Category: Business motivation

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Business motivation

MSME Loans: A Basic Guide To Know It all

As daunting as it sounds, the process of arranging an MSME loan for your new business is not as complicated as it is generally perceived to be. All it requires is well-conducted research. Once you decide on a new business idea that you want to invest your hard work in, it becomes a primary concern to think about how you will raise or gather funds for the same. 

For an entrepreneur, we think it’s the best idea to stay aware of all the loans, schemes, and policies that the government and other bodies actively introduce to the common people to ease off the financial burden that tags along with establishing a new business.

Now that the government is marching ahead to the future to make India stronger than ever, the timings could not have been better for the entrepreneurs to start their business and make the most of these schemes. This article is the perfect read for all who are trying to apply for an MSME loan for their dream businesses. 

You Are Just A Few Steps Away From That Much Needed Loan

  • Firstly, register yourself as an MSME by visiting  udyogaadhaar.gov.in which is a national portal.
  • You will be asked to provide basic details like your name and the aadhaar number. Submit them and validate them with the help of an OTP.
  • Now you will see on your screens an application form which you will have to fill. Upon submitting, just to make sure that you have entered all the details correctly, the system asks you to recheck everything. Once rechecked, click “OK” to confirm.
  • The system will finally ask you to fill in the OTP that you will receive on the number that is linked to your aadhaar card.
  • Note down the registration number somewhere safe.

Always Be Ready With Those Documents

As basic as it may sound, it really comes in handy to keep the documents mentioned below ready with you just in case. These documents are

  • Your application form
  • Identity proof for which you can use your PAN card, aadhaar card, driver’s license, voter ID, etc.
  • An address/residence proof for which you can use your electricity bill, rent agreement, trade agreement, etc.
  • Some financial documents such as your ITR papers, bank statements, balance sheets, business turnover, etc.
  • Business proof which could be supported by Business Registration, Memorandum, and articles of association, etc.

Business Specific Documents

Apart from all of the above-mentioned documents, there are some other things that are still left to be taken care of. To avoid the last-minute chaos, we are sharing with you these important documents that are specific to the type of business you have.

  • Companies will need to gather the Certificate of incorporation, memorandum of association, articles of association.
  • Partnership firms will have to arrange the Registration certificate, partnership deed.
  • Private limited companies are supposed to be ready with a Registration certificate, articles, and memorandum of association.
  • Sole proprietorships will have to check for a Registration certificate, ITR, or another proof of business identity. 
  • Self-Employed Professional (SEP), be ready with proof of your qualifications. For self-Employed Non-Professionals (SENP), proof of business will be more than enough.

Which Banks Are To Be Approached?

State Bank of India, HDFC Bank, Allahabad Bank, Central Bank of India, ICICI Bank, Bajaj Finserv, Oriental Bank of Commerce, Union Bank of India, and Indian Bank are some of the banks who are providing MSMEs business loans to fulfill their dreams. Always keep in mind that every bank has its own ways to figure out the rate of interest on which a business is supposed to repay the loan. Hence, we would advise you to do your research and see for yourself which bank is meeting your financial needs.

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Business motivation

Businesses Of Future: 3 Ideas That Are Going To Hit The Jackpot

“For the canny and the farsighted, vast deficits also create vast opportunities,” says Simon Dunstan and we could not agree more! It is very important to be farsighted with your approach as an entrepreneur for the opportunities are many, if only you can filter out the booming sectors and the business ideas of tomorrow to be prepared in advance.

The future business ideas are generally far too out there and are often ridiculed and looked down upon by many just because of their low viability quotient in the present times. However, we all have witnessed how some ideas that sounded stupid back then have worked wonders when actually were worked upon. The perfect example would be Tesla, how the idea was discouraged, and how it became a giant success.

Try and wrap your head around these new and unique future business ideas that you can prepare yourself for.

