Category: Motivational

Categories
Motivational

Top 3 Important Tips for Entrepreneurs in India for Successful Business

Top 3 Important Tips for Entrepreneurs in India for Successful Business

Running a business is a rough journey, and is certainly not for the faint-hearted. You have to decide what you want to build out of your dream and then wholeheartedly commit to it. More often than not it is a sure shot way to success, however, to succeed in this journey, entrepreneurs require more than just that.

According to a report by the Institute for Business Value & Oxford Economics 90% of the startups in India fail within the first five years due to various reasons with the absence of innovation being the main reason.

So how to ensure that your business runs till eternity, successfully?

Entrepreneurs are often misunderstood as a group of pioneers who dare to dream and take risks with no fear of failure. Though this could be apt for some founders, the majority of young aspirants have their moments of doubt, and often feel lost without successful business tips.

If you too are a budding entrepreneur and want to ensure the success of your business, here is a list of best business tips to make your journey a little bit easier:

  1. Be Proactive

‘Don’t talk the talk, but walk the talk’. Being an entrepreneur means to be always on-the-go. The primary responsibility of the leader is to define reality. Always build strategies after analyzing your target market. It is very important to understand how your product or service can benefit them. One of the best business tips is to convert your idea into a successful opportunity based on SWOT analysis.

  1. Know your Customers Well

What potential problem does your product or service solve or how it would help the consumers to overcome obstacles is something you must be sure about. Do not assume what your customer would want. Always seek honest feedback through surveys regularly.

  1. Embrace your Expertise

Don`t be a jack-of-all-trades, and master of none. If there is something in which you are unbeatable, embrace that skillset. Do not try to wear multiple hats at the same time. You can outsource some of the roles to the agencies for the things you need professional help with.

Being an entrepreneur means that you will often blaze your trail. You will learn as you make progress every single day. Though the successful business tips that we have mentioned above will help you, there are other challenges that you might face in this journey.

Wouldn’t it be excellent to learn the business nuances from the experts who hail from the same industry? Join our ‘Everything about Entrepreneurship’ course and gain deep knowledge about how to take your business ahead and attract customers. To know more about our EAE course, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

 

Categories
Motivational

8 Interesting Facts you must know about Gita Gopinath, International Monetary Fund`s first woman chief economist

Gita Gopinath

As Finance Minister Nirmala Sitharaman revealed the first post-COVID Union Budget 2021, all eyes are set on it. One of the expectations that are common across industries is certain relief measures that help them to cope-up with the pandemic-induced losses.

As the country`s economy was already on a downward trajectory even before the pandemic, everyone is hoping Union Budget 2021 to bring in some relief. And Gita Gopinath, the first woman chief economist at the IMF (International Monetary Fund), has a lot to say about India`s economic growth.

Without being hesitant even a bit, she has spoken boldly on the controversial farm laws, the revival of the economy and how the government must continue to support the economy, and more.

The 49-year old first woman chief economist also added that the government should try to focus on more reforms that are needed to accelerate the economic revival. If you find this powerful personality intriguing, here are 7 interesting facts about the trailblazing leader:

  1. The India-born Gita Gopinath was appointed as the first woman International Monetary Fund`s chief economist in 2018.
  2. Gita Gopinath completed her Bachelor`s in Economics from Lady Shri Ram College in Delhi. Later, she finished her Masters in Economics from Delhi School of Economics (1992-94), and University of Washington (1994-96). She did her Ph.D. in Economics from Princeton University (1996-2001).
  3. Gita, 49, also serves as the Director of Research Department and Economic Counselor at IMF. She is also a John Zwaanstra Professor of International Studies and Economics at Harvard University. However, she is currently on a leave of public service.
  4. In 2019, she was awarded Pravasi Bharatiya Samman, the highest honor for a person of Indian origin, by the Indian President- Ram Nath Kovind.
  5. She is also the co-editor of the current Handbook of International Economics with former IMF economic counselor Kenneth Rogoff.
  6. After former RBI governor Raghuram Rajan, Gita Gopinath is the second Indian who shall be holding the title of IMF`s chief economist.
  7. She has also written around 40 research articles on topics such as international financial crises, trade & investment, exchange rates, international financial crises, and monetary policy.
  8. After the Nobel laureate Amartya Sen, Gita is the third woman and the second Indian to become a permanent member of the Harvard economics department.

At the time of the pandemic, Gita said that around 90 countries had reached out to IMF to discuss financial assistance. She has referred to the pandemic-induced recession as the ‘The Great Lockdown’, while speaking to Trevor Noah in April 2020.

