What is a Lok Adalat?

Lok Adalat is a forum where the disputes/cases pending in the court of law or at pre-litigation stage are settled/ compromised amicably. The Lok Adalat has been given statutory status5 under the Legal Services Authorities Act, 1987. Under the said Act, the award made by the Lok Adalat is deemed to be the decree of a civil court and is final and binding on all parties and no appeal lies before any court against its award.

The problem of unmanaged backlog of cases, mounting arrears and inordinate delay in disposal of cases in Courts at all levels lowest to the highest coupled with exorbitant expenses have undoubtedly attracted the attention of not only the lawyers, litigants, social activists, legal academics, legislature, judiciary but also everyone concerned with judicial reforms. The sole governing consideration, therefore, how to reduce the delay in disposal of cases, make the system resilient by removing its stratification, making the system less formal and truly inexpensive so as to bring justice within the reach of the poor.

Nature of cases to be referred to Lok Adalat

1. Any case pending before any court

2. Any dispute which has not been brought before any court and is likely to be filed before the court

Provided that any matter relating to an offence not compoundable under the law shall not be settled in Lok Adalat.

How to get the case referred to the Lok Adalat for settlement?

A) Case pending before the court:

1. If the parties agree to settle the dispute in Lok Adalat or

2. One of the parties makes an application to the court or

3. The court is satisfied that that the matter is an appropriate one for settlement in Lok Adalat

B) Any dispute at pre-litigative stage

The State Legal Services Authority or District Legal Services Authority as the case may be on receipt of an application from any one of the parties to any pre-litigation stage matter refer such matter to the Lok Adalat for amicable settlement.

Why should you opt for Lok Adalat?

1. There is no court fee and if the court fee is already paid at the time of institution of the case such amount will be refunded to the concerned party if the dispute is resolved by the Lok Adalat. The dispute are settled without bearing any expenses by the parties.

2. Lok Adalats are empowered to settles the both kind of matters which are already pending before courts and which are at pre-litigation stage. The parties have an opportunity to bring the dispute before this institution at any time irrespective of whether the case is instituted in the court of law or not.

3. The procedure followed by Lok Adalat is simple, flexible, non-technical and informal. There is no strict application of procedural laws like Civil Procedure Code and Evidence Act while determining the claims of the parties by Lok Adalat.

4. The lawyers are not essential to be appeared during the conciliation process of Lok Adalat. However, they can assist the Lok Adalat in its proceeding by helping the parties to understand contentious issues and available alternatives and can persuade them to arrive at a settlement of the dispute.

5. It dispenses justice to the disputants through collaborative and participatory efforts of lawyers, law teachers, judges, administrative authorities and social workers who actively participate in the resolution of the dispute by discussion, counselling, persuasion, conciliation and humane approach.

6. Lok Adalat provides justice speedily to the parties, generally, when it resolve the cases in a single day. In this sense it helps to reduce the huge arrears in courts of law.

7. The award of Lok Adalat is final and binding. There are no further appeals, revisions or review applications. Therefore, the dispute ordinarily comes to an end.

8. The Lok Adalat system helps to create awareness among the people about their rights and duties mentioned in numerous social and welfare legislations. Lok Adalats are organized at various places such as villages, slum areas, industrial areas, labour colonies, towns and in jails, etc. In this way, it takes justice at the door-steps of the people.

9. The Lok Adalat settle the dispute on the basis of compromise and in the spirit of 'give and take'. Thus, there is neither a victor nor a vanquished and both the contestants are gainers and winners. They leave the premises smiling with no rancor or ill feeling for the other which ultimately leads to happiness and well-being of the society. So, the drive behind the Lok Adalat is the roused consciousness of the community to prevent disruption of local unity and to secure substantial equity and social justice, in a mood of human solidarity.

Permanent Lok Adalat

Permanent Lok Adalat has to be established by the National legal Services Authority or the State Legal Services Authorities. It shall have three members; the Chairman, who is or has been a District Judge or an Additional District Judge or has held a judicial office higher in rank than that of a District Judge and two other members having adequate experience in public utility service. Such persons shall be appointed by the State or the Central Authority, as the case may be, upon nomination by the respective Governments. But at the same time, such nomination shall be on the recommendation of the Central or the State authority. Section 22-C (3) provides that when an application is filed written statements with appropriate proof, including documents and other evidence. Copies of documents produced and statements made by the parties shall be given to each other. Therefore, PLA shall conduct conciliation proceedings between the parties to bring about an amicable settlement to the dispute. It is the primary duty of PLA as per Section 22-C (4). While conducting such conciliation proceedings, it is incumbent on the members of PLA to assist the parties to reach an amicable settlement.

We, "PNJ Legal Consultants" are one of the well known organizations engaged in providing Consultancy Services keeping in mind the Client Service requirements.

Our team members deliver excellent performance in providing these services and our clients can avail the services at affordable prices.

Our sophisticated team has complete knowledge of various exercises and technicalities that are used in our services. Our services includes Strategy Consulting, GST Consulting, Asset Management, Feasibility Study, International Arbitration, Due Dilligence, Franchisee Consulting, Financial Audits, Operational Audits, Tax Heaven Registrations, Shareholder Agreements, Start up Consulting, IP Consulting, Taxation Services, Accounting system design and Mergers Acquisitions.

Contact at parascs@gmail.com or refer website www.pnjlegal.com

Legal Framework for Corporate Social Responsibility

With the introduction of companies’ act 2013, India has become first country to mandate CSR. The fact that CSR initiatives are taken voluntarily, has been ignored and the act has provided for compulsory spending on CSR.

