Tag: business motivational coach

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Startup

5 Emotional Challenges Entrepreneurs Must Overcome When Starting a Start-up!

5 Emotional Challenges Entrepreneurs Must Overcome When Starting a Start-up!
5 Emotional Challenges Entrepreneurs Must Overcome When Starting a Start-up!

For every entrepreneur who has pursued his or her dreams and attained success, many others don`t make it past doing a first draft of a business plan.

Wondering why? Only because of one factor that is absent in the successful entrepreneurs and present in the heart of those who couldn`t just get past it.

Fear of failure.

Fear is a human emotion that actually forces us to think rationally and not just jumps off the clip. But, when not handled carefully, it could mislead us. It can also trick us into believing that we are not capable of fulfilling our dreams, especially when we want to start afresh.

It does not matter how many times entrepreneurs tell themselves about their goals; the fear of failure arises, challenging them at every single step. Therefore, many people take help from a business coaches to understand the dynamics of the business world.

Review this list of seven things a young and aspiring entrepreneur might fear, and learn how it is possible to overcome them:

  1. Confused about the First Step

After an entrepreneur sets his or her ideas in motion, the next step is to implement them. This is where most of the entrepreneurs feel clueless. This sense of confusion instills the fear of the unknown and many ambitious minds back off.

However, stepping back is not the solution. Start by finding someone who has achieved the goal which you have set for yourself. Read about that person and you will know that if she or he has achieved success, so can you.

You can also take help from a business motivational coach who will give you wings, yet keep you grounded with rationality. Just take the first step forward and do what makes sense. The path will reveal itself as you continue to walk.

  1. Not being an Expert

Probably, you know sufficient about your product and services that you are planning to introduce into the market, and to answer the lion`s share of questions. Your knowledge is enough to resolve the challenges that may arise.

So, don`t worry if you feel that you are not a complete expert in the field yet. Slowly and steadily you can find answers. Keeping yourself updated with the latest trends in the market will also help. You can take online business courses for entrepreneurs for continuous growth.

  1. Being Considered Impulsive & Crazy

There are seven billion people in this world. And guess what? Not even 10 people out of 7 billion will think alike. Hence, it is okay if some people will think you are crazy to quit your high-paying comfortable job to start a new business.

While starting your own business might give you a label of a crazy soul, the safest and rational thing to do would be to spend your entire life working for someone else.

If you will ask the best motivational coach in India even he or she would tell you that it`s the crazy ones who have the ability to make a difference in the world.

So, step out of your limbs, believe in your talents, and start ahead! Sooner or later others will get convinced too!

  1. Not able to raise Funding

Being an entrepreneur would have been like a cakewalk if only every person with an idea can slide into a conference room to attract an angel investor or waltz into a bank to receive a loan. Since the reality is different, entrepreneurs must start their business even without investors.

Even if you do not have the capital at first, you will soon figure out a slow and steady process of building the business. Sometimes better decisions are made when we are forced to take our own sweet time with things.

  1. Failed to Attract Customers

Taking risks is scary and anticipating if your skills will be valued in the market is even more terrifying. But unless you begin your startup with a set of audience who are ready to put their money on you, not many people will immediately knock your door down.

If you approach your business positively with joy and consistently deliver exactly what you have promised, you will certainly experience an increase in the number of customers. You can also take help from a business motivational coach and come out with effective marketing strategies.

You can also take online business courses to increase your level of expertise. But do not forget to be kind to yourself because you have made it quite far and you will achieve more.

The above-mentioned challenges are the most common that every entrepreneur is afraid of. However, hard work has no substitute. When problems arise in business, as an entrepreneur you should have confidence in yourself to complete the game.

Do not be afraid when you knock the pins down.  Set the pins back up and play again!

You can take our ‘Entrepreneurship course’ that is tailor-made to help entrepreneurs navigate through the challenges of business.

Categories
Business Startup Ideas Startup

5 Reasons Why Franchise Business In India Is A Golden Opportunity For Entrepreneurs & Solopreneurs!

5 Reasons Why Franchise Business In India Is A Golden Opportunity For Entrepreneurs & Solopreneurs!
5 Reasons Why Franchise Business In India Is A Golden Opportunity For Entrepreneurs & Solopreneurs!

2020 was a tough year. And so is 2021. Many businesses are forced to shut. Businesses that survived the wrath of 2020, couldn`t bear the disasters of 2021 and disappeared into the darkness of uncertainty and financial crisis.

Many companies had to take the difficult decision to lay off their employees while carrying the health concern for both their customers and families. What had the potential to be a great year quickly became another year of waiting for the worst to be over in India.

It’s no secret that the events have inflicted damage on the global economy. Many people are looking for new ventures to start on their own and a franchise business in India could be a golden opportunity for them.

According to a report published in Franchise India, “franchising in India has clocked the annual growth rate of 30% with market size of USD 7.2 billion. This makes India, the second-fastest-growing industry.”

If you are looking to start your own business, there are many franchise ideas for small towns and cities that are thriving even during an economic or pandemic crisis. Watch, Million Dollar Franchise Business During Covid 19, here:

Here are five reasons why you should consider franchising in 2021 and more years to come:

  1. Successful Franchise Business Creates Employment

Where many businesses had to shut down or reduce their workforce, many businesses like Bada Business continued to grow and were able to prosper, remain profitable, and even hired more workers. Many franchises of Bada Business had a stable and successful business system. With its premium quality content, services, and products, many franchises across the country witnessed a surge in their customers and continue to attract customers, even today.

