Category: Startup

Categories
Business motivation Startup

Cofounder or No Founder? Two Fundamental Rules For Entrepreneurs To Find The Right One!

Two Fundamental Rules for Entrepreneurs to Find the Right Cofounder for Startup!
Two Fundamental Rules for Entrepreneurs to Find the Right Cofounder for Startup!

India has more than 30,000 startups, making it one of the leading startup ecosystems in the world. A key common factor in all the startups is that they have two or more co-founders. While many amateur entrepreneurs feel that this is the ground rule to go about it, there are many solopreneurs like Paytm`s Vijay Shekhar Sharma, SHEROES` Sairee Chahal, CRED`s Kunal Shah, and Chai Point`s Amuleek Singh Bijral who are doing well, while riding solo.

Apart from selecting a brilliant startup business idea, another factor that often confuses Indian entrepreneurs is—choosing the right cofounder!

Choosing the right co-founder is like choosing the right partner for marriage. It is one of the important decisions you have to make not just for your startup but also for your overall startup journey. It is not a surprise that people spend more time together with their cofounder than with their actual spouse.

However, just as a lot of marriages end in divorce, the interpersonal conflict between the partners is the second or third most common reason for startup failure.

Even though the decision to find or not to find a co-founder is tough, making a startup work on your own is much more difficult.

So, if you are a budding entrepreneur and in a dilemma, whether you should go solo or choose a cofounder, let us help you out. According to a report by startup investment fund First Round, “teams that have cofounders performed better than the solo founders by a whopping 163%.”

Finding a co-founder has three major benefits:

  1. When you have a partner who is equally focused on the same goal, the overwhelming workload gets divided which is required to make a new venture successful.
  2. Motivation and accountability to each other.
  3. Two heads are always better than one as it provides a unique point-of-view from a person who is equally invested in the project.

But how should you find the right partner for your startup business? Here are two major rules you should follow to find the right person for your venture:

1. Ensure That Your Values & Expectations Are Aligned

The best person to start your venture with could be your ex-colleague because you already have experience working together. However, if your skills match with your college friends, they could be your ideal co-founder.

If you do not have people in your immediate circle who would like to embark on the journey with you, don`t lose hope. You should let everyone in your network that you are looking for people who can help you turn your startup business ideas into a full flourishing venture.

If this too does not work out, you can start working upon a fantastic startup business plan on your own. Be active in your group of networking, and always keep your eyes wide open to look for people who could be a good fit. There might be a possibility that co-founders will join you at a later stage.

Once you do, make sure that you get to know each other as fast as possible. Don`t just share and discuss ideas, but also talk about ideologies and values. Ensure that you both are on the same page when it comes to working. Clarity is the power! Hence, it is best to discuss and share these things as quickly as possible to avoid major problems that could arise in the future.

2. Make Sure your Skills Complement Each Other

There is a cliché that each startup tech needs at least a hacker and a hustler. So whether you are looking for an employee or a co-founder, the key is to find one of the two if you are the other. For instance, if you are a marketing team, make sure that you attract high-quality technical talent to your venture. You can also hire consultants if you can afford to.

Or if you are a technical person, then you must realize that you will need someone to sell your product and idea to have a chance of success. One of you will have to stay in contact with the stakeholders all the time.

In short, always look for someone who complements your skills and aligns with your values and long-term business planning goals.

Owing a business is incredibly rewarding, but to keep it up and running needs professional expertise if you are an amateur. To know how to build a startup from the scratch, you can take the ‘Entrepreneurship  Course’ to gain in-depth knowledge about different aspects of the business.

Categories
Startup

How To Discover What Kind Of Business Should You Start?

How To Discover What Kind Of Business Should You Start?
How To Discover What Kind Of Business Should You Start?

Whether it is a catering business or a packaging business, tiffin service, or a coaching center, starting any business takes a lot of time, effort, money, planning, and effective strategies. And while you must have come across millions of blogs and articles about plenty of interesting startups business ideas, nobody would tell you in those lengthy blogs about which business should you start with.

Many aspiring entrepreneurs though share the similar goal of starting a small business, but they do not share similar interests and personalities. While some have personalities that make them great candidates for the education industry, others might feel more inclined towards hospitality. But with so many amazing startup business ideas with low investment, it can be difficult to decide which kind of business you must start with your hard-earned penny and valuable time.

