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MSME

Validity Of Udhyog Aadhaar Extended Till Dec 31, 2021; MSME Entrepreneurs Can Register For Free!

Validity Of Udhyog Aadhaar Extended Till Dec 31, 2021; MSME Entrepreneurs Can Register For Free!
Validity Of Udhyog Aadhaar Extended Till Dec 31, 2021; MSME Entrepreneurs Can Register For Free!

The Ministry of Micro, Small, and Medium Enterprises (MSME) has extended the validity of Entrepreneurs Memorandum (EM) Part-II and Udyog Aadhaar Memorandums (UAMs) from March 31 to December 31, 2021.

This extension will provide a sigh of relief as it will facilitate the holders to avail the benefits of the provisions under various existing schemes and incentives. The numerous benefits will also include Priority Sector Lending benefits for MSMEs.

All enterprises registered until June 30, 202, were earlier required to file a new registration on the Udyam Registration Portal before March 31, 2021.

UAM is a single-page registration form that involves a self-declaration format. In this form, the MSME entrepreneur will have to self-certify the existence of his/her enterprise, bank account details, owner`s AADHAR details, and other required official information.

According to an IBEF report, India has about 6.3 crore MSMEs majorly dominated by micro-enterprises, and the number of registered MSMEs grew 18.5 percent Y-o-Y to reach 25.13 lakh (2.5 million) units in 2020 from 21.21 lakh (2.1 million) units in 2019.

As of June 17, 2021, the portal has facilitated the registration and classification of more than 33 lakh enterprises, as per the official data.

According to the official statement issued by the MSME ministry, “the said amendment has been carried out considering the hardships faced by MSMEs during the prevailing COVID-19 situation and the representations received from the various MSME associations, financial institutions, and government departments dealing with the interest of MSME Sector”.

The MSME ministry expects the smooth migration of the existing UAM holders to the new system of Udyam registration, which was launched in July 2020. They would avail the benefits of the government schemes, thereby paving the way for empowering & strengthening MSMEs and leading to their faster recovery, boost to their economic activity and creation of jobs.

It is a one-time registration, and hence, no renewal is necessary. A permanent registration number is provided post the registration, and after completion of the process, an online certificate will be issued.

The enterprises can register for free on https://udyamregistration.gov.in  and without any documents. However, they will require PAN and Aadhaar cards for registering on the Udyam portal.

Categories
Finance Process & Business Expansion

Food Processing Becomes The Most Preferred Sector For Investment In UP

Food Processing Becomes The Most Preferred Sector For Investment In UP
Food Processing Becomes The Most Preferred Sector For Investment In UP

The food processing sector in Uttar Pradesh has garnered attention and has become a preferred sector for industrialists when it comes to investment.

The major reason behind this welcoming change is due to the ease-of-doing-business that this sector offers in the state.

Various industrialists from India and abroad have set up their food processing units in Uttar Pradesh. These industrialists have submitted proposals to the government to set up 139 food processing factories, for Rs 9105.58 crore, out of which 101 food processing factories have already started production, according to the government spokesman.

These food-processing factories were established at the cost of INR 4,074.02 crore and have generated around 20,176 employments opportunities.

The other 38 factories are under construction, and they are expected to start operating by the end of 2021. And with an investment of INR 5,031.31 crore, these factories will generate employment for an additional 21,111 people.

This is the first time when such a huge investment has been made in the history of Uttar Pradesh. To promote the food processing units in the state, the Yogi Government implemented the ‘U.P. Food Processing Industry Policy -2017’.

The policy not only ensured a fair price but also provided a rebate in capital subsidy and interest in all the facilities that were given to the small and big industrialists.

Following the relaxation provided in the food processing policy, the state received many proposals for the construction of cold storages, onion warehouses, pack houses, and the establishment of flour mills.

The companies that have invested in Uttar Pradesh include Patanjali Ayurveda Limited in Gautam Buddha Nagar – Rs 2,118 crore, Pepsico in Mathura – Rs 514 crore and Haldiram Snacks Pvt Ltd in Gautam Buddha Nagar – Rs 490 crore, SLMG Private Limited in Lucknow – Rs 300 crore, Khattar Edibles Private Limited in Rampur – Rs 150 crore, BL Agro in Bareilly – Rs 160 crore, and Organic India Private Limited Plant in Barabanki – Rs 55 crore.

