Tag: Business Ideas

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Business motivation

Diwali 2020: 4 Seasonal Business Ideas To Light Up Your Festive Season

We are nearing the season of festivities and its reason enough to celebrate and be in the highest of the spirits! These festivities bring a smile on the face of every Indian but as well as provide opportunities for entrepreneurs to think of business ideas that not only help them display their skills but also help them get back on their feet. One such festival is Diwali that is next in line to be celebrated. There are tremendous seasonal business ideas that can be explored or discovered as it is undoubtedly one of the biggest festivals celebrated in our country. 

People from all social classes wait an entire year to make all of their special purchases, big or small, on this auspicious occasion. These purchases can vary from something as small as crackers to something as big as valuables like gold or silver. The idea of this article is to introduce you to 4 business ideas that can help you make good money this festive season.

Make Sweets, Spread Happiness

Festivals without sweets are like an empty box of candies–very disappointing. Sweets are integral and the most celebrated part of any and every festival in India. In these unprecedented times of social distancing, people are looking forward to exchanging boxes of sweets to celebrate the joyous occasion. If you trust your culinary skills and enjoy making lip-smacking colorful sweets, this is the business for you to get in!

Deck It Up With Decoratives

These are the times of COVID-19 and we, being the responsible citizens that we are, are fully aware of our responsibilities to maintain the social distance. However, this pandemic can not distance us anyhow from decking up our houses with beautiful lights, Diyas, candles, and various forms of decoratives. If the artisan in you is excited at the mere thought of starting this business, just imagine the amount of joy it’s going to bring into your life once you start doing it.

Make Rangoli With The Colours Of Joy

Celebrations feel incomplete without our very own Rangolis. A rangoli is mostly designed at the entrance of the house to welcome the visitors as well as the goddess Lakshmi herself. A rangoli not only makes our celebrations more colorful and auspicious but also is said to bring good luck. However, it is not possible for many to spare time to make these colorful patterns, hence they opt for a ready-made rangoli. If you are someone who has an eye for detail and a love for art, this could prove to be a great option for you to make the most of these seasonal festivities.

Those Dry Fruits Are Never Going Out Of Business

We have been exchanging sweets, gifts, and dry fruits every Diwali for ages now! This is the time to make the most of this tradition and get into the business of selling dry fruits. To make the boxes of dry fruits more presentable and visually appealing, you can try various different ways to pack them creatively. People these days are very much into making customized sweet as well as dry fruit boxes. You can unleash your creative side and make the packaging as aesthetically pleasing as possible so that it also qualifies as a gift to be exchanged on this joyous occasion.

These are just a few options picked from the pool of other viable options out there that can help you entrepreneurs set up a seasonal business of your own and network well to continue working on it the next season. These business opportunities are a wonderful way to make good money doing what you love doing the most. We hope this festive season brings you as much joy and positivity as you intend to spread in the lives of people you are going to touch with the amazing skills you possess.

 

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Startup

What is a Unicorn? Here Are 4 Ideas to Help Startups Become a $1 Billion Company

Startup
Startup (Photo Credits: Pixabay)

A unicorn is a term used in the venture capital industry to describe a privately held startup company with a value of over $1 billion. The term was coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.

According to Investopedia, companies with valuations of over $10 billion are sometimes referred to as decacorns.

According to the Hurun Research Institute’s Global Unicorn List 2020, India is home to 21 unicorns, valued at $73.2 billion. Paytm is India’s highest-valued unicorn, at $16 billion. Top 10 Indian unicorns make up 78 percent of the total value of unicorns, while Paytm alone claims nearly 22 percent of the total valuation share of these unicorns.

Find the right idea

The most essential work of your startup if you are aiming to become a unicorn is to find the right idea for your business. The idea has to be innovative and should have the potential to work. The idea should create a change in customer behaviour and also improve their lifestyle.

Understand the potential of your product

It is very important to understand whether your product will fit the crowded and the cluttered market and has the potential to stand out. Your product should also be attractive enough to encourage customers to pay a premium price on a regular basis.

Keep your customers in the centre 

The job of a startup is to find a solution to a problem that customers want to solve.

Recognise your weakness & Keep an eye on the competition.

Never lose sight of how the industry and competitors are evolving, especially start-ups with new and potentially disruptive ideas. If you have to succeed, along with your strength, it is also very important to identify your weakness. If you understand your gaps and imperfections, you can always make away with them. This ability defines the success of a startup.

 

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Finance Startup

Why Do Investors Invest in Startups? Here’s How Investors Add Value to Startups and Help Entrepreneurs

Startups and Investors (Photo Credits: Pexels)

For any business to flourish, there needs to be good investment and planning that will help the firm reach its target audience and go beyond! Here’s where the role of an investor comes into picture. An investor puts capital to use for long-term gains, while an entrepreneur seeks to generate profits by using those funds. Thus an investor is a crucial aspect for any startup, who typically generates returns by deploying capital. Investing in startups is a risky proposition. However, the low requirement for overhead capital along with high upside potential, makes it lucrative for the investors to put their bets on startups.

