Tag: business training

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Leadership Building

5 Essential Skills Will Help You Become A Powerful Leader

5 Essential Skills Will Help You Become A Powerful Leader
5 Essential Skills Will Help You Become A Powerful Leader

Summary: A strong leader can help an organization to stay afloat in the best of times, and in the ones that try us the most.

As an entrepreneur, business leader, or owner, the importance of leadership skills can`t be underestimated. Now, we are living in a post-pandemic world and it will be foolish to assume that the blissful stability that once existed will return. This is why strong leadership is more important than ever!

However many people often wonder what it takes to be a great leader? What constitutes to make a great leader? What are those essential qualities that make for great leadership?

We have asked Dr. Vivek Bindra, the best motivational speaker in India, is it possible to become a great leader with practice? He replied, “Leadership is a skill, and like all skills, it takes practice to become truly great.”

Here are five qualities and mastering them will help you become a more effective leader:

1. Build Emotional Intelligence

Emotional intelligence plays a key role and has an impact on leaders, employees, and organizations as a whole. A leader who is open with his or her emotions in a workplace is much more likely to have a positive impact than a leader who is short-tempered and rigid. The work environment created by the leaders belonging to the latter category is more toxic. Infact, employees experience burnout and attrition is quite high.

To develop emotional intelligence, you need to start introspecting. Cultivating emotional intelligence starts with self-leadership and self-awareness. You can hire a business coach who has been a mentor to high performers. A great mentor can help you to get unstuck and aligned with your goals.

2. Lead With Empathy

Empathy is the ability to be able to understand and relate to the feelings of other people. And it is a very powerful tool for leaders. It can help to build deeper connections with their teams. If it is practiced all over the country it can increase overall success. When you open your heart more, you open up your ability to go against your ego. You open yourself up to new opportunities, new possibilities, and new relationships. A great leader communicates honestly and tries to understand their employees without any judgment.

3. Be a Good Listener

Listening and hearing have a hairline difference between them. While hearing is passive, listening is active. A great leader is someone who understands the difference between the two terms.

Active listening is essential for effective communication. It not only involves ears but many other aspects like body language, expressions, and gestures. What’s not said is just as important as what is said.

A great leader will take cues from all other aspects and help people in the organization who might lack the courage to speak up. We need leaders who listen and are intentional about their conversations. Join India’s most powerful business training event ‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra and master the leadership skills.

4. Transparent Communication

When it comes to communication there is no set formula. But, successful communication begins with transparency. But to keep lines open and clear across the business, we must be careful not just about putting our messages across, but also about the mediums, too.

While businesses around the globe are adapting to the change unleashed by the pandemic, great leaders are trying to find the right balance. Good leaders today have to make difficult decisions such as furloughs, and staff reductions.

5. Act Quickly & Confidently

Many leaders talk, but they do not execute what they say. And it is doing so that separates the real leaders from the rest. When your words match your actions, people learn to develop trust. It is more impactful when you take action on what you are hearing from your employees. Leaders who act quickly and confidently often must make difficult decisions, and for that it takes grit.

We are in uncertain times, where the dynamic of business is constantly changing. Leaders, who have clear objectives, are certain, and are committed to their passion and perseverance, are the ones who will continue to build trust in these uncertain times.

It is essential to have leadership qualities to lead a successful business. Learn how to become a powerful leader from the industry experts in our ‘Leadership Funnel Program 2.0’. To know more, click here: https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078

Categories
Marketing

7 Unique Ways To Boost Customer Retention Effectively

7 Effective Techniques To Get More Loyal Customers
7 Effective Techniques To Get More Loyal Customers

Summary: The ultimate goal of any business is to attract customers and retain them.

The foundation of growth and success for every business is staying relevant to their customers, and companies always try to focus on this. Attracting customers is critical for any business. However, their ultimate goal is to get those customers to return and become regular buyers.

