Tag: Entrepreneur tips

Categories
E-Commerce Startup Strategy

5 Crucial Tips for Entrepreneurs & Wantrepreneurs to Enhance Productivity!

Productivity is critical for success! It acts as a catalyst to enhance the efficiency and growth of a business. From entrepreneurs to wantrepreneurs, solopreneurs to business owners, productivity is of utmost importance.

Finding ways to be productive and not just busy is essential for every entrepreneur and wantrepreneur is crucial in these economically turbulent times. And, if you are between managing people, meeting deadlines, and performing random tasks dutifully, you are running a business, perhaps you are also running out of time.

If you can thrive while juggling between the distinct job roles, then CONGRATULATIONS! But, if you feel like you are hanging by a thread most of the time while managing the hectic work schedule, then don`t feel bad. Because being an entrepreneur can be a tough task.

And, if you are not making constant efforts to improve your productivity, it`s only a matter of time before all those goals and aims will come crashing down. However, increasing your productivity is not rocket science, given that you are willing to put all your efforts down.

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

1. Build Time Blocks- Figure out your most productive time

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

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

2. Implement Accountability

We often underestimate the power of public accountability. Public accountability is something that can truly motivate us.

Make a to-do list and set short-term goals, even if it means finishing your pending tasks for the day/week. Share your tasks and goals with a co-worker, friend, or with your team. Knowing that you will have to report back and be answerable for not meeting these goals will keep you motivated to perform better to see them through.

3. Say Goodbye with Multitasking

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

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

4. Minimize Distractions

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

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

5. Learn to say ‘NO’ Politely

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

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

When you are an entrepreneur or a wantrepreneur who is ‘work under progress’, it`s easy to be “on” at all times. However, staying busy and occupied all the time can stifle your mind and block your creative juices from flowing.  Take time to distress your mind regularly as it will impact your effectiveness. And your mind and business will thank you.

Want to know how to deal with business challenges that come unannounced? With our ‘Everything about Entrepreneurship’ (EAE), you can learn business insights and in-depth knowledge from the top industry experts. To know more about EAE, click: https://www.badabusiness.com/?ref_code=ArticlesLeads.

 

Categories
HR & People Management Startup

3 Effective HR Practices every Entrepreneur should Implement in their Organization

people friendly work culture
बिजनेस मॉडल

As an entrepreneur or a small business owner, it is normal and sometimes even necessary to don many different hats at the initial stages. But if you want to make your business profitable and successful in the long run, your management-related tasks must be handed off to a skilled and talented HR professional.

Companies that invest in their human capital achieve their business goals and promote a positive culture. A study by Darwish, T.K., Singh, S., & Mohamed, A.F. (2013) and Huselid, M.S., Jackson, S.E., & Schuler, R.S (1997) published in Forbes indicate the importance of aligning human resource strategies to achieve business goals and improved business performance.

We all have heard about the old metaphor, “jack of all trades and master of none”. But the fallacy of this idiom does not fit in the modern world. In doing so, it may lead entrepreneurs to make costly mistakes in terms of money and time.

Not only your business may face some serious consequences because of the lack of skills and knowledge. But it is completely unrealistic to build a successful business without building people, especially in a startup.

So whether you are a solopreneur, an entrepreneur, or a wantrepreneur if you want to create a professional and efficient culture in your company, here are three best HR practices that will guarantee a more productive culture in your organization:

1. Hire the Right Candidate

No desperate hiring, please! Because the hiring of the wrong candidate is detrimental to the startup business. Along with the essential skill set and a positive mindset, it is also crucial to consider the cultural fitment of the candidate.

Ensuring that the purpose of the position is met with the desired candidature of the job applicant is very important. Why? Because it ensures personal and professional aspirations being met. Developing a consistent interview process is also necessary as inadequate job descriptions attract less-than-best candidates.

Hiring the right candidate with a positive approach can help to create a culture in the organization where everyone feels welcome and participate. Select people who are self-motivated, goal-oriented, talented, and driven by passion and also share your vision. Keep your staff updated with the latest market trends by providing them essential training for futuristic skills. An improved and enhanced team will remain motivated. This will eventually accelerate your business growth.

