Tag: Business Coaching Program

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Business motivation Motivational

5 Powerful Business Lessons Every Entrepreneur Should Learn!

5 Powerful Business Lessons Every Entrepreneur Should Learn
5 Powerful Business Lessons Every Entrepreneur Should Learn

Summary: Every startup has a unique journey and its share of dos and don’ts. So why not learn from them instead of making the same mistakes again?

Ravi started his first business at the age of 19. Though he had a knack for how to start a business, he lacked how to manage it. So, his business grew quickly with just five employees in three states. His revenue was good, and the business was running smoothly, but because he lacked how to manage a business, things got out of control in no time.

Five years into the business, Ravi was in INR 10,000,00 debt. His dream of entrepreneurship had turned into a nightmare.

So what is the moral of this story? You might know a lot of things, but still, there are a few things that young entrepreneurs need to know.

Entrepreneurship can be wonderful and a fulfilling journey if you build your business the right way. Here are five wonderful lessons that you might want to learn today:

1. Know Your Customers Well

Seth Godin said, “If you try to reach the whole world, you will end up reaching no one.” If you are a “jack of all trades,” you will have a tough time growing your business. Your efforts to grow your business and focus to work in that direction will be scattered.

Hence, it is very critical to know your customer in and out. The more specific you can get to who your ideal customer is the better. It will help you to figure out the best way to find more potential customers. You can also take guidance from the best business coach who can help you to understand the buyer’s persona.

2. Don’t Over Promise & Under Deliver

In the business world, if you promise your customers a miracle, you should deliver one. If you want to grow your business and sustain it in the long term, you have to be the kind of business that always keeps its promise. For startups, there are going to be limited initially on what you can do, but that’s ok. Focus on your strengths.

3. Stay Organized

Whether it is home or work, unorganized surroundings and way of work could be frustrating for everyone: your staff, your customers, and your mental health! Staying organized is important to keep your business running smoothly. A disorganized way of working will repel new customers from doing business with you in the future. To keep your business organized, start simplifying things. This will eliminate the clutter and keep your business operations organized. Find a business coach who can help you navigate the challenges that a startup has to face, initially.

4. Focus on things that will Help You Grow Your Business

One of the most important lessons, which is applicable not just at work, but also in every sphere of life is to manage your time. As an entrepreneur, it is very important to learn where to focus your time. Don`t get distracted by too much information that might appear shiny and bright. Instead, focus on what is essential for the growth of your business and apply it wherever it is necessary.

5. Get Over Failure & Setbacks Quickly

Whether it is Einstein, Thomas Edison or Steve Jobs, or any other successful entrepreneur, one common thing that they share is FAILURE. Entrepreneurs often hold back because of ‘Fear of Failure’.  However, the truth is that failures are momentary set-back and not business-ending events, which send you in the right direction. When you experience failure, you must know that it is not the end of the world. Brush off the dust and move on, determined to come back even stronger. You can also work along with a business coach who can help you spot your shortcomings and direct you to bounce back.

You can have a good idea, but to be the most successful entrepreneur you must know how to turn a good idea into a viable product or service for your business. You can give it all, but it is important to know that it takes time and feedback from your customers to get your best.

So don’t be that “I know it all” entrepreneur. Be open to new learning and stay curious to look at things from a different perspective. Learn these lessons and your business will thrive.

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 our courses, visit: www.badabusiness.com

Categories
Finance

6 Simple Yet Effective Ways To Make Extra Money Quickly

6 Simple Yet Effective Ways To Make Extra Money Quickly
6 Simple Yet Effective Ways To Make Extra Money Quickly

Summary: Want to make more money online? Here are five proven ways to make extra money.

Well, we keep on working throughout our lives to ensure our future. We keep wondering about questions such as how to pay our bills post-retirement and how to ensure that we receive continuous income? So, someday you won’t have to worry about money, rent, bills, and credit card debt. But today, you will have to take control of your financial situation.

So whether you are looking to earn extra income or want to get rid of your nagging customer care executives who do not forget to give you a call reminding you about your unpaid bills, these distinct ways of side-hustles will help you earn extra money.

Here are 6 ways through which you can earn some extra money online through various apps, and offline, too. The best part?…. You require little or no capital at all. So keep scrolling to know more.