Basically, an investor is a person that allocates capital with the expectation of a future financial return or to gain an advantage. An investor can choose to invest in-equity, debt securities, real estate, currency, commodity, token, derivatives such as put and call options, futures, etc.

According to the official website of Startup India- startupindia.gov.in, investors particularly venture capitalists (VCs) add value to startups in a lot of ways. Some of them are listed below:

  1. Stakeholder Management: The investors are the ones who manage the company board and leadership to facilitate smooth operations of the startup. Moreover, their functional experience and domain knowledge of working and investing with startups imparts vision and direction to the company.
  2. Raise Funds: Investors are best guides for the startup as they help to raise subsequent rounds of funding on the basis of stage, maturity, sector focus etc. The investors aid in networking and connection for the founders to pitch their business to other investors.
  3. Recruiting The Best to Achieve Business Goals: Finding great talent and best-fit human capital is critical for startups, especially when it comes to recruiting senior executives to manage and drive business goals. The venture capitalists, with their extensive network can help bridge the talent gap by recruiting the right set of people at the right time.
  4. Proper Marketing of the product: The venture capitalists (VCs) assist with marketing strategy for your product/service.
  5. Merger and Acquisition (M&A) Activity: VCs have their eyes and ears open to merger and acquisition opportunities in the local entrepreneurial ecosystem to enable greater value addition to the business through inorganic growth.
  6. Organizational Restructuring:As a young startup grows to an established company, they help with the right organizational structuring and introduce processes to increase capital efficiency, lower costs and scale efficiently.
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Startup

Small Business Ideas: 5 Easy And Profitable Startup Ideas

बिज़नेस
बिज़नेस

Several entrepreneurs face tough luck when it comes to getting funding, and the issue of arranging funds is existing for a decade now. Many quit their dream of building, creating, and innovating in the face of this struggle without realizing that easy business ideas are right in front of them.

If you dream of clocking out of 9 to 5 jobs and want to be your boss, then you must consider a variety of small business ideas. With the blessing of technology and high-speed internet, the nature of work has changed and consumers have also become tech-savvy. In such a scenario, we bring you a few easy business ideas to help you start up as an entrepreneur.

Blogging
Today, blogging is one of the most lucrative fields to step into, in this current digital age. You can start blogging as a professional business with minimal start-up cost or zero cost. The only investment needed in this is for a domain name and hosting space in the initial phase, at least. If you believe that you have the skill and have some expertise, then you should opt for this field. Blogging gives you an unlimited number of options – you can be a fashion blogger, technology, and lifestyle blogger.
There are many platforms available to help you showcase and enhance your skill, to reach the target audience, and in return, you earn enough money, along with popularity.

Content Writing
Content writing is one of the best business ideas for earning online and staying at home. Huge companies like Infosys, TCS, to mid-level media startups to bloggers and websites, now believe that content is king. Over the past few years, content creation has been in huge demand.
While the investment needed here is pretty small, the earning is significant. The investment required here is your time, skill, laptop, and good speed internet.

Be a Coach
Being a coach has always been in trend. Earlier, it was all about education, but now it allows other things like dance, yoga, etc. As time changes, so do the style of coaching. You can coach your students by staying home itself and you don’t need to spend extra money on leasing space. You just need space in your house, laptop, and high-speed internet.
In terms of being a coach, you need to make sure to be great in your skills. This will help you in creating trust and advertising, which brings new potential customers.

Adviser
If you are good at something and have experience with it, don’t let it go waste and start being a counselor. Consultancy services are gaining popularity at a fast pace and is now a big open opportunity to earn some money.
Start using your experience and help others who can utilize your guidance and excel in their careers.

Be A Youtuber
One of the popular hotspots these days is YouTube, which helps your creativity and your talent reach the world. YouTube lets you create your channel and upload videos free of cost. Many popular YouTubers are getting paid by YouTube itself.
For making money through a YouTube channel, your next step should be monetization of your channel. This feature will allow YouTube to display ads in or on video. If you put good content, YouTube will acknowledge you to apply for revenue sharing for your video. So don’t wait, if you have a talent, show it to the world.

The above five ideas are proof that giving up is not an option, especially when starting up is so easy. Each of the above businesses needs a fair amount of research and your skills. So, make sure you do your homework before starting a new business.

