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Startup

5 Leadership Qualities That Every Startup Needs

5 Leadership Qualities That Every Startup Needs
5 Leadership Qualities That Every Startup Needs.

In today’s time, everyone wants to do their own work, want to start their own startup. Due to this, different types of startups are beginning in the market today. But there are only a few startups that last long.

The main reason for the failure of any startup is the lack of leadership. Under the leadership of the right individual, any startup reaches the heights of the sky and due to a lack of leadership, a good business can also fail.

In today’s article, we will tell you characteristics that make up for the needed quality leadership, with which you can grow your startup.

So let’s know what those five leadership qualities are.

  1. 1) Building A Team Instead Of Working Alone:
    Often due to lack of money, many people want to invest less money in any startup, due to which they keep doing most of the work themselves. One wrong result of this is that the person gets entangled in various tasks and does injustice to his startup. Because of this, one is not able to use his energy properly. On the other hand, the owner of a successful startup divides his work into small parts. He uses his intelligence properly by spending money on manpower and works by making a strategy for how to grow the startup.

    If you are also looking to start a startup of your own, then instead of working alone, focus on team building. With this, you will be able to grow your business soon. There are many Leadership Consultants in the market today who can guide you to take your startup forward based on their years of experience. To know more about team building, you should watch this video by Dr. Vivek Bindra –

  2. 2) Motivating Each Team Member Regularly:

    After team building, now it is important that you always keep your team members motivated. It helps in maintaining a positive atmosphere in the office. When your team works by being motivated, then you also get good results in business. If the atmosphere of the team remains pleasant, then each person tries to give his best at his own level. Without motivation, team members always remain disappointed. They feel that no one is paying attention to their work. That’s why keeping the team motivated from time to time regarding their work and their personality is necessary. This will keep the employees engaged in work and play an important role in the team’s growth. To know more about this you can watch this video:

  3. 3) The Ability to Make The Right Decisions:

    A leader must have the ability to make the right decisions. If a leader cannot make the right decision for his team, then he will not be able to run the team either. A whole team listens to the leader of its group and moves forward on his instructions and decisions. If the leader hesitates to take decisions, then the morale of the team will also be broken. That’s why even if the decision is harsh, if it is in the interest of the team, then you should not delay in taking the decision. To be a good leader, the leader should always be ready to take tough decisions and set a good example in front of the team.
  4. 4) Staying Confident:

    A confident leader stands out even in a crowd. If the leader is confident, then the team members also believe in themselves and work well following the footsteps of their leaders. Lack of confidence as a leader takes you nowhere. A good leader is also good at showing his confidence in front of his team. He makes decisions better. Leads by his own example which directly affects the rest of the team. Even if the situations are opposite, a person full of self-confidence always thinks positively and takes the same decision. So work on the skills that let you be confident and you’ll set the right example for the rest of your team.
  5. 5) Taking Care Of Time Management:

    A good leader is one who makes good use of time. If the leader himself does not care about time, If he does not do any work on time, then the rest of the team will see him and develop the habit of leaving today’s work for tomorrow and tomorrow’s work for the day after tomorrow and the growth will stop there. As a leader, you should take care of time management. By using time properly, you can complete many of your tasks and present a good example in front of the team. Seeing you working at the right time, other team members will also take interest in the work and will play an important role in growth. To know how some of the richest persons in the world manage their time, you can watch this video by Dr. Vivek Bindra:

If you also want to take your startup forward, then adopt these 5 leadership qualities today. Apart from making you a good leader, these five qualities will also play an important role in the success of your startup.

Apart from this, if you are a businessman and are facing problems in your business and want to get good guidance from a personal business coach in furthering your startup business, you should choose the PSC (Problem-Solving Course), so that you can get a good hand holding in your business and multiply your earnings.

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News

7 Lessons Entrepreneurs Should Learn From Shark Tank India Season 2

7 Lessons Entrepreneurs Should Learn From Shark Tank India Season 2
7 Lessons Entrepreneurs Should Learn From Shark Tank India Season 2

Whether you started watching Shark Tank India because you love entrepreneurship or the memes that were all over the internet, or simply came through an episode while browsing social media; there are many lessons you can learn from the show.

It’s about several business and life lessons that allow you to have a look at India’s fast-paced, make-or-break entrepreneurial landscape. While it is true that Shark Tank presents business pitches and ideas through the lens of reality television, here are 7 intriguing Shark Tank learnings and vital observations for new startups and aspiring entrepreneurs:

