Category: Motivational

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Motivational

8 Powerful quotes by Sir Ratan Tata to Inspire you!

ratan tata

Certainly, the world is full of great ideas, but success only comes through action.

Ratan Naval Tata, the recipient of two of the highest civilian awards- Padma Vibhushan (2008), and Padma Bhushan (2000) is an inspiration to many. Recently, this living legend took over the internet by storm by his one more noble act that has won millions of hearts.

Ratan Tata, the most famous industrialist when travelled all-the-way from Mumbai to meet his ailing ex-employee residing in Pune, the social media erupted in applaud. The ex-employee who was not keeping well for the last two years can be seen interacting in the picture that has gone viral on the internet.

Born in 1937, Ratan Tata is the great-grandson of Jamsetji Tata (JRD) – the founder of the TATA group and is one of the most influential business leaders. His strong business ethics, values, and philanthropy have made him a visionary living legend.

Here are some of the most powerful quotes by this legendary entrepreneur to inspire every single cell in your body throughout the day:

1. Ups and downs in life are very important to keep us going because a straight line even in an E.C.G means we are not alive.

2. Ratan Tata says that you must evaluate your strength and then pick on the opportunities and challenges. You are the best judge of yourself, no one knows you better than yourself. So ask yourself what are you good at and make a decision, go all your heart out for that work.

3. Ratan Tata’s first job was to shove coal and limestone into the blast furnace. Hence, his advice for the young generation is, “No work is big or small, one should enjoy whatever work they are doing and do it with sincerity”.

4. Aim big- that is the only way you can chase your dreams. Ratan Tata emphasizes the importance of aiming big to be successful in life.

5. If you want to walk fast, walk alone. But if you want to walk far, walk together.

6. Never run away from your problems because success is always disguised in challenges. Challenges are a prerequisite of success.

7. Trust is an invaluable asset. It is very essential to build trust with the people we work with. Businesses need to gain customers’ trust; as only then they will get closer to you.

8. Make every day count and plan your day early in the morning. Successful people always plan their time early in the mornings and then make sure the plan gets executed.

Anyone who wants to make big in life or simply wants to pump their mind with some extra dose of motivation, these powerful quotes by Ratan Tata will surely inspire you.

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Motivational

From Basti to San Francisco: The Success Story of Indian Start-up CEO who built a $2 Billion Unicorn!

anubhav asthana

As 2020 is about to end, this year was indeed special for Indian technology businesses and start-ups. Though the Covid-19 pandemic turned businesses on their head, it also posed new opportunities for many Indian start-ups like ‘Postman’.

This Bengaluru and San Francisco-based SaaS start-up became the fastest SaaS start-up to enter the elite unicorn club in 2020.

Founded in 2014, Postman provides a feasible platform for software developers to accelerate the development process through collaboration with various stakeholders. Claimed to be used by over 11 million developers, worldwide, it helps the coders to run their APIs and modify them without having to create separate code for testing them.

Abhinav Asthana, Founder & CEO of Postman hails from the small town of Basti, which is located in eastern Uttar Pradesh. Abhinav`s father was in the civil services and because of his transferable job, the CEO of the Indian start-up Postman, grew up in small towns all over UP.

During his schooling years from 1 to 5, his family lived in Basti before moving to Lakhimpur, which is located close to the Nepal border, where Abhinav finished his high school.

According to Abhinav, he got his first computer when he was in Class 5. “We got our first computer when I was in Class 5. It was the first Pentium I PC. And basically, my dad told me if I am going to game on it all the time, he is not going to allow that. So, I had to do something else and that became programming,” he added.

“At that time, the internet was just kind of taking off in India. Lots of excitement and there was a dial-up internet thing in the early 2000s if you remember. So, I got connected to people across a bunch of forums and we started building websites”, he fondly reminisces.

So how did he get the idea of launching an API (application program interface)platform? The Postman CEO wanted to solve the problem of API debugging for himself. However, he could not find anything good, and that`s how he started Postman as a side project.