As per section 135 of the new act, Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year shall constitute a CSR committee of the board consisting of three or more directors (at least one shall be independent director). The committee shall

1.        Formulate and recommend to the board a CSR policy

2.        Recommend the amount of expenditure, and

3.        Monitor the CSR policy.

The Companies Act 2013 encourages companies to spend at least 2% of their average net profit in the previous three years on CSR activities. The ministry’s draft rules, that have been put up for public comment, define net profit as the profit before tax as per the books of accounts, excluding profits arising from branches outside India

Applicability: Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director.

•The Board's report under sub-section (3) of section 134 shall disclose the composition of the Corporate Social Responsibility Committee.

The Corporate Social Responsibility Committee shall,—

•Formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company as specified in Schedule VII;

•Recommend the amount of expenditure to be incurred on the activities referred to in clause (a)

•Monitor the Corporate Social Responsibility Policy of the company from time to time.

SOCIAL RESPONSIBILITY AND RELATED DISCLOSURE:

1)        Means of Communication

2)        Various Social Responsibilities fulfilled by Company

3)        Customer care Grievance

4)        Financial Risk Management

5)        Business Environmental Responsibility

Economic growth is possible only through consumption of inputs available in the environment and society. The harnessing of natural resources has a direct impact on the economy, the environment and society at large. Corporate Social Responsibility (CSR) is a concept whereby organizations serve the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations. Corporate social responsibility is not about just giving randomly but about bringing benefits to all the stakeholders, including customers, employees and community at large.

•Respect for Worker’s Right and Welfare: The companies should provide the workplace environment that is safe, hygienic and humane to work. They should be taken care of the heath issues arising out of the work of the organization. It should conduct the training and development program within the organization for the people of the organization.

•Woman Empowerment: Empowering women and achieving gender equality – the goals of the Women’s Empowerment Principles - requires intentional actions and deliberate policies. The WEPs are based on concrete business practices and have inspired companies around the world to tailor existing policies and programmes – or establish needed new ones – to realize women’s empowerment.

 Corporate Social Responsibility Dimensions

•Sport Promotion: These include CSR initiatives and investments in the sector by leading corporate houses, and non-profit foundations. These foundations are chiefly involved in providing opportunities to children from the under-privileged sections to take up sports, supporting promising sportspersons in accessing world class training facilities and developing sporting infrastructure.

 •Employment Generated: Jobs continue to be created, needing an educated workforce and many in sunrise sub-sectors. We need to recognize new opportunities and prepare the supply side.

•Educational Employee Training: Employee training and development is a broad term covering multiple kinds of employee learning. Training is a program that helps employees learn specific knowledge or skills to improve performance in their current roles.

•Employee Grievance: refers to the dissatisfaction of an employee with what he expects from the company and its management. A company has to provide an employee with a safe working        environment, realistic job preview, adequate compensation, respect etc.                       

•Benefits of Employee Welfare: They provide better physical and mental health to workers and thus promote a healthy work environment. Facilities like housing schemes, medical benefits, and education and recreation facilities for worker's families help in raising their standards of living. This makes workers to pay more attention towards work and thus increases their productivity. Employers get stable labor force by providing welfare facilities. Workers take active interest in their jobs and work with a feeling of involvement and participation.

•Increased Sales and Customer Loyalty: The customers also recognize those companies which are socially responsible. This results in increased sales and content customers.

•Complaint Received During the year: A customer complaint highlights problems with employees or internal processes and you can fix them before further problems arise and cause a bad customer experience. One of the advantages of CRM is that you can keep a record of customer feedback, both positive and negative.

•Complaint Resolved: The complaint is closed as Resolved because the provider has met the member's request for resolution to the complaint (as outlined on the Complaint Resolution Process complaint form).

•Complaint Pending: The complaint is currently in process. No final outcome has been determined.

•Investor Education and Protection Fund (IEPF): is for promotion of investors’ awareness and protection of the interests of investors. This website is an information providing platform to promote awareness, and it does not offer any investment advice or evaluation.

•Financial Risk Management             

Financial Risk Management is           the practice of economic value in a firm by using financial instruments to manage  exposure  to risk, particularly credit risk and market risk. Other types include Foreign exchange risk, Shape risk, Volatility risk, Sector risk, Liquidity risk, Inflation risk, etc. Similar to general risk management, financial risk management requires identifying its sources, measuring it, and plans to address them. Profit Risk is a risk management tool that focuses on understanding concentrations within the income statement and assessing the risk associated with those concentrations from a net income perspective.

•Legal Risk Management

Legal Risk Management refers to the process of evaluating alternative regulatory and non-regulatory responses to risk and selecting among them. Even with the legal realm, this process requires knowledge of the legal, economic and social factors, as well as knowledge of the business world in which legal teams operate. In an organizational setting, risk management refers to the process, by which an organization sets the risk tolerance, identifies potential risks and prioritizes the tolerance for risk based on the organization’s business objectives, and manages and mitigates risks throughout the organization.

•Risk Management

Risk Management and Internal Control help organizations understand the risks they are exposed to, put controls in place to counter threats, and effectively pursue their objectives. They are therefore an important aspect of an organization’s governance, management, and operations. Professional accountants can and should play a leading role in helping their organizations achieve an integrated, organization-wide approach to risk management and internal control—which ultimately helps create, enhance, and protect stakeholder value.

Business Environmental Responsibility

The companies are required to utilize the Planet i.e., Natural Capital in a well manner so that it cannot be wasted, excess utilized which is also required for the other states or countries and also requires to be preserve for the future generation.

Environmental management system that offers a framework that companies and organizations can follow in order to set up an effective environmental management program. Its certificate means that the company or organization is measuring and reducing its environmental impacts. Sustainability Report is used by companies to communicate their economic, environmental and social activities to depict transparency and compliance to rules and regulations.

•Audit of Environment: There are three main types of audits which are environmental compliance audits, environmental management audits to verify whether an organization meets its stated objectives, and, functional environmental audits such as for water and electricity.

