Slow Down in Economy, Sick Unit and Mentality
Happy Diwali,
Nowadays, Slow Down in Economy is a Buzz word for everyone. Everyone is busy talking about the correction required in the Economy by the Government. Every Businessman is now behaving more like an Economist then a Businessman. Sick Units are increasing day by day.
If we look deep on the reasons of all such slow down and units getting sick, we will able to realize and see some wrong decisions taken around 1-2-3 years back, when the business cycle was very good. With the help of analysis we can confidently say that business/turnover of all the business is growing, the lessor profitability/loss is because of an increase in expenditure, and an increase in expenditure is visible everywhere, in business houses and as well as in domestic front.
Most of the units are not getting sick because of the dearth of business or falling in turnover, but because of increased expenditure.
Evolution and changes made by the Government for the improvement of the Economy will not be helpful unless we change our mindset and start thinking positively.
When the economy gets slow down, there are more opportunities to earn and grow, because some non-serious players are out of the industry.
So we need to think positively and develop our own means to grow our business then being dependent on the Government because we know our business better than people sitting in Government who never did our business practically.
Businessmen of our country are capable enough of bringing back the Economy in a better stage.
Regards,
CS Amit Kumar Jain
Finance Consultant
Mentor Corporate Services Pvt Ltd.
Email : csamitkjain@gmail.com