Category: Business motivation

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Business motivation

Feeling Demotivated and Lost? Here Are 5 Ways To Recharge Your Entrepreneurial Energy

Ways To Motivate Self | Representational Image (Photo Credits: Pixabay)
Ways To Motivate Self | Representational Image (Photo Credits: Pixabay)

Anyone how takes by the challenge to start a new business of their faces numerous ups and downs throughout his entrepreneurial journey. Right from idea generation to actual establishment of business , an entrepreneur faces a lot of difficulties and uncertainties which might make the person question his decision about starting the venture and loose confidence. In such times, when the entrepreneur feels to give up on his dream of owning a business, she needs constant source of motivation.

To overcome the complexities and low phases in the business cycle, as well, entrepreneurs need flow of motivation and inspiration so that they can deal with the problems and come up with a solution. The business women sometimes need a break from their regular work routine to refresh and recharge themselves.

Here are some ways entrepreneurs can motivate themselves in difficult times:

Read Biographies of Successful Entrepreneurs: Every business man, who gather the courage and start the business, faces certain difficulties, but they remain dedicated towards fulfilling their goals. Reading life stories of such successful entrepreneurs is a great way to motivate self. Inspiring Quotes by Bill Gates That Will Motivate Every Entrepreneur in Difficult Times.

Watch Motivational Movies/Series: Another source of recharging one’s self is through watching motivational movies and series about start-ups, businesses and entrepreneurs. Apart from providing motivation and insights, such shows are give the much required break to the entrepreneur from her regular work routine. Feeling Discouraged? Here Are 16 Bollywood and Hollywood Movies Every Entrepreneur Should Watch for Inspiration.

Communication: Talking to friends and confidants is always a helpful strategy to overcome the hurdles and difficulties. Not only it clear one’s head, communicating the problems with others also helps in finding solutions with advises and outputs they have to offer by bringing an outsider perspective.

Music: Songs are said to heal the worst of pains and provide comfort to people in difficult times. For entrepreneurs, as well, who are trapped in a low phase, listening to motivational songs is an easy and quick way to uplift the mood and get back to work. The lyrics certain songs just hit the right cords and the person feels better.

Engage In Recreational Activities: Sometimes when the entrepreneur is filled with negative thoughts and finds no way to overcome them, he or she should take a break for a while. This will help the business man to clam the mind and think clearly. Various recreational activities such as writing, reading, playing games -indoor or outdoor, a short trip, help the person feel better.

In order to start, survive and succeed in a dynamic business environment, with constant external threats, ever-increasing competition and uncertainties, an entrepreneur needs to be motivated 24X7. There are bound to be bouts of low phases, but the person should never give up and keep working.

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Business motivation

10 Books Every Aspiring Entrepreneur Should Read

Books (Photo Credits: Pixabay)
Books (Photo Credits: Pixabay)

Starting a business is not easy. It involves the investment of various resources, money, time, efforts, people among others. No only the physical assets are involved in the setting up of a business, certain emotional and cognitive efforts are also linked to it. Turning one’s passion into a business is a dream for many, however only a handful of them are able to succeed in achieving it. Feeling Discouraged? Here Are 16 Bollywood and Hollywood Movies Every Entrepreneur Should Watch for Inspiration.

A start-up owner tends to dedicate her entire knowledge, physical and mental efforts, life’s saving and most importantly huge amount of time in it. Hence, survival and succeeding in the business battlefield becomes vital for them. From idea generation to actual implementation of business, the entrepreneurial journey is filled with ups and downs.10 Web Shows Every Entrepreneur Should Watch for Motivation & Inspiration.

Here are 10 books every aspiring entrepreneur should read:

Choose Yourself by James Altucher

Rework by Jason Fried & David Heinemeier Hansson

The 7 Habits of Highly Effective People by Stephen Covey

Stay Hungry Stay Foolish by Rashmi Bansal

Tribes by Seth Godin

Creative Confidence by Tom and David Kelly

To Sell Is Human by Daniel Pink

The Habit Of Winning by Prakash Iyer

MBA at 16: A Teenagers Guide To Business by Subroto Bagchi

The 4-Hour Work Week by Tim Ferris

It is indeed difficult top start, survive and succeed in the highly competitive and volatile business environment. However, with determination, perseverance and the will to never give up the entrepreneurial journey becomes easy and the goals more attainable.

