Tag: Business Coaching Program for Entrepreneurs

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Business motivation Process & Business Expansion

Hiring a Business Coach? Here are 5 Key Reasons You Should ASAP!

Five Key Reasons Hiring a Business Coach is a Brilliant Idea
Five Key Reasons Hiring a Business Coach is a Brilliant Idea

Summary: Having a business mentor is important if you want to achieve your goals in life. If you are an entrepreneur who has just started his journey, you should hire a business coach. Getting yourself a mentor who can guide you with his years of experience and expertise is the best way to achieve your goals.

Let`s say you want to go from point A to point B in your city. You are new to the city, and only have a basic idea about the medium of transport. Now there are three ways to find how you can get there.

The first way is to figure it out all by yourself. This might require you to get around the city and walk the streets in your quest to find the right one. This could be time-consuming and frustrating. You might reach or you might quit before reaching your destination.

The second way is to ask for directions. You can ask random people on the streets. While some might point you in the right direction, others may send you in the opposite direction. Nonetheless, you will waste a lot of time.

Now, the third way is to use GPS or Google Maps. A map will guide you turn by turn along with telling you the shortest route saving you from traffic jams. You will save time, frustration, and confusion. You will reach your destination easily. A mentor is just like GPS who will give you directions and help you to achieve your goal on time.

Many entrepreneurs often take the first way, trying everything out instead of getting a mentor. They read books, watch online videos and enroll themselves in random online problem solving courses. This is just like asking for directions from random people who might not be aware of your business requirements.

Here are five reasons why you should work along with a business coach:

1. Mentors Act as Great Navigators

Young entrepreneurs need to understand the right way to achieve success without deviating from their path. Success in any business is a combination of many factors and one of them is to keep updating and learning about business. Your mentor can suggest an online business coaching program for entrepreneurs that can help you to expand your viewpoint. It will help you to resolve problems and will boost your confidence too.

2. Mentors Provide Unbiased Views

Business mentoring and coaching are two different concepts. Your business coach does not have to be your best friend. The objective of a mentor is to help you develop your business. But to achieve that he will have to view your business with a fresh perspective, and unbiased eyes and guide you, instead of solving problems.

3. A Mentor can Help You Set Benchmarks

After the initial discussion, the key role of a business coach is to initiate goal setting and celebrate important achievements to help entrepreneurs stay engaged and enthusiastic.

4. Mentors Can Help You Find Investors

Being an entrepreneur one of the major challenges is to find an investor for your business idea in which you believe with all your heart. Angel investors or venture capitalists are individuals and groups that provide funds to startups with promising ideas. They will be more interested in you once they understand the potential of your business through the eyes of an experienced industry professional who is also your mentor.

5. Mentors Provide Balance

Young entrepreneurs often come up with unique concepts and business ideas. They believe in working in innovative and smart ways while chucking old-school approaches. However, it is always advisable to have a combination of old and new in a moderate balance. Business coaches often adopt smart working techniques, while providing sound advice and constant guidance to achieve the right milestones at the right time.

Mentoring is a long process that demands consistency. While you may feel that you don’t need a business coach all the time, having someone who is an expert and a seasoned professional who you can reach out to anytime provides great comfort.

To know more about a business coach. Visit: www.badabusiness.com.

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Motivational

How To Become A Motivational Speaker

How To Become A Motivational Speaker
How To Become A Motivational Speaker

Motivational speakers are all the rage these days. From corporates to entrepreneurs, individuals with lots of knowledge, lots of unique ideas, and a lot of ideas to share are respected for their valuable contribution in an organization`s as well as employees` journey.

A motivational speaker can make us laugh, motivate us, give us a new perspective, and sometimes can make us cry. Not only do they earn everyone`s respect and attention, but also earn well. Famous business motivators in India include Dr. Vivek Bindra, Sandeep Maheswari, and Apple`s founder Steve Jobs who got fired from his own company if we are talking about the global platforms.

But, what if ordinary people like you and I want to become motivational speakers? What if you want to inspire others, but you haven`t faced hardships in your initial growing years, or poverty, or high tragedy? Don`t worry! Everyone has something inspiring to say.  We all are unique and that sets us apart.

