Tag: Business Coaching Program

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Strategy

5 Powerful Strategies To Increase Sales In A Startup Business

5 Powerful Strategies To Increase Sales In A Startup Business
5 Powerful Strategies To Increase Sales In A Startup Business

Summary: For businesses to scale, strategies that fuel growth are necessary.

Every business thrives on revenue. The primary source of generating revenue is sales. Businesses all around the globe have been chasing sales numbers. To ensure that a business is doing well in sales, many companies advise other organizations on how to achieve those numbers.

Yet, despite all the available assistance, many companies often overlook the value of their sales strategies that can skyrocket their profit margin and revenue. Though entrepreneurs often know about multiple ways to increase sales, they often find themselves in a dilemma about what strategy they should implement.

If you are an entrepreneur and experiencing the same challenge in your business, you can consult Business Coach to get proper guidance. Here are five strategies that will increase your business sales:

1. Know Everything About Your Niche

If you have designed a specialized product or service that resolves your customers’ problems and meets the demands of your target customers; you are on the right track. If not, your first step should be to go back and brainstorm precisely how your brand provides something unique and different from your competitors.

If your product is not in much demand, you can revamp it to make it more appealing to your target audience. You can also consult the Best Business Trainer in India who can help you navigate through these challenges.

2. Build Valuable Relationships

If you are struggling to increase sales, offer services that are beyond what is just required in a way that inspires a customer to stay in your brand experience. Give your customers an experience that will make them feel like a king, and they will come back again and again. Think about your customer journey regarding pre, during, and post-experience. This will create an opportunity for smooth upsell and cross-sell offerings.

Learn the art of upselling and cross-selling in this video by Dr Vivek Bindra, one of the best business motivational speakers in India:

3. Cross-Sell Complimentary Products

Before focusing on the acquisition:

  • Focus on retention because you don’t want a leaky bucket.
  • So, try to increase sales through cross-selling complementary products or services to your existing clients.
  • Sell products that will solve the need not fulfilled by the original purchase.

4. Leverage the Power of Social Media

Social media is one of the most affordable ways to get access to a large audience in a short time. It is a vital resource when it comes to lead generation. Social media is more than just posting. So, focus on building relationships with your audience by educating them about your business, products, or services. Be sure to comment on others’ posts, like, and engage with potential clients.

5. Don’t Forget to Provide Necessary Knowledge to your Team.

Always ensure that your team has all the essential knowledge about the product and service they are trying to sell to potential customers. If they can talk about all your offerings easily, it will be easy for them to connect with your consumer’s needs and your entire range of services.

A great customer experience means more business and ultimately more sales. You can train your sales team to listen and add value to the overall sales experience. If you need a piece of expert advice, you can work along with business coach for entrepreneurs.

To ensure that your business is growing, do what nobody else is doing to see returns that nobody else is receiving. You can implement strategies that are mentioned above for better sales. 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 that comes with Foundation courses, specialized courses, and value-added courses.

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Leadership Building

5 Key Leadership Skills Every Entrepreneur Needs To Develop

5 Key Leadership Skills Every Entrepreneur Needs To Develop
5 Key Leadership Skills Every Entrepreneur Needs To Develop

Summary: To become an effective leader in business development, it takes an individual who is more than just a manager.

When you start a small business, you have to take on many roles. From being the marketer of products to analyzing the market, there are so many responsibilities that you will have to take in the initial phase. Though having some basic knowledge about various business operations can go a long way, having leadership skills can add a new dimension to your startup business.

Having a set of leadership skills will help you close some of the most important business deals, but it will also help you establish a good relationship with your customers. This will also increase productivity in the future. If you want to sharpen your skills, you can work with the best leadership trainer in India, like Dr Vivek Bindra. 

Here is a list of 5 key leadership skills every young entrepreneur needs to develop:

1. Social-Emotional Intelligence

Whether you are talking to your peers and co-workers or trying to close a deal with your client, social-emotional intelligence (EQ) is a crucial skill to master. An emotional quotient or emotional intelligence is taking charge and managing emotions.

When you take charge of how you feel about a particular situation and understand your emotions, you can turn it into an advantage. In this world where along with computers, humans are also becoming mechanical, this skill is needed more than ever. Want to take charge of your emotions? You can consult with leadership speaker in India.

