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Motivational

7 Simple Yet Effective Ways To Stay Motivated As An Entrepreneur

7 Simple Yet Effective Ways To Stay Motivated As An Entrepreneur
7 Simple Yet Effective Ways To Stay Motivated As An Entrepreneur

If you have just started your own startup business to fulfill your entrepreneurial dream, you must have realized that it is quite difficult to manage it all, alone. On the other hand, if you have been in this boat for quite some time now, you probably have encountered quite a road bumps that have set you back.

Working on a startup business idea feels exhilarating in the beginning, but managing multiple entrepreneurial tasks can put you off balance. Also, if the results are not as per the expectations, the passion soon begins to fade away.

Either way, as an entrepreneur, it`s easy to lose motivation. The key is to not give up and to figure out ways to uplift your spirits and morale on those dark and more grueling days. Though there are some of the best motivational speakers in India who can help you to stay on track, there are other ways too!

To help you, we have mentioned 7 ways in which you can stay motivated as an entrepreneur:

1. Set Personal Goals

You must have created your startup business with a specific goal in mind, objectives that you would like to achieve, and some core values you adhere to for lifelong. However, the major issue that is common with many entrepreneurs is that they often tend to forget to create their own personal goals.

Hence, it is crucial that you prioritize your personal goals and write them down as a reminder for becoming an entrepreneur in the first place. 

2. Get Inspired through Entrepreneurial Stories

There are thousands, if not millions of stories of entrepreneurial success in the real world. It is really encouraging to see people achieving dreams that are similar to ours. Read those stories and use them as an inspiration. Most importantly, learn from them. If you have a specific challenge you need to overcome, look at ways others have done it in the past. You can also take the professional help of a business motivational speaker like Dr. Vivek Bindra to find creative solutions for your burning business problems. 

3. Join the “Entrepreneurs Book Club”

Bill Gates read around 60 books a year, which means he finishes 5 books a month. Reading a book not only improves focus and concentration but also enhances knowledge. People who read regularly are better problem-solvers.

Find out a book club where entrepreneurs from various industries and sectors regroup to tell their peers about motivational and inspirational books they have read.

4. Follow Healthy Routine

We can`t avoid stress. But yes we can find better ways to cope up with it. People are often more concerned about their physical health and ignore their mental health. Physical wellness can definitely have a positive impact on your mental health, so it is very important that you maintain a healthy diet, regular workout schedule, and time to relax.

5. Join the Morning Club

To have a productive day, the beginning should be proper. It is very important to have your day planned in order to achieve all the tasks at the end of the day. Once you have woken up, showered, and taken breakfast, sit down and write tasks for the day.

Prioritize your important business-related tasks that require more attention and focus in the first half. The second half can also include your personal goals like meeting your friends for dinner. This list will help you stay focused and organized.

6. Indulge in Motivational Activities

Taking breaks and engaging in other activities is as important as focusing on your work. Watch inspirational movies, read motivational books or listen to podcasts, play your favorite sports, or dance to the tune of your favorite music in your free time to keep your spirits high and souring! 

7. Get Proper Sleep

Many entrepreneurs believe that attending few business-related conferences and completing tasks is worth missing out on a good night’s sleep. But the truth is that lack of sleep can lead to many chronic illnesses like Alzheimer’s and hypertension. Lack of sleep can also lead to poor focus and motivation. Hence, it is crucial to get proper sleep in order to stay motivated and pursue your entrepreneurial tasks.

The key to keep yourself motivated as an entrepreneur is to always remember why you started in the first place. By staying positive and using some techniques that we have mentioned above will help you to reach your goals.

You can learn how to give your customer an unforgettable experience from the top industry leaders through our online business course i.e “Entrepreneurship Course”.

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Business motivation

How To Overcome 3 Challenges That Every Solopreneur Faces During Business Journey!

How To Overcome 3 Challenges That Every Solopreneur Faces During Business Journey!
How To Overcome 3 Challenges That Every Solopreneur Faces During Business Journey!

Whether you are a solopreneur or an entrepreneur, when you start your venture, a lot is riding on your shoulders. You are like a one-man army who has to do multiple tasks on your own. You are a staff of your own, which is why you have to don a hat with multiple feathers.

