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Process & Business Expansion

3 Morning Mistakes That Can Cost Entrepreneurs Their Productivity!

3 Morning Mistakes That Can Cost Entrepreneurs Their Productivity!
3 Morning Mistakes That Can Cost Entrepreneurs Their Productivity!

HABIT– This five-character word has immense power, especially for entrepreneurs. A good habit can transform your life magically, doing unbelievable wonders. On the other hand, a bad habit can ruin not just your mood, temperament, and daily life, but also your plans.

Many entrepreneurs are often curious to know about the daily habits of successful people, and how they can inculcate them in their own lives. However, there is one thing that every entrepreneur who is working on a small business startup plan must remember that developing a set of habits doesn’t have to be complex.

Take Satya Nadella, CEO of Microsoft, for instance. He has two key habits that he follows religiously, every morning—gratitude and exercise. Every morning he gets up and pays his gratitude for all the things in his life that he is thankful for. An act of expressing gratitude has been shown to improve mental and physical health. He then goes to the gym and no matter where he is, he commits to going to the gym for at least 30 minutes. People who are physically fit have shown improved cognitive function.

Dr. Vivek Bindra who is one of the best motivational speakers in India often says in his motivational videos on YouTube, “Your mindset often determines how you approach the challenges that come into your life and the people around you. If you have a positive mindset, it will play a significant role to determine your success in leadership.”

But many of us get up in the morning only to surrender to our laziness and not-so-healthy morning mistakes. The cost of making mistakes can be quite high. The time that we waste by remaining caught up in the activities that are unproductive can be used to develop groundbreaking startup business ideas for your business.

Here is a list of mistakes that can cost you productivity and peace every morning:

Mistake 1- Jumping out of bed as soon as the Alarm goes

Certainly, many of you must be thinking how leaving your bed as soon as the alarm goes off could be a bad habit? Surely, forcing yourself to jump out of bed the moment your alarm goes off helps you to start your day early. But very few people know that this simple-looking action can disconnect you you’re your body.

What should you do Instead- Take just a few minutes to stretch and elongate your body, as stretching can help you feel more confident. As simple as stretching your arms into a V shape can boosts incredible happiness, your mood and increases your blood flow to all areas of your life.

Mistake 2: Checking Phone Immediately

Smartphones have become an integral part of our lives. According to a survey conducted by Mobile Consumers, “1 out of every 4 young adults checks their phones within one minute of waking up.” It is tempting to check phones every morning when there is so much information on this small device. But according to the health experts, it is a major mistake.

What should you do instead- Always remember that there is nothing on your phone that can`t wait. Your body and mind are not ready for the type of stimulation that your phone has. When you are waking up, it is important to focus on presence and gratitude, to connect your mind with your body through some morning movements. Write down your goals and startup business ideas if you are planning to start your own business.

Mistake 3- Sleeping in too late

A study reported that “people who get themselves out of the bed at the crack of the dawn responded that they felt “highly productive” 71% of the time as compared to those who snooze until 11 am.

What should you do instead- Now, we are not telling you which hours you should or should not sleeping, but going to bed in time will help you to complete your sleeping hours. You will wake up early and get a couple of hours to set up your morning routine. This will make you more productive and help you to plan your day in a better way. You can also take the help of a professional business motivational speaker to help you set up a healthy routine.

We all have the same 24 hours, and we all must cultivate healthy habits to give our mornings a kick-start. The list of all the above-mentioned alternatives is an invitation to experiment. Stretch out, keep that phone turned off, and try getting up earlier than you are used to and you will see productivity and peace rushing into your life.

To get back your professional and personal life back on track, you can hire the best motivational speaker in India.

For the rest of the challenges in your business, you can take our Problem Solving Courses that step-by-step learning strategy, action plan, frameworks that are designed to empower you with various business functions.

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Business motivation

5 Useful Tips For Entrepreneurs To Grow Successful Business Using LinkedIn!

5 Useful Tips For Entrepreneurs To Grow Successful Business Using LinkedIn
5 Useful Tips For Entrepreneurs To Grow Successful Business Using LinkedIn

Whether you are an entrepreneur who has just started his new journey or a small business owner your company and brand need to have a social media presence. Social media in today`s world is a powerful marketing tool. If utilized correctly, social media can take your business to new heights that would have taken you years to achieve in its absence.