2. Passion

It is easy to dream but challenging to work upon it. Great leaders do not just have long-term goals but also have the dynamism and tenacity to work toward them through an ecosystem of people, data, culture, technology, and more.

3. Ability to Adopt New Technology

Technology is evolving every day. Hence, every great leader should focus on leveraging new technologies that can help to give their business a rapid growth. A touch of technology will ease down daily tasks like finding qualified leads, finding the sales pipeline, and tracking ROI. It will also provide greater value not only to clients but also internally.

4. Communicate Simply

Simplicity is the key, and this applies to every aspect of a business. However, with the advancement of technology, there is an ever-growing stockpile of solutions for any given problem. But each subsequent answer sometimes is far more challenging to understand than the previous one.

In this case, any entrepreneur needs to explain their solutions in a simple, easy-to-understand manner for clients to understand what they may be buying into. You can take help from a professional leadership speaker in India to hone your skills.

5. Coaching

Not everyone can become a powerful business coach or a mentor to their colleagues. But a great leader does! Practical coaching skills are essential in today’s world. Entrepreneurs need to be more than just managers committed to their success. A well-coached leader will not just outperform their competitors but will also build relationships for future business. They are more likely to be professionally equipped and dedicated to their professional and personal goals.

Approaching challenges with an open mindset and untraditional approach is essential in today’s business world. Therefore, being an effective mover and shaker in this dynamic business world takes a humble leader with a vision who can guide a team and the business towards growth.

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 that comes with Foundation courses, specialized courses, and value-added courses.

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Motivational

5 Ways To Establish Your Personal Brand

5 Ways To Establish Your Personal Brand
5 Ways To Establish Your Personal Brand

Summary: One rule that can help young entrepreneurs stay on top of their game is being open to doing things that have never been done before!

Whether you are eyeing a promotion, looking for your dream job, planning to switch careers, or learning a new skill, qualification alone will not help you succeed. To achieve success, it is essential to build your brand. It is an exclusive combination of experience, expertise, and credentials that distinguishes you from competitors and helps you to stand out.

Whether you are looking to work with new clients or want to increase your consumer base, your brand matters. Here are five lessons that can help you build your personal brand:

1. Become an Expert

Gone are the days when “Jack of all trades, Master of none” was considered valuable. Today, people respect an expert more than a generalist. Many successful billionaires often advise narrowing down the focus so that your brand can own a word in the prospect’s mind. For instance, if you have excellent business knowledge, you can become a business motivational speaker in India.

2. Bringing Unique Concepts

10 to 15 years back, no one would have thought about receiving our favorite food at our doorstep. But the concept was introduced in our country, and the trend gained popularity. Hence, to stand out in your field, you will have to come up with innovative concepts and fresh ideas.

3. Earn your credentials

To make yourself valuable, you need credibility. For instance, Arunima Sinha, a former national-level volleyball player, was thrown out of a moving train by robbers. She lost both her legs in this accident. While receiving treatment, she resolved to climb Mount Everest—the highest peak in the world. In 2013, Arunima became the first female amputee to climb Mt. Everest at 25.

She didn’t stop at it. By the age of 30, she had climbed the highest mountain peaks on each of the seven continents. The Government of India has honored her with the Padma Shri award.

4. Build visibility around your domain.

From writing articles in popular publications to making videos on YouTube, speaking about your domain can help position you as an authority, grow your network, and earn the audience’s trust.

5. Upgrade Your Craft

Building your brand is not a 100-meter race. It is a marathon that requires persistence, patience, and hard work. Keep updating your knowledge bank regarding your industry and market trends. This will help you to stay one step ahead of your competitors.

Building a personal brand not just propels you closer to your goals; it helps you create a foundation that guarantees success. It is the only response to a fast-changing and competitive marketplace. Thus, in your journey to becoming a remarkable personal brand- stay consistent, humble, and relevant by using the strategies we have mentioned above.

Need personal guidance to increase your brand presence consistently to facilitate sales, engage your customers and close leads? Join our Business Coaching Program! To know more, visit www.badabusiness.com.

