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Finance

4 Essential Things To Keep In Mind Before Applying For A Personal Loan

4 Essential Things To Keep In Mind Before Applying For A Personal Loan
4 Essential Things To Keep In Mind Before Applying For A Personal Loan

Summary: If you require money, taking a loan is not bad. However, the problem comes when you borrow money for your desires and not needs.

If you need money, you can come across an ocean of choices. From banks, and personal financial institutions to lending apps that lend small sums between INR 2K and 10K, many Indians are borrowing money to fulfill their business and personal needs. However, these lending apps are proving harmful and costing many their money, peace, and even their lives.

“The number of suicide cases has been on the rise since the pandemic and approximately 25,200 of those are attributed to unemployment, job loss, and being in debt”, according to data from National Crime Records Bureau.

In 2021, at least six people committed suicide in Hyderabad alone due to harassment by the recovery agents of these apps. These apps lure those who are in dire need of funds and exploit their unmet need for credit by offering no-strings-attached credit. However, they come with a high rate of interest and tricky terms and conditions to which borrowers have no recourse.

Along with that, these loan apps get access to all information from the customer’s phones after which is later used by the company to perpetrate some other financial crime.

Many business coaching programs will help you to manage your finances and get rid of your debt quickly. For those who are looking for a personal loan for the first time, it is critical to understand the nature of these loans.

Here are 5 essential tips you should consider before applying for an immediate personal loan online:

1. Pick a Loan with Lower Interest Rate

Personal loans usually come with higher interest rates and often range from 11% to 20%. Thus, even a small drop in the interest rate can make a huge difference to your overall loan costs. If you opt for a low monthly payment over a long repayment term out of convenience or for any other reason, it will cost you more as it comes with high-interest rates. Small monthly payments might seem very appealing, but it ultimately leads you to pay more for the loan over its lifetime.

2. Assess the Need for a Loan

While availing of a loan is not a bad thing, it is a financial responsibility that can extend over some time. A bad loan will lead to a financial liability that can give you sleepless nights. Hence, it is essential to weigh your motivation behind the loan and ensure that it is necessary. If the purpose of the loan is to only buy a luxury car, it might not be a wise decision.

Also, it is a high-risk move if the idea behind taking a loan is to invest in other financial products/schemes hoping to make profits. Such borrowing and reinvestment schemes are also subject to market risks and there is never a guarantee of lucrative returns.

3. Always Take a loan from the Credible Financial Institution

Apart from traditional banks, there are other financial institutions as well that are approved by the market regulator Reserve Bank of India. Digital lenders are comparatively quicker in verifying and processing loan requests, disbursement often happens faster.

It is advantageous to have multiple options to choose from as it further allows a borrower to evaluate and compare interest rates, processing time as well as other important parameters before deciding on their loan.

4. Consider Insuring Your Loan

One thing that pandemic has taught us is that life is unpredictable. Before taking a loan, ensure that your family does not have to bear the consequences of the worst-case scenario. Hence, it is important to get your loan insured. Loan insurance also works like any other insurance plan. You can pay its premium every month or as a lump sum amount.

Personal loans can be beneficial if you have planned your finances well. When used wisely, it can help you to bridge the gap in your finances without putting your assets at stake. But, it is important to ensure that you are taking a loan from a genuine source and that you pay your loan back promptly. And most importantly, remember to use the loan only for its intended purpose. You can also learn debt management through our business coaching program. To know more, visit: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

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Motivational

Meet IAS Officer Who Scored AIR 57 In UPSC While Working Full-Time With RBI

Success Story of Yashni Nagarajan
Success Story of Yashni Nagarajan

When Colin Powell said, “A dream does not become reality through magic; it takes sweat, determination, and hard work”, many people did agree with him. Human beings love to dream about their career, ambitions, and a lot more other things that they aspire to achieve in their lives.

Okay, so coming back to reality, we live in a society where we like to get things done instantly! Instant food, instant replies, food or grocery delivery in under 10 minutes, instant emails, and instant results. We all are guilty of instant gratification. But truth to be told, every good thing takes time and the best and the most valuable thing in life come from working hard to achieve them. An IAS officer Yashni Nagarajan is the leading example of that.

Yashni Nagarajan cracked the UPSC exam and bagged the All India Rank 57 in 2019. Union Public Service Commission or UPSC as it is popularly known is one of the most prestigious and difficult administrative service examinations in India. Lakhs of students prepare for this exam for years, before appearing for it from all over the country. But only a few aspirants clear the examination which is followed by a face-to-face interview that is equally famous for their high level of difficulty.

