Month: June 2022

Categories
Business motivation Startup

A Complete Step-By-Step Guide To Start A Small Business In 2022

A Complete Step-By-Step Guide To Start A Small Business In 2022
A Complete Step-By-Step Guide To Start A Small Business In 2022

Summary: Starting a business sounds exciting but do you have enough knowledge to build one from scratch?

Nothing excites me as much as the idea of becoming my boss. Apart from having multiple coffee breaks and the flexibility of working at my own pace, it motivates me to work hard and chase my dreams. Every decision that I make will bring me closer to my business goals. However, there is only one hurdle, how to start a small business? Should I take help from a business motivational speaker, or should I work along with a corporate trainer?

Most young entrepreneurs often have these questions while thinking about turning their ideas into a beautiful reality. Starting a business sounds exciting, but how and where to begin?

There are many different approaches. For instance, you can enroll in a business coaching program or get help from a mentor. But what are the exact SOPs that one should follow?

To know the answer, follow this step-by-step guide that will help you to understand the exact SOPs required to start your small business.

1. Refine Your Business idea

If you are thinking about starting your venture, you might already have an idea in your mind. Whether product-related or service-related, do a quick search about existing companies in your industry. Learn about your competitors and brand leaders and figure out which unique features or products they are offering their customers or where they are lacking. You can turn these gaps into opportunities.

Also, find out your USPs. This will help you to stand out. Define your ‘why.’ If you want to be an entrepreneur but do not want to start from scratch, you can also consider taking a franchise.

But what are the factors one should consider while taking a franchise? You can watch this incredibly informative video by Dr.Vivek Bindra here:

2. Know Your Competitors Well

Most entrepreneurs spend more time creating their products (which is good) than they often do to know their competitors well. If you will go to investors, the first thing that they would like to know is what sets you apart from your competition.

Knowing your competitors is as important as knowing your target audience. You can conduct a SWOT analysis for your competitors. It will give you more clarity on what is working in the market. You can also take help from a motivational speaker.

3. Create Your Business Plan

A business map is like a road map that will help you visualize your journey and spot potential problems. This document makes it simple for financial institutions, potential investors, and company management to understand your business. Your business map should include an executive summary, market analysis, organizational structure, products & services, mission & goals, company’s background, financial and marketing plan. You can also work with a business motivational speaker to develop your business plan.

4. Assess Your Finances 

Finance is a significant factor that one should consider before starting a small business. Do you have the means to start your small business, or would you take a loan? If you are planning to leave your job to focus on your startup venture, do you think you have enough money to support yourself until you make a profit? Only 5% of startups survive after five years. Most startups fail because of lack of funds. Hence, it is essential to perform a break-even analysis.

Once you have figured it out, it is time to consider your funding options. There are multiple options, from business loans to government schemes, crowd-funding to fundraising through investors and business grants.

5. Determine Your Legal Business Structure

Before registering your company, you need to decide what kind of entity your business is. A business structure legally affects everything from how you file your taxes to your liability if something unfortunate happens. There are four types of business structure:

i). Sole Proprietorship

ii). Partnership

iii). Corporation

iv). Limited Liability Company

6. Register Your Business

Once you have decided about your business structure and name, it is time to register your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government and maybe your state government as well.

7. Apply for Licenses & permits

By staying legally compliant, you can keep your business running smoothly. The licenses and permits you need for your business will vary depending on your industry, sector, state, location, and other factors.

8. Open a Business Account

Set up one business account to handle legal, tax, and day-to-day issues. Keep all the required registration and paperwork ready.

Starting a business requires lots of planning, finance, and completion of a series of legal activities.

Hence, if you want to start a business, you can take help from a business motivational speaker.

The idea of managing a business is more straightforward said than done, and we 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 with foundation courses, specialized courses, and value-added courses.

Categories
Webinar

Host Successful Webinars With These 5 Simple Steps

Host Successful Webinars With These 5 Simple Steps
Host Successful Webinars With These 5 Simple Steps

If you are an entrepreneur with an e-commerce business, you must have experienced the highs and lows of hosting a webinar. After all, improving your attendance rates can result in higher sales than any other conversion strategy.

