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SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
•• Knowledge Knowledge about the about the CampaignsCampaigns
•• Useful Business Practices for SMEsUseful Business Practices for SMEs
•• Opportunities available Opportunities available for us as for us as CAsCAs
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
•• MakeMake‐‐inin‐‐India, StartIndia, Start‐‐ups, …….ups, …….
–– Concepts Concepts (Awareness , Progress so far, The Need of the (Awareness , Progress so far, The Need of the Programs?)Programs?)
•• Broad SegmentsBroad Segments
–– SMESME
–– StartStart‐‐upsups
•• Role & Opportunities for CAsRole & Opportunities for CAs
–– ThreatsThreats
–– OpportunitiesOpportunities
•• PrePre‐‐requisites requisites for Programs for Programs successsuccess
–– Threats before SMEsThreats before SMEs
–– Useful Business Practices for Better ProfitsUseful Business Practices for Better ProfitsSSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
The Need for Learning & The Need for Learning & Giving BackGiving Back
CACA
DIRECT ACCESS TO CEO / OWNERSDIRECT ACCESS TO CEO / OWNERS
CAN BRING CHANGE IN ORGANISATION FOR BETTERCAN BRING CHANGE IN ORGANISATION FOR BETTER
KNOWS THE ENTIRE
BUSINESS / OPERATIONS
EXPERT KNOWLEDGEEXPERT KNOWLEDGE
• ACCOUNTING
• BUSINESS PROCESSES
• ASSURANCE
• COMPLIANCES
• FINANCE
IncreasingIncreasing
ShrinkingShrinking
ShrinkingShrinking
ASSURANCE SERVICES
Low Margins for Indian FirmsLow Margins for Indian Firms
Acc. StandardsAcc. Standards
More ResponsibilitiesMore Responsibilities
Risks (NFRA + Special Courts)Risks (NFRA + Special Courts)
DOCUMENTATION
COMPLIANCE OFFICER
CLIENT’SCLIENT’SOUROUR
Building PartnershipBuilding Partnership
MY GROWTH = CLIENT’S GROWTHMY GROWTH = CLIENT’S GROWTH
Mentors +
Professionals
Processes need to be built / reviewed / overhauled in SMEs / Start‐ups by CAs Remunerative Management Consultancy
Huge Trainer Opportunities with Govt. Huge Trainer Opportunities with Govt. CampaignsCampaigns
Questions?Questions?
Q1: Why should I look into business consultancy when the SME doesn’t value these services?
Q2: Is there a scope of hike in fees in traditional services?
Q3: I have never provided such services and I will work when demanded by the Client in Future
Is it the Right Approach?
Q4: Is it the Right Time?
Govt. CampaignsGovt. CampaignsCampaign Launch Date Target
Make‐in‐ India (MII) 25.09.2014 SME
Zero Defect Zero Effect (ZED) 15.08.2014 SME
Lean Mfg. Competitiveness Scheme (LMCS)
Year 2009 SME
E‐Biz Portal 19.02.2015 SME / Start‐up
Digital India 01.07.2015 Start‐up
“Skill India” Logo 16.07.2015 SME / Start‐up
Start‐up India 16.01.2016 Start‐up
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
Huge Data AvailabilityHuge Data AvailabilityCampaign Link
Make‐in‐ India (MII) www.makeinindia.com
Zero Defect Zero Effect (ZED) www.zed.org.in
Lean Mfg. Competitiveness Scheme (LMCS)
DCMSME / MSME / QCI / NPC
E‐Biz Portal www.ebiz.gov.in
Digital India www.digitalindia.gov.in
Skill India www.skilldevelopment.gov.in
Start‐up India ‐
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
What is MII?What is MII?
• Launch Date: 25.09.2014
• An initiative of the GOI to encourage multi‐national, as well as domestic, companies to manufacture their products in India
• Campaign was designed by Wieden + Kennedy (Associated with popular campaigns of Nike “Just
do it”, Coca‐cola, Honda, P&G, ESPN, Microsoft, etc.)
What is MII?What is MII?
