Business
News

Rules for initiating Small Business

Challenges are a part and parcel of every business. There are these little things in business that we have to set right to cope up with these challenges. There are certain fundamentals that you need to set straight to get you right at your goal.

Let us see Some of the fundamental rules for small businesses:

Managing the optimum level of Cash:

Liquid cash is the backbone of every business. If we see the examples there are lot of cases where we see a lot of business getting down the lane due to insufficiency of cash, not lack of profits. Therefore, cash planning is very vital part of business as it can majority effect business working and operations says Gaurav Mohindra. Cash is essential for lot of things like buying inventory, cash payments, freights, supplies.

Focus on data-based Culture:

In the present scenario data is served as asset for many organizations. Tracking raw data should be your first step, to make business decisions. This will help you make better decision. The more information or data you get the you can extract from it. This raw data will help you Track the key performance indicators (KPI’s).

Keep track on all your margins on your Products and Services:

A lot of time while performing the daily operation, what a businessman forgets is the margin which is eventually the profit that the business earns. These contributions should be utmost priority as this what a business is working on and is its performance indicator says Gaurav Mohindra. Weekly check-up of the margin is essential to keep it on track, as when the trail of wrong margins are adjusted for long it always gives you huge losses.

Talent acquisition:

All the business houses should be very sure about the strategy for recruiting and retaining talent. What should be looked for is quality of talent in one’s business. Nothing should be done to just add the bulk of useless people instead less people with more skills should be added. Also, in house requirement teams should be there for tracking talent. Furthermore, business houses should initiate talent programs for retaining talent thereby enhancing their skills.

Also, while recruiting people what recruitment team should preach is the culture of the firm. As even when trained people are hired what they lack is the adjustment skills which is required to work efficiently in all organization. Beforehand a little bit orientation about the culture should be done.

Understand market sentiments:

It is always required for each business to understand and learn about the market sentiments of their specific industry says Gaurav Mohindra. Starting from Monday through Friday gather as much as information as you can about the sentiments of your industry that you area working in. Setting alerts about your industry like what your market is saying about you and your competitors is quite required in this present era.

These are specific points that you need to understand to get your business on track.

Covid Tests
News

Covid Tests for Schools and Camps

As the COVID-19 pandemic continues, subsequently does the need for the safety of the public, especially those in schools and camps. Indisputably, schools and camps are a hotspot for the spread of bacteria, sickness, and specifically, COVID-19. With COVID-19 being one of the most contagious viruses the world has seen, it is crucial to be progressive in hindering the spread. Schools and camps are swarmed with students and faculty surrounded by one another for hours a day, multiple days a week. With some children being too young and thus, unable to comprehend the seriousness of such a virus and the importance of proper precautions and protective actions, testing in schools and camps becomes essential.

Although society currently has the option of a vaccine, there are many individuals that are apprehensive regarding receiving the vaccine. There is growing concern with the uncertainty of the future effects that the vaccine might cause, if any. There has been a nominal number of cases with serious side effects from the vaccine. However, although nominal, such happenings have many worried and refraining from vaccination. A resolution to mitigate the spread from unvaccinated individuals is COVID-19 testing. Testing allows those that are unvaccinated to have the answers they need and to lessen the worry by others in society of an increase in COVID-19 cases due to those that choose to stay unvaccinated.

Gaurav Mohindra : Moreover, the vaccine is recommended by the CDC for those 12 years and older. With schools and camps for children that are under the age of 12 years old, it is reasonable to presume that a majority of the children are not vaccinated and thus, more likely to contract the virus. Evidently, the need for COVID testing increases for such predicaments. Children spend majority of their time in school or camp and therefore surrounded by many other children. Consequently, those unvaccinated and possibly infected by COVID-19 can rapidly spread and expose other children to the virus.

COVID testing allows schools and camps to become aware of not just those who test positive, but also to protect others from being exposed to those that have the virus and those that have been already exposed. Testing with allow schools to narrow down which students and facility need to be quarantined and prevent the possibility of reverting to remote learning. COVID testing is a way to mitigate the potential harm and danger that arises with a virus that has killed many and keeps arising in new variants.

The most crucial need for COVID-19 testing arises with individuals who are asymptomatic, meaning that they are infected with the virus but show no symptoms and will not develop symptoms in the future. The lack of symptoms is a dangerous consequence for individuals in the face of such an infectious disease. These individuals can essentially become super-spreaders because they have no way of knowing they are infected unless they are tested. This becomes exceptionally dangerous when those individuals are in schools and camps that are usually highly populated and involve students and facility being in close distance of each other. The only viable solution in combating the spread in schools and camps is through regular testing. It is the only way to recognize that such an individual is infected and to mitigate such a possible mass spread.

