7 Ways to Keep Your Business Going in Difficult Times (COVID-19)

7 Ways to Keep Your Business Going in Difficult Times (COVID-19)

Business, Economy, Start-Up
As we have seen from the recent fallout of COVID-19, small businesses are at the mercy of the global economy. Business might be great one day, and in the span of 24 hours, you could lose your entire customer base due to catastrophe. Organizations can face different obstacles they will need to overcome to ensure their survival. Just when everything appears to be running smoothly, a business can experience a nasty surprise that can damage its operations, finances and/or reputation. If you want to help direct a business out of hardship to ensure its longevity, read the following seven ways to get through any tough time in business. Look at the Big Picture People have a tendency to attack the most obvious immediate problems with vigor and without hesitation. That’s…
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Hand Sanitizer Market

Hand Sanitizer Market

Business, Start-Up
Overview Hand sanitizer is an antiseptic liquid, foam, or gel used to inhibit the spread of infectious microorganisms and other harmful bacteria on the hands. Alcohol-based hand sanitizers are generally more effective in eliminating microorganisms. The hand sanitizer is used to address microorganisms immune to soap and water. Alcohol-free hand sanitizers constitute another type of sanitizer. These do not strip away oils from the skin and retain moisture. Factors that drive the growth of the global hand sanitizer market include change in lifestyle of people and increase in consumer inclination towards health. Moreover, rise in awareness about hand hygiene has significantly influenced the market. However, health hazardous associated with hand sanitizer are expected to hamper the market growth in the near future. The Global Hand Sanitizer Market size was valued…
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e-Commerce Business Plan

e-Commerce Business Plan

Business, Start-Up
In the very beginning of the planning stages, it’s a good idea to develop a framework for your business model. There are many ways to sell products online and different business models to pursue. The exact business model you follow will be one that makes the most sense with your resources, skills and interests. In order to create the best online business plan with your product in mind, you need to figure out the following things: What Are You Selling? Physical Products: Clothing, shoes, home goods and etc.Digital Products: Software as a Service products, e-courses, e-books and etc.Services: Consulting services, home cleaning and etc. Who Are You Selling To? Business to Business (B2B): You are selling to organizations, corporations, and non-profits rather than individual customersBusiness to Consumer (B2C): This means you are selling to individual consumers rather…
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Types of Businesses

Types of Businesses

Economy, Start-Up
A business entity is an organization that uses economic resources to provide goods or services to customers in exchange for money or other goods and services.There are different types of businesses to choose from when forming a company, each with its own legal differences. Typically, there are five main types of businesses: Private Limited Company, Limited Liability Partnership, General Partnership, Sole Proprietorship, and One Person Company. Before creating a business, entrepreneurs should clarify what is important to them when running their business. Private Limited Company: A private limited company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be publically traded. Features of Private Limited…
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The Build-Measure-Learn Loop

The Build-Measure-Learn Loop

Start-Up
Most new businesses fail. But most of those failures would have been preventable if the Lean Startup methodology had been followed. In this post, we will discuss the build-measure-learn loop from "The Lean Startup" book written by Eric Ries. Introduction The Build-Measure-Learn cycle is a feedback loop that is said to be one of the core components of the Lean Startup methodology. Its goal is to turn uncertainties, assumptions and risks into knowledge or “sure things” that will eventually guide organizations and business towards progress. Through this process, the key unknowns can actually be transformed into knowledge that the startup can use in its product development – and business operations, as a whole. This whole process can also be called an experiment. In order to understand how the Build-Measure-Learn cycle…
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Venture Debt: An Alternative  Financing Solutions

Venture Debt: An Alternative Financing Solutions

Start-Up
Introduction Venture Debt There’s no question that equity has a critical role to play in helping founders to meet their business goals. But it is important to recognize that equity is not the only source of startup funding. Using debt to complement your equity funding can be a smart move for stakeholders in a variety of situations, including when they want to: Higher valuation. The valuation of business during the equity funding is critical to the success of the business. Higher the valuation lower the dilution. Companies often use venture debt to extend their runway so that they have more time to grow their business before their next valuation. Secure greater upside. Dilution is a serious consideration during equity funding. By using venture debt to meet a portion of their…
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Choosing the Right Legal Structure for Your Start-up

Choosing the Right Legal Structure for Your Start-up

Start-Up
Introduction No matter what your business is, you need a basic legal understanding and the ability to see what you really should have done and should do in future. As a startup, you invest every minute in growth and related activities, and thus, legal matters of the business often get ignored. This leads to common legal mistakes that impact your company’s success or failure in the long-run. Hence, it is prudent to be aware of the legal matters of your business from the start. Starting from the correct choice of a legal structure to know about the registration process for the same, and finally, decide on the right location for establishing your entity – all these aspects need your attention. Of course, to get all your assumptions and decisions checked, you must seek advice…
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The Bulb | An Analysis of Business Idea Validation

The Bulb | An Analysis of Business Idea Validation

Start-Up
Introduction Everything starts with an idea and it depends on what you do with that idea, and what steps you take to turn your idea into a reality. Before we go into the details let’s define “What a business Idea means?” As there is no authentic definition of the idea, we can define it as under “A business Idea is a unique concept that can be used for solving problem(s) being faced by potential customers and may be used for financial gain.” Identification The best way to arrive at a good startup idea is not trying to think up new startup ideas – that would be the wrong way. The ideal way is to look for problems and needs, preferably problems and needs you have faced yourself. Alternatively, it could…
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Getting Started with a Limited Company

Getting Started with a Limited Company

Start-Up
Dear Friend, Now days India experiencing boom in start-ups. Current Govt. is providing various facilities to new entrepreneurs to start and fund their ventures. A Private Limited Company is most preferred business structure for starting new venture. In this post we will discuss the advantage and characteristics of pvt ltd company, which make its best from other options:-   Advantage of Pvt Ltd Company Separate Legal Entity: The shareholders and directors are separate from company. They are not liable for liability of company. Uninterrupted Existence: Since Shareholders/ directors are separate from company, hence company can exist even after the death of any/all shareholders/ directors. Free Transferable : Shares of a Pvt ltd company is free and easy as compared to proprietorship business. Ownership is separate from management : The Status of Directors and…
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10 Point Checklist for Startups

10 Point Checklist for Startups

Start-Up
In recent years India is evidencing boom in startup culture. Many young entrepreneurs are starting theirs venture and setting new benchmark in Indian Markets. These success stories inspire others to start their own venture and be “Start-up”. If you are also planning to start your business - congratulations!  Once you get over the initial excitement, it’s time to break down the process of launching your startup into manageable chunks. In this post we have listed out the preliminary task/checklist which you need to do before the launch:- Learn from Leaders: Read some books written by great authors like Purple Cow: Transform Your Business by Being Remarkable by Seth Godin, Influence: The Psychology of Persuasion by Robert B. Cialdini, PhD, How to Win Friends and Influence People by Dale Carnegie, Outliers: The…
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