Category: Startup

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Startup

Starting a Business After Retirement? Here Are Interesting Business Ideas That Retirees Should Consider

Retirement (Photo Credits: Unsplash)

We know that there is no age for trying something new! In the same way, there is no age-limit to start a new business and give wings to your dreams. There are things that we love to do and things that we just wish we could! However, in this fast moving world, we hardly get any time for ourselves as we are caught up by our jobs and our daily chores. Once a person retires, the individual usually has a lot of free time and can take up a lot of things to earn and make money even after retirement.

Retiring from service after years of hardworking must really be a noteworthy feeling. While some wait for their retirement age so that they can relax for the rest of the time, some are of the opinion that a life with absolutely zero activity would drive us absolutely nuts!

Even after retirement, people can take up businesses that inspire them or the ones they always thought of doing in the youth. If you are a workaholic and want to try on something that you are passionate about, here are 5 best after retirement business ideas for retirees.

Start Blogging, Write Books

If writing is what you love the most, blogging or writing is the best business idea for you! If you can pour your heart off and are fond of writing, this is the best time to gather all ideas and pen it down. All the ideas and write ups you have had over these years can be published as a book. Who knows, it could be the next best seller or the blog might get famous like a dream come true!

Become a Trainer in Skills

Use all your experience and help others with your knowledge. All the work experience you have gathered all these years, use it wisely in imparting the tricks and training people who are new to the field. If you have been at your best in your work while you were at service, you can share your expertise with others through training.

Financial Advisor

People who retire have actually lived life and experienced the swings in the market. They precisely know how the market functions and what decisions are to be taken when you are financially burdened. If you have managed your finances properly during your work life, you can become financial advisor and help people to effectively use and invest money. Don’t let the experience go in vain!

Take up Teaching

Teaching can be an option for people who have the mastery in explaining things to people. Retirees who enjoy working with young people, might enjoy being a teacher and mingle with students. Universities sometimes hire teachers who have practical experience about the subject so that they can provide realistic ground-level information along with theory knowledge. You can be a personal academic tutor too.

Open an Eatery or Sell Home Made Foods

If you love cooking and if you have the trick to tickle the taste buds, you should think of starting up a startup that serves people with delicious food. Cooking is fun, and you can make this fun-loving hobby as your business. Give it a thought, you are assured of making profit in food-related businesses.

Painting/Interior Decorating

If you have a creative ideas running in your mind, painting or interior designing is just your thing! If you have an eye for colour, good attention to detail why not consider painting or interior decorating as a retirement business and share your creative skills with the world?

If you are planning to start a business after you retire, asked yourself, “Should I be starting a business?”. The answer solely depends on your goals, personality, and retirement income needs. Just keep one thing in mind, there are plenty of benefits to starting a business in retirement!

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Startup

Good News For SMEs! BSE Joins Hands With Yes Bank to Empower Small And Medium Enterprises

Startup Growth
Startup Growth (Photo Credits: Pixabay)

Mumbai, September 30: Bombay Stock Exchange (BSE) on Monday said it has signed a pact with Yes Bank to empower the small and medium enterprises (SMEs) listed on the platform. In a statement, BSE said that the pact aims at empowering the SME segment through awareness and knowledge-sharing programmes.

According to a PTI report, BSE and Yes Bank will conduct knowledge events for SMEs, export promotion of SMEs, in addition to providing banking and financial solutions. The bank will also offer customised services and products to the listed SME members of the platform.

Ajay Thakur, head BSE SME and startups said, “We are happy to associate with Yes Bank and jointly work towards helping SMEs scale and develop themselves. BSE is the largest SME Platform which will provide the SME clients of Yes Bank.”

SME sector generates maximum employment in the country and is a key priority segment for the bank. The bank will remain focused on playing an active role in contributing to this vital economic growth engine and further strengthen the share of the SME segment in the total loan book. The entire objective is to empower SMEs to become more competitive and fast-track their growth through solutions that address their business challenges.

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Startup

6 Benefits How Technology Can Be Beneficial for Your Business

In current times, it is hard to keep up with the latest technologies, particularly if you are not a tech-head. For better growth of your business, you need to understand the importance of what is available to you. Today, technology can help your clientele in a thousand ways.

With the advances in technology, it enables a modest business to work more efficiently in several ways.  Here we listed some benefits of technology for your business. Till now, if you haven’t looked at the idea of introducing the technology in your business, then it might be time for a rethink.

Help in Productivity

When we talk about productivity a technology plays a vital role, you are still reliant on a manual process. Then chances you have a little laid back in your showcasing your efficiency. Technology just not only better personal productivity, but it works great with business operations also as well as their overall productivity.

Fast internet connection, powerful computers, and a list of software related to work are just a few inline benefits of technology. With this, you can streamline your usual tasks of managing your accounts to your sales process.

