Tag: Corporate Trainer

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Business motivation Startup

A Complete Step-By-Step Guide To Start A Small Business In 2022

A Complete Step-By-Step Guide To Start A Small Business In 2022
A Complete Step-By-Step Guide To Start A Small Business In 2022

Summary: Starting a business sounds exciting but do you have enough knowledge to build one from scratch?

Nothing excites me as much as the idea of becoming my boss. Apart from having multiple coffee breaks and the flexibility of working at my own pace, it motivates me to work hard and chase my dreams. Every decision that I make will bring me closer to my business goals. However, there is only one hurdle, how to start a small business? Should I take help from a business motivational speaker, or should I work along with a corporate trainer?

Most young entrepreneurs often have these questions while thinking about turning their ideas into a beautiful reality. Starting a business sounds exciting, but how and where to begin?

There are many different approaches. For instance, you can enroll in a business coaching program or get help from a mentor. But what are the exact SOPs that one should follow?

To know the answer, follow this step-by-step guide that will help you to understand the exact SOPs required to start your small business.

1. Refine Your Business idea

If you are thinking about starting your venture, you might already have an idea in your mind. Whether product-related or service-related, do a quick search about existing companies in your industry. Learn about your competitors and brand leaders and figure out which unique features or products they are offering their customers or where they are lacking. You can turn these gaps into opportunities.

Also, find out your USPs. This will help you to stand out. Define your ‘why.’ If you want to be an entrepreneur but do not want to start from scratch, you can also consider taking a franchise.

But what are the factors one should consider while taking a franchise? You can watch this incredibly informative video by Dr.Vivek Bindra here:

2. Know Your Competitors Well

Most entrepreneurs spend more time creating their products (which is good) than they often do to know their competitors well. If you will go to investors, the first thing that they would like to know is what sets you apart from your competition.

Knowing your competitors is as important as knowing your target audience. You can conduct a SWOT analysis for your competitors. It will give you more clarity on what is working in the market. You can also take help from a motivational speaker.

3. Create Your Business Plan

A business map is like a road map that will help you visualize your journey and spot potential problems. This document makes it simple for financial institutions, potential investors, and company management to understand your business. Your business map should include an executive summary, market analysis, organizational structure, products & services, mission & goals, company’s background, financial and marketing plan. You can also work with a business motivational speaker to develop your business plan.

4. Assess Your Finances 

Finance is a significant factor that one should consider before starting a small business. Do you have the means to start your small business, or would you take a loan? If you are planning to leave your job to focus on your startup venture, do you think you have enough money to support yourself until you make a profit? Only 5% of startups survive after five years. Most startups fail because of lack of funds. Hence, it is essential to perform a break-even analysis.

Once you have figured it out, it is time to consider your funding options. There are multiple options, from business loans to government schemes, crowd-funding to fundraising through investors and business grants.

5. Determine Your Legal Business Structure

Before registering your company, you need to decide what kind of entity your business is. A business structure legally affects everything from how you file your taxes to your liability if something unfortunate happens. There are four types of business structure:

i). Sole Proprietorship

ii). Partnership

iii). Corporation

iv). Limited Liability Company

6. Register Your Business

Once you have decided about your business structure and name, it is time to register your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government and maybe your state government as well.

7. Apply for Licenses & permits

By staying legally compliant, you can keep your business running smoothly. The licenses and permits you need for your business will vary depending on your industry, sector, state, location, and other factors.

8. Open a Business Account

Set up one business account to handle legal, tax, and day-to-day issues. Keep all the required registration and paperwork ready.

Starting a business requires lots of planning, finance, and completion of a series of legal activities.

Hence, if you want to start a business, you can take help from a business motivational speaker.

The idea of managing a business is more straightforward said than done, and we 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 with foundation courses, specialized courses, and value-added courses.

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Leadership Building

5 Steps To Become A Successful Corporate Trainer

5 Steps To Become A Successful Corporate Trainer
5 Steps To Become A Successful Corporate Trainer

Learning can lead to long-time business sustainability. As the technology and business dynamics are evolving every day the continuous learning can help to run the business operations smoothly.

Education and technology advance on what appears to be a weekly event in some industries, and the companies that remain on the top of these transformations are the successful ones. So, the direct route to success is continuous employee training from the best corporate trainers in the country.

Nowadays, many companies require the corporate trainer to keep their employees updated and upgraded to achieve their long-term goals. With the right combination of education, skills, and experience, you too can become a corporate trainer, if you want to pursue a career in this field.

What is a corporate trainer?

A business coach or a corporate trainer is someone who can provide training and instruct their employees. They try to motivate them and help the organization to teach their employees skills that can help them to grow and perform better. Many corporate trainers work for a single organization. However, many other business coaches work as a consultant too.

What role does a corporate trainer play?

A business trainer is responsible for training employees in an organization for their professional as well as personal development. A corporate trainer conceptualizes, decides lesson plans, hosts training classes, and helps people to learn new skills to help them grow in their current job.

