As per Employee Provident Fund Act of 1952, Employee Provident Fund (EPF) is a government instituted scheme where the employee and the employer contributes a certain amount of money to their accounts. This fund can be utilised post retirement or in case of emergencies like education, marriage, house maintenance etc.
This mandatory savings cum retirement scheme requires employees of eligible organisations to pay 12% of their basic pay into Provident Fund every month. However, in the wake of the pandemic, this number was reduced from 12% to 10% for non government employees.
The deposited money in EPF will earn interest on an annual basis. Upon meeting certain criteria, the employee can even withdraw the money prematurely.
Universal Account Number (UAN) is the key to all of your EPF related transactions. While you may have multiple EPF accounts as you change your organisation. Even then, the Universal Account Number will remain the same.
Through UAN, you can bring all your EPF accounts under an umbrella and keep them safe. They have a unique lock and key to protect your deposits and ensure that only you have access to the account.
UAN is a 12-digit number which is assigned by the Ministry of Labour and Employment and generated by the Employees Provident Fund Organisation (EPFO). As far as Indian companies are concerned your UAN will be printed on your salary slip right from the time they start to deduct money for the EPF.
Unlike before, you can withdraw your EPF online in case of any emergency or after retirement. While it may take a few days to get the amount credited to your account, it is still better than the offline hassle that you have to go through. You can choose whether you want to withdraw it partially or completely and proceed the application accordingly.
Before Starting
Make sure that your Universal Account Number is activated and that your phone number linked to your UAN is functional.
Ensure that your UAN is linked with your pan card and Aadhar card.
Keep ready your bank account details along with IFSC code.
Applying to Withdraw EPF online
Go to the EPFO e-SEWA portal. Login to the website using your UAN and password. If at all you forgot your password, you will have an option to reset it.
Click the ‘manage’ tab, go to ‘KYC’ option and verify if your details such as Aadhar card, pan card etc. are verified correctly.
Go to ‘Online Claims Section’ and click on ‘Claim (Form-31, 19 & 10C)’ from the drop down menu.
When the Claim screen appears, verify the details once again and enter the last four digits of your bank account number. And click on ‘verify’
Click ‘yes’ to accept the terms and conditions and sign the certificate of undertaking.
You can then proceed to click on ‘Proceed to Online Claim’.
In the online claim you will see a set of options under the menu ‘I want to Apply For’. Click on your required option like full EPF withdrawal, EPF part withdrawal etc. Only the options for which you are eligible will be shown.
Depending on the option you choose, you will have to enter your complete address, purpose of such advance etc. In case you have selected the ‘Advance Claim’ option, you might have to provide cheque book details along. This varies for various options.
Do upload the requested scanned document as necessary.
After accepting the subsequent terms and conditions, request for the OTP.
After you enter OTP, your application will automatically be submitted.
The amount will be credited only after your employer approves your request. After that it will take upto 20 days to credit the amount to your account.
After submission, you can also track the status of your application by logging into your account through EPFO e-SEWA portal.
Conclusion
Today, many people depend on EPF to fund their emergency requirements rather than depending on loans. These days, many non-government firms are providing provisions for EPF. The government is also taking initiatives to bring in a maximum number of people under the protection of EPF.
FAQ
Can I withdraw my PF without resigning?
No, Full withdrawal of EPF is not permitted before the retirement
Can I withdraw full PF amount?
No, you can withdraw 75 percent of provident fund balance if you remain unemployed for 1 month.
Target marketing, by simple definition, is segmenting customers into groups of those with similar needs and preferences and focusing your marketing efforts on them. In doing this, you’re able to tailor your marketing campaign to reach them in a language and method they can identify with.
It’s one of the best ways to be successful in marketing and to build a profitable business. You can discover the needs within the group and adopt the marketing strategy that suits the identified target group.
However, it can be challenging if you don’t know where to start or do it right. The first step is to understand your audience through market study and research. But it doesn’t stop there. To help you build a strong target marketing strategy and campaign, look at the do’s and don’ts of successful target marketing.
The Do’s of Successful Target Marketing
If you’re to succeed in reaching your target audience and keeping them interested in your brand or products, certain practices are a must-do. Here are some do’s of target marketing:
DO: Undertake Extensive Market Study
It’s essential to understand your industry, niche, competition, and market segments. Having the appropriate data behind what drives the market should influence what target group you choose to market your brand to. It’ll also ultimately guide your marketing plan and strategy and save you from selecting and focusing on the wrong target group.
Your market study needs to be extensive whether you’re using demographic, behavioral, or location based marketing techniques. This is how you know if the market segment you’re targeting is flooded or there are enough customers for your business as well. In addition, comprehensive knowledge of your product and services will enable you to communicate in your audience’s language.
This is key to ensuring that you get a target audience that loves what you present to them. Studying your competition is also crucial as it’s how you know what’s already available in the market and how it’s been presented to the audience. Ask yourself how your targeted marketing campaign will differ from your competitors and why the customers should listen to you.
Understanding your competitors allows you to position your brand and products in the market strategically.
DO: Get the Correct Target Group
Your correct target audience is the group of customers that are most suitable for your products or services. Their characteristics match your brand and products better than the other groups. Experts recommend that your correct target group should possess the following features.
Well-defined and measurable: Ensure that your target audience has a clear definition with unique aspects such as gender, cloth sizes, age group, or income.
Accessible: Ascertain that you can actually access the target market either in some way.
Fit and inclined: Check to see that your products are ideal for your target audience, they need what you’re presenting to them, and they’re inclined to purchase it.
Representative: The target market needs to be big enough for the business to benefit from engaging with it.
The best practice is to develop criteria to collect data on each factor above. You can then rank and rate which group you should focus on from there.
DO: Focus on Your Audience
The first rule in any marketing strategy is to focus on your audience and their needs. Even with the most suitable products for a target group, your marketing efforts would be futile if they don’t match customer needs. Your mindset should be on how they can best benefit from what you’re marketing to them.
Your marketing campaign’s aim should be to satisfy their needs and give solutions to their problems. If you’re able to do that, your chances of clicking with your target audience can significantly improve. In return, you create a relatable brand that helps to build lasting relationships with your customers.
The Don’ts of Successful Target Marketing
While defining and marketing to a target audience is entirely possible, some mistakes can hinder its success significantly. Here are a few mistakes that can reduce the impact of your target marketing efforts:
DON’T: Make Any Assumptions
Assuming that you know everything about your business, products, or services without complete market research is a fatal target marketing mistake. Getting customer views and feedback is essential to understanding where to target your marketing efforts. It doesn’t matter how well you think you know your business or the target market, don’t make any assumptions.
Consumer brand and product engagement trends change with times and seasons. You must stay in touch with your target market’s wants and needs.
DON’T: Overlook Target Market Viability
Another critical thing to avoid at all costs is neglecting to check market viability. Otherwise, you may end up without clients and sales. You may find that a target market is too narrow to sustain the business. Sometimes a target market is just too small or has been narrowed down too far. For successful target marketing, you need to have a sufficient target audience to engage with your offering.
DON’T: Be Target Market Biased
When choosing which target audience to focus on, give the same attention to each segment. There will be a problem if there’s bias in the process. When resources are limited, it’s easy to overlook market viability and other essential processes and jump on to the easiest solution.
If, for example, the questions asked to gather market data are devised to get a specific answer, the result will be inaccurate and might cost you significantly in the future. You may end up targeting the wrong audience, which can affect your sales and revenue.
DON’T: Forget Your Overall Goal
Target marketing has to have a set goal. That’s to be unique with attractive qualities to offer your audience. These qualities should increase engagement and conversions. While being original here is an excellent idea, being unique also matters. You need to know the difference and create a balance between the two to meet your overall marketing goal. This requires you to collect sufficient data.