During his college years at BITS Pilani`s Goa campus, he did a lot of side projects and initiated a project called BITS 360. The project gained popularity on campus and among BITS aspirants across the country.

Talking about his entrepreneurial journey, Abhinav says, “I always wanted to start a company and I did. It wasn’t a startup at that time, it was called TeliportMe, and prior to that, I had been founding stuff since my school days. I had a design consultancy that I did in school, made some money out of that.”

 

But in 2013, he found himself at the crossroads of his career. TeliportMe, his first start-up project was doing well and stable too, but it was not what Abhinav wanted to do. “It’s always tough to decide what is the thing you got to be doing”, he added. So in 2013, he left the company and took some consulting gigs on the side to pay the bills as he did not want to ask his father`s help to pay the rent.

He recalls, “I lived in Indiranagar (Bengaluru) and what I realized during that time was Postman had all of those things that I was trying to intentionally build as products in previous generations. It had that user love, a community that was coming around it, and people wanted the product. They wanted it to become better, they were using it, recommending it. It became a key part of their workflow.”

 

However, it still wasn’t a business and had a ‘donate button’ for people to contribute and send in “some money”. “Ultimately it came to a point where a company based in Seattle sent a $500 cheque saying that ‘we want to pay for it but there’s no way to pay”, he chuckles.

In 2014, he was joined by his Co-founders Abhijit Kane and Ankit Sobti and the trio launched the start-up formally. Today, Postman claims to have 1.6 million active users and in June 2020, the six-year-old startup secured a Series C funding of $150 million at a valuation of $2 billion.

The investment was led by US-based venture capital fund Insight Partners. Postman`s existing investors Nexus Venture Partners & CRV also participated in the round.

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Motivational

Unicorn 2020: This online beauty & lifestyle retailer start-up entered the $1 Billion Club in 2020

unicorn startup

The year 2020 not only be remembered for the chaos that it has created. For some start-ups, this year also means massive funding from investors across the globe. It will be memorable for them as they enter the unicorn club.

India has seen a record number of start-ups valued at $1 billion this year, and Mumbai-based online beauty & lifestyle retailer is one of them. Founded by Falguni Nayar, a banker-turned-businesswoman, Nykaa was launched in 2012.

A graduate of the Indian Institute of Management, Ahmedabad, Nayar was born and raised in Mumbai. Her father ran a small bearings company, assisted by her mother and the conversations revolved around investments, stock market and trading.

For 18 years, she worked with Kotak Mahindra Capital Co. Nayar, who was working as the managing director and head of its institutional equities business left in 2012.

“Once I turned 50, I thought I would become complacent,” she said. Initially, it was hard to quit the job at Kotak, “where everything was going right”, but with the self-imposed deadline of 50 loomings, Nayar did just that.

Before the Covid-19 pandemic came unannounced, Nykaa claimed profitability for the fiscal FY19 last year in December. The company also took the initiative to deliver the essentials to over 14,000 pin codes across the country. In May 2020, after raising funding of Rs 66.64 crore from its existing investor Steadview Capital, it attained its unicorn status at a valuation of $1.2 billion.

Started as a multi-brand online beauty retailer, today Nykaa has more than 46 stores across the country and has extended its online presence through a mobile app. The company has stocked up more than 1500 genuine brands and also provides free shipping.

Nykaa has launched its NykaaDesignStudio where subscribers can share their ideas and interact with each other. With its growing popularity, today it competes with online marketplaces like Myntra, Purplle, Flipkart, and Amazon. The platform follows an inventory-led model and has its private label in the cosmetics and personal care segment.

Not only women, but Nykaa has also launched NykaaMan,an e-commerce platform for personal grooming products for men. It has also acquired 20Dresses.com for an undisclosed amount in a move to further growth.

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Business motivation Motivational

Pivot And Persist: These Companies Stood Successful In Pandemic Times

2020 has turned out to be a chaotic year with full of surprises and shocks for everyone. It will not be wrong to say COVID-19, called the worst thing for many businesses, but for many entrepreneurs, it came as a blessing in disguise. This hard situation may not only enable them to rotate their business operations, process but keeping mind the growth of their business.