AIMS
• Top destination globally for FDI, surpassing China as well as the US
• To focus on job creation and skill enhancement in 25 sectors of the economy
• Production at high quality standards and minimising the impact on the environment
• Job creation
• India ‐ Self‐reliant country & Global Recognition
25 Sectors25 Sectors
Automobiles Food Processing Renewable Energy
Automobile Components IT and BPM Roads & Highways
Aviation Leather Space
Biotechnology Media and Entertainment Textiles & Garments
Chemicals Mining Thermal Power
Construction Oil & Gas Tourism and Hospitality
DefenceMfg Pharmaceuticals Wellness
Electrical Machinery Ports and Shipping
Electronic Systems Railways
100% FDI is permitted in all the above sectors, except for space (74%), defence (49%) and news media (26%)
www.makeinindia.comwww.makeinindia.com
• Participation
– 2500 – International Companies
– 8000 – Domestic Companies
– 68 Countries – Foreign Government Delegations
– 72 Countries – Business Teams
– 17 – Indian States• Asper Mr. Amitabh Kant (DIPP Secretary)
– Investment commitments – INR 15.2 Lakh Cr. (US$ 220 billion)
– Investment inquiries ‐‐ INR 1.5 Lakh Cr. (US $22 billion).
– Maharashtra Investment Commitments – INR 8 Lakh Cr.(US$120 billion)
MakeMake‐‐in in India WeekIndia Week‐‐ 13 13 –– 20.02.16 20.02.16 –– MumbaiMumbai
Work so FarWork so Far
Part of MakePart of Make‐‐in Indiain India
• Ease of Doing Business
• ZED (Zero Defect Zero Effect)
• Skill India
• Ebiz Portal
• Lean Mfg. Competitiveness Scheme (LMCS)
Recalculated as 134
Ease of Doing BusinessEase of Doing BusinessRanking upgradation
Topics DB 2016 Rank DB 2015 Rank Change in Rank
Overall Ranking 130 134 +4
Starting a Business 155 164 +9
Dealing with Construction Permits 183 184 +1
Getting Electricity 70 99 +29
Registering Property 138 138 No change
Getting Credit 42 36 ‐6
Protecting Minority Investors 8 8 No change
Paying Taxes 157 156 ‐1
Trading Across Borders 133 133 No change
Enforcing Contracts 178 178 No change
Resolving Insolvency 136 136 No change
Source: www.doingbusiness.org SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
Target: Top 50
Principles of Ease of Doing Business
• Convert from manual to online
• Eliminate touch points with applicants
• Prepare checklists, adhere to them
• Prepare timelines, punish delays
• Share information across platforms
• Eliminate unnecessary steps and requirements
• Promote self‐compliance, self‐certification
16 Punjab 36.73%
State – wise Ranking
Source: Assessment of State Implementation of Business Reforms, September 2015 published by DIPP
DIPP InitiativesDIPP Initiatives
• Constitution of 11 members ‐ Expert Committee under DIPP (06.04.2015)
– Business Reform Action Plan for States/UTs Implementation Guide for States (Dec, 2015)
– Recommendation to States (340 Final Points)
– Largely State Subjects
1. Access to Information and Transparency Enablers 2a. Single Window2b. Online Single Window System3a. Availability of land3b. Land Allotment 3c. Property Registration ‐ Enablers 3d. Property Registration 4a. Construction Permit Enablers 4b. Building Plan Approval 4c. NOC for tree felling from Tree Authority/ Appropriate
Authority (prior to commencement of construction activities)
4d. NOC for Fire Department (prior to commencement of construction activities)
5a. Environmental Registration Enablers 5b. Consent to Establish under Water (Prevention and Control
of Pollution) Act, 19745d. Authorization under Hazardous Waste (Management and
Handling) Rules, 1989 5e. Consent to Operate under Water (Prevention and Control
of Pollution) Act, 1974 5f. Consent to Operate under Air (Prevention and Control of
Pollution) Act, 19816a. Labour Regulation Enablers6b. Registration and grant of license under The Factories Act,
19486c. Approval of plan and permission to construct/extend/or
