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Innovative AI-Based Business Ideas to Transform Industries

Artificial Intelligence ideas for Business
Artificial Intelligence ideas for Business.

In the rapidly changing technology landscape, Artificial Intelligence (AI) has become a game-changer, revolutionizing industries and providing new avenues for entrepreneurial success. From automation to data analysis, AI is transforming the way businesses operate, interact with customers, and make decisions.

Can AI-based companies make profits?

AI-based businesses have the potential to generate big profits. The integration of AI technology across various industries can lead to improved efficiency, enhanced customer experiences, cost savings, and innovative product offerings, all of which help increase revenue and profitability.

Here are some ways AI-powered businesses can generate profits:

  1. Improved Operational Efficiency:
    AI can automate repetitive tasks, optimize processes, and streamline operations. This leads to reduced labor costs, increased productivity, and more efficient resource utilization, all of which contribute to higher profit margins.
  2. Personalized Customer Experiences:
    AI enables businesses to deliver highly personalized and relevant experiences to customers. This enhances customer satisfaction and loyalty, leading to repeat business and increased sales.
  3. Data-Driven Insights:
    AI can analyze large volumes of data to uncover valuable insights about customer behavior, market trends, and business performance. These insights enable businesses to make informed decisions that drive revenue growth.
  4. Enhanced Marketing and Sales:
    AI-powered tools can segment audiences, predict customer preferences, and optimize marketing campaigns. This results in more targeted and effective marketing efforts, ultimately leading to increased sales.
  5. Cost Reduction through Predictive Maintenance:
    In industries like manufacturing and logistics, AI can predict equipment failures and maintenance needs. This reduces downtime, prevents costly breakdowns, and extends the lifespan of machinery, resulting in cost savings and higher profits.
  6. New Revenue Streams:
    AI-based businesses often develop innovative products and services that create new revenue streams. For example, a company might offer AI-powered subscription services, data analytics tools, or consultancy services based on their AI expertise.
  7. Efficient Resource Allocation:
    AI can optimize resource allocation by analyzing data to determine the most effective allocation of resources such as inventory, staff, and production capacity. This minimizes waste and increases profitability.
  8. Risk Management and Fraud Prevention:
    In industries like finance and insurance, AI can detect fraudulent activities and assess risks with greater accuracy. This reduces financial losses due to fraud and helps maintain a healthy bottom line.
  9. Upselling and Cross-Selling:
    AI can analyze customer purchase histories and behaviors to identify opportunities for upselling and cross-selling. This technique increases the average transaction value and drives additional revenue.
  10. Product Innovation and Differentiation:
    AI enables businesses to develop innovative products and services that stand out in the market. This differentiation can command premium pricing, leading to higher profit margins.
  11. Scalability and Expansion:
    AI-driven systems can be easily scaled to handle increased demand without proportional increases in labor costs. This scalability allows businesses to expand their operations and capture more market share efficiently.
  12. Competitive Advantage:
    By embracing AI early and effectively, businesses can gain a competitive advantage in their industry. This can lead to higher market share, stronger brand loyalty, and ultimately increased profits.

AI-based businesses can generate profits through increased efficiency, enhanced customer experiences, data-driven insights, and innovative offerings. However, it’s important to note that success in the AI space requires strategic planning, continuous innovation, and a keen understanding of both the technology and the specific needs of the target market.

AI-Based Business Ideas

In this article, we’ll explore some innovative AI-based business ideas that have the potential to reshape industries and create new opportunities for aspiring entrepreneurs.

  1. AI-Powered Personalized Shopping Platforms:
    Online shopping has become an integral part of modern consumer behavior. AI can enhance the shopping experience by analyzing customer preferences, browsing history, and purchase patterns to provide tailored recommendations. Imagine an AI-driven platform that not only suggests products based on individual tastes but also predicts future trends, helping businesses stay ahead in the market.
  2. Health Monitoring and Virtual Health Assistants:
    Healthcare is another sector ripe for AI innovation. AI-driven wearable devices can monitor vital signs, alerting users and healthcare providers to any anomalies. Virtual health assistants can provide personalized health advice, and medication reminders, and even detect early symptoms of diseases. Such technology not only empowers individuals to take charge of their health but also reduces the burden on healthcare systems.
  3. Sustainable Agriculture through AI:
    Feeding a growing global population while ensuring sustainable practices is a challenge. AI can be employed in precision agriculture to optimize resource allocation, predict crop diseases, and manage irrigation. This not only increases crop yield but also minimizes environmental impact by reducing the need for excessive pesticide and water usage.
  4. AI-Powered Mental Health and Wellbeing Apps:
    Mental health awareness is on the rise, and AI can play a significant role in providing support. AI-driven chatbots and apps can offer personalized therapy sessions, monitor mood changes, and provide coping mechanisms for users struggling with stress, anxiety, or depression. These tools can bridge the gap between individuals and professional help, making mental healthcare more accessible.
  5. Enhanced Customer Service with AI Chatbots:
    Customer service is a crucial aspect of any business. AI chatbots equipped with natural language processing capabilities can handle customer inquiries, provide instant responses, and even escalate issues to human agents when necessary. This not only improves customer satisfaction but also reduces operational costs for businesses.
  6. AI-Driven Content Creation:
    Content creation can be time-consuming and resource-intensive. AI-powered tools can generate written content, design graphics, and even compose music. Content creators and marketers can use these tools to streamline their processes, freeing up time for more creative and strategic tasks.
  7. Predictive Maintenance in Manufacturing:
    In the manufacturing sector, unexpected equipment breakdowns can lead to costly downtime. AI-enabled predictive maintenance can analyze data from sensors and machinery to forecast potential malfunctions. This allows businesses to schedule maintenance proactively, minimizing downtime and optimizing production efficiency.
  8. AI-Based Language Translation and Communication Tools:
    In a globalized world, effective communication is essential. AI-powered language translation tools can break down language barriers in real time, enabling businesses to connect with international audiences seamlessly. Additionally, these tools can aid in cross-cultural collaboration and negotiations.
  9. Financial Fraud Detection:
    Financial institutions can leverage AI to detect fraudulent activities in real time. By analyzing transaction patterns and identifying anomalies, AI algorithms can prevent unauthorized transactions and protect customer accounts from cyber threats.
  10. Personalized Learning and Education Platforms:
    The education sector can benefit from AI-driven personalized learning platforms. These platforms can adapt to individual learning styles and paces, providing targeted content and assessments to enhance students’ understanding and retention of subjects.

