Author: Nupur Tiwari

Categories
Motivational

Top 4 Mindset Milestones Every Entrepreneur Should Reach For Success!

How entrepreneurs can attain the perfect mindset for business
How entrepreneurs can attain the perfect mindset for business

Summary: Having a proper business mindset is required for starting any venture. But what exactly is a “proper business mindset?” Find out in this article.

We all have heard about the expression that your thoughts greatly shape you as the individual you are in the current moment. Our thoughts have a great impact on our personality and our life.

If you listen to or follow any business coach for entrepreneurs, you must have come across a common recommendation for developing a proper business mindset. Many successful leaders often emphasize the importance of the right mindset and how developing it can be beneficial for personal and professional growth.

But, what exactly is a “proper business mindset?”

In simple words, it represents a certain way of thinking that implements various growth strategies, people skills, and approaches to challenges and situations that together help you move forward with your initial plan. It not only helps in professional situations but also in personal life. So, it’s only natural to implement a success-oriented mindset into the field of entrepreneurship.

Here are the top four mindset milestones for entrepreneurs that will make the whole journey far more successful, wise, and even a bit fun:

1. Quit the Mindset that You Will Make it the First time

Many entrepreneurs often expect success out of their business ideas. Having trust in your ideas and confidence in your caliber is something that is an essential entrepreneurial trait. However, if you do not look at the failures along the journey as a normal process, then they can hit you hard if it happens.

This may lead to discouragement, discontent, and a decrease in your self-confidence, and recovering from that one will be quite challenging. Ask any business coach and he or she will suggest that instead of expecting success on the first try, keep your mind open and be ready for any type of scenario. Always, remember to view failures as an incredible source of learning mistakes.

2. Hire a Team of Professionals

As your business will start evolving, you would certainly need support. That’s when the hiring process takes place. Many young entrepreneurs often lack the confidence to hire professionals. So, they end up hiring less experienced people with doubtful work ethics. Recruiting the wrong talent can prove to be detrimental to your business in its early stages. So, always ensure that you hire the right people for the right job.

3. Invest, Invest, Invest

Starting a startup is like investing for a lifetime. If you thought that the initial investment is the only investment that would need to be made, you are greatly mistaken. Maybe your business will become a hit with your target audience and your revenue will start growing. But, before booking yourself an exotic international destination, stop for a second. A business is like a child. It will require constant investment, funds, energy, and time. Accept the fact that you need to reinvest a huge portion of your profit back into the business.

4. Adhere to Business Fundamentals, but Stay Open to New Approaches  

The business world can be incredibly dynamic with lots of trends and distinct approaches. Staying abreast with the new and familiar with the old-school business techniques is crucial for any business to stay relevant in this ever-changing world. We all may have certain preferred methods of work but we should also pay attention to new organizational trends, and be flexible and ready to embrace changes.

There are various business leaders to whom a business mindset comes naturally. However, the majority of us will probably need to further educate ourselves on the best practices and try to implement them in our growth strategies for our business. Having a startup business has many bright sides and it constantly keeps on teaching you how to rise to the next level of growth and self-development.

So, with these simple ways, you can start working upon yourself to develop a proper mindset for your business. You can also follow Dr. Vivek Bindra- the best motivational speaker in India to get business tips for your startup.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

To know more about our business courses, visit: www.badabusiness.com

Categories
Motivational

5 Simple Ways To Monetize Your Instagram Account!

5 Simple Ways To Monetize Your Instagram Account!
5 Simple Ways To Monetize Your Instagram Account!

Summary: Instagram is much more than a picture-posting platform. And with the right knowledge and tools, you can earn money too! Want to know how? Find out in this article.

Instagram, which simply began as a photo-sharing app, today has evolved into a powerful marketing platform. Thanks to thousands of brands and influencers, businesses can reach a wider target audience. It has more than a billion active users per month. Approximately 60% of the users turn to Instagram to discover new products, and around 80% of them follow a brand which gives entrepreneurs a golden opportunity to establish their name.

If you are an entrepreneur and are looking to build a brand image, with the right knowledge and tools, you can grow your followers and earn money too. There are many business coaching programs online to learn Instagram marketing, which you can join to gain in-depth knowledge.

Here are five proven ways that will help you to make money on Instagram with a decent number of followers:

1. Sponsored Posts

These days’ brands use influencer marketing to promote their products because it is more effective. This is because people trust word-of-mouth recommendations more than the brands themselves. Consumers look for referrals from their peers when trying to make a purchase decision.

