Category: Business motivation

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Business motivation Motivational

World Entrepreneurs’ Day 2020: Celebrating Entrepreneurship, Innovation and Leadership by Spreading Awareness

World Entrepreneurs Day 2020
World Entrepreneurs Day 2020. (Photo Credit: http://www.worldentrepreneursday.org/)

An entrepreneur is someone who plays a vital role in developing the nation’s economy by solving the issues of unemployment and generating awareness regarding entrepreneurship. On Friday, the global fraternity will celebrate this day to honour these entrepreneurs, who work hard each day to innovate something new and lead from the front to boost the country’s financial situation.

We all know that India is affected by the coronavirus and its economic situation has taken a roller-coaster ride in the past few months. However, Indian entrepreneurs are trying their best to cope-up with financial instability. Not only these entrepreneurs are pacing up India’s economy with their latest innovations, but are also spreading awareness through their leadership skills. World Entrepreneurs’ Day 2020 allows honouring these hardworking entrepreneurs for all their efforts to keep India’s business sector move forward.

The special day is dedicated to founders, managers, producers, contractors, industrialists, innovators, administrators, designers and producers. As per Global Entrepreneurship Development Institute (GEDI) data, India currently stands at 68th position — out of 137 countries — in entrepreneurship development.

Considering the significance of entrepreneurship, entrepreneurs need 3 Cs for success — capital, courage and conviction — to grow their business in the global market. It is said that without an enterprise and entrepreneurs innovation, productivity growth and new jobs are unthinkable. Through the World Entrepreneurs’ Day 2020, events like conferences, workshop and meetings, can spread awareness regarding leadership, innovation, creativity, design, entrepreneurship and other related topics.

Here are some tips to celebrate and honour entrepreneurs on World Entrepreneurs’ Day 2020:

1) Enterprises can organise conferences, workshops and meetings at various platforms. Through this, they can generate awareness regarding entrepreneurship and leadership.

2) Business Schools can organise conferences by collaborating with large enterprises. During the conferences, successful entrepreneurs can share their experiences with the upcoming entrepreneurs and motivate them.

3) Business firms can provide discounts and promotions during the World Entrepreneur’s Day.

4) Radio and television networks can prepare programs to highlight the importance of entrepreneurship. Also, talk shows can be scheduled to educate the population about entrepreneurship.

5) Universities, government organisations and private firms can organise a group seminar or workshop regarding government policies and hurdles associated with it. Also, discussing financial solutions to set up a firm and ways to sustain in the market would certainly motivate young entrepreneurs.

Apart from this, there are several ways to celebrate World Entrepreneurs’ Day 2020. However, the motto behind the celebrations should be spreading awareness and clearing doubts. Experts believe nourishing a healthy startup environment across the country is the most vital part for developing entrepreneurs. On this special day, lets help in igniting new minds and shape them in the right direction.

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Business motivation

Business startup ideas after COVID-19

COVID-19 has taken its toll on the global economy in the most unthinkable and unimaginable ways and the global economy is experiencing an all-time low. This pandemic has inflicted damage and affected the overall health of the MSMEs and entrepreneurship that generate a heavy revenue contributing to the economy. It is crucial to think of how to stay relevant these days and to help you with that, we’ve shared a few start-up business ideas that won’t let you down.

There are some businesses that are either unaffected by COVID-19 or have flourished even more, standing the test of time. In this article, our objective is to introduce you to 4 such industries that have proved themself to be “corona-proof” and can end up being the best businesses to initiate your start-up.

 

1.    Over The Top Platforms/Online Gaming
Nobody can deny the fact that all we have been doing these lockdowns is watching movies and TV series on OTT platforms like Netflix and Amazon Prime Video. This fact itself proved that viewers, who have been quite anxious about the ban on movie theatres and gaming parlours, have resorted to the over the top platforms and online games. The people, especially the older generation, who initially were not very comfortable with the change, are now welcoming this change with an open heart. This shift in the interests of the viewers has proved that this industry will continue to bloom even after the pandemic is over!

