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Before you decide to do your MBA, one of the important things you must think about are your post-MBA goals. You must be clear about why you are pursuing your management course in a specific discipline. Some vital factors to be considered before you decide to do your MBA are: ranking of the college, curriculum, placement record, and the return on investment.
Before you decide to do your MBA, one of the important things you must think about are your post-MBA goals
What Is The Goods & Services Tax And How Is It Going To Influence Business Entrepreneurs?
India is on the road towards transforming itself into a self-sustained global power in every facet. From introducing new policies in developing the infrastructure, to releasing new funds and grants towards the agricultural sector, the government is working towards bringing a phase shift in how things work. In this quest to work towards greater developments, the Rajya Sabha on the 8th of August, 2016 had cleared a constitutional amendment to implement the Goods and Services Tax (GST) in the country. Perhaps, the most significant and crucial economic reform in the country's history; the implementation of GST is bound to affect all of us.
The present tax system of the country has its powers divided between the centre and the respective state governments. Both the governments have their respective areas where they can levy their taxes. In simple terms, the taxes levied on the provision of services or manufacture of goods come under the central government, and the taxes levied on consumption fall under the taxes levied by the state government. Though India is united politically, it is splintered economically. With multiple taxes being imposed by each and every state, the costs of products are bound to shoot up, making it increasingly difficult for businessmen to carry out their businesses with ease.
Will GST help?
The Goods and Services Tax (GST) is focused on removing the tax barriers for the businessman and the consumers by creating a single market. The single market will help buyers pay just one penultimate tax rather than paying hidden taxes which indirectly contributed to the price of the product. Considering all these aspects, buyers across the country will find it reasonable to pay a tax of 20% than paying hidden taxes. In short, the GST bill is bound to integrate the economic structure of the country, as it streamlines and consolidates the taxation process making it effectively simpler for everyone.
How will it help business entrepreneurs?
While the GST is bound to help the consumers in every aspect, here is a gist of how it could influence new business startup ideas by various business entrepreneurs.
Starting a new business would not be an onerous ordeal here on. The introduction of GST would eliminate all the cascading taxes one pays during the establishment of an organisation. By having a centralised registration process, the taxation process will be uniform, rid of all the complexity that increases at every state. The GST will also ensure the costs incurred in logistics reduces considerably, thanks to the ease in interstate movement of goods.
While the advantages of the GST are sizeable and considerable in every facet, not everything about the reform is a ray of hope for business entrepreneurs. The introduction of the GST brings about equal treatment for big corporates and existing startups, which going by the current business scenario, does not seem like an advantage for young business entrepreneurs. By implementing the GST, the tax exemption threshold for business units would see a significant reduction, ensuring that the startups falling under the reduced bracket would also have to pay the taxes. The removal of the safety net for the startup ecosystem might put young business entrepreneurs across the country under pressure.
However, business entrepreneurs who are looking at setting up new businesses in the sales & services sector would benefit from the introduction of the GST, considering how one need not pay two separate taxes. With calculations done in total by not distinguishing between sales & services, the implementation of GST will be extremely beneficial for businesses like restaurants among others.
What we deduced
The implementation GST is a revolutionary reform in the Indian economic scenario, where all the taxes are streamlined, making businesses more tax-compliant. The slightest alteration in the taxation process of a country like that of India will have a domino effect, influencing everyone from the top to the bottom. All business entrepreneurs must prepare for the changing tides and additional financial burdens that could be a result of the changing taxation patterns.
A Tech-based Startup That Will Help India Against Farmer Suicides & Vexed Agribusiness Sector
India is the country of farmers and agriculture! Well, every country has farmers and agriculture system, considering it is the main source of food for humankind. India however, is specifically an agricultural country because it is the backbone of our economy. Agriculture plays a vital role in supporting and stabilising the revenue streams of the country. India has all the 15 major climates of the world. We have around 52% of the total land that is cultivable as compared to the average of 11% in the rest of the countries. Indian agricultural system is as diversified as the variety of the product landscape we see in our day to day lives.
We are worldâs largest Milk manufacturers, 2nd largest Fruits & Vegetable growers and our livestock numbers totally dominate the rest of the world at a whopping count of nearly 300 million cattle & buffaloes. Indian Agribusiness market was recorded at $244.74 Billion in the financial year 2016 and the market size of agriculture and allied sector is rising at a recorded CAGR of 6.64%. We stay in an agrarian country in which around 70% of the total population depends directly or indirectly upon agriculture. All the facts and figures seem to depict a healthy and green Indian agriculture industry. Despite all so goody-goody statistics, we are facing problems like farmer suicides, bad crops, demand & supply gap to name a few. We are in a desperate need of a solution which can help the farmers and reestablish the harmony. Today Pick My Story has a tale to tell, the story of a young man from Solapur, Maharashtra who seem to be making strides in solving agribusiness problems.
