How to Become Rich: 11 Great and Proven Ways

How To Become Rich? Very Easy, Plant cash Tree and become Rich 🙂

how to become rich

Before I start to pen down anything, let me ask you first, How to become Rich or how to become rich fast? We all know getting rich is an amazing feeling, so tell me fast.

Seems to be a complicated question or may be a simple equation, right? Earn more money and get rich, correct. But here is a great saying:

“It’s simple arithmetic: Your income can grow only to the extent that you do.” —T. Harv Eker

And trust me there is a limit as per above true saying, but the good thing is, it is not impossible to know how to get rich and the bad thing is no one can become rich quicker or become rich overnight. So question remains the same, How to become rich then?

Well, answer lies in some proven, practiced and repeatable steps that can make you rich. These steps may take some time since there is no secret of becoming rich quicker but I am sure you will find yourself in a pool of success soon and you will come to know how to get rich.

Not much money to invest? Not having huge income source? That’s ok, you can still become Rich. There are definite ways to get richer.

So now let’s start exploring all options quickly to become rich:

How to Become Rich: 11 Great and Proven Ways

1.Your Second or Multiple Income Source

Yes becoming rich is not going to happen overnight until you are born with silver spoon or born wealthy.Remember there is no solution for the great question how to get rich quick. But we can make it possible by taking some amount of time. Ask your self once how can i get rich?

The simple thing is that we have to create another source of income apart from our 9 to 5 job.

If it is possible for you, create more channels of income. Now is the time when earning from home is also possible. People are making plenty of money just working from home using internet.

I have written an Article on How We can earn money Online with 15 proven Ways,See what suits you best.

There is no limit to earn money from internet but we have to start first. You can sell products without even owning any product. And there are multiple ways of scaling your online income.

Start finding even an Hour from your busy schedule, explore earning options and your alternate earning stream that you can do it after your regular job. Stick to it, results may take some time to show, but trust me everything will count. Just remember:

“You can’t work three hours a week and make $100,000. Get rich quick doesn’t work. Crock pot mentality always defeats microwave mentality!” —Dave Ramsey

 

2.Saving Money is to Earning Money

I have always said saving money is earning money. Financial crunch can be control to a certain extent by reducing expenditure of resources.

Believe me or not every penny saved is worth for a healthy wealth for your future.

Used the most vital theory, which say “Canon of Financial properties” before purchase or investing on anything.

Which simply means refer to some set of rules and checks before purchasing or investing on anything that marks your financial decision.

Learn 19 best and Easy ways to save money.

Saving money not really require to cut down your necessity but to spend wisely. That way you will see your Wise money. There are small things in our daily life that costs us some extra bucks. Trust me these extra bucks is a huge amount in near future.

Saving money is no art when you have a perfect money saving plan.

 

3.Manage Your Personal Finance Better

This is one of major factor that contribute our answer on how to become rich. It is a combination of Earning, Saving and Investment.

We should use our hard earned money in such a way that it should work for us. Manage personal finance is no more an art when you are hitting your financial goals correctly. Look for a smart investment plan that works for you. Choose small and safe then make it large. Smart investments are required looking at your future goals.

But there are more factors apart from investment that affects your finance. You need to take best controls on your money flow. So it is basically your Wise Money.Remember easy way to get rich is just a saying.
Try to best manage of your finance in spending, analyzing and controlling money which provides justice to your financial goals.

For all these factors make sure to have a systematic and successful track on the way to becoming rich soon.

Learn how to manage your personal Finance in better ways with 15 great Tips here.

 

4.How to Become Rich when You Invest Early?

That was the question which contains answer within. No doubt the sooner your start the chances of becoming rich is easy and fast.

Before I say anything about this, looks at the picture below about investment:

Become Rich when You Invest Early

So above picture clearly explains, when a person invests 20K every month for 20 Years, Maturity amount received will make you Millionaire.

