Hotline: 1800 102 2007
Search Business Opportunities

Business Analysis made Easy

Business analysis can be very rewarding. Imagine pleasing your boss by solving the inventory problem? What would she say if you told her that you have performed a regression analysis and can predict sales for the next 2 years?

Business analysts can easily enter and determine what can be done by small business owners to expand his business. Small business owners can take advantage of the existence of a business analyst as practiced by large corporations. Because a business analyst see great potential that can be achieved when small business owners thought it was small and did not mean anything. Only the fear of additional charges when they have to use the services of a business analyst that cause small businesses to move cautiously.


Role wise 

A business analyst may wear many hats. Some of them are data analyst, system analyst, decision maker, financial analyst computer analyst and management analyst. The analyst's job can include such functions as determining the business requirements, analysing business intelligence, and conferring with management about business strategy.



The six sigma continuous improvement methodology follows the DMAIC approach which involves:

  • Define
  • Measure
  • Analyze
  • Improve
  • Control

Define simply has to do with defining the problem. One can use problem statements to define this, we also typically scope a project from a business perspective where you may create a context level dataflow diagram. The purpose of this activity is to simply understand the problem and put some boundaries around what you are trying to solve.


Many times we present information based on hunches or previous experience whereas with measure, you focus on the facts. This is an extremely powerful aspect of the six sigma methodology. It says, ‘you think there is a problem, but let”s find out if there really is”. The six sigma methodology recommends things like the time series plot and pareto charts.


Analyse again provides power and I think this is an area we are still struggling with as business analysts. In this field, there continues to be this behaviour where a solution is decided before true analysis is even done. As an example, on a project I was on, the leadership team insisted the problem was the technology supporting a specific business area. Essentially, they said the technology was no good. After doing a root cause analysis, it was determined the real issues had to do with amount of time it took to make a request and receive a response from the IT team. The technology itself was not the problem, the process around it was.


Improve has to do with offering up solutions. Again, it is important to look at all possible solutions to a particular problem. From the example above, one solutions was to improve the process and response time for the business from the IT team.


At the very least, you may uncover some additional requirements through your detailed analysis. There are several benefits you will reap from this approach. As you begin to provide valuable information to your leadership, you will become the go-to person. Leadership typically wants a well rounded picture before they make decisions. You can help provide a view of all the possible solutions. In addition, you will be adding to your repertoire of skills and improve your own marketability. Control has to do with monitoring a project all the way through its lifecycle and evaluating the results at the end. This is yet another opportunity for business analysts to take it to the next level. In the last 10 years of my career, we continually fall down in this space. We don”t do a good job of measuring whether we were successful or not. When we don”t do a good job of measuring success, every project begins to look like a failure. If you look at the statistics, there are still a high number of IT projects seen as failures. What are we doing wrong? There are several pieces to the problem (which I will save for another article) but one piece most definitely is not establishing critical success factors up front (another six sigma trick) and then measuring against those at the end of the project.


Related opportunities
  • Quick Service Restaurants
    About Us  Our 14 years of  vast experience in different concepts..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Maple Bear:-Who are we?Maple Bear combines the best of..
    Locations looking for expansion New Delhi
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 3000 - 4000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Car wash / Ceramic Coating / Detailing
    About:Auto 7 is a trustworthy name in the car care segment..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 300 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About: Cotton Colors launched in 2013, Cotton Colors is a leading..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 500 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities