Category: Process & Business Expansion

Categories
Process & Business Expansion

Use These 5 Ways To Build Your Business On Instagram

Use These 5 Ways To Build Your Business On Instagram
Use These 5 Ways To Build Your Business On Instagram

Creating a social media presence for your brand is essential in the modern digital era. You may sell your goods or services more widely and reach a worldwide audience with the help of social media platforms. Instagram is among the most widely used social media platforms today, with over 2 billion active users. This makes it a great advertising tool for addressing the general public and attracting potential clients from all over the world.

Young people under the age of 35 make up about 71% of Instagram users. Businesses may simply sell their products by collecting interesting information and creating attractive images based on current trends. Today, every company can use Instagram to expand their business and build a complete brand. Here are five ways to help you launch and develop your business on Instagram:

Instagram Stories are Important

Instagram postings are great but are insufficient to promote your company on this platform while maintaining audience engagement. Instagram stories are becoming more and more popular since they enable users to maintain stronger relationships with the brands and friends they follow. Instagram stories make users monitor their profiles more frequently since they expire after 24 hours and generate a sense of urgency. The person is encouraged to remain at the forefront of the page by using Instagram stories.

Instagram stories may be used to update your audience on company news, such as impending sales, promotions, or the introduction of fresh lines or features.

Hashtags Help You

Utilizing hashtags on Instagram enables you to expand your audience and achieve organic reach. To locate your profile and post on Instagram, users frequently use hashtags and other search terms related to relevant businesses. Use a variety of tags on your postings and consider using the comment box to prevent having overloaded captions. You may find suitable hashtags based on the phrases you select by using digital sources for hashtag generation, which can help increase your Instagram interactions.

Keep an eye on the Followers Count

Growing your followers is one of the best things you can do to raise the authority of your presence on social media. More engaged and active followers will give the idea that your business is reliable and trustworthy, which will attract visitors to check out your material.

You can start increasing your follower count by following other regional businesses in your niche, charities, well-known people, and news sources. These will support your efforts to obtain feedback while expanding your network and increasing brand recognition in your community. To increase your followers, the popular suggestion is that you join any local groups that promote nearby establishments.

Work Together With Regional Brands and Businesses

You can integrate postings on Instagram with those from other companies thanks to its attributes. This is a straight forward but powerful method for raising brand awareness and promoting page growth. By tagging others or making use of the combined post option, you can work with other businesses, including your clients, vendors, and rivals. Utilizing each other’s followings, will guarantee a win-win scenario for both businesses and assist you in expanding your follower count as well.

Utilize Influencer Marketing

If you have sizable marketing expenses, we advise collaborating with regional leaders who have a sizable Instagram following in your sector. These customers or influencers might give feedback on your goods or services and motivate their followers to come into your business. This will enable you to reach new viewers and gain from word-of-mouth advertising. To prevent spending time or resources, conduct an in-depth analysis of the local influencers in your area and get in touch with individuals who are already engaged in your profession.

Your online presence, particularly on Instagram, can work well in the rapid expansion of your company. Reaching a worldwide audience and enhancing brand visibility are both possible with Instagram. Keep your Instagram followers interested by posting frequently by including the use of Instagram stories for any updates. You can generate leads and manage the sales of your business easily with regular use of this platform. To boost your sales to newer heights become part of the Super Sales Secret Webinar and learn some unique ways to do so. Visit to know more: https://www.badabusiness.com/webinar/ibc/weekly_event?ref_code=website27

Categories
Process & Business Expansion

3 Effective Tips For Entrepreneurs To Overcome Burnout

3 Effective Tips For Entrepreneurs To Overcome Burnout
3 Effective Tips For Entrepreneurs To Overcome Burnout

Summary: Whether you are passionate about the thing you are doing or not, there comes a moment when we all experience burnout.

Finding something that you love doing and are passionate about and turning it into a full-time career is not an easy task. Even if you end up choosing one and choose to spend your entire life pursuing it, it does not mean you will never experience burnout. Once the excitement and newness of the job paves way for the monotony and pressure to get the job done and achieve your targets, burnout begins to appear.

