Month: February 2021

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Business motivation

The Simple Trick To Gain Profits In Stock Market

It is important to get into the depths of the market to reach the heights of the market. This is a very important step before taking a step towards investing in the stock market. The stock market is like the game of snakes and ladders, where you may get good shares in form of ladders that may help you to get great profits or even bite you into the downfall of losses like snakes. What sets the stock market apart from the game is that while luck is only what lets you proceed with the game, you can gain high profits by understanding the market if you are planning to invest in the stock market.

When you visit a grocery store or a vendor, you may get vegetables at different costs at different times. Sometimes you get groceries at a cheap rate but you later find out that it is not of good quality. Sometimes, you may buy expensive vegetables expecting good quality, but end up being fooled by the street vendor. To get good quality vegetables at a fair price, you need to know the vegetables like how to check their quality and the current ongoing price. Similarly, you also need to know the shares you are investing in before you proceed in the investment, such as the increase and decrease in price and demand of the shares. Just like you bargain with a grocery vendor, you can bargain with your shares on when you want to buy them i.e., at what point in time.

People generally make the mistake of taking tips from advisors, friends, or family before investing in stocks of a particular company. Dr. Vivek Bindra, an Internationally acclaimed business coach suggests people leave the shares in restaurants. To understand which companies can one invest in, they can check Nifty 50, a list of the top 50 companies in India. Nifty offers investors a price earning ratio (PE) i.e., a comparison between how much they will invest and how much they will earn by investing in a particular company. One is also advised to check the ratio for the entire share market. The PE ranges between 11 and 30, 10 being the lowest in the market trends and 30 being the highest. One can invest his money when PE is around 11, for example, to get high profits when the shares see a high rise. Moreover, one should avoid investing when PE is between 25-30, as the chances of shares increasing are very low and one may end up being at a loss.

There is a lack of knowledge about the stock market amongst the Indians, due to which only 4% invested in it, whereas about 50% of people in America invest in stocks. If you are interested in investing in the stock market and want to learn more about it, you can join the “Stock Market” Problem Solving Courses which gives you complete guidance about what the stock market is, and how you can get great profits by investing in it. To know more or to register, visit https://www.badabusiness.com/psc?ref_code=ArticlesLeads

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Business motivation

4 Top Business Tips for Kirana Store Owners to Increase their Profits

dhanlaxmi kirana store

A kirana store is the backbone of the Indian grocery market and has proved extremely beneficial during the pandemic. A kirana store is like a departmental store that caters to the need of the daily essentials of people. A kirana store is mostly present in every corner of the street.

During a pandemic when almost every business was struggling for its survival, kirana stores saved the day by maintaining a near-steady supply of daily essentials. Not only it has displayed the significance of these stores across the country, but also encouraged the trust of customers to post the lockdown period.

According to The Hindu, there are around 12 million neighborhood kirana stores that dominate the domestic grocery retailing landscape of India with a 90% market share. During the pandemic, they have emerged as heroes, with people depending on them to procure daily essentials.

Kirana stores will remain evergreen as most of the people in India still rely on their local grocery stores for essential needs.

So, if you are planning to open a Kirana store, or already have one, 2021 can open a store of opportunities for you. Here is a list of 5 business mantras for the Kirana shop owners that will help to increase profits:

  1. Go Digital, Go Online

Though the lockdown restrictions are lifted, people are still unsure about going on. Almost everyone prefers digital transactions as they do not want to expose themselves to the virus. Today, when everything is available online, taking your kirana store online can be profitable.

The online Kirana store is not a new concept. Many kirana store owners have started selling their products online. Taking their kirana store online provides a wide exposure and helps to boost sales as it allows customers to place orders remotely.

  1. Operate on Weekends

Most of the kirana stores remain closed on weekends. This is a perfect opportunity for you to attract customers and improve your sales. While other shopkeepers would be busy sleeping or enjoying their weekends, you can boost your sales.

  1. Design a Website

To gain more customers, you can also list your Kirana store on various online shopping websites like Amazon and Flipkart. You can easily register your store online, and if anyone purchases a product, you can parcel the same to them.

Apart from listing yourself with giant sellers like Amazon, you can also create a website online. This will give your regular customers the convenience of ordering from the comfort of your home.

  1. Improve Customer Engagement

Customer engagement is the key to higher sales. And, building a relationship with customers ensures that they do not go to your market competitors. Talk to your customers nicely, and give them a unique experience so that they come to only your shop. You can also offer discounts on various products, as it is the best way to attract customers.

