Tag: best business coach in india

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Business motivation

How To Avoid 3 Common Fundraising Mistakes Entrepreneurs Make That Can Sink A Business!

How To Avoid 3 Common Fundraising Mistakes
How To Avoid 3 Common Fundraising Mistakes

Starting a startup might seem all exciting and there could be times that everything falls into its respective place. You think about starting a business and the customers come knocking at your door since day one.

You raise funds easily and your first pitch to your investors is a rip-roaring success. Everything goes according to the script, even if you didn’t think too much about it. But what happens when you couldn’t able to generate investment for the second round? What happens when things go wrong?

Watch everything that you need to know about Fundraising in this video:

The problem with effortless success is that it does not prepare you for the worst. Some so many entrepreneurs tasted early success in their entrepreneurial journey, but things got a little tricky when additional capital was required. Their numbers were bad and their business looked like a nightmare which put the investors off-board.

So what are those BIGGEST mistakes of fundraising that every entrepreneur must avoid? Here is a list:

1. Catastrophic Mistakes

There are plenty of crucial decisions to be made over the first few raises. Entrepreneurs must decide how to pick the right investor for their business, whether they should try crowdfunding, and how to evaluate their business. The important steps can help to take the business to successful heights. But these are the areas where people can make catastrophic mistakes.

How to avoid it?

The starting point is the exit! What many people don`t realize is that taking investments puts you on a path to exit. Every investor wants to get off in 6-10 years with a return. So looking at the stages to exit is the place from where entrepreneurs should think further than expected. Also, one can take professional help from the best business coach in India.

2. The Correct Numbers

Focusing on numbers is one of the most essential things if you want to ensure that your business sustains in the long run. Many start-up businesses fail to thrive ahead because the founders couldn’t raise a second tranche of money. Numbers are critical even at the pre-revenue stage and therefore it is vital to work on the financial plan. Most founders overestimate the cost and the period it will take to hit targets.

How to practice it in the real world?

So understanding the biggest gap that exists in the business models is between what is being projected and the actual cost bases is very important. Investors typically look for businesses that can understand their cohort financial analysis, customer acquisition drivers, and churn rates. Hence, an in-depth understanding of unit economics and how it can be improved can help any business to sustain itself for a longer time. However, hiring a business coach too can help you navigate the challenges of fundraising.

3. Unpicking Experience

To err is human. And one of the best qualities that humans are bestowed with is their ability to learn from them. But is the fact that someone has made mistakes and learned a valuable lesson from them is necessarily a reason to trust their judgment? Well, certainly not!

Unless humans make mistakes, their learning will never start. However, it is not advisable to carry the burden of past mistakes over their shoulders. Many entrepreneurs carry the weight of their past business mistakes to their present and future. But dwelling on past mistakes results in nothing more than unhelpful introspection.

How to avoid it?

Learning from past mistakes is something that every successful business leader must do. Also, if you take help from a business coach he or she can probably help you to learn from their professional mistakes which is probably every essential.

Fundraising is certainly not easy! Even if you find investors in the first round easily that does not guarantee for the next investment rounds to be that smooth. Hence, only by understanding both the thinking of investors and the pitfalls that may lie ahead, businesses can be better equipped to obtain the funding they need. And taking the professional expertise of a business coach can demystify the investment landscape for entrepreneurs.

To know more about fundraising and investment strategies, take our ‘Entrepreneurship Course’ which is a specialized online business course tailor-made for those who want to pursue their entrepreneurial goals!

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Business Courses

5 Reasons Why Entrepreneurs Must Pursue Online Business Courses!

5 Reasons Why Entrepreneurs Must Pursue Online Business Courses!
5 Reasons Why Entrepreneurs Must Pursue Online Business Courses!

Stay hungry, Stay Foolish- these were the golden words from Steve Jobs that pretty much elaborate why every aspiring, upcoming, struggling or successful entrepreneur needs to keep learning.

Most often people believe that once they have acquired success or have hit their major goal, they do not have to explore the world of knowledge, any further. Ask any successful millionaire or billionaire and they will all tell you the same thing- keep learning.

If you want to be a rock star of the business world, you will have to stay updated as there are loads of entrepreneurship courses that are perfect to enhance your leadership skills. Reaching a milestone once is not enough. That is just the beginning of where the hard work has just begun. And, there is so much more to learn.

According to research on ultra-successful business, people read around 60 books every year. That is more than one book, per week. If you do not like reading fiction, you can go for non-fiction books or online business courses for entrepreneurs.

A lot of times even the students who are passed out of A-listed management institutions are not updated with the latest trend and technology in the market. This is why continuous learning is a must for every entrepreneur as it will form a critical part of your success in professional as well as personal life.

  1. Online Business Courses offer Choices

Education on the internet has transformed completely, and mostly for the better. The education that one receives online is nothing like the university or a college class where a professor comes to deliver a long and boring lecture on a subject you have no plans to pursue soon.