Nothing can stand in your way if you are passionate about your desire to become a motivational speaker. But there are a few factors that you must consider if you want to become a motivational leader in India. Here goes the list:

1. Be a Mentor

So you may not become like Dr. Vivek Bindra, but you surely are having experiences that can be valuable to others. There is nothing more inspirational than a knowledgeable individual who has unique insights, and interesting opinions. Apart from these qualities, you must also have the ability to spark a discussion, and listen to others without being judgmental.

To be a good motivational speaker, one also needs to learn how to be a mentor by providing informed insight into the way you see the world. Imparting your knowledge with grace is the first step towards being an inspirational speaker.

2. Be a Helper

Everyone needs a leg up at some point in their career. Help someone even if it only means sharing some pointers on the organization you are working for, or work experience, or passing on a resume to the right person.

Whether you believe in karma or not, the givers do receive good things in unexpected ways. In addition to this, it can also help you to build networking. In the words of Steve Jobs during his famous speech at Stanford University, “You can`t connect the dots going forward, you can only connect them going backward.”

3. Set an Example

In the words of Mahatma Gandhi, “Be the change you wish to see in the world.” So, from turning up on time to being well-prepared for a conference or a meeting to ensuring that your teammates are not working all hours whatever your expectations of your team are, exemplify them yourself.

The best way to lose respect is to expect standards from others, but not meet them yourself. Your team will take notice. Walk the talk, and not just talk the talk.

4. Be Imaginative & Empathetic

Human beings are a bag of mysterious emotions. We all can feel lost and purposeless at times, and we all have complicated lives. Always remember this while addressing other people as it can help you to access the empathy inside of you to inspire those around you.

JK Rowling once said in her speech, “Imagination is the power that enables us to empathize with humans whose experience we have never shared.” Humans are blessed with the power of imagination and this can aid us to imagine what others are going through and feeling. Those who embody this power are the few that truly inspire others.

So be imaginative, place yourself in others` shoes, and have confidence in your own experience. This will transform you into a powerful and motivational leader. Soon, you will watch yourself inspiring everyone around to reach their full potential and flourish.

With Bada Business you can find answers to all your queries with online business programs specially designed for Solopreneurs & Entrepreneurs. Our Business Coaching Program will help you with many aspects of your business with the minimum investment of time and money, leaving you free to focus on the larger picture.

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Business motivation

7 Ways To Build Authentic Business Relationships For Success!

7 Ways To Build Authentic Business Relationships For Success
7 Ways To Build Authentic Business Relationships For Success

You can`t operate a startup business without maintaining strong professional relationships with investors, clients, vendors, and potential customers. A company grows only by establishing meaningful connections with others.

Building strong business relationships starts with acknowledging and recognizing the importance of viewing everyone as a unique person with their desires, motives, and interests. Once, you have understood that the person in front of you is not only a medium to grow your business, but a human being too, you build relationships at a deeper level.

Here are 7 techniques that will help you to establish long-lasting business relationships that will drive sales and growth for your startup business:

1. Offer a Valuable Product & Service

Personal or professional, every relationship starts with an introduction, and sometimes for a business purpose. However, this is the hardest step. A client will approach you because of your extraordinary service or a valuable product that you have created to help them. So, it all depends on how you utilize your strengths.

2. Discover Ways to Provide Additional Value

If you have a startup business, you can begin with finding common ground and identify how you can add value with your time, connections, resources, or expertise to your clients or investors. This can give your relationship a personal touch.

3. Make Your Customer Service Excellent

Ask the best business corporate trainer in India and about the best strategy for growth and relationship building at zero cost and they will reply promptly- customer service. Customer service is that one aspect that can build the foundation of strong business relationships. Work on perfecting every interaction with your customers. Try to maintain transparency. Advertising is no longer as powerful as it was once perceived. A referral army who has used your products can do wonders for your startup business.

4. Make Mutual Success Your Mantra

When you think about others’ success and not just your own, the relationship grows. Nobody wants to work with someone who only has their agenda on their mind. Strong relationships happen when we focus on mutual success and trust.