Understanding your customers is important in any business. If you are the owner of a kirana store the above-mentioned tips will help you to boost sales. You can also upgrade your kirana store into a departmental store with zero to low investment with our Everything about Entrepreneurship course.

Learn brilliant business strategies that are used by popular brands to increase their sales. Want to know more about this course? Click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

4 Key Trends that will Bring Small Businesses back on the path of Recovery in 2021

small business trends

The COVID 19 pandemic has forced many startups and small enterprises to shut down. According to a report published in Financial Express, ‘around 74% small businesses and startups in the country were at the brink of shutting down or scaling down of their operations due to the impact of the Covid-19 pandemic’.

The coronavirus breakdown and the subsequent lockdown by the government last year have hit small businesses hard.

However, with the onset of 2021, things have begun to look up. Despite 2020, being a nightmare in terms of changes and challenges, the year 2021 has shown a glimpse of hope for small businesses. The startups and small business owners are working hard to get back on track for 2021.

Embracing the new normal with persistence can open a doorway to post COVID recovery. From the changed consumer behavior to innovative online models, here is a list of trends that every entrepreneur, solopreneur, and small business owner must monitor:

Digital Adoption

The pandemic has set new rules for businesses. From large organizations to small companies, everyone has realized the power of digitalization in the crisis.

According to a report by Forbes, people are spending time online more than ever before, and internet usage is increased by 50-70 percent. With new social distancing rules and the fear of COVID 19, consumers are inclining towards digital transactions.

Many businesses have witnessed an increase in online orders and hence, revamping their models to find different mediums to connect with their customers. The adoption of digitalization will be the key to unlock a brighter future.

Government Initiatives

Small businesses have always been a hub for job creation. Government initiatives like Start-up India, Make in India, and Vocal for Local have benefitted the existing small businesses as well as the budding Indian entrepreneurs.

The Government can announce various other schemes to enable small business owners to sustain themselves in these challenging times. Such government initiatives can give small businesses a ray of hope to grow and revive themselves.

New Age Marketing Tools

Not only adopting modern digital tools and processes, but small business owners also need to learn the newer ways to reach new and existing customers. The world of the internet offers businesses to break away from the traditional barriers of location and time to engage customers. Every business owner should use this to shape their online presence and grow their customer base.

Discovering New Verticals

To stay abreast with the ‘new normal’, creative ideas that can help to discover the untapped verticals are the need of the hour. According to a NASSCOM study, ‘three-fourth of B2B startups are now developing new & innovative products’. Many small businesses pivot to new directions such as education, and technology services.

The chaos in the business world may simmer down in 2021, but the Indian startup ecosystem will continue to experience its effects for some more time.

Businesses are facing a lot of challenges due to the changed consumer behavior and the pandemic. If you too want to take your business to new heights, get all your business challenges solved with our ‘Problem Solving Courses’. From finance to HR, Digital Marketing to IT & Sales, find creative solutions to prominent business problems easily. Click here to know how these courses will benefit you: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

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Business motivation

From Apparel Designer to Executive Director, How Priyanka Chirugapati Carried Forward Her Family Business

priyanka

Life often takes channels completely different from what one plans. Priyanka Chirugapati was also interested in fashion interested as she pursued an associate degree in applied science (fashion marketing) at Parsons, the New School of Design after graduating with a bachelor’s of science in business management from Case Western Reserve University in Cleveland, Ohio. She also went forward pursuing the career of her dreams as she designed Western and Indo-Western apparel for women and selling them through an e-commerce platform.
Entrepreneurship was in Priyanka’s blood, but she rather joined her family business related to pharmacy and is playing the role of a leader in the organization in the present. She joined her family business named Granules India in 2012, a Hyderabad and US-based pharmaceutical company that focuses on R&D, with some of its primary products being Pharmaceutical Formulation Intermediates (PFIs), Active Pharmaceutical Ingredients (APIs), and Finished Dosages (FDs).

Priyanka joined the organization as a good listener and learner which allowed her to think more openly towards the growth of the company. She gradually brought the company’s focus on the domain of manufacturing in the US. Priyanka was responsible for the over-the-counter division in the US as a Product Manager, which was challenging as the company was not working the depths of R&D. She thus changed the entire portfolio of the company and was designated as Executive Director of Granules Pharmaceuticals Inc. (GPI) after two years. The company entered the market of generic medicines when there were already competitors present, but it still succeeded to such as extent that the market constitutes 50% of the organization’s total revenue.

