Category: Business motivation

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Business motivation

5 Reasons Why Entrepreneurs Shall have a Powerful Personal Brand!

5 Reasons Why Entrepreneurs Shall have a Powerful Personal Brand!
5 Reasons Why Entrepreneurs Shall have a Powerful Personal Brand!

Every startup business must have a brand value and every entrepreneur must focus on creating an impactful personal brand. If you have been in the market for years and still do not have a visible and powerful brand, you are doing at a great disadvantage to yourself in professional, business, and personal life.

What is personal branding?

From individual to popular brand, everyone has a unique personal brand. Personal branding is the art of marketing yourself and your business as brands, just like Dr. Vivek Bindra. Today, if anyone thinks about the best motivational speaker in India, Dr. Vivek Bindra, and his organization Bada Business is the first thing that comes to mind. That`s how much popular as a personal brand Dr. Vivek Bindra is in the business world.

Though personal branding is an ongoing process, entrepreneurs, solopreneurs, or small business owners should strive for a powerful, attractive, and visible personal brand.

Wondering how can you achieve that?

Always stay true and display your authentic self by showcasing the engaging aspects of your professional and personal activities and interests.

Still, thinking, why do you need personal branding at all?

Here are five major reasons to have a top-notch personal brand if you want to be successful in the long run:

1. Attracts Big Opportunities

Opportunities will knock at your door only when you are being VISIBLE. When your brand or you as an entrepreneur are performing great in your professional work, customers, clients, vendors, and even companies will approach you and reach out to you. This will not only help you to make more customers but will also boost your revenue.

Want to know how you can create a brilliant personal brand? You can take online business courses for entrepreneurs with Bada Business where you can learn in-depth knowledge of personal branding.

2. Networking- Online & Offline

When you turn yourself into a brand that is recognizable and quite popular among people, everyone finds you desirable and attractive. This can help you build great professional connections as you can share distinct aspects of your business and brand with them. This variation will compel people to connect with you and do business as well.

3. Build your Business

A personal brand can yield much success to a business because from clients to customers and vendors, everyone would prefer to do business with a company whose leader has a killer personal brand. Best examples are Elon Musk, Ratan Tata, Warren Buffett, and Bill Gates. The entire concept of personal branding is also known as brand equity in the business world.

Watch this compelling video on brand equity, here.

4. Boosts Confidence

Developing your brand requires you to unleash the inner leader inside you. You will have to find your authentic voice. When you find your voice, you will become much more capable to connect with your potential customers. Your audiences will start responding more positively that builds self-confidence and self-esteem. A powerful, visible, and attractive brand is the key. It helps you to create credibility and the reputation of your business in the long run.

5. A Lively Personal Life

A strong personal brand will not only help you in your business as an entrepreneur but also help you to have an enriched personal life. When you are interesting, people notice you and connect with you. Many times, you can become the best of friends with people who contacted you through your LinkedIn or Facebook profile.

Not only it is important you have a brand presence of your business, but also as an entrepreneur personal branding is equally important. If you want to learn more, you can take online business courses in India.

You can also take our premium course ‘Entrepreneurship course’ to find personal guidance to increase your brand presence consistently to facilitate sales, engage your customers and close leads.

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Business motivation

5 Common Habits That Can Stop Your Entrepreneurial Journey!

5 Common Habits That Can Stop Your Entrepreneurial Journey!
5 Common Habits That Can Stop Your Entrepreneurial Journey!

For any young and aspiring entrepreneur or solopreneur, establishing the right practices and healthy habits is very important. It can help you to set on a path toward career success.  All too often, many young guns approach success as an overnight miracle.

But truth be told, it is a grueling mountain climb to the summit. We all might want it to happen all at once, after all a winning moment is far more appealing and exciting than inching steps towards building it.

Even the best motivational speakers in India will you that success is what happens over time as the result of patience, focus, determination, and lack of harmful habits.

Few habits might appear simple and harmless, but in reality, they might be hindering your entrepreneurial journey rather than helping it. Many entrepreneurs might not even see them as significant hurdles in the journey of success.

But, the longer you maintain these bad habits; you might likely delay your encounter with success. So what are these habits that are harming your long-time success? Here is a list:

1. Being Overly Curious

Many people might drop their jaw in disbelief after reading the above subheading because entrepreneurs have to be curious to come out with innovative startup business ideas, right? But, sometimes their curiosity can lead to endlessly searching for a business idea that is unique or can become the next big thing. This distracts them from building the business at hand.