The Future Belongs To Drones

Yes, you read that correctly. The future holds many business opportunities around the world which involve drone technology. Nowadays the demand for drones to deliver the products directly to consumers has been dramatically increasing as a result of social distancing norms and the paranoia of many consumers. Safety, these days, has become the utmost priority of the consumers and businesses are leaning towards drones to cater to these needs. 

These drones will not be useful in COVID times, but also prove to be quite helpful during an unfortunate natural disaster or in reaching remote areas. We advise you to do your homework on drone technology and if it is something that interests you, you are sorted for a very long time.

Save The World From Cyber Criminals

With time, many businesses have gone online to grow at an exponential rate as today’s consumer relies heavily on online commerce. When businesses go online, they almost always need a website. With these many websites around, hackers have become very active these days and have not been shying away from crashing the site and exporting money in lieu of it. To tackle these attacks, we do have a few agencies but there aren’t enough. If this is your niche, this could be the best business for you to be in as the competition will be low, you will have the upper hand in pricing, and the future will be brighter than ever.

Encash The Cashless Generation

In today’s day and age, almost everybody has a smartphone and can access the internet. With this facility available to most of us,  we are slowly and steadily shifting towards a lifestyle where even the smallest of the purchase will be made online. As online transactions have emerged as the need of the hour, a few groups have already marked their presence and are doing very well as e-wallet service providers. However, as there are still new people joining the bandwagon every single day, this business will bloom even further. Now that the cost of developing an app has been brought down drastically as there tons of skilled freelance developers out there, you can start this business with a small investment, if it interests you!

We can only suggest the destination, but it’s for you to cover the journey and make a difference with your efforts. Don’t let others make you think otherwise of an idea that you know you are confident of. Just make sure that idea solves a problem that might look small today but take a bigger form tomorrow and the rest will fall into place!

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Business motivation Strategy

Visa, IFundWomen Announce Grant Programme to Empower Women Entrepreneurs in India

Entrepreneur (Photo Credits: Pexels)

Mumbai, September 21: With an aim to empower women entrepreneurs in India, Visa along with its global partner IFundWomen on Monday rolled out a grant programme to boost the morale of women entrepreneurs across the country. According to a report by IANS, the digital payments technology leader will seek applications from women entrepreneurs across all sectors till October 20, 2020. IfundWomen is the go-to marketplace for women-owned businesses. The applicants need to submit details about their business and online presence, along with a short video about their business to www.ifundwomen.com/visa-india. Three winners will be selected and receive grants of Rs 7 lakh each and training from leaders within the Visa and IFundWomen network.

Women-owned businesses constitute around 14 percent of the total entrepreneur base in India. To spread the word, Visa said it has partnered with FLO (the ladies’ wing of FICCI) and Instamojo as digitisation partner for the programme in the country. T R Ramachandran, Group Country Manager, India and South Asia, Visa, said, “We want to see this number increase but our interactions with women entrepreneurs show that access to capital to fund, run and grow their businesses remains a challenge”.

The Visa and IFundWomen grant programme in India, the first outside of the US, “aims to boost female entrepreneurship and empower budding businesswomen through our network, guidance, financial support and resources to help achieve their dreams”, he added.

Visa’s partnership with IFundWomen is specifically designed to help women entrepreneurs secure the funding they need through a series of grants. This year in June, Visa had committed to supporting 50 million small businesses globally to power recovery and enable them digitally. In August 2020, through the first India edition of Visa Everywhere Initiative, it awarded three fintech startups with monetary awards and technological support to take their solutions to market, the company said.

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Business motivation

Trending Business Industries That Are Both Viable And Profitable

बिजनेस मॉडल
बिजनेस मॉडल

Have you ever thought about what life would look like after 2020? Imagine it to be a plethora of opportunities that you, as an entrepreneur can encash. If we talk about the changes, a lot of differences have been observed and we can expect more of them as consumer behavior has been changed drastically and so has the market. Also, when you think of beginning another business, you ought to consider the potential ventures your organization may have the best chance to contend in. Based on these changes and many other factors, you can decide which trending business idea is the one for you. We bring to you a list of 4 such industries that are the most promising for startups in 2020-2021.

