Tag: Business Goals

Best Business Development Software For More Profit in 2023

Entrepreneurship is a journey riddled with numerous challenges, but none more pressing than the constant need for business development. Running a business is a demanding, ongoing process that requires various tools and initiatives to grow and succeed. The workload is tremendous and it’s impossible to do everything on your own. So, what’s the solution? Turn to technology to ease the burden.

Thankfully, tech experts have designed numerous business development tools and applications to assist entrepreneurs in their journey. These apps are designed to boost your business and take care of important features, providing you with some much-needed relief. However, with so many options available, selecting the best app for your business can be a daunting task.

To ease the process for young entrepreneurs, we’ve created a list of must-have apps and tools for business development. These powerful tools can help take your business to the next level, making your life as an entrepreneur much more manageable. So, without further ado, let’s take a look at these apps and get started on boosting your business.

List of Business Development Tools

RocketBolt
GoTo
Twitter
LinkedIn
Slack
Trello
Google Drive
Prezi
Newsle
SyncUp
Calendly
Google Alerts
Boomerang for Gmail
Gong
LeadGrabber Pro
Rapportive
Adobe Photoshop
QuickMail
Sync
Pipedrive

List of Business Development Tools

RocketBolt

Website	Rocketbolt.com
Rating	3.5/5
Headquarters	San Francisco
Company Founded	2013
Specialties	Lead Activation, Conversion Optimization, Email Productivity, Lead Tracking

RocketBolt is the trendy app to manage all your emails and make them easy to read. The only email tracking plugin, which is actually fun to use. RocketBolt can be easily added to any website in less than 5 minutes, and quickly drive more sales and more social media engagement without any additional management or maintenance. Great UX/UI, neat features, super easy to use. Eminent tools for business development.

Pricing:

RocketBolt offers custom pricing plan.

GoTo

Website	Goto.com
Rating	4.5/5
Headquarters	Boston, Massachusetts
Company Founded	2003
Specialties	Online meeting, screen-sharing, collaboration, HD video conferencing

GoTo is a prominent provider of flexible-work software, offering a suite of tools designed to facilitate communication and collaboration with customers and colleagues. The GoTo mobile app is a secure and fully integrated solution that includes phone, messaging, meeting, training, and webinar features, enabling users to work anytime, anywhere.

In addition, GoTo’s software also provides multi-channel inbox communication capabilities, allowing users to manage all their communications through a single platform. With support for SMS, webchat, and social media channels, businesses can effectively meet the increasing expectations of their customers.

GoTo is dedicated to empowering businesses and professionals to connect and collaborate seamlessly. With its comprehensive suite of flexible-work software, GoTo is an indispensable business development tool for anyone looking to maximize their productivity and efficiency.

GoTo Meeting – How to Join a Meeting

Twitter

Website	Twitter.com
Rating	4.5/5
Headquarters	San Francisco, CA
Company Founded	2006
Specialties	Real-time information, social media messaging

Twitter serves the public conversation. Twitter is a ‘microblogging‘ system that allows you to send and receive short posts called tweets. Twitter allows helping the world connect, debate, learn and solve problems is what draws us to careers at Twitter, and it’s what keeps us here.

Twitter can aid in business development by helping businesses build brand awareness, connect with customers, expand reach, and promote their products or services. It provides a platform for businesses to engage with their audience, establish themselves as industry leaders, and increase their visibility to a wider audience.

Pricing:

Twitter is Free to use.

Website	www.linkedin.com
Rating	4.6/5
Headquarters	Sunnyvale, CA
Company Founded	2003
Specialties	Online Professional Network, Jobs, People Search, Company Search, Address Book, Advertising, Professional Identity, Group Collaboration

LinkedIn - professional networking site — LinkedIn – professional networking site

LinkedIn is a social networking platform designed specifically for professionals and businesses. It allows individuals and organizations to create profiles, connect with other professionals, and engage in business-related conversations and networking. LinkedIn connects the world’s professionals to make them more productive and successful. LinkedIn is the world’s largest professional network.

LinkedIn can aid in business development by providing a platform for professionals and businesses to connect, network, and engage in business-related conversations. It can help businesses with recruiting, building brand awareness, expanding their network, and sales and marketing. LinkedIn is a valuable tool for businesses looking to grow and establish themselves as industry leaders.

Pricing:

LinkedIn’s basic version is available for Free. However, different pricing plans are offered for job seekers, recruiters, and sales professionals.

Slack

Website	Slack.com
Rating	4.7/5
Headquarters	San Francisco, California
Company Founded	2009
Specialties	Connectivity, team communication and workflows

Slack is the place where people can effectively work together, find important information, and access hundreds of thousands of critical applications and services to do their best work. This app is best for you if your team works remotely and you want to constantly stay in touch with them. This is a very easy and simple communication app to contact your whole team together remotely.

Slack is a team collaboration platform that can aid in business development through its centralized communication and collaboration features. It allows for quick and efficient communication and facilitates collaboration through file sharing and project management tools. Additionally, Slack can integrate with other business tools, further streamlining workflows and enhancing productivity.

Pricing:

Plan	Monthly Price
Free	₹0/month
Pro	₹218/month
Business1+	₹375.20/month
Enterprise Grid	Custom plans

Trello

Website	Trello.com
Rating	4.5/5
Headquarters	New York
Company Founded	2011
Specialties	Visual collaboration tool for shared project perspectives

Trello is a project task management tool that gives you a visual overview of what is being worked on and who is working on it. This creates a system that allows for individuals or teams to track a project and collaborate or contribute where they can be most useful or where it is most needed.

It allows teams to collaborate, delegate tasks, and track progress, making it easier to stay on top of project timelines and goals. Trello’s customizable boards and cards can be tailored to fit the specific needs of a business, and it integrates with other business tools, further streamlining workflows and enhancing productivity.

Trello – Business Development Software

Pricing:

Plan	Yearly Price
Free	$0
Standard	$105/user/month
Premium	$10/user/month
Enterprise	$17.50/user/month

Google Drive

Website	www.google.com/intl/en-US/drive
Rating	4.8/5
Headquarters	Mountain View, CA
Company Founded	2012
Specialties	Online Storage, file sharing

Google Drive is a free cloud-based storage service that enables users to store and access files online. It can aid in business development by providing a centralized location for storing and sharing files. It allows you to share the documents with your whole team together and prevent yourself from the hassle of sending emails separately. The Google drive provides the 15 GB free space to backup your important files. Google drive is the very best cloud storage app.

Pricing:

Plan	Monthly Price	Storage
Free	₹0	15 GB
Basic	₹35/month (for 1 month)	15 GB
Standard	₹52.50/month (for 1 month)	200 GB
Premium	₹162.50/month (for 1 month)	2 TB

Prezi

Website	Prezi.com
Rating	4.6/5
Headquarters	San Francisco, California
Company Founded	2009
Specialties	Online presentation tool

Prezi is the cloud-based presentation platform that helps you connect more powerfully with your audience. Prezi’s open canvas allows you to navigate through topics freely, encouraging interaction and collaboration between you and your viewers. The result is conversational presentations that are more natural, more engaging, and more memorable.

Pricing:

Plan	Monthly Price
Standard	Starting at $5/month
Plus	Starting at $12/month
Premium	Starting at $16/month

Newsle

Website	NA
Rating	4.0/5
Headquarters	San Francisco, California
Company Founded	2013
Specialties	Real time news

Newsle is a web application that allows users to follow real news about their Facebook friends, LinkedIn contacts, and public figures. The app will keep you one step ahead and provide a short description of the trending news. The app is very simple and saves lots of time, and provide you with the latest information.

LinkedIn Acquired News Alert Startup Newsle

Pricing:

Newsle is Free to use.

SyncUp

Website	Syncup.at
Rating	3.9/5
Headquarters	Austria
Company Founded	2013
Specialties	Secure collaborative space

SyncUp is a new productivity tool for outbound business professionals that simplifies collaboration with potential and existing clients. SyncUp allows you to invite one or more people by email to join a secure collaborative space which is just one click away. There are no passwords to remember or codes to enter.

Pricing:

Plan	Monthly Price
Free	$0
Business	$29/month/user
Enterprise	$99/month/user

Calendly

Website	Calendly.com
Rating	4.7/5
Headquarters	Remote
Company Founded	2013
Specialties	Meeting scheduling with Prospects

Calendly is a scheduling software that can be useful for business development. It allows businesses to schedule appointments with potential clients efficiently. Calendly can be used to schedule discovery calls, demos, and meetings with clients. It also integrates with various other tools, such as CRMs and video conferencing platforms, making it easy to manage the entire scheduling process. Additionally, Calendly offers features like reminders and time zone detection to ensure meetings are never missed. Overall, Calendly can help businesses save time and improve their efficiency when it comes to scheduling meetings and connecting with clients.