Although COVID testing is effective for mitigating the spread and giving a possible solution to accommodate those in society who may worry about the spread due to anti-vaccinators, COVID testing is also utilized for tracking. “The ability to track how many people are testing positive for COVID-19 allows society to understand where the current state of the pandemic lies. Regular testing, specifically, allows us to monitor any growth or decline in the spread and to implement effective management of the pandemic to efficiently combat any potential spread”, says Gaurav Mohindra of Northshore Clinical Laboratories.

“We have demonstrable data showing that an effective COVID-19 testing campaign can reduce the spread of COVID in workplaces and schools”, continued Gaurav Mohindra.

Undeniably, COVID-19 has caused a massive shift in the world and an immense amount of uncertainty. The pandemic started with people on lockdown, schools closing, business shutting down and the death of many. With the advances made due to science and medicine, we now have vaccines to hinder the spread but also COVID tests that allow for fast action and a clarity on where the state of the pandemic is. Specifically, parents, children, and faculty can find comfort in attending schools and camps knowing that a solution is being implemented to minimize the presence of COVID in such facilities.

Originally Posted: https://www.marketwatch.com/press-release/covid-tests-for-schools-and-camps-2021-10-12

Business innovation
Business, News

How has Innovation Helped A New Businessman?

In the running and over exploding field of entrepreneurship, innovation is vital for every company today, especially as the consumers are becoming more demanding and aware of their choices.

Gaurav Mohindra believes that entrepreneurs need an extra edge to stand out in their industry, and only innovation can provide that. He says that profitable exploitation of new ideas is crucial to a business because it improves the processes of the brand and it brings new and improved products and services to market and clients. It also increases the efficiency of a business and improves its profitability.

Marketplaces have become highly competitive, which is why the need to be innovative has increased. In addition, the competition has increased in the market due to broader access to new technologies and advanced trading.

The truth is that the key to any successful business is the ability to produce fresh new ideas because it keeps the operation running and the products and services fresh, explains Gaurav Mohindra. So innovation has to play a crucial role in any business venture.

Though you might think that your enterprise has a unique and exclusive way of functioning, in reality, there are high chances that many others would be doing the same, and they might be putting their best foot forward to succeed. 

If you want to stand out from the rest, you need to involve innovation as a part of your business idea. Innovation means doing something to the best of your abilities, but with some twists/amendments so that you can make your own unique identity in a cluttered market. 

Let’s understand in much detail how innovation helps new business people. 

  • It helps the business grow in leaps and bounds.

A study conducted by Gaurav Mohindra has proven that businesses that use innovative ideas can scale up their structure much more.

Innovation helps a business to gain more customers and grab a more significant share of the market. Additionally, it also makes it convenient for the company to grow.

  • It helps make a niche for yourself in competition.

The market is a vast place to compete, and it is filled with numerous individual businesses serving the same products as you are. 

To make your business strive and have its marketplace, you need to be innovative, as it has the potential to serve your audience with unique services and products. To do so, you can create or maybe recreate your product with a pinch of your personalized creative idea. 

  • It is vital for future growth.

Innovation is an essential factor that ensures consistent growth of a business from a future point of view. 

It plays an essential role in adding newer business models and products to the business. 

A sustainable innovation idea also ensures that current products continue to meet customer demands.  An innovative business can stand firm even if the market experiences constant vagaries. Such companies are untouchable, ready to face any challenges that future market changes can bring in. 

Business, News

Imperative for Starting a Business

If you are someone who is planning to set up a Small Business or big business you need to follow certain essentials. Here’s what you need to know about starting any business.

The first thing before setting up any business is the right set of perception and know-how. 

Let us see how you can set up a successful business opportunity.

1. Finding a Business Opportunity:

Opportunities are present around you, but you need to search for the perfect opportunity. It is a skeptical process when there is an abundance of opportunities present around you. But you need to find something that you have passions for, as this will work best for you says Gaurav Mohindra. It is very vital while selecting a set of business opportunities that your skills are vitally important so that you can easily enter the industry.

2. Setting up a Business plan

Without a proper business plan, there would be no way to perform and start your business. A full-proof business plan will give you a proper insight and a better understanding of your industry you are going to enter. The business plan should have a step to step guide for implementing the business plan. Also writing it or making a flow chart will help you out in a clear and better understanding.