Things have changed big time! Today, an online course is similar to a real-life learning experience. Sometimes, it is better than the latter because it gives ample opportunities to entrepreneurs to excel in various fields of business. Where university education just helps you to get a degree, online courses prepare you for the real world.

  1. Less Expensive

A commitment to lifelong learning should be on every entrepreneur`s mind. However, it going back to the university to gain in-depth knowledge about various aspects of business is neither available nor feasible.

So whether it’s a regular entrepreneurship course or problem-solving courses for a particular business challenge, an online business course can be your best bet as it is very affordable. For a fraction of the cost, you can receive university-level learning lessons and experience straight from an industry expert. All you have to figure out what kind of course and in which subject you would like to pursue your education.

  1. Result Oriented

We know giving your money away to someone whom you have never met can be intimidating for some. However, very few people understand that this is the major reason behind the motivation of online educators. Why? Their reputation is at stake, and that is the reason why they help you to get the results you desire instead of just teaching dry theory.

  1. Flexibility to attend from anywhere, anytime

As far as traditional methods of learning are concerned, every student used to get evaluated based on 45-minute lectures per week. But, with online business courses for entrepreneurs, one can access the lecture and classes anywhere, anytime. Whether you are traveling in the metro for work or feeling curious to learn something new about a business crisis you have been experiencing, online lectures make learning smooth and hassle-free.

  1. You can Keep the Course

Perhaps, this is the best part about attending an entrepreneurship course that instead of purchasing heft-priced textbooks and making tons of notes, many online courses let you keep a lot of course material.

Not only that, but you are also provided with worksheets to track your progress, discussion forums, and interactive presentation at your fingertips.

Learning should never stop! Keeping your knowledge reservoir always updated and upgraded will help you to stay ahead of competitors. So if you have not considered taking an online business course, you should not delay it any further.

Do your research, and find the best business coach in India that has solid credentials and trustworthy testimonials. Do not just sign up for any courses, as there are many swindlers out there. You can also take our Problem Solving Courses if you are looking for a breakthrough into your startup.

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Business motivation Small Business Consulting Firms

5 Simple Things That Will Make You The Best Business Management Consultant In India

5 Simple Things That Will Make You The Best Business Management Consultant In India
5 Simple Things That Will Make You The Best Business Management Consultant In India

You may have noticed that today the consulting industry is in bloom. There are so many big or small business consulting firms in India that are rapidly growing and making handsome profits.

Not only from the business perspective, but even science says that business management consultants add value to an organization. The World Bank conducted a formal study in which a control group of factories along with a treatment group was included.

The results were quantified and surprising!

The economic benefits for the first year exceeded the cost of the consulting- with later years` benefits like pure gravy.

So, what does it take to become a successful business coach in India when competition is high, and you have to compete with the best of the best? There are few essential qualities that top-class business coaches adopt to make a golden resume.

So whether you have just started a small business consulting firm or considering it as your career path, here are some of the vital characteristics that you must cultivate to go from being a good consultant to the best one:

  1. Become Reliable

A consultant`s worth depends on how much his clients can rely on his word. This essentially means that you will have to deliver exactly what you promised your clients. This may sound simple, but this is the most paramount thing that is needed to build trust and credibility among your existing and future potential clients. Make sure you keep your promises and be consistent in your quality.

  1. Develop an eye for minute details

One thing that can make you one of the best business management consultants in India is having attention to detail. This is such a crucial skill in consulting business as it ensures that your deliverables to your clients go error-free. It showcases how thorough your research and your recommendations are solid.

If you have this skill naturally, nothing can be better than that. However, if you are not then it is best to create a list of things to double-check before submitting or promising anything to your clients.

  1. Stay Ahead from the League

If you have just started your journey as a business coach, your first few years of consulting will keep you juggling between industries, clients, and areas. No matter how broader your experience is, it is a good idea to learn something new or develop a skill that will differentiate you from the rest of all your competitors.

From communication skills to advanced financial modeling, or gaining in-depth knowledge about a specific area in the industry, take out the time to discover in which field you can become a specialist.

  1. Learn to think Critically & Analytically

Every business management consultant has a charming personality with enough ambition to last a lifetime. But what distinguishes a good consultant from a great one is his or her ability to not only take care of the tasks at hand but also to think critically about the work.

For instance, your client might ask you to find cost savings in a supply chain. But, it is crucial to understand why it is necessary for the business? Are profits declining? Is your client lowering prices to compete with his competitors? Thinking critically will help you develop better insights and solutions for your client.

  1. Resolving crisis via Resourcefulness

Be it a large or a small business consulting firm, you will be asked to solve problems that may be completely new to you, or maybe altogether an alien concept event to the industry. However, a great consultant is prepared to face these tough problems or challenging demands through his resourcefulness.

