Categories
Finance Motivational

Top 5 Investment Lessons From Rakesh Jhunjhunwala For Young Investors

Top 5 Investment Lessons From Rakesh Jhunjhunwala For Young Investors
Top 5 Investment Lessons From Rakesh Jhunjhunwala For Young Investors

Summary: Rakesh Jhunjhunwala is an investor with a midas touch. He is famously known as the Warren Buffett of India. Here are five investment lessons that will turn you into an ace investor.

Want to become a successful investor? Then why not learn from someone who has turned his 5000 rupees investment into INR 39,527 crores. Rakesh Jhunjhunwala, who is popularly known as India’s Warren Buffet started trading in the stock market back in 1985 during his college days. At that time BSE Sensex was at 150 points. He started investing with Rs. 5,000 as capital.

According to Forbes, his net worth stood at $5 billion (Rs 39, 527 crores), as of July 5, 2022. Rakesh Jhunjhunwala is not only one of the most successful investors in India, but he is also the most trustworthy and sought after by business moguls.

If you too want to learn some of the most useful lessons from the stock market, here is a list:

1. Don’t Rely on others Develop Passion For Stock Market Instead

When it comes to investing in the stock market, most often people rely on others for investment tips or suggestions. But Rakesh Jhunjhunwala suggests otherwise. His advice for the investors is to develop a passion for learning about the stock market by reading and talking with people who are seasoned investors.

Sharing his own experience he says that he used to ask his father about the nitty-gritty of the stock market. And that fascinated him, which eventually led to his passion for investing. Initially, he failed multiple times, but his interest never seemed to fade away.

You too can hire a business coach who can give you sound advice based on his years of experience and knowledge to help you grow your startup business.

2. Patience Is a Virtue

Investment is a long-term proposition. If you are looking to make some quick bucks, you will have to face disappointment. To become a successful investor, you need to be aware that it will take a decade or more to see the results of your investments.

Rakesh Jhunjhunwala is a long-term investor. His investments did not give results overnight. He’s been investing in Titan Company Ltd, for over two decades now and has made over 1,000% returns on his initial investment in the stock. He says, “one should always invest in a company’s business, not its stock.” He does not sell shares even during a short time drop or stock market corrections.

3. Be Ready to Grab an Opportunity

One of the most key lessons from Rakesh Jhunjhunwala is that as an investor you should be ready to grab an opportunity. He firmly believes that the volatile nature of the market is what creates opportunities.

According to him, as an investor one must have the risk-taking ability. And you will never make money if you are afraid to lose it because the stock market is a game of nerves. Stock market success depends upon your character and temperament rather than on any other factors.

4. Avoid Investing Money Impulsively

Some people invest in a stock and that stock goes up. So, he or she decides to invest in another one impulsively rather than thinking logically. Making an emotional investment is one of the biggest mistakes that anyone can make while investing.

Jhunjhunwala believes that investors should learn how to control their emotions and behave like machines when it comes to making an investment decision. If you are a consistent investor, you need to have faith in the economic cycle and your investment philosophy.  To be a great investor you need to go against your impulses and instincts and embrace some counterintuitive behaviors.

5. Invest in Businesses which is Hard to Replace

Always find businesses that offer products and services which are irreplaceable. Investing in such businesses will give you a competitive advantage. Rakesh Jhunjhunwala invests in businesses with wide moats when investing. Investing in such companies, he believes, gives investors a competitive edge of their own.

Just like stock markets, it is essential to make decisions that are good for your business growth. And to ensure that you are on the right path, you can hire a business coach.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more about these courses, visit www.badabusiness.com.

Categories
Business motivation Process & Business Expansion

Hiring a Business Coach? Here are 5 Key Reasons You Should ASAP!

Five Key Reasons Hiring a Business Coach is a Brilliant Idea
Five Key Reasons Hiring a Business Coach is a Brilliant Idea

Summary: Having a business mentor is important if you want to achieve your goals in life. If you are an entrepreneur who has just started his journey, you should hire a business coach. Getting yourself a mentor who can guide you with his years of experience and expertise is the best way to achieve your goals.

