We often hear about the importance of hard work, dedication, and perseverance in achieving success in our personal and professional lives. While these qualities are undoubtedly important, there is another quality that is just as crucial, if not more so: devotion. Devotion is by no means easy to define as it can mean different things to different people. So how do you define devotion? Devotion is the unwavering commitment to a person, cause, or idea, and it can be the difference between success and failure. Moreover, I believe that devotion is more than just a feeling. It is a mindset that requires discipline and sacrifice. It means putting in the time and effort necessary to achieve our goals, even when we don’t feel like it. It means staying focused and committed, even when there are distractions or obstacles in our way. And of course, devotion isn’t always easy. There will…
“Good fortune is what happens when opportunity meets with planning.” ― Thomas Edison These words of wisdom can be applied to almost any and every thing in life, and especially so when it comes to emerging startups. As an entrepreneur, formulating a solid business plan should be the very first step you take towards building your enterprise. A weak business plan can be detrimental to an emerging startup even before it hits the market. It takes a lot to dream big and even more effort to put realistic numbers and plans to connect the dots between those dreams and their fruition. Hundreds of promising ideas and startups do not see the light of the day because of poor planning or lack of planning. Here are 5 ways in which a poorly thought out business plan can ruin your startup, and consequently the 5 indicators to help you recognise an impractical…
Plant-based foods have been gaining popularity in recent years, and for good reason. Not only…
Discipline is one of the most important traits for an entrepreneur. It’s what separates those…
If you’re someone who wants to try new things, think deeply about existing problems, and come up with creative solutions, then being an entrepreneur might be the perfect match for your ambitions. However, you might feel a little directionless or nervous about how to take your first steps in the business world, especially in 2023, when everything is moving at warp speed. From technological innovations and rapid advancements in science to unstable economies and growing disruption in the ease of doing business between various countries, it is easy to feel overwhelmed. While building a business requires great idea(s) and a lot of hard work, perseverance and patience along with a little bit of luck, here are 7 helpful pointers to keep in mind to help you be more successful: 1) Embrace Technology Technology is rapidly changing the way we do business. As an entrepreneur, it’s important to stay up-to-date with…
The world had just recovered from the pandemic and the resultant financial distress only to see more financial uncertainty from the ongoing geopolitical conflict between Russia and Ukraine. If that was not enough, the imminent threat of recession has led to companies laying off employees in thousands across the globe. Almost two-thirds of the members of the World Economic Forum’s Community of Chief Economists believe that recession will hit the globe in 2023, as the symptoms continue to linger from late 2022. The International Monetary Fund (IMF) has also predicted the incoming recession this year. What is Recession? A recession is a significant and widespread decline in economic activity that lasts for an extended period, typically at least two consecutive quarters (six months) of declining Gross Domestic Product (GDP). During a recession, businesses tend to reduce production, leading to layoffs and increased unemployment, while consumers cut back on spending. This…