Tag: Investment

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Finance

7 Essential Financial Tips For Beginners

7 Essential Financial Tips For Beginners
7 Essential Financial Tips For Beginners

Many people these days like to know where they are putting their money. They would establish a budget for their daily expenses or take a more active role in managing their expenses. However, they don’t know where they should start. This scenario is more common with young adults who have just started earning or got their first paycheck.

But with an abundance of expert advice, beginners often feel overwhelmed and confused about where they should start. So, if you listen to Dr. Vivek Bindra- the best motivational speaker in India, you can learn some really useful money management tips from him on his YouTube channel.

If you are starting your journey toward money management, we have got you covered. Here are 7 tips to help you actively track and manage your finances:

1.  Think About the Destination

Though you can start without having a goal in mind. But that would be a complete waste of energy, effort, and money that you are saving. Most often, people work to get through their day and pay the bills. But seldom does anyone think about why they are working and what their goal in life is. So, apart from your expenses, income and savings, think about the final goal that you want to achieve in your life. It is important to have a vision in your life.

2. Track your Money

It is very important to know where your money goes every day, every week, and every month. This forms the crucial foundation for a financial plan. If you use cash, it could be difficult to track it down. However, you can always note down your daily expenses and monthly bills like rent, and phone bills to keep your money organized. This will help you to build the proper groundwork for a new financial plan.

3. Determine your Net Income

Before you retire, you need to save money to lead a comfortable life. Hence, saving is non-negotiable. When you are tracking your money down, ensure that the first thing that you take into account is to look at the net income amount. Your net income amount is what you save after 15% of your gross income goes into multiple different types of accounts.

4. Use Multiple Bank Accounts

If you use one single account for multiple purposes, it could be difficult to plan your budget. Keep your budget to under five categories and use multiple bank accounts for each category. This way you can easily track your account balance without having to number crunch each time.

5. Transfer Money into Investment Account

Budgeting is not always fun! It is hard, so you should keep it simple. Just transfer the amount of money out of your account to your investment account. Your investment account should be different from your savings account. By investing for the future, you are less likely to transfer the money back into checking and spending it.

6. Reach Out to Your Network

Entrepreneurs leverage more from forging relationships and growing their network. So, reach out to your network and you will be surprised to find some of the best templates and tools for managing finances by just asking other startup businesses. You can also hire a business coach to help you grow your network.

7. Understand Your Investment Goal

Are you planning for retirement or do you simply want to save so that you can fund your startup? You need to understand and be clear about your investment goal. It is also important to understand the investment horizon. Keep it for two years when investing in the market because the ‘buy low, sell high’ theory needs you to keep an eye on the market.

The seven tips from professionals will not just guide you on your way to saving money, but will also help you to create wealth. So, keep these tips in mind and let us know how they work for you!

Starting a business may sound exciting but is indeed a hard deal! If you have no prior experience, it could lead to a downfall. So learn the skills from the master via Business Coaching Program by Dr. Vivek Bindra. To know more, visit: www.badabusiness.com

Categories
Startup

5 Small Startup Business Ideas To Start In 2023

5 Small Startup Business Ideas To Start In 2023
5 Small Startup Business Ideas To Start In 2023

Starting one’s own business is everyone’s dream. However, most budding entrepreneurs see their dreams in cold water due to lack of funds and sometimes due to a lack of good ideas.

But, if you possess some special skills you can start your own small business with low investment. Today, with a great business idea and help from the best business motivational speaker in India, you can start a small online business with minimum investment. While some profitable small business ideas can be operated from your home, in other cases, you may need to lease small premises.

A good business idea may seem hard to come by, but with some planning and preparation, you can easily launch a profitable small business to supplement your income — or become your full-time boss.

Here are five small online business ideas that can be started even in small villages and rural areas that can be considered to increase job creation:

1. Start Your Blog

Various bloggers are making handsome incomes by writing about their passion or expertise. Try to understand your niche by using your content and you will make more money with your blogging career. According to a report, 73% of the bloggers who earn above INR 8 lac per year focus on their content. Make a content calendar and start building a loyal audience base using various email marketing and marketing automation software.

2. Jewelry Making

If there is one thing after food that never goes out of fashion and demand is beautiful pieces of jewelry. The best example of it is that even during the COVID-19 pandemic when many businesses were shut down, the demand for artificial jewelry pieces stayed high.