Securing your Business

Securing your business is one of the premium aspects of a technology play. In the beginning, you know the significance of protecting your business from intruders. In the age of cybercrime, you need to be very secure towards your business in the event of hacking.

As a business owner gaining the trust of your consumer is the most significant factor for that, you need to protect their information securely. That means the involvement of the latest firewalls and anti-virus software on your systems.

Marketing Your Business

With a basic level of technology, use is to market your business daily. From social media to websites is today’s technology, which you use daily bases. The best leverage of technology has been the software tools available just for you, and they have great effectiveness in your marketing strategies.

There are many tools to help you in every stage of your marketing journey, and you can use them to find and find potential customers.

Mobile working atmosphere

Now work is not confined in the four walls of the office area. You and your employees can work from home, car, or anywhere, just required good connectivity to the internet. This way one can create a perfect balance between your work-life balance, with the help of utilizing technology to bridge the gap.

Beat Your Competition

As we mentioned before, technology is a significant help in boosting marketing, productivity, and security too.  When you have these technologies in place, and then it would be easier to beat your competition, as this puts you at an advantage. You can use technology by studying their audience and analytics.

Strengthen your customer service

We all know how important is the customer is for you and your brand. Now technology has taken over human interaction entirely, and it provides significant help in CRM to online chatbots. That makes the process faster, which is beneficial for your brand and the customer.

For making personal touch with, you can always use social media and your website, which will help you improve your brand loyalty.

Technology benefits you and your business, not only one but in many ways. So, if you are still thinking of introducing the technology in your business, then it’s the correct time to get on board with it. We hope the suggestions we gave to you through this article helps you to grow your business to great heights.

 

 

 

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Startup

List of 4 AI-Based Start-Ups Which Will Inspire, Amaze, And Amuse You

मार्केटिंग

DREAM BIG, ACT NOW – is the new motto for success in any start-up now. In the past few years, AI start-up numbers have tremendously increased. Now, many industries have adopted Artificial intelligence for better and security and other purposes.

So, every passing day we get closer towards an AI-first world, and it will be no wrong to say it’s the right time to step into this world and make your mark on it. We all talk and say, in the future world will be run by AI and robots. We listed a few startups who are working hard to bring a great change in transformation in the Indian tech ecosystem.

The fight against Covid-19 is still going on and many companies from the world are leveraging the use of technologies in the best possible way

Ajna AI

Ajna is a Chennai- based founded in May 2020, AI start-up which aims to build SaaS products that deliver a vision-based video Analytics solution. This app currently provides solutions like crowd safety intelligence, automated queue management, and retail video analytics system. Tasks carried out by them are mask detection, social distancing, people counting, safety reporting, crowd density analysis, and risk prediction.

Their focus industry is the retail industry, where they try to solve problems like limited information about customers and their behaviour in-store and many more.

Expertrons

Founded in 2019, Mumbai – based start-up is the world’s first AI video bot- assisted platform. This platform helps aspirants to learn from the interview experience of other experts in the field.

The main motive of the platform is to help college graduates understand the experience of a big organization’s work. The start-up owners say the best way to know how to crack a certain interview when you know from the people who have cracked it. They provide 24*7 interview question- related queries through video-bots of mentors.

Blocksapp.AI

This Hyderabad based start-up has developed an AI-based drone for a monitoring solution for helping police and local bodies in their work. Their drones help in sending an accurate image to the ground station to keep track of the situation. To fight with the Covid-19, solve many purposes like surveillance on hot spots, unsecured locations, spraying of disinfectants by drones Supply, and delivery of essential medicines.

BlueSemi

Another Hyderabad based tech start-up has developed a contactless and wireless thermal scanning device. The best part of this AI-enabled device helps in recording the temperature without any manual interference and is integrated with any healthcare platform.

BlueSemi can be handled by any Bluetooth/wireless device, ideally on a mobile app. We can call this new – age wireless technology helps in minimizing the exposure of healthcare workers by providing useful information at record speed.

Our country is among the top nations to have achieved millions of funding tech-based start-ups. Through their innovation, great minded strategy, and use of impactful use of technology made these startups stand out. We have mentioned just a few start-ups who work on AI-based, but there are many more on the list.

 

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E-Commerce MSME Startup Strategy

Amazon India Helps Women Entrepreneurs, Artisans and Weavers to Double Their Sales in 10 Weeks Under ‘Stand for Handmade’ Initiative

Amazon India. (Photo Credit: Image grab)
Amazon India. (Photo Credit: Image grab)

Bengaluru, September 23: Amid the COVID-19 pandemic, Amazon India came up with ‘Stand for Handmade’ initiative, to help over 10 lakh artisans and weavers and women entrepreneurs. On Monday, the e-commerce portal stated that customers from more than 12,000 pincodes in India purchased a product from the ‘Stand for Handmade’ store front. Due to this, artisans, weavers and women entrepreneurs were helped to double their sales in the 10-week period.