The government is also contemplating revising the existing food processing policy so that Uttar Pradesh can become India’s top state in this sector and further accelerate the establishment of new units of food processing in the state.

Categories
MSME Technology

Nitin Gadkari: India`s Transport Sector Will Transform With Bio-fuels & Low-Cost Battery Technology

Nitin Gadkari: India`s Transport Sector Will Transform With Bio-fuels & Low-cost Battery Technology
Nitin Gadkari: India`s Transport Sector Will Transform With Bio-fuels & Low-cost Battery Technology

India`s Union Minister for Road Transport & Highways and Micro Small & Medium Enterprises said that the transport sector in the country is transforming rapidly with the growing use of bio-fuels in all kinds of vehicles.

While delivering the plenary address at a three-day virtual Conference of BRICS Network Universities based on the theme of electric mobility, he also added that the country has also made a lot of progress about low-cost battery technology. It is not only good for sustainability and the environment but also the economy as it will open up new livelihoods in the country.

The conference was inaugurated at IIT Bombay on June 16, 2021, and was a part of the engagements that India is hosting under the education stream during its Chairship of the 13th BRICS Summit this year. IIT Bombay is the lead institution of India for the BRICS Network University.

Eighteen experts from Brazil, Russia, India, China, and S. Africa discussed the distinct aspects of electric mobility like traffic management, hydrogen technology, hybrid vehicles, lithium-ion batteries, and linkage between e-mobility and livelihoods for three days.

Over 100 students, researchers, and faculty from the BRICS Network Universities of the five-member countries participated in the conference.

Shri Nitin Gadkari also urged the IITs in the country to dig deeper and further research innovative technology to bring a revolution in e-mobility. He also called for research cooperation among the BRICS countries in this sector.

Secretary, Higher Education, Amit Khare expressed hope that the interactions between the best minds from the BRICS countries will benefit each member country in their collective quest for sustainability and inclusive growth.

BRICS Network University is a union of higher education institutions of the five BRICS member countries, formed to enhance educational cooperation in general, and especially in the realm of research and innovation.

Categories
News

4 Lac Charging Stations For 2 mn EVs Are Required In India By 2026: Report

4 Lac Charging Stations For 2 mn EVs Are Required In India By 2026
4 Lac Charging Stations For 2 mn EVs Are Required In India By 2026

As the Indian government plans for a mass scale shift to electric vehicles (EVs) by 2030 for both personal and commercial vehicles, the ambitious plan presents challenges along with opportunities.

According to a Grant Thornton Bharat-FICCI report, ‘the country will require 4 lakh charging stations for more than 20 lakh EVs in the country by 2026.’

‘To achieve 100% EVs by 2030, several sectors will have to play a significant role, which includes lower technology cost, higher pollution level, and a complete government support’, the report also added.

The study also claims that the EV ecosystem is tightly interlinked with the electric vehicles and charging stations, further coupled with battery technologies and electricity markets. It also suggested the active participation of electric distribution companies in the deployment and classification of charging infrastructure to empower Electric Vehicle Supply Equipment (EVSE).

To bring down the EV costs, the study recommended simplifying the designs and partnerships during this gradual transit of the country towards electric mobility.

There are around 1,800 charging stations in India catering to approximately 16,200 electric cars, which also includes the fleet segment, as of March 2021. However, these numbers are way too less than the country will require achieving its target of 100% EVs by 2030, claims SMEV.

The global sales of zero-emission BEVs in 2020 have increased by 39% to 3.1 million units as compared to 2019. EV manufacturers across the globe have spent a huge amount of funds to improve the efficacy and availability of EV charging stations. As a result, the fastest charging station takes no more than 15 minutes to recharge an electric vehicle.

The total passenger car market has been declined by 14% and the new customers who are planning to buy a new vehicle are giving preference to EVs for a healthy and clean environment.

Also read this: ICRA: International Prices Are Expected To Aid Indian Steelmakers Tide Over The Second Covid-19 Wave

Categories
News

ICRA: International Prices Are Expected To Aid Indian Steelmakers Tide Over The Second Covid-19 Wave

ICRA: International Prices Are Expected To Aid Indian Steelmakers Tide Over The Second Covid-19 Wave
ICRA: International Prices Are Expected To Aid Indian Steelmakers Tide Over The Second Covid-19 Wave

With the gradual lifting of lockdowns, ease in mobility guidelines, and improving vaccination coverage provided by the Indian government, the ICRA is expecting the domestic demand in steel to gain momentum in June and the coming months in 2021.

