Tag: Entrepreneurs in India

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Business motivation

7 Quotes to Inspire and Motivate Budding Entrepreneurs and help Them Grow Their Businesses

Business Motivating Quotes

Every person aspiring to be a successful businessman or a successful entrepreneur has to remember one thing that you should keep yourself going, despite all odds. There are many definitions of success, but one thing remains constant that success comes only to those who try and fail in their efforts at first. One has to be hardworking, inspired and dedicated to the work one is into. An entrepreneur should focus on their business and has to look out for opportunities in the market to make his/her brand stand out from the rest.

However, there are times when most people think of giving up because they are tired of trying. But wisdom lies in giving yourself some break and revitalizing yourself with some positive energy.

Here are some inspirational quotes from successful people like Steve Jobs, Bill Gates, Mark Zuckerberg and others to inspire you:

  1. “Always deliver more than expected.” – Larry Page, co-founder Google
  2. “All humans are entrepreneurs not because they should start companies but because the will to create is encoded in human DNA.” – Reid Hoffman, co-founder LinkedIn
  3. “Every time you state what you want or believe, you’re the first to hear it. It’s a message to both you and others about what you think is possible. Don’t put a ceiling on yourself.” – Oprah Winfrey, media proprietor
  4. “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” – Steve Jobs, Co-founder, CEO, Chairman Apple Inc
  5. “All humans are entrepreneurs not because they should start companies but because the will to create is encoded in human DNA.” – Reid Hoffman, co-founder LinkedIn
  6. “I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.” -Jeff Bezos, founder and CEO Amazon
  7. “My biggest motivation? Just to keep challenging myself. I see life almost like one long University education that I never had — every day I’m learning something new.” -Richard Branson, founder Virgin Group

We hope these inspiring quotes will surround you with some positive energy and inspire you to keep going and trying hard to make your business successful.

Categories
Technology

Tech Startups To Get Major Boost As India and Singapore Ink Pact To Usher an Entrepreneurial Ecosystem

Tech Startups in India (Photo Credits: Pexels)

New Delhi, April 24: India and Singapore have inked a pact to boost the startup ecosystem and encourage start-ups to take advantage of the Singapore-India trade and technology corridor. Under the pact, the Singapore Indian Chamber of Commerce and Industry (SICCI) and Start-up Incubation and Innovation Centre (SIIC) of IIT-Kanpur have come together to provide a gateway of opportunities to tech-based start-ups. This would help these startups to usher a circular economy and an entrepreneurial ecosystem.

India is today the third largest start-up ecosystem in the world, with over 45,000 start-ups in various stages. In 2014, only four start-ups in India were in the Unicorn club. According to a report by PTI, the SICCI-SIIC conducted the first in a series of cross-border collaborations on Friday under a memorandum of understanding (MoU) signed on March 10, 2021.

Here’s how the pact between India and Singapore would help tech start-ups:

  1. The two institutions are collaborating to identify young, indigenous talent to provide them with an array of incubation services.
  2. A joint statement said that this one-of-its-kind association will provide start-ups in Singapore and India a competitive edge in the global market.
  3. With an array of services, both SICCI and SIIC will promote homegrown and international initiatives operating in the technology domain with mentorship and access to capital.
  4. To galvanise their efforts towards promoting indigenous innovation, SICCI-SIIC Launchpad Competition – SICCI-SIIC INNOVATION LAUNCHPAD – held a start-up pitch competition on a virtual platform.
  5. Nine pre-selected contestants – five from Singapore and four from India – pitched their ideas to the judges.

Prof Amitabha Bandyopadhyay, in-charge of Innovation and Incubation at IIT Kanpur, said that LaunchPad 2021 is the first of many upcoming endeavours that marks the beginning of an unseen era in the incubation ecosystem. “SIIC and SICCI have come together to develop a symbiotic relationship to benefit indigenous innovations in our respective countries,” he said.

“As we open our doors for their startups to explore the Indian market, and vice versa, we bring in a plethora of opportunities for all stakeholders. We are delighted to support tech-based businesses that are sustainable, ensure value-addition, and provide local employment opportunities,” he added.

