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Independent Business Unit2022-02-14T18:52:28+05:30

Independent Business Unit

A Game Plan To Convert Prospects Into Raving Customers

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Overview

Those were the days when the old generation used to handover the business to the new generation, splitting the business amongst the family members without any vision and mission or without any planning of future business. Apart from that in many more cases, when business is properly established, hardly any businessman thinks of utilising the existing idle finance, infrastructure, man power or any other assets or unused due benefits. Today the market is exposed and operating costs are increasing day by day which results in shrinking margins. We at FAROL Consulting, help clients in utilising the idle strength in the best way to get profit by establishing different IBUs (Independent Business Units) depending upon the strengths, weakness, skills and passions of the clients without disturbing existing setup and business.We at FAROL Consulting also help in establishing a complete new business set up for the client who can invest in finance, even if the client does not have any past experience about the business recommended by FAROL, based on few of the parameters of our assessment.

To establish and monitor that the new business runs successfully with consistent growth, a lot of factors have an impact like – Finance, infrastructure, knowledge, experience, skills, networking, time, etc. Not necessary that a single party holding all these, to start a business.

What Problem Are You Trying To Solve?

Have a low ROI ?

As the market is exposed all over the world and operating costs are increasing day by day, margins are  shrinking day by day. Due to hazy economic policies, political situations it is difficult to get consistent growth of the business which results in low ROI.

Due to low ROI, revenue generation and building up of capital becomes low.  Even if you maintain the same costs of doing business, you get lower revenue each year, that you have less profit. Declining revenue can result from either a loss of customers or markdowns on prices. If you have excess inventory or if demand wanes at regular price points, you may have to mark down goods to create transactions.

The root problem of poor sales performance is often poor differentiation and poor positioning. We examine a typical growth pattern of service organizations in the life sciences and see how better sales traction begins with a clearly defined marketing strategy. 

Unfortunately, very few business leaders have experience in developing a second line. Many learned on the job to be managers themselves. They never thought to get personal development in their skill set, nor the mindset required to be an effective leader of people. As a result, they are ill-equipped to choose the right people for management or give them the training and support they need.

Bothered about high expenses and less profits?

Many businesses suffer from this problem. They have a lot much of expenses in the business and the profit is less. In this situation the businesses are on the edge of either shutting down or investing too much money to just sustain the business that results in the loss at the end.

In order to achieve great results, you should be constantly thinking about ways you can motivate and inspire you, your team and the atmosphere. We have the greatest ways for that and  you can steer your team in the right direction and achieve your goals together. 

Want to transform your business? Then be relentless about reducing your own direct labor. You are working hard in your business to make it grow but it seems like nothing changes? Maybe you should be working on it instead. Effective business development is planned, deliberate, and continuous.

Resource optimization is the set of processes and methods to match the available resources (human, machinery, financial) with the needs of the organization in order to achieve established goals. Optimization consists in achieving desired results within a set timeframe and budget with minimum usage of the resources themselves.

What We Provide ?

  • Selection of the Type of Business

  • Vendors Development and Assessment

  • Marketing Consulting

  • Operational Consulting

  • HR Consulting

Selection of the Type of Business

A detailed study is done with the background of promoters about their interest , experience , availability of infrastructure and finance to come to the conclusion about the type of the business to be done like service industry , Trading , Manufacturing , segments and many more parameters are considered.

Vendors Development and Assessment

Once we arrive at the conclusion jointly, we find out the suppliers and make a long term agreement of the business with suppliers doing vendor development activities.

Marketing Consulting

After above three stages , FAROL offers marketing services to get the client consistent growth of the business. Not only Consulting service but we also monitor that execution is done as per the target. We help you achieve sustainable, organic growth by putting your customers at the center of your company’s strategy. Our approach tests every element of your customers’ experience, delivering optimal interactions at every touchpoint.

Operational Consulting

Once the outsourcing and marketing strategy is finalised, FAROL helps to make the company system oriented to avoid conventional man oriented organisation. How to manage minimum inventory level, System of ZERO Inventory, Storage of raw material for easy identification and easy accessibility, Development of Strategic Sourcing, Making sourcing with reverse engineering, Inhouse Lab for checking quality of incoming material, Vendors’ Development and registration Process, Terms and conditions and agreement with vendors

HR Consulting

Expert team of FAROL provides services in helping recruitment, employees’ profile, organisation structure, training to employees in context of vision and mission of the company. Managing talent well has become crucial for finding opportunity in the midst of change, as leaders must shape a workforce with the skills to deliver on strategy now and in the future. Financial capital isn’t the main limiting factor in rising to today’s challenges, talent is. The key to success is a talent-first mindset.

Expected Key Benefits Of Selection of the Type of Business Vendors Development and AssessmentMarketing Consulting Operational Consulting HR Consulting

Better Qualified Leads

Sales Growth

Unexpected ROI

Increase Brand Value

High Revenue

Brand Identity & Awareness

Marketing Effectiveness

Beat Competition

Accurate Targeting

Real Time Analytics

Advanced Reporting and Analytics

Increase Efficiencies

Reduce Process Life Cycles

Reduce Operational Costs

Maintain Corporate Compliance

Improve Vendor Onboarding Process

Measurable Results

Corporate Compliance

Monitor and Track Performance

Document Management

Faster Results

Immediate Progress

Long-term Perspective

Essential Flexibility

Increased Sales Productivity

Target Desired Customers

Understand Customers’ Needs

Increase Sales Growth

Increase Reputation

Evaluate New Opportunities

Better Collaboration

Improved Quality Control

Higher Efficiency Rate

Reduced Overhead Costs

Improved Cash Flow

Improved Data Visibility

Enhanced Financial Practice

Vendor Relations

Distributed Footprint

Customer Retention and Experience

Utilize Talent Pool Contacts

Assist in Selection

Stay Competitive

Prepared For Future Situations

Reduces Risk

Boosts Productivity

Better Succession Planning

Minimize Attrition

Better Recruiting

Deeper Employee Engagement

Our Consulting Process

Business introduction

First, we deeply understand your business, process, product, market segments, challenges, existing infrastructure and manpower, finance availability, your vision, and mission, which helps us to provide the possible relevant solutions. By understanding the primary business we discuss some standard procedures or methods that are usually used in the market. This stage of consulting is very valuable for both because in this stage we’ll understand how you grew up or how the company grew up. We understand all the basic information about your business and go to the second stage of the process.

1

Understand Existing Problems

This is the stage of secondary diagnosis. Our focus is on analyzing the problem and the purpose. Cooperation between us and the business blooms at this stage. We have to find out the performance patterns of the organization and an assessment of the requirements and resources related to the business transformation should be carried out. We spent time with directors, managers, and the team, for understanding the current situation & the existing problems of the organization. Data collection is a primary task at this stage since it relates to the quality of the prospective solutions.

2

Find The Solution

By understanding the problems, our team will continue working on it and find the best solution for your organization. We strictly believe that, Just about any problem you have to deal with has more solutions to it than the one that you think of first. So, it is best to develop a list of alternate solutions that you and your team can assess and decide which one will be the best for the particular problem.Then we rank those solutions based on efficiency, cost, long-term value, what resources you have and that you can commit to the solution of the problem. Then, look at every one of those solutions carefully and decide what you believe to be the best solution to this problem at this time.

3

Executions

At this stage we have proper planning and have a solution to the existing problems & challenges. We put this solution into the process. Our team constantly monitors the execution, and constantly with you. Implementing the solution you decide on can include creating an implementation plan. It could also include planning on what happens next if something goes wrong with the solution if it doesn’t work out the way you thought it would. Implementation means that everyone on your team knows and understands their part in making the solution work, that there are timelines for execution, and also that you have a system in place to track whether or not the solution has corrected the problem.

