Month: January 2021

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Business motivation

5 Simple Steps to Start a Packaging Business in India

Packaging Business in India

Packaging plays a vital role in any business. It is one of the first things that capture a customer`s attention. A visually appealing packaging enhances the brand`s image and the overall purchasing experience of the customer.

Not only packaging adds up to the visual appeal of the product, but it also provides protection to goods and makes transportation easier.

According to a report by IBEF (Indian Brand Equity Foundation ), ‘the India Packaging Market was valued at USD 50.5 billion in 2019, and it is further expected to reach USD 204.81 billion by 2025, registering a CAGR of 26.7% from 2020 to 2025’.

Despite the coronavirus outbreak, the future of the packaging business is great. Hence, if you have an excellent packaging business plan, you should execute it, without a delay.

However, there is more to the packaging business than just having a plan. Here are the key steps that will guide you to start your own packaging business in India:

  1. Plan Your Business

If you have a business plan all set and ready, then great! But if not, then you need a packaging business plan. Having a well-researched business plan will help you map out the specifics of your business. It will also help to discover the challenges that you might face in the future.

  1. Pick the Right Name

Choosing the right name is extremely important. Because your business name will represent you! Hence, take the help of professionals to come up with a perfect name for your packaging business.

  1. Initial Investment

After having a business plan, it is important to estimate the total cost that you might need at the early stages of a packaging business in India. As the packaging business can also be started at home, their operation requirement is small. Hence, the initial investment might below.

  1. Find your Target Market

Finding your niche market plays a crucial role in any business, and the packaging business is no exception. Recognizing your target market and customers will help you develop a better business strategy to attract small business owners and customers.

There are lots of small business owners who are looking for creative packaging for their products. You can offer your services and help them to market and sell their products with well-designed packaging.

  1. How will you make Money in Packaging Business

Usually, a packaging design that is creative and new can help you earn handsome profits. If your packaging ideas align with the product and the brand`s image in an attractive way, you can expect various clients.

To establish a successful packaging business you need more than just a business idea. But, with proper guidance and professional insights, you can take your business to the next level.

Learn what challenges you might face in the packaging business and how to get past them. Our EAE course will help you carve a path for your success in the future. Make your future brighter, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

5 Low-Cost Business Ideas for Young Entrepreneurs to Enhance their Skills

low cost business idea
Promote Your Business Online

‘Success may come to the first movers, but success stays with the fast movers’. Starting your own business is a dream, but if you stay confused about which industry or sector you must choose, you might keep waiting for a long time.

Every business has its challenges, however, if you are determined and confident about your skills you can find amazing business ideas that are profitable in 2021.

For young entrepreneurs who are passionate about making their mark, here is a list of low-cost business ideas:

Repairing of Mobile Phones & Computers

If you are an undergraduate but have dreams of becoming an entrepreneur in India, this idea is perfect for you. If you are interested in computers, you can do simple hardware repairing certification course. It is one of the most profitable low-cost business ideas that do not require you to have any degree. You can set up a shop in your locality and start earning by repairing mobile phones & computers.

Create a YouTube Channel & do Brand Promotions

In this world of digitalization, the definition of entertainment has changed, completely. Today, young entrepreneurs are earning well by creating engaging content and promoting popular brands on their YouTube channel.

Starting a channel on YouTube is easy and hassle-free. It is a low-risk business idea, which is perfect for young entrepreneurs who are filled with unique concepts and exclusive ideas. All you need is a phone and a video editing app to create short videos that scream entertainment.

Become a Translator

Love learning new languages? Then becoming a translator is an excellent business idea for young and aspiring entrepreneurs in India. Various companies in the country are looking to expand their reach globally. They are willing to pay people who can speak foreign languages like Japanese, Chinese, German and Spanish.

So if you are interested in learning a foreign language, you can make good money from this by offering your translation services to individuals as well as companies.

Fitness Guru

Today, people are becoming health conscious more than ever. Thanks to our unhealthy lifestyle and hectic work schedules, more and more millennials are turning towards fitness trainers for good health.

If you are crazy about physical fitness, you too can become a fitness trainer. There are many certification courses available as well. You can set-up a gym and become a qualified fitness guru.

Online Tutor

With BYJU`s joining the Unicorn Club in 2020, online education has become a popular thing. If you have proficient knowledge about a certain subject, why not use it constructively? Due to the pandemic, many students are looking for a subject matter expert to help them in their studies. Becoming an online tutor is an excellent business idea that is profitable and involves no risk. Your subject knowledge can help you earn handsome money.