Conclusion:
The potential of AI in transforming business operations and creating new opportunities is limitless. These AI-based business ideas showcase how technology can be harnessed to address various challenges and cater to evolving consumer needs. As entrepreneurs, it’s crucial to stay attuned to these trends, exploring innovative ways to integrate AI into different industries and unlock a new era of business growth and success. By embracing AI, entrepreneurs can not only stay competitive but also drive positive changes in society at large.

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News

Entrepreneur’s Launchpad By Dr Vivek Bindra | Bada Business

Entrepreneurs launchpad
Entrepreneurs launchpad Event 2023, Delhi

Are you an aspiring entrepreneur or a business owner looking to take your venture to new heights? The Entrepreneur’s Launchpad event by Bada Business, initiated by Dr Vivek Bindra, is set to take place on the 23rd and 24th of September 2023 at the iconic Indira Gandhi Stadium in Delhi. It will be a transformative experience for all the attendees.

Entrepreneur’s Launchpad is a prestigious and transformative event designed for aspiring entrepreneurs, start-up founders, students and business owners who wish to enhance their knowledge and skills in various aspects of business development and success. The event brings together renowned industry experts, successful entrepreneurs and business leaders who share their experiences, insights and strategies to empower and inspire attendees.

Aim of Entrepreneur’s Launchpad Event

The primary aim of the Entrepreneur’s Launchpad event is to provide participants with valuable knowledge, actionable insights, and practical strategies to unlock their business potential and achieve sustainable success. The event focuses on key areas crucial for entrepreneurial growth and development, encompassing various stages of a business lifecycle, from inception to scaling and beyond. With a star-studded lineup of speakers, including Dr Vivek Bindra, Vivek Oberoi, Avadh Ojha, Ranveer Allahbadia, Jaya Kishori, Khan Sir and Manu Jain, this event is set to provide invaluable insights on crucial aspects of business growth.

Finding the Right ‘Prospect’ in Business

One of the fundamental challenges faced by entrepreneurs is identifying the right target audience or prospects for their products or services. During the event,  business coaches like Dr. Vivek Bindra will shed light on effective strategies to find and engage potential customers. Understanding the needs and pain points of your target audience is essential for crafting compelling offers that resonate with them. The speakers will share their experiences and practical tips for market research, customer profiling, and creating impactful marketing campaigns.

Learning How to Find the Right ‘Product/Service’

The success of any business heavily relies on offering a product or service that fulfils a genuine need in the market. Entrepreneurs often struggle with selecting the right product or service that aligns with their vision and resonates with their audience. At the Entrepreneur’s Launchpad Event, Dr Vivek Bindra will provide insights into the process of ideation, product development, and market validation. Attendees will learn how to leverage customer feedback, conduct product tests, and iterate to create offerings that stand out in a competitive landscape.

Increasing ‘Process & Performance’ in Your Business

Optimizing business processes and enhancing overall performance is crucial for sustained growth. Dr. Vivek Bindra, a renowned business coach, will share strategies for streamlining operations, improving efficiency, and fostering a culture of innovation within organizations. Additionally, Manu Jain, an expert in scaling businesses, will provide valuable lessons on overcoming operational challenges and managing growth effectively. Understanding the importance of metrics, automation, and delegation can significantly impact the success of a business, and these topics will be explored in depth during the event.

Mastering the Art of Earning ‘Profit’

Profit is the lifeblood of any business. At the Entrepreneur’s Launchpad Event, Vivek Oberoi and industry veterans will share their wisdom on financial management, revenue generation, and maximizing profits. Attendees will gain insights into pricing strategies, cost optimization, and effective financial planning. Moreover, Vivek Oberoi’s session will emphasize the importance of a growth mindset and embracing entrepreneurship as a vehicle for both financial success and personal fulfilment.

Learning to Capture the Customer’s ‘Problem’

Addressing customer pain points is key to building a loyal customer base. Ranveer Allahbadia will share their experiences in understanding customer needs, gathering feedback, and iterating products or services to meet evolving demands. An empathetic approach to problem-solving can create a powerful bond with customers and drive brand loyalty.

Learning how to manage ‘People’ ie Manpower of your business

Effective management of people involves clear communication, leading by example, empowering and delegating tasks, providing feedback, recognizing and rewarding achievements, setting clear goals, promoting work-life balance, resolving conflicts, investing in training, building a positive culture, staying approachable, managing performance, and adapting as the team and business evolve. Mr. Manu Jain is someone who has driven innovation and revolutionized the mobile industry in the last decade. One needs to be at the centre of their manpower to do so. Similar is the case with people’s favourite Khan Sir who runs the world’s number one educational YouTube channel and is an educator known for his knowledge and its application. These two will come and talk on this important topic for the attendees.

In addition to the keynote sessions, the event will also feature interactive workshops, panel discussions, and networking opportunities, enabling attendees to connect with like-minded entrepreneurs, mentors, and potential collaborators.

The Entrepreneur’s Launchpad Event on September 23rd and 24th, 2023, is a not-to-be-missed opportunity for all entrepreneurs, students and business enthusiasts. Whether you are starting your entrepreneurial journey or seeking to take your existing business to greater heights, this event promises to equip you with the knowledge, inspiration, and practical strategies needed for success. Mark your calendars and get ready to unlock your business potential.

