ANXIETY DEPRESSION AND FEAR OF FAILURE IS THE NEW NORMAL IN MBAs NOWADAYS

 ANXIETY DEPRESSION AND FEAR OF FAILURE IS THE NEW NORMAL IN MBAs NOWADAYS

ANXIETY DEPRESSION AND FEAR OF FAILURE IS THE NEW NORMAL IN MBAs NOWADAYS

 The formative and educational years of a student's life have an immense influence on the years that follow. College students are at the brink of experiencing new things while barely reaching adulthood. They are exposed to a world that is unique and different from the restricted one in high school. They also get freedom, which while being desirable is also pretty scary. All of these factors contribute to pressure, which in turn affects the psychology of college students. In their young budding years, students’ transition from young adults to proper adults takes place; they have both responsibility and freedom. They are targeted by society and burdened with expectations which affect their mental health, making them prone to various unfortunate issues.

PRIYANSHI SINGH MBA (HR) 

Manager HR

AirCrews Aviation Pvt. Ltd.

www.AircrewsAviation.com

Priyanshi@Air-Aviator.com 

https://priyanshi.vcardinfo.com 

https://www.portrait-business-woman.com/2022/07/priyanshi-singh-mba-timr-s-human.html 

Top Keys to Success in Business By Manisha Rewani

 

Top Keys to Success in Business

By Manisha Rewani 

Starting and making a business grow in today’s world is no joke; entrepreneurs need to invest a lot of time, money, and energy in ensuring that their business succeeds. Even before you start a business, it is crucial to understand some of the key factors that can make a business see tremendous growth.

It is no secret that many businesses tend to fail in the first five years of being open. In fact, according to Investopedia, a whopping 45% of new businesses fail during the first five years of being open. This could be due to factors such as failing to create a viable business model, limited finances, failing to build a strong, reliable team, and failing to identify ways to stand out from the competitors.

• BE ORGANIZED

It won’t be easier for you to make your business succeed if you are not organized. When you are organized, it will be easy to complete your daily or weekly tasks and stay on top of your to-do list. 

You should also encourage your staff or team to be organized too. That way, you will be working together as a team to achieve your objective, which ultimately is making the business grow.

• ANALYZE YOUR COMPETITORS

When you venture into business, you will find that there is a company or individual already selling your products or service; unless, of course, you have brought a completely novel product on the market. But if this is not the case, you will always have competitors. The goal here is to find how you can stand out from them.

You can achieve that by analyzing them. They may be doing something right that you can implement in your business to generate more money. Some of the things you can pay attention to when analyzing your competitors include their price, the marketing tools they use, how they handle customers’ complaints, etc. If you want your business to succeed, do not brush off your competitors—you may learn something vital from them.

• UNDERSTAND THE RISKS AND REWARDS

One of the top business keys to success is taking calculated risks. Risks are part and parcel of running a business. 

They can help you make the right decision and become a better entrepreneur who can take their business to the next level.

• BE CONSISTENT

Consistency is key to success in business. If you are selling products or offering services, make sure that you consistently offer high-quality products and services. This way, your customers will trust you. 

Once you have established trust with your customers, they are less likely to move to your competitors. More sales mean more money, and ultimately, more growth. This makes consistency a crucial business key to success.

• HIRE THE RIGHT EMPLOYEES

Your employees can either make or break your business. So it’s upon you to choose what you want. If you are focused on making your business succeed, it is crucial to work with the right people. 

The best way you can achieve that is by making the right hire. You need to hire individuals who are not only qualified but also pay attention to details and fit into your business values and culture.

• BE WILLING TO MAKE SACRIFICES

In business, there are situations where you must make sacrifices. Sometimes you will have to work for longer periods and spend less time with your family and friends, or you may have to forego some luxuries to help your business grow. But these sacrifices will be rewarding in the long run. So as an entrepreneur, never be afraid to make sacrifices if you want your business to grow.

• BE CREATIVE

Creativity is also a business key to success. Creativity is all about looking for ways to help your business grow and stand out from the crowd. Of course, when it comes to running a business and striving to become a smart entrepreneur, you have to be open to both new approaches and ideas that can potentially help your business grow. 

