Author: Editor's Desk

Categories
Business motivation

5 Ways To Eliminate Work Stress And Avoid Burnout

Ways to Eliminate Work Stress| Representational Image (Photo Credits: Pixabay)
Ways to Eliminate Work Stress| Representational Image (Photo Credits: Pixabay)

Everyone who has ever held a job has felt the pressure of work-related stress at some point in their life. Experiencing work stress is unavoidable at times- even if you love what you do. In the short-term, there may be pressure to meet deadlines. But when work-related stress becomes chronic, it can be harmful to both emotional and physical health.3 Ideas to Keep Your Employees Engaged and Motivated.

Is there any way to get rid of work stress? How to keep cool during tight deadlines? We know you want to get answers to these questions, right? Here are steps you can take to keep work stress to a minimum. Top 24 Business Movies Every Entrepreneur Should Watch for Inspiration and Motivation.

Recognise Warning Signs of Excessive Stress

When you feel that you are under immense pressure at workplace, you lose confidence and may become bad-tempered. This can lead to less productivity and your work may seem less rewarding. If you ignore chronic stress it can lead to emotional and physical problems.

Take time to recharge

Even a few minutes of me-time during a hectic day can help prevent burnout. Listening to your favourite songs or watching a funny video can relax you. During your personal time, you should also avoid checking work-related emails and messages.

Eat Right And Sleep Well

Food and sleep have a major impact on us as they directly affect our health. Most of the health experts advise eating a low-sugar and high-protein diet. If you have problem falling asleep or you wake up in the night and can’t get back to sleep, then try a simple breathing trick: Cover your right nostril and breathe through left nostril for three to five minutes.

Balance your work and personal life

Being available all the time will easily burn you out. It is important to give equal importance to work and home life to avoid potential stress. This means taking out time for socialising and establishing rules for when you will check work-related emails or take phone calls.

Motivate yourself

Hundreds of thoughts stream through your mind every day, This can also include negativity. The fix? Instead of being critical of yourself, try self-motivating yourself. Encouraging thoughts will help you to achieve your goals and ultimately train you to inspire others.

Categories
Finance

Union Budget 2021: How the post-COVID Budget will Impact the Corporates & Common Taxpayers?

union budget-2021
Union Budget 2021-22 | Representational Image

With the economy slowly gaining momentum from the pandemic, a lot of hopes are riding on the Union Budget 2021. Finance Minister Nirmala Sitharaman, who is supposed to announce the first post-COVID Budget 2021 on February 1, is ready to steer the Indian economy back on the growth track.

Due to the global pandemic, almost all the sectors of the economy were knocked-off in 2020. However, there have been few indications that some of them are showing a quick recovery.

The major challenge for the Finance Minister is to hit the perfect balance between managing the fiscal deficit considerations and reviving broad-based growth.

While the auto and real estate sectors are still struggling, MSMEs across several sectors are still facing the financial crunch, resulting in little or no job creation. In the wake of the pandemic-induced economic shock, the government is expected to provide more tax breaks to netizens, so that they can have higher disposable incomes.

Now that the end of the pandemic is in sight, all eyes are on Union Budget 2021 in the hope of some much-awaited reliefs and incentives. The corporates and individual taxpayers are all expecting the tax concessions in this year`s budget.

Let us look at some of the most crucial expectations that the taxpayers have from the upcoming Union Budget 2021:

Tax Reliefs for Corporates

Before the pandemic struck the world, the corporate taxes in India were reduced to 22% for companies and 15% for manufacturing firms. So, any further reduction in corporate tax seems unlikely. However, to support the companies to cope up with the losses suffered during the lockdown, investment-based reliefs and flexible adjustment of the previous year`s losses could be in the pipeline.

Insurance Awareness

The importance of insurance in India has been low for many decades. In 2020, people became more aware due to the pandemic and the high medical costs related to it. Perhaps, this is an excellent time for the insurance sector to increase its foothold in the country.

Worst Hit Industries & Sectors

Several industries like aviation, food & beverages, tourism, etc., have suffered major losses due to the COVID-19 pandemic. The recovery time for these sectors will also be longer as compared to the other industries that are already on their path to recovery.