Meanwhile, SICCI Chairman Dr T Chandroo said with SIIC, we plan to provide a well-deserved launchpad to our start-ups and those in India to create well-established global brands that thrive on excellence, innovation, and ingenuity. It was with this expectation that the Prime Minister of India launched the ‘Startup India’ initiative in January 2016.

 

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Startup

Startup India Seed Fund Scheme To Support Startups and Domestic Entrepreneurs; Here’s How the Scheme Would Help Businesses

startup ipo india

New Delhi, April 20: Startup India seed fund scheme would support domestic entrepreneurs and their business ideas that often cannot take off due to the absence of critical capital at an early stage, Commerce and Industry Minister Piyush Goyal on Monday said. The Startup India seed fund scheme was announced by Prime Minister Narendra Modi in January to support startups and help budding entrepreneurs pursue innovative ideas. The Minister said that good ideas often get bought out by international venture capitalists at throwaway prices.

While launching the scheme, Goyal said that the idea behind the scheme is to ensure adequate availability of funds, particularly to startups with good ideas in different fields. “I do hope that this scheme will support our domestic entrepreneurs and their business ideas that often cannot take off due to the absence of critical capital at an early stage,” Goyal added.

The scheme will be implemented from April 1, 2021. The Rs 945 crore corpus will be divided over the next four years for providing seed funding to eligible startups through eligible incubators across India.

Here’s how the Startup India seed fund scheme would benefit the startups:

  1. The scheme will secure seed funding, inspire innovation, support transformative ideas, and facilitate implementation of those ideas.
  2. Smaller towns are often deprived of adequate funding and this scheme will create a robust startup ecosystem in Tier 2 and Tier 3 regions of India.
  3. The government has constituted an Experts Advisory Committee(EAC) which will be responsible for the overall execution and monitoring of the scheme.
  4. Over 7,500 new startups are incorporated every year and it is essential to provide seed funding to startups with innovative ideas to conduct their ”Proof of Concept”.
  5. The scheme is being launched by DPIIT (Department for Promotion of Industry and Internal Trade) to support this early-stage startup funding.
  6. It would provide financial assistance to startups for Proof of Concept, prototype development, product trials, market entry and commercialization. The scheme aims to support an estimated 3,600 entrepreneurs through 300 incubators.

Reports inform that the online portal created by DPIIT for the scheme will allow incubators to apply for funds under it. Also, grants of up to Rs 5 crore shall be provided to the eligible incubators selected by the EAC. The selected incubators would provide grants of up to Rs 20 lakh for validation of Proof of Concept, or prototype development, or product trials to startups. According to eports, an investments of up to Rs 50 lakh will be provided to the startups for market entry, commercialization, or scaling up through convertible debentures or debt-linked instruments.

 

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Business motivation

11 Must-Read Books To Inspire Every Entrepreneur in 2021

Books (Photo Credits: Pexels)

Being an entrepreneur is a tough job and it gets even tougher if you are not as experienced as others. Your knowledge about the business might not be at the same level as those who have been in the field for twenty years. No need to worry, if you have a high teachability then you will be fine.

One of the best ways to obtain knowledge is through reading. New books are published every minute that will help you grow in business and in life in order to become a successful entrepreneur. Here are a few books that will prepare you for the future.

  1. How to Win Friends and Influence People by Dale Carnegie
  2. The Startup of You: Adapt to the Future, Invest in Yourself, and Transform Your Career by Reid Hoffman
  3. Who Moved My Cheese? An Amazing Way to Deal with Change in Your Work and in Your Life by Spencer Johnson
  4. Solving the People Problem: Essential Skills You Need to Lead and Succeed in Today’s Workplace by Brett M. Cooper and Evans Kerrigan
  5. Crawl, Walk, Run: Advancing Analytics Maturity with Google Marketing Platform by Michael Loban and Alex Yastrebenetsky
  6. Own Your Career, Own Your Life: Stop Drifting and Take Control of Your Future by Andy Storch
  7. Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter
  8. Courage to Lose Sight of Shore: How to Partner with Private Equity to Grow Your Business with Confidence by Kelley W. Powell
  9. Business Model Generation by Alexander Osterwalder
  10. My Philosophy for Successful Living by Jim Rohn
  11. The Hard Thing About Hard Things by Ben Horowitz

Every entrepreneur’s journey will have different challenges, but learning from someone else’s experiences never hurts. Take your time to read these books and learn about your next big step.

