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How Starbucks Is Ruling The Indian Coffee Industry

Steaming hot and full of flavor, coffee is the most consumed beverage in India. After tea, it is the key ingredient that fuels productivity, creativity and social relationships. Starbucks understands this cultural significance of coffee and has pioneered its way into the hearts of its customers in India.

Creating strong customer loyalty involves much more than just serving a perfect cup of brewed espresso or cappuccino. Starbucks dedicates itself to connecting with customers by providing them delightful experiences from start to finish.

The company also uses smart technology to understand customer preferences so that they can continue to deliver personalized offers tailored to individual needs and wants. On top of that, their in-store staff are empowered with role-specific technology such as interactive tablets for ordering that allow for more accurate servings.

The success story does not end here; Starbucks recognizes that the Indian market is maturing day by day where value-for-money plays an important role when it comes to product prices and appealing menu options.

Its latest menu items offer an array of beverages at affordable prices while also providing different dietary requirements like vegan, gluten free, dairy free or other health conscious choices.

Starbucks goes far beyond the typical coffee house experience by creating a sense of community through initiatives such as partnerships with local businesses, live music performances and art exhibitions conducted in some outlets regularly.

Every detail has been taken into account since their launch in India – making sure they stay ahead in the industry while maintaining quality standards blended flawlessly with modern Indian culture.

If you live in India, you know that the consumption of coffee was not very high earlier as compared to now. And with time Starbucks has become the most significant player in the coffee industry. But the question comes here: How did they manage to dominate the country’s coffee market? Let’s take a look at their rise to success.

For years, Indians considered coffee something that only rich people drank. But these days, we see numerous cafes opening across the country. They sell various types of beverages ranging from cappuccino to chai tea. There are over 3,500 franchise stores of Starbucks in India today.

“Coffee consumption in India grew by 3 per cent to 1.06 lakh tonnes in 2011 as compared to 2010, according to data from the International Coffee Organisation.”

Source: ndtv.com

Starbucks was founded in 1971 in Seattle, Washington. Since its inception, it has grown into a global chain with over 28,000 stores worldwide. Today, Starbucks is the largest coffee retailer in America and also ranks among the top 20 companies in the world.

It also boasts the highest share in terms of revenue generation. With a strong foothold in the major metropolises, the company is expected to continue its growth in the months ahead.

After achieving massive success around the world, it came up with an innovative idea of expanding coffeehouses in India as well. India, known as a country of Tea lovers, will enjoy a variety of coffee drinks.

This question put Starbucks in difficulty in expanding its venture coffee in India. Starbucks, with high risk, took a decision and brought its coffee venture in 2003, but its turn failed.

With this, Starbucks enterprise started planning and plotting strategies for their expansion in the country and decided to start a joint venture with Ratan Tata’s brand (TATA Coffee) with this, they announced the opening of stores at various locations across the country.

The early days

In 1971, Jerry Baldwin, Zev Siegl, and Gordon Bowker were the founders of Starbucks. The three friends first met at the University of San Francisco and thought to sell good-quality coffee beans.

Until 1976, the location of the Starbucks store was in Seattle. Before Howard Schultz took over Starbucks, it only sold coffee beans. In 1987, the founders sold the company to Howard Schultz, who rebranded the Starbucks company, Il Giornale.

Starbucks started growing really quickly and opened its first stores outside of Seattle. By 1989, the company opened 46 stores across the USA. In 1996, it opened its first store in Japan. Within 2 years it had 28 stores in Japan.

Later, it started getting various coffee companies and began testing a fresh-pressed coffee system. And then Starbucks started to face its share of setbacks and hurdles.

During the 2008 recession, Starbucks closed 600 stores in the United States. In the same year, the company had layouts of almost 1000 jobs. In addition, it also closed several stores in Australia as well. By 2009, they had completed around 977 stores worldwide. But, Starbucks pushed through all the hurdles and rose to the top.

Starbucks India

In October 2012, Starbucks Corporation with TATA Global Beverages entered the Indian coffee market, starting their first store in Mumbai, India. A 50:50 joint partner, owned by Tata Consumer Products and Starbucks Corporation, that owns and operates Starbucks outlets in India. The outlets are branded Starbucks “A Tata Alliance” and it got the title “Tata Starbucks”.

Today, Kevin Johnson is the CEO of Starbucks. The Starbucks store in India is owned by a joint venture of TATA Starbucks Private Limited. The brand is now known as Starbucks Coffee – “A Tata Alliance.” And also, Starbucks signed an agreement with Nestle back in 2018, which says Nestlé has the right to market Starbucks’ packaged coffee and food service products worldwide.

(Infrastructure) The Hidden Secret Success Behind Starbucks in Indian Market

The Starbucks store located at Connaught Place in New Delhi has art painted on the walls, and the store is entirely made up of mats and ropes. The store located in Pune has a designed infrastructure with localized railings and a prosperous display of treasure and copper.

1) Menu For Indian customers

Apart from the usual products offered internationally, Starbucks coffee store in India has some special Indian-style Menu offerings such as Tandoori Paneer Roll, Elaichi Mewa Croissant, Chocolate Rossomalai Mousse, Malai Chom Chom Tiramisu, Chicken Kathi Roll, and Murg Tikka Panini to offers Indian customers.

All espressos sold in Indian outlets are made from Indian roasted coffee beans which are supplied by Tata Coffee. Starbucks also sells Himalayan bottled mineral water and free Wi-Fi is available at all Starbucks stores.

In January 2017, Tata Starbucks introduced Starbucks’ tea brand Teavana which offers 18 different varieties of tea across its outlets in India. One of the varieties, called the India Spice Majesty Blend, was specifically developed for Indian customers and is only available in India. India Spice Majesty Blend is a blend of full-leaf Assam black tea infused with whole cinnamon, pepper, cardamom, cloves, star anise, and ginger.

On 15 June 2015, Tata Starbucks declared that it was suspending the use of ingredients not approved by the Food Safety and Standards Authority of India (FSSAI).

2) Experimentation & Innovation

Starbucks always comes up with innovative ideas for presenting, roasting, and preserving themselves in the coffee market. The company took the initiative solely to keep on experimenting with making Starbucks.

3) Customer Relationships

Starbucks believes in focusing on existing relationships with customers, ensuring more fan following, and creating coffee more according to customers’ preferences. The brand advocates more impact on customers’ brains by doing tricks like mistakes in their spelling names.

4) Building Strong Social Media

Starbucks followed social media strategies, boosted social media with their posts, followed newsletters, blogs like LBB, Buzzfeed India, Social media marketing, etc. Their target audience is youth; hence they asked popular social influencers to promote and affiliate their offers on each and every page; these things helped to publicize their campaign and their coffee this way they create a strong Starbucks market.

Starbucks expects India as its top 5 market; due to its massive financial support, Starbucks has an advantage in investments and market opportunities. The thought of a joint venture with Tata Global beverages, supported by Starbucks corporation a lot, turned into a great idea for Starbucks to become a successful venture in India.

The success of Starbucks also involved quality improvement in the taste of the menu and infrastructure, particularly for the Indian market. The customers are welcomed, and the store ambience includes fast and free WiFi for their customers, with a sip of coffee, and a good time in the cafe.

How does Starbucks make money?

Starbucks’s revenue model has been categorised into operated stores, licensing fees from licensed stores, and the growth of other products. A large product of revenue comes from the company-operated stores. According to a report from 2018, around 82% of total revenue comes from this segment only.

The licensed stores do contribute much (12% to the total revenue) but are known to be very popular. The licensed stores hold lower margins and high operating margins as compared to the other company-operated stores.

These licensed stores sell products like tea, coffee, snacks and other Starbucks products and generate royalties and license fees for Starbucks.

The third source of Starbucks’ sales of packaged tea, coffee and other instant beverage products to customers, is outside the company-operated and licensed stores. Also, some premium quality coffees, Food items, Whole bean Coffees and others.

Moreover, Starbucks also sells a few coffee machines and equipment like espresso machines, coffee brewers and others to licensed stores normally.

The Gold Card Reward by Starbucks

There was a time in 2008 when Starbucks was going through layoffs and some really hard times. And that’s when Howard Schultz was re-appointed as the CEO of Starbucks, who took the Starbucks with some very remarkable alterations.

His most incredible initiative was the reward system. In this, the customer deposits some money in their Starbucks account and when they use the money for buying coffee, the company rewards them through the gold card reward.

This became the most successful marketing plan and around 41% of Americans preferred the Starbucks app for payments. And whenever a customer buys any beverage products from the store, they indirectly lend money to Starbucks at a 0% interest rate.

The money earned through this marketing plan was invested into different ventures, for the upgradation of the company. The most incredible thing about this reward back system is that the customers can only use the money to buy coffee from Starbucks and through this, there is a never-ending financial deal with the customers.

Revenue Model

Starbucks comprises different business segments that also play an important role in helping the company generate good revenues. Its focus is to provide premium quality products with warm and friendly customer service. Around 79% of company revenue normally comes from Starbucks-owned stores.

The cost structure of Starbucks majorly consists of fixed expenses such as administration and store operation pricing. Another primary cost driver is the occupancy price which is a variable expense.

Challenges faced by Starbucks’ India

1) Competition:

In India, coffee is available in every price range, posing a serious threat to Starbucks’ coffees and products. Many coffee houses offer products at a very affordable rate, and though you can say that they have a different target audience, Starbucks needs to keep an eye on these not-so-high premium brands.

2) Pandemic and Global Recession:

Like any other retail store all over the world, the coronavirus pandemic, health situation, and global recession have affected Starbucks as well due to the unpredictable situation. Starbucks temporarily closed 2000 stores in China, and overall 50% of the chain’s corporate footprint and 46% of licensed stores in the US are closed as well.

