Tag: dr.vivek bindra

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Startup

The Bada Start-Up Show: Top 3 Reasons Why Entrepreneurs Must Participate

The Bada Start-Up Show: Top 3 Reasons Why Entrepreneurs Must Participate
The Bada Start-Up Show: Top 3 Reasons Why Entrepreneurs Must Participate

A great idea, it takes a form of reality that can result in the “next amazing venture”. Anyone can have a big idea to start a startup business, but no market exists for just creative ideas. What separates wantrepreneurs from entrepreneurs is the ability to execute a vision.

Turning an idea into a tangible product or a service that can resolve customers` problems take a ton of effort. And the hardest part about running a startup business is to build it from the scratch. Meeting investors, raising funds, learning the ropes, and finding those first few customers is far from easy.

Success requires hard work, determination, and passion. So among many other millions of things that you are doing right now to take your startup business to next level, entering into entrepreneurship competitions could also be the perfect catalyst that you might need right now.

Many shows provide an excellent platform to startups and their founders where they can showcase their journey. Startup shows and competitions not only get small business startups ‘out of the building’ and provide them recognition, but they are also a great way to begin validating your business, products, and service.

Startup shows give a chance to young and fresh entrepreneurs to share their struggles, ideation, hard work, and endless efforts that go behind their products and services. Though it will take great efforts from the participating startups, the recognition and exposure that these shows will give the new ventures are enormous.

Apart from that, there are many other advantages startup businesses can gain by entering into competitions than the prize. We are sharing the best ones with you below:

1. A Chance to Meet Your Competitors

Participating in a competition can give you a larger picture of your business. It will force you to think and rethink critically about every aspect of your business. You will get an opportunity to know your industry, competitors, distinct challenges, and the market you are addressing. In order to compete, you will have to assess the competitive landscape, set your short-term and long-term goals, and define your value proposition.

Not all shows and their formats are created equally. There exist a wide variety of platforms that are tailor-made for specific industries, company stages, etc, and thus, every entrepreneur should do in-depth research before jumping in.

2. Helps You Find Your Perfect Pitch

Pitch, Pitch, Pitch! Talk to any entrepreneurs and they will tell you that they are always thinking about ways to pitch their startup business plan to investors and stakeholders. But telling your story, pitching your business idea, or selling your value proposition requires patience and practice. However, when you are competing against others, you will have to find what works and what doesn`t to be your best version.

Test your pitch on your friends, colleagues, family, or your teammates. Take their feedback, observe how they react, and don`t be afraid of rejections.

3. Startup Shows Help Your Optimize Unique Value Proposition

Competition forces you to think ‘out-of-the-box and get creative to stand above the rest. At times, you will have to put down your business on paper. Hence, practicing your written communication as well as your presentation skills is essential to build your unique identity as a brand to create an exceptional recall value.

This process can give immense benefit to your startup business regardless of how you perform in the competition or if you win it. If you are looking for an amazing show where you can provide the exposure to your startup business that it deserves, you can take part in The Bada Startup Show.

The Bada Startup Show is also a unique kind of show which is meant to provide an excellent platform to a small startup business. The major goal of the Bada Startup Show is to empower the Indian SMEs and MSMEs by showcasing their journeys on National Television and social media channels of Dr. Vivek Bindra, founder and CEO of Bada Business Private Ltd. He is also one of the best motivational speakers and leadership consultants in India.

The Bada Show will give a golden chance to startups across India to showcase their entrepreneurial journey and get their story covered by celebrity anchors. Not only this show will be a huge platform to reach a wider audience at no cost, but will also give global recognition as Dr. Vivek Bindra`s YouTube channel has 17+ subscribers.

It is important to understand that entering into any competition requires endless efforts and determination with no guaranteed returns. However, learning is great! And experience is valuable. There is much more to gain by entering into competitions than the prize.

