Looking at both sides of coin small companies should take exemplary advice from experts
Bhavesh Upadhyay
Founder - Enterprising Indian, Board of Directors in 10 Companies, Director Lumenar life care LLP and Trojan life care Pvt Ltd .Columist in Divyabhaskar
In the big corporate houses, there are various departments to achieve company goals. They have a tier of senior managers lead each department. There also have a department named Market Analysis to stay connected with the market of their niche, but small companies do not have such facility of department segmentation. A company with a small turnover, the promoter leads mostly each department or the company has a small team of four to five managers. The small company cannot take up the cost of managers and leaders. At such a time, if the promoter or company owner does not have progressive thinking, then the company will not grow.
Also, some small entrepreneurs believe that whatever they know is true. They give great importance to their traditional thinking for the company's operation. They always try to some of the other kind of fault with new things or ideas. They are too into their own world. They often give more importance to a process driven by people and if the manager gets absent for a day they get conscious. They never try to invest in process automation or system development. They believe and have a lot of confidence in their skills, but whenever they face a sudden challenge in the company, they get confused and start panicking. A sudden change in the market leads to a huge loss in their productivity and profits.
If the head of a possesses such view then the company has to bear a heavy loss at some or the other point in time. The head of the company needs to change their mindset. If the company wants to be in the path of development, then the head of the company should keep a progressive mindset and connect with some outside expert following the vision of company's business.
Today let’s talk about one such progressive company's entrepreneur, Keyur Shah, promoter and CEO of Reyes Techserve Pvt. Ltd. Most of their business comes from the USA. In the healthcare sector, for the development of new software and innovation of new technology, they are considered as one of the India leading IT companies in this. In order to keep the company progressive from last 17 years, the company’s owner Keyur Sir has continuously been bringing new ideas. America, a big hub for business, is constantly trying to give new and innovative products to the customers. The company's philosophy is to give more than what is required to any corner of the world, and also in the fixed time limit.
Reyes’s promoter Keyur Shah believes that if you want to keep your customers happy, then you have to keep employees happy. Mr. Keyur is an outspoken partner who has participated in the vision of the company so that employees are optimally participating in the development of the company. With the help of External Experts, Mr. Keyur has been promoting employees to become a part of company’s growth. Every employee's goal has been fixed, all of them have a sense of responsibility. The company has implemented the Flexible Working Hours Policy. Mr. Keyur, who gave the company an atmosphere like MNC also has adopted five days working culture.
Reyes TechServe is now looking forward to becoming a leading IT company making business easier, and all the credit goes to Mr. Keyur’s company employees and progressive culture of the company. In his words, if you want to develop continuously, and need to be a step ahead of the market and it requires expert opinion then it is advisable to take one.
The conclusion of the whole discussion is, if the company has to develop with a progressive mindset and develop skills to look at both sides of a coin, then you need to encourage progressive and expert personalities to participate in your company’s vision leading to the ultimate benefit of people.
Some Tips
1. “I know everything and I don’t need anybody”, never keep such kind of attitude. At every stage of life, you continue to learn something.
2. Often you know everything, but when a specialist suggests something, the sense of acceptance is very much in the workforce, so take advantage of it.
3. Have system driven process rather than people drive process and experts can help you a lot in the same.
4. The progressive environment in the company will give you boost.
5. A motivated employee can raise 1000 new customers, to keep employees motivated organize various activities in a timely manner.
DGM Security and Vigilance at Insud Pharma
6 年Very true speaking sir if all enterpreneur are thinking about employees as well as technology updation surely organisation growing forward
Manager HR - HRBP - Corporate HR - Talent management - engineering, Heavy manufacturing industry, FMCG Company. 14 years of experience.
6 年Sir, agree.... eye opener for small organization and very much needed to implement....
Patient Safety is a priority
6 年Very good summary of the ground rules for someone aspiring to be an entrepreneur. Life skills which are not in the books.
Expertise in business development, leadership, sales & marketing, branding & identity, prospecting & relationship building, and vendor management
6 年Thank you Bhavesh Bhai for your help and guidance it helps company to improve not only revenue but employees’s engagement and dedication towards the company and it help us to achieve our target and goal.