Pricing:

Plan	Monthly Price
Basic	$0
Essentials	$8/seat/month
Professional	$12/seat/month
Teams	$16/seat/month
Enterprise	Custom pricing

Google Alerts

Website	www.google.com/alerts
Rating	4.6/5
Headquarters	Remote
Company Founded	2003
Specialties	Notification platform for businesses

Google Alerts is a tool that can be used to stay informed about updates related to specific topics of interest. When a user sets up a keyword or search term, Google Alerts will send email notifications whenever it finds new results on the web that match that search term. These results can include web pages, news articles, blog posts, and research studies. By using Google Alerts, users can stay connected with the latest developments and trends related to their areas of interest. This can be particularly useful for business professionals, researchers, or anyone who wants to stay informed about a particular topic.

Pricing:

Google Alerts is Free to use.

Boomerang for Gmail

Website	www.boomeranggmail.com
Rating	4.7/5
Headquarters	Mountain View, CA
Company Founded	2010
Specialties	Email management software for Gmail users

Boomerang for Gmail is a tool that can be useful for business development. It is a browser extension that integrates with Gmail and allows users to schedule emails to be sent at a later time, set reminders for follow-up emails, and track email opens and responses. With Boomerang, users can ensure that their emails are sent at the most optimal times and can keep track of their interactions with clients or potential clients.

Additionally, Boomerang offers features like email scheduling and follow-up reminders, which can help users stay on top of their email correspondence and improve their overall efficiency. Overall, Boomerang for Gmail can be a valuable tool for business professionals looking to streamline their email communication and improve their business development efforts.

Pricing:

Plan	Yearly Price
Basic	Free
Personal	$4.98/Month
Pro	$14.98/Month
Premium	$49.98/Month

Gong

Website	www.gong.io
Rating	4.8/5
Headquarters	San Francisco, CA
Company Founded	2015
Specialties	Analyze and Iimprove demo calls

Gong.io is a conversation analytics platform designed for sales teams. The platform uses artificial intelligence and machine learning to analyze sales conversations and provides insights to help sales teams improve their performance. Gong.io can record and transcribe sales calls, and then analyze the conversations to identify patterns, highlight key moments, and provide feedback on areas that need improvement. The platform can also be used to monitor sales performance in real-time, allowing sales managers to provide coaching and support to their team members.

Pricing:

Gong.io offers custom pricing plans.

LeadGrabber Pro

Website	www.egrabber.com/leadgrabberpro
Rating	4.2/5
Headquarters	San Jose, California
Company Founded	1996
Specialties	B2B prospecting tool for sales and marketing teams of any size

LeadGrabber Pro is a lead generation software designed for businesses and sales professionals. The software enables users to quickly and easily capture leads from various sources such as social media, online directories, and websites. LeadGrabber Pro can automatically capture contact details such as names, email addresses, phone numbers, and job titles and transfer them to a database or CRM system.

Pricing:

Plan	Yearly Price
For one-person sales teams	$3,495/Year
For small sales teams	$5,495/Year
For Medium Sized sales teams	$8,495/Year

Rapportive

Website	NA
Rating	4.5/5
Headquarters	San Francisco, California
Company Founded	2010
Specialties	Get extra information about your email contacts

Rapportive is handy for Gmail users because it shows you extra information about your contacts if you are using Gmail. When you open up your Gmail account, you can click on a contact and that person’s LinkedIn profile will appear on the right.

Pricing:

Rapportive is Free to use.

Adobe Photoshop

Website	www.adobe.com/in/products/photoshop.html
Rating	4.8/5
Headquarters	San Jose, California
Company Founded	1990
Specialties	Image and graphic design and editing

Adobe Photoshop is a graphics editing software that can be used for business development. Photoshop can be used to create marketing materials such as flyers, brochures, and banners. It can also be used to design graphics for social media platforms such as Facebook, Twitter, and Instagram. Additionally, Photoshop can be used to develop branding assets such as logos, business cards, and other visual identity elements.

Adobe Photoshop can be a valuable tool for businesses looking to improve their visual communication and develop high-quality marketing materials.

Pricing:

Adobe Photoshop offers 7-day free trial, then ₹1,675.60/month.

QuickMail

Website	Quickmail.io
Rating	4.8/5
Headquarters	Zug, Zurich
Company Founded	2014
Specialties	Automated email solution

QuickMail is a sales automation software that can be used for business development. It enables users to create and send personalized cold emails to potential clients and track their engagement with those emails. QuickMail can also automate follow-up emails based on the recipient’s response, allowing users to keep their prospects engaged and move them further down the sales funnel.

Pricing:

Plan	Yearly Price
Lite Plan	Free
Starter Plan	$49/Month
Pro Plan	$69/Month

Sync

Website	www.sync.com
Rating	4.4/5
Headquarters	Toronto, Ontario
Company Founded	2014
Specialties	Private file sharing and storage

Sync is a file sharing and storage platform that can be used for business development. It enables users to securely store, share, and collaborate on files and documents with colleagues, clients, and partners. With Sync, users can access their files from anywhere, on any device, and collaborate with others in real-time.

Pricing:

Plan	Yearly Price
Teams Standard	$6, per user, per month, billed annually
Teams Unlimited	$15, per user, per month, billed annually
Enterprise	Custom Plans

Pipedrive

Website	www.pipedrive.com
Rating	4.5/5
Headquarters	New York
Company Founded	2010
Specialties	CRM built by salespeople, for salespeople

Pipedrive is a customer relationship management (CRM) platform that can be used for business development. It enables users to manage their sales pipeline, track leads, and automate sales processes. With Pipedrive, users can easily visualize their sales funnel, identify bottlenecks, and take action to move leads through the pipeline.

Pricing:

Plan	Yearly Price
Essential	$9.90, per user, per month, billed annually
Advanced	$19.90, per user, per month, billed annually
Professional	$39.90, per user, per month, billed annually
Enterprise	$59.90, per user, per month, billed annually

Try Pipedrive Now

Conclusion

The right business development software can make all the difference when it comes to driving growth and success for your organization. There are a wide variety of software tools available to help you achieve your goals. From sales automation platforms like QuickMail and Boomerang for Gmail to file sharing and storage platforms like Sync, there are plenty of options to choose from. And with CRM platforms like Pipedrive and lead generation tools like LeadGrabber Pro, you can easily manage your sales pipeline and find new opportunities for growth.

Whatever your business development needs may be, there is a software solution out there that can help you achieve your goals. By investing in the right software tools and platforms, you can streamline your workflows, increase efficiency, and ultimately drive greater revenue growth for your business.

FAQs

What is business development software?

Business development software is a set of tools and platforms designed to help businesses improve their sales, marketing, and branding efforts. These software tools can include customer relationship management (CRM) platforms, lead generation tools, sales automation software, and more.

Is business development in high demand?

Yes, business development is in high demand, particularly as companies look for ways to drive revenue growth and expand their market share.

How can business development software help my business?

Business development software can help your business in a number of ways, such as improving your lead generation efforts, streamlining your sales process, enhancing your marketing and branding efforts, and more.

What are some popular business development software tools?

Some popular business development software tools include Pipedrive for CRM, LeadGrabber Pro for lead generation, Boomerang for Gmail for sales automation, Adobe Photoshop for branding and design, and Sync for file sharing and storage. However, there are many other software tools available, and the right choice will depend on your specific business needs.

How can I choose the right business development tool for my business?

To choose the right business development tool for your business, start by identifying your specific needs and goals. Consider factors such as your sales process, marketing and branding efforts, and team collaboration needs. Then, research and compare different software tools and platforms to find the ones that best meet your requirements and budget.

How do you keep track of business development?

You can keep track of business development by using a customer relationship management (CRM) platform to manage your sales pipeline, track leads, and automate sales tasks. You can also use data analytics and reporting tools to measure the success of your business development efforts and make data-driven decisions.

May 5, 2023

New Year Resolutions Every Entrepreneur Should Make
A new year’s resolution is a kind of promise a person makes to bring change. Not just individuals make new year’s resolutions for themselves, but business owners do it for their businesses too. In 2022, They had taught us many things, the new normal followed by the pandemic is the ultimate truth now. To be prepared for the future and how to manage all things, especially in business. So all businesses want to make 2023 better and the requirements for the organization.

There are so many new year resolutions every entrepreneur should make so that they can see great growth in their respective businesses. Resolutions can be goals you want to accomplish over a short period (short-term goals) or goals you want to accomplish over a year or many years (long-term goals).

The end of the year is the time when all businesses set up a plan for the next year and fill the gap that is not covered in the past year. In this article, we will talk about some new year’s resolutions that every entrepreneur should make for the success of their business. So let us get started.