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News

How Dr Vivek Bindra Made 12 World Records, Including 9 Guinness World Records?

Dr Vivek Bindra World Recored
Dr Vivek Bindra World Record.

“Difficulties of your life are not the dead ends. They are just the sweet bends”- Dr. Vivek Bindra.

In the realm of business education, one name stands out as a beacon of inspiration and knowledge: Dr. Vivek Bindra. As the CEO and Founder of EdTech startup Bada Business Pvt Ltd, Dr. Bindra has made significant strides in empowering entrepreneurs and business owners through his groundbreaking initiatives. With a relentless dedication to educating, skilling, and supporting small enterprises, he has captivated audiences worldwide through his interactive YouTube videos and record-breaking webinars.

Dr. Bindra’s exceptional achievements include securing an astonishing 12 World Records including 9 Guinness World Records in the field of online learning.

Guinness World Records – 9

Name of Guinness World Records Date
1. World’s largest online business lesson 24-Apr-20
2. World’s largest online sales lesson 31-May-20
3. World’s largest online lesson on strategy management 27-Jun-20
4. World’s largest online event on ‘How to Start up’ 15-Aug-20
5. World’s largest online lesson on retail management 27-Sep-20
6. World’s largest online event on leadership lessons 20-Jun-21
7. World’s largest online event on 40 Low-cost Marketing Ideas 15-Aug-21
8. World’s largest online event on Peak Productivity- Time Management Strategies 2-Oct-21
9. World’s largest online event on Passive Income with Personal Branding 11-Sep-22

Golden Book World Records – 3

These records not only highlight his unparalleled expertise but also reflect his commitment to transforming the lives of millions.

Dr. Bindra has continued to do an outstanding job of educating, training, empowering and supporting small entrepreneurs as well as business owners to hone their business skills throughout the year through its interactive videos on YouTube as well as its successful webinars which garnered the greatest audience.

Guinness World Records

Under the leadership of Dr. Vivek Bindra, Bada Business has scripted history by becoming the world`s first company to grab nine Guinness World Records back-to-back in online learning.

His series of business training sessions during the lockdown for Indian MSMEs were attended by crores of participants cumulatively. Here’s a list of the Guinness World Records that are to his name:

  1. World’s largest online business lesson (April 24, 2020):
    The ‘Online Business Lesson’ webinar which was conducted under the expert leadership of Asia’s top business coach Dr. Vivek Bindra, organized by Bada Business was participated by 4 Lakh unique users, and around 8 lakh participants across 115 countries. The webinar garnered 1 Crore minutes of viewing, which is a new world record for the Largest online business lesson. The webinar received the largest viewership leaving countries like the USA, Russia, and China behind. This was Dr. Vivek Bindra`s first attempt at GWR.
  2. World’s largest online sales lesson (May 31, 2020):
    Creating an iconic Guinness World Record for ‘Largest Online Sales Lesson’, Dr. Vivek Bindra conducted this webinar on May 31, 2020. The webinar received 15 lakh participants and 25 lakh logins from 138 countries across the globe. It was watched for 4 crore minutes with 95,087 unique viewers for 30 minutes of concurrency.
  3. World’s largest online lesson on strategy management (June 27, 2020):
    Breaking another record with the largest viewership for the premiere of an exclusive webinar on his YouTube channel based on ‘Strategic Management’, Dr. Vivek Bindra has claimed one more feather in his hat and 3rd Guinness World Record for highest viewership. His webinar received 122,323 peak viewers and was watched for 1,41,91,200 hours, making it the Largest Online Lesson on Strategy Management.
  4. World’s largest online event on ‘How to Start up’ (Aug 15, 2020):
    In his fourth attempt to make another prestigious Guinness World Record on 15th August 2020, Dr. Vivek Bindra made an all-new record for the largest viewership for his webinar on ‘Start-up Business Management’ on his most popular YouTube channel. Conducted by Dr. Vivek Bindra, the webinar received 210,626 concurrent viewers and was watched for a total of 1,84,41,720 minutes with 5.6 million reach, earning him his fourth GWR in 2020.
  5. World’s largest online lesson on retail management (Sept 27, 2020):
    In his fifth attempt, Dr. Vivek Bindra conducted a webinar on ‘Retail ka Mahakumbh’ based on ‘Retail Management’. The webinar once again reached 2.6 million viewers and received 84,023 concurrent viewers with 201.1K total unique logins earning him his fifth Guinness World Record in 2020.
  6. World’s largest online event on leadership lessons (June 20, 2021):
    After making back-to-back five GWRs in the previous year, Dr. Vivek Bindra came together with ISKCON (International Society for Krishna Consciousness) to create his 6th Guinness World Record for conducting the largest webinar on ‘Business Yoga with Bhagavad Gita’ on June 20, 2021. This webinar proved to be the greatest hit with 3,034,346 views. The webinar received 1,55,449 viewers on Dr. Vivek Bindra`s YouTube channel and was watched for 664,040 hours.
  7. World’s largest online event on 40 Low-cost Marketing Ideas (August 15, 2021):
    Continuing his streak of setting Guinness World Records, Dr. Vivek Bindra achieved his 7th record on August 15, 2021, with the world’s largest online event on “40 Low-cost Marketing Ideas.” This webinar aimed to provide valuable insights and strategies to entrepreneurs and businesses on cost-effective marketing techniques. The event witnessed an overwhelming response, attracting a massive audience. The event recorded a staggering viewership of 5,217,892, setting a new benchmark for online events. With this remarkable achievement, Dr. Vivek Bindra once again showcased his expertise in marketing and business management, empowering entrepreneurs with valuable knowledge and practical tips to thrive in their respective industries.
  8. World’s largest online event on Peak Productivity- Time Management Strategies (October 2, 2021):
    On October 2, 2021, Dr. Vivek Bindra added another milestone to his list of accomplishments by hosting the world’s largest online event on “Peak Productivity- Time Management Strategies.” This webinar aimed to equip individuals and professionals with effective strategies to optimize their productivity and manage their time efficiently. The webinar witnessed an overwhelming response from participants worldwide, reflecting the relevance and importance of time management in today’s fast-paced world. Dr. Vivek Bindra shared his expertise, providing practical insights and techniques to help individuals enhance their productivity levels and achieve their goals. The event garnered an astonishing viewership of 3,892,554, establishing a new Guinness World Record for the largest online event on Peak Productivity.
  9. World’s largest online event on Passive Income with Personal Branding (September 11, 2022):
    Adding another milestone to his remarkable journey, Dr. Vivek Bindra achieved his ninth Guinness World Record on September 11, 2022, with the world’s largest online event on “Passive Income with Personal Branding.” This webinar aimed to educate individuals on leveraging their brand to create passive income streams and achieve financial independence. Dr. Vivek Bindra’s expertise in personal branding and wealth creation resonated with a massive audience, resulting in a significant turnout for the event. The webinar attracted a viewership of 4,651,201, setting a new benchmark for online events on passive income and personal branding. During the event, Dr. Vivek Bindra shared valuable insights, strategies, and success stories, guiding participants in building and monetizing their brands effectively.