1.       Become a Market Research Participant

By participating in market research, you can earn real money easily. Multiple companies conduct surveys and offer money for not a lot of work. All you have to do is complete an online survey on the company’s products or services by giving your feedback. 

There are many companies online that may ask you to join a focus group to simply share your opinion and will compensate you with cash or a gift card. It involves you writing or stating your feedback in polls or paid surveys. This will not take much time and is a great way to earn extra income. You can also listen to the best business motivational speaker to ensure that you are always motivated.

2.       Sell Old Books & Games on Amazon

Have old books or old games that you don’t play anymore? You can make more than just a few bucks if you have pricey books and games by selling them on Amazon, eBay, and Olx. Platforms like Amazon or eBay make it to list and sell your old books and other items on its marketplace. All you have to ensure is that your items are in good condition.

If you attempt to sell books that are falling apart or games that are scratched up, you will receive negative reviews. 

Pro tip: If there are any defects, be honest about them and mention them beforehand.  

If you are an influencer, you can also earn income through Amazon’s affiliate marketing. Affiliate marketing is a business model in which a company sells its products through a third party or affiliate, who charges a commission in return for promoting the product.

3.       Answer Questions on JustAnswer or Quora

Do you think you have the expertise in a particular subject? If yes, then platforms like Quora and JustAnswer could be a great way to earn extra money as they allow doctors, engineers, lawyers, and others with enhanced knowledge to earn a small income by merely answering questions from people who would otherwise have to pay a hefty sum for those answers. You need an internet connection and expertise in a particular field. It is a very lucrative option if you are looking to earn a bit of cash in a hurry.

4.       Take Dogs on Walks

So if you are a dog lover this option could be an excellent way to earn a few quick bucks. Although there are networks and platforms to connect dog owners with dog walkers, you can also show up at your neighbor’s doors to advertise your services. You can collect reviews from your clients to establish your credibility.

5.       Tutor Students

Parents are always willing to invest in their children’s future, especially in India. Though there are many online platforms where students can get online lessons, many parents still trust a human connection much more than an internet connection. If you know subjects like math, computers, science, etc. or any other subject, you can take coaching classes. If you have a startup idea, you can listen to a business coach to get professional advice.

6.       Conduct a Webinar

Conducting a webinar may sound intimidating, but it is one of the best ways to earn cash quickly. If you know your subject and target audience well, you can make loads of money in a very short period.

These distinct ideas can help you to earn quick cash without much hustle. You can try them and let us know which one worked for you the most.

Looking to gain in-depth knowledge about entrepreneurship? 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 our programs, visit:  www.badabusiness.com.

Categories
Leadership Building

5 Powerful Leadership Lessons From The Life Of Draupadi Murmu That Will Inspire You!

5 Powerful Leadership Lessons From The Life Of Draupadi Murmu That Will Inspire You!
5 Powerful Leadership Lessons From The Life Of Draupadi Murmu That Will Inspire You!

Summary: Draupadi Murmu who has been elected as the 15th President of India is also the first tribal woman to become the country’s President.

The race for the Presidential seat that has many prominent personalities like Yashwant Sinha is finally over with Draupadi Murmu winning the presidential polls by an overwhelming margin.

Born on June 20, 1958 in Odisha’s Mayurbhanj district, Draupadi Murmu hails from a tribal community. She came into the national spotlight after being picked as the presidential nominee in the July 2018 polls. Spanning two decades, she has had a very illustrious career graph.

However, her journey was not completely a bed of roses. Life has tested her patience and grit at every step. Despite the challenges, she stood tall and kept on moving forward.

From living in a hut with her family to Rashtrapati Bhawan which has 340 rooms, she is a living inspiration for all of us.

Today, Murmu has become an ideal not only for India but for billions of people around the world. Here are 5 leadership lessons from her life that we all can learn when it comes to following our dreams:

1. Don`t Let Difficult Circumstances Stop You

Born on 20th June 1958, Murmu hails from Mayurbhanj in Odisha. Coming from a tribal family, her childhood was spent in extreme poverty in the country’s most remote and underdeveloped district. Many basic amenities that we relish so commonly were not even available in her village.

Despite the atrocities that life threw at her, she went ahead and finished her schooling between 1969 to 1973. She went to pursue her bachelor’s from Rama Devi Women’s College in Bhubaneshwar. Murmu became the first woman from her village to go to Bhubaneswar to complete graduation and received her Bachelor’s degree in Arts.

