Tag: Entrepreneurs

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Finance Startup

5 Common Mistakes Entrepreneurs Should Avoid When Raising Funds

5 Common Mistakes Entrepreneurs Should Avoid When Raising Funds
5 Common Mistakes Entrepreneurs Should Avoid When Raising Funds

Summary: A startup`s fundraising efforts depend on its ability to make itself and its business ideas appealing.  Here are five common mistakes every entrepreneur must avoid.

According to a report by IBM Institute for Business Value & Oxford Economics, over 90% of Indian startups fail miserably within 5 years of inception.

Starting a business is a pricey process. From hosting a website to hiring the right people, everything can quickly add up to the cost of the company. So unless you are independently wealthy or able to monetize right away, you will need large funds to foot the bills.

However, it does not mean that you should start rushing to people and start asking them for money to raise funds for your startup business. Before you think about raising funds, stop and consider the best way to raise money sustainably for your business. You can also hire a business coach to help you raise funds.

To ensure that your startup runs smoothly, we have listed out a list of fundraising mistakes that every entrepreneur must avoid:

1. Raising Capital too Early

When you have invested your own money in your business, you can stop the project anytime. But once you borrow money from investors, you will feel intensified pressure to make your business a huge success. You will have to give away a lot of equity in your company if you go this route. Hence, try to bootstrap your business and try to use existing resources to avoid the extra pressure.

2. Not Seeking Professional Advice

Entrepreneurs are often independent and self-sufficient. Hence, they often try to overcome any obstacle on their come that comes their way. While this conquering spirit is part of what makes entrepreneurs great, it can also be a fault. When raising funds for your startup, it’s critically important to seek the advice of professionals to better understand your funding needs and requirements. Consulting a business coach with real valuation experience can help you save your time and money on the wrong decisions down the road.

3. Not Raising Enough Funds

Some entrepreneurs ask for less funding than they require. It is the biggest fundraising mistake that can lead to the shutdown of the startup. Always ask for the amount by keeping your financial requirement as realistic as possible. Don`t worry about scaring investors by asking for the amount of money you will require for your business. To know step by step process of fund raising, watch here:

4. Lack of Clear Objectives

Having a clear goal in mind is essential to raise capital investment. Figuring out how much money you need to reach your next milestone is essential. From operational costs to essential professional services, determine how much capital you need. Not having a clear idea is another mistake that every entrepreneur must avoid.

5. Giving up too Much of the Company

One of the worst fundraising mistakes that entrepreneurs can make is giving up too much ownership of the company. While a deal that includes a good portion of your company might seem appealing, you could end up paying a much higher cost down the road.

Try to keep ownership within the company. Find out ways to raise or access funds which are more feasible.

Also, don’t forget to build and create relationships as you may come across people who can help you with investment. If you don’t know where to begin, start by making a list of businesses that intrigue you. You can use tools such as AngelList and Crunchbase to get a sense of the investors behind each project. You can also hire a business coach who can help you with networking.

These mistakes might appear small, however, if you want to successfully run your business, avoid falling into the trap of repeating these costly mistakes. Want to know the fundamental rules of fundraising?

Take our ‘Problem Solving Courses’ and gain in-depth knowledge about raising funds. To know more, visit: https://www.badabusiness.com/psc

Categories
Motivational

Meet 3 Successful Indian Entrepreneurs Who Followed Their Hearts & Succeeded!

Meet 3 Successful Indian Entrepreneurs Who Followed Their Hearts & Succeeded!
Meet 3 Successful Indian Entrepreneurs Who Followed Their Hearts & Succeeded!

Summary: A goal without a plan is just a wish! Meet three entrepreneurs from India who achieved their goals with a plan and succeeded.

Many people wish to achieve great heights of success but lack a plan of action. The truth is that a goal without a plan is just a wish and wishes seldom come true. One has to work hard to achieve what one truly desires. Thousands of people want to become entrepreneurs. But only a few succeed in becoming one. A true entrepreneur is a doer, not just a dreamer.