Be curious about legal, sales, accounting, marketing, and alliances as these can help you grow your business. But never lose focus because one bird is better than two in the bushes.

2. Overthinking

If you have ever attended a seminar by any famous leadership speaker in India, you must be well aware of one thing that all of them say unanimously- ‘part of being an entrepreneur is making a hard decision’. No, if we thought about something more than it required, we would never like to make a move.

Overthinking can be one of the reasons why most of the capable people with a great startup business idea are still doing a 9-to-5 desk job. Thinking about the pros and cons is a natural process, but some people might overdo it and will keep saying “what if”. The best way to make rational decisions is to think about them and move forward. Sometimes a decision will work, and sometimes it will not, and that is just a part of it. Hence, think about a situation, its consequences, analyze it, and make a move. You can also watch video on “Covid Proof & Recession Proof Business Ideas” here:

3. Seek Perfection in Everything

Many people brag about being a perfectionist in every aspect of their lives. But very few people know that striving for perfection in everything is a major form of resistance. And, it could be one of the major reasons that can hold an entrepreneur back. Seeking perfection is a covert form of procrastination.

When you seek perfection, you subconsciously are trying for something that does not exist. Try to do your best, but always remember that any product, business, and service will always be a work-in-progress. Learning and improvements have no expiry dates. Whatever, you decide to do, do it with a focused mind. Avoid demanding perfection because it will gobble up all your time and put your goals on hold for a prolonged period.

4. Not Asking for Help

Most often people say that your experiences make you wiser. But in the business world, what makes you wiser is to learn from other`s mistakes and ask for help when stuck. Not asking for help can play a giant roadblock in an entrepreneur`s success.

Learning by the trial-and-error method can be great, but it is a long process and can delay your business growth by many years. With the help of a business motivational coach or a mentor, your initial days can be a lot easier.

You can hire a professional business motivational speaker in India and with his expertise, you can take your startup business in the right direction.

5. Switching From Idea to Idea

Switching between different ideas and strategies constantly means you are not sure about your business goal. You are so keen to bring results that you are not pursuing any single approach long enough to see results.

Building a startup means taking decisions and experimenting with distinct strategies that will bring the best results. However, developing the patience to wait for the results is also necessary. There will be times when most thoughtful decisions will not work in your favor, or a powerful strategy will fail. But instead of following the next marketing or leadership trend, try one idea and then follow through with it for some time to see the results.

You can take help from the best business motivational speaker in India to build more strategies for your startup. However, the above-mentioned habits can delay your success. Hence, overcoming them is important.

With due course of time, you will begin to take setbacks less personally and understand them as part of the long road to success. Because success is not the destination, but the road itself! To navigate in the waters of business challenges, you can take our online business training course.

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Business motivation Powerful Personalities

4 Business Leaders Who Bounced Back From Their Mistakes!

“Courage is not the absence of fear, but rather the judgment that something else is more important than fear.”  – Meg Cabot

One of the scariest things that almost every human being feels to do is to make mistakes, to take risks and meet failure, to try out of the league and fall hard. But mistakes are essential for professional as well as personal growth for both the individual and the organization.

We all make mistakes, every one of us. Making mistakes is a sign of business motivation, and that we are trying something new in your life. It is the pathway to great ideas and innovation. It is the best way to learn and grow. If you are not making mistakes, then we likely are not doing enough new things outside our comfort zone, and that itself is a blunder.

If you thought only common people like you and me are prone to making mistakes in the business, think again! Legends like Ratan Tata, Narayan Murthy, Satya Nadella, Steve Jobs, and many other successful millionaires have made mistakes and learned from them too!

Here are some mistakes that these leaders made, but learned from them to bounce back in their lives:

1. RATAN TATA

One of the most esteemed and respectable personality in the business world, Ratan Tata needs no introduction. The Chairman of Tata Trusts and former head of Tata Sons  has achieved great success with his incredible business ideologies and strategies. However, even he admitted his mistake when his ambitious project TATA NANO failed to create waves in the market.

According to him, his greatest mistake was branding the Nano car as the cheapest instead of ‘most affordable’, which was the true intention behind bringing it into the market. By using the word ‘cheapest’ instead of ‘most affordable’, a negative impact was created on the market.

