Jewellery Business Management Consulting
Fortune 100
Family-owned jewellers have been facing increasing competition in recent years as a result of the development and expansion of numerous corporate jewellery retail chains in the jewellery industry. The Customers are still able to take advantage of the facilities offered by the corporate jewellery chains even if the customer buys a product in their hometown but experiences problems with it in another part of the country. This is because the corporate jewellery chains have expanded their operations all over the world. There are huge examples where the old generation used to be a loyal customer to a family jeweller but the younger generation has switched to the corporate ones, because of the organized process and transparency. However, since family jewellers do not have this advantage, it frequently leads to low productivity and efficiency, which not only results in an increase in costs for the jewellery business but also causes a decrease in customer loyalty.
Mission Of Fortune 100
Acme Consulting is aware of the jeweller’s worry, and as a result, we make it a priority to collaborate with Traditional Jewellers to ensure that we can assist them in every possible manner so that they can ultimately improve the efficiency of their operations. Acme Consulting offers a service known as FORTUNE 100, which is designed to assist potential family jewellers located throughout India in collaborating with one another. We will provide tie-ups with Gemology business owners, manufacturing companies from India and Abroad, software, and other vendors. We will help jewellers by establishing them on a shared platform, and assisting one another in expanding their businesses and achieving success simultaneously over a three-year period with 100% sales growth. We will also assist them in training for a unified e-commerce platform in order to target a certain segment of online customers. We will also train the next generation of business leaders to lead from the front and organize at least 2 boardroom programs for them. We will assist jewellers to create a completely new work culture to drive the business and establish a new mindset to have the brand essence.
Methodology
Each member of Fortune 100 will receive individualized mentoring based on their specific challenges and concerns. Nonetheless, we will coordinate our efforts in areas such as inventory and product planning, as well as the recruitment of human resources personnel, system implementation, and the education and training of new users. In addition, during the three years of membership, all members will have access to the same common vendors for stock purchase. The Fortune 100 has a separate mentoring program for second-generation leaders as well.
How Will Traditional Jewellers Be Benefitted?
Throughout the process of implementing a strategic plan, our devoted Consultants will provide the jewellers with defined and precise consulting. This will aid the jewellers not only in streamlining their processes but also in securing their future by preparing the next generation to take over. The company will become professionally automated. In addition, we guarantee a 100% increase in sales over the course of three years. The Jeweller will be a member of the most exclusive jewellery business owners club in India.
Who Can Join Fortune 100?
This service is only available to traditional jewellers, but in order to qualify for this service FORTUNE 100, there are certain eligibility requirements. These standards stipulate that, in the near future, the business should be lined up to take over by Second Generation Family Members who will lead the company from the front. Jewellers must have been in business for at least ten years in single or multiple locations. The family jewellers must be present in Tier 1, Tier 2, or Tier 3 Indian cities. These family jewellers must be Mid- to High-Level Jewellers with a Marginal Business rate between 30 Cr to 100 Cr and an aim to expand their revenue within the following three years. In addition, Since the Family Jewellers will be connected to one another. Through Fortune 100 the family jewellers will now be a family together.
If a customer has an issue with their jewellery and the customer bought it from Jeweller A, but he/she does not have the means to meet Jeweller A at this time, Jeweller A will connect the customer to Jeweller B using our Fortune 100 platform. As a result of this, the customer will be given the necessary solutions to the problems that he might be experiencing. With the mission of connecting 100 Family Jewellers, we guarantee 100% sales growth in the next 1000 days.Let’s Make 100,100,1000 Happen.
We are the best Jewelry Business Management Consultant In India
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