Burnout in careers is a real issue, especially in this world where the competition is rough and our society keeps pushing people on the go with minimal rest. Due to the constant frenzy of completing tasks, many people are feeling the effects of long-term burnout.

Dr. Vivek Bindra, founder, and CEO of Bada Business Pvt Ltd is also a world-renowned business coach and guides more than 500 corporates in India to keep their employees motivated by achieving work-life balance.

Here are three powerful tips that might appear simple on the surface, but are super-effective if practiced daily:

1. Money is Not the Master Key for Every Door

People today often are a part of a rat race because they have lost their sense of individuality. Their goals are influenced by others and they want to achieve what their peers are trying to achieve, which is more often than not- MONEY! However, contrary to what our society wants to make us believe, money doesn’t resolve all the issues in our lives. No doubt that it makes life more comfortable, but there is more to life than what we buy and own.

In a bid to make a certain amount of money to give your family a comfortable life, you may be sacrificing your time with them. Now, there is nothing wrong with wanting to work hard, but being an entrepreneur one must know that something is going to slip through the cracks, and sacrifices have to be made. The good news is that there are ways to be able to do both.

2. Create Boundaries

The doors of opportunities are not easy to find in our fast-paced society. For entrepreneurs who are on a constant lookout for opportunities to scale their business or people who want to climb corporate ladders in less time, it may be hard to say “no.” Hence, boundaries are necessary to achieve balance. If there is stress in your life, then you have created stress and not the business. If you have stress in your relationship, it is because of a lack of boundaries.

Life is more enjoyable when you learn to say “no” to the things that don’t excite you or help you achieve your innermost goals. You can also work with a business motivational speaker to learn how to create boundaries and focus on the things that matter the most.

3. Give Equal Importance to your Relationships

Many people start their journeys to make money and create wealth so that their families can lead comfortable lives. In their pursuit, they sacrifice their precious time with their family. Hence, while it is good to work hard towards achieving your goals in life, one should not take their family and friends for granted. Relationships are not binding chains. They are like rocket fuel. And to lead a balanced lifestyle, leaning on one another can help us grow.

These three tips might look simple, but definitely will leave a positive impact on your mental and physical well-being. So follow these tips and Dr. Vivek Bindra, who is the best motivational speaker in India.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more about our course, visit: www.badabusiness.com

Categories
Process & Business Expansion

5 Amazing Tips For Entrepreneurs To Be More Productive!

5 Amazing Tips For Entrepreneurs To Be More Productive!
5 Amazing Tips For Entrepreneurs To Be More Productive!

Productivity is crucial for the success of any business! And from entrepreneurs to wantrepreneurs, solopreneurs to business owners, productivity is of utmost importance.

There are multiple times when people are busier than productive. And, it is essential to understand the difference between the two. And, if you are not making constant efforts to improve your productivity, it’s only a matter of time before all your business goals and aims will come crashing down. A great business mentor too can help you increase your productivity.

You can complete all your major tasks in less time if you maximize your efforts and minimize distractions. Here are 5 brilliant tips that will improve your productivity rapidly, as a busy entrepreneur:

1. Be More Accountable

Public accountability is something that can truly motivate us. Make a to-do list and set short-term goals, even if it means finishing your pending tasks for the day/week. Share your tasks and goals with a coworker, friend, or with your team. Working with a business coach will also help you to improve. Knowing that you will have to report back and be answerable for not meeting these goals will keep you motivated to perform better to see them through.

2. Find Out When You Are More Productive

Do you struggle with focusing on prioritizing tasks? Do you often fail to manage your time? If you found yourself nodding your head while reading the above two questions, then Time Block could be the solution.

A time block is nothing but small parts of your scheduled time throughout your day. You can decide the tasks you would like to complete according to their priority. Focus on a single task and ignore everything else. Focusing on a single task at a given point in time helps you to concentrate and perform better. It also ensures that you tick off all the important tasks for the day.

3. Eliminate Distractions

Easier said than done, we know, but try to reduce unnecessary distractions throughout the day that we perform unconsciously. You can also write ‘Day in your life off, which is a wonderful way to take note of where you are spending your maximum time.

