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Business motivation

6 Valuable Entrepreneurial Skills You Can Teach Your Children

You must have heard the stories of many successful entrepreneurs who are just 6 years old or 12 years old and have started their own company or a YouTube channel and are driving growth with their amazing entrepreneurial spirit.

They know about “cause marketing,” “buzz marketing,” and “moment marketing.” Their business model is apt, and the strategies that they employ can surprise even seasoned marketing professionals. There is one thing that plays a key role in shaping a child’s mindset is the Art of Parenting.”

Here is a list of six valuable entrepreneurial skills you can teach your children:

1. Help them see the greater possibilities

Entrepreneurs can look beyond what is obvious. They don’t limit their vision to what they already know is possible. They look at the bigger picture with a skilled eye. They assess the impossible and analyse what cannot be achieved and then find solutions to make it possible.

In short, entrepreneurs are not limited by the status quo, and neither are their children. Teach your children to never settle for less than what they can imagine is possible. You can also use this parenting strategy in business to achieve your goals.

2. Build Resilience

While successful entrepreneurs feel they are living the dream, it does not come without its share of challenges. So, to prepare your kids for future challenges, set an example. Your children are more likely to develop a stress response based on how they see you responding to a stressful situation. They often learn from and imitate their parents as they witness how their parents navigate the stumbling blocks in life and business.

3. Teach Them How to Handle Feedback

From parents to colleagues and peers to friends, feedback comes in all forms and from different media, whether or not we seek it out. A smart entrepreneur should be able to filter out the relevant details from the irrelevant ones. If your kid is involved with you in your business, this is a perfect moment to teach reasoning and the value of a positive mindset and attitude.

4. Teach them to evaluate the risk

People often say that an entrepreneur’s biggest strength is taking risks, which is true only to some extent. No human in his or her state of mind would like to make decisions without evaluating them. Learning to weigh the pros and cons, developing a strategy, and understanding the financial and emotional risks associated with doing something new are valuable life skills and beneficial regardless of whether your child becomes an entrepreneur in the future.

5. Money Management

Money is an important factor that can contribute greatly to building a startup from scratch. Teach your kids to never throw away or waste money, even if the amount seems negligible. Ten rupees may seem like a very small amount, but if invested wisely, it can multiply exponentially.

6. Being adaptable

Humans need to be adaptable. Entrepreneurs often find themselves in difficult situations, in unfamiliar cultures, and dealing with total strangers. Give your children space and situations that are not in alignment with their comfort zones. It will make them uncomfortable at first, but it will pay off as they learn key adaptability skills.

The best way to instil any ability in someone is to start teaching them very early on. Entrepreneurial skills are no exception. If you want to learn the secrets and various tips to prepare your kids for a brighter future, join our Free webinar ‘Art of Parenting & Success Mantras’ by Dr Vivek Bindra on July 10th, 2022. The webinar is full of useful information and is free for all. So don’t miss out on this opportunity!

Register yourself now: https://www.badabusiness.com/art-of-parenting/?pp_code=BHBB000078&ref_code=SocialMedia

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Motivational

4 Ways To Teach Your Kids To Become Entrepreneurs

Does your child have entrepreneurial skills? Here are four ways to teach your kids to become entrepreneurs.

While some kids have to be groomed, some kids are born with a natural entrepreneurial spirit. Most often, we have seen that some kids perform better at fairs and fates because of their creative bent of mind. By the time they hit nine or ten, they can be seen selling sports cards, pencils, candy, and gum to their classmates during recess.

By the time they hit their teens, they can be seen making the most of social media by monetizing reels for money. If you have ever seen the spark in your child’s eyes, then you must nourish their skills and make them ready for the future. Join our FREE-TO-ALL Webinar ‘Art of Parenting & Success Mantras for Kids’ by Dr Vivek Bindra—India’s best motivational speaker. The webinar will be conducted on July 10th, 2022.

Here are four ways to encourage your children to become entrepreneurs:

1. Assist them in identifying opportunities

Entrepreneurs have an eye for details. They do not miss an opportunity and always find ways to approach a challenge with a creative solution. In cases where there is a problem that is not acknowledged, entrepreneurs spot them and find a way to resolve them. In cases where the problem and its solution already exist, entrepreneurs find distinct ways to make the solution better.

