Categories
Marketing

Tips to Network Remotely During The Corona Downturn

How to keep Networking with social distancing! 

If you are one of those outgoing types who loved to network and grow their professional web face to face, don’t lose heart! Even though physical networking has been halted because of the Coronavirus outbreak, there are many ways and means to still get going.  

Be proactive in finding ways to build an online network with the help of emails, social media, webinars, and online group chats. This way you will stay on top of mind and explore new information.

Leverage the power of technology and you will find that in-person meetings are not required to develop and build relationships. Although we’re all practicing social distancing because of the Corona outbreak, here’s how you can maintain and grow your network while in quarantine.

Remember networking remotely is not difficult at all. You can still have your connections at a safe distance. 

    

Start by updating your LinkedIn profile:-

  1. Suppose you have not taken time out to make the most of LinkedIn, this is the best opportunity to update your profile and connect with people. 
  2. You can always ask your connections for recommendations.
  3. Stay connected to people who are from your industry.
  4. Join new groups you are interested in. Many groups and communities offer a high degree of interaction with forums, podcasts, training, offline events, etc. Take an active part in these communities; don’t just go to the sites.
  5. Work on your existing networks. Share unique content and posts that interest them. Start a conversation with your existing network and tell them about your work.
  6. If you are a business owner then connect with your clients to share updates and ask how you can support them even if they are not in a position to engage your services.
  7. You can stay connected with varied professionals and can get informed about the new stuff happening around the world.
  8. Smartly share your company, services or product details on LinkedIn. The point is to be as visible as you can.

Use Facebook and Twitter for professional networking

  1. Participate in Facebook and Twitter groups to grow your professional network.
  2. Facebook and Twitter allow you to connect, discuss, and network with each other with a common interest and topic.
  3. Start making videos to promote your business and build your brand. Make sure your video must be trendy and should have unique content.
  4. Post relevant updates, product knowledge and awareness about the service/product.
  5. Start doing surveys to know your target audience and their interest.
  6. Advertise on your platform; banners, sponsored posts, stories, go live with your service/product, brand mentions.
  7. Follow other companies of your interest and get updates.
  8. Focus on the right people. You need to concentrate on people who will be able to make a difference to your business or career.
  9. Find out some time during the day to contact clients/people you haven’t recently kept in touch with.
  10. Ask your clients, how they’re managing? Make sure that it is not a sales call, it is a goodwill call. They will remember it later.
  11. Try to take a daily break from work to send short notes to former colleagues and other contacts and let them know that you are thinking about them. It is friendly gestures like these that will help you keep you in touch with them.

Other ways to communicate online

  1. Blogging and email newsletters can complement your online networking.
  2. Both can also be time-consuming, as to remain current the material must be updated regularly in the minds of your audience.
  3. The Blog offers the audience a platform to get to know you better but it only works when your target audience spends the required amount of time to read it.
  4. It equally applies to online newsletters too.
  5. Fill the gap in between you and your audience and let them know about your products or services, build your brand, alert them about the latest updates & happenings in your company.
  6. Online Networking with a newsletter can help you engage with your target audience and generate support and interest.

Always remember that social media can be a very powerful tool to build Online Networks. It can also raise awareness and branding with regards to your business amongst the community if done properly. 

Be proactive in finding ways and utilize social media for Online Networking while maintaining social distancing during the outbreak.

Categories
Finance

How GST Can Benefit Your Small Businesses

Benefits of GST in business

The benefit of GST in business has positively affected different areas of the Indian economy. Depending upon the industry you work in, GST has its advantages. We are actually looking at low inventory expenses that can benefit the Indian economy in the long run.

Let’s discuss some advantages of GST in India:-

1. GST eliminates the cascading effect of tax

GST has been designed and implemented to bring indirect taxation under one umbrella. More importantly, it eliminates the cascading effect of taxation. Cascading tax effect can be best expressed as ’Tax on Tax’. To reduce this problem, the input tax credit (ITC) was created under the benefits of GST to businesses.

The concept is simple ’ you purchase the supplies for your business from different vendors and pay GST when required. Then, when you sell your service or products, you charge GST from your customers. Every month, the government authorities expect you to pay that amount in taxes.

2. Higher threshold for registration

Earlier, in the structure of VAT, business with a turnover of more than 5 lakh (in most of the states) is liable to pay VAT (Value Added Tax). Also, the tax depends on the nature of business you are operating in, and service tax was exempted for service providers that have a turnover of less than 10 lakh. 

Now, with GST coming in, the service provider organizations with turnover lower than Rs.20 lakh are exempted and take benefits of GST in business. In the case of North-Eastern states, Rs.10 lakh is the threshold. This will help small business owners to avoid lengthy taxation procedures.

3. Composition scheme for small businesses

Under the GST regime, small businesses (with a turnover of Rs 20 to 75 lakh) can benefit and pay only 1% of the tax of their turnover as it provides an option to lower taxes by utilizing the scheme of composition. This has moved down the taxes and compliance burden on many small business owners. The benefit of GST to small businesses in India has also helped at reducing corruption and sales without receipts.