Hence, developing an ability to quickly and creatively solve problems should be one of the main things to become the best business coach in India.

It takes a lot to succeed in the consulting business. But focus on the above-mentioned skills and you will yield great results. Also, always ask questions. However, ensure that you ask them in a helpful, least annoying way. You can also listen to some of the best motivational speakers in India to learn the nuances of consulting world.

Want to open a small consulting firm but have no clue how to build a business from the scratch? You can take our ‘Entrepreneurship Course’ that will help you gain in-depth knowledge about establishing your startup.

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Business motivation Strategy

5 Steps To Design World Class KRAs And KPIs For Business Success

5 Steps To Design World Class KRAs And KPIs For Business Success
5 Steps To Design World Class KRAs And KPIs For Business Success

Most of us are very much aware of the infamous Peter Drucker quote- “What gets measured gets improved.” The quote is very much relatable in today`s world because many of us readily recognize the importance of Key Performance Indicators (KPIs) and Key Result Areas (KRA).

As the companies are pushing the boundaries to increase productivity and value, KPIs and KRAs play a vital role in a company`s decision-making process. They serve as the necessary success factors for your company. They not only define your ongoing responsibilities, but also enhance communication across teams and other departments, convey strategies across all employees, and help to align them with the company`s goals.

These goals begin from the top and trickle down to every team in the organization, each performing their designated functions to take the business ahead. This is why many start-ups and mid-level companies are taking professional expertise from the business coaches in India to help build clear and well-defined KRAs and KPIs.

But what exactly are KPIs & KRAs?

Firstly, let`s talk about KPI or Key Performance Index. It is a measurable value that determines how successfully a team or an individual is achieving a business objective. Companies across the world use KPIs to guide and help employees towards achieving a common goal. There are also multiple online business courses available for the in-depth knowledge.

It also helps businesses to understand whether they are utilizing and spending time on the right strategies, tasks, and tools to achieve their goals.

On the other hand, KRAs or Key Result Areas form a foundational element in any business. Having a clear and defined goal for each position helps to keep all the team members focused and responsible.

As we have a finite amount of time in the day to accomplish infinite tasks, KRAs ensure that people are making the most of their official working hours to produce the most ROI.

So how can you design effective KRAs & KPIs that will help you achieve your business goals? We have listed out five ways in which you can design, choose and implement KRAs and KPIs:

  1. Determine your end objective

Creating a clear vision and end goal of what you are trying and would like to accomplish is very essential for any business. A simple and straightforward objective should be connected with your KPIs and KRAs. Every organization might have different KRAs and KPIs. However, it should be specific, easily measurable, and clear to understand.

  1. Indicators

Once, you identify the business goals, you need to figure out what are the indicators that might speed up the progress towards the goal. One of the common mistakes that managers and leaders do is jump straight from the problem to consider what to measure. This can often lead to confusion and misaligned incentives.

E.g. most of the time, a company tries to improve its customer experience by measuring bounce rate. But what they don`t realize is that there could be plenty of reasons behind the bounce rate. So, just improving the bounce rate does not guarantee a better experience. Working on the efficiency of his or her digital marketing campaigns might produce better results.

  1. Ensure everyone is on the same page

Organizational KRAs usually involve KRAs and KPIs of all the departments, teams, and individuals. It is very important to ensure that everyone is aligned with the KRAs developed at the company level. To make this concept clearer, multiple discussions must take place. It is paramount to build an understanding that the progress of KRA in every company will be measured and calculated by KPIs. Hence, every team, department, and employee must understand their KPIs to ensure that a particular organizational KRA sees improvement.

If you are unsure about how to do that, you can take professional help from a business coach who can help you build effective KRAs and KPIs.

  1. Set SMART KPIs

As we all are aware of the fact that KPIs affect KRAs, the leaders must assign SMART goals to each department, team, and individual. Goals should be easily measurable, specific, realistic, possible to achieve, and time-bound. This will make it easier for everyone to achieve their goals and contribute towards organizational growth.

  1. Everything should be in written

To ensure that everyone is clear about their KPIs and KRAs, simple templates can be used to share among the concerned people. Hence, while setting the organizational goals, one should have the KRAs and KPIs of every department, team, and individual in one place. This will simplify the tracing of every action. The templates should also mention the reporting managers along with their respective departments.

An organization, be it large or small, needs to create KRAs by setting different KPIs at the employee, team, and department levels. KPIs should be realistic, achievable, clear, and growth-inducing. The bigger picture and the ultimate objective of the organization should always remain in the focus. Hiring the best business coach can also be a smart move in this context.

Are you struggling with your organizational growth due to improper KPIs and KRAs? Get practical solutions easily with our step-by-step learning strategies, action plan, frameworks through our Problem Solving Courses that are designed to empower you with various business functions. From finance to HR, Digital Marketing to IT & Sales, find creative solutions to prominent business problems easily.

