Tag: Entrepreneurs

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Business motivation

How Bad Mental Health Affects Your Business Growth?

How Bad Mental Health Affects Your Business Growth?
How Bad Mental Health Affects Your Business Growth?

Setting up and running a small startup business tends to be thought of as a glitzy affair. Many people are coming up with money-making ideas and want to turn them into a reality because they believe being an entrepreneur will provide them with larger-than-life experiences.

A lot of people see the enriching lives of many entrepreneurs on social media who show off their “freedom, independence and grandeur”. However, the truth is divorced from the complete reality. People often fail to understand that this kind of life makes up a very small minority of entrepreneurs.

According to a report by https://www.ncbi.nlm.nih.gov, “financial distress is the major cause of poor mental health of small business entrepreneurs”. Many entrepreneurs also report a lifetime history of ADHD, depression, substance use, and bipolar diagnosis. The constant fear of failure, managing finances, workforce management, and pressure to perform are some of the other crucial factors that are experienced by growth-ready Indian entrepreneurs.

It results in low productivity, absenteeism, zero focus, and no motivation that can leave a negative impact on any startup business.

Being an entrepreneur isn`t just about waking up on a remote island and sending out a few emails before hopping on a private jet to a foreign country. Running a small startup business is a daily grind even for those who have established a strong presence of their company and have turned it into a money-making revenue machine.

So how can entrepreneurs keep their sanity intact and protect their mental health throughout the stressful, yet rewarding journey of building their own business? Here are a few ways:

1. Keep your Finances in Check

Financial issues are reported to be the primary reason behind anyone`s mental stress and anxiety, especially among entrepreneurs. Some people start on a very small scale. Some take a loan for their startup business and others invest their entire savings into their dream startup with nothing to fall back on.

According to a report by smallbizgenius.net, around 39% of small business owners use cash to fund their startup, which puts them at risk, if the business fails.

The journey of establishing a startup business is stressful enough. And it is not smart to put everything into a basket that fails 90% of the time. Hence, it is crucial to ensure that you have financial support to live on for at least three to six months should anything goes wrong.

If that is not possible, you can also take up a part-time job that allows for flexible working hours. Another thing you can do to ensure your financial support is to have an alternate source of income. The biggest takeaway for any entrepreneur is to try and leave as much money on the table to take care of your things.

You can also take the help of a professional business coach that can guide you in starting up, setting up, and running a business from the scratch.

2. Learn to Delegate

Trying to do everything on your own is another way to overburden yourself with stress and work. Even if you feel that your startup has not reached up to that level where you can hire full-time employees, you can outsource certain tasks. There are endless resources available to help you with it.

Learn to delegate as it is quite essential for smooth operations. Even the best business motivational speaker in India like Dr. Vivek Bindra suggests delegation of work because burnout can happen very quickly when a business is at its initial stage.

You can also opt-in for a business partner to avoid crumbling down under the pressure of too much workload. Your business partner would be an expert in some areas of the company. His or her expertise can take a certain amount of pressure off your mind. He or she can also drive the business forward with their professional experience and expertise.

3. Stay in Touch with the Right People

Whenever anyone decides to start something unconventional, they must surround themselves with positive influences. You might be having an excellent money-making business idea, but your friends and a family member might not agree. There will be some people including your friends and family members that will question your decision.

They might also ask you to go back to corporate life with a steady paycheck for a more stable life. But remember, they come from a position of care and love. However, they are not entrepreneurs.

Surround yourself with business mentors who have been successful as entrepreneurs. You can seek advice and guidance from them through the beginning of the start-up journey and try to continue flourishing that relationship. It will also help you to expand a professional network as your business starts growing.

Mental health can easily deteriorate with stressful conditions, pushing oneself to the point of burnout, and with wrong people giving the wrong advice. Running a startup business successfully is essential, but taking care of your mental health is crucial. Following the above tips and frequently staying in touch with one`s emotions will help to ensure your mental wellbeing is in good shape.

Are you looking to find solutions for your burning problems? Get practical solutions easily with our Business Coaching Program that will help you grow your business with step-by-step learning strategies, action plans, frameworks that are designed to empower you with various business functions.

To know more about this course, visit: www.badabusiness.com

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Strategy

5 Time Management Secrets Of Successful Entrepreneurs

5 Time Management Secrets of Successful Entrepreneurs
5 Time Management Secrets of Successful Entrepreneurs

Serious goal settings require an unblinking focus on managing time effectively and it is one of the most powerful skills that can help you to attain success. In the absence of it reaching your goals will be impossible!