4. The simple and easy online procedure

The entire GST process (registration to filing the returns) is made online with super simple operations. This is beneficial for start-ups, as they do not have to get into different registrations such as VAT, excise, and service tax.

5. The number of compliances is lesser

Earlier, there was service tax and VAT, each of which had their compliances and returns. 

However, under GST there is just one return to be filed. Therefore, the number has come down of returns to be filed. There are approximately 11 returns under GST, in which 4 are basic returns that apply to all taxable individuals. The main GSTR-1 is manually populated and GSTR-2 and GSTR-3 will be auto-populated. Under the benefit of GST to business, the compliances are now lesser.

6. Defined treatment for E-commerce operators

Before the GST regime, supplying goods through e-commerce was not defined. It had variable VAT laws. 

For example, The e-commerce brands were treated as facilitators or mediators by states like Kerala, West Bengal, and Rajasthan which did not require them to register for VAT but if the online brands are delivering to let’s say Uttar Pradesh, they had to file for VAT and mention the registration number of the delivery vehicle otherwise the tax authorities could seize goods if the documents were not produced.

All these confusing compliances have been removed under the benefit of GST in business. It has now clearly mapped out the inter-state movement of goods for the provisions applicable.

7. Improved efficiency of logistics

Earlier, In India, the logistics industry had to maintain many warehouses across states to avoid the inter-state movement and CST which pushed them to operate below their capacity.

However, these restrictions on state movement of goods have been lessened under GST.

As an outcome of benefit of GST to business, Instead of operating from other cities, the logistic aggregators have shown interest in setting up the warehouses at a strategic location which leads to a reduction in unnecessary logistics expenses and increasing profits for businesses.

As the GST in business eliminated the varied state taxes, It opens ups India for business. 

8. Convenient Filing

For a small business, one of the best things about GST is its convenience. In the old system, the owner had to pay and track a variety of taxes, which included service tax, central excise duty, purchase tax, luxury tax, countervailing duty, and many other taxes.

Under GST, the small business owner, only needs to pay a single tax that makes your monthly and annual returns much easy. That means you can stay compliant without spending much money on a tax professional. You can handle each step of the tax process by using the online GST portal, from registering for GST to paying your taxes.

The GST system is relatively easy to master for the small business owner. Once you get the hang of the forms and filing requirements, you can streamline your accounting to save time, energy and money.

Categories
Process & Business Expansion

Importance of Customer Survey in Business Growth

जॉब
जॉब

3 Ways Customer Surveys Can Improve Your Business

Today it is very easy for business owners to reach out to their prospective or existing customers through an online customer survey. These business surveys allow the company to interact with the market directly.  Customer surveys can help you gauge how to retain existing customers and also find ways on how to attract new ones. 

A Customer survey is a valuable tool for achieving product innovation, making an important business decision and understanding customer pain points. 

Let’s understand a few benefits of customer survey and how it can grow your business: 

1. The survey can help you customize your product

  • Conduct a personalized survey for your customers and employees to ask about your product & get feedback.
  • Ask your customers to rate your product on a scale of 1-10. This technique is also called Net Promoter Score (NPS).
  • Whenever your customer buys any product from your website, send them a survey based on the product which will help you to understand their reaction and behaviour.
  • Customer survey data can tell you about the new trends in the market.
  • A survey can help you identify how much your customers are willing to pay if there is a demand for a particular product.

2. The survey can help you customize your service

  • You should always analyze the data and use that to improve your business strategies.
  • If you notice that your customers are having the same problem again and again it means your service is not addressing the issue, perhaps it is the time to take possible action to improve your customer service. A survey for customer satisfaction will help you address the issue.
  • Use negative feedback as a learning and growth opportunity to improve your services.
  • Try to make the Customer survey short and simple to follow.
  • Survey needs to be prompt and personal if you want to grow your business.
  • The most critical lesson you can take from a survey for customer satisfaction is that there is always a scope of improvement in your product and service.
  • Show your customers that you are taking their opinions seriously and are making some important business decisions based on them. Make them their opinion is important for your company.

3. The survey can help you understand your customer beyond just business

  • In the end, our customers are more than a name on the screen.
  • You should always focus on the pain points of your customers beyond just business to improve the survey for customer satisfaction.
  • Start collecting their birthdays, anniversaries, family details, etc. to touch them emotionally.
  • Send them offers and discount coupons on their special day to make them feel important; this will also lead to more sales and revenue generation for the company.
  • The best Customer survey includes open-ended questions, scaled questions and the combination of yes/no question.
  • Send a thank-you note or good health mail regularly to make them feel that you care for them. This practice will keep them interested enough to come back again for the purchase.
  • Write blogs on tips and tricks on the best use of your product based on customized needs which you have gathered through survey for customer satisfaction.

A Survey for customer satisfaction is more than just collecting the data and improving your product. It also creates a sense of involvement and importance in your potential customers. You want your customers to know that their opinion is important and matters to the company.

Here are the top 4 reasons you must be in touch with your customers regularly:-

  1. Show them that you respect-
    Asking for their valuable opinion shows them that you respect what they say. A customer that feels respected and important will stay with you for the long run.
  2. Measure their loyalty-
    Analyze the existing customer data to know their loyalty towards your company or product.
  3. Identify new opportunities-
    With the help of regular customer surveys; one can identify their need and problem which will lead you to delve on a new opportunity to solve that problem.
  4. Learn more about your customer-
    By understanding their needs, personal feelings and what they want, you can directly get to know how they think and feel. 