Health Is Wealth–Indeed

It should not come as a surprise to anyone as we declare health and wellness to be the industry that is at its all-time high. Due to the ongoing pandemic, everybody across the globe has become wary of their health and well being more than ever. This is the reason why this industry in particular is booming and could be one of the best opportunities for you to set your business in. To make your mark in this industry we would suggest you all to think differently and dig deep into biotechnology, elderly caregiving, personal training, etc.

Green Is What? Good

People are very conscious these days of not using anything that may harm the environment. This is an extremely welcoming change and could prove to be an equally wonderful opportunity for entrepreneurs to set their foot in. You can offer your consumer base products that are high in quality, are environment friendly, and support the sustainable lifestyle that today’s consumer is shifting towards. If you are one of those who do not believe theories, we will bring you the facts that will certainly change your mind. Do you know that Sustainable product sales are estimated to reach $142.4 – $151.1 billion by 2021? That’s huge. Act smart and grab this opportunity as it is not only promising for you, but for the environment as well.

Technology Is Here To Stay

Technology has made it clear to the world that without it being efficiently used to grow further, the progress is out of the question. All the popularity the technology has gained in recent years has only proved that it can be a game-changer to help a business grow by leaps and bounds. Giants like Apple, Samsung,  and Google have their entire business set on science and technology. The technology industry across the globe is estimated to grow to $5.2 trillion in 2020 at an amazing rate of 3.7%. Also, it is noteworthy that 44% of the businesses across the globe are planning to increase their budget to spend on technology. 

Take Control And Get On The WHEELS!

In today’s day and age, people heavily rely on transportation, to be more specific, public, and private transportation. This statement backs our statement that the transportation businesses are experiencing a surge and would be the perfect industry for you to be in if this is your niche.  We all have witnessed the sharp rise in the number of cabs that continuously do rounds on the roads in many of the big cities as it has trend out to be a profitable business for many. You can think of initiating a startup based on app-based taxi service, rental car business, truck transportation services, and many more such ideas. 

A plethora of great business opportunities is waiting for you out there, if only you have the eye to identify. Take inspiration and motivate yourself to be a great leader who is very observational when it comes to the changing market trends, a shift in consumer behavior, and the newest trends doing rounds in the field of science and technology. Always remember to not resist the change for it is the only thing that will keep you relevant and in business.

 

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Business motivation

Women Who Mean Business: 4 Powerful Quotes From 4 Brilliant Women Entrepreneurs

Women are not only capable of running the world, they have enough potential to rule it too! Women these days have been smashing patriarchy by showcasing their immense talent and amazing productivity across the world. Women are more productive than men, according to new research, which officially disregards the thinking and mindset that women just belong in the kitchen.

We are presenting to you some brilliant motivational quotes from some of these inspiring women which are nothing less than the pearls of wisdom to inspire the entrepreneur in you to break the barriers, push the boundaries, and shatter that glass ceiling.

Sheryl Sandberg, Facebook CEO, Author

“Knowing that things could be worse should not stop us from trying to make them better.”

Do yourself a favor and stop stressing out. It is not at all healthy to be thinking about how bad things could get when things are already going rough. It will rob you of your capability to think straight and make things better. Always have a positive outlook and never hesitate in giving yourself that much needed second chance.

Estee Lauder, Co-Founder of Estee Lauder Companies

“I have never worked a day in my life without selling. If I believe in something, I sell it and I sell it hard.”

If you don’t believe in your capabilities, how do you expect the world to see right through you? The same goes for the products/services your company sells. How can you expect the prospect to believe in your product, when you, yourself, feel disconnected from them. Save yourself the agony and create something that you would love to purchase without having any second thoughts. Estee Lauder believed the same and became one of the richest and self-made female entrepreneurs in the USA.