 

2.    EdTech
From the worried parents to many of us sitting ideal during these lockdowns, the EdTech industry has emerged to be the biggest support. Where on one hand, students were able to learn from home, millions of us across the globe have leveraged Edtech and enrolled ourselves in many courses. EdTech has not only helped students repair and recover their disrupted schedules, it has given many professionals a chance to develop new skills and hone the already acquired. Now that EdTech has proved its mettle, we cannot help but accept that, come what may, this industry is here to stay!

 

 3. The Health Industry
The health sector has been the one that has evolved dramatically of late. It has been the time where the health and wellness businesses have boomed because of how aware the world has become of their health and well-being. We all must have received this advice, directly or indirectly, to boost our immunity as it will help us keep fit and less prone to the infections out there. Making them most important in our lives in these unprecedented times, they are certainly going to experience a boom.

 

4. E-commerce platforms
We all know how brick and mortar stores have been hit the hardest as people have restricted their outdoor visits in a bid to maintain social distancing. The industry that has leveraged the most out of these restrictions is the e-commerce industry! There has been a major shift in the behavior of the consumer as they were forced to go online to make the necessary purchases. Now that the consumer has started to feel comfortable buying online, they are preferring to buy almost everything online. It goes without saying that this industry is cherishing this rise in the business and riding high on the pandemic boom.

 

 

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Business motivation

Start Business from Home With These Essential Steps

बिजनेस
बिजनेस

When time is harder, you get toughest. Amid this pandemic, when you think everything is difficult to catch up with, you need to find a solution. The pandemic has forced lots of small businesses to shut down and as per The Centre For Monitoring Indian Economy (CMIE), at least 5 million salaried people lost jobs in India in July 2020. The situation is grim, but at the same time, presents an opportunity for people to look at becoming entrepreneurs from home.

We bring you some ideas or ways for starting a business, being at home when everything is closed. Big businesses were not born overnight. Someone had an idea, concept, and worked on it. Here are some steps you need to keep in mind when planning to Start Business at Home –

  1. Assess Your Business Idea
    Start brainstorming your ideas or anything you believe you can be work on being at home only. One requires to have an idea before beginning anything. With various business options possible, you need to focus on one, which matches your skill.
  2. Consider Your Skills With Training
    Nobody is born without skill or talent. So pick something that you think you have an expertise in and start with what you have proper knowledge of. You can try some specialized courses also if need be. Additional skills will always help you improve your business.
  3. Write Down Your Project Report
    Your project report will define how well you have done your homework. The more uniqueness you offer, the faster you will be on the path of success. Study the markets well, be it domestic or international market, as per your business idea. Write down your report based on research, which may include a revenue model with cost and sales price, taxes, delivery charges, etc.
  4. Source of Funding
    The funds play a major role in any business, but small businesses or start-ups are either self-financed or acquired from friends and family. Therefore, you need to be careful with your finances as you need to keep your business running until you start earning profit. With this, you should have one backup for the funding source if something goes wrong.
  5. Fix Your Work Location
    As a small business, you need to own a small workplace, small shop, or an office. This is an essential aspect of your business because you require to register your business as you will receive a permit from the registration office for running your business, and this permission will help you get power and water permits.
  6. Registering Your Business
    Thanks to new direct instructions given by Prime Minister Narendra Modi, the Ministry of Corporate Affairs, you only need one working day for registering your business. Now the option of registering is available online and every necessary information is on the website.
  7. Launch a website
    In today’s time, owning a website plays a major part in any business for providing information on the products and business. It is a significant step for building a business and building trust among your target audience. There’re many websites that guide you and help you build your website.

These are seven simple yet essential steps to keep in mind for starting a small business while being home during these tough times.

 

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Business motivation

Maruti Suzuki Ties Up With IIM Bangalore to Help Startups Lead Innovations in Mobility Sector

Maruti Suzuki
Maruti Suzuki logo (Photo Credits: Wikipedia)

Bangalore, August 20: In order to help start-ups working in technology-based innovations that can be applied in the mobility sector, Maruti Suzuki on Thursday announced a partnership with the Indian Institute of Management Bangalore (IIM-B).