Also, the supportive international prices are expected to help domestic steelmakers come out of the second Covid wave that has wreaked havoc on the industry. This trend is expected to help recover and result in a pick-up in capacity utilization levels.

‘The COVID-19 induced pandemic has hit worse the steel demand within the country due to the second wave, which resulted in a 22 percent drop in April 2021, and a further 1 percent drop that followed the trend in May 2021, the agency added.

On the bright side, the data stating the current year’s demand and consumption look far better as compared to the former year. The reason could be the nationwide lockdown and stricter guidelines that were imposed during April-May 2020.

Though the domestic demand has not gained much momentum, buoyant international demand and steel prices have experienced a surge that has helped the domestic steelmakers in India to remain a net exporter of steel with 122% year-over-year growth in exports in April 2021.

Though the exports in April month were lower than March 2021, the export momentum continued with a 30% M-o-M growth recorded in May 2021.

With many auctioned merchant mines yet to ramp up to their early level of production in Odisha, the country is experiencing a shortage of iron ore which is a key raw material in the production of steel.

This has further aggravated the domestic iron-ore prices due to which exports have become remunerative for miners. Even the higher grades of iron-ore export attract a 30% duty.

ICRA expects the shortage to persist for the next 6-9 months, resulting in elevated prices for a greater part of FY2022.

Categories
Webinar

How To Create Wealth Using Asset Allocation?

How To Create Wealth Using Asset Allocation?
How To Create Wealth Using Asset Allocation?

Simran has just landed her first job. She is excited about her new job, but also keen to save and invest in her future. However, just like many others, she is confused about where she should start.

Some of her friends are trading in the stock market while others are thinking about invest in PPF. But, Simran is way too worried and is pondering over her investment options as she does not want to take too much risk with her hard-earned money.

Though bank deposits are a safer option, the fixed return is not appealing to her. When it comes to investing in a mutual fund, she is not sure which mutual fund she should buy and invest in, as there are plenty of choices.

So how should she make her investment choices, so that over a while she can save and build wealth too?

Does Simran`s story sound familiar to your own? Don`t worry! You are not alone!

Only 4% of Indians prefer to invest in stocks, and exchanges along with many scams are to be blamed for keeping them away from equity markets.

“We have a market that is not safe for investors to a large extent”, says Ashish Kumar Chauhan, CEO & Managing Director of Bombay Stock Exchange.

And with thousands of bonds, stocks, and mutual funds to choose from, making the right decision to invest can confuse even the most seasoned investor. However, if you do not take the leverage of it, you will undermine your own ability to build wealth and secure financial life for retirement.

So what is the first step towards building wealth? Instead of selecting stocks, begin by deciding what percentage of stocks, bonds, and mutual funds you want to hold. This process is known as asset allocation.

What Is Asset Allocation?

Asset Allocation is a brilliant investment technique. It involves creating a portfolio that aims to balance risk by dividing assets into major categories like bonds, cash, real estate, stocks, and derivatives.

Each asset class has distinct levels of return and risk. Hence, each will behave differently over time. Where one asset category can increase in value, the other might not give that much return. Though some see this technique to get mediocre returns, it is the best protection plan for people like Simran, who don’t want to take much risk.

However, there is no single or set formula for asset allocation that guarantees good returns. And if there were, it would be difficult for us to explain it here.

We have outlined 3 essential points that you must consider when thinking about asset allocation:

  1. Risk against Return

Asset allocation is all about the risk-return tradeoff. It forms the basis of the entire technique. Everyone wants the highest possible return, but it is more than just choosing high-potential assets.  Moreover, it isn`t always the best answer!

The financial crisis of 1929, 1981, 1987, and 2007 to 2009 are the best examples of how investing only in stocks with the highest potential returns is not the most prudent plan of action. Every year your returns are going to be beaten by another investor, pension plan, and mutual fund, etc.

The ability to weigh the relationship between risk and return is what makes an investor successful.