4

Getting Feedback

Direction is more important than speed. Based on the above points a detailed step by step planning is required for the action to be taken within a time limit with a specific budget without affecting ROI. First we identify the problem then plan the best solution to overcome the problem and we execute the planned solution. During this process we need feedback from everyone who is involved in this process, so we’ll know the effectiveness of the solution and where the improvement is needed. So we can plan accordingly and apply it to the next solution.

5

Apply Changes & Execute Again

According to the received feedback, we’ll do the necessary changes in the decided process and implement with the new changes. It helps to overcome the existing challenges. We develop a system that helps you and your organization to follow the standard procedure and make your work easy. After the implementation of the problem we periodically do a system audit to see that the organisation is system oriented and not man oriented. Also find the new challenges or problems that you faced and find their reliable solutions and implement it as the same.

6

Who can get Counseling ?

  • Small & Medium Enterprises
  • Individuals & Team
  • Industries

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is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

  • Business Owners
  • Sales & Marketing Leaders
  • Sales & Marketing Executives
  • Independent
  • Consultants
  • Students

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

  • Pharmaceutical Industry
  • FMCG Industry
  • Metal Industry
  • Textile Industry
  • Plastic Industry
  • Ceramic Industry

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

Mode of Counseling

  • Individual Counselling Individual Consulting
  • Group Counselling Group
    Consulting
  • Seminar Counselling Seminars
  • Webinar Counselling Webinar
  • Workshop Workshops
  • Keynote Speaking Keynote Speaking
  • Tele Counselling Tele Consulting
  • Guest Speach Guest Speach

Individual Consulting

These sessions are targeted to focus on understanding the current problems & opportunities and find out the best possible solutions. These are individual sessions of 60 minutes each covering all the important topics. The number of sessions may vary on the requirement and understanding of the individuals. The whole consulting is divided into certain segments, so we can properly understand your situation and get a plan accordingly to raise up.

15,000/- Per Counseling

Group Counseling

Group Counselling sessions are conducted with a minimum of 10 personalities. These sessions will be taken in a collective atmosphere where all the topics will be explained in different sessions in one day. The number of sessions may vary on the requirement and understanding of the team. In Group Consulting we also want specific attention from your side so that we can understand better and offer specific solutions.

15,000/- Per Counseling

Seminars

This will be of two hours at the time and venue convenient to the organizer and to the speaker. This will cover the overview, need & benefits, current challenges and way of the implementation of pre-selected topics. The speaker shall speak for one and half hour and the rest half an hour will be dedicated to the audience for question and answer session.

15,000/- Per Counseling

Webinars

This will be of two hours conducted ‘online’ from the comfort of the homes of the audience on the date and time fixed. This will cover the overview, need & benefits, current challenges and way of the implementation of pre-selected topics. The speaker shall speak for one and half hour and the rest half an hour will be dedicated to the audience for question and answer session.

15,000/- Per Counseling

Workshops

This will be of a duration of one day with breakfast, lunch included and with full of activities. This will be conducted for a minimum of 10 personalities. The entire sessions of consulting will be covered in one day. These Workshops can address common problems or issues that business professionals may face on a regular basis. All the participants can share their insights and thoughts on how to resolve the problem, which can offer a fresh perspective when dealing with the problem.

15,000/- Per Counseling

Keynote Speaking

On invitation from any organization or institution, our speaker shall attend and deliver the speech on the topic defined. The time duration will be as defined by the organizer.

15,000/- Per Counseling

Tele Consulting

This will be the same as individual consulting sessions. There shall be sessions of 60 minutes each. The number of sessions may vary on the requirement and understanding of the individuals. The individual and the counselor will have a conference through video/audio call and conduct the sessions.

15,000/- Per Counseling

Guest Speach

The farol shall invite prominent guest speakers on certain occasions for sharing their knowledge, experience and observation to the audience. The programme will be designed as per the practice of the guest speaker.

15,000/- Per Counseling

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