StartupTalky

Tag: business mentors

  • Top 7 Tips for Becoming a Successful Student Entrepreneur

    The world’s biggest names share more than just a few enviable accomplishments. Be it Mark Zuckerberg, Larry Page, Sergey Brin, or Bill Gates. They all are billionaires who made their fortune in the technology industry, and they all were students when they started their businesses. They are living proof that you don’t need to be a graduate to start your own business.

    In some cases, you don’t even need to complete your graduation especially if you are taking the examples of Bill Gates and Mark Zuckerberg. Some tips for becoming a successful student entrepreneur must be known before you start a business.

    However, before contemplating becoming a successful student entrepreneur you should have a plan. Like any other venture you undertake, planning is a must. In this article, we will talk about some tips that you should follow to become a successful student entrepreneur. So let’s get started.

    Interest Level of Students in Entrepreneurship
    Interest Level of Students in Entrepreneurship

    Pay Attention to the Advice of the Mentor
    Analyse Your Own Abilities and Disabilities
    Find Business Ideas That Suit You
    Test Your Idea
    Research Your Competitors
    Search for a Suitable Mentor
    Use Your Status as a Student for Leverage

    Pay Attention to the Advice of the Mentor

    When still in college pay attention as well as make the most of your time with your educators. While colleges have the duty to connect students to mentors, offer real-life experiences, and send employable graduates into the workforce. Students have the duty of making sure that they get the most out of their college investment as after college these mentors or experts are called consultants and will charge for the same information.

    Analyse Your Own Abilities and Disabilities

    Don’t rely solely on the entrepreneurship classes make your own evaluation regarding your skills knowledge and the goals you want to achieve. Rather than relying primarily on classes or in-house competition, good entrepreneurship programs give leverage to local entrepreneurship communities for an internship, workshops and speaker events. The more you will know about your abilities and disabilities the better you’ll be able to manoeuvre yourself.

    Find Business Ideas That Suit You

    Research the market thoroughly for the business ideas which will suit you best. Your idea doesn’t have to be a million-dollar idea to start with. Let’s say it’s an application that links the customer’s credit card and allows them to get grilled pizza delivered to their hotel rooms or pay for guest accommodation with the click of a button.

    Test Your Idea

    The main mistake that new entrepreneurs make is putting a lot of time and money into ideas that are bound to fail. One of the reasons this happens with entrepreneurs is that they work and exist in isolation once they set up their businesses. Favourably you are still in college, surrounded by smart people whom you could ask for suggestions. If your business idea is fairly inexpensive you can make a rough scaled-down version of it and test it out.

    Research Your Competitors

    Your competitors are your biggest teachers. Look around you, have knowledge of your competitors and also keep an eye on them. You can add features to your product or services that your competitors do not have and make them unique. This way you will get more leverage for your product or service and it is the strategy that is generally used by any competitor’s company.

    Search for a Suitable Mentor

    One of the most important and valuable assets an entrepreneur can have at any given age is a business mentor. A business mentor is a person who has functional knowledge and who is ready to offer advice, guidance, lesson and support to run your business and help speed up your success. Find a mentor who can do all the above things and help you out by providing suggestions at necessary times.

    Use Your Status as a Student for Leverage

    Finally, use your status as a student who is starting something cool to get tons of leverage and publicity. Start out by approaching your local radio station and newspaper, and your own community of students. You can use the internet and social media also in many ways for the promotion of your business. Remember, it is always better to start with your dream instead of sitting idle in fear of its failure.

    Conclusion

    More than 80% of students interested in starting their own businesses do not have the experience or the knowledge to do so. If you think of joining entrepreneurship classes, they teach an orthodox lesson “make it work the first time or it’s not for you”. Contests and classes generate a feeling that the first venture of the students is the one and only chance to prove themselves as an entrepreneur. However, students should learn to plan, apply, fail, and repeat the process again till they get successful.

    FAQs

    What are the entrepreneurship tips for becoming a successful entrepreneur?

    Some of the tips to becoming a successful entrepreneur are:

    • Have a solid business plan.
    • Prepare for financial challenges.
    • Be frugal – remember you’re a start-up.
    • Don’t be afraid to ask for help.
    • Put your faith in a trusted mentor.
    • Marketing on a shoestring budget.
    • Look after number one.
    • Build a team that shares your vision.

    What made entrepreneurs successful?