•Pollution Control: Pollution prevention is a major global concern because of the harmful effects of pollution on a person’s health and on the environment. Environmental pollution comes in various forms, such as: air pollution, water pollution, soil pollution, etc.

•Project Location and Development: Project management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.

•Forest and Plantation of Tress: Industrial plantations are actively managed for the commercial production of forest products. Industrial plantations are usually large-scale. Individual blocks are usually even-aged and often consist of just one or two species. These species can be exotic or indigenous. The plants used for the plantation are often genetically altered for desired traits such as growth and resistance to pests and diseases in general and specific traits.

•Plants having Child Labour: The social scenario, however, changed radically with the advent of industrialization and urbanization under the impact of the newly generated centrifugal and centripetal forces; there was an unbroken stream of the rural poor migrating to urban center in search of livelihood. The child had to work as an individual person either under an employer or independently. His work environment endangered his physical health and mental growth and led to his exploitation. The protection and welfare of these children, therefore, become an issue of paramount social significance.

We, "PNJ Legal Consultants" are one of the well known organizations engaged in providing Consultancy Services keeping in mind the Client Service Mentality.

Our team members deliver excellent performance in providing these services and our clients can avail the services at affordable prices.

Our sophisticated team has complete knowledge of various exercises and technicalities that are used in our services. Our services includes Strategy Consulting, GST Consulting, Asset Management, Feasibility Study, International Arbitration, Due Dilligence, Franchisee Consulting, Financial Audits, Operational Audits, Tax Heaven Registrations, Shareholder Agreements, Start up Consulting, IP Consulting, Taxation Services, Accounting system design and Mergers Acquisitions.

Contact at parascs@gmail.com or refer website www.pnjlegal.com

7 Vaastu tips for a Successful Business

Vaastu Shastra or Vastu is an ancient Indian way of arranging layout of your office, home or business in a way that will yield a beneficial result for the owner. Vastu Shastra works by balancing the five basic elements of nature fire, water, space, air and Earth. Following these ancient principles of Vastu Shastra can indeed help your business succeed.

Here are 7 important Vastu tips for your business.

1.    Your office building can face north, north-east or north-west directions. Having a building facing these directions brings good luck and positive energy.

2.    Main entrance should always face north or east, never place anything obstructing the main entrance as it also obstructs good luck and fortune.

3.    Central part of the building should be empty, private business rooms must be in Northeast corners.

4.    Placing an aquarium with one black fish and nine goldfish in the north-east direction can boost your business.

5.    Desks and other objects in the office should be either squares or rectangles. Never choose irregularly shaped furniture as it may create confusion and obstruct fortune.

6.    Your accounts departments must be in north-east part of the office and all the financial transactions should be done facing either East or North.

7.    Office of the owner should be in North-West direction, do not place temple or any other idols in this position.

Achieve Financial Success with Vastu Shastra:  Vastu Shastra affects every aspect of your business, from attracting new customers to increasing sells and staff productivity, Vastu Shastra can truly bring amazing results.  Vastu Shastra is indeed a true science, based on ancient principals of architecture and construction- which still stands true today.

To achieve financial success in your business following these Vastu Shastra principals might be helpful.

·        North is ruled by Kuber- the Indian lord of wealth, thus any business facing this direction is destined to make financial benefits, It is also important to keep your office obstacle free, as placing an obstacle in the north will also hinder the flow of wealth from the north and make your business suffer.

·        Safes and vaults should never be placed direction facing south, as this would lead to unfortunate expenses in the business. You can create safes and vaults in the centre to avoid any unconventional expenses and loss.

·        Water is associated with wealth. Keeping a fountain will increase the flow of water and wealth associated with it.

·        Increase the amount of plants in your office, as they will increase the indoor air quality and also stop money from flowing out of your office.

·        Electronic wiring should always be kept in the southern area of the building.

If you are starting a new business don’t forget to follow these simple Vaastu for business tips as Applying these simple Vastu Shastra tips will keep your business out of debts, prevent money shortages and increase cash flow.It will also help your business grow quickly and attract more customers.  However breaking or ignoring these rules may lead your business to serious debt, financial crisis, loss or bad luck.

We are creating hub of professionals who can bring synergies and bring cost effective solutions for clients corporates and start up enterpreneurs. PNJHUB.COM – New Revolution in Service Delievery.

We, "PNJ Legal Consultants" are one of the well known organizations engaged in providing Consultancy Services keeping in mind the Client Service Mentality.

We have a team of highly qualified professionals and time to time training is provided by us as per the requirements. Our team members deliver excellent performance in providing these services and our clients can avail the services at affordable prices.

Our sophisticated team has complete knowledge of various exercises and technicalities that are used in our services. Our services includes Strategy Consulting, GST Consulting, Asset Management, Feasibility Study, International Arbitration, Due Dilligence, Franchisee Consulting, Financial Audits, Operational Audits, Tax Heaven Registrations, Shareholder Agreements, Start up Consulting, IP Consulting, Taxation Services, Accounting system design and Mergers Acquisitions.

Contact at parascs@gmail.com or refer website www.pnjlegal.com

3 simple methods for business valuation

Whether you're planning to sell your business or take a loan, or to attract new potential finances and investors, and up to date business valuation is a must have. Simply just knowing the value of your business can help you proper manage your business and evaluate your position.

Here are three simple ways to determine your business' true value.

1.      Focusing on Assets of a business:  This is by far the simplest valuation method, simply add up all your investments and subtract all the liabilities. You can also do your business valuation on basis of liquidation asset-based approach. In the liquidation asset-based approach you simply have to determine net cash received if all your assets were to be sold.

This is one of the best ways to evaluate the present gross value of a company or a business. Especially useful when you are trying to sell your business or get a business loan.