There are portals like TradeIndia where people can create an online shop to contact good manufacturers for procuring jewelry and selling it. Also, the first customer of the business can be your friends and family members who can endorse your products in their circle. To grow your online business you can consult with a motivational coach for entrepreneurs.

3. Baking

If you have a thing for a bakery, you can also start your own bakery business. This business does not require a large investment. You only need a minimum investment to procure an oven and buy ingredients for baking. When starting from a small scale, there is no need of doing branding. However, it is essential to focus on the quality and delivering a product, which customers would relish. This business can be started with an investment between INR 15,000 and INR 25,000.

4. Homemade Candles

In the last few years, many people are getting inclined toward aromatherapy and scented candles. Candles are a wonderful way to enhance the interiors of homes and for gifting purposes. You can start this business online with a minimal investment either by manufacturing it at home or procuring it from a third party.

You will require wax, wick, molds, thread, aromatic oils, and more to start your business. Apart from this, you will also need to have some candle-making equipment, which includes a melting pot, pour pot, thermometer, weighing scale, hammer, and an oven to melt the wax. Once your business starts growing, you can also hire a motivational coach for entrepreneurs.

5. Graphic Designing

From designing marketing collaterals, including posters, banners, and logos to creating stunning designs of landing pages, graphic designing offers an ocean of opportunities to those who are passionate about their work. You can pitch your design skills to small business owners or individuals to start your gig. If you have prior knowledge of this field, then getting clients would be helpful. However, learning the basics of graphic design from scratch is pretty easy, with a vast number of online courses.

If you have a great small business idea, you can begin to work on it because they require minimum investment. To ensure that your business runs smoothly, you can also consult with the best business coach in India.

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, you can visit www.badabusiness.com.

Categories
Startup

5 Small Investment Business Ideas You Can Start Today

5 Small Investment Business Ideas You Can Start Today
5 Small Investment Business Ideas You Can Start Today

Summary: A good business idea is difficult to come by. But with the right planning, one can kick start a small business with minimum investment.

The first step to becoming a successful entrepreneur is to have a good business idea. There are many business ideas that one can start, but not everyone is ready to invest a large sum initially. Maybe you already have an idea but are hesitating due to a low budget. To help you get started here is a list of small business ideas which you can start easily.

Here is a list of 5 part-time small businesses that you can begin with minimum capital:

1. Resume Writing

If you love writing and have an eye for detail when it comes to writing interesting resumes and cover letters, you can help others and charge them for your services. Many people are not good at writing their resumes. Hence, they download a common template from the internet and fill it with their details. Result? Sloppy, poorly written, inadequately proofed resume and cover letter after the next!

You can either do this business full-time or embrace it as a freelance job while keeping your day job. Either way, you can earn good money. All you need is a good website! To know how you can design a website and increase visitors, you can take a business coaching program online.

2. Paper-Mache Craft

If your heart and soul lie in something creative and environment-friendly too, then give your entrepreneurial dream a kick start with a paper-craft business. Paper-Mache craft items are made of paper pulp mixed with glue.

The best thing about starting a paper-craft business is that it does not require a large investment. The raw materials and designing techniques do not require special tools. This craft includes pendant lights, bowls, decorative flowers, and other home décor items.

3. Tiffin Service

As more and more people are migrating to other cities across India due to jobs or for their studies, the tiffin service has become a profitable business idea. People these days have such a busy schedule that they are looking for home-cooked options. Women who want to be financially independent can start this business with a minimum investment of INR 15000.

All you need to do is research your target clientele and a bit of promotion. Word-of-mouth is your best bet in a tiffin service business. So cook lip-smacking dishes and see your clientele growing in large numbers. Once established, you can learn how to scale your business to earn more profit by taking help from a business coach.

4. Photography

Love clicking beautiful pictures that can leave people awestruck? From newly opened cafes and bistros to real estate firms and auto dealers, many businesses are in constant demand for stunning and high-quality pictures of their products.

Photography is competitive, so you’ll want to develop a focus or a niche. And you’ll need to do some marketing to attract clients. So think through who your target market is, what kind of photography you’ll offer, how you’ll differ from your competitors, what kinds of packages and pricing you’ll offer, and what your marketing message will be.

5. Tutoring

If you are a subject matter expert, excel in sports or music, or are simply brilliant at math and science, you can start tutoring adults and children. You can provide online tutoring on skill platforms right from home without requiring any investment.