From setting up working hours, how much revenue you generate to how many clients you have is completely up to you. You are your boss. You set your own rules and reap the rewards.

But these rewards are received only after putting in the time and effort to set your business up for success. Creating a full-time long-term business involves more than just getting good clients from time to time. Becoming a successful solopreneur requires proper planning, follow-through, constant learning, amazing business ideas, and having reliable partners.

So if you have started a step to venture out on your own, here are few challenges that solopreneurs often face and few helpful suggestions for how you must overcome them:

  1. Learn to Market Yourself

As a solopreneur, your business is based on the foundation of your skills. The skills you must have honed for many years. Maybe you have worked in that industry for another company, and now you have finally decided to build your startup with your reliable connections.

But, when it comes to time to scale your business, you will need new clients and connections. When you want to boost more revenue, you will have to find more customers. Hence, like other businesses, solopreneurs too should keep learning new skills through business training programs.

For instance, if you are from a more technical background, you can learn more about digital marketing by taking online business courses. After gaining information about brands and services being online, your business can benefit from the exposure of having a website.

You can also learn about Search Engine Optimization (SEO) with which you can keep your website up-to-date, giving you the exposure your business needs to grow.

  1. Always be Prepared for Unforeseen Circumstances

Imagine you are a brilliant graphic designer, but suddenly your clients do not want your services anymore. What happens in that scenario?

The future is uncertain, and no matter your profession, unforeseen circumstances happen all the time. While you are working day and night on establishing your brand and growing your business, the last thing you need is to experience a financial blow due to decreased revenue. Hence, it is essential to understand how to break through such business challenges by taking business training programs.

Having financial safety is also important. Hence, set a schedule that is comfortable for you- weekly, monthly, or whenever you find it feasible to put aside a portion of your profits. Though it will take time, your goal to save a certain amount of money, by the end of the year will be fulfilled.

  1. Protecting your health too!

When we purchase a car or a shop, we tend to insure it. As a solopreneur, your most valuable asset is yourself. Your skills are the face and the foundation of your brand. So, if anything unexpected should happen to you, your business would likely suffer as well. Hence, as a solopreneur, you must get a cost-effective plan that will cover your requirement without having to pay for services you won`t use.  

Starting a startup from the scratch is not an easy task. Once started, it takes years of hard work to establish your business as a brand in the market. Hence, to stay ahead in the competition, every business owner needs to stay updated with new technologies and trends in the market.

If you are facing challenges in business, you can join our problem-solving course that will not only resolve management issues that crop up with teams; but also improve your vision to implement without depending on others.

You can also 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.

For more information, visit https://www.badabusiness.com/psc?ref_code=ArticlesLeads

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Business motivation

7 Quotes to Inspire and Motivate Budding Entrepreneurs and help Them Grow Their Businesses

Business Motivating Quotes

Every person aspiring to be a successful businessman or a successful entrepreneur has to remember one thing that you should keep yourself going, despite all odds. There are many definitions of success, but one thing remains constant that success comes only to those who try and fail in their efforts at first. One has to be hardworking, inspired and dedicated to the work one is into. An entrepreneur should focus on their business and has to look out for opportunities in the market to make his/her brand stand out from the rest.

However, there are times when most people think of giving up because they are tired of trying. But wisdom lies in giving yourself some break and revitalizing yourself with some positive energy.

Here are some inspirational quotes from successful people like Steve Jobs, Bill Gates, Mark Zuckerberg and others to inspire you:

  1. “Always deliver more than expected.” – Larry Page, co-founder Google
  2. “All humans are entrepreneurs not because they should start companies but because the will to create is encoded in human DNA.” – Reid Hoffman, co-founder LinkedIn
  3. “Every time you state what you want or believe, you’re the first to hear it. It’s a message to both you and others about what you think is possible. Don’t put a ceiling on yourself.” – Oprah Winfrey, media proprietor
  4. “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” – Steve Jobs, Co-founder, CEO, Chairman Apple Inc
  5. “All humans are entrepreneurs not because they should start companies but because the will to create is encoded in human DNA.” – Reid Hoffman, co-founder LinkedIn
  6. “I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.” -Jeff Bezos, founder and CEO Amazon
  7. “My biggest motivation? Just to keep challenging myself. I see life almost like one long University education that I never had — every day I’m learning something new.” -Richard Branson, founder Virgin Group

We hope these inspiring quotes will surround you with some positive energy and inspire you to keep going and trying hard to make your business successful.