3. Arranging for finances:

Finances are the blood of a business without which no activity can be completed. Invest in the business is a long process as there are many areas you need to invest in, right from arranging fixed capital to working capital loan says Gaurav Mohindra. Also for start-ups, if you don’t have enough funds, finding funds become a cumbersome task, therefore your business plan should be much competitive so that the lenders don’t think much before passing your loan or the public doesn’t think twice before investing in your company. 

4. Unique Business Name

Your business name should be unique yet understandable to the public. It should connect to your business activity so that the public at large could relate to it well. Also, it will help you distinguish yourself from other competitors, and will help in popularizing your brand bringing laurels to the company.

 5. Business License and Permits:

Another thing you need to think about before setting a business is the clearances. There is a lot of clearance and permits you need to pass before starting a business. All the paperwork and regulations are a must for setting up the business in a legal way. You need to tie up with the state authorities for various clearances, permits and paperwork says Gaurav Mohindra.

6. Business Location:

Another significant matter is the business location which should be such that which has proximity from the market. Your office or workplace should be easily accessible to the public. Location factors will attract a lot of factors like labor, raw material, purchasing. So, it should be selected keeping in mind all these variants. 

News

Profitable Business with Low Investment

Starting up a business is never an easy task. There are so many things which are to be considered while opening up a business such as land, labour, type of business, location, capital etc. But the most important thing is the investment says Gaurav Mohindra. Yes, money or capital really plays a very important role while opening up a business and therefore, people often get confused about which business they should start with while having a small amount of money in hand. Niece, following are some of the business options that can be open up with small investments:

1. Candle Making :

One of the best businesses which you can go for is the candle making business. Candles are used in large numbers and are in huge demand. There are multiple purposes for which people need candles. Moreover, these days, there are a variety of candles available in the market and people often look for new designs of candle. Candle making business requires a very low investment and can be opened up for a small amount of around 30,000-40,000 INR. Hence, you can now open up your own small scale business and earn huge profits without much risk and stress.

2. Fashion Boutique:

Fashion and clothing has always been in huge demand in the market. There are people who love to buy new clothes in order to maintain their status and looks. Girls are very picky in their outfits and try to get the trendy clothes whenever possible. Even men these days do not look for the budget while buying clothes says Gaurav Mohindra. So here is another business which can be opened with a very low investment but can help you earn huge profits. All you need to have is the uniqueness in your clothing. Fashion boutique is really in huge demand and can be operated for a small amount of money.

3. Delicious Bakery :

Bakery is another option available for the people who are looking forward to opening up their own business with a low investment. Cakes are always the favourites of people. On every occasion, people tend to cut cakes and celebrate. These days, the demand for muffins and cupcakes is also increasing, and this is the reason why bakery dealers are earning huge profits. Now, you can also earn huge profits with your very little investment. Open up a bakery right now and offer good services and delicious cakes to your customers and rule over the market.

4. Social Media Management Services:

There is no doubt that these days, social media is playing a very great role in the lives of people. Whether these are our big celebrities, or we talk about normal common men, everyone is trying to manage their social media accounts with great efficiency and effectiveness. People with great fan following always try to maintain their social media with beautiful pictures and graphics but not everyone has enough time to maintain their social media accounts. And this is the reason why social media management services are leading in the market. People who are providing social media services are earning huge profits by investing very low says Gaurav Mohindra. So here is why social media management services could be the best business option that you can choose for a low investment.

5. Selling handmade Products :

Each one of us has our own talents and skills. There are many people who are blessed with the skill of making handicrafts and art. So if you are one of those people who have that artist and crafting person in them, then you can choose to open a handcrafts business with your limited investment. You can definitely earn huge profits from this business.

Originally Posted: https://vocal.media/journal/top-5-most-profitable-business-with-low-investment

News

Business Ethics Are Important

The smooth functioning of the organization is possible by the Business Ethics. Moral principals in business are essential. Business ethics are moral beliefs that help in decision making in the business to achieve success. Following the regulations enhance the business growth and helps attracting more business. Different sets of rules, environmental regulations, salaries of employees, are certain example of Business Ethics. Another such regulations that become the backbone of the business is stopping inside trading and conspiracy, that must be looked for to attain minimum standards for business ethics and smooth success. The principals governing business has changed over time, moreover every business organization have different business ethics.

The captain of the enterprise must stick to the principals, this helps the workers at the base levels to follow such ethics as suggested by Gaurav Mohindra. The leader should lead his team of employees so that they would follow him blindly due to the management’s ethical practices.

