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Business motivation

Never Buy A Franchise Before Asking These 5 Crucial Questions

Never Buy A Franchise Before Asking These 5 Crucial Questions
Never Buy A Franchise Before Asking These 5 Crucial Questions

Many people want to start their own business, but either doesn`t have a startup business idea or lack the entrepreneurial vision. A franchise business in India is one of the most feasible options for those who don`t want to start a business from the scratch.

Purchasing and operating a franchise is easy and is similar to coloring inside of the lines. Brands that are well established and have a strong presence already have a niche market. So, if you don`t have a problem selling burgers that are made by someone else, a franchise business may be just the ticket for you.

But the universe of a franchise is broad and diverse. It has arguably more than thousands of options, which is both good and bad news. So many choices often result in confusion and lots of intimidation.

Though franchise business in India offers a new yet practiced way of doing business, there are multiple things you should clear before choosing any franchise business.

Every year, a lot of entrepreneurs enter into a franchise business for the first time. But very few achieve success. So how will you decide which franchise is good for you?

Here are 5 questions that you must ask before investing your money in a franchise:

1. How much do I invest before entertaining customers

You may find the initial charges and investment-related information on the company website or franchise brochure, but you might incur various other costs afterward. Hence, you should ask about the initial investment in details apart from the basic information. Ask them about real estate, equipment, leases, etc.

Always ensure that you discuss these terms in detail with the franchisor so that you have a clear picture of your investment and your financial requirements to get up and running.

2. What changes did they make to support their franchises through COVID-19?

Two years ago, asking this question wouldn`t have come even in the existence. But now we are living in a changing world. Thus, you need to ask them how they supported their franchises throughout COVID-19. Knowing how things went in the worst of times will give you clear insights into how things might go in the best of times or amidst any other crisis.

Many good franchisors went out of their way to support their franchisees. Some even waived off their fees and helped them obtain paycheck-protection-program funding along with making them updated with new technology.

3. What sets your brand apart from its competition?

Competition is a part of any business. However, it is important to understand what makes one brand different from the rest. For instance, if you are thinking about buying a fitness franchise, you will want to understand what sets this brand apart from the crowd and what concept do they have as a brand. As it is your money that you want to invest, think twice before you invest. Make it a point that you understand the business model and value proposition of franchise businesses in India.

4. What is your failure rate? How many franchises have closed and why?

Even the most popular franchise brands have their franchisees closed due to one reason or another. In some cases, it’s the franchisee`s fault as they did not have the required skill set or could not adhere to the system. But in many cases, it’s the franchisor`s fault. It could be insufficient training or an inefficient business model.

As no one wants to invest in a bad business model this is why it is important to examine a brand`s failures no matter who was at fault.

5. Are there any Financial Incentives or Deals?

Franchisees often hesitate to talk about monetary incentives or deals. Many franchisors offer discounts on the franchise fee. They also offer to waive off the royalty fee for a few months to help the business take off.  So before you decide to invest in a franchise business in India, ask your franchisor whether they assist you in lease negotiations, site selection, etc.? What support staff will be accessible to you and in what other ways they will assist you beyond providing initial training?

Franchise business in India often comes with less risk than starting a business from scratch and offers a path that can lead to success and profitability. However, it is important to ask the above-mentioned questions and many other things to ensure that you are putting your money in the right direction.

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

From finance to HR, Digital Marketing to IT & Sales, find creative solutions to prominent business problems easily with our Business Coaching Program. Click here to know how this exclusive course will benefit you: www.badabusiness.com

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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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Business motivation

5 Classic Books Warren Buffett Recommends For Every Entrepreneur!

5 Classic Books Warren Buffett Recommends For Every Entrepreneur
5 Classic Books Warren Buffett Recommends For Every Entrepreneur

Warren Buffett didn’t become a billionaire by just a sheer fluke. But by making smart and informed investment decisions to play a long game and by acquiring a vast amount of knowledge Warren Buffett has become what he is in the present day.

Today, not many people want to spend their time reading due to many reasons. But Buffett reportedly spends around six hours a day reading books. Though it may be a daunting task for many people due to their hectic lifestyle, if you are highly inspired by The Oracle of Omaha, you must read around “500 pages” every day.

