Categories
Motivational

5 Ways To Convert Failure Into Success!

Ask any successful person about their journey, and you will know that they too had their share of failures. Failure is a part of life, and especially an inevitable aspect of a business. But failure is not permanent unless you give it the POWER it seeks.

A successful person is not someone who has never tasted failure. A successful person learns from his failure and turns it into success.

How much you learn from your failure determines how far you will go in creating success. And if we seek to grow both personally and professionally, we must pursue desired ends. We have to step out of our comfort zones and challenge ourselves with the goals we set. However, turning your failure into success is the real process.

Here are 5 simple, yet surprisingly powerful ways to turn every failure into success:

1. Set Realistic Goals

First, sit down and visualize yourself. What exactly do you want to be? Do you want to be an Entrepreneur? Or, do you simply want to get a job in the field you love? Which career path or personal goals do you have?

Many aspiring people set too many goals even before they begin, and set their foot on the path of disappointment and failure. Don`t do that! It will only give you a series of setbacks.

The key to setting realistic goals is that you meet them, where you are currently in your personal and professional life.

You can either write them down in your journal or create a vision board. You can also take help from some of the best motivational speakers in India to seek guidance.

2. Prepare to fail & Learn from your Mistakes

To err is human, and to learn from those errors is becoming a ‘Super Human’. And, no we are not kidding at all! Every human being makes mistakes on an unknown journey. Identifying your mistakes and learning from them quickly is what determines your personal and professional growth.

Many successful people have experienced some kind of failure. Most of the great inventions like the X-Ray machine, Microwave Oven, Penicillin, and super yummy chocolate chip cookies happened entirely due to mistakes.

But not every mistake will be as sweet as choco-chip cookies. This is why understanding your mistakes and learning your lesson increases your growth potential.

3. Celebrate; not just your success, but also your Failures

We all know that smooth roads have never made good drivers. And failures are those pin-head turns that send chills down the spine of every driver. But fearing those turns will never help you to succeed. Why? Inaction puts everything at risk.

It is far better to perform a task imperfectly than to do nothing at all. When we do nothing and let the fear of failure overpower us, we do not make any progress- professionally as well as personally. And that is the shortest route to FAILURE.

Hence, keep taking calculated risks. If you fail, shrug off the clouds of dust, get over it, and try again! That will take you on the road to guaranteed success. Meet motivational speakers in India like Dr. Vivek Bindra to understand the mantra of success.

Dr. Vivek Bindra is an internationally acclaimed motivational speaker and business coach. He explains the nuances of business and life in an uncomplicated manner. You can watch him explain how you can convert failure into success,here.

4. List out the reasons you failed!

Just like the doctor can’t diagnose the disease without conducting a few tests, we too can’t learn from our mistakes, unless we know the reasons. Sometimes, the reasons could be so small that you might not even have noticed them.

But when we analyze our mistakes and the factors that contributed to them, we understand the reasons behind the failure in a clearer way.

Also, some of the best lessons we ever learn are learned from the mistakes we have done in the past!

5. Talk to yourself nicely, because you are listening

According to Forbes, people who tend to fall short of their goals, turn on themselves. They straightway direct the frustration over their failure towards a self-destructive negative mindset.

It is one of the most common patterns that people follow. They engage in negative self-talk. However, it is the single most destructive pattern that results in berating themselves. Negative self-talk can be incredibly damaging, especially when you have encountered a bump of failure.

Do not let failure allow you to get indulged in self-pity. A failure might sting for a moment, but it too will pass. Staying positive during averse times is the real key to the door to success.

If you are in a season of failure and setbacks, you must know that you are not alone. Also, your current situation will not remain the same forever. Know that with the right mentorship from the motivational speaker, you can turn things around. Under the guidance of Dr. Vivek Bindra, you can achieve your goals and come out even stronger.

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

5 Desi Movies Every Entrepreneur Must Watch!

Movies, whether from Bollywood or Hollywood have always been our window to the other world. While some are meant for pure entertainment with perfect comic timing and dialogues, some touch our hearts with their high emotional quotient and heartwarming script. There are some masterpieces too that give you food for thought and showcase human tragedy. Then few more Bollywood movies showcase the triumph of human life and influence us in some way.