An entrepreneur is someone who constantly tries to create opportunities that may not have existed in the first place. They build everything from scratch and today we see them living the life they have always dreamed about in their respective arena. They do not shy away from accepting their mistakes and learning from them and openly hire a business coach to guide them when they seek help.

Today, we are going to talk about three entrepreneurs who with their sheer hard work and determination have established themselves as reputed business personalities:

1. Puneet Gupta- Astrotalk

Puneet Gupta is the founder and CEO of one of the most trusted Astrological predictions apps- Astrotalk. Thanks to his unique business model, now people can connect with verified astrologers on this app. This platform offers free consultation services to first-time users and lists some of the best astrologers who provide consultation services over chat and audio calls.

Hailing from Delhi, Puneet’s Astrotalk was launched as a result of an astrological prediction. After completing his engineering, Puneet like most young graduates was clueless about his career goals. In 2015, Puneet was working as an IT engineer in Mumbai but wanted to quit his job. However, he wasn’t ready to take the risks. It was then that one of his friends helped him with an astrology prediction. He was guided by an astrologer to build a successful business. He laughed it off at that time, but today his startup Astrotalk is planning to expand its operations.

Puneet believes in following the business mantra ‘Talk to Your Customers’ which proved to be the reason behind his big success and made him a millionaire at such a young age.

2. Mukka Obul Reddy- Honeyy Group

From working as a door-to-door salesperson to establishing his dream organization, Mr. Reddy has proved that determination and hard work pay off. The Chairman and Managing Director of a real estate and construction company- Honeyy Group, Mr. Mukka Obul are not only known to be a visionary, but also a humble person. He provides free education and healthcare benefits to ensure complete support to his employees and their families.

Honeyy Group currently has more than five hundred employees and manages more than 100 projects under its umbrella. The company follows the policy of making housing affordable for the common man while keeping up with the latest trends and technology in the market.

3. Anirban Bhattacharya- The Rank Company

A graduate of Calcutta University in English Language and Literature, Anirban after completing his MBA worked as an internet market associate. Later, he also worked as a digital marketing and freelance content writer. Anirban who was always keen to explore the rewarding field of entrepreneurship worked as the Operations Manager at Google Spider.

Anirban with more than ten years of experience in the marketing and advertising industry started The Rank Company. His firm offers a one-stop solution for the digital marketing requirements of every business. His firm offers job opportunities exclusively to people who were laid off during the pandemic.

Today, he has a team of more than two hundred content writers and SEO specialists along with fifteen on-roll employees, who lost their jobs during the pandemic. Anirban’s company offers its services to more than ninety start-up businesses and provides a working environment full of opportunities for the young guns of India.

If you have a dream of starting your venture, do not wait anymore. Start working on your idea and come out with an action plan. If you need guidance, you can also hire a business mentor for support. 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
Motivation & Mind Control

5 Effective Tips For Entrepreneurs To Handle Stress

5 Effective Tips For Entrepreneurs To Handle Stress
5 Effective Tips For Entrepreneurs To Handle Stress

Summary: Chronic stress, as much as we don’t want it, has become an integral part of our modern-day lifestyle.

In today’s era, stress has become an unwanted part of our lives. From students to entrepreneurs, employees to employers, job seekers to housewives, everyone seems to be stressed out these days. Where stress can act as a catalyst and compel us to perform our best, most of the time it harms our physical and mental health.

There are many leaders and business owners who wear burnout, working weekdays, and overworked minds as a badge of honor. This is the reason why most employees today don’t feel in control; rather, they feel beholden to the demands of their employer.  Many successful motivational speakers advocate for work-life balance but seldom do they follow it on their own.

Many entrepreneurs worry about their business especially when it is going through tough times. And because business owners must ensure that both their employees and the organization overall are well taken care of, they worry about whether they’ll have enough left over at the end of the month to cover payroll and operating expenses.