5. Focus on Relational Value more than Transactional Value

Avoid approaching your business relationship in a transactional nature. Cultivate your network and relationships each day. Meet them and greet them on special occasions. Talk to them to understand their needs, requirements, values, and what drives them. Always remember that it isn`t about you, but about them. They will always remember how you made them feel.

6. Treat Them like Friends & Family

People like to do business with people they like. Treat them like you would treat your family and friends. Take a genuine interest, be vulnerable, be yourself, and show personal interest in addition to the business value that you already offer.

7. Stay True to Your Business Values

Clear and consistent business values can help stakeholders, clients, customers, and even investors to stay in a harmonious alignment with you. Stay prepared for hiring, firing, and losing money for your values as it sends out a strong message about the brand promise and ensures a shared vision.

The shared vision and aligned values make the strong foundation of any startup business relationship with your employees, clients, customers, investors, and other peers.

Unfortunately, entrepreneurs who are creative and great at inventing things often don`t invest much time in building strong and long-lasting business relationships. Though it does take effort and focus, the talent to effectively build relationships can be learned, just like any other skill.

Use the above-mentioned 7 tips to create a strong business relationship with your potential clients, investors, customers, and other stakeholders.

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.

Get your business back on track. Grow through self-learning and see your website traffic increasing with marketing collateral designed especially for you. To know more, visit: www.badabusiness.com

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Business motivation Strategy

5 Must-Know Tips For Entrepreneurs To Win a Tender

5 Must-know Tips For Entrepreneurs To Win a Tender
5 Must-know Tips For Entrepreneurs To Win a Tender

Whether you are running a small business or a large organization, getting a government tender is not an easy task. The secret to landing big contracts is not deeper pockets or more manpower; it is about getting your prospects to trust you.

The tendering is of two types- Open Tendering & Selective or Negotiation Tendering. The tendering process is quite complicated and needs to be submitted within a specific time frame.

If you are a newbie and want to win a business tender, you can watch 10 amazing tips on how to win a tender:

Here are 5 expert tips from Dr. Vivek Bindra- the best motivational speaker in India that will ensure that your business wins the next tender:

1. Get Tender Information As Early As Possible

If you want to acquire a government tender, it is vital to acquire all the relevant information in detail before your competitors. Getting the information as early as possible will give you sufficient time for preparation.

Before filing for any tender, it is also essential to do a NICE analysis. A NICE analysis stands for Need, Interest, Concern & Expectation. Recognize its competitive diagnosis, identify your strengths and then decide whether you want to fill this tender or not.

2. Check & Recheck all the Information

After filling up all the details, it is very essential to check, re-check, double-check and cross-check to ensure that no column or box is left. When filing a tender, it is critical to check that you have not incorporated a presentation unnecessary. Always make double sure that you mention only what is required to win the tender.

  • Ensure that each & every column is addressed properly.
  • Provide a document related to the recent project to demonstrate your capabilities.
  • Explain your USP.
  • Factors like compliance, language, clear writing, proposal filling, and proposal copy should also be taken care of.

3. Client Focused Compelling Story

No matter how many languages, compliance, and technical details you mention in your tender. One fact that is undeniable is that it is meant for humans and will be read by human beings. Hence, make a presentation that includes a compelling story that will touch their hearts.

4. The relationship can Amplify Your Possibility of Success

Relationships and good networking skills are useful in today`s business world. A good relationship with your peers helps you to cultivate trust, which increases your credibility in the market. Later, you can also get help from your peers to acquire information about a particular company or a person to get assistance in winning a business tender.

5. Secure Your Gross Margin

When filing a tender, many businessmen file tender low price bidding to win the contract. However, under-cutting might help you to win a contract, but when it will come to delivery; you will have to face pretty tough challenges.

“Expansion without Gross Margin is committing Suicide”, says Dr. Vivek Bindra- the best business motivational coach in India. Hence, secure your gross margin without overpricing it.

But if you have to bid your quotation at a higher price, always explain the rationale reason so that people do not reject your bidding straight away.