Warren Buffett spends 80% of his time reading. He has read a lot of books over the years and has made book recommendations along the way. However, just like everyone he too has some of his favorites of all time and would love everyone to read, especially entrepreneurs who are starting a small startup business.

Here is a list of five books that every aspiring entrepreneur, solopreneur, and wantrepreneur must read:

1. The Intelligent Investor- By Benjamin Graham

At the age of 19, Warren Buffett first read this book in 1950. He points out that it is by far the best book about investment that includes a proper intellectual framework for decision making. He has also added a preface to the book`s fourth edition.

The Intelligent Investor, written by Benjamin Graham teaches its readers some of the most invaluable investment strategies regarding value investing in the stock market.

So what is his favorite way to accumulate knowledge? Reading. Watch the amazing journey of Warren Buffett here:

2. Business Adventures: Twelve Classic Tales From the World of Wall Street- By John Brooks

First published in 1969, this book is an interesting compilation of Brook`s New Yorker stories. It takes its readers on a journey where it recounts events such as Ford`s introduction of the Edsel, and the rapid rise of Xerox in the days before Steve Jobs disrupted the market with his revolutionary ideas.

When Bill Gates asked Warren Buffett about his favorite book 19 years ago, Buffett gifted Gates with his copy of the same book. Though the business world has changed a lot, Gates says, “Brooks’s deeper insights about business are just as relevant today as they were back then.”

3. Security Analysis- By Benjamin Graham & David L. Dodd

While studying at Columbia University, Buffett read Security Analysis with both its authors. “Together, the book and the men changed my life”, he wrote. Since then he has been following their investment strategy, and it continues to serve him well to date.

4. One Thousand Ways to Make $1,000– By F.C. Minaker

If you can get past the dated language, Buffett credits One Thousand Ways to Make $1000 to kick-start his career. The book was written in 1936, and Buffett found this book in the school library at the age of 7 years. The lessons embedded in this book have stood the test of time and remain as valuable as they were back in 1936.

5. The Most Important Thing- By Howard Marks`s

Warren Buffett has always been an advocate for taking risks. But he firmly believes that there should be a methodology behind it. To help develop that methodology, he recommends “The Most Important Thing”, by Howard Marks. Marks, co-founder, and chairman of Oaktree Capital Management is a renowned investor known for his insightful assessment of market opportunity and risk.

If you want to understand the dynamics of investment and business, these books are recommended by Warren Buffett and every entrepreneur must read them.

We know what you are thinking! 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 are offering Business Coaching Program for Entrepreneurs.

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Business motivation

5 Key Things Entrepreneurs Must Consider Before Choosing Business Coach

5 Key Things Entrepreneurs Must Consider Before Choosing Business Coach
5 Key Things Entrepreneurs Must Consider Before Choosing Business Coach

With the onset of the pandemic in 2020, the dynamics of the business world shifted drastically. It is no more a secret that the virus and the nationwide lockdown have left a negative impact on every business. However, it is the small businesses that are worst affected and doing less despite their efforts.

While many entrepreneurs have experienced huge losses and are still struggling to gain momentum in their business, many have taken help from the best business coach in India.

The term business coach has gained a lot of popularity in recent years and it also denotes a mentorship relationship for both the individual leaders and their organizations.

But how to find the right business coach that can take your startup business to greater heights? Finding the right business motivational coach requires a strategy that will ensure that you get nothing but the best.

If you are looking for an expert to help you overcome all the hurdles in your business, here are 5 things that you must look for in a business coach:

1. Equipped with Industry Knowledge

When looking for the best motivational speaker in India for your business, always ensure that the prospective individual has a solid understanding of your industry and market. It may sound simple, but even small details matter when you are planning to take help from a professional. Mundane skillsets like accounting, human resources, etc. have unique attributes that are industry-specific.

2. An Expert in Your Discipline

Though it may be unrealistic to expect that one person will have deep expertise in all areas. But, it is often required because every business has different requirements. So, depending upon the size and the maturity of your company, a more deeply focused advisor is what is required.