So how can you become a corporate trainer? Follow these five steps if you want to become a successful corporate trainer:

1. Choose your industry

Business mentors and trainers are useful in many distinct fields. So, you need to decide your niche. If you are clear about working in a specific industry that excites you, you can choose it. You can also seek opportunities for specific skills that you require. Also, you must know in which segment you are good at and always stick to that. If you have years of experience in finance, you may want to become a corporate trainer in the finance sector.

2. Learn more about your role

If you are working in an organization and still want to pursue your career as a corporate trainer, you can go to your training department to gain first-hand knowledge. Check, if you can do a job shadow. When you spend some time engaging with the team, only then you can decide if it is the right path for you. You can see what skills are needed to get hired for the role.

You can also take help from someone who is working as a corporate trainer already so that you can learn more about the industry from them.

3. Get certification

While some organizations might be interested in hiring you as a guest corporate trainer, most organizations often like to work with someone who is a certified business coach or a trainer. Many professionals hold a degree in human resources, business administration, organizational management, psychology, or a related field in which they want to provide training. If you too want to work in a particular industry, you can consider obtaining a certification that will provide you with information and prepare you for a career in the field.

4. Ask yourself if you are the corporate trainer type

Perhaps you want to become a trainer, or maybe you are already doing it but are not sure if you should keep doing it. So how will you find out if you have it in you what it takes to be a corporate trainer? Well, if you love speaking in front of people and have no fear of being judged, you can become a trainer. A great business coach or trainer is not afraid to be a little irrelevant and enjoys learning more all the time. So if you too have these qualities, you can become a trainer.

5. Understand the challenges

One may compare teachers with corporate trainers, but the two jobs are poles apart. Where teachers have a certain position of authority due to which students follow their instructions, trainers have no such luxury and will have to build a strong relationship with their learners to get the message across.

Trainers need to possess the ability to talk and engage people with confidence. A great corporate trainer must have a natural thought process to create training material that is relevant to their audience, a good sense of humor, critical thinking, and loads of enthusiasm.

If you are outgoing, love talking and interacting with people and enjoy sharing your knowledge bank, you can become a corporate trainer by following the above-mentioned 5 steps.

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.

Categories
Motivational

7 Brilliant Ways A Corporate Trainer Can Boost Team Performance

7 Brilliant Ways A Corporate Trainer Can Boost Team Performance
7 Brilliant Ways A Corporate Trainer Can Boost Team Performance

Growth and development are the foundation of every organization. This also includes the area of employee development as well. As manpower is the backbone of any company, it is crucial to upskill and upgrade them through regular training by the best corporate trainers in India.

When employees attend corporate training sessions regularly, they become more productive and efficient. Many organizations want to build a high-performing team, however, they do not want to spend on corporate training.

But truth be told, a corporate trainer in India can help your employees to stay motivated and more productive. Here are four major reasons why should you make corporate training a priority:

1. Upgrades Employees

The right corporate trainer can give employees the skills they need to take on a new role. Programs like onboarding and mandatory training are usually offered to new employees or existing candidates that get promoted to a more challenging position. When employees receive training on foundational skills, they perform better. They can bring more to the table and boost your business revenue.

2. Exposes Gaps in the Business

Regular corporate training in the organization creates awareness in your employees. A corporate trainer can help the leadership and management to identify the various gaps in their organization. Once identified, it becomes easy to improve them. It will also help your employees to overcome them with proper training.

3. Helps to Retain Best Employees

When employees realize that there are growth opportunities for them in an organization they tend to stay back and work efficiently. According to a Deloitte report, “42% of employees looking for a new job often say that their existing employer is not maximizing their skills and abilities.  As there are multiple corporate training programs, some training programs prepare your employees for leadership positions as well.

4. Keep up with the Industry trends

Industries are always evolving. Hence, every business needs to keep up with the changing trends to stay in the league.  A corporate trainer ensures that every department of your organization stays up to date.

5. Motivate Employees & Enhance Performance

When the company invests in its manpower it motivates employees and creates a sense of belongingness. It brings a higher satisfaction in their job profile and helps to increase their productivity.

6. Develops Competence & Competitiveness

Due to increased competition job positions are getting harder to get. Hence, the demands and responsibilities in work are also shifting. A great corporate trainer can help employees sharpen their skills, enhance productivity, and stay updated with the changing trends. Refining their capabilities will make them proficient in their field and help them to adapt to the changing trends.

7. Identifies their weaknesses & Develops strength

Every individual has unique strengths and skills, but not many are aware of their abilities. The distinct personalities and the level of their productivity can impact an organization to a great extent. The best corporate trainer in India can help them identify the weakness of each individual.

Corporate training is the best investment an organization can make for its growth. Only those companies that are aware of the fact that the success of a business lies in its manpower grow tremendously.

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.