Tag: Bada Business Community App

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Sales Webinar

Discover 5 Super Secrets of Selling that Will Grow Your Business Sales!

Discover 5 Super Secrets of Selling that Will Grow Your Business Sales!
Discover 5 Super Secrets of Selling that Will Grow Your Business Sales!

Summary: Be it a product or a service, sales is all about selling solutions!

Whether you are selling a product or a service- you are selling something that can resolve challenges that thousands of people might be facing currently. Irrespective of the product or service, selling requires interaction with your customers.

With so many entrepreneurs and startups cropping up, there is huge competition in the industry fighting for the customers’ attention. There are many videos on Dr. Vivek Bindra’s YouTube channel that can help you to increase your sales.

Here are five tips that will help you to increase your business sales:

1. A Customer is Human

Yes, some bots and robots have become CEOs in large organizations and are in the news. But the fact is that the customer in any industry is a human. Humans buy from other humans. Human relationships are the first and most important element. While you may work for yourself or a company, it is you who will be the first to experience a sales lead. Hence, always treat customers as humans first before seeing them as a customer and you will be amazed to see how they open up!

2. Sell Benefits, Not Features

Ever watched how Apple launches and advertises its products? They do not boast about the camera quality or the powerful chip. But they explain how you can capture beautiful moments via wonderful pictures and how you can share them with your family and friends at a lightning speed.

The biggest mistake entrepreneurs often make is focusing on their products and services while selling. But humans as we know are much more interested to know how a product will change their lives. How your product will add another dimension to their comfort or how your service can help your customers to resolve their existing issues. Always focus on how your product will benefit your customer.

3. Ask the Right Question

It is essential to ask the right question. You may have a great product or a service, but why will your customer buy it from you? Hence, understanding what a customer wants after building a relationship is significant to ensure that your products and services are relevant to them.

4. Know Your Product & Customer

If you are selling a wellness product, your target audience should be clearly defined. You can’t share your product with a person who is not health conscious. Hence, define your audience based on their demographics. They are the ones who will buy your product.

But before you can understand your customer, product knowledge is the key. If you are selling a software program, you must know what it is solving. How will it help your customers to perform their tasks more efficiently? Do you know your products and toolsets well enough to match them to the solution the customer needs? If you want customers to buy your product, you need to believe in it.

5. Build Human Connections

Spending huge money on print advertising or digital advertising is effective for established brands. However, it is least effective when it comes to new entrepreneurs building their startup businesses. There is no alternative or shortcut to the personal approach. Get one-on-one with your customer. There are many ways to do it- send those personalized emails, phone calls, or messages. You can choose anything to which your customer responds the most.

Businesses worldwide focus on increasing their sales numbers because selling is an integral part of the business. It is essential for the sustainability of the business as well. If you want to learn the ‘Super Secrets of Sale’ you must attend the FREE IBC WEBINAR by Dr. Vivek Bindra on October 9, 2022, from 12:00 to 1:00 PM on Bada Business Community App!

To know more, Register Now: https://www.badabusiness.com/webinar/ibc?ref_code=9webinardmt

Categories
Business motivation

5 Best Places To Find A Business Coach

5 Best Places To Find A Business Coach
5 Best Places To Find A Business Coach

Summary: Wondering where to find a perfect business coach for your startup? Here is a list of the five best places where you can start. You are guaranteed to be surprised!

Are you looking for a business coach or a mentor? If you are a young entrepreneur and lack experience in running a business successfully, you should start looking for the right mentor. Working with the right mentor provides plenty of benefits. Not only will you receive guidance and support from an expert, but you will also be able to leverage your mentor`s network of contacts. This may help you in finding new investors, making new clients, and finding more business.

However, the real trouble is finding the right mentor which is quite difficult. Mentoring is a time-consuming process. And, not all experience business owners will invest their time and effort to help budding entrepreneurs.