Time Management
Expand Your Business
Secure Your Business
Lead Through Crisis
Work-Life Balance
Learn Something New
Join New Networking Group
Give Back to the community

Time Management

Image: Moina Abdul

Time management means prioritizing things for one’s life and activities. By doing so, you can reduce your stress. The main goal of time management is to be productive. When you are aware of what you need to do, you can better manage your workload. Forgotten items, details, and instructions always make us do extra work.

We often talk about time management in our daily life. But do we really know what it really means? When you manage your time, It means you are prioritizing your tasks. So that you can create more time for other things in your life.

Being on time and working produces great opportunities. By being on time, you are able to start meetings and projects, and your workday is properly managed. Discipline helps you to manage both your time and tasks. It helps you to separate emotions from your tasks. When you are away from your emotions and worries. That is when you perform well.

Initially, start with small goals that are part of a bigger goal. Most bosses and companies make blunders by giving unrealistic targets to their employees, but that always backfires and reduces the productivity of the employees.

Expand Your Business

Growth and expansion are key goals for almost all entrepreneurs. Growing your customer base is important for business success. Most businesses target their sales and marketing efforts to specific customer markets based on demographics like age, gender, location, interests, activities, and values. The idea is to market and sell existing products and services.

Social media is a powerful tool to promote your business to potential customers and gain valuable insight. Analyze new opportunities in business. One of the best and most effective ways to grow a business quickly is to build an email list. Many entrepreneurs find initial success in copying a competitor’s business model. But it is not a healthy practice in the long term. It is about making your presence everywhere possible. However, quality should not and must not be compromised over quantity. So select online platforms carefully apart from your website.

It is said that in the 21st century, one skill that requires the most and will be relevant is the ability to inspire others. Personal value is like a magnet that attracts all good things into our lives—the greater our value, the greater our reward. Since the solution to having more is becoming more, we must be in constant search for new ways to increase our value. When you work for yourself, you inspire others by your action and not by words.

Work on your Health

Search volume of “Gym near me” spikes near January every year

Entrepreneurship is always considered a demanding job. Being a businessperson is a hectic job on earth, but so is our health. When we consider the word ‘health’, we think we have to join a gym or go 10 or 20 miles running or lose weight.

However, health means balancing one’s life physically, emotionally, and mentally. In terms of physical fitness, we can follow the WHO recommendation of 10,000 steps daily for adults and for mental and emotional beings, and we can do yoga, meditation, or deep breathing according to our schedule.

Secure Your Business

Protecting your business against losses means securing your employees, customers, building, equipment, and revenue-related assets. According to CBS, over 80% of businesses have reported that their systems have been hacked. Security cameras and other technologies can also help protect your company from harassment or performance issues.

The first and most obvious security investment to make for your business is to install surveillance cameras. Modern business is almost impossible without a network where data is kept and shared among employees. If you have employees, keeping accurate records can greatly improve your payroll accuracy and reduce the risk of overpayment.

A recent Gartner study found that 90% of companies that suffer major data loss close within two years and that 80% of business owners have no plan to protect their data.

Lead Through Crisis

“During a crisis, your goal is to reduce loss and keep things operating as normal as possible.”- Gene Klann

The Coronavirus pandemic is a reminder of how rapidly things can change for businesses. When you are in a crisis, most people are terrified and unfamiliar with the situation. Effective leaders can remain calm and maintain a sense of perspective.

Organizational leaders faced the current coronavirus (COVID-19) pandemic and associated disruptions in the global economy. Sustainability is going to be a major challenge for a large number of businesses.

To overcome this crisis, it is always advised to think about the long-term rather than the short-term. However, you need to plan and work for small-term goals, which will be part of your end vision.

Important steps to lead through a crisis:
- Connect as a human.
- Stay on top of the information.
- Act Responsibly.
- Choose people over profit.
- Leaders can prepare their organization to deal with the crisis by acknowledging it.
- Do not try to control and manage everything. Let things take their own turn.
- Make yourself available to your employees and people. It is the most important thing to do in a crisis.
- Addressing your feelings and needs is as important as taking care of others.
- Decisions like to act or avoid may come at a greater personal cost. Remember the saying by Simon Sinek, “Leaders eat last.”
- Flexibility in thinking is crucial while dealing with any crisis.
Work-Life Balance

There is a difference between work and life, which, for entrepreneurs, is rarely true. Deciding when you are available can be much easier than deciding when you are not available. It is hard to inspire and enroll others when you are not healthy. Be “you” in every situation. You should have less stress, more peace, and more harmony in your whole life.

By doing meditation, anxiety, focus, and productivity will be improved. During your working hours, make yourself readily available by phone to your customers. After working hours, communication via phone should only be allowed in an emergency.

Making time for yourself and your family makes for a better personal life, and it also gives you the time you need to reenergize so that you are at your fullest potential when you are working. The most important thing is to learn and grow from mistakes so that you can change what needs to be changed to help you, and your relationships.

Learn Something New

Learning new things has its own set of advantages which brings success and helps you become a better version of yourself. Whenever you make up your mind to take up something new, you get to know different people which helps you get a better idea of life. You can always grow, increase your knowledge base, and improve your skills to better yourself. Developing a new skill will influence the way you do things daily today and it will make doing things quicker and easier, saving time, energy, and stress.

Reading books can be a boon for entrepreneurs. Reading not only supplements us with knowledge and information, but it also increases our focus and analytical skills. On the other hand, a bunch of books on entrepreneurship or critical problem-solving will put you much ahead of your competitors.

Best 15 Books Recommended by Mark Zuckerberg

In 2015, Mark Zuckerberg created a book club where he recommended and discussed a few books with the club. Check out the best books recommended by Mark Zuckerberg here.

StartupTalkySarika Anand

Top benefits of learning a new skill:
- Your brain chemistry changes.
- Your learning speed enhances.
- You make great coordination between skill areas.
- You become a more interesting person.
- Learning new things makes things interesting for you.
- When you learn something new, your mind’s horizon and your perception change.
Join New Networking Group

Whether you are interested in strengthening your network or furthering your, career professional networking organizations can be a great option for you. Professional organizations can enhance your personal and professional development and provide endless networking opportunities. Being part of a networking group gives you a great chance to discuss ideas with your friends and associates.

Network groups are a useful source of strong referrals that can boost your business. Professional organizations sometimes offer courses, seminars, and lectures to keep themselves and their members up to date on the latest industry innovations, research, and trends.

Top 10 Entrperunr groups every entrepuenr must hceckout

Facebook is a place where you can learn every thing. If youre an entrperunr here are top netrinil groups you sould join.

StartupTalkyKinnary Nensee

Give Back to the community

As Pablo Picasso said, the true meaning of life is finding your gift and the purpose of life is to give back to the community where we come from. Whatever we earn, not only in terms of money but in every realm of our lives. We should try to distribute to others; that is the way the universe works.

Conclusion

New year resolutions are just a way to give an ultimatum to yourself to fulfill all your short-term and long-term goals. The concept of a New year, a brand-new beginning is taken here and business owners often use this to push themselves to make their businesses bigger and better. The above resolutions are important for every business so that they can enjoy the taste of success.

A visitor once visited Nobel Prize winner physicist Niels Bohr and, having noticed a horseshoe hanging above the entrance, asked skeptically if the professor believed horseshoes brought in good luck for him. “No,” Bohr replied with a smile; “However, I am told by the sender that it brings luck even to those who do not believe in it.”

The above-quoted line “that it brings luck even to those who do not believe in it” is the perfect fit for new year’s resolutions as well. They work for those people as well even if they do not believe in it.

FAQs

What are New Year’s Resolutions?

New year’s resolutions are good practices and new changes one wants to implement in the new year and continue throughout the year.

What are some resolutions entrepreneurs make every year?

Some of the resolutions that entrepreneurs make are:
- Time Management
- Expand Your Business
- Secure Your Business
- Lead Through Crisis
- Work-Life Balance
- Learn Something New
- Join New Networking Group
December 2, 2022
7 Tips to Create a Perfect Business Plan
One of the essential steps when beginning your business is creating a business plan. The importance of a business plan is extraordinary for any entrepreneur. A business plan can make or break a small business. Good business plan ideas provide a clear road map for the future and can give you a much greater understanding of your business’s financials and the competition. Here’s a guide to writing the best business plan for small businesses.

Starting a business is quite risky, especially if you’re doing it for the first time. It is, however, a worthy endeavour. A business plan can be useful in attracting investors and providing direction for your business. Coming up with a good business plan can take time because it requires many details. A simple business plan example is a five-year plan.