To provide relief to worst-hit sectors, the government may extend their 8-year-loss-carrying forward window. These industries will have minimal income levels in this as well as in the upcoming financial year until they recover completely.

Vivad se Vishwas Scheme

The introduction of Vivad se Vishwas Scheme was one of the highlights of the 2020 Budget. The government aimed to increase their tax revenues by offering to settle cases upon 100% payment of disputed taxes. This would result in the saving of interest as well as the penalty.

However, there were fewer takers of the scheme due to the pandemic. Thus, the government might consider extending this scheme so that more taxpayers can avail the benefit of this scheme in the upcoming Union Budget 2021.

While there are numerous expectations from Budget 2021, the government has announced various relief policies to keep the economy afloat.

The Budget 2021 will be announced on February 1. Finance Minister Sitharaman will deliver the longest ever budget speech last year. This year the Union Budget 2021 will be paperless.

Categories
Business motivation

Top 24 Business Movies Every Entrepreneur Should Watch for Inspiration and Motivation

Movies Every Entrepreneur Should Watch| Representational Image (Photo Credits: Pixabay)
Movies Every Entrepreneur Should Watch| Representational Image (Photo Credits: Pixabay)

Entrepreneurs and Businessmen, like most of the people, need inspiration from time-to-time. And what’s better than watching some thought-provoking movies. The good movies can offer a lot to learn about the plight of entrepreneurs and startups from the comfort of your couch.Top 21 Books That Every Entrepreneur Should Read In 2021.
Some movies can inspire to raise the bar while others can push you to original thoughts and conclusions. The movies can also give you some exciting and fresh ideas or can even help you to make a breakthrough. 5 Habits of Highly Successful Leaders and Entrepreneurs.

Top 24 Films About Business

The Wolf of Wall Street by Martin Scorsese

Boiler Room by Ben Younger

The Billionaire by Songyos Sugmakanan

The Corporation by Mark Achbar

Pirates of Silicon Valley by Martyn Burke

Moneyball by Bennett Miller

Startup.com by Chris Hegedus and Jehane Noujaim

The Aviator by Martin Scorsese

Joy by David O Russell

The Social Network by David Fincher

Wall Street by Oliver Stone

Jerry Maguire by Cameron Crowe

Jobs by Joshua Michael Stern

Breaking Bad by Vince Gilligan

The Pursuit of Happyness by Gabriele Muccino

The Goods: Live Hard, Sell Hard by Neal Brennan

Rocket Singh: Salesman of the Year by Shimit Amin

Glengarry Glen Ross by James Foley

Suckers by Roger Nygard

Mad Men by Matthew Weiner

Billionaire Boys Club by James Cox

Margin Call by JC Chandor

Too Big to Fail by Curtis Hanson

Con Man by Bruce Caulk

Films about successful businessmen and millionaires have considerable appeal to the audience, especially when they are based on real-life events. Movies about successful people can inspire us and may even be the reason for starting a business.

Categories
Startup

5 Major Reasons behind Why Indian Startups Fail

why indian startup fails

The Indian startup ecosystem continues to expand and grow rapidly. Right from the Government support, increased participation of corporates, evolution of the investor landscape, incredible global exposure, and the growth of digital infrastructure in India- the various elements of the startup ecosystem are coming together in a melodious symphony.

According to a NASSCOM report, the Indian startup ecosystem has the potential to grow 4X by 2025, and the number of unicorns is expected to be 95-105. The cumulative valuation of these unicorns is expected to reach USD 350-390Bn.

Despite all the favorable factors, 90% of the startups fail in India within the five years of their inception, according to a report by IBM Institute for Business Value and Oxford Economics.

Wondering why startups fail? Here are some of the key reasons behind the high startup failure rate:

  1. Lack of Innovation

One of the crucial reasons why startups fail in India is their lack of innovation. Innovative business ideas help to attract customers, beat the competition, and resolves challenging situations.

