Month: October 2020

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Business motivation

Employee Or Employer: What Would You Choose Between A 9-5 Job And Owning A Business

Business Tips
Business Tips

Which one is better, getting a job or starting your own business? This is one question that no one else can answer for you but yourself. At different stages of life, a person’s preferences change. If someone is loving their job in the twenties, doesn’t necessarily mean they will feel the same way in their forties.

There are various factors that are needed to be taken into consideration while deciding what’s the best for you, a business, or a job. However, there are some advantages and disadvantages that tag along with both of the options that could play an important role as a deciding factor in choosing your career preference.

 

Amazing Perks Of A 9-5 Job

Yes, whenever we talk about the 9-5 jobs, the first thing that comes to our mind is that guaranteed paycheck. These guaranteed and regular paychecks are heavily preferred by those who are the breadwinner of the family. They need to feed their families hence 9-5 is always their first preference that acts as a safety blanket.

Secondly, 9-5 offers you work-life balance which is very important in today’s day and age. Following a fixed timeline/routine allows you to separate your work from your personal life so that neither of them suffers. Last but not least, You get to develop and hone new skills in an organization. You get to work on so many projects, different clients, and colleagues with a different skill set that you end up adding a skill or two to your skillset as well. Hence, a 9-5 job is perfect to broaden your skillset.

Wait, Not All Is Hunky Dory With A 9-5 Job

There are consequences that can not be unseen or turned back towards. If you go for a typical 9-5 job, you will be stuck in a routine for a very long time. Many times, employees don’t even get to advance their careers because they are stuck to doing the same task for ages. Then comes the job insecurity. Let’s be honest, no organization in this world offers a 100 percent job guarantee. This corporate world is so competitive that the moment a better resource is found, the previous will be dispensed. On top of that, there is so much dependency on others to complete even the simplest of tasks.

Supremacy Of Owning A Business

Being your own boss! Yes, these 4 words give you all the feels if you are the one who has always appreciated your freedom and do not work well in a caged environment. If you own a business, you get to enjoy flexible timings and could work according to your priorities. Further the same, you can not take for granted the diverse learning experience you gain while building your business from scratch. Also, who can deny the sense of achievement and the respect for running a successful business gains you amongst your circle, professional or personal. 

But There Is A Fly In The Ointment

Don’t take the decision yet as there are still some things to discuss that might still influence you. When you own a business, you are signing up for working 24*7 and bearing the overwhelming amount of stress that it brings along. As you are supposed to make your business a success, you will find yourself constantly thinking about how to make things better. The funds are also not easy to raise. In order to start or even grow an existing business, raising funds is as important as it is difficult. Also, there will always be a risk of owning a business because you never know what the future holds for you. The Covid-19 Pandemic is the perfect example that forced thousands of businesses to shut down.

Final Word…

The decision is not an easy one to make, as there are several factors to consider. Before reaching a conclusion, do a thorough introspection of what exactly is that you want to pursue because once you are into it, switching might feel like way too intimidated and time taking. So think this through and let yourself know if you are an employee or an employer!

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Business motivation

Manufacturing Business Ideas That Are Gaining Momentum & Will Thrive Beyond 2020

Creating something out of nothing takes almighty power. We are all about this power and this is what we will be talking about in this article. Yes, Manufacturing Business. Please steer clear of the thought that in order to make a difference in the world of the manufacturing business, you need to be a biggie like Jindal Steels. You can be whatever you are comfortable with and contribute to the industry in your own tailor-made ways. 

This motivation behind this article is the various reforms as well as shifts that have taken place in 2020. We will introduce you to some manufacturing business ideas that you think of stepping foot into to satisfy the manufacturer within. Buckle up, the ride is about to begin.

Accessorize, Accessorize, Accessorize

Making fashion jewelry and fashion accessories is slowly emerging into this big industry that is believed to grow tremendously. The reason behind this is that the fashion choices of today’s generation are changing as they want to buy something that doesn’t cost them a fortune as well as is much easier to wear on a daily basis. Some smart entrepreneurial minds out there encashed the opportunity and have met with success. You too can be the next big thing in this industry if only you have the eye for detail and creativity.

Let’s Talk Environment Friendly

It’s high time we as humankind started thinking about the environmental changes that have already started to raise their head. Thankfully, today’s buyer is much more conscious about what they purchase and what they use to carry these environment-friendly products into. Yes, we are talking about environmentally friendly carry bags or high-end fashion bags. If you have the skills to provide quality with finesse, this is the business that you can tap on as the demand is continuously increasing!