You can make some progress, but handling your tasks will be an uphill battle if you don`t take your time seriously.

Time is the greatest asset. If you invest in it smartly, your life will be transformed irrespective of your age, religion, caste, creed, occupation, and gender. So if you are serious about achieving your goals, you should find good time management and work upon it.

The foremost important thing is to achieve some balance in your professional and personal life. If you are looking for some of the most effective time management skills, here is a list:

1. Set Goals

Not having a goal simply means driving without knowing your destination. If you don`t set a goal, then you will lack the proper targets due to which you will fall off track. But when you set them the right way, the sky is the limit. Use the smart goal technique to sort your professional and personal goals to see things through. This video would help you to set a clear focus on your goals:

2. Find a Good Time Management System

To maximize your productivity, finding a good time management system is very crucial. There are many time management systems like The Parkinson`s Law, 1-3-5 Law, the quadrant time-management system, and a lot more.  These systems can help you sort your time effectively and can help you increase your productivity.

3. Spend Mornings on MIT’s

Mark Twain once said, “if it is your job to eat a frog, it is best to do it first thing in the morning. And if it is your job to eat 2 frogs, it is best to eat the biggest one”. His point? Tackle the most important tasks in the morning that needs your complete focus and creativity. Accomplishing these tasks will give you a sense of achievement.

4. Take Breaks When Working

While many organizations endorse the culture of working continuously, round-the-clock, it is one of the most toxic traits that can hamper your productivity as well as your mental peace. Take frequent breaks is essential as it boosts your creativity and productivity. According to a study you should work for 52 minutes and take a break for 17. And if you are an entrepreneur who is working for yourself, this becomes even more crucial.

5. Prepare to-do lists in advance for the next day

Make a list for the next day every single evening before hitting the bed. Writing down all the activities in your list gives you time to plan for your day in advance. It helps you prioritize your tasks and finish them on time.

Time management is a must-have skill for every entrepreneur as it brings a harmonious balance between work and personal life. Where carrying out daily tasks successfully ensures a bright future, maintaining a personal life is also vital for well-being.

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Webinar

5 Effective Time Management Tips For Entrepreneurs To Increase Productivity!

5 Effective Time Management Tips For Entrepreneurs To Increase Productivity!
5 Effective Time Management Tips For Entrepreneurs To Increase Productivity!

Many young entrepreneurs often complain about not having enough hours in a day to achieve everything, but that is the half-truth. The problem is not with the day, but with the time-management skills that only a few people focus on.

As an entrepreneur, the to-do list is always growing with multiple things getting added on daily basis. If you too feel the same problem then it is high time that you master the skill of managing your time. However, there is a catch! Not all time management strategies work out for everyone. Hence, you will need to get a broader view to figure out what will work for you and what isn`t.

Every successful entrepreneur knows how crucial it is to manage time effectively. Though, everyone has their requirement and feasibility when it comes to time management, here is our list consisting of best time management tips for entrepreneurs below:

1. List your Priority Tasks

Begin your day by writing down the essential tasks that need to be completed in the first half. Though there are multiple management tools, they can be overwhelming. Avoid going down the rabbit hole and filling your day with non-essential tasks.

2. Set Deadlines for Yourself

One of the most common setbacks that most human beings set for themselves is procrastination. Procrastination or delaying things happen when there are no set deadlines. It is essential to set firm deadlines for important tasks, even if there is no external deadline.

Whether it is about writing a report or submitting a creative piece, meetings with stakeholders, or phone calls, setting a timeline for a particular work can help you finish up your task. It is one of the most essential aspects of time management.

3. Build Up Momentum

The productivity of your day depends on how you spend your first few hours after waking up. There is a reason why successful people are so much dedicated to their morning routines. When you have already completed your most important tasks at the time when your competitors are still crawling out of bed, you are ready to have a super-productive day. Get up early and plan your day.

4. Block Your Calendar

It is very important to allocate your time to the scheduled tasks in advance. Blocking a calendar can help you to dedicate a time slot for each task and will allow you to finish the most vital tasks early in the day. If due for any reason tasks are not done by the day, they will be dragged to the top of the next day.

