Categories
Motivational

9 Career Advice From Ankur Warikoo We Wish We Knew Earlier!

Are you anxious about your career choices? Are you worried about how to take your professional career ahead? Worry not! Here are nine pieces of career advice from none other than Ankur Warikoo- a popular face who has his own YouTube channel. He is also the former CEO of Groupon and Nearbuy.

Here is a list of career advice from Ankur Warikoo who will help you navigate all the confusion that we all experience at some point in our lives:

1. You Get Paid for What You CAN Do!

When starting a career, we all have high expectations about the role and reimbursements. But at the initial stage, you only get paid for what you can do. You explore different industries and roles and based on your performance, you make your career. You have to showcase your abilities and then you get paid for those. Later, after you become experienced, you get paid for what you do.

2. You End Up Managing People

No matter in which industry or field you are, every promotion brings you a step closer to managing people.

3. Not Everyone Can Become Managers

Every individual is unique because of their exclusive skills and talents. But this does not mean that they could be good managers too. Managing your job and responsibilities is one thing and managing people who are coming from different backgrounds, beliefs and experiences is completely another ball game.

4. Grow Professionally By Helping Your Peers & Your Boss!

Most people on their first job can be seen working tirelessly even outside their job roles. This simple step not just helps them grow professionally, but also helps them to build networking. The more you make your boss’s job easier by taking on more and more responsibilities, the more you will grow- professionally because you get to learn new things and develop new skills.

5. Grow While Learning

When you start working, always ensure that you are enhancing your skills. A job that gives you experience should add to your knowledge bank as well. If you switch jobs and opt for the same job role, ensure that you are learning something new. If you have three years of experience, make sure that you hone your skills and make it 3 YEARS of experience. Not 1 year of experience done three times.

6. Gain In-depth Knowledge of Your Work

In the early days, it is very important to gain deep knowledge 0of your work, field, and industry. This will give you an edge over everyone else. Deep insights and knowledge will help you in the future. Once you have gained experience, you can go wide. You can explore the horizon of industries and can experiment with distinct roles and positions.

7. Action is Greater than Thoughts

Have a business idea? Then make a business plan along with goals and how will you achieve them. Create a timeline to achieve your goals. An idea remains a dream unless action is taken. No one ever gets rewarded for just having an idea. So work on your idea and never shy away from working hard towards your dreams. You can also take help from a business coach who will mentor you and guide you in the right direction.

8. Respect Your Commitment

Once you have committed, you must fulfill it by beating the odds. When you do what you have promised, you not only become more trustworthy, but it also increases your credibility. The reward for standing by your word and commitment is immense.

9. Be Consistent

“Slow and steady always wins the race.” You must have heard this adverb a lot of times courtesy of the story of a rabbit and a tortoise. The message here is that it does not matter how fast you are running. If you hustle, you grow fast in the short term. However, it is essential to be consistent in your efforts. If you pace yourself, you grow big in the long term.

Everyone has dreams when they start their career, with lots of expectations and high hopes. This career advice by Ankur Warikoo will help you to navigate in the right direction.

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
Startup

These 5 Fundamentals Of Business Will Help Your Startup Grow!

Doing multiple things at the same time and without having a solid business background, being in charge of a lot of things can feel overwhelming. Understanding how to read a balance sheet and a financial statement is just as vital as it is to understand how to make, launch and market the product or offer A-class customer service.

While many entrepreneurs and small business owners hire a business coach, others try to figure out the market trends on their own.

No matter what the nature of the business is, there are fundamentals that every entrepreneur must be aware of to keep their business thriving. Here are five fundamentals that you must know to grow your business startup:

1. Avoid Rushing

While business expansion is on every entrepreneur`s mind, growth and scalability are the product of consistency, persistence, effort, and hard work. However, doing multiple things in a bid to attain instant results can result in a disaster. If your business is in the early stages then do not try to market your product or service to everyone. Target a small niche of consumers first, and then focus on reaching out to a wider audience. Here is a very informative video that will tell you how you can scale up your business. Watch it here:

2. The Regulatory & Legal Framework

Every country has some laws and every business requires certain financial, economic, and legal frameworks in India. Adhering to all the regulatory and legal requirements is required to smooth the working of your business. Some of the legal aspects that your business must include are business structure (corporation, partnership, and sole proprietorship), business name (copyright issues), tax IDs, and permits & licenses.

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

3. Cash Flow

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

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

4. Forge Collaboration & Networking

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

If you don’t have a large circle, go out and meet new people to build meaningful connections. Create a profile on social media and be socially active with influential people. Follow their blogs, and leave comments on their social network profiles.