Organic Personal Care Products

We all have to learn from the success of Mamaearth that a good quality product that is made naturally and marketed effectively can change the entire game of your business. If you are into health and wellness, you can dabble into manufacturing personal care products that are all organic and natural. Considering there are a lot of brands out there that call them “Completely natural”, the truth can not be far from it. Jump onto the opportunity and give the consumer what they really want and see your business thrive.

Let the Craftsman Take Charge Now

Now that the nation is all Vocal For Local, It is the best time for you to start that local handicraft business that you have always been so passionate about. The cherry on the cake is that the government and a few giants are also actively participating in the campaign by introducing and supporting local businesses that represent Indian craftsmanship. 

We understand that it is easier said than done. Setting a manufacturing business in India isn’t as easy as one would want it to be. However, we Indians have remarkable resilience, vision, and determination to cross any hurdle. Just try to focus on coming up with a viable idea and a perfect execution strategy to back it up.

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Startup

COVID-19 Impact: 15% Startups Halt Operations, 44% Have Cash Runway For Less Than 6 Months

Startup
Startup (Photo Credits: Pixabay)

Mumbai, October 14: The coronavirus pandemic has affected across sectors causing job losses and business being shut. According to an IANS report, the impact of COVID-19 has been severe on the Indian startup as 15 percent of the startups have halted operations.

According to a report by TIE Delhi-NCR and Zinnov, 44 per cent of start-ups have cash runway for less than 6 months, 41 per cent of startups have been impacted negatively while 52 per cent are struggling to raise capital.

In addition to this, there has been a decline in the overall pace of investments, especially in April to June 2020. To add to it, there has been a 48 per cent year on year decline in funding and 37 per cent year on year decline in the number of deals in the quarter.

The decline was even more prominent in seed and early-stage investments. The coronavirus also affected early and late-stage funding. According to the report, there was more than 50 percent decrease in early and late-stage total funding in Q2 20 as compared to Q1 20.

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Business motivation Finance

India Emerges As Top Choice for Future Investments in the Next 2-3 Years: Survey

New Delhi, October 14: Business in India that have been severely affected by COVID-19 this year, have been limping back to normalcy over the past one month or so. Reports inform that India is believed to emerge as one of the top three choices for overseas investments in the next 2-3 years, a CII-EY FDI survey report showed on Tuesday. According to the survey, India is the first choice for future investments for more than two-thirds of the MNC respondents. The CII-EY FDI survey also showed that 25 percent of the respondents, who represent non-Indian HQ MNCs, view India as the first choice for future investments.

The report said more than 80 percent of all the respondents and 71 percent of the non-Indian headquartered respondents plan to make investments globally in the next 2-3 years. Moreover about 30 percent of companies are planning to invest more than $500 million. About 50 percent of the respondents see India among the top three economies or leading manufacturing destinations of the world by 2025.

According to a report by IANS, the respondents have picked market potential, skilled workforce and political stability as the top three reasons to make India their favoured destination. The other key factors which contribute to the attractiveness of India as an investment destination include cheap labour availability, policy reforms, and availability of raw materials, the report said.

“Recent reforms in the country such as corporate tax cuts, ease of doing business measures, simplification of labour laws, FDI reforms, and focus on human capital have emerged as the top drivers for fresh investments,” the report said. “Non-Indian HQ MNCs have also opined that major investment in infrastructure and 100 Smart cities as well as financial sector reforms will also help establishing India as a favourable destination for FDI,” it said.

The survey brought out some key recommendations sought by the respondents. The report said infrastructure development, faster clearances, and proper implementation of the improved labour laws and labour availability as the top three issues that the companies want the government to focus on, followed by R&D and innovation, and tax reforms. “In terms of trade policy reforms, investors would like to see a faster turnaround time for exports and imports, improved cargo handling, and trade facilitation measures to be in place”, it added.

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Business motivation

Time to Bounce Back With Inspiring Motivational Quotes

Times like this, anyone can be distorted and feel low. When everything and everyone struggling with the loss happened due to an unexpected and uninvited guest, COVID-19. As a business owner, it’s tough to keep yourself motivated, and keep your team motivated can be difficult, at times.

You feel like you are going outside your comfort zone to run a business, but you are still not much satisfied. This dissatisfaction makes you enter the fear of loss web where you fear in all your activities. Entrepreneurship can be rewarding, but you may fail, sometimes before tasting success.

So, here we came up with great motivational quotes by great people, who can motivate you, encouragement, and spark you need to keep you going when things get tough.

Let’s have a look few motivational quotes for you…

When You Are Looking at Entrepreneurship and Success

When you step into business, it’s itself a big decision to make. If you belong to non-business background, it may be tough to explain the situation, feeling you’re going through. They’re a lot of preconceived notions for all entrepreneurs, but they are all not true.