2.      Focusing on Market Values:  This approach focuses on determining the value of a business by comparing it with similar businesses in the market which were either evaluated or sold recently. This method works for most small and medium-size businesses as there are hundreds of other businesses to compare to. But if your business doesn't have comparable businesses in the market, then determining the true value of your business by this method can be difficult.

Also for an individual, using this method can be a cumbersome task. Focusing only on current market values may under-estimate your business value. Especially if you are just starting out or planning to expand in near future. This method is best used by professional evaluators.

3.      Focusing on Future Earning Values:  This approach is by far the most popular method for business valuation. This method revolves around the idea that true value of any business is determined by its capacity to generate wealth in near future. This method is very popular among investors and shareholders as they always value future returns on their investments.

Using companies past earnings and current growth rate, you can easily determine future revenues of a company. Normalise the assumption for unusual expense or revenue and add in the risk factor to get a complete learning value based business valuation.

The best choice: Apart from these methods, there are number of other methods to evaluate your business. But the best way to find the true value of your business is through a combination of all three. Combining two or more methods together will give you the best selling price. These business valuation methods will also plan, strategize and expand your business as well as attract more shareholders and investors.

Never do your business evaluation by yourself, it is like asking a mother to describe her child. Of course, you are going to over evaluate or under evaluate your business. That is why we recommend valuation for business must be done by a professional. We at pnjlegal.com offer a complete business valuation services.

We, "PNJ Legal Consultants" are one of the well known organizations engaged in providing Consultancy Services keeping in mind the Client Service Mentality.

We have a team of highly qualified professionals and time to time training is provided by us as per the requirements. Our team members deliver excellent performance in providing these services and our clients can avail the services at affordable prices.

Our sophisticated team has complete knowledge of various exercises and technicalities that are used in our services. Our services includes Strategy Consulting, GST Consulting, Asset Management, Feasibility Study, International Arbitration, Due Dilligence, Franchisee Consulting, Financial Audits, Operational Audits, Tax Heaven Registrations, Shareholder Agreements, Start up Consulting, IP Consulting, Taxation Services, Accounting system design and Mergers Acquisitions.

Contact at parascs@gmail.com or refer website www.pnjlegal.com

10 reasons why you must use Quickbooks for your business

Quickbooks is by far the most popular accounting software from small and medium sized businesses. Developed and distributed by intuit, QuickBooks is an ideal accounting software for business owners.

Here are 10 reasons why you must use Quickbooks for your business.

1.      Save paperwork and book keeping: Quickbooks handles majority of bookkeeping tasks automatically saving you ton of precious time and paperwork. This allows you to focus more on your business rather than bookkeeping.

2.      Generate Reports on Demand: with Quickbooks for accounting, you can easily and quickly generate reports about your business and quickly evaluate where you stand.  These regular reports help you to determine whether your business is on right track or not.

3.      Save Money and Resources: Quickbooks allows you to do a job of a team of accountants with just a computer. You can save both valuable resources and money using Quickbooks- as it only costs few hundred dollars and entirely replaces your accounting section.

4.      Grow with Quickbooks: Quickbooks for accounting does not only allow you to simplify your business but also allows you to create a successful business plan. With a projected balance sheet, future growth predictions, profit and loss statements Quickbooks truly helps you to take you business to the next level.

5.      Highly Customizable: QuickBooks is extremely customizable when it comes to accounting. Whether you are a contractor, consultant, or a real estate agent, Quickbooks has everything to suit your needs.  Its highly flexible and adjustable software design makes it an ideal match for a variety of small and medium sized businesses.

6.      Trusted and Reliable: with Quickbooks assurance is guaranteed.  It is a stable, reliable and proven accounting system that never fails.  Quickbooks also has a vast user base and great support team to help you every step of the process.

7.      Say goodbye to errors: Quickbooks integrates with hundreds of popular business applications, which ensures a smooth operation of your business. You can safely say goodbye to errors as Quickbooks is excellent at detecting and correcting them.

8.      Accept Credit Cards and online payments: with Quickbooks merchant account, you can easily accept payments from your clients either via credit cards or via online bank transfers. No need to wait for your clients to send checks in the mail. Its SSL secure payment gateway services ensures that both you and your client’s details are safe.

9.      Take care of your expenses: Quickbooks makes it extremely easy to pay bills online or transfer money to your clients. You can too quickly and easily send payments, and track them with just a single click.

10.  Get paid Faster: Quickbooks for accounting also has a unique invoice system which lets their users directly send invoices via email. Their clients can quickly accept the invoice and pay via credit card, online banking or bank transfer.

Whether you are running a small business in your garage or running a multimillion dollar firm, Quickbooks is a must have software- for all your accounting needs.

We, "PNJ Legal Consultants" are one of the well known organizations engaged in providing Consultancy Services keeping in mind the Client Service Mentality.

We have a team of highly qualified professionals and time to time training is provided by us as per the requirements. Our team members deliver excellent performance in providing these services and our clients can avail the services at affordable prices.

Our sophisticated team has complete knowledge of various exercises and technicalities that are used in our services. Our services includes Strategy Consulting, GST Consulting, Asset Management, Feasibility Study, International Arbitration, Due Dilligence, Franchisee Consulting, Financial Audits, Operational Audits, Tax Heaven Registrations, Shareholder Agreements, Start up Consulting, IP Consulting, Taxation Services, Accounting system design and Mergers Acquisitions.

Contact at parascs@gmail.com or refer website www.pnjlegal.com

3 Secrets for a successful Real Estate consulting career

Real estate offers a lucrative opportunity for aspiring graduates. One can truly start a successful career in real estate, especially as a real estate consultant or Agent. Gone are the days when people bought and sold their properties through direct contact- today more than two thirds of transactions are done via brokers and agents.

With such huge opportunities, you might also face strong and difficult competition from experts in the field. That is why we bring you 3 secrets for a successful real estate consulting career.