Yashni Nagarajan cleared her exam in her fourth attempt while working full-time and the reason behind her success was her excellent time management skills. What are the factors that contributed to making her journey successful? Let’s find out:

1. Education & Family Support Played a Crucial Role

Most people underestimate the quality of education in central government schools; there are students like Yashni Nagarajan who prove them wrong. She completed her schooling at Kendriya Vidyalaya, Naharlagun. She enrolled herself in the National Institute of Engineering, Yupia in 2014 and completed her B.Tech in EEE with flying colours.

Her father Thangavel Nagarajan is a retired state PWD engineer and her mother is a retired superintendent of the Itanagar branch at Gauhati High Court Registry. Both of them have been supported throughout her journey.

2. Worked Hard on Weekdays, Studied Harder on Weekends

Yashni believed that if you are working on weekdays, you will have to study on weekends. During her journey, Yashni used to study for 4 to 5 hours dedicatedly every day, while on weekends she used to study the whole day. Studying on weekends strengthens your preparation. And with the right time management skills, you can manage to take out 4-5 hours for studies every day.

3. Choose What You Excel At

Yashni cleared the UPSC exam on her fourth attempt. She failed in her first three attempts but took them as lessons of wisdom.  She shares that in her initial attempt, she chose Geography as an optional subject under the influence of other people. However, she changed the subject later on when noticed that she excel in another subject.

Yashni says that you should choose a subject of your choice so that you can read it with full interest. You will read about it and try to gain in-depth knowledge only if you like the subject. An optional subject plays an important role in the UPSC exam as it helps to score better marks.

4. One Piece of Advice for Other Aspirants

One important piece of advice that Yashni gives to all UPSC aspirants is that Essay and Ethics are two subjects in which they can score the highest. Therefore, it’s very important to give importance to these subjects. She says that though it is difficult to prepare for UPSC while having a full-time job, it is beneficial too! Along with gaining experience, you also master time-management skills. She says, “You will feel less stressed even if you don’t qualify UPSC. And because you already have a job, you don’t worry much about your career. You can become an IAS or IPS officer with hard work and better time management.”

So, if you want to enhance your learning, prepare for a competitive exam, or want to pursue that management course that you have been eyeing for a couple of months- go for it. The story of Yashni Nagarajan is full of inspiration and testimony that hard work, dedication, and excellent time management skills can help you achieve your professional and personal goals.

For more such stories, visit: www.badabusiness.com

Categories
Finance

7 Best Tips You Should Consider Before Investing In Mutual Funds

7 Best Tips You Should Consider Before Investing In Mutual Funds
7 Best Tips You Should Consider Before Investing In Mutual Funds

Summary: Mutual Funds are one of the most popular tools of investment in India. A collection of bonds, stocks, assets, and money market instruments come with many benefits.

Warren Buffett once said, “Risk comes from not knowing what you are doing.” And when it comes to investment his words stand true. When you know how the market works, what kind of risk it involves, and know the essential tips and tricks of the same, you can become a good investor.

For beginners, Mutual Funds are the safest option to start investing in the market. Mutual Funds enable an investor with limited capital to make investments in various schemes like SIPs with as little as Rs. 100 or Rs. 500 to generate better earnings.

A mutual fund is an investment scheme made up of a pool of money collected from many investors to invest in various securities. The fund manager then uses these funds by investing them to purchase various securities including gold, stocks, bonds, etc. Each mutual fund will have a certain objective and different returns.

Before you decide to invest in mutual funds, follow these 7 tips that will help you to make a better decision in investing your money:

1. Read About Mutual Funds & Its Benefits

The new age investors believe in making passive income by making their idle money work for them. However, very few understand its true meaning and how to make the most of it. Many individuals are aware of the benefits that come along with investing in the stock market. But very few know that routing such investments through mutual funds would prove to be more effective.

Hence, you need to read as much as it is possible about Mutual Funds and how they work. What are the benefits and how you can reduce the risk that comes along with investments in just one asset category?

You can also take help from a wealth creator. He or she can help you in making investment decisions, just like a business coach helps you in taking critical decisions related to your business.

2. Learn about types of Mutual Funds

Mutual funds are segregated into distinct categories by asset class. They are divided into stocks, bonds, and cash, and then furthermore based on their style, objective, or strategy. There are three types of Mutual Funds in India:

a). Equity: High on both risk and potential returns, these investment schemes are the favorite of seasoned traders. However, beginners and investors with a low appetite for risk are cautioned before investing in any equity-oriented Mutual Funds.

b). Debt Mutual Funds: If you are risk-averse but want great returns on your investment, debt mutual funds are suitable for you. These fund schemes mostly invest in debt instruments like government bonds, corporate bonds, etc.

c). Balanced Mutual Funds: Also known as hybrid funds, this type of investment put money both in stocks and bonds. Its diversified nature provides balance and a perfect blend of both risk and rewards in terms of investments.