Anne Sweeney, Co-Chair of Disney Media Networks

“Define success on your own terms, achieve it by your own rules, and build a life you’re proud to live.”

One size doesn’t fit all! The same goes for the dream. Everybody has dreams which are tailor-made just for them. Everybody has different goals, different ways to achieve that goal and possibly different outcomes. A person who drives a motorbike can not be compared to the person who has access only to a bicycle. Don’t let others’ success or failure influence your journey to achieve your goals and become successful. Set your own path, take the road less traveled, and conquer this world on your own terms.

Kiran Mazumdar Shaw, Founder, Biocon

“Being a woman does not have to be a handicap or a disadvantage. Being a woman has actually helped me gain confidence.” 

Listen to what our very own Kiran Mazumdar Shaw has to say! Telling constructive feedback apart from the destructive is an art in itself. Kiran Mazumdar Shaw suggests all the women entrepreneurs/wantrepreneur to turn a deaf ear towards those whose only job is to bring you down by telling you how different you are just because you’re a woman. Take it from the professional, work on your strengths. Work on your strengths and use them to your advantage.

No matter the gender, if you have the power to dream it, you have the power to fulfil it as well. Don’t let the stereotypes come in the way of your success or demoralize you in any way. These inspiring women followed the same and now are ruling the entrepreneurial world. 

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Business motivation

Motivational Thoughts To Inspire The Entrepreneur Within

Ever given a thought why motivational speaking has evolved into a separate industry altogether? Have you ever thought about what importance does motivation hold in your life? Turns out, motivational thoughts/quotes are something that is required by all and everybody who wants to outperform and excel in their lives. Be it a student or an owner of a business giant, everybody needs motivation. 

If we talk specifically about the entrepreneurial world, it is filled with highs and lows, success and failure, encouragement, and discouragement. Just imagine if Steve Jobs wasn’t as motivated as he was, how were we supposed to enjoy the excellence that apple is? If Sundar Pichai would not have received the right kind of motivation at the right time, none of us would be surfing the internet with the brilliant browser, google chrome.

Join us on this inspirational roller coaster, where we present to you some brilliant motivational thoughts that will ignite the fire within you to win the world over.

“Don’t let the noise of others’ opinions drown out your own inner voice.” – Steve Jobs

Steve Jobs has tried to convey a very important message here for all that it is extremely important to mute everything else and listen to what you are all about. Pay attention to the thoughts you produce and generate. It is important to realize your true feelings to explore the real you and to save your individuality. What you are capable of thinking, nobody else in the entire world will be able to generate the same thought process. In this fast-paced world, don’t forget that accepting yourself is the key to listening to your inner thoughts and feelings while paying attention to what you are all about and how you can make a difference.

“Take criticism seriously, but not personally.” – Hillary Clinton

This is one quote that hits hard. When you take an initiative that is always under scrutiny, it could be one of the toughest tasks to handle feedback that you receive on a very regular basis from people around you, be it your boss, investors, managers, or even your family for that matter. It is a blessing in disguise to receive constructive criticism from the other end of the table as it is undoubtedly the most efficient way to repair the damages and frow for the betterment. But there will be times where you can’t help but take those harsh words to your heart and let them not only hamper your productivity but ruin your confidence as well. But once you figure out how to master telling destructive criticism apart from the constructive one, it will become a cakewalk for you to put that positive feedback to good use. 

“If you’re going through hell, keep going.” – Winston Churchill

We know it is easier said than done, but then what do you think is the best option other than keeping the hope alive to see the light at the end of this metaphorical tunnel? We know it is very hard to keep going in the toughest of times but it is way better than just playing the blame game, succumbing to the pressure, and giving up hope. We do not ask you to look at the possible outcomes of this journey, but we surely do ask you to keep taking the baby steps to the world that is full of positivity, hope, and life.

Always remember that consistency and hard work have the ability to solve even the biggest of the problems in this world. Just try and take each day as it comes and deal with one problem at a time.