Through these Guinness World Record achievements, Dr. Vivek Bindra has consistently demonstrated his passion for sharing knowledge, empowering individuals, and transforming businesses. His remarkable ability to engage and educate millions through his webinars has cemented his status as Asia’s top business coach and a globally recognized thought leader.

Golden Book of World Records

  1. Most Live Viewers in a YouTube live webinar on the Art Of Parenting (10 July 2022):
    Dr. Vivek Bindra achieved the record for the Most Live Viewers in a YouTube live webinar on the topic of “Art Of Parenting” on 10 July 2022. This achievement highlights the significant viewership and engagement that Dr. Vivek Bindra’s webinar garnered, showcasing his expertise in guiding and educating parents on effective parenting techniques.
  2. Largest Online Motivational Session On Post Corona Business Strategies (26 April 2022):
    Dr. Bindra attained the record for hosting the Largest Online Motivational Session on Post Corona Business Strategies on 26 April 2022. This session showcased Dr. Vivek Bindra’s ability to motivate and inspire entrepreneurs and business owners to adapt and thrive in the post-pandemic business landscape. The event garnered a substantial audience, highlighting the impact of Dr. Vivek Bindra’s motivational sessions on business strategy and success.
  3. Largest Session On Entrepreneurship (24 September 2023):
    On September 24, 2023, history was made as Dr. Vivek Bindra achieved a monumental milestone at the Entrepreneur’s Launchpad Event held at the Indira Gandhi Stadium in Delhi. Driven by an unwavering passion for entrepreneurship, he orchestrated the largest session on entrepreneurship ever recorded. This remarkable feat not only left an indelible mark on the entrepreneurial community but also earned him a place in the prestigious 3rd Golden Book of World Records.

Dr. Vivek Bindra’s journey as a business coach and educator has left an indelible mark on the world of entrepreneurship. Through his groundbreaking webinars and extensive knowledge-sharing, he has empowered individuals, revolutionized businesses, and shattered records along the way. With a relentless pursuit of excellence and a genuine desire to uplift others, Dr. Bindra has become a global thought leader in business education. As his achievements continue to inspire millions, his dedication to empowering success through education is a testament to the transformative power of knowledge.

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Finance News

Major Income Tax Rule Changes starting from April 1, 2023

Income Tax Rule 2023-2024
Major Income Tax Rule Changes that came into effect from April 1, 2023.

Various changes to the income tax laws came into effect that will impact Indian taxpayers from April 1, 2023, which marks the start of the new fiscal year 2023-24.

The Indian economy has seen a boom, especially in the tax collections from the past few years. For the Financial Year 2022–2023, direct tax revenue increased by more than 20%. This number is expected to rise with time as the economy is on upside tack.

Nirmala Sitharaman, the Union Finance Minister, made the revisions public at the presentation of the Union Budget on February 1, 2023. A few modifications that were recently made in the Finance Bill 2023 are also expected to have an impact on some payers and entrepreneurs.

Some of the major changes that should affect everyone are as follows:

  1. The new income tax regime will be the default tax regime as of April 1, 2023. Tax assessors will still have the option to choose from the prior regime. For salaried individuals and pensioners, the standard deduction for taxable income exceeding Rs.15.5 lakhs is now set at ₹52,500.
  2. The standard deduction for employees under the old tax regime remains at ₹50,000. However, the finance minister has extended this benefit to pensioners under the new tax regime. Every salaried individual earning ₹15.5 lakhs or more will benefit from this at ₹52,500.
  3. Additionally, the government introduced an optional income tax regime in the 2020-21 Budget. Individuals and Hindu Undivided Families (HUFs) opting for this regime would be taxed at lower rates if they did not avail of specified exemptions and deductions such as house rent allowance (HRA), interest on the home loan, and investments made under Section 80C, 80D, and 80CCD.
  4. The enhancement of the tax rebate limit to ₹7 lakhs from ₹5 lakhs implies that individuals whose income is less than ₹7 lakhs need not invest anything to claim exemptions. Their entire income would be tax-free, regardless of the amount of investment made.
  5. Income tax slabs have undergone significant changes, with new tax rates as follows: nil for income up to ₹3 lakhs, 5% for income between ₹3 lakhs to ₹6 lakhs, 10% for income between ₹6 lakhs to ₹9 lakhs, and 30% for income above ₹15 lakhs.
  6. The leave encashment for non-government employees is exempt up to a certain limit, which was ₹3 lakhs in 2002 and has now increased to ₹25 lakhs.
  7. Investments made in debt mutual funds after April 1, 2023, will be taxed as short-term capital gains. This change will strip investors of the long-term tax benefits that had made such investments popular. Additionally, investments in Market Linked Debentures (MLDs) after April 1 will also be short-term capital assets. The grandfathering of earlier investments will end, and the mutual fund industry will be slightly impacted.
  8. Life insurance premiums over the annual premium of ₹5 lakhs would be taxable from the new financial year, which is from April 1, 2023. However, the new income tax rule will not apply to ULIP (Unit Linked Insurance Plan).
  9. Senior citizens will benefit from increased deposit limits for the senior citizen savings scheme and monthly income scheme. The maximum deposit limit for the former will be increased to ₹30 lakhs from ₹15 lakhs. For the latter, the maximum deposit limit for single accounts will increase to ₹9 lakhs from ₹4.5 lakhs, and for joint accounts, it will increase to ₹15 lakhs from ₹7.5 lakhs.
  10. Lastly, converting physical gold to an Electronic Gold Receipt (EGR) and vice versa will not attract any capital gain tax, effective April 1, 2023. These changes in income tax rules will have a significant impact on taxpayers, and it is advisable to consult with a financial expert to make informed decisions regarding tax planning and investment strategies.

