Tag: Business Goals

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Startup

Launch A Successful Startup In These 7 Effective Steps

Launch A Successful Startup In These 7 Effective Steps
Launch A Successful Startup In These 7 Effective Steps

Everyone has ideas! While some of them are worth executing, others are probably not so good. And this difference defines the gap between successful startups and the startups that fall flat. But part of living and working in this world is to learn from your own mistakes and others.

You get the chance to see what differentiates successful companies from failed lot. And if you can observe closely, you can learn from others without making the same blunders yourself. Some entrepreneurs choose to consult a business coach, while others choose to learn from their mistakes.

But before we begin to discuss the factors that are crucial for the success of the startup, let’s discuss what it takes to start a successful startup:

a). A Great Idea- The paramount thing which is crucial to building a startup is having a great idea. Without a great idea, your startup will have a very difficult time growing. Along with that a thoughtful business plan and product are also necessary.

b). Passion- Passion can encourage you to conquer greater heights without feeling tired.  If you are not passionate about the business or the product, it will be very difficult to stick with it when the water is rough.

c). Persistence- Even established organizations face challenges. Hence, it is important to be persistent and never give up when it comes to your dreams.

So here are 7 tips on how to start a startup and succeed at it:

1. Build a Product that Resolves a Problem

Innovative, creative, exciting, and imaginative- your product can have all these factors and yet fail to attract customers if it does not resolve any problem that the customers are facing. The most crucial measure of success is the real need for the market that you are trying to serve. The best companies are the ones that meet the requirements of your customers.

2. Have a Business Plan in Place

Before starting a startup, you will need a solid business plan in place. A well-researched business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs to know where they are going but also helps them to focus on what is important. It also helps them to achieve short-term and long-term objectives.

Here are five key steps to writing a successful business plan:

a). Describe your target market.

b). Define your business goals.

c). Explain your product or service

d). Create specific marketing and sales strategies.

e). Note down your financial projections & detail the funding.

f). Summarize your overall strategy.

3. Find the Mentors You Need

Once you have established the foundation of your business, you will need professional guidance and expertise to help you navigate the entrepreneurial labyrinth. Don’t be afraid to ask people to help you. You can also work along with the business motivational coach to gain in-depth knowledge and information about your business.

4. Put the Right Team in Place

The vision for your ultimate goal may be yours, but you will need help from others too to get there. To attain your short-term and long-term goals for your business, you will need to surround yourself with the right people who will understand your vision and fit into the culture and mindset of your company.

5. Develop a Roadmap

If you want to go beyond a plan and want to turn your goals into reality, you will need a roadmap. Laying out the roadmap will help you to avoid any unnecessary diversions and distractions.

6. Establish Your Expertise

Writing and speaking about your particular area of expertise is a great way to get your name out there and establish your bona fides.

7. Build Relationships

The success of the business depends not just on what you do, but also on who you know. The key to developing relationships and growing your network is to keep it two-sided and give as much as you receive from others.

Apply these seven tips when you are planning to start a startup of your own. With persistence and determination, you can achieve your business goals. The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more, visit: www.badabusiness.com

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Motivational

How To Achieve & Set S.M.A.R.T Goals?

How To Achieve & Set S.M.A.R.T Goals
How To Achieve & Set S.M.A.R.T Goals

Goals are essential for professional as well as personal life. Without concrete plans, you are essentially shooting in the dark. You are putting in effort without having a goal and destination in mind. And with December looming just around the corner, the year 2022 is at its end. It is that time when business leaders must examine how productively they have spent their time to identify the situations where improvements can be made on both personal and professional fronts.

It is also the time to set new goals and define a blueprint for the forthcoming campaign of your life and implement a plan to accomplish a better version of yourself. S.M.A.R.T goals can help you to focus and re-evaluate goals as needed.

So what are S.M.A.R.T goals and how can you set them?

S.M.A.R.T = Specific, Measurable, Achievable, Relevant, and Time-bound.

These five aspects together create S.M.A.R.T goals.  A goal that has a specific purpose, can be measured, is realistic to achieve, relevant, and can be attained within a time frame is a SMART goal. Without all aspects, you might be goal-setting, but not effectively creating a plan for success.