Let`s say you want to go from point A to point B in your city. You are new to the city, and only have a basic idea about the medium of transport. Now there are three ways to find how you can get there.

The first way is to figure it out all by yourself. This might require you to get around the city and walk the streets in your quest to find the right one. This could be time-consuming and frustrating. You might reach or you might quit before reaching your destination.

The second way is to ask for directions. You can ask random people on the streets. While some might point you in the right direction, others may send you in the opposite direction. Nonetheless, you will waste a lot of time.

Now, the third way is to use GPS or Google Maps. A map will guide you turn by turn along with telling you the shortest route saving you from traffic jams. You will save time, frustration, and confusion. You will reach your destination easily. A mentor is just like GPS who will give you directions and help you to achieve your goal on time.

Many entrepreneurs often take the first way, trying everything out instead of getting a mentor. They read books, watch online videos and enroll themselves in random online problem solving courses. This is just like asking for directions from random people who might not be aware of your business requirements.

Here are five reasons why you should work along with a business coach:

1. Mentors Act as Great Navigators

Young entrepreneurs need to understand the right way to achieve success without deviating from their path. Success in any business is a combination of many factors and one of them is to keep updating and learning about business. Your mentor can suggest an online business coaching program for entrepreneurs that can help you to expand your viewpoint. It will help you to resolve problems and will boost your confidence too.

2. Mentors Provide Unbiased Views

Business mentoring and coaching are two different concepts. Your business coach does not have to be your best friend. The objective of a mentor is to help you develop your business. But to achieve that he will have to view your business with a fresh perspective, and unbiased eyes and guide you, instead of solving problems.

3. A Mentor can Help You Set Benchmarks

After the initial discussion, the key role of a business coach is to initiate goal setting and celebrate important achievements to help entrepreneurs stay engaged and enthusiastic.

4. Mentors Can Help You Find Investors

Being an entrepreneur one of the major challenges is to find an investor for your business idea in which you believe with all your heart. Angel investors or venture capitalists are individuals and groups that provide funds to startups with promising ideas. They will be more interested in you once they understand the potential of your business through the eyes of an experienced industry professional who is also your mentor.

5. Mentors Provide Balance

Young entrepreneurs often come up with unique concepts and business ideas. They believe in working in innovative and smart ways while chucking old-school approaches. However, it is always advisable to have a combination of old and new in a moderate balance. Business coaches often adopt smart working techniques, while providing sound advice and constant guidance to achieve the right milestones at the right time.

Mentoring is a long process that demands consistency. While you may feel that you don’t need a business coach all the time, having someone who is an expert and a seasoned professional who you can reach out to anytime provides great comfort.

To know more about a business coach. Visit: www.badabusiness.com.

Categories
Business motivation

5 Best Places To Find A Business Coach

5 Best Places To Find A Business Coach
5 Best Places To Find A Business Coach

Summary: Wondering where to find a perfect business coach for your startup? Here is a list of the five best places where you can start. You are guaranteed to be surprised!

Are you looking for a business coach or a mentor? If you are a young entrepreneur and lack experience in running a business successfully, you should start looking for the right mentor. Working with the right mentor provides plenty of benefits. Not only will you receive guidance and support from an expert, but you will also be able to leverage your mentor`s network of contacts. This may help you in finding new investors, making new clients, and finding more business.

However, the real trouble is finding the right mentor which is quite difficult. Mentoring is a time-consuming process. And, not all experience business owners will invest their time and effort to help budding entrepreneurs.

So where you can find a business mentor who is willing to invest his time and provide guidance to you? Here are some of the places to start:

1. Online Mentorship Community

Though there are multiple social media platforms, none of them are dedicated to only entrepreneurs where they can find the right business coach or connect with potential mentors. Bada Business Community App is an example. With usually little or no cost, you’ll be able to sign up, find prospective mentors in your area of expertise, chat with them and potentially meet in person to begin an extended partnership.

2. Professional Networking Events

Before hiring a business coach, always communicate with them. To initiate a conversation with prospective mentors, you can attend more networking events. Business leaders are always looking for prospective clients, employees, or partners for the future. At such events, you can meet many different areas and expand your network.