 

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Business motivation

3 Trending & Profitable Business Ideas Amidst COVID-19

बिजनेस टिप्स
बिजनेस टिप्स

“Thank god, I didn’t start my business in 2020.” Have you also been having the same thoughts? We all know how numerous businesses, big or small, have taken a hit because of the lockdowns and social distancing to avoid or delay the spread of covid19. Looking at the condition of these businesses, many business ideas have been shelved by the entrepreneurs that were supposed to go on the floor in 2020.

 

Nonetheless, the show must go on. We can’t let this pandemic rob us of our zeal, passion, and desire to start a business of our own. But then, the business idea needs to be relevant and viable enough to survive the changed consumer behavior and the drastic market shift. Stay with us as we introduce you to 3 such trending and profitable business ideas that will be beneficial for both you and the consumer.(Dr Vivek Bindra to Share Business Expansion Strategies During World’s Largest Webinar ‘Retail Ka Mahakumbh’ on September 27 Click Here to Register Now)

Blog It Out

It is not possible to talk about trends and not include technology. The combination of trends and technology has become a rage over years. If met with amazing writing skills, this already amazing relationship between trend and technology can work wonders. Yes, we are talking about blogs. This is one business that has maintained its title as the most exciting and profitable business around in and posts the COVID-19 era.

With the help of a blog, you can sell your time as a consultant or a coach, promote your own products(SaaS), or get into affiliate marketing with the help of affiliate programs. Just choose what is your area of interest and what your blogs should be based on while keeping in mind the primary business factors as well as your passions.

Dropshipping Is The New Black

The global pandemic of COVID 19 has made the e-commerce industry grow at an exponential rate as a very high number of businesses have gone online which sits well with the customers who have completely resorted to online shopping. Now the question arises, as a business owner how can you encash this opportunity. Our suggestion would be to become a dropshipper. A dropshipper is a retailer who takes online orders on behalf of a manufacturer. 

He takes the orders, passing it on to the wholesaler or another retailer who then directly ships it to the customer. You can research what products have been trending and post that you can decide on the best e-commerce platform for you to start the business.

This Web Is Good To Develop

What do you think happens when most of the businesses choose to go digital? They need websites. Now is the best time to get into the business of developing web for many needy businesses that are looking to cater to the massive population present online. If you are good at coding and have an interest in developing web content, this is your Jam. If you are skilled enough and offer better prices than many coders out there, you will have immense scope for you to set your business and take it to new heights.

At the end of the day, what seems to be working well for others might not be the best option for you. We all have different passions, niches, and budgets. We would lightly recommend choosing a business that matches most of your requirements on the checklist. All 3 ideas that we have shared with you have immense potential even when operated on a smaller scale.

 

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Business motivation

Festive Season 2020: Use These Tips To Boost Your Business Amid Festive Time

That time of the year is here–the festivities! It’s time to put a temporary halt at this long year of suffering, the overpowering anxiety, tons of struggles, and the never-ending sadness. The world has been through enough and is now eagerly looking forward to the festivities to bring some joy back into their lives and make the most of the little things that bring them happiness.

This time of the year not only has the potential to bring a smile on the face of a common man but also emerges as a ray of hope for entrepreneurs to encash the seasonal business and bounce back once more! This article is all about the smallest of tips on festive business ideas that could possibly bring the biggest of changes in your small business. If that interests you, keep reading.

Let Your Personality Shine

Since everybody stays in a very festive mood, it would be a perfect time to build a strong relationship with your customers. Show them what your brand is all about by conducting various chat sessions with them. Let them know how fun you are by running interesting contests for them. 

Social Media Is The Holy Grail

There is no doubt that social media has completely taken over the marketing world. An official social media account does not only allow you to build a personality, it helps in staying connected to your audience as well to find prospects. Brands usually wait an entire hour to encash these festivities and we would suggest you do the same. Build a good social media presence so that you have a wider audience to market and sell your products to.