2. Don’t Let Obstacles Change Your Goals

Coming from a very humble background, Draupadi Murmu got married to Late Shyam Charan Murmu. The financial situation was more or less the same. In 1984, Murmu lost her firstborn daughter when she was just 3 years old. Between 2010 to 2014, she lost her two young sons and her husband. The loss was too much to bear and she also slipped into depression for some time. Despite this heart-wrenching loss, Murmu gathered herself and did not let her grief stop her from chasing her dreams and the rest is history.

3. Set New Benchmarks

Draupadi Murmu started her career as a teacher in Aurobindo Integral Education Center, Rairangpur, Odisha, and later joined politics. She took up this role so that she could teach her daughters as well.

Her political career started as the vice-chairman of the Rairangpur NAC. Draupadi Murmu was honored by the Odisha Legislative Assembly with its Best MLA of the Year 2007 award. She was the first Odia woman and tribal leader to be named governor of an Indian state. She served the full term of her office.

4. No Dream is Too Small

Elected at 64 years and 46 days, Murmu is the youngest President of India. While taking an oath as the 15th President of India, she said, “My election is proof that the poor in India can dream and make them come true.”

Draupadi Murmu also served as a junior assistant in the irrigation and power department in the Odisha government. She has handled various ministries such as commerce, transport, animal husbandry, and fisheries in the Odisha government.

Murmu also served as the President of BJP`s Scheduled Tribe Morcha in Odisha between 2006 to 2009. In 1997 she was elected as Councilor in the Rairangpur Nagar Panchayat, and later on, became Vice-Chairperson.

5. Never Lose Hope

Draupadi Murmu who was sworn in as the 15th President of India had to experience many challenges that life threw at her. Often in life, we encounter situations that have the

power to break us down. But the real courage lies in getting back again and overcoming those challenges to follow our dreams.

From living in a place where even the basic amenities were not available to residing in 340-room Rashtrapati Bhavan which is laced with amenities, Draupadi Murmu`s journey has been a roller coaster. She has faced many challenges and learned to overcome them with her sheer courage, persistence, and determination toward her goals.

Draupadi Murmu is a true example of a powerful leader who with her determination, true courage, and perseverance chose to stand tall instead of lying down and giving up. Her journey has been an inspiration to millions of us to never stop trying, no matter what!

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, visit: www.badabusiness.com

Categories
Marketing

4 Mistakes To Avoid While Investing In Stock Market

4 Mistakes To Avoid While Investing In Stock Market
4 Mistakes To Avoid While Investing In Stock Market

Summary: While investing in stocks it is easy to get carried away by numbers and record highs. Don`t make these mistakes in the stock market especially when it’s too tempting.

Investing in a stock market is a serious affair and a long-term game. Despite this, many investors in India tend to succumb to their emotions every time the market hits a new high. There have been many firsts for the Stock Exchange. When it hit 1,000 for the first time, it was an all-time high! And then it reached 10,000, 20,000, 40,000, or 50,000…and with every new record, the story continued.

There will be a time when the Sensex will cross the 100,000 mark and then 500,000, but we don`t know when that will happen. No matter how many records the market is breaking, the basic rules of investing don`t change. If there is one important thing that you should remember while investing in the market, it is that market high is not a destination; it is a journey towards wealth creation.

To ensure that this journey is smooth and produces desired results, you can listen to a business motivational speaker who has a good experience in financial investment.

Here are some golden tips that you should consider before investing in the stock market while it rides the bull:

1. Avoid Fear Of Missing Out

Many people suffer from FOMO or fear of missing out when they could not participate in the stock market rally. Recently, the same happened in India and now there is a strong urge to invest before they lose more. But fear of missing out on some perceived gains should not be the guiding principle when it comes to investment. It is best to avoid FOMO because it will lead to many irrational money decisions that will result in losses.

2. The Market is Smarter

A market is a forward-looking machine. It means that the market always sees things we cannot. It has discounted the third or even the fourth wave of the pandemic. However, there is a huge difference between the market’s performance and a nation’s economy.