3. Fitness Classes & Groups

Business leaders often like to stay healthy and fit. This is why you will frequently find them in fitness classes and other related groups. You too can join Yoga or meditation classes. From there, you can participate regularly and improve your networking along with making your networking strong.

4. Industry Events

If you are looking for a mentor related to a particular field, there is no better place to go than business events. These events include webinars, seminars, conferences, tradeshows, and informal meet-ups. For instance, a few months back Dr. Vivek Bindra organized an event that aimed to enhance leadership skills.

The event was attended by many senior management leaders and successful billionaires. This event presented many opportunities for young entrepreneurs to connect with seasoned leaders.

5. Social Media

You can find mentors by searching for them on social media — especially through publicly available platforms like Twitter or professional-centric platforms like LinkedIn and BB community. With keyword searches, you’ll be able to find mentors that match your criteria, and by monitoring followers and engagement levels, you can determine a person’s reputation and willingness to talk with others.

Never lead with an outright request. Get to know your hoped-for mentor first; and, if you can, offer something of value to begin the relationship.

So, now that you know exactly where you can find a mentor, you may wonder whether it`s necessary to have a mentor in the first place. After all, so many people have become successful without a formal mentorship. But truth to be told, everybody has somebody to learn from. Hence, finding a best business coach can be beneficial for your professional as well as personal growth.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

Categories
Motivational

4 Tips Young Entrepreneurs Can Use To Stay Inspired

4 Tips Young Entrepreneurs Can Use To Stay Inspired
4 Tips Young Entrepreneurs Can Use To Stay Inspired

Summary: Have you ever felt like you are stuck in your entrepreneurial journey and can`t seem to find your way out? Don`t worry! It`s not your lack of passion but a phase. Here are a few tips to keep you on the right path.

Entrepreneurs do not have an easy job. It might sound like all glitters and stars to be your boss; however, there comes a phase when everyone feels stuck. But always remember that it is just a phase. If you feel it is getting difficult to come out of a rut, you can always take help from a business motivational speaker.

Take small steps every day, as it is better to make slow progress than to quit and completely stop working towards your goal. It can be tough to continue working towards something when you don’t see a clear path ahead — you start feeling defeated, and instead of enjoying the process, you begin to loathe it.

Being stuck is draining and you may feel like nothing is working in your favor. You may also lack the motivation to find a solution to the current business challenge that you might be experiencing. However, you can`t let the grind sap all the life out of you. To get out of this rut, you will need a support system. It could be your friends, colleagues, or peers, or you can hire a business coach who can guide you to come out of that difficult phase with his guidance and support.

1. Positive Self Talk

If there is one person who is going to be with you constantly is— YOU. Hence, it is very important to analyze how you communicate with yourself. Focus on positive self-talk and affirmations. Avoid negative thoughts, self-criticism, and underestimating yourself. For instance, instead of saying “I haven’t had a promotion in five years”, say to yourself, “What is my plan to get the promotion or find a job that fairly compensates me.”? Try to focus on the resolution, instead of your hurdle and you may look at the challenge from a different perspective.

2. Do New Things

Following a routine is fine, but living life is also important for a happy mind and healthy heart. So, the only place to grow is discomfort. Just like stagnant water begins to stink, staying in your comfort zone will hinder your growth. Do things that make you uncomfortable, but are important for your business. For example, if networking is what gives you nightmares, set a goal on how many connections you’d like to make. Spark up the excitement for life again. It’s the small steps that create the largest gains over time.

3. Surround Yourself with Positive People

A tree survives in appropriate conditions. However, it only grows when it is provided with weather conditions that are clean, healthy, and pleasant. Having people around you who are full of positive energy, dreams, goals, and vision is a great way to stay motivated.

You won`t be stuck for too long if you can call someone whom you trust. Hiring a business motivational speaker is also a great idea. Set up an in-person meeting with a friend, family member, or mentor who always knows what to say when you are facing a conflict.

4. Don`t Just Make Plans, Execute Them

Neither wishing nor complaining will get the job done. Take steps towards finding solutions that will help you to change your circumstances. So take out some time to figure out what you want, and start formulating a plan.