However, it is also one of the most dangerous places where you can lose the most potential buyers in a campaign.

The consumption of social media content has spiked up during the pandemic and as the trend evolved, more and more marketers began to take the advantage of it. Many motivational speakers in India are making the most of this trend.

Webinars are one of the most effective ways to hook in new leads. It helps brands to change with the rapidly changing consumer behavior and market trends. A potential buyer will buy your product or sign up for your service because it will help them.

Here are 5 tips to cut through the noise and attract a large audience to your webinar:

1. Find Out Your Customer’s Biggest Challenge

  • Ask your potential customers and existing & potential clients about their current challenges, frustrations, and desires.
  • Post questions on Facebook and read the comments.
  • Find out why consumers will choose your brand and not your competitors.

2. Pick an Appealing Topic

Which topic according to you will attract more audience?

a). How to purchase our product?

or

b). Make your business easier through new strategies?

If you pick ‘option B’ then you are right. Why? The second option promises a benefit that will help your customers to run their business operations, smoothly. Research well!

If you test different topics for your webinar, you will find that an interesting, engaging, timely, and educational webinar will pull more audience. Your presentation should be ‘customer-centric and solution-oriented’. This will give participants practical ways to solve the challenges they are facing currently.

The topic should also obviously include the real goal of lead generation, product launching, and educating your audience.

3. Find your Target Niche

It is extremely necessary to search out forums, mail groups, chat rooms, or any other social media platform to find out your target audience.

If you are selling a sports product, it would be pointless to market a webinar to those who are more interested in business courses. Once you find a topic of interest, create a follow-up plan, and make a strategy to build your event marketing plan from there.

4. Be okay with Fluctuating Attendance Expectations

Sometimes we overestimate the numbers and find it demotivating to see the actual number of people who attend the webinar. Expect a show rate of only 30% of those who have registered for a free webinar.

If your numbers are below that then make sure that you are sending day-of and 24 hours reminders via email. Send invitations to more prospects multiple times to remind them about your free webinar.

5. Use Polls

The best way to increase engagement in your webinar is to ask your audience to participate in your webinar. If you have ever attended a webinar on one of the leading platforms, you must have noticed that they allow you to pre-load interactive polling questions. Many motivational speakers in India use polls to know what their audience is curious about.

You can capture the attention of your audience by asking questions related to the webinar. Ask things like:

  • What interests you most about the webinar?
  • What are the immediate challenges you are facing?
  • Would you like to boost your sales?
  • Would you like more information on our latest product or services?

The type of questions that we have mentioned above will not only attract the audience to your webinar but also give them ‘food-for-thought and keep them hooked for your next webinar.

Have your attendees try, buy and contact you for more information on your products or inquired about the next webinar. Also, offer them a limited-time offer for the webinar to create urgency and hype around it. If you are doing an educational webinar, tell your attendees to stay on for more information.

And last, but far away from least- Be Enthusiastic and talk in a more connecting way! Motivate your participants and engage them in conversation. Want to know more about marketing strategies? Join our Business Coaching Program. To know more, visit: www.badabusiness.com .

Categories
Finance

5 Simple Tips For Youngsters To Gain Financial Security

5 Simple Tips For Youngsters To Gain Financial Security
5 Simple Tips For Youngsters To Gain Financial Security

Whether it’s a tropical beach holiday or having the home of your dreams, every individual has a different financial future. While some would want to pursue higher education, others might be planning for their retirement plans. Nevertheless, financial security is very important for everyone to lead a life that is free of stress, fear of uncertainties, and anxiety.

Though the definition of financial security varies from person to person, its significance is undeniable. Reaching a stage where you have no worries regarding your financial condition is liberating. So, why not plan for a better tomorrow starting today?

Here are five tips given below through which you can attain financial security in your life.