3. Find Your Objective

Before you decide to invest in mutual funds, you must know your objective. For instance, you can invest in equity funds, if you have long-term financial goals, but if you have short-term or medium-term financial goals, you can invest in debt funds.

Hence, your first step should be to decide on a goal. The time frame you are looking for and the returns that you are expecting will help you choose a fund that is best suited to your objective.

4. Learn About the Risk Involved

When thinking about investing, it is essential to know that the risk factor remains constant no matter which investment scheme you pick. However, there are numerous options available to help investors find one scheme that matches their risk appetite and return on investments.

5. Check the Expense Ratio

For the proper management of your funds, a commission is charged which is known as the expense ratio. As an investor, you need to figure out how much expense ratio a particular fund is charging, as it is calculated across the investor`s total portfolio and will have a significant impact. Hence, always pick a mutual fund that comes with a lower expense ratio.

6. Check Taxable Income on Your Investment

How much income from a fund will be taxable is something every beginner must consider. The returns from equity mutual funds are taxed based on the holding period and the applicable tax rate. Mutual funds are often efficient in terms of post-tax returns. For instance, long-term capital gains are taxed at 10% over and above the exemption limit of INR 1 lakh while short-term capital gains are taxed at a rate of 15%.

7. Track Past Performance of the Mutual Fund

It is crucial to check the track record of a particular Mutual Fund scheme before investing. From the duration to ‘Assets Under Management (AUM), you must learn everything related to the investment scheme you are planning to put your money in. Also, check the investment style of the fund manager and opt for a fund where the manager shows consistency irrespective of the market cycle.

Mutual funds are subject to market risk, which is why doing a fundamental analysis of a particular investment scheme becomes paramount. But, do know that no matter how good a fund has performed in the past, it won’t guarantee that the mutual fund will do well in the future. Keep these tips in mind before investing your money in a mutual fund.

LFP Plus by Dr Vivek Bindra

Categories
Motivational

6 Billionaires With Some Very Strange Eating Habits That Will Leave You Stunned!

6 Billionaires With Some Very Strange Eating Habits That Will Leave You Stunned!
6 Billionaires With Some Very Strange Eating Habits That Will Leave You Stunned!

Summary: From eating ice cream for breakfast to eating only carrots, the rich and the famous millionaires do have some weird diets and uncommon food fetishes that will surprise you….guaranteed!

We often find ourselves looking to search for some healthy food and lifestyle changes to keep ourselves in the best shape. A healthy diet is essential for good health and nutrition. It not only acts as a fuel to your body to keep it loaded with the essential energy but also helps you against many chronic non-communicable diseases, such as heart disease, diabetes, and cancer.

Eating a variety of foods and consuming less salt, sugars, and saturated and industrially-produced trans-fats are essential for a healthy diet. And when we look at the rich-and-the-famous millionaires, most people imagine the life of a billionaire to include the endless ability to demand the finest things in life, including the ability to eat some of the world’s most delectable items and enjoy the healthiest, most expensive meals prepared by a personal chef.

However, the truth is far different from what we all assume. In this article, we are going to share some of the most strange diet fetishes of these millionaires that may sound bizarre. Are you ready to be surprised?

1. Sir Richard Branson

This high-powered CEO of Virgin Group is famous for his contributions to the world of music, entertainment, retail, and space exploration has led him to acquire wealth and notoriety across the globe. He was knighted at Buckingham palace, controls over 400 various ventures, and sits at the top of the corporate food chain, yet when it comes to the food for his consumption; he has one strange habit.

Branson is addicted to tea. He is known to drink as many as 20 cups of tea each day. He has also confessed in one of his interviews with The Daily Meal that he can’t survive without a cup of English breakfast tea.

2. Elon Musk

Elon Musk works for an excessive 90 hours a week and one would assume that the CEO of Tesla and SpaceX follows a strict diet to keep him healthy, active, and alert. On the contrary, Elon Musk skips his morning breakfast altogether and instead snacks on Mars chocolate bars instead. He relishes his lunch and puts more emphasis on his dinner plans if he is not working.

3. Warren Buffett

The chairman and CEO of Berkshire Hathaway are also one of the most successful investors in the world. However, his food choices will shock you. Instead of having a healthy breakfast, Buffett opts to have ice cream for breakfast, shoestring French fries for lunch, and drinks at least 5 Coca-Colas per day.

He also prefers eating McDonald’s for breakfast every day and never spends more than $3.17 as he told CNBC.