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Business Startup Ideas MSME

5 Common Mistakes Entrepreneurs Make While Starting MSME Startup!

5 Common Mistakes Entrepreneurs Make While Starting MSME Startup!
5 Common Mistakes Entrepreneurs Make While Starting MSME Startup!

Small and Medium Enterprises (MSME) is the backbone of the Indian economy. Around 30% of the GDP in the Indian economy is contributed by MSME. It has created approximately 11 Cr. Jobs, which is second only to the agricultural sector and accounts for 45% of the total Indian manufacturing output, and 40% of the country`s total exports.

Despite their mammoth contribution to the Indian economy and MSME schemes for the startup business, this sector is facing lots of challenges in which an unorganized business structure and proper mentorship top the chart.

While MNCs and other large firms operate with a set of business advisors, business analysts, and life coaches for distinct aspects of business, MSMEs generally lack the key insights, resources, and inclination to reach out to a professional for expert guidance.

As a result, there are few common mistakes that MSME enterprises continue to make, impacting their growth. However, in the past few years, there has been an upsurge in the number of business coaches in India and business consultants that are specifically focused on Startups, SMEs, and MSMEs.

These mentors help first-generation entrepreneurs with how to start an MSME business and navigate through complex challenges of the business world.

Do you have MSME startup ideas, but have no clue from where to start? Well, here is a list of 5 common mistakes that most Small and Medium Enterprises make, which can be avoided with the help of the best business coach in India:

  1. Lack of Planning

Initially, many businesses start with an idea of a product or a service, which, in principle, seems to resolve the burning problems of the consumer and result in a huge commercial success. But, it fails due to proper understanding and a good MSME business plan.

The matter of fact is that every business small or large needs a business plan that includes mission and strategy, financial objectives, development of finances, sales and marketing strategies, resource plan, competitor analysis including pricing, market summary, and financial forecasts.

If your business plan is not based on well-researched information and accurate statistics, it may fail. You can take the help of a business coach to come out with a business plan that is based on practical information and not on some unrealistic expectations.

  1. Lack of Foresight

Most businesses start with a long-term vision, but after managing daily challenges and internal business crises, it loses focus and gets lost in basic survival. Many others will become too satisfied with their state of business and might lose sight of growth and expansion after getting comfortable.

These issues might appear minor; however, in the long run, they can become the major reason behind the failure of a business. This can be addressed with the help of a business coach in India. A business mentor can help you to come out with a systematic long-term growth chart and will work together to ensure that the same is followed.

Through consistent follow-up, support and guidance, a business can overcome short-term challenges and pacify setbacks by implementing a practical and achievable strategy for growth.

  1. Lack of Working Capital

Being optimistic is one thing, but setting an unrealistic expectation by ignoring the statistics is another. Time after time, there have been so many MSME business plans where the owners have an unachievable and unrealistic expectation about revenue and cash generation. This irrational calculation leads to financial crunch and failure.

Other business plans may focus on set-up costs but fail to factor in the day-to-day running costs. Every entrepreneur must understand that the establishment of a business takes a year or two. During that period it is crucial to keep the machines running, lights on and staff paid. Taking a more realistic approach towards your business for the first 18-24 months will increase your chances of running your working capital needs.

  1. Resistance to learning & upgrade skills

Change is the only constant! And, due to the innovation in the digital world, a constantly evolving consumer landscape, businesses need to adapt to new technologies. It makes it almost inevitable to escape these changes. Not upgrading your skill sets as an entrepreneur, may hinder your progress and failure in business.

While most SMEs and MSMEs look at skill up-gradation, they find investment in staff training and continuous learning as an investment burden. However, if done right, it has the potential to not only get the business out of the crisis but can also ensure that the business remains in the league and grows exponentially.

  1. Hesitant to Adopt Technology

Technology has become an integral part of our lives. From healthcare to entertainment, wellness to leisure, agriculture to the BFSI sector the presence of technology is evident everywhere. The technology-enabled business can only thrive in the 21st century. Despite this, a large number of MSMEs continue to shy away from adopting cost-effectiveness and continue to depend on manual labor.

Apart from the above-mentioned points, there are some basic factors as well like financial planning; smart marketing techniques, leveraging government policies, tools, and adequate focus on alliances are some of the other areas where SMEs and entrepreneurs must focus.

Are you an entrepreneur and looking for solutions, which you are facing in your entrepreneurial journey, you can take the ‘Entrepreneurship course’.

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Business motivation Business Startup Ideas

5 Best Business Ideas For Students To Make Money While Studying!

5 Best Business Ideas For Students To Make Money While Studying!
5 Best Business Ideas For Students To Make Money While Studying!