take into use any building as a factory under the Factories Act, 1948
6d. License under The Indian Boilers Act, 1923
6e. License for contractors under provision of The Contracts Labour (Regulation and Abolition) Act, 1970
6f. Registration under The Shops and Establishment Act6g. Registration of principal employer's establishment under
provision of The Contracts Labour (Regulation and Abolition) Act, 1970
6h. Registration under The Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996
6i. Renewal of license under The Factories Act, 1948 6j. Renewal of license under The Indian Boilers Act, 1923 6k. Renewal of license for contractors under provision of The
Contracts Labour (Regulation and Abolition) Act, 1970 6l. Renewal under The Shops and Establishment Act7a. Obtaining Electricity Connection 7b. Obtaining water connection
8a. Online tax return filing 8b. Online tax payment8c. Tax enablers 8d. Registration for Value Added Tax (VAT)8e. Registration for Central Sales Tax (CST) 8f. Registration for Professional Tax 8g. Registration for Entry Tax8h. Registration for Entertainment Tax 8i. Registration for Luxury Tax 9a. Inspection reform enablers 9b. Inspection of the business premises for VAT (Value
Added Tax) registration 9c. Inspection by Building Proposal Office/ relevant
agency as part of obtaining construction permit
9d. Inspection by Appropriate Authority for felling trees (prior to commencement of construction activities)
9e. Inspection by Building Proposal Office/ relevant agency as part of obtaining occupancy certificate
9f. Compliance Inspections under The Equal Remuneration Act, 1976
9g. Compliance Inspections under The Factories Act, 1948 9h. Compliance Inspection under The Minimum Wages Act,
1948 9i. Compliance Inspection under The Shops and
Establishments Act (as applicable9j. Compliance Inspection under The Payment of Bonus Act,
19659k. Compliance Inspection under The Payment of Wages Act,
1936
9l. Compliance Inspection under The Payment of Gratuity Act, 1972
9m. Compliance Inspection under The Contract Labour (Regulation and Abolition) Act, 1970
9n. Compliance Inspection under The Water (Prevention & Control of Pollution) Act, 1974
9o. Compliance Inspection under The Air (Prevention and Control of Pollution) Act, 1981
10a. Commercial Dispute Resolution Enablers10b. Paper‐less Courts
Implementations so farImplementations so far
• Industrial Licence (IL) + Industrial Entrepreneur Memorandum (IEM) Online Ebiz (24X7) + Simplified Application Forms
• Industrial Licence: Validity period: 2 yrs 3 yrs
• Security clearances on IL applications by MHA within 12 weeks
• 29 Services Linked on Ebiz portal
• Limiting documents for Export & Import 3
• …….
Implementations so farImplementations so far
Companies Act, 2013
• Integrated process of incorporation of a company (INC‐29)
• Companies (Amendment) Act, 2015
• Notifications‐ 05.06.2015 (Exemptions to Pvt. Ltd. Cos.; Govt. Cos.)
Implementations so farImplementations so far
Income‐tax• Budget, 2016• Appeal and Cross‐Objections before ITAT & HC – revision
in limit (Dec, 15)• Online Application before CIT (Not. 11/2016 dt. 01.03.16)• E‐Assessments (Reduction of interface)• Mandatory passing of 154 Notice (Instruction 2/2016 dt.
15.02.16)• Timeline for verification of Sec. 245 demand and issue of
refunds (30 D 15 D) (Office Memorandum‐07.03.2016)• Taxability of surplus on sale of shares and securities ‐
Capital Gains or Business Income – (Circular 6/2016‐29.02.16)
• Requirement of CA Certificate (Not.93/2015 dt.16.12.15)
• Sec. 80JJAA
Implementations so farImplementations so far
Income‐tax – Sec 80 JJAA• 30% of additional wages paid to new regular workmen in a factory for 3 years
• Budget 2016
– Min. days of Employment: 300 Days 240 days
– 10% increase in number of employees deleted
– First year of business: NA 30 % on all Salary
– …….
vs.