  1. Success Is Driven By Passion: Pick any Shark Tank India episode and observe which entrepreneurs the sharks prefer to invest in. And you’ll recognize one thing they all have in common: they’re all pushed by passion. Being genuinely enthusiastic about what you do, regardless of whether you’re an entrepreneur, or working at any other level, leads to success.
  2. Presentation Is Important: Imagine receiving two dishes—one that is attractive to the eyes and the other that looks like a garbage pile. Which do you select? Obviously, the dish with the best appearance. It’s possible that the meal that wasn’t as enticing tasted better, but how would one learn that without trying? Similarly, you should portray what you’re saying or doing in a way that will catch people’s attention if you want them to pay attention. Sharks invested in some of the entrepreneurs featured on Shark Tank India because they presented their concepts brilliantly and made such compelling presentations. Present your portfolio even when you’re seeking a job so that, at least, nobody can refuse to give you a call.
  3. Clarity Is Essential In Life: Everyone desires to be successful, but still, only just a few people understand what they need to do to get there. The Shark Tank India judges praised contestants who demonstrated clarity about their thinking and business plans. Likewise, we can learn to achieve clarity in our opinions because clarity gives us self-belief, and self-belief allows us to accomplish anything.
  4. You Will Learn More From Failure Than From Success: The candidates’ journeys revealed the obstacles they had to overcome before they were given the chance to showcase their products. The Shark Tank India experts experienced similar struggles before they were able to invest in others. Before Lenskart became well-known, Shark Peyush Bansal founded several businesses, and Shark Vineeta Singh founded many businesses that flopped before Sugar Cosmetics succeeded.
  5. Only Resources Are Not Enough: Even if you had a brilliant concept worth a million dollars, what use would it be if you couldn’t start? Simply, quit feeling sorry for yourself and get to work. Taking the very first step is the only way to get to your destination. Even though your current resources may not be the best, you do have some. Utilize them; along the road, better things will appear.
  6. Find A Problem To Solve If You Want To Bring A Change: Shark Tank India inspired all of us to pursue entrepreneurship. Find a problem to fix if you’re in the same situation. Instead of inventing something and then attempting to create a market for it, identify an issue that people are currently suffering from and see what you can do to fix it.
  7. Investors Put Their Money Into Individuals More Than The Idea: Simply said, wise investors, choose to invest in people over ideas. In contrast, faulty founders could easily lose even a fantastic idea. Intelligent, skilled, and determined entrepreneurs are more likely to lead this process correctly. There are several incidents in the show where the sharks trusted the founder more than the idea and invested their money in them.

Work on applying these straightforward yet insightful lessons from Shark Tank India’s second season to your personal and professional life. You’ll definitely be headed in the correct direction. You can enroll for the Anybody Can Earn Webinar to know more about the facets of making money and multiplying it as per your wish. To Know More, you can visit Bada Business.

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Strategy

5 Ways To Make People Fall In Love With Your Product

5 Ways To Make People Fall In Love With Your Product
5 Ways To Make People Fall In Love With Your Product

If you own a business, you want your consumers to adore your services. Every company owner desires it. In-depth market research typically takes several years to produce a great product or service that customers will want to buy from the company.

Unfortunately, only a small percentage of companies are successful in obtaining the greatest product out of their idea for the market. According to market analysis, the main reason why the majority of brands and businesses do not succeed is that their service or product is unsatisfactory.

Overall, one might conclude that whether a company is small or huge, the customer experience is important. Successful businesses typically provide helpful products, services, and solutions to consumer problems.

The question is now, exactly how can you achieve it?

Simply read the whole article and you’ll be ready to make a product that will be loved by the masses.

1. Expand Your Product Line In Response To Consumer Demand

After your product has been out, it is crucial to add helpful features and periodically release fresh content. Small tweaks that add functionality can sometimes satisfy the needs of the customer and increase their affection for your product. To give clients the maximum potential benefits from your product or service, you must comprehend customer conditions and develop features in accordance. If you want to increase sales and revenue, you need to establish challenging targets and make your service the best in the market.

You can watch this video by Dr. Vivek Bindra, the best motivational speaker to know more about business expansion:

2. Create A Customer-Centric Culture

Many services and product companies fail in the market as a result of poor customer connections. Yes, if you make a sale but never follow up with your consumer or help them with their problems, you will lose their trust. Create a strong group and a customer-centric culture in which your team members can assist customers 24 hours a day, 7 days a week, solve their problems, and properly guide them regarding the best uses for your goods or service. This method works incredibly well in terms of developing a strong connection with the client and establishing trust. In the long run, this culture can assist you in developing the best business strategy or product in the market. To know how a company culture should function, you can watch this video:

3. Understand Your Customer’s History

Nothing kills a deal faster than treating a prospect as if they are brand new when your workmates have already contacted them several times. People dislike being squandered, and heading over old ground is the utmost waste of time. It also portrays you as disorganized and unprofessional. Your trump card here is a well-managed and retained sales CRM, as your company’s history with a prospect will always be well-documented and readily available. Beginning a conversation with a quick summary of this history demonstrates effort and competence, and it also nicely frames the subsequent conversation.

4. Listen More than You Speak

It’s fantastic to have a compelling story and a polished script, but if you can’t stray from them, you’ll get into difficulty. Allow your customers to voice their ideas and desires and make sure you pay attention. Additionally, having a strong corporate narrative is beneficial in this situation. Stories are more easily recalled than spreadsheets or Powerpoint presentations. Additionally, they have a good internal logic that facilitates concept expansion.