The Sensex has its own rules, which is why the market keeps proving everyone wrong. This is why investors should not overthink. Focus on diversifying your portfolio, asset allocation, and risk profile. Control the controllable before it goes out of control, i.e., your behaviour, your money, and hence your losses. To know everything about Share Market from the scratch, watch here:

3. Don`t Invest in Meme Stocks or Trending Stocks

You must have heard about various stocks and their sky-rocket prices without any strong fundamentals in place. It is a pure play of operators and the community. Similarly, many people invest in penny stocks and meme stocks in India based on the news for a quick gain. However, always know the fact that whenever a stock is trending, it is trending for the wrong reasons.

It is important to remember that you are investing in businesses and not in stocks. Find good businesses, and avoid investing in memes and penny stocks. Understand your risk profile, and financial goals, and do thorough research before you pick any stock, the way you do it before buying a car or a house.

4. Don`t Follow Anyone Blindly

Be it Rakesh Jhunjhunwala or Warren Buffett, never follow anyone blindly. These legendary investors are experts in the stock market and there is nothing wrong with their investing advice, but the issue lies in following any advice blindly. If you follow Warren Buffett, you must be aware of his famous quote on diversification. He says, “Diversification is for the ignorant.” It simply means that those who know how to pick the right stock at the right time should only invest in a few stocks instead of spending on multiple stocks across multiple sectors. But this does not always work for a retail investor.

When you invest only in a few stocks, you put yourself at a huge risk of having a concentrated portfolio. So always have a diversified portfolio, unless you have the money, time, and expertise to select stocks like Warren Buffett.

Never invest in one go, especially when the market is showcasing high fluctuation. So unless there is a good correction, always spread your investments into tranches. For example, if you have Rs. 5 lakh to invest, then divide that into five or six months and invest accordingly.

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 our courses, visit: www.badabusiness.com

Categories
Marketing

7 Unique Ways To Boost Customer Retention Effectively

7 Effective Techniques To Get More Loyal Customers
7 Effective Techniques To Get More Loyal Customers

Summary: The ultimate goal of any business is to attract customers and retain them.

The foundation of growth and success for every business is staying relevant to their customers, and companies always try to focus on this. Attracting customers is critical for any business. However, their ultimate goal is to get those customers to return and become regular buyers.

Attracting a customer is one thing, but ensuring that they keep returning and stay loyal to your product or service can be challenging. This may seem like a challenge, but some unique methods can be used to retain your customers even more effectively.

Through effective marketing and other actions as well, you can turn a first-time buyer into a loyal fan of your brand. You can also work along with a business coach who can guide you with his expertise to come up with unique ideas to increase customer loyalty.

Here are seven unique methods that you can use to retain your customers:

1. Keep Communications Transparent

Honesty, openness, and vulnerability- are the factors that hold a lot of significance to customers. They want to do business transactions or deal with brands that set realistic expectations and exceed them almost every time. In case they don`t, they take steps to make it better when that happens. Customers truly want to deal with businesses that are transparent about their humanness.

2. Focus on Building Relationships with Customers

Customer relationships are the foundation of customer retention. To build relationships with customers means investing time in understanding their needs, requirements, concerns, their experience with a product or service. A business coach with relevant industry experience can help you to build stronger relationships with your customers.

How you treat a customer before and after he or she purchases your product or service demonstrates who you are. It helps to strengthen your relationship with the customer.

3. Ensure Excellent Customer Experience

If you want to retain your customers, focusing on providing a high-quality customer experience, which translates to providing a service that far exceeds their expectations, can work in your company’s favor. To ensure you are giving your customers nothing but the best, give them quality service or products that are above and beyond their expectations.

4. Interact With Your Customers via Social Media

Today, your target customer is present on social media. Social media platforms have emerged as a boon for marketers and advertisers as they provide easy access and wider exposure to reach out to their consumers firsthand. So, why not engage with them?

Engaging with your customers online via social media is a great way to keep them engaged with your brand as well as remind them that you’re “there” to be of service.

5. Make Your Customers Trust You

People want to associate with a brand that is honest and has its customers’ best interests at heart. Keep your communications clear across all the platforms of your marketing touch-points. This means following all legal and generally accepted safety protocols. Keep a tab on public sentiment to understand what is working and what needs to be updated.

6. Lead with Compassion

Empathizing with your customers once they have purchased your product or service is a great way to solidify your relationship with consumers. Reach out to your existing users to hear how they’ve been affected. If you understand their concerns, you are well-equipped to solve their immediate needs.