Now suppose you are 25 years now and you have started investing, so at the age of 45 you can see your return. Now think about a person who started investing at age of 30 years, so in this context you are 5 years ahead in becoming richer than person who started investing late.

Look for some of best investing schedules around you, could be PPF, investing in Mutual funds(risk calculated),LIC schemes etc. Some of bank account investment is also not bad with no risk involved are Recurrence deposit, Fixed deposit and goal based deposits.

 

5.Time Is Money

Here is something really important to understand:

“Every day is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each.” —Christopher Rice

I hope the above words described everything what I wanted to say.

Now here is a wonderful cartoon by Polyp which tells us something in different way:

time is money

In your daily life you may see many people spending their lives like they have an unlimited amount of time. And before they know the importance of time, it is too late to realize anything- remember the famous rat race?

Some spend their time gaining wealth and success, some spend on travelling, others have priority with time on partying and shopping, nothing is bad, it is all about how you want to spend your time and your each moment. Ask yourself – is time finite or infinite? Now here you got your answer on how to become rich, correct? If not, see your clock and ask yourself what was time an hour ago and how did it just ran out? You may have not realized due to busy in your work but minute by minute it just passes away.

Here is what Steve Job said: “Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.”

 

And finally remember, “The only difference between a rich person and a poor person is how they use their time.” —Robert Kiyosaki

 

6.Become Rich by Starting Your Business

Remember one thing, just like you can only spend the money you have there is limit on saving too. But it is your potential that can earn you limitless money.

So start your own business or company or a start-up. Earning from your regular job can earn you money for only covering your living and necessity but not the amount that grows exponentially by time.

The solution on how to become reach can easily be resolved by money you earn from your business. There is classic saying, no one has even become rich by regular job, but it is business that makes them rich.

You can start any business online that you think you have skill for it. You can even sell products by opening your e-commerce website. Just remember your first earning can take some time. So be patient and be always on right track. Keep trying for best results, it is like get rich or die tryin.

 

7.Gain New Knowledge and Develop Great Skills

Here is something good to digest:

“Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.” —Zig Ziglar

Have you ever thought about this? No doubt, most of world’s wealthiest people are also smartest people in the world. The key is to constantly updating ourselves with new skills and keep developing our knowledge.

These not only takes us to a new high level every time when time demands but also help ourselves against hard time and challenges. To overcome challenges we have to be ready. New skills and knowledge can also help us to get success in our fields and open path for becoming rich faster.

By gaining knowledge you can better understand marketing trends and the ways to deal with them, this will help you gaining more sales with your business. There are also many things we keep learning when we try to develop our skills and knowledge that leads to financial success.

 

8.Another Working Hand

Believe me or not, if you are married and your wife is also earning it is easy to manage finance. Not only day to day expenditures will be easily managed but future goals too. Being two earning members you will have extra money to plan your future goals.

There will always be extra amount for investment and savings. Both earning members can then plan to convert some amount into a sum of large amount in various ways. You will be able to manage your finance even better.

In similar way, a better working partner or co-founder can help to achieve success goals easily for a company.

 

9.How to Become Rich with Your Luck?

Now this is something I want to include in the list. You may be playing online games like poker,rummy, or cricket games on dream11,

games on paytm or any lottery etc.. Do you still believe in knowing how to get rich quick ? Keep reading this section.

These are some ways you can become rich. But winning is not guarantee. I even personally not advice to go for this method. Remember there is no short cut of earning money. But people have their choices, if you want you can try your luck sometimes. Do update me if luck favors you for most of times on these online games and if you were able to lock some hefty amount.

You may end up losing too much money and blame your luck. So let’s make sure this should never be the case.

 

10.Take Risk

There is point at times when we have to go ahead and take risk in order to grow.

Remember “The biggest risk is not taking any risk.” So launch your start-up with idea to grow in such a way that was not possible with 9 to 5 regular job. Solve your query for how to become a wealthy person by yourself.