So are you ready to participate in the Bada Startup Show exclusively for Indian entrepreneurs? To participate, you can click here: https://badastartupshow.badabusiness.com

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Business motivation

7 Ways To Build Authentic Business Relationships For Success!

7 Ways To Build Authentic Business Relationships For Success
7 Ways To Build Authentic Business Relationships For Success

You can`t operate a startup business without maintaining strong professional relationships with investors, clients, vendors, and potential customers. A company grows only by establishing meaningful connections with others.

Building strong business relationships starts with acknowledging and recognizing the importance of viewing everyone as a unique person with their desires, motives, and interests. Once, you have understood that the person in front of you is not only a medium to grow your business, but a human being too, you build relationships at a deeper level.

Here are 7 techniques that will help you to establish long-lasting business relationships that will drive sales and growth for your startup business:

1. Offer a Valuable Product & Service

Personal or professional, every relationship starts with an introduction, and sometimes for a business purpose. However, this is the hardest step. A client will approach you because of your extraordinary service or a valuable product that you have created to help them. So, it all depends on how you utilize your strengths.

2. Discover Ways to Provide Additional Value

If you have a startup business, you can begin with finding common ground and identify how you can add value with your time, connections, resources, or expertise to your clients or investors. This can give your relationship a personal touch.

3. Make Your Customer Service Excellent

Ask the best business corporate trainer in India and about the best strategy for growth and relationship building at zero cost and they will reply promptly- customer service. Customer service is that one aspect that can build the foundation of strong business relationships. Work on perfecting every interaction with your customers. Try to maintain transparency. Advertising is no longer as powerful as it was once perceived. A referral army who has used your products can do wonders for your startup business.

4. Make Mutual Success Your Mantra

When you think about others’ success and not just your own, the relationship grows. Nobody wants to work with someone who only has their agenda on their mind. Strong relationships happen when we focus on mutual success and trust.

5. Focus on Relational Value more than Transactional Value

Avoid approaching your business relationship in a transactional nature. Cultivate your network and relationships each day. Meet them and greet them on special occasions. Talk to them to understand their needs, requirements, values, and what drives them. Always remember that it isn`t about you, but about them. They will always remember how you made them feel.

6. Treat Them like Friends & Family

People like to do business with people they like. Treat them like you would treat your family and friends. Take a genuine interest, be vulnerable, be yourself, and show personal interest in addition to the business value that you already offer.

7. Stay True to Your Business Values

Clear and consistent business values can help stakeholders, clients, customers, and even investors to stay in a harmonious alignment with you. Stay prepared for hiring, firing, and losing money for your values as it sends out a strong message about the brand promise and ensures a shared vision.

The shared vision and aligned values make the strong foundation of any startup business relationship with your employees, clients, customers, investors, and other peers.

Unfortunately, entrepreneurs who are creative and great at inventing things often don`t invest much time in building strong and long-lasting business relationships. Though it does take effort and focus, the talent to effectively build relationships can be learned, just like any other skill.

Use the above-mentioned 7 tips to create a strong business relationship with your potential clients, investors, customers, and other stakeholders.

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.

Get your business back on track. Grow through self-learning and see your website traffic increasing with marketing collateral designed especially for you. To know more, visit: www.badabusiness.com

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Business motivation

5 Reasons Entrepreneurs Must Start Listening To Podcasts Right now!

5 Reasons Entrepreneurs Must Start Listening To Podcasts Right now!
5 Reasons Entrepreneurs Must Start Listening To Podcasts Right now!

Digital innovations have not only made our lives easier but also have unlocked countless opportunities for entrepreneurs to establish and grow their brands. Another thing that is essential for business growth is continuous learning. But, thanks to over-packed work schedules, many entrepreneurs do not get enough time to learn new things.

However, podcasts can be a great way to learn, understand and grow in a business world. Business podcasts have the power to help you make some remarkable positive changes in your life.

Here are 5 reasons why every entrepreneur with small startup businesses must listen to podcasts:

1. Something for Everyone

If listening to a podcast sounds more difficult than starting a small startup business then you might argue that there is not one that is right for you. But there are many business motivational speakers in India like Dr. Vivek Bindra who can discuss just any topic in all industries.