Categories
Business motivation Startup

5 Surprising Myths about Entrepreneurs that need to be busted!

Do you have what it takes to be an entrepreneur?

If you will ask any entrepreneur who has built a startup, he or she will tell you that starting a company is just like having a baby. The slight line between the two is very sleek. And just like parenthood, entrepreneurship is not for the faint-hearted. It is emotionally draining, physically, and spiritually tough.

Starting a business requires courage to take risks, patience to face the worse, and confidence to manage everything with panache. That being said there are plenty of ideas, notions, assumptions, beliefs, and most common myths that surround entrepreneurs.

Some of them might inspire a lot of you; while some of them might prove to discourage you to start your own business. However, these myths are far from true and superficial too.

Here is a list of all 5 common misconceptions about entrepreneurship that we will go through and debunk to present the truth behind them. If you are on the fence about building a startup, take a look at these myths getting debunked:

MYTH 1- Entrepreneurs Lack Personal Life

Lots of people believe that entrepreneurs work 24 hours a day, 365 days a year. Though entrepreneurship can take grueling working hours and commitment, it is not true that entrepreneurs do not have a personal life.

Part of being your boss means you can schedule your working hours and can take time off whenever you want. Certainly, this does not mean that you can take off whenever you don`t feel like coming to work, it simply means that you can attain a cordial work-life balance.

Also, one of the key skills to become a successful entrepreneur is to acquire brilliant time management skills. So, if you can establish a proper work routine, you won`t have trouble finding free time.

MYTH 2- Wait for the Right Time

A common misbelief where people believe that they should wait for the right time to launch a business can prove costly. Perhaps, this could be one of the reasons, why most of the excellent projects never see the light of the day. The truth is that there never really is a “right” time. Most people never feel fully ready.

The secret behind the success of few entrepreneurs is that prepare themselves for the future by taking small steps. You can take all the time in the world to plan, build and then put it off for years, but if you don`t execute it, you are not going to go anywhere.

If you wait for the right moment, you will keep waiting forever. There is not a set date or an alarm that will go off announcing, “Today is the day!” The sooner you begin, the sooner you will get closer to a sustainable and profitable business.

MYTH 3- You need to Know Everything Before Taking the Leap

In the bestselling book, Rookie Smarts, author Liz Wiseman asks the million-dollar question- Is it possible that we can be at our best despite being under-qualified or trying something for the first time? The answer is yes- with the right, focused, and a positive mindset.

Being new, curious, and somewhat naïve is an asset in today`s dynamic world. Sounds strange, right? However, there is a logical reason behind it. To be successful at anything new requires energy, innovation, creativity, and the ability to step outside your comfort zone.  It`s often not what you know, but how fast you can learn is that counts.

MYTH 4- Entrepreneurs take a lot of Risks

Entrepreneurs do take risks! However, this doesn’t necessarily mean that they put themselves in a high-risk situation. Entrepreneurship is generally considered a risky proposition and many risks are associated with your business. However, contrary to popular belief, entrepreneurs smartly plan their every step to reduce risk.

They follow a calculated learning and experimentation process, actively taking steps to mitigate risk early and continuously.

MYTH 5- Entrepreneurs are only Driven by Money

Would entrepreneurs start a business in which they can`t make huge profits? Never! However, there is more to it. Generating revenue is not the only motivation for small business owners. It is not even first on their list. Following their lifelong dream and achieving their passion is the main motivation for entrepreneurs.