So where you can find a business mentor who is willing to invest his time and provide guidance to you? Here are some of the places to start:

1. Online Mentorship Community

Though there are multiple social media platforms, none of them are dedicated to only entrepreneurs where they can find the right business coach or connect with potential mentors. Bada Business Community App is an example. With usually little or no cost, you’ll be able to sign up, find prospective mentors in your area of expertise, chat with them and potentially meet in person to begin an extended partnership.

2. Professional Networking Events

Before hiring a business coach, always communicate with them. To initiate a conversation with prospective mentors, you can attend more networking events. Business leaders are always looking for prospective clients, employees, or partners for the future. At such events, you can meet many different areas and expand your network.

3. Fitness Classes & Groups

Business leaders often like to stay healthy and fit. This is why you will frequently find them in fitness classes and other related groups. You too can join Yoga or meditation classes. From there, you can participate regularly and improve your networking along with making your networking strong.

4. Industry Events

If you are looking for a mentor related to a particular field, there is no better place to go than business events. These events include webinars, seminars, conferences, tradeshows, and informal meet-ups. For instance, a few months back Dr. Vivek Bindra organized an event that aimed to enhance leadership skills.

The event was attended by many senior management leaders and successful billionaires. This event presented many opportunities for young entrepreneurs to connect with seasoned leaders.

5. Social Media

You can find mentors by searching for them on social media — especially through publicly available platforms like Twitter or professional-centric platforms like LinkedIn and BB community. With keyword searches, you’ll be able to find mentors that match your criteria, and by monitoring followers and engagement levels, you can determine a person’s reputation and willingness to talk with others.

Never lead with an outright request. Get to know your hoped-for mentor first; and, if you can, offer something of value to begin the relationship.

So, now that you know exactly where you can find a mentor, you may wonder whether it`s necessary to have a mentor in the first place. After all, so many people have become successful without a formal mentorship. But truth to be told, everybody has somebody to learn from. Hence, finding a best business coach can be beneficial for your professional as well as personal growth.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

Categories
Strategy

5 Powerful Parenting Strategies You Should Implement in Business

5 Powerful Parenting Strategies You Should Implement in Business
5 Powerful Parenting Strategies You Should Implement in Business

Running a business needs discipline, ground rules, and working as a family towards a common goal. Find out how you can blend a few parenting skills with your business.

Whether it is a large organization or a small company, every business owner considers his company as a “family.” Starting a business is very similar to having a baby. Just like a baby needs continuous love, affection, and proper diet on time, a company too needs every department to work in sync.

Successful leaders and business owners do not shy away from applying the art of parenting to good business practices. Here are five parenting strategies in business that can help you to become a better entrepreneur:

1. Ensure Rules Across the Organization

The best possible way to achieve your goals is through discipline. Ask any parent and they will swear by having rules. Enforcing essential rules is essential for business growth. It is very important to clearly outline behavioural expectations in communication. It is also important to ensure that employees clearly understand them.

Just like family members remind each other what is acceptable and what is not, give your employees a space where they can remind each other of the rules. Make sure that everyone understands the consequences of breaking the rules.

2. Focus on Values

Creating values in a company is no different than creating a positive environment in a family. Parents often try to model behaviour for their children because kids tend to adopt what they see. The owner of a business should use this approach of parenting to teach their employees some core values.

The application of the art of parenting in business also means encouraging good behaviour of the employees and discouraging negative behaviour of those in the team. When you see it happening in your team or your organization, call out the offending employee(s). Have an open discussion and send out clear messages about how employees are expected to treat each other.

3. Multitasking

Being an entrepreneur is more or less similar to being a parent. Just like parents have to play multiple roles for their kids at different times, entrepreneurs have to don multiple hats. Sometimes they have to be a salesperson, an accountant, or an assistant while taking care of business operations.

4. Keep Calm & Maintain Composure

One of the most important traits of parenting strategies in business is to keep your cool no matter the situation. Being a parent means taking care of the different requirements of children, which also includes their emotional needs. Children who are growing every day and getting exposed to new things frequently also experience mood swings, to which parents have to cater without losing their calm.