Categories
Motivational

5 Reasons Behind The Success Of Amazon!

5 Reasons Behind The Success Of Amazon!
5 Reasons Behind The Success Of Amazon!

Summary: From a book-selling website to becoming a household name for almost everything, Amazon has come a long way. Ever wondered what made it so successful?

Surely, it wasn’t just luck. Amazon was first established in 1995 as a simple book-selling website. Within a month of opening, it had already shipped its products to 40 countries. Over the following years, the brand kept on evolving and flourishing, becoming a brand that is known as one of the most respected, largest, and most powerful companies in the world.

Over the last decade, the company has transformed in various ways to increase its reach, customer base, and product range. Whether you need a pen, a book, a refrigerator, a tv, or a smartphone, we know we can get everything on Amazon, right?

So what makes Amazon so successful? Some key reasons make Jeff Bezos`s company a flourishing venture:

1. They are more adaptive to Innovative Technology

The major contributor to Amazon`s success is its ability to innovate continuously. It didn’t wait for someone else to create its business model. Rather, they kept on experimenting with new technologies and happily embraced modern practices. For instance with their impressive voice command device- the Echo, Amazon created a moment of disruption. The echo can be used to play songs, control Bluetooth devices, enquire about the weather, set alarms, and also make calls. You can check out the case study of Amazon`s CEO- Jeff Bezos, here.

2. A Diverse Range of Products & Categories

Starting as a website to sell books, Amazon, later on, diversified its products range and added more categories for the convenience of its target consumers. This diversification has helped them to be the-go-to for a large number of consumers. From groceries to Amazon wallets, most customers know you can buy just about anything by going to Amazon`s site or mobile app.

In any business, diversification is necessary for the scalability of the business. The more you diversify the services and products you provide to your customers, the more likely it is that your business will grow. If you are looking to scale your business, this video will help you.

3. Excellent Customer Service

One of the strongest pillars of Amazon`s success is its exceptional customer service. From tracking orders to returning items, the site is well equipped to meet the demands of its customers. Having a winning customer service team is essential for any business and Amazon has built a reputation for superior customer service in multiple ways. It handles all the queries impressively. It offers round-the-clock assistance. It has played its strategy well by partnering with many competitors, like Kohl’s to offer in-person returns of products.

They engage in conversations with their customers and this is one of the major reasons why customers keep coming back to Amazon.

4. They Utilize Collected Data & Learn

Most often companies collect data but fail to take the appropriate step. Unlike others, Amazon gathers its data from sales, affiliate marketing, social media campaigns, and many other touch-points to make vital decisions and build strategies. The company recognizes what its customers want, so they work on it and up their game plan to reach that target section.

Companies, that can learn from their customers and resolve the challenges they are facing, always stand out. To learn more, you can take our problem solving courses and gain in-depth knowledge.

5. A Winning Attitude

Back in 1997, Bezos told Inc. Magazine that Amazon will remain unprofitable for a long time before they would see a return. His progressive mindset kept the company pushing through various strategies until 2003. In 2003 the company posted its first profit. Amazon has grown up from a little online bookstore to an e-commerce giant. Amazon created the industry for total domination.

If you too want to scale your e-commerce business, these points will help you. All you have to figure out is how you can integrate these strategies into 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.

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Motivational

Top 10 Quotes On Entrepreneurship To Keep You Motivated & Inspired

Top 10 Quotes On Entrepreneurship To Keep You Motivated & Inspired
Top 10 Quotes On Entrepreneurship To Keep You Motivated & Inspired

Entrepreneurship can take you to a world that is completely different and multi-dimensional. From taking care of business to prioritizing your own physical and mental well-being the journey can feel like a roller-coaster. The lack of a steady pay cheque, market fluctuations, and irregular working hours are some of the many variables an entrepreneur has to juggle continuously.

India`s startup ecosystem is booming with new projects and many startups have joined the elite unicorn club. It simply means that the trend will surely rise, and one can take a lot more experience and knowledge to draw on when in doubt.

Sometimes the burden of transforming your dreams into reality can take a toll and one can feel demotivated and uninspired after a few initial setbacks. You can consult with some of the best motivational speakers in India to feel inspired again.

