Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Tuesday, 25 February 2003

STOCK TAKING

26 Feb 2003

Asutosh,

STOCK TAKING

Year 2002-2003 will end in a few weeks. So, it is time for stock-taking (i.e management reporting).

It is also time for setting achievement targets for 2003-04 of course, while setting targets for 2003-04 we must ask ourselves, following questions:

·     If we failed to achieve 2002/03 targets, why what were the reasons? Do these reasons still persist or have be managed to overcome?

·     To achieve 2002-03 targets what “resources” had we planned as “inputs”? Was there any shortfall in providing these inputs? Eg: Manpower/space/working capital/HW/SW etc.

·     While setting targets for 2003/04 what resources/inputs would we need and when? Are these clearly listed / quantified? Has action been initiated to “ACQUIRE” these resources? Should we set

-    An optimistic target

-    A pessimistic target

-    A “realizable” target.

Depending Upon: acquisitions” of various resources?
Please use enclosed form for compiling data.

The form should be filled in & ready in all respects by APRIL 5, 2003. No excuses!

By sending a copy of this note/form, I am asking Nirmit / Sriram / Raju / Kartavya to help you in compiling data, wherever you need their help (esp in Target-setting for “Invoicing/Net collection” for 2003/04, for each & every consultant AND for both the Team).

The “Invoicing/Net collection” targets exclude any revenues that may get generated from our Proposed “WEBSERVICE”.

NOTES

·     Obviously you cannot fill-in columns #14-15-16
·     It is also alright (for 2002/03, if you do not have fig’s to fill-in columns # 1-2-3

·     Column# 8 is same as column#11

·     Barring 1-2-3-14-15-16, all the rest are ESSENTIAL.

Once this chart is ready (by 5th April), you MUST get 2003/04 EXPENSE BUDGET & PROFIT-PLAN ready by 12th April, when I have suggested to hold 3P’s second Annual Meeting.

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