You can watch the full story of what led to the failure of TATA Nano, right here to get some business motivation from this legendary industrialist.

2. SATYA NADELLA

Indian-born Satya Nadella made headlines when he replaced billionaire Steve Ballmer as Microsoft CEO in 2014. Before he replaced the former CEO, Nadella was Microsoft EVP of the cloud and enterprise group. Since he took over the charge, Microsoft`s stock has increased by more than 150%. However, this was not always been the case.

In July 2015, the Microsoft CEO acknowledged that thinking that the personal computer (PC) will reign supreme forever was his biggest mistake. Today, smartphones have overshadowed PC as the hub for everything to some extent.

He has steered Microsoft away from a failing mobile strategy of NOKIA, and focused on other segments, including cloud computing and augmented reality.

Watch the full story here:

3. ELON MUSK

Elon Musk, who is the founder, CEO, and Chief Engineer at Space X is also the CEO of Tesla Motors. A successful entrepreneur and a business magnate  has also made mistakes that he still regrets. While participating in a Q&A at South by Southwest, the Tesla CEO said that the biggest mistake that he committed in his entire career was not being more involved with Tesla in his initial days.

From 2004 to 2008, Elon Musk was a lead investor in Tesla. However, he was also the CEO of SpaceX, a space exploration company. Today, he has moved past his mistakes and regrets to run a successful million-dollar company.

Watch his inspiring journey, right here: 

4. WARREN BUFFETT

The year 2015 marked the 50th anniversary of Warren Buffett and his partner`s decision to take control of Berkshire Hathaway. However, the current CEO of Berkshire Hathaway once considered this to be the biggest investment mistake and called it a “monumentally stupid decision”. He said that the only reason behind him acquiring the company was because it was cheap.

Watch his amazing entrepreneurial journey, here: 

The majority of entrepreneurs and professionals are not particularly interested in making mistakes and reliving them. However, many self-made millionaires are masters at learning from their successes and failures. That is the only way to analyze what went right, and what didn’t work out for the business.

So, keep making new mistakes, but find reasons for their failures and ensure that you do not repeat them. That’s the key to success and gaining incredible experiences in the journey called LIFE.

Prepare yourself to counter the challenges that you might encounter on your entrepreneurial journey with our online business courses for entrepreneurs. You can take ‘Entrepreneurship Course’ and take the first step towards achieving your dreams.

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Business motivation

5 Commitments Every Successful Entrepreneur Must Make For Business Excellence!

5 Commitments Every Successful Entrepreneur Must Make For Business Excellence!
5 Commitments Every Successful Entrepreneur Must Make For Business Excellence!

Whether you are a passionate and ambitious person for your job where you are deeply invested or planning to start a startup business, there are certain commitments and decisions that successful people have to make. Discipline and determination help to shape them into elite businessmen and –women.

According to Dr. Vivek Bindra- one of the best motivational coaches for entrepreneurs, “each day is a fresh opportunity for mastering the key skills to acquire goals. Success often comes down to having the right attitude and making smart decisions.

So, if you are trying to excel in the business world, here are five commitments you must make to acquire your goal:

1. Appreciate the Good

Most often we are too focused on the bad in our lives. However, it does no good but gives birth to negativity. No matter where you are in your career, find ways to appreciate the work you are doing. Jobs are not perfect and not every aspect of it, you will enjoy.

Make mental notes to focus on the solutions and not the problems. Allow no space in your mind for negative thoughts. When you think in terms of lack, you start making decisions from a negative place. Learn to respect your achievements, understanding that small things make room for bigger opportunities. You can also take help from the motivational coach for entrepreneurs to keep your spirits high.

2. Fear of Failures

“Success is the ability to go from failure to failure without losing your enthusiasm”, this quote by Winston Churchill elaborates the right approach towards your business goals. The road to success is full of failures, disappointments, and setbacks. If you give in to the fear of failure, it will discourage you from walking on the new path.

If you want to be successful, you will have to take a risk and be willing to witness the consequences of those decisions. Just like a good motivational coach, consequences can be your mentor and guide you with quick answers. If you will never take risks, you will never redirect yourself and your business in the right direction.

3. Work Hard for Dreams

It is essential to measure your success with your work ethic. If the pursuit of your success is solely based on money and profit, be aware that your mind will only be focused on the lack of it. Worry blocks opportunity and keeps reminding you of how much you don`t have.