All you have to do is write about your assigned task and your daily routine which you follow. This will give you an idea of where your maximum amount of time is getting spent. For instance, you can reduce social media browsing, or spend too much time on your phone.

4. Focus On One Task

We know that in today’s busy world, most people will suggest you handle multiple tasks in one go. However, what most people forget to mention is that it reduces efficiency & productivity. When you are being pulled in hundred different directions daily, it is really hard to give your best and deliver quality results. Jobs are often left open and incomplete, or they are full of human errors due to simple oversight.

This is why staying focused on one task until its completion ensures that it has 100% concentration and is done to the fullest potential.

5. Take As Many Tasks As You Can Handle

When you segregate your daily tasks and schedules, it is time to prioritize them wholeheartedly. Allocate your time to the most worthwhile tasks, which will help you to achieve your goals. This also means saying ‘No’ to new projects, new assignments, new clients, and new responsibilities.

Saying NO to non-essential tasks will help you to finalize the list and helps you to stay adhered to your to-do list.

Staying busy and occupied all the time can stifle your mind and block your creative juices from flowing.  Take time to distress your mind regularly as it will impact your effectiveness. And your mind and business will thank you.

Want to know how to deal with business challenges that come unannounced? The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more, visit: www.badabusiness.com

Categories
Process & Business Expansion Strategy

6 Effective Ways To Measure Your Business Performance

6 Effective Ways To Measure Your Business Performance
6 Effective Ways To Measure Your Business Performance

Summary: How do you know whether your business is performing as expected or if you are on track to achieve your goals?

Business is unpredictable! This is why measuring its output and evaluating the effectiveness of your strategies is very critical for its growth. However, despite you having all your business objectives outlined and your strategies to achieve them in place, will you know that you are on the right path? Also, how do you know whether your business is performing as expected or if you’re on track to achieve your goals?

Being an entrepreneur it is vital to know what works for your business, and what does not. Be it small, middle, or large, every company has its share of success and failure. So it is essential to constantly keep a finger on your business performance to stay ahead of your competitors.

According to a Gartner report, “organizations that use predictive business performance metrics can increase their profitability by 20%.”

Here are six crucial indicators that will tell you all you need to know about your business’s progress:

1. Net Profit

Net profit is the amount that remains after deducting a company’s expenses, taxes, and interest payments over a given time. It is one of the most reliable parameters when it comes to analyzing financial status. When evaluating your business performance, the net profit should be converted into a percentage of revenue- the net profit margin. Businesses must stay ahead of the profit margin in their industry to remain competitive. Anything below the margin means your business is in poor financial status. If you find it difficult to evaluate your business performance, you can hire a business coach too!

2. Customer Satisfaction

Another important way to measure the business performance of your small business is customer satisfaction. Happy customers can impact other metrics directly. Customers can help you improve your business performance. If your customers are satisfied with your products or services, then your business is making progress.

But how do you measure customer satisfaction? You can do that through various surveys, reviews, and honest feedback from your customers. If your business is at a very early stage, you can start developing a client list with an email address to track customers. This way you can keep a count on your new customers and build a strong relationship with your clients.

3. Employee Retention Rate

A good employee retention rate indicates a business with a healthy work culture and with processes in place for success. A poor employee retention rate is a glaring sign that the company is wasting its resources on hiring, training, and absorbing new employees. This will prevent a company from utilizing its resources to drive growth.

4. Set Up a Break-even Point

Setting up a break-even point or a target can help you evaluate the business performance of your small enterprise. The set target is the number you need to achieve in a given period (monthly or quarterly) for the company to cover its expenses to sustain. It is important to reach the break-even point, even if your business is not making a profit.

5. Sales Indicators

The volume and frequency of sales can provide everything you need to measure business performance. You can segregate the sales data into new customers, sales to existing customers, how much profit a particular product or service is making, or any other categories that might prove vital for the business. Keeping track of these numbers can provide invaluable insights into your business performance.

6. Analyze your Goals

While evaluating your business performance, it is also essential to assess your expectations. Many people disregard their happiness when it comes to evaluating business performance. But try to consider your perception when measuring your business performance. It always helps!