To get a better understanding of the requirements of the tender, always read the terms and conditions very carefully. It will help you to make a well-informed decision for your business growth.

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

Grow through self-learning and see your website traffic increasing with marketing collateral designed especially for you. For more details, visit: www.badabusiness.com

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Motivational

7 Essential Traits For All Successful Entrepreneurs

7 Essential Traits For All Successful Entrepreneurs
7 Essential Traits For All Successful Entrepreneurs

Vision, focus, and determination- these three qualities can take entrepreneurs anywhere they want to go. They also have good leadership skills and can be a great motivational coach to peers around them.

Whether it is the most respected industrialist like RatanTata or a great businessman like Dhirubhai Ambani, every successful entrepreneur has a few critical attributes that can help thousands of business leaders, as well as the young entrepreneurs of India, succeed.

Here is a list of 7 essential traits that every entrepreneur must have to be successful:

1. Problem Solving

One of the most essential qualities that every entrepreneur who is planning to start a startup business must have is the ability to solve problems. “Having a mindset that is capable to think critically about various issues at hand is an amazing trait”, says Dr. Vivek Bindra- one of the most popular business motivational speakers in India.

The most successful entrepreneurs always go above and beyond to find solutions and get their job done while keeping calm under pressure.

2. Impeccable Communication

As an entrepreneur, you are required to meet new people for networking purposes and other requirements. You will accomplish little to nothing if you lack good communication skills. It is necessary to express oneself clearly and concisely, which can often make the difference between an ordinary and extraordinarily professional.  If you are an introvert, you can also take professional help from a business coach to excel in this as well as other departments.

3. Determination to become Successful

Failure is the stepping stone to success. And only those who have tasted the failure with a pinch of salt can appreciate—determination. Running a business does not necessarily mean that everything will be all rosy. There will be setbacks, challenges, and hurdles too. But a successful entrepreneur does not let anything stop them from achieving their goals.

It does not matter how many times an entrepreneur fails, his determination to succeed overpowers each failure and makes it appear like a minor setback.

4. Hunger to Keep Learning

The world of business is always evolving. Sometimes it’s a new tool, other times it’s a new technology that can help a business to grow. A successful entrepreneur keeps himself updated with the latest trends and networks with like-minded people to form professional relationships.

To be successful in your niche, take some time each week to reflect on what new they have learned about the business industry. Also, decide if there is any way that you can implement this new piece of knowledge into your business for growth. With continuous learning, you can get closer to your organizational goals.

5. Powerful Leadership Skills

While leadership attributes are important for everyone, they become necessary for entrepreneurs who are running their businesses. If an entrepreneur lacks leadership skills, his or her team will not be able to perform to the best of their capabilities.

6. Passion & Ambition

Passion and ambition are what drives an entrepreneur to do what they do every day. Starting a startup involves a lot of risks and is not for the faint-hearted. This is why entrepreneurs need to be passionate about what they are doing.

7. Ability to Look at a Larger Picture

To launch a new product or service, extensive research is required. Sometimes in this process, disregarding assumptions about what currently exists in the market is necessary. To meet the expectations and demands of consumers, it is necessary to shake off the traditional pattern and embrace innovative products, even if it means unlearning current beliefs.

Life doesn`t always go according to the plan, but there are plenty of ways to achieve desired results with consistency, persistence, and perseverance. If you want to be a successful entrepreneur you need to cultivate these traits within you.

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 for Entrepreneurs that comes with Foundation courses, specialized courses, and value-added courses.

Grow through self-learning and see your website traffic increasing with marketing collateral designed especially for you. Learn more here www.badabusiness.com

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Business motivation

4 Steps To Scale From A Hungry Solopreneur To A Successful Enterprise

4 Steps To Scale From A Hungry Solopreneur To A Successful Enterprise
4 Steps To Scale From A Hungry Solopreneur To A Successful Enterprise

Many entrepreneurs often start as solopreneurs. They conceive a money making business idea, work upon it and start a small startup all by themselves. They generally do not have any partners or staff to assist them with their business`s management and operations.