Engaging with influential people on social media can bring you to their notice. If you work with a business mentor he can also help you build strong connections through his network.

5. Marketing Strategies

Having deep marketing knowledge is a must-know thing for every entrepreneur. Marketing is essential for the growth and profit of any business.

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

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

Entrepreneurs must keep these fundamentals in their mind that will help them to scale up their startup business. Put these to use and with your determination and perseverance, you will see some excellent results.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more, visit: www.badabusiness.com

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Categories
Motivational

5 Winning Habits Every Successful Entrepreneur Should Develop

Summary: Embracing certain habits and best practices can help entrepreneurs achieve their professional and personal goals successfully.

The business world is full of successful millionaires and billionaires who credit their success to good habits. It might be a habit of getting up early or practicing meditation daily, for instance. Or they might take out a dedicated hour for running or simply reading in peace or working with a specific business coach at particular hours of the day.

Personal success can be attributed to a set of healthy habits. Those who stay committed to establishing and maintaining good habits will enjoy boundless success. Though there are many business coaching programs available online which can help you to understand the dynamics of a specific industry in a better way, practicing healthy habits will ensure that you become a successful entrepreneur.

If you are an entrepreneur who is looking to make it big in the volatile business world, here are 5 habits that you should practice regularly:

1. Ready. Aim. Fire

Nothing gets done or no one achieves anything unless one-acts. Hence, it is very important to not just dream, but also act upon it. Make a plan, build strategies and execute it. Make this a daily practice, not only when you are looking to pitch a client, but also in your daily tasks like selling to prospects, identifying clients and partners, and expanding into new markets.

2. Wake Up Early

The reason why waking up early is considered to be the topmost habit of every successful entrepreneur is that many suggest that the body`s natural circadian rhythm is set by waking up at dawn and aligning with the natural process of the day. Many famous personalities like Oprah Winfrey get up at 6:00 am as she takes out time for reflection, meditation, and exercise.

However, rising early does not mean that you need to compromise your total hours of sleep. You can go to bed early to complete your sleep cycle so that you get up feeling refreshed.

3. Prioritize

Being an entrepreneur is not easy. Some multiple tasks and meetings demand your time. However, not every task or meeting holds priority. Hence, it is important to prioritize your work and go down the list in that order. You can also consult your business coach to help you get more organized. This will help you to make your business a priority and not let the pressure of finishing every task in one go.

4. Read

The adage that says, “Books are your best friends”, still stands true to date.  This is why from Warren Buffett to Bill Gates everyone advocates the habit of reading. There are many books related to business, time management, and self-help that can help you to become better equipped and updated with your industry. However, there is one thing that we would like to point out i.e. reading does not stop at traditional media. You can opt for a business coaching program as well in which you can learn and understand the fundamentals of business and its strategies.

5. Connect with other Entrepreneurs

Connecting with like-minded people who share the same goals and vision as yours is very important for the growth of a startup business. You can find new clients, partners, and also mentors via networking. Some of the best ideas emerge when do you brainstorming by discussing them with people who are in the same industry as yours.

You can join the Bada Business community app to connect with professionals coming from different backgrounds with an abundance of experience. It is a platform designed for young entrepreneurs who want to grow in the business world.

Success comes to those who remain committed to their goals with determination and practice healthy habits. You can implement the habits we have mentioned above and believe us you will start noticing results in a few days.

You can boost your sales easily with the right guidance from a business expert.  Learn to generate high revenue earning products for sales; generate payment links for customers, managing account-related details. Get your marketing game back on track with a business coaching program. To know more, visit www.badabusiness.com.

Categories
Process & Business Expansion

5 Effective Ways To Connect & Network With Other Entrepreneurs

Summary: Networking is essential for the growth of small startups business. Find out how you can connect with mentors and business coaches and get inspiration through networking.

Networking can benefit young entrepreneurs, from fresh perspectives that spark business growth to finding new customers, mentors, and contacts to bounce ideas off. It helps raise awareness, find new partnerships, and win over potential customers.

From Twitter to LinkedIn, you can connect with professionals with diverse profiles. And if it is done strategically, networking can greatly help entrepreneurs in India.

Here are five ways that will help you to connect with other small business owners and young entrepreneurs:

1. Be Active in a Community App

Several social networking platforms are popular these days. However, not every platform will be beneficial for young entrepreneurs. If you are a young entrepreneur, then you should join a platform that will connect you with other business professionals for business growth. Bada Business community app is one such platform that offers a unique platform for young entrepreneurs to connect and network with other business owners and potential clients.