3) Rising Prices of Raw Coffee Beans:

The price of raw coffee beans – Arabica, the world’s most-produced coffee (representing over 65% of the world’s production), has risen dramatically during the pandemic due to concerns over its availability, hoarding, and supply chain disruption as well.

 Any additional dollar channeled to purchase raw coffee beans at a so costly price reduces Starbucks’ profitability and if the prices continue to increase could pose a serious challenge to Starbucks.

Starbucks current situation

Today, Starbucks is the leading successful coffeehouse chain and one of the top companies worldwide selling coffee drinks and food, the company has its merchandise and more across the globe.

Grocery shops across the United States and other countries also sell bottled coffee, cold coffee, and ice cream products. In November 2019, it opened the most prominent coffee lovers spot in Chicago with more than 200 employees.

 Due to the COVID-19 pandemic, the company had to close several of its stores, but it eventually announced opening new stores across the world.

Starbucks Corporation has reported consolidated net revenues of $ 8.7 billion in the first quarter (Q1) of the fiscal year 2023, a jump of 8% compared with the 2022 quarter. Although the company has a significant challenge of competing with other coffee shops at such high costs, what benefits Starbucks is its aesthetic vibes and peaceful environment, which is suitable for office meetings and even for studies.

In 2022, Starbucks collaborated with the South Korean multinational conglomerate Samsung. And both companies have launched mobile cases. Moreover, they have found quirky cases for Galaxy Buds as well. The companies have teamed up to make adorable and chic cases for Galaxy devices.

 All the accessories of the collaboration are manufactured with eco-friendly materials only. However, it is a limited edition across South Korea. It has been produced exclusively for the South Korean market only.

Summary

Starbucks is an American chain of coffeehouses that has world stores. Jerry Baldwin, Zev Siegl, and Gordon Bowker are the founders of Starbucks in 1971. In the early 1980s, they sold the company to Howard Schultz, who decided to convert the coffee bean store into a coffee cafe.

Starbucks comes at 114th position on the Forbes Fortune 500 list. In 2021, Starbucks made a net income of US$4.20 billion. Today, the company has over 32,000 stores all around the globe.

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The Power Of Personal Branding In Lead Generation

Lead generation can be an incredibly powerful tool for business growth. But it is a long, often difficult process. It requires continuous effort to establish and strengthen relationships with potential customers and partners.

Thankfully, there are ways to make this process easier with the help of personal branding.

Your brand is your voice – it speaks volumes without you having to utter a word. Crafting the right narrative communicates quickly who you are and what you stand for, allowing audiences to trust you almost instantly.

Branding yourself as an expert in your field through effective content writing helps establish credibility and attracts discerning customers looking for professionals they can trust. Thoughtfully planned visuals will engage prospects even further and also serve as a reference that resonates after initial contact has been made.

Brand recognition will set you apart from competitors while correctly delivering messaging across broadcast channels ranging from social media, emails and web presence to name tags or even tattoos! A well-crafted personal brand gives customers one consistent image of what they should expect from your services whatever channel it may be on.

Today people are familiar with the power that a business leader’s personality has to influence the reputation of their company. How can you separate the figure of Richard Branson from Virgin, Steve Jobs from Apple, or Elon Musk from Tesla Right? You can’t imagine those names with those products.

However, personal branding isn’t just for business leaders. Take a look at this startling statistic: “93% of people trust product or service recommendations from people they know, while only 34% trust messages from a [corporate] brand.”

Overall, by investing in yourself and leveraging strategic branding tactics, lead generation becomes more organic as customers start coming directly to you instead of being acquired by costly marketing campaigns Designed essential allays any trust concerns and ensure that each offer delivered is actionable value.

The purpose of this article is to demonstrate the power of personal branding as a lead generation tool.

Personal branding

Personal branding is not about being famous or being an influencer who promotes products. It’s about being known for something – be that expertise, a passion, or a message about the brand. It’s about inspiring your audience, building a tribe and having an impact on certain people.

Your personal brand is your brand reputation online. It’s what people who don’t yet know you but one day will think of you when they will see your product or whenever they wanna buy that category product.

The practice of ‘personal branding’ is not only controlling the narrative of how you’re seen but actively working to be seen as branding in a certain field.

Why Is Personal Branding Important?

In an era where people’s attention spans are getting shorter by a few minutes, the need to make an impression is more important for the brand. And the best way to do this is by creating a solid, powerful and memorable brand identity.

Unfortunately, today most business owners do not realize the importance of personal branding because they think it’s a lot of extra work.

However, the truth is that if you want to create a successful business today, you must create a successful brand first. People who know you and your business will trust you more and will buy more products and services from you which will eventually.

Types of personal brand

1) The Altruist

Altruists are people who are highly recognized for their commitment to helping others. These are people who not only dedicate themselves in terms of actions, but also with regard to being mindful of their personal relationships with others.

2) The Careerist

True careerists are the person who has shown a preference for professional way above all other personal achievements.  More often associated with business-related networks such as LinkedIn-careerists constantly share information with others that will raise their status in their industry.

3) The Hipster

Hipster branding refers to a recognized subculture of progressive people who embrace individuality above all else. Although modern hipsters are usually associated with young millennials who give up mainstream trends.

A hipster is also a person who likes to try things first and share reviews or knowledge with others. Hipsters can adopt aspects of both altruism and careerism as well. For them, sharing is seen as an important part of their existence.

4) The Boomerang

The boomerang brand type refers to people who share content and generate interactions simply to create discord through controversy with others. In many cases, its not important to agree with the content-choosing to pass on the information for the potential of being seen as provocative.

5) The Connector

Connectors are people who have pride in themselves and in their ability to bring people together. These are usually well-connected individuals who openly use their network to unite. Typically creative, they obtain validation and satisfaction through others, and people.

6) The Selective

The selective person is a person that only shares information with certain people. They usually carefully curated information based on the general needs and interests of the specific audience. They are largely known for being resourceful. To determine that often takes careful self-analysis that will let you reveal your values, strengths, and weaknesses.

3 Benefits of using personal branding for lead generation

1) Personal branding helps build trust with potential leads

When it comes to lead generation, trust is a very important factor that can make or break a potential sale. If a lead doesn’t trust you and your business, they’re unlikely to do any business or purchase from you. That’s where personal branding helps you.

Personal branding is all about presenting yourself and your expertise and skills in a way that resonates with your target audience. When you develop a strong personal brand, you’re not just promoting your products or services – you’re also showcasing your personality, skills, knowledge, values, and unique qualities. By doing so, you’re giving potential leads a reason to trust you and your business.

2) Helps in developing a powerful personal brand that resonates with your target audience

In today’s crowded digital landscape, developing a personal brand is important for standing out from the competition and building a good audience. But to be truly effective, your personal brand requires you to resonate with your target audience – that is, the people you’re trying to reach and connect with.

A personal brand helps you to resonate with your target audience, you need to start by understanding who your target audience is, what they want, and what challenges they face. You can involve doing research on your target market, surveying your existing audience list, or simply paying attention to the conversations and trends in your industry.

3) Leveraging personal branding to attract high-quality leads

Personal branding can be a great tool for attracting high-quality leads – that is, target customers who are a good fit for your business and are more possible to convert into paying customers. By leveraging your personal brand, you can establish yourself as an authority in your industry and build a loyal following that is engaged.

One way to leverage your personal brand for lead generation is to aim at creating high-quality content that offers value to your target audience. This might include blog posts, social media updates, videos, podcasts, or other forms of content that demonstrate your expertise and provide solutions to the challenges and pain points of your ideal customers.

5 key elements of a powerful personal brand

1. Experience

Ensure you’re engaging in impactful and exciting ways to embrace new opportunities and challenges so that you’ll have a variety of experiences to draw upon. And they don’t all need to be good experiences; in fact, being able to share information about times when things went wrong will lend your story authenticity and make you more relatable.

2. Collaboration

In order to demonstrate the relevance of your storyline to your audience of a potential audience, it helps if you can collaborate with your existing audience. Ask their permission to share their experiences to support your narrative.

3. Awareness

While your personal experience and working relationships are very important for building your personal brand, It’s important to be aware of the massive context in which your brand is situated.

You can increase your brand exposure by reverse engineering what a branding and digital marketing agency do for targeting your audience, as you may get even greater results.

4. Openness

It might seem senseless to talk about your weaknesses and failures as part of personal branding but remember: “a personal brand should reflect your actual personality and should not be an idealised or fake version of who you are.”

You must be willing to be open, honest, and vulnerable about your mistakes and disappointments. That’s what will give your personal brand integrity and encourage your customers to trust you.

5. Content – Creation & Distribution

Your experience, collaboration, awareness, knowledge and openness will go invisible if you don’t create compelling content to get these qualities to check assurance. This means once you’ve got the content, you need to distribute it on the right media  channels to be seen by your target audience.

When you come to distribute your content, it’s helpful to identify the timing for your personal branding marketing strategy.

For more immediate results you can choose:

  • Paid social media

  • Paid Google/Bing ads

  • On the other hand, for a longer, slow-burn approach that builds up your brand gradually, you can try:

  • Guest blogging

  • Organic social media

  • Speaking gigs and conferences

How personal branding can be used to generate leads

1) Ensure content quality

The path to grabbing the attention of people towards your expertise goes through providing helpful content.

Start strategizing what you want to convey to your audience. While coming up with content ideas, and keeping a pulse check on the challenges or issues your audience wants the solutions for- how you as a market expert can help them solve those issues?