Even if your full-time job leaves you with no or very little work, you can pursue the above-mentioned small pass-time businesses with a few hours over the weekend. Kick-off any of these businesses to fuel your entrepreneurial dream.

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

62-Year-Old Runs Dream Restaurant Successfully Post Retirement, Serves Homemade Food with Love!

Success Story Of Smita Surendranath Blaggan
Success Story Of Smita Surendranath Blaggan

Summary: Chasing a long-cherished dream, 62-year-old Smita Surendranath Blaggan started Lake View Restaurant in Goa.

Who said after a certain age retirement is the only resort for elderly people? Inspiration can find you at any age! The only thing that it demands is that you recognize your calling. Discovering passion and rekindling your dreams at the age when people expect you to retire is the new ‘IN’ for senior citizens.

The person who we are talking about is Smita Surendranath Blaggan- a 62-year-old restaurateur based in Goa who after getting retired from her government job made her way into the hospitality sector chasing her dreams. Her lake view restaurant is the labour of love and passion of hers and her son Rohit (30).

A Blend of Diverse Culture

Born in Karnataka’s Dharwad district, Smita is a Maharashtrian who married into a Punjabi family. The stark contrast between the two cultures would have given a cultural shock to anyone. However, for Smita, it was a boon. With such a diverse family background, she received exposure to multiple cuisines and flavours.

Not only is she well-versed in different world cuisines such as Italian and continental, but also speaks multiple languages like Punjabi, Konkani, Goan, and Maharashtrian. Smita likes to make all the spices on her own that she uses in her lip-smacking dishes. When it comes to shopping for raw ingredients such as fruits and vegetables, she ensures to do it on her own.

However, the Journey was not Easy!

Smita and her son Rohit started their restaurant in March 2020. But before they could start their operations, the nation went under lockdown due to COVID-19. The following months were full of uncertainties, anxiety, and a sense of unease.

But as they say, good things and good coffee take time to brew, this mother-son duo waited patiently during that time as they were super-confident about their food cooked with delectable flavors and lots of love.

All Roads Lead to Good Food

Recalling her younger days, Smita says, “I remember cooking as early as 10 years old, making jawar roti for my father. Even after I got married and moved to Goa in 1986, food played a very important role. I am a foodie and so I’m always on the lookout for new cuisines and foods to try.”

She continues, “My mother and mother-in-law were both wonderful cooks and I have learned a lot from both of them. My love for good food was so strong that I enjoyed coming into a Punjabi family and learning so many new things. In fact, after eating my mother’s mutton curry, the smell would linger on my fingers for up to three days and I would love that.”

Soon after her marriage, her place became the favorite spot for everyone when it comes to relishing delightful food. From her husband’s colleagues and bosses or her children’s favorites, the food that she whipped attracted people like a magnet.

The 60s’ Gave a New Direction to her Life

For many people starting a new business post-retirement happens by chance. But Smita always wanted to own a restaurant. It was a conversation that she often had with her late husband as well. Every time she would host a bunch of people at her home, her husband would often suggest that food is her true calling.

The restaurant was started when her son Rohit returned to India from Dubai in 2020. Starting initially with a minimum investment of about INR 25 lakhs, her restaurant is located right next to a shimmering lake with a seating capacity of 150, which provides this place an edge over other cafes.

Fun, Food & Flavours

Along with a spectacular view of the beautiful lake, Smita ensures that her guests receive nothing but the best Goan food in Goa. She is particular about everything that happens in her kitchen. From making garlic and ginger paste to the freshly pound masala, everything is made once the order is placed.

Smita says that every day comes with its unique challenges which make life even more interesting. She says, “What is life without some masala and drama.”

From flipping the pages of a cookbook as a young girl to now becoming a proud owner of a restaurant enveloped in the aroma of her various recipes, Smita shares that she is living the dream of her life.

Do you have a business idea that you would like to turn into reality? Don’t wait! Start working on it today! 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
Finance

7 Best Tips You Should Consider Before Investing In Mutual Funds

7 Best Tips You Should Consider Before Investing In Mutual Funds
7 Best Tips You Should Consider Before Investing In Mutual Funds

Summary: Mutual Funds are one of the most popular tools of investment in India. A collection of bonds, stocks, assets, and money market instruments come with many benefits.