Many successful businessmen have experimented with different ideas before nailing with the perfect one. But you do not have to repeat the same mistakes. Here are five questions that you should ask yourself before picking up the right business for you:

1. What are you passionate about?

Passion is the key to many innovations that happen every minute across the globe. It not only excites and motivates a person but also makes anything more exciting and gratifying. So ask yourself what are you passionate about? What makes you happy? What is that one thing that you keep thinking about?

For instance, if you are passionate about making an impact on thousands of people, you can become a motivational speaker or a business coach.

If you love solving puzzles, you can start a business consulting firm in India. These startup businesses need low investment and can be a good business idea for someone who loves interacting with people. Similarly, for a person who is not so keen when it comes to communicating, starting a consulting firm will be the wrong business idea.

Pursue what excites you and assess what does not!

2. What are the current industry trends & business models?

Ask any business coach about one important factor you should consider before starting a startup and he or she will suggest you analyze the current market trend. No, we are not saying that you should start a business just because it is trendy. But keeping an eye on the industry trends will give you an idea about what is in great demand and if your business will have customers.

For instance, it will be not wise to open a DVD rental shop in 2021 when NETFLIX and Amazon Prime have taken the lead. Hence, make sure that the business you are investing in will survive for a longer duration.

3. Always play by your Skills & Abilities

Self-awareness is a superpower for the personal as well as a professional sphere of life. Knowing what you are good at and what you are not can make a huge difference in your success.

For instance are you detail-oriented or do details make you break in sweat? Starting a bookkeeping business for someone who hates spreadsheets would result only in a disaster. But if you are someone who loves to come up with creative designs, starting a graphic design or a website design business would be an ideal fit for you. A great business coach can help you assess your strengths and weaknesses.

4. How much money are you willing to invest?

There is an African proverb that says, “You need to cut your cloth, according to your size.” So how much money are you willing to invest in your business should be a significant question that every entrepreneur must ask before starting a startup business idea.

If you want high returns, then starting a multi-unit franchisee across a variety of brands could be a better business idea, considering you have that much money to invest in.

5. What is your biggest ROI?

Just like we have different goals behind working full-time in an organization, the goal behind starting a business may vary.

Ask yourself what do you view as the biggest return on your investment in your business? Is it the money or the time with family? Flexible work schedule or do you want to leave a legacy behind?

People have different motivational factors in their lives. You must find out yours. After reviewing these questions, you will find clarity on your priorities, passion, and your values. This will help you to narrow down the right business for you.

Owing a business is incredibly rewarding, but to keep it up and running needs professional expertise if you are an amateur. To know how to build a startup from the scratch, you can take the ‘Entrepreneurship course’ to gain in-depth knowledge about different aspects of the business.

Categories
Startup

5 Key Factors Entrepreneurs Should Focus On For A Successful Startup

5 Key Factors Entrepreneurs Should Focus On For A Successful Startup
5 Key Factors Entrepreneurs Should Focus On For A Successful Startup

Success never comes easy! This is true. But there is no reason to make success hard when it is easy. However, it is shocking to see so many entrepreneurs continue to come in their way by focusing on the wrong things on their journey.

Most often than not many entrepreneurs focus on the things that they don`t know at first. It results in frustration and they eventually get stuck. It is very important to take tasks that you are good at first.

Focusing on the things that you can do will motivate you to keep going and to gain momentum. Focus on the easy parts, and then come on to the more difficult aspects of building your startup business. Even the best motivational speaker in India like Dr. Vivek Bindra agrees with the idea. He says, when an entrepreneur starts doing easy things first, he will build enough momentum that will help him or her to maintain the productive focus.

So, what exactly entrepreneurs must do to ensure that their business meets success at a very early stage? Here are 5 basic skills that will help young entrepreneurs to achieve success:

1. Focus on What Works the Most

Many entrepreneurs waste a lot of time focusing their time and efforts on expensive details. Though they believe that they will succeed, however, they lack the basic business skills and common business sense to back that belief.

Instead of focusing on creating their branding or marketing strategies, they often get occupied with perfecting the font on their logo. Business owners like these often make it hard for themselves, to find success and witness a boost in their profits, instead of making it easy by trusting the process.