3. Culture & Value Alignment

It is very important for the business coach that you hire to build trust and a rapport in your organization otherwise his inputs can be met with resistance. Also, personality match is the key consideration as it can help you to bridge gaps in your current culture.

4. What Values He Brings

While a business motivational speaker may have multiple strengths, it is very essential to figure out that crucial trait that will help your organization and your business to grow. For instance, find out if they are capable to see the gap space between what is being done currently and what should be done to make some progress.

5. Proven Record

Whether qualitative or quantitative, an ideal business coach will talk in terms of concrete results from his past experiences. This will not only give you confidence in his expertise but will also give you an idea of how much he can be beneficial for your small startup business.

Always ask for their past work and check that they have a proven track record of the work they have done. Also ask them about references that can provide additional context for how these results were achieved, and with what level of accuracy on implementation guidance.

A business coach can help you out because he has been there and has gained an experience-first hand. A business motivational coach is someone who has been in the industry for a very long time and has acquired good experience. Such an advisor can help you to take tough decisions and can advise you better in making a business plan for your startup.

Hiring the right coach can take your startup business in a completely new direction and on the path of growth. To understand the dynamics of business in-depth, you can take our business coaching program.

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Startup

5 Effective Steps To Start Your Dream Business In Small Towns!

5 Effective Steps To Start Your Dream Business In Small Towns
5 Effective Steps To Start Your Dream Business In Small Towns

Are you someone from a small city of India, who has big dreams and innovative business ideas designed for small towns? Though with determination and passion anything can be possible, it can be hard to figure out from where to start with a small-town business idea.

There are many types of entrepreneurs. Where some want to start their own small startup business in their hometown purely out of a passion for what they are doing, others want to resolve a problem that they have just figured out in the marketplace.

So whether you want to start a dance studio, wellness center, or simply a business consulting firm, starting a new venture can be immensely intimidating. For those who want to start anything new in the small Indian towns—how can you ensure that you do it right?

1. Create Your List

Anyone who is planning to start a startup identifying a gap in a small town is as simple as a Google search followed by taking a walk. To start your own small business in your town will require in-depth research. And if you can take a business coaching program customized according to your needs, the road will become quite smooth.

Check out the local businesses that could be your competitors and observe what they are offering to the customers and where they are lacking.

If you don`t stay in the town where you are planning to open a small startup business, spend a weekend there. There might be restaurants with a full-fledged menu, but not a small café that exudes cozy vibes, hardware, and a beauty shop, but what else would you be interested in having there?

How can you provide a solution to the locals through your product or service will give you a great idea to come out with a great startup business plan.

2. Find out the other side

Once you have made your list, that`s just the beginning. Creating a list on your own is just one perspective. This brings us to the next step- asking the customer what it wants! Take a walk, greet, meet, and talk with random people. Ask them about their burning problems. Do they have to go far to buy fresh vegetables or do they love quality organic food, but don`t have a café that serves it?

Don`t just ask a group of people; ask as many people as you can. You can carry this task by driving around the high-traffic areas and spending a couple of hours asking questions and recording their replies. You will be surprised to hear the same ideas repeat.

By talking to a lot of people, you will also begin to build connections and relationships that might come in handy and will speed up the process of launching your startup business in small cities.

3. Figure Out the Gap Best For Your Business

Whether you are an independent business consultant looking to open your consulting services or a baker who wants to run her bakery, you need to make a list of businesses that will make sense for you.

For instance, maybe you have everything that is required to open a bakery shop, but you don`t want to open it. In that case, it is completely okay to cross it off the list. The aim is to find the three objectives that fit the 3 criteria:

a). What does your town or city need?

b). What do you enjoy the most?

c). What would you like to do

All you need to do is align these 3 things and you are on your way.

4. Protect Your Downside

Now that you have asked a lot of questions, created a list, and know which business you would like to start, it is time to ask structural questions to evaluate and validate the idea. One must find out and address all the challenges before launching a business through various questions.

Can you start on a smaller scale? Can you take a small place on rent instead of taking over an entire spot yourself? Can you get customers to sign up ahead of time?