Then, comes financial stability. It does not mean that you are buying Ferraris. Being financially stable simply means that you are living a comfortable life and able to make ends meet. Money is a motivator, but not as important to entrepreneurs as people assume.

Dreams and ideas are two fundamentals, but also you will have to believe that it`s possible to achieve them. More and more men and women are starting a business. Everyone can get the skillset and mind of an entrepreneur. But to be a successful entrepreneur passion, confidence and the willingness to never give up are the most essential.

Want to be a successful entrepreneur? Click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

 

 

 

 

 

 

 

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.

 

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Business motivation Startup Strategy

5 Powerful Fundamentals every Entrepreneur must know for growing Startup!

Startup Tips

Starting your own business can be very exciting. A young mind, which is full of aspirations and creative ideas willing to give everything that it needs to turn a dream into reality, knows no limits. But just like there is no shorter way to success, every successful entrepreneur will tell you that the journey to success is daunting!

No matter what the nature of the business is, there are fundamentals that every entrepreneur must be aware of to keep their business thriving. Doing multiple things at the same time and without having a solid business background, being in charge of a lot of things can feel overwhelming.

Understanding how to read a balance sheet and a financial statement is just as vital as it is to understand how to make, launch and market the product or offer an A-class customer service.

Here are five fundamentals that you must know to grow your business startup:

1. Build & Grow Network

Networking is one of the most crucial factors that can help a business to grow immensely. Topping the list, every entrepreneur must focus on building an online and offline network. Building an online network with some of the most important key influencers is a really powerful thing to do. This can lead to people sharing your brand with others.

If you don`t have a large circle, go out and meet new people to build meaningful connections. Create a profile on social media and be socially active with influential people. Follow their blogs, leave comments on their social network profiles.

Engaging with influential people on social media can bring you to their notice. This can further help you in growing up your business because you never know on which door opportunities will knock.

2. Avoid Rushing

Business expansion is on every entrepreneur`s mind. However, rushing to do a lot of things in a very short time can result in a disaster. If your business is in the early stages then do not try to market your product or service to everyone. Target a small niche of consumers first, and then focus on reaching out to a wider audience. Here is a very informative video that will tell you how you can scale-up your business. Watch it here: https://www.youtube.com/watch?v=LxTCBzr9q-k&t=76s

3. Cash Flow

Budgeting is the first step that will take you on a successful entrepreneurial journey. Understanding the concept of cash flow projection is a vital step. You must be well acquainted with information like how much money your startup can expect to earn. How much profit will be generated, and how much fund will be required to continue day-to-day operations. It is essential to set realistic goals and take a cold, hard, fact-based look at what you can reasonably expect in the future from your business.

Have a basic understanding of financing and fundraising options that include angel investors, venture capital, self-funding, crowdfunding, loans, grants, and more.

4. The Regulatory & Legal Framework

Every business requires certain financial, economic, and legal frameworks in India. Adhering to all the regulatory and legal requirements is required to smooth the working of your business. Some of the legal aspects that your business must include are:

a).Business structure (corporation, partnership, and sole proprietorship).

b).Business name (copyright issues).

c).Tax IDs

d).Permits & Licenses

Understanding the legalities also means managing your rights and maintaining the right to do business. Also, insurance is crucial to any business as the future is uncertain. Having insurance is essential to growing a business at any stage of development.

5. Marketing Strategies

Last but far from least, having deep marketing knowledge is a must-know thing for every entrepreneur. Marketing is essential for the growth and profit of any business.

For instance, you have created an amazing product. It can change the lives of your customers, but your customers are not aware that your product exists in the market. Would it be beneficial for your business or your customer? Not exactly! Hence, you will have to invest a considerable amount of time into marketing.

Also, people do not like to make purchasing decisions impulsively. They need to be persuaded, coaxed, and reassured. That`s what a good marketing strategy does. You will need to understand your customers and their buying behavior to sell your product or services in the market.

These were some of the best tips that every entrepreneur must keep in their mind that will help you to scale up your startup business. Put these to use and with your determination and perseverance, you will see some excellent results.