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Business motivation

10 Web Shows Every Entrepreneur Should Watch for Motivation & Inspiration

Inspiring Web Series | Representational Image (Photo Credits: Pixabay)
Inspiring Web Series | Representational Image (Photo Credits: Pixabay)

Though extremely rewarding, the entrepreneurial journey has its own hardships and troubles, leaving the young start-up owner confused, uninspired and demotivated on certain occasion. From the idea generation to making the business plan and final execution, an entrepreneur goes through certain phases of difficulties. However, with string determination and will to succeed, reaching the goal is not impossible. A consistent and regular work flow, well researched plan and constant motivation is the key to success. 5 Motivational & Inspiring Quotes for Young Entrepreneurs to Help Them in Difficult Times.

During the course of starting and establishing the business, an entrepreneur needs continuous inspiration, guidance and a bit of recreational activities to keep the mind and body fresh. A good way to do so is by watching entertaining and motivating shows. Feeling Discouraged?Here Are 16 Bollywood and Hollywood Movies Every Entrepreneur Should Watch for Inspiration.

Here is a list of web series entrepreneurs should watch for inspiration and ideas:

Broken

Inside Bill’s Brain: Decoding Bill Gates

TVF Pitchers

Thinkistan

How I Made Millions

Shark Tank

The Profit

Silicon Valley

StartUp

Empire

Dirty Money

The Apprentice

Watching some entertaining as well as insightful business-related shows helps the entrepreneur do with with the daily work stress and recharges her mind and body to undertake start-ups and successfully venture into real business world.

 

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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

Stand-Up India Scheme: Banks Sanctions Rs 25,586 Cr to 1.14 Lakh Stand-Up India Accounts To Promote Entrepreneurship Amongst Women, SC & ST Category

Women Entrepreneurs in India (Photo Credits: Pixabay)

With an aim to promote entrepreneurship among women, the government announced that banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand Up India Scheme in the last five years. There is a large group of potential entrepreneurs particularly women and Scheduled Caste (SC), Scheduled Tribes (ST) who want to set up an enterprise of their own, which allows them to grow and thrive. Such entrepreneurs are spread across country and are bubbling with ideas on what they can do for themselves and their families.

Aspiring SC, ST, and women entrepreneurs are energetic and enthusiastic but may face challenges in converting their dream to reality. Recognizing these challenges, the Stand up India Scheme was launched on April 5, 2016. The scheme aims to promote entrepreneurship at grassroot level focusing on economic empowerment and job creation. This scheme has been extended up to the year 2025.

The objective of Stand-Up India is to promote entrepreneurship amongst women, Scheduled Castes (SC) & Scheduled Tribes (ST) categories, to help them in starting a greenfield enterprise in trading, manufacturing and services sector, by both ready and trainee borrowers.

About Stand Up India Scheme:

  1. Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks.
  2. Started in April 5, 2016, the scheme has benefited 93,094 women entrepreneurs with outstanding loan of Rs 21,200 crore as of March 23.
  3. This scheme, which has been extended up to 2025, covers SC/ST and/or women entrepreneurs, above 18 years of age.
  4. In case of non-individual enterprises, 51 percent of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur and borrowers should not be in default to any bank/financial institution.

 

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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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Business motivation

Planning To Grow Your Business Online? Here Are 4 Budget-Friendly Hacks That You Should Know

onlline business

Mumbai, April 6: Businesses are becoming seriously competitive these days with innovative ideas and everlasting creativity. Many companies try to fight for their piece of the market share, but are unable to do so. The reasons for which may be numerous. You need to find your way to improve your business and making your business flourish and shine online is one of the best strategies you can use.

The most important thing that you need to keep in mind is to pay attention to customer relationship management, especially during the ongoing pandemic. To grow your business online, you’ll have to create a digital marketing strategy that will help you accomplish your goals and reach a wider audience.