Though there are multiple platforms like Facebook, Instagram, YouTube, and Twitter, we today are going to talk particularly about LinkedIn for entrepreneurs. Since its birth, LinkedIn has been an effective networking tool that helps professionals and businesses alike to boost their professional network. From MNCs to Industrialists, successful entrepreneurs to the best business coaches in India, everyone is giving special attention to their LinkedIn profiles.

LinkedIn keeps evolving itself with many useful features that let businesses of all sizes and revenue post updates and share content. This helps startup businesses to build their company brand on social networking sites.

Entrepreneurs can simply ask their connections through LinkedIn to write a recommendation of your work that you can display on your profile. And, those who are looking for funding for their brilliant startup business ideas, can boost your chances of getting your business noticed by a potential investor.

If you are an entrepreneur struggling to find your voice on social media, nothing can be better than LinkedIn. Here are 5 incredibly useful tips for entrepreneurs to grow a successful business using LinkedIn:

1. Develop Action Plan

Before you straightaway march out towards your laptop to build a LinkedIn profile, you must have an action plan ready. Unlike other social media platforms, LinkedIn is a great source of quality sales intelligence for small business owners. It can help you to raise your company`s visibility, secure clients, build and foster business relationships, and convert prospective clients into loyal customers.

Before coming out all shining on LinkedIn, spend time to make a list of people you see as your business prospects. Once, you do that, the next step is to create a highly personalized note for each person on your list and send them requests. The third step is when you are establishing a dialogue, avoid hard-selling, and instead focus on building a relationship.

To learn how to use networking for your business take online business courses for entrepreneurs like ‘Everything about Entrepreneurship’.

2. Share Professional Stories

Unlike other platforms, LinkedIn is not a social networking platform that is only meant to share food shots, travel photographs, and personal experiences. Hence, the key tip for entrepreneurs is to approach it as a platform to tell professional stories.

Talk about your professional stories- the challenges you faced, the lessons learned, and the milestones that you have achieved in your entrepreneurial journey. This will go a long way to build deeper connections and grow business. If you have no idea where to begin, you can also take help from a business coach. An ideal coach will certainly help you in building network connections.

3. LinkedIn is not like Facebook

Many people confuse LinkedIn with Facebook. However, entrepreneurs need to understand that LinkedIn is completely different from Facebook. Hence, they should not use LinkedIn as a social media site.

Connect only with relevant people, particularly with those who will gain from knowing you. Try sending them an interactive newsletter and relevant content. Do not hesitate to add people who you don`t know. You can also connect with new clients.

Wondering how to use other social media platforms as a powerful tool of business as well? Take our Problem Solving Courses to gain in-depth knowledge about marketing through social media.

4. Do Background Check

With a lot of people present on LinkedIn and make the most out of it, the platform enables entrepreneurs to locate and associate with a wide variety of stakeholders like employees, employers, investors, and partners. Thanks to its versatility, the search cost of performing the background check on LinkedIn has almost been cut down to near zero. It also helps entrepreneurs to unleash their true selves with a new wave of productivity.

If used correctly, LinkedIn can do wonders for you and your business. Entrepreneurs must leverage the platform by using its features to their utmost usage. Many businesses and brands have realized its potential. It`s time for you to unlock the power of LinkedIn for your business.

Find tools meant for rising entrepreneurs just like you with our Problem Solving Courses. From apps to services, to business strategies that let you manage many aspects of your business with the minimum investment of time and money, leaving you free to focus on the larger picture, everything is available at your fingertips.

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Business motivation

How To Build A Strong Business Network When You Are An Introvert Entrepreneur?

How To Build A Strong Business Network When You Are An Introvert Entrepreneur
How To Build A Strong Business Network When You Are An Introvert Entrepreneur

Aditya, a 24-year-old guy, with plenty of revolutionary startup business ideas in his mind and a determination to set up his startup hails from Kanpur, a city in Uttar Pradesh. Surrounded by a large crowd of successful entrepreneurs and young solopreneurs who are chasing their business goals, he is getting nervous with each passing minute.

He can feel the sweat beads forming consistently and rolling down over his forehead against his will, which adds up to his discomfort. He can feel his heart thumping, ready to leap out of his chest. And, while many of you may think that Aditya is about to experience a cardiac arrest, let us tell you that nothing of this sort is about to happen.