If 9 to 5 desk jobs do not excite you, fuel your entrepreneurial skills with our amazing business ideas. However, with proper guidance and expert knowledge, you can reach your goal quickly.

What does it take to become India`s no. 1 entrepreneur? Deep insights of great mentors who are ready to help you throughout your journey! And our Everything About Entrepreneurship course provides you exactly that. Why not connect with us for more information?

Take the first step towards your brighter future, by clicking here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

Top 3 Emerging Industries in India to start a business in 2021!

emerging industries

In the post-COVID 19 worlds, the Indian economy has clearly shown signs of recovery with emerging markets. The year 2021 is expected to be a happier fiscal year after the pandemic struck a slowdown in 2020. The country has bounced back due to the quick decision-making along with the cohesive ecosystem in which the government and the private players joined hands for spontaneous response.

According to a report published in Money Control, ‘the Indian stock market started the year of 2021 on a strong note with the additional gains of about 15% each on benchmark indices. IT, Pharma & Healthcare industries topped the charts and will retain the baton for 2021’.

As the country is advancing at a breakneck pace, here are the top 3 fastest growing industries in 2021:

  1. Pharmaceuticals & Healthcare

Due to the global pandemic, there is an unquestionable need for a stronger healthcare infrastructure. India along with other countries will now prepare for health emergencies that might again rise in the future. This makes Pharma & healthcare sector as the best industry for business.

To achieve self-sufficiency in terms of production in Chemicals and Pharmaceuticals, the Government of India also launched two schemes in July 2020 for the promotion of manufacturing of active pharmaceuticals ingredients (APIs), key starting materials (KSM), and drug intermediaries (DIs).

  1. Information Technology

India has been the hub of Information Technology for decades. One of the best industries for business, the IT sector has always been the nation`s sunshine sector. From a slow developing economy to a global player in providing world-class technological solutions, the IT sector has transformed India`s image worldwide.

According to a report by IBEF (Indian Brand Equity Foundation), IT spending in India is projected to increase by 6% to reach US$ 81.9 billion in 2021. The IT-BPM industry`s revenue is growing at 7.7% y-o-y and is estimated to reach US$ 350 billion by 2025.

  1. Electric Vehicles

In an initiative to make India an electric vehicle hub by 2030, the government has recently announced to establish the infrastructure for at least one electric vehicle charging kiosk at petrol pumps across the country.

According to a report by Avendus Capital, the electric vehicles in India could represent an INR 500 billion opportunity by 2025. Hence, the diverse areas like R&D, sales, manufacturing, driving, and servicing as well as technology will offer a lot of growing business opportunities.

Amidst the pandemic, these fastest growing industries in India will have a first-mover advantage that will lead to an ocean of growing business opportunities for those who want to make a comeback.

If you are looking for an opportunity to start your own business in one of the emerging industries, this is your golden chance. But before testing the tides, it is wise to upskill yourself with the best business skills.

It’s not important to move first, It`s important to move Fast. So, learn the changing dynamics of business from our industry experts. Get the support and guidance you need to make your business dreams a reality by joining our EAE (Everything About Entrepreneurship) course, tailor-made just for you.

To know more about how our EAE can change your life, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

3 Ideas to Keep Your Employees Engaged and Motivated

Business Guidance By Multi-millionaires On Starting-Up!
Business Guidance By Multi-millionaires On Starting-Up!

One of the valuable skills you can sharpen as a business manager or an entrepreneur is the ability to engage the people you employ. If you hire the right people and manage them well, you will have an excellent workforce that is characterised by brilliant performance and growth.

However, if employees are not happy with you, the company might have an unwelcome turnover. The business will also be in a constant state of chaos. Here are some ideas to keep your employees motivated.

Empower the Individual

Every employee deserves to be valued as an individual. No one wants to be a faceless pawn in the company. Thus, the employer should motivate every employee individually. This will encourage them to perform better and they will give their best in every assignment.

Develop a Positive Environment in the Workplace

Most of the employees spend the majority of their waking hours at the office. Hence, the workplace should be a place with a happy environment. Employees should be encouraged to share their knowledge with everyone, including managers. Employees also need to be encouraged to accept their mistakes without fear of humiliation.

Provide Supportive Leadership

Leadership is not only about giving tasks but also motivating employees. Supportive managers work closely with the employees. Good leaders serve as role models. Hence, they should also take accountability if the team does something wrong. While big wins are important, leaders should also celebrate mini-milestones of employees in their day-to-day lives.