5. Have Honesty in Your Work

It’s great to be self-assured and optimistic, but never to the point of bursting. If a prospect has a question to which you have no answer, admit it, look it up later, and get up later to them. You’ll gain more respect if you answer them honestly instead of scrambling through a falsified answer or blatantly lying. Sending a follow-up email has the added benefit of strengthening your message, notifying them of key points, and maintaining the lead warm overall.

Making a product is simple, but making it adorable and popular in the market is difficult. Take, for example, no one would go to a store without a suggestion or positive feedback. The same is true for a service or product. you must make your product the best it can be to offer the greatest value to the customer. If your product is extremely good and useful, you will receive numerous excellent feedback from your community and people outside of your community, and all this stuff will help your brand expand in the market, and individuals will undoubtedly fall in love with your product. Simply follow the advice given above and create a blueprint to create a likable product.

You can submit your comment regarding the article by commenting in the comment section. Apart from this, if you are a businessman and you are facing difficulties in your business and you want to get good advice from a personal business coach to move your startup business forward, you must choose the Anybody Can Earn webinar. You can get a good grip in business and grow your business four times.

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Motivation & Mind Control

Seven Leadership Principles To Learn From An Eagle

Seven Leadership Principles To Learn From An Eagle
Seven Leadership Principles To Learn From An Eagle

Eagles are a symbol of strength and authority. They stand for strength, inspiration, endurance, focus, and clarity.

We all usually believe that the germ of success is developing within us as we wake up in the morning. The point is that in a society full of ups and downs that leaves people stressed about how to reach success, people require a daily intake of motivation. This article will act as a medicine for such individuals.

We all have the power to change from being creatures of circumstance to circumstance creators. One should watch motivational stuff offered by Dr. Vivek Bindra, the best motivational speaker on his YouTube Channel to bring in the change which is needed.

For now, here are the seven eagle principles which are meant to inspire and educate you.

1) Eagles Fly At Great Altitudes Alongside Other Eagles

Eagles prefer to soar alone at high altitudes and avoid interacting with other birds.

Lesson: This suggests that the Eagle steer clear of narrow-minded individuals who are always moaning and depressing you. They concentrate on flying quietly. True leaders, they are. Their strength and patience are unmatched. They calmly wait for the right moment to act; this shows that they are paying attention to what they are doing. Eagles always fly in groups. No matter how powerful or large their prey is, they never give up on it. They continue to battle to retake their enclave.

2) Eagles Possess Excellent Vision

One of the eagle’s traits is that it narrows its concentration to its target five kilometers away before going after it. No matter what, the eagle will still manage to capture it.

Lesson: This eagle’s method is the same as that of every other successful individual in the world. They are the kind of people who, despite the obstacles, make an effort to accomplish their goals. You shouldn’t let obstacles at work or in business stop you from accomplishing your objectives. There will be numerous challenges, such as while starting a business many friends and relatives will continuously discourage you, but your objective should be to fulfill your dreams only. No matter what challenges you face, keep your focus on the goal. Don’t let them divert your attention.

3) Eagle Does Not Consume Corpses

Eagles always consume live prey; they do not consume dead stuff.

Lesson: This implies that one shouldn’t carry their past around with them and live with it. Don’t indulge in the failures and successes of the past; instead, move on with life and seek out new possibilities. Gaining fresh knowledge and information is essential for success since it keeps you up to date on recent changes in the industry or market you are targeting. Your mind becomes more open as you gain knowledge. Always conduct thorough research to avoid using out-of-date material and ensure that your product or service is still marketable.

4) Eagles Enjoy The Storms

They exhibit courage and have no fear of anything, not even a hurricane.

Lesson: The eagles become delighted when clouds start to form. It elevates itself using the wind from the storm. The eagle takes advantage of the storm’s ferocious winds to soar above the clouds, allowing it a chance to fly above the wind and rest its wings. The other birds all hid in the tree’s leaves and branches during this time.

Things that are out of our control will inevitably occur in life, and once they do, most individuals are heartbroken but also have the option of either crashing or emerging strongly. In other words, people shouldn’t flee the storm but rather keep fighting to reach higher altitudes. Successful people enjoy challenges and make good use of them.

5) Eagle Verifies Before It Believes

A female eagle assesses the level of commitment before pairing with the male. She only permits him to mate if she is happy. Once they mate, they remain faithful and devoted to one another.

Lesson: Before entering into a partnership or a connection with someone, it is vital to verify their commitment. There will always be someone with bad intentions. This also means that you should investigate the legitimacy and level of commitment involved before committing to any business deal or personal commitment. Additionally, it suggests living a faithful life.

6) Eagles Raise Their Young Ones

Eagles are naturally aggressive. They are vicious. The way they raise their children is very much surprising. Mother eagle also pays close attention to her young ones.

Lesson: Eagles including both genders take part in rearing the eagle family. The preparation for family life tells us that success requires active engagement from both partners. The female and male eagles choose a high spot on a hill where no attackers can get to when they are ready to lay eggs. The male eagle is in charge of building the nest, which he builds with the help of thorns, sticks, grass, and feathers. The delicate layering is taken off the nest when the eaglets are old enough to be tossed out. They are poked until they master flying. According to the eagle’s theory, being too comfortably put can occasionally prevent us from experiencing life, growing, and learning anything at all. Growing is necessary.

