Yess overview short
- 1. Yagna Entrepreneur Success Service LLP Moving the Indian economy from Third World to First!
- 2. Higher productivity = Prosperity Third World First World
- 3. Entities in Indian Economy Established Large Enterprises – Low number + High Value Start-ups, Micro & Small Entities High number + Low Value Opportunity = Existing, > 10 years > 25 Crs, Owner Managed, Aspiring to Grow Big 10 Consulting Firms Target these
- 4. ▪ SME’s account for >50% of Manufacturing output in India. ▪ Many start-ups come into existence but their survival rate is dismal. ▪ 20% survive after 5 years and only 4% after 10 Years ▪ Only a small fraction develop into the high-growth firms which make important contributions to job creation. ▪ Such high mortality results in wastage of scarce resources and reduces productivity of economy as a whole. The Market Problem
- 5. ▪ An SME owner usually has to wear many hats -- CEO, accountant, human resources manager, purchasing manager, financial officer ▪ In most of these fields she lacks adequate management skills ▪ This usually results in a number of mistakes, including poor time management, inadequate record keeping and financial controls, pricing mistakes, faulty hiring, and so on. A known fact!
- 6. SME Owners spend considerable time in fire- fighting SME Owner is hard pressed to spend time on planning for the future or implement robust systems Resources and opportunities are wasted SME struggles to make ends meet. Profits are negligible. SME finds it difficult to attract and retain talent Sustaining any improvement initiative to its logical conclusion is difficult SME owners are stuck in a vicious cycle
- 7. SME Entrepreneur’s Dilemma A: Do well now as well as in future C: Build for Future B: Protect the current status D’: Focus on new initiatives D: Focus on day to day fire-fighting In order to have A, we must have B In order to have B, we must have D In order to have C, we must have D’In order to have A, we must have C Objective Need Need Want Want
- 8. An ideal solution would be A: Do well now as well as in future C: Build for Future B: Protect the current status In order to have A, we must have B In order to have A, we must have C Objective Need Need • The current investment and employees deliver far more than earlier • The cost of the new initiatives is derived from additional income • The solutions implemented are stable. • A Decisive Competitive Edge is created which ensures future revenues
- 9. Each enterprise is a puzzle to be solved Owner Entrepreneur Consulting Entrepreneur
- 11. Theory of Constraints Is there a smart way to get better results with minimum efforts?
- 12. Maximizing flow – 6 Minutes Video 12 https://youtu.be/mWh0cSsNmGY
- 13. YAGNA – A Professional Cooperative Awareness Assessment Adoption
- 14. Identified poorly addressed significant need of the market Build capability to deliver to the significant need better than the competition Capitalize on the unique capability to generate higher throughput. People – Involvement through Measures People – Involvement through Measures ITSolutions ITSolutions Sustain the increased flow by managing capacity enhancement smoothly. 1 2 4 3
- 15. Backup Slides
- 16. ▪ India can become prosperous by improving productivity. ▪ Most of the current investment of money and talent is being poured into new businesses – startups – inherently dicey as far as productivity improvement goes. ▪ Large corporates have their own inertia and diminishing marginal utility for productivity improvement. ▪ Medium sized owner managed businesses are neither SMALL nor BIG but have key to wealth creation Unaddressed elephant in the room in Indian Context
- 17. INTERESTED? If you’re excited by Yagna’s revolutionary way of business and wish to seek partnership with Yagna Resultants, do get in touch with us at: YAGNA ENTREPRENEUR SUCCESS SERVICES LLP. C-6/2, GERA’S EMERALD CITY, SITE NO.66, BANER, PUNE – 411 045 Tel: +91 99220 02351 www.yagnaworld.com