You can also learn from Dr. Vivek Bindra- the best motivational speaker in India how to set goals and achieve them in this video: 

Let’s take a closer look at the five elements of S.M.A.R.T. goals:

  1.   SPECIFIC

A goal that is easy to understand can be attained. For instance, it could be a sales number or a product roll-out goal. No matter what the goal is, it should be clearly articulated so that everyone is on the same page with the objective. Define the outcome and the steps that need to be taken to accomplish the goal.

  1. MEASURABLE

Your goals need to have a quantifiable objective so that you can track progress. Define what will be the factors that will be used to measure the goal and set a method for tracking the progress.

  1.   ACHIEVABLE

Setting big goals is good. But they need to be realistic as well to maintain the momentum to try to achieve them. Also, you may want to break big goals into smaller, bite-sized chunks. If the goal is not doable, you will have to look for resources that will make your journey to achieve goals easier.

  1. RELEVANT

Goals should be relevant i.e. they should be aligned with the mission of the company. One way to find out if your goal is relevant is to figure out what are the benefits of these goals.

  1. TIME- BOUND

A goal without a deadline is just mundane work. Goals should have a deadline. And unless you set a final date, you can’t identify the success or failure of your goals.

As a business owner, evaluate these key facets of your life when creating goals this year:

1. Professional Life

Before setting goals, evaluate your professional life from various angles. How can you make the company better? What more can be done to upskill your employees or colleagues? Spend time reflecting on your past year’s achievements and lessons that you have learned during the course. See how you can improve in the year ahead.

You can also hire a business coach to look for new approaches to grow your business. Strive to implement new strategies that will allow you to overcome existing challenges.

2. Personal Life

When reviewing your personal goals, you may want to look at relationships with family, friends, clients, customers, colleagues, and employees. Find where you need to make adjustments to become the best version of yourself for them. Focus on the main components of your life, such as health, finances, and growth.

Benefits of S.M.A.R.T Goals

There are a lot of benefits to setting S.M.A.R.T goals. Some of them are given below:

i). It helps you to set an objective.

ii). It motivates you to succeed.

iii). It will force you to step out of your comfort zone.

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

Categories
Motivational

9 Career Advice From Ankur Warikoo We Wish We Knew Earlier!

9 Career Advice From Ankur Warikoo We Wish We Knew Earlier!
9 Career Advice From Ankur Warikoo We Wish We Knew Earlier!

Are you anxious about your career choices? Are you worried about how to take your professional career ahead? Worry not! Here are nine pieces of career advice from none other than Ankur Warikoo- a popular face who has his own YouTube channel. He is also the former CEO of Groupon and Nearbuy.

Here is a list of career advice from Ankur Warikoo who will help you navigate all the confusion that we all experience at some point in our lives:

1. You Get Paid for What You CAN Do!

When starting a career, we all have high expectations about the role and reimbursements. But at the initial stage, you only get paid for what you can do. You explore different industries and roles and based on your performance, you make your career. You have to showcase your abilities and then you get paid for those. Later, after you become experienced, you get paid for what you do.

2. You End Up Managing People

No matter in which industry or field you are, every promotion brings you a step closer to managing people.

3. Not Everyone Can Become Managers

Every individual is unique because of their exclusive skills and talents. But this does not mean that they could be good managers too. Managing your job and responsibilities is one thing and managing people who are coming from different backgrounds, beliefs and experiences is completely another ball game.

4. Grow Professionally By Helping Your Peers & Your Boss!

Most people on their first job can be seen working tirelessly even outside their job roles. This simple step not just helps them grow professionally, but also helps them to build networking. The more you make your boss’s job easier by taking on more and more responsibilities, the more you will grow- professionally because you get to learn new things and develop new skills.

5. Grow While Learning

When you start working, always ensure that you are enhancing your skills. A job that gives you experience should add to your knowledge bank as well. If you switch jobs and opt for the same job role, ensure that you are learning something new. If you have three years of experience, make sure that you hone your skills and make it 3 YEARS of experience. Not 1 year of experience done three times.

6. Gain In-depth Knowledge of Your Work

In the early days, it is very important to gain deep knowledge 0of your work, field, and industry. This will give you an edge over everyone else. Deep insights and knowledge will help you in the future. Once you have gained experience, you can go wide. You can explore the horizon of industries and can experiment with distinct roles and positions.