Conclusion
Solid knowledge of your target audience is imperative for successful target marketing, as marketing is more than just about buying and selling. Similarly, you need a comprehensive understanding of your products and the competition.
Prioritize your business goal by guaranteeing that your marketing strategy improves the number of visitors who can convert to customers. Be practical and use qualitative methods to collect unbiased data.
Indian Oil Corporation Limited or Indian Oil is one of the largest Indian government-owned Oil and Gas Companies. The company was founded in 1959 and is currently the largest commercial oil and petroleum enterprise in India. IOCL ranks 151st position in Fortune Global 500 list and 2nd in Fortune India 500 list for the year 2020.
IOCL has so far been successful in meeting the fuel demands put up by the world’s second most populated country. Let’s see what they’re doing differently from their competitors to improve their brand image. In this article, we will try to shift the focus towards the marketing strategy of Indian Oil Corporation Limited.
Indian Oil Corporation Limited was founded in 1959 and since then handled the responsibility of meeting the fuel demands of India. The company is under the control of the Government of India & the Ministry of Petroleum and Natural Gas. As of 2020, the oil and gas company earned a net profit of ₹43,242 crores (US$6.1 billion) in sales turnover among India’s most profitable state-owned companies.
The company is an expert in the production of crude oil, natural gas, petrochemicals, refining, pipeline transportation and marketing of these products. The IOCL holds nearly 35% of national refining capacity together with its subsidiary Chennai Petroleum Corporation Limited (CPCL) and 65% downstream sector pipelines through capacity.
All About Indian Oil Corporation Limited
The Indian Oil Corporation is known to have over 33,500 employees along with its subsidiaries in countries like Sri Lanka, Mauritius, the UAE, Singapore, Sweden, the USA and the Netherlands. The company is currently setting up over 20 joint ventures with reputed business partners from India and abroad to explore global opportunities. Some of the International Indian oil corporation subsidiaries are Lanka IOC in Sri Lanka, IndianOil Mauritius, and the IOC Middle East FZE.
In January 2021, IOCL overall sales were at an all-time high of 4,10,000 barrels of oil. Some of the main competitors of Indian Oil Corporation Limited are:
So how does a company like Indian Oil Corporation Limited markets its product effectively and efficiently that it beats all its competitors to scale up in the oil and gas sector? Let’s see their unique marketing strategies.
The marketing mix usually refers to the set of actions, or tactics, that a company uses to promote its brand or product in a particular market. The marketing mix is the best business strategy of Indian Oil Corporation as it is centered around the product, price, place, promotion and nowadays also includes Packaging, Positioning, People and even Politics.
The IOCL’s business model is based on the Indian Oil Corporation (IOCL) marketing mix that helps the brand to succeed. The marketing mix of Indian Oil Corporation also analyses and explains the marketing strategy for petroleum products. There are different types of marketing strategies such as product innovation, pricing approach, promotion planning, etc.
The company’s marketing mix explains the importance of the product, pricing, advertising and distribution strategies used by the Indian Oil Corporation (IOCL). Indian Oil Corporation’s marketing strategy has so far successfully helped the company to position itself competitively in the market, and achieve its business goals and objectives effectively and efficiently. Let us start the Indian Oil Corporation’s (IOCL) Marketing Strategy & Mix to understand its product, pricing, advertising and distribution strategies.
IOCL Product Strategy
Indian Oil Corporation is one of the leading oil and gas companies not only in India but worldwide. Indian Oil Corporation is present across the hydrocarbon value chain and accounts for over half of the country’s petroleum products market. IOCL also has over 35% share in refining and 65% share in the downstream sector pipelines. Out of the total 23 Indian refineries, the company owns and operates 11 of them.
Indian Oil Corporation’s product portfolio in its marketing mix includes Indane gas, Autogas, Natural gas, petrol, diesel, jet fuel, lubricants & greases, kerosene, industrial fuels, Bitumen, petrochemicals, crude oil and some other special products. While its other businesses include refineries, pipeline transportation, distribution & marketing and Research & Development.
The company is also known for the popular brands under it, which are Indane LPG, SERVO Lubricants, Autogas LPG, XtraPremium Petrol, XtraMile Diesel and PROPEL petrochemicals. These brands have the added advantage of established customer awareness. The marketing strategy for petroleum products has made it possible for the company to become a leader in various sectors.
The IOCL pricing strategy runs on the idea of profit-making. In 2020, the profit of IOCL was estimated to be $6.1 billion. Since the Indian Oil Corporation is a government-owned company, some of the pricing decisions are made by the Central Government of India after considering the taxes and subsidies. The IOCL prices are different in different states and cities as geographical pricing mechanism is followed in its marketing mix.
The prices are commonly divided on the basis of metro cities, state capitals and National Capital Region (NCR). The prices in each product category (2021) are:
Petrol prices vary between Rs.101.84 to Rs.130.23 per liter depending on location.
Diesel prices have crossed Rs.90 per liter in most major cities.
Autogas price ranges from Rs.55 to Rs.57.
ATF price ranges from Rs.59400 to Rs.74000 per KL for domestic airlines and $602-800 per KL for international airlines.
Indane Gas’s price range is between Rs.834-944 per 14.2 Kg Cylinder.
The IOCL’s marketing mix is based on its wide geographic presence, as it holds and controls 10 refineries (Paradip, Panipat, Mathura, Haldia, Gujarat, Barauni, Bongaigaon, Guwahati, etc) across the country. Besides that, the company also controls over 10,900 km of pipeline connecting to high-demand places, 132 Km of gas pipeline and 37,000+ customer touchpoints. The company also has its subsidiaries in countries like Sri Lanka, Mauritius and UAE.
It also has 20 joint ventures with reputed firms in India and abroad; 25,000 diesel and petrol stations and also one outlet in the world highest point. IOCL also has 6000 LPG distribution stations, 6,218 bulk consumer pumps and 100 aviation fuel stations. Another interesting fact about IOCL is that it has more than 9,400 fully automated fuel stations situated in nearly 55 cities providing products and services to its customers.
Promotion is the most important part of Indian oil corporation limited as it led the company to become one of the most valued and trusted brands in India. IOCL realizes the impact of a good promotional plan, offers and periodic incentives to maintain its customer base. The promotion in IOCL includes advertising tools like hoardings, print advertisements and commercials on television in order to increase its brand visibility.
Indian Oil Corporation limited marketing also includes loyalty programs like fleet cards where customers can earn points and during festive seasons some gifts would be given to consumers through a lucky draw.
Since we have covered the 4Ps of the marketing mix, here are the other 3Ps to make it the 7Ps of the marketing mix of Indian Oil Corporation.
People
People play a vital role in the marketing mix of Indian oil marketing, as the company has around 33,000 employees that work in various business processes. The company recruits mainly through advertisements in newspapers and the company’s website. IOCL also spends a lot in training and development of its employees to develop their capabilities. The employees also hold equity of nearly 65 lakh shares in the company.
Indian Oil Workplace Experiences
Process
The company deals in many business, distribution and people processes to serve customers and corporate clients. To remain profitable in a business, the processes used to run should be working at an optimal rate. IOCL has taken every measure to improve operational efficiency, as it maximizes the LPG extracts for a refinery that uses the INDMAX technology.
Physical Evidence
Indian Oil Corporation has its physical presence because of petrol pumps and gas stations not only in India but worldwide. The Indian oil logo is a saffron circle with the blue color outer ring and a blue color band in the middle of the circle with ‘Indian Oil’ written in the Devanagari script. It also has an iconic tagline known as ‘The Energy of India’ which is a rightful representation of the Company.