Commenting on the tie-up, Kenichi Ayukawa, Managing Director and CEO of Maruti Suzuki, said, “The mobility startup incubation programme addresses the needs of early-stage startups which have the potential of becoming large-scale businesses.”

According to an ANI report, this collaboration marks the first-of-its-kind initiative by an automobile manufacturing company to help early-stage startups become large scale businesses. In addition to this, the country’s biggest carmaker Maruti is hopeful that the collaboration with IIMB will help in the creation of jobs.

Under the partnership, early-stage startups will get incubation support and a chance for potential partnership with Maruti Suzuki to fast-track the growth of their venture. The programme will select professionals who have technology in digital, data and AI/ML in the fields of autonomous mobility, shared mobility, mobility solution for rural, connected cars, vehicle diagnostic, vehicle safety, advanced driver-assist system, supply chain management, blockchain, data security, warehousing, finance, advertisement and loyalty programme.

A mobility and automobile innovation lab was launched by Maruti in January last year to co-create innovative business solutions in the mobility space.

 

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Business motivation Strategy

Modi Govt Considering Giving ‘MSME Status’ to Dealers to Enable Them to Avail Benefits Offered to MSMEs, Says Nitin Gadkari

Nitin Gadkari | File Image (Photo Credits: Facebook)

The Modi government is considering of giving ‘MSME status’ to dealers which will enable them to avail benefits offered to micro, small and medium enterprises (MSMEs). The announcement was made by Nitin Gadkari, Union Minister for MSME and road transport and highways, while he was addressing a virtual exhibition on ‘Construction Equipment, Technology Components and Aggregates’ on August 18. “Regarding MSME, we are thinking now of giving MSME status to dealers also and they will get benefit of it, that is also under consideration by which they will get the benefits,” Gadkari said.

He said the government is also working on integrating and developing all kinds of transport like waterways, sea transportation, rail, road and air transport which will definitely reduce the logistic cost and help industries in a big way. Adding further, Gadkari emphasised that the government is ready to provide all possible support and industries should come up with innovative plans so that India can be a manufacturing hub in the automobile sector.

The Minister said the micro, small and medium enterprises (MSMEs) comprising manufacturing and services units need to get registered to avail the benefits and subsidies offered under various government schemes. The MSMEs that have been registered are eligible for tariff subsidies as well as tax and capital subsidies. The registration also helps them in getting government tenders and enables easier access to loans at low interest rates.

Gadkari said in order to achieve the objective of self-reliance, the country needs to reduce imports and boost manufacturing of various components in sectors like automobiles and construction equipment. The minister called for research, innovation and technology upgradation and emphasised on the need for joint ventures and foreign collaborations to get easy finance and compatible technology, an official statement said.

The minister also reiterated his appeal to major industries to clear the outstanding dues to MSMEs in a timely manner. He said the Ministry has also requested the Finance Ministry, the industries who want to make their technology centers, training centers, research centers, from income tax point of view, whether we are in a position to give some more support to them by which we can inspire and motivate them for more research and innovation,” Gadkari said.

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Business motivation Leadership Building Motivational Powerful Personalities

7 Motivating Quotes By The Most Powerful Women That Will Boost Confidence of Female Entrepreneurs

Female Entrepreneur (Photo Credits: Pexels)

Modern times have witnessed more and more women entrepreneurs taking up different types of businesses and succeeding like never before. Female entrepreneurs are rising beyond all levels and proving themselves worthy of everything with each passing day. There are times when people are let down, but the wisdom lies in not giving up, and not paying heed to what the world says! One should believe in oneself and the rest of the things will fall in place! However, at time we just need the positivity and the motivation to get us going.

The quotes from these great inspirational ladies below are truly words of wisdom. Inspirational quotes from successful people can help you reframe negative thoughts during tough times and change your attitude for better things in life

The wise and beautiful words from the most positive thinkers will get you in the right mindset to tackle the hurdles that you face. Inspirational quotes and motivational quotes that will inspire you to achieve your dreams. Read these quotes by these empowering women, launch your business, and becoming a girl boss.