Implementations so farImplementations so far
Customs & Excise (Budget, 2016)• Changes in customs and excise duty rates on certain inputs, raw materials, intermediaries and components and certain other goods in sectors – Information technology hardware, – capital goods, – defence production, – textiles, – mineral fuels & mineral oils, – chemicals & petrochemicals, – paper, – paperboard & newsprint, – Maintenance repair and overhauling [MRO] of aircrafts and ship repair
Country’s Brand StatusCountry’s Brand Status
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
More InformationMore Information
• //dipp.nic.in
• www.EBIZ.gov.in
ZEDZED• MSMEs contribute nearly 8% to the country's GDP, 45% to manufacturing output and 40% to exports.
• India has close to 35 million MSMEs with 95% employing less than 10 people. The rest 5% employs 10 to 100 people.
• Model to rate and handhold 1 million SMEs over the next 3 ‐ 5years to deliver top quality products using clean technology
•• VisionVisionTo enable the advancement of Indian industry to a position of eminence in the global marketplace and leverage India’s emergence as the world’s supplier through the ‘Made in India’ mark.
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
ZED ZED ‐‐ MissionMission
To develop and implement a ‘ZED’ culture in India based on the principles of:
• Zero Defect (focus on customer)– Zero non‐conformance/non‐compliance
– Zero waste
• Zero Effect (focus on society)– Zero air pollution/liquid discharge (ZLD)/solid waste
– Zero wastage of natural resources
www.zed.org.in/mission.php
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
ZED ZED ‐‐ BenefitsBenefits
• Credible recognition of the industry for international customers seeking investment in India
• Streamlined operations and lower costs• Superior quality, reduced rejection and higher revenues
• Increased environmental & social benefits• Additional employment generation• Other benefits as announced by the Government from time to time
SAR & ASSOCIATES, Chartered AccountantsSAR & ASSOCIATES, Chartered Accountants
More InformationMore Information
www.zed.org.in
Competitiveness Scheme (LMCS)
Features Features ‐‐ LMCSLMCS
Competitiveness Scheme (LMCS)
More InformationMore Information
Competitiveness Scheme (LMCS)
Skill IndiaSkill India
• “Skill India Logo” launched by PM on 16.07.2015
• Aim to train over 40 Cr. people in India in different skills by 2022
• Initiatives include – National Skill Development Mission
– National Policy for Skill Development and Entrepreneurship 2015,
– PradhanMantri Kaushal Vikas Yojana (PMKVY) scheme; and
– Skill Loan scheme
SSSAR & ASSOCIATES, Chartered AccountantsSAR & ASSOCIATES, Chartered Accountants
Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Features
• Standards
• Direct Fund Transfer
• Demand‐drive targets
• Target aligned to national flagship programmes and regions
• Supply side perspective in target fixation
• Recognition of prior learning (RPL)
• Variable amount of monetary reward
www.skilldevelopment.gov.in/pmkvy.html
www.pmkvyofficial.org
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Features
• Robust regime for registration of training providers
• Focussed awareness building and mobilisation activities
• Improved curricula, better pedagogy and trained instructors
• Enhanced monitoring• Mentorship support• Evaluation• Grievance redressal
www.skilldevelopment.gov.in/pmkvy.html
Process ManualProcess Manual
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
Research reports from KPMG
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
SSSAR & ASSOCIATES, Chartered AccountantsSAR & ASSOCIATES, Chartered Accountants
SKILL INDIA Benefits
As on 15 February 2016• the Indian Leather Development Programme
– Trained ‐51,216 youth in the past 100 days (Plan‐1,44,000 annually)
• Four new branches of Footwear Design & Development Institute —at Hyderabad, Patna, Banur (Punjab) and Ankleshwar (Gujarat) — are being set up to improve training infrastructure– The industry undergoing acute skill shortage and most of the people trained are being absorbed by the industry
Source: en.wikipedia.org/wiki/Skill_India
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
SKILL INDIA Benefits
UDAAN• Special Industry Initiative for J&K to provide skills training
and enhance the employability of unemployed youth of J&K
• As on 10.07.2015
Source: www.skilldevelopment.gov.in/udaan.html
Milestones Figures
Youth who have joined Udaan training programs till date 10,555
Placement Offers Made 4,984
Cumulative Corporates successfully partnered with Udaan 74
Cumulative commitment for 5 years 94,300
Udaan selection drives conducted till date 585
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
Scheme of Entrepreneurship DevelopmentFeatures
• Educate and equip potential and early stage entrepreneurs across India
• Connect entrepreneurs to peers, mentors, incubators
• Support entrepreneurs through Entrepreneurship Hubs (E‐Hubs)
• Catalyse a culture shift to encourage entrepreneurship
• Encourage entrepreneurship among underrepresented groups
• Promote Entrepreneurship amongst Women
• Foster social entrepreneurship and grassroots innovations
Source: www.skilldevelopment.gov.inSSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
StartStart‐‐upup
• Launched 16.01.2016
• Encourage entrepreneurship.