Importance of Business Plan

In this article, we will talk about 7 steps to make a perfect business plan that will help you in the growth of your business. So, let’s get started.

Do Your Research
Define the Purpose of Your Plan
Create a Company Profile
Describe All Aspects of Your Business
Decide Your Business Goals
Have a Good Marketing Plan
Write for Your Audience

Do Your Research

A good business plan is well-researched. You need to have a good understanding of your company, your product or service, and your audience. There are several ways that you can amplify your research. You can talk to people who are already in the business and speak to consumers, among others. Another way that you can learn more about your business is by referring sample of the business plan. Understand who your competitors are, analyse them and figure out how you can do better than them and make offer your customer. something unique

Define the Purpose of Your Plan

Depending on the business you’re planning to start, it should be clear whether you’re writing it for investors or yourself. You may want to cut your company budget or attract new shareholders to your business. A business plan can achieve both purposes. Try to understand the objectives and goals of your business and write the plan according to them.

Create a Company Profile

A company profile is a detailed summary of your company background, services and products that you offer. These are usually the information that most companies have on their “About” Page. Your company profile should describe the nature and structure of your business clearly. You must bring out your business’ unique factor on your company profile.

Describe All Aspects of Your Business

If your business plan is to attract investors, you have to elaborate on all areas of your business, and get into the details. How does this particular department in your business work? What are your strategies to make this department effective in helping the business reach its goals? Any person investing in your business will want to know how they will get their money back, along with a profit. Your business plan must include detailed information.

Decide Your Business Goals

The success of your business will depend on the goals of your business. So state your short-term as well as long-term goals of your business. This section not only helps you in achieving your target but also helps when you’re looking for a business loan or any other investment from investors. The section will urge you push yourself and your business to achieve all the goals that you have pre-decided and thus will lead to your success as the owner of your business.

Have a Good Marketing Plan

If you’re a start-up company, then you are probably introducing new products to the market. This requires an aggressive and strategic marketing plan. A marketing plan will help you achieve your objectives. Also, each of your marketing objectives should have an allocated budget. If there is no proper marketing plan, then the business is bound to get doomed.

Write for Your Audience

Depending on who you plan to pitch to, it’s better if you know who they are. People have different interests, so your business plan should be adjusted to suit your audience. Experts in business consulting in Miami advise that you keep the financial part of the business plan consistent. A brief description of your products, and service and proper statement must be included so that your audience can understand what you are trying to bring on the floor. Plus while launching the products, goals must be kept in mind.

Conclusion

A good business plan will ensure that you have steady growth in your business. The first and foremost goal is to have a steady growth. The plan is an overall outline and summary of your goals and how you can achieve them. It is basically a Roadmap that consists of the detailed steps that the business should take in order to be successful.

FAQs

What is a business plan?

A business plan describes in detail its objectives and how it is looking forward to achieving its goals. A business plan lays out a written roadmap for the firm from marketing, financial, and operational standpoints.

Who prepares the business plan?

The entrepreneur or the person responsible for the business prepares the plan.

What are the types of Business plans?

There are four types of business plans and they are:
- Short plans
- Presentation plans
- Working plans
- What-if plans
June 17, 2022
6 Things to Consider Before Becoming a GC From an Associate

As you have been enjoying the perks and the higher than average salary in a law firm, but now you are thinking of becoming the General Counsel (GC) of your own firm. So, what happens next? In the legal profession, the next step of an associate in his career is to become a GC or a General Counsel. A general counsel is a chief lawyer of the legal department in a company.

Although being your own boss is a rather tempting idea, it is fundamentally plastered with certain inherent problems and issues. This is because being a general counsel includes a lot of effort and hard work. This is particularly so because the work of a general counsel never ceases. Thus, the person who is contemplating such a tectonic shift in his career must know and understand certain key factors.

In this article, we will talk about 6 things that you must consider before becoming the General Counsel from an Associate. So, let’s take a look at it.

Developing Legal and Non-legal Skills
Seeking a Comprehensive Sectoral Understanding
Strategize Your Business Right
Build Better Relationships
Knowing the Stakeholders
Stepping Outside Your Comfort Zone

Developing Legal and Non-legal Skills

The esteemed role of GC might sound tempting, but it’s not that simple! There’s a difference between being an associate in a law firm and working in the office of general counsel. For the latter, a command over the legal and non-legal skills is very important – but not in quite the way that you’d expect. You may not spend your entire day arguing in court and validating legal points, but you will be validating business by communicating with the clientele.

One very important element that is a part of a GC’s primary duties is handling matters related to a company’s business development and advising them on every issue in the periphery of operations. This is why general counsels are always busy and don’t even have enough time to stand and wait in one place!

Seeking a Comprehensive Sectoral Understanding

The core competency of a general counsel stems from a holistic understanding of the domain or the industry in which the company operates. Thus, it is essential that you build a holistic understanding a develop a complete knowledge of the sector or the industrial segment in which your company tends to operate.

This understanding should not be myopic or restricted merely to legal and compliance standards. Neither should you concentrate more on regulatory knowledge only. A complete understanding of this sector stems from an overview of all nuances relating to the industry’s practical working and business trends and governing conventions in general.

Strategize Your Business Right

It is amazing to know how some GCs can turn young businesses into hugely successful corporations. This rapid growth is attributable in no small part to proper planning and strategizing. Most GCs are not aware of their company’s corporate or financial position, and it goes downhill pretty quickly from there.

The business strategy primarily covers both the parts of learning about the business and planning it well to manage it better. Ascertaining all relevant information is integral to planning your company’s operations. As GC, you will need to pay attention to these minute details and create the right strategies to propel your business to the top. Thus, at its core, strategizing includes gathering information on all corners of the business and then involving each corner in the mainstream business.

Build Better Relationships

Relationship management is a serious business in the legal world. A general counsel should not just be concerned with what is happening externally in the industry. He should also focus on the workings of the company also. In order to do that, as an associate GC, you should start by developing a keen idea about the company and its workings.

Not just that, but you should also be aware of the various people who are working within the organization, what their profiles and designations are, and what their jobs entail. Building better relationships and networking with fellow employees and peers helps you gain the right knowledge about the organization’s internal values and culture. An associate GC who identifies with the organizational ethos and has a complete understanding of the company’s internal work and functionalities can better fulfil his role as a general counsel.

Knowing the Stakeholders

To be a general counsel, it is very important to know the various parties and the stakeholders involved with the company. The various stakeholders of the company are important points of consideration for an aspiring GC. Understanding their perspectives manifests almost entirely from perfect listening skills.

In fact, if an organization wants to better understand the stakeholders’ needs and expectations, it’s kind of impossible not to listen to their concerns. It offers better insight into what drives and motivates them. It is by completely understanding the drivers you can be equipped to advise them of the best possible recourse for the company in any given scenario.

Stepping Outside Your Comfort Zone

As a general counsel, it is your job to contemplate the right decisions for the company’s benefit and advise the same to the senior management. Occasionally, this might entail the need to shoulder certain risks and advise from a commercial perspective. The ultimate agenda to do this is to ensure that the company’s problems and grievances are redressed and that they can go about their businesses in a more productive capacity.

This job’s primary responsibility is to support your company through proper problem-solving abilities and ensure complete compliance even if the resulting problem is outside your comfort zone. This is the reason that helps you maintain positive relationships with colleagues, staff, and other members of senior management. Who knows, maybe their recommendations can help you to transition from the associate general counsel to bigger, better, and greener pastures.

Conclusion

These days, the competition and search for better opportunities have become tougher. This means that there still has to be twice the effort for a normal candidate with the right profile. Hence, it is important to understand that one needs to chalk out a few details before committing full time to the cause. A general counsel’s job is anything but easy, and you quite simply will run out of time and patience on multiple occasions. So it would be better if you stay prepared for the first instance.

FAQ

Who is a General Counsel?

A General Counsel is a chief officer of a legal department of a company.

Who should a General Counsel report to?

A General Counsel should report to the CEO of the company.

Do you need to be a lawyer to be a General Counsel?

To be a General Counsel one needs to be an expert in both law and business.

June 2, 2022
How to Create an Effective First Product Roadmap?
A product’s success depends upon a shared vision that finds its approval from all the internal and external parties involved. If you have ever been a part of the product development process, you will agree with this statement, regardless of your role. There are multiple stakeholders, like developers, users, sales, marketing, and suppliers involved in product development. They all need to commit to a common plan and align their work to make it a hit.

When represented in a visual format, this product plan is termed as a roadmap. In simple terms, it is a plan of action that brings all the teams together around the short and long-term goals associated with the product. An effective roadmap tells the story of the vision, priorities, direction, and product progress. The roadmap acts as a guiding document that the teams track and revisit to stay on the course.