Having consistent, high-quality content is the beginning point to use your personal brand. Optimize your social profiles and make sure you’re using high-quality images, and videos your expertise is demonstrated, and your copy is crisp and typo-free.

Your goal is to make the audience aware of what you are working for in your niche, your vision relating to your niche, and how you are a problem solver for your audience’s issues.

Considering all these points, you can create relevant and quality content to spearhead your personal branding efforts. It will drive the target audience to visit your page, generate more leads, and create brand advocates.

2) Consider your marketing content as an asset

When you are paving the way to propel your personal branding, it is important to treat your marketing content as an asset. The reason for this is simple: it will help you open up new profit avenues and create multiplied demand for your product markets.

3) Leverage the power of your followers and subscribers

According to the Edelman-LinkedIn study, 56% of decision-makers say they use thought leadership content as an important way to vet business. Incorporate thought leadership in your personal branding marketing strategy, and build and leverage relationships with other thought leaders in your niche.

Why? That’s because you will get advantages from shared branding and augmented exposure while also discovering new perspectives that you might otherwise have missed noticing. For strengthening relationships, fetching growth, and amplifying engagement, you can create shared content aligning with collaborations and fun competitions for your audience.

4) Social Media Platform

Leading your personal branding effort is directly proportional to building a beneficial and strong network. Leverage social media channels and expand your network so you to brand yourself, show professionalism, cultivate more and create more.

Utilizing social media channels makes it easier to connect with your target audience, establish relationships, and even get unexpected opportunities. When selecting social media channels, keep your brand or business goals intact.

5) LinkedIn

Linkedin is a separate use case of personal branding well, which is intentional because Linkedin is completely different from other platforms. Linkedin is the most profitable social media platform if you want to reap the most out of your personal branding efforts.

It has developed a reputation as a professional social platform, giving you ample reasons for exercising your personal branding efforts on Linkedin you can cultivate quality leads, promote your content, and find partnership opportunities.

6) Conferences & Speaking Gigs

Conference and Speaking gigs are a great medium for personal branding. Speaking at workshops and conferences is a go-to marketing strategy for lead generation. Moreover, these are a perfect way to represent your views and expertise while meeting new minds in your niche community.

Speaking gigs or conferences are the combination of two important parts when it comes to personal branding- content production and content distribution. It would be best if you aimed at educating and adding value.

Personal branding strategy

1. Know yourself First

Many people don’t know who they are and what they want to be in their careers. So many out there struggle with personal branding because they don’t understand themselves and their identity.

If you are ambiguous about your aspirations in life and know where you want to take your things in life, there is no way you can define yourself and convey that to others. Thus, before trying to establish yourself, find a clear definition of yourself, your strengths, things that define you, and your vision & mission in life.

2. Test Yourself

After strategizing all your strengths or traits, test your skills and knowledge with your circle online, or offline and arrive at a credibility score. Then start working on improving your score over a period of time.

3. Define your Target Audience

Define and get to know about your target audience which will help you choose the right medium.

4. Establish Presence

In today’s social media world, your online presence contributes 100% to your personal brand’s online reputation. You will be googled by friends, colleagues or target customers, so make sure your online content speaks about the real authentic YOU.

5. Upgrade your Social Media channel

Social Media channel is no longer about posting photos of food and fancy vacations; it has a deeper objective to protect your personal brand image and true skills across multiple platforms. And today Vlogging is one of the best trends — speaking out would give you more credit than a brief ‘about me’ section.

Tips on building a strong personal brand

1. Make those around your marketing successful:

While some personal brands are built at the expense of others, the most highly regarded personal brands are developing on the success they have created for others. Think “selfless” as opposed to “selfish.”

2. Hiring a coach or mentor:

This is something that many successful brand struggle with as their pride can be a barrier to seeking the wisdom and counsel of others. However, this is one of the best investments to build a powerful, strong and sustainable personal brand.

3. Invest in continuing education:

So you already earn a significant income, run your business and you’re busy – the reality is that it is far simpler to reach the C-suite than to remain there. You will only survive in the working environment if you continue to refine and advance your skill sets and competencies.

4. Learn to work the media, or hire someone:

You can be a target for the media channel and while the controversy is not always a bad thing it causes more unnecessary brain damage than you will possibly want to incur. You can hire someone expert to do it for you.

Personal Branding Examples

1) Elon Musk

Elon Musk, creator of Tesla and SpaceX, at least once. He is often associated with his companies’ names across the world. Elon Musk is a great example of careerist personal branding that represents new technology. People will remember his electric cars and rockets.

2) Kylie Jenner

Kylie Cosmetics, which owns cosmetics brand Kylie Jenner into the youngest “self-made” billionaire in the world. Kylie is a member of the wealthy Kardashian family. She could influence people by her own brand and used her face to demonstrate her product line.

She has a strong social media presence and brought excellent results to this young celebrity. Kylie Cosmetics now has 25.5 Million followers on Instagram and customers worldwide.

3) Shaun White

Shaun White is famous for his accomplishments in snowboarding and skateboarding across the world. Today he owns his own clothing brand. The store has everything an athlete needs. Simply put, personal branding is connected with your identity, personality, and expertise.

Summary

Building a powerful personal brand means telling your own compelling story, being open and authentic, designing on your experiences, and staying aware of the wider context. And it means making sure your brand story is heard by the right audience by producing and distributing great content.

The aim of your personal branding activities should be to educate, inform, knowledge and help your audience. Demonstrating your expertise and showing that you understand your audience’s pain points will generate leads as a natural result.

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Is Education Important To Become An Entrepreneur?

Are you considering becoming an entrepreneur and launching your own business? If so, then you might be wondering how to equip yourself with the best skills and knowledge necessary for success. Is a formal education essential to become an entrepreneur?

Although there is a common misconception that entrepreneurship comes naturally, it actually requires dedication, strategic planning, and self-discipline. It also needs some background knowledge and experience in order to succeed. Formal education has become the norm in many areas of life, but does this apply to entrepreneurs too?

It is true that formal education can help entrepreneurs learn valuable skills needed to launch or expand a business. If you plan to establish a business or already have one, a ++college degree may help you achieve your business goal.

However, there are other ways for aspiring entrepreneurs to gain knowledge without committing to long-term study or expensive tuition fees. Successful entrepreneurs have a combination of practical experience and formal education to sharpen business skills and in-depth knowledge. Entrepreneurship does not need a college degree, although having one can be a huge advantage.

In this article, we’ll discuss whether formal education is essential for aspiring entrepreneurs and what alternatives exist for those who don’t have a degree.

Here are some reasons why education is essential for entrepreneurs.

1) Skills

Entrepreneurship education aims to impart crucial life skills, which boost an entrepreneur’s ability to work in the real world. Students can learn many skills, from collaboration and teamwork to public speaking, creating presentations, and data analysis.

Many training academies use entrepreneurship education to concentrate on key areas, such as sales training, marketing expertise, and eCommerce.

2) Depth entrepreneurship learning

Entrepreneurship education is more about practical skills, fixing actual problems, and developing innovative approaches for the business. Where entrepreneurs can learn about creativity, using various available tools & online resources, and making the most of social media as a promotional platform.

Entrepreneurship education can include in-depth learning about product development, sales funnels, creating business proposals, pitching ideas to investors etc.

3) Help to cope with rapidly changing

Education helps entrepreneurs to cope with the global economy which is rapidly changing, with tech transformations ruling every industry. With entrepreneurship education, entrepreneurs can prepare for the unmapped road.

4) Encourage

Entrepreneurship education encourages collaboration and teamwork. It fosters a mindset where entrepreneurs depend on one another for creative reasons instead of merely competing in the classroom.

5) Problem-solving Skills

A key aspect of entrepreneurship education teaches you problem-solving skills. Beyond the world of jobs and businesses, these skills allow entrepreneurs to cope better with challenges in regular life.

6) Long-term & Short-term Goals

Nurturing a culture of entrepreneurial spirit helps in creating and achieving realistic goals. Through education, you can get training about long-term & short-term goal achievements in business. You can even develop or analyze your long-term and short-term goals if you don’t have any.

6) Identification Skills

Whether problems arise in personal lives, or in their current and future business endeavours, education helps learn effectively to identify problems and their solutions is a main entrepreneurial skill every entrepreneur should have.

To be good problem solvers, entrepreneurs must be able to identify problems before they learn to solve them. Entrepreneurship education helps to identify problems and solutions to new experiences and unforeseen outcomes.

In light of this, does education matter when it comes to being an entrepreneur? Although a degree is not mandatory for entrepreneurship, but it can be beneficial for an entrepreneur’s talent as it harness an entreprenuers soft skills like accountability, time management, and emotional maturity.

Consider gaining experience before starting your business, it’s important whether through volunteer work, apprenticeship, internship or general work experience.

You can ask yourself several questions before choosing entrepreneurship over a college degree. Evaluate your industry, skills, talent, passion, experience, financial stability and support system.

Entrepreneurship: Does education enhance it?

Formal education is connected with entrepreneurial activity and success. Education and entrepreneurship are both influenced by other related matters. The current study estimates the causal effects of formal education on entrepreneurship gives a good outcome for an individual.

Formal education significantly enhances the probability of self-employment in high-growth industries for both women and men.

Education reduces the probability of self-employment in growing industries. Education also increases incorporated self-employment for individuals and reduces unincorporated self-employment among men but not women. Entrepreneurship skills increase with proper education.

Is there a specific education requirement for entrepreneurs?

In most cases, there aren’t any particular education requirements for an entrepreneur. While there are some industries—like healthcare or law–that require specific credentials to start a business.