While some financial stress is inevitable, it doesn’t have to be an all-encompassing, omnipresent concern. Here are 5 effective ways in which entrepreneurs can better cope with stress and enjoy their business journey:

1. Utilize the Power of Now

Stress is multidimensional. Staying present and incorporating the power of now is the only way to bypass any stress, especially stress related to finance. Only focus on the present and stop worrying about the future. Tell yourself “anything is possible.” Look around and you will find ideas, suggestions, and solutions to any challenge that you are facing. You can also take help from a business coach if you are seeking professional guidance.

2. Empower Your Teams

Many believe that being an entrepreneur means bearing the brunt all alone. However, you don’t have to bear the responsibility of ensuring the smooth operations of your business all alone. You can empower your team so that they can contribute to achieving your organizational goal. One way this can be done is by showing them how their jobs directly affect the bottom line. This will make them more efficient, effective, and creative, which will increase revenue and ensure the employees and your business is well taken care of.

3. Collaborate with Business Mentors

A lot of times help from professionals can add valuable insights to the potential stresses ahead. There is safety in the counsel of business mentors. Along with providing roadmaps to avoid various business challenges, a mentor can also be a pillar of excellence.

4. Keep a Tab On Financial Statement

One of the major concerns for every entrepreneur is their financial statement. Reduce financial stress by knowing your numbers. Some key numbers include monthly and annual profit and loss, balance sheet, monthly cost to operate, annual forecast, accounts payable, accounts receivable, number of proposals, number of clients, win rate on proposals, and customer acquisition costs.

5. Have an Adequate Safety Net

Always ensure you have adequate safety in terms of savings as it can go a long way in handling financial stress. We all understand the drive to put your money to work, but the ease of mind a safety net can bring often outweighs the value investing that money could bring. By lowering your financial stress levels, you’ll start working more effectively and making long-term plans.

As entrepreneurs, it’s easy to fall into the trap of treating every day financial issues like existential ones. That’s why you can use mindfulness exercises and meditation to see problems from the outside. Do not forget to exercise regularly to regulate your body’s response to stress.

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 this program, visit: www.badabusiness.com

Categories
Motivational

5 Leadership Lessons By M.S Dhoni For Success!

5 Leadership Lessons By M.S Dhoni For Success
5 Leadership Lessons By M.S Dhoni For Success

Mahendra Singh Dhoni is one of the most brilliant captains in Indian cricket history. An outstanding batsman, an excellent wicket-keeper, and a powerful leader- “the captain cool” is famous not only for his calm and composed demeanor, but also for his power-packed batting style. When Virat Kohli was selected to lead the national cricket team of India, he made it clear that replacing Dhoni was not an easy task because Dhoni has left a remarkable legacy as a captain.

He has developed an extraordinary reputation for being one of the greatest leaders that the game of cricket has ever seen. He has shown that leadership is not just about passing out orders, but a sheer willingness to make tough decisions and go out of the way to achieve your designated goals.

Not just an extraordinary captain and leader, Dhoni also swiped many awards and bagged several records including the most wins by an Indian captain in Tests and One Day Internationals.

India won the 2007 International Cricket Council (ICC) World Twenty20, the Commonwealth Bank Series of 2007–08, the 2010 Asia Cup, the 2011 ICC Cricket World Cup, and the 2013 ICC Champions Trophy under his captaincy.

His list of achievements is so long that we can write a book on that. But there is one amazing trait of our former Indian captain that deserves special mention is his leadership skills.

M.S. Dhoni has an arsenal of leadership skills that entrepreneurs can certainly apply both personally and professionally. Here are five incredible leadership traits that are a useful template for business captains too:

1. Stay Confident & Grounded

Confidence is the key to success and M.S Dhoni is the best example of that. Even though he comes from a very modest background, he never let that hold him back from achieving his dreams. On the field or off the field, Dhoni is always confident and forthright and often surprises his fans, audience, and media with his witty comments.

Staying true to yourself will not just take you aheadin the sporting world, but also in the corporate as well as the business world.

2. Stay Cool & Composed

M.S. Dhoni has earned the title of “Captain Cool” due to his calm and composed demeanor on the field even during nail-biting moments. Even when severely tested, he manages to not lose his temper which used to influence the entire team to resist caving in. He kept inspiring the team like the best motivational speaker to perform at par no matter what the situation is.