  1. Timing is Crucial

For every 10 years, you delay saving for your long-term future goals, you have to save three times as much every month to catch up. Starting early like Simran allows you to take advantage of compounding and the time value of money. It also gives you a buffer for making high-risk investments, namely stocks.

  1. Know your Goals!

Whether it is Simran or any one of us who is working, we all have goals! Goals that we want to pursue and fulfill. Be it owing to an apartment, a car, international vacation, or building a startup, you must think about an asset allocation plan with the right mix.

For long-term goals, you do not have to worry about fluctuations in the short market. However, for short-term goals, you may need to tilt your asset allocation to fixed-income investments that have less risk.

Once you determine the right mix of bonds, stocks, and other investments, it is time to implement it. Categorize your stocks or bonds according to their maturity- short, mid, or long term.

On the last note, there is no single solution for allocating assets. Just like Simran and her friends, individual investors require individual solutions. Asset allocation is not a one-time event. You can modify it according to your future goals and requirement. It is a life-long process of progression and fine-tuning.

To join our free Webinar on Asset Allocation,

Click here: www.facebook.com/badabusinesspvtltd.

Date & Time: Sunday 23rd May 2021 | 7 PM-8PM

To gain in-depth knowledge about the stock market, watch https://youtu.be/L_iJCNzDe-s.

Categories
Business Startup Ideas MSME

5 Profitable MSME Startup Ideas You Can Kick-start In India!

5 Profitable MSME Startup Ideas You Can Kick-start In India!
5 Profitable MSME Startup Ideas You Can Kick-start In India!

Small business entrepreneurs have many plenty of opportunities to explore. However, all they need is a great small business idea.

Today, most young professionals want to build their start-ups. But, the major reason why most people do not dare to pursue their dreams is due to lack of funds, and MSME startup ideas.

Sometimes it is also the lack of in-depth knowledge and confusion about how to start an MSME business, due to which many young wantrepreneurs remain disillusioned. Though, what they are not aware of is the fact that not all good business ideas require large funds.

According to a study conducted by IBM Institute for Business Value found that 91% of startups fail within the first five years and the most common reason is – lack of innovation. However, there is one more reason behind India`s high rate of startup failure- choosing the wrong MSME startup business.

Here is a list of profitable business ideas that you can start in India with low investment:

  1. Print on Demand Business

Print on Demand business or a POD business is one of the best MSME startup ideas. The principle behind this business is really simple. If you start a business selling unique printed T-shirts, all you have to do is place your order with the vendor, after you receive the order. Once you have received the payment, your vendor will send the T-shirt to the customer.

You can start selling stylish hoodies, T-shirts, and customer tote bags. You do not need to invest in stock or maintain a warehouse, and profit will be all yours. The average time to start this business will take 3 to 5 days.

  1. Flipping Business

There are so many times that we purchase used cars or furniture that is in very good condition. This not only helps us to save few bucks but also serves its purpose. Earlier it used to be thrift shops, however, today, it is a full-fledged business.

With the help of websites such as OLX and other websites, you can easily start this business.  If you have the great sense to see the right value of a used product, you can make good profits by reselling or flipping it online. It is one of the best MSME Startup ideas in India that requires from no to very minimum investment.

  1. Adventure Activity Organizer

If you are an adventurer and want to take the offbeat industry to build a startup, you can become a hiker, trekker, or simply organize adventure activities. You can become a certified mountaineer by taking one month of training in India.

Once you complete the training, you become a certified organizer and can start taking people out on adventure hikes. Today, people, especially millennials are more inclined towards exploring local places. This has opened new business opportunities for tourism. They are more than willing to pay premium prices if a good experience is promised. However, becoming a professional hiker or trekker requires some necessary training and fitness levels.

If you want to spend the rest of your lives amidst the beautiful places in India, this MSME startup idea is best suited for you.

  1. Dance Coaching Classes

Are you passionate about dance? Do you love dancing? Do you have killer moves that make everyone fall in love with your dancing skills? If the answer is yes, then you can open a dance coaching class.

It is an age-old form of entertainment, and nowadays it is highly commercialized. It also offers lucrative opportunities to those who want to pursue this field as their full-time career. However, before opening a dance coaching class, it is best to decide which type of clients you would like to teach. Also, it would be wise to decide the genre of the dance.

