Tag: Young Entrepreneurs

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Motivational

5 Lessons By Swami Vivekananda To Inspire Young Entrepreneurs

5 Lessons By Swami Vivekananda To Inspire Young Entrepreneurs
5 Lessons By Swami Vivekananda To Inspire Young Entrepreneurs

Born in 1863, Swami Vivekananda was ahead of his time. He spent his life without any technologically advanced tools that can make anything possible in today’s world, but his teachings were characterized by the pursuit of truth and fearlessness. His teachings transcended honesty.

In today’s age, where entrepreneurs have to be authentic, his words ring truer than ever. He was in a true sense a great spiritual and business motivational speaker. Here are 5 lessons from Vivekananda’s work that are incredibly relevant today:

1. Take up one idea. Make that one idea your life – think of it, dream of it, and live on that idea. Let the brain, muscles, nerves, and every part of your body, be full of that idea and just leave every other idea alone. This is the way to success.

Success comes to those who are obsessed with their business idea. That idea for a product, a title, or a victory becomes an all-encompassing thought and transforms into single-minded action.

If we look at some of the most successful entrepreneurs of our times, we find they are associated with an idea – one clear thread that runs through their lives. To pursue a dream and turn it into reality, we need to be obsessed with it and be immersed in it. Hard work begins in the mind much before it is visible.

2. Even the greatest fool can accomplish a task if it were after his or her heart. But the intelligent ones are those who can convert every work into one that suits their taste.

Business owners know they can’t just do one part of the job and ignore another because they hate it. They are so consumed by the idea, the product, that their likes and dislikes don’t matter anymore. Even if they’re working with experts from different fields, they are required to love every aspect of their company – from delivering the product to managing the accounts. Entrepreneurs have to do it all! 

3. Each work has to pass through these stages—ridicule, opposition, and then acceptance. Those who think ahead of their time are sure to be misunderstood.

Who would have thought that we can speak to our loved ones while looking at them even though they are thousands of miles or continents away with just one click? Or that we could do transactions without having to go to the bank or order anything from anywhere in the world?

Having an idea is not the most difficult deal. But to believe in it when the entire world does not believe and stands in the opposition is perhaps the toughest thing to do. Every successful entrepreneur will have a unique story of rejection to share and how people didn’t believe in their ideas, but they did succeed. If you believe in your business idea, you can also hire a business coach to help you navigate through the challenges.

3. “Face the brutes.” That is a lesson for all life—face the terrible, face it boldly. Like the monkeys, the hardships of life fall back when we cease to flee before them.

Fear and Greed are the two factors due to which most people spend their entire lives being a part of the rat race. They lead their lives chasing someone else’s dreams because fulfilling their dream would involve risk. What if this doesn’t work? What do I have to show for so many years of hard work? How do I justify quitting my stable job over a start-up dream? These are questions that plague every entrepreneur. So face your fears and follow your dreams.

4. Truth can be stated in a thousand different ways, yet each one can be true.

There is no one way to do anything. There could be multiple ways to do the same thing and hence, there is no wrong or right in that. And for this, a leader needs to be open to different ideas and opinions of the people. To be able to take people along, and inspire them with your vision, one needs to know that there are a thousand sides to the same story.

These five quotes by Vivekananda are still applicable in today’s times. If you are an entrepreneur and looking for inspiration these quotes will surely motivate you. To gain an in-depth understanding of business, you can take a business coaching program. To know more, visit www.badabusiness.com.

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Motivational

10 Powerful Elon Musk Quotes That Will Inspire You To Achieve Business Success

10 Powerful Elon Musk Quotes That Will Inspire You To Achieve Business Success
10 Powerful Elon Musk Quotes That Will Inspire You To Achieve Business Success

Known for his impressive accomplishments, Elon Musk has been an inspiration for many young entrepreneurs across the world.

While Musk has founded billion-dollar companies, money was not the driving force behind them. He invested a huge whopping amount and sometimes nearly all of his fortune to solve some of the world`s biggest problems.