Attracting a customer is one thing, but ensuring that they keep returning and stay loyal to your product or service can be challenging. This may seem like a challenge, but some unique methods can be used to retain your customers even more effectively.

Through effective marketing and other actions as well, you can turn a first-time buyer into a loyal fan of your brand. You can also work along with a business coach who can guide you with his expertise to come up with unique ideas to increase customer loyalty.

Here are seven unique methods that you can use to retain your customers:

1. Keep Communications Transparent

Honesty, openness, and vulnerability- are the factors that hold a lot of significance to customers. They want to do business transactions or deal with brands that set realistic expectations and exceed them almost every time. In case they don`t, they take steps to make it better when that happens. Customers truly want to deal with businesses that are transparent about their humanness.

2. Focus on Building Relationships with Customers

Customer relationships are the foundation of customer retention. To build relationships with customers means investing time in understanding their needs, requirements, concerns, their experience with a product or service. A business coach with relevant industry experience can help you to build stronger relationships with your customers.

How you treat a customer before and after he or she purchases your product or service demonstrates who you are. It helps to strengthen your relationship with the customer.

3. Ensure Excellent Customer Experience

If you want to retain your customers, focusing on providing a high-quality customer experience, which translates to providing a service that far exceeds their expectations, can work in your company’s favor. To ensure you are giving your customers nothing but the best, give them quality service or products that are above and beyond their expectations.

4. Interact With Your Customers via Social Media

Today, your target customer is present on social media. Social media platforms have emerged as a boon for marketers and advertisers as they provide easy access and wider exposure to reach out to their consumers firsthand. So, why not engage with them?

Engaging with your customers online via social media is a great way to keep them engaged with your brand as well as remind them that you’re “there” to be of service.

5. Make Your Customers Trust You

People want to associate with a brand that is honest and has its customers’ best interests at heart. Keep your communications clear across all the platforms of your marketing touch-points. This means following all legal and generally accepted safety protocols. Keep a tab on public sentiment to understand what is working and what needs to be updated.

6. Lead with Compassion

Empathizing with your customers once they have purchased your product or service is a great way to solidify your relationship with consumers. Reach out to your existing users to hear how they’ve been affected. If you understand their concerns, you are well-equipped to solve their immediate needs.

7. Make Your Customer Feel Special

People remember how you make them feel. So make your customers feel valued, appreciated, and important. People crave connection, so make your customers feel valued, appreciated, and important by tapping into the good feeling that your product or service creates for customers. Invest the time to make it personal and create a customer environment that allows them to have a sense of belonging.

We often receive hundreds of emails from brands sending us a link to click on. But how many of us open those emails? Instead of trying to stay on top of mind by sending the same email that other companies are sending, send an email telling a story about your company and what you are up to.

Don’t sell. Don’t market. Just create a bond with your customers and lead with compassion.

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.

Come be a part of India`s most powerful business training ‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra which will be held on 22, 23, and 24 July 2022. To know more about this event, visit https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078 .

Categories
Startup

Want To Pitch Your Startup Idea? Here Are The Top 4 Ways To Do It!

4 Effective Ways to Pitch an Idea to Investors Confidently!
4 Effective Ways to Pitch an Idea to Investors Confidently!

Summary: Pitching your idea to your potential investor seems incredibly nerve-wracking. But it is vital to any startup business.

Pitching a business idea successfully to an investor is an entrepreneur`s dream. However, it’s a nerve-wracking experience too! It is like the feeling of giving a presentation in front of the entire class. The only difference between the two is that the former is more challenging!

One often wonders if the potential investor is interested enough. Will they like the idea? And most of all is this potential investor going to fund the project?

The key to doing it successfully is being able to deliver it confidently. However, it can appear as a mammoth of a task if you feel shaky about your public speaking skills.

So how can you ensure that you get investors for your startup business? By not doing mistakes that most entrepreneurs commit unknowingly and by attending India`s most powerful business training—‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra. Also, they practiced the best ways to approach their investors.