With your smart parenting skills, you can teach your kids how to recognize opportunities that lead to entrepreneurs creating a product or a service.

2. Teach Them Real-World Applications

The only constant thing is change. And a lot of times, people find changes to their distaste. Of course! Now, no one likes to compromise with their comfort zone. However, life is all about making things better. So, if your children express their dissatisfaction with something, encourage them to think of better ways. Start simply. If they come up with ideas that already exist, appreciate them, nonetheless. Just like you use your parenting strategy in business, teaching your children to spot opportunities and act on them will contribute greatly to the probability of their future success.

3. Let them solve problems.

To protect them, most parents often hold their children back. They often do not allow their children to think and make decisions. Instead, they take charge of making decisions, rushing to fix any problems their children may encounter and protect them from harm. But entrepreneurs often have to make decisions that are sometimes very difficult. So, children who are not used to making their own decisions might feel lost. Hence, let your kids face adversity so that they can make decisions independently.

4. Develop Patience, Acceptance & Resilience

Life is not a bed of roses. Instead, it is like a roller coaster where you will experience ups and downs. Because no one has ever learned to walk without falling, one should know that kids are eventually going to fall. What’s important is that they should know how to get back on their feet.

You must teach your children that failure and disappointment are parts of life. Every successful entrepreneur gets knocked down at least a dozen times in their life. They taste delightful success only by turning losses into victories. No matter if you are an adult or a child, entrepreneurship entails resilience.

Though there is much debate on whether entrepreneurial traits are the result of nature or nurture, research does show that encouraging cognitive thinking in kids will help them cultivate entrepreneurship.

If you want to train your children for a brighter tomorrow, do not forget to join our FREE-TO-ALL Webinar ‘Art of Parenting & Success Mantras for Kids’ by Dr Vivek Bindra—India’s best motivational speaker. The webinar will be conducted on July 10th, 2022.

Register Now For Free Webinar: https://www.badabusiness.com/art-of-parenting/?pp_code=BHBB000078&ref_code=SocialMedia

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Strategy Webinar

3 Powerful Strategies That Will Sharpen Entrepreneurial Skills In Your Kids

Does your kid have an entrepreneurial spirit that needs nourishment? Here is a recipe to raise tomorrow’s successful millionaires.

India has emerged as the third-largest startup ecosystem in the world after the USA and China. A country that is producing more than ten unicorns every year is expected to grow remarkably in the next few years, according to Business Standard.

So, in a country that shows a tremendous future for upcoming entrepreneurs, will you raise your kids to work for someone else’s dream or do you want your kids to pursue their interests and work independently? With art of parenting, you can now prepare your kids for a brighter tomorrow.

If your kid has an entrepreneurial spirit, you as a parent will need to help him develop emotional skills like being comfortable with taking risks, being able to solve problems, and having a good attitude about failing.

Not only academic skills but also soft skills are important to encourage social-emotional skills in kids. Here are five parenting tips that will help you to foster entrepreneurial qualities in your kids:

1. They develop their effective problem-solving skills

It is essential to foster problem-solving skills in kids as it will help them to spot business ideas in everyday life. Most of us think that a business idea has to be technical or something that involves a complex process. But a simple business idea is what it takes to establish a successful startup business.

While your kids are young, you can hone their problem-solving skills with smart parenting skills. If not an entrepreneur, they can simply become a business coach who can help other entrepreneurs achieve their goals. So, help your kids spot the challenges and causes, think of all the possible solutions, weigh the pros and cons, and come up with the best option.

2. Help them understand that failures are lessons

In today’s world, people are keen to focus more on their achievements and wins. They highlight their wins while downplaying their failures. The media has created a stigma about failure that nobody wants to accept that it is a natural process to fail at some point in your life.

Failure is a stepping-stone toward success. If you don’t fail, you will never learn to work on yourself. Influence your kid’s willingness to try, fail, learn, and you also try again as a parent. These are the essential skills of entrepreneurs. Help your kid see criticism as a chance to learn by helping them come up with ideas about what they should do next.