Although India is said to have the third-largest ecosystem in the world, the country lacks meta-level start-ups like Facebook, Google, and Twitter. Indian startups must drive their business operations with innovation, rather than replicating global startups.

  1. Lack of Funds

There must be millions of creative ideas floating around. However, turning these ideas into reality requires funds. Insufficient fundraising is a roadblock that leads to the shutdown of many Indian startups.

For startups that manage to receive seed funding, the inability to raise follow-up funds becomes the major cause of startup failure. So the startups must think about having effective business and revenue models.

  1. Lack of Focus

Be it a product, its features, or the market positioning, few investors and mentors firmly believe that the founders of Indian startups often start spreading themselves too thin.

A startup is best suited to cater to a particular problem for a specific segment. Though the business dynamics will keep evolving and the focus will not remain the same forever, it is essential for founders to sharply define what exactly they want to build.

  1. Right Market for Products

One of the biggest reasons why startups fail in India- the consumer does not need its products. Many founders in India end up falling in love with their product without realizing if it solves the customer`s need. Thus, it is important to target the right market segment and gain an in-depth understanding of your customers.

  1. Lack of Strong Leadership

Startups in India are mostly driven by the vision of their founders and core team members. While the innovative idea is significant in the journey of a startup, the absence of strong leadership is another reason why startup fails in India.

While some entrepreneurs are born with strong leadership skills, others can develop them. If you do not have the leadership skills, you can delegate the role to someone who has a futuristic vision.

You can also find a mentor to help you build and develop leadership skills. You can also study and gain an in-depth knowledge of leadership skills with the Everything about Entrepreneurship course. Learn the essential strategies to become a strong leader for your startup by talking with the top industry experts. To know more click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

Categories
Business motivation

top 5 Smart Tips for Packaging Business in India

packaging business tips

‘Never judge a book by its cover’, an old proverb that we must have heard multiple times. However, when it comes to marketing a product, the outer packaging is very important. Wrong packaging could be detrimental to your packaging business.

Packaging can influence customer behavior, improves customer satisfaction, and motivates consumers. It is also one of the key drivers of repeat purchases, especially when you are at the early stages of the packaging business.

According to a Business Standard report, in developing countries like India, the packaging is almost 54% more important for customer satisfaction, as compared to developed countries such as the US & Japan.

Having an excellent packaging design not only makes your product unique but also attracts customers. Good packaging can elevate your brand value, justify the price, and makes your product stand out from the competitors. It also ensures the safety of your products.

Let`s discuss some of the most effective tips that you must keep in mind when it comes to a packaging business startup:

  1. Packaging Budget

Before starting a packaging business, determine your budget. Your budget will also determine the material you can use, and how you can make your packaging design as enticing as possible.

Materials like fibers and glass look beautiful, however, they do not come cheap either to manufacture or to ship. Glass is heavy and breakable. It is also not appropriate for shipping as well. This may lead to consumer prices. So, it is better to determine the budget for packaging. You can also opt for a bulk option which can be cost-effective.

  1. Multiple Packaging Plan

It is always wise to do some research before finalizing your packaging requirements based on your product. Invest a considerable amount of time to study the various packaging options available. Choose the type of packaging that guarantees the safety of your product and leaves an unforgettable impression on your consumer`s mind.

  1. Packaging Transportation

After deciding on the package design, it is time to shift your focus to its functional characteristics. No matter how attractive your packaging is if the packaging does not ensure the safety of the product, it is useless. Hence, pick your packaging wisely.

  1. Inventory Management

One of the most crucial parameters for any packaging business start-up is inventory management. Inventory management is done properly can be cost-effective. Analyze the stocking options based on your business requirements and manage your packing business smartly.

  1. Choose Sustainable Packaging Materials

Building purposeful packaging can leave a long-lasting impression on your customer`s mind. If you are an entrepreneur and your business is at an early stage, choose packaging that conveys relevant information about your brand. Pick a packaging material that is light-weight, eco-friendly, and sustainable for the environment.

Packaging serves as the main ‘attention-getter’ in every industry and can drive more customers to your products. Keeping the above-mentioned factors can help you choose the perfect packaging for your business.

