🔓 Revolutionizing one of the most UNORGANISED SECTORS in the Economy It's been about three years since I joined the family business in retail and jewelry manufacturing. I've found it challenging to fully grasp the daily operations of our store😅 Despite its glamorous appeal, retail jewelry remains one of the most unorganized sectors in the economy. AI and technology are now helping local family Jewelers like us align with more organized players in the industry by enabling greater experimentation, integration into daily operations and most importantly the importance of being data-driven and process-oriented. Here are a few takeaways ✔️Capture and analyze store performance metrics on the daily. 📊 ✔️ Embrace technology and adopt advanced management systems by investing in tech such as ERP systems ✔️ AI-driven inventory management systems that feature design banks, allowing retailers to showcase older designs that are not currently in stock, enhancing customer experience and choice. Have you included the use of AI and technology to transform your business management? Follow Sharad Arora for more insights on accesorising, Jewelry and Entrepreneurship!
Sharad Arora’s Post
More Relevant Posts
-
Corporate Trainer on People & Process Alignment | Business Networker | Manufacturer of Air Fresheners
𝑷𝒊𝒐𝒏𝒆𝒆𝒓𝒊𝒏𝒈 𝒂 𝒏𝒆𝒘 𝒑𝒂𝒕𝒉 𝒊𝒏 𝒕𝒐𝒅𝒂𝒚'𝒔 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝑳𝒂𝒏𝒅𝒔𝒄𝒂𝒑𝒆! In last couple of years, as an #entrepreneur I came across some of the great concept conceivers, who have been making a mark by their great pioneering ideas and are inspiring others. Vinay Balakrishnan, Thooshan, who manufactures edible cutlery Pooja Apte-Badamikar, manufacturer of footwear from scrap tyres, and there are few more concepts like paper bottles, bamboo socks & bags from scrap plastic & foils... All these are doing a pioneering work in different domains. So, in this series, let's discuss & understand the real essence of pioneering... The First Movers in the market. I got an opportunity to interview some of them from the platform of The Revolving Perspectives - Business Insights, where we act like a bridge carrying the voice of such inspiring stories to masses. And all of them shared one point, which is a common thread among them - their journey was & still is quite tough. Many of them took years to even kick start. After multiple failures, consistent research & continuous efforts, they could see the first day of successful production. Isn't this inspiring? So, what does pioneering mean? Its literal meaning is doing something for the first time. However, in the world of business, this term carries more shades & angles like, ~ The work, the idea or the product which is conceived to address some social cause or a problem as a sustainable solution ~ It helps the masses to deal with some crucial issue & is available or can be made available at a lower cost, affordable by larger section of the society ~ It is replicable & hence can reach a larger number of audience ~ It may address a future need, which is not sensed today but is envisaged as a critical concern for tomorrow ~ It may demand a change in mindset or approach of the receiver & hence awareness generation becomes a part & parcel of the marketing ~ It is a commercially viable proposal & despite it is first mover, it holds a capacity to sustain the ups & downs of the market Looking at pioneering from this perspective, we realize that it is indeed tough to sustain the market's changing trends with all the uncertainty. In this series, we will be discussing 💫 The teething issues faced by the pioneers 💫 Advantages of being the first movers & the risk factors 💫 Mindset required to become the first mover Please keep adding your perspective at every step and do share the names of such pioneers in your network. Tag them if they are on #linkedin. I would like to connect with them and share their story from our platform - The Revolving Perspectives. #vindathecatalyst ________________________________________________ I am soft skills trainer & life coach. DM if you are a passenger who has started a journey in the quest of exploring inspiring stories around.
To view or add a comment, sign in
-
-
Hello and welcome to Fibonix! At Fibonix, we are more than just a research and design firm. We’re pioneers in the textile and apparel industry, committed to driving innovation and excellence. Our mission is to provide dynamic innovative solutions for groundbreaking research and disruptive product development to companies in the apparel and textile sectors. Our services encompass a wide spectrum, including: 🔹 Concept Development: We breathe life into ideas, transforming them into tangible concepts that resonate with your brand’s vision. 🔹Product Research Planning: Our meticulous approach ensures that data-driven insights back every step of your product journey. From market trends to material selection, we’ve got you covered. 🔹Analytics: Numbers tell stories, and we’re fluent in their language. Our analytical prowess helps you make informed decisions, optimize processes, and stay ahead of the curve. Whether you’re a startup or an established player, Fibonix is your partner in progress. Let’s collaborate and create something extraordinary! 🤝 #TextileInnovation #TextileStartup #TextileBusines #TextileIndustry #Entrepreneurship #SmallBusiness #LetsWork #Partnerships #Consultants
To view or add a comment, sign in
-
Want to know how to take advantage of technological advances in logistics? 🚚 Technology has transformed logistics operations, offering new tools. One way to take advantage of these advances is by integrating digital tools into your logistics processes, such as inventory management platforms and shipment tracking systems🤖. 🚀Don't get left behind! Take advantage of the opportunities that technology offers to improve your business logistics and maintain a competitive edge. 🤝#supplychain #innovation #digitization #entrepreneurship #business💪
To view or add a comment, sign in
-
Dartmouth College alum. 26 year old founder of Greenbox Storage. Took an idea from my college dorm to $1M+ revenue. Providing value online every day :)
The future of entrepreneurship is technology. Companies that provide products / services, enabled by automation, delivering real value for their target audience. There's never been a better (and easier) time to start a successful business than right now.