Warren Buffett once said, “Risk comes from not knowing what you are doing.” And when it comes to investment his words stand true. When you know how the market works, what kind of risk it involves, and know the essential tips and tricks of the same, you can become a good investor.

For beginners, Mutual Funds are the safest option to start investing in the market. Mutual Funds enable an investor with limited capital to make investments in various schemes like SIPs with as little as Rs. 100 or Rs. 500 to generate better earnings.

A mutual fund is an investment scheme made up of a pool of money collected from many investors to invest in various securities. The fund manager then uses these funds by investing them to purchase various securities including gold, stocks, bonds, etc. Each mutual fund will have a certain objective and different returns.

Before you decide to invest in mutual funds, follow these 7 tips that will help you to make a better decision in investing your money:

1. Read About Mutual Funds & Its Benefits

The new age investors believe in making passive income by making their idle money work for them. However, very few understand its true meaning and how to make the most of it. Many individuals are aware of the benefits that come along with investing in the stock market. But very few know that routing such investments through mutual funds would prove to be more effective.

Hence, you need to read as much as it is possible about Mutual Funds and how they work. What are the benefits and how you can reduce the risk that comes along with investments in just one asset category?

You can also take help from a wealth creator. He or she can help you in making investment decisions, just like a business coach helps you in taking critical decisions related to your business.

2. Learn about types of Mutual Funds

Mutual funds are segregated into distinct categories by asset class. They are divided into stocks, bonds, and cash, and then furthermore based on their style, objective, or strategy. There are three types of Mutual Funds in India:

a). Equity: High on both risk and potential returns, these investment schemes are the favorite of seasoned traders. However, beginners and investors with a low appetite for risk are cautioned before investing in any equity-oriented Mutual Funds.

b). Debt Mutual Funds: If you are risk-averse but want great returns on your investment, debt mutual funds are suitable for you. These fund schemes mostly invest in debt instruments like government bonds, corporate bonds, etc.

c). Balanced Mutual Funds: Also known as hybrid funds, this type of investment put money both in stocks and bonds. Its diversified nature provides balance and a perfect blend of both risk and rewards in terms of investments.

3. Find Your Objective

Before you decide to invest in mutual funds, you must know your objective. For instance, you can invest in equity funds, if you have long-term financial goals, but if you have short-term or medium-term financial goals, you can invest in debt funds.

Hence, your first step should be to decide on a goal. The time frame you are looking for and the returns that you are expecting will help you choose a fund that is best suited to your objective.

4. Learn About the Risk Involved

When thinking about investing, it is essential to know that the risk factor remains constant no matter which investment scheme you pick. However, there are numerous options available to help investors find one scheme that matches their risk appetite and return on investments.

5. Check the Expense Ratio

For the proper management of your funds, a commission is charged which is known as the expense ratio. As an investor, you need to figure out how much expense ratio a particular fund is charging, as it is calculated across the investor`s total portfolio and will have a significant impact. Hence, always pick a mutual fund that comes with a lower expense ratio.

6. Check Taxable Income on Your Investment

How much income from a fund will be taxable is something every beginner must consider. The returns from equity mutual funds are taxed based on the holding period and the applicable tax rate. Mutual funds are often efficient in terms of post-tax returns. For instance, long-term capital gains are taxed at 10% over and above the exemption limit of INR 1 lakh while short-term capital gains are taxed at a rate of 15%.

7. Track Past Performance of the Mutual Fund

It is crucial to check the track record of a particular Mutual Fund scheme before investing. From the duration to ‘Assets Under Management (AUM), you must learn everything related to the investment scheme you are planning to put your money in. Also, check the investment style of the fund manager and opt for a fund where the manager shows consistency irrespective of the market cycle.

Mutual funds are subject to market risk, which is why doing a fundamental analysis of a particular investment scheme becomes paramount. But, do know that no matter how good a fund has performed in the past, it won’t guarantee that the mutual fund will do well in the future. Keep these tips in mind before investing your money in a mutual fund.

LFP Plus by Dr Vivek Bindra

Categories
Startup

5 Indian Startups To Join The Elite Unicorn Club In 2022

5 Indian Startups To Join The Elite Unicorn Club In 2022
5 Indian Startups To Join The Elite Unicorn Club In 2022

Summary: Seven months into 2022 and India has already added 19 new unicorns.

