Editorial

Business like a tournament, is meant to win over the competitors. What victory matters in a tournament, profit does in a business as an ultimate objective.

Business also requires persistent efforts and prolific planning as in for victory in a sports event. You have to look at reduction in your production cost and the best way to do this is to cut down on expenditures or input cost for profits in business. This can be done in many ways like by cutting down on inventory, disposal of the unused inventory, stocking on raw material during lean prices, making the best of the labourors either by multi-tasking or obtaining job work from market during lean period or even layoffs etc.

At the same time, business needs a well-planned strategy to identify and explore new markets and participation in exhibitions and fairs in order to reach out to larger and targeted customers in just one move. 

After two long years of economic disaster, markets are bouncing back with huge demand and hence, this is the time to act and take right step towards victory. Work on your network, gather and analyse market data, identify customer, asses demand and align your production with this info. There is nothing, which will stop your business from thriving in domestic as well as foreign markets.

Steel Market Info is coming up with such an opportunity by rolling out a show in Chennai providing a platform to showcase products to large number of buyers. Be a part of it and make a jump start.