Aditya, who has a charming personality and the confidence to sweep any businessman off with his effective communication skills and creative ideas, is also an INTROVERT. Being an introvert means meeting total strangers or attending an event with hundreds of people is no less than a nightmare.

While many people can easily share personal stories while making business contacts, there are also people like Aditya who want to build a strong network and close business deals for his business idea but can`t approach a stranger and start talking. You can also watch video on “Covid Proof & Recession Proof Business Ideas” , here:

Loud and crowded settings are often intimidating for introverts and draining. But in a world that often recognizes an extrovert as the ideal personality, how do introverts get ahead when it comes to building a network?

Here are five tips that can help even the most introverted entrepreneurs improve his or her networking skills:

1. BE YOURSELF

One of the most clichéd tips of all time, yet very effective and true. Accepting your weaknesses and strengths is the ultimate way of evolving both personally and professionally. Beating yourself up for not having an outgoing personality will not help you in any way. It will only create a sense of inferiority that will hold you back in the future.

Make improvements by learning from extroverts, but don`t expect yourself to behave like one. To get uplift your mood and spirits, you can listen to the best motivational speaker in India.

2. CUSTOMIZE YOUR APPROACH

There is nothing wrong if you feel more comfortable in a small group. After someone accepts your invitation to discuss your startup business idea, look for scenarios where you can meet people in settings that are peaceful and ideal for network building. You can invite business investors to small group or in-person activities like a cup of coffee at your favorite café to discuss endless business possibilities.

It may take you more time to meet new people. But, it will help you to overcome your hesitation to meet new people and will build much deeper and significant relationships.

3. ONE STEP AT A TIME

If you too get cold feet like Aditya when it comes to approaching even one person, then fret not! Take baby steps. Do not rush. Do not try to force yourself to go and talk to people when you are not comfortable. Forced conversations can leave a negative impact on your investor.

Begin by exchanging emails or few direct messages on LinkedIn with your business prospect. This will give you a sense of familiarity with the person you are about to meet in person. After you have communicated through emails, take the conversation ahead by meeting them in person. You can also hire a business coach who can help you overcome hesitation.

4. ASK FOR A WARM INTRODUCTION

It is very normal for introverts to remain with that one connection they make in an event for the entirety. However, being an entrepreneur you will have to build multiple connections for your business growth. Force yourself out of your comfort zone. Tell yourself a number and meet as many people within a certain amount of time. Explain that you are a little introvert and it will be amazing if they can introduce yourself.

5. PLAN AHEAD FOR EVENTS

Aditya is not alone in this world! Many people like him begin sweating at the mere mention of attending events. Many people in this world do not find the thought of meeting countless strangers pleasing. But, building a network is an important aspect of a start-up business. A little planning can ease out the entire situation for introverts.

When you find an event that can materialize your startup business idea into reality, you can contact the organizer a couple of days ahead of the event. See if the organizer can help you to make introductions through email or social media. On the day of the event, you will know specifically which people to seek out.

Introverts may find meeting total strangers and converting those meetings into treasured resources quite overwhelming. But as an entrepreneur, you have to have a strong network. So, networking has to be a part of the business plan.

To resolve this challenge, we have many ‘Problem Solving Courses’ that include personality development as well to help you build a strong network.

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Business motivation

5 Commitments Every Successful Entrepreneur Must Make For Business Excellence!

5 Commitments Every Successful Entrepreneur Must Make For Business Excellence!
5 Commitments Every Successful Entrepreneur Must Make For Business Excellence!

Whether you are a passionate and ambitious person for your job where you are deeply invested or planning to start a startup business, there are certain commitments and decisions that successful people have to make. Discipline and determination help to shape them into elite businessmen and –women.

According to Dr. Vivek Bindra- one of the best motivational coaches for entrepreneurs, “each day is a fresh opportunity for mastering the key skills to acquire goals. Success often comes down to having the right attitude and making smart decisions.

So, if you are trying to excel in the business world, here are five commitments you must make to acquire your goal:

1. Appreciate the Good

Most often we are too focused on the bad in our lives. However, it does no good but gives birth to negativity. No matter where you are in your career, find ways to appreciate the work you are doing. Jobs are not perfect and not every aspect of it, you will enjoy.