Similarly, building a startup from scratch is not an easy task. There are multiple things to be taken care of and various challenges that an entrepreneur may encounter. Keeping your patience and calm is the key to thinking about out-of-the-box solutions to overcome those challenges.

5. Always Be Fair

Changing rules without making people aware who will be impacted directly can create a chaotic environment in a family. Similarly, employees perform best when they feel appreciated. Each employee should feel that he/she is being treated fairly and nobody is getting preferential treatment. Ensure that you apply consequences even-handedly when a rule is broken, no matter who they are.

Every startup company is like a small kid. You need to constantly work your socks off for its growth and sustainability. So why not implement these parenting strategies in business?

Learn about the “Art of Parenting” by Dr Vivek Bindra, which is a free-for-all webinar. Be ready to learn some excellent parenting strategies on 10th July 2022.

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

Categories
Finance

Start Your Financial Planning With these 5 Effective Steps

Start Your Financial Planning With these 5 Effective Steps
Start Your Financial Planning With these 5 Effective Steps

Summary: Do you have a financial plan to fulfill your dreams? Here are five steps to take you closer to your professional and personal goals.

“A good financial plan is a road map that shows us exactly how the choices we make today will affect our future.” – Alexa Von Tobel.

Most of us plan for our studies, career, personal and professional goals that we would like to attain in the future. But when it comes to your finances, do you have a plan? Many people lack financial planning, thinking it is a time-consuming process. However, a personal financial plan is a formal process that has the power to improve your economic life.

Entrepreneurs must establish a plan to organize their finances to know where exactly their money is going. It is critical to formalize the process if you are serious about building wealth. You can work with a business coach who can help you build a strategy associated with your goals.

Here are five steps that will help you to develop a personal financial plan and growth strategy:

1. Analyze Your Current Situation

It is essential to review and analyze your current financial status if you want to create a sound financial plan to achieve your goals. Reviewing your current situation means giving yourself an overview of all your income, debts, expenses, investments, etc. Begin by taking inventory of your existing assets and liabilities and create a balance sheet.

Define your financial objectives and be clear about your goals, as they will provide a roadmap for your financial future. Your goals should be:

a). Quantifiable & achievable

b). Defined goals with a set timeline

c). Needs and desires in separate columns.

You can consult with a good financial advisor or a business coach in India to assist you.

2. Gather Financial & Personal Information

Financial planning and its success will depend on the quality and clarity of the information you will provide to your adviser. Once your adviser captures all the relevant information you provide, he can create a detailed financial statement associated with your finances.

The financial balance sheet will consist of:

i). Income and expenditure

ii). Assets and liabilities

iii). Risk factors, capacity to take risks, and risk attitude

3. Find a Budget that Works for You

Budgeting is an essential part of successful management from a country to a household. Many people don’t like budgeting as it feels challenging to stick to. But this does not mean that it is a difficult task. It simply means that the budgeting system is not customized according to your requirement.

The concept of creating a budget does not imply that you have to cut back on everything you love. It is simply about controlling unnecessary expenses and making mindful purchases. But for it to be truly effective, you can try a method like the 50/30/20 rule, according to which 50% of your budget goes to pay for necessities, 30% or less to discretionary items, and 20% or more to savings and debt payments.

To understand how you can plan more efficiently for your future, you can attend our Masterclass by billionaire professors accessible on our Bada Business community app.

4. Choose Your Rhythm

Leadership Consultant, Dr Vivek Bindra, believes that if a strategy fails, change the strategy, not your goal.

Everyone has different goals and hence different requirements. It is not necessary that if your friend who has zero liabilities is saving her entire salary, you must also follow in her stride.

Instead, customize the plan. If you have a consistent salary, it is easy. You can choose the percentage you would like to save each month. However, it gets tricky for entrepreneurs and small business owners because of the variable Income. So, entrepreneurs can consider a lower amount to automate monthly. If you are a small business owner, you can also set a calendar reminder to review contributions quarterly.