Where starting a new venture all on your own is an excellent thing, handling multiple operations alone can be tricky as well. Eventually, it will begin to take a toll depending on the circumstances. As solopreneurs don`t have any partners, they do not have to consult with a partner before making decisions and owning their entire company.

But solopreneurs can`t sustain themselves in the long run, if they wish to grow. Eventually, there comes a point when you want to scale your business, and it becomes impossible to do so unless you hire more help.

Being a solopreneur how can you ensure that you achieve your business goals? Here are the top 5 key pillars that can turn your startup business into an unstoppable enterprise:

1. Build a Unique Product or Service

Solopreneurs try to don multiple hats at one time. Aside from handling their business, they must focus on creating a unique product or a service that will resolve the problems of consumers. Building a product that a customer would want to purchase is quite essential for a business`s growth. But as solopreneurs have so many other things to focus on, it becomes quite difficult for them.

These distractions make it difficult for solopreneurs to conduct the proper research needed to learn what their potential customers are demanding. If you are selling products, it is okay to hire manufacturers who can create products on a contractual basis. And if it is a service that you are offering, try to give your best shot and make your customers extremely happy.

2. Hiring & Outsourcing

One of the reasons due to which Solopreneurs prefer to do everything on their own is because of their tight budget. They don`t want to hire staff simply because they can`t afford them. If you too feel the same more or less then you will end up stressing yourself with too many responsibilities. Instead of becoming your marketer, accountant, tax advisor, and customer service outsource it.

There is nothing wrong with working 12 hours a day, but once your business starts making money, you should hire additional workers to help you. You could start with hiring freelancers, part-time employees, or full-time employees. You can start with one freelancer and gradually hire more people as your small startup business begins to grow.

3. Invest in a CRM System

A customer is the backbone of any business. And being a solopreneur it becomes more essential to stay equipped with a good CRM system so that you can tackle all your customer queries and orders. Building a strong relationship with your customers is how you get repeat business. But if you decide to manage everything on your own, it will become nearly impossible to answer all their questions and orders.

As a solopreneur, you will need all the assistance that you can get in that department. That is why a customer relationship system is an invaluable asset to bring into your company.

4. Try Fast & Easy Marketing Techniques

To save time as a solopreneur, automated marketing is the best way. Though many experts will ask you to post classified ads and blog messages, these methods are time-consuming and require effective strategies.

You will have trouble devoting each day to marketing because you will have multiple tasks to do as a solopreneur. Hence, it is best to invest in fast and easy marketing techniques so that you can build a strong online presence for your business.

Being a solopreneur is not an easy task. Starting a small startup business from the scratch and running it requires hard work, dedication, and passion. Hence, apply the above-mentioned strategies to turn your startup into a successful enterprise.

When handling a business all along, you get to reduce expenses; you get to make sure you’re focused only on your core business, and not management issues that crop up with teams; and of course, your vision is yours to implement without depending on others.

But there are disadvantages too – without a team to delegate tasks to, how can you make sure you’ve got everything covered? With our Business Coaching Program, you can accomplish all that you want. To know more about it, visit: www.badabusiness.com

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Business motivation

Never Buy A Franchise Before Asking These 5 Crucial Questions

Never Buy A Franchise Before Asking These 5 Crucial Questions
Never Buy A Franchise Before Asking These 5 Crucial Questions

Many people want to start their own business, but either doesn`t have a startup business idea or lack the entrepreneurial vision. A franchise business in India is one of the most feasible options for those who don`t want to start a business from the scratch.

Purchasing and operating a franchise is easy and is similar to coloring inside of the lines. Brands that are well established and have a strong presence already have a niche market. So, if you don`t have a problem selling burgers that are made by someone else, a franchise business may be just the ticket for you.

But the universe of a franchise is broad and diverse. It has arguably more than thousands of options, which is both good and bad news. So many choices often result in confusion and lots of intimidation.

Though franchise business in India offers a new yet practiced way of doing business, there are multiple things you should clear before choosing any franchise business.

Every year, a lot of entrepreneurs enter into a franchise business for the first time. But very few achieve success. So how will you decide which franchise is good for you?