Want to start a business? Learn how you can be your own boss and make money with our top industry experts. Gain every ounce of knowledge that will help you to climb the ladder of success in the business world with our Everything about Entrepreneurship course. Click to know more: https://www.badabusiness.com/?ref_code=ArticlesLeads

Categories
Motivational

Success Story: Meet Vikash Jaiswal, the mind behind India`s #1 gaming app that smashed all the records!

success story

It is not easy to be an entrepreneur. Sometimes you have an idea in your mind, but the stability of the future may deter you from pursuing that idea. Sometimes you lack the motivation and other times you are not sure whether the time is right.

But if you set your eyes on a goal and are determined to do what it takes to reach that goal, nothing is impossible. However, there is a brave lot too! People who believed in their dreams and ideas and overcome the fear of failure.

Today, we are celebrating the success story of Vikash Jaiswal who became an overnight sensation, thanks to his free online board game Ludo King. An avid online gamer, Vikash lived and breathed online video games in his teen years.

Online games are popular! But what makes them more popular is their free availability and easy accessibility. And, as the COVID-19 lockdown was imposed all across the world, a large number of people turned towards online games to kill boredom. This bunch consisted, not just avid gamers, but also regular people who were willing to play for longer durations.

Developed by Vikash, founder, and chief executive of Mumbai-based Gametion Technologies Pvt. Ltd that owns Ludo King, the game has become a lockdown favorite online board game. Vikash Jaiswal has been an avid online gamer since his childhood. Born and brought up in Patna, Vishal decided to pursue computer engineering in college.

During his hostel days, Vikash used to collect free software that came with computer magazines. He first developed the video game ‘Eggy Boy’, which was celebrated as “Game of the Month” by several magazines.

In 2010, he established Gametion with a seed amount of Rs 2 Lakh from his savings and launched Ludo King in the year 2016. The Ludo King has surpassed all the hot favorites like Candy Crush, Clash of Clans, PUBG, Temple Run, and Subway Starters in terms of monthly active users in the country.

Now in his mid-40s, Vikash is the creator of an online game that has more than 50 million daily active users around the world. The Ludo King`s monthly active users have reached 185 million.

The motivational story of Vikash Jaiswal shows if you love what you do, the success will be yours! From conception to implementation, if you want to know about the steps that can take you closer to success, visit our website www.badabusiness.com.
You can find free premium content on business training programs and entrepreneurial skills that will resolve all your queries. You can also become a member by clicking https://www.badabusiness.com/life-time-membership?ref_code=ArticlesLeads Visit us now!

Categories
Motivational

7 Inspirational Elon Musk Quotes to take on the Impossible

elon musk
elon musk

Recently, Tesla billionaire Elon Musk, who briefly surpassing Jeff Bezos officially became the richest man in the world on Friday, is again the second-richest person in the world. After a brief stint, his fortune fell by nearly $14 billion in one day. According to Forbes, he is now about $6 billion behind Bezos, who has a net worth of $182.1 billion.

Known for his impressive accomplishments, Elon Musk has been an inspiration for many young entrepreneurs, millennials, and businessmen across the globe.

While Musk has built foud billion-dollar companies, money was not the driving force behind it. He invested a huge whopping amount and sometimes nearly all of his fortune to solve some of the world`s biggest problems.

Just like Elon Musk, we too believe that ordinary people write extraordinary stories by believing in themselves. To inspire our readers, we are presenting some of the most key learning lessons from Musk`s life. Take on the impossible with these seven Elon musk quotes:

  1. When something is important enough, you do it even if the odds are not in your favor.
  2. If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.
  3. Persistence is very important. You should not give up unless you are forced to give up
  4. The first step is to establish that something is possible; then probability will occur.
  5. It’s OK to have your eggs in one basket as long as you control what happens to that basket
  6. My biggest mistake is probably weighing too much on someone’s talent and not someone’s personality. I think it matters whether someone has a good heart.”
  7. If something has to be designed and invented, and you have to figure out how to ensure that the value of the thing you create is greater than the cost of the inputs, then that is probably my core skill.

Get the inspiration you need to start, grow, and lead your business today with www.badabusiness.com. Turn your ideas into reality with smart business models and strategies with our Everything About Entrepreneurship & Problem Solving Courses that will take you from a newbie to a pro!

