Don’t start a business until you read this!!

Everyone wants to be a entrepreneur but only few qualify to be a real entrepreneur. These are 5 warning signs which show you may not be ready to start a business.

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1.Don’t start a business if you have no money:

It takes time for business to mature and to generate profit. Don’t expect to start a business and starting generating profits in a month or two. It doesn’t happen. Most business owners don’t make profit until many years into their business. Business takes time and efforts to grow.

2.Don’t start a business if you don’t understand the industry: 

Always answer questions like what qualifies you to be in this space of starting a business? In order to make money in any industry, you have to understand the industry, thoroughly learn the industry.

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3.Don’t start a business if you don’t have stamina:

Stamina here means mental toughness to endure pain. Every successful entrepreneur would have experienced pain over a long period of time before they accomplish even a little bit of success.

4.Don’t start a business if you want more free time:

You might have free time after many years working in your business. When you are running your business there is no option of working 9 to 5. It is on your mind 24/7. You can’t take time off from your business mind.

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5.Don’t start a business if you know how to close:

You should master the art of closing if you want customers , want financing freedom. If you don’t have the ability to close anyone , anytime then you are not qualified to be in business.

How to do great branding for Small Business ?

Only few Small business owners understand the importance of branding. They identify the key linkage between successful business and strong branding. Branding will always help you create great success for your business.

Branding is an unique way of defining your business to your team, customers, clients, stakeholders. It is also a 'identity’ point for your business. Let’s try to understand the important 5 principles to great an everlasting brand.

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1. Define your brand

Review your product / service you would like to brand. Gather necessary details related to the market which it occupies and the needs / concerns of your customers. Any words / character used should always relate to your nature of business.

2. What drives your business?

Clear Purpose, Vision, Mission enables you to drive a proper robust business and therefore create self-sustaining branding. These also help you position your business as a key player in the market.

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3. Build long-term relationships.

Create trusty with your customer by conveying realistic expectations. Be clear with your business values and that should drive your day to day business.

4. Don’t follow BIG BRAND STRATEGY.

Try and sketch your own identity. Corporate chains will have great impact in the market and don’t be tempted to recreate similar branding. Always try to leverage your business strategy towards branding.

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5. Be bold and innovative.

Unique, quirky designs / branding always stand out in the crowd. Don’t be afraid of trying new trends which enables your business to grow.

 

6 amazing tips to save more money and build wealth

Earning is not important for prosperity, saving wherever possible is the KEY. Lets discuss on 6 amazing tips to save more money and build wealth.

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1.Buy in BULK and ON SALE:

Anyone with a supermarket member like Reliance Fresh / Big Bazaar / Hyper Market can test that buying in bulk saves money. This rule is only applicable for goods which you actually need and which don’t get spoiled over time. Always watch for a moment to use coupon on the items which are on SALE.

2.Stay away from Credit Cards:

If you have a credit card then you are travelling on dangerous path. A credit card encourages people to make impulse purchases regardless of whether or not they can actually afford it. By using a credit card you are prone to spend more money than you actually plan to spend.

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3.Buy it straight from Manufacturers:

Try to cut off the middleman wherever possible. You will be surprise to know the price difference when you order something straight from the manufacturers. Always try this option first before you try purchasing anything through a middleman.

4.Live below your means:

The biggest problem for a lot of people is they spend more money than they earn. Ensure to live a life of your means rather than trying to impress / satisfy others. This makes you save more money rather than expense.

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5.Start earning Passive Income:

It is nearly impossible if you are breaking your back for every single penny. Poor people work and spend their time to earn money. But millionaires invest smartly in ways which generate passive income. One way to do this is via investments.

6.Surround yourself with successful people:

In general people around you influence you a lot. Hence trying to be in a group of successful people will always paving way for more opportunities, provide motivation to earn more and get rich. 

5 Tips from Millionaires on ‘HOW TO SAVE UP A LOT OF MONEY’

Making health financial habits in your life are a BIG STEP towards your goal of PROSPERITY. To start with that we have got you 5 tips from Millionaires on ‘HOW TO SAVE UP A LOT OF MONEY’

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1.Follow the 50/30/20 Rule: 

This is a great budgeting technique. The idea is to divide your income into 3 categories:

Necessities - You should allocate 50% of your income for this category such as rent, transportation, groceries, and basic needs.

Personal – You should allocate 30% for entertainment, shopping, hobbies and everything which makes you happy.

Saving – Put 20% of your money straight into your savings account.