5. Get Help from a Business Coach or Team of Advisers

Entrepreneurs have so many responsibilities and tasks at hand. So, if you try to manage your finances, it may be too much to handle. And your growing wealth could become a task. Begin by taking professional help instead of trying to manage it all on your own.

If you follow these five strategies mentioned above, you can build a solid foundation to grow your wealth and make smarter money decisions for your future. To gain in-depth knowledge, attend our Masterclass available on our Bada Business community app, in which you can learn simple yet effective financial strategies.

Download the app now: https://tinyurl.com/nhav2kp6

Categories
Strategy

5 Powerful Strategies For Trading In Stock Market

5 Powerful Strategies For Trading In Stock Market
5 Powerful Strategies For Trading In Stock Market

Summary: Stock trading means buying and selling stocks to achieve profit amidst the constant market fluctuation. Discover five powerful strategies that even seasoned traders swear by.

Financial markets are prone to fluctuation. Here, various risk factors are involved along with multiple strategies that you will encounter from time to time. Seasoned traders make various strategies that are parallel to the competitive market situation.

In this article, we will explain trading techniques that will help you to make better investment decisions.

Here is the list of five trading techniques that every trader must consider before investing:

1. Growth Investing

Growth investing is a trading strategy applied when a company continues to grow profits. The focus is entirely on the growth of the capital. Instead of improving operations, companies reinvest the profits to entice investors with dividends. You can attend our free Masterclass to understand many other vital strategies on our Bada Business community app.

2. Income Investing

In this strategy, any good stock is taken by collecting assets. Investors are paid a big part of the income for daily use, specifically when the situation for trading in the stock market is uncertain.

3. News trading

As per its name, this technique is based on news and market expectations before and following news releases. However, it requires a skilled mindset to do the fundamental analysis as news travel rather like a wildfire on digital media. The market needs the energy to move, which comes from information flow such as news releases. Traders will need to assess the news immediately after it is released and quickly judge how to trade it. To know everything about Share Market from the scratch, watch here:

4. End-of-day trading

The end-of-day trading strategy involves trading near the close of markets. End-of-day traders become active when it becomes clear that the price will ‘settle’ or close.

This strategy requires the studying of price action in comparison to the previous day’s price movements. End-of-day traders can then speculate how the price could move based on the price action and decide on any indicators used in their system.

Traders should create a set of risk management orders, including a limit order, a stop-loss order, and a take-profit order to reduce any overnight risk. Download our Bada Business community app to attend our Free Masterclass on trading in the stock market. 

5. Intraday trading

Day trading or intraday trading is suitable for traders that would like to actively trade in the daytime, generally as a full-time profession. Day traders take advantage of price fluctuations in-between the market open and close hours. Day traders often hold multiple positions open in a day but do not leave jobs open overnight to minimize the risk of overnight market volatility.

Trading is purchasing and selling shares and the stocks of companies listed on the Bombay Stock Exchange (BSE) & SENSEX that are prone to fluctuation. One can invest and make a lot of profits by knowing the five strategies we have mentioned above. To learn more about these strategies, download our Bada Business community app. You can also attend our Free Masterclass on trading in the stock market.

Download the app now: https://tinyurl.com/nhav2kp6

Categories
Motivational

5 Winning Habits Every Successful Entrepreneur Should Develop

5 Winning Habits Every Successful Entrepreneur Should Develop
5 Winning Habits Every Successful Entrepreneur Should Develop

Summary: Embracing certain habits and best practices can help entrepreneurs achieve their professional and personal goals successfully.

The business world is full of successful millionaires and billionaires who credit their success to good habits. It might be a habit of getting up early or practicing meditation daily, for instance. Or they might take out a dedicated hour for running or simply reading in peace or working with a specific business coach at particular hours of the day.

Personal success can be attributed to a set of healthy habits. Those who stay committed to establishing and maintaining good habits will enjoy boundless success. Though there are many business coaching programs available online which can help you to understand the dynamics of a specific industry in a better way, practicing healthy habits will ensure that you become a successful entrepreneur.