7) The Eagle Restore Itself To Grow New Feathers As It Ages

At roughly age 40, when eagles are elderly, their feathers become frail, and they can no longer fly quickly.

They are left with two choices: they can either pass away or go through a painstaking process of rebirth that will add 30 more years to their existence. The Eagles make a difficult choice. To replenish its vigor and power, they retire to a remote location.

Lesson: This method also shows that nothing worthwhile comes without hardship. Old habits that are burdening our lives must be reduced, and we need to be open to change if we want to survive and improve. Our future is usually ruined by old bad habits and poisonous relationships.

Success requires courage, power, and immortality, all of which are represented by the eagle. These seven qualities can be acquired by any leader to advance along the path to success. Be an eagle and fly above everything.

You can submit your comment regarding the article by commenting in the comment section. Apart from this, if you are a businessman and you are facing difficulties in your business and you want to get good advice from a personal business coach to move your startup business forward, you must choose the Anybody Can Earn webinar. You can get a good grip in business and grow your business four times.

Categories
Startup

Three Primary Components of Effective Business Management

business-management
Three Primary Components of Effective Business Management.

The three primary components of a business, financial resources, capital, and human resources, are effective for business management because they provide the necessary foundation for a company to operate and grow.

What is Business Management?

Business management is the process of planning, organizing, directing, and controlling the resources (financial, human, and material or capital) of a business to achieve its objectives. The primary goal of business management is to maximize profits while minimizing costs and risks.

Why is this important?

In business management, managers use a variety of tools and techniques to manage the resources of a company effectively. This includes strategic planning, decision-making, financial management, marketing, operations management, and human resource management. Effective business management requires a deep understanding of the company’s goals, a clear vision for the future, and the ability to adapt to changing market conditions.

Business management is critical to the success of any organization, regardless of its size or industry. It enables a company to navigate the complexities of the business world, make informed decisions, and stay competitive in the marketplace. Effective business management can help a company grow, improve its profitability, and achieve long-term success.

How do the three main components of business play an important role?

These three primary components (financial resources, capital, and human resources) play a vital role in determining the success of the company.

Financial Resources

Financial-Resources

Financial resources refer to the money or funds available to a business for investment and operations. It includes assets such as cash, accounts receivable, and inventory, as well as liabilities such as accounts payable and debts. Financial resources enable a company to invest in new opportunities, expand its operations, and sustain itself during difficult times.

Capital

Capital

Capital is a broader concept than financial resources, as it refers to all the assets of a company, both tangible and intangible. It includes physical assets such as buildings, equipment, and property, as well as intellectual property such as patents, trademarks, and brand recognition. Capital provides the business with the means to generate profits, attract customers, and innovate.

Human Resources

Human Resources

Human resources refer to the people who work for a business, including employees, managers, and executives. They are the backbone of a company, and their knowledge, skills, and expertise contribute significantly to its success. Human resources also encompass the company’s culture, values, and work environment, which can impact employee retention, productivity, and job satisfaction.

However, these three primary components only work well when they are managed with the key functional areas of a business. These six functional areas of a business are legal, manufacturing or service production, marketing, accounting, financing, and human resources. Each of these areas has specific roles and responsibilities within a company, and they must work together cohesively to ensure the success of the business.

Let’s have a look at these six functional areas in detail:

  • Legal:
    The legal department is responsible for ensuring that the company’s contracts and agreements are legally binding and enforceable. This includes drafting contracts, negotiating terms, and resolving disputes.
  • Manufacturing or Service Production:
    The manufacturing or service production department is responsible for creating and delivering the company’s products or services. This includes sourcing raw materials, overseeing the production process, and ensuring quality control.
  • Marketing:
    The marketing department is responsible for promoting the company’s products or services to potential customers. This includes conducting market research, creating advertising campaigns, and managing social media and other promotional activities.
  • Accounting:
    The accounting department is responsible for managing the company’s financial resources. This includes maintaining accurate financial records, preparing financial statements, and managing accounts payable and receivable.
  • Financing:
    The financing department is responsible for managing the company’s financial resources, including raising capital and managing debt. This includes working with investors, managing loans, and maintaining relationships with financial institutions.
  • Human Resources:
    The human resources department is responsible for managing the company’s workforce. This includes recruiting and hiring employees, managing benefits and compensation, and providing training and development opportunities.

In conclusion, financial resources, capital, and human resources are all critical components of a business’s value, and companies need to balance and manage them effectively to achieve long-term success. Each of these functional areas plays a crucial role in the success of a business, and they must work together effectively to achieve the company’s goals and objectives.

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Business motivation

Reasons To Start a Food Business in India

Reasons To Start a Food Business in India
Reasons To Start a Food Business in India

Starting a food business, or any small business, is a difficult and risky undertaking. However, there has never been a better time than now to launch a food business. Do you wish to launch your own company? To be successful, you must choose the right kind of business in addition to working hard.