It has been months for the Indians who are surviving and fighting with the threat of this unbeatable virus. As correctly said, the lockdown imposed by the Government for the safety of our added woes not only to entrepreneurs but every class people as well.

While suffering during this time, a lot of businesses worked hard to fight back by changing the direction of their operation and touching different dimensions to be stable and grow at the same time.

Let’s have a look into those few businesses who fought this pandemic with a positive mind and change in operations way.

Hula Global

A garment manufacturing company founded in 2018 based out in Noida, was entirely into garments before COVID-19 came. But after a worse situation faced by people in terms of safety from viruses, the company owner changed business operations and started into manufacturing PPE kits, N95 masks, face shields, etc., to fulfil the rising demand for products in the country.

A change in business operation not only helped people in fighting the virus but also helped in the growth of the business. Now the brand has collaborated with the Bahrain Government, the Kingdom of Saudi Arabia (KSA), Brazil, and Italy to supply these kits.

Homescape

A co-working space, company founded in 2013 by Manoj Khandelwal operating from Bengaluru, when lockdown happened, then work from home to come. So, co-working spaces had major suffering during this pandemic time.

When the future of his co-working space future remains uncertain, then this Bengaluru-based co-working space Workshaala had set the example by changing business operations by an initiative called Homescape. The company started providing furniture like tables, chairs, and desktop to people working from home and help them individual’s productivity and provide them with comfort and ease at the same time.

Shree Shakti Enterprises

Shree Shakti Enterprises is a bulk trader of steel utensils since 1956 that has a good name in the market. But like most businesses in the world, they also hit a speed bump. This pandemic forced them to pause the economic activity, shut factories, so they had to close all its manufacturing units in Sonipat, Haryana.

Then their Rahul Bajaj, the owner of the company came up with the idea to touch uncharted territory of sensor-based sanitizer dispensers to hands-free hand wash systems, and automatic foot sanitizers. They started building a prototype within days of the lockdown. We can clearly say that the idea had changed their life.

2020 maybe turn out to be a surprise and shock at the same time. Last few months, many businesses have illustrated flexibility more than ever. As the pandemic and lockdown disabled not only the economy, our lives too across the globe. But, as it said you will find the way you go on the path of innovation with a positive mindset.

 

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Motivational Startup

Startup World Excitement Returns Amid COVID-19 Pandemic as Venture Capitalists Show Faith And Deal Discussions Heat Up

Startup (Representational Image Only, Photo Credits: NeedPix.com)

Mumbai, September 11: Coronavirus pandemic had badly affected businesses all over. Over the last few months, we saw numerous job losses, businesses being shut amid the lockdown. However, with the relaxation in the lockdown norms, the situation is improving. According to reports, venture capitalists are slowly returning to the startup world.

According to the Moneycontrol report, investors have started writing cheques, making big bets, something that was expected would take longer. Some names include Dailyhunt, ShareChat, skincare brand WOW Skin Sciences, and meat delivery startup Licious deal discussions have heated up.

Last month, fantasy gaming startup Dream11 emerged as the title sponsor of this year’s Indian Premier League (IPL).  The Indian unicorn replaced Chinese handset company Vivo, which opted out of sponsorship this year amid India-China border standoff. Infact, the company is counting on a bumper IPL for business recovery.

Infact during the lockdown as well, in March and April, online education, healthcare and gaming startups were the direct beneficiaries.

This surely comes as good news because when the pandemic hit India, investors hit the panic button and made their exits from the already finalised deals, postponed their fundraising plans and went aggressive on cost-cutting measures.