Obsessing over perfection or the wrong details is not very productive. Entrepreneurs must learn to prioritize and how to manage their time.

2. Avoid “Squirrel Syndrome”

It is very common for an entrepreneur or a solopreneur to get entangled in various aspects of a business, and lose focus. When this happens, many people start looking for the next ‘IT’ thing to focus on, instead of trying to prioritize their subjects. This is called Squirrel Syndrome.

Jumping from one new idea to another makes you unfocused and restless for not accomplishing enough at the end of the day. Refocus by taking the time to work on one project or one direction in which you need to head towards. Work on it and turn off all distractions. Every time to take de-route, it takes much longer to reach success. You can also take online business courses for entrepreneurs to learn how to set goals and achieve them.

3. Focus on Result Oriented Activities

Whether you are a student-turned-entrepreneur or a business owner with an established brand, the focus is one of those basic but critical habits that are crucial to be successful. Start focusing more on day-to-day business activities that you are good at and they produce extraordinary results too. Spending time and energy doing the tasks you are good at helping you reap the biggest results.

4. Multitask Mindfully

Multitasking is a term that has got many advocates. But the truth to be told, doing many things at the same time can decrease your productivity. However, if you plan to do it strategically and mindfully, you can stop reacting to distractions. By remaining mindful, you can determine how you need to focus on a new situation and check-in with yourself. You can learn this crucial skill by hiring the motivational speaker or a mentor.

5. Build One Big Project at a Time

Entrepreneurs are highly creative people with amazing startup business ideas. It is difficult to turn off the desire to act on multiple ideas at once. But, starting multiple projects at once may have your mind and heart all over the place. Your attention will be split, and you will face troubles in achieving anything at all.

Thus, it is best to pick creative projects first as they will require your complete attention, focus, and creative juices as well. Make a list of all the tasks that you need to accomplish each day and stick to it. You will get a lot more done if you focus on the right thing at the right time. Giving your attention to the things that are not productive will not take you anywhere near to success.

You can learn how to stay focused and handle big projects in a startup business from our ‘Entrepreneurship Course’. You can get step-by-step business strategies and in-depth practical knowledge on how to get new business projects with ease.

Categories
Business motivation Startup

5 Ways A Business Coach Can Help You Grow Your Startup!

5 Ways A Business Coach Can Help You Grow Your Startup!
5 Ways A Business Coach Can Help You Grow Your Startup!

No matter at what stage your business is at, a great business coach can make you work smarter and can help you to motivate to achieve success faster.

From helping you to keep your ego in check to helping expand your network, there is nothing that a business mentor won`t do to help you navigate through the business challenges. If you select the best business coach in India, you will be provided with both the tools and a fresh perspective that you need to go from point A to point B.

Today, from entrepreneurs to big organizations, the importance of a fresh new perspective from an expert is highly in demand. Once an organization attains success, they tend to become complacent. Hence, they realize that an outside view is crucial to push them towards their ultimate goals.

If you are on the verge of hiring a business motivational coach, let us assure you that it is worth the investment. Here are five different ways in which an ideal mentor can help you to avoid falling into the pitfall and move forward:

1. Identify Pitfalls

Running a business involves a lot of things that only a great mentor and good online business courses can teach young and aspiring entrepreneurs about the different dynamics of business. So before you close your books for the financial year, take a hard look at your business performance. Then consult with your mentor as he will work with you and will surely find specific areas for growth.

Your mentor will with you to find out more gaps and pitfalls and will ensure that those pitfalls don`t cost you any more than they may already have.

2. Put Light on your Blind Spots

An ideal business coach can see things that entrepreneurs or small business owners can often miss. But, if you want to see your business climbing the ladder of success, it is very crucial to clear out the blind spots. You want to be able to foresee things before you make a plan. A mentor can shine a light upon the things you may overlook or miss and can drive you to face them head-on.

3. Boost your Strength

Strength is essential- not just physical strength, but also mental strength. Many entrepreneurs after achieving success in their initial stage become complacent. They enjoy their laurels and believe everything is fine. A business motivational coach will help you identify your potential. He will push you to increase your strengths, and that is how he helps you to bridge the gaps wherever you are lacking in your business.