3. Let Your Kids Take Their Own Decisions

An entrepreneur has to make multiple decisions in his life. Some are challenging, some are hard, while some decisions can change the course of their business completely. The confidence to make the decisions after weighing the pros and cons comes from early independence.

You can let them choose their own outfits or dinner menu. This will help them to make their own decisions and will make them feel good for being able to do that. Try to limit the choices to a few options, as it can be overwhelming for kids.

Kids are often taught to follow what their parents tell them to do, blindly. This is a habit that hinders their ability to think constructively. Instead, teach your kids to challenge the usual norms by articulating their rationale. Ask if they agree with a certain thing. If not, what would they like to change and why? Give them the ability to think, reason, and make decisions independently.

If you are looking for some guidance on how to raise your kids and nourish their entrepreneurial spirit, then do not forget to join the FREE-FOR-ALL Webinar, ‘Art of Parenting & Success Mantras For Students’ by Dr Vivek Bindra on July 10th 2022.

Register  now: https://www.badabusiness.com/art-of-parenting/?pp_code=BHBB000078&ref_code=SocialMedia

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Strategy

5 Powerful Parenting Strategies You Should Implement in Business

Running a business needs discipline, ground rules, and working as a family towards a common goal. Find out how you can blend a few parenting skills with your business.

Whether it is a large organization or a small company, every business owner considers his company as a “family.” Starting a business is very similar to having a baby. Just like a baby needs continuous love, affection, and proper diet on time, a company too needs every department to work in sync.

Successful leaders and business owners do not shy away from applying the art of parenting to good business practices. Here are five parenting strategies in business that can help you to become a better entrepreneur:

1. Ensure Rules Across the Organization

The best possible way to achieve your goals is through discipline. Ask any parent and they will swear by having rules. Enforcing essential rules is essential for business growth. It is very important to clearly outline behavioural expectations in communication. It is also important to ensure that employees clearly understand them.

Just like family members remind each other what is acceptable and what is not, give your employees a space where they can remind each other of the rules. Make sure that everyone understands the consequences of breaking the rules.

2. Focus on Values

Creating values in a company is no different than creating a positive environment in a family. Parents often try to model behaviour for their children because kids tend to adopt what they see. The owner of a business should use this approach of parenting to teach their employees some core values.

The application of the art of parenting in business also means encouraging good behaviour of the employees and discouraging negative behaviour of those in the team. When you see it happening in your team or your organization, call out the offending employee(s). Have an open discussion and send out clear messages about how employees are expected to treat each other.

3. Multitasking

Being an entrepreneur is more or less similar to being a parent. Just like parents have to play multiple roles for their kids at different times, entrepreneurs have to don multiple hats. Sometimes they have to be a salesperson, an accountant, or an assistant while taking care of business operations.

4. Keep Calm & Maintain Composure

One of the most important traits of parenting strategies in business is to keep your cool no matter the situation. Being a parent means taking care of the different requirements of children, which also includes their emotional needs. Children who are growing every day and getting exposed to new things frequently also experience mood swings, to which parents have to cater without losing their calm.

Similarly, building a startup from scratch is not an easy task. There are multiple things to be taken care of and various challenges that an entrepreneur may encounter. Keeping your patience and calm is the key to thinking about out-of-the-box solutions to overcome those challenges.

5. Always Be Fair

Changing rules without making people aware who will be impacted directly can create a chaotic environment in a family. Similarly, employees perform best when they feel appreciated. Each employee should feel that he/she is being treated fairly and nobody is getting preferential treatment. Ensure that you apply consequences even-handedly when a rule is broken, no matter who they are.

Every startup company is like a small kid. You need to constantly work your socks off for its growth and sustainability. So why not implement these parenting strategies in business?

Learn about the “Art of Parenting” by Dr Vivek Bindra, which is a free-for-all webinar. Be ready to learn some excellent parenting strategies on 10th July 2022.

Register Now: https://www.badabusiness.com/art-of-parenting/?pp_code=BHBB000078&ref_code=SocialMedia

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Business motivation Webinar

How Learning Business Yoga From Bhagavad Gita Can Help Your Business Grow?

One of the quintessential contributions of India to the world is the Srimad Bhagavad Gita. It is the voice of the Lord Sri Krishna and the first-ever most powerful leadership workshop that taken place in the middle of the battlefield of Kurukshetra when Pandavs were going through a deep crisis.