Brands understand the needs of their consumers and hence, turn to influencers to promote their products rather than doing it themselves on their profiles. If you have a decent number of followers, you can start earning as an influencer. Brands focus more on the engagement rate than on increasing the number of followers. Thus, have more in-person interactions with your followers as it attracts more brands.

2. Affiliate Marketing

Sponsored products are not the only way to make some money on Instagram. Working as an affiliate can also help you monetize your account. Every time your follower purchases a product that you recommend in your account, you earn money. They can use a promo code or they can purchase the item by clicking on the affiliate link. The brand tracks the number of sales completed through your recommendation in your profile and pays a commission in return.

You can start by researching the brands that you will prefer to affiliate with, fill out a request form, and if approved, start promoting their products on your account.

3. Sell Your Own Digital & Physical Products

Many Instagrammers make money by selling their digital products. The good news is that Instagram focuses on visual things. Users often visit this platform to get inspiration and discover new products. So, as long as your products have a strong visual appeal you can sell your products on Instagram. Want to learn more about Instagram marketing? You can join the business coaching program; a specially designed program for entrepreneurs by Dr. Vivek Bindra.

4. Become a Brand Ambassador

The high level of influencer marketing on Instagram makes it an ideal place to seek brand ambassadors. Though sponsored posts are common on Instagram, some brands prefer establishing long-term partnerships with influencers. They use them to endorse their products as their brand ambassadors.

Therefore, you can seek opportunities for collaboration with big brands on Instagram to promote their products too. The company will send you their free products to review and promote on your account.

5. Offer Social Media Marketing Services

Today, social media marketing is playing a key role in brands’ marketing strategies because of its strong sales potential. They use these platforms to endorse their products, services, and brand because they can easily find their target audience on these networks.

The competition is growing every day; hence it’s not easy for brands to run ads or post engaging content on Instagram. However, it’s easy to create great content with professional assistance and that’s what they are doing with influencers.

By using the strategies that we have mentioned above, you can simply start monetizing your account in no time. You can also join online coaching programs for entrepreneurs that will help you to understand digital marketing, different platforms, and its wide scope to reach your target customers.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more, visit: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

Categories
Business motivation Startup

7 Low-Cost Business Ideas You Can Start From Home Today!

7 Low-Cost Business Ideas You Can Start From Home Today!
7 Low-Cost Business Ideas You Can Start From Home Today!

Summary: Start a home-based business with minimum funding. Here are 7 business ideas.

Are you looking to launch your own business, but don’t know where to start? Just relax. You are not alone. Today, many people want to start a business on their own, and for good reasons. On an average, people have two-three careers during their work-life. Also, with the great resignation in full swing, many are looking to become their boss or small business owner by turning their startup business idea into a reality.

If you want to become your own boss, then we have good news! Starting a home-based business is super easy and without risk. You can start it with zero to minimum investment and determination to be successful. Here is a list of seven startup business ideas that you can start right from home:

1. Accountant

Apart from the qualification, little experience, training, or licensing may be needed. Before starting you need to list out what are the services you are willing to offer. Do you simply want to do bookkeeping for small businesses or do you want to be more involved with services like maintaining balance sheets, income statements, or financial reports on a monthly, quarterly, or annual basis?

To start and grow your business, you can listen to the best motivational speaker Dr. Vivek Bindra here;

2. Business Plan Service

Think you are good at creating excellent business plans that constitute scaling? Well, then you can offer a soup-to-nuts business plan to various entrepreneurs who are looking to develop a business plan for their startups. Plan your fee around that one main factor that the client will want and offer others as add-on services. You can either give your clients an e-file or you can keep the business plan on file and offer to customise it whenever necessary. Prepare some samples to show your clients as well.

3. Party Planner for Children

From children to adults, everybody likes to party and celebrate their special moments uniquely. The children’s birthday party has become a million-dollar company as millennial parents don’t shy away from spending when it comes to making their children’s birthday special. If you listen to Dr. Vivek Bindra- the best motivational speaker in India & business coach to various large organisations and corporate sectors you will gain in-depth knowledge about starting your own business from the scratch.

4. Consultant

To become a consultant, you need to have expertise in something. Market yourself as an advisor to people who are looking to work in that area. For instance, if you have a good knowledge of digital marketing, you can become a consultant to a business that is looking to establish its presence online. With the expertise and experience that you have gained throughout the years, you can help others do similar things without repeating the same mistakes that you made along the way.

