Business Blunders that can easily stifle the Growth of Your Company

As an entrepreneur, you will surely put your best foot forward when it comes to maximizing the growth of your company and ensuring its overall success. Right from customer relations to marketing and employee engagement to sales strategies, you will need to keep everything well-aligned. When an entrepreneur works, the chances of mistakes are always there, after all, business owners are also humans. However, when you know what is blocking your company’s progression and growth, you can prevent making such mistakes.

To help you know the same, Jignesh Barasara – a well-known and successful entrepreneur in the country pinpointed the following mistakes that business owners tend to make. Take a look:

• Mistake 1: No utilizing marketing tactics with the right yet the data-driven mindset

No matter whether you have a small business or a bigger one, every venture needs solid marketing plans to compete in the present market effectively and strongly. Right from email marketing to social media marketing and search engine optimization to content marketing, the areas are wide. And to make your marketing plans super impressive and reach out to your targeted audience, you will need a data-driven mindset.

According to Jignesh Barasara, new businesses often make a mistake by not evaluating the data properly. They think that if they spend more time on examinations, they will lose something important. Instead, the more you analyze, the better and clearer picture of the market, targeted audience, expected budget, and so on. Lastly, you must check what tactics will go well with your business and its precise needs to attain the highest milestone.

• Mistake 2: Lack of a mentor

If you are new to entrepreneurship, then you will come across some issues and find yourself clueless. This is the point where you will feel the importance of having the right mentor. Since these professionals have already gone through the same and know what the best way to deal with a certain situation is, they will guide you better. What if you do not have any mentor? When you are new, you may make tons of mistakes. And some of these mistakes can lead to big losses. For example, when you do not know how much you should spend on Facebook marketing, you will end up spending more than expected. This will not only affect your budget but it is not the right way to run a business. 

• Mistake 3: Not having the right workplace culture

Many new and budding entrepreneurs think that they do not need any workplace policy, rules, and culture because they have a small team. For initial years, this can be accepted but when you grow, this approach will create a lot of problems – Jignesh Barasara. Therefore, you are advised to have a culture that can encourage innovation and growth. In addition to this, you should also make your team members feel supported, heard, valued, and motivated. When this happens, your team members will follow the rules without being annoyed or discouraged.

• Mistake 4: Constantly keeping not suitable employees

You may hire people who look perfect for a certain role but as soon as you board them, you find them unreliable and unfit for the position. When you do this, you will need to be prepared for project delays, financial losses, and so on. Yes, it can be a little weird to remove someone from the team, but ultimately you will need to think about your business, its growth, and the people working hard for its progression. 

Final thoughts

As Jignesh Barasara says – as an entrepreneur, you should do everything helpful and useful for your business and its success. However, you must be careful and avoid the mistakes that we have listed above. By doing so, you will be able to ensure that your venture has a successful, stable, and bright future. 

How to develop a successful business idea

 

At times many of us think that we cannot become successful business entrepreneurs, as we do not have any unique business ideas. But, that's not true we all do have some of the other ideas with us. Yes, it might be possible that we may not know how to put that idea out or how to water that seed so that it turns into a plant. Great ideas are one of the key components that have made Jignesh Barasara the most successful business entrepreneur. His business ideas are a great combination of ethics and success. In this article, we will be discussing some of the most prominent sources of great ideas. These sources as per Jignesh Barasara can be used anywhere anytime and at times comes as a blessing in disguise.

 

In terms of ideas, entrepreneurs are those special sets of people that are blessed with unique ideas frequently. The best part about them is they believe in themselves and that's something that pushes them towards risk-taking. If you flip through the pages of history, you will find that the people who are now known as great business entrepreneurs were just trying to make life simpler for everyone.

 

But the question here is what was the source of these ideas for them. Well, the answer to this million-dollar question is that innovative ideas come from three main sources: passion, complaints and ego. Let's explore each one of them one by one.

 

Passion:-

The best of ideas come to us when we are excited about something. These ideas can be anything from popularising granny's old pickle recipe to making new games for children. The birth of an idea comes with an inner desire to share it with other people and spread it as much as we can.

At times, you may start doing something as a hobby, for example writing short stories. But later, with time, you realise that you are so good at it that you can start spreading your ideas through your writings. Initially, it might involve some kind of risk but once it takes off, you may start getting commission requests from people you may not even know. And that's when it becomes a full-time business idea that can build a fortune for you.

 

Complaints:-

With each one of us, there is something or the other that we complain about. This is very frequent in our day to day life. This thing bugging us can be our tangled earphones or lack of a good collection of sci-fi movies. Do you know how Dropbox came to life? It was invented because someone was tired of forgetting the thumb drive. This is just one, there are many such examples where necessity and complaints became parents to the invention of new things. So, next time you dislike something, think of an idea that can help you change it.