5. Perform Right Tasks at the Right Time

Time is money and available in a very scarce amount. The best way to maximize your potential and productivity is to work in a way that is consistent with your internal clock. If you are a morning person, you can wake up early to complete the task that needs all your attention. Time management is an effective skill that will not help you to make more time but will help you to use it more efficiently by doing the right tasks at the right time.

To master the skill of ‘Time-management’, you can also watch our Free webinar on Peak Performance and Productivity by Dr. Vivek Bindra in which he will explain how to make your day most productive.

If you are an entrepreneur, you can take our business coaching program by going to our website www.badabusiness.com. This course provides you handholding support of a personalized coach who will help you resolve your current business challenges.

To join our free Webinar, click here:  vivekbindra.graphy.com

Date & Time: Saturday 2nd Oct 2021 | 12 PM-2PM

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Strategy

4 Effective Ways To Communicate Your Brand To Consumers For Better Recall Value!

4 Effective Ways To Communicate Your Brand To Consumers
4 Effective Ways To Communicate Your Brand To Consumers

Do you have a startup that nobody knows about? Or are you struggling with low customer reach? If any of these questions resonate with your current business crisis, then maybe you are not able to create a value for your brand that connects your target customer with it.

Today, customers lack trust in brands, so making your brand authentic and giving it a voice that gives out a clear message is a challenge that many entrepreneurs face in the market world. But, keeping your brand on the top is also essential to create a recall value.

If you have an excellent market sense, you can learn creative ways to hone your skills by taking a business coaching program.

Also, if you think you are doing everything right, but still falling short to make an impact on your customers, you can take help from the best motivational speaker in India. A great coach will help you to point at the loopholes of the marketing strategies.

How you choose to communicate with your niche audience can have an impact on your brand. It also determines if a customer recognizes your corporate message or chooses to ignore it.

So how can you communicate your brand message effectively with your customers? Here are 5 ways in which you can create a brand value that your customers will always remember:

1. Give Experiential Marketing a Try!

Externally or internally, experiential marketing is great for a startup business. However, it is crucial to stay consistent, especially during the rebranding. Use the same color combination, logos, and a consistent brand voice throughout, as it helps to maintain consistency. Keep it simple with contact info, and try not to incorporate too much information.

2. Make your Brand Real

Many customers in today`s world do not trust brands, they prefer to trust real customers who have got the hands-on experience on a specific product. “Word-of-mouth” has taken a digital avatar and now people take reviews more seriously before purchasing a product.

If your business also deals online, you can showcase real customers using or wearing your products through videos, photo displays, or live streaming social feeds whether at work or having a vacation. The real-world view gives an immediate answer to the most common question of customers- “where they can use the product?” To excel in this crucial step, you can also take any business coaching program in which branding is explained in detail.

3. Make Your Brand Irresistible

Catching your customer`s attention is crucial if you want to create a strong presence for your brand. To build a powerful presence, you can use a digital medium such as tablets, to showcase your logo or marketing collateral.

You can also use billboards to display your business in high-traffic areas. You can also put your staff in jerseys or t-shirts which are well-branded with your logo and brand colors. You can also provide your team as well as customers with branded mugs and water bottles.

4. Show Your Company Culture

Your company`s culture matters more than you can ever anticipate. Since consumers want more authenticity it is essential to showcase the beliefs and values of the organization and employees. You can take a picture of your organization participating in something charitable. Showing a strong culture can have a powerful influence on the entire vibe of your brand.

Don`t tell a brand`s story. Rather show your customers and make them experience it. Take your brand`s DNA and bring it to life by simply showcasing the story behind your brand values. You can use the above-mentioned tips to establish your brand`s authority in the market.

You can learn effective marketing tips by taking a business coaching program. To know more about it, visit www.badabusiness.com

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Business motivation

5 Motivational Quotes To Fuel Your Entrepreneurial Dream!

5 Motivational Quotes to Fuel your Entrepreneurial Dream!
5 Motivational Quotes to Fuel your Entrepreneurial Dream!

To become a successful entrepreneur, setting goals is the first step. To accomplish anything meaningful in our lives, everyone needs to set a clear objective. And as it is only four months to the onset of 2022, it is time to make new resolutions and goals and work upon them to prepare ourselves for the year ahead.

To keep you motivated, we thought that it would be incredibly fitting to compile a list of some of the best quotes and our favorites that will keep your spirits uplifted for the New Year.