To know more, visit: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

Categories
Motivational

Ratan Tata Impresses Netizens Again by Visiting Ailing Former Employee in Pune!

ratan tata meet ex employee
Yogesh Desai shared this picture

Social media platforms are generally in the news for all the wrong reasons. However, it has a brighter side too!
The internet went crazy and was hijacked by none other than Ratan Tata- the most celebrated name in the business world. However, the reason was heart-melting, something that is rare in today`s time!
One such incident is when Yogesh Desai shared a picture of Ratan Tata interacting with one of his former employees, who was not keeping well for the past two years. The picture is doing the rounds on the internet and people are all praise for the living legend.

While sharing his experience, he posted the story on LinkedIn, “Sir Ratan Tata (83) living legend, greatest businessman alive in India, visited the Friends Society in Pune to meet his ex-employee all-the-way from Mumbai who is ailing for last 2 years. This is how legends are made of. No media, no bouncers only commitment towards loyal employees. There is a lot to learn for all entrepreneurs and businessmen that money is not everything. All that matters is being a great human being. Hats off, Sir!! I bow my head in respect”.

Indian industrialist Ratan Tata is often known for his generosity. Known for his compassion and empathetic approach, he has once again garnered everyone’s attention. Since the picture was being shared online, it has been flooded with comments from people appreciating the kind gesture by Ratan Tata. The post has received more than 1.9 lakh reactions and over 4,600 comments.

Categories
Motivational

8 Powerful quotes by Sir Ratan Tata to Inspire you!

ratan tata

Certainly, the world is full of great ideas, but success only comes through action.

Ratan Naval Tata, the recipient of two of the highest civilian awards- Padma Vibhushan (2008), and Padma Bhushan (2000) is an inspiration to many. Recently, this living legend took over the internet by storm by his one more noble act that has won millions of hearts.

Ratan Tata, the most famous industrialist when travelled all-the-way from Mumbai to meet his ailing ex-employee residing in Pune, the social media erupted in applaud. The ex-employee who was not keeping well for the last two years can be seen interacting in the picture that has gone viral on the internet.

Born in 1937, Ratan Tata is the great-grandson of Jamsetji Tata (JRD) – the founder of the TATA group and is one of the most influential business leaders. His strong business ethics, values, and philanthropy have made him a visionary living legend.

Here are some of the most powerful quotes by this legendary entrepreneur to inspire every single cell in your body throughout the day:

1. Ups and downs in life are very important to keep us going because a straight line even in an E.C.G means we are not alive.

2. Ratan Tata says that you must evaluate your strength and then pick on the opportunities and challenges. You are the best judge of yourself, no one knows you better than yourself. So ask yourself what are you good at and make a decision, go all your heart out for that work.

3. Ratan Tata’s first job was to shove coal and limestone into the blast furnace. Hence, his advice for the young generation is, “No work is big or small, one should enjoy whatever work they are doing and do it with sincerity”.

4. Aim big- that is the only way you can chase your dreams. Ratan Tata emphasizes the importance of aiming big to be successful in life.

5. If you want to walk fast, walk alone. But if you want to walk far, walk together.

6. Never run away from your problems because success is always disguised in challenges. Challenges are a prerequisite of success.

7. Trust is an invaluable asset. It is very essential to build trust with the people we work with. Businesses need to gain customers’ trust; as only then they will get closer to you.

8. Make every day count and plan your day early in the morning. Successful people always plan their time early in the mornings and then make sure the plan gets executed.

Anyone who wants to make big in life or simply wants to pump their mind with some extra dose of motivation, these powerful quotes by Ratan Tata will surely inspire you.

Inspired by a start-up idea? Discover how you can establish a successful business and take it from conception to execution. Visit https://www.badabusiness.com/?ref_code=ArticlesLeads

Categories
Motivational

From Basti to San Francisco: The Success Story of Indian Start-up CEO who built a $2 Billion Unicorn!

anubhav asthana

As 2020 is about to end, this year was indeed special for Indian technology businesses and start-ups. Though the Covid-19 pandemic turned businesses on their head, it also posed new opportunities for many Indian start-ups like ‘Postman’.

This Bengaluru and San Francisco-based SaaS start-up became the fastest SaaS start-up to enter the elite unicorn club in 2020.

Founded in 2014, Postman provides a feasible platform for software developers to accelerate the development process through collaboration with various stakeholders. Claimed to be used by over 11 million developers, worldwide, it helps the coders to run their APIs and modify them without having to create separate code for testing them.

Abhinav Asthana, Founder & CEO of Postman hails from the small town of Basti, which is located in eastern Uttar Pradesh. Abhinav`s father was in the civil services and because of his transferable job, the CEO of the Indian start-up Postman, grew up in small towns all over UP.

During his schooling years from 1 to 5, his family lived in Basti before moving to Lakhimpur, which is located close to the Nepal border, where Abhinav finished his high school.

