Category: Business motivation

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Business motivation

Business From Home: 4 Ideas to Kickstart Your Home-Based Business

 

What could be more tempting than being the entrepreneur you always wanted to be and running the business in the comfort of your own home? Home-based businesses have not only helped professionals follow their passion and be their own boss, they have also served an even greater purpose – the purpose of making the women of India financially independent and stronger than ever!

With the help of this article, we are here to especially support the brilliant minds that have the passion, zeal, and zest to initiate a home-based start-up, but are faced with various inhibitions and constraints such as being a homemaker, inability to finance an office space, etc.

 

Personal Protective Equipment

Some samaritans started making these medical gear when our healthcare professionals, frontline warriors, and the common people were struggling with the shortage of masks and gloves amid the coronavirus pandemic. We eventually witnessed many people starting the business from home where they made the Personal Protective Equipment (PPE) and provided them to the needy. This movement not only helped the nation cope with the shortage but also helped many small entrepreneurs establish themselves and become independent.

 

Online Seller

The list of home-based businesses would always look incomplete if it doesn’t mention online business. Becoming an online seller on e-commerce platforms, such as eBay, has always been topping the list because of its viable nature. However, becoming an online seller requires you to stay on your toes always as customer satisfaction is what this business is all about. If you falter, the negative ratings start to pour in, tarnishing the image of your business. Nevertheless, if you are completely aware of the terms and conditions along with the refund policies, you will be successful despite the cut-throat competition in the market.

 

Digital Marketer

It wasn’t long ago that businesses were not that familiar with the concept and importance of digital marketing. However, with time, this field of marketing has prospered and how! It is not considered wise if a business doesn’t prefer digital marketing to promote and grow in today’s day and age. This global pandemic has taught us the importance of going digital and it is only a matter of time before digital marketing dominates the entrepreneurial world. Considering the immense and great money, it would only be wise to opt for this idea as it could be executed while staying home.

 

Graphic Designer

Now that the businesses rely heavily on digital marketing, the demand for eye-catchy graphics has emerged as the need of the hour. Corporations are ready to pay generous money to graphic designers who have the potential to deliver some great quality content that could help them promote their brand over digital media. If you have the right talent and an eye for appealing visuals, you could make a business out of it. Added to that, it doesn’t take you more than a laptop to kickstart the process. What more could you ask for?

 

No matter what your objective is, there is something for everyone. It doesn’t matter if you just want to focus on a business that brings you some good amount of money or just a business that supports your passion as well as helps you make decent money, you will be able to find something to do. There are n number of options available around you but figuring out the one for you becomes the actual challenge. However, if you have a clear vision and a goal to achieve, nothing will be able to stop you from reaching for the stars.

 

 

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Business motivation Strategy

Women Entrepreneurship, Women-Backed SMEs Can Help in Accelerating GDP Growth in India, Says Study

Women Entrepreneurship (Photo Credits: Pexels)

A recent study has revealed that if women entrepreneurship in India is given a push, it can accelerate the GDP growth in the country. As the country is focused on becoming self-reliance and achieving a $5 trillion economy, a report has suggested that a major emphasis on women entrepreneurship and women-backed small business can create a ripple effect in India’s GDP.

According to a joint study by Global Alliance for Mass Entrepreneurship (GAME) and Sattva, women-owned enterprises represent only 20 percent of all enterprises across the country. These enterprises hire 10 percent of the total workforce. The study revealed that women entrepreneurship presents a significant opportunity to strengthen employment and can create a ripple effect on India’s GDP; but the growth of women-owned businesses needs a greater push.

The study, which is centered around Bengaluru, points that there is an urgent need to increase sales and marketing channels and make women finance ready so that they can access capital for their businesses. “While women entrepreneurs in the region face formidable challenges, the combination of new market platforms, peer-support networks, and capital will make women entrepreneurs a force to reckon with before the end of the decade”, the study said.

According to the survey, quoted by IANS, a total of 53 percent of the participants had their monthly household income below Rs 50,000 while 84 percent women entrepreneurs use personal savings for capital needs and also tend to rely on friends and family. Meanwhile, around 97 percent of the women entrepreneurs hired less than five paid employees or workers. The study reveals that 67 percent entrepreneurs had been running their businesses for under five years and for all entrepreneurs, COVID-19 has reduced their revenues by 60-80 percent.

