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Chandu

Chandu Nair  | Answer  |Ask -

VC, Angel Investing, Entrepreneurship Expert - Answered on Nov 02, 2023

Chandu Nair advises entrepreneurs and enterprises about creating and building their business.
He has direct experience in angel, venture capital and strategic investor funding. Over the last three decades, he has made a name for himself in industry, consultancy, media and information services.
Nair is on the advisory boards of the Chennai-based private equity firm Fulcrum and the social impact fund, Menterra. He's an independent director on the board of India's first retail building products company, Shankara Building Products Limited.
He was the co-founder of Scope e-Knowledge Center, a pioneering knowledge process outsourcing company, as well as the co-founder of a business-to-business e-commerce venture, both of which he successfully exited.... more
Asked by Anonymous - Sep 08, 2023Hindi
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Career

Hi, am looking for starting a textile recycling business. But I don't know how i start.

Ans: What is your motivation and background for starting such a business? It is not clear. Need more information
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Shekhar

Shekhar Kumar  | Answer  |Ask -

Leadership, HR Expert - Answered on Apr 15, 2024

Asked by Anonymous - Apr 11, 2024Hindi
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Career
How to take retail business in readymade Garments on line step by step advice required
Ans: Starting an online retail business in ready-made garments can be an exciting venture. Here's a step-by-step guide to help you get started: You should begin by researching the online retail market for ready-made garments then identify your target audience, competitors, popular trends, and potential demand for your products. Use this information to refine your business idea and develop a unique selling proposition (USP). Outline your business objectives, target market, product range, pricing strategy, marketing plan, and financial projections in a comprehensive business plan. This will serve as a roadmap for your online retail venture and help you secure financing if needed. Register your business with the appropriate authorities and obtain any necessary licenses or permits to operate an online retail business. Ensure compliance with local regulations related to e-commerce, taxation, and consumer protection laws.

Source high-quality ready-made garments from reliable suppliers or manufacturers. Establish relationships with wholesalers, distributors, or fashion designers to ensure a consistent supply of inventory for your online store. Choose an e-commerce platform to host your online store. Popular options include Shopify, WooCommerce, BigCommerce etc. Select a platform that aligns with your budget, technical expertise, and customization needs. Design and develop your online store using the chosen e-commerce platform. Customize the website layout, colors, fonts, and navigation to create a visually appealing and user-friendly shopping experience for your customers. Ensure that your website is mobile-responsive for seamless browsing on smartphones and tablets. Create detailed product listings for each item in your inventory. Include high-quality images, accurate descriptions, sizing charts, and pricing information to help customers make informed purchasing decisions.

Organize your products into categories and subcategories for easy navigation. Set up secure payment processing for your online store by integrating payment gateways such as PayPal, Stripe, or Square. Offer multiple payment options to accommodate customer preferences and ensure a smooth checkout process. Determine your shipping strategy, including shipping rates, delivery methods, and shipping zones. Partner with reliable shipping carriers or fulfillment centers to handle order fulfillment, packaging, and shipping logistics. Provide tracking information to customers for order transparency and peace of mind. Develop a comprehensive marketing plan to attract customers to your online store. Utilize digital marketing channels such as social media, email marketing, search engine optimization (SEO), and pay-per-click (PPC) advertising to increase visibility and drive traffic to your website. Consider offering promotions, discounts, and loyalty programs to incentivize purchases and foster customer loyalty. Prioritize excellent customer service to build trust and credibility with your customers. Provide multiple channels for customer support, such as email, live chat, and phone support. Respond promptly to inquiries, address customer concerns, and strive to exceed customer expectations at every touchpoint. Monitor your website performance and track key metrics such as website traffic, conversion rates, and sales revenue using analytics tools like Google Analytics. Use this data to identify areas for improvement, optimize your website for better performance, and make data-driven decisions to grow your online retail business.

Launching and growing a successful online retail business in ready-made garments requires dedication, perseverance, and continuous innovation. Stay adaptable, keep up with industry trends, and always prioritize the needs and preferences of your customers to build a thriving online brand. Best of luck! Feel free to contact me on Rediff Gurus if you need further assistance or help.

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Money
Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Money
Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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