These powerful quotes by some of the most influential will always remind you not only of the importance of setting goals but also why did you make them in the first place.

Here is a list of 5 of our favorite quotes that exude power, persistence, and perseverance:

1. Vision is Essential

“None can destroy iron, but its rust can. Likewise, none can destroy a person but his mindset can.” – Ratan Tata

An amazing quote said by none other than the most admirable and respected industrialist, investor, philanthropist, and former chairman of the TATA Group– Ratan Tata.

Ratan Tata has been garnered admiration across the world not only for his incredible business ethics and philanthropy but also for his integrity. A person`s mindset can be his best friend or foe. No matter how hard-working, talented and skilled you are, if your mindset is not right, you can end up being stuck at the same place for years.

Watch how Ratan Tata became one of the most celebrated industrialists in this video.

2. Dream Bigger

“Shoot for the moon. Even if you miss, you’ll land among the stars.” –Les Brown

Many people want to start their own business. But they impose multiple restrictions upon them due to which they block their path of success. When you dream big and shoot for the moon, you force yourself to step out of your comfort zone to yield bigger results.

3. Believe in Yourself!

“Don’t let the noise of others’ opinions drown out your inner voice.” – Steve Jobs

Many people are dependents on the opinion of other people. They want to please everyone, and that is the major reason why they fail in their lives. If you let the opinion of others affect you, you will never become successful and achieve your goals. You can watch his inspirational journey here: 

4. Goal Gives Meaning to Your Journey

“The trouble with not having a goal is that you can spend your life running up and down the field and never score.” –Bill Copeland

Some people do not set goals and spend their entire lives fulfilling others. Hence, it is very essential to give direction to your life by setting an objective and then fulfilling those goals.

5. Stay Focused!

“Obstacles are those frightful things you see when you take your eyes off your goal.” –Henry Ford

It is very common for entrepreneurs to lose their focus once they begin their small startup business. An entrepreneur has to don multiple hats due to which the objective of the business takes the back seat. Hence, it is very important to stay focused on your goal and keep walking towards it.

We hope these motivational quotes will inspire you to make new objectives for this year and the next. To get more information about starting a startup you can take our business coaching program.

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Strategy

Top 3 Common SEO Mistakes Most Entrepreneurs Make & How to Avoid Them!

Top 3 Common SEO Mistakes Most Entrepreneurs Make & How to Avoid Them!
Top 3 Common SEO Mistakes Most Entrepreneurs Make & How to Avoid Them!

As a small business owner reaching customers to boost sales is the major goal. Many entrepreneurs often forget about building an online presence via SEO activities. Most often than not, MSME business owners do not take SEO activities seriously and consider them as a liability. But optimizing your website and content according to the guidelines of the search engines can fetch high traffic to your business.

One of the major reasons behind it is that they have seen many organizations struggling with search engine optimization activities. However, what they don`t realize is that many small startup businesses jump over few SEO guidelines that are crucial to yield great results.

Search Engine Optimization (SEO) serves as a critical tool that ensures that your business gains an edge and remains competitive while capturing the right audience.

Here is the list of three common SEO mistakes that small to medium-sized businesses often make—and how you can avoid repeating them.

1. Expecting Results Overnight

SEO requires patience and persistence. And this is something that entrepreneurs must understand because success does not happen overnight. Many small business startup owners hesitate from applying a solid SEO strategy because of the time duration that it takes to see results.

When a new web page is published, Google uses 200-plus ranking factors to measure the quality of your content. Hence, it takes time to validate the relevance of the new content. The content you create helps to build your website reputation and pull up customers organically. The entire process takes around a month before you start seeing results. To come on top of the result page, the average age is almost three years.

Monitor SEO campaign for weeks, use SEO tools like Google Analytics to understand the performance of your webpage and the source of traffic.

2. Customized Research on Keywords

SEO is powerful only when Keywords are powerful. Hence, it is very important to find relevant keywords that meet your customer`s needs.  Keyword-rich content will help yield the highest results. And many new potential customers find new businesses through Google search that includes keywords matching with their requirements.

So try to put yourself in the minds of your customers and apply the keywords that define your ideas and topics.

3. Ignoring Backlinks in your Content

Backlinks are the second most important factor that plays a vital role in Google ranking. When creating a web link, backlinks are non-negotiable! The inclusion of external links into your content boosts your website`s search engine ranking and popularity organically.