1. Starting As Early As Possible

We have found that the early bird gets the worm. We all have heard about this adage, and we couldn’t agree more with its implication. When you start saving early, you can expect to save a significant amount of money to support and fund your future dreams.

Committing a certain amount of your salary every month will help you build up those savings in such a way that it will quickly become a habit. If you haven’t started yet, you can start saving at any age. You can decide on whatever amount you wish and can start saving now! Any amount you start putting in today will take you a long way into your retirement.

If you don’t feel motivated enough but have goals, you can take help from a business motivational speaker.

2. Consider Savings Deposits as a Bill

Considering inflation and lifestyle indulgences, people often find it difficult to save every month. However, the truth is that no matter how much you think it is difficult, once you start saving, you will recognize that despite a certain amount deducted every month, it is very easy to continue with your current lifestyle.

To ensure that you don’t give in to other temptations and skip your monthly saving amount, you can get it automatically debited from your account.

3. Use a Tax-Deferred Account

If you are an impulsive buyer, then using a tax-deferred account will be beneficial for you. A tax-deferred account deters you from spending those amounts on impulse because you are likely to face penalties and other tax consequences.

For example, any amount distributed from a traditional retirement account is subject to income taxes in the year in which the distribution occurs, and if you are under age 59½ when the distribution occurs, the amount could be subject to a 10% early distribution penalty.

If you have enough income, you can consider whether you can increase the monthly amount you have decided to invest. Never invest more than you can afford!

4. Diversify your portfolio

One should never put all the eggs in one basket. No matter how old this adage is, it still holds for retirement assets. Putting all your funds into one form of investment increases the risk of losing all your investments. Hence, invest in different schemes to minimize the risk of losing your money.

Asset allocation is one of the most important parts of your retirement assets. Before making investments, keep factors like your age, risk tolerance, and financial goals in mind.

In our masterclass, you will find out the best ways to diversify your portfolio with the best motivational speakers in India.

5. Keep a close eye on your budget

A budget is not a concept that remains fixed once decided. With time and requirements, it keeps changing. There will be plenty of times when you will need to reassess your expenses and fit them into your income. You might also find that you have fewer expenses than you had before. If you have finished paying your EMIs, it can suddenly free up your income. You can invest this money into other investment plans that you may have in the future, like health care plans.

You can learn excellent tips to manage your finances from the best motivational speaker in India—Dr Vivek Bindra.

If your business is buried under a high amount of credit due to bad financial management, you can meet Dr Vivek Bindra, the most successful business coach 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. Visit for more information:  https://www.badabusiness.com/.

Categories
Startup

Zomato-Blinkit Deal: Here is everything you should know!

Zomato-Blinkit Deal Here is everything you should know!
Zomato-Blinkit Deal Here is everything you should know!

After approval of the proposed acquisition, food delivery application Zomato plans to start integrating Blinkit on multiple fronts. On June 24, 2022, Zomato announced that its board had approved the acquisition of quick commerce company Blinkit for INR 4,447 crore.

According to the terms of the agreement, Blinkit shareholders will get a cumulative stake of 6.88 percent in Zomato, and the target company’s leadership team, including co-founder and CEO Albinder Dhindsa, will continue to hold their positions in the company.

The move comes at a time when Zomato is gearing up for 10-minute delivery. It has been said that “Zomato Instant” is already on track in Gurugram along with dark stores and how they will help Zomato in its 10-minute delivery plan.

A dark store is a micro-fulfillment center for online orders. It is a retail distribution warehouse or center that is specifically dedicated to those who shop online. A dark store acts as a lifeline for quick commerce platforms like Blinkit and Swiggy Instamart that promise to deliver groceries to customers within 15 to 20 minutes.

Blinkit has visibility into inventory owned by third-party distributors and retailers that stock about 4,000 stock-keeping units (SKUs) across a variety of product categories in a network of warehouses and distributed dark stores. Even after shutting down several dark stores in the recent past to cut losses, Blinkit still has about 400 such stores as of May 2022.