If you are looking for a particular niche, you can find plenty of choices available online. So whether you are interested in a podcast for startups, marketing professionals, you can find it online right at your fingertips.

2. Learn Anywhere, Anytime

Listening to podcasts can give you a clear understanding of various subjects. Also, you can listen to professional business coaches anytime, anywhere. Many audio sessions focus on particular business challenges and can help you to find innovative solutions for your burning business problems.

3. Make Commuting Productive

Sometimes multitasking can do more harm than good. But when it comes to podcasts, you can use your time more constructively. If you spend a considerable amount of time traveling to work, enjoying food or tea breaks you can listen to a podcast and utilize your time perfectly.

4. Gain Fresh Perspective

One of the biggest reasons why every entrepreneur and businessman should listen to the podcast is to get excellent advice from popular business leaders. You can listen to Dr. Vivek Bindra`s podcasts that will provide you with in-depth knowledge about various aspects of business in a very simple language.

5. Confidence

Listening to the best business motivational speakers can give you the confidence to make informed decisions that are beneficial for your startup business in the long run.

Nothing is quite as interesting and exciting as listening to some of the most influential people who talk about their journey in the most candid way. Who knows, in a few years, you might be in a position to host your podcast and start guiding those who need it the most.

No matter what your goal is, anything is possible with our online business coaching program. Learn the various business strategies and take your business to next level. You can access premium content in your language from your phone, anytime, anywhere.

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Business motivation Strategy

5 Must-Know Tips For Entrepreneurs To Win a Tender

5 Must-know Tips For Entrepreneurs To Win a Tender
5 Must-know Tips For Entrepreneurs To Win a Tender

Whether you are running a small business or a large organization, getting a government tender is not an easy task. The secret to landing big contracts is not deeper pockets or more manpower; it is about getting your prospects to trust you.

The tendering is of two types- Open Tendering & Selective or Negotiation Tendering. The tendering process is quite complicated and needs to be submitted within a specific time frame.

If you are a newbie and want to win a business tender, you can watch 10 amazing tips on how to win a tender:

Here are 5 expert tips from Dr. Vivek Bindra- the best motivational speaker in India that will ensure that your business wins the next tender:

1. Get Tender Information As Early As Possible

If you want to acquire a government tender, it is vital to acquire all the relevant information in detail before your competitors. Getting the information as early as possible will give you sufficient time for preparation.

Before filing for any tender, it is also essential to do a NICE analysis. A NICE analysis stands for Need, Interest, Concern & Expectation. Recognize its competitive diagnosis, identify your strengths and then decide whether you want to fill this tender or not.

2. Check & Recheck all the Information

After filling up all the details, it is very essential to check, re-check, double-check and cross-check to ensure that no column or box is left. When filing a tender, it is critical to check that you have not incorporated a presentation unnecessary. Always make double sure that you mention only what is required to win the tender.

  • Ensure that each & every column is addressed properly.
  • Provide a document related to the recent project to demonstrate your capabilities.
  • Explain your USP.
  • Factors like compliance, language, clear writing, proposal filling, and proposal copy should also be taken care of.

3. Client Focused Compelling Story

No matter how many languages, compliance, and technical details you mention in your tender. One fact that is undeniable is that it is meant for humans and will be read by human beings. Hence, make a presentation that includes a compelling story that will touch their hearts.

4. The relationship can Amplify Your Possibility of Success

Relationships and good networking skills are useful in today`s business world. A good relationship with your peers helps you to cultivate trust, which increases your credibility in the market. Later, you can also get help from your peers to acquire information about a particular company or a person to get assistance in winning a business tender.

5. Secure Your Gross Margin

When filing a tender, many businessmen file tender low price bidding to win the contract. However, under-cutting might help you to win a contract, but when it will come to delivery; you will have to face pretty tough challenges.

“Expansion without Gross Margin is committing Suicide”, says Dr. Vivek Bindra- the best business motivational coach in India. Hence, secure your gross margin without overpricing it.