Hence, always set up a mindset that your hard work will generate profit. Always focus on the goals and do not shy away from working hard for them.

4. Expand your Vision

Always be grateful for your achievements, but never be satisfied. Commit to thinking big by setting higher goals. Despite achieving great heights of success, know that you are not done. And it is just the first step.

Most often entrepreneurs become complacent as their businesses begin to generate revenue. However, this results in no innovative business strategies and they begin to lose their grip on the market. Always ask, “What is next?” How can I expand my business further? If you are struggling with certain business challenges, you can also take problem solving courses that are available online.

Never downsize your dreams. Change the path, not the dream!

5. Be Consistent

Consistency is the key to your entrepreneurial success. Commit to working with passion and determination, taking steps no matter how little towards your business goals. It is only through consistent and diligent work, coupled with flexibility and patience that you can achieve greater heights of success. If you feel like you are losing enthusiasm, you can always speak to the best motivational speaker in India– Dr. Vivek Bindra.

It’s the last person standing who ends up winning the race. The above-mentioned commitments can play a key role in your journey to establish a successful business startup. To be successful in business, commit to making self-aware and smart choices. Make one smart decision by joining our “Entrepreneurship course”.

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Business motivation

5 Top Reasons Why Small Business Owners Must Embrace Business Automation

5 Top Reasons Why Small Business Owners Must Embrace Business Automation
5 Top Reasons Why Small Business Owners Must Embrace Business Automation

Computers, Robots, Artificial Intelligence, and the internet: these are some of the first things that come to our mind when we talk about technology that most businesses are using in this modern era. Some of the most impressive recent advances in technology and process efficiency are rooted in automation.

Business automation is becoming more frequent because it is both less expensive and more accessible. Today, it is used for everything from sending out “automated” away messages when you are out on a vacation to building high-rise apartments and cars.

Automation in a startup business can save your company money and time. But one thing that we should keep in our minds is that even the most advanced software or technology will be far from perfect. Why? That is because the creation of technology involves coding which is done by humans. Hence, a scope for human error is always present.

But every business requires reliable and faster communication, and business processes to boost growth. So if you are still doing a lot of business processes manually, without any further delay here is a list of the most essential benefits that every business can certainly drive from business automation:

1. Communication which is Faster & Reliable

For businesses that operate not only across India, but also outside the country, a reliable mode of communication is necessary. If telephone lines are not working, alternatives must be readily available. Thanks to various instant messaging apps, many local business owners are now able to promote their business across various states in India.

Multiple modes of communication ensure that the business operations will not be disrupted. Fast internet connections have made it possible to transfer vital information regarding a business across vast distances in seconds. This enables telecommuting that not only gives access to high-quality talent in places but also reduces human resources cost.

2. Increased Efficiency & Productivity

Technology can help to enhance efficiency and productivity in multiple ways. There are many processes like maintaining accounts, billing, payroll, and asset management that can be automated by using business software that is available in the market. It will not only help to manage their operations but will do it more efficiently.

Also, technology can help many startup businesses to automate their repetitive tasks that do not require an elevated level of decision making. This can give more effective results and productivity.

3. Increased profit & Reduced Cost

Where business automation can increase efficiency and productivity from technology, it also results in decreased operating costs and an increase in profits, eventually. Advanced technology can also eliminate the unnecessary travel expenses for meetings and other supervisory work. Most of these activities can now carry out on live video chat and other collaboration platforms. This does not mean that one should remove the personal interactions and meetings, but it can help to reduce the need to be physically present in one location to work with other employees.

4. Enhanced Security

With the latest technology like blockchain, businesses can work to implement better ways to carry out financial business transactions more securely without compromising transparency and creating layers of security.

5. Greater Transparency & Interconnected Operations

Multiple business processes are complex and also involve countless types of transactions. But with advanced business software and technology, you can integrate these processes seamlessly. Also, when it comes to sharing and processing business data, you can automatically collect, process, and present everything in a readable format.

Technology is omnipresent. But many businesses resist embracing technology and those who refuse to do so may be bound for failure. But to ensure business growth is it essential to be well acquainted with the pros and cons that come along the way.

If you have a business idea and want to build your startup around it, you can take our ‘Entrepreneurship course’.