The financial year of 2023 has brought numerous changes to income tax rules in India. Among the significant changes are the new income tax regime, tax rebate limit increase, the elimination of LTCG tax benefits on some debt mutual funds, and alterations to income tax slabs. The changes have now come into effect for everyone in the country. What will be the results of these changes? Only time will tell.

You can submit your comment regarding the article by commenting in the comment section. If you are looking for new opportunities in this field you should straightaway register for this Anybody Can Earn webinar by Dr. Vivek Bindra.

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News

7 Lessons Entrepreneurs Should Learn From Shark Tank India Season 2

7 Lessons Entrepreneurs Should Learn From Shark Tank India Season 2
7 Lessons Entrepreneurs Should Learn From Shark Tank India Season 2

Whether you started watching Shark Tank India because you love entrepreneurship or the memes that were all over the internet, or simply came through an episode while browsing social media; there are many lessons you can learn from the show.

It’s about several business and life lessons that allow you to have a look at India’s fast-paced, make-or-break entrepreneurial landscape. While it is true that Shark Tank presents business pitches and ideas through the lens of reality television, here are 7 intriguing Shark Tank learnings and vital observations for new startups and aspiring entrepreneurs:

  1. Success Is Driven By Passion: Pick any Shark Tank India episode and observe which entrepreneurs the sharks prefer to invest in. And you’ll recognize one thing they all have in common: they’re all pushed by passion. Being genuinely enthusiastic about what you do, regardless of whether you’re an entrepreneur, or working at any other level, leads to success.
  2. Presentation Is Important: Imagine receiving two dishes—one that is attractive to the eyes and the other that looks like a garbage pile. Which do you select? Obviously, the dish with the best appearance. It’s possible that the meal that wasn’t as enticing tasted better, but how would one learn that without trying? Similarly, you should portray what you’re saying or doing in a way that will catch people’s attention if you want them to pay attention. Sharks invested in some of the entrepreneurs featured on Shark Tank India because they presented their concepts brilliantly and made such compelling presentations. Present your portfolio even when you’re seeking a job so that, at least, nobody can refuse to give you a call.
  3. Clarity Is Essential In Life: Everyone desires to be successful, but still, only just a few people understand what they need to do to get there. The Shark Tank India judges praised contestants who demonstrated clarity about their thinking and business plans. Likewise, we can learn to achieve clarity in our opinions because clarity gives us self-belief, and self-belief allows us to accomplish anything.
  4. You Will Learn More From Failure Than From Success: The candidates’ journeys revealed the obstacles they had to overcome before they were given the chance to showcase their products. The Shark Tank India experts experienced similar struggles before they were able to invest in others. Before Lenskart became well-known, Shark Peyush Bansal founded several businesses, and Shark Vineeta Singh founded many businesses that flopped before Sugar Cosmetics succeeded.
  5. Only Resources Are Not Enough: Even if you had a brilliant concept worth a million dollars, what use would it be if you couldn’t start? Simply, quit feeling sorry for yourself and get to work. Taking the very first step is the only way to get to your destination. Even though your current resources may not be the best, you do have some. Utilize them; along the road, better things will appear.
  6. Find A Problem To Solve If You Want To Bring A Change: Shark Tank India inspired all of us to pursue entrepreneurship. Find a problem to fix if you’re in the same situation. Instead of inventing something and then attempting to create a market for it, identify an issue that people are currently suffering from and see what you can do to fix it.
  7. Investors Put Their Money Into Individuals More Than The Idea: Simply said, wise investors, choose to invest in people over ideas. In contrast, faulty founders could easily lose even a fantastic idea. Intelligent, skilled, and determined entrepreneurs are more likely to lead this process correctly. There are several incidents in the show where the sharks trusted the founder more than the idea and invested their money in them.

Work on applying these straightforward yet insightful lessons from Shark Tank India’s second season to your personal and professional life. You’ll definitely be headed in the correct direction. You can enroll for the Anybody Can Earn Webinar to know more about the facets of making money and multiplying it as per your wish. To Know More, you can visit Bada Business.

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News Startup

Know The Reasons Why These Indian Startups Got Shut Down In 2022

Indian Startups Got Shut Down In 2022
Know The Reasons Why These Indian Startups Got Shut Down In 2022

The Indian startup environment has undoubtedly grown tremendously over the past five years, becoming the third-largest startup ecosystem globally after the US and China. The record-breaking financial inflow into India in 2021 contributed to the enthusiasm of Indian entrepreneurs. Then 2022 arrived, a year that will be recalled in the future for all the opposite reasons.