With over 10 refineries and pipelines network span of over 9,300 km, IOCL is the leader in the Indian market. IOCL is the 20th largest petroleum company in the world and also has a foothold in the international markets. With an excellent marketing mix, the company’s future looks bright.
IOCL – FAQs
What is Indian Oil Corporation Limited?
Indian Oil Corporation Limited or Indian Oil is one of the largest Indian government-owned Oil and Gas Companies that cater to the fuel need of people across the world.
Where is the headquarters of Indian Oil Corporation Limited?
The headquarters of Indian Oil Corporation Ltd is New Delhi whereas its registered office is located in Mumbai, Maharashtra.
What is the distribution channel of the Indian Oil Corporation?
There are 20,575 retail outlets. IOCL has an outlet in the world’s highest point. The company also has 6000 LPG distribution stations, 6,218 bulk consumer pumps and nearly 100 aviation fuel stations.
Who is the owner of the Indian Oil Corporation?
Indian Oil Corporation is a government-owned company having its ownership under the Ministry of Petroleum and Natural Gas.
Where is Indian Oil Corporation’s biggest refinery located?
The Indian Oil Corporation’s biggest refinery is located in Jamnagar, Gujarat.
What is the salary of Indian Oil Corporation employees?
The gross salary of IOCL employees is between Rs.60,000 to Rs.1,80,000 depending on the post of the employee.
With so many educational startups like BYJU’S, Toppr, Vedantu, Unacademy, UpGrad, etc. emerging around the corner, raising millions from the students of India, few international platforms like Brainly are also paving their way to take their bite from one of the biggest youth-oriented countries.
Let’s see how this 11-year old edtech company set to surmount the world’s e-learning market.
Brainly is an education technology company based in Krakow, Poland. Brainly provides a knowledge-sharing community where millions of students, teachers as well as parents share knowledge and solve each other’s problems. It has become the world’s largest social learning network, having reported 250 million monthly users per month across the 35 countries it serves, among which 15 million users are from India itself.
Brainly, as it describes itself, is a place for students, by students. The motto of Brainly is Smarter Together. Mainly built for high school and middle school students, all types of solutions and help can be found in this application, be it about Mathematics, History, Calculus, English, Biology, Chemistry, Physics, Social Studies, Health, Business, Arts, World Languages, Law, Computers and Technology, Engineering, Medical Sciences, French, German, etc. and many more.
Moreover, Brainly makes its usage more interesting by granting points to its users when they answer questions posted by others. And it awards ranks to users based on their frequency and accuracy of solving problems. The website also provides teacher ranks to professional teachers. So peers can have a healthy competitive environment among themselves while also enjoying the website and learning together.
Brainly Introduction
Brainly – Foundation
Brainly was founded in 2009 by three friends Michal Borkowski, Lukasz Haluch, and Tomasz Kraus. Since then, it has set up its headquarters in New York City, United States, and Krakow, Poland; and expanded its venture over 35 countries, raising 38.5 million dollars from its seven investors, including Naspers which also fundedBYJU’s.
Brainly – Story of Startup Launch
Michal Borkowski | Co-founder and CEO of Brainly
The inspiration to start this multi-million dollar company came from Michal Borkowski, co-founder and CEO of Brainly. Before Brainly, Michal worked for Q&A networks and got to understand from it that subject-specific Q&As perform better than general Q&As. This later became the original inspiration behind Brainly.
Brainly was launched at the time when edtech companies were not much encouraged and it was difficult to find investors. So the three founders funded their company themselves and took the risk, and within a year, their decision got paid off as millions of students were starting to use Brainly to know more, and to know faster, in a click. And today Brainly claims to have built the world’s largest social learning network.
The Brains behind Brainly.Michal Borkowski, Lukasz Haluch and Tomasz Kraus.
Brainly – History
The company was initially named Zadane.pl. In 2011, just 2 years after the company’s birth, it created Znanija.com, the first international project dedicated to Russian language speakers. After that, the growth of this company had no turning back and raised several funds from large capital firms. The total funds raised by the company since its establishment is reported to be $68.5 million.
In 2017, Zadane.pl changed to Brainly. In January 2018, Brainly announced the ownership of the video education startup, Bask, to bring video technology to the Brainly platform.
Brainly – Business Model
After conquering the world, Brainly is now all set to expand in India by focusing on vernacular content. It has already created a 15 million userbase in India within 2 years, the same as India’s first and only edtech unicorn BYJU’s. Brainly conducted a survey for Indian students and found that its users comprise of 42% secondary and 39% higher secondary grade students.
However, Brainly has not yet monetized its services in India. According to Michal Borkowski, the CEO and co-founder, Brainly is giving priority to the growth of its reach to every potential user over profits. It has planned an efficient business model for rooting in India.
India offers a huge market to Bainly. People here are more willing to spend their salaries on their kid’s education than any other sectors. The building competition among students and the pressure to succeed put up by parents acts as a boon to Brainly’s market opportunities.
Moreover, students are dissatisfied with their schools, complaining that the schools are unable to prepare them for their careers. So here comes the need of an easy-to-go help source.
Unlike most other edtech companies established in India that provide competitive exam preparations and tedious learning programs, Brainly focuses on specific, curriculum-related problems and skill strengthening through connecting students together.
India’s Education Market
Brainly – Challenges Faced
Brainly’s current strategy is to build the student community and work on the content to ensure the best quality possible. But India also poses some challenges.
Lack of a unified syllabus in India also puts the company in trouble. So it does not follow a specific curriculum so that it can have a wider userbase of all school subjects.
Seeking the vernacular language is also a tough and elaborate job. India, having 22 official languages and thousands of regional ones, Brainly has to launch in languages other than English and Hindi in order to attract all types of students.
Brainly’s multifaceted community of experts encloses students who help answer other students’ questions, be it a complex calculus question, or a conceptual question about a reading based assignment, or any inquiry regarding studying strategy for any career-related goals. So it assures verified and reliable solutions and to its users and builds a sense of trust for itself.
As Brainly puts its concept in a line, “No one knows everything, but everyone knows something. With Brainly, students combine their strengths and talents to tackle problems together.”
With such great perspective and an efficient and dedicated team constantly working to refine its business model and open to new ideas; the day does not seem to be far away when Brainly will become every Indian student’s goto app.
FAQs
Is Brainly a free app?
You can always access most of the content and features available on Brainly for free. But if you wish to access all of the answers on Brainly, including Verified Answers with 100% uninterrupted access, you can purchase a Brainly Plus subscription!
When was Brainly founded?
Brainly was founded in September 2009 in Poland by founders – Michal Borkowski, Lukasz Haluch and Tomasz Kraus.
Do you get paid on Brainly?
Brainly doesn’t give you money. It works like Quora, where you answer questions to get points, and then use those points to ask questions and clear your doubts.
Is Brainly Indian?
No. Brainly is a Polish EdTech, headquartered at New York. It is available to use in India though.
Today Singapore is emerging to be the new home to a technology-based startup ecosystem in Asia, with an ever-growing number of companies, and is on the verge of becoming the next Silicon Valley. With an immense growth of $21 billion value, Singapore has made deliberative efforts in recent years for the development of its startup ecosystem. However, it is the baseline for the startups, enterprises, and multi-national companies, for them to manage their operations in the region and beyond. In 2020, there was an increase of the top ecosystems by 30%, while it was 20% in 2012.