7. Make Your Customer Feel Special

People remember how you make them feel. So make your customers feel valued, appreciated, and important. People crave connection, so make your customers feel valued, appreciated, and important by tapping into the good feeling that your product or service creates for customers. Invest the time to make it personal and create a customer environment that allows them to have a sense of belonging.

We often receive hundreds of emails from brands sending us a link to click on. But how many of us open those emails? Instead of trying to stay on top of mind by sending the same email that other companies are sending, send an email telling a story about your company and what you are up to.

Don’t sell. Don’t market. Just create a bond with your customers and lead with compassion.

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.

Come be a part of India`s most powerful business training ‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra which will be held on 22, 23, and 24 July 2022. To know more about this event, visit https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078 .

Categories
Motivational

Top 5 Offbeat Jobs That Pay High Salaries & Are Completely Fun!

Top 5 Offbeat Jobs That Pay High Salaries & Are Completely Fun!
Top 5 Offbeat Jobs That Pay High Salaries & Are Completely Fun!

Summary: Most of us are stuck in 9-to-5 jobs. But some people have taken up the offbeat path when it comes to doing jobs.

Click..click….click…..Ctrl+C…Ctrl+V……save file…save as….Ctrl+shift+Del……….Well, a lot of us working in mainstream jobs might be getting our salaries on time. But very few of us would say that we are satisfied with our work.

We are stuck in a routine and our work schedule has become mechanical. Still, we choose to do 9 to 5 desk jobs each day. But a few lucky ones amongst us dared to dream differently and escaped the rut by doing some of these offbeat jobs that we are sure you have not even heard of.

Want to explore unique opportunities that will pay you well? Attend our ‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra to discover unconventional business ideas.

Here are a few business ideas that pay surprisingly well:

1. Professional Cuddler

Gone are those days when the only profession was doctor, engineer, or lawyer. Today, there is no dearth of unique ideas that is a driving change behind the blooming startup ecosystem in India. One of these unconventional professions is to become a ‘professional cuddler.’

Many people have adapted it as a full-time profession and are earning pretty good. Trevor Hooton is a professional cuddler and hugger who charges as much as Rs 7,100, for an hour’s service. He also goes by the name ‘Treasure’ and offers ‘connections coaching’ for people who find it difficult to form relationships. According to Trevor, a lot of people do not understand the profession.

2. Become a Professional Bridesmaid

If you are good at giving wedding advice and guidance to all your friends when it comes to costume color, design, hair-dos, make-up, and footwear then you can consider becoming a professional bridesmaid.

Most often we see that brides need their friends around for beautiful photographs and of course emotional support. Many companies provide bridesmaids who provide exceptional services that include offering day-of advice to giving a beautiful toast at the ceremony. You can earn from INR 6000 to INR 7000. Sounds interesting? So put on your best dress and heels, and get ready to enjoy a wedding as a bridesmaid.

3. Water Slide Taster

As bizarre as it sounds, a water slide tester gets paid well. Job responsibilities include taking multiple rounds and trips down the slide to see how much it needs, how quickly you reach down, and how safe it is. Well, having fun during job hours goes without saying. So are you ready to make a splash?

4. Ice Cream Tasters

Does your heart skip a beat when you look at a cup filled with delicious ice cream? If you just nodded your head into a yes, this unconventional idea will make your taste buds extremely happy. Ice cream tasters, otherwise known as food scientists, sensory analysts, or “flavorologists,” can make up to $60,000 a year. If you’d like to get paid to try out new ice cream flavors, this unconventional career path may be for you.

5. Food Photographers

Have a look at your Instagram account. Do you see lots of dishes lying creatively in your posts and reels? Are you passionate about clicking pictures of delicacies and mouth-watering food decorated on a platter? Can your pictures make a badly-cooked dish look appealing to the eyes and other sensory organs?

If you love clicking pictures of food served on the table, you can become a food photographer. A food photographer is in great demand and makes a generous income these days. Chefs and restaurant owners hire food photographers to capture beautiful pictures of food for promotional use. Not just in the hospitality sector, but also they are in great demand by magazines, cookbook publishers, and newspapers too.