But if you have to bid your quotation at a higher price, always explain the rationale reason so that people do not reject your bidding straight away.

To get a better understanding of the requirements of the tender, always read the terms and conditions very carefully. It will help you to make a well-informed decision for your business growth.

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

Grow through self-learning and see your website traffic increasing with marketing collateral designed especially for you. For more details, visit: www.badabusiness.com

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Technology

Learn & Earn Together With Bada Business App!

Learn & Earn Together With Bada Business App!
Learn & Earn Together With Bada Business App!

You have started your dream business and have just bought a new phone. But is it really useful without having things that can help you grow your business? Without useful apps, your smartphone is as good as a telephone with no apps in it.

As an entrepreneur, you need to keep yourself as well as your phone updated with the latest apps that can help you learn and grow with quality content related to different aspects of the business. That being said the app store in today`s world consists of millions of applications that claim to be extremely informative. However, that’s not true.

As an entrepreneur who is always on his toes because of the multiple roles, your device should reflect what you truly believe in productivity. So here are going to tell you about a wonderful app that is informative, trustworthy, and can be your best friend in your entrepreneurial journey.

The Bada Business App was introduced by Dr. Vivek Bindra with the sole aim to provide support and guidance to the young entrepreneurs who often face challenges in business. The app features more than 300 exclusive videos by top industry leaders and Dr. Vivek Bindra- one of the best motivational speakers in India.

The Bada Business App has a 4.3 rating and has 50,000+ installs on the Google Play store. Though the app takes up only 45 Mb to download, it is a reservoir of fundamentals of business with structured strategies and frameworks related to entrepreneurship. The best thing about this app is that it offers its users a high quality of content in Hindi as well as the English language for India`s MSME, SME, Solopreneurs, Entrepreneurs, other professionals, and students.

The courses and study material are perfectly organized for entrepreneurs to ensure that learning continues with earning. You also get 300 MCQs assessment sheets to help you stay on track for daily progress. The app will not just help you to enhance and develop leadership qualities, but will also allow you to broaden your perspective. Thanks to its structured content framework- it offers content in two categories- Premium Content and Free Content.

Free Content

1. Articles: This section allows users to gain knowledge and information through well-researched articles written by subject matter experts. Users can access articles about business news, strategies & frameworks that can help them to grow business and increase productivity.

2. YouTube Video: For those who love to watch more than read, there are informative videos of Dr. Vivek Bindra on diverse business topics. All videos are focusing on one burning problem at a time and are categorized into different business problems for in-depth knowledge.

Premium Content

Premium content lets users venture into the world where they get access to the world’s most affordable learning program for Entrepreneurs, Solopreneurs, and Students- Everything About Entrepreneurship. Intending to deliver practical knowledge the premium content on Bada Business App helps entrepreneurs grow businesses, and for students, it gives opportunity to grow in their careers as individuals.

Key Features of Bada Business App

  • 300 premium, exclusive content only for you.
  • 300 reading material for easy implementation.
  • Live Q&A session on the app once every month for 24 months.
  • 300 MCQs based assessment sheets to track your daily progress.
  • 25 strategy frameworks for popular & most successful Leadership funnel.
  • 5 days of live training from Asia’s no. business Trainer, Dr. Vivek Bindra.
  • 50+ Problem-Solving Courses consisting of 15-20 videos focused on business areas for in-depth knowledge.
  • Find solutions to all your business-related problems from HR, Marketing, Sales, IT, Digital Marketing, Strategy, Execution, Branding, Positioning, Pricing, Legal, Manufacturing, Retail, Advertising, Leadership, Technology, etc.
  • Opportunity to learn from the most successful business leaders and billionaire entrepreneurs from India’s top corporate and startups.

This new age of business has given us the answers to all our problems, and if you look around, you’ll find tools meant for rising stars just like yourself – apps and services that let you manage many aspects of your business with the minimum investment of time and money, leaving you free to focus on the larger picture. So join the Bada Business App now!