 

Ego:-

The human ego at times is a blessing in disguise. It is the perfect place to find both innovations as well as motivation. Many times it happens that when we go outside to eat something, we taste it and immediately our minds say maybe I can cook the same dish much better than them. You can use this thought to fuel that idea of yours. And create something where both the presentation as well as a taste of that dish is much better.

 

Conclusion:-

Jignesh Barasara is a great business entrepreneur and one of the greatest business minds of the century. His mentioned sources of ideas are a sure shot way to pull out the best business idea.

4 Things Entrepreneurs Can Learn From Jignesh Barsara

Jignesh Barsara is one of the finest entrepreneurs. He has taught so many life-lessons to the already established and budding entrepreneurs.

In this article, we will learn 4 things that you can learn from none other than our true leader and how can we apply them to the workplace.

Everyone has a plan until they get punched in the face

If you wish to be in the market for the long run, you need to start adapting to the environment. It might sound mad that you can’t expect similar results when you’re doing the same things and expecting the results to be different. As an entrepreneur, you always need to absorb fresh strategies. What has worked before might not work right now. Therefore, you need to constantly look for innovation in different sectors such as sales, marketing, and other services.

Be clear on who you're fighting and why

Most of the entrepreneur start a business with one objective of having a steady income to be generated every month. But, little do they realise that as the company grows further, they have to figure out between the two choices: whether they wish to make an impact or do they want to make money.

These two choices will determine the next chase, it can be either the next payday or how they wish to be remembered. Always stay clear on what and why are you fighting for.

Keep striving

Entrepreneurs take the risk. All of them plan and tend to execute their strategies, but not half of them have a backup plan in order to what if things went for a toss? Been said, yes you should go all in, take that risk but not at the cost of being in debt. When things seem to be going not according to the plan, that’s the only moment you take a back seat and stay in your comfort zone. The primary rule of being a successful entrepreneur is ‘Quitting is not an option!’

Get comfortable being uncomfortable

Did you know? More than half of the entrepreneurs fail the very moment when they tend to get slightly bit comfortable. Instead of creating, they begin to react to situations that need no response. The exact moment you decide to face your fear is the moment you become stronger and learn from your mistakes.

That’s the key to success and always be winning in life. That’s the true testament of any entrepreneur whether they are calm amidst the chaos or choose the contrary.

5 Things that Define a True Entrepreneur

For becoming a true entrepreneur, you do need to start your business. However, that is not the only thing you're required to do. We know at least 5 things that can define you as a true entrepreneur. As per Jignesh Barasara, when you develop these things in you, along with becoming a true entrepreneur, your entrepreneurial journey will also become enriching.

1. Passion to Move Forward

One of the first things that define a true entrepreneur is that passion always drives them forward. As per many entrepreneurs, without passion, succeeding in a business may not have been easier. Passion enables them to take a deeper interest in their work 

2. Belief in Giving a Better Performance Every Time

A true entrepreneur never settles on one good performance. Nor does he or she get disheartened when his/her business performance doesn't go as planned. Such an entrepreneur will always have a belief in himself/herself that he/she can deliver a better performance each day and with each opportunity.

3. Urge to Work More

As is believed by Jignesh Barasara profile, true entrepreneurs won't work only to make great profits. They will always be guided by an urge to work more. This not only builds their greater interest at work but also keeps them ahead of others.

4. Dream about Future Plans

True entrepreneurs dream about their future plans with respect to their business. With utmost dedication and focus, they make a plan of action to achieve those future plans.

5. Strong Belief in Abilities

Such entrepreneurs possess abilities that take them to the top positions in their respective industries. As they continue to believe in their abilities, they are able to work harder. This helps them to grab opportunities purely based on their abilities and make the best of them.

Finally, it can be said…

Here, we read about 5 things that define who a true entrepreneur really is. Do you have these characteristics in you? If you do, then hold on to them. Soon, your abilities, passion, the urge to work, and business future plans will take you miles ahead.

Why it’s important for leaders to take emotional care?

Did you know? A leader is a like alike parent figure. All the employees look up to them to understand the culture of the company. If any issues or struggles come up, they try to leak out into the company and to the employees. The culture of the company is essential and that’s how the leaders exemplify the entire culture by making a difference if the individuals must step into or not.

When a leader is emotionally fit, they tend to foster and attract like-minded employees. It all starts with the top-level management doing the self-work. 

 

Let us take a closer look at the ripple effect.

 

When a founder is unable to reach the impossible standards that he has set for himself, ultimately it will result in becoming unhappy with himself. It will also become a burden of work after a point that will result in exhaustion.

Related Information: Jignesh Barasara – How to Rekindle Your Passion for Leadership

 

It all starts with the leader itself. When they feel good about themselves and their work, they will definitely be celebrating the wins by setting realistic standards for everyone in the organization. That’s how they realize and project the expectation to everyone.