2. Implement People Friendly Policies

The employees should be empowered to mold their work environment within the defined boundaries. Also, a set of policies that define the boundary within which it is to be carried out staying in alignment with the values professed by the organization.

Here a handbook comes in handy! The Policy or the handbook forms the foundation of the agreement on service conditions with the hiring candidate. This needs to be signed during the acceptance of the offer and every time the offer is amended.

3. A Performance-driven culture & a defined Improvement Path

When you invest in a financial scheme, you get returns! Similarly, when business owners invest in their employees, they, in turn, invest back in the business. Performance drives the success of any organization.

An agile and motivated work-force is every organization`s biggest strength. Whether you are an entrepreneur or an HR working in a large organization, it is necessary to ensure that your staff members are fully satisfied with their role in the organization.

Employees should have clarity about their current job role and growth opportunities as ambiguity can lead to non-performance. Encourage your employees to do self-evaluation. Try to nip the problems at the early stages.

An employee`s growth could be vertical as well as horizontal in which an employee is skilled and is made more capable.

As an entrepreneur, you must retain good employees and promote growth within the organization by making the entire staff skilled.

One of the most standardized and common initiatives that entrepreneurs can implement is new employee orientation. An orientation program will inculcate a sense of commitment in the employees, and thereby encourage a sense of ownership.

If the business size is small, it is advised to have a systematic performance review. A quarterly performance check would make more sense in a start-up. If you want to scale up your business and promote its growth, be honest about the performance.

Creative ideas, proactive solutions, emerging trends, and innovation stems out of a fully engaged workforce and not otherwise. Looking for a bit of expert advice on how to build a high-performance workforce? Click here https://www.youtube.com/watch?v=RszxzBYiZpQ&t=791s

You can also take our Everything about Entrepreneurship course that will provide in-depth knowledge from starting a startup to expanding your business. Learn from the top industry leaders on the front line. To know more click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

 

 

 

 

 

 

Categories
Startup

4 Key Skills Every Entrepreneur Should Have to Be Successful and Stand Out From the Rest

Women Entrepreneurs in India (Photo Credits: Pixabay)

Any person aiming to be a successful entrepreneur will always think out of the box and have several creative ideas as to how to go about in the business. There are key traits to success in small business which attributes no matter what your endeavour is. A great entrepreneur must be able to effectively communicate, sell, focus, learn, and have the skills to manage efficiently. The ability to keep on learning is not just a key entrepreneurial skill, but also a very valuable skill on one’s life. Some of the characteristics are innate, while some others can be nurtured.

If there are new businesses, more jobs will be created in the market. New ideas will pour in and better ways of doing business will be incorporated. Entrepreneurship also makes the marketplace more competitive so that outdated thinking is challenged.

Here are few characteristics of an entrepreneur can take you far in the workplace.

Communication:

Communication holds the key to any business, be it small or big.  Any entrepreneur needs to be an effective communicator to become known in the industry. No matter even if it’s a solo entrepreneur, you need to have the communication skills to attract all the potential that will bring profit to the business. An entrepreneur to be able to communicate with employees, investors, customers among others.

Creativity:

This is the most important entrepreneurship skill that one must possess. If your idea is not out of the box, you will not be able to stand out from the rest in the market.  “They want employees to be able to not only carry out assignments, but also come up with better ways of doing things,” Litzinger says. It is very important to be creative in this competitive world. If you are creative, you can improve your company’s workflow, productivity.

Dr. Vivek Bindra welcomes all to be the part of Bada Business Family; Watch Video:


Persuasiveness:

In order to be a successful entrepreneur, you need to have the quality to persuade people with your creative ideas. Persuasiveness can make you a better negotiator and help you achieve great things in your businesses. You may face hurdles in your business journey, but you will have to convince your client or your co-workers to take actions on certain things, so you need to be persuasive.

Ability and desire to Learn:

Any entrepreneur, who wishes to reach great heights, needs to be always open to learning new things. The ability to learn is one of the most important skills to have in life, be it an entrepreneur or be it anyone else. If a person is able to learn in any situation, even failure, they have the skills necessary to become a successful entrepreneur.

Categories
Process & Business Expansion Strategy

2020 Entrepreneur Trends For Business Expansion

As an entrepreneur, one has to be ready to adapt to the changes happening in the business world. The faster you adopt the change, you will able to establish your brand. As per your thought process, the idea you had must be great only due to the rapid changes the idea can get submerged or can come out as flying colours.

