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Every entrepreneur when establishes a
company registration, has the wish to take new company registration to dazzling
heights. A company registration is like a child and as a parent we treat our
child differently for different ages (newborn, toddler, school going, teenage,
adolescent). Similarly as an entrepreneur, we have to keep our company
registration differently for different ages.
Registration (New Born Baby): We have to take care of each and every aspect of New
Company Registration till it starts generating revenue. Right from hiring to
website development to selecting office to making tea for full team, we have to
do it all ourselves.
10 Crore (Toddler):
Once your company has a revenue of 10 crore, it is high time you let go control on day to day activity of
few departments (Like Accounts or SEO etc) to let the company grows. But,
always keep a close eye on what is happening in every aspect of the company registration as it is still too young and would require a lot of your time.
10 Crore to 50 Crore (School Going): It is very important that you do not
get neck deep in day to day operations otherwise you will never allow your team
to develop. But this is the time you will have to inculcate all good habit in
your company registration such as financial discipline, processes etc. Also,
divisions should be taught to be self-dependent and taking decisions on their
own. But you should keep check and balances to ensure that the decisions are
50 Crore to 500 Crore (Teenage): For getting into Big League, this stage is most
important. Many entrepreneurs are just not able to break the glass ceiling of
being a 50 Crore company to 500 Crore Company. Some of them are just not able
to think on those levels, some of them burn their fingers as they had faltered
in Stage 2 or 3. Entrepreneurs needs to employ better talent, diversify product
wise and geographically, and should be very strict with finances. But most
importantly, you cannot simply micro manage at this stage.
500 Crore and above (Adolescent): After reaching 500 Crore stage, it is all about choices
you make, temperament and most importantly allowing professionals into the system
and allowing them to take independent call.
If you want to start new company as Private
Limited Company Registration, please contact us on +91 8447265465.
you want to avail bookkeeping services and accounting services, please contact
us on +91 8447265465
you want to do ROC Compliance and Annual Compliance of Private Limited Company
Registration, please contact us on +91 8447265465
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