Here is a list of 10 quotes to inspire you by some of the smartest and brightest minds, inventors, and leaders this world has ever seen:

1. It is fine to celebrate success, but it is more important to heed the lessons of failure. – Bill Gates (https://www.youtube.com/watch?v=SbOX3i-j-sw )

2. Logic will get you from A to B. Imagination will take you everywhere. – Albert Einstein

3. Success is walking from failure to failure with no loss of enthusiasm. – Winston Churchill

4. Take the stones people throw at you and use them to build a monument.- Ratan Tata ( https://www.youtube.com/watch?v=zDhF8OMwsTY )

5. If you don`t build your dreams, someone else will hire you to help them build theirs. – Dhirubhai Ambani

6. Don’t let the noise of others’ opinions drown out your own inner voice.- Steve Jobs (https://www.youtube.com/watch?v=szTlrjF9TdM )

7. Don’t take rest after your first victory because if you fail in second, more lips are waiting to say that your first victory was just luck.- A.P.J Abdul Kalam ( https://www.youtube.com/watch?v=1vbMVOA8U0o )

8. Leadership is hard to define and good leadership even harder. But if you can get people to follow you to the ends of the earth, you are a great leader. – Indra Nooyi

9. Uncommon thinkers reuse what common thinkers refuse.- JRD Tata

10. We are what our thoughts have made us; so take care about what you think. Words are secondary. Thoughts live; they travel far.- Swami Vivekananda

We hope these quotes have inspired you to take on the world, once again. To hone your business skills, you can take BCP Bada 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.

You can boost your sales easily with the right guidance from a business expert.  Learn to generate high revenue earning products for sales, generate payment links for customers, managing account-related details. Solve your problems in just one click: https://www.badabusiness.com/psc

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Strategy

5 Time Management Strategies For Business Growth

5 Time Management Strategies For Business Growth
5 Time Management Strategies For Business Growth

Summary: You don`t need to work for ten hours to accomplish your goals. You can work less and grow your business with these three principles.

Time management is something most entrepreneurs and business owners struggle with. We all keep on looking for ways that can help us to achieve more in less time.

Though time is a limited commodity, if you invest in it smartly, your life will be transformed irrespective of your age, religion, caste, creed, occupation, and gender. So if you are serious about achieving your goals, you should find good time management and work on it.

Many people work for 20-22 hours and still complain that most of their tasks are not completed. But, if you take care of your tasks completed, you can finish them on time.

Here are 5 principles that will help you to manage time constructively:

1. Set Your Mindset

“Simple scales, complexity fails.”- Steve Jobs

Everything begins in your mind. Many of us often believe that more growth means more work and a lot of us simply don`t think that it is possible to have more free time and scale up our startup business. However, to bring significant changes in our life, we need to make changes consciously.

Entrepreneurs often feel that they need to find more people and processes if they want to get work done and save time too. But if you add more elements to your business, even to save labor, you will end up adding more complexity. Hence, find more creative ways to remove tasks from your day, not add them.

2. Prioritize tasks that Yield High Results

Once you read this, you might think that it is the most logical thing to do. But ask yourself, if it is so obvious, why we don`t do it? If you take an audit of your daily tasks, you might realize that your day is packed with tasks that are not giving you results.

So, sort out your daily tasks and make a list. Whether it is answering your phone calls or taking team meetings, producing reports, or answering emails, list out every task. Most of the tasks that yield fewer results take most of your time and money.

According to the time management Pareto Principle- 80% of your results are coming from 20% of your work. All the other tasks are just wasting your time. This can also be implemented on your client base too. 80% of the company`s revenue is coming from 20% of your clients.

So to deal with this you can make a list of those tasks that yield more results. You can also consult with a business coach as well to understand the dynamics of time management. You can also watch some of the best time management techniques, right here:

3. Spend Mornings at MIT’s

Mark Twain once said, “if it is your job to eat a frog, it is best to do it first thing in the morning. And if it is your job to eat 2 frogs, it is best to eat the biggest one”. His point? Tackle the most important tasks in the morning that needs your complete focus and creativity. Accomplishing these tasks will give you a sense of achievement.

4. Prepare to-do lists in advance for the next day

Make a list for the next day every single evening before hitting the bed. Writing down all the activities in your list gives you time to plan for your day in advance. It helps you prioritize your tasks and finish them on time.