These changes can be bases on the political landscape, economy, technology, and social changes that can boost or kill your idea. As an entrepreneur, one needs know-how competitive the business industry is. In this case, to stay ahead, one needs to be updated with the latest trends. These trends can be in terms of technology, work culture, or operations.

Therefore, by keeping this in mind, mentioning a few trends that as an entrepreneur can help you to grow. These trends will help you, team, or business in the coming years and beyond.

Build Your Business as Part of The Economy

As a business owner, you should always remember how you are giving inputs in the country’s economy. You must understand the circular economy, a business model in which you benefit the business society and the environment.

When you are the owner of a new start-up, it will be easy for you to follow this model as in the later phase, it can be difficult to incorporate the model. Once you follow this model, then it can help you to achieve a great advantage over the competition.

Work on Global Path

When you plan your business, always plan to work on a global basis. Once you start thinking about the global growth, don’t think only about your product or services, but also when you create a team, make sure it has diversification in terms of education, nationality, gender, and experience. It will help you to become innovative and built a strong foundation for growth.

For reaching your destination, you need to start taking steps towards it. So, if you dream of catering to a global market, then, you need to plan this from day one, and it should reflect on your action and planning.

Innovation Is The Secret to Growth

As a business owner, one needs to keep working on a new opportunity for growth and expansion. Innovation is your best friend in this case as it will help you to create a better product or service but also help you tell to sell it to the right target market.

To have an advantage over the competition, you need to make innovation a priority, as it is the best chance to remain in the industry and help you to have the business grow.

Use Of Technology For Operations

You can play safe and smart by using the right technology. Tools that save time helps you to accomplish the goals with fewer resources only. These technologies will help you to streamline work, correct use of resources, and have better results.

These steps help you to grow your business and bring more focus to the team working better in the right direction.

As an entrepreneur, we understand you have many tasks to finish, but keeping yourself updated with these trends is important for you and your business plus your team. To expand your business and stay in the competition, you need to focus on the right things and at the right time

 

 

 

Categories
Motivation & Mind Control

Learn From The Secret Strengths Of Successful Entrepreneurs

Startup Tips
स्टार्टअप टिप्स

The success story of any entrepreneur is different from the other, but one common component is their decision-making skill and motivation towards the work. But the question is, what is one common thing that makes an entrepreneur influence both decisions? That common factor is strength. It engages a lot of strength to follow your passion and become an entrepreneur.

While talking about being an entrepreneur, you need to have an understanding of the major strengths of being one. It’s beneficial for those who are embarking on the journey as an entrepreneur. We know very well, nobody is a born entrepreneur, but in time you learn and skill up yourself.

Let us give you some idea of the strengths you need to focus on while in your entrepreneur journey.

Physical Power

Many entrepreneurs tend to ignore this strength as they start the journey of being entrepreneurship. But nobody realizes it physical and mental fitness work together in the growth of yourself and your business.

Yes, we agree while starting the new business, tough to time manage this in your busy schedule, but taking out 30 min for this strength can take you a long way in personal and professional life. It will also help you to motivate your team to be physically and mentally fit. Once a person is happy this way, they able to focus on their work that is directly beneficial to your brand.

Spiritual Energy

Many entrepreneurs are successful, it’s also true all are not good at decision making. Likewise, entrepreneurs have a different motivation to work like some are money-driven while some mission-driven. We know it takes hard to learn about spirituality and find the purpose to help. As an entrepreneur, this strength helps you to promote leadership as every entrepreneur is a leader, and once you know how to lead it, then it shows the level of growth of your business.

As an entrepreneur, learning is a perpetual process, and when you harness this strength, you open the process of self-improvement. Therefore, spirituality is a major significant role in the growth of your and business as it empowers your mind that leads to bringing more focus on work.

Mental Power

Mental wellness is important for anybody and everybody. When you need to work with a team, it’s significant for your focus on building mental strength. One requires to understand the real meaning and purpose of mental toughness is the ability to deal with any situation and pressure and bring out the best of the ability.