Here are 5 questions that you must ask before investing your money in a franchise:

1. How much do I invest before entertaining customers

You may find the initial charges and investment-related information on the company website or franchise brochure, but you might incur various other costs afterward. Hence, you should ask about the initial investment in details apart from the basic information. Ask them about real estate, equipment, leases, etc.

Always ensure that you discuss these terms in detail with the franchisor so that you have a clear picture of your investment and your financial requirements to get up and running.

2. What changes did they make to support their franchises through COVID-19?

Two years ago, asking this question wouldn`t have come even in the existence. But now we are living in a changing world. Thus, you need to ask them how they supported their franchises throughout COVID-19. Knowing how things went in the worst of times will give you clear insights into how things might go in the best of times or amidst any other crisis.

Many good franchisors went out of their way to support their franchisees. Some even waived off their fees and helped them obtain paycheck-protection-program funding along with making them updated with new technology.

3. What sets your brand apart from its competition?

Competition is a part of any business. However, it is important to understand what makes one brand different from the rest. For instance, if you are thinking about buying a fitness franchise, you will want to understand what sets this brand apart from the crowd and what concept do they have as a brand. As it is your money that you want to invest, think twice before you invest. Make it a point that you understand the business model and value proposition of franchise businesses in India.

4. What is your failure rate? How many franchises have closed and why?

Even the most popular franchise brands have their franchisees closed due to one reason or another. In some cases, it’s the franchisee`s fault as they did not have the required skill set or could not adhere to the system. But in many cases, it’s the franchisor`s fault. It could be insufficient training or an inefficient business model.

As no one wants to invest in a bad business model this is why it is important to examine a brand`s failures no matter who was at fault.

5. Are there any Financial Incentives or Deals?

Franchisees often hesitate to talk about monetary incentives or deals. Many franchisors offer discounts on the franchise fee. They also offer to waive off the royalty fee for a few months to help the business take off.  So before you decide to invest in a franchise business in India, ask your franchisor whether they assist you in lease negotiations, site selection, etc.? What support staff will be accessible to you and in what other ways they will assist you beyond providing initial training?

Franchise business in India often comes with less risk than starting a business from scratch and offers a path that can lead to success and profitability. However, it is important to ask the above-mentioned questions and many other things to ensure that you are putting your money in the right direction.

Are you looking to find solutions for your burning problems? Get practical solutions easily with our step-by-step learning strategies, action plan, frameworks 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 with our Business Coaching Program. Click here to know how this exclusive course will benefit you: www.badabusiness.com

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Business motivation

5 Classic Books Warren Buffett Recommends For Every Entrepreneur!

5 Classic Books Warren Buffett Recommends For Every Entrepreneur
5 Classic Books Warren Buffett Recommends For Every Entrepreneur

Warren Buffett didn’t become a billionaire by just a sheer fluke. But by making smart and informed investment decisions to play a long game and by acquiring a vast amount of knowledge Warren Buffett has become what he is in the present day.

Today, not many people want to spend their time reading due to many reasons. But Buffett reportedly spends around six hours a day reading books. Though it may be a daunting task for many people due to their hectic lifestyle, if you are highly inspired by The Oracle of Omaha, you must read around “500 pages” every day.

Warren Buffett spends 80% of his time reading. He has read a lot of books over the years and has made book recommendations along the way. However, just like everyone he too has some of his favorites of all time and would love everyone to read, especially entrepreneurs who are starting a small startup business.

Here is a list of five books that every aspiring entrepreneur, solopreneur, and wantrepreneur must read:

1. The Intelligent Investor- By Benjamin Graham

At the age of 19, Warren Buffett first read this book in 1950. He points out that it is by far the best book about investment that includes a proper intellectual framework for decision making. He has also added a preface to the book`s fourth edition.

The Intelligent Investor, written by Benjamin Graham teaches its readers some of the most invaluable investment strategies regarding value investing in the stock market.