Here are top tips for pitching your great ideas or products to investors:

1. Focus On Your Purpose

Connect with what you are doing and focus on the solution that your business idea will provide to your customers. Find a way to calm yourself down beforehand. Practice moving the focus from yourself and your body back to the room, the people there, and your message. Always remember it’s your idea that matters.

2. Perfect your Elevator Pitch

Your elevator pitch is a teaser of your startup business idea. These 30 seconds of elevator pitch should explain everything that someone would need to know when they meet you for the first time.

Your elevator speech should be crisp, direct, and clear. It should simply describe your product or idea and tell your investors everything if they have no background knowledge about your startup.

It should cover the 3W`s- ‘What you do,’ ‘What problem you solve,’ and ‘Why are you different?’

After your pitch, make sure to connect with the person listening. Ask them questions and resolve their queries. Learn how to impress investors with your elevator pitch by attending LFP 2.0 by Dr. Vivek Bindra.

3. Find & Research your Potential Investors

If you come prepared, the battle is half won! So before doing your pitch, do some research on who you will be presenting. You can also work along with a business coach who can help you find some investors.

You can also search for the list of Angel Investors networks that focus on your region. Some of the investors may be popular figures. So you can research them well online. Study their patterns, as some investors like to be involved in the company they are investing in. Others would rather be hands-off and would rather like to receive quarterly reports on profitability.

4. Present Facts & Figures

When you are pitching your idea to a potential investor, provide solid data reports. Investors are always interested in what you have already accomplished. Also, how much profit they will make post-investment in your company.

The value of a startup is often built even before they have made profits. The numbers behind it are often driven by speculation about how well the company could perform shortly.

However, you must also be well-prepared to back up the numbers you provide to your investors. Investors would want to hear the reasoning behind your numbers.

Do not just give a random figure of new customers your company is acquiring every month. State the exact number of how many customers you will acquire. It does not matter if you are attracting 20 or 20,000 customers. Your transparency and honesty are what matter the most!

Always remember that an investor is not just investing money into your company, they are giving it to you. And they are investing because they believe in you.  Hence, give them confidence by providing real data.

Are you trying to find investors for your startup, but could not despite having an innovative idea that could make huge profits in the long run? Worry not! With our ‘Leadership Funnel Program 2.0 by Dr. Vivek Bindra’ you can learn how to raise funds for your business even without an investor. For more information, click here: https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078 .

Categories
Business motivation

5 Smart Tips To Increase Your Business Sales

5 Smart Tips To Increase Your Business Sales
5 Smart Tips To Increase Your Business Sales

Summary: Selling is a complex process and it is difficult to predict your customer behavior. Then how can you increase your business sales? Find out in this article.

Marketing is an integral part of every business because it’s not the best product that does well; it’s the best-seen product. This is why creating an excellent product or service is not enough. If you don’t have consumers coming for your business, you can’t increase sales.

The key to increasing sales is when you implement strategies that provide the visibility you are looking for. To master the ability to build effective strategies attend Leadership Funnel Program 2.0 by Dr. Vivek Bindra.

From small businesses to large businesses worldwide, everyone is struggling to boost their sales and has been chasing the holy grail of increased revenue and growing sales numbers. At some point, it’s the systems that allow you to scale your business in a way that doesn’t directly involve all of your time.

So, how can you ensure that the number of sales is always on top? What if you can increase your sales number without having to jump through hoops? What if you find a simple formula that will help you to increase your business sales?

Whether you are selling your products online or running a brick-and-mortar business, these sales strategies will help you increase sales:

1. Create Sales Funnel to Focus on Consumers

Shape your marketing strategies and communication around your customers. Create a sales funnel that will lead your customer from a place of simply being aware of you to a place where they are ready to make a transaction with you. It is an integral part of your cycle that will take your consumer through the sales cycle.