Here are the business success quotes may help you to be motivated-

“You have to see failure as the beginning and the middle, but never entertain it as an end.”-Jessica Herrin, founder, and CEO of Stella & Dot.

“I think a simple rule of business is, if you do the things that are easier first, then you can actually make a lot of progress.” Mark Zuckerberg.

“Chase the vision, not the money; the money will end up following you.”–Tony Hsieh, Zappos CEO.

At Times When You Feel Discouraged

For being successful, one needs to be courageous and persistent. Sometimes while doing your best, results are not the same as expected that should not pull you down. These inspirational quotes on business will remind you that failure and hard times are not bad, all the time. Sometimes failure teaches you a great lesson.

“It’s fine to celebrate success, but it is more important to heed the lessons of failure.” Bill Gates

“Only those who dare to fail greatly can ever achieve greatly.” – Robert F. Kennedy.

“I have not failed. I’ve just found 10,000 ways that won’t work.” – Thomas A. Edison.

For the Women in Business

Being a woman who runs the business, you face different kinds of challenges. You need not only fight for the position in the society but also the norms made only you to follow.

You have a never-ending struggle to balance work and family. You need to good role model at your home and work-life. So, we are here to come down with great inspiring quotes for all the women in the business world.

“You will be defined not just by what you achieve, but by how you survive.”- Sheryl Sandberg.

“Stay true to yourself and your vision. Don’t let anyone person’s opinion move you; listen, but be confident.” -Amanda Kahlow.

“I was once afraid of people saying ‘Who does she think she is?’ Now I have the courage to stand and say, ‘This is who I am.’” -Oprah Winfrey

Sometimes we find a source of motivation from others and sometimes motivation inside you. You just need to believe in yourself and need to bounce back with a positive mindset. Still, if you need little motivation, we have listed a few for you.

 

 

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Business motivation

Reasons To Hire A Marketing Agency That Will Help Your Business Reach Its True Potential

Every organization that is in its growing phase knows the importance of marketing the business in the best possible manner to explore future business opportunities and build a community of like-minded groups. However, there might be businesses that do not have an in-house team that specializes in marketing which ends up taking a toll on brand awareness and growth ultimately.

Sometimes new businesses are so caught up with other tasks that they lose touch with the latest trends and technologies that have been doing the rounds. This is exactly where a marketing agency comes into play. This article will help you realize the importance of a few such benefits that a marketing agency offers a business.

What Is The Role Of  A Marketing Agency?

Let’s understand what a great marketing team consists of. A great marketing team is built of members that are skilled in various areas of marketing, be it Branding and Design, Web Development, Event Marketing, Media planning, Search Engine Optimization, Influencer marketing, or email marketing. The list never ends. 

Hiring a marketing agency that offers all these services under one roof is a dream come true for any entrepreneur that wants to see their business make a name for itself. When you reach out to an agency, they will give you a gist of the strategies and plans that are tailor-made just for your business. Speaking of which, you do not have to choose everything they bring to the table rather opt for a select few that will work well in your favor.

How Does A Marketing Agency Help Your Business?

There is not just a reason or two, but several great reasons considering which you should hire yourself a full-service marketing agency, such as

The Enriching Experience And Skills

One of the very important reasons why you should consider a marketing agency is because of the unmatched talent and unparalleled experience they have in this field. A good and reputed marketing agency has a credible list of clients and projects that were made successful by their team. They will do nothing but the best to market your business in the best way.

The Flexibility

Unlike your in-house team, you don’t have to think about hiring, firing, or training resources as the scale of your operations fluctuates. A marketing agency gives you enough flexibility with regard to the resources and budgets your business can/wants to afford.

Fresh and Viable Ideas

The marketing agency will take full charge of how and in what direction the marketing strategies will go. With the help of versatile talent they have and the unmatched experience, they will provide you with free perspective and viable ideas that you could never think of.

They Will Show The Results

One of the best things about a professional team is how organized they are and rightfully so because this is what their role is; to achieve the results and quantify them skillfully with the KPIs. You will have a clear picture of what all you have achieved to date.

Trend and Tech

They are always caught up with the latest trends and technologies and can play to this strength to promote and market your business as efficiently as possible. Also, a good marketing agency is always loaded with amazing tools and software that will help speed up the process and increase the productivity

You were looking for one, we gave you five solid reasons to consider hiring a solid marketing agency that will change the game for you. Choosing the right marketing agency can help you showcase your products/services efficiently in front of your prospects. Just remember that the size of the marketing agency doesn’t matter as much as the relevance you share with them. Good luck.