• India across the world as a start‐up hub.
• 5 lakh schools to target 10 lakh children for innovation programme
• MUDRA Loan (Shishu; Kishore; Tarun) (www.murda.org.in)
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
DIPP Notification – 17.02.206
• Not a Start‐up?– entity formed by splitting up or reconstruction of a business already in existence
– Turnover > Rs.25 Cr. OR after 5 years
• For recognition as Start‐up– to obtain a certificate of an eligible business from the Inter‐Ministerial Board of Certification consisting of:
• Joint Secretary, Department of Industrial Policy and Promotion,
• Representative of Department of Science and Technology, and
• Representative of Department of Biotechnology
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
DIPP Notification – 17.02.206
© SSAR & ASSOCIATES, Chartered Accountants© SSAR & ASSOCIATES, Chartered Accountants
DIPP Notification – 17.02.206
© SSAR & ASSOCIATES, Chartered Accountants© SSAR & ASSOCIATES, Chartered Accountants
DIPP Notification – 17.02.206
DIPP Notification – 17.02.206
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
DIPP Notification – 17.02.206
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
DIPP Notification – 17.02.206
Tax deduction @ 100% of Profits for the 3 of first 5 years of Profits
(Sec. 80‐IAC)
Exemption of LTCG on investment into eligible start‐up
Reduction in Corporate Tax
Extension of tax holiday benefit for SEZs commencing activity before
Mar 31, 2020
Ease of Registration
Hub for SC/ST & Women Entrepreneurs
Deduction in respect of employment of new employees
[Section 80 JJAA]
Taxation of Income from Patents [Section 115BBF]
Others
Research reports from KPMG
© SSAR & ASSOCIATES, Chartered Accountants© SSAR & ASSOCIATES, Chartered Accountants
PassPass‐‐outs vs. Placementsouts vs. Placements
• No Job for 20‐33% out of the 1.5 million engineering graduates passing out every year run (http://dazeinfo.com)
• 65 per cent passed students are jobless ‐Campus Preparedness Survey 2015(Source: http://liveonindia.com)
• 34% employable (Survey of 1,00,000 candidates across India) – India Skills Report ‐ 3rd CII National Conference on Skill Development
INDIA INDIA (Before General Election, 2014)(Before General Election, 2014)
Global ShareGlobal Share
Brand IndiaBrand India
• Rich Heritage
• Strong Cultural Diversity
• Huge Customer Base
• Youth Population
Indians AbroadIndians Abroad• 15% of startups in Silicon Valley being founded by Indians (2014 study by Professor VivekWadhwa)
• Sundar Pichai, CEO, Google• Satya Nadella, CEO, Microsoft• Vinod Khosla, Co‐founder, Sun Microsystems• Rashmi Sinha, Co‐founder, SlideShare• Shantanu Narayen, CEO, Adobe• Indra Nooyi, CEO, Pepsico• Srikanth ‘Sri’ Srinivasan, Judge for the US Court of Appeals for the District of Columbia Circuit (17.02.2016)
• The Most Innovative and Economical Method to accomplish the desired task by unusual / unimaginative means & ways
• Juggad + Quality Processes need to be promoted though Start‐ups and spread Globally
CHALLENGES BEFORE SMEsCHALLENGES BEFORE SMEs
Become a GUIDE to CEO
Become a COACH to CEO
Department / Functions Invisible Elements Live Wires Extended Team
OrganisationStructure
Production Vacuum / Demand
Leadership Computer‐isation
Customers
Marketing Store Branding New Market MIS Suppliers
Purchase Compliance Strategy Product Pricing Communication
Accounts Treasury CSR Risk Mgt. Budgets
Finance Quality Quality (Value) Fixed Asst. Mgt.