It also helps them understand if there are any gaps from their side and comes in handy in resolving conflicts between the stakeholders. More than anything, the roadmap acts as a reminder of the final goal. In this article, we will talk about how to create an effective roadmap for your first product. So let’s dive into this.

How to Make Your First Product Roadmap?
Presenting Your Roadmap

How to Make Your First Product Roadmap?

If you are given a new role as a product manager and have been asked to complete the crucial task of developing a product roadmap. You already have a high-level understanding of the product, what it should achieve, and by when it needs to be delivered. All you need to do is to represent this information in a visual format.

You could be working on the release of a new product or upgrades to an existing one. One thing that you must remember is that product roadmaps evolve over time. However, the underlying vision should not change at any point.

How far out do businesses plan their roadmaps?

These are some steps while creating the roadmap of a product:

Define a Strategy

During the product development and subsequent stages, your stakeholders will often have to reflect upon the “whys”.

At such times, you will have to bring their focus to why you are building the product. It is what will define the strategy and the vision of your goal.

It can help you further to answer the following questions if you are struggling to define a clear strategy:
- Why are you building a new or enhancing an existing product?
- What are you hoping to achieve through this product?
- How is your creation going to help the users?
Prioritize the Ideas

When the initial conversations start and also during the product development stage, multiple ideas will pour in. Moreover, there will also be suggestions from your customers that you would want to incorporate. You don’t have to include every suggestion, but some of these could be worth your time. The best way to incorporate them into your roadmap is by prioritizing and ranking them. This way, you will focus on what matters and make your roadmap and vision more objective.

Define the Product Features

Your product features tell your stakeholders what it is that your product will look like. It is also what aligns your development team with your vision. You can also include other associated information that may help them in fine-tuning the solution.

Plan the Releases

Any roadmap is incomplete without a timeline. It gives direction to all the stakeholders involved. It is advisable to break down the timelines into multiple releases for better efficiency. This way you’ll be aware of the deadlines and it will boost your productivity so that you can finish the work on time.

Presenting Your Roadmap

Your stakeholders have varying interests, and a single roadmap may not answer the questions they may have. To align everyone with your vision, you will want to show them something of their interest. It could mean creating a different view for every party. Here is how you can do it:

The Higher-Ups

The leaders will be keen to know about the high-level vision associated with the product. The leaders will need to understand how the product fits into the larger scheme of things at the organization.

Product Development Team

The development team needs to know every minute detail of the product. For instance, the team will need a comprehensive list of the features, requirements and release dates and others. It will help them in prioritizing their work to meet the given deadlines.

Marketing and Sales

These are the teams that engage the customers and are in touch with the market pulse. They will need to understand how your product will make the lives of your customers easy to create a sales pitch.

Support

Here is a team that experiences pressure after every new release. Since the team will be getting more customer queries, they will need to prepare themselves for the critical features and enhancements. They will be more interested in the dates and the associated training for their staff.

The Evolution Of Your Roadmap

With time, your roadmap will evolve as you may add new features or change the timelines along the way. To incorporate these changes, you must first prepare yourself to embrace them. At times, you will realize that a feature is taking more effort than you had anticipated. At other times, you may receive some information from your analytics team that may need some changes in your product plan. Ensure that you send the revised roadmap to all the stakeholders so that everyone is on the same page. The ultimate goal should be to deliver a high-quality product that brings some value to the customers.

Conclusion

A carefully-drawn roadmap is not just another document. It is the basis of your product’s success. Getting the best product owner certification can help you build better roadmaps and propel the organization to success. When you make a roadmap after considering all the crucial information, it will help you align your stakeholder and also prioritize more effectively.

FAQs

What is a product roadmap?

A product roadmap is the basic structure of the goal, vision, direction and the progress of a product.

What are the steps of creating a product roadmap?

Some of the steps of creating a product roadmap are:
- Define a Strategy
- Prioritize the Ideas
- Define the Product Features
- Plan the Releases
Who creates the product roadmap and releases it?

Product managers are the one who creates product roadmap and releases them.
June 1, 2022
8 Steps of Effective Planning for Every Business
There are many people who dream of being an entrepreneur and starting their own businesses. With various opportunities coming forward at this age, the number of startups is increasing every day. Whenever you try to start a business, there are several factors that are needed to be done properly, among them is planning. In fact, effective planning can do wonders.,

Planning is an important activity of every business organisation. It is the foremost task which every business has to do before starting its other initiatives. Every implementation of an idea starts with planning. Therefore, planning has an important role to play in any venture or business.

If planning is not done properly, the business is bound to fail at any given point. Many brainstorming ideas die before execution because of improper planning. Effective planning is what makes the lifeline of every business. In this article, we will talk about the 8 steps that you need to follow for effective planning of your business. These steps are just paving the road to success, so let’s take a look at them.

Recognise the Opportunities
Create Objectives
Planning Premises
Finding Alternatives
Evaluating Alternatives
Choosing Alternatives
Making Supporting Plans
Implementation of Plans

Recognise the Opportunities

Before creating a plan, there is the foremost need to recognize the opportunities that exist in the external environment. There are 8 stages of planning, to make an effective plan, in which Recognising the opportunities comes first. The managers of the organisation must do a clear analysis of all the aspects of the opportunity on the basis of the future as well as the present. The management should also do an analysis of the present position of the company so that the strength and weaknesses can be taken out which will lay the foundation for setting up the objectives of the organisation.

Importance of Planning in Business

Create Objectives

Your objectives define your business, if there are no objectives then the growth of the business is not possible. The objectives of an organisation must be very clear and well defined. A proper objective of an organisation provides a proper direction to the organisation and its different departments. The objective of the organisation decides the future of the organisation, therefore the management must create a clear set of objectives that the organisation needs to achieve.

Planning Premises

As we already know that the process of planning premises is done on the basis of the future. However, as the future is uncertain, so we must create some forecasts on the basis of assumptions. These forecasts are known as the planning premises. The assumptions may not be true, but considering and forecasting them will make the organisation ready to deal with them. Therefore, the management must develop the planning premises so that the organisation can survive in case of any unwanted occurrence.

Finding Alternatives

There are multiple ways to do a single thing. Similarly, there are multiple ways in which the objectives of an organisation can be achieved. The management must develop and identify all the multiple and unique ways of doing things that can help them in achieving the objective of the organisation because if by any chance one way is failed to achieve the objective, another is ready to take its place so that the objectives can be achieved without any delay or blockage. Apart from that amongst these alternatives, the best possible case must be chosen.

Evaluating Alternatives

After identifying all the ways for achieving the objective, each of the alternatives must be properly evaluated. The process of evaluation of the alternatives must be made on various factors like investment requirement, risk, uses of resources, profit, and others. The management should properly analyse the pros and cons of each and every alternative and where those alternatives can take them. So, that the best one of them can be taken out and can be applied to their business to achieve the objectives.

Choosing Alternatives

Once after the evaluation process, the managers will have the proper awareness of the pros and cons of each alternative. Out of all those alternatives, the managers have to make decisions and choose a plan which is more profitable and where less risk is involved. The alternative that will be chosen should fit perfectly to achieve the goals, while choosing the alternative, three tools are must that is, experience, experimentation and research.

Making Supporting Plans

Each main plan requires various work to be done. In order to execute the main plans, there is the requirement of supporting plans for various works like hiring manpower, buying required materials, purchasing raw materials and others. The supporting plans are not different plans but they are parts of the main plan which help in managing the different activities and things. The main plans couldn’t take place without the supporting plans and therefore, the managers should create supporting plans to carry forward the work.

Implementation of Plans

After the creation of the main plan and the supporting plan, there is a need to bring them into action. The plans should be implemented in such a way that they can help in achieving the objectives. The process of implementing the plans includes the formation of policies, procedures, the budgets, and a sequence of activities to be performed in order to achieve all the goals. Once the implementation is done, now you have to wait and see if you are able to achieve the objectives of your business.

Conclusion

A proper business plan helps you in your strategies to make your business successful. When you start your journey of entrepreneurship, the growth of your business keeps you going and it can only happen through proper planning. While planning you need to follow all the steps required, then only you can achieve your end goal.

FAQs

What are the effective planning steps of a business?

Some steps to make planning effective:
- Recognise the opportunities.
- Create Objectives.
- Planning Premises.
- Finding Alternatives.
- Evaluating Alternatives.
- Choosing Alternatives.
- Making Supporting Plans.
What is planning in management?

Planning defines the correct actions to achieve organisational goals. It helps in the efficient utilization of available resources. Realistic planning helps in achieving organisational goals in the most competitive way. Hence go on and plan to achieve the goals you have set.

What is planning premises?

The forecast or the assumptions about the future which provide a base for planning in the present are known as planning premises. They are the anticipated environment in which plans are expected to operate.