4. Helps you create a Roadmap

If you don`t have a plan, your business has no future. Having a solid plan can provide you with an outside perspective, which is why many companies partner with the best business coach in India. A mentor helps you by addressing the shortcomings and creates benchmarks by putting the expertise together to accomplish your goals. This ensures that you have a plan which is a built-in strategy instead of relying on just a sheer fluke.

5. Push you out of your Comfort Zone

To build a startup from the scratch, strong networking is very helpful. But not every entrepreneur is an extrovert, some are introverts too. If you are an introvert, you need to hire the best business coach along with taking online business courses for entrepreneurs.

It is easy to get occupied in their business world. A mentor will help you push out of your comfort zone, meet new people and try new things in the business. Even extroverts can get caught in challenges; a mentor will push you out of them.

Focus, perspective, strengths, and out-of-the-box thinking are some of the benefits that a business coach can add. But there are plenty of more. However, it is very important to hire the best business coach in India.

Get practical solutions easily with our ‘Entrepreneurship Course’ which is an online business course for entrepreneurs. It is a step-by-step learning strategy, action plan, framework that are designed to empower you with various business functions.

Categories
Startup

5 Emotional Challenges Entrepreneurs Must Overcome When Starting a Start-up!

5 Emotional Challenges Entrepreneurs Must Overcome When Starting a Start-up!
5 Emotional Challenges Entrepreneurs Must Overcome When Starting a Start-up!

For every entrepreneur who has pursued his or her dreams and attained success, many others don`t make it past doing a first draft of a business plan.

Wondering why? Only because of one factor that is absent in the successful entrepreneurs and present in the heart of those who couldn`t just get past it.

Fear of failure.

Fear is a human emotion that actually forces us to think rationally and not just jumps off the clip. But, when not handled carefully, it could mislead us. It can also trick us into believing that we are not capable of fulfilling our dreams, especially when we want to start afresh.

It does not matter how many times entrepreneurs tell themselves about their goals; the fear of failure arises, challenging them at every single step. Therefore, many people take help from a business coaches to understand the dynamics of the business world.

Review this list of seven things a young and aspiring entrepreneur might fear, and learn how it is possible to overcome them:

  1. Confused about the First Step

After an entrepreneur sets his or her ideas in motion, the next step is to implement them. This is where most of the entrepreneurs feel clueless. This sense of confusion instills the fear of the unknown and many ambitious minds back off.

However, stepping back is not the solution. Start by finding someone who has achieved the goal which you have set for yourself. Read about that person and you will know that if she or he has achieved success, so can you.

You can also take help from a business motivational coach who will give you wings, yet keep you grounded with rationality. Just take the first step forward and do what makes sense. The path will reveal itself as you continue to walk.

  1. Not being an Expert

Probably, you know sufficient about your product and services that you are planning to introduce into the market, and to answer the lion`s share of questions. Your knowledge is enough to resolve the challenges that may arise.

So, don`t worry if you feel that you are not a complete expert in the field yet. Slowly and steadily you can find answers. Keeping yourself updated with the latest trends in the market will also help. You can take online business courses for entrepreneurs for continuous growth.

  1. Being Considered Impulsive & Crazy

There are seven billion people in this world. And guess what? Not even 10 people out of 7 billion will think alike. Hence, it is okay if some people will think you are crazy to quit your high-paying comfortable job to start a new business.

While starting your own business might give you a label of a crazy soul, the safest and rational thing to do would be to spend your entire life working for someone else.

If you will ask the best motivational coach in India even he or she would tell you that it`s the crazy ones who have the ability to make a difference in the world.

So, step out of your limbs, believe in your talents, and start ahead! Sooner or later others will get convinced too!

  1. Not able to raise Funding

Being an entrepreneur would have been like a cakewalk if only every person with an idea can slide into a conference room to attract an angel investor or waltz into a bank to receive a loan. Since the reality is different, entrepreneurs must start their business even without investors.

Even if you do not have the capital at first, you will soon figure out a slow and steady process of building the business. Sometimes better decisions are made when we are forced to take our own sweet time with things.

  1. Failed to Attract Customers

Taking risks is scary and anticipating if your skills will be valued in the market is even more terrifying. But unless you begin your startup with a set of audience who are ready to put their money on you, not many people will immediately knock your door down.

If you approach your business positively with joy and consistently deliver exactly what you have promised, you will certainly experience an increase in the number of customers. You can also take help from a business motivational coach and come out with effective marketing strategies.

You can also take online business courses to increase your level of expertise. But do not forget to be kind to yourself because you have made it quite far and you will achieve more.

The above-mentioned challenges are the most common that every entrepreneur is afraid of. However, hard work has no substitute. When problems arise in business, as an entrepreneur you should have confidence in yourself to complete the game.

Do not be afraid when you knock the pins down.  Set the pins back up and play again!

You can take our ‘Entrepreneurship course’ that is tailor-made to help entrepreneurs navigate through the challenges of business.

Categories
Startup

Indian Startups Gear Up For T-Angel Program As T-Hub Announces 2nd Batch Of Funding!

Indian Startups gear up for T-Angel Program as T-Hub announces 2nd batch of funding!
Indian Startups gear up for T-Angel Program as T-Hub announces 2nd batch of funding!

Hyderabad-based T-Hub, which is leading India`s pioneering innovation ecosystem has announced the launch of its redesigned funding program- T-Angel. T-Angel will aid the startups funding needs amid the COVID-19 pandemic.

This funding program will be supported by various angel investors who will invest collectively up to INR 50 Lac in each startup that will be qualified for this program.

T-Angel is a 45 –days acceleration program for which around 15-20 startups only with innovative and leading-edge solutions in the various sectors will be shortlisted. The program for the shortlisted chosen startups will then begin in July 2021.

The process of shortlisting startups involves inviting applications after an extensive screening process by a 5-members committee of mentors and investors. The program will emphasize understanding and resolving two pain points of a startup that are the major roadblocks and hindering the chances of raising capital.

A customized framework and plan would be developed for each of the startups with specific interventions. Subject matter experts will also assist the startups to come up with a more refined business plan and an investor pitch deck. The committee will then evaluate the startups and will decide on the investments, which is up to INR 50 lakh for the qualified startups, in three tranches.

According to Ravi Narayan, CEO, T-Hub, “T-Angel’s existence has been tailored to solve the issue of entrepreneurs’ awareness of what the angel investors are looking for. T-Hub believes that there are plenty of investment-ready technology startups, provided they learn the fundamentals from an investor’s perspective.”

Any startup across India can apply to be a part of the program as the applications are opened on 17 June 2021 Thursday. The last day for sending applications is June 30, 2021.

Categories
Business motivation Business Startup Ideas Startup

5 Best Non Tech Business Ideas You Can Start In 2021!

5 Best Non-tech Business Ideas You Can Start In 2021!
5 Best Non-tech Business Ideas You Can Start In 2021!

Are you looking to launch a startup in 2021? Do you have the potential to build a profitable business but not trying due to a lack of technical skills? Do not lose heart because there are some of the best non tech startup ideas waiting for you in this article.

The term “startup” in today`s world often paints a picture in our heads of a business that has something to do with modern-day technology. Technology is an essential aspect of every business today without an iota of doubt. However, it certainly does not mean that every business needs to be technology-based.

While some entrepreneurs might jump with excitement about launching a new app, for others the idea of technology being so complex can be quite intimidating. There are multiple non-tech startup ideas that young and aspiring entrepreneurs, solopreneurs, and wantrepreneurs who lack technical skills can use to and start their entrepreneurial journey.

We have compiled a list of the five best small business ideas that involve minimum to zero technical knowledge and you can start them in 2021:

  1. Interior Decoration

Many people in India want to decorate their homes in an elegant and sophisticated way. However, they do not know the drill and stay confused about where they should begin. If you have a knack for revamping homes and possess an ability to go into details, Interior Decoration can be your best bet.

Good interior decorators are either expensive or hard to find. You can begin on small scale and later can expand your business. There are certain online tools related to designing as well that do not require advanced knowledge of technology and can be easily learned.

  1. Franchise

Think of a franchise as a “plug & play” business that comes with an organized system and a business structure in its right place. If you do not want to take much risk, becoming a franchisee of a well-established brand is the ultimate money making ideas.

For a fee, you can receive a popular and fully established brand catering to a certain demographic area. It could be apparel, furniture, a café chain, a food chain, or an edtech startup-like Bada Business. To become a franchise partner is highly beneficial for someone new to the business world, and starting afresh.