To become successful entrepreneurs some people need to work on confidence and upskill their talent and they even could use a mix of self-learning through Google and other online resources and build connections in the business world.

Just like book education accelerators, startup labs, venture studios, and other kinds of collectives often offered a curriculum for aspiring entrepreneurs to learn exactly what they need to know also connecting them to other innovative entrepreneurs which connected to resources throughout all the phases of development, from ideation to funded startup.

These kinds of experiential programs are often continuously innovated and revamped as new best practices come into play.

Summary

Entrepreneurship education has been defined as teachings that inform, train, and educate entrepreneurs who are interested in participating in socio-economic development through a project or business to promote entrepreneurship awareness, business creation, or business development.

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Leading Innovation And Technology Entrepreneurs: 7 Future Lesson Entrepreneurs Can Learn

Innovation and technology have led to amazing advances in the way that businesses operate. From AI to automation, these innovations have revolutionized the industry and are opening up new possibilities. However, the people driving these technologies are often forgotten, as they don’t get enough recognition for their contributions.

The world of entrepreneurship is filled with risk-takers who make investments into future technologies and ideas that may or may not pan out. Among them are some of the brightest minds that aspire to push boundaries in order to create something with lasting impact. These entrepreneurs innovate and make use of technology to serve as a platform for their ideas and products.

Leading innovation and technology entrepreneurs are visionaries who set the tone for how we interact with technology in our daily lives.

As an entrepreneur, you have to accept and adapt to changes fast we’re living in an era of rapid transformation, leading innovation and technology. There is much more to come such as 3D printing, nanotechnology and advanced robotics.

In addition, combining new innovations and technologies with the connectivity of everything will have huge-ranging implications for future entrepreneurs.

Leading innovation and technology allows entrepreneurs to do everything from optimizing supply chains to increase chances of living longer, healthier lives through the ability to monitor and predict our health conditions.

Today the speed of change is so fast that it’s beyond the control of any business. However, entrepreneurial business models and flatter structures of entrepreneurial companies allow them to respond to opportunities.

Entrepreneurs need to understand how they can harness the transformative power of technology and innovation.

In this article, we will explore the 7 lessons future entrepreneurs can learn from their success stories and challenges faced at various stages of their journey.

By understanding the strategies employed by some of these innovative personalities, we can gain valuable insight into what it takes to create something truly remarkable from nothing.

1) Start with a clearly defined purpose

You should know what your company stands for and what it is trying to achieve. Rather than jumping to digital tactics and technology, everything you do will relate back to this purpose.

For example, low-cost airlines experiment with a huge range of technologies from 3D printing engine parts to inspecting planes with drones, but everything they do relates back to delivering low-cost, safe air travel.

2) Turn your vision into innovations

Don’t just listen to what customers say they need. Use your ideas to find out what their issues are. Then create new innovations that the customer didn’t even realise they needed in their lives.

3) Don’t focus only on digitizing today’s business

Keep thinking about how new technologies will impact your business model in the future. For instance, rather than continuing to digitize and automate their manufacturing and logistics processes, a pharma company are received regulatory approval to 3D print their drugs, opening up a new world of customized medication for different diseases.

4) Have a flexible mindset

The digital age has already proven that flexibility is among the key factors for the growth of a business. In recent times, even small business owners have done remarkably well by changing their business models and adapting to new innovations and technology. Such changes require an entrepreneur who is open to new innovations and willing to change with time.

5) Be open to changes and accept it

The business landscape is complete with changes, and technology has brought rapid developments for which every entrepreneur needs to be prepared. Technology can be overwhelming but it can also be a golden opportunity if used wisely.

6) The value of technology

If you use technology well, it will give you invaluable insight into the customer experience that you are delivering and help refine your administrative processes, operations and supply chain process.

Technology has transformed even small ventures into multi-billion software companies, building a data platform for industrial technology which offers their clients insights into the real-time performance of their jet engines, wind turbines, medical equipment and more.

6) Plan for a diverse workforce

In the future, diversity won’t just mean men, women, or people from different work and ethnic backgrounds. It will mean having a workforce comprising locally based employees, a network of freelancers working globally 24/7 and a technology workforce of physical and software robots carrying out some of the toughest tasks.

Summary

Today’s entrepreneurs will succeed through the transformative power of technology and innovation. One of the most important lessons an entrepreneur can learn is to be innovative and prepared for any business changes.

If you are creative and can work well with innovative ideas, then you can make the most of it.

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12 Ways for investors to identify high-potential entrepreneurs

Investors are constantly looking for the top entrepreneurs to invest in. Finding the right people can be challenging, as it requires a deep understanding of the market and extensive research.

The best strategies involve leveraging networks, resources, and knowledge to source potential startup opportunities. Investors must carefully analyze each company’s business model, evaluate its scalability potential, and discern whether or not the venture has the staying power to succeed over time.

Successful investors also build strong relationships with entrepreneurs, so financiers and companies can both benefit from shared opportunities.

Entrepreneurs need smart investors just as much as savvy investors need innovative entrepreneurs; therefore trust is integral to these deals.

Both sides must conduct due diligence prior to investing any money into new projects so here are some strategies used by investors to procure the top entrepreneurs.

1) Have a different selling point of view

If your business has a different selling point of view, investors will get to it automatically. Whether you’ve developed a quick, low-cost, or operate only organic or sustainable products.

If you can show them demand and profit (or future profit), you should be able to convince an investor to fund your business. A track record of profitable goods and services can help you gain credibility in this area.

2) Create a pitch

Describe your products in a few words and it should always provide knowledge in an interesting way. If you and the rest of your team consistently and successfully present your pitch you will build a buzz about what you’re doing everywhere you go in future.

And if your business is a startup then not only will you find investors more straightforward, but investors may contact you before you’re ready.

3) Good team

Putting together a team of well-known professionals people in your team is an excellent method to attract investors and increase your chances of getting funded.

If you can demonstrate that they are dedicated to working for your business for at least the next several years and that the whole management team will be easy to deal with and help you to grow the business, you can also attract the investors to attract your business.

4) Corporate social responsibility & Sustainable

Today people are more into sustainable products or services. Basically having a sustainable business can help you to gain anyone’s attention. Even in the case of investors increasing their search for businesses that commit to corporate social responsibility and sustainability.

So you can demonstrate it by showing that you are taking steps to create a diverse workforce, that you are constantly trying to reduce their environmental impact and make them more sustainable, that you are helping in creating new jobs for the local economy, and that you are working to support the local community and doing charity.

5) Provide ownership in your company

Investors commit time, money, and effort to a company in the hopes of seeing a good return on their investment. You must be prepared to offer a good pitch to investors so that they will take a fair interest in your company when they are ready to finance you.

A good pitch should be interesting and grow the profits, such as after four to seven years, they see a significant return on their investment.

So here you can not only ask for financial help but you may ask for it in exchange for a share in your firm. You may also request to use your investor’s expertise, experience and time.

6) Making a list of concerns

Making a list of concerns is one way to boost your confidence and help investors invest in your firm. Consider all of the reasons why they would not want to invest in your company where things can go wrong.

Then, go over the list and find responses or answers to the concerns and be prepared for any inquiries and circumstances that will allow you to reply effectively at the moment.

Also, your confidence and preparation to implement your plan will make them more likely to invest in your company.

7) Building your network

The investors will want to see that you have a network of people surrounded by you who can help you achieve your goals & aim.

They want to know that you are building relationships with other entrepreneurs in the market, and they are looking for people who can give advice, guide or even just offer moral support when things get tough.

8) The decision-making process

When investors make a decision whether to invest in your venture, they want to know how you will use their money. It’s an essential part of the decision-making process that they use and they want to see that you have a clear vision for your future goals of the company and know how your business will grow over time.

This means that if your business is new, be prepared to give them a solid proof plan for what you’re going to do with their money and how long it will take before making a profit.

9) Target the right investors

The right investor will not only offer you capital but also add tangible value to the business as it continues to grow. You want an investor who can strengthen the product, leverage their network of professional relationships, and partner with you throughout the business and remember, not all investors will be the same.

So the type of investor you target will massive depend on where your company is in its maturity and how much equity and control you are willing to give up in exchange.

10) Offer Stocks with Dividends

Investing option that might convince a reluctant partner is to provide a stock offering that isn’t limited to just your company equity, which only offers a value if the company eventually sells. An alternative is to provide investors with a stock that pays dividends, so investors are enticed by immediate cash flow returns.

Offering some amount of returns instead of a long-term ROI could make investing in you a much more attractive option. But for this to work, you need to have a clearly structured compensation strategy.

11) Have a clear marketing plan

Whether you are starting your business or need to right startup investor funding to get to the next level, investors want to see your marketing plan demonstrating how you will know your audience and how to reach them.

Investors may want to know about the software you use daily prepare to have an email platform, social media scheduling program, website performance software like Google Analytics, SEO software, and a CRM.

12) Ask for advice

Instead of calling investors and requesting them to invest in your business, consider asking to pick their brains first. Calls or emails asking investors to consider your startup normally come off desperate.

Prefer to seek advice from investors that you admire.

By strategically reaching out to an investor for their advice first, you may be able to build a relationship with them that will result in a greater willingness to invest in your business later on.

Summary

If you’re an entrepreneur, pitching to investors feels like a difficult task. You only have a limited time to make a first impression and convince them that you’re worth their funding.  We have got you here some strategies used by investors to procure the top entrepreneurs.

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Understanding the Fundamentals of Decision Making & Important Concepts

Today Modern management involves a lot of decision-making. In the demanding environment in which they work, every person makes many decisions in life. Decisions that seem to be the most difficult are those that need a deeper level of thought. 