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

To know more about the course, click here: https://www.badabusiness.com

Categories
Process & Business Expansion

5 Management Tips That Will Make Entrepreneurs Highly Productive!

5 Management Tips That Will Make Entrepreneurs Highly Productive!
5 Management Tips That Will Make Entrepreneurs Highly Productive!

Summary: Being able to launch, execute, grow and scale a startup business is an intellectual exercise that involves a lot of backstage activities and incredible time management.

Entrepreneurship is a state of mind that demands many personal and professional traits. Scaling a business is an intellectual exercise that involves networking, planning, research, marketing, sales, business strategy, and several related activities.

As a result, entrepreneurs have to juggle multiple tasks like attending events, meeting investors, taking care of business operations, hopping on calls and being extra careful with every decision for their business endeavor. All this can lead to a critical state of burnout- a situation of complete mental and physical exhaustion.

Experienced freelancers, business coaches, entrepreneurs, and successful business owners manage to finish their tasks on time because of their perfect time management skills. Time management techniques and strategies help them to prioritize their important tasks on a daily basis.

Time management is a process of organizing; planning and strategically controlling the time you spend on specific tasks. When done effectively, it enables you to get more work done in less time.

Here are the top 5 time management tips for entrepreneurs to increase their peak performance and productivity:

1. Find Your Golden Time

Are you an early bird, a night owl, or somewhere in between? Do you know during what time of the day you feel you are most productive? Time management is not just about managing 24 hours a day. It is also about understanding how and when you function best. You can schedule your most important tasks according to your productive window of time and set up your day in harmony.

2. Use Covey Time Management Matrix

Created by the author of The Seven Habits of Highly Effective People- Steven Covey, this time management model is quite effective and used by many business coaches across the world. This model is based on four simple quadrants:

  1.   Urgent and important tasks
  2.   Not urgent, but important tasks
  3.   Urgent but no important tasks
  4.   Not urgent and not important tasks

Divide all your tasks into the above-mentioned four quadrants. Manage things in quadrant one first, followed by the second, third, and so on. Prioritizing your tasks this way can be extremely helpful if you are juggling multiple things at the same time. You can also watch some of the best time management techniques, right here:

3. Plan Your Days or Weeks in Advance

Planning out your days for the week ahead is a brilliant way to organize your time efficiently. You can keep a diary or use a calendar app and write down the tasks with high priority. You can start with tasks that have upcoming deadlines, followed by less urgent tasks. Also, don’t forget to squeeze in your breaks and buffers to keep you focused and refreshed.

4. Focus on One Thing!

If there is one myth that needs to be busted across the globe, it has to be the concept of MULTITASKING. Yes! A human brain can only handle doing one thing at a time. So, if you try to do more than one thing, you will end up constantly switching your focus and taking even more time to complete both tasks.

Hence, focus your attention on one task at a time and stay on course till you finish it. Once it is finished you can move on to the next task.

5. Remove Distractions

Many times we start doing one task and our phone beeps! Instead of ignoring it, most of us check the screen and then forget about the task that we were doing. Even if a deadline is looming, we would try hard to finish one task, but it just does not happen.

So the first step that you should take towards managing your time efficiently is to remove distractions. Figure out what distracts you the most. Is it employees chattering around you or the notifications coming on your phone? Once you find out your triggers, you can take action to eradicate them.

From turning your internet off to putting your phone on airplane mode, chances are that you already know how to help yourself drown out background noise to focus on only what is important.

Also, don`t forget to take a rest even when you have countless things to do. It is very easy to let your business take over your entire life, but you also need to take care of yourself. If you let your physical and mental health slide, you won’t be able to perform your best.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more about these courses, visit: www.badabusiness.com

Categories
Business motivation Process & Business Expansion

Hiring a Business Coach? Here are 5 Key Reasons You Should ASAP!

Five Key Reasons Hiring a Business Coach is a Brilliant Idea
Five Key Reasons Hiring a Business Coach is a Brilliant Idea

Summary: Having a business mentor is important if you want to achieve your goals in life. If you are an entrepreneur who has just started his journey, you should hire a business coach. Getting yourself a mentor who can guide you with his years of experience and expertise is the best way to achieve your goals.