    Passion, resourcefulness, willingness to improvise, listening to others, and strong determination to succeed are what make an entrepreneur successful.

    What are some business ideas for youngsters in India?

    Some business ideas for youngsters in India:

    • Social Impact Investment Funds.
    • Cheap Home Solar Energy Setup Company.
    • Community Generator/ Energy Supply Control.
    • Internet infrastructure Building Company.
    • India Culture E-Commerce Niche Store.
    • Warehouse/ Inventory Management for E-Commerce.

  • 9 Ways to Find A Perfect Startup Mentor to Grow Your Business

    Entrepreneurs having big visions and dreams are looking for ways to make them happen but don’t know how to do it. For successfully running a startup, an entrepreneur needs a positive mindset and a huge responsibility. However, the major problem of every entrepreneur is that they are inexperienced when they start a business. And it is found that 90% of Indian startups fail within the first 5 years, mostly because of inexperienced founders. There is only one way to overcome inexperience quickly and that is by engaging in an advisor program or mentorship.

    Startup mentors are extremely critical but how do you go finding them. Do not look for a mentor but mentors who are experts in different fields. Cause a single mentor cannot solve all of your problems. You’ll need one mentor for handling finance, one for personal guidance, one for startups and so on.

    Now the question comes – There are many business mentors in India but how can you find the right mentor for your startup in India? So, I have prepared a list of places where you can find a mentor but before that let me tell you the key traits of a perfect business or startup mentor.

    Key Traits of a Perfect Mentor
    How to Find a Perfect Mentor for Your Startup or Business?

    Key Traits of a Perfect Mentor

    Mentorship is an important factor that shows the way for startups to reach heights. A perfect mentor provides tried and tested ideas, fills your knowledge gap, and helps to reach your goals with less stress.

    There are so many important factors to the success of a business. It includes the cohesive force of your employees, the timing of the company, the strength of the idea, the cumulative experience of the team, the entrepreneurial experience of the person in charge, etc. Startup mentors help to maintain focus on business problems. Also, they provide alternative solutions to the problems.

    Given below are some of the important traits of a perfect startup mentor.

    1. Problem Solver

    Entrepreneurs face so many problems while starting a business. So it is important to find a business mentor who could provide a solution to your problem besides being able to reduce the pool of difficulties. A mentor can help an entrepreneur to create a better business by overcoming the barriers. They help you to understand the different possible pain points of the startup.

    2. Knowledgeable

    A perfect mentor must be aware of the industry to which the startup belongs. An entrepreneur can overcome all difficulties if they have a mentor who gives advice and generic ideas. So getting a mentor from the same industry is more suitable. They can help you to learn the different nature of the market, the complexities of the business, the processes, and the novelty.

    3. Strong Networking

    A good mentor should succeed in maintaining a strong network of appropriate people in the startup ecosystem. Being a mentor with good connections in the industry gives you the ability to work without interruption. For example, investors are more likely to invest in your startup if their inner circle of network mentions them. A smart mentor helps you to get customer trials, potential investors and customers, strategic engagements, etc.

    4. Entrepreneurship

    A mentor, who has gone through the same processes of creating a startup and leading it to success, knows all the entrepreneurial activities required. They are validating your startup idea and leading the company into profitability. A mentor with an entrepreneurial background can help you to avoid barriers and identify all the possible options to prevent the problems.

    The Ultimate Guide To Find The Right Business Mentor | Startup Mentor
    In this current century, research has shown that the most powerful weapon in
    making a successful business is having a good mentor for your business. Finding
    the right mentor can sometimes be difficult, especially for new entrepreneurs,
    if they are trying to do it alone. No matter how resourceful an …
    StartupTalkyPiyush Mishra

    How to Find a Perfect Mentor for Your Startup or Business?

    Finding the right startup mentor is hard, but not impossible. A right mentor is a fundamental factor for having a successful startup. As an entrepreneur, mentorship is an important resource for growth. Some of the places for finding a perfect mentor are given below.

    Social Media platforms

    Social media is another good platform for finding perfect mentors for your startup. You can search for mentors through professional platforms like LinkedIn and public platforms like Twitter. There you can find professionals according to your requirements by using keywords for searching.

    A good alternative to LinkedIn is the Intch app, where you can post your request to find a mentor and AI will match you with the right person. The Intch community mostly consists of startup founders, so it’s easy to discuss your idea, get advice and find first clients here.

    One can determine the reputation of a person and their willingness to talk with others by monitoring the engagement level and followers. Firstly, get to know your hoped-for mentor instead of going with an outright request. Also, try to offer something of value to start the relationship.

    Online Mentorship Networks

    There are so many online programs dedicated to pairing potential mentors with professionals. MentorKart is an online mentorship network that connects the mentors and mentees who look for professional guidance. With typically a small or no cost, you can sign up and find upcoming advisors in your area of ​​expertise. Also, you can chat with them or meet in person to start a partnership.

    Small Business Development Centers

    Small Business Development Centers are independent organizations that offer advice, expertise, and resources for emerging entrepreneurs across the country. You can find free consultation from small business development centers by using state and local government funds, Small Business Administration federal funds, and resources from the private sector.

    Volunteer Events

    Volunteer events are another good place for meeting people. You can meet like-minded professionals. They may be looking for ways to use their knowledge and experience. You can use the online platform named Volunteer Match to get volunteering opportunities in your city. You can find opportunities as per your interests. Attending these volunteer events helps you build contacts in the industry.

    Industry Meetups

    Industry meetups are the best place for finding mentorship in a specific industry sector. These events include networking events, conferences, speaking events, informal meetups, and trade shows. It can be advertised through meetups or classified ads.

    Score

    SCORE is an organization that works for helping individuals begin, run and grow their own businesses. Currently, there are more than 11,000 volunteers included in the program along with 320 chapters across the country. An entrepreneur can request a free face-to-face meeting with a mentor to discuss the business idea and also be able to create a more lasting partnership with them.

    Social Media platforms

    Social media is another good platform for finding perfect mentors for your startup. You can search for mentors through professional platforms like LinkedIn and public platforms like Twitter. There you can find professionals according to your requirements by using keywords for searching.

    One can determine the reputation of a person and their willingness to talk with others by monitoring the engagement level and followers. Firstly, get to know your hoped-for mentor instead of going with an outright request. Also, try to offer something of value to start the relationship.

    Fitness Classes & Groups

    Business-minded people usually like to spend their time hitting the gym to relieve stress and maintain health. You can frequently find them in fitness-related groups and fitness classes. This could be a good platform to connect with people, get to know them and their businesses. Who knows, maybe you will end up finding a perfect mentor for your startup.

    Networking Events

    Networking events are designed to make connections by bringing together groups of professionals. Try to talk to as many people as you can through these events and don’t be too direct with your goals. Business leaders look for new contacts as they can be prospective partners, employees, or clients in the future. They attend these networking events to meet professionals in many various fields and expand their personal network.

    Friends and Family

    It is inevitable to say that you can find a perfect startup mentor only at the above-mentioned places. You could potentially find them anywhere and anytime. Talk to people, your acquaintances, family, friends, or even strangers. You never know who could help you to choose the right path. Maybe the people are present in your surrounding but you’re looking somewhere else for them.

    How Startups and Entrepreneurs can benefit from Amazon Mentor Programme
    Amazon.com Inc is an American based multinational technology company. It was
    founded in the year 1994. The company is located in Washington. It focuses on
    e-commerce, cloud computing, artificial intelligence and digital streaming. It
    is one of the big five companies in the U.S IT industry. Amazon i…
    StartupTalkyAlan Joseph

    Conclusion

    We all want to lean on somebody, someone who can guide us shows us the right path when we are unable to see it clearly, help us grow, and be a torchbearer for our business or career or life for that matter.

    People are lucky who have mentors in their life, a person who constantly pushes them when they are distracted shows them the light when they’re in dark, and always remain by their side.

    Be it business or career or life, having the right mentor is very much helpful to sustain in this competitive world. A mentor is an experienced person and wise enough to calculate the risk while taking decisions.

    FAQ

    How to find a business mentor?

    Find a mentor match on Ten Thousand Coffees, Meet experienced entrepreneurs at Meetups, Hop on a Clarity call, Ask around in forums and online communities, Connect with potential mentors on LinkedIn, and Form a Mastermind Group.

    Who are some of the best business mentors in india?

    Gururaja, Vijay Johar, Anand G Pai, and Dr Hemalatha. J.N are some of the leading business mentors in India.

    How much should you pay a mentor?

    Sessions (virtual, telephone, or in-person if the expert agrees) start at $50 an hour, though a quick look at the site tells us that many folks charge more than $100 an hour.

    Is a business mentor worth it?