Entrepreneurs are meant to bridge the gap between a problem and a solution. You decided to become an entrepreneur because you recognized a problem that can help people and bring ease to their lives. Always remember why you set out to be an entrepreneur. Do not push your goals and dreams aside just because you are feeling stuck momentarily. You can always hire the best motivational speaker in india to help you keep moving forward.

Want to make progress in your business with Dr. Vivek Bindra. Visit: www.badabusiness.com

Categories
HR & People Management

5 Tactics To Retain Top Performing Employees In The Organization

5 Tactics To Retain Top Performing Employees In The Organization
5 Tactics To Retain Top Performing Employees In The Organization

Summary: The great resignation is an opportunity for employers and businesses to reassess, re-engage, and redefine strategies and make them more employee-friendly.

The time that we all have spent during the pandemic working remotely has played a key role in the revolution of ‘The Great Resignation.’ It has given some time to the people involved in a rat race to think about their work-life balance in a way never before possible.

According to an estimate, around 4 million workers per month are quitting their jobs. This is a revolution that is causing great disruption across the globe. While many companies, business coaches, corporate trainers, and leaders are trying to address the problem, many will continue to struggle because they don`t understand the reason behind their employees leaving in the first place.

The majority of the workers are quitting their jobs because of low pay, lack of growth opportunities, toxic culture, and feeling disrespected. Employers and leaders should look at this as a challenge and start reassessing, redefining, re-engaging, and adjusting direction by using the following strategies:

1. Begin By Hiring the Right People

Hiring a person who aligns with your company`s goal and core values typically leads to long-lasting, mutually beneficial hires. It helps to build a team that can work together and employees who feel valued and share values with the company they work for are more likely to stay. Quick or bad hiring practices will leave you in a sticky situation where you will be subject to more resignations.

2. Show Genuine Appreciation

According to one report published in Mckinsey, employees want to feel valued by their managers and their company. Of course, they seek sufficient pay, benefits, and perks, survey data shows that it’s the appreciation and respect that they want from their seniors.

The best motivational speaker in India– Dr. Vivek Bindra says, “Every action which is appreciated, gets repeated.” But how do you show appreciation? If your team is handling a challenging project, send personalized “thank-you” gifts to every member. While people do like bonuses, the key is linking the gift with genuine appreciation. If your employees are feeling burn-out, close the office for an unplug-and-recharge day.

3. Offer Training

Training and professional development are two important keys that can help an employee to grow in his career. You can arrange a few sessions with a business motivational speaker or can provide online training and other coaching tools that can prove to be effective in showing your team members that they are valued. It will not only increase the person`s value but will also their career marketability.

4. Be Generous with Pay & Benefits

Many companies in India still do not feel comfortable with the idea of giving their employees a ‘five-day-working’ culture because they feel why they should pay to give their employees paid offs. However, this is the worst mistake that they can do. Many employees often leave their companies not because of the better pay but because of work-life balance.

Also, offering competitive salaries and benefits packages will give you a fighting chance to land and retain top-performing employees. Practices like bonus plans, compensation reviews, and annual benefits will ensure that your top talent feels appreciated.

5. Offer Work-Life Balance & Flexibility

Thanks to the pandemic, many companies have adopted a “productivity over time in the office” philosophy. However, many companies still have not learned about the hybrid work culture. This is one of the major reasons behind employees quitting their jobs. Adopting a hybrid culture can be a major factor in retaining staff.

While organizations will always face a percentage of resignations each year, smart and committed companies can take real steps, including the ones mentioned above, to overcome the “Great Resignation” by valuing, inspiring, engaging, and retaining employees — especially top performers.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

Categories
Marketing

Business Coaching Program by Business Coach Dr Vivek Bindra

Business coaching Program

Business Coaching means providing guidance and support to entrepreneurs, business owners and professionals to improve their business performance and achieve their goals.

Dr. Vivek Bindra’s Business Coaching Program (BCP) is one of them. It is designed to provide personalized guidance and support to business owners, entrepreneurs, and professionals.