7. Action is Greater than Thoughts

Have a business idea? Then make a business plan along with goals and how will you achieve them. Create a timeline to achieve your goals. An idea remains a dream unless action is taken. No one ever gets rewarded for just having an idea. So work on your idea and never shy away from working hard towards your dreams. You can also take help from a business coach who will mentor you and guide you in the right direction.

8. Respect Your Commitment

Once you have committed, you must fulfill it by beating the odds. When you do what you have promised, you not only become more trustworthy, but it also increases your credibility. The reward for standing by your word and commitment is immense.

9. Be Consistent

“Slow and steady always wins the race.” You must have heard this adverb a lot of times courtesy of the story of a rabbit and a tortoise. The message here is that it does not matter how fast you are running. If you hustle, you grow fast in the short term. However, it is essential to be consistent in your efforts. If you pace yourself, you grow big in the long term.

Everyone has dreams when they start their career, with lots of expectations and high hopes. This career advice by Ankur Warikoo will help you to navigate in the right direction.

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

Categories
Motivational

These 10 Books Recommended By Elon Musk Will Open A Whole New World Of Knowledge!

10 Books Recommended By Elon Musk
10 Books Recommended By Elon Musk

“A book can be your best friend.” Sometimes it can be your peaceful escape, while other times it can take you to a world, where you have never been before. A book can give you a fresh new perspective, open your mind, and give wings to your imagination. It can throw light in the darkest corners of your mind by making you aware of various aspects of the world.

Many successful millionaires read books. In an interview, Bill Gates mentioned that he is very fond of reading and reads around fifty books per year. And Elon Musk who is the brilliant mind behind Tesla and SpaceX is no exception.

Whenever Musk is asked about how he learned to build rockets, he says, “by reading books.” Not only this genius reads them but also devours them. Musk has a personal library and offers some recommendations of his own.

Here are the top 10 books recommended by Elon Musk:

1. Life 3.0: Being Human in the age of Artificial Intelligence| By Max Tegmark

Will superhuman intelligence be our slave, or become our god? What will the future look like? Taking us to the heart of the latest thinking about AI, Max Tegmark, the MIT professor whose work has helped mainstream research on how to keep AI beneficial, separates myths from reality, and utopias from dystopias, to explore the next phase of our existence.

How automation can help us grow our prosperity, without leaving people lacking income or purpose? How can we ensure that future AI systems do what we want without crashing, malfunctioning, or getting hacked? Should we fear an arms race in lethal autonomous weapons? Will AI help life flourish as never before, or will machines eventually outsmart us at all tasks, and even, perhaps, replace us altogether?

2. Twelve Against the Gods| By William Bolitho

Encompassing the timeless values of perseverance, bravery, and strength of spirit; this book consists of essays that are nearly one hundred years old but still that have proven to resonate with the pioneers and thought leaders of today.

In this book, author William Bolitho details the lives of twelve great adventurers — Alexander the Great, Casanova, Mahomet, Christopher Columbus, Lola Montez, Charles XII of Sweden, Cagliostro (and Seraphina), Napoleon I, Lucius Sergius Catiline, Isadora Duncan, Napoleon III, and Woodrow Wilson. He also demonstrates the struggles and successes that made these iconic figures famous.

3. Screw Business As Usual | By Richard Branson

It’s a vibrant and definite sea change from the way business was always done, when financial profit was a driving force. Today, people aren’t afraid to say, Screw business as usual!-and show they mean it. Richard Branson is one of the world’s most famous and admired business leaders. He argues in his book that it is time to turn capitalism upside down-to shift our values from an exclusive focus on profit to also caring for people, communities, and the planet.

4. Waiting for Godot| By Samuel Beckett

‘Waiting for Godot’ is a valuable book that begins with a summary of the play and its origins and editions. It then explores the play’s meaning and the historical and intellectual contexts informing Beckett’s work. The book then examines Beckett’s dramatic art and gives full coverage of the play’s performance history. A bibliographical essay surveys the most important critical studies.

5. Howard Hughes | By Donald L. Barlett

Whether he was courting public attention in the roles of aviator, playboy, and entrepreneur, or shunning it as a recluse, Howard Hughes commanded headlines throughout his career. Yet the image of his life, his power, and his business empire that caught the public imagination was almost completely false. This book revolves around his life, revealing the multiple layers page by page, taking its readers closer to the reality of his life.