Just like Elon Musk, we too believe that ordinary people write extraordinary stories by believing in themselves. To inspire our readers, we are presenting some of the key learning lessons from Musk’s life. Take on the impossible with these seven Elon musk quotes:

1. I think ordinary people can choose to be extraordinary.

2. The first step is to establish that something is possible; then probability will occur.

3. When something is important enough, you do it even if the odds are not in your favor.

4. If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.

5. Persistence is very important. You should not give up unless you are forced to give up.

6. If you go back a few hundred years, what we take for granted today would seem like magic-being able to talk to people over long distances, transmit images, fly, and access vast amounts of data like an oracle. These are all things that would have been considered magic a few hundred years ago.

7. The first step is to establish that something is possible; then probability will occur.

8. It’s OK to have your eggs in one basket as long as you control what happens to that basket

9. My biggest mistake is probably weighing too much on someone’s talent and not someone’s personality. I think it matters whether someone has a good heart.”

10. If something has to be designed and invented, and you have to figure out how to ensure that the value of the thing you create is greater than the cost of the inputs, then that is probably my core skill.

Turn your ideas into reality with smart business models and strategies with our business coaching programs that will take you from a newbie to a pro!

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: https://www.badabusiness.com/psc

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Motivational

4 Tips Young Entrepreneurs Can Use To Stay Inspired

4 Tips Young Entrepreneurs Can Use To Stay Inspired
4 Tips Young Entrepreneurs Can Use To Stay Inspired

Summary: Have you ever felt like you are stuck in your entrepreneurial journey and can`t seem to find your way out? Don`t worry! It`s not your lack of passion but a phase. Here are a few tips to keep you on the right path.

Entrepreneurs do not have an easy job. It might sound like all glitters and stars to be your boss; however, there comes a phase when everyone feels stuck. But always remember that it is just a phase. If you feel it is getting difficult to come out of a rut, you can always take help from a business motivational speaker.

Take small steps every day, as it is better to make slow progress than to quit and completely stop working towards your goal. It can be tough to continue working towards something when you don’t see a clear path ahead — you start feeling defeated, and instead of enjoying the process, you begin to loathe it.

Being stuck is draining and you may feel like nothing is working in your favor. You may also lack the motivation to find a solution to the current business challenge that you might be experiencing. However, you can`t let the grind sap all the life out of you. To get out of this rut, you will need a support system. It could be your friends, colleagues, or peers, or you can hire a business coach who can guide you to come out of that difficult phase with his guidance and support.

1. Positive Self Talk

If there is one person who is going to be with you constantly is— YOU. Hence, it is very important to analyze how you communicate with yourself. Focus on positive self-talk and affirmations. Avoid negative thoughts, self-criticism, and underestimating yourself. For instance, instead of saying “I haven’t had a promotion in five years”, say to yourself, “What is my plan to get the promotion or find a job that fairly compensates me.”? Try to focus on the resolution, instead of your hurdle and you may look at the challenge from a different perspective.

2. Do New Things

Following a routine is fine, but living life is also important for a happy mind and healthy heart. So, the only place to grow is discomfort. Just like stagnant water begins to stink, staying in your comfort zone will hinder your growth. Do things that make you uncomfortable, but are important for your business. For example, if networking is what gives you nightmares, set a goal on how many connections you’d like to make. Spark up the excitement for life again. It’s the small steps that create the largest gains over time.

3. Surround Yourself with Positive People

A tree survives in appropriate conditions. However, it only grows when it is provided with weather conditions that are clean, healthy, and pleasant. Having people around you who are full of positive energy, dreams, goals, and vision is a great way to stay motivated.

You won`t be stuck for too long if you can call someone whom you trust. Hiring a business motivational speaker is also a great idea. Set up an in-person meeting with a friend, family member, or mentor who always knows what to say when you are facing a conflict.

4. Don`t Just Make Plans, Execute Them

Neither wishing nor complaining will get the job done. Take steps towards finding solutions that will help you to change your circumstances. So take out some time to figure out what you want, and start formulating a plan.