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Business motivation Startup

PM Narendra Modi Urges Indian Startups to Focus on Innovation in Toy Sector, Suggests Them to Find Ways to Boost Manufacturing And Global Footprints of Indian Toys

Toys
Toys (Representational Image) (Photo Credits: Piqsels)

New Delhi, August 24: Prime Minister Narendra Modi urged Indian startups to produce indigenous toys that not only have cultural connect but also helps in building life-skills and psychomotor skills among children at an early age. In PM Modi’s latest Aatma Nirbhar push, he urged the startups to not only innovate in this sector but also find ways to boost manufacturing and global imprint of Indian toys.

In a Twitter thread, PM Modi said, “I urge start-ups and youngsters to focus on innovations in the toys sector.” He further suggested educational institutions to organise hackathons for students to “innovate in toy technology and design, including online games, to reflect Indian ethos and values.”

PM Modi highlighted that the Indian toy market has huge potential and can bring a transformative change in the industry by promoting ‘Vocal for Local’ under the Aatma Nirbhar Bharat campaign.

He further suggested using tourism as a tool to promote India’s culture especially in regions that are known for handcrafted toys. PM Modi further stressed on the fast-growing digital gaming arena, Prime Minister said India should tap the huge potential in this area and lead the international digital gaming sector by developing games that are inspired by Indian culture and folk tales.

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Business motivation Startup

Online Business From Home: 5 Steps For Starting Up Virtually

Eager to start an online business, for alternative income, or want to switch the career graph. Then you are on the right path because of thanks to the technology available, which makes it easy accessibility and start a business or blogging when especially during this time. Starting an online business can help you make extra money on the side or you can replace your current income with this.
So, don’t waste time anymore work on the things or ideas on your mind. As it said, great plans and concepts need passions, hard work, and, the right steps to follow.
Here we come up with amazing simple steps you want to have in mind before starting Online Business-

  • Choose Business Idea
    It seems easy, not important enough, but you will be shocked to know a lot of entrepreneurs overlook this point and jump to branding or web development before having a solid idea. Plus, once you concluded you should start a business online and hold ideas in mind you need to validate it.
    The idea can be validated once you have researched and spoken to your potential customers, asking questions your group about the needs. One benefit of online business is you get additional methods for testing the markets through review reading and surveys.
  • Initiate Business Plan
    Time to work on your business planning as you have done primary phases of planning while you were working on a business idea. Your planning will involve pursuing funds, forecasting financials. You can conduct market analysis through SWOT analysis it’s essential to establish the mindset of the customer and identify your competition. The process will help you to figure out pricing models and possible benefits you can have when you enter the market.
  • Enlist Domain Name
    If you intend to aim a niche market, then you’re first step should be to register a domain name for your venture, which helps you to reach it easily. The domain name will be a unique address on the internet and will be like a patent or trademark for you. Their tons of domain registering companies which can help you to register domains. One thing you should keep in mind while registering is to keep the name very easy to say, speak, and, most importantly, easy to remember.
  • Setting Up Website
    Having the business plan in your mind the next step should be making a website that is up and running. But you need to keep in mind some process as setting up a landing page. You need to work on hosting, platform, and, a design that speaks about your business.
    As, your website will be a representation of your idea and will exhibit your product, services, and mission. When you create a website, try to focus on what can make you stand out, don’t forget to work on the quality of images, and content, you put on it
  • Get it legal
    For making yourself authentic and trustworthy you should opt for legalizing yourself. So, don’t forget to read online business regulations and register your company which can be done online. These legal steps will help you to keep you on the right path and will not let you fall in trouble in customer privacy or information.

So, these are five simple steps you need to look if you want to start a new business online, giving yourself and your career new dimensions. Now you can make your dream into reality, it’s time to get out there and create an online money-making business.

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Business motivation

What Are The Best Sources Of Credit For Business Startups?

It takes a village to raise a child! Similarly, it takes you a well thought out research, determination, hard work, and some good sources to gather capital to turn your dream venture into reality! Where the entrepreneur is all thrilled and excited by the mere imagination of their business coming into existence, they are equally stressed about the venture and the capital it would require for the respective business to survive and thrive in the market.

 

Considering how important and unavoidable it is to raise the capital for your business, it will be a great idea for all the entrepreneurs and wantrepreneurs to conduct detailed research on how and from where they can arrange the finances. With the help of this article, we are going to introduce you to some great options that you could consider while arranging the capital.