If you find out that there are more challenges than you are comfortable with taking on then either you need to find out a better solution or head back to your list to fill the gap. If you have figured yours, addressed it why it wouldn’t work and you are still ready to move forward that brings us to the next step.

5. Startup Business Plan

If you have decided to move forward with your business plan, you might need to come up with a full startup business plan. Thanks to all the work that you have done earlier, you can create a great business plan, quickly.

So iron out an interesting business plan and always remember that it is a dynamic document. It keeps evolving and improvising. Find the gaps, refine the gaps, figure out what is best for you, manage downside risk, plan & execute.

Find the gaps, refine the gaps and figure out what will be the best for you and your niche market. To understand the dynamics of the business market, you can also join business coaching program for entrepreneurs. Learn from the industry leaders to understand how you can start a startup and run it successfully.

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

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Strategy

5 Time Management Secrets Of Successful Entrepreneurs

5 Time Management Secrets of Successful Entrepreneurs
5 Time Management Secrets of Successful Entrepreneurs

Serious goal settings require an unblinking focus on managing time effectively and it is one of the most powerful skills that can help you to attain success. In the absence of it reaching your goals will be impossible!

You can make some progress, but handling your tasks will be an uphill battle if you don`t take your time seriously.

Time is the greatest asset. If you invest in it smartly, your life will be transformed irrespective of your age, religion, caste, creed, occupation, and gender. So if you are serious about achieving your goals, you should find good time management and work upon it.

The foremost important thing is to achieve some balance in your professional and personal life. If you are looking for some of the most effective time management skills, here is a list:

1. Set Goals

Not having a goal simply means driving without knowing your destination. If you don`t set a goal, then you will lack the proper targets due to which you will fall off track. But when you set them the right way, the sky is the limit. Use the smart goal technique to sort your professional and personal goals to see things through. This video would help you to set a clear focus on your goals:

2. Find a Good Time Management System

To maximize your productivity, finding a good time management system is very crucial. There are many time management systems like The Parkinson`s Law, 1-3-5 Law, the quadrant time-management system, and a lot more.  These systems can help you sort your time effectively and can help you increase your productivity.

3. Spend Mornings on MIT’s

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

4. Take Breaks When Working

While many organizations endorse the culture of working continuously, round-the-clock, it is one of the most toxic traits that can hamper your productivity as well as your mental peace. Take frequent breaks is essential as it boosts your creativity and productivity. According to a study you should work for 52 minutes and take a break for 17. And if you are an entrepreneur who is working for yourself, this becomes even more crucial.

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

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

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

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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.

The idea of managing the 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.

With the help of a personalized business coach, you can get your marketing game back on track. Grow through self-learning and see your website traffic increasing with marketing collateral designed especially for you. Learn more here about the course: www.badabusiness.com.

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Strategy

7 Most Useful Strategies To Become A Successful Freelancer

7 Most Useful Strategies To Become A Successful Freelancer
7 Most Useful Strategies To Become A Successful Freelancer

While freelancing has been a popular career choice, the pandemic has pushed it further to take the center stage. Irrespective of your profession or career field, freelancing gives an equal opportunity to everyone to grow. One can work at his or her own choice of working hours without having to be a part of office politics and unnecessary gossip.

Working for your own self has its own set of rewards however taking the first step towards it can be daunting. Many individuals step back from embracing freelancing because it may appear daunting to begin a new freelancing startup business.

Becoming a successful freelancer is not an easy task. This is why we have come up with 7 immensely effective freelancing Tips for beginners that will help you to achieve your dream with ease:

1. Know Why You Want to Freelance

Starting a new venture may seem exciting, but if your goal is not clear behind it, you will not be able to sustain it for a long time. Do you want to become freelance because you are seeking work satisfaction or you are looking for a work-life balance? Is it a flexible schedule or you are doing it only because you want to increase your family income?

It is crucial to identify your goals and understand why you want to become a freelancer. So take some time out, introspect and find out the reason behind you becoming a freelancer.

2. Figure out Your Key Strengths

“The greater are your skill sets, the higher prices you can ask for yourself in the market.” The second freelancing tip for beginners is introspection. Whether you will be a successful freelancer or not, depends on the quality of your skill sets. Focus your time on perfecting the skill sets that will help you to achieve your goal. Do not waste time imitating others.