Srimad Bhagavad Gita was preached by Lord Krishna not only to motivate Arjuna to know the real purpose of human life but also how to perform one’s duties sincerely, dedicatedly and without deviation.

Whether you are a student or a professional,  a housewife or an entrepreneur applying the principles of Shrimad Bhagavad Gita will help you overcome challenges and become successful in life.

So how this ancient scripture offers powerful motivational tools to handle tough times in business and life? Let`s find out through some of its Verses!

  1. Hard Work has no Substitute

Karmanye vadhika raste,
Ma phaleshu kadachana;
ma karma phala he tur bhuh,
ma te sangvasta karmani

Chapter 2, Verse 47

To action alone hast thou a right and never at all to its fruits; let not the fruits of action be thy motive; neither let there be in thee any attachment to inaction.

The above-mentioned Gita Verse tells us clearly that Hard Work has no substitute. And only and only your dedication, determination, and passionate labor will yield results. However, it also tells us the valuable lesson to remain detached from the final result. This might be difficult when we are working towards our goals. But sometimes we become too focused on the result that we can get distracted.

And as there is nothing guaranteed in this world, most of us, especially students and businessmen get disappointed, sometimes even depressed when they don`t receive the desired outcomes.

Most of us feel that the knowledge and wisdom of Gita imply only spiritual enlightenment. However, this versatile ancient scripture can play an instrument for modern corporate management.

  1. Master your Mind

One of the most difficult aspects to control in this world is none other than our mind. Mind, by its nature, is restless, fickle, constantly traveling, strong, and forceful. Hence, it is difficult to control the mind than it is difficult to control the wind.

Chanchalam hi manah krsna

pramathi balavad drdham

Tasyaham nigraham manye

vayor iva suduskaram (Chapter 6 – Verse 34)

“The mind verily is restless, turbulent, strong, and unyielding, O Krishna: I deem it as difficult to control it as to control the wind.”

In this world of utter competition, we have to make choices and decisions based on our current situation. The choices can be related to our career path, our jobs, our business ideas, or even related to our personal lives.

Bhagavad Gita teaches us to control our minds through meditation and by practicing self-discipline. It tells us that the only way to control your fickle mind is by constantly practicing detachment; irrespective of the situation. A person feels happy and energetic if the circumstances go as per his will. However, if something happens against his expectations, he becomes depressed and de-motivated. He also becomes distracted from his work and goals.

Only a person who has control over his thoughts and mind can remain calm and composed, no matter the situation. By remaining deeply focused on his work, he stays dedicated, makes strategies, and can also yield incredible results at work.

  1. The Powerful Manual for Management

mātrā-sparśhās tu kaunteya śhītoha-sukha-dukha-dā
āgamāpāyino ’nityās tans-titik
hasva bhārata

(Chapter 2 – Verse 14) 

“O son of Kunti, the contact between the senses and the sense objects gives rise to fleeting perceptions of happiness and distress. These are non-permanent, and come and go like the winter and summer seasons. O descendent of Bharat, one must learn to tolerate them without being disturbed.”

Life is full of ups and downs. And each living being on this planet has to learn to deal with it. When talking in terms of business, management is a body of knowledge that enables entities to deal with various other factors like people, strategies, operations, and the environment.

An efficient management system ensures that the work is done efficiently on time and the promised goods and services are delivered. As most organizations suffer from ‘short-term strategies’, they inform the stakeholders and market players how much profit the next quarter will bring.

To meet these expectations they engage in multiple activities that create stress, and a short-term approach. This sometimes brings negative results too in the long run and the business may not produce the desired results and profits.

It is important to understand that no situation in this world is permanent. And, therefore stressing out during the crisis will do no good. Hence, keeping calm during adverse situations will help us to think constructively and prepare us more to tackle the challenges that life throws at us.

Shrimad Bhagavad Gita can be a real source of inspiration for both at the personal as well as professional levels. For students, it can be a career guide, while for entrepreneurs it acts as a manual of various strategies and business ideas.