Time management is a must-have skill for every entrepreneur as it brings a harmonious balance between work and personal life. Where carrying out daily tasks successfully ensures a bright future, maintaining a personal life is also vital for well-being.

5. Do Deep Work

Coined by Cal Newport ‘Deep Work states that activities that require 100% focus and energy must be completed first in a state of distraction-free concentration that your cognitive capabilities to their limit. With this technique, you produce work with exceptional quality and value. This technique of time management strategy can also help you to improve your skills and do things that are hard to replicate.

The above-mentioned time management tips can boost your productivity. Apply these in your daily life and you can achieve more by doing less. Finishing your tasks on time will not only help you accomplish your long-term goals but also instill a sense of achievement that will keep you motivated.

If you are an entrepreneur and looking for professional guidance and expertise to grow your startup business you can take Business Coaching Program. To learn more about our business courses, visit www.badabusiness.com

Categories
Business motivation

4 Profitable Online Small Business Ideas To Start Under Rs 25,000

4 Profitable Online Small Business Ideas To Start Under Rs 25,000
4 Profitable Online Small Business Ideas To Start Under Rs 25,000

Summary: Starting a small business in an online market is not difficult as it may seem if you have a good online small business idea.

Leaving a 9 to 5 job and starting a small online business may seem like a giant task, especially when the capital is limited. Daily tasks like logistics, managing inventory, marketing, etc., often send chills down the spine of beginners.

Building a successful business is an arduous journey. However, if you have the right plan and right business strategies, your business can reap benefits for its founders, stakeholders, and several others who depend on it for their livelihood. Today, with a great business idea and the best motivational coach in India, you can start a small online business with minimum investment.

Here are four small online business ideas that can be started with a minimum investment of as low as INR 25,000:

1. Artificial Jewelry

If there is one thing after food that never goes out of fashion and demand is beautiful pieces of jewelry. The best example of it is that even during the COVID 19 pandemic when many businesses were shut down, the demand for artificial jewelry pieces remained.

There are portals like TradeIndia where people can create an online shop to contact good manufacturers for procuring jewelry and selling. She further adds that the first customers of the business can be your friends and family members who can endorse your products in their circle. To grow your online business you can consult with a motivational coach for entrepreneurs.

2. Home Bakery

If you have a thing for a bakery, you can also start your own bakery business. This business does not require a large investment. You only need a minimum investment to procure an oven and buy ingredients for baking. When starting from a small scale, there is no need of doing branding. However, it is essential to focus on the quality and delivering a product, which customers would relish. This business can be started with an investment between INR 15,000 and INR 25,000.

3. Homemade Candles

In the last few years, many people are getting inclined toward aromatherapy and scented candles. Candles are a wonderful way to enhance the interiors of homes and for gifting purposes. You can start this business online with a minimal investment either by manufacturing it at home or procuring it from a third party.

You will require wax, wick, moulds, thread, aromatic oils, and more to start your business. Apart from this, you will also need to have some candle-making equipment, which includes a melting pot, pour pot, thermometer, weighing scale, hammer, and an oven to melt the wax. Once your business starts growing, you can also hire a business coach for entrepreneurs.

4. Bedsheets

Starting an online bedsheet business is quite pocket-friendly for founders as the products can be bought in bulk and at a cheaper cost from the manufacturers. Many manufacturers are available on Indiamart and entrepreneurs can connect with them. You can also purchase bedsheets from cities that are famous for their bedsheets like Jaipur, Panipat, Surat, Delhi, and Kolkata.

If you have a great online small business idea, you can begin to work upon it because they require minimum investment. To ensure that your business runs smoothly, you can also consult with the best motivational 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. To know more, you can visit www.badabusiness.com.

Categories
Strategy

5 Key Strategies For Small Business To Sustain Online

5 Key Strategies For Small Business To Sustain Online
5 Key Strategies For Small Business To Sustain Online

Summary: To have a sustainable business online in today`s dynamic business world, companies must think beyond traditional strategies and look toward more innovative possibilities.