Priyanka faced the biggest challenge in form of setting up a front-end division for Rx business, which she turned out to be the greatest achievement of the organization along with for herself. It is always inspiring how leaders of renowned organizations turn their challenges into accomplishments. Many such leaders share their strategies and operations behind their success in the Everything About Entrepreneurship course by Bada Business, where aspiring businessmen and future leaders can learn the best business skills from leaders of organizations such as Kent RO, Dr. Lal Path Labs, and Xiaomi India. To know more or register, visit https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

A Start-Up That Sold 25 Lakh Samosas To Build Its Business

Samosa is an Indian tea-snack that is loved by people across the country and can be found in different flavors in various regions. India Exports samosas to 140+ countries and the snack itself build for a market worth 42 lakh crore rupees. While one might be surprised at why they are getting to read about the snack at a platform catering business knowledge, this article is about a duo in Bengaluru who sold 25 lac samosas to build their start-up.

Samosa Party, a start-up started by Amit Nanwani and Dikhsha Pandey in 2017 in Bengaluru with an aim to make samosas to be available at the click of a button, anywhere around India is about to complete its fourth year in a journey to onward and upward growth. The start-up serves samosas in 20 flavors, along with giving unique transformations to it with fusions such as Dahi samosa chat and samosa burger added to its menu.

Talking of Samosa’s Party operations behind having 78% repeated customers, the start-up is combining technology and flavors. They are filling the gap between demand and supply by bringing over 20 lakh samosa vendors across streets online. While Amit Nanwani handles product, technology, and growth, Diksha manages overseas operations, people, and customer experience. The start-up has 11 outlets across Bengaluru and plans to go to Dubai, Asia, and other western markets.

Samosa Party grew five times of its first year of operation. Aiming to be available within a 3-kilometer radius in every city, the start-up is funded by Inflection point ventures, which is its primary investor. The start-up continued to deliver 100% of pre-covid volumes during the corona lockdown period. Despite facing a slight downfall in sales in the month of March 2020, Samosa Party sold 5 lakh + samosas during the corona period.

It is always inspiring to find start-ups with innovative ideas growing and making their own mark in the market. If you too have a unique start-up idea that you want to pursue to build a well-established business, the Problem Solving Course named How To Start A Start-Up by Bada Business educated you to turn your business idea into a leading organization. To know more about the course or to register, visit https://www.badabusiness.com/psc?ref_code=ArticlesLeads

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Marketing

3 Marketing Techniques for Start-Up to Follow During Initial Business Stages

Online Business| Representational Image (Photo Credits: Pixabay)
Business| Representational Image (Photo Credits: Pixabay)

In the recent years, many start-ups have emerged in the country in several industries. The start-up ecosystem is blooming with more and more businesses being established and people taking to entrepreneurship. However, many of these businesses do not last for more than a couple of hours owing to the existing competition. As for start-ups a wide reach and customers’ recognisation is important which depends on its public communication techniques. Sales promotion, publicity, advertising, personal selling are all the part of marketing mix. A judicious use of all these, ensure an effective customer reach to the firm. 4 Startup Ideas That Housewives and Moms at Home Can Consider and Earn a Good Amount.

Here are 3 Effective Marketing Techniques Start-Ups Should Follow : 

Collaboration with Influencers

One of the easiest way to have an effective reach for the start-up is to collaborate with the influencers. People share a personal trust and connect with the social media influencers, if they promote or use the firm’s product their followers are bond to look up for the same. Hence, it helps in drawing customers’ attention towards the start-up and winning their trust.

Offer a Free or Trial Version of the Product

Another way to attract customers at the early stage of the business is by offering free or trial version of the product or service which the start-up is bringing to the market. People tend to be drawn towards free offers and take up the product. It has been proven to be a highly successful for start-up and even for established businesses who are launching new products or services. 3 Small Business Trends that will Emerge in 2021!

E-Mail Marketing

For a start up to be successful, it needs to develop a connect with the potential customer. E-mail marketing is one of the best and cost effective option a firm has to establish the connect with the public. By sending personalised mails to the customers, a firm draws their attention towards itself, its products and services.

Right from entering the market to position itself among the competitors, a firm needs to follow a comprehensive and well researched marketing plan. It helps the business to establish itself and flourish. It also helps in acquiring new customers as well as retaining the old ones.