Let`s say you want to go from point A to point B in your city. You are new to the city, and only have a basic idea about the medium of transport. Now there are three ways to find how you can get there.

The first way is to figure it out all by yourself. This might require you to get around the city and walk the streets in your quest to find the right one. This could be time-consuming and frustrating. You might reach or you might quit before reaching your destination.

The second way is to ask for directions. You can ask random people on the streets. While some might point you in the right direction, others may send you in the opposite direction. Nonetheless, you will waste a lot of time.

Now, the third way is to use GPS or Google Maps. A map will guide you turn by turn along with telling you the shortest route saving you from traffic jams. You will save time, frustration, and confusion. You will reach your destination easily. A mentor is just like GPS who will give you directions and help you to achieve your goal on time.

Many entrepreneurs often take the first way, trying everything out instead of getting a mentor. They read books, watch online videos and enroll themselves in random online problem solving courses. This is just like asking for directions from random people who might not be aware of your business requirements.

Here are five reasons why you should work along with a business coach:

1. Mentors Act as Great Navigators

Young entrepreneurs need to understand the right way to achieve success without deviating from their path. Success in any business is a combination of many factors and one of them is to keep updating and learning about business. Your mentor can suggest an online business coaching program for entrepreneurs that can help you to expand your viewpoint. It will help you to resolve problems and will boost your confidence too.

2. Mentors Provide Unbiased Views

Business mentoring and coaching are two different concepts. Your business coach does not have to be your best friend. The objective of a mentor is to help you develop your business. But to achieve that he will have to view your business with a fresh perspective, and unbiased eyes and guide you, instead of solving problems.

3. A Mentor can Help You Set Benchmarks

After the initial discussion, the key role of a business coach is to initiate goal setting and celebrate important achievements to help entrepreneurs stay engaged and enthusiastic.

4. Mentors Can Help You Find Investors

Being an entrepreneur one of the major challenges is to find an investor for your business idea in which you believe with all your heart. Angel investors or venture capitalists are individuals and groups that provide funds to startups with promising ideas. They will be more interested in you once they understand the potential of your business through the eyes of an experienced industry professional who is also your mentor.

5. Mentors Provide Balance

Young entrepreneurs often come up with unique concepts and business ideas. They believe in working in innovative and smart ways while chucking old-school approaches. However, it is always advisable to have a combination of old and new in a moderate balance. Business coaches often adopt smart working techniques, while providing sound advice and constant guidance to achieve the right milestones at the right time.

Mentoring is a long process that demands consistency. While you may feel that you don’t need a business coach all the time, having someone who is an expert and a seasoned professional who you can reach out to anytime provides great comfort.

To know more about a business coach. Visit: www.badabusiness.com.

Categories
Motivational Process & Business Expansion

The Great Resignation: A Perfect Time for Businesses To Rethink, Redesign & Reshape Structure

The Great Resignation- A Perfect Time for Businesses to Rethink, Redesign & Reshape Structure
The Great Resignation- A Perfect Time for Businesses to Rethink, Redesign & Reshape Structure

After the pandemic, it`s the Great Resignation that has become a matter of concern for organizations across the globe of late.

According to Michael Page, a recruitment agency, around 86% of employees from the Telecom and Technology sector plan to resign from their current organizations within the next six months. What makes this situation further worse is that this trend is expected to continue in 2022.

According to a report published in LiveMint, “Employees who are less than two years in their current organization will drive this revolution in India. 38% of those who are planning to jump off the ship will belong to this segment.” Although this trend may leave an impact on various sectors, it will be the tech industry that will bear the brunt as there are more positions vacant that employees looking to fill those seats.

But before we can talk about the Great Resignation, do you know what exactly is it all about?

2020: From Where it All Started!

In 2020, when the pandemic struck the world, the resignation across the US was minimized due to the fear and uncertainty that gripped almost everyone across the globe. The organizations shifted their operations and provided the hybrid working model to their employees.

However, the extended working hours, extreme working pressures, and hectic schedules diminished the line between employment and forced labor. The employees lost their work-life balance, and everyone began to feel the collective burnout. This led to employees quitting their jobs at unprecedented rates.