For any organization or leader, the ability to make decisions is essential for success. As the world becomes ever more complex, decision-making has become even more crucial as well. It’s important to understand how to weigh different options and come up with the best possible outcome for a situation.

Making a decision involves analyzing all available information, weighing up pros and cons, and predicting the likely outcome of different courses of action. This process can be daunting and time consuming. Furthermore, depending on the complexity of a decision, there may be several stakeholders involved each with their own interests in mind.

Decision making is an important skill that requires careful thought and analysis. In this article we will discuss important concepts used in making decisions and explore the meaning behind them. Moreover, we will look at some tips to help you make better decisions in a timely manner.

Making good decisions is a method that must be learned. But first, let’s understand: What is decision making?

Decision Making

Decision Making is a kind of management strategy and process for selecting the most sensible solution from a set of alternative problems to achieve the best result.

It’s an important step since they must decide on organizational and managerial actions and priorities. Depending on the matter, time, resources, and other factors.

Management decisions are important because they frequently affect life,  business activities, organizational performance, and corporate objectives.

Types of Decision Making

Types of Decision Making

1. Programmed And Non-Programmed Decisions:

Programmed decisions are regular and repetitive decision-making processes. These decisions deal with common and frequently occurring issues in an organization such as buying behaviour of consumers, sanctioning of different types of leave to employees, purchasing decisions, salary increments, etc. 

Non-programmed decisions are not routine (daily basis) or common in nature. These are related to exceptional situations in which guidelines or routine management are not set. For example, problems arising from a decline in market share, and increasing competition in the business environment. 

2. Operational and Strategic Decisions:

Operational decisions are just the normal functioning of the organization. These kinds of decisions do not need much time and take a shorter time as compared to other decisions taken. 

Strategic decisions include all current issues and problems. The main idea is to achieve better working conditions, better equipment, efficient use of existing equipment, etc.

3. Organizational and Personal Decisions:

If the decision is taken collectively while keeping in mind the organizational goal, it is known as the organization goal, and if any person from the organization takes any decision in a personal capacity (affecting his/her life) it is known as a personal decision. These decisions may affect the organisation’s functioning as well. 

4. Major and Minor Decisions:

These are classified as the type of decision-making in management where decision-related to purchase new property is a major decision. Let’s see the decision-making examples of minors as the purchase of stationery is a minor decision. Minor decisions can be taken by the superintendent.

5. Individual and Group Decisions:

Decision-making is the process of decision taken by an individual, and when an individual takes a decision it is categorized as an individual decision. Usually, decisions are taken by individuals within the policy framework of the business.

Group decisions are taken by a group of people in the form of a standing committee. Generally, important types of decisions in management are shifted to this committee of people. The main aim of a group decision is to involve the maximum number of individuals which can be more than 3 people.  

6. Tactical and Operational Decisions:

Decisions that are pertaining to various policy issues in the organization are known as policy decisions. These are taken by top management and do have a long-term impact on the business. 

For example, decisions regarding the plant’s location or manufacturing volume. This kind of decision is known as tactical decisions

Operational decisions are daily decisions that need to be taken for the proper functioning and operation of the business. These can be taken by middle or lower-level managers.

Here are some decision-making steps

Step 1: Identify Your Goal

First, identify the purpose of your decision by asking yourself what exactly is the problem that needs to be solved. And why do these issues need to be solved?

Figuring out what’s most important to you will help you make better decisions.‍

Step 2: Gather Information

When making decisions it is best to gather necessary information directly related to the matter. Doing this will help you to better understand what needs to be done in solving the issues. 

Step 3: Consider the Consequences

This step can be just as important because as step it will help you determine how your final decision will impact yourself and others involved in the matter. ‍

Step 4: Make Your Decision

Now it is time to make a choice and actually execute your final decision.  Ask yourself, does it feel right? and does this decision work best for you, and in the future? You should feel good about the result when you come over with those questions.

Step 5: Evaluate Your Decision

Once you have made your final decision and put it into action, it is important to evaluate the decision and the steps you have taken to ensure that it works.

Importance of decision-making

1) Boost Your Productivity:

It will enhance your workforce’s productivity more than once if management excels at decision-making skills.

2) Making the Most of Your Resources:

When it comes to larger companies with large pools of resources, management must make the best use which will help your business to reach its full potential by preventing resources from becoming limited. 

3) Cost-effectiveness:

Placing your products on the market at a reasonable cost influences your company’s long-term success.

4) Recognize Opportunities:

Decision-making allows opportunities to slide through your business. 

Decision-making for management

1. Utilisation of Resources

Decision-making helps to utilise the available resources for achieving the aims and objectives of the organisation. 

2. Facing Problems and Challenges

Decision-making helps the business to face and tackle new problems and challenges. Quick and correct decision making can help to solve problems and to accept new challenges.

3. Achieving aims and Objectives

Decision making helps the business to achieve all its objectives quickly. This is because rational decisions are made after analysing and evaluating all the alternatives.

4. Motivates Employees

Decision-making results in motivation for the employees. This is because the employees are motivated to implement new decisions and the organisation makes high profits.

What is a decision-making framework?

A decision-making framework is used for effectively and accurately designing and developing assessment ways and tools for an organization.

The framework effectively clarifies how and when different members and factors get involved in the decisions, and the opportunities associated with the decisions- making that can ensure more favourable outcomes.

Decision frameworks revolve around principles, procedures, and practices for proceedings from data and desires to choices that convert into favourable outcomes.

What is a basic management tool used in decision-making?

1) SWOT Diagram

Swot

SWOT meaning is Strengths, Weaknesses, Opportunities, and Threats. SWOT Diagram is an important management application that helps any organization assess its current situation. It works as a basic guide for strategic planning of management.

2) Decision-Making Diagram

Decision Making

Decision-making diagrams are graphs that enable you to map out the decision you have taken and which one of the best decision-making methods that helps you to estimate eventual actions based on the outcomes and risks. 

3) Strategy Map

Strategy

A strategy map is a diagram that can be used to document strategic business aims and objectives.

4) Decision Matrix

Decision Matrix

A decision matrix is a technique that contains values that helps you to identify and analyze the performance of the management. The elements of a decision matrix show results depending on specific criteria.

5) Pareto Analysis

Pareto Strategy

Pareto Analysis is a method for decision-making known as the 80/20 rule meaning, 20% of your activities will account for 80% of your outcome.

Summary

Making a decision is considered one of the most important tasks of management. The decision-making as the growth and failure of an organization is dependent on timely decisions taken. 

The importance of decision-making lies in the way it helps you in choosing the right option from various options. Before making a decision, there is a need to gather all available information and to know its pros and cons. It is very important to focus on steps that can help in taking the right decisions.

Decision making is an important skill in life, whether when deciding between job offers or choosing which university course to study. The ability to weigh up different options and make solid judgments that are right for us is key to success.

Understanding the fundamentals of decision making is the first step on the path to improved outcomes. This article will introduce you to some of the fundamental principles of decision making, examining key terms like rational decision making and bounded rationality.

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12 Things Successful Entrepreneurs Sacrifice to Succeed

As an entrepreneur or an excellent successful businessman, there is a period of Sacrificing, that sacrifice you’ll need to make when you want to get successful in this world. Of course, there will be times when you think, Life would be so much easier, simple and stress-free.

Most people view success as an overnight phenomenon, but nothing could be further from the truth. Success usually requires hard work and dedication, as well as a few sacrifices along the way. Many entrepreneurs have had great success in business, but it’s important to understand what they have given up in order to get where they are today.

Being a successful entrepreneur takes more than just talent; it takes sacrifice and a great deal of hard work. To reach your goals, you must be willing to give up certain things that may not even seem essential.

From Steve Jobs to Oprah Winfrey, many successful entrepreneurs have achieved extraordinary levels of success. In striving for those goals, they gave up many things that we often take for granted. Along with sacrificing time and resources, successful entrepreneurs often sacrifice relationships, financial stability and other comforts along the way.

Understanding exactly what kind of sacrifices are expected from you can help make the path towards success easier — and less intimidating! Here are some of the important things successful entrepreneurs must sacrifice if they want to achieve greatness and how to be successful in market competition.

Success comes with sacrifices. Here are 12 things successful entrepreneurs sacrifice to succeed:

1) Relationships

Some entrepreneurs or successful people end up sacrificing entire relationships, whether with their significant other people, friends or family. However, if you lose valuable relationships completely, that’s a sign that there’s an issue with your ability to balance work life and personal life.

Relationships with anybody can be progressive or toxic, so choosing wisely can be a major task. You have to cut off a few relationships in order to grow. The relationship can be mended again, but the age and the growing space in business do not always give a second chance.

2) Health

Health can go in any way which can be your physical, mental, emotional and spiritual health.

In the process of creating success, people ignore many things in life. If you’re able to meditate 30 minutes per day or attend religious services twice a week, you can eliminate your measures of taking care of your well-being entirely, as an entrepreneur.

In order to succeed in life, you should be healthy first, rather than wealthy. So Health should be your first priority before your business. You set a  particular schedule for yourself, which you can certainly take place.

3) Standards of living

Your very first investor should be yourself, and many great entrepreneurs drain their savings to get off the ground to be successful in the market competition. So in order to make a higher standard of living you have to be consistent about your goal. You may have to seriously downsize, such as renting out the home you’ve mortgaged and moved into a small apartment in order to save some money.

Money is the only criterion we tend to work for. So for an instance, if we set a high liability in our day-to-day life, we should be minimal when we invest in a particular business. Once your business is stable, you can double up your assets.

There may be no vacations, no parties, and no dinners out for a very long time.