 

Venture Capitalists

One of the major sources of investment, venture capitalists are the groups that are known to buy equity in a start-up in exchange for the capital they provide. However, it is important to keep in mind that venture capitalists do not really entertain all start-ups. The only startups that are backed by venture capitalists are those that have tremendous growth potential and are driven by technology. If venture capitalists identify and acknowledge the potential of a startup, they will provide the capital as well as the skills and strategies that the entrepreneur lacks to grow further.

 

Bank loans

This is the old classic that could never go out of trend. Banks, since ages, have been giving out business loans to startups. It is certainly the best and most highly used option for the MSMEs to gather funds for their business ventures. In case you are a small or a medium enterprise, you can consider getting a business loan from a bank. Nevertheless, careful research and a solid business plan are the criteria banks have set to give out loans to start-ups.

 

Angel Investor

In case your business requires a large amount of money, the best option out of the lot for you is to reach out to an angel investor. An angel investor is defined as a wealthy individual with extensive and enriching experience in a particular domain. Sometimes people confuse Venture capitalists with angel investors, however, there are some prominent differences that tell them apart. Venture capitalists do not invest their own money into a startup whereas angel investors do bring their own money into play. An angel investor will invest their own money in a business venture in their early stages and are very much involved in the process of supervising the operations. 

 

Crowdfunding

Crowdfunding is the newest resort that is becoming a rage, especially among the start-ups that promise to serve the society with the service or the products they offer. It is the process of raising small funds individually from a large number of individuals. People invest their money in these startups expecting a reward, product, service, or equity in the business, generally. However, there could be several individuals who do not expect anything in return in case a startup is trying to serve the society.

 

Conclusion

Business financing has become a basic necessity for almost all businesses and this is when the options mentioned above play the most important role. Once you figure out nature, relevance, performance, and market opportunities, it will be a cakewalk for you to decide which option serves your business best.

 

 

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Business motivation

Startup Ideas: Be Your Own Boss With These 3 Business Ideas

Success is just a wise decision away! A wise decision to come up with the best business idea that fulfills your passion as well as your wallet. Since ages, people have been making these decisions to live an independent life by becoming successful entrepreneurs for various reasons varying from flexible work hours to being their own boss, from getting to follow their passion to contribute to society the way they want.

 

When things boil down to picking one startup idea, it becomes equally important to see the pros and cons of starting that business. With a ton of amazing and tempting business ideas available in the market,  it can be hard to figure out which are worth investing your money and time in. This is where we want to be of some help to our readers. We will be sharing a few business ideas with you that may work out in your favour.

 

Educational Mobile Apps

If you have always had an interest in teaching and have a knack for it, the business idea of coming up with an educational mobile app would be the best idea for you. For all the technicalities of designing the app and other requirements, you can have a third party involved and get it outsourced. We are certain that EdTech is one industry that is blooming in this pandemic amidst all the restrictions and will continue to grow and flourish even after things get back to normal. There are many verticals in the field of online education, ranging from the subject matter experts to the professionals who provide courses around business and marketing, you can choose which option serves you the best.

 

Consulting

In case you are an expert and find yourself well-versed in a particular field or an industry, we would highly recommend exploring more about how consultation and consultants work. If you are good at providing expert advice and it ends up benefiting the individual or an organization you serve, you may get paid a hefty amount as a fee for this consultation. Once you make a place for yourself, you could also start becoming a part of professional events, meetups, conferences where your expertise would be more than welcomed. You can become a professional consultant in the field of education, education overseas, business, coaching, investment, etc.

 

Blogging/Content Writing

 If you often get complimented for your out of the box thinking and unique writing style, you might as well make a living out of it and turn it into a flourishing business eventually. Blogging or content writing is that kind of business idea that doesn’t require you to spend your entire savings or burn a hole in your pocket, the capital requirement is as minimum as it gets!

 

The popularity and importance of bloggers and content writers have only increased over the last few years and clients are ready to pay handsome amounts of money in exchange for some quality content that could help them shape the brand and help it position in a positive light on digital media. Blogging and content writing has become the bare minimum necessities for businesses and has the potential of a great startup idea that earns you good money.

 

Conclusion

With a plethora of options available around us regarding the startup business ideas, the process of narrowing the list down and selecting THE one could be a daunting and intimidating process. Nevertheless, careful and sincere research could help you choose your dream venture that not only supports your passion but also feeds your wallet.

