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4 Tricks That Would Help Your Startup to Grow More

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4 Tricks That Would Help Your Startup to Grow More

Planning to set up a business and actually investing your time, money and energy to make it grow are two different things! When you plan to start a business you require many skills to execute it and make your endeavour a successful one.

While we see many such startups coming and going within some time, the ones with full proof strategies and ideas are sure to survive the barriers and go long on the path of success. For example, savage enterprises deal with CBD products and they could not have got hold of the market if they gave up when they started; now they are popular amongst the CBD buyers.

You just need some basic tricks to make your startups successful and thus, we are going to mention some such ideas below. Read on

  • Looking for low budget marketing alternatives– today, the technical developments have paved way towards many extraordinary and low budget marketing ideas that marketers before did not have! We can use the digital platform to accomplish our marking goals and thus, there is no need to invest a lump sum of amount in media publications and other such marketing strategies. Startups must keep this in mind and use thee low-budget marketing and advertising platforms to gather better audience engagement and to target the concerned audience for their products and services.
  • Focusing on remote working than investing much on infrastructure– again this is the advantage today’s entrepreneurs have over the previous generation- digitization! By using which they can do many such things which are budget friendly and good for their startup needs. Nowadays remote working is in trend; you can hire a freelancer for your work sitting anywhere in the world and make them do your work without investing much on the office infrastructure. It is easy and affordable, thus best for the startups.   
  • Building strong client-customer communication base– when you are new into any business, you should focus on building better client base rather than focusing on only earning profits. When you get the market name, you automatically get profits. Thus, building strong client-customer communication and taking care of the clients is always a better idea to hold on to business for long.
  • Centering on better quality than more quantity– your business reputation is made by how good quality of products and services you can give out to your clients. Thus you must focus on bettering the quality of your products and services rather than giving out more quantity.

The final take

There aren’t many who look up to doing business; most of them are interested in fixed monthly salaries to earn money. Only those who have the guts to take risks to go on to do business on their lives and not all get the state of success in the very beginning.

It takes years of hard work, dedication, time and obviously monetary investments also. Thus, one cannot really take uncalculated risks while forming a startup and plan some strategized steps so that even if they don’t earn huge profits, at least they don’t suffer huge losses.

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Business

The Special Place Of Free Online Meetings

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The present era is that of technological inventions and more and more people are turning towards them to make their lives easier and more productive. The world of business has changed a lot over the last two decades and the meetings that were conducted in presence of all the members are now conducted in their online presence but they don’t have to be present at a common venue. Good communication plays a significant role in the progress of a business.

There are many factors that need to be discussed among the administration, the management and the employees. In the past, the businesses used to spend a lot of travelling and that affected the productivity of the business, but today the free online meetings have made it easier for the businesses to save their resources for productivity. The free online meetings have provided the business community with the most efficient and cost-effective way of keeping in touch not only with the management and workers but with the present and potential customers too.

In the past telephone conference was used to discuss the business matters as well as the personal affairs, it was done by a three-way calling line. Today the video conferences have made it a thing of the past and the easy video conferencing has made its way not only to the business world but the homes of millions of people living at far off places. It has been playing a significant role in joining the lost connections and people who live apart from one another can now easily see each other with the help of latest apps and websites offering free online meetings and video conferences.

The use of free online meetings has become so popular that people who were lazy about making phone calls can be seen having video chats with their family and friends. It is only because of these free online meeting facilities that a soldier does not miss watching his daughter take her first step or eat her first solid food; he watches it through a free app on his android device. A son born in his father’s absence still recognizes him as he sees him on a smartphone every day.

The use of websites and apps like GoToMeeting is increasing at a very fast pace. Now the businessmen can save their time and money by using GoToMeeting to conduct their business meetings with their important clients and partners to meet pro.

GoToMeeting is one of the leading and most used free internet conference service providers. It has a number of features for conducting conference meetings. The number of participants in a meeting is not limited so it is easy for the businessmen to call large groups of people for video conferencing. There are thousands of businessmen across the globe that use GoToMeeting software for their web presence, transactions with clients and vendors.