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2.Avoid Poverty Thinking: 

Never say things like ‘It is too expensive’/ ‘I will never be able to afford that’. See the high price tag is limit to overcome and not as a barrier for your wealth. If everything in this world is affordable then no one needs to work hard to achieve more.

3.Write out a detailed Financial Plan: 

Set specific goals and draft detailed plan on how to achieve them. For example, it you want to go to Spain next year then start planning for this well before by saving a portion each month. Setting long term goals are better as those are excellent motivators.

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4.Adhere to the Rule of 100: 

Rule of 100 means doing a ‘100 of something’ each year. Examples do 100 speeches, 100 articles, 100 workouts. This will not only make you more skilled in a job but also keeps your motivated.

5.Always have a PLAN B: 

Today you might have a dream job and a steady income. But nobody knows what tomorrow will bring, hence always prepare and have a detailed PLAN B. Apart from saving apart of your salary for emergency fund also prepare yourself for CRISIS. Think of other skills you have and work on developing them on your free time. Expand your professional network.

Follow these 5 tips and enhance prosperity in your life !

11 Important Life Lessons from the Mahabharata

Mahabharata is considered as one of the ancient manuscript of India. It narrates the struggle between two groups in the Kurukshetra War (the Kaurava and the Paṇḍava). Apart from epic situation, characters described in the literature, there are numerous life lessons which are even applicable now. Let’s see the top 11 important Life Lessons from Mahabharata.

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• Being courteous, modest and big-hearted is not enough to live life.
• Bad company can destroy your life beyond thoughts.
• Total support and reliable friends can take you places. 
• You need to battle for your belongings. 
• Being emotional isn’t good. 
• Continuous learning will always help you in life. 
• Not all friends are friends, few are the real enemies. 
• Partial knowledge will lead to failure. 
• Passion can make / break you
• Always respect others and never make anyone feel unattractive. 
• A good strategy is what you need to sail your boat. 

How to ask for Promotion to your boss ?

If you are a great team player, high performer, a person who always takes additional works and have met all your deadlines for an extended period of time then you are ready to ask for promotion. There are many preparation works (like gather your achievement, opening available for promotions, requesting for a meeting etc) which have to be done before you meet your Boss. But irrespective of all your preparations there are key guides which you should follow during your discussion to get your reward - ‘PROMOTION!’

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1.Begin with your accomplishments:

Begin your meeting by greeting and thanking your boss for providing time to talk and discuss about your request for promotion. Always have the list of your personal achievements handy so that those can be discussed first. Be specific with your accomplishments, provide necessary facts whenever you discuss with your Boss. Showcase examples of revenue saved / increased or any factor which makes your stand out in the crowd.

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2.Being ready for more duty:

Post discussing on your accomplishments, now you can discuss on the role which you would want to take. You should be in a position to showcase the learning / activities performed by you to meet the new role. Always think of prioritizing your work to attain your new position.

3.Request for feedback:

Let your boss also do the talking, this will help you understand his/her perspective on your readiness for promotion. Have proper points to justify if he/she raises any concerns / queries but try to be more polite. Take this meeting as an opportunity to showcase how valuable you are to this company.

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4.Follow up:

Your meeting can result in not getting your promotions too, but you would have gathered all necessary ideas which are expected from you. Work on those areas, show progress and follow up with your boss regularly. Request your boss for continuous feedback until to achieve a stage where you are granted promotion.

Principal Rules to master the ‘ART OF PUBLIC SPEAKING’

Public speaking – the Greek’s art is always considered as a rough play ground by many leaders. Majority try to move away when they are presented with a chance to deliver a speech. Here we will discuss about principal rules which can be easily followed by any and master the ‘ART OF PUBLIC SPEAKING’.

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1.Preparation:

What is preparation? Is it reading books, listening to speeches, collecting ideas? No, these can help you get ideas but when it is presented in the same way as it is read / heard, these might not be received well by audience because they might feel that something is lacking. Connection with audience will happen only when are you sharing your feelings and experience with right mix of factual / relative information. Hence preparation should always be as a process of thinking, recalling, selecting the ides which appeals to you, polishing them with your experience factor and creating a pattern for delivery.

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2.Memory:

Researches quotes that an average human does not use above 10 %of their actual brain capacity for memory. So any one can practice and harvest the remaining 90 % of their brain capacity as per their needs. To do so you should follow the key rules ‘impression’, ’repetition’ and ‘association’.