Does money make online from the comfort of your home sound interesting? For many people, including students, making money online would be an absolute dream come true. These are some of the best business ideas for students. And if they could find a suitable way to make money, they could earn their own pocket money, while still focusing on their studies.

Life as we may presume is not easy in academic years. Pressure to excel in studies, parents’ pressure, stressful subjects, and social anxieties all contribute to the struggle during their formative years. On top of it, the financial aid that students receive from parents is limited. This is why an average Indian student`s life is highlighted by Maggie noodles and old-rugged jeans.

So, if you are a student and want to start making passive income along with your studies, then here is a piece of great news for you!

Read this article till the last line because we are going to reveal some of the most amazing money-making ideas for students that will hone their entrepreneurial skills.

Keep reading!

  1. Love writing? Become a Freelance Writer

From maintaining daily journals to writing short paragraphs, if this is something that excites you and calms you down at the same time becoming a freelance writer is a good opportunity for you. Students tend to spend hours and hours writing for classes.

However, what if we tell you that there is one thing that most of the students don`t know about and in the absence of it, spend their academic years penniless? Well, you can get paid for writing high-quality articles in the real world.

It may sound too good to be true, but in their bit to reach out to as many people as it is possible, brands are always on the lookout for people with excellent writing skills to help communicate their brand message across a wider audience. Freelance writing is a wonderful money-making idea for students as it provides remote work, flexible hours, and more practice at a skill students already have.

  1. Start Tutoring

When you are studying, it not only provides you education and a certificate but also a vast reserve of knowledge to impart to share with other students, who are junior to you. If you are good at sharing knowledge and information with others, you start giving tuitions to your juniors.

All you have to do is to reach out to students and you will find out that there are good numbers of students who are struggling with subjects that you have already mastered. Teaching them will not only provide aid to juniors in studies but will also improve your hold on a subject, while also making a serious income on the side. If you are more creative, you can also take guidance from one of the best business coaches in India– Dr. Vivek Bindra.

  1. Consult for Businesses

Due to cut-throat competition and intense brand presence on all the social media platforms, there is a high demand for the youth perspective from consumer-centric brands. Companies today, not only want to know about the youth`s perspective, but also want to pave new pathways to reach out to them.

As a student, if you think you have the strategic perspective that aligns with the business requirement, then you can simply become a business consultant. All you need is a website and a business card; you can turn your knowledge into a profitable online business, and start helping brands to connect with young students.

  1. Start a company

Do you think you are too young to start a company? Well, if you have a million-dollar business idea, starting a company will be an easy task. Not sure about that?

Tilak Mehta,a 13-year old kid from Mumbai has started his own company- Paper and Parcels that delivers courier within the city on the same day. His USP—affordable price that is around 30-40% less than what premium companies may cost you.  You can watch his full interview, right here.

The market is brimming with some of the business ideas for students, which can be implemented by students. Using you entrepreneurial approach and spirit, you can gain valuable experience from beginning your own company. You can also take full advantage of the resources that are available around you to build something that is profitable.

As the college grounds are ideal for budding companies and entrepreneurs, you can start your own company by using the high-density network, and access to younger customers with good purchasing power.

  1. Social Media Influencer

Are you good at expressing your ideas that might influence others and help them in day-to-day challenges? Do you think you have the best clothing style? Or do you have culinary tips to share with people? If, the answer is yes, and you love to spend time on social media you can become a social media influencer.

All you need is a considerable number of followers on your profile and a clear understanding of what the audiences like to watch and want. You can get paid by brands to run social media accounts for companies. This is one of the best money making ideas for students that can help them earn much more than just their pocket money.

If you are a student and want to open new revenue gates, you can try some or all of the business ideas that we have mentioned above. You can also listen to some of the best business coaches in India like Dr. Vivek Bindra to get more brilliant ideas.

Categories
Business motivation Strategy

7 Important Tips For People Investing In Stock Market For The First Time!

7 Important Tips For People Investing In Stock Market For The First Time!
7 Important Tips For People Investing In Stock Market For The First Time!

The stock market is a fascinating world, and venturing inside it is like a gamble for everyone. Where the fluctuating highs and lows of the market can seem like a playground for professional traders, it could be frustrating for someone who has just entered the world of the share market.

The uncertainty and unpredictability of the market can be frustrating for a first-time investor. However, having adequate knowledge and the required analysis of the stock market can help you receive long-term returns. You can also hire the best business coach in India to get information about stocks, equity, and the share market.

In the beginning, the fear of putting your money in the market might make you change your mind, but keeping yourself patient and calm can help you focus on long-term returns on your investment.

To know everything about Share Market from the scratch, watch

So what are those 7 things that every new investor should keep in mind before putting their money in the market? Let`s find out:

  1. Invest with a Game Plan

“Why am I investing, and what is my goal?”- this is something every individual should ask himself or herself before making their first investment. Having a game plan is necessary and an essential step in the process. Having a clear objective in your mind helps you to achieve goals.