Make a list that of your skill sets and write them down in the two sections- skills set that you use daily, and skills set that you don`t use daily. Sometimes the highest-paying skills are the ones, you don`t like the most.

3. Identify your Achievement

One of the best freelancing tips that you can ever use is to discover the achievement that you achieved in the shortest time. Find out that one achievement that helped you win money, new market, votes, awards, or perfect result when the odds were against you.

Finding your achievement can help you identify your skills and strength that will further aid to maximize your growth.

4. Plan of Action

As a freelancer, it is easier to get carried away by taking long breaks. While this could be relaxing for a short duration, in the long run, it can be detrimental to your career growth. To become a successful freelancer you should come out with a detailed plan of action and work according to that. You can also curate monthly, weekly, and daily plans of action by keeping your goals in mind.

It is also very important to keep realistic expectations and plans as disappointment will set in when your plans will not come to fruition.

5. Build Your Brand With Specialization

Building your brand requires you to create an undisputable reputation by becoming a specialist in your field. Once you become an expert in your field, your market reputation will increase and more clients would like to work with you.

Look for skills and courses that can help you to enhance your portfolio. Dwell upon questions like which is the best way to build a website, how to make blogs more interesting, and how to gain more visibility?

6. Identify Personal Traits

“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” This famous quote of Bruce Lee says it all. We all have that one personal trait where we excel and no one can beat us. All you have to do is to identify it. Figure out whether you communicate well, have good leadership skills, problem solver, are curious, or remain positive and calm under a stressful situation.

These personal traits help to build a reputation in the market. And as we have mentioned earlier, a good reputation helps you to get more clients.

7. Grow Your Online Presence

The last freelancing tip is to create your business website and keep updating it with interesting blog posts associated with your brand, your niche market, and your latest work. Join forums and groups on social media specific to your niche and do not forget to leave comments.

If you are a writer and looking for freelance work you can collaborate with other writers.  You can write guest blog posts. Writing blog posts and maintaining a portfolio will give exposure to your work and give you an authority in your field.

Being a freelancer can give an air of freedom, but starting it and becoming successful in it can be overwhelming and require dedication. But if you are passionate about your work, nothing is impossible. Apply the above-mentioned 7 freelancing tips and you will see unbelievable success in your field.

You can watch this amazing video by Dr. Vivek Bindra on 7 strategies to become a successful freelancer here:

We know what you are thinking! 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 course Business Coaching Program. This unique course comes with a Foundation course, specialization courses, and value packs.

Categories
Motivational

5 Simple Yet Effective Tips To Help You Become A Powerful Public Speaker!

5 Simple Yet Effective Tips To Help You Become A Powerful Public Speaker!
5 Simple Yet Effective Tips To Help You Become A Powerful Public Speaker!

Great communicators are more liked, more successful, more confident, and more productive. Effective communication is crucial in today`s world. Whether you are an established businessman or an entrepreneur who is struggling to find investors, communication is the key to build relationships- both personal and professional.

To become a great leader in business as well as life good communication skills matters a lot. Often, inadequate communication results in promotions not being given, loss of opportunities, and relationships tarnished. The best motivational speakers in India will also swear by this one skill that can open a door of growth opportunities.

So how can you improve your communication skills to become more effective as a leader in business and life?

1. Become an Active Listener

If you dig a little deeper, you will realize that most people do not listen to understand; they listen with the intent to reply. This is where the major fault is! According to the best motivational speaker in India– Dr. Vivek Bindra it is very crucial to listen and understand before responding.

You may feel the urge to put your point across, but before you do that, it is important to pause and listen to the other person. This will give you some time to understand the other person through his verbal and non-verbal ways. Hence, practice becoming an active listener with the next person you meet.

2. Ask Questions

If you will never ask, you will never know. Shying away from asking questions due to the fear of asking a wrong question or embarrassing yourself is something that can hinder your growth. Though having these thoughts when speaking publicly is normal, but when questions aren’t asked, people may remain stuck in the unknown. Next time, ask questions to witness the real results and show people that their communication is valuable.