This is one of the most crucial leadership skills for entrepreneurs to keep calm and not give up when the situation is not in their favor.

3. Don’t Let Success Get Over Your Head

Dhoni received fame, name, and wealth at the very initial stage of his career. But he was and still is, humble and modest. He did not let the success get over his head while maintaining a steady path.

We often see that entrepreneurs who gain success too early often lose their focus and balance. They are unable to maintain the poise that is required for the business’s success in the long run.

4. Don’t Lose Focus

To remain focused on your goals amidst all the criticism is no child’s play. But Dhoni showcased his indomitable spirit of remaining focused on what is important during the Champions Trophy amidst the controversy that surrounded the Indian Premier League.

An ability to cut through the clutter, distraction, and negative energy is one of the best marks of a strong leader in every situation. If you want to become a powerful leader, you can hire one of the best leadership speakers in India– Dr. Vivek Bindra.

5. Handling Failure

Handling failure is as important as handling success. And no one has ever done it better than the former Indian captain M.S Dhoni himself. In the 2011 World Cup, Dhoni and his team were performing spectacularly but then suffered a string of losses. However, the captain cool fought back by showcasing a world-class game of cricket combined with his high spirits.

Ups and downs are part of an entrepreneurial journey. Businesses tend to suffer some degree of failure at some point or the other. But, if you want to be successful, you will have to have the courage and strength to bounce back without losing faith in your dreams.

Entrepreneurs should feel safe to experiment and fail if they need to. Managers must also come to terms with the fact that no organization or department can achieve its goals without its respective team members.

M.S Dhoni is known not only for his famous ‘helicopter shot’ and his excellent class of game but also for his unmatched leadership skills and team spirit. Young entrepreneurs can learn big lessons from him about how resilience and focus can help their businesses to grow.

To gain in-depth knowledge about building a startup from the scratch, join our Business Coaching Program. To know more, click here: https://www.badabusiness.com/

Categories
Business motivation

5 Low-Investment Business Ideas For Small Towns & Cities In India

5 Low-Investment Business Ideas For Small Towns & Cities In India
5 Low-Investment Business Ideas For Small Towns & Cities In India

With 70% of the Indian population residing in tier II, tier III cities and small towns, small business ideas in these regions are the need of the hour. This also offers multiple opportunities for new-age entrepreneurs. The government is also promoting the idea of ‘Atmanirbhar Bharat’, which encourages the young guns of India to take a risk and become assertive in their approach.

Most of the businesses in these areas are directly or indirectly dependent on agriculture. Thus, it gives lots of opportunities to start new businesses in these areas.

‘Success may come to the first movers, but success stays with the fast movers’, says Dr. Vivek Bindra- the best business coach in India. So if starting your own business is your absolute dream, here is a list of small business ideas that you can explore in the small town:

For young entrepreneurs who are passionate about making their mark, here is a list of low-cost business ideas:

1. Retail Stores

If you will look closely, you will notice that many popular brands are making their way to the rural areas of India. While the market in the big cities has reached its saturation point, in small towns it is still at a development stage. Though the majority of the population is residing in rural India, there is a lack of retail outlets that are well-planned and cater to the different needs of the customers. One such option is to open a Kirana store. A very feasible option, Kirana stores are never out of demand.

2. Flour Mill

Opening a flour mill is another low-investment business idea that can be started with minimum investment. A flour mill can be beneficial in a small town as there is an adequate supply of the raw materials like grains, cereals, oats, barley, sorghum, and spices like turmeric, and chilli etc.

Once your business begins to flourish, you can also supply the products to nearby cities and towns at a good profit. It is a good business opportunity and requires limited money. It also requires a good electrical connection to start and run the business. To expand your business operations, you can watch great informative videos by Dr. Vivek Bindra- the best business motivational speaker in India.