This unique app offers points when you like, comment, or share a post that you want. Based on the collected points, your profile is promoted in the community, making it possible for you to connect with many out-of-reach individuals. Not just that, you can attend Free Masterclass that is conducted every week by billionaire professors.

2. Know-How Networking is Beneficial for You

Entrepreneurs must be aware of what they want to get out of networking and how it benefits them. Whether you are looking to find the best business coach, mentors, or partners, networking can help you discover great local suppliers, logistic partners, or retailers who can enhance your small business.

Whether you are just starting a business or you are a successful entrepreneur, networking could be your route to finding more clients. You can also find the Best Motivational Coach in India

3. Don’t Be Afraid to Ask for Connections

Take a step back and have a look at all your existing connections. Every single relationship in your contact list could be beneficial to you. All you have to do is – reach out. You can reach out to all your existing connections and ask them if they have someone in their network that could benefit your business. Also, don’t forget to offer your help to anyone in their circle, as it is a two-way street. You can also consult with a business coach who can use his network to help your startup business grow.

4. Join a co-working space

Getting away from your workstation can be refreshing from time to time. Changing work environment can help spark creativity by breaking the monotony of regular working hours. You can find some co-working spaces for networking purposes. You can also join the Bada Business community app to make some meaningful connections. It is an online community that is available 24/7 for entrepreneurs to discuss, learn, and share all aspects of the business.

5. Keep the Agenda of Networking Clear

People often network rather vaguely. However, it is essential to understand that increasing the number of people on our contact list is not enough. We need to connect with the right people keeping our end goal in mind. Build strong connections with like-minded people who can help us grow.

Entrepreneurs need not only a great product or an excellent service but also the courage to build a wide range of relationships within a growing professional network. Try to imply the five ways that are pretty effective for networking and let us know which one worked the most for you. Join the Bada Business Community App by Dr Vivek Bindra and get closer to your entrepreneurial dreams.

Download the app now: https://tinyurl.com/nhav2kp6

Categories
Technology

The Top 3 Benefits of the Bada Business Community For Young Entrepreneurs

Summary: Networking is an essential skill, and this is why every entrepreneur must join an online community.

When running a business, you need fresh ideas and inspiration to make it successful. And inspiration can come from anywhere. This is why many small business owners on various social media platforms can be found. From YouTube to Facebook, you can see so many people spending more time than ever sharing knowledge and expertise.

One of the best things that have developed through online platforms is trust. When people interact with each other to share their ideas, visions, and dreams, trust is built instantly. When the best corporate trainer like Dr Vivek Bindra shares his business expertise on his YouTube channel for no charge, users develop confidence.

Online communities offer a platform for young entrepreneurs who can go and learn new skills and interact with both customers and potential business partners. Every platform has a different set of rules for engagement, and users often follow them to increase their reach.

Bada Business Community App is one such platform conceived and designed for social entrepreneurs looking to grow their network and have meaningful experiences to drive their business growth. The platform is tailor-made to prepare today’s generation for entrepreneurship.

It has incredible features that will encourage you to learn, grow, and develop more relevant topics to discuss. Let’s talk about its features:

1. Networking is rewarding.

We know that online platforms can be rewarding in plenty of ways. Some can help you reach consumers; some can help you increase followers, and a few other apps can help you get likes. But joining the BB community app can be rewarding in unique ways. You earn points when you join the app and engage with other users by liking, posting, and commenting. Your profile will be promoted in the community based on the points you will earn. This will help you to increase your reach and widen your audience.

2. Get Experience

Many believe that only when we make mistakes do we learn. However, it is not essential. You can learn from others’ mistakes too. On our app, you will meet professionals from different backgrounds who would love to share their experiences, the challenges they faced, and how they came up with solutions.

You will be able to start smoothly and will be better equipped to keep going strong when the times are more challenging. Though you can find many tips online, it helps to hear from the professionals who have tested the waters by sailing independently.

3. Learn from the experts

Bada Business Community app is a platform where many successful entrepreneurs come together to share common ground. It allows you to learn a new set of business skills and others facing similar challenges. Here you can start a thread relevant to your industry and can engage with people.

This is a great place to find a mentor, as many highly successful billionaires conduct free masterclasses on various topics. For instance, if you want to start your dream venture with a minimum investment, you can learn from these experts how to handle clients, build your network, and do marketing of your products and services with zero to a minimum investment.