What most business owners miss here is that a customer is not interested to know about a product. They are more interested to know how it will make their lives more convenient.

By shifting the focus of the discussion to your customer`s pain points, you will come out with a more customer-oriented sales strategy.

Conduct research on the current challenges that your customers are facing then communicate in a creative way how your business can help them to overcome those challenges. Want to learn more? Be a part of India`s most powerful  ‘Leadership Funnel Program 2.0.’

2. Focus on Better Discovery Conversations

Most entrepreneurs often think that the goal of every discovery call is to close sales. But, it should not be like that. A discovery call should be looked at as an opportunity to analyze whether a potential client is a right fit for your company.

Be present with your clients and prospects with an attitude that you are available for any help. These questions and attitudes will help you focus on the outcomes of the other party and will eventually help you to build a solid relationship. You can also consult with the best business coach in India.

3. Show Up Where Your Customers Are

The internet gives a golden opportunity to businesses to be present in different ways and at various mediums where their potential customers are. You can use podcasts, videos, blogs, and many other formats to reach your potential customers. In other words, always ensure that your business is present everywhere where your customers are active.

4. Give Your Customers an Exclusive Experience

Treating your customers like a king can take your sales volume up, rapidly. It is very important for a customer to feel that their requirements and feedback will be taken seriously. They love it when a business owner remembers small details.

So, if a customer comes regularly to your café, remembering the amount of milk or the quantity of sugar he or she takes will make it special for them.

It is the feeling that brings a customer again to your store or café. According to a Forbes report on average, 7% of consumers expressed some level of frustration when their experience was impersonal.

If you are a shop owner, you can give your customers a personalized touch by greeting them with their names. This tip might appear simple, but it is very effective and will deliver big results. Want to know how to attract more customers? Attend ‘LFP 2.0’—India`s most powerful business training by Dr. Vivek Bindra.

5. Bringing Something New by Asking Your Customers

Change is a constant thing! It is essential to keep bringing innovation into your services and products. However, there is one thing that every business owner must do- take extensive feedback from your customers. Make your customers an integral part of the innovation by analyzing the ‘ABCDE Model’.

A-           Analyze the problems & needs of the customers

B-           Brainstorm what exactly your customer is looking for in your products.

C-           Co-create. Involve your customers when altering a range of products or services.

D-           Deliver what promised

E-           Evaluate

The model of ‘ABCDE’ is behind Subway`s success. They let their customers decide and select the ingredients of their meals. This way even if a sandwich doesn’t taste good, the customer doesn’t mind because of his involvement in the process.

With our above-mentioned tips, you will see your sales numbers increasing. If you want to make guaranteed progress in your sales numbers, attend our live event ‘Leadership Funnel Program 2.0’ by Dr. Vivek Bindra which will help you gain in-depth knowledge regarding the business world.

To know more about our event and its exclusive benefits, visit: https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078

Categories
Business motivation

4 Tips To Choose Best Business Training Companies in India!

4 Tips To Choose Best Business Training Companies in India!
4 Tips To Choose Best Business Training Companies in India!

Leadership training for top-level and middle-level management and personal development programs for lower-level employees is one of the best practices that are fairly standard across many businesses. With technology changing every second, it is vital for today`s workforce to stay upgraded and updated with online business training.

Without proper business training, it becomes immensely challenging for employees to advance in their careers when they lack the right skills to do. It acts as a setback in their professional and personal development. In terms of business impact, neglecting this essential aspect that acts as a catalyst in a company`s progress, could lead to least employee engagement and higher turnover.

Many organizations that understand the importance and long-term benefit of providing training choose to outsource it to business training companies in India.

Hiring the best business trainer in India outside the company provides more expertise, better perspective, and excellent management skills.

So how will you choose the best corporate training company for your employees and your organization?