 

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Business motivation Technology

Doing Business Online? Here Are 3 Things You Should Know About SEO

The pandemic has led to digital boost. Many businesses have turned online to sustain in the market. Nowadays, startups live and die by the clicks they get. If the website is not optimised for search, potential customers won’t find you, which will affect your business. But Search Engine Optimisation (SEO) is constantly evolving. If you are not keeping up with new rules and strategies, then you might not sustain in the online market. If you are not in a position to hire an SEO expert, then here are some tips to boost your ranking.

Invest in rich and helpful content

If you are in the online business, you must be knowing the importance of good content. When users do a web search, they are looking for someone to solve their problem- if your website does not do that then you risk losing them right away.

One way to stop users on your site is by using videos. Pages with video retain visitors longer than those without. When they click an interesting video and watch it for a minute or long then Google thinks that users are satisfied with your content. As a result, your website ranks higher.

Realise that SEO is more just than keywords

While SEO focuses on keywords and site traffic, but its more than that. SEO is about sharing high-quality content and standing out among competitors. To implement a good SEO strategy, start with your content. The site’s content should be easy to read and it should answer the questions what your audience is looking for. Also, the site should offer customer support which will encourage visitors to linger.

Aim for the sweet spot

Some SEO strategies offer short term growth. Others play the long game, building huge amounts of backlinks. The sweet spot is high search volume, low competition and low keyword difficulty. Short-tail keywords like “racing games” will have higher volume and enormous competition.

Long-tail keywords like “best racing games to play in 2021” will have less volume and less competition. You should go for one like “coolest racing games,” which has less competition but more search volume. No only good strategy will result in higher SEO performance, but you will enjoy more visibility and sales, too.

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Finance

Union Budget 2021 Should Focus More on Growth Recovery; Fiscal Deficit May Fall to 6.2 Percent in FY22, Says Report

budget 2021-2022

Mumbai, January 28: The annual Union Budget is round the corner. The Union Budget is slated to be presented on Monday, February 1, 2021 while the Economic Survey will be tabled on Friday, January 29, 2021. All eyes will be on the forthcoming Union Budget as it is expected to focus more on putting the economy back on track. According to a report by India Ratings, the focus of the budget will be to get back things to normalcy and not too much on arresting fiscal deficit, which is seen at 6.2 percent in 2021-22, down from 7 percent this year.

The Union Budget 2020-21 had estimated fiscal deficit at Rs 7.96 lakh crore or 3.5 percent of GDP but India Ratings sees it printing in at Rs 13.44 lakh crore or 7 percent if the government cleared its payables and roll over some portion of expenditure to 2021-22.

India Ratings Chief Economist Devendra Pant said that the 2021-22 budget is likely to project a fiscal deficit of 6.2 percent but that will be achievable if nominal growth comes in around 14 percent and real growth prints in at 9.5-10 percent. The study pegged growth at 9.6 per cent for 2021-22 and (-)7.8 per cent for the current financial year 2020-21.

The report said that the fiscal impact of the economic packages worked out to be about Rs 3.5 lakh, or 1.8 percent of GDP. Even without this package, Ind-Ra had estimated that FY21 will witness a revenue shortfall of Rs 60,000 crore due to aggressive estimation of revenue receipts, it added. The government adopted a lose fiscal policy due to the coronavirus pandemic and announced a number of policy measures under Atmanirbhar Bharat packages to support the economy. The report adds that as per the grant-wise expenditure trend, the report estimates revenue expenditure in 2020-21 to be Rs 26.65 lakh crore as against a Budget Estimate of Rs 26.30 lakh crore.

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Marketing

The Moms Co: How this brand is helping would-be Mothers with Toxin-free Products!

Necessity is the mother of all inventions’. And today we will unravel the success story of one such purpose-driven brand- The Moms Co. The brand which has raised $8 million (Rs 58.4 crore at the current exchange rate) in its third round of funding is riding on a wave of success. The existing investors Saama Capital and DSG Consumer Partners led the Series B round of funding.

The Moms Co. is a wellness start-up that began in 2016. Based out of Delhi, The Moms Co came into existence when the husband-wife duo Malika and Mohit Sadani had their second daughter. The couple moved to Gurgaon from London after her delivery. Malik`s struggle to find a safe, natural, and toxin-free product for her baby in India led to the birth of The Moms Co.

In today`s time, hygiene is paramount! The topmost priority of new-age parents is to keep their babies safe from diseases. No couple would want their child to open his eyes in an unhygienic environment. Also, maintaining a sanitized environment is essential for the mental and physical wellness of the expecting mother.