If you are an entrepreneur who is looking to make it big in the volatile business world, here are 5 habits that you should practice regularly:

1. Ready. Aim. Fire

Nothing gets done or no one achieves anything unless one-acts. Hence, it is very important to not just dream, but also act upon it. Make a plan, build strategies and execute it. Make this a daily practice, not only when you are looking to pitch a client, but also in your daily tasks like selling to prospects, identifying clients and partners, and expanding into new markets.

2. Wake Up Early

The reason why waking up early is considered to be the topmost habit of every successful entrepreneur is that many suggest that the body`s natural circadian rhythm is set by waking up at dawn and aligning with the natural process of the day. Many famous personalities like Oprah Winfrey get up at 6:00 am as she takes out time for reflection, meditation, and exercise.

However, rising early does not mean that you need to compromise your total hours of sleep. You can go to bed early to complete your sleep cycle so that you get up feeling refreshed.

3. Prioritize

Being an entrepreneur is not easy. Some multiple tasks and meetings demand your time. However, not every task or meeting holds priority. Hence, it is important to prioritize your work and go down the list in that order. You can also consult your business coach to help you get more organized. This will help you to make your business a priority and not let the pressure of finishing every task in one go.

4. Read

The adage that says, “Books are your best friends”, still stands true to date.  This is why from Warren Buffett to Bill Gates everyone advocates the habit of reading. There are many books related to business, time management, and self-help that can help you to become better equipped and updated with your industry. However, there is one thing that we would like to point out i.e. reading does not stop at traditional media. You can opt for a business coaching program as well in which you can learn and understand the fundamentals of business and its strategies.

5. Connect with other Entrepreneurs

Connecting with like-minded people who share the same goals and vision as yours is very important for the growth of a startup business. You can find new clients, partners, and also mentors via networking. Some of the best ideas emerge when do you brainstorming by discussing them with people who are in the same industry as yours.

You can join the Bada Business community app to connect with professionals coming from different backgrounds with an abundance of experience. It is a platform designed for young entrepreneurs who want to grow in the business world.

Success comes to those who remain committed to their goals with determination and practice healthy habits. You can implement the habits we have mentioned above and believe us you will start noticing results in a few days.

You can boost your sales easily with the right guidance from a business expert.  Learn to generate high revenue earning products for sales; generate payment links for customers, managing account-related details. Get your marketing game back on track with a business coaching program. To know more, visit www.badabusiness.com.

Categories
Process & Business Expansion

5 Effective Ways To Connect & Network With Other Entrepreneurs

5 Effective Ways To Connect & Network With Other Entrepreneurs
5 Effective Ways To Connect & Network With Other Entrepreneurs

Summary: Networking is essential for the growth of small startups business. Find out how you can connect with mentors and business coaches and get inspiration through networking.

Networking can benefit young entrepreneurs, from fresh perspectives that spark business growth to finding new customers, mentors, and contacts to bounce ideas off. It helps raise awareness, find new partnerships, and win over potential customers.

From Twitter to LinkedIn, you can connect with professionals with diverse profiles. And if it is done strategically, networking can greatly help entrepreneurs in India.

Here are five ways that will help you to connect with other small business owners and young entrepreneurs:

1. Be Active in a Community App

Several social networking platforms are popular these days. However, not every platform will be beneficial for young entrepreneurs. If you are a young entrepreneur, then you should join a platform that will connect you with other business professionals for business growth. Bada Business community app is one such platform that offers a unique platform for young entrepreneurs to connect and network with other business owners and potential clients.

This unique app offers points when you like, comment, or share a post that you want. Based on the collected points, your profile is promoted in the community, making it possible for you to connect with many out-of-reach individuals. Not just that, you can attend Free Masterclass that is conducted every week by billionaire professors.

