Small companies occupy a outstanding place in our society, not solely driving financial improvement, but in addition enriching our day by day lives in some ways. From job creation to GDP development, these institutions have left an indelible affect. The U.S. Small Enterprise Administration (SBA) stories that small companies account for 64% of latest jobs created in the US, reflecting their significance within the employment panorama. Moreover, they contribute roughly half of the nation’s GDP, additional highlighting their crucial function in supporting the economic system.
But regardless of their unimaginable potential, small companies usually face operational inefficiencies and an absence of complete folks administration programs. Though options designed for giant enterprises can’t be instantly utilized to small companies, a considerate transformation tailor-made to their distinctive wants is crucial.
For 17 years, creator, speaker and entrepreneur Kumar Vijayendra has devoted his skilled life to this transformation. As a thought chief and strategist, he seeks to reimagine the operations of small companies, enabling them to unlock their untapped potential.
Vijayendra is a daily columnist for main commerce journals, together with CEOWORLD Magazine, wherein he lately defined that the important thing to sustainability lies in continued operational excellence. “Immediately, sustainable practices defend restricted sources and help the well being of the ecological system, people, and the economic system,” he writes. “Regardless of this wholesome momentum in direction of sustainable improvement, small companies are one of the vital uncared for and but most essential gamers on this space. »
Kumar Vijayendra, creator, speaker, entrepreneur
He added: “Small companies in the US generate 44 p.c of the nation’s gross home product and make use of greater than 46 p.c of the workforce. With out the energetic participation of small companies on this effort, the nation will fail in its imaginative and prescient of a sustainable future. Whereas there at present is not sufficient educational analysis or coverage strain to empower small companies to embrace sustainability, there are a number of methods small companies can do their half with out outdoors intervention.
Vijayendra explored these ideas in additional element in an article for allBusiness Magazine, highlighting the challenges small companies face when attempting to combine sustainable operations administration into their core technique. “For small companies, monetary survival is a continuing concern,” he writes. “In survival mode, it’s troublesome to think about a solution to obtain the Sustainable Improvement Objectives, particularly contemplating that these initiatives could have a unfavorable affect on income. Nevertheless, viewing sustainability as an effort to enhance effectivity permits small companies to scale up this initiative with out lowering their income.
Vijayendra’s current analysis paper critically assesses the limitations to adopting sustainable operations amongst small companies. These well-articulated sources kind the premise of his upcoming e-book on inspiring small companies to undertake sustainable operations administration as a core technique.
“My entrepreneurial journey started after I observed this hole,” says Vijayendra. He pioneered a novel monetary answer designed particularly for small companies. “Then my work led me to uncover bigger operational and structural gaps that had been stopping small companies from realizing their full potential. This realization sparked my mission to bridge these gaps, one thing I imagine most enterprise college fashions fail to handle.
In his article lately printed in ForbesVijayendra additional highlights the important thing explanation why small companies ought to put sustainability on the coronary heart of their enterprise technique, drawing on cutting-edge analysis and real-world examples.
All through his consulting profession, Vijayendra has had a optimistic affect on many companies. He guided the $55 million Italian vitality firm Fortore Energia on the feasibility of coming into the U.S. cold-rolled metal market. For CSE Company, Vijayendra really helpful a product overhaul and go-to-market methods, facilitating the launch of their modern IoT-based landfill methane monitor. He additionally helped the Heart for Empathy Training develop a profitable go-to-market technique primarily based on buyer discovery and competitor evaluation.
This trade recognition lately earned Vijayendra admission to the distinguished Forbes Council. However his dedication doesn’t cease with for-profit entities; he supplies professional bono consulting to nonprofits such because the Neighborhood Meals Financial institution and the Hollister Downtown Enterprise Affiliation, and helped TiE USA develop a method to develop its membership.
His final perception is {that a} collaborative method is important to propel small companies ahead. In doing so, we cannot solely foster financial development, but in addition foster environmental and ecological revitalization. Small companies play a central function in our lives, and it’s by supporting their transformation that we are able to actually acknowledge their profound affect. Kumar Vijayendra’s work is a testomony to this as he continues to champion the reason for small companies globally.
Be taught extra: https://iamkumarv.com/