Make mental notes to focus on the solutions and not the problems. Allow no space in your mind for negative thoughts. When you think in terms of lack, you start making decisions from a negative place. Learn to respect your achievements, understanding that small things make room for bigger opportunities. You can also take help from the motivational coach for entrepreneurs to keep your spirits high.

2. Fear of Failures

“Success is the ability to go from failure to failure without losing your enthusiasm”, this quote by Winston Churchill elaborates the right approach towards your business goals. The road to success is full of failures, disappointments, and setbacks. If you give in to the fear of failure, it will discourage you from walking on the new path.

If you want to be successful, you will have to take a risk and be willing to witness the consequences of those decisions. Just like a good motivational coach, consequences can be your mentor and guide you with quick answers. If you will never take risks, you will never redirect yourself and your business in the right direction.

3. Work Hard for Dreams

It is essential to measure your success with your work ethic. If the pursuit of your success is solely based on money and profit, be aware that your mind will only be focused on the lack of it. Worry blocks opportunity and keeps reminding you of how much you don`t have.

Hence, always set up a mindset that your hard work will generate profit. Always focus on the goals and do not shy away from working hard for them.

4. Expand your Vision

Always be grateful for your achievements, but never be satisfied. Commit to thinking big by setting higher goals. Despite achieving great heights of success, know that you are not done. And it is just the first step.

Most often entrepreneurs become complacent as their businesses begin to generate revenue. However, this results in no innovative business strategies and they begin to lose their grip on the market. Always ask, “What is next?” How can I expand my business further? If you are struggling with certain business challenges, you can also take problem solving courses that are available online.

Never downsize your dreams. Change the path, not the dream!

5. Be Consistent

Consistency is the key to your entrepreneurial success. Commit to working with passion and determination, taking steps no matter how little towards your business goals. It is only through consistent and diligent work, coupled with flexibility and patience that you can achieve greater heights of success. If you feel like you are losing enthusiasm, you can always speak to the best motivational speaker in India– Dr. Vivek Bindra.

It’s the last person standing who ends up winning the race. The above-mentioned commitments can play a key role in your journey to establish a successful business startup. To be successful in business, commit to making self-aware and smart choices. Make one smart decision by joining our “Entrepreneurship course”.

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Motivational

Four Powerful & Practical Ways To Stay Motivated As A Solopreneur!

Four Powerful & Practical Ways To Stay Motivated As A Solopreneur
Four Powerful & Practical Ways To Stay Motivated As A Solopreneur

Nothing can beat the feeling of being your boss. It has a charm, an unexplainable excitement, and an incredible allure. And the term ‘Solopreneur’ is a perfect blend of all these emotions. Though the term is not new in the industry, where some people are not very well aware of this term, many others confuse it with entrepreneurs.

However, being a solopreneur is a lot different from becoming an entrepreneur. Many people choose to work for their business ideas, dreams, passion, and to find fulfillment. But, it can also be lonely when you have to don multiple hats and juggle between various business challenges, all alone.

Being your boss has its perks, but running a business all by yourself requires a lot of discipline, focus, and resilience because, on this journey, you are bound to encounter stumbling blocks along the way.

So, apart from taking some of the most essential business training programs to stay updated, here are some powerful tips to help you stay motivated to weather ups and downs in the business:

  1. Pace yourself!

That`s because good things and successful business take time to build up. Growing a business is a marathon, not a sprint. Being a solopreneur can rapidly become a 24×7 job if you are not careful. Especially during the early stages of a business, solopreneurs put in very long hours with no end in sight. And then it is just a matter of time when you become tired, exhausted, and discouraged.

Hence, finding a work-life balance is extremely important to keep working for the dream you have in your eyes and the passion in your heart.

  1. Always have Support System

Flying solo may sound amazing, but it requires a lot of a strong support system. Friends and families are irreplaceable, but there are many other resources like a business mentor or a motivational coach.

A business coach or a mentor can offer their expertise and professional advice to guide a solopreneur in the right direction. Dr. Vivek Bindra, who is one of the best business motivational coaches in India provides consultation for long-term business growth and development. His mentoring technique is more short-term and performance-driven.

The use of business coaches has become prevalent in India and small business owners are increasingly using paid coaches for overcoming challenges. Hence, finding a support system for solopreneurs can be beneficial for their business.