Investment Training KPIs/ Dashboards
Product Strategy
Personnel Public Relations
Document‐ation
Crisis Mgt.
R&D Audit Personal Life Asset & Data Security
Administration Packaging & Labeling
Logistics PR
SSAR & ASSOCIATES, Chartered accountantsSSAR & ASSOCIATES, Chartered accountantsGrow More …. Grow FasterGrow More …. Grow Faster
• No Organisation can work without Team unless Fully Automated
• Machines don’t create Life BUT People DO in an Organisation
• Primary Difference between Winning & Losing Team is LEVEL OF MOTIVATION “Chak De” creates WONDERS UNEXPECTED gets created
• REPLICATION OF PERFECTION is the need of hour
• Expansion can HAPPEN with IN‐HOUSE BATTERY OF LEADERS
• Team needs to be NURTURED
SSAR & ASSOCIATES, Chartered accountantsSSAR & ASSOCIATES, Chartered accountantsGrow More …. Grow FasterGrow More …. Grow Faster
• Hire People with Quality Attitude
• Constantly Identify Leaders for managing Depts / Responsibilities
• Alignment of Personal & Departmental Goals with OrganisationGoals by Constant Reinforcement
• Culture of Internal Competition (Regular Appraisals, Appreciation, Recognition, Rewards …..)
• Regular Training & Cross Skill ‐Training
• Capture Feedback & Complaints (Implement or Resolve)
• Define “Job Description” bring Clarity of Job Profile
SSAR & ASSOCIATES, Chartered accountantsSSAR & ASSOCIATES, Chartered accountantsGrow More …. Grow FasterGrow More …. Grow Faster
• No Customer = No Profit = No‐Business
• Average business doesn’t hear from 96% of unhappy customers
• For every 1 complaint received, there are 24 people with unvoiced problems, 6 of which are serious
• >= 90% who are dissatisfied with the service they receive will not buy again or come back
• Of those who complain, 50% ‐ 70% will do business again if complaint is resolved. 95% will return if resolved quickly.
• Average customer with a complaint tells 9 to 10 people, 13% tell more than 20 people.
• Those who have complained and had resolution tell 5 people
Keep ears on the Ground and Listen
ENTIRE WORLD AVAILABLEArbitrage options ALWAYS EXIST
FLOWFLOW
Batch Vs. Single piece
What Stops
How Frequently SME checksHow Frequently SME checks
•• Balance Sheet Balance Sheet (Where funds got stuck?)(Where funds got stuck?)
•• P&L P&L (Whether Profit or Loss ?)(Whether Profit or Loss ?)
•• ReceivablesReceivables
Monthly / Quarterly / HalfMonthly / Quarterly / Half‐‐yearly / yearly /
Yearly ???Yearly ???
• To Analyse Each Expense‐Head and Identify its Cost Drivers.
• Enquire whether they can be Optimisedto Improve the End‐Benefits (Cost‐Benefit Analysis)
• Define Routines (Daily / Weekly /……..)
• Ensure that they are carried out and become Habbits.
• Actions ONLY create Reality.
DEFINEDEFINE
• TOOLS ARE MANY …….
• LOT OF IMPROVEMENT THEORIES (Lean, Six Sigma, TOC, ISO ….)
• THE FOCUS IS ON BUSINESS IMPROVEMENT:– Cost Optimisation alongwith
– Revenue Maximisation
&
SUCCEED
उित्तष्ठतउित्तष्ठत:: जामतजामत:: ूाप्यूाप्य:: वरािन्नबोधतवरािन्नबोधत::
AriseArise! Awake! Approach the great and ! Awake! Approach the great and learn.learn.
THANK YOUTHANK YOU
SANDEEP GARG, FCA, ICWASANDEEP GARG, FCA, ICWAS S SS A R & ASSOCIATESA R & ASSOCIATES
Ph: (011) Ph: (011) 6596091265960912‐‐13, 981002050813, [email protected]@ssarca.com
www.ssarca.comwww.ssarca.com
www.revitalisedprocesses.comwww.revitalisedprocesses.com