5. Editorial Services

If you have a knack for writing and editing, you can provide freelancing writing and editorial services right from your home. All you need to have is a good internet connection and a working laptop. Here is a list of services that you can offer to your clients:

a). Copyeditor- From checking facts to fixing grammatical, stylistic, and typographical errors, copyediting involves everything.

b). Proofreading- The last stop when a writing piece is finished. A proofreader ensures that all the changes have been implemented and no new errors are created in the process.

c). Ghost Writing- You can offer your services as a ghostwriter in which you will have to conduct all the research and write the book. However, someone else’s name would be attached to it as the author.

d). Copywriting- As a copywriter you will produce copies or taglines that promote a product or a service.

6. Event Planning

Love planning things out for your friends and family? You can become an event planner. One of the first things you are required to do is to visit the client’s location. Tour each site and learn what is available at each location that you can use to create an unforgettable event. You can speak to the client once you start planning things out to understand their expectations and requirements along with the key parameters that you need to work upon.

7. Interior Decorator

If you have done a professional course in interior designing then you can pursue your interest by looking for clients in your network. But if you have a natural talent to give even the smallest space an amazing makeover, you can start your business right from the comfort of your home. To get clients, you can market your services to building contractors. People purchasing new homes often find the process of decorating and organising overwhelming. So, you can take away their worries by offering your expert advice on decorating their interiors.

We are living in a world where people want to be their own boss and starting a startup business is the best way! So, why not try the business ideas that we have mentioned above? They are easy, risk-free, and require minimum investment. Which business idea do you like the most? Let us know in the comment section.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialised courses, and value-added courses.

To know more, visit:  www.badabusiness.com

Categories
Business motivation Motivational

5 Powerful Business Lessons Every Entrepreneur Should Learn!

5 Powerful Business Lessons Every Entrepreneur Should Learn
5 Powerful Business Lessons Every Entrepreneur Should Learn

Summary: Every startup has a unique journey and its share of dos and don’ts. So why not learn from them instead of making the same mistakes again?

Ravi started his first business at the age of 19. Though he had a knack for how to start a business, he lacked how to manage it. So, his business grew quickly with just five employees in three states. His revenue was good, and the business was running smoothly, but because he lacked how to manage a business, things got out of control in no time.

Five years into the business, Ravi was in INR 10,000,00 debt. His dream of entrepreneurship had turned into a nightmare.

So what is the moral of this story? You might know a lot of things, but still, there are a few things that young entrepreneurs need to know.

Entrepreneurship can be wonderful and a fulfilling journey if you build your business the right way. Here are five wonderful lessons that you might want to learn today:

1. Know Your Customers Well

Seth Godin said, “If you try to reach the whole world, you will end up reaching no one.” If you are a “jack of all trades,” you will have a tough time growing your business. Your efforts to grow your business and focus to work in that direction will be scattered.

Hence, it is very critical to know your customer in and out. The more specific you can get to who your ideal customer is the better. It will help you to figure out the best way to find more potential customers. You can also take guidance from the best business coach who can help you to understand the buyer’s persona.

2. Don’t Over Promise & Under Deliver

In the business world, if you promise your customers a miracle, you should deliver one. If you want to grow your business and sustain it in the long term, you have to be the kind of business that always keeps its promise. For startups, there are going to be limited initially on what you can do, but that’s ok. Focus on your strengths.

3. Stay Organized

Whether it is home or work, unorganized surroundings and way of work could be frustrating for everyone: your staff, your customers, and your mental health! Staying organized is important to keep your business running smoothly. A disorganized way of working will repel new customers from doing business with you in the future. To keep your business organized, start simplifying things. This will eliminate the clutter and keep your business operations organized. Find a business coach who can help you navigate the challenges that a startup has to face, initially.

4. Focus on things that will Help You Grow Your Business

One of the most important lessons, which is applicable not just at work, but also in every sphere of life is to manage your time. As an entrepreneur, it is very important to learn where to focus your time. Don`t get distracted by too much information that might appear shiny and bright. Instead, focus on what is essential for the growth of your business and apply it wherever it is necessary.