  1. Celebrate Small Wins

The more you praise and celebrate your small wins in life; the life will give you more reasons to celebrate. As a solopreneur, it is crucial to celebrate small milestones along the way to keep your drive to run business and the motivation to do it, super high.

The key is not just to keep your eyes on your main goal, but also to enjoy the progress you are making. The better you feel about yourself and your progress, the more effort you will put in without feeling frustrated and discouraged.

  1. Always Remember ‘WHY’

As a solopreneur, you will encounter your share of challenges and setbacks along the way. This is why it is so important for you to remember your “why”. Remembering the sole reason why you have started to come this far or why did you start your business in the first place will energize you. Getting in touch with this big-picture will help you to remain focused. It will also provide you with a renewed perspective to make wise decisions.

Just because you start small, don`t forget to think big! Where being a solopreneur is not always easy, but it is probably rewarding, perhaps every single time. By following the above-mentioned tips, you will be in a better position to remain energized, so that you can ultimately reach your long-term goals.

Find solutions for your burning problems? Get practical solutions easily with our step-by-step Problem Solving Courses with learning strategies, action plans, frameworks that are designed to empower you with various business functions.

From finance to HR, Digital Marketing to IT & Sales, find creative solutions to prominent business problems easily. To know more about it,

click here: https://www.badabusiness.com/psc?ref_code=ArticlesLeads.

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Business motivation

How To Overcome 3 Challenges That Every Solopreneur Faces During Business Journey!

How To Overcome 3 Challenges That Every Solopreneur Faces During Business Journey!
How To Overcome 3 Challenges That Every Solopreneur Faces During Business Journey!

Whether you are a solopreneur or an entrepreneur, when you start your venture, a lot is riding on your shoulders. You are like a one-man army who has to do multiple tasks on your own. You are a staff of your own, which is why you have to don a hat with multiple feathers.

From setting up working hours, how much revenue you generate to how many clients you have is completely up to you. You are your boss. You set your own rules and reap the rewards.

But these rewards are received only after putting in the time and effort to set your business up for success. Creating a full-time long-term business involves more than just getting good clients from time to time. Becoming a successful solopreneur requires proper planning, follow-through, constant learning, amazing business ideas, and having reliable partners.

So if you have started a step to venture out on your own, here are few challenges that solopreneurs often face and few helpful suggestions for how you must overcome them:

  1. Learn to Market Yourself

As a solopreneur, your business is based on the foundation of your skills. The skills you must have honed for many years. Maybe you have worked in that industry for another company, and now you have finally decided to build your startup with your reliable connections.

But, when it comes to time to scale your business, you will need new clients and connections. When you want to boost more revenue, you will have to find more customers. Hence, like other businesses, solopreneurs too should keep learning new skills through business training programs.

For instance, if you are from a more technical background, you can learn more about digital marketing by taking online business courses. After gaining information about brands and services being online, your business can benefit from the exposure of having a website.

You can also learn about Search Engine Optimization (SEO) with which you can keep your website up-to-date, giving you the exposure your business needs to grow.

  1. Always be Prepared for Unforeseen Circumstances

Imagine you are a brilliant graphic designer, but suddenly your clients do not want your services anymore. What happens in that scenario?

The future is uncertain, and no matter your profession, unforeseen circumstances happen all the time. While you are working day and night on establishing your brand and growing your business, the last thing you need is to experience a financial blow due to decreased revenue. Hence, it is essential to understand how to break through such business challenges by taking business training programs.

Having financial safety is also important. Hence, set a schedule that is comfortable for you- weekly, monthly, or whenever you find it feasible to put aside a portion of your profits. Though it will take time, your goal to save a certain amount of money, by the end of the year will be fulfilled.

  1. Protecting your health too!

When we purchase a car or a shop, we tend to insure it. As a solopreneur, your most valuable asset is yourself. Your skills are the face and the foundation of your brand. So, if anything unexpected should happen to you, your business would likely suffer as well. Hence, as a solopreneur, you must get a cost-effective plan that will cover your requirement without having to pay for services you won`t use.  

Starting a startup from the scratch is not an easy task. Once started, it takes years of hard work to establish your business as a brand in the market. Hence, to stay ahead in the competition, every business owner needs to stay updated with new technologies and trends in the market.