The primary reasons are that the companies are gratified with their business response, along with the pro-trading policies and effectual fiscal regime. Therefore, Singapore has been listed as the world’s top ecosystem. Also, the Singapore government seems to play a greater role in developing a growth plan for young startups. With good financial assistance, the government has administered startup expansion strategies with the introduction of new innovative schemes for businesses more often.
The big boost is that the Singapore government has extended the capital gains exemption for startups until they are more stable. The startup’s first $73,000 in income will be released by 75%. In 2018 they raised tax deductions for IP registration fees from 100% to 200% and qualifying costs acquired on R&D from 150% to 250%.
There is a program, called Enterprise Singapore’s Startup SG, which provides professional mentoring to young startups, along with equity financing, business loans as well as non-repayable funds as per protocols.
Perhaps it is a win-win situation for Singapore’s ecosystem to emerge. However, The FinTech Festival was introduced to celebrate the biggest fintech success story (for innovation and knowledge). It is this platform that facilitates strong team cohesion between government, corporations, and startups.
Although we have already discussed some of the top startups from different countries, and quite apparently we take a move ahead at the complete list of Singapore’s unicorn startups.
Attune Technologies is the global leader in regards to the healthcare ecosystem and has pioneered cloud-based products. The platform offers next-generation Healthcare IT products to generate profits for its customers. And so far, they have reached more than 15 countries in the Indian Subcontinent, South East Asia, Middle East, and Africa.
Fund Raised:
With a raise of $16 million over 3 rounds and funded by 2 investors- Norwest Venture Partners and Qualcomm Ventures, Attune Technologies results in integrating hospitals, pharmacies, labs, radiology, blood banks, medical devices, accounting, and insurance companies, for growth in revenues and operational efficiency.
Recently, there have been two powerful apps launch, to minimize the existing communication gap and collaboration in the healthcare area.
V-Key is Singapore’s most reliable software security service that helps in mobile identity and verification, user access, payment protection, and data protection. Recently they have come up with a more secured version of cryptographic software called V-OS which is internationally patented as well.
V-OS is basically designed for cloud-based payments for mobile banking, and is the first virtual secure element of the world, and allows businesses to create delightful customer experiences. Major Banks, payment gateways, government agencies, and enterprises are the constant supporters.
Fund Raised:
The fund raised is $16M over 2 rounds and is funded by two investors: IPV Capital and Ant Group. They have also won a series of awards- the National Infocomm Awards as the 2nd Runner Up for Most Innovative Product/Solution in 2016, the Association of Information Security Professionals (AiSP) Cybersecurity Awards 2019– SME (Vendor) and GATES GOLD Special Award for Innovative Solutions for Vendor in 2019.
More importantly, their products have been esteemed by proficiency testing and inter-laboratory comparisons across the world. More than 9 security penetration test was augmented, but V-OS cybersecurity never failed to exploitable vulnerabilities and has never been disintegrated, and its strength is unquestionable— which marked its territory in the truest sense.
Insider is perhaps the first Integrated Growth Management Platform (GMP) that enables digital marketers to drive growth from acquisition to activation, retention, and revenue.
Many marketers can easily automate their stories to target the right customers with Insider’s AI-powered recommendation engine. With these predictive visitor segments, marketers can easily optimize their personalized brand stories across the right ad channels and devices.
Fund Raised:
Well, the global spread of Insider offices is on a competitive edge and is not an easy feat. In 6 rounds, Insider has raised a total of $46.1 million in funding by 9 investors.
Hande Cilinger is the founder and CEO and is ranked as one of the top three women CEOs outside the US and clients like Singapore Airlines, Estee Lauder, and L’Oreal.
Ninja Van
Yearfounded: 2014
Ninja Van is a tech-based logistics provider that is growing leaps and bounds across south-east Asia. With untroubled delivery services for businesses, Ninja Van is a blessing to its clients to deliver more than a million packages daily to customers in six countries – Singapore, Malaysia, Philippines, Indonesia, Thailand, and Vietnam. Alibaba’s Lazada, Shopee, and Indonesia’s Tokopedia are some of their e-commerce partners.
Fund Raised:
To date in over 5 rounds, Ninja Van has raised more than $400 million and is funded by 12 investors. By April 2020, their latest round gave them $279 million of funding. Probably the startup is on the verge of gaining unicorn status. They might also plan another round of funding before an IPO or sale.
As because coronavirus has knocked on, online shopping for contactless buying was the new normal which indirectly help these platforms to gain unicorn status. Ninja Van is one such platform.
Number of Startups per city in Switzerland
Funding Societies
Yearfounded: 2015
Funding Societies is a Small and Medium Enterprises (SME) digital financing platform that connects with investors, making reliable SMEs likely to make more and connects those with retail and institutional lenders to solve the financial inclusion issue.
They are the first peer-to-peer platform to engage an escrow agency to keep investor’s funds safe and independent. It received operating licenses from Singapore, Malaysia, and Indonesia.
They have won a series of awards like the Global Excellence Award from ITU telecom. Needless to say that ‘Funding Societies’ has reached unicorn status. In 5 years, Funding societies had financed over 3.3 million business loans with more than $1.8 billion in funding.
Fund Raised:
They raised a total of $112.5 million over 7rounds and were funded by 10 investors and in December 2020, they received investment capital from Samsung Venture Investment Corporation. However, the amount is not disclosed. With this investment, prospective partnerships and collaborations were introduced.
To expand its technology team across the region and develop its strategic and new business models in its next stage of evolution, pushing its vision of financial inclusion for SMEs in Southeast Asia, is the aim of Funding Societies.
Doctor Anywhere
Yearfounded: 2016
Doctor Anywhere is an online 24/7 healthcare platform that gives quick access to its users. With a strong network of skilled doctors, they reach out to any location for wellness and health solutions via video call and users can get medication delivered to their house within hours.
Based on personalized preferences, ‘Doctor Anywhere’ modifies the traditional medical system in all aspects, making healthcare more efficient and more convenient. Now as coronavirus started to spread, Doctor Anywhere gained more popularity with more than 1,300 general practitioners and health care specialists in Thailand, Vietnam, and Singapore registered on the platform.
Fund Raised:
Doctor Anywhere raised a total of $31.3 million in 2 rounds, and 5 investors have funded the business plan. And in the latest round in March 2020, they raised $27 million from a group of investors, including Malaysian hospital operator IHH Healthcare. Also, an online mental health video consultation service was launched in October 2020.
AIDA that focuses on delivering Artificial Intelligence (AI) for the insurance and banking branch is perhaps the best-known marketing strategy, for it has stood the test of time. In the most general sense, it is a popular developer of machine learning solutions for risky compliance analytics. Driven by an eagerness for success and effective solutions, the award winner offers a set of smart AI solutions for companies across all organizational levels.
The awards won are the FinTech Innovation Award 2017, Global FinTech and Hackcelerator Award 2016, and AI & Machine Learning solutions Award.
Fund Raised:
In 2019 AIDA raised 1 round and is funded by 3 investors. However the investment will be put into market penetration and North Asia’s expansion, focusing on Hong Kong and Japan. AIDA therefore can be called the new wave tech startup with global potential and its counterparts.
Horangi
Yearfounded: 2016
Horangi is a SaaS cybersecurity platform that provides solutions to industry leaders for a secure organization. Safer cyberspace and technology-designed software that solves challenging cybersecurity problems are what Horangi is all about.
Fund Raised:
Horangi raised US$23 million in Series B round and with the funding Horangi concentrates on the cloud security product to strengthen Cyber Security in Southeast Asia. Gojek, Ninja Van, Shopback, and Property Guru are the investors of Horangi. Other Investors include Monk’s Hill Ventures, Right Click Capital, and Genetic Alternative Ventures.