 

Two of the most common traits of an emotionally fit culture are stability and integrity. They are psychologically essential from the time since they were babies. Similarly, a starter requires enough nutrients and an overwhelming environment to sustain for a longer span.

If we see at the very core, Jignesh Barasara explains that business is just a series of unique relationships. It all depends on the quality of the relationship that you have with your employees and clients. Certainly, that will direct your success in the long run. 

The concept of emotional fitness is aligned with the improvisation of your relationship with everyone that you interact with. It’s just similar to a customer service that builds amazing relationships and trust factor. There are a few characteristics that every leader must persist in becoming an emotionally fit individual. Some of these are:

• Healthy leadership. 
• Culture of play. 
• Culture of agency and trust.
• Belonging and community. 
• Proactive mindset. 
• Transparency. 
• Stability and integrity.

In addition to these characteristics, there are other factors that every business leader must abide by. Remember that emotional fitness is a journey that you are taking forward.

• Don’t forget to get the right therapy!
• Always go for soliciting feedback is awesome. Make sure that you have people around that give you early feedback.
• Make sure you attend various workshops and training on emotional fitness. Try willing support for mental health and provide company benefits to emotional fitness.

Also Visit: 3 things to do to advance your networking during the crisis

It is similar to a muscle. The more you work it out, the stronger it will be!

How To Make Your Business More Financially Sustainable In 2020

Well, we can safely say that 2020 is not the right year that anybody could predict. With all the uncertainty, every business must get back to reviewing their balance sheets and the budget for the remaining year.

Companies have started making multiple strategies to manage their finances and their revenues for the operation. Jignesh Barsara explains how can you make your business financially stable and this year.

1. Invest In Renewable Energy 

To spend huge amounts of bucks may seem like a disastrous idea. But in these uncertain times, investing in renewable energy can reap benefits for the latter. Yes, the initial expense and the investment may seem to be a little high on the budget. But sooner, you will start seeing the results and the savings in a quick span. If you can switch to solar energy, it couldn’t be any more right! Use sufficient solar panels and try making use of effective rechargeable batteries.

2. Switch Energy Suppliers

If reducing your energy bills by having solar panels fitted isn’t something that you are currently able to do, you could look at switching your energy supplier. See, there can be two reasons why you want to switch to a new energy supplier, which are:

- It might be more expensive than a few of your competitors.

- It may offer great deals to attract new customers.

When you make the switch, you are doing yourself a favor and the environment.

3. Switch Your Suppliers and Vendors

Make sure that you are fully reviewing the company that you are opting for your business vendor. If you’re not happy with your current vendor, it is a good time to switch to the new supplier. Currently, this can be a viable replacement and ideal option.

4. Outsource Some Business Processes

There are so many businesses that outsource their pool of operations to third-party vendors. Outsourcing is cost-effective solutions for the business and results in one of the efficient outcomes for the business.

5. Stay Positive Throughout Everything

This seems like a global recession and promptly has been an ideal situation that everybody especially. Nobody is aware of how long it is going to take and what will be the future impact of Covid 19.

Above all the tips and tricks that are mentioned, make sure that you create a positive outlook, and stay open-minded with your employees. Resilience will take you a long way!

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Four Elements to Pay Attention to While Growing Your Business

To run a business, it takes more than a couple of strategies in a fast-paced life. There shall be multiple challenges at one go. An entrepreneurial path is not straight and will have multiple bumps throughout.

If you have decided to walk on the same path, it is important that you start planning for its growth. Yes, as a new entrepreneur it is okay to have multiple questions on the way. It takes many resources to achieve growth and success. Do you need to understand if your business is capable enough to take multiple orders? So much so, that the quality doesn’t diminish. You need to question yourself if the team that you are handling is big enough to handle the work and the stress that comes along? To be able to answer all such questions, Jignesh Barasara has come up with some elements that one must consider while expanding or growing their business.

Customers

A business is tremendously grown by the increase in its sales. However it is important that you create a long-term relationship that your customers to keep the flow going. The clients become powerful brand influencers if you have the will to get them attracted to your brand.

Team

It is important that you have a strong team that includes highly-skilled professionals. All the team members need to work effectively in a group. Make sure that you are connecting with all the professionals that believe in the same goal as you. They must be ready to work hard to achieve the company’s long-term goals.

Know your numbers

It is important to understand and be aware of the financial situation of the company. Know the insight, that is the numbers of the company. When you communicate with your accountant, it will certainly allow smooth cash flow and will keep everything crossed and clear for future investments and the growth of the business.

Take care of yourself

It is important to take care of yourself amidst the work chaos. The startup life can be very exhausting, at times. As an entrepreneur, it is essential That you are aware of your mental well-being. They shall allow you to get off from the stress. To be able to grow your business further, first you need to take care of yourself. It is important that the company is in the right hands and the leader has the right mindset towards growth and success.