Many business owners often skip this fundamental step of an SEO strategy because of the in-depth research and time it takes.

However, it is essential to include quality links that are from credible sources. The guidelines from Google penalize unnatural links and also prohibit links that are not that valuable and useful for the users.

Understanding the factors that can affect your SEO results can be time-consuming and challenging. But once you prepare it with the right approach, it will drive your customer acquisition and yield great results.

To understand how you can boost your business growth and revenue, you can take Business Coaching Program. It not only offers a bundle of exclusive foundation courses and value packs, but also handholding support of a personalized business coach.

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Startup Strategy

3 Key Things That Help Startup Businesses Dominate On Instagram!

3 Key Things That Help Startup Businesses Dominate On Instagram!
3 Key Things That Help Startup Businesses Dominate On Instagram!

Most entrepreneurs who have just set up a small startup business would agree unanimously that real, organic, and engaging followers on Instagram are the most powerful audiences that one can build on social media.

Today, Instagram has been a promising platform not only to gain more customers for your startup business but also one of the best ways to build your brand presence. If you have few thousand followers who are real and engaged, you can turn your Instagram business account into a multi-million dollar business in just a few years.

Many people think that there are some deep secrets that the most popular brands or Instagram accounts must be hiding, but truth to be told, there are no secrets. To grow on Instagram you only need three things- Time, Patience, and Hard-work.

So whether you have a startup business selling quirky t-shirts, or you are running yoga classes, these tips will help you launch your business on Instagram in a new light:

1. Post Engaging Content

Ask yourself one question- why would you want to follow a business account on Instagram? Will you do it for their awesome products or services that you might come to know from ads that they run, or because they post highly engaging content on their profile?

The answer is simple and true- for their content.

To grow properly on Instagram, a business must focus on posting content that is of high quality and engaging as well. Post engagement is what brings growth to Instagram and helps a brand to establish its strong presence.

Some people think that posting promotional offers on their profile will get them, customers. But the harsh reality is that nobody wants to see unnecessary promotional material on their feed. People want to follow accounts that deliver value. If you are an entrepreneur with a solid startup business plan, maybe it is time to rethink your entire content strategy.

2. Follow Accounts that Deliver High Value

Inspiration is everywhere. Sometimes you can simply get it from your competitors who are doing well in their business. You can follow them and they can follow you back. Many people have rejected the idea of following/unfollow strategy, however, if done correctly it can prove to be effective.

If you are struggling to build followers on your business account, you can implement the follow/unfollow strategy. Also finding the right people to follow is the biggest issue and this is where most of the strategies fail. It is very essential to find the right kind of people who would be genuinely interested in your specific type of content. To find accounts that will be interested in your type of content and carve out your own space by increasing 500 followers per month on Instagram.

3. Be Ultra Social

Instagram is a social media platform. Unlike LinkedIn, you need to engage and socialize with your followers to keep them following your account here. And it can be rewarding for the social people. If you have a small startup business that has something to offer people- a product, service, or simply your expertise on a particular subject, there are plenty of ways to find value on Instagram.

If you engage with others, people will engage with you. And Engagement leads to growth and you will likely begin to gain followers from your contributions.

Social Media platforms can be really rewarding and prove to be a contributing factor in your business growth if used to their maximum potential. Many entrepreneurs think that there must be some easy-way-out like buying followers, but that is not organic and will harm your online presence in the future.

So use these three hacks mentioned above to increase followers by creating great content, and you too will find great success for your business on Instagram. To learn more about marketing strategies and techniques that work, you can take our Problem Solving Courses.

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Business motivation

5 Ways Sports Can Shape Entrepreneurs Into A World Class Leader!

5 Ways Sports Can Shape Entrepreneurs Into A World Class Leader
5 Ways Sports Can Shape Entrepreneurs Into A World Class Leader

National Sports Day is a day that is dedicated to the sports and sportspersons in India. To commemorate the birth anniversary of hockey legend Major Dhyan Chand, this day is celebrated on 29 August.

Stressing the need to stay healthy and fit, this day is observed to spread awareness regarding the sports and daily activities in every individual`s personal and professional life.

While many of us see the physical side of sports, very few people know that playing sports can help entrepreneurs to become great professional leaders. Business and sports have many similarities. Both require patience, teamwork, goals, strategies, and most importantly the best version of you to make them a success.

Playing or competing in sports can teach people essential lessons that can be important for business. The skills that can provide an edge in a competitive sport can also enhance your entrepreneurial skills.