Your start may be slow and could be disappointing, but remember no one has become rich overnight.  Just to make sure risk is calculated and we do have a backup plan.

I started a placement consultancy which was miserable failed and for next 2 years I was unable to launch any start-up, recovery took some time. I did some mistakes and I want to make sure you should never repeat that. I have summarized my mistakes, and also success visions that I could have followed but anyhow failed.

“What’s keeping you from being rich? In most cases it’s simply a lack of belief. In order to become rich, you must believe you can do it, and you must take the actions necessary to achieve your goal.” —Suze Orman

 

11.Become Rich by Marrying to Wealth

We not only listen in stories or watch in movies but in real life you can become rich by marrying to a rich man or women. Say it a luck by chance, self-made luck or your lucky love but trust me heart brings out wealth to you. And this is how to become wealthy with one of ways which i don’t really prefer, but still work.

Did you heard of divorce cases where divorce has been settled with a huge amount of money? Yes it happens and there are many examples you must be knowing. But that doesn’t mean marrying for only money and then get separated. Real love can also be found in your partner. So get lucky in every ways.

 

CALL TO ACTION !

Now my efforts will be wasted if you are not going to mark your track on the journey of how to become rich. There are ways to get richer and I have never said it is going to be easy task but we are the one who can achieve it. You remember the classic saying “All riches have their origin in mind. Wealth is in ideas—not money.” And above are some of best and proven ideas that makes us rich. You follow some, no doubt rich is not a far state to achieve.

Did I miss anything? Let me know on comments and I will add it in above.

How a Working Wife can Help to Manage Finance Better

 

Do you know! A working wife can bring some magical touch to your financial goals

How a Working Wife can help to Manage Finance better

Image source: pixabay

 

Believe me or not she can help in household expenditures thereby making a better financial condition around the family.

You are now having extra income for saving, investing and planning future financial goals. I feel myself in a better financial position as my wife is working and she takes care of equal proportion of expenditure thus giving us a large room for our financial goals.

There are some real life experience which I am going to share with you and trust me every experience is not less than anything magical.

 

How a Working Wife can help to manage finance better

 

1.She is Your Hidden Angel that can Turn Your Dreams True

It was time when we planned our first Car. I always wanted to have one of best Car in my budget with the Top Variant in segment. But with the Budget I was falling little sort of half of the amount, so initially I decided to go with top 3rd Variant from basic and not the highest one.

When my wife came to know about my desire, she did not wanted me to turn down my choice or I should better say Happiness. She helped me financially to buy Top Variant model of one of best Car in segment, which alone for me was not possible considering household expenditures as well.

 

2.Working Wife Can Help You with Some of Bigger Financial Decisions

We were looking to buy our sweet home and we were sorting our options, such as 2 or 3 bedroom apartment, Individual house, managed Villa projects etc.

Buying a house is a very big decision and there are many hidden expenditures apart from front payment and installments.

If my wife would have not supported me financially we might have not able to do this huge investment above than multistory 2 or 3 BHK apartment. We went for individual house and trust me it is not possible for an average earning single family member to do such a big expenditure and see dreams coming true into reality.

 

3.Valuable and Useful Suggestions When Comes to Future Financial Investment

A working wife will be having little to more knowledge on investments. Together with discussion we can agree on some future investments which suits us best and will be fulfilling our goals later in future.

The front payments and installments thus can be better planned and to be divided between two. With two earning family member deciding a common financial goal is easily and manageable without hampering daily or monthly basic expenditures.

 

4.A Better Home And Family Budget

When you have two family members earning, expenditures are likely to be divided. Like a working wife can takes care of children school fees, maid and other small expenditures like phone bills etc.

While husband can let his salary into EMIs, other financial installments, future investments and occasional shopping.

In this way a better budget can be carried out with both of earning members contributing and sharing financial loads.

 

5.Better Day to Day Family Management

A Working wife understand better needs of a family. She understand with changing time what is best for family members.