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Startup

4 Startup Ideas That Housewives and Moms at Home Can Consider and Earn a Good Amount

Startup Ideas for Housewives (Photo Credits: Pexels)

Work from home businesses are really a blessing for housewives and stay-at-home moms. These businesses can be started easily with low investment and most importantly, require less time as compared to a routine 9-5 job. Apart from housewives and moms, if anyone is unable to commute to work or you are facing other constraint that prevents you from finding a full-time job, don’t waste your earning potential.

The world is full of opportunities, all you need to do is just surf online for things that you are interested in. Housewives and moms can take up these options and spend more time with their family and side by side they can earn a good amount too.

Here are a few options you can consider.

Makeup artist or open a Beauty Parlour

If you are really fond of makeup and you have a good knowledge of cosmetics, this can prove really a blessing for housewives and home moms. This can be one of the profitable home business as the craze for makeup will never fade, come what may! All you need to do it get a specialized beautician training. There are many training institutes that might be available in your area, which can impart with crash course.

Selling Home-made Foods

If you have been passionate about cooking and giving the taste buds a good treat, selling the homemade delicacies will fetch you a great deal of money. While some prefer junk, majority of the working class today prefer homemade food. You can try your hands on selling home-made foods and earn a good amount by just sitting at home. Let your cooking skills do the job!

Translating

Working as a translator or an interpreter seems like one of the best jobs for people wanting to work from home. With the high number of online jobs available and taking into consideration the market growth, this can help you earn based on how skilled you are and what languages you know. There is a thin line between translators and interpreters. The latter translates verbally in real time from one language to another. Being a good translator is basically working from a foreign language they speak fluently and translating back in to the local language, regional language or mother tongue. Translators are different from interpreters, as the latter translates verbally in real time from one language to another.

Teaching: Online or Offline

If you are good in handling kids and have always been wishing to put your teaching skills into practice but haven’t had a chance, here is the opportunity coming knocking your way! If you have your expertise in any subject, this can be the best option that housewives and home moms can try. You can pick the subject that interests you and you have knowledge about and start teaching kids of lower grades. You can also take up home tuitions if you are not comfortable in online classes.

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Business motivation

How to Open your Dance Studio in 6 Simple Steps

dance studio business
pic from wellnessliving

Are you passionate about dance? Do you want to start your dance studio? If the answer is yes, then read this blog to know how you can start your dance studio with low investment.

Dance has been a significant part of our lives. It is the most sublime expression of the soul. It holds a traditional significance in the Indian culture. Dance is a unique art that involves distinct body movements, usually rhythmic and aligned with the music. Performed in many different cultures, it is a form of expression that is exercised in multiple forms and ways.

Starting your dance academy seems daunting at first. But, if you are passionate about this form of art and want to share it with the world, opening a dance studio is a wonderful idea.

To make the entire process easy for you, we have come up with a step-by-step guide that will ensure you do not miss out on anything important:

  1. Create a Business Plan

Whether you are planning to open a food business or a dance studio, every business idea needs an excellent business plan. Build a business plan by keeping every aspect of the dance studio business in mind. Researching the dance industry, its scope, and how much it is expected to grow in the future will help you create a business plan.

  1. Decide on a Budget

The most important aspect of setting up any business is capital. So, it is very important to decide on a budget before planning any further. From the rent of the space, interiors, utilities to the salary of the staff that you will hire, you need to be well aware of how much you can spend on the distinct elements of owning your dance studio.

  1. Geographic Location

Depending upon the clientele you want to attract, you will have to choose a place for a dance studio. Always ensure that space which you are planning to rent is on the main road. This will provide visibility to your dance studio. One of the other benefits of having a dance academy located on the main road is more clientele. Do not forget to keep your budget in mind while selecting a place.

  1. Identify your market niche

From Hip-hop to salsa, Jazz to Indian classical, there are multiple niches that you can offer at your dance academy. Each niche will cater to different types of clients. If you want to teach kids then pick a family-friendly neighborhood. If you would like to attract young clients, then select a place which is closer to universities or schools.

 

  1. Give your Business a Catchy Name

Picking a name for a business seems simple; however, an appealing name can attract clients in large numbers. Select a name that represents you and your vision of the studio.

  1. Create a Buzz for your Brand

Once you have attracted clients, your dance academy will become popular by word-of-mouth. However, when in the initial stage, you will need to think about an effective marketing strategy. Use social media platforms to update your followers about your upcoming dance studio. This can help you create a buzz and to reach out to your potential clients.

Many people are looking for a dance instructor who can teach this substantial form of art. If you want to become a dance instructor, opening or joining a dance academy can help you earn a good income.