Amazon further added that the ‘Stand for Handmade’ initiative enabled sellers from Amazon Karigar — for weavers and artisans and Amazon Saheli — for women entrepreneurs — to register 3.2 times and 2.1 times growth. Adding more, it said that 32 sellers crossed Rs 1 lakh in sales during the 10-week period while two sellers crossed Rs 1 crore in sales.

Issuing a statement, Director of MSME and Seller Experience at Amazon India — Pranav Bhasin — said, “We are humbled by the response to this initiative as customers from more than 12,000 pincodes purchased a product from the specially-curated store front. With the festive season coming up, we remain focused on helping our sellers further accelerate and grow their business.”

Bhasin added that more than 200 new sellers joined the Karigar programme and benefited from 100 per cent SoA (sell on Amazon) fee waiver. Categories which witnessed the highest overall sales included apparel, grocery and home decor. Also, 508 Sambalpuri weaver families from Orissa were able to seller sarees than could span over 17,738 yards while more than 4,500 Pochampally weavers from 56 villages of Telangana have recovered and were able to resume their handloom weaving business.

Amazon said, “More than 5,200 weavers from Bengal are now back to weaving exquisite weaves on their looms and the lives of 200 Banarasi weavers were positively impacted through sales of handloom Dupattas and Sarees.” It added that more than 8 lakh artisans and weavers from Amazon Karigar program and more than 2.8 lakh women entrepreneurs from Amazon Saheli program benefited from a 100 per cent SoA fee waiver for 10 weeks.

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MSME Startup

NTPC Power Plants to Offer Lands for Industrial Parks of MSMEs Under ‘Atmanirbhar Bharat’ Initiative

NTPC power plant. (Photo Credit: Facebook)
NTPC power plant. (Photo Credit: Facebook)

New Delhi, September 22: With an aim to boost to the government’s vision of ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives, National Thermal Power Corporation Limited (NTPC) has thrown open a vast land bank within its power plants to Indian firms willing to set up industrial parks and manufacturing facilities.

The country’s largest power producer has also invited expression of interest (EoI) from companies and MSMEs for setting up energy-intensive manufacturing plants. The plants for which the EoI has been issued include bulk chemicals, geopolymer, cooling & heating solutions, aluminium, mineral processing (ceramics, tiles, pottery, brick, glass etc), metallurgical and metal industries (foundries, forging, alloys, heat treatment, steel rerolling, etc).

The NTPC in its statement had stated that the pilots would be set up in the NTPC Thermal Power plants at Solapur (Maharashtra), Kudgi (Karnataka) and Gadarwara (Madhya Pradesh). Adding more, the company statement said, “These industrial parks will be subjected to requisite approvals from respective state and central government. NTPC will process these approvals based on responses received in the EoI.”

Apart from this, NTPC’s power plants across the country have evolved into economic centres with robust infrastructure system in place. With this, NOTC is exploring ideas to improve utilisation of land within its plant locations for enhancing economic activity.

NTPC, though it initiatives, will also provide reliable electricity supply at competitive prices to industrial parks. Along with this, adequate water supply, accessibility through road and rail network, robust connectivity with internet lease lines, accessibility to the township, medical facilities and the local market would also be provided to the SMEs. However, NTPC will enter into a separate agreement with prospective entities for allotment of spaces.

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Startup Strategy

The Future of Retail in the COVID-19 Era

रिटेल बिजनेस
रिटेल बिजनेस

The fast-changing landscape is making the retail industry turn from an unorganized to an organized sector. This sector remains one of the greatest industries across the globe. Big moves are marked, in the industry with the introduction of technology, and the retail industry has shown rapid adoption of it very well.

Due to COVID-19, the whole country was under lockdown, which has affected not only the lives of humans but has also hugely affected industries, and they have to cope up with a lot.

Finally, unlock happened after the lockdown of months, and now the retailers have started to evaluate the losses due to the pandemic. Now, the retail industry is hoping to bounce back to the pre-COVID-19 state.

Therefore, consumer behavior is tough to predict currently. Here are the things to be expected post-COVID-19.

Social Distancing the New Normal

After many governments have started allowing stores to open with the rules and set of guidelines for preventing COVID-19, masks are one of the important rules to follow. For running, business owners need to follow these rules by limiting the number of the customer at the store. This will lead to fewer sales, but high-end retailers can achieve it can be achieved by adopting an appointment system.

That’s a true majority of retailers will be facing trouble in maintaining social distancing, and it will affect their business.