If you will neither listen to people nor respect them, they will not take part in what you are talking about.

3. Say Goodbye to Stage Fright

Many of us have the fear of speaking in front of a large crowd. This is called stage freight.  To overcome speaking in front of the crowd, you can start practicing in front of the mirror. This will give you a fair glimpse of how you appear in front of the crowd, how are your expressions and if you are maintaining eye contact. This will also instill a sense of confidence to talk and put your points across clearly.

4. Understand Your Target Audience

Effective communicators don`t waste time preparing brilliant answers in their minds, especially when someone is speaking. Instead, they try to focus on their target audience and ask questions. This helps them to build a connection with their audience and clarify things and ensures that people understand what others are saying.

To become powerful communicators, they continually check their understanding to avoid miscommunications assumptions, and misunderstandings.

5. Be Aware of Misunderstandings

In any communication the room for misunderstanding is always present; therefore an ideal communicator observes the gaps in the communication, differences in patterns, distinct reactions from various people, and consistencies that are expected from a person. They also observe closely the alignment of words, tone of voice, message, and body language. If any of these factors lack verbal and nonverbal communication, communication becomes a disaster. This is generally an overlooked factor that can easily be eradicated.

Ideal communicators give themselves permission to understand and listen to others; in this way, they understand what people are thinking about a particular situation or circumstances. They know how to balance speaking and listening effectively. This makes people comfortable and ensures that they speak what truly matters.

To become a powerful communicator or a public speaker, you should practice these tips to enhance your speaking abilities if you want to grow well in your professional as well as the personal region.

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Strategy

4 Powerful Time Management Tips To Take Your Performance At Its Peak!

4 Powerful Time Management Tips To Take Your Performance At Its Peak!
4 Powerful Time Management Tips To Take Your Performance At Its Peak!

A day has 24 hours, and individuals have 240 tasks to accomplish in those limited hours. From students to entrepreneurs, small business owners to employees everyone struggles with achieving their goals in the limited hours despite many time management strategies available.

Between studying for exams, enrolling in new classes, writing papers, reading books, and making time for office hours, there are multiple tasks to complete as a student. Many people complain about not having enough hours. But all the successful persons in this world have 24 hours too. Then how did they accomplish so much? They manage their time efficiently and achieve more by doing less.

Though there are various time management tips available, we have narrowed down the list by handpicking the most effective ones:

1. OKR- Objectives & Key Results

A very effective framework, OKR is used by the world`s big giants like Google, Uber, Linked In, and Intel. This framework is quite simple and consists of Goals and key results. In the OKR framework objectives are descriptions of the things that you want to achieve. They should be short, engaging, and inspirational. One should have 3 to 5 high-level objectives.

Key results are metrics of how you measure your progress towards your objectives and should be very clear. There is software like Weekdone, Perdoo, Workfront, 15five, and 7 Geese that support OKR.

2. SCRUM Technique

SCRUM is the most popular and effective agile productivity framework especially when it comes to software development. Though it is not a time management technique, it can help in boosting your productivity. The major aspect of this technique is that you have to stay flexible and be acceptable about the circumstantial changes.

Also, this technique puts a lot of emphasis on team-building to create a valuable outcome, responses to changes, and collaboration with all stakeholders. It helps to improve the way you do your work.

It divides into three roles:-

a). Product Owner-His role is to manage priorities, talk to stakeholders, and takes care of products.

b). SCRUM Master- He ensures the SCRUM framework and removes obstacles.

c). The Team- Cross-factual, and a fully committed team.

3. POMODORO Technique

Invented in the late 1980s by the software developer and author Francesco Cirillo, ‘the Pomodoro Technique is a very popular time management tip. One of the major reasons behind its popularity is its simplicity. In this technique, you should break down your daily work and complete it in intervals separated by short breaks.

You work for 20-25 minutes straight which is called one Pomodoro and then take a 3-5 minutes break. After 4 Pomodoro cycles, you take a longer break of 15-30 minutes to recharge.

4. Do Deep Work

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

The above-mentioned time management tips can boost your productivity. Apply these in your daily life and you can achieve more by doing less. Finishing your tasks on time will instill a sense of achievement that will keep you motivated.

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