We all know that without a celebration, a person’s significant life events, whether they be professional or personal, are not completed. A few sips of coffee, some delicious food, and friends having happy times together while lounging in a fantastic location are up there for almost everyone. Many of us choose to go out to eat or have coffee with friends to celebrate.

Therefore, it can be a fantastic chance to start professionally in the food industry.

Let’s look at some advantages of opening a food business

 

The Current Trend

current trend

The Indian Food Service Market was valued at USD 41.1 Billion in 2022. The total revenue of the Indian Food Market (fresh food, processed food, and pet food) amounts to USD 866.70 Billion in 2022. It is expected to grow annually by 8.01% (CAGR 2022-2017).

People will always Eat

People will always Eat

One of the key factors contributing to the success of food businesses is the fact that humans will always need to eat. People who are managing their spending during a recession will nevertheless go out to eat once per week or whenever they feel like it. Generally speaking, people feel better about buying something to eat for themselves than they do about buying other items.

Easy Access to Ingredients

Easy Access to Ingredients

India has a strong agricultural economy and produces a lot of food grains. Food enterprises have easy access to basic ingredients at the cheap cost necessary because of the enormous output of food grains. You may get started with a small expenditure because raw ingredients are widely available and inexpensive. Everyone is aware of how important and necessary eating is.

A Larger Customer Base

A Larger Customer Base

Today, the majority of Indians live digital lives. Nowadays, almost everyone has a smartphone. Why therefore limit your customer base to those who can visit your cafe or store? Take some fantastic photos of your restaurant’s most well-known meals and post them online, or collaborate with a food delivery service. You may do this without ever leaving your shop, satisfying the hunger of thousands of people. One of the finest methods to develop a business dramatically is through an online delivery service.

A More Favorable Atmosphere For Work

A More Favorable Atmosphere For Work

The world’s greatest young population resides in India. In comparison to other countries, it is significantly simpler to acquire low-cost, highly skilled labor here.

Related Article: Launch A Successful Startup In These 7 Effective Steps

Additionally, a high percentage of Indians are fluent in English, which makes it easier to meet the requirements of training staff and interacting with customers from various backgrounds. This contributes to rising sales and earnings with the highest rate of growth.

Enhanced Brand Recognition

Enhanced Brand Recognition

Food has the capability of getting recognition easily because it attracts almost everyone. You also have options for taking established franchises and taking advantage of their growth. The first names that likely come to mind when you think of food are all franchise restaurants. The early stages of your franchise might benefit greatly from this brand familiarity. You get to take advantage of an established client base and a strong reputation, which typically take years to establish when you go it alone.

Because they don’t want to be startled, they choose to dine at a cuisine chain rather than a traditional restaurant or café. They want to spend their money on goods they know they will like. Many people find familiarity to be pleasant. They value being aware of what to anticipate in terms of food offerings, level of service, open hours, and building layout.

Minimal Investment Capital

Minimal Investment Capital

Millions of dollars in the bank are not necessary for starting a restaurant. Many fast food outlets are openable for business with an investment of 5 lakhs or less. Additionally, because they are quite successful, the money spent on opening the shop will quickly be repaid. It also has reduced yearly licensing charges. The whole outlay is relatively cost-effective due to lower hiring costs for skilled, qualified employees and lower startup costs.

Related Article: 5 Proven Strategies To Boost Quality Leads For Startup Business!

One of the biggest consumer marketplaces on the planet is India. Large foreign food manufacturers consider it to be a fantastic site as a result so why not you?

Along with the economy, the middle class is growing in this nation most quickly. The food sector in India is growing and is projected to grow at a 10% yearly rate. It is the best time to get into the industry and start earning big!

You can submit your comment regarding the article by commenting in the comment section. Apart from this, if you are a businessman and you are facing difficulties in your business and you want to get good advice from a personal business coach to move your startup business forward, you must choose the Anybody Can Earn webinar. You can get a good grip in business and grow your business four times.

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News Startup

Know The Reasons Why These Indian Startups Got Shut Down In 2022

Indian Startups Got Shut Down In 2022
Know The Reasons Why These Indian Startups Got Shut Down In 2022

The Indian startup environment has undoubtedly grown tremendously over the past five years, becoming the third-largest startup ecosystem globally after the US and China. The record-breaking financial inflow into India in 2021 contributed to the enthusiasm of Indian entrepreneurs. Then 2022 arrived, a year that will be recalled in the future for all the opposite reasons.

Due to a lack of funding, eight Indian firms had to close their doors in 2022. Five of the eight startups that closed their doors were in the Edtech industry. In addition to shutting down, many large software firms and unicorns had to close their cash-draining sectors to combat the mounting costs. For instance, Ola liquidated Ola Dash, Ola Foods, and Ola Play, three of its verticals.