Download Mobile App –

For Android Users: klr.pw/AndYT

For IOS Users: klr.pw/iOSYT

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Business motivation

3 Key Tips For Young Entrepreneurs To Conquer Fear of Failure

3 Key Tips for Young Entrepreneurs To Conquer Fear of Failure
3 Key Tips for Young Entrepreneurs To Conquer Fear of Failure

Fear, uncertainty, doubt—these three emotions are experienced by any person who is willing to start something new. Young entrepreneurs who despite having exceptionally amazing money-making ideas choose not to pursue because of the fear of failure. Truth be told, the idea of starting a startup is scary. No doubt about that. But it is the passion and determination of entrepreneurs that overcome it and help them achieve success.

According to a survey conducted by Global Entrepreneurship Summit, “61% of Indian students consider entrepreneurship as being a good prospect to earn a livelihood in the country. However, around 71% of the young people in India fear failure as a stumbling block in their entrepreneurial journey”.

So, what are the common triggers for failure? And how can you overcome it to build a successful small startup business? Here are some of the best ways that will help you to overcome some of the biggest mental roadblocks that as an entrepreneur you might face:

1. Set Attainable Goals

If there is one trait that is common in entrepreneurs they can set goals. And setting practical goals is very crucial. Start by identifying what is the mission of your company and build attainable tasks. Having small goals serve as stepping stones to reaching your organization’s mission. They appear less intimidating and the company`s mission more digestible.

Everything does not have to be perfect, says Dr. Vivek Bindra- one of the world`s best motivational speakers in India. So do not worry about the details and set realistic goals that will give you a good indication of where to begin.

2. Focus on Passionate Community

Passion, determination, and hunger for success can only take you so far in business. Financial stability in the business is what will keep you afloat or else your bills will pile up. So, it is essential to identify and recognize your community. If you haven`t one, you should start building one that includes investors, passionate customers, and partners. These members will aid in your financial success. You can also get professional help by hiring a business motivational speaker who will help you grow your network.

3. Be Ready For an Imperfect Work-Life Balance

If you are an entrepreneur there is a good chance that the line between personal and professional life is blurred already. However, it is impossible to start a startup business without giving a thought to your family and friends. But with the right support system, running a startup doesn’t mean you have to compromise on your personal life. Ensure that you are surrounded by partners who understand the need for a personal and work-life balance and also don`t make you feel guilty about living your life.

As an entrepreneur, there is added pressure to be successful not only because of the partners, investors, and employees relying on you, but mostly because you are trying to prove yourself. So believe that your idea is worthy and you have the determination to make it happen. The above-mentioned tips will help you to get over your fear of failure.

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.

Grow through self-learning and see your website traffic increasing with marketing collateral designed especially for you. Learn more here: www.badabusiness.com

Categories
Motivational

7 Essential Traits For All Successful Entrepreneurs

7 Essential Traits For All Successful Entrepreneurs
7 Essential Traits For All Successful Entrepreneurs

Vision, focus, and determination- these three qualities can take entrepreneurs anywhere they want to go. They also have good leadership skills and can be a great motivational coach to peers around them.

Whether it is the most respected industrialist like RatanTata or a great businessman like Dhirubhai Ambani, every successful entrepreneur has a few critical attributes that can help thousands of business leaders, as well as the young entrepreneurs of India, succeed.

Here is a list of 7 essential traits that every entrepreneur must have to be successful:

1. Problem Solving

One of the most essential qualities that every entrepreneur who is planning to start a startup business must have is the ability to solve problems. “Having a mindset that is capable to think critically about various issues at hand is an amazing trait”, says Dr. Vivek Bindra- one of the most popular business motivational speakers in India.

The most successful entrepreneurs always go above and beyond to find solutions and get their job done while keeping calm under pressure.

2. Impeccable Communication

As an entrepreneur, you are required to meet new people for networking purposes and other requirements. You will accomplish little to nothing if you lack good communication skills. It is necessary to express oneself clearly and concisely, which can often make the difference between an ordinary and extraordinarily professional.  If you are an introvert, you can also take professional help from a business coach to excel in this as well as other departments.