Whether you’re an entrepreneur or not, to get success in life you have to make such a Sacrifice.

5) Your reputation

Remember when you’re on your path to success people will be quick to point out the failure rate of entrepreneurs, and depending on your circumstances you might have people not take you seriously. However, if you don’t believe in yourself and your startup, nobody else will.

6) Social Life

Many entrepreneurs sacrifice their social lives to focus on their startups. This is often due to the long hours they put in and the dedication they need to get success. Often, entrepreneurs find balancing their work and personal lives challenging, making them feel drained and overworked in their social life.

7) Sleep

Another important sacrifice that entrepreneurs make is not having enough sleep. When working on your business, it can be easy to stay up late and work into the early hours of the morning, but this is only sustainable for a short period.

Entrepreneurs, or people in general, need at least seven to eight hours of sleep daily. This allows brains to rest, recover from the day’s activities, and increase productivity. When you don’t get enough sleep, you are more likely to make mistakes, feel tired, and be less productive.

8) Stability

When you are in the beginning period of a successful entrepreneur journey there’s no assurance that you will get successful in business. The establishment of your organization, regardless of whether your thoughts and plans are strong, from your side.

No one can tell you whether your business will succeed or not, so being stable in your failure is also an important part of success.

9) Fear

Being afraid isn’t always a bad thing as we all know. However, trying to avoid it can interfere with your happiness. While it’s human nature to be afraid, like when taking the leap to start your own business, you need to overcome its ups and down to get success in life.

10) Your pride

Another major thing people have to sacrifice for success is their pride. No matter what kind of success you are trying to pursue, you must let go of your pride in order to move forward in your success journey.

If you are unwilling to accept your mistakes and failures, you will never learn and improve in your life. It is when you put down your pride and accept what is working, only then will you be able to succeed in life.

11) Freedom

In the early stages of a startup, as an entrepreneur, you tend to sacrifice your own freedom for success. Initially, you are unlikely to have a large or established team and as such, you have full accountability and responsibility on your shoulder.

Taking days off or going on holiday is problematic due to the lack of employees to replace you during this period. You don’t get your freedom but that initial sacrifice is necessary though.

12) Time

When someone says things successful people sacrifice to achieve greatness the first thing that comes to my mind is sacrificing their time. Time plays an important role in general in everyone’s life.

However, with good time management, people succeed in both business and personal life, but some personal hobbies and interests were indeed pushed to the side and then the time gets over to do that thing.

Summary

There are many sacrifices that entrepreneurs make in the process of getting success. These include their personal life, health, time and sleep etc. While focusing on your venture, staying as positive as possible will be necessary. These sacrifices might be present initially, but you can eventually make time for them when you achieve stability in life.

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20 Best Business Movies To Teach You Important Entrepreneurial Lessons

Today people learn everything from TV shows and movies which not only give you entertainment but also provide knowledge, the best businessman movies tend to hit home the hardest for business owners.

It’s no secret that movies can provide us with a great escape from the everyday hustle and bustle of life. Whether it’s an action-packed adventure, a romantic comedy or a documentary, we all love to watch movies every now and then. But what if you could also learn something from them?

The world of business is so fascinating that it has earned its own movie genre. Many films, both fiction and documentaries, have explored the trials and triumphs of entrepreneurs. From comedic biopics to devastating dramas, these films teach some important lessons movies about running a business.

If you’re looking for motivation, watching business movies can be a great way to stay inspired!

Here are some of the best films that focus on the world of business and offer invaluable insights into entrepreneurialism.

1) “Wall Street” (1987)

“Greed is good,“ is the tireless mantra of  “Wall Street”‘s money-obsessed person Gordon Gekko (Michael Douglas). This entrepreneur movie tells the story of Bud Fox (Charlie Sheen), a young man who is a stockbroker who dives head into the volatile 1980s stock exchange market.

With his new boss’s aggressive thesis established in his training, Bud finds himself susceptible to the glamour, surprise and excitement of his newfound business lifestyle this movie is for entrepreneurs.

Takeaway:

You will get an experience of the corporate finance world. Investment, and capital markets, “Wall Street” shows just how slippery the slope of greed truly is, and the ultimate consequences of fraudulent business space.

2) ‘The Founder’

In this movie of the founding father of McDonald’s, Ray Kroc is a businessman who cashes in on a hotel with a new style of food delivery hamburgers made in 30 seconds, not 30 minutes delivery this movie is about business.

He is persistent in his pursuit of building the world’s greatest fast-food empire, and his path to greatness doesn’t come without struggle. With new ideas and determination.

Take away:

Building an empire isn’t easy, especially when challenging the status work culture. “The Founder” explores the side of the business that needs a persistence unknown to many, but will surely inspire entrepreneurs that are determined to create “the next big thing.”

3) “Willy Wonka and the Chocolate Factory”

When a candy-maker Willy Wonka (Gene Wilder) decides he needs to pass his candy empire on to a next entrepreneur, he selects five lucky children to tour his top-secret chocolate factory, he quickly realizes four of the five children are just coming for fun, bratty, and blasé.

But Charlie Bucket, a sweet, good bright kid, is wide-eyed with delight at the incredible inventions Wonka shares with the group of that 5 kids.

The brat’s 4 kids meet horrible ends, while a competing candy maker promises Charlie wealth if he’ll smuggle some candy out of the chocolate factory. When Charlie refuses, Mr Wonka tells him he’s “passed the test” and names him as his partner.

Take away:

Finding a partner who shares your vision & goals is one of the most difficult tasks every entrepreneur faces today. This entrepreneur movie proves that through imagination and passion you can take your need for ethics to create a business that’s worth passing on.

4) Startup.com

Startup.com is a documentary movie that examines the rise and fall of the real-life startup GovWorks which raised $60 million from Hearst Interactive Media, KKR, the New York Investment Fund, and Sapient This movie comes to the list of corporate movies.

Take away:

This movie gives a good viewing to better understand the growth and bust of the dot-com period and serves as a cautionary tale on how friendships can easily be threatened by business partnerships and teach you about growth management, entrepreneurship skills, team building and management skills

5) Lord of War

If you like dark comedy with a good bit of action, Lord of War is the movie for entrepreneurs. This war-crime movie chronicles the life of Yuri Orlov (Nicolas Cage), an immigrant from Ukraine who decides his route to success through the illegal gun trade in the country.

Morality aside, Yuri’s ambition, tenacity, and ability to tolerate risk in the business are the very qualities entrepreneurs need to succeed.

Take away:

If you want to learn more about growth hacking, building customer loyalty, and negotiation techniques, this movie delves deeply into these business topics. You’ll probably find yourself incorporating some of the business ethics in your own business venture.

6) Glengarry Glen Ross

Glengarry Glen Ross is based on the award-winning movie which is about four real estate salesmen whose jobs are on the line when the corporate office declares that in one week all except the top two men will be fired.

Take away:

This movie is an entertaining showcase of competition and manipulation of the corporate world. If you’re starting a new business, be forewarned sometimes the road to success is far more than you think. The movie will teach you about sales techniques, customer relationship management, and negotiations.

7) The Social Network

The Social Network is the ultimate story about Facebook’s founder It shows Mark Zuckerberg and the way he brought to life his idea of building a social media platform which is a successful platform.

Soon afterwards, his project got substantial financial backing, and all of a sudden, Facebook was ‘live’ all around the world for the people. This movie also shows Mark’s struggles and lawsuits from his once-friend and first investor, Eduardo Saverin best movie for entrepreneurs.

Take away:

The movie also shows that even huge corporations often have small and struggling startups, and it can be quite inspiring for young entrepreneurs to see that for

8. Casino

The casino is an epic drama that lets you know a gambler’s life, working alongside the Mafia that manages a casino in Las Vegas. It’s a perfect representation of what greed, power, and money can do to a man’s life. It also shows how thin is the line between leading a decent life and letting all of the above consume you.

Takeaway

Casino picks on a topic that’s always sensitive in the corporate world: should you do business with your best friends or not? This movie has showcased that’s not always the smartest decision and things can go south pretty quickly.

9. Glengarry Glen Ross

Glengarry Glen Ross is one of the most-watched business movies which you shouldn’t miss as an entrepreneur. It shows the life of four real estate agents and their issues while working under pressure for their new trainer.

All four of them are forced to use their knowledge, skills and expertise to overcome the current events and keep their job, during a difficult sales period this movie is in the corporate world.

Takeaway:

This movie should be shown to anyone who would like to become a better seller, as it teaches real-life salesmen the right and wrong way to sell a product and how to work in a high-pressure environment.

10.  Boiler Room

If you wish to know the answer to the popular question which every entrepreneur thinks while doing business “How do you earn big money from nothing”, then this movie is the right one. Boiler Room is a movie based on Stratton Oakmont, a stock trading company created by Jordan Belfort.

Takeaway:

It teaches you the ambitions and decisions made by young future founders and their obsession to reach the top of the market. Entrepreneurs can learn plenty of cold-calling tactics regarding sales.

11. The Pursuit of Happiness

The Pursuit of Happyness is a real story based on the life of a homeless salesman, Chris Gardner, and his son where Chris is offered an unpaid internship as a stockbroker, but his ambitions are bigger in his life.

Takeaway:

The movie teaches you how to manage to become a millionaire in only one year and the sacrifices and small things to make in the pursuit of a better life. It will reveal common challenges ambitious people face and what it takes to rise above one’s situation.

12. Moneyball

Moneyball is the story of Billy Beane and his innovative approach to attracting new people in Oakland Athletics, with the team’s low budget in mind. He uses computer data analysis to acquire potential signings and manages to overcome his rivals in the market.