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 also attend Leadership Funnel Program 2.0 by Dr. Vivek Bindra which is going to be held on 22, 23, and 24 July 2022. For more information, visit https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078

Categories
Motivational

Top 10 Motivational Quotes By Dr. Vivek Bindra To Help You Chase Your Dreams

Top 10 Motivational Quotes By Dr. Vivek Bindra To Help You Chase Your Dreams
Top 10 Motivational Quotes By Dr. Vivek Bindra To Help You Chase Your Dreams

We all want to succeed in life. However, the road to success is not always a bed of roses. And sometimes despite giving our best, nothing seems to work our way out. We feel like giving up and we might feel nothing will ever change for the good.

The nature of being an entrepreneur means that you are comfortable with being challenged regularly. Many people often consider this career path irrational as success is not guaranteed. But many people do succeed because of their unwavering belief and laser-like focus.

You can achieve all your goals if you have faith and belief in yourself. If you are passionate enough to go that extra mile to fulfill your dreams, you can make a difference on the road to success. You can learn how to navigate the business challenges by being a part of India`s most powerful webinar ‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra.

If you feel like giving up due to constant challenges, here are the top 10 motivational quotes by Dr. Vivek Bindra that will reignite the spark inside you to follow your dreams:

  1. Don’t focus on multiple things, focus on the main thing and the business will follow you.
  2.   Leadership is about taking responsibility, not making excuses!
  3.   Difficulties in your life are not dead ends. They are just the sweet bends!
  4.   Surround yourself with people who have ambitious plans, meaningful purposes, and big goals.
  5.   You can’t convince people by convincing, you convince people by connecting!
  6.   Attraction to distraction drifts you away from your goal!
  7.   Success is not about changing reality. It is changing the mentality behind reality!
  8.   When failures hit you, you hit the failures back with a bounce back.
  9.   If you try to be the best you’ll be number one, if you try to be unique you’ll be the only one.
  10.   If you don’t help yourself, nobody in the world can help you to help yourself!

Starting a company is like a roller coaster of emotions with tremendous highs and at times, difficult lows, but one thing that will help you through the ups and downs is to connect with some of the greatest minds. Why not reach out to people who will help you to grow and evolve in your industry? Join India’s most powerful Leadership Funnel Program 2.0 by Dr. Vivek Bindra on 22nd, 23rd, and 24th July 2022.

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 our event and its exclusive benefits, visit: https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078

Categories
Motivational

4 Streams Of Income That Will Grow Your Wealth

4 Streams Of Income That Will Grow Your Wealth
4 Streams Of Income That Will Grow Your Wealth

Summary: Want to create passive income? Here are four income stream ideas to try out.

Studying about millionaires and billionaires is quite interesting. Why? They are more often than not regular and ordinary people, who with their sheer dedication and remarkable discipline have achieved everything they ever wanted to.

Successful millionaires too have twenty-four hours a day, but they use it differently from the rest of the world. One thing which is common among them apart from being wealthy is that they have multiple streams of income.

According to an article on CNBC, 65% of millionaires have three sources of income, 45% of millionaires have four sources of income, and 29% of millionaires have five or more sources of income streams.

Passive income is a powerful tool.  It can increase your wealth passively. So, here are the top four streams of income that will boost your bank accounts.

Before we begin to tell you about the different streams of income, we would also like to allow you to hone your leadership skills with the best motivational speaker– Dr. Vivek Bindra at the most powerful business training event ‘Leadership Funnel Program 2.0’.

1. Real Estate Syndications

Passive income streams are one of the basic wealth-building blocks. Every person on this planet only has 24 hours in a day. No matter how much you can actively work, you will always hit a limit on how much you can earn and how much you can save.

With passive income, you can turbocharge your wealth generation as you will continue to make money even as you sleep. Real estate syndications are one of the best passive sources of income. It is a group of investors that purchase a particular commercial or multi-family property. These investments feature yearly returns of around 8% and typically run for about five years. Apart from these above-average returns, when syndications sell the purchased building, investors are provided with a 30%-50% lump-sum return at the end of those five years.

2. Investment Income

Investment income is another common type of passive income stream that will grow your wealth. This category is more generic as it includes dividends from equities and bonds. These investments will not pay life-changing money, but as you grow your wealth, the stock market is a fantastic place to park your money safely while it grows and earns quarterly or monthly income. The key to wealth building is diversification and making smart investments can help you achieve that goal.