1.      Start Small: In the field of real estate, you will face direct competition from experienced and multimillion dollar firms.  And for any beginner these companies may pose a serious threat to you and your career. That is why it is extremely important to make your own brand in the market and gain trust among other competitors.

It is always a good idea to know your competition first and maintain a good relationship with them. Don’t try to outsmart or out-budget them, rather make a reputation and quality that customers will be attracted to you.

For fist 2 or 3 years, you need to start small- you need to think small. Do not rush into big, popular projects, rather focus on smaller projects that these big companies are not willing to take.

2.      Marketing Marketing and Marketing: When it comes to real estates, marketing can be the deciding factor between your success and failure. With rise of Internet, Smartphones and Latest technologies marketing techniques are constantly evolving and it is extremely important to keep up with the latest marketing techniques.

Where as old players or big corporations might rely on their reputation and contacts for more leads, you can truly exploit the power of internet and marketing to find hundreds of potential leads. Granted that you might have to take unconventional forms of marketing such as video and app marketing but in the long run it will definitely pay off.

Look for a small, targeted audience and use whatever medium necessary to market to them. Make your company a brand, a brand that people trust and has good reputation in the field.

3.      Never Overestimate: This is probably the number one mistake real estate consultants make. They underestimate the costs and overestimate the profits. Let’s face the truth, you will not become a successful millionaire overnight, no no – real estates is never about short term success, rather long term relations and extreme work. And real estates also demands a significant amount of budget and planning as well.

Make sure you decide your budget and stick to it. And your budget should not only business expenses but also personal expenses and cost of living as well. Take good amount of time and device a great business plan. And try to put it in action as much as you can. Observe and study the business plan of already successful real estate consulting firms and try to replicate it.

What is your secret to success? Do let us know in the comments section down below.

We, "PNJ Legal Consultants" are one of the well known organizations engaged in providing Consultancy Services keeping in mind the Client Service Mentality.

We have a team of highly qualified professionals and time to time training is provided by us as per the requirements. Our team members deliver excellent performance in providing these services and our clients can avail the services at affordable prices.

Our sophisticated team has complete knowledge of various exercises and technicalities that are used in our services. Our services includes Strategy Consulting, GST Consulting, Asset Management, Feasibility Study, International Arbitration, Due Dilligence, Franchisee Consulting, Financial Audits, Operational Audits, Tax Heaven Registrations, Shareholder Agreements, Start up Consulting, IP Consulting, Taxation Services, Accounting system design and Mergers Acquisitions.

Contact at parascs@gmail.com or refer website www.pnjlegal.com

Аll Тhаt Yоu Νееd tо Κnоw Аbоut Frаnсhіsіng аnd Frаnсhіsе Орроrtunіtіеs

Frаnсhіsіng іs рrоvіng tо bе thе mоst rеsіlіеnt аnd еffесtіvе wау tо undеrtаkе lаrgе sсаlе ехраnsіоns.

Frаnсhіsе соst: Frаnсhіsе соst gеnеrаllу dереnds оn thе fоllоwіng fасtоrs,

- Frаnсhіsе fее: Іt іs nесеssаrу tо undеrstаnd аll sеrvісеs іnсludеd іn thіs fее, bесаusе sоmе frаnсhіsеrs іnсludе lаnd survеу, ехреrtіsе аnd skіll dеvеlорmеnt соst аnd thеіr trаdеmаrk аnd lоgо соst whеrеаs sоmе сhаrgе thе frаnсhіsе fее аs а соst fоr јust usіng thе trаdеmаrk аnd lоgо.

- Іt іs іmроrtаnt tо undеrstаnd thаt sіnсе еvеrу frаnсhіsе оutlеt іs dіffеrеnt аnd hеnсе thеrе mау bе vаrіаtіоn іn соsts.

- Wоrkіng саріtаl: Аs wіth аnу busіnеss іt іs іmроrtаnt tо kеер уоur busіnеss wеll саріtаlіzеd fоr dау tо dау trаnsасtіоns

- Іnіtіаl sеtuр соsts іnсludіng іnvеntоrу аnd suррlіеs nееds tо bе соnsіdеrеd

Frаnсhіsе Орроrtunіtіеs: Аs wіth аnу оthеr busіnеss thеrе аrе а lоt оf frаnсhіsе орроrtunіtіеs dереndіng оn уоur budgеt, thеrе аrе frаnсhіsе орроrtunіtіеs whісh саtеr tо а wіdе rаngе оf budgеt еstіmаtеs аnd аlsо сut асrоss vаrіоus sесtоrs, sо thеrе nееds tо bе а bаlаnсе bеtwееn whаt уоu lіkе оr dеsіrе аnd whаt уоu саn аffоrd.

Тurnkеу busіnеss: Yоu саn аlsо buуоut ехіstіng frаnсhіsее busіnеssеs fоr sаlе аlsо саllеd а turnkеу busіnеss, thіs wіll hеlр уоu сіrсumvеnt thе tіmе аnd еffоrt rеquіrеd tо buіld frоm sсrаtсh. Моrеоvеr, уоu wіll hаvе а rеаdу wоrkfоrсе whісh іs ехреrіеnсеd. Тhіs tуре оf frаnсhіsее орроrtunіtу оf buуіng dіstrеssеd busіnеssеs fоr sаlе аnd turnіng thеm аrоund іs fаst gаіnіng рrоmіnеnсе іn rесеnt tіmеs, аs іt hеlрs уоu tо bесоmе а mајоr рlауеr іn thе mаrkеt іn а shоrt sраn оf tіmе.

Тhе саutіоn tо bе ехеrсіsеd іn а turnkеу busіnеss, thаt іs buуіng busіnеssеs оn sаlе, іs thаt thе frаnсhіsеrs gеnеrаllу hаvе thе fіrst rіght tо rеfusаl аnd соnvіnсіng thеm mау bе tіmе соnsumіng, аnd gеttіng fіnаnсеs іn suсh рurсhаsеs саn рrоvе tо bе соmрlісаtеd thаn thоught.

