SME's SHARE to WIN - Improve your Bottom-line & Profits

An Enterprise existence is to Win and Sustain for achievement of their long-term Vision and benefit the Shareholders/Stakeholders. This post focuses to help in creating the mind-set and the underlying advantages. We see that there is no competition in the future. Only Collaboration and reaching-out to serve the unearthed potential of Business in market place.  Keeping this in mind this Blog covers the Potential of Shared Opportunities and Steps in Realizing the Potential Benefits.

SME's SHARE to WIN Process

SHARED OPPORTUNITIES:

We at Husys believe in Synergizing Human Potential for better business environment. Sharing is basically collaborating to create a common pool for assessing, acquiring, executing to build competitive business.  

The key influence is the Market Place for a business.  Based on the Market complexities and need a support system need to be in place to help.  Shared Models would help in achieving the goal of competitive advantage in many ways. By creating and executing the Share Model builds an ability to generate Profit and help in growth.  A business cycle for changing environment constantly invest back in market place for New Markets, Products and Services from time to time. Hence the cycle helps in a sustained Shared Model for Business Advantage.  

The following are some of the areas that the SME's can share a common platform by creating with support of other SME's.

The following need to not be clustered by Industry or Same location. The Sharing can be distributed and collaborated - Can use various Business to Internet to Product to Services approach for advantage.

- Shared Partnership : Create a common platform to partner with the various SME's to build a synergy. Invest your time and effort as business owner in partnering such opportunities. You may use some intermediaries/Institutes to support (like the foundation for MSME cluster at Delhi ) to bring productivity for your Time.

- Shared Negotiation : As a single business owner you have a limited power to negotiate with any vendor. You can negotiate the common pool of requirements - Raw material, Services, Products and many more which are common to a pool of SME's. Eg. Medical Insurance, Marketing services, Office Supplies etc.,

- Shared Cost : Create a common pool of purchase of products and services so that the distributed Cost would help you to keep your costs lower. Sharing the cost of development of resources within the region would help employability and where by decreasing the cost of training etc.,

- Shared Savings : You have the best advantage of negotiating at bulk/pool.  A Partner for sharing of Cost, Negotiation and costs would help you improve your sharing otherwise. These savings directly add to your bottom line.

- Shared Profits : More savings helps to you create a profitable business. This profitability of each individual SME would help increase the profits across the region/Industry.

- Shared Economic Growth for country : A healthy SME growth means the better products and services for the society and hence increase in the economic activity across. With 16 million registered SME's in India it can change the way the economy responds to the world crisis and make India self sustainable country. India's future is very bright and it is the shared responsibility of every Indian. Every SME owner helps in writing this Future growth story 2020 and beyond. The youngest and brightest nation in the world.

- Shared Community Development : The shared environment at SME's would help improving the employment and employability of India. The employability improves the chances to work for the SME's around. This would help in overall community development in and around every Industrial/Urban/Rural areas.

STEPS for EXECUTION:

Some of the Steps that you can Initiate to get this advantage is about creating a pooled environment for the SME companies who may be interested. 

Step - I : Invite like minded business owners and Business Accountable People (At least two-three people to take this initiative) who are willing to create this for a long-term benefit to their organisations.

Step - II: List the common things that are essential for better productivity and cost savings between the companies. These could be in terms of the normal purchases, Stationary, Health Related - Consulting Services, Recruiting, Technology  etc.,  (For Example : if all of them wanted to buy an ERP for improvising their efficiency, they could review and identify the vendor and negotiate at bulk - I am sure the companies could benefit from cost of software, implementation & customer service ).

Step - III : Identify a Resource who could be a commonly hired and create a space for such a Lab/Place for support (You could look at Business Institute to help you on this too - who would have capabilities of Internet, research and communication tools). Share the cost of the resources as a group.

Step-IV : Constantly list the areas of support and build the vendor list for consumption. Constantly negotiate for best of the facilities/products/services. 

Step V: Review at regular frequency as a team and the benefits each of them enjoying and create a vision for future.

* Word of Caution : Don't make yourself like any Associations/Institutes to avoid any Power Business.

The above activity may involve some amount of time in the initial stages. It would be very little time once you build a model and running successfully.

This could be a business model for aspiring Entrepreneurs so why waiting.....