We are living in a world where digital dependency is at its peak. In this post-pandemic world, embracing digitalization is not a choice, but has become a necessity. A multitude of businesses has already adopted digital processes. However, many are preparing themselves to embrace this ongoing demand of the business by taking help from the motivational coach for entrepreneurs.

But with all its benefits, it is very essential to follow a few key strategies to ensure that your business sustains in this digital era:

1. Create an unforgettable Brand Image

From “Thanda Matlab coca-cola” to “daag ache hain”, a powerful brand image is required for businesses to increase their product sales. Great products and amazing visuals go hand in hand. Great visual imagery can play a crucial role in the success of a business. When we talk about visuals, minute details like symbols and colors, and how you display your products online play a crucial role.

Most businesses pay a great deal to produce an excellent range of products without giving a thought to visual depiction. The online space has cut-throat competition and one of the best ways to give a leap to your business is by investing in quality visuals. Working on your brand image from the start is the best way to create a connection with customers.

2. Adopt a Flexible Pricing Strategy

Any business depends on how the products are priced. If you price your products at a loss or a very less margin, it will be very difficult for you to grow and scale. This is why product pricing is one of the trickiest aspects of a business. With so many options, entrepreneurs often find it difficult to finalize the correct price point keeping customers in the center, while also maintaining brand differentiation.

If you are new to the business world, there are many business coaching programs that you can take to gain in-depth knowledge about the various dynamics of the business world.

3. Minimize Cash on Delivery Failures

Every startup business that starts operating online needs to build trust at the initial stage. Until the customers have built their trust with the brand, cash on delivery is almost inevitable. But it can cost businesses. When a customer returns a product, businesses have to bear the shipping charges- twice.

Verifying orders, limiting payment methods, and incentivizing your audience with discounts with online payment methods will create trust and help you reduce unnecessary spending. Try to optimize payment and order tracking, in the beginning, to avoid any complications in operations later on.

4. Go Slow & Steady

As an entrepreneur, it is not just important to visualize an idea, but also to execute it and keep improvising. The best way to ensure that your business grows consistently, start small. Don`t try to tick all the boxes in one go. Your idea of business will go through multiple stages of trial and error before it comes to flourishing.

So the first step is to test it. Observe and study how your product is getting received by a small section of your audience, before going all out. In an environment that is constantly on change, it is best to refine offering as much as possible.

5. Understand Advertisement & Promotions

The world of advertising is quite difficult to understand completely. However, it plays a key role in introducing a business to the audience. In this age of the internet, digital ads and posts are everything. There are many online courses for entrepreneurs that allow you to pick the best course for your business. So, focusing on social media is something that can help your business to sustain itself in the long run.

The above-mentioned key strategies will help your business to stay upgraded with the latest trend and innovative possibilities. Instead of doing everything on your own, outsource them. Look for trusted people that can cover tasks for you and focus your attention on tasks that need your focus.

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
Startup

4 Non-tech Startup Business Ideas For Entrepreneurs

4 Non-tech Startup Business Ideas For Entrepreneurs
4 Non-tech Startup Business Ideas For Entrepreneurs

Summary: Times have changed and so have the market! Find out what are non-tech startup ideas you can start in 2022.

In today`s era where everything involves technology, many non-technical people with innovative ideas often think that they can`t start their own business. However, in today`s era, there are many startup business ideas. Opportunities in today`s era, have widened its horizon to the sky and beyond.

While there are thousands of business ideas, only a few of them are profitable. So if you are looking to attain financial independence by starting your venture, here are four non-tech startup ideas you can use in 2022:

1. Insurance agents

With the ongoing pandemic situation in the world the insurance have become crucial. The area of precaution nowadays is not just limited to the medicinal part but has also introduced elements of safety via insurance to all levels.

From general insurance to term insurance to life insurance, the agency shows concern for you as well as your family members. Not just individuals, but corporates too provide insurance to their employees. You can become an insurance agent and can earn money on a commission basis. Becoming an insurance agent is one of the best non-tech startup ideas.

2. Travel Agency

Do you love traveling? Do you like planning itineraries for your trips and others? If yes, then you can become a great travel agent. In today`s world, people are busy with their hectic schedules. Hence, the only thing that they look for in today`s world is a unique travel experience.