    The long-term cost of not finding a good mentor far outweighs any short-term costs. Mentors can help you to become the best possible version of yourself. They can also guide you through difficult patches when you’re struggling to make decisions or lacking the experience to know in which direction to take your company.

    Who is a good mentor?

    A good mentor is someone who can guide you when you deviate from your path. They take in what’s happening, assess the path the mentee is on, and then guide the person onto the right track. Mentoring is as much about counseling as it is transferring knowledge and leadership skills.

  • What to Look for in a Startup Mentor?

    This article is contributed by multiple Startup founders from different fields.

    The journey of entrepreneurship is long and tiring, somehow or the other you may find a need to look for a mentor, who can play a vital role in the success of your business. They will help you in facing the different challenges, that will come forward in the entire process.  There are many successful entrepreneurs who actually mentor aspiring entrepreneurs but not everyone can be your mentor. So while looking for one, entrepreneurs must understand what they actually need.

    In this article, we will find out what to look for in a startup mentor. Some of the successful entrepreneurs shared their views on this topic. Let’s take a look.

    Manav Shah  | Founder, Eduvacancy

    I would personally tell everyone who is looking for a mentor to network. Keep networking and building your connections. On the contrary, I would recommend young individuals to start building their connections from a very early age. The thing with networking is that you never really know who you would end up meeting. I would advise all young entrepreneurs to keep exploring and meeting different people from all walks of life. Not necessary you will find your mentor from the same industry or similar surroundings.

    Besides networking entrepreneurs should look for individuals who love taking up challenging tasks and overcoming those challenges. When you are picking your mentor also try evaluating what leadership skills you want to set in your organization. Accordingly, find a mentor who has been successful in creating a similar leadership skill set in their lives. Another suggestion I would like to give is to find a mentor who helps you build your network. Therefore in all when someone is looking for a mentor they need to evaluate how the mentor will advance their overall career.

    Kunal Ahirwar | CEO & Co-Founder, Earnvestt Technologies

    The most important quality in any mentor is availability and desire to help. I would recommend that anyone looking for mentorship needs to find people that invest in their growth journey both personally and professionally.

    Utkarsh Gupta | Managing Director, Ramagya Mart

    A mentor is not someone who has experiences and degrees medaled on their profile, or how much engagement or following they have on social media. For me, a mentor is someone that I can speak to for direction and decision-making when fear, uncertainty, and doubt looms.
    If you are looking for a mentor, do not start by keeping the cost of engagement in mind because ‘the best from the rest’ does not come cheap. What you should look for are:

    • How well your mentor understands your need and how well he summarizes it; it means they heard you well.
    • Look for energy, positivity, and the spark that clicks a chord with you. These are effects that bring positivity to an equation.
    • Pick a mentor who shares your values and ethics of business and a similar understanding of business success.

    Neha Indoria | Co-Founder, Boingg!

    You need to ask 4 questions when looking at someone to be your mentor :

    • Do you trust this person?
    • Will they be accessible to you?
    • Do they bring a new perspective to the table?
    • Are they addressing a specific gap with their knowledge?

    Pallavi Utagi | Founder & Mom-in Chief, SuperBottoms

    • Have mentors across age groups and walks of life.
    • Communicate clearly that you are seeking mentorship. Sometimes people
      tend to idolise someone from a distance and don’t muster the courage to let
      the person knows that they are seeking mentorship.
    • Have a professional mentor, who is outside of your organisation for
      complete objectivity.

    Ritesh Ujjwal | CEO & Co-Founder, Kofluence

    I feel, in the Indian context, mentorship is still largely under leveraged which may be due to cultural reasons. I would strongly recommend for everyone to seek mentors from their immediate circle or extended circle, to begin with if you’ve not yet got one. Once, you’ve been nurtured by the initial set of mentors during the initial part of your career, then you should up the game by seeking mentors who have gone through the journey earlier.

    Conclusion

    While looking for the ideal mentor for you and your business, you need to first decipher what you qualities you actually need in your mentor, then only you can find the perfect one for yourself. Amidst thousands of people, they will not only help you in developing your skills but also provide the support and confidence, when you need some.

  • When Should you Look for a Startup Mentor?

    This article is contributed by multiple Startup founders from different fields.

    The journey of an entrepreneur is filled with excitement, hard work, and a great lot of patience. In this journey, while building up your dream from the scratch, can sometimes feel exhausting. At this point, you need someone who you can look up to when there is a necessity. Those people not only have more experience than you, but they will also advise you and teach you new strategies and tactics to handle your business. These are the people who will give you ideas regarding your current situation and they are called Mentors.

