Samik Dhungana’s Post

In the Bangladeshi business landscape, the distinction between value calculations and profit calculations in corporate relationships holds crucial importance. While both aim for positive outcomes, they approach it differently: Key Differences: Perspective: Value is broader, considering both tangible and intangible benefits, while profit solely focuses on financial gain. Measurement: Value is often qualitative, while profit is always quantitative. Impact on relationships: Value fosters trust and long-term partnerships, while profit ensures fair exchange in individual transactions. Balancing the Two: In Bangladesh, businesses strive for a balance between value and profit in their relationships. While profit remains a key driver, companies increasingly recognize the importance of building long-term partnerships based on mutual benefit and trust. This can be achieved through: Communicating value expectations: Define the value you seek from your partner beyond just profit. Joint value creation: Collaborate on initiatives that benefit both parties. Transparent communication: Maintain open communication about financial expectations and performance. By effectively balancing value and profit calculations, businesses in Bangladesh can build stronger, more sustainable corporate relationships that drive long-term success.

HOW TO SET CLEAR BUSINESS GOALS AND OBJECTIVES AS AN ONLINE BUSINESS VENDOR. Setting clear #business goals and objectives is essential for #success a an ever changing economy like that of Nigeria. Here's how I, as an astute businessperson, approach it which you too can take a clue from: 1. Vision and Mission: Start by defining your business's overarching vision and mission. Your vision should articulate what you aspire to achieve, while your mission outlines how you plan to get there. 2. SMART Goals: Ensure your #goals are Specific, Measurable, Achievable, Relevant, and Time-bound (SMART). This makes them clear and actionable. 3. Prioritize: Set a hierarchy of goals. Identify short-term and long-term objectives, and prioritize them based on their importance and impact. 4. Quantify and Measure: Attach quantifiable metrics to your goals, such as revenue targets, market share, or customer acquisition numbers. This allows you to track progress. 5. SWOT Analysis: Conduct a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis to align your objectives with your business's internal and external realities. 6. Market Research: Understand your target market and competition. Use this data to inform your objectives, ensuring they are in line with market dynamics. 7. Resource Assessment: Evaluate the resources required to achieve your goals, including finances, human resources, and #technology. Ensure you have the means to pursue your objectives. 8. Risk Mitigation: Identify potential risks and develop contingency plans. This helps you adapt when challenges arise. 9. Communication: Clearly communicate your goals and objectives to your team, stakeholders, and partners. Ensure everyone is on the same page. 10. Review and Adapt: Regularly review your progress and adjust objectives as needed. Business environments change, so flexibility is key. 11. Long-Term Sustainability: Consider the long-term sustainability of your goals, ensuring they align with ethical and environmental principles. 12. Celebrate Milestones: Acknowledge and celebrate achievements along the way to motivate your team and maintain focus. By following these steps, you can set clear, actionable business goals and objectives that contribute to your success on a global scale. Am rooting out for you, as you know am just a call or DM away .

Are IT struggles stifling the growth of your business? Managing IT in-house can be costly and time-consuming, particularly for resource-constrained SMEs. Our latest blog explores how managed IT services can help Dubai businesses unlock value and secure their success. Read it here: https://lnkd.in/ezGNbjkb

The business advice I would give to a new business in Nigeria today is don't bite more than you can chew. There is no need being everywhere without adding value to anyone. A business should be responsive to their customers, every call must be answered, every email replied...that is how to have integrity in business and life. You say what you mean and mean what you say. Is that difficult to do?

Don't Just Fix Your IT, Optimize It for Success! ✅ Looking for IT support in Dubai? It's about more than just solving technical problems. A local IT provider offers hidden advantages: - Compliance made easy: Navigate Dubai's complex regulations with expert guidance. - Industry connections: Leverage their local network to find the solutions you need. - Culturally aware support: Bridge the gap for seamless communication and understanding. - Business-aligned strategies: Get IT that supports your specific Dubai goals. Invest in a true IT partner, not just a tech fixer👨💻 Read the full blog to unlock the hidden benefits of local IT support in Dubai: https://lnkd.in/ddjkM9rn #DubaiIT #LocalSupport #BusinessTech #TechPartnerships

