Simplicity and Speed in Implementation Improves Profitability
I had a remarkable experience recently! I was having a chat with Samay Joseph. He has a small electrical projects business but works with big names in the Government and Private sectors. Samay was struggling hard to manage some 15 or 16 odd projects his company was handling. He had a project cum operations guy who managed everything through site supervisors. No systematic reporting from sites was possible. Expenses could not be tracked or contained well either. Site supervisors exhausted their advances and spent from pockets at times to maintain timelines. Accounts guy couldn't release funds in time to sites as he didn't have verifiable evidences. Work got delayed and profitability suffered as Samay had little basis for making reasonable decisions! The more Samay got involved in solving chaos the less time he had for the bigger picture! He was stuck!