    In this article, we will find out, when an aspiring entrepreneur should look for a mentor. Some of the successful entrepreneurs presented their take on this topic. Let’s take a look.

    Manav Shah  | Founder, Eduvacancy

    For me, a mentor is someone who I can look up to as a role model. I wanted to always find a mentor with whom I could discuss, share and debate about the obstacles, I am facing in my startup. When I started building Eduvacancy, I realized in the preliminary months that I needed a role model or mentor to guide me and prepare me for the various difficult decisions I’d have to make. When we began working on building the platform and implementation of the technical aspects, I thought of finding an ideal mentor who would be a strong guiding force and pillar of strength for me. Therefore, before I began full-fledged platform operations, I felt the need of finding the right mentor who would guide, hear and teach me to sail through the difficult phases of building a startup.

    Kunal Ahirwar | CEO & Co-Founder, Earnvestt Technologies

    Mentorship is an integral part of the entrepreneurial community. For the Earnvestt team, the biggest reason we needed mentors was when we were running our first beta test and we were not getting sufficient sign-ups from the users that we had personally spoken to, which indicated that our product and user flow was not good enough.

    Neha Indoria | Co-Founder, Boingg!

    It was an organic process that originated from us trying to find answers to problems that presented themselves as we tried to navigate the process of setting up a business by ourselves. Some advise seemed needless and, in some cases, the insights made us re-think our strategy entirely, and slowly we were able to identify the areas in which we will need continued guidance.

    Utkarsh Gupta | Managing Director, Ramagya Mart

    When I was pondering over a business idea, which finally culminated in the formation of Ramagya Mart, I wasn’t very sure if I should rely on the mentoring acumen prevalent in abundance in my family, or should I seek professional mentoring. As destiny would have it, I was at this crucial stage when I decided to look for a mentor who could professionally guide and personally navigate me to take the right direction.

    Pallavi Utagi | Founder & Mom-in Chief, SuperBottoms

    There was never a defining moment in my life when I felt like I needed a mentor.
    It just happened organically through inspiring people who came into my life
    through my student and professional life. No one really wakes one day and
    says, ‘hey, I need a mentor’. You just feel the impact and connection with someone
    and reach out to them from time to time.

    Ritesh Ujjwal | CEO & Co-Founder, Kofluence

    As Sir Isaac Newton famously said in his 1675 letter, “If I have seen further, it is by
    standing on the shoulders of Giants”, in my opinion, most of us need guidance for clarity of thoughts/ directions through individuals who have chartered similar paths earlier or for a fresh perspective. Thankfully, I realized the value of mentors right during my engineering days and I was fortunate enough to be able to find amazing folks across academic, industry leaders as well as a couple of batchmates in front of whom I could be absolutely transparent and leverage their insights. I have been continuing the same ever since and the ‘mentors’ circle has expanded with amazing new folks from different spectrums of life especially during the last 3 years of building Kofluence.

    Conclusion

    The need for a mentor can arise anytime. Maybe, at a time when just an idea for a startup is peeking inside your head or in the middle of launching a new product for your startup. You should definitely go for a mentor whenever you feel for one.

  • How to Make 2023 Your Most Successful Year in Business?

    A new year means a fresh start. Although this common expression isn’t totally accurate, the end of the year indeed urges us to reflect on what worked and what didn’t in order to make objectives for the coming year.

    You’ve probably observed that nothing happens if you don’t do anything. Take significant action, put in the effort to get the outcomes you desire, and things will begin to happen. You must put forth the effort to get the desired results. There’s no getting around it.

    The new year is an opportunity to rewrite the rules and quit settling for less in your business. It’s an opportunity to cast a new strategic vision than in the past, resulting in more success and progress in your business and your life.

    So, if you’re still unsure about the year 2023, here are a few things to consider so that you may boss up and have a fantastic 2023.

    Things to Consider in 2023 to make it a Successful Year

    Approach Mentors and Coaches
    Take Care of Yourself
    Set Realistic Goals
    Improve your Leadership Skills
    Learn New Skills
    Work Smarter
    Start Networking
    Conclusion
    FAQs

    Tips to help you make 2022 your most successful year

    Approach Mentors and Coaches

    Planning and coaching are a successful mix for achieving your objectives in the new year. All entrepreneurs want mentors who can advise them and provide them with the necessary skills to succeed. If you don’t have folks like this yet, start looking this year; if you do, make an effort to maintain regular and meaningful touch with them.