Behold, Anil Lade!
A graduate of Symbiosis University in Pune and a resident of Sangola, Solapur, Anil comes from a family of farmers who own a pomegranate farm in the region. The agricultural background Anil belongs to pointed out the problems farmers face in their day-to-day lives. The realisation of that helped him in coming up with the technological solution, Marketyard, which is designed to help and revolutionise the agribusiness in India. When Pick My Story interviewed Anil about his venture, the 27-year-old young entrepreneur had some answers which were a true reflection of his passion for helping farmers.
What is Marketyard and how did it start?
Marketyard is an android-based mobile application which enables users to Buy-Sell-Rent âeverythingâ related to Agriculture using Classifieds! To put in simpler words, it is the amalgamation of Justdial and OLX business models which has the best of both! A few months ago I resigned from Indus Towers to work full-time on Marketyard. Me and two other Directors started Marketyard Agrisolutions Pvt. Ltd. after putting in countless efforts, hours and around 4 Lakhs on Marketing & Promoting the app. Through the entire process, we had an aligned vision of designing a farmer friendly product & building the brand âMarketyardâ!
What prompted you to come up with Marketyard?
I come from a family which massively depends on agriculture to earn its bread and butter. I have personally experienced that the farmers lose a lot of money because of the Dalaals in the wholesale markets as they block the valid price. As a result of that, despite all the hard work farmers do, they have no control over the price margin. Farmers have to depend on them because the middle-men bring business to the farmers. The more traders these Dalaals brought larger chunk of commission they took. It was a vicious cycle and I wanted to develop a solution which will break it.
So how does it work?
I wanted Marketyard to be an easily usable app for farmers so that they can readily get the required information on their finger tips. Keeping that in mind, we designed a very user-friendly UI through which all the stakeholder can get direct access to information posted by other users & they can fulfil their requirements by connecting with them. On top of that, we donât charge the user for using the platform at all. We are primarily targeting the young farmerâs group who use android based applications and have the capability to use the technology-based solutions for Agribusiness. As you can see in the video, our goal is to offer the users all agrisolutions on one platform.
Any Expansion Plans in Agribusiness Sector?
âWe aim to bring all Agriculture related stakeholders such as farmer, trader, retailer, transporters, etc. on a single Digital Platform, thereby eliminate the influence of commission agentsâ, said the young entrepreneur when we asked him about his plan, a couple of years down the line. Currently operating only in Maharashtra, the platform shows a promise of huge potential to grow. Marketyard is aiming forward to a Pan-India expansion in the near future, and for that, they are looking for external funding to accelerate Marketyard.
Considering the emerging concern of food deficit, lack of agro market research coupled with the sub-par quality & reach of credit flow, a technology based solution for agribusiness industry seems to be the need of the hour. If farmers are to get a fair price for their yield and traders are to be able to directly contact the farmers, we need a system that will not only bridge the communication gap but also heal the bleeding economic funnel in agribusiness sector in India.Thanks to Anilâs âMarketyardâ, the farmers, traders and retailers can directly âBuy-Sell-Rentâ agricultural and livestock necessities. Consider Marketyard as a digital middleman with no bugs, no commission charges, no Dadagiri and a state of the art service.
Pick My Story believes that Anil Ladeâs Marketyard will give the Indian agribusiness the boost it needs and we would love to know if you think so too. Install the application from Google Play Store and let us know either by dropping a comment down there or sending us a message on Facebook. Stay tuned and we will soon be here with some new stories on new business startup ideas!
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Young Entrepreneurs, Here Are 3 Tricks You Must Remember!
A lot of ifs and buts are bound to pop up on the way when young entrepreneurs launch their startups. While most of the questions require guidance and help in one form or the other, young entrepreneurs must adhere to some basic rules before embarking on the journey.
With our blog, we aim at helping young entrepreneurs choose the right path in their journey, and with this post here, we are discussing the three tricks that young entrepreneurs must master before diving into the deep ocean of brands and startups:
1. Not Every Investor Adds Value
Young entrepreneurs must ensure that the investors they get on board add value to the organisation. More than often, young entrepreneurs get carried away with the size of cheques brought by the investors, and ignore their knowledge. Entrepreneurs must look for someone with technical expertise, who can mentor and steer the idea in the right direction.