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Business motivation

Cost And Worth: Know How To Make Your Coffee Business Idea Worth Investing Your Hard Earned Money In

Is it a good idea to invest your hard-earned money in the coffee business? Is it a good business to start in India? If you are also someone who is struggling to find answers to these very important questions, then we might have something for you that could help you shape up your decision whether you want to start a coffee business in India.

The Indian market is now heavily dominated by millennials who have clearly fallen in love with their beloved beverage, coffee and have made it an essential part of their daily life. Considering how deeply it has made it into the lives of people, the Coffee business is anything but a flop idea.

How To Organize Your Plan For A Successful Business Ahead?

Think about the time a coffee shop attracted you so much that you could he;p yourself but check out the place and ended up having a delicious cup of coffee. What made you enter the shop? What attracted you to that cozy small cafe rather than the coffee giant like Starbucks? The answer lies in how well that coffee shop was organized. The answer lies in how well the owner has used branding cues to make their business strategy successful. 

Coffee isn’t just a beverage, it’s a culture. It’s a culture that we millennials breathe. One might not always visit a coffee shop to drink coffee, there may be several other reasons like a small get together, meeting your friends, catching up with your loved ones. In order to encash these opportunities, always put yourself in the place of the customer and think what exactly is that you are expecting. How would you want yourself to be treated? You will have all the answers that will help you pen down a remarkable strategy that could never go wrong.

Conduct thorough research on already existing coffee shops/cafes and learn a thing or two from them. Know what are the prices that are being quoted to the customers. Please put a lot of thought into the aesthetics of your cafe to match the cozy vibes of this wonderful comfort beverage. Make a detailed plan most importantly for you to see how exactly things are going to fall into place. Give a sincere thought to your goals, financial projections, staff, resources, suppliers, execution, vision, and mission. Make a detailed floor plan for your employees as well, think as an employee of all the things you might need to run the day to day operations. If everything seems fine, you are good to go further.

How To Increase Profitability?

What should be the next goals you should focus on after launching a coffee business? Work on maximizing your profits. But the needle always sticks at “how exactly”. Worry not, we will tell you about a few things to consider to make your business not only survive but thrive. 

The funda of maximizing your profits lies in the reduced operational costs and increased revenue. NOw focus on how you can achieve it. The most effective way to increase your profit is to focus on your A grade customers as well as the frequent visitors. These belong to that chunk of the customer base that will benefit you financially as well as help you publicize your business purely through word of mouth and we all it works wonders. Secondly, take a close look at all the operational costs that your business is bearing. See what are the areas where you can work with cutting the unnecessary costs for it to add to the profit margin.

Keep a strict quality check and run a close inspection every few weeks to ensure a smooth operation and happy guests. Train your staff to be employee-friendly and teach them the importance of hospitality.

A coffee shop business is surely a viable idea to work on but the extent of his success completely depends on how far you will go to make it work. Always remember that hard work and smart strategies neither go out of fashion nor in vain. So, don’t get scared of how long the journey is, rather focus on how to make this journey worth you while with your hard work and dedication.

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Finance

Paytm Launches Same-Day Bank Settlement For Businesses That Depend on Immediate Availability of Funds; Here Are Details

Paytm (Photo Credits: Paytm website)

Bangalore, October 13: Paytm has started same-day settlement facility for all kinds of fund transfers on its payment gateway, the company said in a press note today. This settlement feature will help businesses that depend upon immediate availability of funds for their business. It includes e-commerce companies, government institutions, and all businesses involving inventories.

The feature can be accessed from Paytm Merchant Dashboard or Paytm for Business app. The minimum amount that can be transferred is Rs 50, and the maximum amount is Rs 2 lakhs in a single transfer request. The merchants will be able to define the frequencies and the funds will get transferred automatically. Frequencies can be once a day, twice a day or even three times a day.

As a norm digital payments made to a merchant is usually not settled on the same day. According to industry standard, the settlement happens after one day or two days, depending on the specific day of the week. However, payment startups have been innovating on same day settlements to encourage small merchants who need cash in their bank account daily to start accepting digital payments.

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Business motivation

Marketing A-Z: An Easy And Effective Guide On How To Build Your Marketing Business

Marketing is the name of the magic that keeps a business alive. It is the art of building a community that will later pay off in the form of potential customers. Knowing that marketing is the pulse that keeps a business going, businesses are ready to spend a hefty amount of money on the relevant campaigns. This guide will take you through all the aspects of starting a marketing business in the most practical manner.

Unfortunately, there are many out there who call themselves great marketers promising unreal deliverables. With the help of the steps below, we are trying our best to show you how you can build an extremely effective and credible marketing business from scratch.