What is a good business plan?

A company often needs a business plan before it can borrow money from a bank. Good plans are usually highly detailed and include information on all aspects of the business, including the industry, marketing, finance, personnel, and various operating procedures.
May 30, 2022
What these Entrepreneurs are targetting to achieve in 2022?
This article is contributed by the multiple entrepreneurs from different fields.

While starting a business, your prime goal is to make it a success and reach the top, no matter what. Amidst this, there are other aims as well that entrepreneurs set and plan to achieve, they can be long-term as well as short-term but they are the stepping stones that help in reaching your prime goal. These aims can literally change the direction of your business and it wouldn’t be wrong to say that, one must be very careful while setting them.

In this article, some of the entrepreneurs shared their goals for 2022. So, without any further ado, let’s get started.

Rohit Sahni | CEO & Founder, WK Life

Rohit Sahni | CEO & Founder, WK Life

In 2022, we all are set to expand aggressively by opening new stores and our target is to open 50 more outlets this year. To achieve the same we have started to manufacture our own products and about 30% of our products are made in India. With the help of the franchise partners, we are also trying to set up our own factories in India. First, we will start with North India and then we will go towards the south in the later stage of the year. We are continuously working on maintaining and improving the quality of the products so that we can make our customers happy and satisfied.

Shyatto Raha | CEO & Founder, MyHealthcare

Shyatto Raha | CEO & Founder, MyHealthcare

Our main motive is to democratise healthcare and make it available for everyone. Our partner network of healthcare providers is scheduled to cross over 100 speciality hospitals by March 2022. We have a clear motive this year and that is to expand our service and provider network across Tier 2 and Tier 3 cities of India. We are also looking forward to plans to continue our expansion into Asia, the Middle East, and Africa.

Abhinav Mital | Founder, The WorldGrad

Abhinav Mital | Founder, The WorldGrad

2021 laid the groundwork for growing the category of online or hybrid study abroad programs. As a pioneer and leader in this space, we want to put this category of programs on the consideration set of overseas education aspirants.
This would require demonstrating success stories of our current students and spreading awareness amongst school students, admissions counselors, and the larger study abroad eco-system.
The WorldGrad has already built a team of 50 people to support this mission and will scale this to over 150 people throughout 2022. With significant investments in student experience, admissions, and support. In 2022, The WorldGrad will also become the first provider of virtual internships to our students that will allow them to get work experience in a country of choice while they study online with us.

Ankur Singh | CEO & Founder, Witzeal Technologies Pvt. Ltd

Ankur Singh | CEO & Founder, Witzeal Technologies Pvt. Ltd

While gaming technology advances, I believe that innovation and personalization of experiences are the game-changers. We, at Witzeal, intend to incorporate them into our platform such that our gamers can have a richer gaming experience and connect with billions of players across the world who speak the most popular gaming language.

Himanshu Arya | CEO & Founder, Grapes

Himanshu Arya | CEO & Founder, Grapes

The Pandemic is the reason why the digital growth in the advertising and marketing industry has accelerated. In the last one and a half years, marketers are backing on creativity, digital, and data- all with the help of technology. The A&M industry is on a trajectory of growth. Our motto for 2022 will be to expand into newer markets and acquire new clientele. We can achieve this when we continue to deliver remarkable work to our clients. It is the uncompromising quality of work that will echo our expertise among the leading brands, convincing them to initiate a collaboration with Grapes. Hence, satisfaction plays an inordinate role in the functioning, abiding by our ideology to achieve recognition through our work.

Apu Pavithran | CEO & Founder, Mitsogo

Apu Pavithran | CEO & Founder, Mitsogo

Mitsogo recently launched its partnership with reputed companies like Cloudflare and Traced App. We are now aiming to expand the partner network: which means establishing new partnerships with many more technologies as well as adding new channel partners. Multiple new partnerships are currently next in line and are expected to be launched soon. In terms of company growth, we are expecting to double the employee workforce and for that, we are aggressively hiring from the reputed colleges across India. Moreover, the company is all set to launch the next product, Hexnode Do, a SaaS app management platform that will provide a unified platform to manage and secure different SaaS applications.

Vatsal Agarwal | Founder, The Baklava Box

Vatsal Agarwal – Founder, The Baklava-Box

Our main goal for 2022 would be to adopt an omnichannel model. Currently, we have one retail outlet and three counters in Nature’s basket outlets. We plan to expand this to five retail outlets and 15 counters across Nature’s basket stores. We have been trying to get to experiment with their holiday gifting with our gift hampers and that has been a great impetus for people to try our products. We are trying to come up with more innovative ways to try our products plus making more people aware of Mediterranean sweets is also a goal, for this year.

Nishant Behl | CEO & Founder, Expand My Business

Nishant Behl | CEO & Founder, Expand My Business

2022 is going to be a very important year for us. In terms of strategic values, we are looking to expand our operations in the GCC region and establish our firm presence in its market. The Middle East has several opportunities for providing digital services and can help us achieve our goal of increasing our revenues by 200% and having an overall 3X growth. We also plan to onboard many more vendors from tier-3 and tier-4 cities to create more opportunities and generate more business for the Indian digital service providers.

We are planning to undertake a massive hiring spree for the same. This can help us achieve our targets for 2022 and increase our sales manifold. With Blockchain and Cryptocurrency gaining impetus in the market, we have also included blockchain development and NFT in our service domains and have made considerable progress in providing web hosting services to several businesses across India as well.

Varun Vashisthaa | Founder, HairVeda

Varun Vashistha | Founder, HairVeda

We, at HairVeda planning to be present in all eCommerce marketplaces by the end of this year and expand our business by partnering with other startups as well. Also, we are preparing to foray into the skincare Ayurvedic product range. Apart from this, we intend to hire the right talents for our brand in multiple positions to strengthen the team capacity.

Shriyans Bhandari | CEO & Co-Founder, Greensole

Shriyans Bhandari | CEO & Co-Founder, Greensole

In 2022, we aspire to work towards making a mainstream retail brand. Retail is overall a tough market to crack because it’s highly competitive. A lot of different elements go into it like specialized skills, marketing, and coordinating. We believe that in 2022, we will pull it off and come up as a strong, sustainable, and vegan brand with a large customer base. We hope people resonate with our social work.

Kunal Patil | CEO & Co-Founder, WorkIndia

Kunal Patil | CEO & Co-Founder, WorkIndia

WorkIndia plans to reach out to the next billion Indians and change the way they hire and get hired fundamentally. The goal gains are much more important in light of job losses because of covid. We are committed to scaling up while improving the user experience and introducing technology in the day-to-day hiring operations. WorkIndia is committed to providing a meaningful livelihood to the entire Blue-Collar workforce in India through technology. In terms of business, we are expecting better growth this year to reach our goal of becoming a $20mn Annual Revenue Run Rate company.

Akshay Puljal | CEO, Quikish

Akshay Puljal | CEO, Quikish

We, of course, want to increase our market share. We can only achieve this by giving something to our consumers. And what we want to give them is time. Simplifying, putting sumptuous and healthy meals on the table in a fraction of the time it conventionally takes, is how we can achieve that. We also want to cater to consumers with dietary restrictions due to health reasons or by choice. Not every brand takes them into account as it’s a very small percentage but Quikish sees no reason to not deliver the promise of quick meals to them too. We have a couple of vegan dishes now and we aim to expand the range significantly this year. While we do have 65+ products currently on our menu, we do want to explore new horizons and cuisines with our dishes. We are aiming to have 120+ products on our catalogue by the end of 2022.

Shilpa Rathi | Founder, I Am Love

Shilpa Rathi | Founder, I AM Love

2022 is a very exciting year for our brand. We are now trying to get our sales up. Our consumers are believing in our product and are sharing their feedback about their success and progress with us. we are looking forward to 2022 so that we can establish our brand better as a skincare brand where you take care of the problem from within. We don’t only want to reach out to consumers of general skincare like ‘Get a glowing skin’ or ‘Get better skin’ but specific skincare concerns like ‘Could you give me a solution for this new spot that I’ve developed?’. We want to become the one-stop-shop for all specific skincare concerns that you might have – I Am Love will be the destination. We are looking at developing and formulating products that target specific healthcare concerns which haven’t been paid head to in the market.

Farooq Adam | Co-Founder, Fynd

Farooq Adam | Co-Founder, Fynd

We have big things planned for 2022 and we have already started rolling out new products & processes to make our plans a successful reality.