According to Abhinav, he got his first computer when he was in Class 5. “We got our first computer when I was in Class 5. It was the first Pentium I PC. And basically, my dad told me if I am going to game on it all the time, he is not going to allow that. So, I had to do something else and that became programming,” he added.

“At that time, the internet was just kind of taking off in India. Lots of excitement and there was a dial-up internet thing in the early 2000s if you remember. So, I got connected to people across a bunch of forums and we started building websites”, he fondly reminisces.

So how did he get the idea of launching an API (application program interface)platform? The Postman CEO wanted to solve the problem of API debugging for himself. However, he could not find anything good, and that`s how he started Postman as a side project.

During his college years at BITS Pilani`s Goa campus, he did a lot of side projects and initiated a project called BITS 360. The project gained popularity on campus and among BITS aspirants across the country.

Talking about his entrepreneurial journey, Abhinav says, “I always wanted to start a company and I did. It wasn’t a startup at that time, it was called TeliportMe, and prior to that, I had been founding stuff since my school days. I had a design consultancy that I did in school, made some money out of that.”

 

But in 2013, he found himself at the crossroads of his career. TeliportMe, his first start-up project was doing well and stable too, but it was not what Abhinav wanted to do. “It’s always tough to decide what is the thing you got to be doing”, he added. So in 2013, he left the company and took some consulting gigs on the side to pay the bills as he did not want to ask his father`s help to pay the rent.

He recalls, “I lived in Indiranagar (Bengaluru) and what I realized during that time was Postman had all of those things that I was trying to intentionally build as products in previous generations. It had that user love, a community that was coming around it, and people wanted the product. They wanted it to become better, they were using it, recommending it. It became a key part of their workflow.”

 

However, it still wasn’t a business and had a ‘donate button’ for people to contribute and send in “some money”. “Ultimately it came to a point where a company based in Seattle sent a $500 cheque saying that ‘we want to pay for it but there’s no way to pay”, he chuckles.

In 2014, he was joined by his Co-founders Abhijit Kane and Ankit Sobti and the trio launched the start-up formally. Today, Postman claims to have 1.6 million active users and in June 2020, the six-year-old startup secured a Series C funding of $150 million at a valuation of $2 billion.

The investment was led by US-based venture capital fund Insight Partners. Postman`s existing investors Nexus Venture Partners & CRV also participated in the round.

Business is a religion. Success is a religion. It takes years to figure out what works and what does not work for your business. But why should you waste your valuable years in figuring out- ‘WHY’, when you can learn ‘HOW’ from the years of experience of the most successful billionaire business leaders.

With Bada Business online training courses, you can learn the expertise from the top 70 business gurus right on your phone. You can access premium-quality digital content from anywhere, anytime.

Click here https://www.badabusiness.com/life-time-membership?ref_code=ArticlesLeads to subscribe to our lifetime membership.

Categories
Motivational

Unicorn 2020: This online beauty & lifestyle retailer start-up entered the $1 Billion Club in 2020

unicorn startup

The year 2020 not only be remembered for the chaos that it has created. For some start-ups, this year also means massive funding from investors across the globe. It will be memorable for them as they enter the unicorn club.

India has seen a record number of start-ups valued at $1 billion this year, and Mumbai-based online beauty & lifestyle retailer is one of them. Founded by Falguni Nayar, a banker-turned-businesswoman, Nykaa was launched in 2012.

A graduate of the Indian Institute of Management, Ahmedabad, Nayar was born and raised in Mumbai. Her father ran a small bearings company, assisted by her mother and the conversations revolved around investments, stock market and trading.

For 18 years, she worked with Kotak Mahindra Capital Co. Nayar, who was working as the managing director and head of its institutional equities business left in 2012.

“Once I turned 50, I thought I would become complacent,” she said. Initially, it was hard to quit the job at Kotak, “where everything was going right”, but with the self-imposed deadline of 50 loomings, Nayar did just that.

Before the Covid-19 pandemic came unannounced, Nykaa claimed profitability for the fiscal FY19 last year in December. The company also took the initiative to deliver the essentials to over 14,000 pin codes across the country. In May 2020, after raising funding of Rs 66.64 crore from its existing investor Steadview Capital, it attained its unicorn status at a valuation of $1.2 billion.

Started as a multi-brand online beauty retailer, today Nykaa has more than 46 stores across the country and has extended its online presence through a mobile app. The company has stocked up more than 1500 genuine brands and also provides free shipping.