The following is a list of the Indian startups that shut their shop this year

Lido

The abrupt closure of Lido Learning’s services on February 4, 2022, left 150 of the company’s employees with serious doubts about their futures. Some of the well-known angel investors supported the EdTech business. Vijay Shekhar Sharma, Mukesh Bansal, Anupam Mittal (founder of Shaadi.com and Shark Tank India judge), Ananth Narayanan (founder of MedLife), and Ronnie Screwvala (founder of UpGrad) were the ones supporting this firm.

ShopX

ShopX, a B2B e-commerce startup supported by Nandan Nilekani, ceased operations because it was unable to produce enough working capital and is in default on various loans it obtained from its backers, namely Infosys co-founder Nilekani and Singapore-based FSX PTE LTD. To assure that there are no additional recurrent payment obligations, ShopX significantly cut its personnel strength, as stated in the company’s bankruptcy case.

Udayy

After the opening of schools offline, the Edtech startup Udayy laid off 100–120 staff and shut down as a result of a slowdown in sales. The Gurugram-based firm, which was established in 2019 by Karan Varshney, Mahak Garg, and Saumya Yadav, provided learning and education services for children of kindergarten to eighth grade and was serving about 5,000 students each month.

Crejo

According to some reports, the cofounders of the Edtech business for extracurricular activities told the staff at a town hall about their plan to cease operations. Ankit Agarwal and Vikas Bansal, the company’s co-founders, explained to workers why they decided to wind down operations: a lack of finance and the reopening of schools.

Super Learn

The startup’s operations were suspended earlier this year as a result of a lack of funding, waning investor interest, the reopening of schools, and other factors, according to SuperLearn co-founder Kunal Bhatia, who made this statement on LinkedIn. SuperLearn shut down early this year intending to pay back its investors. It was obvious that the fiesta was approaching its conclusion since no one appeared to be believing the Edtech narrative any longer.

GoNuts

GoNuts’ founder decided to stop business operations in October of this year since the startup’s target market was not expanding. From investors including former Zomato cofounder Pankaj Chaddah, Ramakant Sharma, and LetsVenture, among others, the business had raised more than INR 7 Cr.

Qin1

The latest Edtech start-up to surrender to the ongoing financial freeze and suspend operations was the Noida-based Edtech platform Qin1, which discontinued operations due to a lack of readily available capital.

The creators of the firm, who had been providing live online lessons on coding and the English language to youngsters and teenagers between the ages of 6 and 18, were unable to secure a new round of funding, which led the company to halt operations a few months back.

Protonn

Protonn, a startup providing digital solutions, closed its doors in less than a year after receiving $9 million in venture funding. Anil Goteti and Mausam Bhatt, two former Flipkart executives, founded Proton in 2020 to help independent experts like attorneys, graphic designers, and nutritionists start their own businesses online, produce videos, have teaching sessions, generate payment connections, and monitor their results.

These were some major startups that sadly had to close their doors in 2022. The recession-related global funding crisis, which caused many valuations to be revised went downward, and this has contributed significantly to this decline. This year saw patchy startup growth, which was followed by a large number of firms ceasing operations in India.

The coming year has a lot of challenges for the Indian Startup arena, we can only hope that the new-age companies will counter every challenge and emerge victorious in the end.

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News

Top Executives who made High-Profile Exits from big companies in 2022

Top 10 Executives who made High-Profile Exits from big companies in 2022
Top Executives who made High-Profile Exits from big companies in 2022

After the much-needed boom post-covid in the year 2021, 2022 proved to be a challenging year for the corporate environment globally. In reaction to the changing commercial landscape, many entrepreneurs started afresh, while others decided to restructure their organizations this year. As a result of the economic crunch and the increasing attention on the economy, layoffs intensified throughout the year.

All of these led to changes in numerous firms’ top-level leadership, resulting in many of the companies seeing the departure of their founders. Along with the founders, a lot of CEOs left the companies too.

Let’s look at the leading exits from the corporate ecosystem as they happened in 2022.

1. Ashneer Grover, Co-Founder, BharatPe

The co-founder of the fintech startup BharatPe was fired from all of his posts on March 2 after the company accused his family of misusing the company’s funds in a significant way.

Grover left the company soon after learning that the Board of the company would receive these results. The Grover family allegedly used fictitious vendors to steal money from the business’s expense budget to support their extravagant lives.

2. Parag Agarwal, CEO, Twitter

The major social media platform’s new owner, Elon Musk, fired top executives for deceiving him and offering no detail on how they would carry out the ambitious goals he has set for the platform.

According to reports, Musk fired Twitter’s CEO Parag Agrawal, CFO Ned Segal, and head of law and policy Vijaya Gadde. He had claimed that they had misled him and Twitter’s investors over the prevalence of fictitious accounts on the social networking site.

3. Sheryl Sandberg, COO, Meta

Sheryl Sandberg, the chief operating officer of Meta Platforms Inc, left the firm after 14 years. Her tight relationship with chief executive officer Mark Zuckerberg fueled the expansion of the largest social network in the world.

On June 1 it was announced that Sandberg, who had held the role for more than 14 years, would be leaving. Javier Olivan, the chief growth officer, took over. Moving forward, Sandberg continues to work with Meta but she will only be a board member.