For more such tips and in-depth knowledge to scale up your business, you can join our ‘Everything about Entrepreneurship’ course. To know more about this course, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Categories
Technology

Want To Grow Your Business on Instagram? Here Are 4 Tips That Every Entrepreneur Should Know

Instragram (Photo Credits: Unsplash)

Instagram can be a boon to anyone wanting to promote their business. An entrepreneur can easily target the audience with the use of this image and video-sharing social networking service. With a massive user base, Instagram can be a profitable platform for marketing activities for anyone wanting to kick off their businesses. On the app, you can use images and videos that are appealing that have the potential to lure customers.

Putting Instagram into use, a businessman can always help position the brand and increase its credibility online. The app has all those features to bring out the best show of your products as compared to other social media channels.  You can click and share the picture of your product, you can make reels of them and you can also make videos for better effect and result. If you are looking for some Instagram marketing tips for entrepreneurs, we’ve got you covered here.

Here are 4 Instagram marketing tips for entrepreneurs:

  1. Make your hashtag game strong

Be aware as to which hashtags are trending on Instagram. Use a variation of hashtags and geotags that are popular with users. If you use the hashtags that popular with the audience, chances are that your products may hit the ranking and would be at the top, thus helping it reach the maximum number of people.

  1. Have a catchy and crisp bio with a link where you want to direct your audience

Having a catchy bio can help the users land on a page you want them to. You will be able to tap the right set of audiences if you mention the details of your products and give a gist of it in the Instagram bio.

  1. Use quotes from experts

While you post on Instagram, one trick that you can use is to use quotes in your posts from experts and famous personalities from the business that you are in. That way, chances of your post appearing in the trends are more likely. You can also use a watermark on the images with your logo. Posts, reels, and videos with quotes by famous personalities have a high interaction rate on Instagram.

  •  Use Instagram live

One thing you should keep in mind is interaction with the customers. You can use the Instagram live option to give tips, talk about your products to people and take their feedback. Using the Instagram live option, you can take your customers along with you wherever you go, to any events and conferences. This will give you an edge over others when you find new ways to go live and engage with your audience.

Categories
Business Startup Ideas E-Commerce Startup

How to Start Toys Manufacturing Business in India in 5 Steps!

Toys are an integral part of our childhood. Popular among babies, kids, teens, and even adults, everyone loves toys. Toys not only entertain children but also help them to develop the horizon of their imagination, dexterity, and more.

According to National Investment Promotion & Facilitation Agency, ‘the toy industry in India is estimated to be $1.5 billion, which is around 0.5% global market share. The Indian toys industry is also estimated to grow to $2-3 billion by 2024’.

The report also stated, ‘the demand for the toys will increase by 1.2 times in Tier II and Tier III cities by 2025’.

The toy manufacturers in India are mainly located in Karnataka, Maharashtra, Tamil Nadu, NCR, and across central Indian states. The sector has 4,000 toy industry units from the MSME sector.

Last year in August 2020, Prime Minister Narendra Modi also urged the young entrepreneurs to focus on bringing innovation in the toy sector as the Indian toy market has huge potential.

The Prime Minister also suggested that the start-ups should come up with creative designs and innovative toys that can instill a sense of pride and can help our domestic toy makers.

Apart from the domestic market, the toy manufacturing business also has potential in foreign trade.

Recently, the Swedish furniture maker IKEA announced to upscale the sourcing of toys from India on March 1, 2021. IKEA has a range of over 1,000 products as part of its kid`s range and is planning to expand its operations by sourcing toys in New Delhi.

Starting a toy manufacturing business is a brilliant low investment business idea. Here are 5 steps in which you can kick start toys manufacturing business startup in India:

1. Research your market

Whether you are planning to start a café or toys manufacturing business, it is essential to do market research. Having adequate and well-researched information will help you to create a business model. You will not only learn about your competitors but also about your target audience.

Hence, before starting a toy manufacturing business in India spend months researching to gather as much information as you can about this business.

2. Bring Innovation!

The toy manufacturing business does not need a huge investment to start it. However, there is one thing that you should have to succeed in the market- creativity!