 

Categories
Business motivation Startup

Online Business From Home: 5 Steps For Starting Up Virtually

Eager to start an online business, for alternative income, or want to switch the career graph. Then you are on the right path because of thanks to the technology available, which makes it easy accessibility and start a business or blogging when especially during this time. Starting an online business can help you make extra money on the side or you can replace your current income with this.
So, don’t waste time anymore work on the things or ideas on your mind. As it said, great plans and concepts need passions, hard work, and, the right steps to follow.
Here we come up with amazing simple steps you want to have in mind before starting Online Business-

  • Choose Business Idea
    It seems easy, not important enough, but you will be shocked to know a lot of entrepreneurs overlook this point and jump to branding or web development before having a solid idea. Plus, once you concluded you should start a business online and hold ideas in mind you need to validate it.
    The idea can be validated once you have researched and spoken to your potential customers, asking questions your group about the needs. One benefit of online business is you get additional methods for testing the markets through review reading and surveys.
  • Initiate Business Plan
    Time to work on your business planning as you have done primary phases of planning while you were working on a business idea. Your planning will involve pursuing funds, forecasting financials. You can conduct market analysis through SWOT analysis it’s essential to establish the mindset of the customer and identify your competition. The process will help you to figure out pricing models and possible benefits you can have when you enter the market.
  • Enlist Domain Name
    If you intend to aim a niche market, then you’re first step should be to register a domain name for your venture, which helps you to reach it easily. The domain name will be a unique address on the internet and will be like a patent or trademark for you. Their tons of domain registering companies which can help you to register domains. One thing you should keep in mind while registering is to keep the name very easy to say, speak, and, most importantly, easy to remember.
  • Setting Up Website
    Having the business plan in your mind the next step should be making a website that is up and running. But you need to keep in mind some process as setting up a landing page. You need to work on hosting, platform, and, a design that speaks about your business.
    As, your website will be a representation of your idea and will exhibit your product, services, and mission. When you create a website, try to focus on what can make you stand out, don’t forget to work on the quality of images, and content, you put on it
  • Get it legal
    For making yourself authentic and trustworthy you should opt for legalizing yourself. So, don’t forget to read online business regulations and register your company which can be done online. These legal steps will help you to keep you on the right path and will not let you fall in trouble in customer privacy or information.

So, these are five simple steps you need to look if you want to start a new business online, giving yourself and your career new dimensions. Now you can make your dream into reality, it’s time to get out there and create an online money-making business.

Categories
Business motivation

Startup Ideas: Be Your Own Boss With These 3 Business Ideas

Success is just a wise decision away! A wise decision to come up with the best business idea that fulfills your passion as well as your wallet. Since ages, people have been making these decisions to live an independent life by becoming successful entrepreneurs for various reasons varying from flexible work hours to being their own boss, from getting to follow their passion to contribute to society the way they want.

 

When things boil down to picking one startup idea, it becomes equally important to see the pros and cons of starting that business. With a ton of amazing and tempting business ideas available in the market,  it can be hard to figure out which are worth investing your money and time in. This is where we want to be of some help to our readers. We will be sharing a few business ideas with you that may work out in your favour.

 

Educational Mobile Apps

If you have always had an interest in teaching and have a knack for it, the business idea of coming up with an educational mobile app would be the best idea for you. For all the technicalities of designing the app and other requirements, you can have a third party involved and get it outsourced. We are certain that EdTech is one industry that is blooming in this pandemic amidst all the restrictions and will continue to grow and flourish even after things get back to normal. There are many verticals in the field of online education, ranging from the subject matter experts to the professionals who provide courses around business and marketing, you can choose which option serves you the best.

 

Consulting

In case you are an expert and find yourself well-versed in a particular field or an industry, we would highly recommend exploring more about how consultation and consultants work. If you are good at providing expert advice and it ends up benefiting the individual or an organization you serve, you may get paid a hefty amount as a fee for this consultation. Once you make a place for yourself, you could also start becoming a part of professional events, meetups, conferences where your expertise would be more than welcomed. You can become a professional consultant in the field of education, education overseas, business, coaching, investment, etc.

 

Blogging/Content Writing

 If you often get complimented for your out of the box thinking and unique writing style, you might as well make a living out of it and turn it into a flourishing business eventually. Blogging or content writing is that kind of business idea that doesn’t require you to spend your entire savings or burn a hole in your pocket, the capital requirement is as minimum as it gets!

 

The popularity and importance of bloggers and content writers have only increased over the last few years and clients are ready to pay handsome amounts of money in exchange for some quality content that could help them shape the brand and help it position in a positive light on digital media. Blogging and content writing has become the bare minimum necessities for businesses and has the potential of a great startup idea that earns you good money.

 

Conclusion

With a plethora of options available around us regarding the startup business ideas, the process of narrowing the list down and selecting THE one could be a daunting and intimidating process. Nevertheless, careful and sincere research could help you choose your dream venture that not only supports your passion but also feeds your wallet.