4. Mark Zuckerberg

Mark Zuckerberg, the $104 billion man, is the founder of Facebook and one of the richest men in the world. While many others in this position of extreme wealth would engage the finest chefs to create the best cuisine that money can buy, Zuckerman has opted for a much different path when it comes to the food he eats, and it’s not for the faint at heart. He went through a phase in 2011 during which time he would only eat the meat of animals he had hunted.

5. Bill Gates

With an astounding net worth of $137 billion Bill Gates keeping a healthy diet and lifestyle wouldn’t be so difficult. With that kind of money, he can get delightful meals cooked by the world’s best chefs. But instead of binging on healthy food, Gates keeps things simple, and quite unhealthy. He admits to being addicted to Diet Coke and drinks the beverage throughout the day. He’s rarely spotted without a Diet Coke in his hands. Along with a diet coke, he takes breakfast from McDonald’s.

6. Steve Jobs

Steve Jobs was known to go to extremes not only in his work but also when it came to his eating habits. The founder of Apple worth $10.2 billion was far more successful when it comes to technology than his ability to eat a balanced diet. He would sometimes just eat one or two foods at a time, for several weeks, and then he dabbled in being a ‘fruitarian’ for a while. Once, he had eaten only carrots and apples due to which his skin also turned orange. He would also fast using the days of not eating to create feelings of euphoria and ecstasy.

For these successful millionaires, many would imagine a personal attendant being on call at all times to cook up a storm of food requests on demand, and it would seem likely that caviar and other expensive food items would be the daily norm. That is not the case. These millionaires have quite weird eating habits that can’t be considered healthy!

We hope you enjoyed reading this article! Share and comment!

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more, visit: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

Categories
Business motivation

5 Simple Self-Care Tips For Entrepreneurs To Boost Productivity

5 Simple Self-Care Tips For Entrepreneurs To Boost Productivity
5 Simple Self-Care Tips For Entrepreneurs To Boost Productivity

Summary: Improving your habits can significantly increase your chances of success. It’s time to take a radical approach towards self-care.

Being an entrepreneur can be exciting, financially advantageous, passion-driven and personally fulfilling. It can also be exhausting, stressful and emotionally taxing as each day comes with various business challenges to navigate. In the absence of a business coach and a solid self-care plan, an entrepreneur’s vision can become skewed, making their goals harder to reach.

Entrepreneurs grapple with loads of stress than most people and can quickly get overwhelmed. They often prioritize burning the candle at both ends over caring for themselves. Hence, this often results in burnout and reduced productivity in the long run.

If you are an entrepreneur, solopreneur or even someone who is experiencing burnout lately, here are some great self-care habits to develop that will boost your efficiency and productivity:

1. Nourish Your Body

Entrepreneurs often tend to stay up late to make their dreams a reality. This could easily lead to overwork and overeating. To run a business successfully, one needs energy and stamina. To build that energy and stamina you need to start fuelling your body with nutritious food, rest and exercise. Hence, focusing on a balanced diet will make all the difference. Along with eating a nutritious diet, hydrating yourself is also important. So don’t forget to keep a jug at your desk!

2. Take Adequate Sleep

As we mentioned, entrepreneurs are famous for trading sleep with idea creation and business building. However, an average adult should get 7 hours of sleep every night and make it a common goal. Having a consistent bedtime and a sleep schedule will ultimately boost productivity, allow for more spaciousness in mind for creativity and benefit overall health.

The mentality of checking “just one more email” or “hustle-mode” can often mean that your rest is compromised. Once you develop a regular sleep cycle, you also know how much sleep you need. Resting isn’t at all difficult — it’s giving ourselves the permission to rest that is difficult. So, ensure that you get an adequate amount of sleep.

3. Set Boundaries at Work

We all have heard about boundaries. But very few understand the concept of establishing them at a workplace. When building your business, it is very easy to be tempted to take calls, reply to one more email, and be consistently available at all hours of the day. However, this can mean interrupted sleep patterns, fatigue and poor choices in nutrition. Communicating your set working hours to clients and the time during which you are “available for calls” is an essential cornerstone for your success.

4. Take Regular Breaks

Staying glued to the screens of your laptop can reduce your productivity and efficiency. Hence, taking regular breaks between handling your projects and the clients is essential. Even if you have to force yourself away from your work, make it a priority to take small breaks, when possible, even if it’s just to sit outside and enjoy a nice day.

5. Learn the ‘Art-of-Delegation’

Saying ‘NO’ and knowing what work is better delegated is an integral part of self-care. We often have set parameters and expectations of how a certain thing should be. But the more you allow yourself to be open to results instead of the process, the more you bring to the table.