Here are the key aspects of the program:

Business Coaching Program (BCP)

  1. Personalized Coaching: One-on-one coaching sessions tailored to the specific needs and challenges of the individual or business.
  2. Goal Setting and Planning: Helping clients set clear, achievable goals and develop strategic plans to reach them.
  3. Strategy Development: Crafting customized strategies for growth, marketing, sales, operations, and other critical business areas.
  4. Accountability and Monitoring: Regular check-ins to monitor progress, provide feedback, and adjust strategies as needed.
  5. Skill Enhancement: Training and development in key business skills, including leadership, decision-making, and team management.
  6. Problem Solving: Addressing specific business problems with practical solutions and expert insights.
  7. Financial Guidance: Advice on financial management, budgeting, and funding options.
  8. Market Insights: Providing up-to-date market trends and insights to help clients stay competitive.
  9. Networking Opportunities: Access to a network of industry experts, fellow entrepreneurs, and potential business partners.
  10. Motivation and Support: Continuous motivation and support to help clients stay focused and driven.

Key Components

  • Diagnostic Tool: Initial assessment to identify the strengths, weaknesses, opportunities, and threats (SWOT) of the business.
  • Customized Action Plan: A step-by-step plan tailored to the client’s business goals and challenges.
  • Workshops and Webinars: Access to specialized workshops and webinars on various business topics.
  • Resource Materials: Comprehensive resource materials, including templates, checklists, and guides.
  • Performance Tracking: Tools and techniques for tracking business performance and measuring success.

Benefits

  • Enhanced Business Performance: Improved efficiency and effectiveness in business operations.
  • Increased Sales and Revenue: Strategies to boost sales and revenue growth.
  • Leadership Development: Strengthened leadership skills and capabilities.
  • Innovative Solutions: Creative and innovative solutions to business challenges.
  • Sustainable Growth: Long-term strategies for sustainable business growth and success.

About Business Coach Dr Vivek Bindra

Dr. Vivek Bindra, a renowned business coach and founder of Bada Business, offers tailored coaching and support to seven specific categories, which he refers to as the “7 Star” focus areas. These categories encompass a wide range of professionals and entrepreneurs:

  1. Freelancer: Providing guidance on how to build and grow a successful freelancing career, including strategies for client acquisition, project management, and scaling services.
  2. Retailer: Offering insights into effective retail management, including inventory control, customer service, marketing strategies, and optimizing sales.
  3. Service: Assisting service-based businesses with enhancing their service delivery, improving client relationships, and developing sustainable growth strategies.
  4. Entrepreneur: Supporting entrepreneurs at various stages of their journey, from ideation to scaling their business, with comprehensive strategies and practical advice.
  5. Womenpreneur: Focusing on empowering women entrepreneurs by addressing unique challenges they may face and providing tailored strategies for success.
  6. Student: Helping students develop entrepreneurial skills and mindset, preparing them for future business endeavors or enhancing their employability.
  7. Manufacturer: Guiding manufacturers on improving production efficiency, managing supply chains, adopting technology, and expanding their market reach.

By addressing the specific needs and challenges of these diverse groups, Dr. Vivek Bindra aims to provide targeted support and actionable strategies that help individuals and businesses achieve their full potential.

Categories
Business motivation

5 Smart Tips To Find The Right Business Coach To Help You Reach Your Goals

5 Smart Tips To Find The Right Business Coach To Help You Reach Your Goals
5 Smart Tips To Find The Right Business Coach To Help You Reach Your Goals

Summary: Profitability, growth, increased confidence, more time, and less stress. This is the recipe that any entrepreneur would love to learn. You can achieve all this and more with the right business coach.

The days whether you should hire a business coach or not for your small startup are over. We know that successful people have mentors, coaches, and helpers who guide and help them to achieve their goals.

But the question is, how do I find a coach who is a good fit for me?

To answer this question, you must first ask yourself if you are ready. Secondly, you must ask yourself about your needs and requirements. A great business coach will leave no stone unturned to push you out of your comfort zone. He will recognize your excuses, even if you are unaware of them.

From hybrid programs and group coaching to personal consultation, business coaching comes in all shapes and sizes including recorded lessons, live calls, pre-recorded programs, and one-to-one coaching.

Here is a checklist you must follow while you are looking for a business motivational speaker.