3. Become a Translator

Love learning new languages? Then becoming a translator is an excellent business idea for young and aspiring entrepreneurs in India. Various companies in the country are looking to expand their reach globally. They are willing to pay people who can speak foreign languages like Japanese, Chinese, German and Spanish.

So if you are interested in learning a foreign language, you can make good money from this by offering your translation services to individuals as well as companies.

4. Fitness Guru

Today, people are becoming health conscious more than ever. Thanks to our unhealthy lifestyle and hectic work schedules, more and more millennials are turning towards fitness trainers for good health.

If you are crazy about physical fitness, you too can become a fitness trainer. There are many certification courses available as well. You can set-up a gym and become a qualified fitness guru.

5. Online Tutor

With BYJU`s joining the Unicorn Club in 2020, online education has become a popular thing. If you have proficient knowledge about a certain subject, why not use it constructively? Due to the pandemic, many students are looking for a subject matter expert to help them in their studies. Becoming an online tutor is an excellent business idea that is profitable and involves no risk. Your subject knowledge can help you earn handsome money.

If 9 to 5 desk jobs do not excite you, fuel your entrepreneurial skills with any business idea that has good prospects. Keep your target audience in mind and research well before making any decision. However, with proper guidance and expert knowledge, you can reach your goal quickly.

What does it take to become India`s no. 1 entrepreneur? Deep insights of great mentors who are ready to help you throughout your journey! And our Business Coaching Program that provides you exactly what you require to make it successful. Why not connect with us for more information?

Take the first step towards your brighter future, by clicking here: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

Categories
Business motivation

5 Simple Self-Care Tips For Entrepreneurs To Boost Productivity

5 Simple Self-Care Tips For Entrepreneurs To Boost Productivity
5 Simple Self-Care Tips For Entrepreneurs To Boost Productivity

Summary: Improving your habits can significantly increase your chances of success. It’s time to take a radical approach towards self-care.

Being an entrepreneur can be exciting, financially advantageous, passion-driven and personally fulfilling. It can also be exhausting, stressful and emotionally taxing as each day comes with various business challenges to navigate. In the absence of a business coach and a solid self-care plan, an entrepreneur’s vision can become skewed, making their goals harder to reach.

Entrepreneurs grapple with loads of stress than most people and can quickly get overwhelmed. They often prioritize burning the candle at both ends over caring for themselves. Hence, this often results in burnout and reduced productivity in the long run.

If you are an entrepreneur, solopreneur or even someone who is experiencing burnout lately, here are some great self-care habits to develop that will boost your efficiency and productivity:

1. Nourish Your Body

Entrepreneurs often tend to stay up late to make their dreams a reality. This could easily lead to overwork and overeating. To run a business successfully, one needs energy and stamina. To build that energy and stamina you need to start fuelling your body with nutritious food, rest and exercise. Hence, focusing on a balanced diet will make all the difference. Along with eating a nutritious diet, hydrating yourself is also important. So don’t forget to keep a jug at your desk!

2. Take Adequate Sleep

As we mentioned, entrepreneurs are famous for trading sleep with idea creation and business building. However, an average adult should get 7 hours of sleep every night and make it a common goal. Having a consistent bedtime and a sleep schedule will ultimately boost productivity, allow for more spaciousness in mind for creativity and benefit overall health.

The mentality of checking “just one more email” or “hustle-mode” can often mean that your rest is compromised. Once you develop a regular sleep cycle, you also know how much sleep you need. Resting isn’t at all difficult — it’s giving ourselves the permission to rest that is difficult. So, ensure that you get an adequate amount of sleep.

3. Set Boundaries at Work

We all have heard about boundaries. But very few understand the concept of establishing them at a workplace. When building your business, it is very easy to be tempted to take calls, reply to one more email, and be consistently available at all hours of the day. However, this can mean interrupted sleep patterns, fatigue and poor choices in nutrition. Communicating your set working hours to clients and the time during which you are “available for calls” is an essential cornerstone for your success.

4. Take Regular Breaks

Staying glued to the screens of your laptop can reduce your productivity and efficiency. Hence, taking regular breaks between handling your projects and the clients is essential. Even if you have to force yourself away from your work, make it a priority to take small breaks, when possible, even if it’s just to sit outside and enjoy a nice day.