You may read about various strategies in a book, but there is a vast difference between theory and practical experience. Finding this type of first-hand knowledge in a textbook can be challenging. So why not download the app now to get a unique first-hand experience?

The Bada Business Community app by Dr Vivek Bindra can give a great opportunity to entrepreneurs to establish new network connections. In an interconnected world, our community app is a dynamic tool.

Download the app now:  https://tinyurl.com/nhav2kp6

Categories
Business motivation

8 Most Important Skills Entrepreneurs Must Have

Summary: Being an entrepreneur sounds exciting! But what are the skills that make an entrepreneur successful in this world full of cut-throat competition? Find out in this article.

Being your boss, working for your dreams, pursuing your passion, solving burning problems of consumers—these are a couple of factors that define the life of an entrepreneur. But these are just glorified surfaces.

An entrepreneur also has to take care of multiple roles alone. He not only has to ensure the continuity of the business but also has to take difficult decisions regularly.

So what makes an entrepreneur successful? What are the most important skills you need to have as an entrepreneur? To answer all these questions, we have curated a list of 5 skills that every entrepreneur must have:

1. Curiosity

Curiosity has led human kind to a lot of amazing places and discoveries. That being said, it is a no-brainer to mention that great entrepreneurs have held this aspect of their personality closer to their hearts. An entrepreneur is tasked to discover new challenges, bring innovative solutions, reveal potential niche opportunities, and refractor their original business process. This is possible only when someone is passionate about distinct fields of study and business cases outside of one`s comfort zone.

2. Time Management

Defining milestones, carefully planning strategies, execution and iteration are all essential for a business to keep it evolving. However, none of that would materialize and lead towards progress without the right project management and efficient time management methodology that gets the work done.

3. Critical Thinking

No business has ever experienced the course of a smooth road. This simply means that entrepreneurs must learn how to decipher a problem to its core and reveal growth opportunities. This requires figuring out creative solutions to identify the low-hanging fruits.

4. Efficiency

When it comes to resolving a problem, one needs to be highly efficient. Hence, an entrepreneur needs to be equipped with the best of techniques like applying the 80/20 rule and other techniques that will yield higher results in less time. You must also be able to switch between different chores to experience progress effectively day-to-day.

5. Resilience

Not every day is the same! Some days will be good, while some days will be gloomy. Hence, entrepreneurs need to learn how to handle rejections, burnouts, stress, lack of focus, and slow progress.

6. Networking

To scale business operations, networking is very important. Growing a network facilitates business opportunities, partnership deals, finding investors and future employees. With good networking skills, you can expand the horizon of PR and convey the right message on all fronts. Hence, to be a successful entrepreneur one needs to be able to outreach to open new aspects for your startup business.

7. Finance

Finance management will make or break a business. Handling resources properly and carefully assessing investments compared to ROI is a solid requirement for entrepreneurs.

8. Persistence

As an entrepreneur, you will have to be passionate about your business. You must be willing to give whatever it takes- your time, your energy, money, and any other resources to accomplish your goals.

You must be ready to not give up and persist through trying times to achieve the goals you have set for yourself and your team. No successful entrepreneur has ever had a road full of roses. All of them have their share of struggles to reach their path to success. So, don`t give up, when hard times hit you.

If you have these skills, you can become a successful entrepreneur. However, 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 online courses for entrepreneurs that come with Foundation courses, specialized courses, and value-added courses.

You can boost your sales easily with the right guidance of a business expert.  Learn to generate high revenue earning products for sales, generate payment links for customers, managing account-related details. Solve your problems in just one click: https://www.badabusiness.com/psc

Categories
Motivational

7 Simple Ways To Improve Your Self-confidence As An Entrepreneur

Summary: It`s not just the great money-making idea that makes an entrepreneur successful, but also how confident he is about his ideas and business plan. Let`s dig in deeper.

Confidence and self-esteem are two critical factors for everyone who wants to succeed in their life. From students to entrepreneurs, or any other professional role, confidence plays a key role in shaping up their careers and growth.

Dr. Vivek Bindra, a business coach for entrepreneurs says that many people who are low on their self-esteem often try to cover up what they lack with ego and arrogance rather than working on the issue. This does not resolve their inner conflict; instead, it makes an individual quite difficult to work with.

Entrepreneurs with healthy self-esteem and confidence are more resilient, creative, good listeners, more productive and treat others with respect. Everyone loves to work with them because they often have charming personalities.