3. Determination to become Successful

Failure is the stepping stone to success. And only those who have tasted the failure with a pinch of salt can appreciate—determination. Running a business does not necessarily mean that everything will be all rosy. There will be setbacks, challenges, and hurdles too. But a successful entrepreneur does not let anything stop them from achieving their goals.

It does not matter how many times an entrepreneur fails, his determination to succeed overpowers each failure and makes it appear like a minor setback.

4. Hunger to Keep Learning

The world of business is always evolving. Sometimes it’s a new tool, other times it’s a new technology that can help a business to grow. A successful entrepreneur keeps himself updated with the latest trends and networks with like-minded people to form professional relationships.

To be successful in your niche, take some time each week to reflect on what new they have learned about the business industry. Also, decide if there is any way that you can implement this new piece of knowledge into your business for growth. With continuous learning, you can get closer to your organizational goals.

5. Powerful Leadership Skills

While leadership attributes are important for everyone, they become necessary for entrepreneurs who are running their businesses. If an entrepreneur lacks leadership skills, his or her team will not be able to perform to the best of their capabilities.

6. Passion & Ambition

Passion and ambition are what drives an entrepreneur to do what they do every day. Starting a startup involves a lot of risks and is not for the faint-hearted. This is why entrepreneurs need to be passionate about what they are doing.

7. Ability to Look at a Larger Picture

To launch a new product or service, extensive research is required. Sometimes in this process, disregarding assumptions about what currently exists in the market is necessary. To meet the expectations and demands of consumers, it is necessary to shake off the traditional pattern and embrace innovative products, even if it means unlearning current beliefs.

Life doesn`t always go according to the plan, but there are plenty of ways to achieve desired results with consistency, persistence, and perseverance. If you want to be a successful entrepreneur you need to cultivate these traits within you.

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

Grow through self-learning and see your website traffic increasing with marketing collateral designed especially for you. Learn more here www.badabusiness.com

Categories
Motivational

7 Brilliant Ways A Corporate Trainer Can Boost Team Performance

7 Brilliant Ways A Corporate Trainer Can Boost Team Performance
7 Brilliant Ways A Corporate Trainer Can Boost Team Performance

Growth and development are the foundation of every organization. This also includes the area of employee development as well. As manpower is the backbone of any company, it is crucial to upskill and upgrade them through regular training by the best corporate trainers in India.

When employees attend corporate training sessions regularly, they become more productive and efficient. Many organizations want to build a high-performing team, however, they do not want to spend on corporate training.

But truth be told, a corporate trainer in India can help your employees to stay motivated and more productive. Here are four major reasons why should you make corporate training a priority:

1. Upgrades Employees

The right corporate trainer can give employees the skills they need to take on a new role. Programs like onboarding and mandatory training are usually offered to new employees or existing candidates that get promoted to a more challenging position. When employees receive training on foundational skills, they perform better. They can bring more to the table and boost your business revenue.

2. Exposes Gaps in the Business

Regular corporate training in the organization creates awareness in your employees. A corporate trainer can help the leadership and management to identify the various gaps in their organization. Once identified, it becomes easy to improve them. It will also help your employees to overcome them with proper training.

3. Helps to Retain Best Employees

When employees realize that there are growth opportunities for them in an organization they tend to stay back and work efficiently. According to a Deloitte report, “42% of employees looking for a new job often say that their existing employer is not maximizing their skills and abilities.  As there are multiple corporate training programs, some training programs prepare your employees for leadership positions as well.

4. Keep up with the Industry trends

Industries are always evolving. Hence, every business needs to keep up with the changing trends to stay in the league.  A corporate trainer ensures that every department of your organization stays up to date.

5. Motivate Employees & Enhance Performance

When the company invests in its manpower it motivates employees and creates a sense of belongingness. It brings a higher satisfaction in their job profile and helps to increase their productivity.