If you are facing challenges in business, you can join our problem-solving course that will not only resolve management issues that crop up with teams; but also improve your vision to implement without depending on others.

You can also find tools meant for rising stars just like yourself – apps and services that let you manage many aspects of your business with the minimum investment of time and money, leaving you free to focus on the larger picture.

For more information, visit https://www.badabusiness.com/psc?ref_code=ArticlesLeads

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Business Courses

5 Reasons Why Entrepreneurs Must Pursue Online Business Courses!

5 Reasons Why Entrepreneurs Must Pursue Online Business Courses!
5 Reasons Why Entrepreneurs Must Pursue Online Business Courses!

Stay hungry, Stay Foolish- these were the golden words from Steve Jobs that pretty much elaborate why every aspiring, upcoming, struggling or successful entrepreneur needs to keep learning.

Most often people believe that once they have acquired success or have hit their major goal, they do not have to explore the world of knowledge, any further. Ask any successful millionaire or billionaire and they will all tell you the same thing- keep learning.

If you want to be a rock star of the business world, you will have to stay updated as there are loads of entrepreneurship courses that are perfect to enhance your leadership skills. Reaching a milestone once is not enough. That is just the beginning of where the hard work has just begun. And, there is so much more to learn.

According to research on ultra-successful business, people read around 60 books every year. That is more than one book, per week. If you do not like reading fiction, you can go for non-fiction books or online business courses for entrepreneurs.

A lot of times even the students who are passed out of A-listed management institutions are not updated with the latest trend and technology in the market. This is why continuous learning is a must for every entrepreneur as it will form a critical part of your success in professional as well as personal life.

  1. Online Business Courses offer Choices

Education on the internet has transformed completely, and mostly for the better. The education that one receives online is nothing like the university or a college class where a professor comes to deliver a long and boring lecture on a subject you have no plans to pursue soon.

Things have changed big time! Today, an online course is similar to a real-life learning experience. Sometimes, it is better than the latter because it gives ample opportunities to entrepreneurs to excel in various fields of business. Where university education just helps you to get a degree, online courses prepare you for the real world.

  1. Less Expensive

A commitment to lifelong learning should be on every entrepreneur`s mind. However, it going back to the university to gain in-depth knowledge about various aspects of business is neither available nor feasible.

So whether it’s a regular entrepreneurship course or problem-solving courses for a particular business challenge, an online business course can be your best bet as it is very affordable. For a fraction of the cost, you can receive university-level learning lessons and experience straight from an industry expert. All you have to figure out what kind of course and in which subject you would like to pursue your education.

  1. Result Oriented

We know giving your money away to someone whom you have never met can be intimidating for some. However, very few people understand that this is the major reason behind the motivation of online educators. Why? Their reputation is at stake, and that is the reason why they help you to get the results you desire instead of just teaching dry theory.

  1. Flexibility to attend from anywhere, anytime

As far as traditional methods of learning are concerned, every student used to get evaluated based on 45-minute lectures per week. But, with online business courses for entrepreneurs, one can access the lecture and classes anywhere, anytime. Whether you are traveling in the metro for work or feeling curious to learn something new about a business crisis you have been experiencing, online lectures make learning smooth and hassle-free.

  1. You can Keep the Course

Perhaps, this is the best part about attending an entrepreneurship course that instead of purchasing heft-priced textbooks and making tons of notes, many online courses let you keep a lot of course material.

Not only that, but you are also provided with worksheets to track your progress, discussion forums, and interactive presentation at your fingertips.

Learning should never stop! Keeping your knowledge reservoir always updated and upgraded will help you to stay ahead of competitors. So if you have not considered taking an online business course, you should not delay it any further.

Do your research, and find the best business coach in India that has solid credentials and trustworthy testimonials. Do not just sign up for any courses, as there are many swindlers out there. You can also take our Problem Solving Courses if you are looking for a breakthrough into your startup.

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Business motivation Business Startup Ideas Startup

5 Best Non Tech Business Ideas You Can Start In 2021!

5 Best Non-tech Business Ideas You Can Start In 2021!
5 Best Non-tech Business Ideas You Can Start In 2021!

Are you looking to launch a startup in 2021? Do you have the potential to build a profitable business but not trying due to a lack of technical skills? Do not lose heart because there are some of the best non tech startup ideas waiting for you in this article.