Due to a lack of funding, eight Indian firms had to close their doors in 2022. Five of the eight startups that closed their doors were in the Edtech industry. In addition to shutting down, many large software firms and unicorns had to close their cash-draining sectors to combat the mounting costs. For instance, Ola liquidated Ola Dash, Ola Foods, and Ola Play, three of its verticals.

The following is a list of the Indian startups that shut their shop this year

Lido

The abrupt closure of Lido Learning’s services on February 4, 2022, left 150 of the company’s employees with serious doubts about their futures. Some of the well-known angel investors supported the EdTech business. Vijay Shekhar Sharma, Mukesh Bansal, Anupam Mittal (founder of Shaadi.com and Shark Tank India judge), Ananth Narayanan (founder of MedLife), and Ronnie Screwvala (founder of UpGrad) were the ones supporting this firm.

ShopX

ShopX, a B2B e-commerce startup supported by Nandan Nilekani, ceased operations because it was unable to produce enough working capital and is in default on various loans it obtained from its backers, namely Infosys co-founder Nilekani and Singapore-based FSX PTE LTD. To assure that there are no additional recurrent payment obligations, ShopX significantly cut its personnel strength, as stated in the company’s bankruptcy case.

Udayy

After the opening of schools offline, the Edtech startup Udayy laid off 100–120 staff and shut down as a result of a slowdown in sales. The Gurugram-based firm, which was established in 2019 by Karan Varshney, Mahak Garg, and Saumya Yadav, provided learning and education services for children of kindergarten to eighth grade and was serving about 5,000 students each month.

Crejo

According to some reports, the cofounders of the Edtech business for extracurricular activities told the staff at a town hall about their plan to cease operations. Ankit Agarwal and Vikas Bansal, the company’s co-founders, explained to workers why they decided to wind down operations: a lack of finance and the reopening of schools.

Super Learn

The startup’s operations were suspended earlier this year as a result of a lack of funding, waning investor interest, the reopening of schools, and other factors, according to SuperLearn co-founder Kunal Bhatia, who made this statement on LinkedIn. SuperLearn shut down early this year intending to pay back its investors. It was obvious that the fiesta was approaching its conclusion since no one appeared to be believing the Edtech narrative any longer.

GoNuts

GoNuts’ founder decided to stop business operations in October of this year since the startup’s target market was not expanding. From investors including former Zomato cofounder Pankaj Chaddah, Ramakant Sharma, and LetsVenture, among others, the business had raised more than INR 7 Cr.

Qin1

The latest Edtech start-up to surrender to the ongoing financial freeze and suspend operations was the Noida-based Edtech platform Qin1, which discontinued operations due to a lack of readily available capital.

The creators of the firm, who had been providing live online lessons on coding and the English language to youngsters and teenagers between the ages of 6 and 18, were unable to secure a new round of funding, which led the company to halt operations a few months back.

Protonn

Protonn, a startup providing digital solutions, closed its doors in less than a year after receiving $9 million in venture funding. Anil Goteti and Mausam Bhatt, two former Flipkart executives, founded Proton in 2020 to help independent experts like attorneys, graphic designers, and nutritionists start their own businesses online, produce videos, have teaching sessions, generate payment connections, and monitor their results.

These were some major startups that sadly had to close their doors in 2022. The recession-related global funding crisis, which caused many valuations to be revised went downward, and this has contributed significantly to this decline. This year saw patchy startup growth, which was followed by a large number of firms ceasing operations in India.

The coming year has a lot of challenges for the Indian Startup arena, we can only hope that the new-age companies will counter every challenge and emerge victorious in the end.

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Top Executives who made High-Profile Exits from big companies in 2022

Top 10 Executives who made High-Profile Exits from big companies in 2022
Top Executives who made High-Profile Exits from big companies in 2022

After the much-needed boom post-covid in the year 2021, 2022 proved to be a challenging year for the corporate environment globally. In reaction to the changing commercial landscape, many entrepreneurs started afresh, while others decided to restructure their organizations this year. As a result of the economic crunch and the increasing attention on the economy, layoffs intensified throughout the year.

All of these led to changes in numerous firms’ top-level leadership, resulting in many of the companies seeing the departure of their founders. Along with the founders, a lot of CEOs left the companies too.

Let’s look at the leading exits from the corporate ecosystem as they happened in 2022.

1. Ashneer Grover, Co-Founder, BharatPe

The co-founder of the fintech startup BharatPe was fired from all of his posts on March 2 after the company accused his family of misusing the company’s funds in a significant way.

Grover left the company soon after learning that the Board of the company would receive these results. The Grover family allegedly used fictitious vendors to steal money from the business’s expense budget to support their extravagant lives.

2. Parag Agarwal, CEO, Twitter

The major social media platform’s new owner, Elon Musk, fired top executives for deceiving him and offering no detail on how they would carry out the ambitious goals he has set for the platform.

According to reports, Musk fired Twitter’s CEO Parag Agrawal, CFO Ned Segal, and head of law and policy Vijaya Gadde. He had claimed that they had misled him and Twitter’s investors over the prevalence of fictitious accounts on the social networking site.

3. Sheryl Sandberg, COO, Meta

Sheryl Sandberg, the chief operating officer of Meta Platforms Inc, left the firm after 14 years. Her tight relationship with chief executive officer Mark Zuckerberg fueled the expansion of the largest social network in the world.

On June 1 it was announced that Sandberg, who had held the role for more than 14 years, would be leaving. Javier Olivan, the chief growth officer, took over. Moving forward, Sandberg continues to work with Meta but she will only be a board member.