5. Learn the ‘Art-of-Delegation’

Saying ‘NO’ and knowing what work is better delegated is an integral part of self-care. We often have set parameters and expectations of how a certain thing should be. But the more you allow yourself to be open to results instead of the process, the more you bring to the table.

Self-care is a subjective term. It does not have a fixed definition. It is rather a very vast term that keeps on evolving constantly. For some it might be taking a spa treatment, while for someone it could be reading a book or taking a nature walk.

However, in a broader spectrum self-care can include any action that helps a person refocus, rest and recharge. Activities such as yoga, meditation, athletics, artistic pursuits and even time out with friends could be included under the self-care banner. Building and scaling a business is a formidable challenge. Those well-rested, well-nourished and focused on the importance of wellness are well suited to face the challenges head-on.

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: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

Categories
Process & Business Expansion

5 Management Tips That Will Make Entrepreneurs Highly Productive!

5 Management Tips That Will Make Entrepreneurs Highly Productive!
5 Management Tips That Will Make Entrepreneurs Highly Productive!

Summary: Being able to launch, execute, grow and scale a startup business is an intellectual exercise that involves a lot of backstage activities and incredible time management.

Entrepreneurship is a state of mind that demands many personal and professional traits. Scaling a business is an intellectual exercise that involves networking, planning, research, marketing, sales, business strategy, and several related activities.

As a result, entrepreneurs have to juggle multiple tasks like attending events, meeting investors, taking care of business operations, hopping on calls and being extra careful with every decision for their business endeavor. All this can lead to a critical state of burnout- a situation of complete mental and physical exhaustion.

Experienced freelancers, business coaches, entrepreneurs, and successful business owners manage to finish their tasks on time because of their perfect time management skills. Time management techniques and strategies help them to prioritize their important tasks on a daily basis.

Time management is a process of organizing; planning and strategically controlling the time you spend on specific tasks. When done effectively, it enables you to get more work done in less time.

Here are the top 5 time management tips for entrepreneurs to increase their peak performance and productivity:

1. Find Your Golden Time

Are you an early bird, a night owl, or somewhere in between? Do you know during what time of the day you feel you are most productive? Time management is not just about managing 24 hours a day. It is also about understanding how and when you function best. You can schedule your most important tasks according to your productive window of time and set up your day in harmony.

2. Use Covey Time Management Matrix

Created by the author of The Seven Habits of Highly Effective People- Steven Covey, this time management model is quite effective and used by many business coaches across the world. This model is based on four simple quadrants:

  1.   Urgent and important tasks
  2.   Not urgent, but important tasks
  3.   Urgent but no important tasks
  4.   Not urgent and not important tasks

Divide all your tasks into the above-mentioned four quadrants. Manage things in quadrant one first, followed by the second, third, and so on. Prioritizing your tasks this way can be extremely helpful if you are juggling multiple things at the same time. You can also watch some of the best time management techniques, right here:

3. Plan Your Days or Weeks in Advance

Planning out your days for the week ahead is a brilliant way to organize your time efficiently. You can keep a diary or use a calendar app and write down the tasks with high priority. You can start with tasks that have upcoming deadlines, followed by less urgent tasks. Also, don’t forget to squeeze in your breaks and buffers to keep you focused and refreshed.

4. Focus on One Thing!

If there is one myth that needs to be busted across the globe, it has to be the concept of MULTITASKING. Yes! A human brain can only handle doing one thing at a time. So, if you try to do more than one thing, you will end up constantly switching your focus and taking even more time to complete both tasks.

Hence, focus your attention on one task at a time and stay on course till you finish it. Once it is finished you can move on to the next task.

5. Remove Distractions

Many times we start doing one task and our phone beeps! Instead of ignoring it, most of us check the screen and then forget about the task that we were doing. Even if a deadline is looming, we would try hard to finish one task, but it just does not happen.