1. Ask For Referrals

Before you start looking up for the right mentor on Google, it is recommended to ask for referrals in your network who knows a great coach. Always know that your requirements might be different compared to your peers. Hence, always keep your needs and goals in mind while talking to a prospective business coach to make sure there is synergy. You can use LinkedIn or Facebook, as well as people in your networking groups.

2. Take Consultation

Investing in a personal coach is no small deal. You need to have a conversation with your prospective coaches because there is no other way to figure out compatibility. Most coaches offer a free consultation. If one session is not enough for you to decide, you can ask if you can purchase a single session before making your decision. Avoid working with a business coach who will not speak to you but gives you a high assurance of excellent results.

3. Effortless Communication

For any conversation to be productive, communication is essential. Every person thinks, perceives, analyzes, and understands differently. When seeking a business mentor one essential thing is to find a person who not only listens to your ideas but also understands your mindset. Your prospective coach should have an open mind about how you perceive ideas.

4. Consider the Cost

Hiring a business coach will cost you. Keep an open mind about the financial investment. You are paying your coach for his experience, wisdom, knowledge, and proven track record that he has. Consider how much money hiring a mentor will cost you. Also, calculate how much revenue your business will generate if you continue to follow your existing strategy without a business coach.

Depending on your goals, coaching investment can pay off on various levels, such as by increasing revenue, giving personal growth, reducing stress, and giving more freedom.

5. Be Prepared for the Long Haul

A business coach no matter how proficient he is in his field, couldn’t turn around your business overnight. Change does not happen overnight unless you are an entrepreneur who needs assistance in only one or two topics to coach around. Once you have achieved your initial goals, focus on maintaining a year-long relationship with your coach. The benefits don’t go away, they are just the ongoing change state.

A business can’t grow to its full potential unless the person who is leading it is mindful, healthy, and happy. The most critical factor in this equation is you. It is worthy to invest in your growth and engage with a coach who will support and inspire you to achieve growth in your business.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with foundation courses, specialized courses, and value-added courses.

Categories
Business motivation Startup

A Complete Step-By-Step Guide To Start A Small Business In 2022

A Complete Step-By-Step Guide To Start A Small Business In 2022
A Complete Step-By-Step Guide To Start A Small Business In 2022

Summary: Starting a business sounds exciting but do you have enough knowledge to build one from scratch?

Nothing excites me as much as the idea of becoming my boss. Apart from having multiple coffee breaks and the flexibility of working at my own pace, it motivates me to work hard and chase my dreams. Every decision that I make will bring me closer to my business goals. However, there is only one hurdle, how to start a small business? Should I take help from a business motivational speaker, or should I work along with a corporate trainer?

Most young entrepreneurs often have these questions while thinking about turning their ideas into a beautiful reality. Starting a business sounds exciting, but how and where to begin?

There are many different approaches. For instance, you can enroll in a business coaching program or get help from a mentor. But what are the exact SOPs that one should follow?

To know the answer, follow this step-by-step guide that will help you to understand the exact SOPs required to start your small business.

1. Refine Your Business idea

If you are thinking about starting your venture, you might already have an idea in your mind. Whether product-related or service-related, do a quick search about existing companies in your industry. Learn about your competitors and brand leaders and figure out which unique features or products they are offering their customers or where they are lacking. You can turn these gaps into opportunities.

Also, find out your USPs. This will help you to stand out. Define your ‘why.’ If you want to be an entrepreneur but do not want to start from scratch, you can also consider taking a franchise.

But what are the factors one should consider while taking a franchise? You can watch this incredibly informative video by Dr.Vivek Bindra here:

2. Know Your Competitors Well

Most entrepreneurs spend more time creating their products (which is good) than they often do to know their competitors well. If you will go to investors, the first thing that they would like to know is what sets you apart from your competition.

Knowing your competitors is as important as knowing your target audience. You can conduct a SWOT analysis for your competitors. It will give you more clarity on what is working in the market. You can also take help from a motivational speaker.

3. Create Your Business Plan

A business map is like a road map that will help you visualize your journey and spot potential problems. This document makes it simple for financial institutions, potential investors, and company management to understand your business. Your business map should include an executive summary, market analysis, organizational structure, products & services, mission & goals, company’s background, financial and marketing plan. You can also work with a business motivational speaker to develop your business plan.