6. Super Intelligence | By Nick Bostrom

Human beings are blessed with some of the most amazing capabilities that the other species on this planet lack. It is these capabilities that put humans in a more dominant position. Where other animals have stronger muscles and sharper claws, humans possess the ability to think with their cleverer brains. Read the book and learn about genies, oracles, singletons, and a lot more intricate concepts.

7. Benjamin Franklin | By Walter Isaacson

Benjamin Franklin is the founding father who seems made of flesh rather than marble. In a sweeping narrative in this book that follows Franklin’s life from Boston to Philadelphia to London and Paris and back, Walter Isaacson chronicles the adventures of the runaway apprentice who became, over the course of his eighty-four-year life, America’s best writer, inventor, media baron, scientist, diplomat, and business strategist, as well as one of its most practical and ingenious political leaders.

8. The Machine Stops | By E.M Forster

The Machine Stops” is a science fiction short story (12,300 words) by E. M. Forster. After initial publication in The Oxford and Cambridge Review (November 1909), the story was republished in Forster’s The Eternal Moment and Other Stories in 1928. It was voted as one of the best novels in 1965.

9. Steve Jobs | By Walter Isaacson

Walter Isaacson tells the story of the rollercoaster life and intense personality of a creative entrepreneur whose passion for perfection and ferocious drive revolutionized six industries: personal computers, animated movies, music, phones, tablet computing, and digital publishing.

10. The Life of Greece | By Will Durant

A history of Greek civilization from the beginnings, and of civilization in the Near East from the Death of Alexander to the Roman Conquest of Greece!

Inspiration can be anywhere! And if you want to be a successful entrepreneur reading could be a great way to increase your knowledge and awareness. These 10 books recommended by Elon Musk should be on your reading list.

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

Categories
Motivational

11 Timeless Quotes By Sudha Murty Will Give You A New Perspective of Life!

11 Timeless Quotes By Sudha Murty Will Give You A New Perspective of Life!
11 Timeless Quotes By Sudha Murty Will Give You A New Perspective of Life!

Sudha Murthy, an affable-looking woman with short height and a friendly demeanor is the wife of the founder of the country’s topmost tech company- Infosys! But, that is not what she is known for! Sudha Murty is a philanthropist, award-winning author, and Padma Shri awardee for the amazing work she is doing for the benefit of society.

Sudha Murty is the Chairperson of the Infosys Foundation, a Karnataka-based non-profit that works towards empowering underprivileged and marginalized communities. The award-winning author empowers them through quality education, rural development, public hygiene, healthcare, art, and culture.

Having worked with people from different walks of life, Sudha Murty believes that her true calling is to serve others. She says she woke up to a new outlook over two decades ago when her daughter urged her to reflect on the purpose of her life.

Here are 11 quotes by the author who is famous for her book- “How I Taught My Grandmother to Read” which has been an inspiration for many across India and is also included in the academic syllabus:

  1.   The struggle is Life!
  2.   Trust is difficult to earn and easy to destroy.
  3.   Too much money in too little time is just like excess liquor
  4.   One should stick to what one can do best.
  5.   Money mostly divides.
  6.   A fire cannot be extinguished with another fire. It is the only water that can make a difference.
  7.   Life is an exam where the syllabus is unknown and question papers are not set. Nor are there model answer papers.
  8.   Nature is very intelligent. Whether you are good-looking or not, whether you are intelligent or not, whether you are rich or not, you only have 24 hours a day. Whatever your set of problems or difficulties or solutions, you have to accommodate all of them in 24 hours.
  9.   It doesn’t matter how intelligent you are, how well-off you are, or how well-connected you are. Your perseverance, your courage – if you keep that intact, only such people will always be successful.
  10.   Vision without action is merely a dream. Action without vision is merely passing time. But vision and action together can change the world.
  11.   Having good relationships, compassion, and peace of mind is much more important than achievements, awards, degrees, or money.