While confidence may come easily to some entrepreneurs, others might have to work hard to develop it. Fortunately, the behavior and skills that are required for entrepreneurs to develop can be learned by focusing on the following aspects of your personality:

1. Maximize your strength

Many people often try the tactic of “fake it until you make it”, but it is a losing strategy in today`s complex and highly competitive business world. To be a successful entrepreneur, it is imperative to be aware of all your strengths and weaknesses.

Even the best motivational coach in India will suggest you to highlights your strength, and then build a team around you so that you can fill in for your weaknesses. You should work with them and trust them to help you until you have filled the gap.

2. Improve competence by prioritizing your passions

While some of us take pride in our technological interests, others love marketing and social media or team building. We can`t be good at all things. So as soon as you recognize your passion that you love and enjoy, you will feel more confident in your abilities. Self-esteem comes from greater competence in these areas and if you are love what you do, it will reflect in the work you do. You have the drive and determination to figure out any conflicts or obstacles that might come your way.

3. Be Decisive

Amazon founder and CEO Jeff Bezos often share his leadership advice with all the young and aspiring entrepreneurs who often hesitate to take risks. He says, “All of my best decisions in business and life have been made with heart, intuition, guts… not analysis.”

Being an entrepreneur means taking calculated risks and it doesn’t pay to be hesitant in the business world. If you have all the required information you need to make an informed decision, then take the decision and move on. Don`t fret about it for days, weeks, and month! Always remember that the more decisions you make, the more your confidence will grow.

4. Step out of the box

As an introvert, many entrepreneurs find it difficult to connect and socialize with others. Networking with unknown people can give them chills. However, it is best to push yourself to become more proactive and play a more active role within the organization. To do something by stepping out of your comfort zone can enormously help to increase your self-esteem.

5. Learn from your past mistakes

You can never learn without failures. Failure is the first to succeed. To have plenty of success in your career, failures are paramount. Anyone who claims that they have never tasted failure in their entrepreneurial journey is either lying or hasn`t done anything exceptional. We all gain confidence and self-esteem when we learn new things, and see progress.

6. Find a mentor

Many entrepreneurs often think that hiring a mentor is an overhyped concept. However, hiring the right business coach or trainer can help you navigate through multiple business challenges. A business motivational coach can provide insights that are always enlightening. From human resource issues to making business strategies and analytics, he can educate you more; thanks to his own experience, knowledge, and insights.

A business motivational coach can help you to find loopholes in your business and can guide you to overcome them.

7. Know your business & product

There is nothing worse than having someone ask you about your business, product, or services, and you have no answer. This could be a big confidence shaker. If you have ever pitched your business to any investor, you know that the investors only choose to work with entrepreneurs who can answer their questions in a rapid-fire manner. They appear much more confident than the ones as they appear more composed and credible to the investors.

Implementing the above-mentioned strategies should help you to build confidence and make your entrepreneurial journey smooth and successful. However, there is one very important thing to know: never try to be overconfident. When that happens, you don`t work with an open mindset and you risk making mistakes.

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.

Categories
Startup

Business Networking Tips: Here Are 4 Effective Networking Tips Which Small Business Owners Can Use

Mumbai, December 14: Business networking as a concept has been there since ages, but it is just the technique which has changed. Before the internet, people connected at social events, conventions, seminars and such events. Today, networking has become extremely easier for business networking groups. Business owners can connect with like-minded people through social media, online forums and video calls.

What does Business Networking Mean?

Business networking means cultivating and building relationships with individuals of similar interests in various ways that can be beneficial to people involved. This means getting leads for new businesses, searching for jobs, selling products, hiring employees and other such aspects.

We have curated 4 quick networking tips for you: 

Attend Business Networking Events: Small business owners need to identify the events where they can network. While almost any activity or event can serve as a networking opportunity,  but they should attend local business events without fail.

Develop Relationships: Networking is not about selling, but rather developing relationships that can lead to sales or referrals. The idea is to get to know people and allow them to get to know you.

Follow up: Follow up and staying in touch is one of the basic rules of networking. After the event gets over, exchange pleasantries to show how much you enjoyed meeting them. But, do not add them to your mailing list without their permission.

Be active on relevant social networking channels: In today’s age and day, you can’t afford to not use these channels to find and stay in touch with your customers. LinkedIn is a great business platform which helps you to solve several business problems- like hiring, sharing news about your growth and expansion and connecting with people who might be interested in your business.

It is also very important to join relevant business groups where discussions take part. Try and participate in them. Don’t always try and push your brand into everything. For e.g. Quora is also a great platform for small business owners to be. People post their questions and you, therefore, need to keep an eye to see if there is any relevant question where your brand can fit it.

We hope these networking tips come in handy for your brand.