How to remain focus, determined along with heightened awareness during the challenging times helps entrepreneurs to become better leaders. It creates expansive entrepreneurs.

Many successful entrepreneurs like Dr. Vivek Bindra, who is an internationally acclaimed business motivational coach loves to play football. He admits that sports can bring many benefits to entrepreneurs` lives.

Here is a list of the best five that can help you to sharpen your entrepreneurial skills:

1. Keeps Your Creative Juices Flowing

An entrepreneur has to work on multiple projects at the same time. Every challenge is unique and requires a creative approach. Sports not only help you to tone your muscles but also increase the cognitive function of your brain. This happens due to the increased blood flow to the brain.

So if you are looking for a creative solution to a major business challenge for a couple of days, all you need is a good game of football.

2. Keep you in Better Health

Running a business has to do a lot more with poor health than optimal well-being. Stress, high blood pressure, anger issues, anxiety, and insomnia from too many tasks at hand can result in chronic health issues. Entrepreneurs or business owners who are not indulged in any kind of sports may experience the ill effects of stress and anxiety.

However, business owners with a competitive sport push themselves in many distinct ways to become a better version of themselves. The endorphins released during the training and competing help them to carry over their day-to-day tasks with much ease. They perform better and appear much happier in general.

3. Help you to Broaden Perspective

Turning up to the same workplace, doing the same work with the same people around can become monotonous. It does not help to expand either your mind or life. Perhaps a new project might come up and you might handle it successfully, but over time it will lead to boredom.

Sports help individuals to become more approachable, knowledgeable, and worldly in wider fields. When someone has interests in sports or any other extra-curricular activity other than doing their job, it says a lot about their character and what they are capable of.

4. Teach you about Resilience & Discipline

Competitive sports helps to develop resilience and resourcefulness, and many other traits that help to expand a business and a career. It introduces entrepreneurs to people with new ideas, innovative approaches to traditional problems, backgrounds, and ways of looking at the world.

5. Teach You About Team Work

One of the most significant ways in which sports can prepare entrepreneurs, solopreneurs, or wantrepreneurs with small startup business ideas is by teaching them the importance of collaborative work.

Even if you play a sport that does not require a team to win an individual tournament it requires a joint effort from the athletes, the coaches, staff, and other training partners.

It teaches a great lesson that no organization big or small can thrive without a group of people who know how to work together.

The most amazing part about playing sports is that it helps entrepreneurs or any individual to become a better version of themselves organically.

This National Sports day, why not try something new that not only improves your physical well-being but will also train you to become a successful entrepreneur. For the rest of your business problems, learn about our new Business Coaching Program that gives you practical solutions with hand-holding support from our experts.

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Business motivation

4 Effective Ways For Entrepreneurs To Scale Their Business With Ease!

4 Effective Ways For Entrepreneurs To Scale Their Business With Ease!
4 Effective Ways For Entrepreneurs To Scale Their Business With Ease!

Are you a small business owner or an entrepreneur who now looking for effective ways to scale your business? If your answer is yes then reading this article is a must for you. Why? Have you ever wondered why do some companies grow rapidly, while others stay at the same level for decades? You can find the answer in this article.

So let`s imagine a business as a car. Startup businesses that grow successfully like those cars which upon reaching the limit of possibilities, change the engine to a turbocharged one, refuel their tank, hire top drivers and mechanics, make essential modifications in the structure to make it lighter, and then take the vehicle to a different track.

While the second ones, who stay stuck at the same level are the ones who keep pressing the gas pedal without making any necessary alterations.

The situation with the business scaling is more or less similar. So what are the key strategies that can help you prepare your business for a different track?

1. DELEGATE

Many entrepreneurs tend to do things on their own. They understand the entire working process, what each employee was doing including the small details. But after a certain point of time, it becomes difficult for them to delegate the management to another person. However, delegating is an inevitable step because entrepreneurs need time to address strategic business development tasks.

Hence, you must ask yourself questions about how much your time is essential? Or how much less will the business earn if instead of my work I do someone else`s? Clearly define which tasks you will continue to handle and what you should leave for managers. Over time, your managers can become your partners if they can manage and handle the team.

2. Explore New Markets

To increase the stability of any startup business, it is essential to transacting in different markets. It is not only the best way to stimulate business growth, but it also serves as insurance. Ask yourself what happens to your business if a financial crisis like the demonetization or any political crisis breaks out in the target market.