Though it started in the US, the trend is expected to make waves and might keep hitting various sectors in India.

What has triggered this revolutionary trend?

Unfortunately, it`s some of the dumbest decisions made by employers that have sown the seeds of the Great Resignation. Probably, this is the reason why this trend has not died out and continues to surge. On top of it, identifying and retaining staff has become more complicated and harder by bad management policies.

Many companies have returned record profits during the pandemic. And to be honest, employees who have worked day and night during the pandemic expect something better from their companies.  For instance, many organizations refer their every employee as an “associate” when they leave. This makes it incredibly difficult for them to find a good opportunity in the same field.

The above example is as ridiculous as companies asking their employees to return to the office full time. In India, many organizations have called their employees back and refuse to see the leverage that it provides to their employees’ well-being.

We have seen lots of discussions happening on employee wellbeing and mental health. But seldom have we seen companies taking some serious measures to improve their work culture. However, the rising trend of Great resignation is proof that employees are changing and so should the organizations.

People Want Better

Companies often think that employees always want more. Yes, people want more. They want a work-life balance. They want mental peace. They want more than just mechanical work that is not adding value to lives. They want to work for companies that mean something. They want to put their skills and efforts into something they genuinely believe in.

Around 61% of Indian employees are open to accepting lower salaries or letting go of appraisal or promotion to improve their overall well-being and happiness.

If you are going to spend most of your waking hours working, isn’t it rational to expect it to be the best, every single day? While many people remain untouched by the pandemic and its post-trauma, many among us have lost our fathers, friends, and loved ones.

A Perfect Time to Bring the Change

Today, the time is not changing, but it has already changed! And companies need to realize it. It is quite surprising that many companies still expect to operate on a pre-pandemic structure. We know the game has changed and its rules too!

The companies will have to work upon its strategies, toxic work culture, and employee benefits that provide meager support to its recipients. Employees have realized the importance of physical and mental well-being. They are ready to accept positions and offers that pay less but provide more mental peace and a healthy work environment where they can thrive and prosper.

So those who are willing to embrace the change must introduce proper integration and support. If ever there was a time to rethink and redesign the strategies, the time is NOW!

What do you think? The pre-COVID work culture was more employee-friendly? Or the post-pandemic environment provides more benefits to modern-day employees as well as to the businesses?

Source: https://www.linkedin.com/pulse/great-resignation-perfect-time-businesses-rethink-redesign-/

Categories
Process & Business Expansion

5 Effective Ways To Connect & Network With Other Entrepreneurs

5 Effective Ways To Connect & Network With Other Entrepreneurs
5 Effective Ways To Connect & Network With Other Entrepreneurs

Summary: Networking is essential for the growth of small startups business. Find out how you can connect with mentors and business coaches and get inspiration through networking.

Networking can benefit young entrepreneurs, from fresh perspectives that spark business growth to finding new customers, mentors, and contacts to bounce ideas off. It helps raise awareness, find new partnerships, and win over potential customers.

From Twitter to LinkedIn, you can connect with professionals with diverse profiles. And if it is done strategically, networking can greatly help entrepreneurs in India.

Here are five ways that will help you to connect with other small business owners and young entrepreneurs:

1. Be Active in a Community App

Several social networking platforms are popular these days. However, not every platform will be beneficial for young entrepreneurs. If you are a young entrepreneur, then you should join a platform that will connect you with other business professionals for business growth. Bada Business community app is one such platform that offers a unique platform for young entrepreneurs to connect and network with other business owners and potential clients.

This unique app offers points when you like, comment, or share a post that you want. Based on the collected points, your profile is promoted in the community, making it possible for you to connect with many out-of-reach individuals. Not just that, you can attend Free Masterclass that is conducted every week by billionaire professors.

2. Know-How Networking is Beneficial for You

Entrepreneurs must be aware of what they want to get out of networking and how it benefits them. Whether you are looking to find the best business coach, mentors, or partners, networking can help you discover great local suppliers, logistic partners, or retailers who can enhance your small business.