When you are in a position when you have to make a decision, then you need to keep the mind calm and relax. One needs to discover the art of handling the situation without making yourself upset as the whole team looks up to you for strength and solutions. Thus, mental strength is something that can help you to beat up the situation.

Ethical Strength

Ethics is something that one needs to have in a kind of work. No business or brand is not successful if they don’t abide by the ethical route. Success is marked when your customer is glad about your services and fulfil their needs.

Ethics is something that can’t come overnight, something you need to have in you. For any long-term relationship, you need to exercise with your team and customer for growth and success.

There is no shortcut to success, it is a long process, but few things can help you to start the journey of successful entrepreneurship. These strengths will not only help you to build your business, but also as a person to grow. Therefore, if you want to come as a successful entrepreneur then focus on working on these strengths and start the journey of an entrepreneur.

 

Categories
Business motivation

Who Are You – Entrepreneur Or Employee? Let Us Help You Find Out

What, according to you, being an entrepreneur means? If as per your thought process, entrepreneurship means to start a business, then you are wrong in interpreting the meaning of entrepreneurship. The real understanding of entrepreneurship is more of a mindset. If you do not possess this mindset, then from the mind, you are still an employee.

Now you must be thinking, what does it take to be an entrepreneur? It is essentially what you think and how you do things. Being an entrepreneur is not something mythical. It is to figure out how you need to get a mental leap from the mindset of being an employee to an entrepreneur. As working for the company as an employee and acting for the company as a boss is different, it is more demanding. Being an entrepreneur is a massive lifestyle change.

Let us discuss the thought process of how mindset is different of employees as compared to entrepreneurs.

Remodel Yourself from Working Hard to Working Smart

It’s common when we work for someone, tend to believe that we work smartly, but we are working hard. As an employee, we want to create a good impression for our boss, this leads to more work, and this cycle keeps continuing.

But as an entrepreneur, you classify the work into a checklist of urgent and not urgent. Being an entrepreneur, you need to work smartly and generate good results.

Valuing of Time over Money

Being an entrepreneur, you have a mindset that tends to pay importance to time over money. But on the other hand, you tend to wait to deliver the right amount of money to start working on your dream. Being an employee, you invest in money, but being an entrepreneur, they invest in time.

Being an employee, you work for earning more money, but being an entrepreneur, you value time and always endeavour to invest more in it.

Handling Disappointment in Everyday Base

Being an entrepreneur tends to face some setbacks. As employees working for a couple of years, eventually routine catch up and let you lose focus easily, which results in being frustrated and let it take a permanent place in us. But being an entrepreneur, you won’t let frustration and setback permanent space at work.

Trusting Your Abilities and Skills

Being an employee, you believe you need to have specific skills for running the business, but as an entrepreneur, they take off with whatever they know and learn while running the business. As an entrepreneur, they incline to trust their abilities, and on the other hand, as an employee, they start doubting their abilities.

As an entrepreneur, you tend to have a leader’s skill on you, and as an employee, you tend to be a follower. It happens because an employee focuses on tasks assigned while entrepreneur, they go the extra mile and try to see the bigger picture. If after, going through the points we mentioned, you think you have the skills of an entrepreneur, then go ahead, take a step forward to the journey from employee to entrepreneur.

 

Categories
Business Case Studies MSME

How Entrepreneurship Education Makes You Future Ready Entrepreneurs

In the past years, entrepreneur education has gained immense relevance. This knowledge helps future entrepreneurs to look for opportunities for them. We all know entrepreneurs are a very significant part of Indian economic growth.

With each passing day, jobs are getting limited, and when problems like COVID-19 happens then, job risks get double. With the growth of technological advancements and population growth, be your boss seem to the best option of all.

This education does not only contribute to economic growth but also creates many job perspectives. Therefore, pushing budding entrepreneurs for taking more programs in the field of entrepreneurship education results in many benefits for them in the end.

New Path of Success

As we mentioned, entrepreneurship education is relevant to budding entrepreneurs. It facilitates in developing entrepreneurial skills and knowledge that in future benefits for them only in bringing off their start-up.

This education helps in progressing to the entrepreneur industry-ready with the skills for future businesses and helps in contributing to the Indian-economy. This education helps you in walking a new route to success and growth.

