Are we prepared for the future ?

While talking to various people concerning water business, about the Govt's decision to withdraw the "mandatory" tag for Packaged drinking Water, I am experiencing strange responses. Some are still not prepared to talk on the effects, waiting for final rules fssai will post. Some of them seem to be in denial mode like "there's no sufficient manpower with fssai". Some are shocked & complaining like they are victimised. No one seemed much happy & welcoming this decision.

I think, we as business owners are not taking future seriously enough. We should know, the economy is opening out, and with that, the license raaj is to go-out. This decision is a symbolic exexution of that. Reduced entry barriers. 

On the same lines, we should know that the PET is in danger. 90% of it is recycled, doesn't mean it's not dangerous. There is no alternative to PET for bottled water can't be the comfort zone. Suddenly there can be a law not to produce PET bottles anymore. Don't sail smooth & buy bigger Blowing Machines. Rather, try to find alternatives. If you are aware of the 17 SDG's , you will need to care about what I want to say.

The circumstances always give us indications, well in advance. As a business owner, do I look into it ?

Multinationals do.

Recently, I visited a Cafe at a Shell Petrol Pump. The cafe was good, however, not much crowded. It raised my curiosity to ask the manager as to what is the purpose of running this cafe inside the main city part ( not highway ).

Company is looking at next 20 years, he said. There won't be fuel like Diesel, Petrol in future. There will be charging stations, and they need time to get the vehicle charged. To spend the time during that, the cafes are purposed.

Thing to learn : Shell is learning & implementing decisions by listening to future. Can't I ?

Is it advisable to maintain separate business accounts for various purposes ?

I have seen many businessmen have separate accounts for 

• GST/Non-GST Transactions
• 100% Cash Transactions

It's very difficult to keep records this way. separate accounts, separate balance sheets. Confusions might happen and much more.

Then why businesses do it ?

The major reason may be insecurity of loosing business. They feel that their business will go down if the do not do that. 

To me :- 

This is not true. There are many ( most of the good businessmen ) who will deal with you only if you have a GST number. When we do not enter any non-GST, transaction, these are filtered out. Same applies to Cash transactions. If we decide, as a policy, to do 100% white transactions, those not doing it will get filtered out & we shall just focus on 100% white transactions. Only the professionals who respect taxation.

Where is the question of insecurity ? Those who don't respect this, were never my customers.

This happens too much in the bottled water ( indian ) context. By the way, the tax rate is 18% ( GST ) in India.

A Stich in Time, Saves Nine ....

This is a very popular proverb, which aptly applies to all ( many of them ) our dear water plant starters. 

Many a times, our training attendees become doubtful about their selection of already ordered machines. This happens after they attend the training. Our training is focused on helping the entrepreneur on creating a successful business, in which selection of machinery, appointing right suppliers, designing plant capacity, correctly knowing the resources is a very fundamental thing. 

This is not something great we do, just the very fundamental. And in this, we do not recommend any particular supplier/s. Yes, we do have a list of some of them with whom , either we have dealt in past, or they are better known, and don't need any introduction from our side. Again, we do not particularly recommend them only. It is a list, from whom you can source quotes, for comparing. Don't just rely on Youtube Videos or Indiamart, Alibaba. There are many, who don't care these media platforms, but may be there from ages.

😏Is it correct to re-check our ordered machinery ?

It's like going to another doctor for second opinion, when a surgery is already in process. There is hardly anything which one can do. So, better reassure whatever ordered without any doubt in mind. Trust your instinct and be with that. And also accept whatever is the outcome.

👉 Visit your Thought Journey 

However, it would be worthwhile to check as to why are you feeling doubtful. It might be because you would have decided to finish the machinery order to meet the set-up deadline. This action without first scrutinizing the vendors could be dangerous. Just check where is the origin of this doubt. At least you can protect yourself in future.

📌If you have still to appoint vendors ...

• Don't just compare by Prices
• Check truly how many plants/Machines the vendor has installed , verify, just don't go on the Client's list
• The vendor should have supplied at least 25 nos. of his machine/plants.
• You should verify that not in presence of the nendor, enquire like a 3rd party.
• Before all this, your plant capacity design should be proper. For this, check some of our videos dedicated to "Plant Cost". You can find one inside the Videos section inside our App. Also check other Free Content

Kindly go beyond & apply your own methods too. Thes are suggestions, nothing else.

😑 Still there are chances, that our decision goes wrong

This is not business, it's life. Series of unforeseen events & choices. So anything may go wrong even after that. The most you can do is to have a Plan - B ready. What can be the plan-B ? It will depend upon the situation; however, it will need some fresh/alternate source of Cash, availibility of capital, to execute the new decision, in time. Without getting into emotions. Time to improve emotional intelligence.