  1. Online Tutoring

Do you have an upper hand in any subject? If yes, then you can start taking online classes. Whether you excel in music or have a solid grip on physics or chemical equations, with online classes you can generate a new source of revenue.

Today, almost everyone is using social media platforms like Facebook or Instagram, Google Meet, or Zoom meetings. You too can pursue your entrepreneurial dream by using one of these platforms to take classes. It is one of the best small business ideas that you can start with zero or minimum investment.

  1. Painting Business

A good piece of art can give meaning to this world. From living room to bedroom, workplace to the boardroom, a good painting can not only enhance the beauty of void space but can also fetch a great price. If you are blessed with creative instincts, you can start selling your masterpieces for a good price. However, you can also start exhibiting the work of other artists via painting exhibitions and earn good revenue.

  1. Kids Party Planner

Planning a birthday party for kids is not child`s play. Kids have free imagination and innocent concepts when it comes to their birthday parties. From fun activities to delicious food, there is a lot that needs to be taken care of. If you are good at managing parties and events, you can also become a kids` party planner.

To start one of the above-mentioned business ideas, you neither require a lot of investment nor you need to be technically sound. These money-making ideas need a solid business plan and never-ending determination and passion to pursue dreams.

It is also true that once you start a business, you will face many unknown challenges. However, fret not! With our ‘Problem Solving Courses’, you can find creative and practical solutions to your burning business problem.

Categories
Business Startup Ideas Startup

5 Reasons Why Franchise Business In India Is A Golden Opportunity For Entrepreneurs & Solopreneurs!

5 Reasons Why Franchise Business In India Is A Golden Opportunity For Entrepreneurs & Solopreneurs!
5 Reasons Why Franchise Business In India Is A Golden Opportunity For Entrepreneurs & Solopreneurs!

2020 was a tough year. And so is 2021. Many businesses are forced to shut. Businesses that survived the wrath of 2020, couldn`t bear the disasters of 2021 and disappeared into the darkness of uncertainty and financial crisis.

Many companies had to take the difficult decision to lay off their employees while carrying the health concern for both their customers and families. What had the potential to be a great year quickly became another year of waiting for the worst to be over in India.

It’s no secret that the events have inflicted damage on the global economy. Many people are looking for new ventures to start on their own and a franchise business in India could be a golden opportunity for them.

According to a report published in Franchise India, “franchising in India has clocked the annual growth rate of 30% with market size of USD 7.2 billion. This makes India, the second-fastest-growing industry.”

If you are looking to start your own business, there are many franchise ideas for small towns and cities that are thriving even during an economic or pandemic crisis. Watch, Million Dollar Franchise Business During Covid 19, here:

Here are five reasons why you should consider franchising in 2021 and more years to come:

  1. Successful Franchise Business Creates Employment

Where many businesses had to shut down or reduce their workforce, many businesses like Bada Business continued to grow and were able to prosper, remain profitable, and even hired more workers. Many franchises of Bada Business had a stable and successful business system. With its premium quality content, services, and products, many franchises across the country witnessed a surge in their customers and continue to attract customers, even today.

  1. Franchise Business Provide Support & Structure

When you come up with a small business startup plan, you are on your own. From capital investment to sales & marketing, business strategies to business structure, you will have to figure out everything. On the other hand, when you take a franchise of an already established business, you are provided with a systematic approach, structure, and support system that is already successful. Franchise business in India is far less risky than a do-it-yourself endeavor.

  1. During a crisis, Franchisees are not Left Alone

As we said earlier, being a franchise partner of an already established and popular brand provides you with a solid team. They share effective business techniques and best practices to enable their franchise partner to tackle unexpected circumstances, which is way better than independent business owners who learn after spending years in the same business.

  1. Provides more opportunities to minimize Expenses

Purchasing inventory from a larger network helps the franchise partners to keep their expenses down. During a crisis of any kind, this also helps them to stay competitive. Franchise business partners also have an added advantage to stay upgraded and updated with the latest technology as the franchise brand provides them with new technology and software to help them stay ahead in the market.

  1. Provides name recognition

Taking a franchise of a well-established and popular brand comes with its perks. The topmost benefit is that even during the hard times a brand name has the upper hand and attracts customers automatically. As the customers already relate to a particular brand, their loyalty will bring them to your shop because of the brand value.

