Showing posts with label New Business Actions. Show all posts
Showing posts with label New Business Actions. Show all posts

Tuesday, April 15, 2008

new business partnership with Anil Kaicker (My CA)

I have been facing problems in my business and sales are not growing for last 2 years. In fact last year sales dropped by around 30%. While my customers are happy with the products, I have not been able to scale up.

Mr Raghunandan, CEO of incubator where I spent three years, advised me to have a mentor or a partner with financial and/or management background. However I never understood the importance of it and never bothered to look for a mentor or ask for financial/management advise.

I shared my financial problems with everyone including my CA. Recently on April 10,2008 when I shared with him that I am working on solar based projects, he also expressed his interest in the solar based products.   He proposed starting a new partnership firm for solar based products.

I agreed for it immediately. Things moved at hectic speed. He bought stamp paper, got a partnership deed made. We sat down and and signed it on April 14th.

Today on April 15th,2008, we met again along with a prospective reseller. I demonstrated a sample of the unit to him and to prospective reseller. Anil discussed with me about marketing plan including the immediate mailer campaign.

It was clear to me that I missed the marketing aspect of all my products.

We are on the job and lets see the results.

I am clear that I have been a bloody idiot all these years.

Will keep you updated about the progress.