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Business motivation Motivational Startup

Post-COVID-19 Business: 73% Small And Medium-Sized Businesses Confident of Bouncing Back Post-Coronavirus; Here Are 4 Key Aspects Which SMBs Are Looking at, Says Report

Growth (Photo Credits: Pikist)

New Delhi, September 9: The coronavirus pandemic has affected everyone, from businesses being shut, to workers being fired, the economy of the country is in the doldrums. Amid the gloom, a new report- “HP Asia SMB Report 2020” has been published which gives a ray of hope. According to an IANS report,  73 per cent of small and medium-sized businesses (SMBs) in India are confident that they will survive and bounce back post-COVID-19.

The report highlights that Indian SMBs are more confident than their Asian peers in bouncing back after the pandemic as the regional average stood at 60 per cent. The Indian SMBs are confident that they will bounce back and believe that this period is giving them a good opportunity to reformulate the business strategy.

The respondents are hopeful that the pandemic would bring business opportunity, but it will take some time. Here’s how the SMBs believe to bounce back and fight the pandemic:

4 Key Aspects Which SMBs are Looking at:

The report mentioned that Indian SMBs have recognised four key aspects that will help them best to bounce back – using online tools, flexible work options, advice on strategy and innovation at work.

Doing digital: SMBs in India recognised the importance of going digital to revive the business. The report mentioned that the respondents believed that digital adoption was essential for the revival of the business.

For the study, 1,600 SMBs completed the survey between May 26 and June 7, which comprised 200 interviews in each of the markets- Australia, India, Indonesia, Japan, South Korea, Singapore, Thailand, and Vietnam.

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Motivational

Can Travel And Hospitality Sector Get Back In Business With Revenge Travel Amid COVID-19?

Empty Airports amid coronavirus pandemic (Photo Credits: pikist.com)

The hotel and the tourism industry was badly hit by the COVID-19 as businesses remained shut for several months. In view of the coronavirus pandemic, several people had to cancel their travel plans. Even though the numbers continue to rise across the world, however, the economies have started to open up.

The tourism industry is hopeful for a wave of ‘revenge travelling’ – people going on extra trips or splurging after the coronavirus crisis subsides because they have been deprived of it for so long.

What is ‘Revenge Travel’?

Revenge travel is a term that is being popularly used to refer to the time when people will plan extra travel and splurge as an act of revenge because they have been deprived of it for so long. The concept isn’t new. It has roots in the early 1980s in China during the devastating poverty of the Cultural Revolution where ‘revenge spending’ by consumers emerged.

With the ease in restrictions, urge among people to travel has increased

According to a report on Oaky, several surveys have been done to understand consumer sentiment. For e.g., as Wuhan’s lockdown is over and travel is opening up around China, and demand has been returning slowly. Mariott which had temporarily closed 90 hotels have resumed the operations in 60. Even though the occupancy is low, the business has started again.

According to a Washington Times report, in May, a report by McKinsey & Company found Chinese confidence in domestic travel had risen by 60 percent from its shutdown lows, as much of the country reopened. The report spoke about how travellers opted to stay close to home and go by car or train over flying. The hotels further opted for reduced capacity, mandatory masks and more stringent sanitation rules to lure the still-hesitant travellers, according to the McKinsey report.

Similarly, in India, which had undergone one of the strictest lockdowns in March has opened up its economy in phases. Hotels, lodges have reopened in the country with full attention to safety precautions and other measures.

The pandemic has caused the economy to come to a grinding halt with job losses, businesses being shut, furloughs and others. The coronavirus numbers have touched the grim mark of 25,664,094 figures across the globe as of Tuesday. However, with a slew of relaxations announced in several countries, it will be interesting to see if revenge travel can help the hospitality sector to get back to business amid the coronavirus pandemic.

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Motivational Startup Strategy

5 Common Startup Tips An Entrepreneur Shouldn’t Follow

Startups | Representational Image (Photo Credits: Pexels)

Starting a business with an innovative idea is a great deal of work. After completing lots of preparations and paperwork, an entrepreneur can pull off his/her business model. However, there will be always people to give advice that might not work for the startup to grow. Following them blindly, as those pieces of advice worked for others, can prove to be a disaster for your business.