2. Know-How Networking is Beneficial for You

Entrepreneurs must be aware of what they want to get out of networking and how it benefits them. Whether you are looking to find the best business coach, mentors, or partners, networking can help you discover great local suppliers, logistic partners, or retailers who can enhance your small business.

Whether you are just starting a business or you are a successful entrepreneur, networking could be your route to finding more clients. You can also find the Best Motivational Coach in India. 

3. Don’t Be Afraid to Ask for Connections

Take a step back and have a look at all your existing connections. Every single relationship in your contact list could be beneficial to you. All you have to do is – reach out. You can reach out to all your existing connections and ask them if they have someone in their network that could benefit your business. Also, don’t forget to offer your help to anyone in their circle, as it is a two-way street. You can also consult with a business coach who can use his network to help your startup business grow.

4. Join a co-working space

Getting away from your workstation can be refreshing from time to time. Changing work environment can help spark creativity by breaking the monotony of regular working hours. You can find some co-working spaces for networking purposes. You can also join the Bada Business community app to make some meaningful connections. It is an online community that is available 24/7 for entrepreneurs to discuss, learn, and share all aspects of the business.

5. Keep the Agenda of Networking Clear

People often network rather vaguely. However, it is essential to understand that increasing the number of people on our contact list is not enough. We need to connect with the right people keeping our end goal in mind. Build strong connections with like-minded people who can help us grow.

Entrepreneurs need not only a great product or an excellent service but also the courage to build a wide range of relationships within a growing professional network. Try to imply the five ways that are pretty effective for networking and let us know which one worked the most for you. Join the Bada Business Community App by Dr Vivek Bindra and get closer to your entrepreneurial dreams.

Download the app now: https://tinyurl.com/nhav2kp6

Categories
Technology

The Top 3 Benefits of the Bada Business Community For Young Entrepreneurs

The Top 3 Benefits of the Bada Business Community For Young Entrepreneurs
The Top 3 Benefits of the Bada Business Community For Young Entrepreneurs

Summary: Networking is an essential skill, and this is why every entrepreneur must join an online community.

When running a business, you need fresh ideas and inspiration to make it successful. And inspiration can come from anywhere. This is why many small business owners on various social media platforms can be found. From YouTube to Facebook, you can see so many people spending more time than ever sharing knowledge and expertise.

One of the best things that have developed through online platforms is trust. When people interact with each other to share their ideas, visions, and dreams, trust is built instantly. When the best corporate trainer like Dr Vivek Bindra shares his business expertise on his YouTube channel for no charge, users develop confidence.

Online communities offer a platform for young entrepreneurs who can go and learn new skills and interact with both customers and potential business partners. Every platform has a different set of rules for engagement, and users often follow them to increase their reach.

Bada Business Community App is one such platform conceived and designed for social entrepreneurs looking to grow their network and have meaningful experiences to drive their business growth. The platform is tailor-made to prepare today’s generation for entrepreneurship.

It has incredible features that will encourage you to learn, grow, and develop more relevant topics to discuss. Let’s talk about its features:

1. Networking is rewarding.

We know that online platforms can be rewarding in plenty of ways. Some can help you reach consumers; some can help you increase followers, and a few other apps can help you get likes. But joining the BB community app can be rewarding in unique ways. You earn points when you join the app and engage with other users by liking, posting, and commenting. Your profile will be promoted in the community based on the points you will earn. This will help you to increase your reach and widen your audience.

2. Get Experience

Many believe that only when we make mistakes do we learn. However, it is not essential. You can learn from others’ mistakes too. On our app, you will meet professionals from different backgrounds who would love to share their experiences, the challenges they faced, and how they came up with solutions.

You will be able to start smoothly and will be better equipped to keep going strong when the times are more challenging. Though you can find many tips online, it helps to hear from the professionals who have tested the waters by sailing independently.

3. Learn from the experts

Bada Business Community app is a platform where many successful entrepreneurs come together to share common ground. It allows you to learn a new set of business skills and others facing similar challenges. Here you can start a thread relevant to your industry and can engage with people.