5. Get Over Failure & Setbacks Quickly

Whether it is Einstein, Thomas Edison or Steve Jobs, or any other successful entrepreneur, one common thing that they share is FAILURE. Entrepreneurs often hold back because of ‘Fear of Failure’.  However, the truth is that failures are momentary set-back and not business-ending events, which send you in the right direction. When you experience failure, you must know that it is not the end of the world. Brush off the dust and move on, determined to come back even stronger. You can also work along with a business coach who can help you spot your shortcomings and direct you to bounce back.

You can have a good idea, but to be the most successful entrepreneur you must know how to turn a good idea into a viable product or service for your business. You can give it all, but it is important to know that it takes time and feedback from your customers to get your best.

So don’t be that “I know it all” entrepreneur. Be open to new learning and stay curious to look at things from a different perspective. Learn these lessons and your business will thrive.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

To know more about our courses, visit: www.badabusiness.com

Categories
Finance

6 Simple Yet Effective Ways To Make Extra Money Quickly

6 Simple Yet Effective Ways To Make Extra Money Quickly
6 Simple Yet Effective Ways To Make Extra Money Quickly

Summary: Want to make more money online? Here are five proven ways to make extra money.

Well, we keep on working throughout our lives to ensure our future. We keep wondering about questions such as how to pay our bills post-retirement and how to ensure that we receive continuous income? So, someday you won’t have to worry about money, rent, bills, and credit card debt. But today, you will have to take control of your financial situation.

So whether you are looking to earn extra income or want to get rid of your nagging customer care executives who do not forget to give you a call reminding you about your unpaid bills, these distinct ways of side-hustles will help you earn extra money.

Here are 6 ways through which you can earn some extra money online through various apps, and offline, too. The best part?…. You require little or no capital at all. So keep scrolling to know more.

1.       Become a Market Research Participant

By participating in market research, you can earn real money easily. Multiple companies conduct surveys and offer money for not a lot of work. All you have to do is complete an online survey on the company’s products or services by giving your feedback. 

There are many companies online that may ask you to join a focus group to simply share your opinion and will compensate you with cash or a gift card. It involves you writing or stating your feedback in polls or paid surveys. This will not take much time and is a great way to earn extra income. You can also listen to the best business motivational speaker to ensure that you are always motivated.

2.       Sell Old Books & Games on Amazon

Have old books or old games that you don’t play anymore? You can make more than just a few bucks if you have pricey books and games by selling them on Amazon, eBay, and Olx. Platforms like Amazon or eBay make it to list and sell your old books and other items on its marketplace. All you have to ensure is that your items are in good condition.

If you attempt to sell books that are falling apart or games that are scratched up, you will receive negative reviews. 

Pro tip: If there are any defects, be honest about them and mention them beforehand.  

If you are an influencer, you can also earn income through Amazon’s affiliate marketing. Affiliate marketing is a business model in which a company sells its products through a third party or affiliate, who charges a commission in return for promoting the product.

3.       Answer Questions on JustAnswer or Quora

Do you think you have the expertise in a particular subject? If yes, then platforms like Quora and JustAnswer could be a great way to earn extra money as they allow doctors, engineers, lawyers, and others with enhanced knowledge to earn a small income by merely answering questions from people who would otherwise have to pay a hefty sum for those answers. You need an internet connection and expertise in a particular field. It is a very lucrative option if you are looking to earn a bit of cash in a hurry.

4.       Take Dogs on Walks

So if you are a dog lover this option could be an excellent way to earn a few quick bucks. Although there are networks and platforms to connect dog owners with dog walkers, you can also show up at your neighbor’s doors to advertise your services. You can collect reviews from your clients to establish your credibility.

5.       Tutor Students

Parents are always willing to invest in their children’s future, especially in India. Though there are many online platforms where students can get online lessons, many parents still trust a human connection much more than an internet connection. If you know subjects like math, computers, science, etc. or any other subject, you can take coaching classes. If you have a startup idea, you can listen to a business coach to get professional advice.

6.       Conduct a Webinar

Conducting a webinar may sound intimidating, but it is one of the best ways to earn cash quickly. If you know your subject and target audience well, you can make loads of money in a very short period.

These distinct ideas can help you to earn quick cash without much hustle. You can try them and let us know which one worked for you the most.

Looking to gain in-depth knowledge about entrepreneurship? The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more about our programs, visit:  www.badabusiness.com.

Categories
Leadership Building

5 Powerful Leadership Lessons From The Life Of Draupadi Murmu That Will Inspire You!

5 Powerful Leadership Lessons From The Life Of Draupadi Murmu That Will Inspire You!
5 Powerful Leadership Lessons From The Life Of Draupadi Murmu That Will Inspire You!