So the first step that you should take towards managing your time efficiently is to remove distractions. Figure out what distracts you the most. Is it employees chattering around you or the notifications coming on your phone? Once you find out your triggers, you can take action to eradicate them.

From turning your internet off to putting your phone on airplane mode, chances are that you already know how to help yourself drown out background noise to focus on only what is important.

Also, don`t forget to take a rest even when you have countless things to do. It is very easy to let your business take over your entire life, but you also need to take care of yourself. If you let your physical and mental health slide, you won’t be able to perform your best.

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 these courses, visit: www.badabusiness.com

Categories
Motivational

5 Simple Ways To Monetize Your Instagram Account!

5 Simple Ways To Monetize Your Instagram Account!
5 Simple Ways To Monetize Your Instagram Account!

Summary: Instagram is much more than a picture-posting platform. And with the right knowledge and tools, you can earn money too! Want to know how? Find out in this article.

Instagram, which simply began as a photo-sharing app, today has evolved into a powerful marketing platform. Thanks to thousands of brands and influencers, businesses can reach a wider target audience. It has more than a billion active users per month. Approximately 60% of the users turn to Instagram to discover new products, and around 80% of them follow a brand which gives entrepreneurs a golden opportunity to establish their name.

If you are an entrepreneur and are looking to build a brand image, with the right knowledge and tools, you can grow your followers and earn money too. There are many business coaching programs online to learn Instagram marketing, which you can join to gain in-depth knowledge.

Here are five proven ways that will help you to make money on Instagram with a decent number of followers:

1. Sponsored Posts

These days’ brands use influencer marketing to promote their products because it is more effective. This is because people trust word-of-mouth recommendations more than the brands themselves. Consumers look for referrals from their peers when trying to make a purchase decision.

Brands understand the needs of their consumers and hence, turn to influencers to promote their products rather than doing it themselves on their profiles. If you have a decent number of followers, you can start earning as an influencer. Brands focus more on the engagement rate than on increasing the number of followers. Thus, have more in-person interactions with your followers as it attracts more brands.

2. Affiliate Marketing

Sponsored products are not the only way to make some money on Instagram. Working as an affiliate can also help you monetize your account. Every time your follower purchases a product that you recommend in your account, you earn money. They can use a promo code or they can purchase the item by clicking on the affiliate link. The brand tracks the number of sales completed through your recommendation in your profile and pays a commission in return.

You can start by researching the brands that you will prefer to affiliate with, fill out a request form, and if approved, start promoting their products on your account.

3. Sell Your Own Digital & Physical Products

Many Instagrammers make money by selling their digital products. The good news is that Instagram focuses on visual things. Users often visit this platform to get inspiration and discover new products. So, as long as your products have a strong visual appeal you can sell your products on Instagram. Want to learn more about Instagram marketing? You can join the business coaching program; a specially designed program for entrepreneurs by Dr. Vivek Bindra.

4. Become a Brand Ambassador

The high level of influencer marketing on Instagram makes it an ideal place to seek brand ambassadors. Though sponsored posts are common on Instagram, some brands prefer establishing long-term partnerships with influencers. They use them to endorse their products as their brand ambassadors.

Therefore, you can seek opportunities for collaboration with big brands on Instagram to promote their products too. The company will send you their free products to review and promote on your account.

5. Offer Social Media Marketing Services

Today, social media marketing is playing a key role in brands’ marketing strategies because of its strong sales potential. They use these platforms to endorse their products, services, and brand because they can easily find their target audience on these networks.

The competition is growing every day; hence it’s not easy for brands to run ads or post engaging content on Instagram. However, it’s easy to create great content with professional assistance and that’s what they are doing with influencers.

By using the strategies that we have mentioned above, you can simply start monetizing your account in no time. You can also join online coaching programs for entrepreneurs that will help you to understand digital marketing, different platforms, and its wide scope to reach your target customers.

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: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

Categories
Business motivation Startup

7 Low-Cost Business Ideas You Can Start From Home Today!

7 Low-Cost Business Ideas You Can Start From Home Today!
7 Low-Cost Business Ideas You Can Start From Home Today!

Summary: Start a home-based business with minimum funding. Here are 7 business ideas.