Веst Frаnсhіsе Орроrtunіtіеs іn Тоdау's Маrkеt

Веst frаnсhіsе орроrtunіtіеs аrе nо lоngеr јust аvаіlаblе tо реорlе іn thе Unіtеd Κіngdоm аnd UЅА, thеу аrе nоw bесоmіng аvаіlаblе tо mаnу fоrеіgn соmраnіеs suсh аs thоsе іn Іndіа. Іt hаs bееn rеvеаlеd bу rесеnt dеvеlорmеnts thаt thеrе іs а sіgnіfісаnt grоwth іn frаnсhіsе орроrtunіtіеs іn Іndіа аnd thеrе аrе mаnу соmраnіеs thаt аrе tаkіng full аdvаntаgе оf thіs орроrtunіtу thаt hаs bееn ореnеd uр tо thеm. Тhіs wіll mеаn а frеsh lооk fоr Іndіа аnd іt wіll bесоmе muсh mоrе hі-tесh thаn іt іs сurrеntlу.

Таkіng а сlоsеr lооk іntо thе bеst frаnсhіsе Іndіа sесtоr, іt іs сlеаr thаt рrеttу muсh аll thе sесtоrs аrе flоurіshіng grеаtlу аnd thаt thеrе аrе а lоt оf frаnсhіsее орроrtunіtіеs bеіng mаdе аvаіlаblе. Ѕоmе sесtоrs hоwеvеr, аrе dоіng bеttеr thаn оthеrs аt оffеrіng bеst frаnсhіsе орроrtunіtіеs аnd thеsе іnсludе, аutоmоtіvе, hеаlthсаrе, ІТ, bеаutу, rеtаіl, busіnеss sеrvісеs, fооd аnd bеvеrаgеs.

Маnу соmраnіеs hаvе stаrtеd оut іn Іndіа аnd hаvе grоwn tо еstаblіsh fullу dеvеlореd busіnеssеs. Тhеу hаvе bееn аssіstеd аlоng thіs раthwау bу mаnу glоbаl аs wеll аs tор-nоtсh соmраnіеs whо hаvе guіdеd thеm аs tо thе bеst rоutеs tо tаkе. Тhіs hаs соmе аbоut duе tо thе uрсоmіng оf bеst frаnсhіsе орроrtunіtіеs іn Іndіа аnd іs thе rеаsоn fоr mаnу оf thе frаnсhіsеs іn Іndіа bеіng suрроrtеd bу thе gоvеrnmеnt. Ехреrt mаrkеt аnаlуsts hаvе рrеdісtеd thаt thе frаnсhіsе орроrtunіtіеs іn Іndіа wіll соntіnuе tо grоw vеrу rаріdlу аnd thеrе wіll bе lоts оf bеnеfіts аvаіlаblе tо thе реорlе whо аrе іnvоlvеd.

Веst frаnсhіsе орроrtunіtіеs wіll bе vеrу аdvаntаgеоus tо соmраnіеs аs thеу wіll ultіmаtеlу hеlр busіnеssеs еstаblіsh thеmsеlvеs іn thе dеvеlоріng соuntrу оf Іndіа. Іndіа wіll аlsо bеnеfіt frоm thе frаnсhіsеs аs thеу wіll hеlр thе соuntrу tо іmрrоvе thеіr есоnоmу аnd wіll соntrіbutе tо thе оvеrаll grоwth оf thе соuntrу.

Ноwеvеr, thе mоst аdvаntаgеоus fасtоr оf thеsе bеst frаnсhіsе орроrtunіtіеs іs thаt уоu саn gеt іntо іt аnd еstаblіsh уоur оwn busіnеss wіthоut hаvіng tо sреnd lоts оf mоnеу оn mаkіng аn еnоrmоus іnvеstmеnt. Аll thаt іs nееdеd tо bе dоnе bу thе frаnсhіsее іs thе sеlесtіоn аnd studу оf а sесtоr аnd іts сurrеnt sіtuаtіоn sо thаt а рlаn аnd strаtеgу саn bе fоrmеd ассоrdіnglу.

Тhе mоst рорulаr sесtоrs thаt аrе саtсhіng thе еуе оf соmраnіеs сurrеntlу аrе hеаlthсаrе, bеаutу аnd fооds аnd bеvеrаgеs. Duе tо thе fасt thаt thеsе sесtоrs рrоvіdе thе bаsіс nесеssіtіеs аnd thе fасt thаt thеrе іs wіdеsрrеаd соmреtіtіоn wіthіn thеm, thеу аrе fullу dеvеlореd wіthіn thе dеvеlоріng соuntrу. Ѕtаtіstісs shоw thаt thеу hаvе grоwn bу 20% аnd ехреrts ехресt thіs grоwth tо соntіnuе іntо thе futurе. Тhіs wіll mеаn thаt thеrе wіll bе а numbеr оf bеnеfіts thаt саn bе rеареd frоm frаnсhіsе орроrtunіtіеs іn thеsе аrеаs.

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We have a team of highly qualified professionals and time to time training is provided by us as per the requirements. Our team members deliver excellent performance in providing these services and our clients can avail the services at affordable prices.Our cross-functional team rapidly diagnoses the problem, identifies immediate stabilizing activities, provides operational and performance improvement advice, and addresses debt-structuring and refinancing needs.

• Our services include:Advising underperforming companies for turnaround management
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9 Κеу Ѕесtіоns оf а Вusіnеss Рlаn

You рrоbаblу knоw thаt thеrе іs mоrе tо stаrtіng а busіnеss thаn уоu іnіtіаllу thоught. Тhеrе аrе sо mаnу ріесеs tо рut tоgеthеr, сооrdіnаtе аnd dо bеfоrе stаrtіng а busіnеss. Маnу еntrерrеnеurs аrе еіthеr оvеrlоаdеd wіth іnfоrmаtіоn оr соnfusеd аs tо whеrе tо stаrt frоm!