Entrepreneurs are meant to bridge the gap between a problem and a solution. You decided to become an entrepreneur because you recognized a problem that can help people and bring ease to their lives. Always remember why you set out to be an entrepreneur. Do not push your goals and dreams aside just because you are feeling stuck momentarily. You can always hire the best motivational speaker in india to help you keep moving forward.

Want to make progress in your business with Dr. Vivek Bindra. Visit: www.badabusiness.com

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Business motivation Startup

A Complete Step-By-Step Guide To Start A Small Business In 2022

A Complete Step-By-Step Guide To Start A Small Business In 2022
A Complete Step-By-Step Guide To Start A Small Business In 2022

Summary: Starting a business sounds exciting but do you have enough knowledge to build one from scratch?

Nothing excites me as much as the idea of becoming my boss. Apart from having multiple coffee breaks and the flexibility of working at my own pace, it motivates me to work hard and chase my dreams. Every decision that I make will bring me closer to my business goals. However, there is only one hurdle, how to start a small business? Should I take help from a business motivational speaker, or should I work along with a corporate trainer?

Most young entrepreneurs often have these questions while thinking about turning their ideas into a beautiful reality. Starting a business sounds exciting, but how and where to begin?

There are many different approaches. For instance, you can enroll in a business coaching program or get help from a mentor. But what are the exact SOPs that one should follow?

To know the answer, follow this step-by-step guide that will help you to understand the exact SOPs required to start your small business.

1. Refine Your Business idea

If you are thinking about starting your venture, you might already have an idea in your mind. Whether product-related or service-related, do a quick search about existing companies in your industry. Learn about your competitors and brand leaders and figure out which unique features or products they are offering their customers or where they are lacking. You can turn these gaps into opportunities.

Also, find out your USPs. This will help you to stand out. Define your ‘why.’ If you want to be an entrepreneur but do not want to start from scratch, you can also consider taking a franchise.

But what are the factors one should consider while taking a franchise? You can watch this incredibly informative video by Dr.Vivek Bindra here:

2. Know Your Competitors Well

Most entrepreneurs spend more time creating their products (which is good) than they often do to know their competitors well. If you will go to investors, the first thing that they would like to know is what sets you apart from your competition.

Knowing your competitors is as important as knowing your target audience. You can conduct a SWOT analysis for your competitors. It will give you more clarity on what is working in the market. You can also take help from a motivational speaker.

3. Create Your Business Plan

A business map is like a road map that will help you visualize your journey and spot potential problems. This document makes it simple for financial institutions, potential investors, and company management to understand your business. Your business map should include an executive summary, market analysis, organizational structure, products & services, mission & goals, company’s background, financial and marketing plan. You can also work with a business motivational speaker to develop your business plan.

4. Assess Your Finances 

Finance is a significant factor that one should consider before starting a small business. Do you have the means to start your small business, or would you take a loan? If you are planning to leave your job to focus on your startup venture, do you think you have enough money to support yourself until you make a profit? Only 5% of startups survive after five years. Most startups fail because of lack of funds. Hence, it is essential to perform a break-even analysis.

Once you have figured it out, it is time to consider your funding options. There are multiple options, from business loans to government schemes, crowd-funding to fundraising through investors and business grants.

5. Determine Your Legal Business Structure

Before registering your company, you need to decide what kind of entity your business is. A business structure legally affects everything from how you file your taxes to your liability if something unfortunate happens. There are four types of business structure:

i). Sole Proprietorship

ii). Partnership

iii). Corporation

iv). Limited Liability Company

6. Register Your Business

Once you have decided about your business structure and name, it is time to register your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government and maybe your state government as well.

7. Apply for Licenses & permits

By staying legally compliant, you can keep your business running smoothly. The licenses and permits you need for your business will vary depending on your industry, sector, state, location, and other factors.

8. Open a Business Account

Set up one business account to handle legal, tax, and day-to-day issues. Keep all the required registration and paperwork ready.

Starting a business requires lots of planning, finance, and completion of a series of legal activities.

Hence, if you want to start a business, you can take help from a business motivational speaker.

The idea of managing a business is more straightforward said than done, and we 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 with foundation courses, specialized courses, and value-added courses.