Here are a few tips which an entrepreneur shouldn’t follow:

1) Customer is Always Right:

Many times an entrepreneur hears this line. The main issue behind the advice is customer pays and for that, an enterprise needs to listen to his/her every demand. However, it is a proven fact that no one can be an expert on everything. When conflicts arise, the best way is to clear the misunderstanding with proper communication. This will not only bring the client back but also s/he will trust you more for being truthful.

2) Raise Money and Grow as Fast as Possible:

Of course, speed is something that is needed to sustain in a competitive market. But the biggest mistake an entrepreneur makes is earning more money in a shorter period and then burning it with the same speed without even waiting for their products to fit in the market. The result — the sooner they rise, the sooner they fall. Best way to deal with this issue is to make a plan to expend the money in the right direction and identify product-market fit.

3) Choose Between Business And Family:

This is one misconception that most of the female entrepreneurs have. Instead of believing in this misconception, one should create a seamless work-life integration, where passion intersects with your personal life. The first and foremost part starts believing in yourself, and the second being surrounded yourself with people who believe in you.

4) Following Best Practices:

Walking on the path shown by others sometimes may help an entrepreneur, but not always. A path derived and designed by others, how is that going to fulfil the dreams and aspiration of a budding entrepreneur? To lead from the front, getting inspiration from someone is awesome, but one should not strict to best practices. S/he always be on a lookout to derive new ways to solve issue and progress.

5) Fake It to For Success:

Last but not least. This tip might help an entrepreneur in the initial phase but will end in a disaster. No investor, client or customer like dishonesty. This not only dampens their reputation in the market but also eradicates the trust that people have on them. Ask yourself, do you want to be called as a ‘cheater’? Think wisely before you proceed with this ‘faking’ people tip.

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Motivational Strategy

5 Steps for Newcomer to Build and Grow a Personal Brand Amid COVID-19

Steps to build and grow a personal brand. | File Image
Steps to build and grow a personal brand. | File Image

For a budding professional, the most difficult job is to build and grow a personal brand. This will not only boost his morale but also help his/her in securing a job in the corporate field. However, with pressures mounting with time and firms taking extra precautions in hiring candidates amid COVID-19 pandemic, here are five steps for a budding professional to build and grow a personal brand.

Create a Target Audience:

The first and the foremost step for building a personal brand is to create and make aware the target audience aware of the brand. For this, a well-written CV plays a vital role which should include a career summary, academic information, work experience, languages known, certifications, positions of responsibilities, and achievements.

Following this, post the CV in the right platform like Linkedin where recruiters can notice their prospective candidate. Apart from creating a profile, ask peers and ex-fellow employees to endorse your skills. Also, share relevant articles and write those which are relevant to your domain.

Online Classes:

Many of the budding professionals fail to grow their brand as they stick to traditional training. With the situation like COVID-19 pandemic in place and recruiters looking for extra talented people, budding professionals should focus on taking up online classes which makes them ready for the future. Courses like artificial intelligence, digital marketing, graphic designing, content writing, marketing analytics, among others.

Content Writing:

Apart from creating a CV and joining online classes to upgrade skills, a budding professional should write content in the field, in which s/he specialises. Content writing helps in building a professional brand. However, a clear knowledge of one’s vision, target audience and goals should be clear for writing content.

Participate in Case Study Competitions:

It is said that participating in case studies helps in building analytical and critical thinking. With this, a person develops the art of paying attention to details. Also, one learns to read between the line and begins strategic thinking. In the beginning, the idea might look scary, but with time this will help a budding professional into an ideal match for the recruiter.

Subscribe to Online Business News Providers:

This is the last step which will help a budding profession to build and grow a personal brand. There is no harm in gaining current affairs related issues. This will help the budding professional in facing the HRs, future colleague and even friends to strike conversations on mutual interest. Even subscribing to OTT platforms like Discovery Plus or History Channel will enhance the chances of being recruited by a firm.

Among all other things, a budding professional should always look for options to enhance his/her skills. This will make him/her more confident and market-ready.

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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.