Zomato’s founder and CEO, Deepinder Goyal, said in a blog post announcing the deal, “Quick commerce has been our stated strategic priority since the last one year.” He says quick commerce’s close synergies with Zomato’s core food business give the company the right to win in the long term.

Now that Zomato has acquired Blinkit, the priorities will be customers, cross-selling products, and delivery fleet integration. “We will experiment with different ways of integrating the two customer bases or rather make sure that we are able to leverage Zomato’s customer base for the growth of the Blinkit business,” said Zomato CFO Akshant Goyal. Zomato may consider moving the Blinkit to the Zomato app.

Blinkit had become a unicorn—a privately held company with a valuation of $1 billion or more—last year following a $120 million funding round from Zomato and New York-based investment firm Tiger Global. Zomato invested $100 million in Blinkit when it was operating as Grofers before the food delivery company was listed on Indian exchanges last year.

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
Startup

5 Small Startup Business Ideas To Start In 2022

5 Small Startup Business Ideas To Start In 2022
5 Small Startup Business Ideas To Start In 2022

Leaving a 9-to-5 job and starting a small online business may seem like a giant task, especially when the capital is limited. Daily tasks like logistics, managing inventory, marketing, etc., often send chills down the spine of beginners.

Building a successful business is an arduous journey. However, if you have the right plan and the right business strategies, your business can reap benefits for its founders, stakeholders, and several others who depend on it for their livelihood. Today, with a great business idea and the Best Motivational Speaker in India, you can start a small online business with a minimum investment.

Here are five small online business ideas that can be started even in small villages and rural areas.

1. Retail Business

Rural areas generally have more people as compared to urban areas. Hence, consumption and the demand for essential goods are always high. But the supply is relatively low. Opening a small department store or a Kirana store in these areas can be a good, small investment for people who want to start their own business.

2. Artificial Jewelry

If there is one thing after food that never goes out of fashion and demand, it is beautiful pieces of jewelry. The best example of it is that even during the COVID-19 pandemic when many businesses were shut down, the demand for artificial jewelry pieces remained.

There are portals like Trade India where people can create an online shop to contact good manufacturers for procuring and selling jewelry. First customers of the business can be your friends and family members, who can endorse your products in their circle. To grow your online business, you can consult with a motivational coach for entrepreneurs.

3. Home Bakery

If you have a thing for bakeries, you can also start your own bakery business. This business does not require a large investment. You only need a minimum investment to procure an oven and buy ingredients for baking. When starting on a small scale, there is no need to do branding. However, it is essential to focus on quality and deliver a product that customers will relish. This business can be started with an investment of between INR 15,000 and INR 25,000.

4. Homemade Candles

In the last few years, many people have become inclined toward aromatherapy and scented candles. Candles are a wonderful way to enhance the interiors of homes and for gifting purposes. You can start this business online with a minimal investment, either by manufacturing it at home or procuring it from a third party.

You will need wax, wick, molds, thread, aromatic oils, and more to start your business. Apart from this, you will also need to have some candle-making equipment, which includes a melting pot, a pour pot, a thermometer, a weighing scale, a hammer, and an oven to melt the wax. Once your business starts growing, you can also take assistance from Motivational Coach for Entrepreneurs.

5. Flour Mill

Setting up flour mills in rural areas is a good idea. The demand for good quality flour will always be on the rise, especially with most Indians being round-the-year consumers. Opening a flour mill in a village or a rural area is a good small business idea as the equipment is very useful in every harvest season.

If you have a great small business idea, you can begin to work upon it because it requires a minimum investment. To ensure that your business runs smoothly, you can also consult with the best business coach 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 learn more, you can visit www.badabusiness.com.

Categories
Motivational

4 Effective Tips For Mompreneurs To Strike A Perfect Work-Life Balance

4 Effective Tips For Mompreneurs To Strike A Perfect Work-Life Balance
4 Effective Tips For Mompreneurs To Strike A Perfect Work-Life Balance

What happens if you are a working mother? You are probably juggling between two different worlds while trying to keep your sanity intact. Here are a few tips on how to strike the perfect work-life balance.