She takes equal responsibility in managing day to day family needs and budget, weather it is paying bills, pickup children from school, daily expenditures, monthly budget planning etc.

 

6.Working Wife is Updated and Confident Partner

Since you have a working wife so she should be more confident on many things and must be much updated about the outside world. She should be able to present herself in better way and can carry herself with a better personality.

She should be able to understand her partner in better ways in terms of stress and daily profession work. She understand late and odd time working and support you in better ways. In short you can say a modern wife who manage things better.

Likewise understanding Finance is also no different, she will be able to understand and contribute for a health financial conditions for family.

 

So what we Know Now !

I am sure there are no doubt left for comparing housewives vs working wives or you can better say housewife vs working women anymore. There are also some disadvantages of working women but there are also housewife problems we must need to understand them.

 Above are some of wonderful experience I feel from my life, list may grow more and more. But I want your support to let me know what better experience you feel and think a working life partner can contribute?

Please comment and let me know so that I can add to the above list.

 

Also read:

15 Ways of passive income source and see what suits you best

 9 amazing ways to pay off your loan early

Know best 19 ways to save money in India.

 

15 Great Tips to Manage Personal Finance in India

5 Great Tips to Manage Personal Finance in India

Manage personal finance in India is no more an art when you are hitting your financial goals correctly.

But this is not the case with everyone, we all have some liability and at some point we see no fair justice with our money. Therefore it gets difficult to manage personal financial planning in India.

Manage personal finance is not all about investment but it involves all three factors Earning, Saving and Investment. So to be on right track  personal financial management tips are very important for financial growth.

I am strongly not recommending to reach out any personal finance planner India type services or use personal finance software India or any personal finance app India because every person has its own requirements and these does not fit practically.

I am trying to bring best out of personal finance management tips or money management tips India from my experience.

15 Great Tips to Manage Personal Finance in India

1.Create Passive Income Source or More Than one Income Source

You are already working somewhere which is giving you a fix salary every month. Push yourself to create a passive income source as well.

Find some time in your daily routine be it 1 hour or more, see what suits you best and create another earning stream. You need not to go out and work somewhere but you can manage your personal finance by online earning. Yes it is possible.

To make sure our financial management is on the right track despite of extra investment or expenditure we need to make sure there is some alternate income source.

You can earn from your writing skills, create a passive income source from social platforms like YouTube, Twitter ,Facebook etc.. There are many resource available from which we can start our alternate income. 

 

Choose from 15 Ways of passive income source and see what suits you best.



 

2.Get Your Money Works for You

Indian financial planning is very important, Therefore don’t let your money just sit into your saving account. Create an investment plan. Choose small and safe then make it large. Investment plans is an individual call and one can invest depending upon requirement.

You can invest in Fixed Deposit and expect a return of 3% to 7% or depending upon current rates.



Liquidity funds are also a good option with a return ranging from 5% to 8%.

Other options are PPF,Equity,Mutual funds and many more. Make a plan and see what suits you best. When it comes to investment, personal finance planning in India in really important.

One can also choose a small reoccurring saving by using RD for 6 months or an Year then after maturity the bulk amount can be used for some big investment.

 

3.Pay Off Your Loans or Debt as Early as Possible and manage personal finance in India

There isn’t a true justice with our financial goals if we are not able to get free from our Loans and Debt.

Paying almost double amount with EMI as compare to Principal amount really hurts. Do some extra payment with your regular monthly payments. There are also many ways to finish off our loan.

Make a plan and see if any small contributions towards your debt clear your loan early. Give it a try, it is worth. I was able to pay my loan early with these small contributions.

If you have multiple EMIs, then best advice i can give you is repay the Loan having highest Interest. 

Financial management isn’t get its true meaning with paying unnecessary EMIs. Either few small amounts or one time big amount can be useful to get rid of your EMI. Just think about it.