4. Bob Chapek, CEO, Walt Disney

Bob Iger returned to his role as the CEO of the Walt Disney Company after less than a year in retirement. The board of the corporation announced that Bob Iger is returning and that Bob Chapek, who was recently given the position, is leaving. Iger started serving as CEO for a second time for the following two years after handing the reins to Chapek in February 2020, an unprecedented move at the time. Iger then served as executive chairman till the end of 2021.

5. Laxman Narasimhan, CEO, Reckitt Benckiser

The producer of Dettol and Lysol cleaning products, Reckitt Benckiser claimed that Narasimhan left for personal reasons and moved back to the US and that he has been contacted about a new opportunity. The company made no additional comments. While stating that the company examines and picks the future leadership, Laxman was replaced by their senior board member Nicandro Durante.

6. Kasper Rorsted, CEO, Adidas

Surprisingly, Adidas announced that its CEO Kasper Rorsted would step down from his position in 2023 before his contract was set to expire and that it had already begun looking for a replacement. The CEO’s transition to a new role during 2023 was mutually agreed upon by Rorsted and the company’s board of supervisors.

However, he will continue to serve until a replacement has been named.

7. Ben Van Beurden, CEO, Shell

After nine years in command, Shell CEO Ben van Beurden stepped down from the top position of this energy giant. This change came as oil and gas corporations are facing pressure to move away from burning fossil fuels even as they enjoy booming profits from energy prices boosted by Russia’s conflict in Ukraine. The largest energy business in Europe will be led by Wael Sawan from the new year. Sawan has spent the majority of his career working for Shell’s oil and gas division before recently transitioning to its oil and natural gas and renewable power division.

8. Sonia Syngal, CEO, Gap Inc.

Syngal, who was appointed the CEO of Gap Inc just two years back, quit the company only a few months after it lowered its prediction for yearly earnings as a result of pressure from the sluggish market in the face of decades-high inflation. Gap did not explain her abrupt departure. Executive Chairman Bob Martin stepped in as interim CEO.

9. Amit Burman, Chairman, Dabur India

Amit Burman resigned as the company chairman of the fast-moving consumer products company Dabur India Ltd. effective from August 10, 2022. However, Burman continues to serve as a non-executive director. The non-executive chairman position has been taken over by Mohit Burman. In 2019, Amit Burman was appointed chairman of Dabur India. He assumed leadership of Dabur Foods in 1999 and left the position in 2007 when the business was combined with Dabur India Ltd.

10. Ashish Kumar Chauhan, CEO, BombayStock Exchange

Ashishkumar Chauhan left his positions as managing director and CEO of the BSE and was released from his duties at the exchange to join the NSE again after 20 years. Chauhan became the Managing Director and CEO of the competing firm National Stock Exchange (NSE). He was a member of the NSE founding team but departed in 2000 to take up several positions with Reliance Industries. He later returned to the stock market as the deputy CEO of the BSE in 2009 and became the company’s CEO in 2012.

The upcoming year of 2023 won’t likely have a significant impact on the success of the startup ecosystem. Due to the difficult global financial backdrop, the startup ecosystem is also set to face challenges in the future year. More restructuring and attrition at the executive level in organizations are probably to follow from this. Additionally, mergers and acquisitions cannot be completely ruled out and may result in additional CEO and founder exits.

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Motivational

9 Leadership Lessons from World Champion Leader Lionel Messi

Lionel Messi
9 Leadership Lessons from World Champion Leader Lionel Messi

Lionel Messi is more than a great athlete; he is an inspirational leader and a role model for many. “Success Takes Time“, is one of Messi’s favorite quotes.

Lionel Messi’s extraordinary success, like that of most extraordinary people, did not happen by chance. He worked tirelessly and trained nearly every single day to grow into the athlete he is today. He is now a world champion leader with the recently concluded FIFA World Cup 2022 he is the one who deserved it more than anyone else because of his sheer dedication and commitment towards his goal.

Each individual can learn a lot from this football legend. Here are nine of Lionel Messi’s success tips that will be useful for every leader..

Lead by example:

Messi always sets a high bar for both himself and his teammates. He is renowned for his intense work ethic and commitment to developing his abilities. Messi encourages people to emulate his dedication to perfection by setting a good example for them. Work as a team whether in business or a sport.

Focus more on the goals of your team than on your own personal quest. Your team can develop and advance in this way.

Effective communication:

Messi is famous for his superb on-field communication abilities, both in terms of his gestures and words. He is able to communicate his goals and objectives to his teammates clearly, which promotes trust and a productive team environment.

In life, effective communication can do wonders for anyone and one should learn this skill from this football legend.

Encourage cooperation:

Messi’s achievement is the result of his capacity for effective teamwork and making the most of his teammates’ advantages. He is excellent at bringing out the finest in his teammates and motivating them to collaborate to achieve a common objective. You will need the support of your friends, family, and colleagues to move forward in life. You can take motivation from Messi’s deeds in that case.