Motherhood is the most beautiful yet most difficult phase in a woman’s life. Believe it or not, being a mother is a full-time job. If there were 26 hours in a day, mothers would still find themselves occupied for the entire time.

Many people often suggest new mothers to discontinue their work due to lack of time. Although it is not just a woman’s responsibility to take care of kids and home. Though, there are very few chances that anyone else would like to bear the responsibility. So, does that mean a woman should give up on her dreams? Absolutely not!

Motherhood is a beautiful choice, and so is managing time. Nothing is impossible when you know the art of parenting.

So here are a few tips for our mompreneurs who are struggling to balance their dream of a successful business and motherhood perfectly. Read them out below.

1. Make a strategy and stick to it!

The first step to acing time is to learn to manage it efficiently. The time that you dedicate to your work should never overlap with your personal time. Dedicate a number of hours to your work and try to stick with it. Avoid doing anything else, as it might cost you your focus and concentration. Keep all your files and stationaries in an organized way. It will keep you from hassling over things and will save you time.

There are many tools and apps through which you can stick to your schedule. Try to keep both your personal and work appointments on one calendar so that you don’t miss out on important ones.

2. Get Organized

When you have kids and a family to take care of, you must get organized. Being a female entrepreneur means that you will encounter times where you will have to draw a line. When you are working, you should be focused only on work. Keep your important files and computers covered and inside a cabinet. If your kids are small and need attention, you can also keep crayons, paper, and other things to keep them engaged.

3. Start your day early.

As the day proceeds, you will feel exhausted. Hence, try to finish your daily chores early. Take your time to prepare lunches, set up coffee and pick out school clothes for your children. Try to get up early in the morning before your family gets up so that you can manage some of the household activities. Starting your day early will help you groom your art of parenting as well as your entrepreneurial skills at the same time.

4. Ask your spouse for assistance.

Without help, it is difficult to succeed. Communicate well with your partner about how you both can help each other. You both need each other’s support as you both are doing full-time jobs. Later, thank your spouse for being there to you. Besides, take care of yourself too, as it is essential so that you can take care of your business, family, and home.

A working mother is a great juggler who fulfils many roles and responsibilities. From finishing household chores to carrying out meetings with investors, stakeholders, and employees, they have to tick off lots of things from their list. But with the above mentioned strategies, you can definitely achieve a perfect nirvana in your business as well as your personal life.

To learn how you can apply parenting strategy in business, join the ‘Art of Parenting & Success Mantras For Students’ free webinar by Dr Vivek Bindra on July 10th, 2022 on the YouTube channel.

For more details, click here: https://www.badabusiness.com/art-of-parenting/?pp_code=BHBB000078&ref_code=SocialMedia

Categories
Business motivation

6 Valuable Entrepreneurial Skills You Can Teach Your Children

6 Valuable Entrepreneurial Skills You Can Teach Your Children
6 Valuable Entrepreneurial Skills You Can Teach Your Children

You must have heard the stories of many successful entrepreneurs who are just 6 years old or 12 years old and have started their own company or a YouTube channel and are driving growth with their amazing entrepreneurial spirit.

They know about “cause marketing,” “buzz marketing,” and “moment marketing.” Their business model is apt, and the strategies that they employ can surprise even seasoned marketing professionals. There is one thing that plays a key role in shaping a child’s mindset is the “Art of Parenting.”

Here is a list of six valuable entrepreneurial skills you can teach your children:

1. Help them see the greater possibilities

Entrepreneurs can look beyond what is obvious. They don’t limit their vision to what they already know is possible. They look at the bigger picture with a skilled eye. They assess the impossible and analyse what cannot be achieved and then find solutions to make it possible.

In short, entrepreneurs are not limited by the status quo, and neither are their children. Teach your children to never settle for less than what they can imagine is possible. You can also use this parenting strategy in business to achieve your goals.

2. Build Resilience

While successful entrepreneurs feel they are living the dream, it does not come without its share of challenges. So, to prepare your kids for future challenges, set an example. Your children are more likely to develop a stress response based on how they see you responding to a stressful situation. They often learn from and imitate their parents as they witness how their parents navigate the stumbling blocks in life and business.