Bhagavad Gita is the essence of all universal wisdom. It acts as a manual to help us to overcome challenges in our lives. Many famous personalities and great thinkers like Mahatama Gandhi, Annie Basant, Madhavacharya, Indian mathematician Ramanuja, Albert Einstein, American astronaut Sunita Williams, and many more were inspired by Bhagavad Gita and used to read and imbibe in their daily lives.

If you truly want to open the door of abundant opportunities, attend the live webinar Business Yoga from Bhagavad Gita by none other than iconic Dr. Vivek Bindra on Sunday, 20th June 2021 from 12 noon to 2 PM.

For FREE Registration, visit: https://iiyc.co.in/?event=BB

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Webinar

How To Motivate And Engage Employees During COVID-19?

According to a report published in Harvard Business School, when around 600 CEOs were asked what major concerns they have amidst this global pandemic, they replied unanimously- how to keep their employees motivated when their world is crumbling around them.

It is no secret that employees are having a hard time during the COVID-19 pandemic. According to a report published in the Hindu Businessline, “7 in 10 Indian working professionals (70 percent) reported having felt waves of stress during the working week regularly”.

The chaos that the pandemic has created is one part. The real struggle is to juggle multiple responsibilities. Juggling work, monitoring children, and worrying about friends and family`s health has isolated people from a stress-free environment.

Perhaps, this is the time when employees need support from leadership more than ever. Support that is beyond a motivational speech or a company-wide email because when life and business as we know it has turned upside down, some effective and powerful measures are required.

While everything is in bits and pieces, organizations and their leaders must step forward. They have a unique opportunity to deviate from just usual business and step in and look after their team by putting the available resources to good use.

Leaders and seniors must create an environment, in which employees feel seen, heard, supported, and motivated as partners in the company. Happy employees are more productive and positively impact profits.

Be it pandemic or not, employees are the soul of the company and there are multiple ways to support and keep the employees motivated. The best ones are given below:

  1. Recognition & Motivation

Appreciation can make a day, can even change a life. It might sound simple, yet it has the incredible power to motivate employees at work. According to research the primary reason behind employee dissatisfaction is the lack of appreciation or recognition.

When individuals are recognized for their hard work and contribution, it creates a sense of acknowledgment. If your people are doing a commendable job, it is important to recognize it and appreciate them.

Though this practice is essential for all levels of leadership to implement daily, it is crucial for leaders who take responsibility for all employees. Do not just celebrate KPIs, but also mini-milestones to give them a boost of positivity.

  1. Be Approachable & Available

Nobody understands, but being available and accessible to your employees can be a major factor to keep your employees motivated. Your employees must have the confidence to approach you when required. Many large organizations give birth to mistrust and resentment from the mere fact that the seniors are neither visible nor approachable. Opening lines of communication and accessibility can prove vital to the success of the company.

  1. Provide Constructive Feedback

“Good job, well done” is always appreciated. But providing constructive feedback is more important. Telling your team members how their efforts positively impact the department or the company goals can impart a great sense of achievement in them. Highlighting a specific piece of work done wonderfully, regularly, lets your team know that you are paying attention, especially in the work-from-home scenario.

Constructive feedback is as important as praise. The goal should be to keep your employees grow and evolve, and hence timely feedback is crucial.

  1. Create Space for Professional & Personal Development

Personal development of employees is necessary. People join an organization not only for the current role but also for future career opportunities. Around 33% of job seekers say that professional and personal development is the most important factor in accepting a new job. If an organization does not provide its employees better professional opportunities, the top talent walks out the door.

Now when most of the people are working remotely and L&D budgets slashed, managers must encourage employees to create a culture of continuous learning. Always ensure that employees have time and space for personal development.

  1. Set Clear Goals

Are your organizational goals changed in response to COVID-19? Were employee’s daily tasks and goals redefined in response to the pandemic?

We are living in uncertain times. This has caused anxiety and stress in everyone. As a great leader or a manager, it is your responsibility to reduce role ambiguity and stress. Hence, it is important to define clear goals and boundaries when your people are working remotely.

Successful companies are those who not focus on their business, but also their people who are working tirelessly to ensure continuous services. As a leader, one must create an environment where people often feel connected and are highly engaged.