So if you love going to offbeat places, you can start your travel agency. It is a great business in which technical skills are not required. Instead, you can earn a handsome package by just doing some research and exploring beautiful places across India or the globe.

3. Wedding Planner

The big fat Indian weddings are famous all across the globe because of their glamour, vibrancy, and decadent. An enormous amount of planning, coordination, and arrangements go behind the scenes to make weddings unforgettable. However, wedding planning and coordination can become a lucrative career as well. If you love planning, you can become a wedding planner. It is the best non-tech startup idea which is a highly profitable idea for you.

4. Fashion Boutique

Do you have an impeccable fashion sense? If yes, you can open a fashion boutique. Opening a boutique is one of the most ongoing and lucrative non-tech startup business ideas. If you have a sense of style and you can sense the market preferences to the point, this profession is perfect for you.

The above-mentioned non-tech startup ideas are perfect for those who want to start their venture but lack technical skills. These business ideas do not require any technical background and can be initiated easily with minimum investment.

To understand the nuances of business, you can take our business coaching program and learn from the experts.

Categories
Process & Business Expansion

7 Top Debt Management Tips For Small Businesses

7 Top Debt Management Tips For Small Businesses
7 Top Debt Management Tips For Small Businesses

Managing finances when you have just started a business can be quite challenging. Most often small startup businesses operate on a good note at the very beginning. But if entrepreneurs don`t have a lot of experience with managing business finances, soon the business can drown into business debts.

Hence, the most important step for any business owner is to educate themselves. They must know how to do simple accounting tasks, apply for loans, or draft financial statements. By keeping themselves updated, entrepreneurs can save their businesses from financial losses. There are many online business courses for entrepreneurs that offer in-depth information regarding debt management.

Being in debt is like a nightmare- never-ending & scary! Debts can be quite stressful, which is why it is necessary to tackle your finances and get them under control. But trying to get out of your debt or improve your credit score is like running on the treadmill. You will keep running but won`t reach anywhere.

So whether you are a student or a manager, creditor, investor, supplier, regulator, or any stakeholder in an organization managing your finances is paramount! Get more from what you spend, credit score, financial purchases, and surplus funds to build a business.

1. Pay Yourself

It is very common for small business owners to invest their capital into day-to-day operations. Though, investing money can help your business to sustain itself in the long run, as an entrepreneur you must compensate yourself too. Always ensure that your business and personal finances are in great shape.

Learn the Interest rates, fees, charges, negotiating terms, and other product-specific features you must consider through our Problem Solving Courses.

2. Invest in Growth

In addition to compensating for yourself, it is very crucial to find new opportunities that offer growth. This way your business will thrive and move in a healthy direction. From poor spending decisions to impulse purchases & investments, learn what mistakes end up costing you in the long run and figure out golden opportunities that will help your business to grow. You can take online course for entrepreneurs to understand the dynamics of making financial investment.

3. Find ways to get your business out of debt

Loans can be scary. They can lead to financial worries and repercussions that may fail. Hence, reducing expenses, reviewing the budget, or consolidating debt, find out effective ways with our Problem Solving Courses that can get your business out of debt. 

4. Avail Government Loan Schemes

There are many policies made to benefit the debt-owners by the government of India. To empower small business owners, the Indian government has launched multiple loan schemes that come with minimum interest. You can learn about policies to ensure your business is on a road to growth. 

5. Keep Good Business Credit

As your business grows, you may want to buy some commercial real estate, acquire insurance policies and take out more loans to facilitate smooth business operations. Maintaining your credit score can help you manage your debt easily. Learn how to manage your bad debts with our Problem-Solving Courses on our app. 

6. Have a Good Billing Strategy

Managing small business finances also means managing cash flow. A consistent cash flow ensures that your business is operating at a healthy level on a day-to-day basis. Hence, it is very important to manage payments from your clients or customers from time to time. If you are struggling to collect payments from certain customers, it is time to get creative to bill them.

7. Know how to recover your debt from the market

Develop & strengthen your debt recovery strategy to help reduce costs, save time, and maximize resources with our business

Improve your own personal & business finances,  grow your income, budget the smart way, and reduce your debt with our Problem Solving Business training courses that also include ‘debt management’ to become debt-free over time.

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.