Summary: Draupadi Murmu who has been elected as the 15th President of India is also the first tribal woman to become the country’s President.

The race for the Presidential seat that has many prominent personalities like Yashwant Sinha is finally over with Draupadi Murmu winning the presidential polls by an overwhelming margin.

Born on June 20, 1958 in Odisha’s Mayurbhanj district, Draupadi Murmu hails from a tribal community. She came into the national spotlight after being picked as the presidential nominee in the July 2018 polls. Spanning two decades, she has had a very illustrious career graph.

However, her journey was not completely a bed of roses. Life has tested her patience and grit at every step. Despite the challenges, she stood tall and kept on moving forward.

From living in a hut with her family to Rashtrapati Bhawan which has 340 rooms, she is a living inspiration for all of us.

Today, Murmu has become an ideal not only for India but for billions of people around the world. Here are 5 leadership lessons from her life that we all can learn when it comes to following our dreams:

1. Don`t Let Difficult Circumstances Stop You

Born on 20th June 1958, Murmu hails from Mayurbhanj in Odisha. Coming from a tribal family, her childhood was spent in extreme poverty in the country’s most remote and underdeveloped district. Many basic amenities that we relish so commonly were not even available in her village.

Despite the atrocities that life threw at her, she went ahead and finished her schooling between 1969 to 1973. She went to pursue her bachelor’s from Rama Devi Women’s College in Bhubaneshwar. Murmu became the first woman from her village to go to Bhubaneswar to complete graduation and received her Bachelor’s degree in Arts.

2. Don’t Let Obstacles Change Your Goals

Coming from a very humble background, Draupadi Murmu got married to Late Shyam Charan Murmu. The financial situation was more or less the same. In 1984, Murmu lost her firstborn daughter when she was just 3 years old. Between 2010 to 2014, she lost her two young sons and her husband. The loss was too much to bear and she also slipped into depression for some time. Despite this heart-wrenching loss, Murmu gathered herself and did not let her grief stop her from chasing her dreams and the rest is history.

3. Set New Benchmarks

Draupadi Murmu started her career as a teacher in Aurobindo Integral Education Center, Rairangpur, Odisha, and later joined politics. She took up this role so that she could teach her daughters as well.

Her political career started as the vice-chairman of the Rairangpur NAC. Draupadi Murmu was honored by the Odisha Legislative Assembly with its Best MLA of the Year 2007 award. She was the first Odia woman and tribal leader to be named governor of an Indian state. She served the full term of her office.

4. No Dream is Too Small

Elected at 64 years and 46 days, Murmu is the youngest President of India. While taking an oath as the 15th President of India, she said, “My election is proof that the poor in India can dream and make them come true.”

Draupadi Murmu also served as a junior assistant in the irrigation and power department in the Odisha government. She has handled various ministries such as commerce, transport, animal husbandry, and fisheries in the Odisha government.

Murmu also served as the President of BJP`s Scheduled Tribe Morcha in Odisha between 2006 to 2009. In 1997 she was elected as Councilor in the Rairangpur Nagar Panchayat, and later on, became Vice-Chairperson.

5. Never Lose Hope

Draupadi Murmu who was sworn in as the 15th President of India had to experience many challenges that life threw at her. Often in life, we encounter situations that have the

power to break us down. But the real courage lies in getting back again and overcoming those challenges to follow our dreams.

From living in a place where even the basic amenities were not available to residing in 340-room Rashtrapati Bhavan which is laced with amenities, Draupadi Murmu`s journey has been a roller coaster. She has faced many challenges and learned to overcome them with her sheer courage, persistence, and determination toward her goals.

Draupadi Murmu is a true example of a powerful leader who with her determination, true courage, and perseverance chose to stand tall instead of lying down and giving up. Her journey has been an inspiration to millions of us to never stop trying, no matter what!

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more, visit: www.badabusiness.com

Categories
Marketing

4 Mistakes To Avoid While Investing In Stock Market

4 Mistakes To Avoid While Investing In Stock Market
4 Mistakes To Avoid While Investing In Stock Market

Summary: While investing in stocks it is easy to get carried away by numbers and record highs. Don`t make these mistakes in the stock market especially when it’s too tempting.