 

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Business motivation Motivational

World Entrepreneurs’ Day 2020: Celebrating Entrepreneurship, Innovation and Leadership by Spreading Awareness

World Entrepreneurs Day 2020
World Entrepreneurs Day 2020. (Photo Credit: http://www.worldentrepreneursday.org/)

An entrepreneur is someone who plays a vital role in developing the nation’s economy by solving the issues of unemployment and generating awareness regarding entrepreneurship. On Friday, the global fraternity will celebrate this day to honour these entrepreneurs, who work hard each day to innovate something new and lead from the front to boost the country’s financial situation.

We all know that India is affected by the coronavirus and its economic situation has taken a roller-coaster ride in the past few months. However, Indian entrepreneurs are trying their best to cope-up with financial instability. Not only these entrepreneurs are pacing up India’s economy with their latest innovations, but are also spreading awareness through their leadership skills. World Entrepreneurs’ Day 2020 allows honouring these hardworking entrepreneurs for all their efforts to keep India’s business sector move forward.

The special day is dedicated to founders, managers, producers, contractors, industrialists, innovators, administrators, designers and producers. As per Global Entrepreneurship Development Institute (GEDI) data, India currently stands at 68th position — out of 137 countries — in entrepreneurship development.

Considering the significance of entrepreneurship, entrepreneurs need 3 Cs for success — capital, courage and conviction — to grow their business in the global market. It is said that without an enterprise and entrepreneurs innovation, productivity growth and new jobs are unthinkable. Through the World Entrepreneurs’ Day 2020, events like conferences, workshop and meetings, can spread awareness regarding leadership, innovation, creativity, design, entrepreneurship and other related topics.

Here are some tips to celebrate and honour entrepreneurs on World Entrepreneurs’ Day 2020:

1) Enterprises can organise conferences, workshops and meetings at various platforms. Through this, they can generate awareness regarding entrepreneurship and leadership.

2) Business Schools can organise conferences by collaborating with large enterprises. During the conferences, successful entrepreneurs can share their experiences with the upcoming entrepreneurs and motivate them.

3) Business firms can provide discounts and promotions during the World Entrepreneur’s Day.

4) Radio and television networks can prepare programs to highlight the importance of entrepreneurship. Also, talk shows can be scheduled to educate the population about entrepreneurship.

5) Universities, government organisations and private firms can organise a group seminar or workshop regarding government policies and hurdles associated with it. Also, discussing financial solutions to set up a firm and ways to sustain in the market would certainly motivate young entrepreneurs.

Apart from this, there are several ways to celebrate World Entrepreneurs’ Day 2020. However, the motto behind the celebrations should be spreading awareness and clearing doubts. Experts believe nourishing a healthy startup environment across the country is the most vital part for developing entrepreneurs. On this special day, lets help in igniting new minds and shape them in the right direction.

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Business motivation

Business startup ideas after COVID-19

COVID-19 has taken its toll on the global economy in the most unthinkable and unimaginable ways and the global economy is experiencing an all-time low. This pandemic has inflicted damage and affected the overall health of the MSMEs and entrepreneurship that generate a heavy revenue contributing to the economy. It is crucial to think of how to stay relevant these days and to help you with that, we’ve shared a few start-up business ideas that won’t let you down.

There are some businesses that are either unaffected by COVID-19 or have flourished even more, standing the test of time. In this article, our objective is to introduce you to 4 such industries that have proved themself to be “corona-proof” and can end up being the best businesses to initiate your start-up.

 

1.    Over The Top Platforms/Online Gaming
Nobody can deny the fact that all we have been doing these lockdowns is watching movies and TV series on OTT platforms like Netflix and Amazon Prime Video. This fact itself proved that viewers, who have been quite anxious about the ban on movie theatres and gaming parlours, have resorted to the over the top platforms and online games. The people, especially the older generation, who initially were not very comfortable with the change, are now welcoming this change with an open heart. This shift in the interests of the viewers has proved that this industry will continue to bloom even after the pandemic is over!

 

2.    EdTech
From the worried parents to many of us sitting ideal during these lockdowns, the EdTech industry has emerged to be the biggest support. Where on one hand, students were able to learn from home, millions of us across the globe have leveraged Edtech and enrolled ourselves in many courses. EdTech has not only helped students repair and recover their disrupted schedules, it has given many professionals a chance to develop new skills and hone the already acquired. Now that EdTech has proved its mettle, we cannot help but accept that, come what may, this industry is here to stay!

 

 3. The Health Industry
The health sector has been the one that has evolved dramatically of late. It has been the time where the health and wellness businesses have boomed because of how aware the world has become of their health and well-being. We all must have received this advice, directly or indirectly, to boost our immunity as it will help us keep fit and less prone to the infections out there. Making them most important in our lives in these unprecedented times, they are certainly going to experience a boom.