Customer survey boosts the overall brand awareness amongst your target group and strengthens your brand image in their mind. Try to customize the look and feel of the survey according to your audience. Select different colors and font for unique customer experience. However, the outcome should be one- valuable insights that can help you garner a high score on customer satisfaction.

Categories
Powerful Personalities

Learn From The Best Leadership Trainer in India

Making of a Great Leader

“Leadership and learning are indispensable to each other.” – John F. Kennedy 

Extraordinary leaders will think uniquely in contrast to many people. Individuals in leadership positions don’t believe in the concept of speculation before acting. Believing and thinking in the right direction is the aptitude a leader possess. 

An extraordinary leadership trainer works around the outlook of development, plenitude, greatness, achievement and the persistent quest to achieve their goals. We call these individuals “Development and Growth leaders.”

A Growth Leader is somebody who makes, moves, plans and guides a team to perform reliably and consistently even under testing conditions in the mission to work towards a common objective.

A Leadership trainer never accepts that ability and capacity are fixed. According to them, capacities and abilities can be supported, empowered, and created whether it’s through exertion, constancy or going through a learning curve. They accept that efforts and persistence gained from disappointment can improve the performance for themselves and their group.

Growth leaders effectively look for approaches to urge and motivate others. Leaders who cultivate a development outlook inside their association understand that the outcomes accomplished by their approach and strategies reflect their own leadership aptitudes and capacities.

A Leadership trainer leads from these core values:

  • To motivate
  • To strive for
  • To desire big
  • To have fire in their bellies and;
  • To soar higher

Developing others is perhaps the most noteworthy reason for living. A flame loses nothing by lighting another flame. Effective leaders can be built through great leadership trainers and training. Let’s discuss a few points on how leadership trainers in India can benefit you and your organization:-

Increase profitability and productivity
 

The right leadership can build the profitability and productivity of your team. At the basic level, leadership is tied with understanding your team emotionally. Dr. Vivek Bindra who is a motivational speaker and a famous leadership trainer in India
says ’You are not leading your life… Your patterns are leading your life’.
Passionate insight is all about being smart about feelings and utilizing compassion to enable and connect with the representatives. Leadership training that includes passionate knowledge and emotional intelligence can sharpen these enthusiastic abilities in your team managers and pioneers.

Hold your people

75% of individuals intentionally leaving occupations don’t quit their employments, they quit their managers! It’s hard to believe, but it’s true, employees leave inadequate leaders. By putting resources into leadership training, you can hold your employees and lessen exorbitant recruitment costs.

Sustain future leaders

You should be strategic about creating and sustaining the future of leaders. Without technique and strategy, leadership positions are usually given to the most forward applicants with predominant characters. Quality leadership and authority are a blend of the correct qualities and the right leadership training. Recognize the individuals who have the stuff and furnish them with a focused leadership trainer in India. Sustaining future leaders supports progression planning and offers vocation pathways to the employees, further expanding retention.

Increase employees commitment
 

We all prefer to know how we are advancing in our jobs, accepting applause and a reward for valuable input is always a great booster. 43% of profoundly engaged workers get feedback at least once in a week contrasted with just 18% of those with low commitment and engagement. Giving input and feedback is the ability of a successful leadership trainer. Through leadership, you can show viable approaches to offer input and feedback to motivate and build the expertise level of your employees.

Implement a successful leadership style

Leadership training can help with executing the most fitting leadership style for your association and the work you do. There are many leadership styles, all with their own points of interests and inconveniences. Leadership trainers in India like Dr. Vivek Bindra can enable individual pioneers to build on their very own leadership style that their colleagues will best react to and appreciate as well.

Settle on better choices

Last but by no means the least: A leadership expert can bring about better dynamics and decision-making. How? Since leaders workings at a significant level of knowledge and emotional intelligence have a point of view and an analytical mind to make intelligent business choices, having gone through a leadership training exercise they can channelize decision making in the right direction. The entire business is based on making important decisions and that is what a leadership trainer can add to your company

Here are some traits that need to be emulated from a successful leadership trainer:

  1. Realist, positive thinker and an opportunist.
  2. Love to learn and consider what they realize.
  3. Good audience and a listener.
  4. See potential in others.
  5. Kind individual.
  6. Resourceful.
  7. Great communicator.
  8. Create and keep up incredible connections.
  9. Like to win and celebrate.
  10. Confident and mindful.
  11. Prepared to stand firm for their convictions, qualities, and morals.
  12. They don’t frenzy in troublesome circumstances.
  13. An out-of-the-box thinker
  14. Happy to give credit and assume fault.

The accomplishment of leadership training consistently relies upon how it is done. Recall the best leadership trainers you’ve had at any point. I’m certain you can recollect the person immediately since great leaders leave a mark in minds and hearts of their people. What is it about their leadership that motivated and energized you? Incredible pioneers move and rouse to people to bring out the best in them and their work. All things said, it is significant that you have a viable leader in your work environment to enable and impact your people to accomplish business and group objectives.