3. Teach Them How to Handle Feedback

From parents to colleagues and peers to friends, feedback comes in all forms and from different media, whether or not we seek it out. A smart entrepreneur should be able to filter out the relevant details from the irrelevant ones. If your kid is involved with you in your business, this is a perfect moment to teach reasoning and the value of a positive mindset and attitude.

4. Teach them to evaluate the risk

People often say that an entrepreneur’s biggest strength is taking risks, which is true only to some extent. No human in his or her state of mind would like to make decisions without evaluating them. Learning to weigh the pros and cons, developing a strategy, and understanding the financial and emotional risks associated with doing something new are valuable life skills and beneficial regardless of whether your child becomes an entrepreneur in the future.

5. Money Management

Money is an important factor that can contribute greatly to building a startup from scratch. Teach your kids to never throw away or waste money, even if the amount seems negligible. Ten rupees may seem like a very small amount, but if invested wisely, it can multiply exponentially.

6. Being adaptable

Humans need to be adaptable. Entrepreneurs often find themselves in difficult situations, in unfamiliar cultures, and dealing with total strangers. Give your children space and situations that are not in alignment with their comfort zones. It will make them uncomfortable at first, but it will pay off as they learn key adaptability skills.

The best way to instil any ability in someone is to start teaching them very early on. Entrepreneurial skills are no exception. If you want to learn the secrets and various tips to prepare your kids for a brighter future, join our Free webinar ‘Art of Parenting & Success Mantras’ by Dr Vivek Bindra on July 10th, 2022. The webinar is full of useful information and is free for all. So don’t miss out on this opportunity!

Register yourself now: https://www.badabusiness.com/art-of-parenting/?pp_code=BHBB000078&ref_code=SocialMedia

Categories
Motivational

4 Ways To Teach Your Kids To Become Entrepreneurs

4 Ways To Teach Your Kids To Become Entrepreneurs
4 Ways To Teach Your Kids To Become Entrepreneurs

Does your child have entrepreneurial skills? Here are four ways to teach your kids to become entrepreneurs.

While some kids have to be groomed, some kids are born with a natural entrepreneurial spirit. Most often, we have seen that some kids perform better at fairs and fates because of their creative bent of mind. By the time they hit nine or ten, they can be seen selling sports cards, pencils, candy, and gum to their classmates during recess.

By the time they hit their teens, they can be seen making the most of social media by monetizing reels for money. If you have ever seen the spark in your child’s eyes, then you must nourish their skills and make them ready for the future. Join our FREE-TO-ALL Webinar ‘Art of Parenting & Success Mantras for Kids’ by Dr Vivek Bindra—India’s best motivational speaker. The webinar will be conducted on July 10th, 2022.

Here are four ways to encourage your children to become entrepreneurs:

1. Assist them in identifying opportunities

Entrepreneurs have an eye for details. They do not miss an opportunity and always find ways to approach a challenge with a creative solution. In cases where there is a problem that is not acknowledged, entrepreneurs spot them and find a way to resolve them. In cases where the problem and its solution already exist, entrepreneurs find distinct ways to make the solution better.

With your smart parenting skills, you can teach your kids how to recognize opportunities that lead to entrepreneurs creating a product or a service.

2. Teach Them Real-World Applications

The only constant thing is change. And a lot of times, people find changes to their distaste. Of course! Now, no one likes to compromise with their comfort zone. However, life is all about making things better. So, if your children express their dissatisfaction with something, encourage them to think of better ways. Start simply. If they come up with ideas that already exist, appreciate them, nonetheless. Just like you use your parenting strategy in business, teaching your children to spot opportunities and act on them will contribute greatly to the probability of their future success.

3. Let them solve problems.

To protect them, most parents often hold their children back. They often do not allow their children to think and make decisions. Instead, they take charge of making decisions, rushing to fix any problems their children may encounter and protect them from harm. But entrepreneurs often have to make decisions that are sometimes very difficult. So, children who are not used to making their own decisions might feel lost. Hence, let your kids face adversity so that they can make decisions independently.