Are you looking to launch your own business, but don’t know where to start? Just relax. You are not alone. Today, many people want to start a business on their own, and for good reasons. On an average, people have two-three careers during their work-life. Also, with the great resignation in full swing, many are looking to become their boss or small business owner by turning their startup business idea into a reality.

If you want to become your own boss, then we have good news! Starting a home-based business is super easy and without risk. You can start it with zero to minimum investment and determination to be successful. Here is a list of seven startup business ideas that you can start right from home:

1. Accountant

Apart from the qualification, little experience, training, or licensing may be needed. Before starting you need to list out what are the services you are willing to offer. Do you simply want to do bookkeeping for small businesses or do you want to be more involved with services like maintaining balance sheets, income statements, or financial reports on a monthly, quarterly, or annual basis?

To start and grow your business, you can listen to the best motivational speaker Dr. Vivek Bindra here;

2. Business Plan Service

Think you are good at creating excellent business plans that constitute scaling? Well, then you can offer a soup-to-nuts business plan to various entrepreneurs who are looking to develop a business plan for their startups. Plan your fee around that one main factor that the client will want and offer others as add-on services. You can either give your clients an e-file or you can keep the business plan on file and offer to customise it whenever necessary. Prepare some samples to show your clients as well.

3. Party Planner for Children

From children to adults, everybody likes to party and celebrate their special moments uniquely. The children’s birthday party has become a million-dollar company as millennial parents don’t shy away from spending when it comes to making their children’s birthday special. If you listen to Dr. Vivek Bindra- the best motivational speaker in India & business coach to various large organisations and corporate sectors you will gain in-depth knowledge about starting your own business from the scratch.

4. Consultant

To become a consultant, you need to have expertise in something. Market yourself as an advisor to people who are looking to work in that area. For instance, if you have a good knowledge of digital marketing, you can become a consultant to a business that is looking to establish its presence online. With the expertise and experience that you have gained throughout the years, you can help others do similar things without repeating the same mistakes that you made along the way.

5. Editorial Services

If you have a knack for writing and editing, you can provide freelancing writing and editorial services right from your home. All you need to have is a good internet connection and a working laptop. Here is a list of services that you can offer to your clients:

a). Copyeditor- From checking facts to fixing grammatical, stylistic, and typographical errors, copyediting involves everything.

b). Proofreading- The last stop when a writing piece is finished. A proofreader ensures that all the changes have been implemented and no new errors are created in the process.

c). Ghost Writing- You can offer your services as a ghostwriter in which you will have to conduct all the research and write the book. However, someone else’s name would be attached to it as the author.

d). Copywriting- As a copywriter you will produce copies or taglines that promote a product or a service.

6. Event Planning

Love planning things out for your friends and family? You can become an event planner. One of the first things you are required to do is to visit the client’s location. Tour each site and learn what is available at each location that you can use to create an unforgettable event. You can speak to the client once you start planning things out to understand their expectations and requirements along with the key parameters that you need to work upon.

7. Interior Decorator

If you have done a professional course in interior designing then you can pursue your interest by looking for clients in your network. But if you have a natural talent to give even the smallest space an amazing makeover, you can start your business right from the comfort of your home. To get clients, you can market your services to building contractors. People purchasing new homes often find the process of decorating and organising overwhelming. So, you can take away their worries by offering your expert advice on decorating their interiors.

We are living in a world where people want to be their own boss and starting a startup business is the best way! So, why not try the business ideas that we have mentioned above? They are easy, risk-free, and require minimum investment. Which business idea do you like the most? Let us know in the comment section.

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, specialised courses, and value-added courses.

To know more, visit:  www.badabusiness.com

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Startup

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

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

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

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

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

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

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

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

1. Focus On Your Purpose

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

2. Perfect your Elevator Pitch

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

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

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

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

3. Find & Research your Potential Investors

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

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

4. Present Facts & Figures

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

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

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

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

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

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