6. Develops Competence & Competitiveness

Due to increased competition job positions are getting harder to get. Hence, the demands and responsibilities in work are also shifting. A great corporate trainer can help employees sharpen their skills, enhance productivity, and stay updated with the changing trends. Refining their capabilities will make them proficient in their field and help them to adapt to the changing trends.

7. Identifies their weaknesses & Develops strength

Every individual has unique strengths and skills, but not many are aware of their abilities. The distinct personalities and the level of their productivity can impact an organization to a great extent. The best corporate trainer in India can help them identify the weakness of each individual.

Corporate training is the best investment an organization can make for its growth. Only those companies that are aware of the fact that the success of a business lies in its manpower grow tremendously.

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

Categories
Business motivation

How Bad Mental Health Affects Your Business Growth?

How Bad Mental Health Affects Your Business Growth?
How Bad Mental Health Affects Your Business Growth?

Setting up and running a small startup business tends to be thought of as a glitzy affair. Many people are coming up with money-making ideas and want to turn them into a reality because they believe being an entrepreneur will provide them with larger-than-life experiences.

A lot of people see the enriching lives of many entrepreneurs on social media who show off their “freedom, independence and grandeur”. However, the truth is divorced from the complete reality. People often fail to understand that this kind of life makes up a very small minority of entrepreneurs.

According to a report by https://www.ncbi.nlm.nih.gov, “financial distress is the major cause of poor mental health of small business entrepreneurs”. Many entrepreneurs also report a lifetime history of ADHD, depression, substance use, and bipolar diagnosis. The constant fear of failure, managing finances, workforce management, and pressure to perform are some of the other crucial factors that are experienced by growth-ready Indian entrepreneurs.

It results in low productivity, absenteeism, zero focus, and no motivation that can leave a negative impact on any startup business.

Being an entrepreneur isn`t just about waking up on a remote island and sending out a few emails before hopping on a private jet to a foreign country. Running a small startup business is a daily grind even for those who have established a strong presence of their company and have turned it into a money-making revenue machine.

So how can entrepreneurs keep their sanity intact and protect their mental health throughout the stressful, yet rewarding journey of building their own business? Here are a few ways:

1. Keep your Finances in Check

Financial issues are reported to be the primary reason behind anyone`s mental stress and anxiety, especially among entrepreneurs. Some people start on a very small scale. Some take a loan for their startup business and others invest their entire savings into their dream startup with nothing to fall back on.

According to a report by smallbizgenius.net, around 39% of small business owners use cash to fund their startup, which puts them at risk, if the business fails.

The journey of establishing a startup business is stressful enough. And it is not smart to put everything into a basket that fails 90% of the time. Hence, it is crucial to ensure that you have financial support to live on for at least three to six months should anything goes wrong.

If that is not possible, you can also take up a part-time job that allows for flexible working hours. Another thing you can do to ensure your financial support is to have an alternate source of income. The biggest takeaway for any entrepreneur is to try and leave as much money on the table to take care of your things.

You can also take the help of a professional business coach that can guide you in starting up, setting up, and running a business from the scratch.

2. Learn to Delegate

Trying to do everything on your own is another way to overburden yourself with stress and work. Even if you feel that your startup has not reached up to that level where you can hire full-time employees, you can outsource certain tasks. There are endless resources available to help you with it.

Learn to delegate as it is quite essential for smooth operations. Even the best business motivational speaker in India like Dr. Vivek Bindra suggests delegation of work because burnout can happen very quickly when a business is at its initial stage.

You can also opt-in for a business partner to avoid crumbling down under the pressure of too much workload. Your business partner would be an expert in some areas of the company. His or her expertise can take a certain amount of pressure off your mind. He or she can also drive the business forward with their professional experience and expertise.

3. Stay in Touch with the Right People

Whenever anyone decides to start something unconventional, they must surround themselves with positive influences. You might be having an excellent money-making business idea, but your friends and a family member might not agree. There will be some people including your friends and family members that will question your decision.

They might also ask you to go back to corporate life with a steady paycheck for a more stable life. But remember, they come from a position of care and love. However, they are not entrepreneurs.