Enhancing Basic Skill and Creativity

By providing entrepreneur education, you capture an understanding of essential life skills of an innovative approach to solving problems, learning to work with a team, and collaborating with people.  These skills can never be taught in the books as these are equally important for the development of an individual.

When you discover an innovative way to solve problems, then you open the door of creativity. By boosting creativity, innovation builds more effective for individuals facing the tough world outside the classroom.

Learn to Solve Problem

Finding out how to solve the problem and identifying it is two important points of learning and understand in the growing years. With years of practice and experience, one can get the skill of problem-solving. But it’s tough to identify the problem before it comes to you, and taking steps to solve it is different.

When you learn both skills of resolving problems and identifying, it creates you as a successful entrepreneur.

Building Leadership Quality

Leadership is the quality which the whole world needs. As a person, if you are interested in making a difference, then this quality will help you surely help in paving a different pathway. While learning about the skills of entrepreneurship, then you tend to incorporate skill and thinking like a leader.

And if you are a women entrepreneur, then this quality will help you to create your own identity in a world full of hurdles.

Making You Ready For An Uncertain Future

Uncertainty is something that you find in anything and everything. In unpredictable and dynamic times, you need to be ready and prepared for the future-ready. By learning the skill of entrepreneurship, you will have one door of the opening venture of your own.

The future is for people who have innovative and leadership skills. A simple entrepreneurship learning can emerge as a path changer and trendsetter in your future. This education is gaining huge friction every day and seeing changing time it can be a great benefit for you.

 

Categories
Business motivation Strategy

5 Incredible Tips For Entrepreneurs For Success

कौशल विकास प्रशिक्षण
कौशल विकास प्रशिक्षण

As you gear up to restart your business in Unlock, every new business owner is nervous and excited at the same time. Entrepreneurship is not an easy cakewalk. It requires a lot of patience, motivation, hard work, and focus. Every entrepreneur treats his idea as a child, which he develops with a full heart.

But we always wonder what qualities or mindset, one needs for being a good entrepreneur. Starting a new business is going to take everything you have got to make it successful. You have a great idea, a strong work ethic, and determinations are two things you will require it most. So, we are here for all the new and old entrepreneurs who want to kick start their business or startup in this unlock with great tips that can help excel your business.

Learn Something New Everyday

Learning will always help you to keep your mind fresh, and knowledge will sharpen your skills. So, start to dedicating your time to learning new things. Running a business is a Tuff process with everyday new additions, which means you need to be updated and well-skilled to face new challenges.

Learning will help you to create new ideas and come up with new innovative answers to your challenges.

Passion The Success Key

Passion is one thing that keeps you going, as it motivates you to face the obstacles. The thing you do without being passionate it bores you up soon, and in the end, you lose interest in it. Without passion, entrepreneurship will turn your business into another job, which you do only to cover your bills.

So being a successful entrepreneur, you need to fire the passion inside you and work hard on your idea and their business. As an entrepreneur, you need to sacrifice, and if you love for your work will give you the enthusiasm and the motivation for success. That’s why its said passion is the success key.

Strengthen Self-Confidence

It is an old saying that you must believe in yourself! Self-doubt is the biggest challenge in any entrepreneur’s life and which they try to overcome. As a human, to self-criticize, and this makes us doubting our idea.

Self- doubt limits the entrepreneur mindset that keeps them to showcase full potential. Developing self-confidence will help you create and work hard more freely, but it will inspire people to work harder and believe in themselves.

Start Challenging Yourself

Challenges are something that helps you to grow and learn at the same time. For every successful entrepreneur, they have to challenge themselves. Nobody can push you to face the need to face it yourself.

As an entrepreneur, you need to be quick and on your toes. Being an entrepreneur, you always have to be prepared for the next challenge.

Take Baby Steps

Making an empire and being a successful entrepreneur can be daunting. It is tough, but not impossible, so we have a solution for it that, is to break it down and takes baby steps.

Once you have broken it down, take them one at a time. Once you start doing that, you will realize you have crossed half mountain. With courage and perseverance, baby steps will take you towards becoming a successful entrepreneur.

Being an entrepreneur, you need to make sure you have a good sleep it will rejuvenate and boost your immune system. Success in business doesn’t expect overnight success. As we have demonstrated only four tips, you have to take a long-term strategy and take baby steps until it becomes a success.