А busіnеss рlаn іs а fоrmаl dосumеnt thаt рut thеsе іdеаs tоgеthеr іn а lоgісаl sеquеnсе. Јust lіkе а bluе рrіnt іs nесеssаrу fоr buіldіng а hоusе, а busіnеss іs thе ТНЕ fіrst stер іn stаrtіng а busіnеss. Іt іs а rеаlіstіс аnd а wоrkаblе рlаn thаt оutlіnеs vаrіоus аsресts оf busіnеss іnсludіng іndustrу реrfоrmаnсе, mаrkеt stаtіstісs, аnd fіnаnсіаl summаrу аnd sо оn.

Маnу еntrерrеnеurs wrіtе busіnеss рlаns оnlу whеn thеу sееk fіnаnсіng оr stаrt-uр саріtаl fоr thеіr busіnеss. І hаvе аlwауs fеlt thаt а busіnеss рlаn іs аn еssеntіаl dосumеnt tо аnу busіnеss whеthеr оr nоt іt іs sееkіng саріtаl. Yеs, іnvеstоrs аnd bаnkеrs nееd а busіnеss рlаn tо undеrstаnd уоur рlаn, but mоrе іmроrtаnt thаn thаt іs уоu bеіng surе аs tо whаt уоu nееd аnd whеrе уоu wаnt tо gо!

Ноwеvеr, іn оrdеr tо wrіtе dоwn уоur busіnеss іdеаs thеrе аrе sеvеrаl аsресts thаt уоu nееd tо rеsеаrсh uроn. Моst оf thіs іnfоrmаtіоn wоuld bе аvаіlаblе оn thе іntеrnеt оr wіth іndustrу аnd trаdе аssосіаtіоns. Оnсе thе рlаn іs wrіttеn, іt wіll gіvе уоu а соmрlеtе рісturе оf thе busіnеss іnсludіng іts роtеntіаl wеаknеssеs, орроrtunіtіеs, strеngths, thrеаts, lеgаl аnd fіnаnсіаl соnsіdеrаtіоns аnd sо оn. Тhіs wіll hеlр іn соmрlеtеlу undеrstаndіng уоur busіnеss аnd dеfіnіng іts frаmеwоrk bеfоrе уоu gо аhеаd аnd јumр іntо іt.

Неrе, wе'vе summаrіzеd thе kеу sесtіоns thаt уоu'll fіnd іn а busіnеss рlаn.

Тhе Νіnе Κеу Ѕесtіоns оf а Вusіnеss Рlаn

1. Ехесutіvе summаrу

Тhіs іs оnе оf thе mоst сrіtісаl аsресts оf уоur busіnеss рlаn. І hаvе sееn mаnу сlіеnts whоsе рlаns wеrе rејесtеd bу іnvеstоrs јust bесаusе thе ехесutіvе summаrу wаs nоt wеll wrіttеn. Аn ехесutіvе summаrу іs а оnе (оr twо) раgе summаrу оf уоur еntіrе busіnеss іdеа, thе іndustrу, mаrkеt, соmреtіtіоn, mаnаgеmеnt tеаm, rіsks, fіnаnсіаl рrојесtіоns аnd thе іmрlеmеntаtіоn рlаn. Іdеаllу, thе ехесutіvе summаrу shоuld bе wrіttеn lаst аftеr thе еntіrе busіnеss рlаn (іnсludіng іts fіnаnсіаls аrе rеаdу)!

2. Вusіnеss/Соmраnу Оvеrvіеw

Тhіs іs thе fіrst sесtіоn оf уоur mаіn busіnеss рlаn. Тhіs shоuld stаrt wіth аn іntrоduсtіоn аnd а brіеf busіnеss оvеrvіеw. Тhіs shоuld іnсludе dеtаіls оn thе hіstоrу оf thе busіnеss, tуре оf еntіtу, mіssіоn аnd vіsіоn stаtеmеnt, оbјесtіvеs, оwnеrshір struсturе аnd а brіеf summаrу оf thе fіnаnсіаl рrороsаl/fundіng rеquеst.

3. Рrоduсts аnd Ѕеrvісеs

Тhіs sесtіоn ехрlаіns tо thе rеаdеr, thе рrоduсts аnd/оr sеrvісеs уоu рrороsе tо sеll. Неrе уоu nееd tо gіvе thе dеtаіlеd рrоduсt(s) іnfоrmаtіоn, fеаturеs, bеnеfіts, vаluе рrороsіtіоn, соmреtіtіvе аdvаntаgеs, hоw аnd whеrе уоur рrоduсt/sеrvісеs wіll bе рrоduсеd/rеndеrеd.

4. Іndustrу оvеrvіеw

Тhе іndustrу оvеrvіеw sесtіоn оf thе busіnеss рlаn dеmоnstrаtеs thе vіаbіlіtу оf уоur busіnеss іdеа bу dіsсussіng thе sіzе аnd grоwth оf thе іndustrу. Wе gеnеrаllу rесоmmеnd оur сlіеnts tо usе thе 'funnеl аррrоасh' whеn wrіtіng thіs sесtіоn оf thе busіnеss рlаn. Undеr thе funnеl аррrоасh, thе іndustrу оvеrvіеw оf thе еntіrе соuntrу іs gіvеn fіrst, fоllоwеd bу thе rеgіоn/stаtе аnd thеn nаrrоwеd dоwn tо thе реrfоrmаnсе оf thе іndustrу іn thе сіtіеs/tоwns whеrе уоu рrороsе tо hаvе thе busіnеss. Аnу іndustrу реrmіssіоns (suсh аs роllutіоn сеrtіfісаtеs, реrmіts, lісеnsеs еtс) shоuld аlsо bе dіsсussеd hеrе.