Any popular brand is known for its consistency, and quality, which results in a customer`s loyalty and confidence in the product or service. This simply means that you do not have to invest money in marketing and advertising, as customers already connect with the brand.

Owing to a business, be it a franchise business in India, or an independent business, demands a determined entrepreneurial spirit. Depending on the industry, each franchise business has different requirements. But in general, to run a successful business you need great leadership skills, strong organizational and communication skills, plus a willingness to understand a whole new world of business.

Many times, people who lack awareness regarding their career, also take help from a business motivational coach to understand the dynamics of business.

To know more about building a business from the scratch, you can take the ‘Entrepreneurship Course’.

Categories
Business motivation Startup

Covid-Proof & Recession Proof Business Ideas To Start In 2021!

Covid-Proof & Recession Proof Business Ideas To Start In 2021!
Covid-Proof & Recession Proof Business Ideas To Start In 2021!

The year 2020 came with its own share of problems. And while we thought 2021 will bring some relief, it is needless to say that this year was nothing less than a nightmare. However, if there is one thing that we all must learn from living through pandemics and lockdowns, it is to understand that a lot can change in a year.

While many people lost their jobs, many others became entrepreneurs. In 2020 along, more than 15 startups joined the elite Unicorn Club.

The pandemic has turned the tables around. Many businesses also went downhill as the year progressed due to the lockdown restrictions and economic crisis. It forced the business world to come up with new solutions and startup plans for new business opportunities.

So even though we were stuck inside our homes, many businesses found a way to stay afloat with the ‘Hassle-Premium’ approach. The bigger hassle a product or a service resolve, the bigger premium a business receives.

With the recent events of 2021, many are not putting too much hope into the year ahead. However, contrary to the popular belief, if you have the passion and unique MSME startup business ideas, this could be a perfect year for starting your company.

If you do not have any ideas, worry not! You can discover 25 Business Ideas that you can start this year with low investment. You can also watch video on this:

We have hand-picked three brilliant covid-proof and recession-proof startup plans for a new business that you can start with low investment in 2021:

  1. Online Prasadam

Every adversity comes with an opportunity; all you need is an eye to spot it at the right time. India is a land of religious culture and tradition. With the lockdown imposed all across the country and the fear of the virus, many religious places in India are closed. People are unable to go to temples, let alone their pilgrim journey to Kedarnath or Badrinath.

However, this also offers a great opportunity to start a business of sending online prasadam. To start this business, you will need minimum manpower. You can set up a call center to offer customers the service of providing online prasadam.

As the customers cannot visit the holy places, they will be more than happy to make their offerings to God. You can charge these customers with a minimum amount and you can deliver them online prasadam after offering it to their respective deities. This will not only make them happy but also give them the inner strength to fight the uncertainties of the current situation.

  1. Office Furniture on Rent

The current COVID-19 pandemic has forced organizations to embrace the concept of work-from-home. Apart from the essential and front-line workers, everyone is working remotely. However, not everyone has a working setup at their homes.

Most people spend half of their time on their beds with their laptops, while others have become a couch-potato. This new normal work routine has given rise to neck and back pain.

One can start a new business by providing office furniture for rent. Where the furniture in many companies is getting mounted with dust and dirt, many employees are looking for an affordable office-home set up. So why not use this opportunity to start up a new business plan?

You can take furniture from the companies on rent and can provide it on rent to those who are looking for a temporary makeshift office set-up right at their homes. Find creative solutions to modern problems, and nobody can stop you from becoming a successful entrepreneur.

  1. Provide Online Tools for Schools

In this new era of learning, technology plays a key role in the process of teaching. If you have a technological background, this can be a brilliant MSME startup ideas. Due to the pandemic, all the colleges and schools are closed. Many small schools cannot afford the expensive setup and technology for online classes. You can develop an online educational tool that connects teachers and students, among many other things.

Not only schools, but you can also provide online learning tools to colleges and institutions as well. You can integrate many other features that will let the administration measure student performance, communication with parents, educational materials, and assessment tests.

Every crisis is an opportunity in disguise. Every breakdown comes with a breakthrough. Every hopeless end can give you endless hope. All you need is true determination, passion, and zeal to follow your dreams.

Every trend comes with numerous startup plans for new business ideas. If you already have an idea but are not sure where to start, then you can take online business training courses. You will a takeaway lot of key learning without which a business can never grow.