So whether you want to become the best business motivational speaker or an artist, the road less taken often has a rough path. And though we already know that being an entrepreneur is not an easy deal, what could be the best medium other than movies to showcase the journey of an entrepreneur in India? So we have handpicked five desi movies that show the passion, tenacity, and undying spirit of its characters that all entrepreneurs can relate to:

1. Pyaasa (Guru Dutt, 1957)

‘Old is gold and this epic movie by the legendary Guru Dutt fits the bill completely. Playing the protagonist of the movie, the actor plays the character of a poet with an undying passion for writing poetry. His poems are quite radical and showcase the ordeal of the destitute. He also pens down the arrogance of the rich after the departure of the British from India.

He is frowned upon by his brothers, who sell away his poems as waste paper. After lots of struggle, he becomes frustrated by the hypocrisy around him and declares himself dead. It is only after this that the publishers embrace his work and he becomes famous.

Takeaway: The story speaks about the never-dying passion of entrepreneurs for their work and how despite the challenges that society and life throw, they keep on going and come out as a winner.

2. Manthan (Shyam Benegal, 1976)

If you are not aware of the truth behind the formation of the ‘Amul Co-operative Society’, you can watch our extremely informative case study here. You can also watch this old classic movie Manthan which revolves around the story of a vet doctor who comes to a village. The doctor aims to open a milk cooperative society for the welfare of the villagers.

He faces lots of resistance from the rich businessmen and the head of the village. The movie showcases the real-life journey of Dr. Verghese Kurien- the father of the White Revolution in India and how the Amul Cooperative Society was formed.

The Takeaway: The helplessness of the protagonist is real and the movie beautifully does justice to capture the hurdles entrepreneurs often face in the beginning.

3. Manzil (Basu Chatterjee, 1979)

Another movie from the deck of old, this film captures the life of a young unemployed man who has ambitions and dreams of starting his startup. He starts a galvanometer business but the company fails due to high competition in the market. He drowns in bad debts and faces lots of challenges in his personal life as well. However, the protagonist mends his ways and eventually emerges as a winner.

The Takeaway: This movie may appear very simple on the surface, but deep down it teaches us to be ambitious and follow our passion. It does not matter from where you are coming, chase your dreams with all your heart, learn from your failures and move on.

4. Swades (Ashutosh Gowariker, 2004)

Behind every startup, there is an entrepreneur who is working on a problem at the grass-root level and this movie revolves around the same. The protagonist, played by Shahrukh Khan is a young scientist working as a project manager at NASA who comes to his village to find his nanny. The village which is full of diversity, colorful and complex helps to draw a parallel contrast between the two different countries which compels the protagonist to go on a quest to generate electricity for his village.

The Takeaway: The movie sends out a million years old messages of ‘Unity in Diversity and clearly states that a country’s strength lies in its people. Along with that, it poses a vital question- what should we do as responsible and intelligent members of society?

5. Guru (Mani Ratnam, 2007)

Guru probably is the most obvious entry into this list. Based loosely on the life and times of Dhirubhai Ambani, Guru shows an ambitious middle-class boy who is full of business ideas and wants to make it big in the business world. He gets married to a rich businessman’s daughter and uses the money he receives in his wedding as a dowry to start a business. The controversial film follows how he uses his skills and ambition to create one of the richest companies in the country.

The Takeaway: Though the protagonist in this movie is portrayed to be cunning, over-ambitious, and manipulative, he also encourages us to believe in our dreams.

The five movies that we have mentioned above will not just be entertaining, but will also offer a reflection of our society and the challenges that businessmen often experience. So watch these movies and enjoy!

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 programs, visit: www.badabusiness.com

Categories
Business motivation Marketing

How to build a Successful Business with White Labeling?

Summary: White labeling has many benefits! Discover how it can help your business to grow without developing a new product.

Do you want to start your own business, but are confused about which product should you come up with? Do you have product ideas in mind, but due to lack of time unable to create it? The White Label is the solution!

White labeling has been around for a long time, but not many people know that it is not limited to just software. For many years brands like Walmart have been buying products from other companies and relabeling them under their brand.

In a start-up world where the competition is fierce and the market is dynamic being an entrepreneur is not an easy task. From taking care of multiple tasks at the same time to managing your products, marketing, brand reputation, and customer service, it is hard to do everything on your own. For an entrepreneur who is facing a business challenge, doing everything on their own could be the first reflex. You can learn white labeling from the best business coach Dr. Vivek Bindra in their online business coaching program.