While 2021 was a blockbuster year for unicorns, the year 2022 has started just on the right track. Just seven months into the year, India has seen 19 startups that have entered the elite unicorn club. The total count of Indian tech startups to enter the unicorn club stands at 105.

Let’s take a look at the number of startups that have made it to the club:

1. FRACTAL

Founded in 2000 by a five-member team, Fractal is an AI and advanced solutions startup. The core team of Fractal is an IIM Ahmedabad alumni- Pranay Agrawal and Srikanth Velamakanni along with Nirmal Palaparthi, Pradeep Suryanarayan, and Ramakrishna Reddy.

Its latest round of funding made it the first entrant into the unicorn club in 2022. Fractal has raised a total of $685 Mn funding  over 5 rounds. The Private Equity round saw $360 Mn raised from TPG Capital Asia and secondary share purchases from funds advised by Apax Partners.

This startup of India has also raised $100 Mn from the Malaysian sovereign fund Khazanah in 2016. The 21-year-old startup provides artificial intelligence and advanced analytics solutions to Fortune 500 companies. Fractal Analytics is among a handful of companies that have taken over two decades to enter the unicorn club.

2. LEAD

By raising $ 100 Mn in a round led by WestBridge Capital and GSV, LEAD School has raised a total of $166 Mn in funding over 5 rounds. Founded by Sumeet Mehta and Smita Deorah in 2012, this Mumbai-based startup was the first Ed-tech startup to enter the Indian unicorn club in 2022.

In 2021, edtech startups raised over $4.7 Bn to emerge as the third-most funded Indian startup sector 2021, with only eCommerce ($10.7 Bn) and fintech sectors ($8 Bn) attracting more investment.

This edtech startup of India enables schools to combine technology, curriculum, and pedagogy into an integrated teaching and learning system. It is the country’s sixth edtech unicorn after BYJU’s, Unacademy, Eruditas, UpGrad, and Vedantu. LEAD claims to have more than 5,000 schools from across 500 Indian cities on board, serving more than 2 Mn students across the country.

3. DEALSHARE

2022 saw this Bengaluru-based startup Dealshare entering the unicorn club at a valuation of $1.62 Bn. The Bengaluru-based social commerce startup raised $165 Mn in a Series E funding round. The round saw participation from existing investors, Tiger Global and Alpha Wave Incubation, alongside new investors, Kora Investment, DF International Partners, and Twenty Nine Capital Partners. The segment’s biggest milestone last year was Meesho’s entry into the unicorn club.

DealShare was founded by Vineet Rao, Sourjyendu Medda, Sankar Bora, and Rajat Shikhar in September 2018. Targeting the middle-class population, enables first-time internet users to shop online. The startup’s gross revenue has increased by 10X over the last year with an ARR of $750 Mn for FY22. It sells grocery and household essential products through social media and messenger platforms like WhatsApp.

4. LIVSPACE

With its series F round, Livspace became the sixth unicorn of the year. The Bengaluru-based startup raised $180 Mn from American investment giant KKR & Co, Jungle Ventures, Swedish retail giant Ikea, Venturi Partners, and Peugeot Investments.

Founded by Anuj Shrivastav and Ramkant Sharma in 2014, Livspace is a home renovation and interior platform. It provides an end-to-end home design experience. The startup’s online marketplace also offers software tools that can help designers and homeowners design interiors. Livspace has raised close to $450 Mn across 10 funding rounds. It has raised $90 Mn in a series D round, led by Switzerland-based investment firm Kharis Capital and consumer space-focused Venturi Partners.

5. XPRESSBEES

With its Series F funding round led by private equity funds Blackstone Growth, ChrysCapital, and TPG Growth; the Pune-based startup Xpressbees is the latest entrant to the Indian unicorn club of 2022. The round also saw participation from existing investors Investcorp and Norwest Venture Partners, thus helping the startup’s valuation soar close to $1.2 Bn. With this investment, Xpressbees total funding has touched $500 Mn.

Every successful business was once just an idea. It is determination, persistence, passion, and grit that turn imagination into a reality. If you too have a business idea, don’t hold yourself back! Work towards it with professional guidance from the experts.

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 exclusive Foundation courses, specialized courses, and value-added courses. Join our Business Coaching Program that will help you to gain deep insights into the business world. To know more, visit: https://www.badabusiness.com/BCP-Event/?pp_code=BHBB000078&ref_code=SM

Categories
Motivational

Top 4 Mindset Milestones Every Entrepreneur Should Reach For Success!