  1. Organic Farming

Organic farming is a brilliant MSME startup idea in India. The awareness regarding health and nutrition has made today`s generation more food-conscious. So, if you have land, you can think about starting organic farming. You can either study about it from an Institute or can take a professional`s advice before starting the business.

There are lots of MSME startup ideas that you can start in India as they are in great demand and require minimum requirements. You can use one of the ideas we have mentioned above to kick-start your entrepreneurial journey.

You can also take the ‘Everything about Entrepreneurship’ course from Bada Business to gain in-depth knowledge about how to set up a startup from the scratch.

Categories
Business motivation

6 Powerful Reasons to Hire a Business Coach, Right Now!

6 Powerful Reasons to Hire a Business Coach, Right Now-BadaBusiness
6 Powerful Reasons to Hire a Business Coach, Right Now!

Running a business is not an easy task. Though the perks of being your boss are plenty, the constant challenges of the business world need to be addressed. Entrepreneurs who have just begun their entrepreneurial journey and want to scale their business hire the best business coach in india to help them get there.

A business coach brings years of expertise and experience with themselves that can help entrepreneurs, solopreneurs, and wantrepreneurs to take their business to new heights.

But is it worth the time and expense? It certainly is worth the time and expense! Especially when you are willing to fast track your business growth, and there is a gap between where you currently are, and where you would like to see your business.

If you are looking to hire one, here are seven benefits that you will experience from hiring the best business coach for your company:

  1. He will Help to Find your Blind Spots

As an entrepreneur, it becomes difficult to get into the weeds of the business. When you are living inside a building; it is hard to see its exteriors.

Similarly, while running a business, it is difficult to see your loopholes. A business coach can give a lot of succinct points about your brand and your business operations that you couldn`t have spotted otherwise. You can use your network to find one, or you can also contact Dr. Vivek Bindra – one of India`s best motivational and business coaches.

  1. He will guide you like a Compass

Sometimes, entrepreneurs get caught up in day-to-day if running their business. They take de-route and fail to bounce back. A business coach helps you to provide the right guidance like a compass and ensure that you are heading in the right direction. One small change in your direction can lead to unbelievable better results.

A professional business mentor serves a crucial role and regularly checks in to ensure that your business is on the right path to reach your ideal destination.

  1. He will help you Bridge the Knowledge Gaps

One of the biggest challenges in the path of success is the lack of vital information and knowledge. When it comes to finding solutions to business problems, you just can`t Google your way out. Also, sometimes when you do not know the problem, you can`t find a solution.

Business mentors are great accountability partners who can help you ensure you are consistently growing and evolving by learning.

  1. He will Offer Unbiased Insights

One of the biggest advantages that you get by hiring the right business coach in India is that he provides you with constructive criticism without getting biased. If you ask your co-workers, colleagues, family, or friends about what you need to do to get better, you may receive their biased opinions. Also, those opinions will lack professional insights. They may not understand the strength and weakness of your organization, or your management and leadership style.

A business coach will tell you what you need to hear, and not what you want to hear!

  1. He will Open your Mind to Innovative Ideas

It is human nature to stay in their lanes, once they have achieved success. The tendency to observe old habits and patterns that have proven successful in the past is quite common in entrepreneurs.

A strong business mentor can help you to increase awareness of methods and ways to attain success that has worked for other people. He can also offer powerful insights that you can practically apply to your business operations and even day-to-day routine.

  1. He can carve the New Way for Success

Steve Jobs once said, “We hire smart people so they can tell us what to do”. Though, lot of people just want to see their employees nodding at every word they utter, great managers and true leaders appreciate the honest employees and team members.

When it comes to mentoring, a professional business coach can help you put the pieces together for you and help you to pave way for success and more revenue in your business.

Building a business is tricky, especially if you are starting. One of the biggest pros of hiring a business coach is that they will help you to stay on the right track. If you are looking to hire the best business mentor, there is no better choice than Dr. Vivek Bindra.

Categories
Motivational

#IamOxygenMan: How To Be The Real HERO In Your Life?

#IamOxygenMan: How to be the Real HERO in your Life- BadaBusiness
#IamOxygenMan: How to be the Real HERO in your Life?