For instance, if you are planning to own a house in the future and your goal is to save money for that in 10 years, you should figure out how much you will need to invest monthly to reach your goal.

  1. Diverse Portfolio

Investing is not just about putting your money in the stock market. Trying to get heavy returns by putting all your money into a few hot stocks will fail in the long run. Despite all the hype that is being created around stock picking, the path to long-term wealth creation is asset allocation by building a diverse portfolio. A portfolio with diverse allocation includes stocks, bonds, and a range of other asset classes.

  1. Stick to Single Strategy

If you would Google for investment strategies, you will be presented with tens of thousands of results. However, it can be overwhelming and create confusion for someone who is exploring the world of the stock market for the first time. Hence, the best way is to focus on a single strategy and become proficient at it. Eventually, you will start to make money over time.

  1. Develop Long-term Thinking

The world of the share market often sells fear or greed. But, it is essential to keep in mind that when it comes to the stock market or trading, the short-term approach does not give fruitful results. Hence, always think “long-term” when it comes to the trading world. Why? It is like a roller-coaster ride of a lifetime that has the potential for outstanding long-term personal benefit.

Do not get sold for the idea of “get rich quick” or the day-to-day emotions. Set a clear goal, and let the stock market do what it is meant to do.

  1. Buy only when you understand it!

In 2017, Bitcoin was the hottest thing to put money on- and more often than not, there will be a particular investment that gets a lot of attention. However, you must invest money in it only if you understand the nitty-gritty of it.

New investors often have this idea of “get rich quick” and end up losing more money. Staying away from that mindset will help you save your money. Buy a stock only if you know the product or service. Otherwise, you can also put your money in a low expense stock, or a mutual fund can be a good start.

  1. Invest in Balanced Funds Systematically

Ask anyone who has been trading in the stock market and they will tell you how a balanced approach over time will always provide growth. This has made so many people`s retirement extremely comfortable.

However, you will not find many takers of this golden approach. The major reason behind it is the overheard stock tip. It may yield fascinating results on rare occasions, but more often than not the money is lost quickly. To avoid risk, it is highly recommended to put your money in balance funds systematically over time.

  1. Practice Patience

The world of shares and the stock market can be overwhelming. If this is the first time you are trying to explore the dynamics of it, you will have to understand that it`s a long-term game. You will have the time to ride the fluctuating waves and the flexibility to diversify your risk. Do not make any rash decisions and take time to discuss the pros and cons with your advisor. They might charge you a little, but they will educate you on what exactly is going on in the market.

So take your time and learn from them as it will help you make an informed decision.

Stocks move up and down, way too quickly. You might feel your heart skipping a beat with every high and low of the stock you have put your money on. However, do not panic and sell everything, if you see a 2% drop in your portfolio. Constant buying and selling will lower your returns in the long run.

Always choose stocks that you truly believe in by analyzing their past performance. Buy and hold them. It will yield long-term returns.

Are you new to the world of the share and stock market? Then you can take our business training programs where you will gain in-depth knowledge about share and the stock market in a very engaging and easy-to-understand format.

Categories
Business motivation

Why A Business Coach Is Vital For Small Business Owners

Why A Business Coach Is Vital For Small Business Owners
Why A Business Coach Is Vital For Small Business Owners

A business coach or a motivational coach in India can be an ideal growth partner, especially for small business owners. They can help the business gain both- scalability, and stability.

But in the current scenario, is it worth investing in a business coach? Let`s find out in the article below!

As our country is still struggling with the second wave of COVID-19 many people while reading this article might say that – a business coach has no place in our current to-do list. However, if you ask some of the top industrialists and successful businessmen in India, they will state otherwise.

Surprising? Well, lets us explain why the ongoing pandemic situation is a perfect time to hire a mentor for your company.

Just like M.S.Dhoni (the former Indian Cricket team Captain) used to pull the team out whenever the team was having troubles during the match, taking the help of the best business coach in India can give you something imperative for success- a perspective and professional guidance.

A mentor can be an ideal growth partner for small business owners. If your mind is still in splits, here are few reasons why taking the services of the best business coach is vital for entrepreneurs and other small business owners:

  1. PURPOSE & GOALS

These two aspects build the foundation of any business. In the initial stage, entrepreneurs may spend their time doing things that are essential for the existence of their business. A business mentor, however, helps these aspiring business owners with the purpose and the goals at the forefront.

They also keep reminding them about the reason behind them doing certain things.

  1. FROM EXPERT TO ENTREPRENEUR

Just like theoretical information and practical experience have a stark difference, being an entrepreneur is not the same as being a subject matter expert.

Having in-depth knowledge about a business and the market is not just sufficient to run a successful company. A professional mentor can provide great insights and help entrepreneurs to develop smart habits and great practices to help or she establish a business that can succeed.