Categories
Powerful Personalities

The Best Business Coach In India

Best Business Coach in India
Best Business Coach in India

Summary: Do you want to achieve success in your business?  Here is why you should hire a Business Coach!

A business coach has the ability to turn a business around, increase sales, structure and implement relevant strategies, basically use his expertise and help you cross milestones in your business.

Regardless of what stage your company is at, a business coach can make your trade grow 10X. There have been so many entrepreneurs and small business owners who have worked along a business mentor and got amazing results.

Though Business coaching impactful in every scenario, it works best in two scenarios-

1. When a business owner wants to reach to a wider audience and increase its customer base.

2. There is a gap between where the business is currently, and where it needs to be.

However, building a business from the scratch is not easy. An entrepreneur who might have a wonderful business idea may lack excellent strategizing skills. Here, a business coach who excels at launching start-up businesses can help.

From making strategies to maintaining sheets, when a business is at an initial stage, entrepreneurs have to play multiple roles. It is natural for entrepreneurs to get overwhelmed by the humongous amount of work. Hence, they lose their focus that is essential to make vital decisions to run a business successfully.

From giving a genuinely necessary self-image and ego check, a business mentor can give you both the devices and the viewpoint to go from point A to point B.

There are multiple areas in which a mentor can assist business owners. Some of these issues are:

  • Lack of direction
  • Unable to pitch & close deals
  • Irregular income
  • Deficient benefits and profits
  • High Attrition Rate

Organizations that experience the ill effects of any of the above should take the advice and services of a business mentor. Many successful organizations have used a business guru and coach as their secret weapon.

Let’s discuss a few points about how a business coach can help you in success:-

1. Motivates & Support you to Achieve More

When you have somebody who keeps a stock of what you’re doing, you will feel empowered and confident in your own skin. You’ll be flabbergasted at the things you can achieve. Having an emotionally supportive network around you or hearing a couple of inspirational statements can lift your spirits when you’re down.

Being an entrepreneur means having your own experiences of ups and downs. With everything going on around you, it can get overpowering, disappointing and even desolate at times. A business motivational speaker will be there in a jiffy, helping you make that next stride towards progress.

The crux of the matter is to arrive at a spot where you have all the instruments in your toolbox to deal with the problem. To reach such a stage, a mentor can be a great support system. Dr. Vivek Bindra who is a renowned business coach and Motivational Speaker  have changed the fortunes of many entrepreneurs through his insight and wisdom and has helped them do some extraordinary work

2. Helps You Build Connections

The more you are associated with effective people, the more you will succeed. Besides the other incredible focus points mentioned in this article, a business coach can help you build meaningful connections. With their years of experience, they can also help you with networking. They know you and how you respond in a particular situation. You will be on top of mind recall when the fraternity knows who is associated with you.

3. Helps You Set Realistic Goal

Without having an aim or a single goal no one can make progress. Without an objective life is directionless. On the other hand only setting goal is not enough. One has to work hard to achieve it.

The best business coach in India can help you set realistic objectives as well has achieve them. You as an individual should be certain that you need to chart out a goal and spell it out clearly. Any top business guru will make sure you keep attempting it till you succeed.

4. Pushes You Out of Your Comfort Zone

They challenge you to attempt new things, think big, hop higher and truly go for what you need. Bold objectives are the ones that alarm us to death, yet for an accomplished business mentor, they know exactly how to chart the path to realize them.  At that point, once you arrive at those insane objectives you’ll feel powerful and certainly soar high!

5. Helps You Take Ownership for Your Actions

A top business guru can do wonders for highly occupied business owners. As you run a developing association, things can get intricate; you get going and then something happens that pushes you off things. This is when the best business coach in India steps in. You will be made responsible and accountable for accomplishing certain tasks, and this by itself will make you progressively powerful.

A top business coach will assist you with organizing your business such that it will empower the whole system to give fruitful results keeping your psychological and physical wellbeing in mind.

With the innovation and technology available today, you can take care of your personal well-being and give the best to your business at the same time.

When you discuss your alternatives with somebody who can listen patiently, it can give you a great deal of clarity. You’ll generally get honest and productive perspectives.

Advantages of working with the best business coaches:

  1. Increment your marketing adequacy and sales transformation to develop your revenue.
  2. Improve your cost administration and grow your profitability.
  3. Increase the level of consumer loyalty which can fuel word-of-mouth promotion and guarantee continuous income for your business.
  4. Draw in, oversee, and hold up the quality employees.
  5. Make productive and compelling frameworks which will bring about smooth operations.
  6. Create procedures and systems with the objective that you gain feedback about your business execution.
  7. Explain your vision and purpose and take care of your business dissatisfactions
  8. Recognize and make the most of opportunities
  9. Explore a changing business sector or economy
  10. Create and refine your thoughts
  11. Become progressively responsible
  12. Structure strategies and devise an action plan
  13. Become a progressively powerful leader

Maintaining & running a business alone is an intense task, and can be difficult at times to manage effectively. Like on the personal front, you need your family, your partner or friends for support similarly for running a successful business, you must have a business mentor.