The term “startup” in today`s world often paints a picture in our heads of a business that has something to do with modern-day technology. Technology is an essential aspect of every business today without an iota of doubt. However, it certainly does not mean that every business needs to be technology-based.

While some entrepreneurs might jump with excitement about launching a new app, for others the idea of technology being so complex can be quite intimidating. There are multiple non-tech startup ideas that young and aspiring entrepreneurs, solopreneurs, and wantrepreneurs who lack technical skills can use to and start their entrepreneurial journey.

We have compiled a list of the five best small business ideas that involve minimum to zero technical knowledge and you can start them in 2021:

  1. Interior Decoration

Many people in India want to decorate their homes in an elegant and sophisticated way. However, they do not know the drill and stay confused about where they should begin. If you have a knack for revamping homes and possess an ability to go into details, Interior Decoration can be your best bet.

Good interior decorators are either expensive or hard to find. You can begin on small scale and later can expand your business. There are certain online tools related to designing as well that do not require advanced knowledge of technology and can be easily learned.

  1. Franchise

Think of a franchise as a “plug & play” business that comes with an organized system and a business structure in its right place. If you do not want to take much risk, becoming a franchisee of a well-established brand is the ultimate money making ideas.

For a fee, you can receive a popular and fully established brand catering to a certain demographic area. It could be apparel, furniture, a café chain, a food chain, or an edtech startup-like Bada Business. To become a franchise partner is highly beneficial for someone new to the business world, and starting afresh.

  1. Online Tutoring

Do you have an upper hand in any subject? If yes, then you can start taking online classes. Whether you excel in music or have a solid grip on physics or chemical equations, with online classes you can generate a new source of revenue.

Today, almost everyone is using social media platforms like Facebook or Instagram, Google Meet, or Zoom meetings. You too can pursue your entrepreneurial dream by using one of these platforms to take classes. It is one of the best small business ideas that you can start with zero or minimum investment.

  1. Painting Business

A good piece of art can give meaning to this world. From living room to bedroom, workplace to the boardroom, a good painting can not only enhance the beauty of void space but can also fetch a great price. If you are blessed with creative instincts, you can start selling your masterpieces for a good price. However, you can also start exhibiting the work of other artists via painting exhibitions and earn good revenue.

  1. Kids Party Planner

Planning a birthday party for kids is not child`s play. Kids have free imagination and innocent concepts when it comes to their birthday parties. From fun activities to delicious food, there is a lot that needs to be taken care of. If you are good at managing parties and events, you can also become a kids` party planner.

To start one of the above-mentioned business ideas, you neither require a lot of investment nor you need to be technically sound. These money-making ideas need a solid business plan and never-ending determination and passion to pursue dreams.

It is also true that once you start a business, you will face many unknown challenges. However, fret not! With our ‘Problem Solving Courses’, you can find creative and practical solutions to your burning business problem.

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Business motivation Strategy

How To Improve ROI With COVID-Proof Business Ideas?

How To Improve ROI With COVID-Proof Business Ideas?
How To Improve ROI With COVID-Proof Business Ideas?

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

What is ROI or Return on Investment?

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.

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 monitor 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? Watch, which type of business model can guarantee high ROI and regular 6 figure income, here.

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

  1. 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 meltdown to 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, starts to decrease. For instance, electronic devices and gadgets experience a price drop as soon as the 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. E.g.- online business courses. Online courses neither require you to spend heavily on warehouse and inventory management nor go out of demand.

  1. Giving Discounts may Decrease Profit

Most often than not, many business owners purchase inventory from the 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.

  1. Margin

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

Thus, if you are an entrepreneur who is looking to set up an independent business, always select a business model that returns high ROI. For instance, a Bada Business Franchise Partner enjoys 20% to 50% of profit margin, without experience undercutting system, with fixed price.

If you are looking for simple and effective ways to improve ROI on your business, you can take our Problem Solving courses that are designed to cater the modern-day entrepreneurs with practical solutions to business challenges.