  1. SOLUTIONS FOR BUSINESS GROWTH

With everything turning digital, growing a potential customer base and brand awareness is like Rubik’s cube. Simple to do, but hard to decipher the path!

If you hire the best business coach in India, he will come with his expertise. And, with great experience comes great knowledge. He can provide creative solutions, completely customized and innovative strategies to overcome the challenges that you might face on your entrepreneurial journey.

Most small business owners find the implementation of strategies, business plans, and operational issues extremely challenging. However, a business mentor can give the owner much-needed perspective, direction, and guidance for the same.

  1. FRESH NEW PERSPECTIVES & INNOVATIVE IDEAS

“Two heads are always better than one”- an adage that still holds in these times, and a wise principle that every small business owner should religiously follow.

Whether it is a new marketing strategy or a sales plan, business operations or leadership skills, whatever the owner is contemplating, it is always better to take professional help. Professional guidance by the best business coach can turn any idea into an excellent business opportunity.

A mentor will not only provide solutions to the business owner but also asks tough questions that nobody in the ecosystem would ask.

  1. PROMOTES ACCOUNTABILITY

One of the best pieces of advice that a professional mentor will give any entrepreneur is not to lose sight of the significance of accountability. This is a vital aspect to make a business succeed.

Accountability isn`t just about constricting scope, rather it is about delivering what was promised, and building a stronger foundation for the business to grow.

A coach can challenge the perspective and mindset of small business owners. He can provide solutions, and help an entrepreneur walk through the path of success.

If your business is going on downhill, it is a perfect time to take the services of the best business coach in India Dr. Vivek Bindra, who is an internationally acclaimed motivational and business coach.

He is a trusted advisor to around 1,500 corporates and keeps on inspiring millions of people across the country. He has been instrumental in providing CEO coaching to over Top 100 CEOs in the country.

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Business motivation

6 Powerful Reasons to Hire a Business Coach, Right Now!

6 Powerful Reasons to Hire a Business Coach, Right Now-BadaBusiness
6 Powerful Reasons to Hire a Business Coach, Right Now!

Running a business is not an easy task. Though the perks of being your boss are plenty, the constant challenges of the business world need to be addressed. Entrepreneurs who have just begun their entrepreneurial journey and want to scale their business hire the best business coach in india to help them get there.

A business coach brings years of expertise and experience with themselves that can help entrepreneurs, solopreneurs, and wantrepreneurs to take their business to new heights.

But is it worth the time and expense? It certainly is worth the time and expense! Especially when you are willing to fast track your business growth, and there is a gap between where you currently are, and where you would like to see your business.

If you are looking to hire one, here are seven benefits that you will experience from hiring the best business coach for your company:

  1. He will Help to Find your Blind Spots

As an entrepreneur, it becomes difficult to get into the weeds of the business. When you are living inside a building; it is hard to see its exteriors.

Similarly, while running a business, it is difficult to see your loopholes. A business coach can give a lot of succinct points about your brand and your business operations that you couldn`t have spotted otherwise. You can use your network to find one, or you can also contact Dr. Vivek Bindra – one of India`s best motivational and business coaches.

  1. He will guide you like a Compass

Sometimes, entrepreneurs get caught up in day-to-day if running their business. They take de-route and fail to bounce back. A business coach helps you to provide the right guidance like a compass and ensure that you are heading in the right direction. One small change in your direction can lead to unbelievable better results.

A professional business mentor serves a crucial role and regularly checks in to ensure that your business is on the right path to reach your ideal destination.

  1. He will help you Bridge the Knowledge Gaps

One of the biggest challenges in the path of success is the lack of vital information and knowledge. When it comes to finding solutions to business problems, you just can`t Google your way out. Also, sometimes when you do not know the problem, you can`t find a solution.

Business mentors are great accountability partners who can help you ensure you are consistently growing and evolving by learning.

  1. He will Offer Unbiased Insights

One of the biggest advantages that you get by hiring the right business coach in India is that he provides you with constructive criticism without getting biased. If you ask your co-workers, colleagues, family, or friends about what you need to do to get better, you may receive their biased opinions. Also, those opinions will lack professional insights. They may not understand the strength and weakness of your organization, or your management and leadership style.

A business coach will tell you what you need to hear, and not what you want to hear!

  1. He will Open your Mind to Innovative Ideas

It is human nature to stay in their lanes, once they have achieved success. The tendency to observe old habits and patterns that have proven successful in the past is quite common in entrepreneurs.

A strong business mentor can help you to increase awareness of methods and ways to attain success that has worked for other people. He can also offer powerful insights that you can practically apply to your business operations and even day-to-day routine.

  1. He can carve the New Way for Success

Steve Jobs once said, “We hire smart people so they can tell us what to do”. Though, lot of people just want to see their employees nodding at every word they utter, great managers and true leaders appreciate the honest employees and team members.