White-label business solutions are a gateway into the business world. It helps you to scale your business and sell your products at no extra cost and without pre-planning, training, hiring, and implementation work.

What is White Labelling?

White-label products and services are kinds of re-brandable, and re-sellable items that are produced, branded, and sold by one company but are rebranded and resold by another company.

A White Label Solution involves a manufacturer who sells an unbranded piece of product or service to a reseller who then places their logo and sells it to their business clients. Hence, in a white-label market, the manufacturer and seller are two separate entities that work for mutual benefit.

It is not only limited to small business owners and large enterprises but many colleges and institutions are also making the most of this service with White label content creation.

How do White Label Solutions come into existence?

This concept was drawn from the fashion industry where retailers acquired mass-produced goods from the manufacturers and sewed their branding on the product. What did they get? A product that was similar to private label brands. However, at a competitive price point!

Advantages of White Labelling

Naturally, the foremost benefit of white labeling is its cost-saving aspect. However, there are plenty of other benefits that white labeling that every entrepreneur, solopreneur, or business owner must consider:

1. It saves time– Time is money! And since businesses do not have to build or develop solutions from the start by putting their own time and resources, White Labelling saves up a lot of time, financial and human resources.

2. No Infrastructure Needed– As the resellers can purchase the product from the manufacturer and start reselling it under their branding, they do not need an infrastructure to set up a manufacturing unit.

3. Happy Customers– With quick customizations and quicker time to market the products at the reseller`s end, you will have more happy & satisfied customers.

4. Allows you to focus on your business– More often than not, the companies hoping to build a solution find themselves in a precinct that does not fall under their expertise. Pre-packaged solutions with White Labelling that are prepared by experts can help businesses to reach their goals more efficiently.

White Label Solutions can help businesses that are trying to establish themselves in the market to utilize their unique branding to offer a range of products and services without having to incur money in resources, infrastructure, and technology.

By using white labeling entrepreneurs can give their customers a quick solution to their immediate problems. They can also focus on the core competencies of their business, and move towards building a brand and greater conversion rates.

Want to know how you can grow your business with White Label Marketing? Click here to watch this video:

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 it, visit: www.badabusiness.com

Categories
Motivational

Back to Basics: This Guy Quit His High Paying Job to Sell Earthen Pottery

Where non-stick utensils offer great comfort while cooking food, few people know about the harmful effects of using them at home. These utensils are not just harmful to our health, but also damaging to the environment.

But then what is the alternative? While the market is flooded with products claiming to be harmless to the environment, it is better to exercise caution.

Earthenware utensils that were once used by people before the modern utensils paved their way into the market and our household may seem like an alternative. However, there are lots of fake products in the market that are being made with a die-cast mold with a chemical coating on it.

Such earthenware might end up causing more harm than we know of. To provide a solution to this modern-era challenge, Neeraj Sharma- a resident of Dawla village in Jhajjar (Haryana) came up with his startup up- ‘Mitti, Aap Aur Main’. The business is now yielding a monthly turnover of INR 2 Lakh.

Neeraj completed his engineering from a college in Rohtak in 2016. After that, he got a job with an MNC in Gurgaon where he stayed until 2019. While living in Gurgaon, he experienced multiple health issues. After some time, he went back to his village and told his parents that he wanted to prepare for the civil examination instead.

Neeraj Quits his Corporate Job

Upon returning to his village, Neeraj decided going back wasn’t an option. He intended to find some business to engage in while staying in the village. At home, he started noticing various kinds of earthenware. While some utensils will break easily, others will sustain for a longer time.  They were sturdy and environment-friendly because of their natural composition.

Intrigued by such observations, he made a trip to a nearby factory where their earthenware products were manufactured. He thought the factory would have many artisans working on these products, however, he was stunned by what he saw. Upon entering the factory, Neeraj saw there were various kinds of machines that were churning out these products with zero human input. Given there is much demand for earthenware, the sight gave him a business idea.

Initially, he started by using molds and dyes, but soon he realized how toxic chemicals like caustic soda and soda silicate were while making the products. He conducted some basic research and realized that these were harmful chemicals.

Made his way Back to Basics

Once he realized how harmful those chemicals were, he decided to find a way back to the traditional way of pottery. His search took him to some of the traditional potters from his village who had lost their jobs due to the advent of machines, but they were looking for an opportunity to put their skills to use again.