An Offer They Can’t Deny

A good offer to a customer means exactly what a flame means to a moth—It’s hard to keep your distance with it. Introduce some kickass offers that your customers can not turn a blind eye to. If a sale suits your business the best, go for it. Believe it or not, a sale has been recognized as the best tool to push the overall sales to another level altogether. Similarly, if discount coupons work well in your favor, leverage that. Be it anything, do not forget to make the most of it or be ready to wait an entire year to make up for the lost opportunities.

Allow Them To Order Online

Shoppers in today’s day and age belong to the generation that likes to make the payment through digital wallets. If you want to keep up with the trend and make some sales, introduce the option for your potential customers to shop online. It has been estimated that in the year 2020, 8 payment transactions out of 10 are going to be done digitally and 4 out of every 5 shoppers would choose online ordering over anything else.

It goes without saying that people of every age belonging to various social classes wait eagerly for this time of the year to make the purchase of their dreams. Now, it’s completely up to the business owner as to how they encash this opportunity to make their sales go through the roof. 

 

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Business motivation

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

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

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

Make Sweets, Spread Happiness

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

Deck It Up With Decoratives

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

Make Rangoli With The Colours Of Joy

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

Those Dry Fruits Are Never Going Out Of Business

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

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

 

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Business motivation

4 Amazing Tips to Make Small Business Thrive

Business Ideas
Business Tips

There are several prestigious business schools all over the world to provide you with the best of education and business tips on how to run a successful business. But, what if one is not financially sound to bear the hefty fees? As unfair as it may sound, many businesses around the world, big or small, have been thriving even without the owners having a degree from a credible B-school as well as the business management tips that always come in handy.

This success is only and only a result of the perfect business sense that a business owner possesses. However, when this amazing business sense is combined with some expert guidance, a business can truly unleash its maximum potential. Join us in our effort to share some very useful tips for small business owners that are worth paying attention to.

Focus On Your Goals And Be Specific With Them

First and foremost, We would always suggest all entrepreneurs set their goals. It is of extreme importance to do that as, without a goal, all your plans and executions will make no sense. Considering that A goal and a plan, go hand in hand, identify what you want to achieve with your dream venture. Once you have the bigger picture, these goals should be further simplified or broken down into short term goals/objectives. These short term goals should be quantifiable as they will help you assess the growth your business has made and how much is still left to do to achieve that final, much bigger objective.

Distribute Responsibilities

It is always a good practice to delegate. Although we have seen businesses being managed single-handedly before, the fact can not be denied that dividing tasks among the team members can improve the efficiency of a business by leaps and bounds. Avoiding redundancy in the roles and responsibilities of each member makes for better use of time, resources, and money, which are extremely crucial for small business owners.

Stick To What You Excel At

Many businesses have been met with failures and bankruptcy because they tried to do too much too soon. There is no denying the fact that being ambitious is a great thing to stay motivated, however, being over-ambitious has seldom proved to be fruitful for most of the businesses, especially small-scale businesses. It is highly advisable for small businesses to stick to their niche and make the most of it rather than trying your hand at every other opportunity.

Network On Social Media Platforms

With a huge chunk of the population now presents across all social media platforms, it would be a huge mistake not to build your own social media presence. Please understand the fact that a business is highly likely to survive if it is seen and reached by a large number of consumers. The best way to do that is to let them know of your products, services and offers via social media channels.  Social media is an amazing platform to also generate sales leads for your business as people these days like to spend most of their time on their phones that even includes online commerce. You need to come up with the content that will provide value to your potential customers.

All in all, it’s always a great idea and practice to look forward to what your mentors and experienced professionals around you have to say if you own a business or looking forward to starting one. We understand that running a business of any size is a daunting task on its own and we just hope to make it a bit easier on our entrepreneurs by sharing these quick tips so that they plan out all the necessary steps they need to achieve success.