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Business motivation

Feeling Discouraged? Here Are 16 Bollywood and Hollywood Movies Every Entrepreneur Should Watch for Inspiration

Movies | Representative Image (Photo Credits: Pixabay)
Movies | Representative Image (Photo Credits: Pixabay)

We all feel low at certain points in our lives. Entrepreneurs, like most of us, need inspiration from time to time. Personally, I feel there is no better way to kickstart or refocus someone’s business appetite than to watch an inspirational movie with an underlying message.5 Motivational & Inspiring Quotes for Young Entrepreneurs to Help Them in Difficult Times.

Regardless of where you stand on your entrepreneurial path, we are sure that you will find much-needed inspiration by watching the Bollywood and Hollywood movies featured in our list.10 Powerful Quotes by Business Women to Inspire All The Female Entrepreneurs.

Here Are 16 Inspiring Movies Every Entrepreneur Should Watch:

The Social Network

Bhaag Milkha Bhaag

Pirates of Silicon Valley

Chak De! India

Startup.com

Wall Street

Rocket Singh: Salesman of the Year

Glengarry Glenn Ross

The Big Short

Guru

The Wolf of Wall Street

Boiler Room

Manjhi – The Mountain Man

Fyre: The Greatest Party That Never Happened

The Aviator

I Am Kalam

If you are even in need of motivation or would just need a break from your hectic work schedule, then watch these movies. Did I miss any of the best inspirational movies? Let me know in the comments section below.

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Business motivation

11 Must-Read Books To Inspire Every Entrepreneur in 2021

Books (Photo Credits: Pexels)

Being an entrepreneur is a tough job and it gets even tougher if you are not as experienced as others. Your knowledge about the business might not be at the same level as those who have been in the field for twenty years. No need to worry, if you have a high teachability then you will be fine.

One of the best ways to obtain knowledge is through reading. New books are published every minute that will help you grow in business and in life in order to become a successful entrepreneur. Here are a few books that will prepare you for the future.

  1. How to Win Friends and Influence People by Dale Carnegie
  2. The Startup of You: Adapt to the Future, Invest in Yourself, and Transform Your Career by Reid Hoffman
  3. Who Moved My Cheese? An Amazing Way to Deal with Change in Your Work and in Your Life by Spencer Johnson
  4. Solving the People Problem: Essential Skills You Need to Lead and Succeed in Today’s Workplace by Brett M. Cooper and Evans Kerrigan
  5. Crawl, Walk, Run: Advancing Analytics Maturity with Google Marketing Platform by Michael Loban and Alex Yastrebenetsky
  6. Own Your Career, Own Your Life: Stop Drifting and Take Control of Your Future by Andy Storch
  7. Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter
  8. Courage to Lose Sight of Shore: How to Partner with Private Equity to Grow Your Business with Confidence by Kelley W. Powell
  9. Business Model Generation by Alexander Osterwalder
  10. My Philosophy for Successful Living by Jim Rohn
  11. The Hard Thing About Hard Things by Ben Horowitz

Every entrepreneur’s journey will have different challenges, but learning from someone else’s experiences never hurts. Take your time to read these books and learn about your next big step.

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Finance Startup

5 Financial Tips for Entrepreneurs Launching a Start-up

फाइनेंस

Building a company from the ground is one of the most difficult things to do. Starting your business venture can be daunting but a rewarding process. While a great business plan is imperative for entrepreneurs, financing is one of the most crucial elements that help a startup to succeed.

However, when it comes to financing management, the requirements of entrepreneurs are different. Not only an entrepreneur lacks the stability of predictable incomes, but they also have different spending decisions.