A Not-so-smooth Start

Initially, only two potters saw merit in his idea. They used to make products with absolutely no chemicals in them. However, it was difficult for him to compete with products that were all beautiful and shiny. It took a while for Neeraj to make people understand the chemicals that are being used in the manufacturing process of those utensils.

His products started building curiosity and more and more people began coming to see their work more out of curiosity than anything else.

Raised Awareness Through Social Media

To spread the word Neeraj used the platforms like Facebook and YouTube to raise awareness about his products and their qualities. Attending local fates, festivals and organic fairs also helped in raising brand awareness. At these events, Neeraj met doctors and nutritionists who were very impressed with the products and started speaking about them. Slowly, people from the city started visiting the unit to buy directly from Neeraj. He says that a lot of the traffic that his business gets is courtesy of the videos he puts up on his channel on YouTube which currently has 1,34,000 subscribers.

Neeraj takes immense pride in his decision of coming back to his village and working with these local artisans. The soil that is used to manufacture these utensils is sourced from Rajasthan and Haryana. The soil in the field is not used to make these utensils as they are contaminated by the use of fertilizers and chemicals by the farmers. One can buy planters, kitchen utensils, and even cookware at prices starting from Rs 250.

With his determination and passion, today Neeraj is earning lakhs per month. We salute his spirit and his fresh perspective toward the environment and society that led him to produce a product that is made from natural resources.

Do you have a startup idea too? Find out exactly what you need to turn that idea into a reality with Bada Business. To know more, visit www.badabusiness.com.

Categories
Process & Business Expansion Strategy

6 Effective Ways To Measure Your Business Performance

Summary: How do you know whether your business is performing as expected or if you are on track to achieve your goals?

Business is unpredictable! This is why measuring its output and evaluating the effectiveness of your strategies is very critical for its growth. However, despite you having all your business objectives outlined and your strategies to achieve them in place, will you know that you are on the right path? Also, how do you know whether your business is performing as expected or if you’re on track to achieve your goals?

Being an entrepreneur it is vital to know what works for your business, and what does not. Be it small, middle, or large, every company has its share of success and failure. So it is essential to constantly keep a finger on your business performance to stay ahead of your competitors.

According to a Gartner report, “organizations that use predictive business performance metrics can increase their profitability by 20%.”

Here are six crucial indicators that will tell you all you need to know about your business’s progress:

1. Net Profit

Net profit is the amount that remains after deducting a company’s expenses, taxes, and interest payments over a given time. It is one of the most reliable parameters when it comes to analyzing financial status. When evaluating your business performance, the net profit should be converted into a percentage of revenue- the net profit margin. Businesses must stay ahead of the profit margin in their industry to remain competitive. Anything below the margin means your business is in poor financial status. If you find it difficult to evaluate your business performance, you can hire a business coach too!

2. Customer Satisfaction

Another important way to measure the business performance of your small business is customer satisfaction. Happy customers can impact other metrics directly. Customers can help you improve your business performance. If your customers are satisfied with your products or services, then your business is making progress.

But how do you measure customer satisfaction? You can do that through various surveys, reviews, and honest feedback from your customers. If your business is at a very early stage, you can start developing a client list with an email address to track customers. This way you can keep a count on your new customers and build a strong relationship with your clients.

3. Employee Retention Rate

A good employee retention rate indicates a business with a healthy work culture and with processes in place for success. A poor employee retention rate is a glaring sign that the company is wasting its resources on hiring, training, and absorbing new employees. This will prevent a company from utilizing its resources to drive growth.

4. Set Up a Break-even Point

Setting up a break-even point or a target can help you evaluate the business performance of your small enterprise. The set target is the number you need to achieve in a given period (monthly or quarterly) for the company to cover its expenses to sustain. It is important to reach the break-even point, even if your business is not making a profit.

5. Sales Indicators

The volume and frequency of sales can provide everything you need to measure business performance. You can segregate the sales data into new customers, sales to existing customers, how much profit a particular product or service is making, or any other categories that might prove vital for the business. Keeping track of these numbers can provide invaluable insights into your business performance.

6. Analyze your Goals

While evaluating your business performance, it is also essential to assess your expectations. Many people disregard their happiness when it comes to evaluating business performance. But try to consider your perception when measuring your business performance. It always helps!