4. Develop Patience, Acceptance & Resilience

Life is not a bed of roses. Instead, it is like a roller coaster where you will experience ups and downs. Because no one has ever learned to walk without falling, one should know that kids are eventually going to fall. What’s important is that they should know how to get back on their feet.

You must teach your children that failure and disappointment are parts of life. Every successful entrepreneur gets knocked down at least a dozen times in their life. They taste delightful success only by turning losses into victories. No matter if you are an adult or a child, entrepreneurship entails resilience.

Though there is much debate on whether entrepreneurial traits are the result of nature or nurture, research does show that encouraging cognitive thinking in kids will help them cultivate entrepreneurship.

If you want to train your children for a brighter tomorrow, do not forget to join our FREE-TO-ALL Webinar ‘Art of Parenting & Success Mantras for Kids’ by Dr Vivek Bindra—India’s best motivational speaker. The webinar will be conducted on July 10th, 2022.

Register Now For Free Webinar: https://www.badabusiness.com/art-of-parenting/?pp_code=BHBB000078&ref_code=SocialMedia

Categories
Sales

These 5 Best Sales Secrets Will Boost Your Profits

These 5 Best Sales Secrets Will Boost Your Profits
These 5 Best Sales Secrets Will Boost Your Profits

Selling is an art and it has its secrets. Want to increase your business sales? Read this article till the end.

Be it a service or a product, we all are selling solutions. It generally requires interaction with someone or something.

Given the increase in competition across all the startup ecosystems, entrepreneurs can be seen fighting for their market share. So, given the cut-throat competition, what is the unique idea that will make you stand out? How can you shine without going out of your budget and still thrive?

Here are five sales secrets that will increase your profits and boost your business:

1. Your Customer Is a Human Being

Well, this should not come as a surprise! However, many businesses often forget this absolute fact. Humans buy from other humans. So, while you may work for your own company, you are its face, and you will have the first experience of being a sales lead.

Many people often forget about their customers, and only when they work with a business motivational speaker do they realise that keeping customers in mind is vital for business growth. So when you are making sales strategies, always remember that human relationships are the first and most important element. It not only help you to increase sales, but also boost profit.

2. Be Curious, Ask Questions

It is very important to ask questions. The only catch is to ask the right one! You may have a great product or a great service, but why should a customer purchase that product from you? What are the unique features that you are offering? Why should a customer not purchase it from your competitor? This will provide you with insight and help you understand the client’s requirements. Building a relationship with your customers is essential to ensure that your products and services are relevant to them. It will encourage them to purchase your products and eventually increase your revenue.

3. Recognize Your Product

Product knowledge is the key! You can only sell what you understand completely. If you are selling a software platform, you should know what problems it is solving. Do you know your products and toolsets well enough to give your customers the solution they are looking for?

Knowing your customers as well as your products is so important. It is a crucial part of the sales process. You need to be passionate about your product as well. If you buy your product and believe in it, it will undoubtedly show in your conversation with your customer.

4. Get in-depth industry knowledge.

Always keep industry knowledge ready! You should know how your competitors are performing and what they are offering to your target customers. While relationships are crucial, so is the value you bring, especially if you know your client is researching their options. You can hire the best corporate trainer to understand the industry norms and help you come up with strategies according to your target audience.

5. Follow Through

Last but not least, don’t forget to follow up! Selling your great product to clients is awesome. But you know what creates the long-lasting effect? Clients want to feel the same enthusiasm and interest that they received before they made a business transaction with you.

This simple gesture will not only ensure the client’s loyalty but also help to upsell in the future. It will also create great feedback and potentially word-of-mouth advertising for your solutions.

In short, place your customers at the centre of your sales. Your sales efforts will bring great results if you have a genuine interest in their requirements.

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, specialised courses, and value-added courses.

To find out more about our courses, visit: http://www.badabusiness.com/.