Whether you are looking for your first training partner, or are evaluating the existing ones, here are 5 tips that will help you to pick one of the best corporate training company:

  1. L&D Resources & Subject Matter Expertise

Quality matters! And when you are planning to outsource the training part, it becomes imperative. When you are looking to hire a business training company, it is essential to know their training expertise, qualifications, experience, clients, and knowledge. One should know what their subject matter expertise is and what value they will bring to the table to fill in the gaps between your employees and their skills.

Another important factor is to consider if your training partner also provides specialization. For instance, if you need design and development expertise, does their team of instructional designers and curriculum developers look capable? You can always ask the training provider to share their past work profiles, portfolios, sample projects, and experience.

Many business training companies in India offer experts who have years of experience in the latest training tools, topics, and applications. By asking the right question, in the beginning, will reveal you the best option. It will also help you to find out if the company will be able to turn employee training into a memorable learning experience with desirable outcomes.

  1. Are they Offering Industry-Specific Content

Though the technology remains the same, its use varies in every industry. Every industry has a distinct need hence, the concept of one-size-fits-all does not apply here. The knowledge and content provided in every business training course should be industry-specific.

Most often than not, corporate training partners, reuse content across various industries to reduce the effort and time while working on the content of a diverse range of course materials. A good business training company offers course material based on a company`s requirement. Having a business trainer who offers distinct training solutions provides the customization by keeping your immediate problems into consideration. It is also essential to evaluate the strength of a company when you are planning to hire.

  1. Syllabus & Course Material

When searching for the right business training company in India, it is always recommended to check their website or inquire about them on the web. Ask them about their course materials for training. Why? To get an idea that the training material is prepared according to the updated knowledge and skills those are in demand in the market.

For instance, if you want to opt for comprehensive soft skills training for your employees in the communication department, you will want to ensure that your staff gets the right interpersonal grooming training.

  1. Future Prospects of Growth

After employees finish up a training program, they need more than just a piece of paper. Most of the employees seek in-depth knowledge, practical approach, innovative skills, and confidence to impart that knowledge as the essential outcomes of training.

Keeping this factor in mind, you should hire a corporate training company in India that can assure nurture an environment of acquiring knowledge to deal with the present as well as the future work challenges.

Professional and personal development is necessary for employees as well as a company`s growth. In this time of the pandemic, managing your teams against the backdrop of a pandemic, social unrest, and economic challenges is important more than ever.

If you are looking to find the best training company for your organization, Bada Business Pvt. Ltd can be a good option.

Dr. Vivek Bindra is one of the best business trainer in India as well as across the globe. He is a five times GWR record holder and is has been awarded with many prestigious awards and recognitions that proves his mettle in the corporate training world.

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. If you are an entrepreneur and looking to find solutions for your business challenges, you can gain in-depth knowledge from our Problem Solving Courses. A personal guidance to increase your brand presence consistently to facilitate sales, engage your customers and close leads.

Categories
Business motivation Process & Business Expansion

5 Business Tips Every Entrepreneur Should Know

Business Tips | Representational Image Only (Photo Credits: Pexels)

The COVID-19 pandemic has changed the entire dynamics of running businesses. Running a business is hard, but if one puts in consistent efforts, no one can diminish the spark of an entrepreneur. One has to be really focused and have a positive mindset to succeed and to gain a competitive advantage over rivals. It becomes the need of the hour to make yourself and your business strong and worthy enough to deal with the perils of new entrants in the market.

Insulating yourself from such threats will not only help you grow your business, but also focus on trying to survive in the market at times of crisis. Being an entrepreneur in any sector should fill a hole in a certain market or niche.

Here are 5 Business Tips that Every Entrepreneur Should Know

Customers First: Listen to Them

The most important feature that a successful entrepreneur should possess is the quality of listening. The more you listen, the better you understand the problems of your customers. The quality of listening not only helps you focus on finding a solution, but also makes your customers happy as you give them a patient listening.

