• Thane West
  • contact@philosophersstone.in
  • Office Hours: 8:00 AM – 7:45 PM

FAQ

Mission

Philosopher's Stone Mission is to unlock the potential of SME’s by Complete hand holding

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Vision

The Philosopher's Stone vision is to Turnaround 100 SMEs with excellent Growth by 2020.

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Small Business Q & A

We don’t have enough money to run business, how can you help us?

Ans: We can assess the business requirements and get the debt funding or any other source of funding as per need of business.

We are not able to get new customers, how you can help us to get new customers?

Ans: We can help you to get the new customers or clients by our strategic sales and marketing techniques. If required we will bring a good marketing agency on board and drive them.

We are not able to keep existing customers, how you can help us in retention?

Ans: We have expertise to formulate certain schemes to improve the customers retention like loyalty programme.

Our revenues are too low, how you can help to grow our revenue?

Ans:  We will do a through study of your business and find out the reasons of low revenue. We can help you to get the new customers or clients by our strategic sales and marketing techniques. If required we will bring a good marketing agency of board and drive them. Also, we can help you get the right kind of sales team on Board.

Revenues are OK, but profitability sucks, how you can help to grow our profits?

Ans: With our experience and expertise, we know the reasons and places of revenue leakages, if that is one of the reasons for low profitability. However, low profitability is many times due to bad management too. We can help you to place systems and process along with strong internal controls to improve the profitability.

Our employee turnover is too high, how can you help us for employee retention?

Ans: Many employees leave the organisation due to ambiguous policies, internal politics, and dissatisfaction at work place etc. We have expert Hr professionals on our Board; we can certainly help you in reducing employee turnover and improve retention. Also, we can help you to improve the productivity of employees.

I need to sell this business, how can help you?

Ans: we have a wide network of professionals. Once we get a mandate from you we will float the object and try to get the buyer for your business.

My business partner is a jerk, how can you help ?

Ans: We can help you by coaching and mentoring both of you. Many times the differences happen due to lack of proper communication and transparency in the business. We can certainly guide you and define a proper way to resolve the differences. We can work as an independent mediator.

I’m not getting any foot fall or traffic into my store?

Ans: We will study the business model and help to suggest the various ways and schemes to bring footfall.

Do you take accountability of work done by you?

Yes, we take the accountability of the work done by us or by our team as per pre defined agreement.

What is the modus operandi of work you or your team do?

We create a team at your Board, We guide, mentor and trained them so that even after the term of agreement is over you enjoy the benefits of the trained team.

How do you charge your Fees?

We understand the pressure on margins and the criticality of cash out flows and hence, we have flexible fee plans suitable as per the need and convenience of the business.

Are you specialised in any particular Industry?

The principal of business remains same however; our domain expertise is Retail Health care, Retail Fashion, Luxury Fashion, Food and Beverages (F&B), MarTech.

What is the frequency of your visits?

Depending on the requirement of the work and agreed upon frequency, we visit your office.