Ideas|Products|Startups|VCs

Shopping for facility management services was never so easy before, AppartmentAdda launches marketplace for vendors and associations called Buzaar.  You can use Buzzar to shop for facility management related services and products for your apartment community.

Pain points AppartmentAdda found out, majority of the Associations felt that enough information is not available on

1)      The existing and reliable vendors who provide service

2)      The Apartments, the vendors are serving/have served

3)      The experience of other association owners about the vendor’s quality of service

4)      Availability of Quotes in standard formats, and in a central space where all MC members can review.

Buzzar addresses the issues mentioned above and aims to reduce the time taken for evaluating facility management vendors by

1)      Sharing exhaustive list of VERIFIED vendors who provide wide range of services related to facility management.

2)      Providing DETAILED information of vendors , the gated communities they have serviced

3)      Making the Quotes sent by Vendors available in ‘Admin Files’ of your Adda.

Buzzar provides the following features for Associations -

1)       Shop for facility management related services/products

2)       Provide/View feedback on existing vendors

3)       Refer a vendor

Buzzar allows you to request for quote for variety of services which are generally used in gated communities. Those are Housekeeping , Security, Pest control, Upgrade/AMC/Repair for Sewage treatment plant , Swimming Pool , Generator , Transformers, Bore well/Pumps , Gym equipments.  Buzzar will be expanding to more categories under facility management and we look forward to your active contribution towards this.

You can even earn reward points for your Association for utilizing the Buzzar services. These reward points can be encashed for premium SMS , Free Add Ons or substantial discount for Premium Adda subscription.

Certainly a very useful utility for associations to carry out facility work in their complexes. Give a try and share your feedback.

-Hitesh, vcBytes.com

Entrepreneurs think that their business idea is very good and will manage to attract VCs. For VCs, more than the idea its scalability that matters. Its a very common reason for VC to turn down your business proposal stating your business venture is not scalable. 90 out of 100 business plans are rejected citing lack of scalability, and questions hovering around scaling. So what is scalability and why is necessary to attract VCs.

Classic example i can quote is movie rental service. I worked in a  movie rental startup company, they started with Bangalore centere and within 6 months started operating in Mumbai and Delhi, this is scaling. In order to run operations/stores in multiple location it requires a head office cost and costs to develop and deploy ERP/SCM/CRM solutions. Thats is why each additional center will contribure much higher amount towards profit. This movie rental service company scaled to 8 cities and successfully raised $21M.

The point here is that if you are seeking external investment from people other than friends or family, they will want to know how they can exit from their investment – which will be from building a business that is sellable. To be sellable, you have to be scalable. Make sure you are clear about this and your business plan should reflect that.

For dotcoms, the ability for a Web site to grow at a rate comparable to that of the business itself is known as scalability.The website should be able to serve all users request seamlessly with increasing volume of online traffic. For ecommerce its just not your technology but their complete business model has to be scalable as well by entering into new product category or new market.

So assess your business plan well on scalability factor before pitching it to VC.

-Hitesh, vcBytes.com