Securing funding to launch a startup can be difficult. More often than not entrepreneurs use their savings to start their business.  While this act showcases their immense commitment, it impacts their finances, and in few cases, leads to a severe cash crunch.

According to a report published on Inc42.com, in 2016, the major reason behind a large number of startup shutdowns was due to lack of funding. In 2017 lack of market demand was the major reason for the startup shutdowns.

Another report by NASSCOM states that around 25% of Indian startups shutdown untimely, due to failure in raising follow-on funding rounds majorly beyond Pre-Series A.

Good and effective management of finances can make a huge difference between a business that keeps climbing the ladder of success and one that falls at the very first challenge.

Here are 5 financial tips that would help every entrepreneur or small business owner manage their finances better:

  1. Create an Emergency Fund

A contingency or an emergency fund is created to provide financial security in desperate times. This fund helps an organization to meet large expenses in unforeseen circumstances. Ideally one should have six months of living expenses as a contingency fund.

If you own a business, it is suggested to create a larger emergency fund, in case your business has seasonal cash-flow fluctuations. It is best to build such a fund and invest it in a debt mutual fund as it will give far better returns than a savings account and help you encounter unforeseen challenges.

Having an emergency fund will also give you peace of mind and you can make more confident decisions for your business.

  1. Costly Credit must be avoided

Credit is the lifeblood of any business, especially for startups. Hence, entrepreneurs need to keep their credit scores high. Always pay your bills on time. Never miss a payment or delay the payment date, even if you are facing a financial crunch.

The cost of credit is a critical factor, when it comes to financing your business, especially in the initial months of operation. In the beginning, when the business has not even reached the break-even point, the financing of the business should be done keeping the interest cost at the bare minimum. This will reduce cost and attain profitability.

Also, keep your credit utilization ratio under consideration. The credit utilization ratio is the percentage of your available credit limits that you are borrowing during the month. Keeping your credit utilization ratio below 30% will help you to maintain a better credit score.

  1. Keep personal & business account separate

It is wise to keep your business and personal bank account separately. It will not only provide the benefit of easier accounting at the end of the financial year for tax purposes but will also eliminate the cash crunch situations in business caused due to withdrawals for personal expenditure.

  1. Bad Debts

Debts that cannot be recovered are called Bad DEBTS. When credit sales are not recovered, bad debts are created. Entrepreneurs should eliminate the situation of a fund crunch in business due to withdrawals for personal expenditure. Instead, these debts should be repaid in the next year so that a healthy financial position of the business can be showcased in front of potential stakeholders.

  1. Develop Financial Goals

Keeping the in-flow and out-flow of your finances is extremely important.  Planning a year for large expenses in advance can help small business owners to reduce the financial burden. If your future business goals involve the expansion and the launch of new products or services in the market, it is essential to plan everything related to finances.

If you are not sure how to manage your finances or how to ensure a strong financial future, you can also take the help of a certified financial planner. A financial advisor can also help you to build a strategy to meet your business objectives.

Instead of investing all your profits back into your startup venture, save for your future by investing your funds into multiple investment schemes. From stocks to mutual funds there is a wide array of investment schemes available. You do not have to invest every last penny into your business, save for your future as well.

If you can improve your finances with a better emergency fund, a solid credit score, and a strong portfolio of retirement savings aside from the equity that you own in your business, you can run your startup with a more focused and peaceful mind.

And for business owners, who are some of the busiest people in this world, having financial security is truly priceless. Are you planning to launch your dream startup business, but worried about managing your finances?

Get practical solutions easily with our ‘Everything about Entrepreneurship’ that includes step-by-step learning strategies, action plans, frameworks that are designed to empower you with various business functions. To know more about this course, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

Do you have any other financial tips for our entrepreneurs? Share them with us in the comment section below.

 

 

 

 

 

 

 

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Technology

Want To Grow Your Business on Instagram? Here Are 4 Tips That Every Entrepreneur Should Know

Instragram (Photo Credits: Unsplash)

Instagram can be a boon to anyone wanting to promote their business. An entrepreneur can easily target the audience with the use of this image and video-sharing social networking service. With a massive user base, Instagram can be a profitable platform for marketing activities for anyone wanting to kick off their businesses. On the app, you can use images and videos that are appealing that have the potential to lure customers.