Skuad is a digital platform that helps companies effortlessly build, pay, and manage globally virtual teams, without setting up local offices. With Skuad, there is no worry to hire talent from anywhere in the world as it has control over global payroll, taxation, and local compliance.
Fund Raised:
In December 2020, Skuad is estimated to have raised $4 million over 1 round, along with 4 investors. Hence the startup is becoming a mere necessity for remote employment infrastructure to scale its growing team in various geographies. And with this, they aim to become the next standardized economic hub for remote working.
Volofin
Yearfounded: 2020
Powered by Blockchain Technology, VoloFin is Singapore’s next-generation fintech platform offering accounts receivable financing for Small and Medium Enterprises (SMEs) in Singapore, India, and the USA. It is also the first company to leverage digital ledger, however making a bridge for SME lending while delivering value to equity owners. As a result, SME’s get immediate price indications and capital expansion.
VoloFin is user-friendly and it allows a quick and easy onboarding journey. The best part is that companies can profit their business without bothering about the risk involved, as the whole trade cycle is on the blockchain, however making it watertight and transparent for all stakeholders.
Along with AI capabilities, VoloFin also has a team of reliable professionals to support its clients. More than 200 customers are associated with this highly advanced technology, including Gojek, Shop Back, Ninja Van, Property Guru, and Marine Insurance Singapore. There are a total of 5 offices around the globe.
Fund Raised:
VoloFin is invested by 9 investors with a total raise of $23.1 million. And in March 2020, VoloFin had a good hit with a raise of $20 in the latest round.
FAQs
How many startups are there in Switzerland?
According to a report by IFJ, a total of 33,617 new companies were founded in the first three quarters of 2020 in Switzerland.
Which country has the most startups?
The United States has the most number of Startups as of 2020.
Is Switzerland a good place to start a business?
Switzerland is a great starting point for businesses that want to enter the European market. As it has a strategic location.
Conclusion
Overall it may be said that Singapore is predominantly quick-witted for its economic dynamism. And so far, it is counted among the world’s top ecosystems with the 17th rank, and it’s still been trying to prove its resilience to the world. Even after the worst economic decline, caused by the pandemic, Singapore has made a progressive recovery.
In 2021, Singapore’s GDP grew by 4-6%, sticking to the records of November 2020. Hence it is rated as the second-best country with an international launch and is listed in ‘The World Bank’s Ease of Doing Business Ranking’, because of its stable currency and unlimited trade and capital contributions-inflows and outflows.
Entrepreneurs are constantly striving to develop and push themselves to be better in their lives and their businesses. While dealing with so many people, activities, and achievements, one may wonder if they deserve the things they get.
It makes one think that they are been overvalued and they don’t deserve the things for which they would’ve actually struggled. Such a psychological situation that is strongly rooted in a fear of failure or appreciation is known as impostor syndrome.
People who face the problem of impostor syndrome feels that they are frauds and lives in the fear that one day people will know that they don’t know anything or they are not worth the respect they get.
Entrepreneurs are one of the largest group of people who faces this situation. This is not about how successful you are. In fact, many entrepreneurs who are so successful and are appreciated in their lives are the ones who are likely to have impostor syndrome.
The first thing that one needs to understand when they try to deal with this psychological phenomenon is that it is very common and it is okay to feel the way they are feeling. Various studies show that more than 70% of people in the world feel that they are imposters at one time in their life or the other. It is important to acknowledge and discuss this issue without letting it affect your business.
The first step that one should take towards identifying impostor syndrome is by looking out for signs that your mind and body gives every time you doubt yourself.
Think honestly about what you believe you are and understand why you are feeling what you are feeling contrary to the general belief that you have about yourself.
After answering that question understand that if you are having self-doubts it is only because you are pushing yourself to greater heights.
In this process, it is important, to be honest with yourself especially in terms of the things that you know and you don’t know. Look out for the thoughts that you get when you feel down.
Identify it and tap them down when you get those thoughts again.
Positive Affirmations
Avoid grammatically negative words from your speech. Whenever you are about to do something different or something that you are afraid of believe that you are qualified enough to do that.
Chanting positive affirmations is easier said than done. From having self doubts to talking positively about yourself there is a bridge that might be hard to cross.
Here you should step in with your conscious mind and every time you feel that the impostor syndrome is trickling in, tap yourself down, understand that what you are feeling is not in fact you but caused due to an unfavourable situation you are in.
After acknowledging this feeling, say positive sentences about yourself, your experiences and your achievements.
Remind yourself
Another thing that you can do is that keep a note of good things that you have done and the appreciation is that people have given to you.
Even if you cannot remember these when you are feeling low, you can always look up to these notes to improve your self-esteem.
It will help you realize your worth and continue the works that you have been doing.
Business is indeed a world full of competition and as an entrepreneur, you are more likely to compare your success with that of others. This can trigger or aggravate impostor syndrome.
You need to understand here that the timeline of a person or a business can never be compared with that of others. Just because a person became a millionaire at the age of 23 does not mean that you cannot be one at the age of 30.
What you have to deliberately do is to stop thinking about others and putting yourself down by the act of comparison. Instead, you should divert that energy to focus on your business.
As mentioned earlier comparison can also lead to another dangerous trap where are you celebrating your victories and achievements. This might even lead you to believe in unrealistic expectations and toil towards it only to fail later since they were impractical.
This variation within impostor syndrome can be adjusted and mitigated by celebrating small achievements that you gain as an entrepreneur.
It might not be directly related to the business but can even be related to your own personality.
Never stop celebrating yourself. It will help you accept and acknowledge that although you are not perfect you can always be better than yesterday.
Seek help
This is one of the most important and the least sought method. Impostor syndrome is very common and it needs to be addressed seriously.
Ignoring it as negative whims of the human mind or trying to bury it by invalidating your feelings can only aggravate the situation to an extent where it will start fully affecting your company. Hence, it is extremely important to seek professional help the moment you feel the need to do that.
Also, stay connected with your close friends and mentors who you are sure will be cheerleaders for you when you need them. But the most important thing is that never hesitate from taking professional help.
Conclusion
Impostor syndrome might feel like a silly thing event to the person who is experiencing it.
Although it can be controlled and can be controlled very easily, it is also extremely important to acknowledge and face it.
Unfortunately what most of the entrepreneurs do in such a situation is simply bury down their feelings into the back of their mind or plunge into the lies that our mind creates.
It will only lead to repression which will later culminate in a very bad explosion of all your emotions.
So realize that impostor syndrome is real and it was okay to face that. Embracing your uniqueness, positive affirmations and taking professional help will significantly help you stay away from this menace.
FAQ
Who suffers from imposter syndrome?
As per the Research 70% of people may suffer from imposter syndrome.
How to get rid of imposter syndrome?
Separate feelings from fact, Accentuate the positive, Develop a healthy response to failure and mistake making, and Visualize success are some of the things you can do to .
What causes imposter syndrome?
Imposter syndrome is likely the result of including personality traits and family background.
The 2021 Tokyo Olympics is on the go right now enthralling the viewers with the mind-boggling talents of the participants. Unlike the earlier times, host cities have started to make profits during the event. The onset of this trend can be traced back to the 1984 Olympics held in Los Angeles. Until then the host cities had to incur large losses.
With the help of various corporate’s, they introduced new changes wherein they sold television rights and advertised the products of various corporate’s throughout the games. Hence, the 1984 Olympics was a huge financial success where they shared their costs between the sponsors which not only mitigated loss but also generated profits of more than $200 million. However one cannot forget the marketing strategy of McDonald’s which backfired in an unprecedented manner.