Hiring the best business coach in India is an important asset you can rely on and look up to when you need direction for your business or even a friendly ear. Dr. Vivek Bindra, a Guinness World Records holder for the largest online business lesson believes that the right guidance can not only change your business outlook but also your perspective of running it.

Categories
Marketing

Maximizing Marketing Effectiveness With a Small Team

Generating revenues is the main objective of every business. Revenues will come with continuous sales of goods or services. It’s no easy feat to continuously generate great revenues in this competitive business environment. Here marketing and promotion play an important role for a company. An effective marketing strategy can help one achieve a competitive advantage and connect with the consumer.

Here are some of the Best Marketing Strategies which every business should follow, and can be executed with a small team: –

1. Finding the right TG (Target Group)
 

Every business needs to find the right audience. The effectiveness of marketing strategy can only be analyzed by the processes used to identify the right targeted audience. Target customers could be of a specific demography- age group, particular geography or having particular buying patterns. If one fails to identify the right TG then all these Best Marketing Strategies applied to the wrong target group will be of no use.

2. Positioning

After finding the right audience, the next important step is how to fit your product or service within the selected group of people. People should know how the offered product or service is better than the one offered by competitors. This will be done by creating uniqueness in your offering. It could be in the form of a unique design, attractive pricing, freebies, after-sales service, product warranty, etc. 

You position your product in a way that it creates a space for itself in the market full of competition.

3. Communication

One of the Most Effective Marketing Strategies is clear communication with the target audience. After you create a differentiation between the product or service offered by you amidst competition, communication of the offering becomes crucial at this stage. All the product USPs and specifics about the offering must be communicated to the target group clearly. No company would be able to penetrate the market without effective communication.

Detailed product specifics, Videos, social media, high-quality content are a few of the major tools of communication.

            

4. Channel

TV Commercials is the best channel of communication for an Effective Marketing Strategy. Though TV Commercials are one of the expensive options which every business cannot afford to go with. As per the budget, one could opt for a mix of different channels like print media, Radio, Banners, Social media, etc. For a small business owner, social media marketing can prove to be an effective and cost-efficient medium. However if a business wants to advertise on TV, then you can start your plan with Local TV or cable TV advertising and then according to budgets take it National.

Wrong channel selection can seriously damage the Best Marketing Strategy plan.

5. Customer engagement

To check the effectiveness of a marketing strategy, a customer engagement plan must be put in place. This step confirms that all the communication is being received by the target group. One can share email newsletters, discount coupons on subsequent orders, contests on social media or devise customer loyalty programmes. Engagement could be in the form of scratch cards, online quizzes, social media games, etc. Engagement activity is essential for keeping your customers busy and connected with new developments in your brand. 

6. Review

Now, it’s time for a business to evaluate the results of these Best Marketing Strategies with their marketing plan. The objectives of the marketing plan should be clearly discussed before you devise a plan- whether it is attaining reach, awareness, lead generation or direct sales for the company. If there is a major difference in the expectation from the Market Strategy and the results one has achieved, a review of the whole strategy will help in understanding the gaps. Corrective measures can be implemented as per requirement.

An Effective Marketing Strategy is based on 2 simple principles- Objective or the goal and the final outcome. If one is not clear what they want to achieve, even by implementing the Best Marketing Strategy, all activities planned would not yield the desired result.

Categories
Powerful Personalities

Renowned Business Strategy Expert in India

10 Reasons why you need a Business Strategy Expert

Business strategy is not about achieving academic excellence in management but needs an understanding that is deep-rooted, sharp along with a strategic skillset that can leapfrog your business into the future.

There are many renowned business experts in India and across the globe- all with a vision par excellence and the ability to understand the nuances of business functioning. Dr. Vivek Bindra has been one such mentor for many entrepreneurs and corporate houses giving them a strategic direction on how to grow their business. 

What does a Global business strategy expert bring with him?

1. In-Built Decision Making-

The decision-making process is one of the most critical processes in your business. Experience of business dynamics, industry trends, and facing unique business scenarios on the ground helps build this intuitive sense of taking decisions in complex situations. A business strategy expert can find the gap, analyze, and define the problem solution by taking a well thought out decision.

2. Clarity of Thought-

Every business leader has made a mark for themselves because of being blessed with this quality. Clarity of thought, clarity of approach, and clarity of the outcome in everything that they do. The professors of Bada Business family, whether it is Manu Jain from Xiaomi, Kiran Mazumdar Shaw from Biocon, Dr. Lal from Lal Pathlabs, or Dr. Vivek Bindra, each one of them has a clear focus and an orientation that emphasizes on growth. They have the ability to scale businesses and therefore have become billionaires in their respective industries.

3. Relevance-

Every business decision is based on relevance and that is a great quality that a global business strategy expert possesses. Information, data, and feedback have great relevance for business, and if the managers don’t analyze it in the right way they can lose out on a big opportunity that the business is awaiting. A business strategy expert can help you decipher the relevance of such information and help you use it to your advantage

4. Problem Solving Skill-

This is one skill that is critical to every entrepreneur because entrepreneurship is full of hurdles and ups and downs. If you notice how Dr. Vivek Bindra, a renowned business strategy expert devises content for his Problem Solving Courses that are available to entrepreneurs to solve their burning problems. Every course under this category has been curated with a lot of effort, research and a pointed approach that can help the entrepreneur find an instant solution to his everyday business problems. Sometimes you just need a third perspective to solve your problem because the business owner might be pre-occupied with many other things going on in the business. 