Are you actively engaged as a provider of Business Development Services (BDS) and seeking to expand your influence and connections within the dynamic realm of MSME support? If the answer is yes, we extend a special invitation for you to join us in an initiative designed to enhance the breadth and depth of BDS offerings across our nation. In line with the National BDS Framework's Pillar 3, which emphasizes the imperative of digitizing BDS to ensure its relevance in the evolving business landscape, Enterprise Uganda has been entrusted with a crucial task: to construct a comprehensive, web-based online Database of BDS providers nationwide. Why? > Visibility and Reach: By registering on the Enterprise Uganda BDS Portal, you instantly amplify your visibility and reach to a vast network of entrepreneurs and businesses actively seeking your expertise. Your profile will serve as a beacon for those in need of specialized services, positioning you as a go-to resource in your field. > Alignment with National Development Priorities: The National BDS Framework, an integral component of NDP III-PSDP, underscores the pivotal role of BDS in fortifying the management capacities of MSMEs. By joining our platform, you not only contribute to this overarching goal but also align your business with the strategic objectives outlined by the government. > Enhanced Collaboration and Networking: The BDS Portal serves as a dynamic hub for collaboration and networking opportunities. Connect with like-minded professionals, explore potential partnerships, and stay abreast of industry trends and best practices, fostering a culture of continuous learning and growth. > Assurance of Data Security: We understand the paramount importance of safeguarding your sensitive information. Rest assured, the Enterprise Uganda BDS Portal employs robust security measures to protect your data, ensuring confidentiality. Your expertise is invaluable, and your participation in this endeavor is instrumental in shaping the future landscape of Business Development Services(BDS) in our country. https://lnkd.in/dzQCPjrQ

❓Are you looking to commercialise or scale up your business? The Industry Growth Program supports innovative small and medium enterprises undertaking commercialisation and/or growth projects that will help build manufacturing capability. Eligible businesses will be connected with an Industry Growth Program Adviser. The Adviser will provide specialised advice to support your commercialisation and growth opportunities and priorities. Once you have received this advice, you may choose to apply for: 🟥grants of $50,000 to $250,000 to support early-stage commercialisation projects 🟥grants of $100,000 to $5 million for commercialisation and growth projects. For more information on how to apply visit 👉 https://lnkd.in/gP8GWjAb #AusIndustry #industry #growth #businessadvisory

*******Why we need proficient PRO service in Qatar******** Finding a proficient PRO service provider in Qatar can be overwhelming amidst the myriad of options available through a simple Google search. However, the abundance of choices doesn't guarantee finding the ideal match for your needs. Given Qatar's competitive market, it's crucial to grasp the pivotal role a PRO plays in your business operations. Establishing specific criteria or a checklist can aid in selecting the right provider, ensuring the seamless functioning of your company in Qatar. Consider these key qualities when choosing your PRO service provider: Expertise: Your PRO partner should possess updated knowledge of Qatar's laws and regulations. Given the rapid growth of the market, staying abreast of local regulations is imperative to facilitate business operations effectively. Communication: Effective communication is paramount. Your PRO service provider must be responsive and attentive to your inquiries and business requirements. A lack of communication or recurrent misunderstandings should raise red flags. Transparency: Transparency is non-negotiable. A reputable PRO service provider should be transparent in their dealings, elucidating any processes and presenting clear price proposals without hidden costs or deceptive tactics. You should feel assured that they are guiding your business towards operational excellence in Qatar. Consistency: A reliable PRO partner boasts a professional team capable of promptly handling your paperwork in an organized manner. This consistent approach fosters stability, enabling you to anticipate when tasks will be completed. Compliance: Your PRO service provider should offer comprehensive guidance on navigating paperwork in adherence to Qatar's local laws and regulations. Compliance safeguards your business from potential conflicts, electronic system impediments, or penalties. The demand for PRO service providers in Qatar is substantial, leading many firms to tout themselves as the best. However, genuine professionalism, ethics, and compliance are rare. Therefore, exercise diligence in your selection process to propel your business in the right direction. Reach us on +974 3040 9867

Planning to start your business in the UAE? Here are 5 reasons why you should chose the country. Contact us to know more.

Starting a business in the UAE can seem simple at first, but there are several important things to consider before you begin. For example, did you know that companies can't use names that start with the words "Universal", "Middle East", "Global", or "International"? Also, did you know that in the UAE you can't mix unrelated business activities under one license (even if they seem related to you #iykyn)? Check out our blog post for more tips and tricks on how to start business in the UAE. We have also created ✨checklists of documents✨you'll need on every step of your incorporation journey ➡➡➡ https://lnkd.in/dkXKVn9z