Investing in a stock market is a serious affair and a long-term game. Despite this, many investors in India tend to succumb to their emotions every time the market hits a new high. There have been many firsts for the Stock Exchange. When it hit 1,000 for the first time, it was an all-time high! And then it reached 10,000, 20,000, 40,000, or 50,000…and with every new record, the story continued.

There will be a time when the Sensex will cross the 100,000 mark and then 500,000, but we don`t know when that will happen. No matter how many records the market is breaking, the basic rules of investing don`t change. If there is one important thing that you should remember while investing in the market, it is that market high is not a destination; it is a journey towards wealth creation.

To ensure that this journey is smooth and produces desired results, you can listen to a business motivational speaker who has a good experience in financial investment.

Here are some golden tips that you should consider before investing in the stock market while it rides the bull:

1. Avoid Fear Of Missing Out

Many people suffer from FOMO or fear of missing out when they could not participate in the stock market rally. Recently, the same happened in India and now there is a strong urge to invest before they lose more. But fear of missing out on some perceived gains should not be the guiding principle when it comes to investment. It is best to avoid FOMO because it will lead to many irrational money decisions that will result in losses.

2. The Market is Smarter

A market is a forward-looking machine. It means that the market always sees things we cannot. It has discounted the third or even the fourth wave of the pandemic. However, there is a huge difference between the market’s performance and a nation’s economy.

The Sensex has its own rules, which is why the market keeps proving everyone wrong. This is why investors should not overthink. Focus on diversifying your portfolio, asset allocation, and risk profile. Control the controllable before it goes out of control, i.e., your behaviour, your money, and hence your losses. To know everything about Share Market from the scratch, watch here:

3. Don`t Invest in Meme Stocks or Trending Stocks

You must have heard about various stocks and their sky-rocket prices without any strong fundamentals in place. It is a pure play of operators and the community. Similarly, many people invest in penny stocks and meme stocks in India based on the news for a quick gain. However, always know the fact that whenever a stock is trending, it is trending for the wrong reasons.

It is important to remember that you are investing in businesses and not in stocks. Find good businesses, and avoid investing in memes and penny stocks. Understand your risk profile, and financial goals, and do thorough research before you pick any stock, the way you do it before buying a car or a house.

4. Don`t Follow Anyone Blindly

Be it Rakesh Jhunjhunwala or Warren Buffett, never follow anyone blindly. These legendary investors are experts in the stock market and there is nothing wrong with their investing advice, but the issue lies in following any advice blindly. If you follow Warren Buffett, you must be aware of his famous quote on diversification. He says, “Diversification is for the ignorant.” It simply means that those who know how to pick the right stock at the right time should only invest in a few stocks instead of spending on multiple stocks across multiple sectors. But this does not always work for a retail investor.

When you invest only in a few stocks, you put yourself at a huge risk of having a concentrated portfolio. So always have a diversified portfolio, unless you have the money, time, and expertise to select stocks like Warren Buffett.

Never invest in one go, especially when the market is showcasing high fluctuation. So unless there is a good correction, always spread your investments into tranches. For example, if you have Rs. 5 lakh to invest, then divide that into five or six months and invest accordingly.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

To know more about our courses, visit: www.badabusiness.com

Categories
Leadership Building

5 Essential Skills Will Help You Become A Powerful Leader

5 Essential Skills Will Help You Become A Powerful Leader
5 Essential Skills Will Help You Become A Powerful Leader

Summary: A strong leader can help an organization to stay afloat in the best of times, and in the ones that try us the most.

As an entrepreneur, business leader, or owner, the importance of leadership skills can`t be underestimated. Now, we are living in a post-pandemic world and it will be foolish to assume that the blissful stability that once existed will return. This is why strong leadership is more important than ever!

However many people often wonder what it takes to be a great leader? What constitutes to make a great leader? What are those essential qualities that make for great leadership?

We have asked Dr. Vivek Bindra, the best motivational speaker in India, is it possible to become a great leader with practice? He replied, “Leadership is a skill, and like all skills, it takes practice to become truly great.”

Here are five qualities and mastering them will help you become a more effective leader:

1. Build Emotional Intelligence

Emotional intelligence plays a key role and has an impact on leaders, employees, and organizations as a whole. A leader who is open with his or her emotions in a workplace is much more likely to have a positive impact than a leader who is short-tempered and rigid. The work environment created by the leaders belonging to the latter category is more toxic. Infact, employees experience burnout and attrition is quite high.