This is a great place to find a mentor, as many highly successful billionaires conduct free masterclasses on various topics. For instance, if you want to start your dream venture with a minimum investment, you can learn from these experts how to handle clients, build your network, and do marketing of your products and services with zero to a minimum investment.

You may read about various strategies in a book, but there is a vast difference between theory and practical experience. Finding this type of first-hand knowledge in a textbook can be challenging. So why not download the app now to get a unique first-hand experience?

The Bada Business Community app by Dr Vivek Bindra can give a great opportunity to entrepreneurs to establish new network connections. In an interconnected world, our community app is a dynamic tool.

Download the app now:  https://tinyurl.com/nhav2kp6

Categories
Business motivation

9 Things To Consider Before Starting A Small Export Business In India

9 Things to Consider Before Starting a Small Export Business in India
9 Things to Consider Before Starting a Small Export Business in India

Exporting a wide range of goods and services, India is the 14th largest exporter in the world. According to a recent report by HSBC, India is set to become one of the top 5 exporters in the world by the year 2030. As the country has embraced the concept of ‘Make in India’, exports from India are set to take a speedy course and will contribute to the GDP of the country.

The government of India has always been a great supporter of exports, but the pandemic has opened a new opportunity for aspiring small business owners who wish to start their ventures in small towns. The widespread use of the internet has also helped the export and import business to flourish.

If you are planning to start your own export business in India, you can attend our Free Masterclass by Dr. Ajay Sahai, Director General & CEO, FIEO. You can download the Bada Business Community APP to attend the class on February 22nd, 2022, Tuesday at 6:00 PM.

Here are nine things you must know if you are thinking about starting an export business:

1. Select Product

If you have already thought about the item you want to import-export then it is okay. Otherwise, some products are prohibited from being exported. So, ensure that your product is not one among them. India is known for mainly exporting agricultural products. You can also select a product in your area and export them by keeping the quality of the product into consideration. It is an important factor in receiving future orders and reviews from customers.

2. Analyze your Target Market

It is very important to understand your target audience when thinking about selecting an export business. Research the market size, quality requirements, competition, payment terms, etc. when you select an overseas market.

You can also enquire about a few export benefits available in the market for a few countries under the Foreign Trade Policy. Export promotion agencies, Indian Missions abroad, and your acquaintances can prove helpful in recognizing the initial market, as well as, expanding it.

3. Select Business Name & Logo

Before you decide to register and look for buyers for your products, you should select a name and logo for your business. You need to think about your business`s name so that you can register it.

4. Registration

Like any legitimate business run in India, you will need to get registered. It could be registered as a sole proprietorship, in partnership, private limited company, or LLP. Hire a lawyer for any legal advice and to help you with the legal proceedings of registering the business.

5. PAN

Businesses must obtain PAN (Permanent Account Number) from the Income Tax Department.

6. Bank Account

Open a current account at any commercial bank that is authorized to deal in Foreign Exchange.

7. Obtain Importer

Exporter Code (IEC) Number An exporter/importer in India is required to obtain an IEC number as per Foreign Trade Policy. It is a key business identification number that can be applied for online at www.dgft.gov.in. After the introduction of GST (goods and service tax), the IEC number is the same as the PAN of the firm.

8. Obtaining RCMC

RCMC (Registration Cum Membership Certificate) is a membership certificate issued for 5 years by Export Promotional Councils (EPCs) or Commodity Boards of India. It is proof that your business has been registered with the council/board and is useful when applying for any benefit or concession under Foreign Trade Policy like duty drawback, duty credit scripts, etc.

9. Get covered through ECGC

Dealing with an overseas client involves risks from the insolvency of the buyer/country. These payment risks can be covered by ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd), a company wholly owned by the Government of India which provides export credit insurance support to Indian exporters under the Ministry of Commerce.

To get in-depth knowledge and information, attend our Masterclass on the Bada Business community app for free.

