1. #1
    Unregistered

    What all problems you think professional services firms are facing today? Is it a good decision to start a independent company in our present scenario?

    I am planning ahead to start my independent firm one day but I am quite confused whether to start it now or later, there are certain which I want to be clarified before going to implement my ideas, Can you tell me what all the problems faced by the professional services in the present day? Can you give me some insight of how to handle those things? Is it a good decision to start a independent company in our present scenario?

  2. #2
    Sha Array
    Join Date
    Jul 2012
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    59

    Re: What all problems you think professional services firms are facing today? Is it a good decision to start a independent company in our present scenario?

    Initially I congratulate you for your plan of starting a new firm.

    In general below are the some problems or the fields that should be concentrated by the individual firm:



    • Finance: This unit sometimes suffer due to the lack of working capital.


    • Raw Materials: Scarcity of the raw materials can be handled by comprising the quality or by paying higher price.


    • Managerial skills: People who running the firm should have technical knowledge along with effective managerial skills.


    • Labour: Productivity per employee ratio should be maintained.Paying low to employee may lead to lack of skilled workers.So it should be balanced.


    • Marketing:It is the important department to reach the customer.Marketing strategies plays a vital role in the success of any firm.


    • Quality:Apart from all the above this is the only field that assures the growth and longevity of any firm.


    All the Best!!!

  3. #3
    Arjun Array
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    Re: What all problems you think professional services firms are facing today? Is it a good decision to start a independent company in our present scenario?

    Dear, sir best wishes for you in opening a new firm. But the drawbacks which the firm are facing today are mentiond below :1.market2. Finance 3. Labour4. Human Management5. Raw Materials. These are some of the drawbacks of the profession services which the firm faces drawbacks. With Thanks

  4. #4
    Arjun Array
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    Re: What all problems you think professional services firms are facing today? Is it a good decision to start a independent company in our present scenario?

    Dear, asker most of the firm today faces the problem of as mantioned under1. Raw Material - are regarded as the most important asset to furnished the good.2. Labour- the men power also play an impotant role the lack of this may slow down the process of a firm3. Money- as we know that money is regarded as a lifeblood in any firm.4. Land- land play an impotant role in deciding the transportation facilities of a firm. Dear I don't think it is a good decesion to open a firm of own while in the job. If you have a wish to open a firm then you have to indipendence by yourself because you have to involve in many activities.

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