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

To know more about interesting quotes, visit www.badabusiness.com

Categories
Motivational

5 Powerful Quotes By Virat Kohli For A Stronger Comeback

5 Powerful Quotes By Virat Kohli For A Stronger Comeback
5 Powerful Quotes By Virat Kohli For A Stronger Comeback

One of the finest batters in the world made his debut for India some 14 years ago. With years passing by, Kohli went on to change the way sports was perceived in the country and became one of the greatest players the world has ever seen.

From bringing the revolution to breaking unthinkable records, Kohli’s contribution to the game was unparalleled. Born on 5th November 1988, this Delhi boy has come a long way. From being a regular next-door chubby boy to a gluten-free athlete, Virat has climbed up the ladder of success with his sheer hard work, passion, and determination to succeed.

Here are 5 powerful quotes by the world’s greatest batsman who never shied away from expressing his true self:

1. The bat is not a toy, it’s a weapon. It gives me everything in my life, which helps me to do everything in the field.

— The cricket bat isn’t just a toy or tool for Virat Kohli, it is a weapon that helps him express himself on the field.

2. I always like to lead from the front and set an example for whoever is playing with me or around me. I like taking responsibility. That is my natural thing.

No matter the circumstances, Virat Kohli always believes in leading the team from the front and putting himself in the line of fire.

3. Whatever you want to do, do it with full passion and work hard towards it. Don’t look anywhere else.

Virat Kohli believes in his capabilities, leaving it all on the field no matter who the opponent is. This quote represents his love, dedication, and passion for sports and perfectly represents his passion for the game and his hunger to perform well.

4. A lot of people tell me a lot of things about my conduct, my game, and my future… but I try to stay away from their words of wisdom. I don’t let it distract me. On the field, you will be facing the ball alone. If you fail, you will be the only one to blame. So, you should be the one deciding for yourself.

There will be as many opinions in the world, as there are people. So no matter what critics say or what the experts tell him, Virat Kohli doesn’t let the outside noise distract him.

5. I love playing under pressure. If there’s no pressure, then I’m not in the perfect zone.

Virat Kohli isn’t someone who gets bogged down by big challenges. He loves to perform under pressure and gives his best when there is pressure.

While Kohli remains one of India’s favorite cricketing sons, his charisma goes across the globe. The Indian cricket team skipper has fans all over the world. Virat Kohli has been out of form for some time as he was struggling with depression. But with his stellar performance in the recent Ind v/s Pak match in ICC World Cup 2022, he has amazed everyone!

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

Categories
Process & Business Expansion

5 Amazing Tips For Entrepreneurs To Be More Productive!

5 Amazing Tips For Entrepreneurs To Be More Productive!
5 Amazing Tips For Entrepreneurs To Be More Productive!

Productivity is crucial for the success of any business! And from entrepreneurs to wantrepreneurs, solopreneurs to business owners, productivity is of utmost importance.

There are multiple times when people are busier than productive. And, it is essential to understand the difference between the two. And, if you are not making constant efforts to improve your productivity, it’s only a matter of time before all your business goals and aims will come crashing down. A great business mentor too can help you increase your productivity.

You can complete all your major tasks in less time if you maximize your efforts and minimize distractions. Here are 5 brilliant tips that will improve your productivity rapidly, as a busy entrepreneur:

1. Be More Accountable

Public accountability is something that can truly motivate us. Make a to-do list and set short-term goals, even if it means finishing your pending tasks for the day/week. Share your tasks and goals with a coworker, friend, or with your team. Working with a business coach will also help you to improve. Knowing that you will have to report back and be answerable for not meeting these goals will keep you motivated to perform better to see them through.

2. Find Out When You Are More Productive

Do you struggle with focusing on prioritizing tasks? Do you often fail to manage your time? If you found yourself nodding your head while reading the above two questions, then Time Block could be the solution.

A time block is nothing but small parts of your scheduled time throughout your day. You can decide the tasks you would like to complete according to their priority. Focus on a single task and ignore everything else. Focusing on a single task at a given point in time helps you to concentrate and perform better. It also ensures that you tick off all the important tasks for the day.

3. Eliminate Distractions

Easier said than done, we know, but try to reduce unnecessary distractions throughout the day that we perform unconsciously. You can also write ‘Day in your life off, which is a wonderful way to take note of where you are spending your maximum time.