  1. Franchise Business Provide Support & Structure

When you come up with a small business startup plan, you are on your own. From capital investment to sales & marketing, business strategies to business structure, you will have to figure out everything. On the other hand, when you take a franchise of an already established business, you are provided with a systematic approach, structure, and support system that is already successful. Franchise business in India is far less risky than a do-it-yourself endeavor.

  1. During a crisis, Franchisees are not Left Alone

As we said earlier, being a franchise partner of an already established and popular brand provides you with a solid team. They share effective business techniques and best practices to enable their franchise partner to tackle unexpected circumstances, which is way better than independent business owners who learn after spending years in the same business.

  1. Provides more opportunities to minimize Expenses

Purchasing inventory from a larger network helps the franchise partners to keep their expenses down. During a crisis of any kind, this also helps them to stay competitive. Franchise business partners also have an added advantage to stay upgraded and updated with the latest technology as the franchise brand provides them with new technology and software to help them stay ahead in the market.

  1. Provides name recognition

Taking a franchise of a well-established and popular brand comes with its perks. The topmost benefit is that even during the hard times a brand name has the upper hand and attracts customers automatically. As the customers already relate to a particular brand, their loyalty will bring them to your shop because of the brand value.

Any popular brand is known for its consistency, and quality, which results in a customer`s loyalty and confidence in the product or service. This simply means that you do not have to invest money in marketing and advertising, as customers already connect with the brand.

Owing to a business, be it a franchise business in India, or an independent business, demands a determined entrepreneurial spirit. Depending on the industry, each franchise business has different requirements. But in general, to run a successful business you need great leadership skills, strong organizational and communication skills, plus a willingness to understand a whole new world of business.

Many times, people who lack awareness regarding their career, also take help from a business motivational coach to understand the dynamics of business.

To know more about building a business from the scratch, you can take the ‘Entrepreneurship Course’.

Categories
Business motivation Motivational

5 Ways To Deal With A Difficult Boss!

5 Ways To Deal With A Difficult Boss!
5 Ways To Deal With A Difficult Boss!

You have finally found the job of your dreams, you are doing the work that you love, you like your co-workers, and everything is going great, until, your boss enters the scene, who is the ultimate micromanager with a fault-finding attitude, who despite your best efforts is not letting your works, in peace.

We have heard it time and again. People don’t leave a company- they leave a boss. According to a study published in Forbes, “50% of employees left their job just to get away from their manager to improve their personal as well as professional growth at some point in their career.

Yep, that`s right! Fifty percent!

But what if you are not ready to leave your or job yet? Should you continue to suffer in silence?

According to Dr. Vivek Bindra, who is one of the best motivational speakers in India, if you can connect with your boss on some level, it will become easier to convey your message and convince them. You can watch him sharing his insights here:


So don`t stress out! There are plenty of ways to manage a difficult boss and with a little patience and smartness, you can tread carefully:

  1. Assess the Situation

Is your boss guilty of bad workplace behavior in general, or does their attitude is negative only towards you? Be honest with yourself while analyzing the situation. Sometimes there is a disconnection with the bosses at various levels such as approach towards jobs at hand, a difference of opinion, ideation, conceptualization, and execution.

Brooding over a negative situation will only cause more anxiety and worry. Talk to your boss and have an open dialogue to address the situation. Ignoring it will only exacerbate the workplace situation. Sometimes a little motivation might also help. You can attend sessions by a business motivational coach as well to gain as new perspective.

  1. Practice Empathy

Sometimes we have to think from our boss`s perspective to truly understand the situation. Well, now if you are working in an organization of 500 employees, it becomes a little difficult to do that. However, contemplate what your manager or boss may be dealing with- either personally or professionally. The reason behind his difficult attitude could be the ongoing situation that could be the reason behind it.

Are they constantly stressed about tight deadlines? Do they have a difficult boss themselves? Try to have a friendly conversation with them and put yourself in their shoes. It will help you to understand their perspective. You will become more sympathetic about their behavior and circumstances.

  1. Vent out your frustrations

Dealing with a far-from-perfect boss daily can wear you down. While bottling up all your emotions can be harmful to your mental health, venting to your colleagues might backfire on you. Open up and share your feeling with a close friend or a family member, as sharing your issues can alleviate some of that stress. Not only will it help you to get things off your chest, but also you might gain a different perspective about the situation. Ask someone whose opinion you respect.

  1. Practice Self-Control

Self-control is the key that opens a lot of doors for new opportunities. It enables both leaders and direct reports to process your strong emotions productively. It helps to gain a neutral mindset as it is necessary to co-exist with your difficult boss because reacting weakens you.

By efficiently managing our feelings, we can achieve a calm and powerful presence. This helps us create successful outcomes. You can also learn how to keep yourself motivated by watching videos from the best motivational speaker in India– Dr. Vivek Bindra.

  1. Don`t Burn the Bridges

The world is round. You never know whom you might meet and need this person as a reference because many prospective employers of the organization ask specifically for the contact details of direct managers and supervisors.

If you will be unable to provide the contact details, it will give out a negative impression and you will be required to give an awkward explanation.

As difficult as it might be, always ensure that you leave your current organization by following the official process. Do not allow the dynamics to compromise with your professional reputation.

This should be your last resort. Sometimes, despite making efforts, the possibility of improving dynamics with your boss just doesn`t get better. Other times, it is just not worth staying in an organization, if you feel miserable. It will not only affect your mental health but also hamper your professional growth. Not to mention the stress it adds to your day-to-day work life.

Ultimately, only you know how to handle your situation, as you are the only one who knows it best. Listen to yourself before taking any decision. If you decide to move on, do not hesitate! Your ideal job is out there- the job that not only comes with lots of opportunities but also with fulfilling work and a supportive boss.

You can also listen to one of the best motivational speakers in India to explore ways to tackle the stressful situation at work.