To develop emotional intelligence, you need to start introspecting. Cultivating emotional intelligence starts with self-leadership and self-awareness. You can hire a business coach who has been a mentor to high performers. A great mentor can help you to get unstuck and aligned with your goals.

2. Lead With Empathy

Empathy is the ability to be able to understand and relate to the feelings of other people. And it is a very powerful tool for leaders. It can help to build deeper connections with their teams. If it is practiced all over the country it can increase overall success. When you open your heart more, you open up your ability to go against your ego. You open yourself up to new opportunities, new possibilities, and new relationships. A great leader communicates honestly and tries to understand their employees without any judgment.

3. Be a Good Listener

Listening and hearing have a hairline difference between them. While hearing is passive, listening is active. A great leader is someone who understands the difference between the two terms.

Active listening is essential for effective communication. It not only involves ears but many other aspects like body language, expressions, and gestures. What’s not said is just as important as what is said.

A great leader will take cues from all other aspects and help people in the organization who might lack the courage to speak up. We need leaders who listen and are intentional about their conversations. Join India’s most powerful business training event ‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra and master the leadership skills.

4. Transparent Communication

When it comes to communication there is no set formula. But, successful communication begins with transparency. But to keep lines open and clear across the business, we must be careful not just about putting our messages across, but also about the mediums, too.

While businesses around the globe are adapting to the change unleashed by the pandemic, great leaders are trying to find the right balance. Good leaders today have to make difficult decisions such as furloughs, and staff reductions.

5. Act Quickly & Confidently

Many leaders talk, but they do not execute what they say. And it is doing so that separates the real leaders from the rest. When your words match your actions, people learn to develop trust. It is more impactful when you take action on what you are hearing from your employees. Leaders who act quickly and confidently often must make difficult decisions, and for that it takes grit.

We are in uncertain times, where the dynamic of business is constantly changing. Leaders, who have clear objectives, are certain, and are committed to their passion and perseverance, are the ones who will continue to build trust in these uncertain times.

It is essential to have leadership qualities to lead a successful business. Learn how to become a powerful leader from the industry experts in our ‘Leadership Funnel Program 2.0’. To know more, click here: https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078

Categories
Marketing

7 Unique Ways To Boost Customer Retention Effectively

7 Effective Techniques To Get More Loyal Customers
7 Effective Techniques To Get More Loyal Customers

Summary: The ultimate goal of any business is to attract customers and retain them.

The foundation of growth and success for every business is staying relevant to their customers, and companies always try to focus on this. Attracting customers is critical for any business. However, their ultimate goal is to get those customers to return and become regular buyers.

Attracting a customer is one thing, but ensuring that they keep returning and stay loyal to your product or service can be challenging. This may seem like a challenge, but some unique methods can be used to retain your customers even more effectively.

Through effective marketing and other actions as well, you can turn a first-time buyer into a loyal fan of your brand. You can also work along with a business coach who can guide you with his expertise to come up with unique ideas to increase customer loyalty.

Here are seven unique methods that you can use to retain your customers:

1. Keep Communications Transparent

Honesty, openness, and vulnerability- are the factors that hold a lot of significance to customers. They want to do business transactions or deal with brands that set realistic expectations and exceed them almost every time. In case they don`t, they take steps to make it better when that happens. Customers truly want to deal with businesses that are transparent about their humanness.

2. Focus on Building Relationships with Customers

Customer relationships are the foundation of customer retention. To build relationships with customers means investing time in understanding their needs, requirements, concerns, their experience with a product or service. A business coach with relevant industry experience can help you to build stronger relationships with your customers.

How you treat a customer before and after he or she purchases your product or service demonstrates who you are. It helps to strengthen your relationship with the customer.

3. Ensure Excellent Customer Experience

If you want to retain your customers, focusing on providing a high-quality customer experience, which translates to providing a service that far exceeds their expectations, can work in your company’s favor. To ensure you are giving your customers nothing but the best, give them quality service or products that are above and beyond their expectations.

4. Interact With Your Customers via Social Media

Today, your target customer is present on social media. Social media platforms have emerged as a boon for marketers and advertisers as they provide easy access and wider exposure to reach out to their consumers firsthand. So, why not engage with them?

Engaging with your customers online via social media is a great way to keep them engaged with your brand as well as remind them that you’re “there” to be of service.

5. Make Your Customers Trust You

People want to associate with a brand that is honest and has its customers’ best interests at heart. Keep your communications clear across all the platforms of your marketing touch-points. This means following all legal and generally accepted safety protocols. Keep a tab on public sentiment to understand what is working and what needs to be updated.

