Tag: startups

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Finance

7 Essential Financial Tips For Beginners

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

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

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

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

1.  Think About the Destination

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

2. Track your Money

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

3. Determine your Net Income

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

4. Use Multiple Bank Accounts

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

5. Transfer Money into Investment Account

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

6. Reach Out to Your Network

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

7. Understand Your Investment Goal

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

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

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

Categories
Startup

5 Top VC Funding Firms Focusing On Women-Led Startups

5 Top VC Funding Firms Focusing On Women-Led Startups
5 Top VC Funding Firms Focusing On Women-Led Startups

Gone are those days when women were confined within the four walls of the kitchen. Today, from sports to business, women are standing shoulder-to-shoulder with the world; dominating every sphere unabashedly and fearlessly.

And as more and more women are realizing the significance of being financially independent, India is experiencing a great surge in the number of female entrepreneurs. However, the number of female entrepreneurs is still low as compared to men as seven out of 100 entrepreneurs in India are women.

Nonetheless, female entrepreneurs are excelling with their ideas and execution techniques. Some are even becoming business motivational speakers to help others who are trying to make a mark in their respective fields. But despite their good ideas, they are facing challenges when it comes to funding. Here is a list of five VC funding firms that are helping women entrepreneurs in India:

1. Kalaari Capital

Founded by a true leader Vani Kola, Kalaari Capital is a leading VC that strives hard to help founders succeed and flourish in the business world. Vani is referred to as The Mother of Venture Capitalism in India, and there is a reason behind it. Kalaari Capital is an early-stage, technology-focused venture capital firm with $650 Mn in assets. Based out of Bengaluru, it has been empowering visionary entrepreneurs since 2006. Not content with being one of the first homegrown VC firms in India with a steadily growing list of startups in its portfolio, Kalaari launched Kstart, a seed fund initiative, in 2016.

Kstart focuses solely on seed-stage funding and differs from other funds in that it doesn’t set a valuation at the time a startup is raising funds from it. Kalaari has built a reputation for picking the best young minds and mentoring them to build successful enterprises, some prime examples being Myntra, Urban Ladder, Zivame, Power2SME, YourStory, and Bluestone, among others.

2. LetsVenture

Founded in 2013, LetsVenture provides a common platform for startups and investors alike to connect. LetsVenture works with startups and investors on discovery, syndication, and closure. This involves managing due diligence and paperwork closure. There are 12000+ startups and 2200+ investors on the platform. Founded by Shanti Mohan LetsVenture has enabled more than 100 startups to raise over $40mn. Since its inception in 2013, LetsVenture has facilitated over $100 million in investments. Startups like Testbook, DailyNinja, Wishberry, MyUpchar, and Ketto as part of its portfolio, have 3,700 members.

3. Saha Fund

Founded by Ankita Vashista, Saha Fund is a Bangalore-based venture capital and private equity firm. Saha Fund is India’s (and Asia’s) first venture capital fund that promotes women’s entrepreneurship and is dedicated to making investments in women-led companies across different sectors. Saha is keen on companies that use technology to scale. If you too have a startup and are looking for funding, you can watch this video by Dr. Vivek Bindra- the best motivational speaker in India: 

4. She Capital

According to research conducted by She Capital, when women business owners pitch their ideas to investors for early-stage capital, they receive significantly less – a disparity that averages more than $1 million – than men. Hence, to encourage more women to participate in the Indian startup ecosystem and take on the boys’ club in the Indian unicorn ecosystem, Founder and former CEO of Mydala, Anisha Singh launched an early-stage venture capital fund, She Capital. The company was founded with a belief to help the next generation of phenomenal female-led businesses scale to their maximum potential.

5. Qualcomm Ventures India

Founded in the year 2000, Qualcomm Ventures is the $1 billion venture capital arm of global tech giant Qualcomm, and the arm is highly optimistic about India’s technology-driven startup ecosystem. The firm believes in diversity and encourages different points of view and aims to help connect entrepreneurs to the resources, relationships, and deep industry expertise they need to succeed in the entrepreneur journey.

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

Categories
Startup

How To Avoid These 5 Common Mistakes That Cause Startups Failure?

How To Avoid These 5 Common Mistakes That Cause Startups Failure
How To Avoid These 5 Common Mistakes That Cause Startups Failure

India is the 3rd largest startup ecosystem. Though the immense growth and support for startups is a pleasant change, the hard fact is that most of the startups in India fail within 5 years of their launch, as per a report by IBM Institute for Business Value and Oxford Economics.

One major reason behind the failure of any startup is the lack of innovation. But that’s not it! Another factor that contributes to startup failure is not learning from past mistakes and repeating them. Here is a list of five common pitfalls that every entrepreneur makes at the early stages that could cost them their dream venture:

1. Not Hiring People Who Think Out Of the Box!

Many entrepreneurs hire people just like themselves. Avoiding this trap is essential to make a startup business successful. Without people who challenge the stereotypes and the founders’ thinking, a startup fails to identify new opportunities or spot risks until it’s too late.

Avoiding this trap is essential to make a startup business successful. Startups should hire people who think out of the box and know no creative boundaries. The diversity of ideas, skill sets, and backgrounds are the key essentials of every successful startup. You can watch amazing videos by Dr. Vivek Bindra- the best business coach in India to learn how to hire the right people for your organization!

2. Rushing After Funds

Capital is essential. But this does not mean that every startup should rush after it. Speed is important, yes, but without breaks, it will result only in a misadventure. Finding a balance speed to find the right fit is equally essential.

Finding perfect Venture Capital is just like finding the right partner for marriage. Take enough time to find the right match- and avoid jumping at the first or the most extensive check.

To avoid a situation like that, put in a considerable amount of time to find a VC partner that will provide thoughtful guidance, and mentorship and will be there for you during the challenges.

3. They Don’t Consider Customer’s Pain Points

Too often founders get overly enthusiastic about their ideas related to their product or service. They often believe that once they build a product, customers will come. But building a product or a service without any customer validation or A/B testing can be dangerous for a business.

Instead, founders of startups should always find an alpha customer and then create a product to solve the customer`s biggest pain point. Creating a customer-centric product doesn’t happen by just sitting around a conference table brainstorming. The idea to build an amazing product comes from seeking out and tackling the real problems in the world that already exist. If you are confused about your business growth, you can hire the best business coach in India.

4. No Go-to-Market Plan

Entrepreneurs should document a clear and concise path to their profitability. To chart this document they should conduct rigorous research and analysis that challenge their market estimates.

This requires an in-depth knowledge of the strengths and weaknesses of their market competitors. They should also determine the company’s proprietary advantage in each market segment it is looking to penetrate.

It is also important to be prepared in advance to be able to shift the business with technological advancement or according to customer needs. And while adaptability is crucial, having a focused plan is also essential. As a startup the resources are generally limited, thus, it is important to be laser-focused for maximum impact.

5. Lack of Strategic Partnerships

Many startups think about partnerships just in terms of capital and checks. But startups also require strategic alliances that will help them refine their business models, and new customers, scale revenues, and generate market awareness.

By making partnerships with large and established companies, startups can save costs on R&D resources and the expertise of their professional team.

Want to know what are the other pitfalls that entrepreneurs should avoid? Know it all from the top industry experts with our Business Coaching Program. To know more, click here: www.badabusiness.com

Categories
Strategy

6 Smart Tips For Entrepreneurs To Build Strong Relationships With Investors!

6 Smart Tips For Entrepreneurs To Build Strong Relationships With Investors!
6 Smart Tips For Entrepreneurs To Build Strong Relationships With Investors!

Summary: When adequate funds are the only thing that is stopping your startup from becoming successful, you might want to think about establishing good relationships with your investors.

Entrepreneurs put in their immense effort and hard work in pitching their business idea to angel investors to bring them on board because the key to success for most startups is having funds for the growth of their business.

However, a deal is never done when it comes to dealing with investors. If you have wooed your investors once, it does not mean you won’t need them again in the future. Investors with their lots of experience can offer incredible insight and resources that can get your startup business on the right track.

According to experts, nearly one-third of the startups shut down because of a lack of planning about the proper usage of their funds. This leads to investors losing interest and credibility in their business venture at the very early stage. Many entrepreneurs often hire a business coach to help them navigate the rough waters of the business world.

Managing investor relations can make a huge difference to your business. As an entrepreneur, it is your responsibility to strengthen ties with investors to position your current business for success. While a strong relationship can help the startup to grow rapidly, one wrong move can end the game for you.

Therefore, it is highly essential for you to maintain a working, productive, and winning relationship with your investors, even if they are not friendly.

Here are six pointers that will help you to build a strong and cordial relationship with your angel investors:

1.  Don’t Choose Investors Solely for Financial Purpose

Investors can provide not just funds, but also their valuable guidance and experience to accelerate your business. Acknowledge the relationships and expertise investors will bring to your business by giving them a voice. Listen to their underlying apprehensions and concerns. Encourage open conversation and clear dialogue so that you can learn more about their risk-taking appetite. You can consult with a business coach as well to understand how you can maintain dynamics with your investors.

2. Set Clear Expectations in the Beginning

An entrepreneur and investors need to be on the same page as nobody likes surprises in the business. Thus, it is vital to set the goals, nature of the relationship, degree of control, vision, the scale of growth, and exit strategy that is acceptable to both parties.

3. Be Authentic & Respectful

Investing in any firm is not a matter of a “fund it and forget it” scenario for any investor. In fact, they would like to stay updated with the latest ongoing in your organization. And when you are looking to strengthen your relationship with investors, it should be rooted in authenticity and respect. As entrepreneurs are coming into the market with their ideas, they should also respect their investors` opinions, suggestions, and feedback.

Despite the disagreements, they must behave respectfully towards each other. Discussions should happen openly to arrive at a mutually acceptable solution.

To gain investors’ trust, startups must engage with them regularly, instead of treating them as an obstruction that needs to be dealt with.

4. Share Challenges & Achievements With Investors

Every investor wants to stay updated about the current progress of the venture he has invested in. Hence, update your investors regularly with the latest figures, and charts prepared by the startup team weekly or monthly, if not daily.

Also, be transparent with your investors. Even when there are failures or mistakes, be forthright with your angel investors. Keeping your communication channel open with your investors helps you build a positive image of the startup.

5. Pay Respectful Towards your Investor`s Input

Investors can guide your startup business with their expertise and insights gained from years of experience in the market. You don’t have to agree or incorporate every suggestion, but paying heed and valuing them will give your investors a sense of involvement and validation.

6. Address their Concerns

Investors might have concerns about your plans, strategies, or any other aspect of the business. You should make a conscious effort to address those concerns through open discussion, dialogue, and reasoning.

As founders seeking capital quickly learn, finding the right investor is often all about who you know.

If you are facing the biggest challenges from your investors, we can provide you with amazing solutions with our business coaching program. You can learn from the top industry experts how to take your business ahead in the market. Kick start your entrepreneurial journey by clicking here: www.badabusiness.com

Categories
Startup

5 Weird Startups In India That Can Inspire Your Business Goals

5 Weird Startups In India That Can Inspire Your Business Goals
5 Weird Startups In India That Can Inspire Your Business Goals

Summary: Startups are all about exploring new opportunities, balance, and satisfaction. Sometimes it is also about turning a weird idea into a reality.

Startups are all about exploring the roads less taken and coming up with solutions to the existing challenges that we are facing. It also means spotting new opportunities to find balance and adding value to human lives. However, it also means fulfilling the needs of your customers and giving them what they are looking for — a product or a service that can make their lives more fulfilling.

If you ask any business coach or a mentor, he or she will always suggest that when you are thinking about starting a new venture, it is best to introspect before you can ideate a startup. But this does not mean that you should not experiment or try new things. If you think that your new startup business idea is a little unusual for the market, YOU ARE NOT ALONE!

Here are five startups in India that are weird, bizarre, and fun! We hope they will inspire you to go all out with your startup business idea:

1. Eat Your Spoon & Forks

Love baking cakes in unusual cakes but lack the courage to start it as a business? Meet Narayana Peesapaty, who is the founder of Bakeys Foods Private Ltd. Based out of Hyderabad, his startup creates cutlery items that can be eaten. His edible range of cutlery items is made from millet, wheat, and rice making them a perfect alternative to plastic cutlery which is the major contributor to plastic pollution in the environment.

2. Now Get Your Prasad Online

Before the rise of the e-commerce business, seldom anyone would have thought that one can order Prasad online. In India, we all are so used to going to our permanent ‘Mithaiwala’ located at the corner of the street that ordering Prasad online might feel like sinning. However, it is true and possible with ‘Online Prasad.’

Online Prasad is a startup that offers home-deliver Prasad and other spiritual items, book travel, and lodgings for the avid traveler. Talk about using technology to bring people closer to spirituality. Do you have an idea but need guidance to start it from scratch? You can hire best business coach to gain in-depth knowledge about starting a business.

3. Parihug

A hug can do wonders and based upon this concept, Parihug came into existence. Started by a 19-year-old student from Cleveland, Ohio, Parihug offers you a teddy that hugs you back. It creates digitally connected teddy bears that can give people hugs from any distance. Two paired Parihug bears have sensors embedded within them so that loved ones can virtually hug each other across any distance!

4. Bags & Baggage

Many people migrate to other cities away from their hometowns for jobs, studies, etc. This makes setting up homes with essential household items such as beds, linens, stoves, utensils, etc. difficult for many people. To resolve this problem, Bengaluru-based Boriya Bistar offers all these basic and inevitable things in a ‘bundle’ package which can also be customized based on the quantity required for let’s say number of bed linens or bowls or washroom buckets, etc.

5. Pay Tribute to Deceased

A Gujarat-based startup Shradhanjali.com is the online memorial portal for paying tribute to loved ones who have passed away. Users can create a memorial profile, and biography, set anniversary reminders, upload photos, and post condolence messages in multiple languages along with videos for their departed loved ones. You can also choose from one year or 5 years subscription for INR 999 and INR 3,999 respectively.

If you think that your startup idea may sound bizarre, you might want to THINK AGAIN! Beyond the media, glare, and rounds of seed funding exist a few startups that are completely unusual yet offer great opportunity and inspiration. All you need is a passion to follow your dreams!

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

Categories
Business motivation Startup

7 Low-Cost Business Ideas You Can Start From Home Today!

7 Low-Cost Business Ideas You Can Start From Home Today!
7 Low-Cost Business Ideas You Can Start From Home Today!

Summary: Start a home-based business with minimum funding. Here are 7 business ideas.

Are you looking to launch your own business, but don’t know where to start? Just relax. You are not alone. Today, many people want to start a business on their own, and for good reasons. On an average, people have two-three careers during their work-life. Also, with the great resignation in full swing, many are looking to become their boss or small business owner by turning their startup business idea into a reality.

If you want to become your own boss, then we have good news! Starting a home-based business is super easy and without risk. You can start it with zero to minimum investment and determination to be successful. Here is a list of seven startup business ideas that you can start right from home:

1. Accountant

Apart from the qualification, little experience, training, or licensing may be needed. Before starting you need to list out what are the services you are willing to offer. Do you simply want to do bookkeeping for small businesses or do you want to be more involved with services like maintaining balance sheets, income statements, or financial reports on a monthly, quarterly, or annual basis?

To start and grow your business, you can listen to the best motivational speaker Dr. Vivek Bindra here;

2. Business Plan Service

Think you are good at creating excellent business plans that constitute scaling? Well, then you can offer a soup-to-nuts business plan to various entrepreneurs who are looking to develop a business plan for their startups. Plan your fee around that one main factor that the client will want and offer others as add-on services. You can either give your clients an e-file or you can keep the business plan on file and offer to customise it whenever necessary. Prepare some samples to show your clients as well.

3. Party Planner for Children

From children to adults, everybody likes to party and celebrate their special moments uniquely. The children’s birthday party has become a million-dollar company as millennial parents don’t shy away from spending when it comes to making their children’s birthday special. If you listen to Dr. Vivek Bindra- the best motivational speaker in India & business coach to various large organisations and corporate sectors you will gain in-depth knowledge about starting your own business from the scratch.

4. Consultant

To become a consultant, you need to have expertise in something. Market yourself as an advisor to people who are looking to work in that area. For instance, if you have a good knowledge of digital marketing, you can become a consultant to a business that is looking to establish its presence online. With the expertise and experience that you have gained throughout the years, you can help others do similar things without repeating the same mistakes that you made along the way.

5. Editorial Services

If you have a knack for writing and editing, you can provide freelancing writing and editorial services right from your home. All you need to have is a good internet connection and a working laptop. Here is a list of services that you can offer to your clients:

a). Copyeditor- From checking facts to fixing grammatical, stylistic, and typographical errors, copyediting involves everything.

b). Proofreading- The last stop when a writing piece is finished. A proofreader ensures that all the changes have been implemented and no new errors are created in the process.

c). Ghost Writing- You can offer your services as a ghostwriter in which you will have to conduct all the research and write the book. However, someone else’s name would be attached to it as the author.

d). Copywriting- As a copywriter you will produce copies or taglines that promote a product or a service.

6. Event Planning

Love planning things out for your friends and family? You can become an event planner. One of the first things you are required to do is to visit the client’s location. Tour each site and learn what is available at each location that you can use to create an unforgettable event. You can speak to the client once you start planning things out to understand their expectations and requirements along with the key parameters that you need to work upon.

7. Interior Decorator

If you have done a professional course in interior designing then you can pursue your interest by looking for clients in your network. But if you have a natural talent to give even the smallest space an amazing makeover, you can start your business right from the comfort of your home. To get clients, you can market your services to building contractors. People purchasing new homes often find the process of decorating and organising overwhelming. So, you can take away their worries by offering your expert advice on decorating their interiors.

We are living in a world where people want to be their own boss and starting a startup business is the best way! So, why not try the business ideas that we have mentioned above? They are easy, risk-free, and require minimum investment. Which business idea do you like the most? Let us know in the comment section.

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, specialised courses, and value-added courses.

To know more, visit:  www.badabusiness.com

Categories
Business motivation Process & Business Expansion

Hiring a Business Coach? Here are 5 Key Reasons You Should ASAP!

Five Key Reasons Hiring a Business Coach is a Brilliant Idea
Five Key Reasons Hiring a Business Coach is a Brilliant Idea

Summary: Having a business mentor is important if you want to achieve your goals in life. If you are an entrepreneur who has just started his journey, you should hire a business coach. Getting yourself a mentor who can guide you with his years of experience and expertise is the best way to achieve your goals.

Let`s say you want to go from point A to point B in your city. You are new to the city, and only have a basic idea about the medium of transport. Now there are three ways to find how you can get there.

The first way is to figure it out all by yourself. This might require you to get around the city and walk the streets in your quest to find the right one. This could be time-consuming and frustrating. You might reach or you might quit before reaching your destination.

The second way is to ask for directions. You can ask random people on the streets. While some might point you in the right direction, others may send you in the opposite direction. Nonetheless, you will waste a lot of time.

Now, the third way is to use GPS or Google Maps. A map will guide you turn by turn along with telling you the shortest route saving you from traffic jams. You will save time, frustration, and confusion. You will reach your destination easily. A mentor is just like GPS who will give you directions and help you to achieve your goal on time.

Many entrepreneurs often take the first way, trying everything out instead of getting a mentor. They read books, watch online videos and enroll themselves in random online problem solving courses. This is just like asking for directions from random people who might not be aware of your business requirements.

Here are five reasons why you should work along with a business coach:

1. Mentors Act as Great Navigators

Young entrepreneurs need to understand the right way to achieve success without deviating from their path. Success in any business is a combination of many factors and one of them is to keep updating and learning about business. Your mentor can suggest an online business coaching program for entrepreneurs that can help you to expand your viewpoint. It will help you to resolve problems and will boost your confidence too.

2. Mentors Provide Unbiased Views

Business mentoring and coaching are two different concepts. Your business coach does not have to be your best friend. The objective of a mentor is to help you develop your business. But to achieve that he will have to view your business with a fresh perspective, and unbiased eyes and guide you, instead of solving problems.

3. A Mentor can Help You Set Benchmarks

After the initial discussion, the key role of a business coach is to initiate goal setting and celebrate important achievements to help entrepreneurs stay engaged and enthusiastic.

4. Mentors Can Help You Find Investors

Being an entrepreneur one of the major challenges is to find an investor for your business idea in which you believe with all your heart. Angel investors or venture capitalists are individuals and groups that provide funds to startups with promising ideas. They will be more interested in you once they understand the potential of your business through the eyes of an experienced industry professional who is also your mentor.

5. Mentors Provide Balance

Young entrepreneurs often come up with unique concepts and business ideas. They believe in working in innovative and smart ways while chucking old-school approaches. However, it is always advisable to have a combination of old and new in a moderate balance. Business coaches often adopt smart working techniques, while providing sound advice and constant guidance to achieve the right milestones at the right time.

Mentoring is a long process that demands consistency. While you may feel that you don’t need a business coach all the time, having someone who is an expert and a seasoned professional who you can reach out to anytime provides great comfort.

To know more about a business coach. Visit: www.badabusiness.com.

Categories
Startup

5 Effective Ways To Raise Funds For Your Startups Without Investors

5 Effective Ways to Raise Funds for Your Startups Without Investors
5 Effective Ways to Raise Funds for Your Startups Without Investors

Summary: Want to raise funds but can`t find investors? Here are four ways in which you can raise funds without investors.

Establishing a business from the scratch is not so easy. It is quite difficult when it comes to strategizing, managing, and thinking about different segments of the business. And to build it without the initial capital investment from the investors can be even harder.

Though the process might seem time-consuming, starting a startup in India without the burden of investors can yield benefits that outweigh the cons. If you are an amateur, you can take help from a motivational speaker.

Here are 5 ways in which you can do fund-raising for a business without investors:

1. Keep Your Job as Side Hustle

Since starting a startup business in India without investors can leave you with a lack of funds, it is always a cool idea to continue with your day job. This will give you the advantage of saving your salary.

2. Make the Most of Government Loan Schemes

Whether you want to start your business without an investor or are unable to find one, you can still fulfill your entrepreneurial dream, thanks to government schemes. To focus on ‘Make in India’, the government has started a few loan schemes.

Schemes like CGTMSE, MUDRA, and Stand-up India can provide you with collateral-free debts and can get access to low-cost capital. To get expert guidance, you can work with the best motivational speaker of India.

3. Use your Revenue to do Fund Raising

Not all startups are pre-revenue generators. Many startups have customers and monthly revenue, so why not plan smartly and use that money to grow faster. A Revenue Based Loan can turn your revenues into growth capital and can help you to do fund-raising without an investor.  To know step by step process of fund raising, watch here:

4. Go for Crowd Funding

You can also raise money through crowd-funding. Crowd-funding refers to the funds from a large number of people who contribute with a small amount of cash. The process of crowd-funding is typically done via online platforms.

5. Do Everything for Your Business

A business is just like a baby! Hence, be ready to give all your time and attention. Not just that, you must be willing to make sacrifices to free up your time.

As an entrepreneur, you may want to taste success as soon as possible. However, patience is the virtue that makes any business successful. You may feel challenged at the initial stage of building a start-up. If not prepared, you may have to suffer losses too. Hence, get all the information and knowledge from the industry experts.

We know what you are thinking! 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 courses like Business Coaching Program, Problem Solving Courses (PSC) & Lifetime Membership (LTM).

Categories
Startup

4 Ways a Business Coach Helps Startups Grow

4 Ways a Business Coach Helps Startups Grow
4 Ways a Business Coach Helps Startups Grow

Summary: With so many uncertainties present currently in the business world, it’s no wonder startups are working with business coaches to get prepared for uncertain challenges.

Every year the world gets strike with either a new virus or wars between countries that leave a dent in the business world. Many business owners are worried about the success of their ventures. They often ask themselves, “what’s next?”

Many entrepreneurs are okay with moderate success where the bills are getting paid, but few want to achieve more in their life than just mere settling. Hence, they employ a business coach to reach the heights of success.

Whether large or small, companies worldwide are working with the best corporate trainers to prepare for whatever might stand in the way. However, many small business owners often get confused about hiring a business coach. If you are one of them, here are four ways in which a good mentor can help you grow and bridge this gap:

1. Inspires to Achieve More

Once you become complacent; it is hard to grow. Getting comfortable in the current situation is the biggest killer of all dreams. A business coach motivates you to look beyond what you have and ensures that you spot all the opportunities to achieve more.

2. It helps to identify pitfalls.

Can you look at the top floor of the building while residing inside it? The answer is no. When we are too engrossed in handling daily activities related to business, we tend to lose focus. So, at the end of the year, take a hard look at your business performance and ask your mentor to analyze it. They will come out with a handful of suggestions that will help you improve.

3. It helps you Find Blind Spots.

Entrepreneurs face a range of issues that require a variety of answers. If you lack a clear goal and plan, you will be distracted and stunted. The most important thing you can do for yourself as an entrepreneur connects with a business coaching program. A coach can help you expand quickly and oversee your business’s growth.

4. Help You Think Out-of-the-Box

Anyone can develop unique ideas by using free online brainstorming softwares. Taking previously unknown personal values, beliefs and connecting them to your aspirations and intentions is the part we call “art.” Sometimes you need to approach the problem differently to see an existing connection. 

A business coach can help you to look at a certain situation from a different perspective. You will not find anyone else who is that dedicated to providing you with guidance. A great coach will keep every other thing and thoughts at bay. This allows them to pose questions without judgment that reveal deeply ingrained principles that might be overlooked otherwise.

Unlike the gossipers in your neighborhood or business, a coach’s job is to lead you toward your own goals by suspending judgment.

If you want to hire a business coach, you can consult Dr Vivek Bindra, the best corporate trainer and business coach in India.  

To know more, visit us at: https://www.badabusiness.com/

Categories
Startup

4 Advantages Of Hiring A Business Coach For Startups

4 Advantages Of Hiring A Business Coach For Startups
4 Advantages Of Hiring A Business Coach For Startups

Summary: Many small business owners often get skeptical about consulting a motivational coach. But very few know that finding the right business coach can increase your odds of success.

In today`s world just like startups, business coaches in India are increasing as fast as leaves growing on trees in the spring. Even in our network, we must have come across someone who is either a business motivational speaker or know someone who is working as one.

Many people are turning towards starting their own startup business. They have a business plan in place, have raised funds, and learned the dynamics of the business world. However, with the right guidance and support, they can surely accelerate the process. That`s where a business coach comes in.

According to a recent study by SCORE, “mentored businesses were 12% more likely to remain in business after one year and around 87% of small business owners who consult a business coach are likely to stay in business after one year as compared to 75% without a mentor.”

So if you are still scratching your head whether you should like to consult with a motivational speaker, here are highly beneficial results you can obtain by hiring a coach for your startup business:

1. Gives Goal Clarity

A great coach can help you identify your professional and personal goals. A good mentor can help you gain an understanding of various aspects of your life and can make a massive positive impact on your business and your life.

Working with a motivational coach for entrepreneurs can give you incredible insights into what you want to accomplish in your business and life.

2. Helps to Attain Balance Between Life & Business

Everyone has a personal and professional goal. But very few manage to meet them because it is quite difficult to stick to the plan until objectives are met.  If you have identified your goal, the next challenge that everyone faces is to accomplish it without sacrificing our health and personal life.

As an entrepreneur, the journey becomes more challenging as they have to juggle various roles in their personal as well as professional lives. A business coach can truly help you to focus on the essential steps and processes and filter out the rest of the noise to reach your objectives. He can also help you to define a path and pace that is apt for your business without compromising your personal life.

3. Finds Pitfalls & Guides to Overcome Them

A good business motivational speaker is part guide, cheerleader, and warden. He or she has the expertise to analyze and find pitfalls in your business model. He or she will always be there when you lose a sense of direction or feel stuck.

A mentor knows when to encourage you and cheer for you and when to hold you accountable to accomplish your goals. Their impartial view of business helps them to call you out and help you to break the old pattern that might keep you and your business stagnant.

4. Supports You

Having support and a team especially when you are starting something new is incredibly critical to the success of your business. Many entrepreneurs do not get the support of their families or friends. In this situation, a motivational coach for entrepreneurs can prove to be a great support system. With his years of experience and wisdom, he can provide a magical competitive advantage to small business owners.

Finding the right business coach or mentor can help you to grow and scale your startup from the scratch. Yes, you will have to put your best efforts in, but a mentor can help you that it is going in the right direction. Hiring a business motivational speaker will help you to bypass multiple dead ends while helping you to discover a clear path to success.

Having a compelling marketing idea is great. But you know what is even better? Personal guidance to increase your brand presence consistently to facilitate sales, engage your customers and close leads.  You can hire the best business coach in India Dr. Vivek Bindra to get the guidance that your startup business needs.