Finance - working capital - how to get
When to exit a business
How to handle debt
How to grow your business
How to scale up - Is your business scalable
Where to advertise for your business
How to promote your business
Is your business model right
Will you be able to reach a Million Dollar mark with your present business.
How to run your business
How much expenses should you make
Is the product mix right for your business
Whom to hire and fire and when
Systems and softwares your business can afford
Website management - how should your website look and contain
Tie ups and Collaborations
how to get profitable
Actions I’ve taken so far
Tried working on getting Affiliates
Trying to develop new Vendors
Making changes in our website to make it more customer friendly.
Social media promotions and posts
Trying to be economical in pricing
My future goals
Looking forward to get profitable and then scale up and start atleast 5 new stores in our city and different cities in India by 2022.
My motivations to work with a mentor
I have been looking for a Mentor for many years now as I have been struggling with all the above mentioned points. I have figured out the skills I lack and so am looking forward to a Mentor to show me how to get past these hurdles. My problem has been the implementation part. Keep getting a lot of ideas but am never able to implement them. So I am very desperate to be guided.
About my venture
We have been into the furniture business for last 20years. We have a retail store and also have two franchisees. Our products are mostly high end. We are mainly into customisations and sell teakwood carved furniture. We also have a range of economical solid furniture which was re -started 3 years back.
We used to sell a lot through trade shows / exhibitions all over the country, which has reduced considerably now due to many competitors coming up, who are doing those exhibitions now.
Countries of operation:
United States of America