Self-care is a subjective term. It does not have a fixed definition. It is rather a very vast term that keeps on evolving constantly. For some it might be taking a spa treatment, while for someone it could be reading a book or taking a nature walk.

However, in a broader spectrum self-care can include any action that helps a person refocus, rest and recharge. Activities such as yoga, meditation, athletics, artistic pursuits and even time out with friends could be included under the self-care banner. Building and scaling a business is a formidable challenge. Those well-rested, well-nourished and focused on the importance of wellness are well suited to face the challenges head-on.

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

To know more, visit: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

Categories
Motivational

5 Smart Tips To Succeed In A Job Interview To Get Your Dream Job

5 Smart Tips To Succeed In A Job Interview To Get Your Dream Job
5 Smart Tips To Succeed In A Job Interview To Get Your Dream Job

Summary: What you do in an interview and how you present yourself can make a huge difference in bridging the gap between you and your dream job.

Does the thought of appearing for an interview in your dream company give you nightmares? Preparing for an interview, no matter how good the job market may seem—is still the most daunting task ever. No matter how many interviews you may have appeared for, preparing for an interview still means doing your homework, putting it into practice, and knowing how to answer—and ask—the right questions.

Want to gain some deep insights to ensure that you get selected for your dream job? Watch this amazing video by Dr. Vivek Bindra, the best motivational speaker in India to gain in-depth knowledge about preparing for an interview.

Whether you are switching careers, returning to work, looking for a new challenge, or seeking better culture, pay, and perks, here are the best steps you can take to prepare for and nail your interviews:

1. Research About the Company

The first step in any interview involves the candidate researching the company. What the organization is all about, how it runs, and what its core values and vision– are a few factors that you must learn about before you appear for the job interview.

Doing research will also help you show your interest in that employer as well as will give you clarity on whether it is the kind of place you would like to work in the long run. Ask yourself what matters to you. It may be inclusivity, flexible hours, a remote environment, a diverse workplace—or simply a place that doesn’t take itself too seriously.

You can also call or arrange a call or two with other employees to learn more about the company and its culture.

2. Practice Leads to Perfection

To feel more confident, you can do mock interviews. You can either hire a business mentor or a professional coach to help you with preparing for the interview. Speaking your answers out loud as opposed to writing them can help you develop your muscle memory. However, avoid learning your answers word-by-word where you sound like a rehearsed parrot.

3. Get Comfortable Talking About Yourself

Cracking interviews is a nerve-wracking experience. For many talking about themselves is a unique challenge. It can be awkward and uncomfortable, but in order to get your dream job, you must feel comfortable selling yourself.

Clearly communicate the value you bring to the team, and use examples to make your point. In interviews, be specific. Show, don’t just tell. Share stories that demonstrate your successes. And when talking about a project you completed, explain the impact it had. Talking about the processes and its outcome will increase your credibility and the chances of getting hired too!

It’s really important to find a way that feels genuine to talk about yourself that really showcases the energy and the motivation you have in your work.

4. Keep Your Resume Handy

Whether you are appearing for an interview on video, phone or in person, always have your resume handy. If you are appearing for a face-to-face interview, come prepared with multiple copies to share with those you are meeting. Focus on bringing what’s on the page to life with anecdotes and examples. The more you practice, the easier this will become.

5. Know What Questions to Expect

Every company and its hiring panel is different. But there are a few sections in the interview round that are almost guaranteed to be asked. The one that most often confuses candidates—and that’s also likely to be the first—might seem like the simplest: “Tell me about yourself.” Your answer should be a bit longer than an elevator pitch and go beyond what’s on your resume.

However, it is very essential to not lose track. This question is meant for highlighting your journey, what motivates you, or a special achievement that you can boast about.

For a question like “why do you want to work for this company?” your research comes into play. A question like this is meant to test your knowledge and understand your thinking process.

Cracking a job interview can be difficult, but with little practice and lots of self-belief, you can pass it with flying colors. These five tips can definitely help you to get ready for the interview and get your dream job too! To know more tips about getting selected for an interview, visit: www.badabusiness.com

Categories
Motivational

Boost Your Confidence With These 5 Effective Public Speaking Tips

Boost Your Confidence With These 5 Effective Public Speaking Tips
Boost Your Confidence With These 5 Effective Public Speaking Tips

Summary: Does speaking in front of people give you nightmares? Here are five ways in which you can tackle your fear of public speaking.

The fear of public speaking is a common social phobia that affects approximately 25% of the global population. This makes it extremely difficult for entrepreneurs and small business owners who are looking to widen their prospects by bringing in a new line of products and services.