Nykaa has launched its NykaaDesignStudio where subscribers can share their ideas and interact with each other. With its growing popularity, today it competes with online marketplaces like Myntra, Purplle, Flipkart, and Amazon. The platform follows an inventory-led model and has its private label in the cosmetics and personal care segment.

Not only women, but Nykaa has also launched NykaaMan,an e-commerce platform for personal grooming products for men. It has also acquired 20Dresses.com for an undisclosed amount in a move to further growth.

We know what you are thinking! The idea of managing the 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 courses like Everything About Entrepreneurship (EAE), Problem Solving Courses (PSC) & Lifetime Membership (LTM). For more details, click https://www.badabusiness.com/?ref_code=ArticlesLeads

Categories
Business motivation Motivational

Pivot And Persist: These Companies Stood Successful In Pandemic Times

2020 has turned out to be a chaotic year with full of surprises and shocks for everyone. It will not be wrong to say COVID-19, called the worst thing for many businesses, but for many entrepreneurs, it came as a blessing in disguise. This hard situation may not only enable them to rotate their business operations, process but keeping mind the growth of their business.

It has been months for the Indians who are surviving and fighting with the threat of this unbeatable virus. As correctly said, the lockdown imposed by the Government for the safety of our added woes not only to entrepreneurs but every class people as well.

While suffering during this time, a lot of businesses worked hard to fight back by changing the direction of their operation and touching different dimensions to be stable and grow at the same time.

Let’s have a look into those few businesses who fought this pandemic with a positive mind and change in operations way.

Hula Global

A garment manufacturing company founded in 2018 based out in Noida, was entirely into garments before COVID-19 came. But after a worse situation faced by people in terms of safety from viruses, the company owner changed business operations and started into manufacturing PPE kits, N95 masks, face shields, etc., to fulfil the rising demand for products in the country.

A change in business operation not only helped people in fighting the virus but also helped in the growth of the business. Now the brand has collaborated with the Bahrain Government, the Kingdom of Saudi Arabia (KSA), Brazil, and Italy to supply these kits.

Homescape

A co-working space, company founded in 2013 by Manoj Khandelwal operating from Bengaluru, when lockdown happened, then work from home to come. So, co-working spaces had major suffering during this pandemic time.

When the future of his co-working space future remains uncertain, then this Bengaluru-based co-working space Workshaala had set the example by changing business operations by an initiative called Homescape. The company started providing furniture like tables, chairs, and desktop to people working from home and help them individual’s productivity and provide them with comfort and ease at the same time.

Shree Shakti Enterprises

Shree Shakti Enterprises is a bulk trader of steel utensils since 1956 that has a good name in the market. But like most businesses in the world, they also hit a speed bump. This pandemic forced them to pause the economic activity, shut factories, so they had to close all its manufacturing units in Sonipat, Haryana.

Then their Rahul Bajaj, the owner of the company came up with the idea to touch uncharted territory of sensor-based sanitizer dispensers to hands-free hand wash systems, and automatic foot sanitizers. They started building a prototype within days of the lockdown. We can clearly say that the idea had changed their life.

2020 maybe turn out to be a surprise and shock at the same time. Last few months, many businesses have illustrated flexibility more than ever. As the pandemic and lockdown disabled not only the economy, our lives too across the globe. But, as it said you will find the way you go on the path of innovation with a positive mindset.

 

Categories
Motivational Startup

Startup World Excitement Returns Amid COVID-19 Pandemic as Venture Capitalists Show Faith And Deal Discussions Heat Up

Startup (Representational Image Only, Photo Credits: NeedPix.com)

Mumbai, September 11: Coronavirus pandemic had badly affected businesses all over. Over the last few months, we saw numerous job losses, businesses being shut amid the lockdown. However, with the relaxation in the lockdown norms, the situation is improving. According to reports, venture capitalists are slowly returning to the startup world.

According to the Moneycontrol report, investors have started writing cheques, making big bets, something that was expected would take longer. Some names include Dailyhunt, ShareChat, skincare brand WOW Skin Sciences, and meat delivery startup Licious deal discussions have heated up.

Last month, fantasy gaming startup Dream11 emerged as the title sponsor of this year’s Indian Premier League (IPL).  The Indian unicorn replaced Chinese handset company Vivo, which opted out of sponsorship this year amid India-China border standoff. Infact, the company is counting on a bumper IPL for business recovery.

Infact during the lockdown as well, in March and April, online education, healthcare and gaming startups were the direct beneficiaries.

This surely comes as good news because when the pandemic hit India, investors hit the panic button and made their exits from the already finalised deals, postponed their fundraising plans and went aggressive on cost-cutting measures.