Last month has been incredibly challenging. One of our team members, Nishant, lost his father to coronavirus. His father was a doctor, who was dedicatedly treating and attending to COVID-19 patients to ensure that they return to their families after winning the battle against this deadly disease.

Doctors in India are considered no less than a God, and Nishant`s father was no exception. However, the gravity of the crumbling healthcare system stuck all of us, when his father who worked devotedly to treat the COVID-19 patients in the hospital, day in day out, was left grappling for his last breaths due to the shortage of oxygen beds and the ambulance was not available.

A doctor, who was ensuring the health of patients, lost his life because of a lack of medical emergencies.

The incident was heart-wrenching. The stats and figures themselves were horrifying. Around 23 crores of new COVID cases and around 2.5 lacs deaths have been reported in India. In Delhi, alone 12.9 Lacs covid cases were registered, and around 18,739 deaths were reported in the past few days.

It compelled me to think about the condition of patients who were turned away by the hospitals, and lost their lives due to lack of medical treatment on time. While in government hospitals, there is a shortage of beds; in private hospitals, the treatment is quite expensive. Not to mention the shortage of oxygen supply that has brought the nation to its knees.

Finding hope in the darkness is not easy. With so many personal losses, the world loses its meaning. However, I could have either just sit helplessly, blaming the government and be a mere spectator or step up and do something to help save lives.

I chose the latter one and have taken an initiative with ISKCON to come forward to help and support our people, and country in this crisis. Within 4 days, with the help of my Bada Business team and ISKCON, we have set up a free Covid care Center facility in Dwarka. There are not enough words to express my gratitude for the commendable work done by my BB team and ISKCON, who immediately sprang into action.

This free COVID Care facility in Dwarka is equipped with 200 oxygen beds, 10 doctors, 20 nurses, 30 paramedics, along 40 volunteers from our organization. We are also providing nutritious meals to every patient for a speedy recovery, and everyone who is working tirelessly to ensure their comfort and well-being.

 

To continue the services of our free Covid Care facility for the next six months, we will require funds. And to ensure that every COVID patient receives the best of the medical care and facility, we are organizing a Fundraising Event- I Am Oxygen Man on the 16th of May, from 04:00 PM onwards.

This event will witness the presence of many renowned and popular celebrities like Kailash Kher, Sonu Nigam, Daler Mehendi, Shankar Mahadevan, Mika Singh, Sunil Grover, Boman Irani, Sanjeev Kapoor, Shaan, Ritesh Agarwal, Raju Shrivastav, Acharya Balkrishnan, Hema Malini and many more.

#IamOxygenMan
#IamOxygenMan

#IamOxygenMan- Our Objective

‘I Am Oxygen Man’ may give you an idea behind our event. But, it is not just limited to that. We want to encourage people to come together and generously lend their helping hand to help those who are suffering in this crisis.

Anyone who lends a helping hand towards anybody who needs help is ‘Oxygen Man’. Gone are the days when heroes like Shaktiman, Superman, Ironman, and Batman were considered to heroes. Where these heroes are fictitious; ‘Oxygen Man’ is a real-life hero that resides in each one of us.

Our aim behind the event #IamOxygenMan is clear. We want to raise INR 5 crore to fund the free COVID care center facility. The event will be broadcasted LIVE on Facebook and YouTube.

We need your support and contribution. Together, we are unstoppable in the fight against COVID-19.

The #IamOxygenMan is not just an event, it`s a movement! It gives us all a chance to unite and make a difference in someone`s life with our generosity.

Join us in our movement to save lives. Every donation to this fund will help us save a life.

Your support means the world to us!

To Donate in This Noble Cause, click here: https://iskcondwarka.org/iskcon-covid-care-center/index.php

Click here to Donate: https://rzp.io/l/sm8Pqevhn​

Payumoney: http://bit.ly/2MfQkBi

 

P.S: Be a #IamOxygenMan by sharing information about Free ISKCON COVID Care Facility to as many people as you can, so that it reaches out to people at the right time.

Address of the Facility – DDU College, Sector 13, Phase-1, Dwarka, Delhi.

Contact no- +91 9717544495

Categories
Business motivation Strategy

7 Important Time Management Tips For Entrepreneurs In 2021!

7 Important Time Management Tips For Entrepreneurs In 2021!
7 Important Time Management Tips For Entrepreneurs In 2021!

“The lost time is never found again”, this famous quote said by the infamous Benjamin Franklin is very popular for two reasons. First, it holds nothing but the truth about the nature of time, and second, it inspires us to manage our time constructively.