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Business motivation

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

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

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

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

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

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

  1. Learn to Market Yourself

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

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

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

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

  1. Always be Prepared for Unforeseen Circumstances

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

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

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

  1. Protecting your health too!

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

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

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

You can also find tools meant for rising stars just like yourself – apps and services that let you manage many aspects of your business with the minimum investment of time and money, leaving you free to focus on the larger picture.

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

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Business motivation News

Amazon India Announces Small Business Days 2021 To Help Small Sellers To Bounce Back!

Amazon India Announces Small Business Days 2021 To Help Small Sellers To Bounce Back
Amazon India Announces Small Business Days 2021 To Help Small Sellers

In a bid to aid small sellers to bounce back from the financial losses that were induced by the pandemic second wave of COVID-19, Amazon India announced that the company host Amazon Small Business Days (SBD) that will begin from midnight on July 2, 2021, until 11:59 pm on July 4, 2021.

“As India tries to get back on track post the impact of the COVID-19 second wave, we are prioritizing our efforts to help small businesses bounce back from the economic disruption. Towards this, we are hosting Amazon Small Business Days, to help generate customer demand for offerings from small sellers on the Amazon India marketplace thus helping them to get their business back on track,” said Pranav Bhasin, Director, MSME & Selling Partner Experience, Amazon India.

During the three-day sale event, customers will have the opportunity to discover and purchase as well as enjoy deals and offer on products across categories including monsoon essentials, immunity boosters, regional handicrafts, at-home fitness supplies, etc. among many more from the special themed stores on the marketplace.

Whether customers are looking to purchase Work from Home essentials, comfort food or heritage handloom weaves straight from regional weavers, Small Business Days will have the widest selection on offer for everyone. Customers can save more with a cashback offer of up to 10% powered by A-pay and on other forms of digital payments for purchases made from participating small businesses.

Nitin Gadkari, Union Minister of Road Transport and Highways; Micro, Small and Medium Enterprises, Government of India, said, “MSMEs are the backbone of our economy, contributing to nearly 30% of the country’s GDP and half of its exports. Around 6 crore MSME units across the country employ over 11 crore persons.”

“MSMEs contribute significantly to the socio-economic growth of the country by fostering entrepreneurship and generating large employment opportunities. I believe that technology will play a key role in the success of MSMEs, and in increasing the contribution of MSMEs’ share to the country’s GDP. It is important to accelerate the growth of MSMEs especially after the disruptions caused by COVID-19 and I congratulate Amazon for hosting Small Business Day to help generate customer demand for their products and revive livelihoods of lakhs of MSMEs in the country”, he added.

“Customers will be able to discover thousands of unique products from local shops, women entrepreneurs, start-ups, emerging brands, artisans, and weavers, at a great value, making their shopping experience enjoyable,” added Pranav Bhasin.

Small Business Days 2021 is a sale event part of Amazon India’s efforts to minimize the impact of the COVID-19 pandemic on sellers. Over the past few months, with the onset of the second wave of the pandemic in India, Amazon has taken a host of measures to help sellers including a variety of fee waivers, relaxation of policies on reimbursements and performance metrics, and more.

Amazon is also providing vaccination support to its sellers and their dependents. In addition, Amazon has also enabled an ‘on-demand disbursement’ feature that enables sellers to get their disbursements daily to help sellers navigate the economic challenges during these challenging times.

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Business motivation Small Business Consulting Firms

5 Simple Things That Will Make You The Best Business Management Consultant In India

5 Simple Things That Will Make You The Best Business Management Consultant In India
5 Simple Things That Will Make You The Best Business Management Consultant In India

You may have noticed that today the consulting industry is in bloom. There are so many big or small business consulting firms in India that are rapidly growing and making handsome profits.

Not only from the business perspective, but even science says that business management consultants add value to an organization. The World Bank conducted a formal study in which a control group of factories along with a treatment group was included.

The results were quantified and surprising!

The economic benefits for the first year exceeded the cost of the consulting- with later years` benefits like pure gravy.

So, what does it take to become a successful business coach in India when competition is high, and you have to compete with the best of the best? There are few essential qualities that top-class business coaches adopt to make a golden resume.

So whether you have just started a small business consulting firm or considering it as your career path, here are some of the vital characteristics that you must cultivate to go from being a good consultant to the best one:

  1. Become Reliable

A consultant`s worth depends on how much his clients can rely on his word. This essentially means that you will have to deliver exactly what you promised your clients. This may sound simple, but this is the most paramount thing that is needed to build trust and credibility among your existing and future potential clients. Make sure you keep your promises and be consistent in your quality.