4. Bob Chapek, CEO, Walt Disney

Bob Iger returned to his role as the CEO of the Walt Disney Company after less than a year in retirement. The board of the corporation announced that Bob Iger is returning and that Bob Chapek, who was recently given the position, is leaving. Iger started serving as CEO for a second time for the following two years after handing the reins to Chapek in February 2020, an unprecedented move at the time. Iger then served as executive chairman till the end of 2021.

5. Laxman Narasimhan, CEO, Reckitt Benckiser

The producer of Dettol and Lysol cleaning products, Reckitt Benckiser claimed that Narasimhan left for personal reasons and moved back to the US and that he has been contacted about a new opportunity. The company made no additional comments. While stating that the company examines and picks the future leadership, Laxman was replaced by their senior board member Nicandro Durante.

6. Kasper Rorsted, CEO, Adidas

Surprisingly, Adidas announced that its CEO Kasper Rorsted would step down from his position in 2023 before his contract was set to expire and that it had already begun looking for a replacement. The CEO’s transition to a new role during 2023 was mutually agreed upon by Rorsted and the company’s board of supervisors.

However, he will continue to serve until a replacement has been named.

7. Ben Van Beurden, CEO, Shell

After nine years in command, Shell CEO Ben van Beurden stepped down from the top position of this energy giant. This change came as oil and gas corporations are facing pressure to move away from burning fossil fuels even as they enjoy booming profits from energy prices boosted by Russia’s conflict in Ukraine. The largest energy business in Europe will be led by Wael Sawan from the new year. Sawan has spent the majority of his career working for Shell’s oil and gas division before recently transitioning to its oil and natural gas and renewable power division.

8. Sonia Syngal, CEO, Gap Inc.

Syngal, who was appointed the CEO of Gap Inc just two years back, quit the company only a few months after it lowered its prediction for yearly earnings as a result of pressure from the sluggish market in the face of decades-high inflation. Gap did not explain her abrupt departure. Executive Chairman Bob Martin stepped in as interim CEO.

9. Amit Burman, Chairman, Dabur India

Amit Burman resigned as the company chairman of the fast-moving consumer products company Dabur India Ltd. effective from August 10, 2022. However, Burman continues to serve as a non-executive director. The non-executive chairman position has been taken over by Mohit Burman. In 2019, Amit Burman was appointed chairman of Dabur India. He assumed leadership of Dabur Foods in 1999 and left the position in 2007 when the business was combined with Dabur India Ltd.

10. Ashish Kumar Chauhan, CEO, BombayStock Exchange

Ashishkumar Chauhan left his positions as managing director and CEO of the BSE and was released from his duties at the exchange to join the NSE again after 20 years. Chauhan became the Managing Director and CEO of the competing firm National Stock Exchange (NSE). He was a member of the NSE founding team but departed in 2000 to take up several positions with Reliance Industries. He later returned to the stock market as the deputy CEO of the BSE in 2009 and became the company’s CEO in 2012.

The upcoming year of 2023 won’t likely have a significant impact on the success of the startup ecosystem. Due to the difficult global financial backdrop, the startup ecosystem is also set to face challenges in the future year. More restructuring and attrition at the executive level in organizations are probably to follow from this. Additionally, mergers and acquisitions cannot be completely ruled out and may result in additional CEO and founder exits.

You can submit your comment regarding the article by commenting in the comment section. Apart from this, if you are a businessman and you are facing difficulties in your business and you want to get good advice from a personal business coach to move your startup business forward, you must choose the Super Sales Secrets webinar. You can get a good grip in business and grow your business four times. To be part of the program, you can register from this link- https://www.badabusiness.com/webinar/ibc/weekly_event?ref_code=dmtvbswebinar

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Scripting Lockdown History 2021

Dr. Vivek Bindra makes 6th Guinness World Record with ISKCON in 2021!
Dr. Vivek Bindra makes 6th Guinness World Record with ISKCON in 2021!

“Difficulties of your life are not the dead ends. They are just the sweet bends”- Dr. Vivek Bindra.

Please Read Updated Article: Dr Vivek Bindra World Record

From being stuck at home for weeks to seeing so many businesses shutting down, the year 2020 has been challenging both personally and professionally for everyone. Where millions of people lost their jobs, many struggled to meet their daily needs.

But even amidst the gloom and doom, there have been few organizations like Bada Business that have responded not just by coming out with all guns blazing to take the fight against the pandemic, but also made not just one or two, but six Guinness World Records in 2020 as well as 2021.

Dr. Vivek Bindra, who is the CEO and Founder of Edtech startup Bada Business Pvt Ltd continued to do stellar work of educating, skilling, hand-holding, and supporting small entrepreneurs as well as the business owners to hone their business skills throughout the year through his interactive videos on YouTube as well as through his successful webinars that garnered the largest viewership.

Under the leadership of Dr. Vivek Bindra, Bada Business has scripted history by becoming the world`s first company to grab five Guinness World Records back-to-back in online learning.

His series of business training sessions during the lockdown for Indian MSMEs between April and September 2020 was attended by 1 crore participants cumulatively.

1. World’s largest online business lesson (April 24, 2020)

The ‘Online Business Lesson’ webinar which was conducted under the expert leadership of Asia’s top business coach Dr. Vivek Bindra, organized by Bada Business was participated by 4 Lakh unique users, and around 8 lakh participants across 115 countries. The webinar garnered 1 Crore minutes of viewing, which is a new world record for the Largest online business lesson. The webinar received the largest viewership leaving countries like the USA, Russia, and China behind. This was Dr. Vivek Bindra`s first attempt at GWR.

2. World’s largest online sales lesson (May 31, 2020)

Creating an iconic Guinness World Record for ‘Largest Online Sales Lesson’, Dr. Vivek Bindra conducted this webinar on May 31, 2020. The webinar received 15 lakh participants, 25 lakh logins with 138 countries across the globe. It was watched for 4 crore minutes with 95,087 unique viewers for 30 minutes concurrency.

