a high chance of your business seizing to operate at all. Unfortunately, at the same time, suppliers consist of a cash drain for your business, and your need to analyse how best to manage them to help you better streamline the working capital demands that will be placed upon you. It is interesting that whilst reducing the time taken for stock and clients (ie – invoices) to be turned into cash, improves your cash cycle, increasing the time taken to pay your suppliers does the same. But take heed; playing this game with your suppliers is a risky one, especially if they are large and you are small. Here, we can show you a few ways of managing the risks around this:
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Managing your working capital cycle with Customers

This article shows you how to help improve your cash position by gtting paid promptly from your customers, through early and promot invoicing, regular billing reminders, debt collection and more. Your customers are extremely important to your business – after all, they purchase from you, and allow you to generate revenue/turnover which pays expenses in your business. But sometimes, securing that large client may prove to be a bigger headache, simply because they take forever to pay. It is reported that Indian businesses take the longest in Asia to pay invoices issued to them, upon being granted credit terms. All too often it feels a little like this:
Changing the word can't to can by painting over and erasing part of it with a paint roller on a concrete wall in the phrase i can do it

Perhaps tomorrow…

“I am a small business owner. I started this up shortly after college, simply because I didn’t want to join the others bowing and scraping and generating the revenues of others. I wanted to be my own revenue generator. Not that it’s been an easy journey though. I got by when I realized that there was nobody really to help me with figuring stuff out, and that I would have to do so myself. I got lucky as I came across a big client who I now regularly supply. Kickbacks to the procurement manager are not something I enjoy doing, but it keeps me in business, so I do. 70% of my sales are now being generated through this one client. I often ask myself what I would do without him, and shudder at the thought, but complacency has set in and I cannot really be bothered to go and

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Can you sell as well as this guy?

Let’s face it… businesses are all about selling product, and keeping costs per product lower than the price you sell your products at. Which is why being able to sell is so important. It’s sometimes easy to forget the necessity of a good sales technique in the midst of being an entrepreneur. And, as you get caught up into the business of getting your sales up and running, I wanted to share a simply awesome story with you. Here is a photo of a street vendor named Joe Ades. He doesn’t look like much but he turned out to be the world’s best salesman. Who also happens to be a multi millionaire, from selling… potato peelers. HOW? I hear you cry. Well. let’s watch the man in action: https://www.youtube.com/watch?v=HCUct4NlxE0 Joe manages to create a sales pitch without making anyone feel as if he is selling to them. This is his

Pavandeep Singh – Inbizhero

" My childhood was beautiful, coming from a home and school where there was so much love and understanding. I must say my brother and I have had a blessed childhood. From the beginning, I always wanted to create a brand of my own, without a clue about how, what, where etc. Our family business always represented world class brands and we were in trading but never manufacturing. I remember always thinking it would be so nice to create my own brand in the market. Four years ago, I put up a food stall at Kitsch Mandi just as a hobby and passion for feeding people. From there the ‘Tadka Singh’ Journey began and little did I know that it would turn out to be such a success that I would leave my current business and start a chain of restaurants.” - Pavandeep Singh, founder of Tadka Singh restaurants

Startup Smarter – Business Models to propel your startup

We have all had the great ideas which we think will launch us into fame, money and glory, and the truth be told, never in the history of man has it been this possible to build a relatively successful and scalable business, using the right business model to do so. Technological advancements have made things possible to an extent like never before, connecting people and countries all over the world. We live in an era where disruption is taking place because the world is more interconnected than ever before. So how do we exploit this new interconnectivity and think of business ideas? Well, one way to do so is to see what business models have now been created, in order for you to work your startup into a particular niche. Hold a reverse auction – when price sensitive customers come together, they want the best possible deal or outcome, and

How breakups can be the best thing for your startup

Relationships are beautiful aren’t they? The weekend getaways. Planning the perfect date. Getting that perfect gift. Spending hours watching Netflix and cuddling. It makes you feel all warm-and-fuzzy. But it leaves you with little time for yourself or to work on that baby project. And, at the end of the month it leaves you with even lesser money in your pocket. While relationships are nice, and some are lucky to find their forever, not everyone is born with the same luck. Entrepreneurs have it especially hard. There are loads of articles linking time after time the correlation between founding a startup and having a breakup. And breakups can be hard! They can be overwhelming. Exhausting.

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