Another way is to attend India’s most powerful business event ‘Leadership Funnel Program 2.0’ with Dr. Vivek Bindra who is a business coach to many corporations in and outside India.

3. Business Income

Many people do a side-hustle to earn extra income. This may look ordinary, but in the long run, it can help you to grow your wealth exponentially. Whether making or selling something or providing services, owning a business opens up a world of limitless income possibilities. Suppose you’re a copywriter and you are quite good at your work. You can find clients and work as a freelancer and earn something extra. You can reinvest it in your business or you can leverage your side gig to save more money tax-free.

4. Renting Out Your Car

From BlaBla to QuickRide Carpool & Taxi peer-to-peer rentals have become remarkably popular. Many companies were hit during the pandemic and sold many of their cars. You can turn this into a side business of sorts. It’s not just property you can invest in and rent — if market trends continue, renting out cars is fast becoming a viable income stream!

If you want to grow your wealth, you need multiple streams of revenue. Relying too heavily on one stream typically is risky. What happens if you lose it? Similarly, if that singular income stream requires work, you limit how much you can make because there are limited hours in a day that you can work.

All of the four streams of income above are fantastic ways to grow your net worth. If you haven’t already, consider diversifying your portfolio by implementing the income streams suggested above! It will help you to increase your wealth passively.

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 be a part of India`s most powerful business training event ‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra.

To know more, you can visit: https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078

Categories
Business motivation

3 Key Tips To Create Ideal Buyer Personas For Your Brand

3 Key Tips To Create Ideal Buyer Personas For Your Brand
3 Key Tips To Create Ideal Buyer Personas For Your Brand

Summary: Want to connect with customers who are genuinely looking for your products?

Is it Ramesh who is the marketing manager in an MNC, Ravi from the sales department in a small store, Neeraj, who is a student, or Laxmi, who has just started her dream venture and looking for products and services to expand her business?

Do you know who your customers are? And if so, how well do you know them?

For any business, it is essential to know its target audience. If you don’t know who your customer is, you can’t expect your business to grow and sustain in the market. This is why making buyer personas are important.

A buyer persona is a semi-fictional representation of your ideal customer based on data and research. It not just gives you time to focus on qualified prospects but also guides product development according to your customers’ requirements.

A buyer’s persona just like a business coach helps you to understand your customers better.

This will help you to attract high-value visitors, leads, and customers to your businesses that are going to stay with you for a longer time.

“Okay, so personas are really important for my business. But……from where should I begin and how do I make one?”

Well, this is a million-dollar question. The good news is that it is not difficult to create one. It depends on your market research and customer data.

Here are some tips you must keep in your mind while creating an effective customer persona to grow your business:

1. Narrow Your List

The first thing when you are creating a buyer’s persona is to understand that only a small  niche of people represents a portion of your audience instead of everyone. Understanding this will give you a clear view and a good start. Once you acknowledge that there are distinct customers with unique requirements and goals, it will be easier for you to develop personas to match your visitors. Narrowing your list will help you understand who visits your website and why.

E.g. if you own an online pet store, you should only consider that segment of your audience who either are pet owners or live animals. They can be further divided into two groups- cat lovers and dog lovers.

If you are working with a business coach, you can take his guidance and support to create an actionable buyer’s persona.

2. Practice Social Observation

Social listening or observing is the process of observing what people are saying about your brand. This can give great insights inside a consumer’s mind to business owners and marketing teams. Read their responses on various platforms like Twitter, Facebook, and Instagram.

Track hashtags, mentions, and industry-related tags across all social media platforms. Use this information to get a glimpse into the mind of your customers. For instance, you get lots of appreciation on social media for fast delivery and great pricing. But they also mention that you do not have a great product that they would like to buy.

So if the request is within your territory, you can consider finding a way to resolve this challenge. Also, there is one thing you must remember—when building personas through social listening, you will have to learn to cut through some noise.

3. Review Feedback & Customer Support Tickets

Did you know that feedback, reviews, and even customer support tickets have the power to create customer identities? These days almost every business creates a feedback form that they present to new and old customers or website visitors. These forms cover various topics related to products or something broad, like the design and appearance of your website.

