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Insightful lessons from the life of Mr. Rakesh Jhunjhunwala !
He would advice to be aware, that leverage has neither a mother nor a father, nor any friends.
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Top 5 turnaround strategies adopted for companies
Raw corn is dull. However, when roasted and mixed with spices they taste yummy. We may apply this same theory to our management and business. In this technologically advanced world, the growth of our firm stops if we continue to use the same conventional business strategies. But that’s not always the end; other times, it heralds a fresh start. Businesses use a variety of techniques to reduce the impact of a declining external environment, national economy, and market conditions. A TURNAROUND STRATEGY is one of them. It is a type of bootstrapping approach. As part of this approach, the corporation decides to reverse some of the choices that may hinder…
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How ‘Flutterwave’ is reinventing itself ?
'Flutterwave' is a Fintech company based out of Lagos and headquartered in San Francisco. It was founded in 2016. It promotes cross-border transactions of small to large businesses in Africa via a single API.
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Top affiliate programs with recurring income features!
Affiliate marketing is an online advertising model wherein, the company compensates third party publishers to generate traffic and help promote the company's product and services. The compensation is in the form of commissions and is usually divided into slabs to promote more sales.
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What can the price of a water bottle teach us about life and self-worth?
Have you ever observed that the price of a water bottle can vary substantially across different places? For example the price may be 99 cents in a US convenience store and may increase 4 times to $ 4 in an international airport.
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Why motivation never lasts but inspiration does?
Being happy is intrinsic for each one of us. One looses track of time when engaged happily in any activity. It may be as simple as binge watching. Many remain happy and content by pursuing their passions. These may be as diverse as travelling to collecting coins to running a business. Once we approach any task with intrinsic happiness and motivation, creativity blossoms. It is long lasting.
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How to keep track of a startup’s progress?
Managing a startup requires a lot of patience and skill. Each day will bring new challenges. Frequent firefighting during the initial stages is very common. Liquidity issues will crop up every now. It will be extremely important to keep close tabs on the performance of the organization and be ready to recognize issues early on. Before anything else the key performance areas and objectives for the company should be clearly defined and outlined. The measurements should be very objective. e.g. Sales per employee, case load per officer, bounce rate etc. There are 5 important areas to track a startup’s progress: 1. Team quality and contribution To me the team is…
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How to set up a Dropshipping business easily?
What do we mean by a dropshipping business ? As a layman, it simply means that I can ship the products to my client in any country without actually taking delivery of the goods i.e. the warehouse directly ships it to my customers. However, it is not as simple as it seems. Different countries may have different regulations regarding the same. For example in Qatar the dropshipping business is not easy to establish. it is extremely expensive and one needs to have a license. The difficulty can be ascertained from the fact that Qatar does not have Amazon in their country. In a few countries it may be extremely easy…
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Is the ‘Digital Nomad’ genie out of the bottle?
The term ‘Digital Nomad’ has gained tremendous visibility during the recent pandemic. It is a lifestyle adopted by technology savvy people who can work from anywhere, without having to be based out of a location. With job losses and salary cuts, alternative sources of income are being explored. The ‘Digital Nomad’ lifestyle has caught the imagination of youngsters around as it provides flexibility to manage your own pace. Research shows that the 2020 ‘Digital Nomad’ spike is driven by people with traditional jobs. It is a whopping 96% increase in 2020 if compared with 2019 numbers. It will be no surprise if 2021 doubles the figures again. This is a…
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Flexi Loans makes a debut on Google Pay !
Flexi Loans debuts on Google Pay in India. It is the first lender to do so with an aim to transform the MSME lending scenario. The company was founded by Manish Lunia, Ritesh Jain, Deepak Jain and Abhishek Kothari. All of them ISB graduates, which is a bit eerie. Nevertheless they have come a long way within a short span of time. In it’s press release it mentioned about it’s plan of giving loans to 50,000 small businesses in the next 12 months. They are targeting the small merchants and entrepreneurs who otherwise don’t have access to formal credit. In March, 21 they entered into an agreement with PAYPAL and…
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Culture eats process for breakfast!!
Every organization has a certain inbuilt culture, which is mainly driven by the promoter and managers. There is a high risk that the structure can be turned upside down due to external interferences also E.g. Political interference, trade unions etc. Organizations that thrive, understand the importance of having a right culture within. They understand that performance and merit should be the top most criteria for evaluating promotions and rewards. These organizations are aware and also know that performance can only be a byproduct of great processes. However, very few recognize that only a right culture will ensure right adherence. Else, wrong self serving processes can be easily set up with…
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5 hidden causes that lead to business failure in the first year|How to avoid business failures in the 1st year?
The US Bureau of Labor Statistics ( BLS ) data suggests that 20% of new businesses fail in the first 2 years, 45% during the first 5 years and 65% during the first 10 years.
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Progcap’s leap of faith
Fintech or Financial Technology is changing India’s financial inclusion landscape. Several startup have created a niche in specific domains. One such start up is PROGCAP, which has established itself as one of the preferred finance channels for SMEs and retailers. The founders, Pallavi Shrivastava and Himanshu Chandra started this venture in 2017 to serve a segment, which is often neglected. The startup was recognized in the World SME awards ceremony in 2018. 1. Identifying that niche The founders have worked in the supply chain domain and were well versed with the problems of retailers and SMEs. There are about 15 million retailers in India and most of them have difficulties…
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Why random curiosity is extremely important for Entrepreneurs and everyone ?
The traditional education system rarely encourages random curiosity. Teacher’s fear, what if the focus on subjects wither off. Rote learning was encouraged in many schools earlier. Now the teaching methodologies are changing for the better. Just imagine the possibilities, if children start asking good questions, teacher’s have to come better prepared and quality of education will improve drastically. Off late curiosity is being frowned upon, even in society. If asking questions become a taboo, then solutions to problems will not emerge. It will ensure status quo and powers to be would be happy in their false glories, as no one dares to show the mirror yet. Many homes have a…
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CRED’s attempt to gamify behavioral finance !
CRED made it easier for the average credit card user to check charges levied. Earlier one had to open the credit card statements and go through interest rates, charges, late fee etc. Now, there is no need to remember the due dates, expiry dates etc.