Trust Your Gut

Believe it or not, you need to trust your gut as it helps you make the right decision. This phrase is often used but rarely understood. Folks out there in the market are looking to solve a problem or find a particular type of product. If you trust your gut and give an idea a shot, who know? Your idea may be a hit!

Track Your Finances Inside And Out

A successful entrepreneur is the one who knows the key to access and manage the finances in a proper manner. If one knows the finances inside-out, keeps a record of the spending and earnings and plans accordingly, nothing like it! An entrepreneur should be well versed with the the firm’s revenues, expenses, capital requirements, profits (gross and net), debt, cash flow among other things. Spending are always easy, earning them takes a great deal of effort.

Be A Solution, Not A Problem

People out there have a lot of problems already. You be the solution! Provide solutions by listening to your customer’s grievances.  It’s a lot easier to gain a solid customer base when your business is fixing a problem. Just sit, be quiet, and listen to yourself.

Never Stop Looking for New Ideas

Be open to new idea. A successful entrepreneur is the one who should be open to fresh ideas even if after reaching a certain level of success. When one is open to fresh deals, the business has the potential to reach a next level altogether. The most successful businesses are always on the lookout for new ideas and useful business tricks that they can use.

 

Categories
Powerful Personalities

Business Training by Dr. Vivek Bindra

Introduction

In the World Leadership Federation that held in Dubai on 23rd Feb 2017, Dr. Vivek Bindra gave Business Skills Training. In this article, some of the important points from this business training are discussed.

1. There may be some first movers in your industry but you have to become the fast mover of your industry.
It is one of the points discussed in the business training given by Dr. Vivek Bindra.

Example:
Nokia and Blackberry were the first movers but they were not the fast movers, i.e. they were not able to cope up with the changing market trends and customer needs. So, they have left the industry.

Similarly, Yahoo bought Hotmail from Sabeer Bhatia in the year 1997 while Google got Gmail in the year 2003. Google was not the first mover but it was the fast mover. As a result, Google replaced Yahoo from the market.

2. All the success stories in the world are stories of great failures. It is their ability to bounce back that has actually made them successful.

It is another point of business skills training given by Dr. Vivek Bindra.

Example:
Facebook has not become Facebook in the first time. It was started as a website named, Hot or Not, which failed. The owners of this site bounced back and created Facebook.

Similarly, YouTube didn’t become YouTube in the first time. It was an online dating website, which failed and its owners bounced back with YouTube.

When entrepreneurs face failures they fall down. But, you should not fall down, you should bounce back.

3. Leadership is an influence – nothing more, nothing less

It is one of the points discussed in the business skills training given by Dr. Vivek Bindra.

If you really want to develop a billion-dollar business, you need to remember four things, which are as follows:

Profitability:
Maintain your gross margins. People have not become millionaires by giving discounts. People grow in their business through competitive advantage.

Scalability:
Lots of organizations are able to manage profitability but they miss out scalability. You have to build scalable models through which you can train your employees and build high-performance teams. This team will help you to control your business and grow it.

Speed of transaction:
A lot of people take loans to start a business but their speed of transaction is so slow that their cash-debtor turnover ratio goes out. It means that cash inflow is less and cash outflow is more. Such people are not able to manage their cash and go out of business.

Competitive advantage:
It is one thing that can take your business to any height. Find out your unique signature strength and build a competitive advantage. Find out the Need, Interest, Concern, and Expectation (NICE) analysis of your client.

Do not try to do multiple things, focus on the main thing. Do not focus on the width, focus on the depth.  There is a saying: A man running behind two rabbits catches neither.  So, find out your competitive advantage.

People make their business bulky and not able to understand their competitive strength. They are not able to manage their gross margins. Such people kill their business. So, avoid this and identify your competitive advantage and work on it.

The above-mentioned points discussed in the business training given by Dr. Vivek Bindra will help you to take your business to new heights.