Mindset to enhance productivity

In the last ten years, there has been a substantial increase in the number of people filing returns of annual income of more than Rs 50 lakh as compared to those filing ITR of up to Rs 20 lakh.

According to market experts, the demand for expensive, durable and high-quality products is constantly increasing in the Indian markets as compared to cheap or affordable products.

Above two news items, clearly indicate the direction of the Indian consumer.

If we try to understand this from the manufacture’s point of view, it seems that while some entrepreneurs are increasing their investment in production and marketing in an aggressive but planned manner, on the other hand, most entrepreneurs are being defensive and are busy in their day to day course of business.

Some basic reasons responsible for this is probably that such leading entrepreneurs make more capital investment while limiting their personal expenses. They spend more on those means and resources, which increase their productivity.

Trusting the team, while creating our own production and marketing team and is also an important deciding factor. Implementing collective decisions, by testing the advice of each team member, on the touchstone of practicality, also boosts the morale of the team and takes the organization forward.

From the beginning of the venture, till a certain time, it is necessary to run the created system carefully and smoothly and earn profit from it or reach the break-even point.

After the break-even point (where your revenue or turnover becomes equal to the total cost), every entrepreneur has to be aggressive by amargamating the latest technologies.

Suresh Bahety

9050800888

 👇 Please Note 👇

Thank you for reading our article!

If you don’t received industries updates, News & our daily articles

please Whatsapp your Wapp No. or V Card on 8278298592, your number will be added in our broadcasting list.