To view or add a comment, sign in
-
Revolutionize your wardrobe care with our innovative Garment Steamer – the ultimate solution for achieving a flawlessly crisp and wrinkle-free look. Ideal for large-sized garments like agbadas, this powerhouse eliminates the hassle of traditional ironing. Discover the convenience and efficiency of garment steamers as we unveil a guide to their myriad advantages. Make the Garment Steamer a staple in your clothing care arsenal for a seamless and stylish wardrobe transformation. Read more>> https://lnkd.in/dFg8nPsG . . . . . . . . #India#Innovation#Management#HumanResources#DigitalMarketing #Technology#Creativity#Future#Futurism#Entrepreneurship #Careers#Markets#Startups#Marketing#SocialMedia #VentureCapital#SocialNetworking#LeanStartups #Economy#Economics
To view or add a comment, sign in
-
-
What is the relationship between innovation and entrepreneurship? According to this post from AIcontenfy they are two sides of the same coin. Entrepreneurship is about identifying and taking advantage of opportunities, and innovation is about finding new and better ways of doing things. Do you agree? Disagree? Or??? https://buff.ly/49YXX7M #entrepreneurship #innovation #business #AchieveBeyond
To view or add a comment, sign in
-
Innovation is an essential part of entrepreneurship, and many principles can help guide the innovation process. One fundamental principle is to focus on the needs of your customers or users and to develop solutions that meet those needs uniquely and effectively. Another principle is to be willing to take risks and try new things, even if they don't always work out. Finally, being open to feedback and willing to iterate and improve your ideas over time is essential. Principles of Innovation 1. Focus on the needs of your customers or users 2. Take risks and be willing to try new things 3. Be open to feedback and willing to iterate and improve your ideas over time
To view or add a comment, sign in
-
Founder & CEO @ Upsnac | Upgrading Snacks for Better Health | D2C Entrepreneur Talks about #startups #entrepreneurship #business #D2Cbrand
Is it true? Many influencers claim that creating a brand like Alia Bhatt's clothing line is a breeze. But let's delve deeper into the reality behind the glamour! MISINFORMATION ALERT: Outsourcing manufacturing isn't as simple as it seems. Here's a detailed breakdown of the facts: 1️⃣ Minimum Stock Requirements: Manufacturers often stipulate a minimum order quantity, posing a significant challenge for startups and small-scale production endeavors. This requirement can tie up capital and resources, making it harder for emerging brands to enter the market. 2️⃣ Manufacturing Limitations: Requesting a small batch may not attract manufacturers, as they typically prefer bulk orders for profitability and operational efficiency. This limitation can hinder flexibility and innovation in product development for aspiring entrepreneurs. 3️⃣ You're Not Alia Bhatt: While celebrities like Alia Bhatt might have an easier time finding manufacturers due to their established reputation and financial resources, startups face unique challenges. These include building credibility, negotiating favorable terms, and managing costs effectively to compete in the competitive fashion industry. So, before embarking on the journey into the glamorous world of entrepreneurship, aspiring entrepreneurs must thoroughly research and understand the intricacies of manufacturing. Success in the industry requires strategic planning, resilience, and a deep understanding of market dynamics. PS: Remember, while Alia Bhatt's success is inspiring, your journey may look different. Use her story as motivation, but focus on your unique path to success. Research manufacturers extensively, negotiate terms wisely, and consider starting with small-scale production to mitigate risks. Your persistence and dedication will pave the way for your brand's success! #entrepreneurtips #startupjourney #manufacturing #startupstruggles #linkedin
To view or add a comment, sign in
-
-
What is the relationship between innovation and entrepreneurship? According to this post from AIcontenfy they are two sides of the same coin. Entrepreneurship is about identifying and taking advantage of opportunities, and innovation is about finding new and better ways of doing things. Do you agree? Disagree? Or??? https://buff.ly/49YXX7M #entrepreneurship #innovation #business #AchieveBeyond
The role of innovation in entrepreneurship
aicontentfy.com
To view or add a comment, sign in
-
Why you should invest in innovation? This question ask me many entrepreneurs many times, and here I want to present the 6 reasons why you should. 👉 6 Reasons You Should Invest in Innovation https://lnkd.in/dmJRHETU
To view or add a comment, sign in
Associate Manager at Tech Mahindra
1moInteresting!