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Motivational

5 Winning Habits Every Successful Entrepreneur Should Develop

5 Winning Habits Every Successful Entrepreneur Should Develop
5 Winning Habits Every Successful Entrepreneur Should Develop

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

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

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

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

1. Ready. Aim. Fire

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

2. Wake Up Early

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

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

3. Prioritize

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

4. Read

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

5. Connect with other Entrepreneurs

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

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

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

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

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Process & Business Expansion

5 Effective Ways To Connect & Network With Other Entrepreneurs

5 Effective Ways To Connect & Network With Other Entrepreneurs
5 Effective Ways To Connect & Network With Other Entrepreneurs

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

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

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

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

1. Be Active in a Community App

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

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

2. Know-How Networking is Beneficial for You

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

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

3. Don’t Be Afraid to Ask for Connections

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

4. Join a co-working space

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

5. Keep the Agenda of Networking Clear

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

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

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

Categories
Technology

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

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

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

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

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

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

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

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

1. Networking is rewarding.

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

2. Get Experience

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

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

3. Learn from the experts

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

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

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

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

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

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Powerful Personalities

3 Middle Class Business Leaders Who Changed The World

3 Middle Class Business Leaders Who Changed The World
3 Middle Class Business Leaders Who Changed The World

Jeff Bezos, Elon Musk, Bill Gates, and late Steve Jobs- what do these names have in common besides being famous and at the top list of richest people in the world today?

Apart from their incredible business sense and passion to do something in their lives, one common thing is that they all hail from humble backgrounds. All of them are of middle-class origin, who courtesy to their ambition and aspirations have changed the world since the end of the last century, and to the present one.

If you have seen their biographies, you will notice that they all come from the American middle class or even from other countries. These people who define success on their terms are the product of “aspirations” that can`t be learned in any online business course.

But what does it reflect for young entrepreneurs who want to start their business, but hold back because of their social class?

It sends out a strong message to our youth that these business leaders who hail from made a mark in the world achieved success from their aspiration of a social class that does not enjoy the great privileges of luxuries. They overcome their vulnerabilities and have made a better life for themselves and their fellow men.

1. Jeff Bezos, Miami Middle Class

Jeff Bezos’s mother is Jacklyn Gise married Miguel Bezos- Jeff`s adoptive father, from whom received the surname. He completed his graduation in computer science engineering in 1986 from Princeton University. After his graduation, Jeff began working immediately in various companies of medium prestige.

His family was settled in Miami, Florida and when Jeff started his first business it was his parents who brought him his initial capital. His book sales company was installed in the garage of a house in Seattle. Nobody imagined that he was laying the foundation of today`s giant- Amazon.

And the rest is history. Jeff Bezos had a middle-class childhood and adolescence with high aspirations. Perhaps, he never imagined that one day with his positive mindset, he will become one of the richest men in the world.

If you too want to begin your startup, begin by making yourself equipped. Enroll yourself in an online business course and learn everything about the business world.

Watch his amazing journey here:

2. Bill Gates, Quality Education

Bill Gates spent his childhood and adolescent years in the city of Seattle. Gates’s father was a lawyer, while his mother was a teacher. The family income was modest through which his parents managed to provide him with a high-quality education.

In 1975, he founded a company called Microsoft, which over the years became one of the brands that changed the world. To know more about how being merely a student, he managed to establish a company, watch this brilliant case study on Bill Gates by Dr. Vivek Bindra, the best motivational speaker in India.  

Watch his amazing journey here:

3. Steve Jobs, the benchmark of Success

The late Steve Jobs is the benchmark of success derived from great aspirations. There is no one else in this world that can even come an inch closer to this title. Jobs during his living years and beyond is the overwhelming proof that the origins and your social class have nothing to do with your quench for triumph.

Steve Jobs’s biological parents gave him up for adoption to a classic middle-class American couple- Paul Jobs and Clara Hagopian. The adoptive father was a railroad engineer and his mother was a housewife. The couple raised him with great effort.

His corporate journey began in 1976 with the start of Apple which he began with his friend Steve Wozniak in a garage. Death cut his life short in 2011. But this legend utilized his living years to transform the way this world had known computers.