The time when Olympics was hosted by Los Angeles was when there was severe hostility between the US and the Soviet Union regarding Afghanistan. The US had boycotted the 1980 Olympics that was held in Moscow due to Soviet Union’s incessant warfare in Afghanistan.
In the Olympics, before that, the US had won the third position while the first and second position was backed by the Soviet Union and East Germany respectively.
Since the US boycotted the 1980 Olympics and things weren’t still great between the USA and the Soviet Union, the latter decided to boycott the 1984 Olympics. So did East Germany.
McDonald’s marketers did not factor in this new change before they announced their campaign where they gave Free Meal for every medal that the US wins. Every time one purchase something from McDonald’s, they will get a scratch card on which the name of an Olympic event will be written.
If the US representative wins a medal in that event the customer is entitled to a free meal. If the US wins gold, they will get a free big Mac, if silver then French fries and a bronze mean they get a soft drink.
The campaign was popularised with the tagline “When US Wins, You Win”. The campaign not only became a hit but also invited large investments into the event. However, their practical materialisation of the campaign was not so favourable as far as McDonald’s were concerned.
Many outlets (more than 6000) across the US went out of big Macs. People crowded the stores to avail themselves of their coupons only to get more coupons every time they buy something.
As far as the US medal tally is concerned there was a whopping increase in the number of medals from 94 to 174. In 1976 US had won 34 gold medals and in 1984, it reached 83 in 1984.
McDonald’s have not yet issued a report regarding the extent of loss it had incurred with its floor plan. However various reports suggest that the amount has run into millions.
Interestingly, there have been instances where citizens later revealed that they survived on McDonald’s meals during those times when they were left destitute due to poverty.
It was a blessing for people like this where every purchase led to another scratch card wherein a medal for the US was almost assured. Sometimes customers used to get scratch cards of events that were already over and won by the country which led to the immediate availing of the respective coupon.
Although such an initiative has been a big blessing for many poor families, it was a huge miss-step from the side of McDonald’s.
Conclusion
As Olympic fever is getting high across the world, many eyes are on this fast-food chain that is known for its sports sponsorships and advertisements. While the campaigns of McDonald’s have been successful in reeling in profits for the hosts during the 1984 Olympics, the loss that it had to incur was distressing.
It is a clear example of a monetary loss that resulted due to insufficient analysis of the market conditions and social realities.
FAQ
Which country boycotted the 1984 Olympics?
The Soviet Union and East Germany boycotted the 1984 Olympics.
How many medals did the United States win in the 1984 Olympics?
United States won 83 Gold, 61 Silver and 30 Bronze medals.
Making a beautiful and inviting landing page can be a difficult task especially if you’re doing it from scratch. Traditionally, making a landing page for a business required coding and designing skills but that’s not the case anymore.
The emergence of services that offer a complete platform for hosting, designing, and publishing a webpage has been making lives easier. These landing pages help gather customer feedback, generate leads, and in the delivery of digital products.
Leadpages is an easy-to-use landing page builder that helps businesses create optimized landing pages without any code. It is an online marketing platform that is capable of creating landing pages, pop-ups, and site alerts. Leadpages make it possible for everyone to create and publish a landing page that converts without having to deal with the technical aspects of it.
Having a fast, optimized landing page is sure to benefit any marketing campaign and business of all kinds. Leadpages acts a doorway for small businesses to grow and expand through e-commerce.
Continuing to be one of the fastest landing page builders out there, Leadpages offers its users functionality. It’s equipped with features to create landing pages, pop-ups or alerts fast and without having to deal with the hassle of code.
Having a template gallery of 140+ templates, making a landing page is as easy and choosing a template, editing it, and publishing. The drag-and-drop editor saves time and makes it easy for anyone to create a landing page.
Here’s a list of the core features supported:
Default Optimization
When you create a landing page with Leadpages, the platform automatically does the optimization for you. This makes sure that you have a fully mobile responsive and SEO optimized page for your business.
Users don’t need to depend on any integrations or pay extra to get their pages ranked as Leadpages does it for all available plans.
Often landing pages are connected to other services such as mailing lists, advertising platforms, and analytic platforms through integrations. SEO tools are built-in to allow users to customize and tweak how the website looks in search results.
Leadpages provides its own hosting so you don’t have to. It uses Google Cloud for its hosting, ensuring the best speeds possible no matter how complex the page is. Google Cloud is used by popular websites and platforms for their effortless storage integrations and security reasons.
The landing pages created by Leadpages are secure and DDoS protected. This means great uptime for your pages and more reliability. Users also have the option to use a custom domain if they wish to.
If you’re running a successful online marketing campaign and plan on using Leadpages for making new landing pages, rest assured that the traffic will be handled and the website will stay fast no matter the amount of traffic you receive.
Unlimited Leads and Publishing
Leadpages allows users to create an unlimited number of landing pages for all their plans. There is absolutely no cap on the number of pages you can create or the traffic you receive.
The price you choose to pay is fixed even if you scale up your business and start gaining more traffic. Users can utilize this to their advantage by setting up multiple landing pages with variations to generate more leads faster. The same applies to pop-ups and site alerts.
Content Delivery System
The content delivery system makes it convenient for users to serve their digital products on landing pages. Newsletters, pdfs, and downloadable resources can be easily set up with the platform’s dedicated content delivery system.
The fact that it requires no effort to set up user downloads on your website is quite amazing. Traditionally it requires some backend coding and some form of a database set up to host files and serve them. Leadpages save users time and allows for more interaction between businesses and their web traffic via the use of digital goodies.
Leadboxes are a quick and easy way to create pop-box boxes for your business. The process for creating one is the same as for a landing page except with a few extra options such as triggers and positioning. These are a great way for getting more engagements. Creating an attractive and interesting pop-up with the editor is much easier than you might expect it. Leadboxes is a cool way to market your subscription-based services, newsletters and dynamic data with your users.
Leadboxes lets you create pop-ups for any action you would like to add
Leadlinks is a link generator that helps your email marketing. It can be integrated with any popular email marketing tool and CMR to create links to specific pages or perform certain actions.
Think of those big buttons that appear in emails along with some additional links. Leadlinks can help you create similar links to subscribe to newsletters and updates directly from an email without any signing up.
The links are customizable and easy to integrate with mail tools. Users can also collect stats such as clicks, traffic location and dynamic data.
Leadlinks generator
Leaddigits
Leaddigits in an intuitive way to expand your marketing into traditional ways. It allows customers to opt-in for receiving newsletters and offers as text messages. These are rarely used now that the internet is mainstream, but it’s still a nice feature to have. It can also be a way of reminding users for various reasons such as offers, pending carts, and important updates regarding your business.
Leaddigits editor lets you configure custom messages
Leadpages keeps its pricing simple by having just three plans to choose from. The standard plan will cost you $37/month with access to all of the platform’s core features and a free domain name. The only limitations being the amount of times you can AB test and the option to use the built-in payment system.
Upgrading to the Pro plan at $79/month grants you 3 free domain names and all of the platform’s rich features. All the plans are eligible for customer support services and have the freedom to create unlimited landing pages.
The Advanced plan will cost you around $321/month that grants you up to 50 sites.
The plans are priced in a way that’s affordable for small businesses and startups alike which require a landing page to gain more traffic and generate leads.
In the case where you might need additional accounts and domains, Leadpages offers custom plans that depend on your needs so that you always have the freedom to upscale without having to worry.
Popular CMS editors like Elementor provide similar features but the process to get started is much more complex. Moreover, it is better to have a clean and separate platform for all your landing pages. It offers a great price, useful features, and a simplistic UI for everyone.
The best part is that no code is required for all the actions and integrations that you can set up using the platform. Leadpages is a great choice to consider if you wish to up your marketing and bring in new customers.