Many startups face the same challenge as Billy in this. It shows the scenario where every startup is facing obstacles in the open market while competing against established companies in the market.

Takeaway:

This movie teaches you everything can be achieved through a mixture of risk-taking and creativity but only if you know what you’re doing to make your business successful.

13. Jerry Maguire

Jerry Maguire gives a very insightful perspective on what it takes to be a sports agent, and what to do when you get fired from your agency and decide to start over, your business this time with more dignity and righteousness The movie is about entrepreneurship.

Takeaway:

This is a great movie about the business world for anyone looking to get out of their struggling life. It’s packed with advice that can help anyone in the corporate world.

14 The Aviator

The Aviator movies tell the story of a businessman who has trouble finding meaning in life beyond money and business opportunities while struggling to keep his mental health balance.

This business movie is not just about making smart or risky business decisions or making money – it’s about how our mental health can affect and in some cases even define our success, or even failure.

Takeaway:

It’s an excellent way to learn how to deal with it if you ever struggle with personal matters at the same time.  As an entrepreneur, it’s important to recognise which business decisions are smart. In this movie, that’s presented in a way that will make you rethink the current decisions which you made in your business.

15. Joy

This movie is all about a woman’s joy and her life. It can’t be easy watching everyone around you becoming successful and some of them with your ideas and the best movie about business to watch.

That’s what happened to Joy, a divorced woman, a mother of two who was creative and capable enough to have a business of her own but somehow lacks the courage to actually get out and start from the start.

She faced many obstacles in her successful journey both business and personal, but she never gave up on her dream of becoming an inventor.

Takeaway:

It’s quite an inspirational story for every entrepreneur, but it’s particularly beneficial for women entrepreneurs. It shows how persistence and determination can help you make it despite a financial crisis and personal struggles won’t stop your way.

16. The Devil Wears Prada

This movie represents another way of leadership, cold-blooded, ruthless, and devoid of emotions in the corporate industry. The effects of this leadership style are shown all the time on the screen – a not-so-healthy way to manage your employees.

This movie is a representation of how far some people would go to reach the stars in the main storyline, presented to you by the CEO of a top-rated magazine and a small-town woman who finds herself in the middle of an unforgiving, highly-competitive working environment.

Takeaway:

It’s definitely one of those business movies every entrepreneur live-to-be should watch. Specifically, because it elaborates on matters such as the morality of choices in both professional and personal life. The effect a job has on employees’ personal lives, and how stepping over everyone can be devastating, especially if you’re the CEO of the company.

17. Becoming Warren Buffett

Becoming Warren Buffet is a great movie choice for businessmen. In this movie, he’s one of the wealthiest men on Earth, but at the same time, he kept his humble spirit.

How someone of his size, both intellectual and financial, hasn’t lost sight of reality and kept himself accountable, is a lesson you can learn from this movie and the best movie for entrepreneurs.

Takeaway:

The movie is the story of how the mindset of an innovator is built from a young age. It’s truly one of those movies that will definitely challenge your beliefs and moral core. One of the most important lessons you can learn from this movie is how to find life goals, aims and objectives unrelated to making more money, but focusing on becoming a better human being.

18. Billionaire Boys Club

A group of wealthy young men in 1980s Los Angeles devise a plan to get rich quickly with a Ponzi scheme in the city. The plan ends badly for all involved when Hunt and Jim Pittman end up murdering investor and con man Ron Levin and how his life gets changed.

Takeaway:

From this movie you can see that Billionaire Boys Club is not an exception to how badly a Ponzi scheme might end and for those people who think that get-rich-quick methods are never worth it, you should not get involved in one of them.

19. Limitless

A movie about science and business, this is a story of Edward Mora, a struggling writer who gets his hands on a brain-enhancing drug which you can see in the movie his exploits under the influence of the drug, both the good and the bad ones.

Takeaway:

The movie will teach you that it is our responsibility to be better people when we have the edge over our competition and others in need.

This movie is a good movie choice to provoke people to think about what kind of person a businessman would like to be.

20. August

In this movie, you will see how to balance his life while running a business and have a fulfilling social life pretty well. That’s until things start to crumble, customers start to stall and the company starts to financial loss.

Takeaway:

August is a fall from grace’ movie, is a good example of how failed planning, a false sense of power, freedom, and money can do to any man.

Summary

Entrepreneurs, and businessmen, like most people, need inspiration from time to time in their journey. And what better way to find inspiration than movies which will entertain as well as teach you important entrepreneurial lessons?

Regardless of where you currently stand on the entrepreneurial journey, you’re sure to find some much-needed inspiration by watching the movies featured in this article.

FAQ’s on Communication:

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Outsourcing To Third Parties: When, Why and How

Outsourcing is a business strategy in which a company hires a third party or a third person to perform tasks, manage operations or provide services for the company.

The outsourcing company, known as the service provider or a third party, manages its own workers or computer systems to perform the tasks or services on-site at the hiring company’s own facilities or at external locations.

Outsourcing emerged as a business strategy in 1989 and became an integral part of business economics throughout the 1990s. The outsourcing strategy is subject to considerable controversy in many countries.

When businesses and companies allocate resources where they are most effective, outsourcing helps maintain the nature of free-market economies on a global level.

Today Companies can outsource a number of tasks or services. Outsource service includes many things such as information technology services and customer service.

There are more things that you can outsource to other types of work as well, including manufacturing processes, human resources tasks and financial functions such as bookkeeping and payroll processing. Companies can outsource entire divisions or particular departments.

How does outsourcing work?

Outsourcing is basically managing things in the company on service-level or professional-level agreements and is a partnership, not a purchasing project.

An outsourcing strategy is a third-party organisation that helps outside organizations not official with the company to complete certain tasks. The outside organizations typically set up different compensation work structures with their employees than the outsourcing company, enabling them to complete the work within a budget.

Step-by-step guide to outsourcing

Step 1: Identify your motive

Identify the best approach to outsourcing by understanding your motives. It’s important to identify your approach. Are you looking to get simple employees, save on costs or hire a specialist to sort out a specific area of your business?

While you search for talent, it helps if you know your aims & goals and how much would you invest, and decide on an hourly rate or a set project rate. Setting a fixed price for a project ensures you won’t have to worry about going over your budget.

Step 2: Clear your project specifications and expectations

Once you know why you’re outsourcing and what your approach will be, it’s time to make that thing more clear about project specifications and expectations. Having an insight into your plan, make a deadline by when you’d like the project completed.

Maybe you’re attending an event and would like your website up by then but this is all in your contractors. A good idea to come up with some sort of deadline and timelines set, to avoid the project dragging along for a long period.

Step 3: Find your outsourced

Once you know what you need and why you need it and have the details specified about your requirements, you’re ready for finding the person or company that you want to work with. There are many websites and services out there, so take your time and select the one that’s right for you according to your preference.

Step 4: Write a job or project description

The job or project description is an opportunity for you not just to describe the job details and set expectations which will help the candidates to be clear with your job or project in the beginning.

Step 5: Interview and test your candidates

Once you’ve shortlisted some candidates according to your need, don’t skip checking their references, and portfolios, giving test projects, or any examination and interviewing them.

The interview shouldn’t have to be too formal as a job interview, the goal here is for you to ask any questions or doubts you might have about outsourcing to this specific person.

Step 6: Manage and operate your outsourced team

Once you have found your outsourced employee or company, set up regular chats with them over video chats or have weekly email check-ins to ensure that everything is running smoothly and on schedule. Keep regularly updating you on the work process and generally check on things in the loop.

The need for outsourcing

Companies often outsource because it comes in the budget, and improves work efficiencies. The outsource aims for a particular task, and it is able to do it better, faster than the hiring company could. Outsourcing provides customers with high-quality service. One of the major reasons for the practice of outsourcing is to run a successful business model.

Some of the reasons why you need:

  • It’s budget-friendly

  • Improve the company’s focus on its product and service.

  • Increase efficiency of working.

  • Use external resources as much as possible.

  • Sharing risks with another firm.

Types of Outsourcing

1) Professional outsourcing

Professional outsourcing includes accounting, legal, purchasing, (IT), administrative support and other specialized services.  This type of outsourcing is budget-friendly and the company only pays for services that a third party provides while having access to resources.

2) Manufacturer Outsourcing

Services are industry-specific. This type of outsourcing is cost-friendly and manageable. Manufacturer outsourcing mostly works for small and mid-size businesses which help them to complete production lines. Invest in this outsourcing type and continuously upgrade equipment, personnel, and process technology.

3) Process-Specific Outsourcing

Process-specific outsourcing is specialising in that particular service. This outsourcing contract is basic, allowing each company to focus on its strength and improve customer service while being budget-friendly and time saver.

4) Project Outsourcing

Sometimes companies aren’t able to manage one of their projects or it can be a specific part of the project. The other reason can be the company may not have enough employees with the necessary skills to work on the project.

Outsourcing – when is it a good idea?

1. Demand is high in the market

When a company increases sales in the market there is pressure on the company to get orders completed in an efficient period. In that case, you can outsource another organisation to help you complete the manufacturing line.

2. Specialized tasks weren’t possible for you

You can hire outsourcing when your company isn’t able to complete a specific task or project or it’s taking too long because your employee doesn’t have that expertise. You can go for an outsourcing strategy option.

3. When you need someone for the specific task

Seeking the services of outsourcing companies that offer highly-skilled candidates who are good with work ethics for a specific task for example need a good graphic designer to design a website.

4. Better Risk Management

New projects, missed deadlines, and extended recovery time are just some of the problems that may occur in the workplace. Instead of entering the panic mode, you can consider outsourcing to ensure you always continue to manage and minimize risks.