Here is a look at what we plan to do in 2022:
- Entering the electronic industry with more marketplace integration on Fynd Omnichannel – Flipkart, Tata Cliq, and Amazon in 2021
- Fynd Store enabled the “order online & pick up at store” feature.
- A new level of personalization – the Fynd store will allow brands to view an individual customer’s past purchases and interests. A brilliant chance for stores to personalize the customer experience and suggest relevant products that the customer loves.
- Hyperlocal deliveries, to get products to the customer within hours.
- Adding trell and Magicpin to Fyndl’s omnichannel marketplace integrations.
- International shipment support with DHL & Aramex.
- Fynd marketplace is gearing up to list 100+ brands & thrice the inventory in the coming months.
- Launch of a scalable image enhancement & editing tool, upscale.media.
- Launch of Boltic, our no-code big data processing tool to connect, build and automate workflows. Easy to start, easier to use with no dependency on technical expertise.
Abhishek Nehru & Santosh Dabke | Co-founders, Ripplr

Abhishek Nehru & Santosh Dabke | Co-founders, Ripplr

Our target is to expand our distribution network to 100 cities/towns in 2022. The entire blue print is already ready for execution and we have started on a very positive note in January, 2022. We are in the process of strengthening out platform which will be offering to a the sub-distributors across these 100 cities. Our platform Ripplr will be 1st of its kind UBER experience for the distribution fraternity easing out the complexities of managing the day to day operations.

Rasesh Seth | Founder, Nextyn

Rasesh Seth | Founder, Nextyn

At Nextyn, we’ve been successful at building a world class team based out of India, servicing clients in over 20 countries. Having breached the $1 Mn revenue mark being completely bootstrapped, we aim to expand our geographical presence to the UK, USA and Singapore in 2022.

We would launch subsidiaries in these countries, acting as our sales and client management offices, with the core operations still being based out of India.

We also aim to strengthen our technological foothold, making our currently ML algorithm more accurate and increase our panel of experts to give our clients a more diverse, global knowledge base.

Conclusion

A business is all about achieving the goals that it has set. The above entrepreneurs have already set the targets and with their immense hard work and patience, hopefully, they’ll be able to achieve all of them.
February 1, 2022
Milestones Every Entrepreneur Should be Thriving for Success of Their Startups

Milestones are a great way to keep track of what you’ve accomplished in your life. And, when it comes to your startup, you should be aware of the milestones that are required and those that have the most impact on your company. Achieving a goal is always a great feeling, and it’s especially crucial for startups since it propels the company to the next level of success.

Milestones are like stepping stones to a successful business, and it’s critical to create proper milestones to keep track of your startup’s progress and keep it on the correct track. Following are some meaningful milestones you should be focusing on hitting if you want to have a successful startup.

Milestones for a Successful Startups
1. Creating a Proper Business Model
2. Set up a Business Bank Account
3. Launching a Website
4. Hiring Important People For Your Business
5. Make a Functioning Prototype
6. Collecting and Reviewing Feedback
7. Official Product Launch
8. Signing Up of New Paying Customers
9. Have An Excellent Customer Service
10. Growth Of The Customer Base
Conclusion
FAQs

Secrets for Startup Success

Milestones for a Successful Startups

1. Creating a Proper Business Model

Proper Business Model – Startup Milestones

It is one of the most important objectives that a startup should strive for. The model should be simple to comprehend, but it must also grow through time and include all of the aspects that changing time necessitates. The business model should tell everything about the project and explain to the investor about the working of the business.

2. Set up a Business Bank Account

One should always separate their personal and business accounts. It is usually the most intimidating thing in the world when you are starting a new business. And you’ll need two separate accounts for your personal and business assets to keep everything in order.

3. Launching a Website

When you build a business website, it becomes official, and the majority of people will learn about it. If your company does not have an online presence in current times, it will most likely suffer. Launching a website for your company will boost its legitimacy and make it more accessible to customers.

4. Hiring Important People For Your Business

Bringing the proper people on board assures that they will grow with you, boosting your company’s overall success and decreasing the need to hire for any new leadership role that arises down the road. When the right people are doing the right jobs, the efficiency sky rockets and is ultimately good for the company.

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5. Make a Functioning Prototype

The creation of the first ever working prototype is the next milestone. This is how companies begin by developing their initial product. The prototype leads to the finished product, and the finished product leads to customers, which leads to profit.

6. Collecting and Reviewing Feedback

Collecting feedback throughout the introduction of prototypes and minimum viable products will save you time and money in the long run by revealing the product’s market position and future possibilities. Take your time collecting data and reviewing feedback, since this will assist you in creating the ideal product to meet demand.

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7. Official Product Launch

For a startup, nothing is more stressful than the first product launch. The first ever launch decides the new reputation of the company amongst the customers and whether it will be valued in the market or not.

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8. Signing Up of New Paying Customers

Your company will begin to receive paying customers after formally introducing the new product, and this is the best moment for the startup to keep the customers hooked and keep them coming back. Once the product is published, a small number of new consumers will try it out, and if they enjoy it, they will recommend it to others, resulting in a pool of devoted customers.

9. Have An Excellent Customer Service

If the product is good but the customer service is poor, the total quality of the experience will suffer, the product’s market value will fall, and customers may begin to migrate to a company with superior customer service. Invest in it and hire people who are qualified for the job. A company’s image, especially that of a startup, can be made or broken by its customer service.

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10. Growth Of The Customer Base

Keep track of customer growth and the amount of new customers you obtain daily and monthly once the business is up and running and the initial product sales are happening. This will aid in the general expansion of the company and its consumer base. A large customer base equals more earnings and more individuals using and promoting your product. Make a daily and monthly goal for yourself so that you always have something to strive for. This will aid in the improvement of profit strategies and the efficiency of work.

Conclusion

You achieve a new milestone with every new sale or product you create. However, there are some milestones that are far too essential to overlook, and you should keep track of them to ensure that you are running your business correctly. Milestones keep you on track for your goals, and striving for them will make your work more efficient, and when you achieve them, you’ll feel more productive and optimistic about your business.

Different business milestones have different effects on the company but the ultimate goal is to earn money and expand the business. Keeping track of records and recruiting the correct personnel for the job will aid in growth and help you reach your milestones faster. However, the most important thing is to not only maintain track of the business, but also to look after yourself and the people who are helping you reach your goals.

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FAQs

What makes a startup successful?

The characteristics that propel a startup to success are proper workplace culture, vision, and teamwork.

What is the most important thing an entrepreneur should do before starting a business?

According to experts, analyzing rivals, examining the legal elements of your sector, evaluating your income and expenses, being practical about the risk involved, understanding timing, and hiring aid are all good first steps in beginning a business.

What is a milestone in entrepreneurship?

Milestones are business goals that include dates and the individual or team accountable.

December 28, 2021
Sales Contest Ideas to Stimulate your Team and Increase your Sales Simultaneously
Sales are the most important aspect of a business. They serve as the primary or sometimes even a sole revenue generator for businesses. Carrying such a significance, it becomes essential to take care of the process of sales and the people involved in it. The enthusiasm and the rapport of your team members play a crucial role in the success of your business. They needed to be motivated continuously.

Sales Contest activities prove to be a simple and great way to keep your team stirred up. Every person needs some reason or goal to move forward both in business and life. Developing a competitive environment through a sales contest can address that need and fuel the team towards achieving their business goals. Here are some of the best sales contest ideas that can help you maintain the team’s morale and boost your sales.

10 Sales Contest Ideas to Motivate your Team
Conclusion
FAQs

About Sales Contest ideas and Prizes

10 Sales Contest Ideas to Motivate your Team

Raffle Tickets

Whenever the salesperson or the team completes the task, a raffle ticket is offered to them. This process continues until a definite period say, a month or a quarter. At the end of a particular stint of time, whichever person holds the most number of raffle tickets will be awarded a worthy prize. This ensures the top salesperson is awarded and other raffle ticket holders to get recognized and encouraged for their efforts.

Time Rewards

Time rewards are one of the simplest and most effective forms of rewarding. In this, you can reward your team members for their accomplishments in terms of time, like offering a week-off or an early weekend, or a paid leave. This can also be made more attractive by allowing the salesperson to accumulate and use those benefits at the end of a sales cycle. This helps them to relax and boost up for the next cycle.

Customer Reviews

Customer Reviews is a great motivating factor for a salesperson

Customer Reviews are certainly a great motivating factor for a salesperson. The team member getting more positive reviews can be rewarded. You can address the negative reviews for team members to enhance and improve their performances. For this purpose, a survey or rating can be obtained from customers during sales. A recognition for more positive reviews not only motivates the concerned sales rep but also pushes others to attain that position.

Floating Awards

Floating awards can be in the form of a Trophy or a Momento. It is an idea where the award is given to a person or a team acknowledging their performance. The trophy will be displayed on the best performing team’s/member’s desk or room, as long as they top the sales table. When they slip down, the trophy will float to the new team or sales rep’s desk who then makes the highest sale. Creating prestigious fame to the award encourages the team to attain and retain it for a prolonged time.