Whether you want to start a dance academy or already have one, you will need a growth plan. With our Everything about Entrepreneurship course, you can find valuable lessons and strategies that will help you take your business ahead. To know more, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Startup

Bioprime Agrisolutions Pvt Ltd Bags FICCI Best Agri Start-Up Award 2021

Bioprime Agrisolutions (Photo Credits: Twitter/bioprimeagri)
Bioprime Agrisolutions (Photo Credits: Twitter/bioprimeagri)

Bioprime Agrisolutions Pvt Limited, a Pune-based agriculture start-up has won the Best Agri Start-Up (Industry Partnership) Award presented by Federation of Indian Chambers of Commerce and Industry (FICCI) for 2021. The winners for this year awards were announced on Wednesday in New Delhi. It was founded in 2016 in Venture Centre, under CSIR-National Chemical Laboratory. As per their official website, the start-up aims at providing relief to farmers worldwide, struggling with crop loss, temperature fluctuations, drought, resilient insects and diseases. Bioprime Agrisolutions is developing effective and affordable next generation Agri biologicals with time-proven biomolecules, life-friendly chemistry, smart material and energy use.

Its mission is to create innovative and disruptive next-generation Agri Biological technology platforms, in order to help the farmers fight the climate change, and help in increasing the field’s yield in order to enhance farming revenues. ” Our endeavor is to be leader in the agricultural industry, reforming and revolutionizing the industry by developing, promoting and providing Innovative and Sustainable farming solutions,” the start-up says. Startup India Scheme: 69 Startups Registered in J&K With an Aim To Enable Startup Ecosystem and Foster Innovation in the Region.

The start-up is currently working with farmers from Pune, Satara and Nashik districts and have collaborated with several peasants from the states of Jharkhand, Tamil Nadu, Uttar Pradesh and Telangana as well. As per reports, the solutions developed by the Bioprime Agrisolutions Pvt Limited have been beneficial in avoiding crop losses owing to untimely rain and other climatic events by 70 per cent. National Startup Awards 2021: A Great Opportunity for Young Entrepreneurs to get Recognition & Why Should you apply?

Its research and development activities has been supported and acknowledged by the Ministry of Science and Technology. The start-up has so far launched three products across ten states in India. It has also been recognised as DIPP start-up with intra-ministerial approval. Bioprime Agrisolutions Pvt Limited is a recipient of LEAP funds from BIRAC and also winners of a grant supported by Atal New India Challenge under Atal Innovation Mission.

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Business motivation

3 Small Business Trends that will Emerge in 2021!

small business trends 2021

India has a robust ecosystem of startups with around six crore MSMEs. According to a GoDaddy Global Entrepreneurship Survey 2019, entrepreneurs in India were optimistic about their business expanding globally by at least 50 percent in the next 3 to 5 years.

However, with the pandemic-induced chaos and breakdowns unleashed by the COVID 19, the future seems daunting. According to the State of Small Business report, ’51% of operational SMBs on Facebook India reported they were making at least a quarter of their sales digitally. The numbers mentioned here are substantial considering that there are around 60 million small businesses across India’.

As most of the small businesses are moving towards digitalization, we can expect a stronger, greater, and rapidly growing economy. However, some trends are likely to emerge in 2021. Here is a list of key small business trends that we are likely to see this year:

  1. Small Business will move Online

The trend of online-purchasing is going to strengthen in this pandemic-stricken world. According to a joint report by Boston Consulting Group (BCG) and Facebook, the digitally influenced purchases had increased up to 15-20% for key categories in urban consumers within three months after the pandemic hit the world.

  1. Businesses in Tier II & III cities will Embrace Digitalization

The digitalization process that became a rage especially during the pandemic has made small business owners from small towns and cities realize its importance. Small business owners have finally realized the power of digital acceleration.

From Instagram to Facebook, young entrepreneurs are now using these social media platforms to reach new and potential customers across India.

  1. A Stronger Small Business Ecosystem

How White Hat Jr. became a $300 million company in just 10 months? Apart from their innovative approach and scalable ideas, a large part of their growth came from advertising on Facebook and Instagram.

India has a growing startup ecosystem, a large population of internet users, and a strong entrepreneurial zeal that is getting powered up by digitalization.

The year 2021 has not just taught us some invaluable business lessons but has also carved a pathway that will lead us to recovery. Want to know how you too can contribute to economic growth? Simply by bringing innovative concepts and creative solutions to your target market.

Join our Everything about Entrepreneurship course to know how exactly you can grow your business despite the pandemic with the help of massive digital acceleration. To know more about the course, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads