Tag: small startup business

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Business motivation

How Bad Mental Health Affects Your Business Growth?

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

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

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

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

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

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

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

1. Keep your Finances in Check

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

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

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

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

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

2. Learn to Delegate

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

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

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

3. Stay in Touch with the Right People

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

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

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

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

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

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

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Business motivation

5 Mindset Traits That Every Successful Entrepreneurs Have!

5 Mindset Traits That Every Successful Entrepreneurs Have!
5 Mindset Traits That Every Successful Entrepreneurs Have!

Life is uncertain and the pandemic has taught us it the hard way! Where many people lost their jobs, many small and large businesses had to shut down because of the pandemic.

However, there have been many people who also transformed the adversity into a business opportunity. Many companies have joined the Unicorn league and are doing exceptionally well. Inspired, many individuals want to start their own small startup business as they have creative money making ideas.

But at the same time being your boss may sound amazing, but starting a startup is more than just saying “I am running my own business and being my boss”. To be a successful entrepreneur, you need to have that entrepreneurial mindset that will allow you to succeed in this day and age.

If you thought that you need to pursue management courses from a recognized university charging you a bomb, you are mistaken! All you need to do is reflect and know yourself first along with some of these traits we are mentioning below:

1. Maintain a Positive Attitude

When it comes to run a successful startup business, having a positive outlook pays! A positive approach and outlook help you to act around challenges and find creative solutions without letting negative emotions clouding your judgment.

2. Open to New Things

Just like in real life, businesses are also unpredictable. No matter in which way you want things to work out, you have to be prepared to handle completely random and unimaginable challenges. As an entrepreneur, you need to be quite adaptable to the dynamic changes of the business world. With a Business coaching program, you can learn how to handle the challenges of business, efficiently.

3. Being Curious

Business thrives on innovation and to be innovative, you need to constantly feed your curiosity. It is always a wonder to see how different parts of the business work. When you keep your inner child alive, you tend to become curious even about simple things. This sense of inquisitiveness allows you to come up with out-of-the-box solutions to your business problems, even before they happen.

4. Persuasion comes naturally to you!

Persuading people into buying your products is one thing, but persuading your employees that your solutions are effective is another. Whether it is about an elevator pitch or proposing a solution to a customer`s burning problem, an entrepreneur needs to have excellent communication skills.

When you are an effective communicator, you can put your points across effectively. You know how to deliver your message to your partners, stakeholders, and your social media platforms.

5. Creativity

Creativity is a vital ingredient that makes the recipe of your small startup business a hit! To bring innovation in your services and products is a critical factor that helps you create a USP for your small startup business.

Though there are no set rules or parameters to have an entrepreneurial mindset, there are some traits that can help you decide if you are a perfect fit & ready to start your entrepreneurial journey. If you are passionate about an idea and want to fulfill your entrepreneurial journey nothing can stop you.

To learn the nuances of the business world, you can take our Business Coaching Program. Here you can get exclusive content from the subject matter experts and learn from the top industry leaders. To know more about it, visit www.badabusiness.com.

Categories
Startup Strategy

3 Key Things That Help Startup Businesses Dominate On Instagram!

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

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

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

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

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

1. Post Engaging Content

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

The answer is simple and true- for their content.

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

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

2. Follow Accounts that Deliver High Value

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

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

3. Be Ultra Social

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

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

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

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

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Business motivation Strategy

5 Amazing Benefits Of Working With A Professional Business Coach!

5 Amazing Benefits Of Working With A Professional Business Coach!
5 Amazing Benefits Of Working With A Professional Business Coach!

With many entrepreneurs turning towards the professional help of a business coach, many small startup business owners who are struggling with their business problems are now realizing its importance.

Entrepreneurship can be a lonely journey. Though it might sound exciting at the early stage, one has to don multiple hats and take care of multiple operations. Sometimes, it also means working endlessly and still feels like you are stuck on a deserted island.

Though the internet is filled with articles, blogs, podcasts, and exclusive video tutorials on how to build and scale your small startup business, every business is unique and so are your challenges. In this case, those articles and blogs will not prove helpful. This is where taking a business coaching program becomes essential for entrepreneurs. You can also watch our video on “Strategy to scale your business”, here:

But a business coaching efficiency depends on two critical factors i.e. the client is willing to grow, and there is a gap between where they are now, and where they want to aspire to be.

As an entrepreneur, working with a business coach can benefit you in various ways. A business coach can help you to grow in the following ways:

1. Helps you Set Goals & Work Towards it

Humans are passionate about the work they love doing. But unfortunately, very few people are aware of the fact what they want to do with their business and their professional lives. A business coach can help you to distinguish between what you could have, should have, and have-to-have.

A great business coach can also help you to set your ideal goal for your business and help you to achieve them too.

2. Helps you to maintain a Healthy Work-life Balance

If you want to be successful, it starts with a balanced lifestyle. It simply means that you will have to prioritize your professional commitments as well as personal commitments, which also means that you will have to be selfish, yet responsible. You will have to get better at communication, get your needs met, and still have people like you. You need this strong if you truly want to be successful.

3. Manage your Finances Well

Many startups fail in the initial years because of a lack of funds. Hence, it is essential to handle your finances well. A business coach can help you scale your business by setting up a startup business plan and future. He can also help you to design a strategy for you to earn more from your business.

4. Take Better Decisions

An ideal business coach knows and very well understands the importance of brainstorming and sharing ideas. He will encourage you to think out-of-the-box and bring innovative ideas to the table. He will be your best critic and will always give you honest and constructive views.

5. Helps you become more Focused & Productive

A mind that is focused and concentrated is also more productive. With a focused mind, entrepreneurs can make better judgments, great strategies, and excellent business plans for the future of the startup business.

When you are happy and free from problems, you will feel more productive and efficient, thanks to your business coach.

A business coach is an expert entrepreneur who has gained experiences through personal and professional experiences. He knows how to start and grow successful businesses and is willing to mentor you. Instead of making random and impulsive decisions on your own, you can work along with a business coach to help you upscale your small startup business.

Are you looking to grow your business with a help of a professional business coach? You can take our Business Coaching Program that is a super bundle of foundational and value-added courses that provide your hand-holding support with a certified Business Coach.