Bracket Contest

Bracket Contest to increase sales

A bracket contest allows you to create a competitive environment between the team members. You can initiate a bracket with two team members and make them compete with each other. The person making the highest sale can be moved to the next bracket. This process can be continued until determining a winner. Such an ambitious environment stimulates the team to function more effectively.

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Sales Pitch Contest

Sales Pitch is an integral part of the sales job. Each person from the team has their ideas and unique ways of presenting sales pitches. You can encourage the team by making them present their sales pitch before everyone. This comes with two benefits. One, every member of the team can learn something from each other’s pitching. Two, the most indulging sales pitch can be rewarded before the team which might inspire others to work more.

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Favor Contest

This can be quite an interesting contest. If a sales rep from the team performs well, offer a ‘favor’ for them. An “I owe you” or “Ask me a favor” from a superior will make the team excited. This may even result in creating a competition among themselves to perform well. You can make a list of interesting options to be asked as a favor. Exciting the team with such contests will have a huge positive impact on their performance.

Scavenger Hunt

With time, the expertise of a salesperson grows in terms of selling particular products. This can be used to create a contest. Prepare a list of challenging items to be sold or tasks to be completed and make it a contest. Reward the team that completes the tasks first. This encourages the sales reps to accomplish the task by teaming up with other members and utilizing each other’s expert knowledge. Such Scavenger Hunt contests boost up their morale, increase team collaboration and hence increase your sales.

Appreciation

A sincere appreciation can invigorate the sales team’s performance to a great height. Appreciation is a simple act that can dig out the potential of the team members. Let your appreciation be unbiased and never let a member of the team go unnoticed. You can organize an appreciation meeting every week or month to recognize and reward the best-performing member. The team morale can also be raised by making the entire team bring some gifts or cards to appreciate the chosen member. It is important to make the entire team feel important.

Bingo Contest

Bingo has always been a good game. You can make it a part of sales contest programs. Create bingo boards with squares representing different sales, products, tasks, etc., for the team. They can make changes to the board after the completion of every task. The person who reaches the bingo first can be rewarded with some gifts. Mixing a game with the work can always maintain enthusiasm among the team members and stimulate them to perform well.

Conclusion

These are some of the best ideas available to keep your team intact. Ensure that no particular person is gaining an upper hand during this process. With proper implementation of these ideas and activities, you can improve your team’s potential and keep them stimulated in track for the marketing race.

FAQs

What are some good sales contest ideas to keep you sales team motivated?

Some of the best sales contest ideas to keep your Sales Team motivated are:
- Raffle Tickets
- Time Rewards
- Customer Reviews
- Floating Awards
- Bracket Contest
- Sales Pitch Contest
- Favor Contest
- Scavenger Hunt
- Appreciation
- Bingo Contest
What are some good sales incentives?

Some of the Sales Incentives to be given to winners of Sales contest are:
- Gift Cards
- Food Delivery Credit
- Subscription to a Streaming Service
- Tech Gadgets
- Subscription Boxes
December 8, 2021
Nestle, the Story Behind 150 Years of Food Industry dominance

Nestle, today is the world’s leading nutrition, health and wellness company which has long been considered a beacon of commercial stability. It has been ruling the food industry from the last 150 years. Nestle is a transnational food and drink company headquartered in Vevey, Switzerland being the largest food company in the world.

Nestle’s products include all the food items like baby food, medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks. 29 of Nestle’s brands have annual sales of over $1 billion, including Nespresso, Nescafe, Kit Kat, Smarties, Nesquik, Stouffer’s, Vittel, and Maggi.

Many of the efficient food and beverage companies are often considered as reliable, especially in times of surprise and financial unpredictability, times that 2016 frequently reproduced.

In 2015, it is thought that the company sold $90 billion worth of goods across almost 200 countries. Some estimate that out of every cup of coffee drunk in the world, Nestle’s iconic Nescafe can claim ownership to making one in five.

Nestle History
Growth of Nestle
Nestle Products
The Future Of Nestle
Nestle FAQs

Nestle History

Nestle was founded in 1905 by a merger of the Anglo-Swiss Milk Company, established in 1866 by brothers George and Charles Page, and Farine Lactee Henri Nestle, founded by Henri Nestle. The company grew significantly during the First World War and again in the Second World War, expanding its offerings beyond its early condensed milk and infant formula products.

Word of Nestle’s success spreads rapidly, and through determination, commitment, and a pioneering spirit he builds a thriving business. His innovation is the model for all those that follow throughout Nestle’s 150 years, which show the company’s skill in meeting and anticipating consumers’ changing needs.

Currently, the world consumes more than one billion servings of Nestle products per day. The company operates in around more than 197 countries and employs almost 340,000 people. Nestle still embraces its values, the famous Nest logo, and its headquarters in the city.

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Growth of Nestle

Nestle’s story had begun in 1866, with the foundation of the Anglo-Swiss Condensed Milk Company, which launched Europe’s first condensed milk. This was another important product in the era which was before refrigeration when fresh milk used to spoil easily in transit. In 1905, the Anglo-Swiss merged with Nestle’s company to form the Nestle & Anglo-Swiss Milk Company.

The company’s early success was due to its investment in science-based products and modern factories were efficient. Railways and steamships gave Nestle & Anglo-Swiss access to new urban markets worldwide, and it made savvy use of modern advertising media like newspapers, magazines, billboards to educate people on product benefits. Namely, nutrition, quality, safety, affordability, and taste.

One other benefit that Nestle products have always offered is convenience and the sense of reliance too, and this became especially important after World War 2, when more women entered the workplace, and people demanded foods that were easy to prepare.

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By the period of 1938, people enjoyed Nescafe and started their day with it, the world’s first great-tasting instant coffee, simply by adding hot water. By 1948, they could enjoy a product called Nesquik, a cocoa-based powder that dissolves easily in cold milk. And by 1957, they could finish the day with Maggi pasta ‘ready meals’ in cans, which were hugely successful.

Nestle products

Nestle products

Even before Nestle, Cans were in the market, but nutritious meals in cans weren’t, and this quickly became a step of growth segment for Nestle. Such food product had a long life, they were easy to heat then eat, and one could even enjoy them cold. Cans were also simple to transport so that anyone could consume them on a camping trip, for instance, along with the cup of Nescafe.

The time raced to the 1960s, one could even enjoy the convenience of Nestle frozen foods and ice creams, which the company entered as domestic fridges and freezers grew in popularity. In 1986 Nestle went one step further by creating its own breakthrough Nespresso system, which evolved the conventional way people experienced premium coffee.

Nespresso is another Nestle innovation that enhances people’s quality of life, every day, every place. There’s a special emotion associated strongly with chocolate, which brings a smile on the people’s faces. Nestle first entered this business in 1904 when it took on export sales for Peter & Kohler, later adding brands such as Cailler and KitKat.

Nestle Food Industry

The future of Nestle

Now Nestle business has expanded to beverages, waters, dairy, confectionery, pet care, even skincare. In 2011, it extended its leadership in Nutrition, Health and Wellness by creating Nestle Health Science, to develop nutritional healthcare products that target optimal brain health.

Such innovations will help Nestle address the global challenges of malnutrition, growing and aging populations, and obesity. This same passion for nutrition triggers a commitment to improve products by reducing salt, sugar and saturated fats, and fortify them with vitamins, minerals, vegetables, and whole grains.

Wrap Up

Nestle 150 years

As Nestle’ celebrates 150 years, the company has stuck to its conviction that to prosper in the long-term, it must create value for shareholders, the communities where it operates, and wider society. The tag line of Good Food, Good Life stands true for the consumers.

Nestle FAQs

When was Nestle founded?

Nestle was founded in 1866. Nestle was founded by a merger of the Anglo-Swiss Milk Company and Farine Lactee Henri Nestle.

Who Founded Nestle ?

Nestle was formed by a merge of the Anglo-Swiss Milk Company (founded by brothers George and Charles Page) and Farine Lactee Henri Nestle (founded by Henri Nestle).

What products are Nestle?

Nestle products include Beverages, Cereals, Chocolate, confectionery, baked goods, Frozen food, Healthcare nutrition, Instant foods, baby food, medical food, bottled water, breakfast cereals, coffee, and tea, dairy products, ice cream, pet foods, snacks, and a lot more.

What are Nestle subsidiaries?

Nespresso, Nescafe, Kit Kat, Smarties, Nesquik, Stouffer’s, Garden Gourmet, Gerber Products Company, Vittel, and Maggi are some of the Nestle subsidiaries.

April 7, 2021