Whether you are just starting a business or you are a successful entrepreneur, networking could be your route to finding more clients. You can also find the Best Motivational Coach in India. 

3. Don’t Be Afraid to Ask for Connections

Take a step back and have a look at all your existing connections. Every single relationship in your contact list could be beneficial to you. All you have to do is – reach out. You can reach out to all your existing connections and ask them if they have someone in their network that could benefit your business. Also, don’t forget to offer your help to anyone in their circle, as it is a two-way street. You can also consult with a business coach who can use his network to help your startup business grow.

4. Join a co-working space

Getting away from your workstation can be refreshing from time to time. Changing work environment can help spark creativity by breaking the monotony of regular working hours. You can find some co-working spaces for networking purposes. You can also join the Bada Business community app to make some meaningful connections. It is an online community that is available 24/7 for entrepreneurs to discuss, learn, and share all aspects of the business.

5. Keep the Agenda of Networking Clear

People often network rather vaguely. However, it is essential to understand that increasing the number of people on our contact list is not enough. We need to connect with the right people keeping our end goal in mind. Build strong connections with like-minded people who can help us grow.

Entrepreneurs need not only a great product or an excellent service but also the courage to build a wide range of relationships within a growing professional network. Try to imply the five ways that are pretty effective for networking and let us know which one worked the most for you. Join the Bada Business Community App by Dr Vivek Bindra and get closer to your entrepreneurial dreams.

Download the app now: https://tinyurl.com/nhav2kp6

Categories
Process & Business Expansion

5 Ways To Make Your Product Launch Successful

5 Ways To Make Your Product Launch Successful
5 Ways To Make Your Product Launch Successful

You have a unique idea for a new product that will magically resolve all the challenges that customers in a particular segment are facing. You create a killer product that may bring a revolution to the world. Now you want the entire world to go crazy to purchase it (think about people standing in a queue to buy an iPhone).

But none of that happens, and you get up with sweat beads all over your forehead. All of your hard work and efforts that you have put in to create a product now appear futile. Isn`t it terrifying?

It is extremely easy to get ahead of yourself when you are trying to create a new product. Envisioning all the sales, profits, recognition, and success that will emerge after your product launch can often take us away from reality. But just like any other business initiative, a product launch also requires time and careful planning says the Best Business coach in India –Dr. Vivek Bindra.

And, launching your product in the market without having your ducks in a row is a recipe for disaster. Thus, if you have created a brilliant product after investing your hard-earned money and efforts, here are five steps every entrepreneur should take before releasing a new product:

1. Be Strategic in Defining your Target Audience

Whether you are creating the new iPhone or a food joint, it is important to find and learn from your core audience. Establish your base and build their confidence in you.

As you prepare for your product launch, research your competitors. Learn from your competitors as there are no original ideas, only repurposed ones. Take what is good, learn from their mistakes and make improvements where you believe there is room for improvement.

2. Go All Out When It Comes to Publicity

Obscurity kills businesses. If you do not shine like the sun when it comes to publicity, you won`t get the attention that is needed to be successful. Before launching your new product, ask yourself two things-

a). How far will I go to get attention?

b). How consistent will be my attempts?

If you will not go overboard when it comes to marketing your product launch, you will not get your customer`s attention. Also, having a thorough understanding of the challenges that your product or service is solving is imperative to your business growth. Make them your Unique Selling Points while advertising your products. You can also take online business courses for entrepreneurs to learn more about advertising and marketing.

3. Be Clear & Concise About Your Target Audience

If someone asks you, “Who is your target audience?” you should have a concise answer. Otherwise, it’s a red signal! Being an entrepreneur is not an easy deal and thus, it is suggested that you should research well about your target audience.

Apart from knowing your audience, you must be well aware of your product`s value. Take testimonials from your customers who have had success with your products as it can help you for make improvements.

4. Trace & Understand the Buyer`s Journey

What is the foundation of all the marketing and sales activities? The Buyer`s Journey! The process that revolves around the buying process forms the basis of all the activities related to marketing. Thus, it is essential to understand the customer`s pain points, from where do they get their information, and what influences their decisions while making a purchase.

