Starting with basics
Posted on October 10, 2007
It is undeniable that any company in this new era should think about embracing technology to operate efficiently. It could be as simple as having MS Word to type your invoices, or as complicated as having a Customer Relationship Management (CRM) system to keep track of leads, marketing and sales.
One of the biggest mistakes a company can make is swallowing it all up too soon. Sure its wonderful to have all those big automated systems which is “supposed” to help smoothen operations, but most of the time things get too big, too complicated. At the end, the technology becomes a white elephant. Money is wasted.
Start with basics:
1. An internet connection
2. PCs
3. Basic office software like word processors and spreadsheets
4. Email and a website
5. Telephones
As the business grows, it will be easy to identify where gaps are, and what can be improved. Bottom line, you should focus on your core competency - Your business.
» Filed Under General, Starting Up
Comments
4 Responses to “Starting with basics”
Leave a Reply
I would like to know whether this organisation have loan facilities(as advertised on TV) for those who have the ‘know how’ but due to some circumstances, do not have funds to start the business i.e registration, office rentals etc.
I’m not sure whether you have the right organisation or not. We have never advertised anything on TV.
But to answer your question, we do not provide loan facilities.
However from time to time, we will provide guidelines on how to finance your business with various financing institutions and also investors.
Our community is building up, so register yourself with us. Many among this community are avid business people, and are investors themselves.
Thank you for the answer.The ad on TV has a man speaking with a chinese-like intonation and talking about loans and revealing that this is not an Along but a government organisation. I used the web address given and that was how I got to this site.
I need your advice on the matter below:
My husband was the Managing Director of an established B-class construction company.It was a family owned company.His father, the director passed away without leaving any will or specific instruction as to what should be done with the company.Naturally my husband with the consent of the mother became the new director. However, he discovered that the company’s account had only 1000k.He did not know what had happened because a few months before his father’s death he was on sick leave and resting at home(heart attack followed by an angioplasti and bypass). As the new director he was called to submit several new tenders.Project is not a problem because as an established company, many organisations and ministries would select his company. The problem is, there isn’t any company fund to re-register the company as all money,personal and business, has been deposited into the mother’s account.Projects are waiting but as the company has not been reregistered for this year, nothing can be done. My question is, where can we get a loan or help to re-register the company and thus enable the company to be active again.
First you need to be clear how much finances were left at the time of death of your husband’s father. The accountant should know, or you could look up past quotations, invoices, receipts, etc.
Next, you need to clarify where the money went. Your husband being the director has the right to question the bank.
To convince any investors or financing, you must be clear of your history. If you don’t know what happened, how do you expect to convince financiers?