How entrepreneurs can attain the perfect mindset for business
How entrepreneurs can attain the perfect mindset for business

Summary: Having a proper business mindset is required for starting any venture. But what exactly is a “proper business mindset?” Find out in this article.

We all have heard about the expression that your thoughts greatly shape you as the individual you are in the current moment. Our thoughts have a great impact on our personality and our life.

If you listen to or follow any business coach for entrepreneurs, you must have come across a common recommendation for developing a proper business mindset. Many successful leaders often emphasize the importance of the right mindset and how developing it can be beneficial for personal and professional growth.

But, what exactly is a “proper business mindset?”

In simple words, it represents a certain way of thinking that implements various growth strategies, people skills, and approaches to challenges and situations that together help you move forward with your initial plan. It not only helps in professional situations but also in personal life. So, it’s only natural to implement a success-oriented mindset into the field of entrepreneurship.

Here are the top four mindset milestones for entrepreneurs that will make the whole journey far more successful, wise, and even a bit fun:

1. Quit the Mindset that You Will Make it the First time

Many entrepreneurs often expect success out of their business ideas. Having trust in your ideas and confidence in your caliber is something that is an essential entrepreneurial trait. However, if you do not look at the failures along the journey as a normal process, then they can hit you hard if it happens.

This may lead to discouragement, discontent, and a decrease in your self-confidence, and recovering from that one will be quite challenging. Ask any business coach and he or she will suggest that instead of expecting success on the first try, keep your mind open and be ready for any type of scenario. Always, remember to view failures as an incredible source of learning mistakes.

2. Hire a Team of Professionals

As your business will start evolving, you would certainly need support. That’s when the hiring process takes place. Many young entrepreneurs often lack the confidence to hire professionals. So, they end up hiring less experienced people with doubtful work ethics. Recruiting the wrong talent can prove to be detrimental to your business in its early stages. So, always ensure that you hire the right people for the right job.

3. Invest, Invest, Invest

Starting a startup is like investing for a lifetime. If you thought that the initial investment is the only investment that would need to be made, you are greatly mistaken. Maybe your business will become a hit with your target audience and your revenue will start growing. But, before booking yourself an exotic international destination, stop for a second. A business is like a child. It will require constant investment, funds, energy, and time. Accept the fact that you need to reinvest a huge portion of your profit back into the business.

4. Adhere to Business Fundamentals, but Stay Open to New Approaches  

The business world can be incredibly dynamic with lots of trends and distinct approaches. Staying abreast with the new and familiar with the old-school business techniques is crucial for any business to stay relevant in this ever-changing world. We all may have certain preferred methods of work but we should also pay attention to new organizational trends, and be flexible and ready to embrace changes.

There are various business leaders to whom a business mindset comes naturally. However, the majority of us will probably need to further educate ourselves on the best practices and try to implement them in our growth strategies for our business. Having a startup business has many bright sides and it constantly keeps on teaching you how to rise to the next level of growth and self-development.

So, with these simple ways, you can start working upon yourself to develop a proper mindset for your business. You can also follow Dr. Vivek Bindra- the best motivational speaker in India to get business tips for your startup.

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 business courses, visit: www.badabusiness.com

Categories
Marketing

4 Mistakes To Avoid While Investing In Stock Market

4 Mistakes To Avoid While Investing In Stock Market
4 Mistakes To Avoid While Investing In Stock Market

Summary: While investing in stocks it is easy to get carried away by numbers and record highs. Don`t make these mistakes in the stock market especially when it’s too tempting.

Investing in a stock market is a serious affair and a long-term game. Despite this, many investors in India tend to succumb to their emotions every time the market hits a new high. There have been many firsts for the Stock Exchange. When it hit 1,000 for the first time, it was an all-time high! And then it reached 10,000, 20,000, 40,000, or 50,000…and with every new record, the story continued.

There will be a time when the Sensex will cross the 100,000 mark and then 500,000, but we don`t know when that will happen. No matter how many records the market is breaking, the basic rules of investing don`t change. If there is one important thing that you should remember while investing in the market, it is that market high is not a destination; it is a journey towards wealth creation.

To ensure that this journey is smooth and produces desired results, you can listen to a business motivational speaker who has a good experience in financial investment.