2. Learn The Nuances
Young entrepreneurs generally concentrate more on the product or the service than concentrating on the basics of policies, taxation, funding and operations. Starting an organisation is not a piece of cake and as the founder, it is of utmost importance to pay attention towards the nuances as well.
3. Bootstrapping Stage Is Crucial
In this dynamic market, investors and angel funders are interested in organisations that show considerable promise in the bootstrapped stage. To initiate negotiations, young entrepreneurs must perform considerably well in the initial stages to draw the eyeballs of the investors along with seeing their viability and feasibility of the idea in practical circumstances.
While tricks and steps could guide young entrepreneurs towards the path of success, it all boils down to how quickly one adapts to the changing environment in the startup ecosystem. If you happen to know more tricks that fellow entrepreneurs must follow, ping us at [email protected].
An opportunity to learn from the best in the industry is a sheer bliss. Our world is very much past the days when people used to complete their graduation, get a job, and progress in it on the basis of experience and acquired skills.
An opportunity to learn from the best in the industry is a sheer bliss. Our world is very much past the days when people used to complete their graduation, get a job, and progress in it on the basis of experience and acquired skills. In the present day, world demands exceptional adeptness and competitiveness among candidates along with thorough knowledge and additional skills at the fresher level. It is one of the prime reasons why Executive MBA is so much in trend. In lieu, Symbiosis International University has been offering a 30-months Executive MBA program in Pune where one can learn best industry leading skills and get ahead in competition from others. Additionally, it is offering the chance to even those who wish to pursue MBA in telecom management.
SITM i.e. Symbiosis Institute of Telecom Management is one of the pioneer business institutes in India that holds a high reputation for producing finance and marketing protégés in the country. Pune , with the step-in of IT industry and several other sectors has rapidly transformed into a tier-one town. The arrival of highest level IT professionals in this industry  increased the need for Executive MBA here which was successfully fulfilled by Symbiosis.
Executive MBA at Symbiosis is a dream opportunity for every professional who wishes to give a kick start to his or her career. For a lot of people, their job curve becomes flat or downwards after a point of time due to monotony and stagnation. Symbiosis is a place that can turn this halt into the most interesting extension to your career graph. The level of exposure and education imparted here can take any professionalâs skills and personality to a new height. The institute is epitome of business education and exposure across the nation and South-Asia.
Students who enter the premises settle down with the motto of âOnce a Symbian, always a Symbianâ for a lifetime. The college has a very closely knit alumni network and most pass outs are known entrepreneurs and leaders in the corporate world. Symbiosis happens to be one of the most premium and honored management institutes of India that can nourish budding professionals into aggressive and ambitious leaders. Any student who wishes to acquire an E-MBA degree must consider this college and miss no chance to get an entry here. You can always visit the site for admission details and Executive MBA fees specifics.
Having the perfect environment for strengthening one's mindset to become a professional is the aim of an individual.
Having the perfect environment for strengthening one's mindset to become a professional is the aim of an individual. While attaining professional success is of utmost importance, one must also aim at developing a great concern towards the society, which can then help the individual transform into a professional of global excellence. If one has to look for an educational institute that provides an impeccable ambiance for growth, it has to be the Acharya college of Management Studies, Bangalore. Profoundly known as the AIMS Institutes, the serene campus is the home for few of the most disciplined students of the country who wish to bring a shift in phase to the present society. Keeping in mind the importance of assimilation, AIMS Institutes has consistently put in its efforts to create a strong multi-dimensional academic institution in Bangalore. Established in 1994 by a group of reputed philanthropists and educationalists to provide quality education and expand the teaching horizons, AIMS Institute also aims at developing the students' interpersonal and intrapersonal skills. With this approach, AIMS Institutes has infused confidence into their students to excel academically, professionally and personally. Since its inception 23 years ago, AIMS has made its presence felt with numerous accreditations and rankings as one of the best private institutions in the country. Along the same, one can see that AIMS B-Schools have consistently been ranked among the top 1% of the B-Schools in India. The institution has also amalgamated technology into its numerous courses, like the Bachelors in Journalism, to give the students a better understanding of the field and its role in the present environment. As the first step in the initiative, AIMS Institutes has provided its students with Apple iPads to integrate technology into every aspect of its teaching pedagogy. With the optimum surroundings for honing the student's academic excellence and developing their skills, AIMS Institutes has always focused on nurturing its individuals to face challenges in the highly competitive professional world. Thanks to this, the institute has a strong and successful base of alumni that helps the students in acquiring the right skills to take up the dynamic challenges in the industry. By having a single pointed focus on catering to the student's needs, AIMS Institutes has ensured that each of their students' goals is realized. It is also noteworthy to mention that the placement cell at AIMS Institutes has worked relentlessly to ensure excellent placement results are achieved every year. With the aforementioned efforts, students have found themselves landing a job at some of the premier organizations in India and overseas. Thanks to the above facets, AIMS Institutes is on its way to becoming the most sought after educational institution in India.