5. A Positive Attitude-

Attitude defines your personality and the way people define you. A positive attitude in business is a must because it is very easy for an entrepreneur to give up when the going gets tough and it is this positivity that keeps you afloat. Any global business strategy expert will attribute a large chunk of success to the positive attitude that is honed by an entrepreneur. And it is with this positive outlook that these experts help businesses swim through the tide of entrepreneurship. 

6. Ability to Scale Businesses-

One of the core responsibilities of a business coach and trainer is the ability to help businesses scale and reach greater heights. They help in enabling growth as they bring with them the innate knowledge of setting up systems and processes that helps the business to scale and garner higher revenues. 

7. An Analytical mindset-

Experts with an analytical mindset can help analyze trends and upcoming arenas of growth. An expert can solve complex business problems which bring in a high degree of stability in an organization. A business cannot function smoothly without having an analytical mindset as a critical skill in the top management and the experts associated with them. 

8. Planning-

Planning is the foundation of every business. It helps you achieve your objective/goal that you have set for your company. A business strategy expert can help in the entire planning process and make it absolutely goal-oriented. With the help of the expert you can minimize haphazard decisions, leverage the power of technology, and utilize resources in a highly efficient manner. Whether you work with a business expert in India or someone who is a global business strategy expert, their expertise in planning can help you set a lot of things in motion that perhaps were stuck with for a long time. 

9. Leadership-

Business experts are born with leadership skills and they make sure you as a business owner also show exemplary leadership qualities so that the organization looks up to you in times of despair. Dr. Vivek Bindra who is a leader in his own right. Not only has he taught leadership and management skills to many top honchos but also has set an example by leading a profitable, successful, and happy organization.

10. Motivation-

One of the most important qualities of a business strategy expert is motivation. Motivating a business owner can actually bring out the best in him with some hidden talents at play. It can boost an individual’s creativity and align him back to the goals that he had set. Constant monitoring by an expert can act as a great motivation for an entrepreneur to remain focused and keep going. Dr. Vivek Bindra, an internationally acclaimed Motivational Speaker
believes that business coaching and motivation goes hand in hand. With the help of one quality you set your goals and with the other you strive to achieve them.

These 10 reasons make it compelling for a business owner to take tips and hire the services of a business strategy expert. Under their guidance and expertise, an entrepreneur can plan out his SMART goals and work towards them. We all know what SMART stands for:

  • Specific
  • Measurable
  • Achievable
  • Relevant
  • Time-bound

With constantly changing business dynamics, entrepreneurs are in fact expected to have goals which are no just smart but SMARTER than the rest, with E signifying- Evaluate and R- Review. A business strategy expert can help achieve these goals by playing a pivotal role in the journey of a business owner. 

Categories
Startup

How to Start a Packaging Business in India

स्टार्टअप
स्टार्टअप

STARTUP TIPS FOR BEGINNERS IN THE PACKAGING BUSINESS
 

A new business faces many challenges in its inception stage. Not only is it important to offer a quality product and service, but also create a distinct brand that appeals to the customer in the market. 

It is extremely critical to decide on how you want to present your product. The right product packaging business plan is not only responsible for establishing the brand and product, but it is also important for its overall success in the market. If you want to give your brand an exclusive image, packaging can make all the difference. Packaging that is designed smartly not only lends an attractive face for your brand but is also an integral part of the marketing plan as well. 

Let’s discuss some brilliant tips that you should keep in mind when it comes to a packaging business start-up:-
 

1. Consider a multiple packaging business plan
 

  • According to your product offering, finalize your packaging requirements. Go through a thorough research to get an insight into what kind of packaging is best for your product.
  • Spend adequate time on research and closely study the various packaging options available. Packaging should guarantee that the chances of the product getting damaged are close to nil. Should be easy to handle and leave an unforgettable impression on the minds of the consumer. 

2. Cost-effective packaging solution

  • You cannot get carried away while deciding the packaging design for your product at the start of your business.
  • You need to focus on a visually appealing packaging, by keeping the expense of the packaging business plan at bay.
  • Make a strategy on how you want your brand and product to be portrayed but at the same time make sure it does not leave a dent in your pocket.
  • You can opt for a bulk or online option which can be cost-effective.

3. Pack small
 

  • When it comes to saving on the packaging cost, judicious use is the key.
  • Opting for a light packaging ensures to cut down on unnecessary costs. Take care of the volumetric weight of the packaging as well.

4. Inventory management

  • Inventory management is crucial for a new business owner. Sometimes stocking large quantities can lead to slashing down of the prices.
  • According to your business requirements, you must analyze the stocking options in concurrence. Inventory management is a cost-effective and beneficial process for a business owner if managed smartly.