These forms can be a great way to learn about how customers feel about your brand. If someone takes the time to submit a feedback form, they are interested in seeing your business grow and succeed.

These tips can help you to understand your customer and build a persona based on their demographics. It will help you learn more about your target audience and improve your marketing efforts. You can hire a best business coach to help you navigate the challenges that many entrepreneurs face in the initial stage of their startups.

However, it’s worth noting that creating a buyer’s effective persona will take time and not happen. So, spend a considerable amount of time on social media, reviewing comments and forms on your site, and gathering information through emails and newsletters.

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

5 Ways To Become Smarter At Managing Business Easily!

5 Ways To Become Smarter At Managing Business Easily!
5 Ways To Become Smarter At Managing Business Easily!

Summary: Learning is essential! Not just for students, but also for those who are treading on the path of entrepreneurship.

Many people believe entrepreneurship means doing a business. But that is not entirely true. Entrepreneurship is a journey that leads entrepreneurs to a place where they feel empowered to solve the problems of customers with their unique product ideas and creative solutions.

To continue this incredible cycle of coming up with solutions now and then, one has to do one thing- LEARN. To be successful not just in business, but also in personal life, one needs a nimble mind to think, understand, analyze and come up with a solution for the challenges. In short, if you are smart, you can succeed in life.

With practice, anyone can increase their knowledge base, sharpen their intellect and learn new skills. There are several ways through which you can work upon your cognitive skills and expand your mental capacity. You can watch this interactive video by the best motivational speaker in India- Dr. Vivek Bindra that will help you to decode the power of the mind : https://www.youtube.com/watch?v=icY6Q7gGeBA

Here are the five best ways to engage your mind and grow your intelligence that will help you to meet all your goals:

1. Read Everyday

If you have read our blog on the common habits of all the successful entrepreneurs in the world (Read Here), you must have noticed that all the leaders love to read.

Our mind is like a muscle, the more you use it the stronger it will get. Reading is an important element that helps to develop your mind. It helps you to discover new things and educate yourself on diverse topics. Words, both spoken and written, are the building blocks of our social existence. They provide a gateway through which you can go anywhere in the world.

2. Focus on Understanding More

True wisdom comes when you just don`t read, but also deeply understand a subject. The most successful business owners consistently outpace everyone else courtesy of their ability to learn new skills, adapt to changes, and work both as a team player and independently.

Start with the basics because knowledge is cumulative. Work consistently to steadily build a deep and meaningful knowledge base on key topics and issues. Be honest with yourself about areas you are weak in and seek to reinforce your understanding of important subjects until you have a rock-solid foundation that you can build on. The key to keep learning new things here is patience and persistence. You can also take help from a business motivational speaker or a business coach to gain in-depth knowledge related to your industry.

3. Stay Curious

Staying curious is the best way to discover and learn new things. Asking relevant questions is an essential factor in becoming smarter. It also increases the possibility of inventing new things. Imagine, we wouldn’t have known the concept of gravity if Newton was not curious about the apple falling on the ground.

Ask insightful questions that probe the validity of assumptions, analyze logic, explore the unknown, get to the heart of a matter and cultivate a willingness to push for answers. Don`t be afraid to seek clarification when something is not clear.

4. Bring Diversity to your Day

One of the best ways to sharpen your brain is to flex different areas of your brain. You are not going to get any smarter by repeating the same old thing every day. While having a routine is a great thing, staying stuck in it will not bring any fruitful results. By incorporating new things into your everyday life, you keep things fresh and interesting.

You can check out a new place for lunch, or go for a midday stroll in which you pay attention to the sights and sounds around you. You can also mix things up during working hours by simply finding new ways of doing your everyday tasks. If you will work with a business coach, you can learn new dimensions of business.

5. Keep Track of Your Ideas

When you build a knowledge base, you will find your mind expanding with new ideas. If you are filling your brain with great information, your mind will start interpreting that information in a new and useful way. You may feel great ideas coming your way. However, make sure that you are taking note of these ideas. Write them down, keep them handy and make sure you continue to refer back to them.

There are plenty of ways to boost your cognitive skills and expand your mental capacity. With practice, anyone can increase their knowledge base, sharpen their intellect and learn new skills. The more we learn and the more deeply we understand, the better we can improve our brain performance and increase our capacity to learn.

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 this program, visit:  www.badabusiness.com.