Don’t Underestimate The Power Of Good Research

It has been rightfully said that learning and educating oneself is a lifelong process because learning could literally never stop. Some of the very successful leaders around the world will surely vouch for that. So, take it from us and start conducting a study/research on what marketing is all about. What does it have in store for you? How are your competitors performing? What could be your area of expertise? All this is very important to ponder over before you even begin to think about starting a marketing agency/business.

Find Your Grounds, Find Your Niche

The market is a very big world where one could really get lost. However, finding your niche in this big intimidating world could serve as your anchor, would boost your confidence, and will allow you to focus on a particular section of the market rather than half-heartedly pitching everyone. So, our advice would be to find which is that part of your target market that you are most comfortable with and start planning your business around it.

Keep A Close Eye On The Competition

We do not ask you to constantly spy on your competitors, but to observe them keenly to learn how they have been able to retain their position in the market. Once you start observing your competitors, you will get to know what are the strategies that they are applying in order to make it big in the world of marketing business. Narrow down your competition and learn one best strategy from the to later apply in your business or if you can give it your own spin, even better.

Build A Website & Portfolio

To be very honest, in this day and age of the digital era, it is more important than breathing to have a website of your own that screams your personality, speaks to, and attracts your prospects. Work on finding a domain name and hosting service for your website. Once it is done, showcase your best work to date in the most promising manner to earn the faith of your customers.

Let’s Talk Money

What good is a business is it does not have a good business model to back it up? Please ensure to build a viable business model according to the scale you are planning to run it at. If you are new at it working as a contractor or have smaller tasks to do, you can work charging per hour. Whereas, if it is big business, you might want to consider a flat retainer model where you will charge the client monthly.

Spread The Word

Now that everything seems to be in place and looks well taken care of, it will be the chance for social media to take the spotlight. Social Media will help you spread the word that the business has come into existence and is ready to provide its brilliant one of a kind service.

You now have an outline of how you can go about a plan to start your own marketing business/agency. Sure, you will face a few bumps here and there on the journey but they will only make you better and more experienced at what you do. Just follow these steps, and you will eventually find yourself on the other side that is successful, fulfilling, and inspiring.

Categories
Startup

Who Run The World – Women: 5 Home-Based Business Ideas For You

Running a business requires passion, motivation, and lots of initial funds for building your brand and running your company. But, the lack of money can be a reason to stop passionate entrepreneurs. Every business begins on a small scale, and your effort can build a company into a big empire.

Women play many roles in one life and always dream of achieving big. If she dreams of an entrepreneur, then nobody can stop you. In today’s environment, starting a new business can be a little easy with easy access to the internet, technology can help you establish her business quicker and easier than before.

Let’s discuss the popular business idea with women

Open a Popular Thrift store

Yes, you may call it a western culture of thrift store but, this culture is making strong grounds in our country too. Few brands like ‘The Salvage Story, Collections Reloved owned by women who are running successfully. Fast-changing fashion letting the consumer be more excited which make them turn to thrift stores for their requirement.

Social Media can play a significant role in building the brand, and a huge customer list, with this circle of friends and family, can help you certainly in growth.

Turn Newspapers into Bags

When the whole world is working hard towards the use of single-use plastic, therefore many brands and stores are moving towards more use eco- friendly bags like cloth and paper bags.

This brings the increasing demand for such options; one can always start a small-scale venture by converting your newspaper into bags and start selling them to a different store.

Start Online Tutoring

We know the internet has changed our lifestyle to the core now learning online is also a thing, then why you don’t use your talent to educate people. Video calls and online classes have an equal impact, like face-to-face classes.

This business idea only involves investment in IT infrastructure and great knowledge of classes you plan to teach.

Start a Day Care Centre

Another option for women who wish to business women, for then we have a business idea for you in which you just need to be responsible and caring towards children. We have a lot of couples who work and demand quality and good day-care service.

This idea will involve basic investment in setting up a day-care and hiring help. The Flexi loan is enough to meet the requirement for running, such as the facility.

Go Organic with Urban Farming

You have a big house or flat and have extra space in your house then you can step into urban farming which can turn out to be a profitable business idea. Herb farming is a new trend like organic farming both are witnessing a surge in demand. This farming is not limited to fruits, herbs you can start with the flowers also.

This idea can be run staying home and market with the help of social media, friends, and family. But like we said before you should have a keen interest and passion for it for making successful.

We have mentioned just a few business ideas for you, which you can run being home as well. But as we say, women can be great business leaders and innovators because they know how to manage each responsibility with great skill.