Putting Instagram into use, a businessman can always help position the brand and increase its credibility online. The app has all those features to bring out the best show of your products as compared to other social media channels.  You can click and share the picture of your product, you can make reels of them and you can also make videos for better effect and result. If you are looking for some Instagram marketing tips for entrepreneurs, we’ve got you covered here.

Here are 4 Instagram marketing tips for entrepreneurs:

  1. Make your hashtag game strong

Be aware as to which hashtags are trending on Instagram. Use a variation of hashtags and geotags that are popular with users. If you use the hashtags that popular with the audience, chances are that your products may hit the ranking and would be at the top, thus helping it reach the maximum number of people.

  1. Have a catchy and crisp bio with a link where you want to direct your audience

Having a catchy bio can help the users land on a page you want them to. You will be able to tap the right set of audiences if you mention the details of your products and give a gist of it in the Instagram bio.

  1. Use quotes from experts

While you post on Instagram, one trick that you can use is to use quotes in your posts from experts and famous personalities from the business that you are in. That way, chances of your post appearing in the trends are more likely. You can also use a watermark on the images with your logo. Posts, reels, and videos with quotes by famous personalities have a high interaction rate on Instagram.

  •  Use Instagram live

One thing you should keep in mind is interaction with the customers. You can use the Instagram live option to give tips, talk about your products to people and take their feedback. Using the Instagram live option, you can take your customers along with you wherever you go, to any events and conferences. This will give you an edge over others when you find new ways to go live and engage with your audience.

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Startup

Startup Ecosystem and Entrepreneurship in Jammu and Kashmir To Get Major Boost As JKEDI Inks Pact With HED and We HUB To Promote Startup Culture

why indian startup fails

In a bid to promote the culture of entrepreneurship and innovation in Jammu and Kashmir, a memorandum of understanding (MoU) was signed by Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) on Friday. Separately, JKEDI also signed an MoU with ‘WE HUB’, India’s first and only state-led incubator of the government of Telangana to promote women entrepreneurship and startup culture, the spokesman said.

The pact between JKEDI and HED will lend expertise and evolve the ecosystem of entrepreneurship and startup environment in the colleges of the Union Territory. The MoU was signed in presence of Commissioner Secretary, Industries and Commerce (I&C), Manoj Kumar Dwivedi and Commissioner Secretary, HED, Talat Parvez Rohella.

Here’s how the MoU will enhance the startup ecosystem in ecosystem in Jammu and Kashmir:

  1. The MoU will boost the entrepreneurship and startup ecosystem in J&K. It will help to establish entrepreneurship development cells, innovation and incubation centers in colleges besides a module of entrepreneurship course will also be offered in colleges with other degree programs.
  2. Under the pact, both the departments can share our expertise and build capacities among the stakeholders. “This will benefit the students across the Union Territory. There is no dearth of talent and this partnership will provide ample exposure and the students will face no difficulty in creating their own enterprises,” the official said.
  3. In his address, Rohella said JKEDI has a mandate of creating entrepreneurship avenues in Jammu and Kashmir and by this collaboration between JKEDI and HED entrepreneurship courses will be started in colleges for the young generation who will be job creators rather than job seekers in coming times.
  4. This MoU will provide a platform for budding entrepreneurs and will create end to end solutions. They will be exposed to options of angel funding, technical expertise to create prototypes and help in up scaling and launching of the final product of startups.

Initially, the programme will start with 14 colleges in the cities of Srinagar and Jammu and will subsequently expand to other regions of the Union Territory. The second MoU was inked virtually between Principal Secretary (IT, E&C), Government of Telangana, Jayesh Ranjan and Dwivedi.

“Apart from the pre-incubation, incubation and startup exchange programs between JKEDI and WE HUB of Telangana, certain aspects of Progressive Innovation Startup Policy of Telangana government can be replicated in J&K for promotion of culture of startups and entrepreneurship,” Ranjan said.

According to reports, JKEDI is starting a pre-incubation programme that would focus on women founders and co-founders, with 30 start-ups from Jammu and Kashmir and 30 from Telangana.