 

“Finding a premium quality product for my daughter that was natural, safe, and toxin-free was so difficult that I had to rely on my friends traveling from abroad to India to get my stock. On discussing the ordeal with other mothers, I soon realized others like me were also facing similar challenges. It just struck to me that no brand in India was listening to us moms and trying to resolve our requirements,” explains founder & CEO Malika Sadani.

What finally triggered her to come up with her brand is when a friend of the couple traveling from the US couldn`t get the products they had ordered due to heavy snow in Boston. That`s when the couple finally decided to do thorough research and go deeper into the supply chain. They wanted to know if high-quality products can be made in India.
It was then that she decided to take her first step towards The Moms Co. Before setting her foot as an entrepreneur, Malika, who has done her graduation from the Welingkar Institute of Management, has worked as a banker with ICICI bank. Her husband Mohit is an IIM Ahmedabad alumnus and worked with big hotshots like Mckinsey & e-commerce unicorn Snapdeal.

So what makes this brand special? Their excellent quality standards! The company`s products are developed by highly skilled experts across Australia, India & Switzerland. The ingredients used in their products are checked thoroughly against databases available around the globe.
The products then undergo stability tests to ensure that their quality and stability are intact across varied humidity and temperature conditions. Each product undergoes microbial tests to determine they are free from heavy metals, mineral oil, and microbial growth.
After going through a series of tests, the products are finally sent for dermatological evaluation to ensure they are free from any irritants. Their entire product range is certified toxin-free and deemed safe by Safe Cosmetics Australia.

At present, The Moms Co has a market size of Rs 10,000 Cr and growing exponentially at 20% annually. With most of the mothers spending time online on research and for their daily shopping needs, the brand is gradually shifting to online as well.

The Moms Co. is coming out with a wide range of products for hair, skin, pregnancy & baby care, and another 25 expected by the end of 2020. They are trying to evolve as a one-stop destination for pre-natal, post-natal, and baby care products.

Malika`s journey is an inspiration! Her motivational story can inspire people to achieve big by turning dreams into reality. But conceptualization of an idea can take more than just thorough research about the market. Know how can you expand your start-up and establish it as a brand. Visit www.badabusiness.com to join https://www.badabusiness.com/life-time-membership?ref_code=ArticlesLeads

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Motivational

Success Story: Meet Vikash Jaiswal, the mind behind India`s #1 gaming app that smashed all the records!

success story

It is not easy to be an entrepreneur. Sometimes you have an idea in your mind, but the stability of the future may deter you from pursuing that idea. Sometimes you lack the motivation and other times you are not sure whether the time is right.

But if you set your eyes on a goal and are determined to do what it takes to reach that goal, nothing is impossible. However, there is a brave lot too! People who believed in their dreams and ideas and overcome the fear of failure.

Today, we are celebrating the success story of Vikash Jaiswal who became an overnight sensation, thanks to his free online board game Ludo King. An avid online gamer, Vikash lived and breathed online video games in his teen years.

Online games are popular! But what makes them more popular is their free availability and easy accessibility. And, as the COVID-19 lockdown was imposed all across the world, a large number of people turned towards online games to kill boredom. This bunch consisted, not just avid gamers, but also regular people who were willing to play for longer durations.

Developed by Vikash, founder, and chief executive of Mumbai-based Gametion Technologies Pvt. Ltd that owns Ludo King, the game has become a lockdown favorite online board game. Vikash Jaiswal has been an avid online gamer since his childhood. Born and brought up in Patna, Vishal decided to pursue computer engineering in college.

During his hostel days, Vikash used to collect free software that came with computer magazines. He first developed the video game ‘Eggy Boy’, which was celebrated as “Game of the Month” by several magazines.

In 2010, he established Gametion with a seed amount of Rs 2 Lakh from his savings and launched Ludo King in the year 2016. The Ludo King has surpassed all the hot favorites like Candy Crush, Clash of Clans, PUBG, Temple Run, and Subway Starters in terms of monthly active users in the country.

Now in his mid-40s, Vikash is the creator of an online game that has more than 50 million daily active users around the world. The Ludo King`s monthly active users have reached 185 million.

The motivational story of Vikash Jaiswal shows if you love what you do, the success will be yours! From conception to implementation, if you want to know about the steps that can take you closer to success, visit our website www.badabusiness.com.
You can find free premium content on business training programs and entrepreneurial skills that will resolve all your queries. You can also become a member by clicking https://www.badabusiness.com/life-time-membership?ref_code=ArticlesLeads Visit us now!