When it comes to mentoring, a professional business coach can help you put the pieces together for you and help you to pave way for success and more revenue in your business.

Building a business is tricky, especially if you are starting. One of the biggest pros of hiring a business coach is that they will help you to stay on the right track. If you are looking to hire the best business mentor, there is no better choice than Dr. Vivek Bindra.

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Business motivation Strategy

7 Important Time Management Tips For Entrepreneurs In 2021!

7 Important Time Management Tips For Entrepreneurs In 2021!
7 Important Time Management Tips For Entrepreneurs In 2021!

“The lost time is never found again”, this famous quote said by the infamous Benjamin Franklin is very popular for two reasons. First, it holds nothing but the truth about the nature of time, and second, it inspires us to manage our time constructively.

Time is a valuable resource without an iota of doubt. Whether you are a student who is preparing for his exams, or an entrepreneur, who wants to do a lot in a very short span, time management is paramount for everyone.

Starting a business from the scratch requires a great deal of determination, hard work, and discipline. Hence, proper administration is crucial.

Most people often misinterpret the management of time with working extra hours. However, overworking yourself will not yield positive results, and you will rather end up feeling worn out.

Whether it is Bill Gates, Jeff Bezos, Mark Zuckerberg in this era, or Mahatama Gandhi, Nelson Mandela, and APJ Abdul Kalam, every great leader had 24 hours in a day. But they have achieved great heights of success in their lifetime.

How did they do that? They managed their time well. You can watch some of the best time management tips, right here:


One of the most common misconceptions that entrepreneurs or solopreneurs generally have is that it is OK to work for excessive hours because they are their bosses. However, this pattern of thinking can create an overload of stress.

The job of being an entrepreneur is not an easy one. And because they are responsible for donning multiple hats, entrepreneurs have a greater responsibility. This is where time management is crucial.

Here are eight tips that will help you to manage your time in the right way and achieve more productivity within your business:

  1. Prepare a list of Important Tasks

Daily or weekly, whatever suits you, but preparing a list of tasks will help you to identify the important tasks and prioritize them. Every morning, before you start your day, go through your list and allot a specific time for each task. It will also help you to accomplish all the essential goals for the day.

  1. Learn to Prioritize

When every task is a priority, nothing else is! We often get indulged in multiple tasks throughout the day, without giving it a thought if all of them hold equal importance. Once you have listed out all your daily tasks, highlight those that are on priority.

By creating a list you can recognize the activities that require immediate attention. Sorting your daily tasks based on priorities will bring you closer to your goal and help you further to advance in your venture.

Prioritizing, will not only give you sufficient time to get all the crucial things done on time but also help you avoid procrastination.

  1. Manage a Calendar

Maintain a calendar, digitally. It will help you to keep track of the tasks that you require to finish in a day. Also, you can set a reminder for specific tasks, so that you don`t forget about the tasks that are to be carried out on the same day.

  1. Organize your work around your energy levels

It`s often said that the morning time is considered to be the most productive time. Why? Because our energy levels are quite up, the mind is fresh, and most of us are ready to face the day. Our energy levels are directly proportional to our efficiency and productivity.

Hence, if it is possible, try to schedule your most difficult tasks in the first half of the day, when your energy levels are at their peak.

  1. Focus on Productivity

When you are managing time, it is imperative to ask yourself few questions. Will this task make business more productive? How much does this activity will contribute? Questions like this will enable you to analyze which activities will enhance efficiency and prove more beneficial for your business. You can then plan everything that is in favor of your business.

  1. Grow at your own pace

The major reason why this present generation of millennials is often stressed out and overloaded with work is that they all want to win the race at the same time. While you must keep making progress, it is also important to go at a pace with which you feel comfortable.

Do not compare your journey with others, because everyone has their battles and opportunities. Concentrate your energy and effort on fulfilling your goals at the pace you feel is appropriate for you- personally and professionally.

  1. Make time for yourself

Within the whole process of time management, entrepreneurs often forget to make time for themselves. Finding space for distraction, relaxation is very important. Every day, for a couple of hours, dedicate yourself to relax by taking a break from work, resting for dedicated hours, and focusing on your mental and physical well-being.

Time management was already quite a challenge during normal times. Now with the COVID-19-induced pandemic, where everyone is working from home, it has become even more difficult. From sharing spaces with our partners to managing kids and parents at home, time management has even become more essential.

So, apply our tips in your daily life and you will experience a considerable amount of improvement in your life.

Being an entrepreneur is not easy. But we believe with the right guidance from the best business coach in India can help you to overcome the challenges.

You can also take our ‘Everything about Entrepreneurship’ course, which is one of the best online business courses for entrepreneurs in India. Our courses offer in-depth knowledge about business and the market that lets you manage many aspects of your business with the minimum investment of time and money, leaving you free to focus on the larger picture.