All you have to do is write about your assigned task and your daily routine which you follow. This will give you an idea of where your maximum amount of time is getting spent. For instance, you can reduce social media browsing, or spend too much time on your phone.

4. Focus On One Task

We know that in today’s busy world, most people will suggest you handle multiple tasks in one go. However, what most people forget to mention is that it reduces efficiency & productivity. When you are being pulled in hundred different directions daily, it is really hard to give your best and deliver quality results. Jobs are often left open and incomplete, or they are full of human errors due to simple oversight.

This is why staying focused on one task until its completion ensures that it has 100% concentration and is done to the fullest potential.

5. Take As Many Tasks As You Can Handle

When you segregate your daily tasks and schedules, it is time to prioritize them wholeheartedly. Allocate your time to the most worthwhile tasks, which will help you to achieve your goals. This also means saying ‘No’ to new projects, new assignments, new clients, and new responsibilities.

Saying NO to non-essential tasks will help you to finalize the list and helps you to stay adhered to your to-do list.

Staying busy and occupied all the time can stifle your mind and block your creative juices from flowing.  Take time to distress your mind regularly as it will impact your effectiveness. And your mind and business will thank you.

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

Categories
Business motivation

5 Top Investment Tips From Warren Buffett For Every Investor

5 Top Investment Tips From Warren Buffett For Every Investor
5 Top Investment Tips From Warren Buffett For Every Investor

Warren Buffett, even at the age of 92 years is famous for his smart investments along with his sense of humor in investing in the stock market. But even in his old age, his jokes continue to amuse people. Over the years, Buffett has invested in many profit-making behemoths, helping him and his clients generate record income.

Here are Warren Buffett’s top five investment tips for every investor:

1. Do not Put All Eggs in One Basket

When it comes to investment, Warren Buffett suggests that one should have a diverse portfolio. Never invest all your money in one scheme. Whether you are a beginner or a seasoned investor, diversification is one of the most vital strategies to invest in the industry because it mitigates the chance of losses. The idea behind this technique is to not put all your money in one place.

Diversification promotes spreading capital in different stocks across various industries. This squares the losses that you incur in one stock with the profits that you make in others. You can also watch this informative video on trading by Dr. Vivek Bindra- the best business coach in India.

2. Believe in Long Term Investing

If you are thinking about investing in stocks, think about owning them for 10 years. One should only invest in the stocks of a company if its products or services could be relevant in the next ten years. Buffett believes that going that extra mile before picking a stock would always pay off in the long term.

3. Create Multiple Income Sources

Warren Buffett suggests that if you want to create wealth, never depend on a single income. Always make investments to create a second or third source of income. Having multiple sources of income helps you to generate passive income and secure your finances for the future.

4. Seize the Opportunity

Warren Buffett says that opportunities come without notice.  So when it knocks at the door you should seize it and use it decisively. When stock prices are significantly low, investing heavily might be a good idea. Good prices may not come along again soon. He says, “When it rains gold, put out the bucket, not the thimble.”

Want to know how Warren Buffett became the king of trading? Watch his case study here-

5. Save Before Spending

If you spend more than what you earn, you will end up with a negative bank account. If you want to create wealth, you need to have a budget in place. Before spending, ask yourself, whether you need that expensive bag that you have been eyeing for months. Take out a fixed amount every month for the saving purpose and then whatever is left you can spend.

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

Categories
HR & People Management

9 Worst HR Policies Which Should Have Been Removed Long Back!

9 Worst HR Policies Which Should Have Been Removed Long Back!
9 Worst HR Policies Which Should Have Been Removed Long Back!

Contrary to the common notion, a human resource department is a crucial part of every organization. Many believe that the human resource department is a liability; however, the success of an organization depends on it. Hunting and recruiting the right candidates while keeping the current employees happy to maintain all the records is no easy task. And we surely respect them for carrying out all critical tasks so smoothly. However, there are some HR policies that not only do not make any sense but are also downright unethical.

Increase the productivity of your employees by learning how to build an effective team by clicking here.

Here are nine of them that we think should have been removed from the HR policies long back:

1. Three Month-Notice Period

If you are working with a multinational company, you must be aware of this policy. A notice period of more than 30 days is considered to be unethical by employees who are willing to leave the organization for some reason. When companies hire a new candidate, they expect him or her to join immediately. Hence, they should not make their employees serve a notice period of three months.