FAQ
What is Leadpages?
Leadpages is an easy-to-use landing page builder that helps businesses create optimized landing pages without any code.
What are the features of Leadpages?
Fast page load speed, Image library, Lead backup/CSV download, Mobile responsive pages, and Online sales & payments are some of the features of Leadpages.
What is the Pricing of Leadpages?
Leadpages has three plans to choose from. The standard plan will cost you $37/month and the Pro plan will cost you $79/month and the Advanced plan will cost you around $321/month.
In an era of “NETFLIX and CHILL“, movies, web series, shows, and documentaries have enthralled audiences on a large spectrum. Since a long time, greatbusiness documentaries with commercial potential have shredded their popularity but Netflix has brought the thrill in them.
Binge-watching your favourite shows can be a good way to take the burden off your shoulders from a long-hectic day. There is a never-ending list of documentaries if you are an entrepreneur but there is something you should know about ‘must-watch’ documentaries about business and learn from them.
The immediate effect of COVID-19 is ubiquitous on businesses and entrepreneurs. Though businesses have shut down its emotional toll on our mental health can be far worse than the physical pain.
Often said in a pep talk- ‘get out of your shell and explore the world’ because that’s what brings up the zeal. Some go out and learn but help yourself to inspire yourself on a couch and a bowl of popcorn or a pen and notepad in front of the TV.
Here’s a list of top 10 must-watch documentary films:
About Entrepreneur Documentaries or Business Documentaries
The entrepreneur is a hub of an innovator, a source of new ideas, goods, services, and business/or procedures. The one with the vision starts a business and takes risk & loss at every obstacle in order to make money. There are 4 types of entrepreneurial organizations: small business, scalable startups, large companies, social entrepreneurs.
Sometimes learning from others’ experiences and lessons one can tackle all of the common hurdles smartly. So, do the entrepreneur documentaries brings the visionaries from great entrepreneurs who now have turned out to be business leaders like Bill Gates, Steve Jobs, Walt Disney, Andrew Carnegie, Henry Ford, Oprah Winfrey, Larry Page.
Many online platforms like Netflix and YouTube brings countless good business documentaries on startups and entrepreneurship business documentaries. It’s important that you watch selected documentaries rich with quality and motivation because that not only expands your horizons but also commits you to the whole learning and evolving process in your field. Documentaries on global business leaders not only teaches you the pecs of entrepreneurship but also gives you ideas to hit a good conversation.
The qualities that a startup documentary or a show should have :
With a lot of genres in entrepreneurship documentaries, if you are here for to must watch business documentaries on how to enrich your business, build your pecs, or broaden-up your entrepreneurial knowledge, then
Something Ventured (2011)
Director of Something Ventured: Daniel Geller (co-director), Dayna Goldfine (co-director).
This documentary about successful entrepreneurs builds a storyline on individuals who built a finance industry with the advanced modern technology in the past 50 years with companies like Intel, Apple, Gentech, and many more.
Why Entrepreneurs should watch Something Ventured: It gives short and fun history learnings on the California companies and focus on venture capitalists around the Bay Area and silicon valleys.
Generation Startups (2016)
Directors: Cheryl Miller Houser, Cynthia Wade.
Generation Startup takes the United States to the front lines of entrepreneurship in America, capturing the struggles and triumphs of six recent school graduates who place everything on the road to make startups in Detroit. Shot over a year, it associates honest, in-the-trenches investigate what it takes to launch a startup.
Why Entrepreneurs should watch Generation Startups: The movie helps us Learn to fail and redefine success.
Jiro Dreams of Sushi (2011)
Director: David Gelb.
A documentary about business success on 85-year-old dish master Jiro Ono, his noted Japanese capital eating place, and his relationship along with his son and ultimate heir, Yoshikazu. He puts perfection before approaching to success.
Why Entrepreneurs should watch Jiro Dreams Of Sushi: The movie is fascinating and sacred, this portrait of a man in pursuit of perfection maybe a demeaning and life-changing experience, the value of being a perfectionist.
Elon Musk : The Real Life Iron Man (2018)
Director: Sonia Anderson.
This goes on discovering the rise of Elon Musk, one who is reworking the means we expect concerning travel technology through electrical cars, the Hyperloop, and revolutionary concepts on how to endure computing and colonizing Mars.
Why Entrepreneurs should watchElon Musk : The Real Life Iron Man: The movie teaches persistence, doing things differently during a higher means, business school about entrepreneurship are not taught in school.
A documentary about successful entrepreneurs that talks about Bill Gates‘ life as he pursues solutions and plans to a number of the world’s most advanced issues. Gates’ making an attempt to seek out to answer the insipid, off point, immature queries and “unbroken questioning”.
Why Entrepreneurs should watch Inside Bill’s Brain: Decoding Bill Gates: 3 part mini segments are excruciating and delve into Bill Gates strategy.
CAPITAL C is the 1st documentary concerning crowdfunding. The documentary CAPITAL C covers adventures of crowdfunding. Each character has a great success in crowdfunding. The documentary paints a picture of small industries’ journey to achieving success in the crowdfunding campaign.
Why Entrepreneurs should watch Capital C: It conveys so well the eagerness, passion, energy and responsibility which is created when developers of products work directly for consumers of products.
The Startup Kids is a documentary concerning young net entrepreneurs within the U.S. and Europe. It contains interviews with founders of Vimeo, Dropbox, Soundcloud associated additionals and mention how they started their company and their lives as a bourgeois. in conjunction with those individuals from the technical school scene speaks concerning the startup surroundings together with the plunger Tim Draper and MG Siegler, technical school blogger at Techcrunch.
Why Entrepreneurs should watch The Startup Kids: It’s one of the thrilling version of jumping off a cliff and having to build your own parachute. Staying on the edge of your comfort zone, and everything you’re doing is basically something you’re just barely qualified for or not qualified for.
American Factory (2019)
Directors: Steven Bognar, Julia Reichert.
In this documentary, hopes soar once a Chinese company reopens a shuttered factory in Ohio. However, a culture clash threatens to shatter the American dream. The documentary American Factory shows the shifting ground of globalization, and the instability it brings to workers’ life. Workers attempt to find stability in this situation.
Why Entrepreneurs should watch American Factory: Thoughtful and troubling look at the dynamic between workers and employers in the 21st-century globalized economy. Brings hope and fervour.
Startupland: A Documentary Film (2015)
Startupland: A Documentary Film
Director: Justin Gutewin.
Five startup CEO’s have twelve weeks during a tech accelerator to build their ideas into promising corporates before they present to a room full of investors. How Three guys risked everything and turned a bright idea into a world-class business.
Why Entrepreneurs should watch Startupland: A Documentary Film: Since startup units are everywhere, teaches how to take risks and turning a plan into a global business.
CodeGirl (2015)
Director: Lesley Chilcott.
Documentary concerning high school girls from around the world who attempt to higher their community through collaboration and technology. The documentary focuses on a coding competition. Female high school students learn to make business plan and write code. The teams identify a global problem and solve it by creating a mobile phone application. Messages included in Code Girl are overcoming the stereotypes, working hard to make a positive difference in the world.
Why Entrepreneurs should watch CodeGirl: Brings on the diversity in all facets of technology among teens, parents and teachers and throws light on a specific project.
This startup documentary is based on Warren Edward Buffet who is an American businessman, investor, philanthropist and the CEO of Berkshire Hathaway. The documentary follows the business magnate on his journey from being a numbers-obsessed boy from Nebraska to being one of the richest and most respected men in the world. The documentary shows us how the billionaire still lives in a modest home in Omaha and drives himself to his office to manage Berkshire Hathaway
Why Entrepreneurs should watch Becoming Warren Buffet: entrepreneurs can extract important life lessons from the humble billionaire, his family and his peers.