    Remember that a mentor can help you with everything from providing you sound advice to connecting you with industry insiders. A good real estate coach will work with you or your team to identify strengths, develop a strategic strategy, and overcome obstacles while staying on course. You’ll get the help you need to keep on track and reach your full potential.

    Take Care of Yourself

    If you’ve only recently launched your business, you’ve most likely overworked yourself. Try to improve your food and sleeping habits, as well as exercise and meditate every day in the coming year. Keep in mind that your health has an impact on your performance and that ignoring it can lead to long-term physical and emotional suffering. It’s no secret that many small-business owners work long hours. But how can you operate a company effectively if you’re exhausted and worn out? You, your organisation, and your personal life are all at risk of burnout. You must be in good mental, physical, and emotional health. Make sure you’re running your business in a healthy manner. We all have different limitations to how much we can work and different ways of dealing with stress.

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    Set Realistic Goals

    Set realistic goals to make new year successful
    Set realistic goals to make new year successful

    Trying to jam far too much into the year is among the easiest methods to have a bad year. Setting ten realistic goals for a year and achieving all of them is much better than setting 20 goals, busting a gut all year and only achieving half of them.

    But on the flip side, you don’t want to be overly cautious either. A year is a long time, and it’s perfectly possible to achieve many of your hopes, dreams and ambitions in that time.

    List the strategies you will implement to reach your goals. To make this easier, break down these steps into small tasks and give deadlines for each one. By making the tasks smaller, they become less daunting and more achievable. And by giving yourself deadlines for each task, you make the action steps easier to organise.

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    Improve your Leadership Skills

    Even the most seasoned entrepreneurs have been rocked by the economic crisis’s entrepreneurial tribulations. You may be doubting everything in your professional and personal lives, including your ability to lead effectively.

    One of the most challenging problems that entrepreneurs face is being a good leader. Gathering support when morale is down, creating an environment that fosters creativity, delegating work, and thinking outside the box, and never losing sight of where you want your firm to go are all instances of this. With so many different leadership styles to select from, the leadership style you choose will have an influence on the culture and ability of your business to thrive. Communication has been a hot issue in recent months, and it will continue to be one of every leader’s most important tools in the next year. You’ll be shocked how far you can go with good leadership.

    Learn New Skills

    The finest leaders are noted for their ability to learn quickly. If you prepare yourself to advance in your career, anyone can succeed. You can never have enough information or abilities, and even if you do, you must continue to hone them in order to manage a successful business.

    It doesn’t have to be a time-consuming skill, and it doesn’t have to be something complicated like learning a new programming language. You can begin by learning skills that will aid your organisation, such as communication, data analysis, leadership, and business management.

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    Work Smarter

    work smarter to make new year successful
    work smarter to make new year successful

    Entrepreneurship is all about putting in long hours. If you’ve struggled to meet your objectives, you’ve probably heard someone tell you that you need to work more. It’s not about working longer hours but rather about working smarter. Make it your goal to eliminate the major sources of distraction and concentrate more on your duties. Create a work plan that allows you to be more productive while also lowering your stress level.

    Consider how you can incorporate a tried-and-true technique into your new strategy. Make a list of the habits and strategies that helped you stay on track and utilise them to help you achieve future goals. Reflecting on what has worked in the past might help you remember what you’re capable of. This is a fantastic approach to boost your self-esteem and motivate you to move on.

    Breaking down your high-level goals into detailed to-do lists for each day will help you keep focused on the things that will make a real difference to your blog and will actually assist you in getting to where you want to be by the end of 2022. It’ll also keep you from becoming side-tracked by things that seem like a wonderful idea but won’t help you achieve your ultimate goals.

    Start Networking

    Whether it’s a new partner for a future project or a new consumer, networking is a terrific approach to developing business leads. It’s also a good way to keep up with the latest developments in your field.

    Joining a business organisation is a fantastic way to meet and network with like-minded people. These organisations offer a variety of advantages. Aside from networking and relationships, these sorts of entrepreneurial groups may provide invaluable exposure, guidance, and mentoring.

    An entrepreneur may assist you in determining what you’re doing incorrectly and how to develop and expand your company.