  1. Develop an eye for minute details

One thing that can make you one of the best business management consultants in India is having attention to detail. This is such a crucial skill in consulting business as it ensures that your deliverables to your clients go error-free. It showcases how thorough your research and your recommendations are solid.

If you have this skill naturally, nothing can be better than that. However, if you are not then it is best to create a list of things to double-check before submitting or promising anything to your clients.

  1. Stay Ahead from the League

If you have just started your journey as a business coach, your first few years of consulting will keep you juggling between industries, clients, and areas. No matter how broader your experience is, it is a good idea to learn something new or develop a skill that will differentiate you from the rest of all your competitors.

From communication skills to advanced financial modeling, or gaining in-depth knowledge about a specific area in the industry, take out the time to discover in which field you can become a specialist.

  1. Learn to think Critically & Analytically

Every business management consultant has a charming personality with enough ambition to last a lifetime. But what distinguishes a good consultant from a great one is his or her ability to not only take care of the tasks at hand but also to think critically about the work.

For instance, your client might ask you to find cost savings in a supply chain. But, it is crucial to understand why it is necessary for the business? Are profits declining? Is your client lowering prices to compete with his competitors? Thinking critically will help you develop better insights and solutions for your client.

  1. Resolving crisis via Resourcefulness

Be it a large or a small business consulting firm, you will be asked to solve problems that may be completely new to you, or maybe altogether an alien concept event to the industry. However, a great consultant is prepared to face these tough problems or challenging demands through his resourcefulness.

Hence, developing an ability to quickly and creatively solve problems should be one of the main things to become the best business coach in India.

It takes a lot to succeed in the consulting business. But focus on the above-mentioned skills and you will yield great results. Also, always ask questions. However, ensure that you ask them in a helpful, least annoying way. You can also listen to some of the best motivational speakers in India to learn the nuances of consulting world.

Want to open a small consulting firm but have no clue how to build a business from the scratch? You can take our ‘Entrepreneurship Course’ that will help you gain in-depth knowledge about establishing your startup.

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Business motivation Business Startup Ideas Startup

5 Best Non Tech Business Ideas You Can Start In 2021!

5 Best Non-tech Business Ideas You Can Start In 2021!
5 Best Non-tech Business Ideas You Can Start In 2021!

Are you looking to launch a startup in 2021? Do you have the potential to build a profitable business but not trying due to a lack of technical skills? Do not lose heart because there are some of the best non tech startup ideas waiting for you in this article.

The term “startup” in today`s world often paints a picture in our heads of a business that has something to do with modern-day technology. Technology is an essential aspect of every business today without an iota of doubt. However, it certainly does not mean that every business needs to be technology-based.

While some entrepreneurs might jump with excitement about launching a new app, for others the idea of technology being so complex can be quite intimidating. There are multiple non-tech startup ideas that young and aspiring entrepreneurs, solopreneurs, and wantrepreneurs who lack technical skills can use to and start their entrepreneurial journey.

We have compiled a list of the five best small business ideas that involve minimum to zero technical knowledge and you can start them in 2021:

  1. Interior Decoration

Many people in India want to decorate their homes in an elegant and sophisticated way. However, they do not know the drill and stay confused about where they should begin. If you have a knack for revamping homes and possess an ability to go into details, Interior Decoration can be your best bet.

Good interior decorators are either expensive or hard to find. You can begin on small scale and later can expand your business. There are certain online tools related to designing as well that do not require advanced knowledge of technology and can be easily learned.

  1. Franchise

Think of a franchise as a “plug & play” business that comes with an organized system and a business structure in its right place. If you do not want to take much risk, becoming a franchisee of a well-established brand is the ultimate money making ideas.

For a fee, you can receive a popular and fully established brand catering to a certain demographic area. It could be apparel, furniture, a café chain, a food chain, or an edtech startup-like Bada Business. To become a franchise partner is highly beneficial for someone new to the business world, and starting afresh.

  1. Online Tutoring

Do you have an upper hand in any subject? If yes, then you can start taking online classes. Whether you excel in music or have a solid grip on physics or chemical equations, with online classes you can generate a new source of revenue.