Controlling the fear of infection

If you want up your sales, take this serious health emergency seriously, as these health emergencies as serious you can. As we know, people have taken extra careful measures and cautions to avoid the infection. Now owners who are strictly following the rule of wearing masks, avoiding handshakes, sanitization of hands, and doing cashless transactions are attracting more and more customers.

Stores offering these are likely to achieve more sales as the customer will notice business owners care about their health too.

The approach of the omnichannel

There was a time when buying clothes or shoes online seemed like an odd thing to do. Fast forward to today’s time, it’s one of the common and popular ways to shop. The omnichannel approach has raised since the lockdown is imposed as pandemic made this boomed in the eCommerce industry.

This is one of the biggest opportunities that came from retailers to encash the chance and this is a big chance for today as well as gain for future ground.

Due to the pandemic, our life’s work has been thrown us out of order, and we have been forced to accept new normal. The benefit of this hard time approached innovation has taken place.  With the aid of technology, things may get easier to face this difficult time After 4 months of incurring losses of ₹90,000 crores this lockdown, the organized retail sector works every day on new strategies to cope with the game.

 

 

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Startup

Indian Startups Can Now List Overseas Before Going Public in Country

Startup
Startup (Photo Credits: Pixabay)

New Delhi, September 21: In a big relief to Indian startups, the government has finally allowed Indian companies to list abroad before getting themselves listed in India. According to a Moneycontrol report, this was part of a series of amendments under the Companies Act, 2013, including moves to decriminalise various offences and improve the ease of doing business in India.

This move will now enable dozens of loss-making domestic startups to opt for an initial public offering (IPO). The amended law will “permit the direct overseas listing of Indian corporates securities in permissible foreign jurisdictions through an enabling provision.”

Most Indian startups want to list in US, the country which has the maximum investors. In India, the investors and entrepreneurs have ben asking for this amendment for the past few years, because under the current law, loss-making companies are not allowed to list in India.

The coronavirus pandemic has affected the market everywhere, from job losses to companies being shut, the economy of most nations is in the doldrums. Despite COVID-19, global stock markets, including US have held up. Technology stocks have also performed better than many sectors.

The amendment of the law surely comes as a positive sign to the startups who have been waiting to go public. There are reports, that Zomato, Policybazaar, Delhivery have expressed their desire to go public in the next 12-18 months.

 

 

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Startup

Coronavirus Disruptions to Hamper MSME Recovery Prospects, Challenging Operating Environment to Remain For the Rest of 2020, Predicts Moodys

Ministry of MSME
Ministry of MSME (Photo Credit: PIB)

Mumbai, September 18: Credit rating agency Moody’s Investors Service on Thursday said that coronavirus disruption will hamper the recovery prospects of India’s micro, small and medium enterprises (MSMEs). According to an Economic Times report,

Moody’s stated that economic and property market disruptions due to coronavirus will lead to higher delinquences by MSMEs. This will hit the companies’ asset-backed securities (ABS) over the remainder of the year and hurt their chances of recovery.

The credit rating agency expects India’s economy to contract 11.5% percent in the fiscal year ending March 2021. The coronavirus induced lockdown has severely impacted the economy of several countries including India. There have been job losses, businesses have been shut and many SME businesses have also stalled. Moodys informed that demand for SME’s goods and services has fallen along with job and income declines.

The report further states that the government of India’s stimulus measures like guarantees on loans to MSMEs will partially help to alleviate liquidity pressures in the sector but it not help the sector to avert a downturn.

The rating agency further elaborated that they expect the challenging operating environment for SMEs to continue for the rest of 2020, which will also be increasing the risk of loan delinquencies.

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Startup

Govt Launches Artificial Intelligence Solutions Challenge, To Invite Startups to Address Challenges in Healthcare, Agriculture, Education & Other Areas

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

New Delhi, September 17: The Central government on Monday launched the Artificial Intelligence (AI) Solutions Challenge, where it invited startups to develop solutions to challenges in healthcare, education, transportation, agriculture, smart mobility and natural language processing.

According to a Livemint report, the top 15 startups will be given an opportunity to showcase their solution at a virtual global summit on AI—RAISE (Responsible AI for Social Empowerment) 2020—in October. In addition to this, the winner will also receive Rs 20 lakh award. The government will also be adopting their solution to wherever they can.

The aim is to make these startups self-reliant at a time when India has banned 118 Chinese apps over security concerns. The government has been urging Indian startups to come forward and fill the gap.

Last month, Ravi Shankar Prasad launched “Chunauti”- Next Generation Startup Challenge Contest to further boost startups and software products with special focus on Tier-II towns of India. The government earmarked a budget of Rs. 95 Crore over a period of three years for this programme. The aim is to identify around 300 startups working in identified areas and provide them seed fund of upto Rs. 25 Lakh and other facilities