 

Learn 9 amazing ways to pay off your loan early.

 

4.Your Best Ways of Saving Money

Personal finance management is incomplete without great savings. Know your priorities and excel them.

Make a budget and follow it.There are multiple room of savings and many times we carelessly ignore it.  Point out those and try to make best of your budget by keeping track of all priorities.

Personal finance tips India should be said to be successful when we learn the art of saving money beautifully.

We can save money on electricity, on Vehicle fuels, Travels, income tax, cashbacks etc..There are many saving options we may never have think off. We should better utilize those options.

After-all saving money is equal to earning money. You save money and i am sure money will save you at your time when you need it.

 

Know best 19 ways to save money in India.

 

5.Read More on Personal Finance Management

There are many resources available on internet and also in form of books. There are also many personal finance India blog and personal finance magazine India, read them to have overview of different practical approach towards finance management. These are blogs on personal finance which provides useful information.

Some of my best personal finance blogs are:

  1. Jagoinvestor 
  2. Moneyexel 
  3. Moneycontrol 
  4. Onemint 

Try to follow some of best recommendations blogs on finance that suits you best and not all. There is learning in each and everything , just like not all 5 fingers are same , everyone’s personal finance is also not having a similar track. Try to follow above mentioned or some more personal finance blogs India for a good finance understanding. You can also follow some finance blogger or financial bloggers in India as well.

 

6.Always Spend Based on Your Importance and Manage Personal Finance in India in even Better Ways

You can always go for a higher range of cell phones , Cars, Accessories etc when you already have one in good working condition. But do you think it is really going to do any justice for you?

Spend on the things based on your importance and requirements. There is no limit of throwing your money on great market tricks. Check out yourself what is important for you and your family at present and prioritize your spending according to it.

Make your money as Wise Money when it comes to expenditures.

 

7.Borrowing Habit is Bad for Your Finance

There is a great Saying “Cut your dress according to your cloth“, meaning Limit your expenses according to your earnings.

Now there has been situations with me in past when i wanted to Buy something out of my budget and for that i was ready to borrow money from others, this was just to fulfill my desire. Not buying things never have affected my work or life anyways.

So what i got ? A debt to be repay from my next month’ Salary.

Better plan for something and buy from budget. If things are at higher cost we can plan it in few months rather that disturbing our current finance.

 

8.Your Working Partner ( Husband or Wife) can Bring Some Magical Touch to Your Finance

This is my real life experience when my Wife brought great help in managing Personal finance.

After a long break she joined office again and from next month we were having some extra room for finance management in better ways.

She started taking few equal responsibility in managing day to day family needs and budget, weather it is paying bills, pickup children from school, daily expenditures, monthly budget planning etc

Finance was running on the straight tracks again.

Check out more how a working wife can help to manage finance better

 

9. Insurance are Good for You and Family

If you have not taken any medical insurance for yourself and your family please take one. Bad times in medical terms can loose us plenty of money that can shake us financially from the core.

Buy a good medical insurance that provides good coverage for you and your family.

Likewise Term insurance is also beneficial for your dependents. Choose a good insurance company with good reputation of claim settlement.Personal Finance India is incomplete without all of these.

Insure a good coverage amount such that your dependent will be able to take care of themselves for most of their lifetime. Investigate some of best insurance available in the market and choose what you think is best.

 

10. Manage Personal Finance in India by Dream Deposit or Goal deposit investment

Now here is a catch. It is basically a Saving we are doing with interest rate similar to Recurring deposit of your bank. But we set a Goal for saving, it can be small of Big amount depend upon a Goal you set.

Many banks are having this Goal based saving like HDFC having Dream deposit, ICICI having i deposit etc..

I had planned for a small vacation and so i started saving small amount for this dream every month. This was totally disciplined kind of saving and maturity was deposited to my main account. 

Dream deposit

The idea is clear, make some goal based investment, no matter it is small or big. Even if it is small, give it some time and you could see bigger results.