Though there are many business coaching programs on public speaking, learning from a business motivational speaker will speed up your progress, if you are willing to learn. Whether you are a student, a young entrepreneur seeking investors, a small business owner looking for customers or a CEO of a Multinational Company, public speaking is a way for you to make yourself accessible to your respective target audiences. It not only helps to create a bond but also shapes company culture.

Here are five ways that will immediately improve your public speaking skills:

1. No Introduction Please!

This might come as a surprise to many as our first point simply goes against the rule book of many online business programs. However, there is a logic behind it. Would you like a speaker on the panel to thank the organizers and share information about himself that you already know? Definitely not! You must have received an introduction about the speaker and all the related information through mail.

So instead of repeating the same information, you can start by beginning with a compelling or funny story. Make your audience laugh and create an experience that’s worth the audience’s time and attention.

To get easy techniques on public speaking skills, you can watch this amazing video by Dr. Vivek Bindra, the best business coach in India, here:

2. Hook Your Audience Fast

Our second point is about capturing your audience’s attention. Catching your audience’s attention in the first 30 seconds is an essential factor that people don’t often get right. Often many business motivational speakers jump straight to their presentation as they are too concerned about delivering all of the content in the time available. Start with a short and relevant anecdote that illustrates the idea you are presenting. Don’t forget to link it with a powerful call for action.

3. Minimize the use of PowerPoint

Would you rather want your audience to listen to you or furiously scribble notes? Permit the audience to listen, ask questions, and make eye contact without having to worry about retaining technical information. If you have a lot of data, plan to send it to the audience afterward.

If you have to use a PowerPoint presentation, follow the 10/20/30 rule. Your presentation should have 10 slides, last no longer than 20 minutes and the font should be at least 30-point. However, the best way to create a PowerPoint slide is the 6/6/6 rule. The best presentations are those with an opening and closing slide and six slides of content, no more than six bullet points on each slide, and no more than six words per bullet point.

4. Keep Your Audience Engaged by Asking Questions

Many business motivation speakers talk for 30-45 minutes and leave the end for questions. But, this can make your audience zone out from the ongoing session in which you might be sharing relevant information with them. Plan for questions throughout your speech and take breaks to prompt questions. This allows you to read the audience, and if you’re losing them, pull them back with an engaging question.

This strategy also creates an opportunity to learn from the audience and use their insights to make the speech even more compelling.

5. Rehearse, Rehearse, Rehearse

Well, speaking in front of a large audience can surely give you nightmares, if you are not comfortable. This is why rehearsals are paramount. Rehearsing is a full-body experience of visualizing the audience and considering your verbal and nonverbal communication—body language, tone, physical position on the stage, inflection, and how you’ll make eye contact with the people sitting to listen to you.

Make notes and use them for run-throughs. Try to reduce your dependence on the notes by practicing more. Finally, rehearse in front of a mirror. Notice your body language, facial expressions, and hand gestures to evaluate whether they align with the information you are representing.

And last, but not the least, leave something valuable behind. You can also ask your audience to sign up for your email newsletter. Try these five ways we have mentioned above, and see yourself improving at public speaking.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more about this program, visit: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

Categories
Process & Business Expansion

5 Management Tips That Will Make Entrepreneurs Highly Productive!

5 Management Tips That Will Make Entrepreneurs Highly Productive!
5 Management Tips That Will Make Entrepreneurs Highly Productive!

Summary: Being able to launch, execute, grow and scale a startup business is an intellectual exercise that involves a lot of backstage activities and incredible time management.

Entrepreneurship is a state of mind that demands many personal and professional traits. Scaling a business is an intellectual exercise that involves networking, planning, research, marketing, sales, business strategy, and several related activities.

As a result, entrepreneurs have to juggle multiple tasks like attending events, meeting investors, taking care of business operations, hopping on calls and being extra careful with every decision for their business endeavor. All this can lead to a critical state of burnout- a situation of complete mental and physical exhaustion.

Experienced freelancers, business coaches, entrepreneurs, and successful business owners manage to finish their tasks on time because of their perfect time management skills. Time management techniques and strategies help them to prioritize their important tasks on a daily basis.

Time management is a process of organizing; planning and strategically controlling the time you spend on specific tasks. When done effectively, it enables you to get more work done in less time.

Here are the top 5 time management tips for entrepreneurs to increase their peak performance and productivity:

1. Find Your Golden Time

Are you an early bird, a night owl, or somewhere in between? Do you know during what time of the day you feel you are most productive? Time management is not just about managing 24 hours a day. It is also about understanding how and when you function best. You can schedule your most important tasks according to your productive window of time and set up your day in harmony.