If you are an entrepreneur, but your business growth is stuck, you can take ‘Problem Solving Courses’ that cover multiple topics in detail and help you with your business challenges.

Categories
Business motivation Business Startup Ideas Startup Webinar

How to host a successful webinar? Top 3 Impactful ways to Host a Webinar that your Audience will Love!

Webinars are dime a dozen. The webinars have flooded the internet over the past few years. And according to a report by Content Marketing Institute, “more than 60% of the digital marketers are currently using webinars as part of their marketing strategies.”

As successful webinars especially for startups are becoming one of the most effective and profitable ways of attracting potential customers, more marketers are beginning to take advantage of them.

Many of you will find it unbelievable. But do a quick Google search for the term “webinar” and you will be presented with more than thousands of results. You will feel like you have entered into a webinar jungle. But the key is to not get lost in the webinar jungle just yet.

There is a reason why the concept of the webinar is becoming increasingly successful and popular. And out of all, the primary one is- that they WORK!

However, there is a catch. A webinar becomes successful only if done correctly. And guess what, the road is far from easy!

Boring, bland, and beige- most of the webinars are just that. When was the last time you attend a webinar that was exciting, engaging, and informative- all at the same time?

A successful webinar can convert visitors and subscribers into real customers because they have already signed up for it and looking for exactly what you have promised to deliver. People love practical guidance because it helps them.

So if you are looking to host a successful webinar for your business startup, here are the top three most essential and effective ways to have one:

  1. Quality Content is Paramount

If you have decided to host a webinar, of course, you are interested in sales. After all, you are not shedding money for a bunch of free leads to watch your webinar for no reason. However, focusing too much on the end sales and not enough on content is one of the biggest mistakes that people make.

Content is imperative to make a webinar successful. Good quality content is imperative. And you cannot sacrifice with it. Do not ever compromise with the quality for the sake of quantity, speed, or a potential sale. It Never Works!

So how can you create engaging content without ever sacrificing the quality?

There are three components and three simple ways to do it. And to make it easier for you, we are revealing them all, right here.

a). Presentation– Does your webinar looks professional? Do you have a speedy internet connection? What is in the background behind you? Have you practiced sufficiently? Your users will judge your webinar on visual appeal.

Also, it is essential to remain mindful of your customers while creating content. If you are marketing to a less professional audience, less professional materials will resonate more with them.

b). Storytelling– Do you think you are an entertaining storyteller? Can you present your content clearly and concisely? If yes, then you are good to go! If you struggle in this area, you can also hire a ghostwriter or a copywriter to assist you in your webinar production.

c). Interaction- Last, but far away from the least is Interaction. Interact with your audience. Answer their questions. Resolve their queries. Provide feedback and your expertise, all in real-time.

Also, do not talk about your product until the very last of your presentation.  Provide great content first, and sell at the very end.

  1. TIMING is ESSENTIAL

Timing is everything! And when it comes to webinars, it is crucial in a couple of ways.

Firstly, decide when you want to host your webinar. Pick a time that will be convenient for you as well as your audience. Secondly, do not start promoting or advertising your webinar a day before. Start advertising about it at least a month before. Also doing a countdown on your webinar is recommended.

Lastly, decide on the length of the webinar. What should be the duration of your webinar? As your audience is busy, you will be taking a chunk of their precious time. Respect it. And try to keep your webinar for 30-60 minutes.

  1. PREPARATION

Prepare, prepare, prepare as this is the most important key to host a successful webinar for startups. This is not the place to miss it.

Pick an appealing and compelling headline. Shoot a short video, reel, or write a short blog to tell people what they can gain and learn in your webinar and, how that knowledge will add value to their life.

Then start advertising it on all your social media channels. Always ensure that the webinar is free and/or it’s a limited-time opportunity. If this is the first time you are hosting a webinar then practice your presentation skills.

Your speech should sound casual, conversational, and natural. Practice it, until you get it right. Do not hesitate to ask for help. You can also take a professional`s help in nailing the webinar.

With the above-mentioned tips, your webinar will be a hit! Have any of your tips to add? We would love to hear them.

If you want to learn how to host a successful webinar for your business startup, you can take our ‘Problem Solving Courses’, where every business challenge has been provided with practical and easy solutions.