So what is his favorite way to accumulate knowledge? Reading. Watch the amazing journey of Warren Buffett here:

2. Business Adventures: Twelve Classic Tales From the World of Wall Street- By John Brooks

First published in 1969, this book is an interesting compilation of Brook`s New Yorker stories. It takes its readers on a journey where it recounts events such as Ford`s introduction of the Edsel, and the rapid rise of Xerox in the days before Steve Jobs disrupted the market with his revolutionary ideas.

When Bill Gates asked Warren Buffett about his favorite book 19 years ago, Buffett gifted Gates with his copy of the same book. Though the business world has changed a lot, Gates says, “Brooks’s deeper insights about business are just as relevant today as they were back then.”

3. Security Analysis- By Benjamin Graham & David L. Dodd

While studying at Columbia University, Buffett read Security Analysis with both its authors. “Together, the book and the men changed my life”, he wrote. Since then he has been following their investment strategy, and it continues to serve him well to date.

4. One Thousand Ways to Make $1,000– By F.C. Minaker

If you can get past the dated language, Buffett credits One Thousand Ways to Make $1000 to kick-start his career. The book was written in 1936, and Buffett found this book in the school library at the age of 7 years. The lessons embedded in this book have stood the test of time and remain as valuable as they were back in 1936.

5. The Most Important Thing- By Howard Marks`s

Warren Buffett has always been an advocate for taking risks. But he firmly believes that there should be a methodology behind it. To help develop that methodology, he recommends “The Most Important Thing”, by Howard Marks. Marks, co-founder, and chairman of Oaktree Capital Management is a renowned investor known for his insightful assessment of market opportunity and risk.

If you want to understand the dynamics of investment and business, these books are recommended by Warren Buffett and every entrepreneur must read them.

We know what you are thinking! 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 are offering Business Coaching Program for Entrepreneurs.

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Business motivation

5 Key Things Entrepreneurs Must Consider Before Choosing Business Coach

5 Key Things Entrepreneurs Must Consider Before Choosing Business Coach
5 Key Things Entrepreneurs Must Consider Before Choosing Business Coach

With the onset of the pandemic in 2020, the dynamics of the business world shifted drastically. It is no more a secret that the virus and the nationwide lockdown have left a negative impact on every business. However, it is the small businesses that are worst affected and doing less despite their efforts.

While many entrepreneurs have experienced huge losses and are still struggling to gain momentum in their business, many have taken help from the best business coach in India.

The term business coach has gained a lot of popularity in recent years and it also denotes a mentorship relationship for both the individual leaders and their organizations.

But how to find the right business coach that can take your startup business to greater heights? Finding the right business motivational coach requires a strategy that will ensure that you get nothing but the best.

If you are looking for an expert to help you overcome all the hurdles in your business, here are 5 things that you must look for in a business coach:

1. Equipped with Industry Knowledge

When looking for the best motivational speaker in India for your business, always ensure that the prospective individual has a solid understanding of your industry and market. It may sound simple, but even small details matter when you are planning to take help from a professional. Mundane skillsets like accounting, human resources, etc. have unique attributes that are industry-specific.

2. An Expert in Your Discipline

Though it may be unrealistic to expect that one person will have deep expertise in all areas. But, it is often required because every business has different requirements. So, depending upon the size and the maturity of your company, a more deeply focused advisor is what is required.

3. Culture & Value Alignment

It is very important for the business coach that you hire to build trust and a rapport in your organization otherwise his inputs can be met with resistance. Also, personality match is the key consideration as it can help you to bridge gaps in your current culture.

4. What Values He Brings

While a business motivational speaker may have multiple strengths, it is very essential to figure out that crucial trait that will help your organization and your business to grow. For instance, find out if they are capable to see the gap space between what is being done currently and what should be done to make some progress.

5. Proven Record

Whether qualitative or quantitative, an ideal business coach will talk in terms of concrete results from his past experiences. This will not only give you confidence in his expertise but will also give you an idea of how much he can be beneficial for your small startup business.

Always ask for their past work and check that they have a proven track record of the work they have done. Also ask them about references that can provide additional context for how these results were achieved, and with what level of accuracy on implementation guidance.