Apart from picking up the best packaging material, there could be more challenges that can hinder the growth of your business. So how will you get past them when you are just starting up?

Find solutions to all your business problems with Problem Solving Courses that will give you some wonderful insights into the packaging business.

Find solutions to your every business-related challenges here: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

Categories
MSME

MSMEs in Karnataka To Benefit As Amazon India Inks Pact With Karnataka Govt To Increase Their Exports on Global Selling Platform

Online Business
Online Business

Bengaluru, January 29: With an aim to help micro, small and medium enterprises (MSMEs) operating in Karnataka and spur their exports, global e-tailer Amazon India on Thursday signed an agreement with the Karnataka industries and commerce department. The pact will help the MSMEs in the southern state in increasing their exports on its global selling platform. The agreement will enable Amazon to train and onboard MSMEs across the state on its global selling platform for driving their exports to customers in 200 countries the world over. The e-tailer’s platform lowers entry barriers for MSMEs to expand their business and launch their products globally.

An official statement said that the MSMEs from the state export a range of products, including readymade apparel, leather goods and toys among others and the pact would boost their export. The company will conduct training, webinars and on-boarding workshops in MSME clusters at several locations on B2C e-commerce exports.

Here’s How the pact would benefit MSMEs in Karnataka:

  • The workshops will enable MSMEs to use tools for launching their brands and grow their business in overseas markets through our global selling platform.
  • The company will conduct training, webinars and on-boarding workshops in MSME clusters at Ballari, Channapatna and Mysuru on B2C e-commerce exports and selling worldwide through its 17 international marketplaces.
  • The partnership with Amazon India will enable MSMEs to leverage its global presence and showcase their products to customers the world over.
  • The partnership with Amazon will help the livelihood of artisans, weavers and craftsmen in the state as 50 per cent of sellers from Karnataka on Amazon were in based in tier-II cities, Amazon should expand its footprint beyond Bengaluru to other parts of the state.
  • Karnataka Industries Minister Jagadish Shettar said on the occasion that Karnataka had a vibrant agro, aerospace, automobile, biotech, garment, handicraft, textile and toys sectors.
  • Abhijit Kamra, Amazon India global trade Director, said the partnership with the Karnataka government would elevate MSMEs in the state to a global level.

In the past, the Amazon global selling programme has enabled over 70,000 Indian exporters to cross $2billion in exports and showcase Made in India products. The southern state has a rich cultural and traditional heritage, with multiple Geographical Indications (GIs) products like Bidriware, Channapatna toys and Kinnhal craft. Mysore silk, Udupi cotton and Ilkal sarees are world-famous.

Karnataka has about 8 lakh MSME units with Rs 86,000 crore investments and employ 56 lakh people in 10 clusters spanning automobiles at Hubli-Dharwad, food processing at Kalaburagi, readymade garments at Hubli, raisin at Bijapur (Vijayapura) and Athani in Belagavi, heat treatment at Hubli and printing at Harohalli in Ramanagara district among others.

Categories
Business motivation

5 Simple Steps to Start a Packaging Business in India

Packaging Business in India

Packaging plays a vital role in any business. It is one of the first things that capture a customer`s attention. A visually appealing packaging enhances the brand`s image and the overall purchasing experience of the customer.

Not only packaging adds up to the visual appeal of the product, but it also provides protection to goods and makes transportation easier.

According to a report by IBEF (Indian Brand Equity Foundation ), ‘the India Packaging Market was valued at USD 50.5 billion in 2019, and it is further expected to reach USD 204.81 billion by 2025, registering a CAGR of 26.7% from 2020 to 2025’.

Despite the coronavirus outbreak, the future of the packaging business is great. Hence, if you have an excellent packaging business plan, you should execute it, without a delay.

However, there is more to the packaging business than just having a plan. Here are the key steps that will guide you to start your own packaging business in India:

  1. Plan Your Business

If you have a business plan all set and ready, then great! But if not, then you need a packaging business plan. Having a well-researched business plan will help you map out the specifics of your business. It will also help to discover the challenges that you might face in the future.