5. Create a purposeful packaging business plan

  • If you want to create a perception about your brand and product in the mind of your customers, build a purposeful packaging for your product
  • Make sure you convey relevant information about your product and brand with your packaging if you are a starting-up.
  • If you want your customers to recognize your brand and product in the long run, then the company ethos and logo must be there in a lucid or gripping fashion on your packaging.

6. Go Green

  • Customers relate emotionally to brands that are morally responsible. Many organizations are reporting on using sustainable material for packaging.
  • Being a start-up or a small or medium business, you need to be aware of the new trends and apply them to your packaging business plan.

When it comes to creating a recognizable packaging experience, there are unlimited possibilities that can be explored in a packaging business plan. You can experiment endlessly with your product packaging. The packaging is an important function especially when you have started a new venture and are looking to foray into newer markets. So make sure you customize your customer experience coupled with packaging like never before can give your brand and product a new identity.

Categories
Finance

Common Challenges Faced by a Small Business While Seeking Funds

ऑनलाइन बिजनेस
ऑनलाइन बिजनेस

Running a business comes with a number of hurdles and challenges for a business owner. One of the most important and common issues for business failure is lack of capital to keep the business in operation. Educate yourself and understand the small business challenges in financing to avoid making these mistakes.

1. Lack of Capital

  • This is an important reason why start-ups often fail. The business owner doesn’t have a credit history or a track record that can help the lender evaluate the business and its creditworthiness. Having no track record does not mean that the business has no merit; it just means that the lender does not have anything to evaluate or compare it with. The lender needs to evaluate whether you can use the credit successfully. A study shows that business owners who have a better understanding of their business credit score are 41% more likely to get a business loan. Certain you need to keep in mind while asking for finance for your business:
  • The track record and business credit line will take time to build.
  • Analyze your business credit card and credit score.
  • It is easy to get qualified for a small credit value so maintain it and start building a good business credit profile. Make sure that you have good credit behaviour.
  • Try to get trade credit from your vendors and suppliers; it is one of the great ways to build a solid credit profile. You can show your suppliers and vendor’s credit track report as a good history to your financer.
  • Build a personal and business balance sheet supported by the income tax paid to justify your track record.
  • Create a detailed small business challenge plan that focuses on scalability, market size, product development, competition, and marketing strategy. This road map will help you to drive smoothly for the future. The idea is to anticipate challenges and work towards strategies that can help you cross these hurdles.

2. Difficulty in demonstrating you have the income to service debt

  • The financer always wants to know about your ability to service debt. They are more focused on whether you can make periodic payments or not? It is unlikely they will approve your loan if you and your business do not meet their income bracket or cash flow requirements.
  • There are many other sources of capital that do not require the same credit details.
  • A microloan can be a good option for you if you have the ability to leverage a small amount to produce a big result.
  • Crowd funding can be another option if you have a solid business idea.
  • Spend time to create a solid pitch and presentation which can motivate the crowd to donate.

3. Understand your financial reports

  • A common small business challenge is that some entrepreneurs don’t understand their financial reports. The financial report shows you the health of your business. Generally, you don’t have to be an accountant to understand it but you should be familiar with the metrics of your business accounts. Your financial report or the cash flow is critical to monitor the health of your business and it clearly indicates whether your business is ready to raise capital or not.
  • If you are not very good with accounts, you can always hire a charted accountant, an expert who can identify the potential gaps to improve your business profits and maintain a healthy cash flow.
  • To address the financial challenges, review, research and revamp your business plan again and again.
  • Dive more into your financial report to understand the numbers and to avoid any financial challenges in the future.

Overspending, a poor capital structure and lack of reserve funds are the common reasons why a small business owner fails. According to the Small Business Association, around 44% of small businesses survive for at least 4 years and then the business owners fail due to the immense financial challenges faced by them. So before seeking finance, try to work on the weak areas of your business. It is not that difficult to eliminate these small business challenges if the business owner exercises little caution and invests his time wisely to focus on the above tips.

Categories
Powerful Personalities

Grow Your Business With The Best Business Speaker

Grow Your Business With The Best Business Speaker
Grow Your Business With The Best Business Speaker

Thinking about how to achieve your business objectives? The answer is simple. Take advice from a visionary business speaker whose acumen will guide you in the right direction and also devise strategies that will help you meet your goals. However, it is also important to find out what kind of inspiration and strategy will get your business going and make you rake in big bucks.

There are numerous approaches to try and build a strong environment that your business needs, but one such idea that is turning out to be progressively predominant is leveraging the proficiency of a business expert.

Business experts work closely with many corporates, successful brands, investors, entrepreneurs, and understand the entire ecosystem. They help you and your business to grow, remain motivated, and demonstrate to the people how to succeed even in tough times. A business speaker like Dr. Vivek Bindra is perfect to provide his expertise and his wisdom to help the businesses tread during the tough times and try and cease the opportunity that exists in the market. He provides key business strategies and motivation to the audience that has a direct impact on the performance of your business.

Strategic planning is required to procure significant and enduring outcomes. So here are a few reasons why you leverage the expertise of some of the best business speakers:-

1. Effective planning

During their everyday activity, it is hard for the administrator or the management team to discover time for innovating new designs and ideas for the business. Working on new strategies and execution plans would take a lot of their time, which isn’t feasible for any working trough. In this case, a strategic planning skill set of the best business speaker comes into play. His analytical mindset thinks of new opportunities that can be beneficial for the business. He can provide different alternatives and a detailed analysis on how to milk the opportunities present. With one side of the planning charted out by the expert, the team leaders will have the option to focus on the other different pieces of the business.