  1. Make a simple and easily navigable website: It is very important that your readers know what your products look like. You should keep in mind that you have to choose a design which your audience will be able to understand. Don’t clutter the website with too much information. Just keep it simple and precise. People should be able to view the website properly on desktop, mobile, tab and other platforms.
  2. Plan good content: Content is the heart of any website. You will be known by the content you generate. One needs to focus on SEO and a good content marketing strategy for the business to fetch a larger audience. Remember, a good and attractive website will draw the audience to your website, thus helping you reach your target audience easily without much of a hassle. You can have blogs as well, by sticking to your niche and educating people about your category.
  3. Make Full Use of Social Media: Social media sharing is growing like never before. Almost all social media channels have huge marketing potential. Therefore, it is important to know how to use it. You should keep in mind that you need to be consistent, engage with your customers efficiently and be a solution provider.
  4. Customer service: This is the crux of any business, which means it the heart of any business whether we were trying to grow your business online or offline. Without great customer service that responds quickly to customer queries and complaints, your business will never survive. Make sure you deliver your products efficiently and are easily accessible to your customers if need arises at any time.

We hope these growth hacks for the online platform is useful for your brand.

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Business motivation

Economic Impact of COVID-19 Second Wave Minimal So Far: Crisil Research

Marketing Strategies| Representational Image (Photo Credits: Pixabay)
Marketing Strategies| Representational Image (Photo Credits: Pixabay)

According to Crisil Research, the economic impact of the second wave of novel coronavirus has remained minimal so far in India with less stringent restrictions. “Few countries have escaped a second wave of the Covid-19 pandemic and it is India’s turn now, with daily cases crossing the previous peak of September 2020. And this wave is spreading faster than the first, though with a lower fatality ratio,” Crisil said in a statement.

“Initially concentrated in Maharashtra, new cases are slowly dispersing to other states, which have seen some dip in mobility towards end-March. So far, though, the economic impact remains minimal, with localised restrictions. Maharashtra, the worst impacted state, has introduced somewhat stringent restrictions that will temper mobility and contact-based services,” it added.

The statement added that mobility at the all-India level has remained nearly unaffected ever since a boom in cases since mid-February. However, mobility in Maharashtra is beginning to weaken.

From March 29 to April 4, the covid cases surged from 68,000 to over 1 lakh. Of the total cases during the same period, Maharashtra accounted for 55 percent of new covid-19 cases. Even though Gujarat, Chhattisgarh, Madhya Pradesh and Punjab accounted for fewer share, these states witnessed the highest growth rate in new news cases after Maharashtra.

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Business motivation Startup

Startup Nurturing Platform India Accelerator Plans To Select 100 Startups for Seed Funding in 2021

Startups (Photo Credits: Pexels)

New Delhi, April 5: In a bid to nurture and encourage the startup ecosystem in India, start-up nurturing platform India Accelerator has planned to expand its start-up portfolio by over three-folds in 2021 with investment in around 100 such ventures. Reports inform that the company invests Rs 25 lakh in select startups every year, provides guidance and connects them with other investors as they mature, India Accelerator founder Ashish Bhatia told PTI.

According to a PTI report, Bhatia said the company is close to launching SEBI-approved alternate investment funds both for category 1 angel fund and category 2 venture capital fund, which will be providing more funding opportunities for startups. The founder of the firm said that during the COVID-19 pandemic the company has expanded footprint to select startups from across India and is now planning to launch its programme overseas as well in Dubai, Africa, Singapore, London and USA.

Here’s how India Accelerator (IA) has helped startups in India

  1. India Accelerator (IA) had invested in around 30 startups in 2020.
  2. According to TiE report, there are around 38,000 active startups in the country, out of which 26 are unicorns.
  3. Bhatia said that IA has partially exited from five startups with up to six-fold return on investments.
  4. Reports inform that the startup ecosystem in India had attracted USD 14.5 billion of funding in 2019.
  5. Since August 2017, IA has selected around 70 companies for acceleration. In 2020, IA has closed 27 funding transactions and around two-third of portfolio companies have raised their follow-on round of funding.
  6. During the COVID-19 pandemic the company has expanded footprint to select startups from across India and is now planning to launch its programme overseas as well in Dubai, Africa, Singapore, London

“While Accelerator programme is the core foundation for the success of our startups, there are other critical pieces needed to help grow a startup, these (new funds) help us in expand even further — to new geographies and in other domains, thus helping us to move forward with our target of picking up 100 high-pot startups every year,” Bhatia said.