Today, almost everyone is using social media platforms like Facebook or Instagram, Google Meet, or Zoom meetings. You too can pursue your entrepreneurial dream by using one of these platforms to take classes. It is one of the best small business ideas that you can start with zero or minimum investment.

  1. Painting Business

A good piece of art can give meaning to this world. From living room to bedroom, workplace to the boardroom, a good painting can not only enhance the beauty of void space but can also fetch a great price. If you are blessed with creative instincts, you can start selling your masterpieces for a good price. However, you can also start exhibiting the work of other artists via painting exhibitions and earn good revenue.

  1. Kids Party Planner

Planning a birthday party for kids is not child`s play. Kids have free imagination and innocent concepts when it comes to their birthday parties. From fun activities to delicious food, there is a lot that needs to be taken care of. If you are good at managing parties and events, you can also become a kids` party planner.

To start one of the above-mentioned business ideas, you neither require a lot of investment nor you need to be technically sound. These money-making ideas need a solid business plan and never-ending determination and passion to pursue dreams.

It is also true that once you start a business, you will face many unknown challenges. However, fret not! With our ‘Problem Solving Courses’, you can find creative and practical solutions to your burning business problem.

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Business motivation Strategy

How To Improve ROI With COVID-Proof Business Ideas?

How To Improve ROI With COVID-Proof Business Ideas?
How To Improve ROI With COVID-Proof Business Ideas?

ROI or return on investment- every business analyzes its future by identifying past and potential financial returns. ROI is a ratio of your company`s net profit compared to your financial investment in the business.

What is ROI or Return on Investment?

Many people often confuse this term with the profit margin. However, ROI is the financial return that you receive from spending money and not the profit received from the sale of goods and services. It helps the leaders to make informed decisions by kicking the guesswork out of the window.

Why is it Important?

The ability to calculate return on investment is crucial for every business, regardless of the company`s size or industry. A businessman is considered smart if he manages his expenses and monitor ROI regularly. Only businesses that can analyze ROI, survive in the long run.

So how can you improve your business`s ROI? How can you ensure that your business`s ROI is always increasing, no matter what? Watch, which type of business model can guarantee high ROI and regular 6 figure income, here.

Here are three ways that will help any business to receive higher ROI in every season:

  1. Choose a Business Plan with Zero Inventory Management

If you have a small business that stores goods in a warehouse, then managing inventory is an essential part of how you can control your stock. Inventory management is like storing ice. Once you have kept ice inside the warehouse, it will meltdown to the water and will drown your profits under it, if you do not manage your stock smartly.

As the time of the stock increases, its shelf-life, as well as the price, starts to decrease. For instance, electronic devices and gadgets experience a price drop as soon as the new model with upgraded technology is launched. From perishable to non-perishable items, the value of stock starts decreasing if the goods stay in the warehouse for a longer duration.

Hence, it is best to order those goods that are popular and have numerous takers in the market. You can also pick a business plan that does not require you to stock up goods in a warehouse. E.g.- online business courses. Online courses neither require you to spend heavily on warehouse and inventory management nor go out of demand.

  1. Giving Discounts may Decrease Profit

Most often than not, many business owners purchase inventory from the distributors and lend it to the market on credit. This technique only results in loss- loss of inventory and loss of return. Why? The reason is that you purchase the stock after making the payment in advance to the distributor. However, when you gave the stock on a credit basis with receiving the down payment, you will be deprived of the funds.

Hence, you will have to offer your stock or products at a discount that will eventually hit your profit margin. Always choose a business model where once you sell a product, you get your money back. You can become a franchisee of Bada Business to earn profits every week.

  1. Margin

Whether you have a commodity business, retail store, mobile retailer, or have a restaurant business, the profit margin is limited to 10%. However, the margin is not fixed and may hit by external circumstances like an increase in cost, wastage of inventory, expensive credit that can convert profit into a loss.

Thus, if you are an entrepreneur who is looking to set up an independent business, always select a business model that returns high ROI. For instance, a Bada Business Franchise Partner enjoys 20% to 50% of profit margin, without experience undercutting system, with fixed price.

If you are looking for simple and effective ways to improve ROI on your business, you can take our Problem Solving courses that are designed to cater the modern-day entrepreneurs with practical solutions to business challenges.

If you want to become an entrepreneur, but have no business idea? Become our franchisee and earn up to INR 25 Lac per month. For more details, visit: https://www.badabusiness.com/master-franchise