For my electronics hardware design and development startup, we are going to start from scratch. We will design and develop hardware (PCB/circuit board of any electronics product) based on customers' needs. Prospective customers will include electronics product manufacturers or electronics OEM manufacturers globally, for whom we can design and develop circuit boards tailored to their product application requirements. The projects will be completely project-based, with circuit designing taking place in-house at our office. PCB manufacturing will be outsourced to third-party PCB manufacturers, with final testing and quality checks done at our office before delivering the PCB product to the customer.
To initiate business operations, I need experienced sales and marketing professionals from the same industry to identify target customers, reach out to prospective clients, market our services, and secure projects from India and worldwide through their marketing skills. Initially, our focus will be on field marketing to generate revenue before investing in digital marketing.
Subsequently, we will require a technical team consisting of an Electronics Engineer for design work, another Engineer to oversee production at the third-party manufacturer's plant, and a third Engineer for final testing and quality checks pre-delivery.
Furthermore, I need individuals to support me in HR, legal, administrative, and accounting activities. A responsible individual is needed to manage overall business operations, ensuring smooth revenue generation and eventual team expansion for increased productivity.
Initially, the target is to generate around 5 lakhs/month or 8-10 projects/month with the help of the essential staff mentioned above, with plans to gradually expand the team. Staff salaries will be covered by the monthly revenue initially, as there is no financial backup at this stage.
I seek guidance on naming various departments, essential staff positions (along with the number of positions for each post), job descriptions, and strategies to achieve the revenue goals and team expansion in the future months.
Thank you for your assistance.
From India, Jalalpur
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To initiate business operations, I need experienced sales and marketing professionals from the same industry to identify target customers, reach out to prospective clients, market our services, and secure projects from India and worldwide through their marketing skills. Initially, our focus will be on field marketing to generate revenue before investing in digital marketing.
Subsequently, we will require a technical team consisting of an Electronics Engineer for design work, another Engineer to oversee production at the third-party manufacturer's plant, and a third Engineer for final testing and quality checks pre-delivery.
Furthermore, I need individuals to support me in HR, legal, administrative, and accounting activities. A responsible individual is needed to manage overall business operations, ensuring smooth revenue generation and eventual team expansion for increased productivity.
Initially, the target is to generate around 5 lakhs/month or 8-10 projects/month with the help of the essential staff mentioned above, with plans to gradually expand the team. Staff salaries will be covered by the monthly revenue initially, as there is no financial backup at this stage.
I seek guidance on naming various departments, essential staff positions (along with the number of positions for each post), job descriptions, and strategies to achieve the revenue goals and team expansion in the future months.
Thank you for your assistance.
From India, Jalalpur
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Dear member,
It may be noted that this is a forum for HR professionals. When they face a problem in execution, they raise queries on this forum. The seniors give replies to the questions.
Your query is about the execution of your business. It will require consulting, and replies cannot be given on a forum like this. Even if someone wishes to provide, the person will have to spend a lot of time. I doubt any member will do it free of charge.
Therefore, you may have to hire a consultant to answer your business issues.
The last but one paragraph says: "So, kindly help me to name various departments & essential staff positions (also the number of positions for each post) to fill in each respective department at this early stage along with their JD and the best strategy to achieve the revenue goal as mentioned above and to expand the team to increase productivity & revenue at a later stage, say after some months."
If you are not clear about the names of the departments of your future company, the allocation of manpower for the departments, how to achieve revenue goals, etc., then inadvertently you have revealed more about yourself than you have asked for!
Thanks,
Dinesh Divekar
From India, Bangalore
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8219It may be noted that this is a forum for HR professionals. When they face a problem in execution, they raise queries on this forum. The seniors give replies to the questions.
Your query is about the execution of your business. It will require consulting, and replies cannot be given on a forum like this. Even if someone wishes to provide, the person will have to spend a lot of time. I doubt any member will do it free of charge.
Therefore, you may have to hire a consultant to answer your business issues.
The last but one paragraph says: "So, kindly help me to name various departments & essential staff positions (also the number of positions for each post) to fill in each respective department at this early stage along with their JD and the best strategy to achieve the revenue goal as mentioned above and to expand the team to increase productivity & revenue at a later stage, say after some months."
If you are not clear about the names of the departments of your future company, the allocation of manpower for the departments, how to achieve revenue goals, etc., then inadvertently you have revealed more about yourself than you have asked for!
Thanks,
Dinesh Divekar
From India, Bangalore
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All this information should be in your Business Plan, which should have been written long before you are at the recruitment stage.
My other question would be - how are you going to finance the setup of this operation and pay salaries for all those staff members from the get-go? It seems to me that you have not thought any of this through properly. No business makes money the day they open the doors. It could be at least 12-24 months, and often longer, before you make enough money to start paying suppliers, staff, rent on your factory, etc.
Do you have a large sum of money set aside to start this business and be able to pay bills for the first 12 months? Do you have enough money put aside to manage your own personal financial obligations, i.e., household and day-to-day living expenses for at least 12 months? You will not get a salary from this business for a long time.
As I have said many times to other people on this forum also planning to set up businesses, FAILURE TO PLAN IS PLANNING TO FAIL.
From Australia, Melbourne
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My other question would be - how are you going to finance the setup of this operation and pay salaries for all those staff members from the get-go? It seems to me that you have not thought any of this through properly. No business makes money the day they open the doors. It could be at least 12-24 months, and often longer, before you make enough money to start paying suppliers, staff, rent on your factory, etc.
Do you have a large sum of money set aside to start this business and be able to pay bills for the first 12 months? Do you have enough money put aside to manage your own personal financial obligations, i.e., household and day-to-day living expenses for at least 12 months? You will not get a salary from this business for a long time.
As I have said many times to other people on this forum also planning to set up businesses, FAILURE TO PLAN IS PLANNING TO FAIL.
From Australia, Melbourne
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Hello, I refer to your posting. I am an HR Consultant with 52 years of experience, including 33 years at Larsen & Toubro. Since my retirement in 2011, I have been involved in HR Consultancy, Training, and Soft skill training. I have clients in Karnataka, Tamil Nadu, Doha, Qatar, and Dubai. My charges are nominal, so there is no need to be afraid of them.
Last year, I reviewed the PMS process of a pharmaceutical company and subsequently redesigned the job descriptions for over 40 senior profiles. I conduct extensive research on new subjects and am always eager to learn. I have a team to support me in my endeavors. You can find more information about me by searching my name, N K Sundaram, on Google.
I am on LinkedIn with over 9800 contacts, Facebook with 4500 contacts, and have a YouTube channel with over 160 videos of my training sessions. If you are interested, please revert.
From India, Bengaluru
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Last year, I reviewed the PMS process of a pharmaceutical company and subsequently redesigned the job descriptions for over 40 senior profiles. I conduct extensive research on new subjects and am always eager to learn. I have a team to support me in my endeavors. You can find more information about me by searching my name, N K Sundaram, on Google.
I am on LinkedIn with over 9800 contacts, Facebook with 4500 contacts, and have a YouTube channel with over 160 videos of my training sessions. If you are interested, please revert.
From India, Bengaluru
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Recruitment Plan Template.doc
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