2. 45 Days for the Full & Final

When an employee decides to leave an organization, he or she does not receive a month’s salary, thanks to an F&F of 45 days. The period of 45 days is completely unjustified as the process can be taken care of in less than 45 days. The forty-five days might still be okay, but when that duration increases and becomes 60 days then it becomes a problem. On top of that, no response from HR despite continuous emails and calls makes the entire experience even worse. If there’s a system that needs to be followed by every employee, it’s HR’s responsibility to ensure that that system is being followed.

3. Fixed Time for Coffee & Loo Breaks

Now there is a reason why the act of going to the washroom is called “Nature’s call”. It simply means that humans have no control over it and should address the call wherever and whenever it is required. The HR policy to put a tab on coffee and loo breaks should be termed illegal. An employee is a full-grown adult and it is extremely annoying to be told how many times they are allowed to use the washroom.

4. Unfavorable Leave Policy

Where some companies allow their employees to take a few days off, with the managers being understanding and accommodating towards their teammates, some companies treat their employees like criminals when they ask for a leave. Well, if an employee is entitled to have annual casual and sick leaves, they should also be allowed to utilize them. The unfavorable leave policy should be removed for a healthy work culture and work-life balance.

5. Working Weekends

Weekend…..what weekend? There is a thing called work-life balance, but sadly many organizations do not understand the concept of giving their employees a day off to enjoy family time. It is not surprising that millennials are frustrated and are suffering from depression and burnout due to workload. Asking your employees to work on weekends or anytime which is not their official working hours, without even compensating them for the same, is unethical.

6. Terminating an Employee For Being Late

If you have not been living under a rock, you must remember the incident when a man got fired for being 20 minutes late for the first time in 7 years. Yes, this is the injustice we are talking about. If companies expect their employees to work for late hours just to show their dedication, they should also expect that a person can be 20 minutes late. RIGHT?

7. Offering Less Salary to Prospective Employees

If you have ever received a call from the recruiter, you must be aware of how HRs talks when it comes to disclosing salary information. It is more of a practice than a policy, but either way, it is not conducive to a person’s growth. When you have a talented prospect that perfectly fits the bill and surpasses all your criteria and asks for a salary that comes under your budget bracket, then it doesn’t make sense to offer a lower salary without disclosing the budget.

8. Firing Someone for Moonlighting

What an employee does outside their working hours should not be a concern for any organization (except if they are indulged in criminal activities). A couple of weeks ago, Wipro terminated more than 300 employees because of moonlight. Moonlighting is a term used for employees who have taken on additional projects through freelancing. Of course, employees should not trade company secrets or policies with direct competitors. But other than that a company should mind its own business.

9. Making Employees Pay for Breach of Employment Bond

First of all, it is completely illegal to make anyone sign a bond. On top of that making, your employees pay for breaking the employment bond is completely unethical. No employer can ask employees to pay for breaking the employment bond if they haven’t incurred any expenses in the special training of an employee.

These HR policies do more harm than good to employees who are investing their 9-10 hours in the growth of an organization. We believe these policies should be removed, what do you feel? Share your thoughts with us in the comment section.

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

Categories
Motivational

8 Powerful Yet Hard Truths That Will Change Your Life!

8 Powerful Yet Hard Truths That Will Change Your Life!
8 Powerful Yet Hard Truths That Will Change Your Life!

“Life is what you make of it”- we must have come across this adage millions of times, however, only a few of us must have understood the true meaning behind these golden words. Whether you are looking to achieve your professional goals or personal goals, understanding the mysticism of the universe and how it works can surely help you to become successful.

Many entrepreneurs want to turn their startup business into a large venture. But due to a lack of guidance and the inability to have the right mindset they seldom succeed in taking their business to the next level. While there are many business motivational speakers in India, very few small business owners and entrepreneurs think about consulting them. However, working with a business coach can yield fruitful results in the long term.

A good business mentor will not only guide you with their years of expertise that they have experienced first-hand but can also help you to navigate the uncertainties of the business world. Many people often give up easily as soon as the situations begin to go haywire. But only with consistency and determination, you can fulfill your dreams.

On World Mental Health Day, let us give you eight golden truths that might shake you, or might hit you differently, but will bring you closer to the reality of life.