Here are some golden tips that you should consider before investing in the stock market while it rides the bull:

1. Avoid Fear Of Missing Out

Many people suffer from FOMO or fear of missing out when they could not participate in the stock market rally. Recently, the same happened in India and now there is a strong urge to invest before they lose more. But fear of missing out on some perceived gains should not be the guiding principle when it comes to investment. It is best to avoid FOMO because it will lead to many irrational money decisions that will result in losses.

2. The Market is Smarter

A market is a forward-looking machine. It means that the market always sees things we cannot. It has discounted the third or even the fourth wave of the pandemic. However, there is a huge difference between the market’s performance and a nation’s economy.

The Sensex has its own rules, which is why the market keeps proving everyone wrong. This is why investors should not overthink. Focus on diversifying your portfolio, asset allocation, and risk profile. Control the controllable before it goes out of control, i.e., your behaviour, your money, and hence your losses. To know everything about Share Market from the scratch, watch here:

3. Don`t Invest in Meme Stocks or Trending Stocks

You must have heard about various stocks and their sky-rocket prices without any strong fundamentals in place. It is a pure play of operators and the community. Similarly, many people invest in penny stocks and meme stocks in India based on the news for a quick gain. However, always know the fact that whenever a stock is trending, it is trending for the wrong reasons.

It is important to remember that you are investing in businesses and not in stocks. Find good businesses, and avoid investing in memes and penny stocks. Understand your risk profile, and financial goals, and do thorough research before you pick any stock, the way you do it before buying a car or a house.

4. Don`t Follow Anyone Blindly

Be it Rakesh Jhunjhunwala or Warren Buffett, never follow anyone blindly. These legendary investors are experts in the stock market and there is nothing wrong with their investing advice, but the issue lies in following any advice blindly. If you follow Warren Buffett, you must be aware of his famous quote on diversification. He says, “Diversification is for the ignorant.” It simply means that those who know how to pick the right stock at the right time should only invest in a few stocks instead of spending on multiple stocks across multiple sectors. But this does not always work for a retail investor.

When you invest only in a few stocks, you put yourself at a huge risk of having a concentrated portfolio. So always have a diversified portfolio, unless you have the money, time, and expertise to select stocks like Warren Buffett.

Never invest in one go, especially when the market is showcasing high fluctuation. So unless there is a good correction, always spread your investments into tranches. For example, if you have Rs. 5 lakh to invest, then divide that into five or six months and invest accordingly.

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
Business motivation

Top 4 Business Tips to Improve your Return On Investment

Top 4 Business Tips to Improve your Return On Investment
Top 4 Business Tips to Improve your Return On Investment

Summary: Finding ways to increase your business’ profits can be challenging. But with a little innovation and creativity, you may be able to move the needle substantially.

Every business analyzes its future by identifying past and potential financial returns. ROI or return on investment is a ratio of your company`s net profit compared to your financial investment in the business.

Many people often confuse this term with the profit margin. However, ROI is the financial return that you receive from spending money and not the profit received from the sale of goods and services. It helps the leaders to make informed decisions by kicking the guesswork out of the window. To know how you can increase the ROI of your business, you can attend Leadership Funnel Program 2.0 by Dr. Vivek Bindra.

Why is it Important?

The ability to calculate return on investment is crucial for every business, regardless of the company`s size or industry. A businessman is considered smart if he manages his expenses and monitors ROI regularly. Only businesses that can analyze ROI, survive in the long run.

So how can you improve your business`s ROI? How can you ensure that your business`s ROI is always increasing, no matter what?

Want to know which type of business model will give you high ROI? Watch it here.

Here are three ways that will help any business to receive higher ROI in every season:

1. Invest in High-performing Marketing Platforms

As part of their marketing strategies many companies often buy ads from Google and Facebook. But these platforms take a lot of initial investment before they could give you a significant return. If you want to increase your ROI without investing such a large amount, you should look for other platforms like YouTube and Instagram.

2. More Discounts Means Less Profit

Most often than not, many business owners purchase inventory from distributors and lend it to the market on credit. This technique only results in loss- loss of inventory and loss of return. Why? The reason is that you purchase the stock after making the payment in advance to the distributor. However, when you gave the stock on a credit basis with receiving the down payment, you will be deprived of the funds.

Hence, you will have to offer your stock or products at a discount that will eventually hit your profit margin. Always choose a business model where once you sell a product, you get your money back. You can become a franchisee of Bada Business to earn profits every week.