Here are 7 motivating quotes from the most powerful women in history

  1.  “I don’t believe in failure. It’s not a failure if you enjoyed the process.” -Oprah Winfrey
  2. “If you push through that feeling of being scared, that feeling of taking risk, really amazing things can happen.”- Marissa Mayer
  3. “I invented my life by taking for granted that everything I did not like would have an opposite, which I would like.” -Coco Chanel
  4. “We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes—understanding that failure is not the opposite of success, it’s part of success.” -Arianna Huffington
  5.  “If people are doubting how far you can go, go so far that you can’t hear them anymore.”- Michele Ruiz
  6.  “You never lose in business, either you win or you learn.” – Melinda Emerson
  7.  “If you are starting your own business, the best shortcut is to find a good mentor.”- Kim Kiyosaki

Throughout history, it has never been easy for women to prove their mettle. However, women have fought against all odds in the stereotype male-dominated society and made important contributions as businesswomen, entrepreneurs, actors, leaders among several other fields. Some of the most talented and successful women have believed in history and the world has seen what they are capable of. So never give up on dreams and keep hustling.

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Business motivation Process & Business Expansion

5 Business Tips Every Entrepreneur Should Know

Business Tips | Representational Image Only (Photo Credits: Pexels)

The COVID-19 pandemic has changed the entire dynamics of running businesses. Running a business is hard, but if one puts in consistent efforts, no one can diminish the spark of an entrepreneur. One has to be really focused and have a positive mindset to succeed and to gain a competitive advantage over rivals. It becomes the need of the hour to make yourself and your business strong and worthy enough to deal with the perils of new entrants in the market.

Insulating yourself from such threats will not only help you grow your business, but also focus on trying to survive in the market at times of crisis. Being an entrepreneur in any sector should fill a hole in a certain market or niche.

Here are 5 Business Tips that Every Entrepreneur Should Know

Customers First: Listen to Them

The most important feature that a successful entrepreneur should possess is the quality of listening. The more you listen, the better you understand the problems of your customers. The quality of listening not only helps you focus on finding a solution, but also makes your customers happy as you give them a patient listening.

Trust Your Gut

Believe it or not, you need to trust your gut as it helps you make the right decision. This phrase is often used but rarely understood. Folks out there in the market are looking to solve a problem or find a particular type of product. If you trust your gut and give an idea a shot, who know? Your idea may be a hit!

Track Your Finances Inside And Out

A successful entrepreneur is the one who knows the key to access and manage the finances in a proper manner. If one knows the finances inside-out, keeps a record of the spending and earnings and plans accordingly, nothing like it! An entrepreneur should be well versed with the the firm’s revenues, expenses, capital requirements, profits (gross and net), debt, cash flow among other things. Spending are always easy, earning them takes a great deal of effort.

Be A Solution, Not A Problem

People out there have a lot of problems already. You be the solution! Provide solutions by listening to your customer’s grievances.  It’s a lot easier to gain a solid customer base when your business is fixing a problem. Just sit, be quiet, and listen to yourself.

Never Stop Looking for New Ideas

Be open to new idea. A successful entrepreneur is the one who should be open to fresh ideas even if after reaching a certain level of success. When one is open to fresh deals, the business has the potential to reach a next level altogether. The most successful businesses are always on the lookout for new ideas and useful business tricks that they can use.

 

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Business motivation

Sales Motivation Tips to Improve Employee Productivity

5 Tips to Boost Your Sales
 

To motivate your sales team, managers need a thorough toolbox of strategies to push their top players, develop mid-level individuals and keep the group concentrated on accomplishing aggressive growth targets. 

 

Sales personnel that have vitality and certainty are successful, and leaders know how to keep the morale high whether a business is at its peak or in a droop. Since motivation is an immaterial quality, sales pioneers need a few unique strategies and use innovative sales motivation tips that are customized for their sales force.