  1. Pick the Right Name

Choosing the right name is extremely important. Because your business name will represent you! Hence, take the help of professionals to come up with a perfect name for your packaging business.

  1. Initial Investment

After having a business plan, it is important to estimate the total cost that you might need at the early stages of a packaging business in India. As the packaging business can also be started at home, their operation requirement is small. Hence, the initial investment might below.

  1. Find your Target Market

Finding your niche market plays a crucial role in any business, and the packaging business is no exception. Recognizing your target market and customers will help you develop a better business strategy to attract small business owners and customers.

There are lots of small business owners who are looking for creative packaging for their products. You can offer your services and help them to market and sell their products with well-designed packaging.

  1. How will you make Money in Packaging Business

Usually, a packaging design that is creative and new can help you earn handsome profits. If your packaging ideas align with the product and the brand`s image in an attractive way, you can expect various clients.

To establish a successful packaging business you need more than just a business idea. But, with proper guidance and professional insights, you can take your business to the next level.

Learn what challenges you might face in the packaging business and how to get past them. Our EAE course will help you carve a path for your success in the future. Make your future brighter, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

Categories
Business motivation

5 Low-Cost Business Ideas for Young Entrepreneurs to Enhance their Skills

low cost business idea
Promote Your Business Online

‘Success may come to the first movers, but success stays with the fast movers’. Starting your own business is a dream, but if you stay confused about which industry or sector you must choose, you might keep waiting for a long time.

Every business has its challenges, however, if you are determined and confident about your skills you can find amazing business ideas that are profitable in 2021.

For young entrepreneurs who are passionate about making their mark, here is a list of low-cost business ideas:

Repairing of Mobile Phones & Computers

If you are an undergraduate but have dreams of becoming an entrepreneur in India, this idea is perfect for you. If you are interested in computers, you can do simple hardware repairing certification course. It is one of the most profitable low-cost business ideas that do not require you to have any degree. You can set up a shop in your locality and start earning by repairing mobile phones & computers.

Create a YouTube Channel & do Brand Promotions

In this world of digitalization, the definition of entertainment has changed, completely. Today, young entrepreneurs are earning well by creating engaging content and promoting popular brands on their YouTube channel.

Starting a channel on YouTube is easy and hassle-free. It is a low-risk business idea, which is perfect for young entrepreneurs who are filled with unique concepts and exclusive ideas. All you need is a phone and a video editing app to create short videos that scream entertainment.

Become a Translator

Love learning new languages? Then becoming a translator is an excellent business idea for young and aspiring entrepreneurs in India. Various companies in the country are looking to expand their reach globally. They are willing to pay people who can speak foreign languages like Japanese, Chinese, German and Spanish.

So if you are interested in learning a foreign language, you can make good money from this by offering your translation services to individuals as well as companies.

Fitness Guru

Today, people are becoming health conscious more than ever. Thanks to our unhealthy lifestyle and hectic work schedules, more and more millennials are turning towards fitness trainers for good health.

If you are crazy about physical fitness, you too can become a fitness trainer. There are many certification courses available as well. You can set-up a gym and become a qualified fitness guru.

Online Tutor

With BYJU`s joining the Unicorn Club in 2020, online education has become a popular thing. If you have proficient knowledge about a certain subject, why not use it constructively? Due to the pandemic, many students are looking for a subject matter expert to help them in their studies. Becoming an online tutor is an excellent business idea that is profitable and involves no risk. Your subject knowledge can help you earn handsome money.

If 9 to 5 desk jobs do not excite you, fuel your entrepreneurial skills with our amazing business ideas. However, with proper guidance and expert knowledge, you can reach your goal quickly.

What does it take to become India`s no. 1 entrepreneur? Deep insights of great mentors who are ready to help you throughout your journey! And our Everything About Entrepreneurship course provides you exactly that. Why not connect with us for more information?