There are a few GoToMeeting competitors on the market that have been trying their utmost to harm the growing popularity of this software. Talk fusion, Skype and SightSpeed are some of the strong GoToMeeting competitors.

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Recommended Reading for Tech Entrepreneurs

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Tech Entrepreneurs

When running a start-up, you’ll come up against obstacles all the time – fact! Being your own boss will be exhilarating but your challenging experiences will remind you that, running a business is a learning curve. But before stresses tip you over the edge, why not reach for a book that may provide some solutions? After all, knowledge is very empowering and can help with problem-solving.

Read something by someone with business expertise, who are pulled through plenty of mishaps over the years. Here’s our list of some inspiring reads to get you going…

The Hard Thing About Hard Things by Ben Horowitz

Although you shouldn’t mirror your success to another entrepreneur, this read is perfect to understand how Ben Horowitz built his fortune from the ground up. You’ll learn more about his time co-founding the capital firm And reason Horowitz and running it, as well as selling, buying, managing and investing in other technology firms around the world.

From this read, you’ll receive practical advice and tips on a range of different corporate issues. This includes firing executives, putting your company on the market, poaching staff as well as clearing any misinterpretation from your staff members. Once you’ve read this one, you’ll be excited to hear that his second book What You Do Is Who You Are: How to Create Your Business Culture will be released in October 2019.

The $100 Startup by Chris Guillebeau

If you need to learn from someone who describes himself as his own boss, this book penned by Chris Guillebeau will do the job. The full title of this read is actually: The $100 Startup: Fire Your Boss, Do What You Love and Work Better To Live More — so if you fancy living by those rebellious rules and make money at the same time, pick up this book on your next trip to the store.

Guillebeau doesn’t like to follow convention, or what we’re expected to do to please our parents. He advises that you no longer need to work nine-to-five to pay your mortgage, send your kids to school and book that trip abroad. You can set up and set sail on your own terms!

In this read, you’ll also discover some key insights from big players in the business who started their company with $100 or less. Who knows, you might feature in v2 of this book!

Disrupted: My Misadventure in the Start-Up Bubble by Daniel Lyons

You’ve probably heard of this one but never got the chance to give it a read. The Los Angeles Times actually stated that this read was “the best book on the Silicon Valley”. Although it was released back in 2016, it’s just as relevant to its audience today and is heavily entertaining.

You might not learn a lot about how to launch a start-up, but it does cover the ups and downs of the authors work life which is incredibly interesting. Although we don’t give you any spoilers, on one Friday morning, he received a call from his boss who told him that his job no longer existed — this just shows the everchanging landscape of the corporate world and how you need to keep up with the times!

Zero to One by Peter Thiel with Blake Masters

If you enjoy learning from the top dogs in business, this book is actually penned by a PayPal co-founder who was also an early Facebook investor, Peter Thiel, with the help of COO Blake Masters. The book is a condensed and updated version of online notes taken by Masters for the CS183 class on startups taught by Thiel at Stanford University.

At its core, the book is all about optimism for the future and how innovation is key. It also discusses how we “live in an age of technological stagnation, even if we’re too distracted by shiny mobile devices to notice” and that progression is key to success. Although the book has sold 2.5 million worldwide since its release in 2012, the original notes taken by Blake are available on his website here!

Founders at Work: Stories of Startups’ Early Days by Jessica Livingston

Although this book was released in 2001, the stories within it will be inspiring for all of the time. Written by Jessica Livingston, the book is a collection of interviews with famous technology moguls which poses questions about their early entrepreneurial years and the challenges they faced.

We know you’re wondering which icons are featured in this reading, and we don’t mind telling you! Expect to hear the tales of Steve Wozniak from Apple, Caterina Fake from Flickr, Mitch Kapor from Lotus, Max Levchin from PayPal and Sabeer Bhatia from Hotmail. Your mind will be blown away by their approach to business — from fleshing out an idea with their friends, capturing investors and building a multi-million-pound company.