11.Know Your Tax Deduction and Best Way to Save some amount

We all pay income tax and also we try our best to save money from tax deduction. There can be some gap in knowing best ways to save more. Consult with a good CA or CS for better ways to save your taxes.

After-all we should not be a food of our money, we should know how and where deductions are made not for only Taxes but also for our monthly salary.

Check all your deductions and payout depending upon your annual flexible and investment plan.

 

12.Stick To Your Monthly Budget and Manage Personal Finance in India

Making a monthly budget and Sticking to it is not an easy job, but trust me it is not so difficult also. Once you started for a month, it will continue automatically for next month and you will realize you are making a track record of your monthly expenses.

Keep a record, but make sure keep it is easy and simple. Check for any gap where an extra money was lost which could have been saved. No matter what, try not to take a jump across your monthly budget. Some urgency is excused but make sure to follow in disciplinarian manner.

 

13. Vacation and Luxury Expenses

Trust me or not, this is also an important factor that contributes to a healthy financial management.

We all love to go out for vacations, but there are some silly financial mistake we do in terms of expenditures.

Have you ever think of, a off-season can be a jackpot in terms of lower rates on every destination? Try it, it is worth.

Likewise, Check expenses on your category of hotel room we book, why not after-all we are spending money only for sleeping for night, be it a executive room,deluxe or super deluxe room with balcony.You can also buy tickets in advance to save yourself killing your extra money from your finance as compare when you book ticket near to your journey.

Check 14 ways you can save money on Vacations and Travelling

 

14.Keep Updating Your Budget

I know this is some sort of boring exercise but it is important that we should follow it when new item gets an entry to our budget.

It might be possible you have taken a new policy for your child or admission to school. The new expense budget should be exercise well with this.

Add items and adjust well so that new expense fit healthy to our financial management and planning. Making a budget is easy but keeping a good track of it is also very important.

 

15.Choose Your Friendly Debit or Credit Card

I am not a true lover of Credit cards but i am not even against it. In-fact i see some of better advantages on credit cards as compared to debit cards. Spending is other thing. If you do not have control , then even debit card is not good for you.

Make sure Credit card is your best friend in managing expenditure. Swap only the amounts that you can repay easily without disturbing your finance.

 

CALL TO ACTION!

Now it is your time, i can keep adding things but if you don’t give it even a thought , it is useless for me. To reach our financial Goals and to get financial freedom, Personal finance planning in India is really important. Above are some best personal financial tips from my experience. There are many financial blog as well to take help with.

Do let me know in comments if there are other ways by which we can manage personal finance in India in better ways, it will help me to add it here.  

 

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What is financial management ?

Financial Management is taking best controls on your money flow. It is basically your Wise Money.
Best managing of your finance in spending,analyzing and controlling money which provides justice to your financial goals is financial management.
Know some best of financial management tips here.

What is Personal Finance management ?

It is a form of financial management in which a person or family takes financial decision on budget,saving,expenses and future investment.
You can get more explained meaning in this article.

How can i manage personal finance or do personal finance planning ?

Manage personal finance is not all about investment but it involves all three factors Earning, Saving and Investment. You have to look every aspect.
There are many things that we need to consider while doing a personal finance planning. This article explains all steps for better management.

9 Reasons Why I Failed On My Startup

9 Reasons Why I Failed On My Startup?My Startup was miserably failed. No doubt it was executed with burning enthusiasm but it was finished on the note of tragedy.

Monarch Placement was my Startup, It used to help companies with Manpower hunting for the Job position available with them.

It does not exist anymore and so the website www.monarchplacement.com no longer available with us.

There are some mistakes I have made and I believe many Startup stories may find it related with their stories as well. I did learnt some lessons but I see them on positive side.

And if you are launching your startup or if you are on Level1, I hope this is going to make your day.