 

4. E-commerce platforms
We all know how brick and mortar stores have been hit the hardest as people have restricted their outdoor visits in a bid to maintain social distancing. The industry that has leveraged the most out of these restrictions is the e-commerce industry! There has been a major shift in the behavior of the consumer as they were forced to go online to make the necessary purchases. Now that the consumer has started to feel comfortable buying online, they are preferring to buy almost everything online. It goes without saying that this industry is cherishing this rise in the business and riding high on the pandemic boom.

 

 

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Business motivation

Start Business from Home With These Essential Steps

बिजनेस
बिजनेस

When time is harder, you get toughest. Amid this pandemic, when you think everything is difficult to catch up with, you need to find a solution. The pandemic has forced lots of small businesses to shut down and as per The Centre For Monitoring Indian Economy (CMIE), at least 5 million salaried people lost jobs in India in July 2020. The situation is grim, but at the same time, presents an opportunity for people to look at becoming entrepreneurs from home.

We bring you some ideas or ways for starting a business, being at home when everything is closed. Big businesses were not born overnight. Someone had an idea, concept, and worked on it. Here are some steps you need to keep in mind when planning to Start Business at Home –

  1. Assess Your Business Idea
    Start brainstorming your ideas or anything you believe you can be work on being at home only. One requires to have an idea before beginning anything. With various business options possible, you need to focus on one, which matches your skill.
  2. Consider Your Skills With Training
    Nobody is born without skill or talent. So pick something that you think you have an expertise in and start with what you have proper knowledge of. You can try some specialized courses also if need be. Additional skills will always help you improve your business.
  3. Write Down Your Project Report
    Your project report will define how well you have done your homework. The more uniqueness you offer, the faster you will be on the path of success. Study the markets well, be it domestic or international market, as per your business idea. Write down your report based on research, which may include a revenue model with cost and sales price, taxes, delivery charges, etc.
  4. Source of Funding
    The funds play a major role in any business, but small businesses or start-ups are either self-financed or acquired from friends and family. Therefore, you need to be careful with your finances as you need to keep your business running until you start earning profit. With this, you should have one backup for the funding source if something goes wrong.
  5. Fix Your Work Location
    As a small business, you need to own a small workplace, small shop, or an office. This is an essential aspect of your business because you require to register your business as you will receive a permit from the registration office for running your business, and this permission will help you get power and water permits.
  6. Registering Your Business
    Thanks to new direct instructions given by Prime Minister Narendra Modi, the Ministry of Corporate Affairs, you only need one working day for registering your business. Now the option of registering is available online and every necessary information is on the website.
  7. Launch a website
    In today’s time, owning a website plays a major part in any business for providing information on the products and business. It is a significant step for building a business and building trust among your target audience. There’re many websites that guide you and help you build your website.

These are seven simple yet essential steps to keep in mind for starting a small business while being home during these tough times.

 

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Business motivation

Maruti Suzuki Ties Up With IIM Bangalore to Help Startups Lead Innovations in Mobility Sector

Maruti Suzuki
Maruti Suzuki logo (Photo Credits: Wikipedia)

Bangalore, August 20: In order to help start-ups working in technology-based innovations that can be applied in the mobility sector, Maruti Suzuki on Thursday announced a partnership with the Indian Institute of Management Bangalore (IIM-B).

Commenting on the tie-up, Kenichi Ayukawa, Managing Director and CEO of Maruti Suzuki, said, “The mobility startup incubation programme addresses the needs of early-stage startups which have the potential of becoming large-scale businesses.”

According to an ANI report, this collaboration marks the first-of-its-kind initiative by an automobile manufacturing company to help early-stage startups become large scale businesses. In addition to this, the country’s biggest carmaker Maruti is hopeful that the collaboration with IIMB will help in the creation of jobs.

Under the partnership, early-stage startups will get incubation support and a chance for potential partnership with Maruti Suzuki to fast-track the growth of their venture. The programme will select professionals who have technology in digital, data and AI/ML in the fields of autonomous mobility, shared mobility, mobility solution for rural, connected cars, vehicle diagnostic, vehicle safety, advanced driver-assist system, supply chain management, blockchain, data security, warehousing, finance, advertisement and loyalty programme.

A mobility and automobile innovation lab was launched by Maruti in January last year to co-create innovative business solutions in the mobility space.