However, the company flourishes by leaps and bounds once the ethical foundation of business is laid. It helps in attracting the best possible talent for the company and building and maintaining a good reputation. The bond between the employees and the management becomes stronger when the top brass of the enterprise ethically run the business. The principals of the business vary from industry to industry and from one country to another. The moral values of the business are sometimes compromised due to the nature of the business’s operations. All media companies must abstain from showing those programs which are not good for the children, thus being ethical and promoting true values. The companies associated with energy must stick to the moral principles and do not play with the environment in particular. The firms that produce energy, particularly nonrenewable energy, should not do anything that forces it to answer various regulatory bodies suggested by Gaurav Mohindra. The environment should be at the top of the priority list of different power companies if they want to avoid notice from the various regulatory bodies. Various studies have revealed that business ethics leads to better corporate governance levels and supports the policies of different companies. There are different types of business ethics, such as personal responsibility, official responsibility, corporate responsibility, economic responsibility, legal responsibility, personal and business loyalties, and technical morality as said by Gaurav Mohindra. Keeping promise, being trustworthy to the customers, being loyal, fairness and concern for others are few principals of ethics in business. Judgment of right or wrong is one of the importance ethics in business that must be taken care of. All decision making by the board members in a business should primarily be influenced by the culture of the successful company. These are the certain norms that becomes the foundation of the business and helps the business to flourish and hold its roots in the market.

News

Send Money To Friends Through Facebook

Facebook announced a pretty cool feature today!  Starting today, Facebook users in France and the UK can send money amongst friends via a peer-to-peer payments service.  Facebook indicated that this is one of the most requested features in Messenger.

The new peer-to-peer payments will not be available in all of Europe yet, as it will only be available in UK and France. But, I’m sure if it’s successful it will be rolled out to a wider audience.

Facebook states (and we agree) that this is a convenient and secure way to send and receive money right in Messenger threads.  It will make it fast to send money without leaving a conversation. They have also added an animation of falling Euros and British Pounds, depending on the country, just for fun.

From Facebook – this is the first time Messenger has extended p2p payments since launching in the US in 2015, and since then, p2p payments in Messenger have been widely used to make life more seamless. Some recent Messenger research has shown it’s not just the transactional act of paying someone back, it’s the emotional importance of doing so. Reciprocity fosters happiness and builds trust. We’ve heard that people often want better ways to express themselves when sending money, like adding accompanying text, emoticons, pictures and GIFs; of course Messenger is the best place to do many of these things, so we hope we’re bringing even more functionality to the art of conversation.

The peer-to-peer payments are expected to roll out to everyone in the UK and France over the coming weeks. With this feature, people will be able to send money to others in their country (from a person in the UK to another person in the UK, for example) but not across borders.

For further details on this new Facebook feature, check out:

https://newsroom.fb.com/news/2017/11/send-money-to-friends-in-messenger-now-in-euros-and-british-pounds/

The postings on this site are authored by Gaurav Mohindra, and do not represent the postings, strategies or opinions of my employer, or any other party.  References to other articles are linked to most posts, should any referenced article require a formal citation (Chicago Manual of Citation), please contact us.  All referenced trademarks are the property of those trademark owners.

News

Amazon to Start Selling Technology Products in Whole Foods at Black Friday Prices

Amazon.com Inc. is going to start selling technology products in Whole Foods locations at discounted prices.  The deals are not limited are to just Thanksgiving related food items but popular technology products.

Amazon announced that it will offer the discounted deals on some of its products for the entire week before Thanksgiving.  The discounted items will be available at more than 100 of its Whole Foods Market locations.

The discounted products include the following:

$10 off the Echo Dot

$20 off the newest Amazon Echo

$30 off the Echo Plus

$30 off Kindle Paperwhite

$20 off the new Amazon Cloud Cam

$20 off the Fire 7 tablet

$30 off the Fire HD 8 tablet

Further product details are available at www.amazon.com.

These technology products may not be what one normally expects to see at a Whole Foods, but shouldn’t be a surprise since Amazon’s recent acquisition of Whole Foods.  The brick and mortar retail channel will also allow customers to touch and feel these Amazon products before they make a purchase.  It would be helpful if these items could be demo’d too!

Amazon will also unveil “Amazon Pop-Up” stores at Whole Foods locations in Rochester Hills, Michigan, and Chicago on Nov. 13; in Davie, Florida and Pasadena, Calif., Nov. 14; and in Denver Nov. 15. The staffed pop-up shops at Whole Foods stores will allow grocery shoppers to play around with Amazon devices and get more information about services including Amazon Prime.  Keep an eye out for more “Amazon Pop-Up” stores in your area.