5. Focus on Major Media Outlets

Attention is the currency of the internet. The average person consumes an enormous amount of information daily. To hold someone`s attention, cut through the noise. Develop the right media strategy that is suitable for your product launch. Pitch yourself as an expert and focus on high-profile media outlets. However, your pitch must have a sensational hook with actionable advice.

Also, do not just use the traditional medium of advertising. Use the power of social media and create hype to engage customers. Make strong brand guidelines to ensure you got the powerful one. Make use of social media platforms to generate interest among your target audience.

Another brilliant way to create a buzz around your product before its launch is to reward your customers. Offer discounts for preorders, first-time users, or anything else that can entice users to buy your products when they are launched.

Launching a new product or service is not easy! There are lots of steps involved that can have a great impact on a product launch. These steps can make or mar your product in the niche market. Know what is best for your product or service with our Problem Solving Courses.  To know more about it, click here: https://www.badabusiness.com/psc

Categories
Process & Business Expansion

7 Top Debt Management Tips For Small Businesses

7 Top Debt Management Tips For Small Businesses
7 Top Debt Management Tips For Small Businesses

Managing finances when you have just started a business can be quite challenging. Most often small startup businesses operate on a good note at the very beginning. But if entrepreneurs don`t have a lot of experience with managing business finances, soon the business can drown into business debts.

Hence, the most important step for any business owner is to educate themselves. They must know how to do simple accounting tasks, apply for loans, or draft financial statements. By keeping themselves updated, entrepreneurs can save their businesses from financial losses. There are many online business courses for entrepreneurs that offer in-depth information regarding debt management.

Being in debt is like a nightmare- never-ending & scary! Debts can be quite stressful, which is why it is necessary to tackle your finances and get them under control. But trying to get out of your debt or improve your credit score is like running on the treadmill. You will keep running but won`t reach anywhere.

So whether you are a student or a manager, creditor, investor, supplier, regulator, or any stakeholder in an organization managing your finances is paramount! Get more from what you spend, credit score, financial purchases, and surplus funds to build a business.

1. Pay Yourself

It is very common for small business owners to invest their capital into day-to-day operations. Though, investing money can help your business to sustain itself in the long run, as an entrepreneur you must compensate yourself too. Always ensure that your business and personal finances are in great shape.

Learn the Interest rates, fees, charges, negotiating terms, and other product-specific features you must consider through our Problem Solving Courses.

2. Invest in Growth

In addition to compensating for yourself, it is very crucial to find new opportunities that offer growth. This way your business will thrive and move in a healthy direction. From poor spending decisions to impulse purchases & investments, learn what mistakes end up costing you in the long run and figure out golden opportunities that will help your business to grow. You can take online course for entrepreneurs to understand the dynamics of making financial investment.

3. Find ways to get your business out of debt

Loans can be scary. They can lead to financial worries and repercussions that may fail. Hence, reducing expenses, reviewing the budget, or consolidating debt, find out effective ways with our Problem Solving Courses that can get your business out of debt. 

4. Avail Government Loan Schemes

There are many policies made to benefit the debt-owners by the government of India. To empower small business owners, the Indian government has launched multiple loan schemes that come with minimum interest. You can learn about policies to ensure your business is on a road to growth. 

5. Keep Good Business Credit

As your business grows, you may want to buy some commercial real estate, acquire insurance policies and take out more loans to facilitate smooth business operations. Maintaining your credit score can help you manage your debt easily. Learn how to manage your bad debts with our Problem-Solving Courses on our app. 

6. Have a Good Billing Strategy

Managing small business finances also means managing cash flow. A consistent cash flow ensures that your business is operating at a healthy level on a day-to-day basis. Hence, it is very important to manage payments from your clients or customers from time to time. If you are struggling to collect payments from certain customers, it is time to get creative to bill them.

7. Know how to recover your debt from the market

Develop & strengthen your debt recovery strategy to help reduce costs, save time, and maximize resources with our business

Improve your own personal & business finances,  grow your income, budget the smart way, and reduce your debt with our Problem Solving Business training courses that also include ‘debt management’ to become debt-free over time.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with foundation courses, specialized courses, and value-added courses.