It is essential for entrepreneurs to diversify their business and not to depend on one country, set of customers, currency, or language group. It increases the stability of your business many times over.

3. Monitor the Finances

Compliance has become the benchmark in the business world. Primarily, it is about taking care of relationships with banks, investors, and clients. If you want to scale your business in the overseas market, the international banks will not simply open your bank account if they do not like something in the history of your business. A clean reputation is expensive and necessary if you want to scale your business.

Even if the foreign market is not your goal, you should maintain a healthy financial history of your business. Your potential clients or investors might refuse to work with you if they consider you not reliable enough.

4. Follow Market Trends

One thing that every startup business owner needs to understand is that the crisis will come, and you need to be prepared for it. It is very essential to outline the processes that need improvement. Follow the regulatory policy and create contingency funds. Analyze which company indicators should be improved right now, and what are the processes that can be left aside. Also, be prepared to make some difficult and unpopular decisions.

By creating a plan, taking action, and staying persistent come what may, you can scale your business. It is not easy. No one ever said it would be. But it is well worth it. You can use our strategies that will help you scale your business and boost revenue. For more in-depth knowledge of powerful business scaling strategies, you can take our Business Coaching Program.

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Business motivation

5 Tips To Identify The Right Dropshipping Vendor For Your Business

5 Tips To Identify The Right Dropshipping Vendor For Your Business
5 Tips To Identify The Right Dropshipping Vendor For Your Business

The drop shipping business is all the rage today in India. The number of drop shipping businesses is increasing with each passing day in India. And courtesy of its raising popularity, starting a dropshipping business in India is proving to be extremely profitable too.

Starting a drop-shipping business is a brilliant low investment startup plan.  So, whether you are an entrepreneur who wants to work upon this brilliant idea or someone who has got everything planned there is one thing you should know- how to choose vendors?

As drop-shippers do not believe in marketing themselves, finding the right dropship suppliers can be a difficult task to do. If you are an entrepreneur with an e-Commerce business finding an ideal vendor might take a while.

Here are few steps that will help every entrepreneur and small business owner to identify the right vendor for their business:

1. Research

Research is that one thing without which no startup business ideas can thrive. So once you have decided upon the range of your products that you would like to sell, start researching the drop-shipping suppliers in the market. Make a list of your requirements and then see who fits the bill.

You might also have to choose between the local and overseas supplier, in case you are not just catering to customers in the country, but also outside India. While selecting a vendor, dive deep into raw material sourcing, delivery times, and service potential.

2. Contact Suppliers

The next step that comes after finding the ideal vendor is to contact them. Talking to them gives you a chance to resolve all your queries by asking questions. They may even provide you with their customers` feedback. Also, if you maintain good relation with your vendor from the start, it will help you to build trust and credibility. This will also provide more room to get disputes resolved more quickly.

3. How Upgrade the Supplier is with Technology?

Though many drop-shipping suppliers generally have outdated websites, an ideal drop-shipping vendor invests in technology to stay updated with the latest trend. It helps him to streamline client operations and increases his value in the market. Features like searchable order history, customizable data feeds, and a detailed product catalog make things convenient for online merchants.

Some vendors might also give you the facility to place your order online via mail. Though it might sound like a small benefit, it is a boon for luxury store owners. All you have to do is to mail him and your order is placed. Hassle-free!

4. Test Services by Placing Order Samples

Once you have shortlisted 2-3 drop-shipping vendors, order a few samples from them to see the quality of their services. From service, packaging, delivery times, and other supplier-related questions that you might have, ordering a sample will give you an idea and help you selecting suppliers. It also gives you first-hand experience of how your customer will experience your store.

5. Order From your Competition

If your competition is also using the same drop-shipping vendor, you can order from your competition and find out how your vendor packages their products. You can also check if they are providing your competition any custom labeling services. This will give you the much-needed insight into how your competitors are providing their customers a ‘WOW Experience’.

While selecting the right drop-shipping vendor, many will look great when you look at their reviews and the products that they offer. But once you take one step down, you might realize that they may not suit your audience because of the raw materials that they use or the way they do their business, or how they handle returns.

Hence, always talk to your vendors and get to know them like the back of your hand before you commit to doing business with them. The tips that we have mentioned above will certainly help you to choose the right dropshipping vendor for your business.

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