If you want to become an entrepreneur, but have no business idea? Become our franchisee and earn up to INR 25 Lac per month. For more details, visit: https://www.badabusiness.com/master-franchise

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Business motivation Strategy

5 Steps To Design World Class KRAs And KPIs For Business Success

5 Steps To Design World Class KRAs And KPIs For Business Success
5 Steps To Design World Class KRAs And KPIs For Business Success

Most of us are very much aware of the infamous Peter Drucker quote- “What gets measured gets improved.” The quote is very much relatable in today`s world because many of us readily recognize the importance of Key Performance Indicators (KPIs) and Key Result Areas (KRA).

As the companies are pushing the boundaries to increase productivity and value, KPIs and KRAs play a vital role in a company`s decision-making process. They serve as the necessary success factors for your company. They not only define your ongoing responsibilities, but also enhance communication across teams and other departments, convey strategies across all employees, and help to align them with the company`s goals.

These goals begin from the top and trickle down to every team in the organization, each performing their designated functions to take the business ahead. This is why many start-ups and mid-level companies are taking professional expertise from the business coaches in India to help build clear and well-defined KRAs and KPIs.

But what exactly are KPIs & KRAs?

Firstly, let`s talk about KPI or Key Performance Index. It is a measurable value that determines how successfully a team or an individual is achieving a business objective. Companies across the world use KPIs to guide and help employees towards achieving a common goal. There are also multiple online business courses available for the in-depth knowledge.

It also helps businesses to understand whether they are utilizing and spending time on the right strategies, tasks, and tools to achieve their goals.

On the other hand, KRAs or Key Result Areas form a foundational element in any business. Having a clear and defined goal for each position helps to keep all the team members focused and responsible.

As we have a finite amount of time in the day to accomplish infinite tasks, KRAs ensure that people are making the most of their official working hours to produce the most ROI.

So how can you design effective KRAs & KPIs that will help you achieve your business goals? We have listed out five ways in which you can design, choose and implement KRAs and KPIs:

  1. Determine your end objective

Creating a clear vision and end goal of what you are trying and would like to accomplish is very essential for any business. A simple and straightforward objective should be connected with your KPIs and KRAs. Every organization might have different KRAs and KPIs. However, it should be specific, easily measurable, and clear to understand.

  1. Indicators

Once, you identify the business goals, you need to figure out what are the indicators that might speed up the progress towards the goal. One of the common mistakes that managers and leaders do is jump straight from the problem to consider what to measure. This can often lead to confusion and misaligned incentives.

E.g. most of the time, a company tries to improve its customer experience by measuring bounce rate. But what they don`t realize is that there could be plenty of reasons behind the bounce rate. So, just improving the bounce rate does not guarantee a better experience. Working on the efficiency of his or her digital marketing campaigns might produce better results.

  1. Ensure everyone is on the same page

Organizational KRAs usually involve KRAs and KPIs of all the departments, teams, and individuals. It is very important to ensure that everyone is aligned with the KRAs developed at the company level. To make this concept clearer, multiple discussions must take place. It is paramount to build an understanding that the progress of KRA in every company will be measured and calculated by KPIs. Hence, every team, department, and employee must understand their KPIs to ensure that a particular organizational KRA sees improvement.

If you are unsure about how to do that, you can take professional help from a business coach who can help you build effective KRAs and KPIs.

  1. Set SMART KPIs

As we all are aware of the fact that KPIs affect KRAs, the leaders must assign SMART goals to each department, team, and individual. Goals should be easily measurable, specific, realistic, possible to achieve, and time-bound. This will make it easier for everyone to achieve their goals and contribute towards organizational growth.

  1. Everything should be in written

To ensure that everyone is clear about their KPIs and KRAs, simple templates can be used to share among the concerned people. Hence, while setting the organizational goals, one should have the KRAs and KPIs of every department, team, and individual in one place. This will simplify the tracing of every action. The templates should also mention the reporting managers along with their respective departments.

An organization, be it large or small, needs to create KRAs by setting different KPIs at the employee, team, and department levels. KPIs should be realistic, achievable, clear, and growth-inducing. The bigger picture and the ultimate objective of the organization should always remain in the focus. Hiring the best business coach can also be a smart move in this context.

Are you struggling with your organizational growth due to improper KPIs and KRAs? Get practical solutions easily with our step-by-step learning strategies, action plan, frameworks through our Problem Solving Courses that are designed to empower you with various business functions. From finance to HR, Digital Marketing to IT & Sales, find creative solutions to prominent business problems easily.