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 the course, click here: https://www.badabusiness.com

Categories
Strategy

Increase Your Productivity At Work With These 7 Time Management Tips That Work!

Summary: Time management is necessary to achieve goals and success in personal and professional life.

Time is precious. Time is money. And one of the most important skills you can have in your life is powerful and effective time management. If you are unable to manage your time well, there is no way you are going to achieve your goals within and outside the workplace.

You will make progress for sure. But your time management will be an uphill battle if you waste and don’t manage your time seriously.  No matter your gender, age, religion, income, race, or religion, you only get 24 hours to work for your dream. From a student to an entrepreneur, a business owner to a business coach, a minister to a housewife, each person gets the same amount of time.

So, what is that one factor that makes all the difference? It’s Time Management. It is not how much time you have, but how effectively you manage it. You can also watch some of the best time management techniques, right here:

If you are serious about achieving your goals, you not only need to set your goals the right way but also learn time-management tactics. Here are 7 time management tips that will help you to achieve your goals:

1. Set Your Goals the Right Way

Very few people understand that there is a wrong way of setting a goal and there is a right way of doing it. If you don’t follow the right way, then you will miss the targets. This could result in derailing you from the track. On the contrary, when you set goals the right way, the sky’s the limit. You can use the SMART goal-setting method that can help you set long-term and short-term goals. Always ensure that you have powerful deep down meanings for wanting to achieve them.

2. Follow a Good Management System

One of the most effective methods for managing your time is to find the right system to do it. The quadrant time-management system is an effective way to start your day. The quadrant time-management system divides your activities into four quadrants based on two parameters- urgency and importance.

Things are either urgent or important, both or neither. Activities in quadrant 4 are the ones that you want to stay away from.

3. Spend Your Mornings with MIT’s

Mark Twain once said, “If it is your job to eat a frog, it is best to do it first thing in the morning. And if you have to eat two frogs, it is best to eat the biggest one first.” What he is trying to imply is to tackle your biggest tasks in the morning. These are your most important tasks (MITs) of the day. Accomplishing those tasks will boost your morale and give you the momentum to help you sail through the rest of the day. You can learn effective time management skills with our problem solving course on Time Management.

4. Follow the 80-20 Rule

Pareto Principle is another great management rule that states that 80% of the result comes from 20% of the efforts. In sales, it means that 80% of the sales come from 20 percent of the customers. All you have to do is to identify 20 percent of the efforts that produce 80 percent of the results and focus on that.

5. Bring Keystone Habits Into Life

In his bestselling book- The Power of Habit, Charles Duhig coined the term ‘keystone habit.’ The keystone is the stone that holds all other stones in place. It encourages you to cultivate other good habits and also to eliminate bad habits as well. Focus on keystone habits and you’ll get much better at managing your overall time by making your habit development much easier.

6. Keep Distractions at Bay

It is very easy to get distracted by incoming messages and other notifications throughout our day. Hence, schedule time to read and respond to those notifications. If there is something urgent, the person will call or text you.

7. 52 Minutes Work, 17 Minutes Break

According to research, one should work for 52 minutes straight and then take a compulsory 17 minutes break. It sharpens your focus and increases your productivity. Whether you are a student or an entrepreneur, it is important to take breaks in the middle of work. Keep your mental, emotional and physical states at peak levels by breaking frequently.

Balance is the key to leading a great life. If you lack balance in your life, you are going to feel stressed out. Even if you’re able to effectively juggle your responsibilities, without proper balance you’re going to eventually reach your breaking point. Hence, it is important to learn to manage those 24 hours effectively.

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

9 Reasons Why You Should Become An Entrepreneur!

For some people, entrepreneurship is the way of life. To create something new that will add value to thousands of lives is exciting. While some of us feel happy with our 9 to 5 desk jobs, others may be having other goals.

Every entrepreneur has a different story to tell. What inspired them to establish their start-up business and what encouraged them to quit their decent-paying jobs to take the entrepreneurial leap? Everyone will tell you a unique story. Some have known from the start that they wanted to work for themselves while others come up with ideas while working for someone else and decide to take the entrepreneurial leap.