Time is a valuable resource without an iota of doubt. Whether you are a student who is preparing for his exams, or an entrepreneur, who wants to do a lot in a very short span, time management is paramount for everyone.

Starting a business from the scratch requires a great deal of determination, hard work, and discipline. Hence, proper administration is crucial.

Most people often misinterpret the management of time with working extra hours. However, overworking yourself will not yield positive results, and you will rather end up feeling worn out.

Whether it is Bill Gates, Jeff Bezos, Mark Zuckerberg in this era, or Mahatama Gandhi, Nelson Mandela, and APJ Abdul Kalam, every great leader had 24 hours in a day. But they have achieved great heights of success in their lifetime.

How did they do that? They managed their time well. You can watch some of the best time management tips, right here:


One of the most common misconceptions that entrepreneurs or solopreneurs generally have is that it is OK to work for excessive hours because they are their bosses. However, this pattern of thinking can create an overload of stress.

The job of being an entrepreneur is not an easy one. And because they are responsible for donning multiple hats, entrepreneurs have a greater responsibility. This is where time management is crucial.

Here are eight tips that will help you to manage your time in the right way and achieve more productivity within your business:

  1. Prepare a list of Important Tasks

Daily or weekly, whatever suits you, but preparing a list of tasks will help you to identify the important tasks and prioritize them. Every morning, before you start your day, go through your list and allot a specific time for each task. It will also help you to accomplish all the essential goals for the day.

  1. Learn to Prioritize

When every task is a priority, nothing else is! We often get indulged in multiple tasks throughout the day, without giving it a thought if all of them hold equal importance. Once you have listed out all your daily tasks, highlight those that are on priority.

By creating a list you can recognize the activities that require immediate attention. Sorting your daily tasks based on priorities will bring you closer to your goal and help you further to advance in your venture.

Prioritizing, will not only give you sufficient time to get all the crucial things done on time but also help you avoid procrastination.

  1. Manage a Calendar

Maintain a calendar, digitally. It will help you to keep track of the tasks that you require to finish in a day. Also, you can set a reminder for specific tasks, so that you don`t forget about the tasks that are to be carried out on the same day.

  1. Organize your work around your energy levels

It`s often said that the morning time is considered to be the most productive time. Why? Because our energy levels are quite up, the mind is fresh, and most of us are ready to face the day. Our energy levels are directly proportional to our efficiency and productivity.

Hence, if it is possible, try to schedule your most difficult tasks in the first half of the day, when your energy levels are at their peak.

  1. Focus on Productivity

When you are managing time, it is imperative to ask yourself few questions. Will this task make business more productive? How much does this activity will contribute? Questions like this will enable you to analyze which activities will enhance efficiency and prove more beneficial for your business. You can then plan everything that is in favor of your business.

  1. Grow at your own pace

The major reason why this present generation of millennials is often stressed out and overloaded with work is that they all want to win the race at the same time. While you must keep making progress, it is also important to go at a pace with which you feel comfortable.

Do not compare your journey with others, because everyone has their battles and opportunities. Concentrate your energy and effort on fulfilling your goals at the pace you feel is appropriate for you- personally and professionally.

  1. Make time for yourself

Within the whole process of time management, entrepreneurs often forget to make time for themselves. Finding space for distraction, relaxation is very important. Every day, for a couple of hours, dedicate yourself to relax by taking a break from work, resting for dedicated hours, and focusing on your mental and physical well-being.

Time management was already quite a challenge during normal times. Now with the COVID-19-induced pandemic, where everyone is working from home, it has become even more difficult. From sharing spaces with our partners to managing kids and parents at home, time management has even become more essential.

So, apply our tips in your daily life and you will experience a considerable amount of improvement in your life.

Being an entrepreneur is not easy. But we believe with the right guidance from the best business coach in India can help you to overcome the challenges.

You can also take our ‘Everything about Entrepreneurship’ course, which is one of the best online business courses for entrepreneurs in India. Our courses offer in-depth knowledge about business and the market that lets you manage many aspects of your business with the minimum investment of time and money, leaving you free to focus on the larger picture.