Advantages of outsourcing

1) Get new talent from the market

Outsourcing can free up your business to focus on its strengths, allowing you to hire new talent from the market to complete new tasks or projects which could be completed through your available resources.

2) Helps you to complete the task quicker

Choosing an outsourcing company that specialises in the process and service or specific task can help you carry out it more productively, efficiently, and quicker.

3) Budget-friendly

Outsourcing can be budget-friendly where you can save on your resource and release capital for investment in other business areas.

4) Greater competitive advantage

Outsourcing can help you gain knowledge and skills while competing with your market challenger. It can also help to make your business more flexible and ready to adapt to changing market conditions.

Disadvantages of outsourcing

1) Service can be behind time or below expectation

Outsourcing can be time-consuming as you rely on a third party for your work and it’s not every time possible that they will complete the work according to your expectation.

2) Poor communication

We all know that communication is the key to success. You might think that you are being understood the way you planned things, but people come from different backgrounds, educations, and experiences and will have their own perceptions and can face problems in understanding communication.

3) Costly

Outsourcing means hiring a third party which can be costly for some organisations.

4) Lack of flexibility in your working zone

When you work in your space you have a kind of comfort when you hire an outsourcing third- party firm with you and they can have their own working zone which can create little mess.

5) Lack of understanding of the contract process and decision-making

Contracts are a way of formalising a relationship between businesses, which also outlining how you’ll maintain this relationship, what obligations you need to fulfil, how long you will fulfil them for, etc which can be a problem in somecase or some clauses can create problems in decision making.

Summary

Outsourcing is the business strategy of hiring a third party outside a company to perform services or produce goods to be performed in-house by the company’s employees and staff.

Outsourcing is a tool usually undertaken by companies. As such, it can affect a huge range of jobs, ranging from customer support to manufacturing to the back office. In the article we have mentioned how outsourcing works, its advantages & disadvantages and many more.

FAQ’s on Outsourcing:

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Top 10 Most Inspiring Indian Young Entrepreneurs: 2022/2023

Some of the youngest entrepreneurs in India have proved that age is just a number when it comes to knowledge, creativity and innovation. These entrepreneurs have achieved great success through their innovative ideas. Entrepreneurs find opportunities, but great entrepreneurs create opportunities for themselves.

Here are just a few young entrepreneurs making a difference in India. These enterprising youngsters have started their businesses and are working hard to make them successful entrepreneurs.

Here are the top 10 young entrepreneurs in India

1) Trishneet Arora:

Founder of TAC Security Solutions

Trishneet Arora is 29 years old and one of the young entrepreneurs in India, who is also known as an ethical hacker. He is the founder as well as CEO of TAC Security Solutions. His company helps in preventing and investigating cybercrimes.

He learned the skill of ethical hacking as a teenager after dropping out of school. He is also a writer of a book about it called “The Hacking Era.” Soon after, he began working for the Indian police on cybercrime cases, and the Punjab police approached him to deliver a training session on cybercrime investigation and forensics.

He is a self-made entrepreneur, who started by taking up small projects such as fixing computers and cleaning up software. Today, his venture serves numerous companies in the world such as Bharti Airtel, HDFC, National Payments Corporation of India, DHFL Pramerica, Reliance Industries etc.

His name is in the Fortune 40 Under 40 2019 list of India’s Brightest Business Minds. He was also listed in Forbes 30 Under 30 2018 Asia list. Last year’s net worth was $ 5million.

2. Naseema Arewale:

Founder & Director of Jogan Naari

Naseema Adewale is popularly known for m/s wonder women events. He is an entrepreneur with an office registered in Goa. The company carries out its various operations from Goa.

A young entrepreneur, property developer by profession, and fashion enthusiast, Ms Naseema Arewale founded Jogan Naari in 2022.

The brand specialises in clothing and accessories, serving customers in India and in international countries like the UK, the USA, and UAE. The organization has 25 members, including artisans, operation, execution, sales & marketing team.

The company’s mission is to create something different with the help of the Indian tradition by creating a blend of multiple cultures for our New-Age Naari.

3. Advait Thakur: 

CEO and founder of Apex Infosys India.

Advait Thakur is a computer programmer and 19 years old Teenage Internet entrepreneur who launched his first website at the age of 9. Apex Infosys India is involved in AI, ML, and IoT sectors and offers digital solutions.

Being an exceptional leader and innovator, he holds the 4th rank in Wikia’s Young Entrepreneurs Under 20 List of 2017. Apart from being a successful young  entrepreneur, multi-talented and all-rounder, he also works with Google’s AI and Cloud platform and is a Google, Bing, and Hubspot certified professional. As of 2021, he is paid 2.5 to 3 Crores. Beyond that, he is actively involved in social causes and has worked with NGOs such as the Satish Haware Divyang Center and the Beautiful Tomorrow Foundation.

4. Vikrant Parashar:

Founder of Arkastha.

Vikrant Parashar is the founder of the world’s first online portal for solar solutions, Arkastha Solar. The firm has a comprehensive platform for solar solutions that covers design, delivery, installation, testing, and maintenance.

Vikrant knew that energy needs could only be met with environment-friendly solutions. His vision is to boost solar energy usage by providing consumers with the deliverables’ convenience through a straightforward process.

He passionately believes in providing clean, green electricity not only in urban places but also in remote areas of India. He has also stood out from the rest of the solar power industry because they are the World’s first online solar solution portal.

Using solar platforms like Arkastha has various benefits that the customer can avail of. Subsidies are provided, and tax benefits, depreciation benefits, and feed-in tariffs are the benefits the customers can look forward to when getting an excellent professional solar energy plant in place with the help of Arkastha.

5. Alkansh Pandey:

Founder of WRA Global.

Squadrons Security Services is one of the leading Security companies with a team of well-trained professional workmen dedicated to offering quality Guarding watch and ward Services and committed to redefining standards and providing its customer’s professional services of the highest quality.

The company strives to live up to the motto “YOUR SAFETY IS OUR PRIORITY.”

Their services include –

  • Guarding Security Services

  • Security Consultancy

  • VIP Mobile Squad

  • Personnel and residence Security

  • Armed Guards and Revolver man services

  • Surveillance Security

6. Tilak Mehta:

Founder of Papers n Parcels

Tilak Mehta, 16 years old young entrepreneur of India and is the founder of an app-based courier service in Mumbai known as ‘Papers n Parcels’, which is a digital courier company that provides one-day parcel services, collaborating with the Mumbai Dabbawalas.

This courier service was to ensure the same-day delivery of goods to more than thousands of people at a lower cost within the region of Mumbai.

Papers N Parcels is a company that provides door-to-door pickup and delivery services for about everything, starting from a pen to all of your important things. On a daily basis, it delivers roughly 1200 parcels to their destinations on the same exact day.

7. Sreelakshmi Suresh: 

Founder Of: eDesign, TinyLogo.

Sreelakshmi is so talented that she developed her first website at the age of 6. She even designed the website of the school she was studying at eDesign, her company which she founded in 2009, at just 11 years old.

She has received many awards as recognition for her talent. Apart from eDesign, she has also founded TinyLogo company. Her company offers services in web design, SEO, and other fields to many popular brands. Today she is 23 years old and one of the Young Indian Female Entrepreneurs.

8. Farrhad Acidwalla: 

Founder of :Rockstah Media and CYBERNETIV DIGITAL

Farrhad Acidwallabegan his venture at the age of 16 with just Rs.500; he borrowed this money from his father. He took this Rs.500 to purchase a domain name, and with this, he started his own company, He is the founder of the famous web-development firm called Cybernetive Digital and Rockstar Media.

Now, he is 27 years old and is working with numerous international companies and influencers. His organization helps companies in advertising, web improvement, marketing, and branding.

Indian entrepreneur, investor and TEDx speaker. He started off as one of the world’s youngest entrepreneurs and is popularly known as the founder of Rockstar Media.

9. Suumit Shah 

Founder & CEO of : Dukaan App

Net worth: $3.75 billion

Suumit Shah is a 30 years old entrepreneur who started Dukaan app, a DIY platform that allows merchants with no programming experience to set up an e-commerce business using their smartphone.

The platform was launched in just over 48 hours, and millions of merchants have since started selling online using the Dukaan app. His net worth as of 2022 is $3.75 billion.

Earlier, he was working at his uncle’s small store before pursuing an engineering degree. He studied web design and web programming with his college roommate while pursuing a degree.

He started this business with his current CTO Subhash Chaudhary. Today, Summit Shah is one of the most successful young entrepreneurs.

10. Divya Gandotra Tandon:

The Director and founder of Scoop Beats Ltd. Pvt.

Divya Gandotra Tandon is a well-known 19 years old tech Youtuber and female entrepreneur. She is currently pursuing a Diploma in Computer Science and Engineering from the Prince Institute of Innovative Technology (PIIT), Noida, India.

 In 2019, she started her own media company  Scoop Beats Pvt. Ltd. It has +90,000 active Audiences. Divya is also an Instagram Influencer with more than 20,000 active Audiences.

She has received the Entrepreneur Young Achievers award in Delhi and the Incredible Indian Icon award in Indore. As of 2022 her net worth of $ 1 million.

Summary 

Some young Indian entrepreneurs will surprise you as they have broken society’s stereotypes and built successful businesses and those come under young entrepreneurs in India under 30. This article introduces you to the top 10 most inspiring young Indian entrepreneurs of the year 2022.

They have fostered the nation’s economy with innovations and perseverance, never shied away from pushing the boundaries of their comfort zone and constantly stepping towards growth and success as entrepreneurs.

FAQ’s:

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