4. Assess Your Finances 

Finance is a significant factor that one should consider before starting a small business. Do you have the means to start your small business, or would you take a loan? If you are planning to leave your job to focus on your startup venture, do you think you have enough money to support yourself until you make a profit? Only 5% of startups survive after five years. Most startups fail because of lack of funds. Hence, it is essential to perform a break-even analysis.

Once you have figured it out, it is time to consider your funding options. There are multiple options, from business loans to government schemes, crowd-funding to fundraising through investors and business grants.

5. Determine Your Legal Business Structure

Before registering your company, you need to decide what kind of entity your business is. A business structure legally affects everything from how you file your taxes to your liability if something unfortunate happens. There are four types of business structure:

i). Sole Proprietorship

ii). Partnership

iii). Corporation

iv). Limited Liability Company

6. Register Your Business

Once you have decided about your business structure and name, it is time to register your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government and maybe your state government as well.

7. Apply for Licenses & permits

By staying legally compliant, you can keep your business running smoothly. The licenses and permits you need for your business will vary depending on your industry, sector, state, location, and other factors.

8. Open a Business Account

Set up one business account to handle legal, tax, and day-to-day issues. Keep all the required registration and paperwork ready.

Starting a business requires lots of planning, finance, and completion of a series of legal activities.

Hence, if you want to start a business, you can take help from a business motivational speaker.

The idea of managing a business is more straightforward said than done, and we agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program with foundation courses, specialized courses, and value-added courses.

Categories
Webinar

Host Successful Webinars With These 5 Simple Steps

Host Successful Webinars With These 5 Simple Steps
Host Successful Webinars With These 5 Simple Steps

If you are an entrepreneur with an e-commerce business, you must have experienced the highs and lows of hosting a webinar. After all, improving your attendance rates can result in higher sales than any other conversion strategy.

However, it is also one of the most dangerous places where you can lose the most potential buyers in a campaign.

The consumption of social media content has spiked up during the pandemic and as the trend evolved, more and more marketers began to take the advantage of it. Many motivational speakers in India are making the most of this trend.

Webinars are one of the most effective ways to hook in new leads. It helps brands to change with the rapidly changing consumer behavior and market trends. A potential buyer will buy your product or sign up for your service because it will help them.

Here are 5 tips to cut through the noise and attract a large audience to your webinar:

1. Find Out Your Customer’s Biggest Challenge

  • Ask your potential customers and existing & potential clients about their current challenges, frustrations, and desires.
  • Post questions on Facebook and read the comments.
  • Find out why consumers will choose your brand and not your competitors.

2. Pick an Appealing Topic

Which topic according to you will attract more audience?

a). How to purchase our product?

or

b). Make your business easier through new strategies?

If you pick ‘option B’ then you are right. Why? The second option promises a benefit that will help your customers to run their business operations, smoothly. Research well!

If you test different topics for your webinar, you will find that an interesting, engaging, timely, and educational webinar will pull more audience. Your presentation should be ‘customer-centric and solution-oriented’. This will give participants practical ways to solve the challenges they are facing currently.

The topic should also obviously include the real goal of lead generation, product launching, and educating your audience.

3. Find your Target Niche

It is extremely necessary to search out forums, mail groups, chat rooms, or any other social media platform to find out your target audience.

If you are selling a sports product, it would be pointless to market a webinar to those who are more interested in business courses. Once you find a topic of interest, create a follow-up plan, and make a strategy to build your event marketing plan from there.

4. Be okay with Fluctuating Attendance Expectations

Sometimes we overestimate the numbers and find it demotivating to see the actual number of people who attend the webinar. Expect a show rate of only 30% of those who have registered for a free webinar.

If your numbers are below that then make sure that you are sending day-of and 24 hours reminders via email. Send invitations to more prospects multiple times to remind them about your free webinar.

5. Use Polls

The best way to increase engagement in your webinar is to ask your audience to participate in your webinar. If you have ever attended a webinar on one of the leading platforms, you must have noticed that they allow you to pre-load interactive polling questions. Many motivational speakers in India use polls to know what their audience is curious about.