2. Use Covey Time Management Matrix

Created by the author of The Seven Habits of Highly Effective People- Steven Covey, this time management model is quite effective and used by many business coaches across the world. This model is based on four simple quadrants:

  1.   Urgent and important tasks
  2.   Not urgent, but important tasks
  3.   Urgent but no important tasks
  4.   Not urgent and not important tasks

Divide all your tasks into the above-mentioned four quadrants. Manage things in quadrant one first, followed by the second, third, and so on. Prioritizing your tasks this way can be extremely helpful if you are juggling multiple things at the same time. You can also watch some of the best time management techniques, right here:

3. Plan Your Days or Weeks in Advance

Planning out your days for the week ahead is a brilliant way to organize your time efficiently. You can keep a diary or use a calendar app and write down the tasks with high priority. You can start with tasks that have upcoming deadlines, followed by less urgent tasks. Also, don’t forget to squeeze in your breaks and buffers to keep you focused and refreshed.

4. Focus on One Thing!

If there is one myth that needs to be busted across the globe, it has to be the concept of MULTITASKING. Yes! A human brain can only handle doing one thing at a time. So, if you try to do more than one thing, you will end up constantly switching your focus and taking even more time to complete both tasks.

Hence, focus your attention on one task at a time and stay on course till you finish it. Once it is finished you can move on to the next task.

5. Remove Distractions

Many times we start doing one task and our phone beeps! Instead of ignoring it, most of us check the screen and then forget about the task that we were doing. Even if a deadline is looming, we would try hard to finish one task, but it just does not happen.

So the first step that you should take towards managing your time efficiently is to remove distractions. Figure out what distracts you the most. Is it employees chattering around you or the notifications coming on your phone? Once you find out your triggers, you can take action to eradicate them.

From turning your internet off to putting your phone on airplane mode, chances are that you already know how to help yourself drown out background noise to focus on only what is important.

Also, don`t forget to take a rest even when you have countless things to do. It is very easy to let your business take over your entire life, but you also need to take care of yourself. If you let your physical and mental health slide, you won’t be able to perform your best.

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

Categories
Business motivation Startup

7 Low-Cost Business Ideas You Can Start From Home Today!

7 Low-Cost Business Ideas You Can Start From Home Today!
7 Low-Cost Business Ideas You Can Start From Home Today!

Summary: Start a home-based business with minimum funding. Here are 7 business ideas.

Are you looking to launch your own business, but don’t know where to start? Just relax. You are not alone. Today, many people want to start a business on their own, and for good reasons. On an average, people have two-three careers during their work-life. Also, with the great resignation in full swing, many are looking to become their boss or small business owner by turning their startup business idea into a reality.

If you want to become your own boss, then we have good news! Starting a home-based business is super easy and without risk. You can start it with zero to minimum investment and determination to be successful. Here is a list of seven startup business ideas that you can start right from home:

1. Accountant

Apart from the qualification, little experience, training, or licensing may be needed. Before starting you need to list out what are the services you are willing to offer. Do you simply want to do bookkeeping for small businesses or do you want to be more involved with services like maintaining balance sheets, income statements, or financial reports on a monthly, quarterly, or annual basis?

To start and grow your business, you can listen to the best motivational speaker Dr. Vivek Bindra here;

2. Business Plan Service

Think you are good at creating excellent business plans that constitute scaling? Well, then you can offer a soup-to-nuts business plan to various entrepreneurs who are looking to develop a business plan for their startups. Plan your fee around that one main factor that the client will want and offer others as add-on services. You can either give your clients an e-file or you can keep the business plan on file and offer to customise it whenever necessary. Prepare some samples to show your clients as well.

3. Party Planner for Children

From children to adults, everybody likes to party and celebrate their special moments uniquely. The children’s birthday party has become a million-dollar company as millennial parents don’t shy away from spending when it comes to making their children’s birthday special. If you listen to Dr. Vivek Bindra- the best motivational speaker in India & business coach to various large organisations and corporate sectors you will gain in-depth knowledge about starting your own business from the scratch.

4. Consultant

To become a consultant, you need to have expertise in something. Market yourself as an advisor to people who are looking to work in that area. For instance, if you have a good knowledge of digital marketing, you can become a consultant to a business that is looking to establish its presence online. With the expertise and experience that you have gained throughout the years, you can help others do similar things without repeating the same mistakes that you made along the way.