The guest piece provided by UK company offering compliment slip printing: Where The Trade Buys.

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Business

5 Expert Tips to Increase your Credit Limit for Immediate Approval

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increase your credit limit

The Indian financial market has seen a boom in credit card usage in the last decade with an ever-increasing number of people who use plastic money instead of cash. Today, there are more than 36.2 million credit cards in circulation.

Credit cards offer various advantages over hard money or plastic alternatives. The convenience to buy with credit and pay for it later, numerous loyalty programs, entice many to use it as their default mode of payment.

5 Expert Tips to Increase your Credit Limit for Immediate Approval

These cards come with pre-set credit limits, that is, a limitation to the total amount of credit which an individual can use with each specific card or account, in case there are multiple cards.

You will enjoy various benefits if you have a higher credit card limit. It decreases your credit utilisation ratio, help you accumulate more reward points that can be redeemed to earn gifts, cash-backs, discounts, etc. and can even help to tackle an emergency with the substantial amount of available funds.

So, let’s take a look at how to increase your credit card limit to help you utilise the financial tool to its fullest extent.

  • Keep your credit utilisation ratio below 50% – Credit utilisation ratio is the ratio of the funds you borrow money from your credit card account and its maximum limit. It plays a crucial role in determining your creditworthiness. If you regularly spend more than 50% or 60% of your available credit, lenders will consider you as credit-hungry.Ideally, you should maintain a 30% to 40% credit utilisation ratio at all times. You will portray yourself as someone who is responsible with his finances. Lenders will automatically increase your cards limit if you maintain this recommended limit for some time.
  • Always pay the total due amount – Another way of how to increase your credit card limit is to make a habit to pay your due amount in full at every billing cycle. Financial institutions review your credit history periodically to find out how you are handling your money. If you create a history of timely, full repayments, they will consider you as a credible borrower and increase your credit limit.
  • Improve your CIBIL score – Every financial institution checks your CIBIL score before lending you credit. Similarly, a higher CIBIL score increases the chances of getting a better credit card limit. CIBIL score is a numerical representation of your financial history. Pay your monthly dues in time, stay below the recommended credit utilisation ratio, and pay-off your existing debts to improve your CIBIL score and become more eligible for a higher credit card limit.
  • Channel all your transactions through one credit card – Make monthly payments like utility bills, EMIs, and other essential expenses through one single credit card. Regular transactions and repayments will make your lender consider you as a responsible candidate for a higher credit limit.

    If you utilise only one card for regular payments, you will also accumulate more reward points. Cards like Bajaj Finserv RBL Bank SuperCard have reward programs that offer you 1 reward point for every Rs. 100 you spend on everyday purchases and 2 points for every Rs. 200 spent online. Use the card to pay your monthly bills and EMIs and collect a lot of points which you can later redeem for various offers. The SuperCard also has many other industry-first benefits like 50 days interest-free cash withdrawal from ATMs, easy EMI conversion, etc.

    Additionally, Bajaj Finserv brings you pre-approved offers for credit cards, personal loans, home loans, business loans, and a range of other financial products and services. Such offers not only simplify the process of financing, but it also helps you save a considerable amount of time.

    You only have to provide some necessary details online to check your pre-approved offer.
  • Increase your income – Earning potential is one of the most dominant considerations to determine your credit limit. If your income has increased recently, show it to your financial institution to raise your credit card’s limit. It is a guaranteed way if you are looking for how to increase your credit card limit.Credit card companies review a borrower’s profile every 6 months or so to judge their creditworthiness. If they see you as a suitable candidate, they will automatically increase your credit limit unless you request for it first. Various financial institutions accept online and offline applications, like an application through RBL Credit Card Customer Care as a request to increase one’s credit limit.

    Follow these tips, to increase your credit limit during the next revision period. Utilize your credit card wisely, make timely payments and stay within the utilization ratio.

 

 

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