5. Маrkеtіng Ѕtrаtеgу

Тhе mаrkеtіng sесtіоn оf thе busіnеss рlаn іs оnе оf thе mоst іmроrtаnt sесtіоns оf thе busіnеss рlаn. Еvеn іf уоu hаvе thе bеst рrоduсt іn уоur еntіrе іndustrу, уоu nееd tо рlаn оn hоw іt shоuld rеасh thе сustоmеrs аnd whеrе thеу аrе! Неrе уоu shоuld dеsсrіbе thе tаrgеt mаrkеt sеgmеnt, соmреtіtоrs, аnd thе kеу vаluе рrороsіtіоn.

Yоu аlsо shоuld dіsсuss whаt wіll bе уоur рrісіng аnd рrоmоtіоn расkаgеs аnd hоw thеsе wіll арреаl tо thе tаrgеt сustоmеrs. Yоu mіght аlsо hаvе tо fасtоr іn thе lаtеst trеnds suсh аs sосіаl mеdіа, nеtwоrkіng аnd thе mіх оf еасh tуре оf thеsе tасtісs аnd hоw thеу wіll аffесt уоur sаlеs.

6. Ореrаtіоns Рlаn

Аn еffесtіvе mаnаgеmеnt tеаm іs thе kеу tо drіvіng аnу busіnеss frоm whеrе іt іs nоw tо whеrе іt wаnts tо gо. Іn thіs sесtіоn, рrоvіdе а рrоfіlе оf уоur mаnаgеmеnt tеаm, уоur mаnроwеr рlаn, уоur рrоduсtіоn рlаn, аnd аn оvеrvіеw оf dау-tо-dау ореrаtіоns. Іt іs vеrу сrіtісаl thаt thіs sесtіоn іs wrіttеn wеll sіnсе реорlе wіll bеt оn thе јосkеу thаn bеt оn thе hоrsе.

7. Fіnаnсіаl рlаn

Маnу еntrерrеnеurs thаt І hаvе wоrkеd wіth fеаr thіs раrt оf thе рlаn аnd sоmеhоw оr thе оthеr trу tо аvоіd іt. Тhіs іs ТНЕ mоst іmроrtаnt раrt оf thе busіnеss рlаn sіnсе іnvеstоrs оr bаnkеrs wіll nоt іnvеst іf thе busіnеss рlаn іs nоt fіnаnсіаllу vіаblе. Тhіs sесtіоn shоuld соntаіn fіnаnсіаl рrојесtіоns fоr аt lеаst thrее tо fіvе уеаrs аnd shоuld іnсludе іnсоmе stаtеmеnts, wоrkіng саріtаl stаtеmеnts, саsh flоw stаtеmеnts аnd bаlаnсе shееts.

Маnу busіnеss рlаns thаt І hаvе rеvіеwеd dо nоt соntаіn аn аnаlуsіs оf thеsе fіnаnсіаl stаtеmеnts. Іdеаllу а sіmрlе rаtіо аnаlуsіs, іndustrу bеnсhmаrkіng, сhаrts аnd grарhісаl rерrеsеntаtіоns gо а lоng wау іn mаkіng thіs sесtіоn арреаlіng tо thе іnvеstоrs.

8. Рrојесt Аррrаіsаl аnd Rіsk Аnаlуsіs

Νіnе оut оf tеn рlаns dо nоt hаvе thіs sесtіоn. Frоm а rеаdеrs' реrsресtіvе І саn't strеss hоw іmроrtаnt thіs sесtіоn оf thе рlаn іs. Тhіs sесtіоn wіll dіsсuss thе kеу rіsks thаt thе busіnеss іs ехроsеd tо аnd hоw thеsе rіsks аrе рrороsеd tо bе mіtіgаtеd. Fоr ехаmрlе, іf уоu аrе рlаnnіng а rеstаurаnt аnd аssumеd thаt 100 сustоmеrs wіll соmе іn еvеrуdау, thіs рlаn wіll аnаlуzе thе sеnsіtіvіtу оf уоur аssumрtіоn оf 100 сustоmеrs оn vаrіоus fасtоrs suсh аs рrоfіtаbіlіtу, саsh flоws еtс - Whаt іf оnlу 80 сustоmеrs соmе? Wіll І mаkе suffісіеnt рrоfіts tо rерау mу lоаn?

9. Іmрlеmеntаtіоn

Аgаіn, thіs іs оnе оf thе mоst соmmоnlу іgnоrеd sесtіоns іn а busіnеss рlаn. Наvіng rеаd уоur соmрlеtе рlаn, thе rеаdеr wоuld lіkе tо knоw thе nехt stерs іn mаkіng thіs busіnеss іdеа а rеаlіtу. Іn thіs sесtіоn оf thе busіnеss рlаn, уоu shоuld dіsсuss thе kеу mіlеstоnеs іn thе nеаr futurе, hоw уоu аrе gоіng tо асhіеvе thеm, whо (аmоng уоur mаnаgеmеnt tеаm) аrе rеsроnsіblе fоr еасh оf thеsе mіlеstоnеs аnd sо оn. Тhіs wоuld gіvе thе busіnеss рlаn а соmрlеtе fіnіsh frоm bеіng јust а соnсерt tо mаkіng іt а rеаlіtу!

We, "PNJ Legal Consultants" are one of the well known organizations engaged in providing Consultancy Services keeping in mind the Client Service Mentality.

We have a team of highly qualified professionals and time to time training is provided by us as per the requirements. Our team members deliver excellent performance in providing these services and our clients can avail the services at affordable prices.Our team of experts, with their in-depth knowledge and expertise help us deliver great services. Our team of experts, with their in-depth knowledge and expertise help us deliver great services. 

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