Surround yourself with business mentors who have been successful as entrepreneurs. You can seek advice and guidance from them through the beginning of the start-up journey and try to continue flourishing that relationship. It will also help you to expand a professional network as your business starts growing.

Mental health can easily deteriorate with stressful conditions, pushing oneself to the point of burnout, and with wrong people giving the wrong advice. Running a startup business successfully is essential, but taking care of your mental health is crucial. Following the above tips and frequently staying in touch with one`s emotions will help to ensure your mental wellbeing is in good shape.

Are you looking to find solutions for your burning problems? Get practical solutions easily with our Business Coaching Program that will help you grow your business with step-by-step learning strategies, action plans, frameworks that are designed to empower you with various business functions.

To know more about this course, visit: www.badabusiness.com

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Strategy

5 Smart Strategies To Give Your Seasonal Business An Off-Season Boost!

5 Practical Ways To Give Your Seasonal Business An Off-Season Boost!
5 Practical Ways To Give Your Seasonal Business An Off-Season Boost!

Whether it’s a rush of rustling leaves, or the cold days and nights during winters, kites flying competition in August, or nights bedazzled by bustling crackers, seasonal businesses are often faced with the challenge of generating a recurring revenue stream throughout the year.

But, if you can think beyond the obvious, you might find multiple ways to keep the cash coming in all year round. How? With your creative thinking!

To save your business from becoming cash-strapped during the off-season, you will have to think above the ordinary, learn more about your customers, and test new ideas—even if they are a little unconventional.

You can also watch 10 effective strategies by the best motivational speaker in India by Dr. Vivek Bindra here:

Here are five ways that might look simple but are super impactful when it comes to boosting your business even during the off-season:

1. Extend Your Season

One of the biggest mistakes by small startup businesses offering seasonal products generally make is that they start selling their products or services only when their season kicks off. Kicking off your marketing earlier can broaden your selling season and will generate revenue.

Another thing that business owners should never do is to hold sales and promotions immediately after the season is closed. Selling your products even after the season ends can make your season last longer.

2. Generate Off-season Excitement

Just because people burst crackers only in Diwali or fly kite only in August on Independence Day and in February to celebrate Makar Sankranti, doesn’t mean you can`t get your audience excited about your business.

Try to make content and play upon building the excitement about your products by providing early bird offers, off-season discounts or launch a new line of products, before the season. This will make your audience excitedly planning for the time they can take advantage of your products and services again.

3. Look for Niche Markets

Seasonal businesses can often find income supplements serving niche markets. For instance, a bakery that bakes birthday and anniversary cakes during a peak or tourist season may also find success even in the slow months by baking products that sell evenly during a year to a smaller audience. If you have started a bakery, you can add gluten-free brownies, loaves of bread, and various other sugar-free products.

When you make the majority of your income during a season, you can supplement it by finding a smaller market with a need that is seasonless. You can also develop a specialized product to expand your sales.

4. Go Where the Season Is

Raj Kumar a small business owner has a store based in Karol Bagh. He has a business selling woolen track pants that are best suited to combat the winter chills in Delhi. But during the slow summer months, he began to notice a stream of orders from colder regions within and outside India, where winter was always in full effect.

As he began to explore the other market in different regions, it made up as much as 70 percent of all orders from March through August. So if you have a business of seasonal products, you can explore the other markets across the country that will help you to generate more and steady revenues.

5. Add Complimentary Products & Services

One of the best ways to make your seasonal business work throughout the year is to add up new products and services to serve the various other seasonal needs of your customers. If you have a store of woolen coats, you can add up a new line of blazers that can be worn in summers too.

Today, many organizations have fixed a dress code and cotton blazers are in great demand too. You can start offering cotton blazers to your customers and ensure a well-performing business throughout the year.

The above-mentioned strategies will help you increase you’re your business sales during the off-season. You can also watch the most informative video by Dr. Vivek Bindra, the best motivational speaker of India in which he explains 10 strategies to boost your business sales even during the off-season.

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