“Covid was of course unplanned disaster, a lot of startups sank. Nevertheless, it helped us move to remote areas. Earlier you heard about startups from NCR, Jaipur, Rajasthan, Gujrat, they only could come and apply. Now we are mentoring startups from Kerala, Chennai, West Bengal, we have become a pan India entity,” Bhatia said.

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Business motivation Startup

5 Surprising Myths about Entrepreneurs that need to be busted!

Do you have what it takes to be an entrepreneur?

If you will ask any entrepreneur who has built a startup, he or she will tell you that starting a company is just like having a baby. The slight line between the two is very sleek. And just like parenthood, entrepreneurship is not for the faint-hearted. It is emotionally draining, physically, and spiritually tough.

Starting a business requires courage to take risks, patience to face the worse, and confidence to manage everything with panache. That being said there are plenty of ideas, notions, assumptions, beliefs, and most common myths that surround entrepreneurs.

Some of them might inspire a lot of you; while some of them might prove to discourage you to start your own business. However, these myths are far from true and superficial too.

Here is a list of all 5 common misconceptions about entrepreneurship that we will go through and debunk to present the truth behind them. If you are on the fence about building a startup, take a look at these myths getting debunked:

MYTH 1- Entrepreneurs Lack Personal Life

Lots of people believe that entrepreneurs work 24 hours a day, 365 days a year. Though entrepreneurship can take grueling working hours and commitment, it is not true that entrepreneurs do not have a personal life.

Part of being your boss means you can schedule your working hours and can take time off whenever you want. Certainly, this does not mean that you can take off whenever you don`t feel like coming to work, it simply means that you can attain a cordial work-life balance.

Also, one of the key skills to become a successful entrepreneur is to acquire brilliant time management skills. So, if you can establish a proper work routine, you won`t have trouble finding free time.

MYTH 2- Wait for the Right Time

A common misbelief where people believe that they should wait for the right time to launch a business can prove costly. Perhaps, this could be one of the reasons, why most of the excellent projects never see the light of the day. The truth is that there never really is a “right” time. Most people never feel fully ready.

The secret behind the success of few entrepreneurs is that prepare themselves for the future by taking small steps. You can take all the time in the world to plan, build and then put it off for years, but if you don`t execute it, you are not going to go anywhere.

If you wait for the right moment, you will keep waiting forever. There is not a set date or an alarm that will go off announcing, “Today is the day!” The sooner you begin, the sooner you will get closer to a sustainable and profitable business.

MYTH 3- You need to Know Everything Before Taking the Leap

In the bestselling book, Rookie Smarts, author Liz Wiseman asks the million-dollar question- Is it possible that we can be at our best despite being under-qualified or trying something for the first time? The answer is yes- with the right, focused, and a positive mindset.

Being new, curious, and somewhat naïve is an asset in today`s dynamic world. Sounds strange, right? However, there is a logical reason behind it. To be successful at anything new requires energy, innovation, creativity, and the ability to step outside your comfort zone.  It`s often not what you know, but how fast you can learn is that counts.

MYTH 4- Entrepreneurs take a lot of Risks

Entrepreneurs do take risks! However, this doesn’t necessarily mean that they put themselves in a high-risk situation. Entrepreneurship is generally considered a risky proposition and many risks are associated with your business. However, contrary to popular belief, entrepreneurs smartly plan their every step to reduce risk.

They follow a calculated learning and experimentation process, actively taking steps to mitigate risk early and continuously.

MYTH 5- Entrepreneurs are only Driven by Money

Would entrepreneurs start a business in which they can`t make huge profits? Never! However, there is more to it. Generating revenue is not the only motivation for small business owners. It is not even first on their list. Following their lifelong dream and achieving their passion is the main motivation for entrepreneurs.

Then, comes financial stability. It does not mean that you are buying Ferraris. Being financially stable simply means that you are living a comfortable life and able to make ends meet. Money is a motivator, but not as important to entrepreneurs as people assume.

Dreams and ideas are two fundamentals, but also you will have to believe that it`s possible to achieve them. More and more men and women are starting a business. Everyone can get the skillset and mind of an entrepreneur. But to be a successful entrepreneur passion, confidence and the willingness to never give up are the most essential.

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