You can capture the attention of your audience by asking questions related to the webinar. Ask things like:

  • What interests you most about the webinar?
  • What are the immediate challenges you are facing?
  • Would you like to boost your sales?
  • Would you like more information on our latest product or services?

The type of questions that we have mentioned above will not only attract the audience to your webinar but also give them ‘food-for-thought and keep them hooked for your next webinar.

Have your attendees try, buy and contact you for more information on your products or inquired about the next webinar. Also, offer them a limited-time offer for the webinar to create urgency and hype around it. If you are doing an educational webinar, tell your attendees to stay on for more information.

And last, but far away from least- Be Enthusiastic and talk in a more connecting way! Motivate your participants and engage them in conversation. Want to know more about marketing strategies? Join our Business Coaching Program. To know more, visit: www.badabusiness.com .

Categories
Finance

5 Simple Tips For Youngsters To Gain Financial Security

5 Simple Tips For Youngsters To Gain Financial Security
5 Simple Tips For Youngsters To Gain Financial Security

Whether it’s a tropical beach holiday or having the home of your dreams, every individual has a different financial future. While some would want to pursue higher education, others might be planning for their retirement plans. Nevertheless, financial security is very important for everyone to lead a life that is free of stress, fear of uncertainties, and anxiety.

Though the definition of financial security varies from person to person, its significance is undeniable. Reaching a stage where you have no worries regarding your financial condition is liberating. So, why not plan for a better tomorrow starting today?

Here are five tips given below through which you can attain financial security in your life.

1. Starting As Early As Possible

We have found that the early bird gets the worm. We all have heard about this adage, and we couldn’t agree more with its implication. When you start saving early, you can expect to save a significant amount of money to support and fund your future dreams.

Committing a certain amount of your salary every month will help you build up those savings in such a way that it will quickly become a habit. If you haven’t started yet, you can start saving at any age. You can decide on whatever amount you wish and can start saving now! Any amount you start putting in today will take you a long way into your retirement.

If you don’t feel motivated enough but have goals, you can take help from a business motivational speaker.

2. Consider Savings Deposits as a Bill

Considering inflation and lifestyle indulgences, people often find it difficult to save every month. However, the truth is that no matter how much you think it is difficult, once you start saving, you will recognize that despite a certain amount deducted every month, it is very easy to continue with your current lifestyle.

To ensure that you don’t give in to other temptations and skip your monthly saving amount, you can get it automatically debited from your account.

3. Use a Tax-Deferred Account

If you are an impulsive buyer, then using a tax-deferred account will be beneficial for you. A tax-deferred account deters you from spending those amounts on impulse because you are likely to face penalties and other tax consequences.

For example, any amount distributed from a traditional retirement account is subject to income taxes in the year in which the distribution occurs, and if you are under age 59½ when the distribution occurs, the amount could be subject to a 10% early distribution penalty.

If you have enough income, you can consider whether you can increase the monthly amount you have decided to invest. Never invest more than you can afford!

4. Diversify your portfolio

One should never put all the eggs in one basket. No matter how old this adage is, it still holds for retirement assets. Putting all your funds into one form of investment increases the risk of losing all your investments. Hence, invest in different schemes to minimize the risk of losing your money.

Asset allocation is one of the most important parts of your retirement assets. Before making investments, keep factors like your age, risk tolerance, and financial goals in mind.

In our masterclass, you will find out the best ways to diversify your portfolio with the best motivational speakers in India.

5. Keep a close eye on your budget

A budget is not a concept that remains fixed once decided. With time and requirements, it keeps changing. There will be plenty of times when you will need to reassess your expenses and fit them into your income. You might also find that you have fewer expenses than you had before. If you have finished paying your EMIs, it can suddenly free up your income. You can invest this money into other investment plans that you may have in the future, like health care plans.

You can learn excellent tips to manage your finances from the best motivational speaker in India—Dr Vivek Bindra.

If your business is buried under a high amount of credit due to bad financial management, you can meet Dr Vivek Bindra, the most successful business coach in India.

The idea of managing a business is easier said than done, and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. Visit for more information:  https://www.badabusiness.com/.