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Business motivation

From Apparel Designer to Executive Director, How Priyanka Chirugapati Carried Forward Her Family Business

priyanka

Life often takes channels completely different from what one plans. Priyanka Chirugapati was also interested in fashion interested as she pursued an associate degree in applied science (fashion marketing) at Parsons, the New School of Design after graduating with a bachelor’s of science in business management from Case Western Reserve University in Cleveland, Ohio. She also went forward pursuing the career of her dreams as she designed Western and Indo-Western apparel for women and selling them through an e-commerce platform.
Entrepreneurship was in Priyanka’s blood, but she rather joined her family business related to pharmacy and is playing the role of a leader in the organization in the present. She joined her family business named Granules India in 2012, a Hyderabad and US-based pharmaceutical company that focuses on R&D, with some of its primary products being Pharmaceutical Formulation Intermediates (PFIs), Active Pharmaceutical Ingredients (APIs), and Finished Dosages (FDs).

Priyanka joined the organization as a good listener and learner which allowed her to think more openly towards the growth of the company. She gradually brought the company’s focus on the domain of manufacturing in the US. Priyanka was responsible for the over-the-counter division in the US as a Product Manager, which was challenging as the company was not working the depths of R&D. She thus changed the entire portfolio of the company and was designated as Executive Director of Granules Pharmaceuticals Inc. (GPI) after two years. The company entered the market of generic medicines when there were already competitors present, but it still succeeded to such as extent that the market constitutes 50% of the organization’s total revenue.

Priyanka faced the biggest challenge in form of setting up a front-end division for Rx business, which she turned out to be the greatest achievement of the organization along with for herself. It is always inspiring how leaders of renowned organizations turn their challenges into accomplishments. Many such leaders share their strategies and operations behind their success in the Everything About Entrepreneurship course by Bada Business, where aspiring businessmen and future leaders can learn the best business skills from leaders of organizations such as Kent RO, Dr. Lal Path Labs, and Xiaomi India. To know more or register, visit https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

12 Entrepreneur Quotes to Inspire Success in Your Life and Business in 2021

What is success? There are many definitions, but one thing remains common that success comes in the face of failures and barriers. The nature of success requires hard work, inspiration and motivation. An entrepreneur should focus on their business; having few phases that motivate can give businessmen support they need. That’s why we have gathered a few inspirational quotes for successful people like Steve Jobs, Bill Gates, Mark Zuckerberg and others to inspire you daily.

Motivating and Inspiring Quotes by Successful People:

  1. “My biggest motivation? Just to keep challenging myself. I see life almost like one long University education that I never had — every day I’m learning something new.” -Richard Branson, founder Virgin Group
  2. “You don’t learn to walk by following rules. You learn by doing and falling over.” – Richard Branson, founder Virgin Group
  3. “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” – Steve Jobs, Co-founder, CEO, Chairman Apple Inc
  4. “Every time you state what you want or believe, you’re the first to hear it. It’s a message to both you and others about what you think is possible. Don’t put a ceiling on yourself.” – Oprah Winfrey, media proprietor
  5. “I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.” -Jeff Bezos, founder and CEO Amazon
  6. “Whether you think you can, or think you can’t — you’re right.” – Henry Ford, Founder Ford Motor Company
  7. “It’s not about ideas. It’s about making ideas happen.” – Scott Belsky, co-founder Behance
  8. “Your most unhappy customers are your greatest source of learning.” -Bill Gates, founder and CEO Microsoft
  9. “If you just work on stuff that you like and you’re passionate about, you don’t have to have a master plan with how things will play out.” –Mark Zuckerberg, founder and CEO Facebook
  10. “Always deliver more than expected.” – Larry Page, co-founder Google
  11. “Design is not just what it looks like and feels like. Design is how it works.” -Steve Jobs, founder, chairman and CEO Apple Inc
  12. “All humans are entrepreneurs not because they should start companies but because the will to create is encoded in human DNA.” – Reid Hoffman, co-founder LinkedIn

What’s your favourite success quote? We hope you can draw inspiration and motivation from these powerful quotes as you continue to grow your business.