Amazon has not yet made Black Friday or Cyber Monday plans for its online retail business public. So it’s not clear if the deals offered at Whole Foods will also be offered online at Amazon.com.

For further details, check out: https://www.thestreet.com/story/14386421/1/amazon-to-sell-its-own-devices-in-whole-foods-stores-at-black-friday-prices.html

The postings on this site are authored by Gaurav Mohindra, and do not represent the postings, strategies or opinions of my employer, or any other party.  References to other articles are linked to most posts, should any referenced article require a formal citation (Chicago Manual of Citation), please contact us.  All referenced trademarks are the property of those trademark owners.

News

Apple News: Cable assemblies conveying high speed signals while providing reduced signal noise, radiation, and susceptibility to interference.

HDMI cables have quickly become the global standard for connecting high-def equipment audio/video equipment. HDMI is widely recognized as the best all-digital interface delivering both quality and ease of use. Most of the largest consumer electronics, PC and mobile device manufacturers incorporate HDMI connectivity into their products.

So, it should come as no surprise that a new Apple patent was recently published having the following title and abstract:

Ground bar for micro-coaxial wires in hdmi cables

Cable assemblies that may convey high speed signals while providing reduced signal noise, radiation, and susceptibility to interference. These and other examples may be readily manufactured. These and other examples may provide cables having a reduced thickness.

From the patent application, Apple provides the following example of what they’re seeking to capture: An illustrative embodiment of the present invention may provide cable assemblies having a reduced thickness by providing an internal strain relief for the cable. This may eliminate the need for a conventional strain relief that typically wraps around an outside jacket of a cable. These and other embodiments of the present invention may provide a cable having hollow tube in or near its center. The hollow tube may have one of a number of different cross-sections. For example, the hollow tube may have a star-shaped cross section, a circular cross-section, or other shaped cross-section. Stiffening rods may be inserted into the ends of hollow tube. The stiffening rods may prevent the cables from being bent at a localized point and may instead distribute the bend radius over the length of rod. In these and other embodiments of the present invention, the hollow tube and rod may be replaced by a plastic or nylon rod. In these and other embodiments of the present invention, these hollow tubes and rods may be in or near a center of the cable or elsewhere in or on the cable.

The patent application was published on August, 3, 2017 – and has the following publication number: US 2017/0221604 A1.

The postings on this site are authored by Gaurav Mohindra, and do not represent the postings, strategies or opinions of my employer, or any other party.  References to other articles are linked to most posts, should any referenced article require a formal citation (Chicago Manual of Citation), please contact us.  All referenced trademarks are the property of those trademark owners.

News

A?: Here’s A Solution For Fixing That Annoying iPhone Bug

Apple products are user friendly, include a great design, plug into the Apple ecosystem seamlessly, and provide an amazing user experience.

Apple’s new iOS 11.1 echoes all of Apple’s known attributes and overall, is a great update. It definitely makes iPhones more user friendly, and it actually frees up space on users’ devices.

However, there is an annoying glitch that’s plaguing many users.

Many users are reporting a strange symbol appearing when typing the letter “I” on their iPhones.

This glitch goes beyond just iPhones but also affects users who updated their iPad or iPod touch to iOS 11.1.  Users are finding that the letter “I” is autocorrecting (or being replaced) with the letter “A” with some kind of symbol next to it, either a “?” or barcodes.

Apple is aware of the bug and has provided guidance and some workarounds to solve the problem.

Apple provided a workaround when the bug first became an issue over the last week and seemed to resolve the issue for many users.  However it now seems as through users can update their devices to iOS 11.1.1 to fix the issue themselves.

The following steps walk you through correcting the glitch on your own:

  1. Connect your device into a power source, and make sure you’re connected to the Internet with Wi-Fi.
  2. Go into your Settings > General > Software Update.
  3. Select “Download and Install”. A message may pop up asking to temporarily remove apps because iOS needs more space for the update, tap Continue or Cancel. Later, iOS will reinstall apps that it removed.
  4. To update now, tap Install. Or you can tap Later and choose Install Tonight or Remind Me Later. If you tap Install Tonight, just plug your iOS device into power before you go to sleep. Your device will update automatically overnight.
  5. If you’re asked, enter your passcode – then type in your password and the update should conclude.

Apple has a great Support Page – which answers most questions, so check it out regularly for updates and tips!

The postings on this site are authored by Gaurav Mohindra, and do not represent the postings, strategies or opinions of my employer, or any other party.  References to other articles are linked to most posts, should any referenced article require a formal citation (Chicago Manual of Citation), please contact us.  All referenced trademarks are the property of those trademark owners.