However, there is one thing on which most entrepreneurs will agree is that being an entrepreneur is great! Why? Well, every entrepreneur will have his or her reason; however, here are nine top reasons why being an entrepreneur rock:

1. You will sit behind the wheel!

And by that, we simply mean that you will be in control of your destiny. You will call the shots and do the decision-making that will impact your business directly. You can hire a business coach to help you stay on the right track.

2. Turn your Dreams into Reality

Look around and you will find innovative ideas and solutions to your daily problems that you never thought existed. This is the power of being an entrepreneur. Entrepreneurs not just become their own bosses, but also hold the power to turn their dreams into realities.

3. You can make a difference in other`s lives

Do you want to offer a service to people that have the potential to leave a positive impact on their lives? If yes, you can turn those ideas into a reality and can add value to customers’ lives.

4. Flexible Hours

This may appear simple, but this one factor is the most appealing one. When you work for yourself, you don’t have to rush to reach on time. You don’t have to ask your boss for an extra 10-minutes longer at lunch. You are independent to choose your work timings and don’t have to be answerable as well. This gives you more time to spend with your family too.

5. Work Remotely

Thanks to technological advancement, most people are working remotely. By becoming an entrepreneur you can fulfill your traveling dreams and get to work remotely at the same time. Being able to explore the world, while building a great company is an amazing feeling! You can take guidance from a business mentor and learn how to manage your business efficiently remotely.

6. Freedom to Pursue Things That You Love

While being an entrepreneur means handling more responsibilities while working for your dreams. It also means that you can pursue whatever you love whether it is traveling or pursuing a professional dance course. Thanks to advanced technology, the internet allows you to do the things you love while still running your business.

7. Feeling Appreciated

Being your own boss simply means that you can implement any creative idea without having to wait for someone’s approval sitting in a higher position. If you believe that your idea can benefit your business and add value to your customer’s lives, you can simply analyze, plan, and execute it.

8. Become healthier

A flexible schedule allows you to create a fitness routine and stick to it. Hit the gym early in the morning, at lunch, or in the evening — whatever works for you.

9. An Opportunity to Give Back to the Society

Being a business owner surely gives you responsibilities, but it also allows you to give back to society. Being able to make a difference in your community is a great feeling.

Still, having second thoughts about becoming an entrepreneur? With our ‘Problem Solving course’, you can gain in-depth knowledge about how to start a startup business. To know more about this course, click here: https://www.badabusiness.com/psc

Categories
Motivational

Top 4 Mindset Milestones Every Entrepreneur Should Reach For Success!

Summary: Having a proper business mindset is required for starting any venture. But what exactly is a “proper business mindset?” Find out in this article.

We all have heard about the expression that your thoughts greatly shape you as the individual you are in the current moment. Our thoughts have a great impact on our personality and our life.

If you listen to or follow any business coach for entrepreneurs, you must have come across a common recommendation for developing a proper business mindset. Many successful leaders often emphasize the importance of the right mindset and how developing it can be beneficial for personal and professional growth.

But, what exactly is a “proper business mindset?”

In simple words, it represents a certain way of thinking that implements various growth strategies, people skills, and approaches to challenges and situations that together help you move forward with your initial plan. It not only helps in professional situations but also in personal life. So, it’s only natural to implement a success-oriented mindset into the field of entrepreneurship.

Here are the top four mindset milestones for entrepreneurs that will make the whole journey far more successful, wise, and even a bit fun:

1. Quit the Mindset that You Will Make it the First time

Many entrepreneurs often expect success out of their business ideas. Having trust in your ideas and confidence in your caliber is something that is an essential entrepreneurial trait. However, if you do not look at the failures along the journey as a normal process, then they can hit you hard if it happens.

This may lead to discouragement, discontent, and a decrease in your self-confidence, and recovering from that one will be quite challenging. Ask any business coach and he or she will suggest that instead of expecting success on the first try, keep your mind open and be ready for any type of scenario. Always, remember to view failures as an incredible source of learning mistakes.

2. Hire a Team of Professionals

As your business will start evolving, you would certainly need support. That’s when the hiring process takes place. Many young entrepreneurs often lack the confidence to hire professionals. So, they end up hiring less experienced people with doubtful work ethics. Recruiting the wrong talent can prove to be detrimental to your business in its early stages. So, always ensure that you hire the right people for the right job.