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Business motivation

The Mission to Support Businesses in Their Journey From Start-up to MNCs

todays startup tomorrows mnc
Economy

India has become a hub of booming start-ups. Individuals of every sector with innovative ideas have come forward to present the market with never-before services or products that have completely transformed the lifestyle of people. The list includes names such as OYO, Ola Cabs, Swiggy, Snapdeal and BYJU’s which have become a part and parcel of everyone’s lives. These Indian start-ups have also made it difficult for many international brands to maintain their position in the market, giving them tough competition.

One similar start-up is Bada Business, which has transformed the definition of business coaching for entrepreneurs and business aspirants of the country. Aiming to provide Indian SMEs and MSMEs with business knowledge that can help them reach beyond international standards, the Founder and CEO of the organisation, Dr. Vivek Bindra has trained thousands of entrepreneurs, wantrepreneurs and students with skills to build and strengthen their businesses through various courses provided by the company. While the YouTube channel of Dr. Vivek Bindra has over 15 million subscribers and is the World’s no. 1 Entrepreneurial YouTube channel, his courses such as Everything About Entrepreneurship educate professionals with valuable business skills.

Dr. Vivek Bindra, through his training courses, aims to empower Indian Businesses to such an extent that they can transform into billionaire MNC companies and outstand international companies in the market. Everything About Entrepreneurship, one of the courses offered by the organization Bada Business, offers business lessons that help students, wantrepreneurs, and people involved in family businesses with the skills to take their business to another level through lessons provided by leaders of Xiaomi India, Kent RO, Ford, Amul among many other renowned organisations.

Another series of courses by Bada Business named Problem-Solving Courses help the businesses to get a solution for their most crucial problems such as funding, finance, HR, marketing, sales, personality development, customer relation etc.

Bada Business offers its customers with Lifetime Membership for its courses with an access to all the upcoming digital courses including Everything About Entrepreneurship and Problem-Solving Course. Its customers get a collection of over 600 business templates, tools, and strategy sheets named Aladdin ka Chirag. To know more about Lifetime membership, visit or https://www.badabusiness.com/life-time-membership?ref_code=ArticlesLeads

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Startup

Women in Business: 5 Tips for Female Entrepreneurs to Establish Successful Start-Ups

Women in Business| Representational Image (Photo Credits: Pixabay)
Women in Business| Representational Image (Photo Credits: Pixabay)

Women are increasing taking up various entrepreneurial roles with the bloom in start-up ecosystem. Not only has the female participation in the work fold has increased, women are increasingly starting their own businesses and becoming financially independent. To promote women entrepreneurship, the government has also introduced various schemes to provide financial support to their business at the entry stage as well as during growth phases. The wave female entrepreneurship  is not restricted to urban areas only, more and more rural women are starting their businesses.5 Habits of Highly Successful Leaders and Entrepreneurs.

From idea generation to establishment and running of business operations, women all over the country are single handedly driving their start-ups to growth and success. Here are some tips for women entrepreneurs to be successful in business :

Know Your Business 

Before starting the business, the women entrepreneurs should gain proper and adequate knowledge about the nature of business, market conditions, nature of products and services offered, strategies of competitors, consumers’ tastes and preferences and choose the most profitable positions for the product. Awareness and clarity on different aspects of markets help to boost confidence of the entrepreneurs.

Be Decisive 

Another important characteristic a woman in business needs to have is decision making. As an entrepreneur, women face various challenges, both business related as well as socially constructed. She needs to be upfront with all the difficulties and follow her heart. Woman entrepreneurs need to be highly decisive, trust their decision making process and stand by it. Top 21 Books That Every Entrepreneur Should Read In 2021.

Networking 

To grow in business, support and collaboration is important. This is even more important for women who are new to entrepreneurship as in most cases they lac support from their immediate surroundings. Connecting with already established and successful business women strengthens young female entrepreneur psychologically and provide much needed motivation and guidance.

Seek Feedback 

Feedback and reviews from customers help in understanding the market better and making necessary changes. Entrepreneurs should read reviews, find articles about their business, and interview their customers. They need to pay particular attention to negative reviews and ask people specifically what they wish they were getting out of the product or service they’re using from your competition.

Be Positive and Believe in Yourself

Businesses take time to establish and experience success. It is a long process. There are certain bottlenecks take keep popping up in the journey. However, a women entrepreneur should never be afraid of failure and always remain positive. She needs to trust herself and have full faith in their dreams to becoming a successful businesswoman.

Women are regularly scaling newer heights in all aspects of life. In business as well, various female entrepreneurs have proven their immense worth while many others are on their way to success. Self belief and determination with adequate knowledge are the key to success.