5. Editorial Services

If you have a knack for writing and editing, you can provide freelancing writing and editorial services right from your home. All you need to have is a good internet connection and a working laptop. Here is a list of services that you can offer to your clients:

a). Copyeditor- From checking facts to fixing grammatical, stylistic, and typographical errors, copyediting involves everything.

b). Proofreading- The last stop when a writing piece is finished. A proofreader ensures that all the changes have been implemented and no new errors are created in the process.

c). Ghost Writing- You can offer your services as a ghostwriter in which you will have to conduct all the research and write the book. However, someone else’s name would be attached to it as the author.

d). Copywriting- As a copywriter you will produce copies or taglines that promote a product or a service.

6. Event Planning

Love planning things out for your friends and family? You can become an event planner. One of the first things you are required to do is to visit the client’s location. Tour each site and learn what is available at each location that you can use to create an unforgettable event. You can speak to the client once you start planning things out to understand their expectations and requirements along with the key parameters that you need to work upon.

7. Interior Decorator

If you have done a professional course in interior designing then you can pursue your interest by looking for clients in your network. But if you have a natural talent to give even the smallest space an amazing makeover, you can start your business right from the comfort of your home. To get clients, you can market your services to building contractors. People purchasing new homes often find the process of decorating and organising overwhelming. So, you can take away their worries by offering your expert advice on decorating their interiors.

We are living in a world where people want to be their own boss and starting a startup business is the best way! So, why not try the business ideas that we have mentioned above? They are easy, risk-free, and require minimum investment. Which business idea do you like the most? Let us know in the comment section.

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

To know more, visit:  www.badabusiness.com

Categories
Business motivation Motivational

5 Powerful Business Lessons Every Entrepreneur Should Learn!

5 Powerful Business Lessons Every Entrepreneur Should Learn
5 Powerful Business Lessons Every Entrepreneur Should Learn

Summary: Every startup has a unique journey and its share of dos and don’ts. So why not learn from them instead of making the same mistakes again?

Ravi started his first business at the age of 19. Though he had a knack for how to start a business, he lacked how to manage it. So, his business grew quickly with just five employees in three states. His revenue was good, and the business was running smoothly, but because he lacked how to manage a business, things got out of control in no time.

Five years into the business, Ravi was in INR 10,000,00 debt. His dream of entrepreneurship had turned into a nightmare.

So what is the moral of this story? You might know a lot of things, but still, there are a few things that young entrepreneurs need to know.

Entrepreneurship can be wonderful and a fulfilling journey if you build your business the right way. Here are five wonderful lessons that you might want to learn today:

1. Know Your Customers Well

Seth Godin said, “If you try to reach the whole world, you will end up reaching no one.” If you are a “jack of all trades,” you will have a tough time growing your business. Your efforts to grow your business and focus to work in that direction will be scattered.

Hence, it is very critical to know your customer in and out. The more specific you can get to who your ideal customer is the better. It will help you to figure out the best way to find more potential customers. You can also take guidance from the best business coach who can help you to understand the buyer’s persona.

2. Don’t Over Promise & Under Deliver

In the business world, if you promise your customers a miracle, you should deliver one. If you want to grow your business and sustain it in the long term, you have to be the kind of business that always keeps its promise. For startups, there are going to be limited initially on what you can do, but that’s ok. Focus on your strengths.

3. Stay Organized

Whether it is home or work, unorganized surroundings and way of work could be frustrating for everyone: your staff, your customers, and your mental health! Staying organized is important to keep your business running smoothly. A disorganized way of working will repel new customers from doing business with you in the future. To keep your business organized, start simplifying things. This will eliminate the clutter and keep your business operations organized. Find a business coach who can help you navigate the challenges that a startup has to face, initially.

4. Focus on things that will Help You Grow Your Business

One of the most important lessons, which is applicable not just at work, but also in every sphere of life is to manage your time. As an entrepreneur, it is very important to learn where to focus your time. Don`t get distracted by too much information that might appear shiny and bright. Instead, focus on what is essential for the growth of your business and apply it wherever it is necessary.

5. Get Over Failure & Setbacks Quickly

Whether it is Einstein, Thomas Edison or Steve Jobs, or any other successful entrepreneur, one common thing that they share is FAILURE. Entrepreneurs often hold back because of ‘Fear of Failure’.  However, the truth is that failures are momentary set-back and not business-ending events, which send you in the right direction. When you experience failure, you must know that it is not the end of the world. Brush off the dust and move on, determined to come back even stronger. You can also work along with a business coach who can help you spot your shortcomings and direct you to bounce back.

You can have a good idea, but to be the most successful entrepreneur you must know how to turn a good idea into a viable product or service for your business. You can give it all, but it is important to know that it takes time and feedback from your customers to get your best.

So don’t be that “I know it all” entrepreneur. Be open to new learning and stay curious to look at things from a different perspective. Learn these lessons and your business will thrive.

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

To know more about our courses, visit: www.badabusiness.com