6. Lead with Compassion

Empathizing with your customers once they have purchased your product or service is a great way to solidify your relationship with consumers. Reach out to your existing users to hear how they’ve been affected. If you understand their concerns, you are well-equipped to solve their immediate needs.

7. Make Your Customer Feel Special

People remember how you make them feel. So make your customers feel valued, appreciated, and important. People crave connection, so make your customers feel valued, appreciated, and important by tapping into the good feeling that your product or service creates for customers. Invest the time to make it personal and create a customer environment that allows them to have a sense of belonging.

We often receive hundreds of emails from brands sending us a link to click on. But how many of us open those emails? Instead of trying to stay on top of mind by sending the same email that other companies are sending, send an email telling a story about your company and what you are up to.

Don’t sell. Don’t market. Just create a bond with your customers and lead with compassion.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

Come be a part of India`s most powerful business training ‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra which will be held on 22, 23, and 24 July 2022. To know more about this event, visit https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078 .

Categories
Startup

Want To Pitch Your Startup Idea? Here Are The Top 4 Ways To Do It!

4 Effective Ways to Pitch an Idea to Investors Confidently!
4 Effective Ways to Pitch an Idea to Investors Confidently!

Summary: Pitching your idea to your potential investor seems incredibly nerve-wracking. But it is vital to any startup business.

Pitching a business idea successfully to an investor is an entrepreneur`s dream. However, it’s a nerve-wracking experience too! It is like the feeling of giving a presentation in front of the entire class. The only difference between the two is that the former is more challenging!

One often wonders if the potential investor is interested enough. Will they like the idea? And most of all is this potential investor going to fund the project?

The key to doing it successfully is being able to deliver it confidently. However, it can appear as a mammoth of a task if you feel shaky about your public speaking skills.

So how can you ensure that you get investors for your startup business? By not doing mistakes that most entrepreneurs commit unknowingly and by attending India`s most powerful business training—‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra. Also, they practiced the best ways to approach their investors.

Here are top tips for pitching your great ideas or products to investors:

1. Focus On Your Purpose

Connect with what you are doing and focus on the solution that your business idea will provide to your customers. Find a way to calm yourself down beforehand. Practice moving the focus from yourself and your body back to the room, the people there, and your message. Always remember it’s your idea that matters.

2. Perfect your Elevator Pitch

Your elevator pitch is a teaser of your startup business idea. These 30 seconds of elevator pitch should explain everything that someone would need to know when they meet you for the first time.

Your elevator speech should be crisp, direct, and clear. It should simply describe your product or idea and tell your investors everything if they have no background knowledge about your startup.

It should cover the 3W`s- ‘What you do,’ ‘What problem you solve,’ and ‘Why are you different?’

After your pitch, make sure to connect with the person listening. Ask them questions and resolve their queries. Learn how to impress investors with your elevator pitch by attending LFP 2.0 by Dr. Vivek Bindra.

3. Find & Research your Potential Investors

If you come prepared, the battle is half won! So before doing your pitch, do some research on who you will be presenting. You can also work along with a business coach who can help you find some investors.

You can also search for the list of Angel Investors networks that focus on your region. Some of the investors may be popular figures. So you can research them well online. Study their patterns, as some investors like to be involved in the company they are investing in. Others would rather be hands-off and would rather like to receive quarterly reports on profitability.

4. Present Facts & Figures

When you are pitching your idea to a potential investor, provide solid data reports. Investors are always interested in what you have already accomplished. Also, how much profit they will make post-investment in your company.

The value of a startup is often built even before they have made profits. The numbers behind it are often driven by speculation about how well the company could perform shortly.

However, you must also be well-prepared to back up the numbers you provide to your investors. Investors would want to hear the reasoning behind your numbers.

Do not just give a random figure of new customers your company is acquiring every month. State the exact number of how many customers you will acquire. It does not matter if you are attracting 20 or 20,000 customers. Your transparency and honesty are what matter the most!

Always remember that an investor is not just investing money into your company, they are giving it to you. And they are investing because they believe in you.  Hence, give them confidence by providing real data.

Are you trying to find investors for your startup, but could not despite having an innovative idea that could make huge profits in the long run? Worry not! With our ‘Leadership Funnel Program 2.0 by Dr. Vivek Bindra’ you can learn how to raise funds for your business even without an investor. For more information, click here: https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078 .