We will not recommend you to miss out on his inspirational journey! Watch it here:

These millionaires and billionaires come from humble backgrounds. With moral values, integrity, passion, and high aspirations they have changed the world forever for the better. They are moved by the desire to promote economic development and the benefit of their own and society.

To give your aspirations wings, you can take our “Entrepreneurship Course” through which you will gain in-depth knowledge about the distinct business dimensions.

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Startup

Startups in India Need To Be Encouraged To Ensure That They Are Not Afraid of Failure: Piyush Goyal

startup ipo india

New Delhi, March 3: Piyush Goyal, Commerce and Industry Minister Piyush Goyal on Tuesday said that startups need to be encouraged to experiment and ensure that they are not afraid of failure. In his address at the CII’s Global Bio India Startup Conclave, Goyal said that in some sense, failure also has its importance, particularly in research, innovation and invention. The Minister emphasised that Indian startups need to be encouraged to experiment and only then they will be able to prove their capacity to go beyond in the long run.

“Our startups need to be encouraged to experiment, to go beyond the run of the mill thinking. We need to ensure that our startups are not afraid of failure. I believe that the country should celebrate failure because it is only when somebody fails, he knows how not to do something,” he said.

Emphasising on the talent in rural India, the minister said that the need of the hour is to engage more with rural India as there is a lot of talent lying there. “You cannot have great innovation and invention coming up through just government initiative, we need to have all sections of business involved. The government should act as an enabler, a service provider,” the minister added.

In India, the government is taking steps to promote startups by launching a slew of initiatives to boost the startup ecosystem in the country. It had launched the Startup India initiative in January 2016 to build a strong ecosystem for nurturing innovation and entrepreneurship.

Categories
Business motivation

5 Low-Cost Business Ideas for Young Entrepreneurs to Enhance their Skills

low cost business idea
Promote Your Business Online

‘Success may come to the first movers, but success stays with the fast movers’. Starting your own business is a dream, but if you stay confused about which industry or sector you must choose, you might keep waiting for a long time.

Every business has its challenges, however, if you are determined and confident about your skills you can find amazing business ideas that are profitable in 2021.

For young entrepreneurs who are passionate about making their mark, here is a list of low-cost business ideas:

Repairing of Mobile Phones & Computers

If you are an undergraduate but have dreams of becoming an entrepreneur in India, this idea is perfect for you. If you are interested in computers, you can do simple hardware repairing certification course. It is one of the most profitable low-cost business ideas that do not require you to have any degree. You can set up a shop in your locality and start earning by repairing mobile phones & computers.

Create a YouTube Channel & do Brand Promotions

In this world of digitalization, the definition of entertainment has changed, completely. Today, young entrepreneurs are earning well by creating engaging content and promoting popular brands on their YouTube channel.

Starting a channel on YouTube is easy and hassle-free. It is a low-risk business idea, which is perfect for young entrepreneurs who are filled with unique concepts and exclusive ideas. All you need is a phone and a video editing app to create short videos that scream entertainment.

Become a Translator

Love learning new languages? Then becoming a translator is an excellent business idea for young and aspiring entrepreneurs in India. Various companies in the country are looking to expand their reach globally. They are willing to pay people who can speak foreign languages like Japanese, Chinese, German and Spanish.

So if you are interested in learning a foreign language, you can make good money from this by offering your translation services to individuals as well as companies.

Fitness Guru

Today, people are becoming health conscious more than ever. Thanks to our unhealthy lifestyle and hectic work schedules, more and more millennials are turning towards fitness trainers for good health.

If you are crazy about physical fitness, you too can become a fitness trainer. There are many certification courses available as well. You can set-up a gym and become a qualified fitness guru.

Online Tutor

With BYJU`s joining the Unicorn Club in 2020, online education has become a popular thing. If you have proficient knowledge about a certain subject, why not use it constructively? Due to the pandemic, many students are looking for a subject matter expert to help them in their studies. Becoming an online tutor is an excellent business idea that is profitable and involves no risk. Your subject knowledge can help you earn handsome money.

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