1. Consistency = Success

If you type the word ‘Success’ on Google, you will come across thousands of articles talking about tips and tricks and smart hacks to become successful in your life. From making small changes in your routines to big changes in your lifestyle, you will come across various tips claiming to produce guaranteed results.

But truth to be told, success is 5% brains and 95% consistency! Often people try to achieve something but give up soon. Others do not even attempt to achieve because they think they are not equipped with the required skills or knowledge. However, it is the consistent efforts and determination of a person that helps him win the race. You can watch some of the most amazing videos by Dr. Vivek Bindra- the best motivational speaker on how to create and set your goals.

2. Energy Flows Where the Focus Goes

Your energy and focus can make anything possible. And hence, you must focus your attention and channel your energy in the right place. Finding multiple time management tips will not help unless you figure out what are the activities that are taking up most of your time.

Most often people waste a lot of their energy on overthinking and meaningless relationships which are not at all constructive. Another thing on which the majority of people waste their energy and time is social media platforms. Although social media platforms also have lots of benefits, very few take advantage of it. So, before you start trying to find out excellent time management tips to increase your productivity, try to stop your time and energy from leaking from these three cracks.

3. Lack of Self-Awareness is the Most Dangerous Flaw

To evolve and grow in life, it is very essential to be self-aware. When you know what your strengths and weaknesses are; only then you can try to be a better version of yourself. However, one of the most dangerous flaws is the lack of self-awareness. If someone can’t tell you what their flaws are, they can never outgrow them.

4. Invest Your Money Before Spending it

In today’s world, people try to impress the people they don’t like by purchasing the things that they don’t need by spending money they don’t even have. The irony of this situation is that many people die while paying their debts and installments.

Hence, it is very important to have your finances in place. If you spend more than you earn to buy the things that you don’t even need, you will end up struggling for money. Always invest your money in buying assets or investment plans that generate income.

5. Actions Speak Louder Than Words

People often boast about the kind of person they are or about their character. But actions speak louder than words. A person’s ability to resist material things speaks volumes about their character rather than their ability to obtain them. The things that you possess say a lot about the kind of person you are in real life.

Many entrepreneurs often use their profits in buying expensive cars and other luxurious things instead of investing in their business growth. This can stall the progress of their business and might result in limited business operations.

6. Know When to End Partnerships & Relationships

Sometimes the things that we tend to hold for a long time are the things that stop our growth- professionally and personally. Many times entrepreneurs carry the baggage of partnerships with investors and clients just because they have been friends for a long time.

However, know that it is not the duration of a relationship or a partnership that matters, but the quality of it. How much value is it bringing to the table? Is it helping you to keep your mental peace or you are struggling hard to keep it going? Analyze it closely and know when to forge new partnerships and when to end them.

7. People Pleasing Can Cost Your Self-Worth

Whether you are an entrepreneur or an employee working in the corporate world, networking can help you to grow and find new opportunities. However, people have built a culture of appeasing peers and seniors for professional gains and opportunities. But can we blame them entirely? Not really!

The culture of ego-massaging and people-pleasing has been encouraged from top to bottom. And people who have this skill ensure a comfortable professional journey in their organization. However, it may help you to achieve short-term goals. But in the long run, it will cost you your self-respect. You will never be able to respect yourself because you will become like a slave to external validation and people-pleasing just for a momentary gain.

8. You Are Where You Were Meant to Be

The world went digital for the convenience of human lives. Unfortunately, it has also caused a lot of mental health problems associated with too much consumption of information, negative feedback, criticism, and addiction to things that are filled with hatred and self-doubt.

Beautiful pictures on Instagram and Facebook make others believe that they are leading a life that is far from picture-perfect. This fills them with disappointment, self-criticism, envy, and dissatisfaction with their own lives.

But it is very important to know that you are exactly where you are meant to be. There will always be someone better, smarter, prettier, and more successful than you. But that does not diminish the struggles you have faced and the things you have achieved in your life. If you keep thinking that your happiness lies in a particular place, or you will attain happiness after achieving a particular milestone, you will never find happiness.

Stay happy and confident with whatever you have and wherever you are currently and keep aiming for more. The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more, visit: www.badabusiness.com