9 Reasons Why I Failed On My Startup?

1.Burn Your Ego Straightaway

If you are a Founder or CEO never guarantee yourself as the smartest person in the room. Admit if you went wrong.

Listen others and collectively hold everyone together and raise as a company.

Still being a leader, sometimes be a student who is always keen to learn things.

 

2.Start with Level0

9 Reasons Why I Failed On My Startup

Always raise vertically with every step as a milestone. Think, consider, innovate and execute.

You should be having few startup ideas so start with Level0 and never go horizontally, you should need to be in a position to see your Level1 and take vertical step towards it.

Build a strong foundation of your startup before reaching out to clients for work.

 

3.Come Out From the Box of Original Idea

Big innovations may start with a small idea sometimes, but make sure in long run it is providing you a room for existence in competitive world.

We started our Startup based on the idea to provide recruitment services to companies. We never found our self out from this box even when graphs were going down.

The face might have been different if original idea could have been renovated, like providing services to another recruitment firm rather than to direct companies, or providing human resource services in multiple areas.

 

4.Correct Approach to Your Business Goals

Our approach to our business goals was to reach out more and more clients via emails and calls.

The other approach was to get in touch with all known contacts in our circle and expand by using word of mouth marketing.

It is very obvious there was no enough justice done with the correct approach. We survived for some time but there was a change needed in our approach towards our business goals.

 

5.Storm of Innovative Ideas

9 Reasons Why I Failed On My Startup

This should be your beginning, you have an idea, and in fact I would say you should be having pool of ideas.

 Evaluate each of your idea, discuss with your team and listen all feedbacks. You should be able to evaluate your ideas on the basis of notes like positive, negative and how it will affect your Startup in future course.

Perform a systematic execution of your ideas. Nothing bad in taking a calculated risk.

 

6.Right Team on the Board

Choosing a right team is very important. Make sure they are as motivated as you are. They believe in your startup goals and contribute as a backbone.

Your some of first few hiring are really important since they will be face of your startup company, so be careful. And remember getting right people on you team is perhaps very difficult job.

 

7.Communication with Clients

This is one of the most important startup jobs, not only in your business but in day to day personal life as well.

If you have a consignment and you are somehow not meeting the deadlines, at least communicate, tell your client about the possible hurdle and your efforts to overcome this.

That is not going to be as bad as when you do not communicate properly, as a result you will bite the dust.

We grabbed a small project indirectly from another recruitment firm, we worked on it, and we were not very successful on our first project. We possibly had a chance to get another project but seamless communication was not propelled with the client. And as a result we lost a good opportunity.

 

8.Explore Opportunity

9 Reasons Why I Failed On My Startup

Best you could do is to grab it when you see it. Do not let even a small opportunity fly away from you.

You need to start exploring opportunity with your startup business, it might not the way it will come to you from your straight doors as you think, so keep your eyes and ear open.

Not every time you have to wait for one, instead create one. Try best marketing promotions which fit to your business. Not only emails and calls but go and meet clients personally.

It is just like not you can sell your product and earn money but you can sell other’s product as well and earn from it.

 

9.Make Yourself Ready to Face Failures

Perhaps there is no exact data that I can tell you how many startups use to fail, probably 90%? And you should have heard or read few of startup stories already.

It is really difficult to predict if your startup is running all well from the beginning. You might see many hurdles and many failures, but you have to make sure you are ready for it.

At some point you may think to leave the ground and shut everything down. But instead think about the lesson you learnt from your failures.

Make yourself ready to raise again. This time pitch yourself with more power to raise high.

 

CALL TO ACTION!

We all have failed in our startup somewhere and at some time. Rising from failure is important.

What is your startup story? Have you failed in your startup?  How you overcome from your failure and made it success, let me know.

 

Also Read:

14 Ways to Earn Money Online in India without Investment

How I Saved 35 Lacks while buying a House in India

10 Ways How to Earn Money from Twitter in India

19 Best and Simple Ways to Save Money in India

 

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