3. Choose a Business Plan with Zero Inventory Management

If you have a small business that stores goods in a warehouse, then managing inventory is an essential part of how you can control your stock. Inventory management is like storing ice. Once you have kept ice inside the warehouse, it will melt down into the water and will drown your profits under it, if you do not manage your stock smartly.

As the time of the stock increases, its shelf-life, as well as the price, begins to decrease. For instance, electronic devices and gadgets experience a price drop as soon as a new model with upgraded technology is launched. From perishable to non-perishable items, the value of stock starts decreasing if the goods stay in the warehouse for a longer duration.

Hence, it is best to order those goods that are popular and have numerous takers in the market. You can also pick a business plan that does not require you to stock up goods in a warehouse. To gain in-depth information from the experts, join India`s most powerful business training event ‘Leadership Funnel Program’ by Dr. Vivek Bindra. 

4. Margin

Whether you have a retail store, commodity business, mobile repair shop, or restaurant business, the profit margin is limited to 10%. However, the margin is not fixed and may be hit by external circumstances like an increase in cost, wastage of inventory, or expensive credit that can convert profit into a loss.

As an entrepreneur, you should always select a business model that returns high ROI. For instance, a Bada Business Franchise Partner enjoys a 20% to 50% of profit margin, without experience undercutting systems, with fixed prices.

If you are looking for simple and effective ways to improve ROI on your business, you should join LFP Bada Business. This event is designed to cater the modern-day entrepreneurs with practical solutions to business challenges.

To know more about our business training program, visit https://www.badabusiness.com/lfp?ref_code=SM&pp_code=BHBB000078

Categories
Startup

5 Small Startup Business Ideas To Start In 2022

5 Small Startup Business Ideas To Start In 2022
5 Small Startup Business Ideas To Start In 2022

Leaving a 9-to-5 job and starting a small online business may seem like a giant task, especially when the capital is limited. Daily tasks like logistics, managing inventory, marketing, etc., often send chills down the spine of beginners.

Building a successful business is an arduous journey. However, if you have the right plan and the right business strategies, your business can reap benefits for its founders, stakeholders, and several others who depend on it for their livelihood. Today, with a great business idea and the Best Motivational Speaker in India, you can start a small online business with a minimum investment.

Here are five small online business ideas that can be started even in small villages and rural areas.

1. Retail Business

Rural areas generally have more people as compared to urban areas. Hence, consumption and the demand for essential goods are always high. But the supply is relatively low. Opening a small department store or a Kirana store in these areas can be a good, small investment for people who want to start their own business.

2. Artificial Jewelry

If there is one thing after food that never goes out of fashion and demand, it is beautiful pieces of jewelry. The best example of it is that even during the COVID-19 pandemic when many businesses were shut down, the demand for artificial jewelry pieces remained.

There are portals like Trade India where people can create an online shop to contact good manufacturers for procuring and selling jewelry. First customers of the business can be your friends and family members, who can endorse your products in their circle. To grow your online business, you can consult with a motivational coach for entrepreneurs.

3. Home Bakery

If you have a thing for bakeries, you can also start your own bakery business. This business does not require a large investment. You only need a minimum investment to procure an oven and buy ingredients for baking. When starting on a small scale, there is no need to do branding. However, it is essential to focus on quality and deliver a product that customers will relish. This business can be started with an investment of between INR 15,000 and INR 25,000.

4. Homemade Candles

In the last few years, many people have become inclined toward aromatherapy and scented candles. Candles are a wonderful way to enhance the interiors of homes and for gifting purposes. You can start this business online with a minimal investment, either by manufacturing it at home or procuring it from a third party.

You will need wax, wick, molds, thread, aromatic oils, and more to start your business. Apart from this, you will also need to have some candle-making equipment, which includes a melting pot, a pour pot, a thermometer, a weighing scale, a hammer, and an oven to melt the wax. Once your business starts growing, you can also take assistance from Motivational Coach for Entrepreneurs.

5. Flour Mill

Setting up flour mills in rural areas is a good idea. The demand for good quality flour will always be on the rise, especially with most Indians being round-the-year consumers. Opening a flour mill in a village or a rural area is a good small business idea as the equipment is very useful in every harvest season.

If you have a great small business idea, you can begin to work upon it because it requires a minimum investment. To ensure that your business runs smoothly, you can also consult with the best business coach in India.

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 learn more, you can visit www.badabusiness.com.