The idea of managing the business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer courses like Problem Solving Courses (PSC) & Leadership Funnel Program (LFP Bada Business).

Categories
Business motivation

5 Real-Life Business Lessons You Can Learn From Billionaire Professors On BB Community App!

5 Real-Life Business Lessons You Can Learn From Billionaire Professors On BB Community App!
5 Real-Life Business Lessons You Can Learn From Billionaire Professors On BB Community App!

Summary: You can`t build great wealth without a strong foundation. Period.

No matter which university you attend and how qualified you are; it alone is not enough to strike success. You can go to the world`s best university and enroll in numerous professional courses, but nothing can beat the experience and knowledge that you gain from those who have been in the industry and riding the waves.

From Dhirubhai Ambani to Gautam Adani, Steve Jobs to Bill Gates many successful millionaires and billionaires have not attended formal schooling. But that does not mean that you should discontinue your education. Take quality education, but also learn from the experts. Enroll yourself in webinars where top industry leaders are sharing their knowledge, experience, and lessons that you might never learn anywhere else.

For such an experience, you can download Bada Business Community App where you can attend a free Masterclass with Billionaires.

One of the major goals behind this unique idea of Dr. Vivek Bindra is to prepare today`s generation for entrepreneurship. Hence, it is crucial for everyone who wants to start their own business to learn from instructors who have practical, real-world experience within a particular field.

Here are some of the major benefits of learning from professors with industry experience:

1. They Can Help You Understand Industries Better

The business world is vast and there are lots of aspects associated with a startup that needs to be understood to grow and scale. There could be dozens of subtopics, theories, and other relevant points that these billionaire professors can impart in their Masterclass with true practicality.

They can help you to ignore the least important and focus on the information that is the most practical and relevant pieces of the pie. They can also help you understand what it means to be an entrepreneur and many other real-world challenges of the business.

2. They Understand Key Skills for a Certain Industry

A successful billionaire from a specific industry knows the nitty-gritty of a business and one can learn specific skills needed for success. These professors have accumulated years of experience and can teach entrepreneurs, students, solopreneurs, and wantrepreneurs to start their businesses and then flourish in that role with their entrepreneurial skills.

Although many organizations provide training to their employees through the best corporate trainers, learning from the top industry experts means bringing a toolbox of skills to daily hustle when managing a startup business.

3. They Have Their Finger on the pulse of the industry

Professors with a specific industry can share the current or recent pulse on a particular industry. For instance, a specialist who is working in a stockbroking firm can share his or her experience with you about what it is like to work in that particular area. What are the factors one should consider while investing their money or what challenges you can expect if you want to make your career in that particular area?

This entire experience might also include how to make clients or what are the upcoming trends you might get to see in that particular field. This first-hand experience is priceless and one can only get this in our Free Masterclass of Billionaire Professors.

4. They can teach about potential challenges & solutions

Our top industry experts have been exposed to a variety of situations and challenges in their relative fields. This helps them to bring that experience and professional expertise to the table. They can communicate these experiences and how they dealt with them in the past, what did they learn, and how you can improvise on them.

For instance, if you want to start your dream venture with minimum investment, you can learn from these experts how to handle clients, build your network, and do marketing of your products and service with zero to a minimum investment. You may read about various strategies in a book, but there is a huge difference between a theory and practical experiences. It can be tough to find this type of firsthand knowledge in a textbook. So why not download the BB Community App now to get a unique first-hand experience?

5. They can help you with professional networking

There is a good chance that after learning from these billionaire professors you will be able to connect with professional connections to a particular field. Why? Because on BB Community App you can find thousands of business professionals who are sharing ideas and working towards a common goal—build their startup.

You can interact with professionals with years of experience or you can bond with young minds that are full of innovative ideas and out-of-the-box solutions. No matter what your goal is, you can fulfill them at BB Community App, which is not just an app for sharing pictures of your breakfast or linking with a common friend but to connecting with a world of SMEs and entrepreneurs.

Download the app now: https://tinyurl.com/nhav2kp6