3. Invest, Invest, Invest

Starting a startup is like investing for a lifetime. If you thought that the initial investment is the only investment that would need to be made, you are greatly mistaken. Maybe your business will become a hit with your target audience and your revenue will start growing. But, before booking yourself an exotic international destination, stop for a second. A business is like a child. It will require constant investment, funds, energy, and time. Accept the fact that you need to reinvest a huge portion of your profit back into the business.

4. Adhere to Business Fundamentals, but Stay Open to New Approaches  

The business world can be incredibly dynamic with lots of trends and distinct approaches. Staying abreast with the new and familiar with the old-school business techniques is crucial for any business to stay relevant in this ever-changing world. We all may have certain preferred methods of work but we should also pay attention to new organizational trends, and be flexible and ready to embrace changes.

There are various business leaders to whom a business mindset comes naturally. However, the majority of us will probably need to further educate ourselves on the best practices and try to implement them in our growth strategies for our business. Having a startup business has many bright sides and it constantly keeps on teaching you how to rise to the next level of growth and self-development.

So, with these simple ways, you can start working upon yourself to develop a proper mindset for your business. You can also follow Dr. Vivek Bindra- the best motivational speaker in India to get business tips for your startup.

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 business courses, visit: www.badabusiness.com

Categories
Business motivation Motivational

5 Powerful Business Lessons Every Entrepreneur Should Learn!

Summary: Every startup has a unique journey and its share of dos and don’ts. So why not learn from them instead of making the same mistakes again?

Ravi started his first business at the age of 19. Though he had a knack for how to start a business, he lacked how to manage it. So, his business grew quickly with just five employees in three states. His revenue was good, and the business was running smoothly, but because he lacked how to manage a business, things got out of control in no time.

Five years into the business, Ravi was in INR 10,000,00 debt. His dream of entrepreneurship had turned into a nightmare.

So what is the moral of this story? You might know a lot of things, but still, there are a few things that young entrepreneurs need to know.

Entrepreneurship can be wonderful and a fulfilling journey if you build your business the right way. Here are five wonderful lessons that you might want to learn today:

1. Know Your Customers Well

Seth Godin said, “If you try to reach the whole world, you will end up reaching no one.” If you are a “jack of all trades,” you will have a tough time growing your business. Your efforts to grow your business and focus to work in that direction will be scattered.

Hence, it is very critical to know your customer in and out. The more specific you can get to who your ideal customer is the better. It will help you to figure out the best way to find more potential customers. You can also take guidance from the best business coach who can help you to understand the buyer’s persona.

2. Don’t Over Promise & Under Deliver

In the business world, if you promise your customers a miracle, you should deliver one. If you want to grow your business and sustain it in the long term, you have to be the kind of business that always keeps its promise. For startups, there are going to be limited initially on what you can do, but that’s ok. Focus on your strengths.

3. Stay Organized

Whether it is home or work, unorganized surroundings and way of work could be frustrating for everyone: your staff, your customers, and your mental health! Staying organized is important to keep your business running smoothly. A disorganized way of working will repel new customers from doing business with you in the future. To keep your business organized, start simplifying things. This will eliminate the clutter and keep your business operations organized. Find a business coach who can help you navigate the challenges that a startup has to face, initially.

4. Focus on things that will Help You Grow Your Business

One of the most important lessons, which is applicable not just at work, but also in every sphere of life is to manage your time. As an entrepreneur, it is very important to learn where to focus your time. Don`t get distracted by too much information that might appear shiny and bright. Instead, focus on what is essential for the growth of your business and apply it wherever it is necessary.

5. Get Over Failure & Setbacks Quickly

Whether it is Einstein, Thomas Edison or Steve Jobs, or any other successful entrepreneur, one common thing that they share is FAILURE. Entrepreneurs often hold back because of ‘Fear of Failure’.  However, the truth is that failures are momentary set-back and not business-ending events, which send you in the right direction. When you experience failure, you must know that it is not the end of the world. Brush off the dust and move on, determined to come back even stronger. You can also work along with a business coach who can help you spot your shortcomings and direct you to bounce back.

You can have a good idea, but to be the most successful entrepreneur you must know how to turn a good idea into a viable product or service for your business. You can give it all, but it is important to know that it takes time and feedback from your customers to get your best.

So don’t be that “I know it all” entrepreneur. Be open to new learning and stay curious to look at things from a different perspective. Learn these lessons and your business will thrive.

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
Leadership Building

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