Take the first step towards your brighter future, by clicking here: https://www.badabusiness.com/?ref_code=ArticlesLeads

Categories
Business motivation

Top 3 Emerging Industries in India to start a business in 2021!

emerging industries

In the post-COVID 19 worlds, the Indian economy has clearly shown signs of recovery with emerging markets. The year 2021 is expected to be a happier fiscal year after the pandemic struck a slowdown in 2020. The country has bounced back due to the quick decision-making along with the cohesive ecosystem in which the government and the private players joined hands for spontaneous response.

According to a report published in Money Control, ‘the Indian stock market started the year of 2021 on a strong note with the additional gains of about 15% each on benchmark indices. IT, Pharma & Healthcare industries topped the charts and will retain the baton for 2021’.

As the country is advancing at a breakneck pace, here are the top 3 fastest growing industries in 2021:

  1. Pharmaceuticals & Healthcare

Due to the global pandemic, there is an unquestionable need for a stronger healthcare infrastructure. India along with other countries will now prepare for health emergencies that might again rise in the future. This makes Pharma & healthcare sector as the best industry for business.

To achieve self-sufficiency in terms of production in Chemicals and Pharmaceuticals, the Government of India also launched two schemes in July 2020 for the promotion of manufacturing of active pharmaceuticals ingredients (APIs), key starting materials (KSM), and drug intermediaries (DIs).

  1. Information Technology

India has been the hub of Information Technology for decades. One of the best industries for business, the IT sector has always been the nation`s sunshine sector. From a slow developing economy to a global player in providing world-class technological solutions, the IT sector has transformed India`s image worldwide.

According to a report by IBEF (Indian Brand Equity Foundation), IT spending in India is projected to increase by 6% to reach US$ 81.9 billion in 2021. The IT-BPM industry`s revenue is growing at 7.7% y-o-y and is estimated to reach US$ 350 billion by 2025.

  1. Electric Vehicles

In an initiative to make India an electric vehicle hub by 2030, the government has recently announced to establish the infrastructure for at least one electric vehicle charging kiosk at petrol pumps across the country.

According to a report by Avendus Capital, the electric vehicles in India could represent an INR 500 billion opportunity by 2025. Hence, the diverse areas like R&D, sales, manufacturing, driving, and servicing as well as technology will offer a lot of growing business opportunities.

Amidst the pandemic, these fastest growing industries in India will have a first-mover advantage that will lead to an ocean of growing business opportunities for those who want to make a comeback.

If you are looking for an opportunity to start your own business in one of the emerging industries, this is your golden chance. But before testing the tides, it is wise to upskill yourself with the best business skills.

It’s not important to move first, It`s important to move Fast. So, learn the changing dynamics of business from our industry experts. Get the support and guidance you need to make your business dreams a reality by joining our EAE (Everything About Entrepreneurship) course, tailor-made just for you.

To know more about how our EAE can change your life, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

Categories
Business motivation

3 Ideas to Keep Your Employees Engaged and Motivated

Business Guidance By Multi-millionaires On Starting-Up!
Business Guidance By Multi-millionaires On Starting-Up!

One of the valuable skills you can sharpen as a business manager or an entrepreneur is the ability to engage the people you employ. If you hire the right people and manage them well, you will have an excellent workforce that is characterised by brilliant performance and growth.

However, if employees are not happy with you, the company might have an unwelcome turnover. The business will also be in a constant state of chaos. Here are some ideas to keep your employees motivated.

Empower the Individual

Every employee deserves to be valued as an individual. No one wants to be a faceless pawn in the company. Thus, the employer should motivate every employee individually. This will encourage them to perform better and they will give their best in every assignment.

Develop a Positive Environment in the Workplace

Most of the employees spend the majority of their waking hours at the office. Hence, the workplace should be a place with a happy environment. Employees should be encouraged to share their knowledge with everyone, including managers. Employees also need to be encouraged to accept their mistakes without fear of humiliation.

Provide Supportive Leadership

Leadership is not only about giving tasks but also motivating employees. Supportive managers work closely with the employees. Good leaders serve as role models. Hence, they should also take accountability if the team does something wrong. While big wins are important, leaders should also celebrate mini-milestones of employees in their day-to-day lives.