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    Conclusion

    A successful entrepreneur is one who never stops learning. Make it a point to gain new skills, maintain your education, and engage in memory and concentration-boosting activities. Look for hobbies that pique your interest while also allowing you to network and improve your leadership skills. Similarly, make time for rest and enough sleep on a daily basis. Sleep is actually one of the most effective productivity aids available. You work more effectively, are more motivated, and get more good work done when your mind and body are rejuvenated. All of this will help you make 2022 your finest and most successful year ever!

    FAQs

    How to make 2022 your most successful year?

    Here are some of the things to consider to make 2022 your most successful year in business:

    • Approach Mentors and Coaches
    • Take Care of Yourself
    • Set Realistic Goals
    • Better your Leadership Skills
    • Learn New Skills
    • Work Smarter
    • Start Networking

    How to achieve goals for 2022?

    Here are few things to consider to achieve goals:

    • Set realistic goals.
    • Make strategies to reach your goals.
    • Break down the steps into small tasks and give deadlines for each.

  • Mentoring for Mentors: A team that learns together grows together

    This article is contributed by Mr. Rajesh Kumar Subramanian, Founder, Ghoshak.

    When you are on an entrepreneurial journey, you have a blank canvas in front of you to paint it. You can choose the colors you want, draw anything you want and paint the picture of your dreams. For the right outcome, one needs the right set of paintbrushes, proper canvas, board, and a suitable environment. The proper support and mentorship can help an entrepreneur to focus on the primary goal.

    What is Mentorship?

    Today a mentor is more than a teacher or a guide. A mentor is a supporter, a friend, a helping hand, and a guide. The general conception around mentors is that entrepreneurs seek someone more learned in the same field or industry, have more experience, or support them financially. While someone with this definition is a mentor, anyone can be a mentor if we are open to learning and widening our horizons.

    When you are on an entrepreneurial journey, you have to be more open to new ideas and learnings. Of course, there will be obstacles in the path, but one needs to get up, learn and get going.

    Jack of All Trades but Master of One

    Being an engineer by nature, my core competency lies in all things technology. I (Rajesh Kumar Subramanian) have built software and led technology teams, but when it comes to other crucial aspects of business like Sales, Marketing, Finance, and HR, I do need the support and expertise of colleagues and team members. My co-founder is my biggest mentor, support, and friend in times of crucial business decisions and vice-versa. It’s a team that makes or breaks the startup or any company. They are your strength and can give you expertise and niche advice and take the workload off.

    Here’s how your mentors (team members) can lead to the successful growth of the business:

    More Innovation & Creativity

    When people from different fields and backgrounds come together, they bring their own set of creativity that aligns with the company’s final goal. They shape the company in such a way that is fun and is abundant in ideas. The path to grow and move forward becomes more transparent and easy with the combined strength.

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    Increased Competitiveness

    The startup world is quite competitive. Sometimes companies with enough cash flow and resources lack in the market due to a stronger team. However, having the best minds from diverse fields can make the business stand out and give it a competitive edge.

    Attract Investors & Funding

    Whenever an investor wants to invest in a company, the first thing they look for is how driven the team is and their aspirations. This is how they judge how well the team will be able to support or mentor the founder(s). When the team consists of strong and qualified people, even the investors are assured that their investment would be put to good use and safe hands.

    Aid in Business Diversification

    When entrepreneurs start a journey, they always have a plan to diversify the same into different businesses. But, to do the same, they again need the support and mentorship of a good team and investors. From marketing, sales, supply chain, production, finance to quality control, one needs strong people to help you achieve your vision and goal.

    These days many young entrepreneurs start their journey just after finishing college or even before that. But, they have the drive and zeal to create a difference and build something unique. Whether young or old, we all need the right mentors by our side to achieve our goals and see our dreams unfold. They can be friends, family members, investors, seniors from the industry, or even acquaintances. Therefore, always be open to learning new things and have the right people by your side on your journey.

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  • 8 Reasons Why You Need a Business Coach

    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
    Business Coaches help you identify your blind spots
    Plans that can be put into action are created by Business coaches
    Business coaches guide you to the Right path
    Business Coaches help you obtain venture capital funding for your business
    Business Cocahes help you scale your business
    Business Coaches help you fill in the knowledge gaps
    Business Coaches assist you in overcoming obstacles and achieving your goals
    FAQ

    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.

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    Business coaches guide you to the Right path

    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

    To convince investors of the value of your business, a business coach can help you develop communication and negotiation strategies.

    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.

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    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.