1. Open the doors for small steps forward every day

The intensity of small successes is a touch of good karma for sales motivation and versatility during times when deals aren’t streaming in. Research by Harvard Business School shows that small successes help building a positive mind-set and inspires an employee to perform better. Managers should empower and recognize individuals from their sales team who are taking small steps towards the objective. For instance, getting even one constructive email reaction from a lead that the salesperson has been following up for months can light up his mindset drastically. This sales motivation tip can help your sales team to boost them with energy and encourage them to achieve more. Every sales manager and the team should go through the ’Small achievements’ graph as a daily sales motivation tip to boost their workflow and achieve the targets.

2. Recognize and reward the sales team publicly
 

Do you recognize the whole team for their contribution and praise their achievements such that the entire organization can remember them? For decades, analysts and researchers have discovered that public display of thankfulness and appreciation can be more motivating than compensation or salary. So make this a practice in your organization.

How often do you utilize these daily sales motivation tips and strategies:-

 

  • Praise your people at group gatherings or team meetings
  • Grant the “most significant or valuable player” status each quarter
  • Yearly acknowledgment with financial rewards and trips
  • Little honors and prizes that are lined up are appreciated across the board
  • Sending an email expressing gratitude towards them for closing a deal whether big or small can do wonders for salespeople. 

For example; Dr. Vivek Bindra
works hand in hand with his employees to make sure they get recognized and rewarded publicly in the organization with yearly outdoor trips, incentives, bonuses, and other perks. This activity is done by the management to motivate the team to work positively and is an integral part of his entity Bada Business. He makes sure that his employees feel happy while working in the office. As a renowned corporate trainer to various companies, Dr. Vivek Bindra has been instrumental in bringing about the culture of rewards and recognition in many organizations which has helped them become employee-friendly. 

3. Value your representatives and team (and ensure they know it)
 

A key driver for inspiration and motivation is having a great self-esteem at work. Research by the American Psychological Association reports that 93% of representatives who felt respected at work likewise felt motivated. The study discovered top five factors that help in making an employee feel an esteemed part of the company: 

 

  • Chances to be engaged with dynamic and decision-making
  • Potential for development and progression
  • Opportunity to use adaptable work courses of action
  • Sufficient fiscal remuneration
  • Non-monetary prizes

 

4. Connect the present activity with tomorrow’s professional objectives

Have a conversation with each of your teammates about their future objectives and assist them with setting up a way to arrive at them. Regardless of whether it is to ascend in the organization, progress to another industry in five years or bag a position as a Sales CXO in the top 100 companies in India. This sales motivation tip will help them discover the approach to not only fulfill their short-term goals but also try and meet their long-term objectives.

 

5. Equip your workers with extraordinary marketing content and collaterals
 

Does your sales team have access to blog posts, contextual or case studies, recordings, websites, videos, and whitepapers? 57% of sales representative studies referred to high-quality content as a significant instrument to drive deals. 

Providing appropriate learning content shows that your organization recognizes its necessities and is focused on devoting assets to help the sales team. Additionally, salespeople are often eager to receive new and high-quality content since it brings a variety into their discussions with clients and makes their work progressively proficient. Dr. Vivek Bindra, who is Asia’s best motivational speaker and a business coach, provides extraordinary content to their sales team to approach the customers confidently and achieve the numbers. This sales motivation tip can boost your team with positive energy and motivate them to work smartly. 

This sales motivation tip also ensures that the content with your sales team is up-to-date and convincing. You can likewise invest in instruments and tools to simplify the collaterals; as normally organizations might store information or content that is not easily accessible making it hard for representatives to look for them

The best project or sales manager finds out every possible way of sales motivation tips or strategies that are best for every individual in their team. It takes a unique mix for every individual depending upon their level of experience, career objectives, personality, and client associations’ to find the correct formula that can turn them into connoisseurs of the sales function. When a leader starts to see successful results, it’s that time he needs to keep the momentum going so that the performance remains high throughout the year. As a business owner, if you want your team to meet their targets as well as see the personal progression, then you must consider these above sales motivation tips.