3. World’s largest online lesson on strategy management (June 27, 2020)

Breaking another record with the largest viewership for the premiere of an exclusive webinar on his YouTube channel based on ‘Strategic Management’, Dr. Vivek Bindra has claimed one more feather in his hat and Third Guinness World Record for highest viewership. His webinar received 122,323 peak viewers, and was watched for total of 1,41,91,200 hours, making it the Largest Online Lesson on Strategy Management.

4. World’s largest online event on ‘How to Start up’ (Aug 15, 2020)

In his fourth attempt to make another prestigious Guinness World Record on 15th August 2020, Dr. Vivek Bindra made an all-new record for the largest viewership for his webinar on ‘Start-up Business Management’ on his most popular YouTube channel. Conducted by Dr. Vivek Bindra, the webinar received 210,626 concurrent viewers and was watched for a total of 1,84,41,720 minutes with 5.6 million reach, earning him his fourth GWR in 2020.

5. World’s largest online lesson on retail management (Sept 27, 2020)

In his fifth attempt, Dr. Vivek Bindra conducted a webinar on ‘Retail ka Mahakumbh’ which was based on ‘Retail Management’. The webinar once again was reached 2.6 million viewers and received 84,023 concurrent viewers with 201.1K total unique logins earning him his fifth Guinness World Record in 2020.

6. World’s largest online event on leadership lessons (June 20, 2021)

After making back-to-back five GWRs in the previous year, Dr. Vivek Bindra in 2021 came together with ISKCON (International Society for Krishna Consciousness) to create his sixth Guinness World Record for conducting the largest webinar on ‘Business Yoga with Bhagavad Gita’ on June 20, 2021. This webinar proved to be the greatest hit with 3,034,346 views. The webinar received 1,55,449 viewers on Dr. Vivek Bindra`s YouTube channel and was watched for 664,040 hours.

At a time when the global economy is reeling under the impact of the pandemic, Dr. Vivek Bindra`s interactive business webinars are getting huge support and love from a large number of entrepreneurs, students, and young guns who have dreams in their eyes, and a business goal in their minds. Dr. Vivek Bindra`s YouTube channel and successful business webinars are designed for people who are looking for professional guidance to start their entrepreneurial journey.

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Wistron, Lava, Foxconn, Dell Among 14 To Get Approval Under PLI Scheme For IT Hardware

PLI Scheme For IT Hardware
PLI Scheme For IT Hardware

The government on Thursday said 14 companies, including Dell, Lava, Dixon, Wistron and Foxconn, have received approval under the Production Linked Incentive Scheme (PLI) for IT hardware.

The PLI scheme for IT hardware, which was notified on March 3, 2021, provides an incentive of 1 to 4 per cent to eligible companies on net incremental sales over the base year of FY 2019-20 of goods under target segments that are manufactured in India for a period of four years (FY22 to FY25).

The target segments under the PLI scheme for IT hardware include laptops, tablets, all-in-one personal computers (PCs) and servers.

Over the next four years, these companies are expected to fuel a total production of over Rs 1.61 lakh crore, and generate direct employment opportunities for over 36,000 people.

The program seeks to boost domestic manufacturing and attract large investments in the value chain of these IT hardware products.

“Four companies have been selected under the category IT Hardware Companies which include Dell, ICT (Wistron), Flextronics and Rising Stars Hi-Tech (Foxconn),” an official statement said. Wistron and Foxconn are Apple’s contract manufacturers.

Electronics and IT Minister Ravi Shankar Prasad said the PLI scheme has been a huge success in terms of the applications received from global as well as domestic manufacturing companies.

“We are optimistic and looking forward to building a strong ecosystem across the value chain and integrating with the global value chains, thereby strengthening the electronics manufacturing ecosystem in the country,” he added.

It is estimated that in the next four years, the approved companies under the PLI scheme for IT hardware are expected to clock a total production of more than Rs 1.61 lakh crore.

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To Kick Start Growth In The Country, Strong Fiscal Policy Support Needed: EY India!

To Kick Start Growth In The Country, Strong Fiscal Policy Support Needed: EY India!
To Kick Start Growth In The Country, Strong Fiscal Policy Support Needed: EY India!

To kick-start growth in post-COVID India, strong fiscal policy support in the form of stimulus measures is required, according to EY India.

The consultancy`s June edition of Economy Watch stated that the health sector should be the primary focus of the fiscal stimulus package. According to the firm`s June edition, “This could ensure meeting the short-term healthcare demand arising from COVID’s Second Wave and a possible Third Wave besides supporting growth and employment in the economy.”

As per the report, the package should solely focus on income support measures for the vulnerable rural and urban population. It should also focus on making provisions for additional vaccination expenditure as the Central Government`s recent announcement for its commitment to finance 75 percent of the country`s total vaccine procurement.

Besides, the policy should also take care of any additional expenditure, which is directed mainly towards expanding health sector infrastructure.

“Together, these add to Rs 2.35 lakh crore of which around Rs 0.65 lakh crore can be accessed by the restructuring of budgeted expenditure on other heads leaving a balance of Rs 1.7 lakh crore which would constitute an additionally 0.8 percent point of GDP on the budgeted fiscal deficit of 6.7 percent of estimated GDP,” the report said.

“Thus, the fiscal deficit would need to be increased to 7.9 percent of GDP in FY22 to cover the revenue shortfall of 0.4 percent points and the expenditure additionally of 0.8 percent points of GDP,” it added.

The report said that although growth is projected at 8.3 percent in 2021 for India, this masks significant expected economic damage from COVID’s Second Wave.

A few days earlier even the National Council of Applied Economic Research (NCAER) said it expects the Indian economy to grow 11.5% in the June quarter and the range of 8.4-10.1% in FY22 over a negative base, calling for an expansionary fiscal policy to put the economy on a sustainable growth path.