Steve Jobs: One Last Thing (2011)
Director: Mimi O’Connor and Sarah Fanthorpe
Steve Jobs: One Last Thing is one of the best documentaries on entrepreneurs, as it based on none other than Steve Jobs, the Cofounder and former CEO of Apple. The documentary follows his journey of Steve Jobs, his talents, style, influences and imagination that led to changing all of our lives. The documentary is unique as its draws from his interviews with people and gives us a peak into his complex life. While Steve Jobs friends, fans, colleagues and rivals reflects upon his talents and achievements.
Why Entrepreneurs should watch Steve Jobs: One Last Thing: the documentary shows how some people and their inventions can change our everyday world of work, leisure and the way we communicate.
The Director: An Evolution in Three Acts (2013)
Director: Christina A. Voros
The Director: An Evolution in Three Acts is best documentaries for entrepreneurs for want to venture into the fashion Industry. This documentary is from the point of view of a filmmaker who examines the work of the Italian fashion designer Frida Giannini, who is the creative director for Gucci. It showcases how the fashion designer made her decision to return to the famous brand’s iconic past to reimagine its path into the brand’s future.
Why Entrepreneurs should watch The Director: An Evolution in Three Acts: It shows behind the scenes of world-renowned fashion house Gucci and how big luxury fashion brands work from coming up with a concept to runway and finally into people closets.
Some entrepreneur documentaries like Print the Legend are rare as it focuses on the evolution of a particular industry. Print the legend is award winning startup documentary that focuses on the 3D Printing Industry and startups like MakerBot and Formlabs and major printing companies such as Stratasys, PrintForm and 3D Systems. The documentary is shot wholly on Canon EOS C300 and Canon EOS C100.
Why Entrepreneurs should watch Print The Legend: the documentary explores the innovative thinking behind 3D printing and how companies are trying to bring 3D printing into your desktop and life.
Enroe is a documentaries on entrepreneurs and the mirror to the modern corporate corruption especially in America. The documentary explores the fall of the Enron Corporation, and how the executives of the company resort to several illegal schemes in order to make money at any cost and keep their high-paying jobs. Enroe is a critically acclaimed documentary whichbased upon the best-selling 2003 book of the same name.
Why Entrepreneurs should watch Enroe: The smartest Guys in the Room: Very few documentaries on entrepreneurs, teach you a lesson that no matter how many bad days a business man or an entrepreneur has, he/she must always have integrity and be honest.
Enjoy Watching them because at the end when the timing is right, years of trying and never giving up, will make you look like an overnight success.
FAQ
What are the 10 pecs of an entrepreneur?
Opportunity-seeking and initiative.
Persistence.
Commitment.
Demand for efficiency and quality.
Taking calculated risks.
Goal setting.
Information seeking.
Systematic planning and monitoring.
Persuasion and networking.
Independence and self-confidence.
What is entrepreneurial competency?
Entrepreneurial competencies can be defined as underlying characteristics such as generic and specific knowledge, motives, traits, self-images, social roles, and skills which result in venture birth, survival, and/or growth (Bird, 1995).
Businesses are guided by business coaches, who help owners clarify their vision and determine how it aligns with personal goals. As a result of business coaching, the business owner can take their business from where it is now to where they want it to be in the future.
Coaching and mentoring are often confused because both roles rely on the years of experience of their respective practitioners. Most importantly, a mentor focuses on advice, while a coach assists the business owner in setting goals and holding them accountable so that they achieve their objectives.
After introducing business coaching, 96 percent of organizations reported individual performance improvements, according to a study by management consultants Korn Ferry International More than 92 percent of respondents said their leadership and management abilities had improved.
Owner Accountability is created by Business Coaches
Holding yourself accountable is a key component of business coaching. However, a consultant and a business coach are not the same things. A business coach is different from a consultant in that they are not paid for their services. However, they won’t do any of the work for you in your company.
They are there to keep you focused on the end goal and to remind you of why it is important to achieve it. To keep your commitments, they will encourage you. If needed, they’ll act as a sounding board for ideas and point out your business and personal blind spots.
Business Coaches help you identify your blind spots
Good business coaches can help you identify your blind spots and help you overcome them. It’s easy for entrepreneurs to get bogged down in the minutiae of their business and lose sight of the big picture.
A business coach makes several insightful observations about the brand and operations that you might have never considered before. For finding a business coach, it is recommended to use your network.
Plans that can be put into action are created by Business Coaches
Active business owners want to know what their motivations are for setting and achieving business growth goals. A company’s owners are ultimately responsible for the speed and passion with which a goal is achieved (if ever).
No burning reason exists for achieving a business goal if it is not tied to the business owner’s dreams, goals, and plans for himself or herself.
An owner’s vision of where they want to take their business is clarified, and coaching helps them plan and prioritize goals and strategies that will help them get closer to their desired outcome.
Coaches assist owners in determining their goals and creating a road map to reach them, according to the company. Owners can benefit from their perspective on the business by identifying which items are merely tasks and which are long-term objectives.
If you’re not sure where you’re going in business, a business coach can be your compass. The results you get from even small changes in your direction over time can be dramatic. When running a business, it’s easy to get caught up in the day-to-day.
To ensure that you are on the right track, a business coach acts as an objective third party who regularly checks in.
Business Coaches help you obtain Venture Capital funding for your Business
When it comes to this type of financing, a business coach can help you identify your company’s growth potential and develop your skills. You can also talk to a business coach about alternative sources of funding, such as grants or crowdfunds.
Business Coaches help you scale your Business
As an example, a business coach could help you choose the right business structure, write a business plan, or start a home-based enterprise.
You may become overwhelmed as your business grows. While you may be aware that there are many systems that you’d like to streamline or improve, you’re not sure where to begin the process.
As a result of their unbiased viewpoint, a business coach can help you devise procedures to increase productivity and reduce stress.
Business Coaches help you fill in the knowledge gaps
The fact that you don’t know what you don’t know is often the biggest roadblock to success. No amount of Googling will help solve a problem that you aren’t sure how to express or anticipate. Many of my successes can be directly attributed to what you’ve learned from business coaches over the years.
Investing in oneself should be always your priority. Business coaches are excellent accountability partners who can help you learn, grow, and evolve as a person.
Business Coaches assist you in overcoming obstacles and achieving your goals
Self-investment is one of the best investments that you can ever make. Having a business coach is an invaluable asset if you are struggling in your career, want to increase sales, or want to improve your business relationships.
When you have a coach or mentor, they can help you navigate through challenges and achieve your personal goals. Through a mentor who has achieved what I hope to in the future, and by avoiding his mistakes in his professional life, you can accelerate your growth.
Conclusion
Finding a business coach who is a good fit for you is the next step if you’ve decided to work with a business coach. Consider asking your network for referrals as a first step in the hiring process.
Always keep in mind that every business is unique and that a business coach who worked wonders for one entrepreneur may not be the best fit for yours! If your network is unable to provide you with any referrals, begin your search online.
Verify the business coach’s experience before hiring. Working with a business coach is ultimately up to you. In either case, you should rely on your judgment. After all, you are the one who best understands your business and its needs!
FAQ
What do you use a business coach for?
Business Coach can help you make better decision and set better goals for your business.
Is having a business coach worth it?
Yes, if you find a good business coach they can help you drive your business to success.
Who are the best business coaches?
Barry Moltz, Tammy Adams, John Mattone, Steve Mitten and Marshall Goldsmith are some of the best business coaches.
Alan Joseph