A business coach can help you out because he has been there and has gained an experience-first hand. A business motivational coach is someone who has been in the industry for a very long time and has acquired good experience. Such an advisor can help you to take tough decisions and can advise you better in making a business plan for your startup.

Hiring the right coach can take your startup business in a completely new direction and on the path of growth. To understand the dynamics of business in-depth, you can take our business coaching program.

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Startup

5 Effective Steps To Start Your Dream Business In Small Towns!

5 Effective Steps To Start Your Dream Business In Small Towns
5 Effective Steps To Start Your Dream Business In Small Towns

Are you someone from a small city of India, who has big dreams and innovative business ideas designed for small towns? Though with determination and passion anything can be possible, it can be hard to figure out from where to start with a small-town business idea.

There are many types of entrepreneurs. Where some want to start their own small startup business in their hometown purely out of a passion for what they are doing, others want to resolve a problem that they have just figured out in the marketplace.

So whether you want to start a dance studio, wellness center, or simply a business consulting firm, starting a new venture can be immensely intimidating. For those who want to start anything new in the small Indian towns—how can you ensure that you do it right?

1. Create Your List

Anyone who is planning to start a startup identifying a gap in a small town is as simple as a Google search followed by taking a walk. To start your own small business in your town will require in-depth research. And if you can take a business coaching program customized according to your needs, the road will become quite smooth.

Check out the local businesses that could be your competitors and observe what they are offering to the customers and where they are lacking.

If you don`t stay in the town where you are planning to open a small startup business, spend a weekend there. There might be restaurants with a full-fledged menu, but not a small café that exudes cozy vibes, hardware, and a beauty shop, but what else would you be interested in having there?

How can you provide a solution to the locals through your product or service will give you a great idea to come out with a great startup business plan.

2. Find out the other side

Once you have made your list, that`s just the beginning. Creating a list on your own is just one perspective. This brings us to the next step- asking the customer what it wants! Take a walk, greet, meet, and talk with random people. Ask them about their burning problems. Do they have to go far to buy fresh vegetables or do they love quality organic food, but don`t have a café that serves it?

Don`t just ask a group of people; ask as many people as you can. You can carry this task by driving around the high-traffic areas and spending a couple of hours asking questions and recording their replies. You will be surprised to hear the same ideas repeat.

By talking to a lot of people, you will also begin to build connections and relationships that might come in handy and will speed up the process of launching your startup business in small cities.

3. Figure Out the Gap Best For Your Business

Whether you are an independent business consultant looking to open your consulting services or a baker who wants to run her bakery, you need to make a list of businesses that will make sense for you.

For instance, maybe you have everything that is required to open a bakery shop, but you don`t want to open it. In that case, it is completely okay to cross it off the list. The aim is to find the three objectives that fit the 3 criteria:

a). What does your town or city need?

b). What do you enjoy the most?

c). What would you like to do

All you need to do is align these 3 things and you are on your way.

4. Protect Your Downside

Now that you have asked a lot of questions, created a list, and know which business you would like to start, it is time to ask structural questions to evaluate and validate the idea. One must find out and address all the challenges before launching a business through various questions.

Can you start on a smaller scale? Can you take a small place on rent instead of taking over an entire spot yourself? Can you get customers to sign up ahead of time?

If you find out that there are more challenges than you are comfortable with taking on then either you need to find out a better solution or head back to your list to fill the gap. If you have figured yours, addressed it why it wouldn’t work and you are still ready to move forward that brings us to the next step.

5. Startup Business Plan

If you have decided to move forward with your business plan, you might need to come up with a full startup business plan. Thanks to all the work that you have done earlier, you can create a great business plan, quickly.

So iron out an interesting business plan and always remember that it is a dynamic document. It keeps evolving and improvising. Find the gaps, refine the gaps, figure out what is best for you, manage downside risk, plan & execute.

Find the gaps, refine the gaps and figure out what will be the best for you and your niche market. To understand the dynamics of the business market, you can also join business coaching program for entrepreneurs. Learn from the industry leaders to understand how you can start a startup and run it successfully.

To know more about this course, visit www.badabusiness.com