2. Outsider’s point of view

One of the top advantages of having a business speaker would be his business viewpoint. For any entrepreneur, their company is a result of the sweat and blood gone into setting up the establishment.  Because of your innate love for what you do, you view your business from only one dimension. This is the place a business expert would become possibly the most important factor and would draw attention to the pieces you are not paying attention to. The best business speaker in India would distinguish such parts and would give a compelling answer and solution for the issues. The entrepreneurs would not notice such problems as they probably won’t have the information or a profound comprehension of the issue. Thus the entrepreneurs would require some expertise for expansion and scaling of their business.

3. Motivation

Feeling stuck and deadened makes handling issues head-on a challenging task. Escaping the dreary day-to-day office life to listen to inspiring thoughts and stories from speakers can fill you up with positive energy that can help in business execution. Such speakers themselves have sometimes confronted many difficulties in life; but their morale is always held high. This is one such quality that Dr. Vivek Bindra, one of the top business speakers in India and a renowned motivational speaker in India own.

In only a few years, Dr. Vivek Bindra has transformed his career into one of the best examples of a well-working organization. Hearing how he conquered troubles through his everyday life, inspired each of his organization members to give the best in them.

When it comes to building critical thinking or problem solving, a little motivation can go far, and finding the best business speaker in India will maximize that potential.

4. What business Speakers Can Offer you

Having a business speaker on board can help your organization reach beyond its potential and what will be the path for the same.

For instance, if there are doubts on recruiting a senior leader and what his direct KPIs should be, a top business speaker in India like Dr. Vivek Bindra will provide great insight regarding what advantages could emerge out of this position and help the organization be on the lookout for the ideal candidate to make the company more grounded and stronger.

If you want to get all your employees feel motivated and work with efficiency, there is nothing better than tying up with a business coach that will help your organization reach the next milestone quickly.

5. Save time and cost

Having a business expert would save you heaps of time in many ways than one. Have you attempted to accomplish something you are not that good at? Did it take all your time and energy to complete the task proficiently?  Also, when you completed it, would you sincerely say that the outcome was perfect? Maybe not…

You don’t need to spend much of your time and mind on every strategy for your business; the best business speaker will provide your organization with such advice to make your business grow faster so that you can focus on the other important thing that you are good at.

6. Development

Doing everything without any help or advice could slow down the development of your business. By re-appropriating a few exercises, you can concentrate on scaling your business. Consider it as relinquishing the reins on your horse, and this would make it move quicker.

7. Opportunity to learn new things

The job of the top business speaker in India or an expert is to help entrepreneurs in boosting their business. The top business speaker in India will implement a few new business approaches, strategies, and modern patterns to accomplish this objective. Having the best business speaker on board, the organization, the business owner or the management will get an opportunity to learn new skills. Dr. Vivek Bindra explains the strategies and skills in a detailed manner with the goal in mind. Such an aptitude gives a new direction to the people running the core of the business helping it grow in an effective and sustainable manner.

8. Get a Good Reputation

Having a good reputation in business is significant; without this, clients will be wary of using your services, particularly if you are new to the industry or market. Potential employees who are experienced and qualified won’t have any desire to work for you. Attempting to grow a business without the right people or the right clients is almost impossible.

When you get on-board the best business expert to help you with your business, your reputation receives a positive outlook.

Clients will notice your seriousness about the deal and how the business is progressing. The expert will guide you on ways to keep your current and new employees motivated so that they look forward to working in your organization.

9. You can’t do it all alone

Nobody ought to be an island out there in business! No one is completely independent or self-sufficient; you need guidance and an ecosystem to sustain you. And that is true not only for businesses but for individuals too. People are meant to be in harmony and connect with each other.

There will be a few things that you can do well and that will elevate your business. However, there will be numerous components of maintaining and running a business that you don’t like doing, or those you are not good at and don’t have the perfect understanding of. The ideal answer is to get a business specialist for those aspects of your business. Discover somebody who can do what you can’t, and you will be free to cease newer opportunities and accomplish greater things.

A top Business speaker in India can give direction and consolation to business groups at any level; whether it is a front line salesperson, official chiefs or actually the entire organization. Business speakers usually have the mastery and experience in this field and a significant number of them share their methods and techniques for achieving success. In such a setting, the business expert unites everyone and channelizes their energy towards a common purpose.

With the expansion in the number of businesses, competition is also rising. It is getting harder for organizations to remain ahead in this race. For such reasons, recruiting the best business speaker in India would be a sensible decision. The business speaker would have the option to offer his understanding and guidance on various issues that perhaps would have been ignored by the entrepreneur.

These are a few critical reasons why a business would like to associate and take services of a business speaker or a business expert. They have the latest knowledge of the industry and the know-how of handling challenging situations. Therefore, if you are stuck and not achieving the kind of growth you anticipated, speak to a business expert and see the results; they could actually be game-changing!