 

Categories
Business motivation

Business startup ideas after COVID-19

COVID-19 has taken its toll on the global economy in the most unthinkable and unimaginable ways and the global economy is experiencing an all-time low. This pandemic has inflicted damage and affected the overall health of the MSMEs and entrepreneurship that generate a heavy revenue contributing to the economy. It is crucial to think of how to stay relevant these days and to help you with that, we’ve shared a few start-up business ideas that won’t let you down.

There are some businesses that are either unaffected by COVID-19 or have flourished even more, standing the test of time. In this article, our objective is to introduce you to 4 such industries that have proved themself to be “corona-proof” and can end up being the best businesses to initiate your start-up.

 

1.    Over The Top Platforms/Online Gaming
Nobody can deny the fact that all we have been doing these lockdowns is watching movies and TV series on OTT platforms like Netflix and Amazon Prime Video. This fact itself proved that viewers, who have been quite anxious about the ban on movie theatres and gaming parlours, have resorted to the over the top platforms and online games. The people, especially the older generation, who initially were not very comfortable with the change, are now welcoming this change with an open heart. This shift in the interests of the viewers has proved that this industry will continue to bloom even after the pandemic is over!

 

2.    EdTech
From the worried parents to many of us sitting ideal during these lockdowns, the EdTech industry has emerged to be the biggest support. Where on one hand, students were able to learn from home, millions of us across the globe have leveraged Edtech and enrolled ourselves in many courses. EdTech has not only helped students repair and recover their disrupted schedules, it has given many professionals a chance to develop new skills and hone the already acquired. Now that EdTech has proved its mettle, we cannot help but accept that, come what may, this industry is here to stay!

 

 3. The Health Industry
The health sector has been the one that has evolved dramatically of late. It has been the time where the health and wellness businesses have boomed because of how aware the world has become of their health and well-being. We all must have received this advice, directly or indirectly, to boost our immunity as it will help us keep fit and less prone to the infections out there. Making them most important in our lives in these unprecedented times, they are certainly going to experience a boom.

 

4. E-commerce platforms
We all know how brick and mortar stores have been hit the hardest as people have restricted their outdoor visits in a bid to maintain social distancing. The industry that has leveraged the most out of these restrictions is the e-commerce industry! There has been a major shift in the behavior of the consumer as they were forced to go online to make the necessary purchases. Now that the consumer has started to feel comfortable buying online, they are preferring to buy almost everything online. It goes without saying that this industry is cherishing this rise in the business and riding high on the pandemic boom.

 

 

Categories
Business motivation

Start Business from Home With These Essential Steps

बिजनेस
बिजनेस

When time is harder, you get toughest. Amid this pandemic, when you think everything is difficult to catch up with, you need to find a solution. The pandemic has forced lots of small businesses to shut down and as per The Centre For Monitoring Indian Economy (CMIE), at least 5 million salaried people lost jobs in India in July 2020. The situation is grim, but at the same time, presents an opportunity for people to look at becoming entrepreneurs from home.

We bring you some ideas or ways for starting a business, being at home when everything is closed. Big businesses were not born overnight. Someone had an idea, concept, and worked on it. Here are some steps you need to keep in mind when planning to Start Business at Home –

  1. Assess Your Business Idea
    Start brainstorming your ideas or anything you believe you can be work on being at home only. One requires to have an idea before beginning anything. With various business options possible, you need to focus on one, which matches your skill.
  2. Consider Your Skills With Training
    Nobody is born without skill or talent. So pick something that you think you have an expertise in and start with what you have proper knowledge of. You can try some specialized courses also if need be. Additional skills will always help you improve your business.
  3. Write Down Your Project Report
    Your project report will define how well you have done your homework. The more uniqueness you offer, the faster you will be on the path of success. Study the markets well, be it domestic or international market, as per your business idea. Write down your report based on research, which may include a revenue model with cost and sales price, taxes, delivery charges, etc.
  4. Source of Funding
    The funds play a major role in any business, but small businesses or start-ups are either self-financed or acquired from friends and family. Therefore, you need to be careful with your finances as you need to keep your business running until you start earning profit. With this, you should have one backup for the funding source if something goes wrong.
  5. Fix Your Work Location
    As a small business, you need to own a small workplace, small shop, or an office. This is an essential aspect of your business because you require to register your business as you will receive a permit from the registration office for running your business, and this permission will help you get power and water permits.
  6. Registering Your Business
    Thanks to new direct instructions given by Prime Minister Narendra Modi, the Ministry of Corporate Affairs, you only need one working day for registering your business. Now the option of registering is available online and every necessary information is on the website.
  7. Launch a website
    In today’s time, owning a website plays a major part in any business for providing information on the products and business. It is a significant step for building a business and building trust among your target audience. There’re many websites that guide you and help you build your website.

These are seven simple yet essential steps to keep in mind for starting a small business while being home during these tough times.