Having the perfect environment for strengthening one's mindset to become a professional is the aim of an individual.
Having the perfect environment for strengthening one's mindset to become a professional is the aim of an individual. While attaining professional success is of utmost importance, one must also aim at developing a great concern towards the society, which can then help the individual transform into a professional of global excellence. If one has to look for an educational institute that provides an impeccable ambiance for growth, it has to be the Acharya college of Management Studies, Bangalore. Profoundly known as the AIMS Institutes, the serene campus is the home for few of the most disciplined students of the country who wish to bring a shift in phase to the present society.
Keeping in mind the importance of assimilation, AIMS Institutes has consistently put in its efforts to create a strong multi-dimensional academic institution in Bangalore. Established in 1994 by a group of reputed philanthropists and educationalists to provide quality education and expand the teaching horizons, AIMS Institute also aims at developing the students' interpersonal and intrapersonal skills. With this approach, AIMS Institutes has infused confidence into their students to excel academically, professionally and personally.
Since its inception 23 years ago, AIMS has made its presence felt with numerous accreditations and rankings as one of the best private institutions in the country. Along the same, one can see that AIMS B-Schools have consistently been ranked among the top 1% of the B-Schools in India. The institution has also amalgamated technology into its numerous courses, like the Bachelors in Journalism, to give the students a better understanding of the field and its role in the present environment. As the first step in the initiative, AIMS Institutes has provided its students with Apple iPads to integrate technology into every aspect of its teaching pedagogy.
With the optimum surroundings for honing the student's academic excellence and developing their skills, AIMS Institutes has always focused on nurturing its individuals to face challenges in the highly competitive professional world. Thanks to this, the institute has a strong and successful base of alumni that helps the students in acquiring the right skills to take up the dynamic challenges in the industry. By having a single pointed focus on catering to the student's needs, AIMS Institutes has ensured that each of their students' goals is realized. It is also noteworthy to mention that the placement cell at AIMS Institutes has worked relentlessly to ensure excellent placement results are achieved every year. With the aforementioned efforts, students have found themselves landing a job at some of the premier organizations in India and overseas. Thanks to the above facets, AIMS Institutes is on its way to becoming the most sought after educational institution in India.
Social Media â The word that has created a huge fan base in todayâs world. It wonât come as a surprise if you log into your account and find out that your driver or your security guard is on Facebook
Social Media â The word that has created a huge fan base in todayâs world. It wonât come as a surprise if you log into your account and find out that your driver or your security guard is on Facebook. Anyone you meet today definitely has some sort of social media presence. And if individuals are so active how could businesses not tap on this opportunity and create a social media presence for themselves?
Today it is very important to digitally market your business and for that a platform has already been created in the form of various social media sites. Now you must be thinking that there so many available options and which one should you choose? We make this easy for you.
The social media platform that has attracted millions of working professionals and thousands of businesses is LinkedIn. It is the third most used social media platform and the most popular among business professionals. Hence it becomes a great medium to boost your business. Wondering how? Here we give you 3 ways in which you can boost your business through LinkedIn.
Get Reach:
Through LinkedIn you get a better reach for your business. Make a company page on LinkedIn and there you go! Clients, investors and other businesses can now easily connect to you and because your business is online they wonât give it a thought when it comes to do business with you. Also through this you can provide more information about your products and services.
New Ideas and Discussions:
Join a group whose members are similar to you and see what discussions they have and still better participate in these discussions by giving your inputs. This will make your business known and also you can come in contact with people who are in the same business as yours. You can create your own group too and keep it open for discussions.
Recruitment:
And yes, the most essential thing that cannot be missed, LinkedIn has the profiles of thousands of individuals who have mentioned their degree and their qualifications. Rings a bell? Yes, you can recruit the best people for your business through it.
These were some ways in which you can boost your business through LinkedIn. So when are you making a LinkedIn profile for your business? Stay connected for more information.