The above-mentioned strategies will not only help you to keep your employees motivated but also result in their productivity and efficiency. You can learn more by taking our ‘Problem Solving Courses’ that are specially created to tackle the unexpected challenges of the business world.

To join our free Webinar on “Motivate And Engage Employees During COVID-19”,

Click herewww.facebook.com/badabusinesspvtltd.

Date & Time:  Sunday 30th May 2021 | 7 PM-8PM

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Webinar

How To Create Wealth Using Asset Allocation?

Simran has just landed her first job. She is excited about her new job, but also keen to save and invest in her future. However, just like many others, she is confused about where she should start.

Some of her friends are trading in the stock market while others are thinking about invest in PPF. But, Simran is way too worried and is pondering over her investment options as she does not want to take too much risk with her hard-earned money.

Though bank deposits are a safer option, the fixed return is not appealing to her. When it comes to investing in a mutual fund, she is not sure which mutual fund she should buy and invest in, as there are plenty of choices.

So how should she make her investment choices, so that over a while she can save and build wealth too?

Does Simran`s story sound familiar to your own? Don`t worry! You are not alone!

Only 4% of Indians prefer to invest in stocks, and exchanges along with many scams are to be blamed for keeping them away from equity markets.

“We have a market that is not safe for investors to a large extent”, says Ashish Kumar Chauhan, CEO & Managing Director of Bombay Stock Exchange.

And with thousands of bonds, stocks, and mutual funds to choose from, making the right decision to invest can confuse even the most seasoned investor. However, if you do not take the leverage of it, you will undermine your own ability to build wealth and secure financial life for retirement.

So what is the first step towards building wealth? Instead of selecting stocks, begin by deciding what percentage of stocks, bonds, and mutual funds you want to hold. This process is known as asset allocation.

What Is Asset Allocation?

Asset Allocation is a brilliant investment technique. It involves creating a portfolio that aims to balance risk by dividing assets into major categories like bonds, cash, real estate, stocks, and derivatives.

Each asset class has distinct levels of return and risk. Hence, each will behave differently over time. Where one asset category can increase in value, the other might not give that much return. Though some see this technique to get mediocre returns, it is the best protection plan for people like Simran, who don’t want to take much risk.

However, there is no single or set formula for asset allocation that guarantees good returns. And if there were, it would be difficult for us to explain it here.

We have outlined 3 essential points that you must consider when thinking about asset allocation:

  1. Risk against Return

Asset allocation is all about the risk-return tradeoff. It forms the basis of the entire technique. Everyone wants the highest possible return, but it is more than just choosing high-potential assets.  Moreover, it isn`t always the best answer!

The financial crisis of 1929, 1981, 1987, and 2007 to 2009 are the best examples of how investing only in stocks with the highest potential returns is not the most prudent plan of action. Every year your returns are going to be beaten by another investor, pension plan, and mutual fund, etc.

The ability to weigh the relationship between risk and return is what makes an investor successful.

  1. Timing is Crucial

For every 10 years, you delay saving for your long-term future goals, you have to save three times as much every month to catch up. Starting early like Simran allows you to take advantage of compounding and the time value of money. It also gives you a buffer for making high-risk investments, namely stocks.

  1. Know your Goals!

Whether it is Simran or any one of us who is working, we all have goals! Goals that we want to pursue and fulfill. Be it owing to an apartment, a car, international vacation, or building a startup, you must think about an asset allocation plan with the right mix.

For long-term goals, you do not have to worry about fluctuations in the short market. However, for short-term goals, you may need to tilt your asset allocation to fixed-income investments that have less risk.

Once you determine the right mix of bonds, stocks, and other investments, it is time to implement it. Categorize your stocks or bonds according to their maturity- short, mid, or long term.

On the last note, there is no single solution for allocating assets. Just like Simran and her friends, individual investors require individual solutions. Asset allocation is not a one-time event. You can modify it according to your future goals and requirement. It is a life-long process of progression and fine-tuning.

To join our free Webinar on Asset Allocation,

Click here: www.facebook.com/badabusinesspvtltd.

Date & Time: Sunday 23rd May 2021 | 7 PM-8PM

To gain in-depth knowledge about the stock market, watch https://youtu.be/L_iJCNzDe-s.