Try to design unique toys and their exceptional designs will make you stand out from the rest of the toys manufacturer. Toy businesses in India are fast-paced, which means that the market will keep evolving. Your customers will want different things in a very short time. So, it is very important to be creative to meet the demands of your customers.

3. Find your Niche

The toy manufacturing business in India is booming with plenty of opportunities and competition at the same time. If you want to start a toy manufacturing business, you need to know what it takes to succeed in your niche market. Whether you want to manufacture soft toys or you would also like to venture into the market of electronic toys, you must make a decision.

Finding a niche market not only allows you to find your target customers but also gives in-depth knowledge to cater to their needs and preferences.

4. Raw Materials

The process of manufacturing toys is easy and simple. You will need basic raw materials that include pattern, fabric cutting, mold making, fiber for stuffing, sewing machine, eyes, and nose pinching.

However, if you want to venture into the manufacturing of electronic toys then you will need a toy manufacturing machine and raw material. Along with it, you will also need to hire a staff.

5. Toys manufacturing machine

If you only want to manufacture stuff toys, you will need raw materials of premium quality and a sewing machine. But, if you want to set up a manufacturing unit, you will need to secure a space first. Finally, you will need to install the toys making machinery. Some of the most vital machines and equipment are:

  • Digital Multimeter
  • Temp controlled
  • Drilling machine
  • LCR meter
  • Analog meter
  • Tool kit
  • Electronic screwdriver
  • Combined soldering desoldering station
  • High-speed mini drill set
  • Digital storage Oscilloscope
  • Tools, equipment, and dies, etc.

You will also have to obtain a fire protection system to protect your unit from fire. The initial investment might take around INR 2,00,000 to 5,00,000 if you want to start a toy store in India.

The toy manufacturing business in India has potential in the domestic as well as the international market. The main driving factor behind its growing popularity is the increased demand for quality and luxury goods.

Are you thinking about setting up your own toy manufacturing business in India? With our ‘Everything about Entrepreneurship’ course you will not only learn how to start a startup but also how to make it successful.

Join Free orientation Session-Dr Vivek Bindra

Categories
Powerful Personalities

International Women’s Day 2021: Take a Look at Top 3 Famous Women Entrepreneurs in India

Savitri Jindal, Falguni Nayar, Kiran Mazumdar-Shaw (Photo Credits: Facebook, Wikimedia Commons)

Every year March 8 is celebrated as International Women’s Day (IWD). The day recognizes the social, economic, cultural, and political achievements of women. First observed in 1911, the IWD also raises awareness about women’s equality and lobby for accelerated gender parity.

The theme of IWD 2021 is Let’s all choose to challenge. “We can all choose to challenge and call out gender bias and inequality. We can all choose to seek out and celebrate women‘s achievements. Collectively, we can all help create an inclusive world. From challenge comes change, so let’s all choose to challenge,” according to the official IWD website. On IWD 2021, here are the top 4 businesswomen in India who inspire me and others around the world.

Savitri Jindal

Savitri Jindal is the chairperson of Jindal Group. Considered as one of India’s leading conglomerates, the company is a leading player in the steel, power cement, oil, and infrastructure industries. The 70-year-old took charge of the company after her husband and founder of the Jindal Group, Om Prakash Jindal died in a helicopter crash in 2005. Under her leadership, the company is touching new heights.

Falguni Nayar

Falguni Nayar, a former investment banker with Kotak Mahindra, founded Nykaa in 2012. With her hard work and dedication, Nykaa has become one of the leading online cosmetic and wellness company in India. The lifestyle retailer offers over 850 brands and has more than 30 physical stores. In 2017, Nayar got the title of “Most powerful business” by Business Today.

Kiran Mazumdar-Shaw

Kiran Mazumdar-Shaw, the billionaire chairperson and managing director of Biocon Limited, is a self-made businesswoman. She calls herself an accidental entrepreneur. Creating a biopharmaceutical company in 1978, her net worth is $4.6 billion (September 2020).