‘Impression’ can be gained by deep, clear thoughts in the mind. This can be achieved by strong preparation. ‘Repetition’ is working on initial thoughts gathered numerous times until it seeps in your sub conscious mind. An energetic concentration will help you to do this task. ‘Association’ is the key factor as vague thoughts without proper linkage can be dangerous. Hence always associate your ideas in a certain pattern can help you recall whenever necessary.

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3. Good Delivery:

Delivery is not about throwing whatever you have prepared at audience. It is a sign of sincere attempt to connect with the audience through rigorously practiced delivery style / pattern. Great orators have a right balance between content, tone of delivery and connection with audience. Be enthusiastic to convey your points to the audience. As your sincerity, earnest, enthusiasm can always be read by audience and these will be appreciated.

Practice all these rules and take advantage of your skills to master the ‘ART OF PUBLIC SPEAKING’.

Top 4 things Leaders should never do in office

In today’s corporate world, leaders are facing numerous challenges and are trying to overcome each with their wisdom. There are ‘n’ numbers of things suggested for a leader to do and not to do.

Here we are about to discuss on Top 4 things Leaders should never do in office. Mastering these items which inevitably give them an edge over others & make them a SUCCESSFUL LEADER!

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1.Never Misuse Your Power: Remember the famous dialogue from the movie ‘Spiderman’ – With Great Power comes Great Responsibilities!!’. A leader can misuse the power if he is not a person of integrity. Especially if he is not answerable to anyone. It should be the unsaid responsibility of a leader to let others grow to the place of new leaders. He should actively create more leaders.

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2.Never Misuse Fear of Subordinates: Leaders can misuse the fear of their subordinates. One naturally commands respect just because of being in a position of power. Respect can’t be demanded, it has to be earned. If you want to have a reality check of your leadership, then try to understand if everyone is comfortable and happy when you are around.

3.Never take credits of your subordinate’s work: Your employees are not just machines to be operated. They are human being, so always give respect to any idea which they propose. In case those ideas turn into HUGE SUCCESS, please give appropriate credits to the respective person. Taking all credits of idea for self will definitely make employees lose hope.

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4.Never ignore the unhappiness of subordinates: As a leader should you always keep an eye over the people to track their job as well as to sense their emotions at work. An employee’s happiness or unhappiness is purely in the hands of the leader. So always be in touch even with the last man to read the emotions of your subordinates. Unhappiness employee will always be a liabilities to your team.

Best motivation quotes from Bill Gates

Bill Gates is a business leader, and philanthropist. Bill Gated with his partner Paul Allen founded and built the world's prime software company –Microsoft. Through technological innovation, keen business strategy and aggressive business tactics Bill Gates gained numerous success and money making it top Billionaire as per Forbes for few decades.

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Below are the World's best motivation quotes from Bill Gates

1.     Success is a lousy teacher. It seduces smart people into thinking they can’t lose.

2.     If you are born poor it’s not your mistake, but if you die poor it’s your mistake.

3.     Life is not fair get, used to it!

4.     We make the future sustainable when we invest in the poor, not when we insist on their suffering.

5.     It’s fine to celebrate success but it is more important to heed the lessons of failure.credit: third party image reference

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6.     We all need people who will give us feedback. That’s how we improve.

7.     Treatment without prevention is simply unsustainable.

8.     Discrimination has a lot of layers that make it tough for minorities to get a leg up.

9.     Software is a great combination between artistry and engineering.

10. Exposure from a young age to the realities of the world is a super-big thing.

Top 15 investments, savings quotes from Warren Buffet.

Warren Edward Buffett is an American business tycoon, patron, speaker and humanitarian. He is the chairman and CEO of Berkshire Hathaway. He is considered one of the most flourishing investors in the world and has a net worth of US$84.9 billion as of February 12, 2019, making him the third-wealthiest person in the world.

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Below are the top 15 investments, savings quotes from Warren Buffet.

1.     Price is what you pay. Value is what you get.

2.     Beware the investment activity that produces applause; the great moves are usually greeted by yawns.

3.     Risk comes from not knowing what you are doing.

4.     Never invest in a business you cannot understand.

5.     In the business world, the rear-view mirror is always clearer than the windshield.

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6.     It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.

7.     If a business does well, the stock eventually follows.

8.     Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.

9.     Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.

10. The stock market is designed to transfer money from the active to the patient.

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11. If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.

12. Our favorite holding period is forever.

13. An investor should act as though he had a lifetime decision card with just twenty punches on it.

14. Time is the friend of the wonderful company, the enemy of the mediocre.

15. Wide diversification is only required when investors do not understand what they are doing.