Adaptability:

Messi’s ability to adapt to shifting circumstances and difficulties on the field is an important leadership trait. He can change his tactics and strategies in real-time to capitalize on chances and overcome any obstacles. Messi joining PSG in the summer of 2021 is perhaps the most high-profile transfer of modern times. He played for Barcelona for a long period and adapting to a new team would not have been possible without this skill. Everyone needs to adapt to different situations and Messi can be a role model for each one of them.

Confidence:

Messi shows passion for his own and his teammates’ abilities. This contributes to the development of an optimistic and self-assured group scenario, which is necessary for success. The way Messi has stood confident in the last few years shows a lot about his character. Every leader should stand tall like Messi and stay confident in whatever skill they possess. In a sudden turn of events, seven-time Ballon d’Or winner Lionel Messi was left out of the final 30-man list of nominees earlier this year. But he didn’t lose the confidence he carried in himself and has emerged as the world champion now.

Creativity:

Messi inspires his colleagues to go outside the box and attempt new things because of his creative and original approach to the game. This encourages a culture of invention and experimentation, which results in better performance. If you want to be a leader, learn the art of creativity from the football maestro himself.

Establish precise goals:

Messi helps his team in establishing specific goals because he is motivated and laser-focused. By setting up specific goals, he contributes to keeping his team inspired to stay on task. Messi has done this and now he is the world champion. You will be on the path toward glory if you learn this skill too.

Related: How To Achieve & Set S.M.A.R.T Goals?

Encourage expansion:

Messi constantly strives to develop as a player, and he inspires his teammates to follow the same. He contributes to the creation of a culture of ongoing learning and development by offering chances for both personal and professional improvement. Whether it is any business or life, you too need to expand from wherever you are.

Resilience:

Throughout his career, Messi has encountered numerous difficulties and failures, but he has always recovered and persisted. He serves as an example of resilience and tenacity, and he motivates his teammates to maintain their concentration and stay focused on pursuing their objectives.

These are Lionel Messi’s greatest leadership lessons, which motivate people around to advance in life. You can achieve your goals by incorporating each one of them into your daily schedule.

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Motivational

8 Golden Rules For Living A Successful Life

8 Golden Rules
8 Golden Rules For Living A Successful Life

To live a rich life, one does not necessarily need to be affluent; even a tiny portion of a wonderful life is worthwhile. However, the things that will allow you to live lavishly and make more money are habits, behaviors, and ultimately “rules“. It requires time to be completed. This requires time but before that, there needs to be a quick way to do it.

Often in life, you fail, but if you keep trying, and keep getting better, eventually you will succeed. However, if you believe that you will never be successful, you will never become capable of doing so. Here are 8 golden rules that will help you in living a successful life if you embrace them in your daily life:

1. Invest in your future

Investing in oneself is the most beneficial investment you can make. Always strive for listening and learning. Engage in the activities you enjoy. Making time for oneself is essential. We, humans, are more productive when we are internally happy. Whether it’s spending time with your loved ones or your dog, pampering yourself at the spa, reading a book, playing sports, napping, or simply enjoying music; it’s all part of your “me time”.

2. Never Compare Yourself to Anyone

Never compare your targets, growth, and outcomes to those of others. Instead, distinguish yourself from your former self. Ask yourself if you’re doing better today than you were the previous day. Even if you are only 1% better than what you were yesterday, you are progressing significantly.

3. Embrace Positivity

You’ll be happier and have access to a lot more opportunities if you adopt a positive outlook. By seizing the possibilities that come your way, you can enable yourself to be on the path that leads toward success. You can know the ways of building positive energy by watching below video by the best motivational speaker Dr. Vivek Bindra.

4. Recognize Your Worth

Do not accept something less than what you are worth. When you understand your worth, don’t be hesitant to ask for what you can claim. Never do anything for free if you are extremely good at it. Once you understand your worth and even what you are bringing to the table, don’t be intimidated to ask for anything, and always try to go above and beyond what you deserve.

5. Stop Living in the Past

Nothing but your prior experiences makes you smarter and stronger. Move ahead of past mistakes, make corrections, take things as they are, and learn from them. Only if you get beyond your past mistakes, they will guide you to make sound choices; else, you’ll just keep making the same ones.

6. Build a Solid and Supportive Network

A person is supposedly recognized by the association they maintain. Have a solid, upbeat group of friends who discuss personal development, objectives, and thoughts and not other individuals. Be surrounded by good friends, colleagues, advisors, and colleagues who can assist you in achieving your objectives.

7. Enjoy the little things

 Never stop appreciating the little things in life, despite how much farther you have moved ahead in life. Always be appreciative, modest, and grateful for everything you have. Your current circumstance might not last forever.

8. Track Your Personal Growth

Don’t stop improving yourself; reinvest in yourself. Continue to learn and develop yourself by observing. Learn something new from each person you meet and each new challenge you have. By establishing personal objectives, seeking out new possibilities, and picking up new abilities, concentrate on growing yourself.

Rather than chasing bad things, you should allow good things to grab you to live a rich and happy life. These 8-pointers will work well for the cause surely.