This involves having an open mind and continuously learning and exploring. The more you learn, the more ideas you will explore, which can eventually help you improve your business skills, and ultimately, your business.

• KEEP DETAILED RECORDS

If you want your business to be successful, you must keep detailed records. This is the only way you will know where your business stands financially, whether you are making a profit or not. 

It can also help you know some of the challenges your business is facing. If you are making losses, you will be able to identify ways to minimize these losses while maximizing profits.

• PRIORITIZE CUSTOMER SERVICE

Without your customers, your business cannot exist. If you want your business to thrive, you must prioritize them. Offering excellent customer experience is one of the most crucial things you can do to improve your business’s chance of succeeding. 

Like SIXT’s CEO Erich SIXT so well put it, “We are not doing the customer a favor in our service. The customer is giving us the opportunity to do so.” Once you wrap your head around this principle, you will realize your business can only be driven by your customers’ satisfaction.

• REMAIN PHYSICALLY AND MENTALLY FIT

There is no way you will increase your business’s chance of success if you are physically and mentally unfit. You need to be mentally and physically fit to make the right decisions that will help your business grow. 

Take a day off to relax and unwind; read a book; do some exercise; meditate. Fortunately, making a business succeed is achievable. So long as you are focused, organized, consistent, know your competitors well, and keep detailed records, you are on the right track.

Research shows that only 25% of new businesses can last 15 years or more. Implement the above-mentioned business keys to success and be among that 25%. When your business is up and running, remember it’s only fair to give it the flexibility it needs. Register your company at SIXT and start navigating your business fleet from the comfort of the SIXT app.

• Manisha Rewani  [MBA]

• Manager Mktg

• AirCrews Aviation Pvt. Ltd

• www.AircrewsAviation.com

 

All things that Make a Business Successful and Winning Business By Madhurima Tiwari

All things that Make a Business Successful and Winning Business 

By Madhurima Tiwari

 

1. Get Organized

To achieve business success you need to be organized. It will help you complete tasks and stay on top of things to be done. A good way to be organized is to create a to-do list each day. As you complete each item, check it off your list. This will ensure that you’re not forgetting anything and completing all the tasks that are essential to the survival of your business.  

 

 

2. Keep Detailed Records

All successful businesses keep detailed records. By doing so, you’ll know where the business stands financially and what potential challenges you could be facing. Just knowing this gives you time to create strategies to overcome those challenges.  

  

3. Analyze Your Competition

Competition breeds the best results. To be successful, you can’t be afraid to study and learn from your competitors. After all, they may be doing something right that you can implement in your business to make more money.

 

How you analyze competition will vary between sectors. If you're a restaurant owner, you may simply be able to dine at your competition's restaurants, ask other customers what they think, and gain information that way. However, you could be a company with much more limited access to your competitors, such as a chemicals company. In that case, you would work with a business professional and accountant to go over not just what the business presents to the world, but any financial information you may be able to get on the company as well. 

 

 

4. Understand the Risks and Rewards

The key to being successful is taking calculated risks to help your business grow. A good question to ask is “What’s the downside?” If you can answer this question, then you know what the worst-case scenario is. This knowledge will allow you to take the kinds of calculated risks that can generate tremendous rewards.

 

 

5. Be Creative

Always be looking for ways to improve your business and make it stand out from the competition. Recognize that you don’t know everything and be open to new ideas and different approaches to your business. 

 

There are many outlets that may lead to additional revenues. Take Amazon for example. The company started out as a bookseller and grew into an eCommerce giant. Not a lot of people expected that one of the major ways that Amazon makes its money is through its Web Services division.

  

6. Stay Focused

The old saying “Rome wasn’t built in a day” applies here. Just because you open a business doesn’t mean you’re going to immediately start making money. It takes time to let people know who you are, so stay focused on achieving your short-term goals.

 

Many small business owners don't even see a profit for a few years while they use their revenues to recoup investment costs. This is called being "in the red." When you are profitable and make more than you need to spend to cover debts and payroll, this is called being "in the black."

  

7. Prepare to Make Sacrifices

The lead-up to starting a business is hard work, but after you open your doors, your work has just begun. In many cases, you have to put in more time than you would if you were working for someone else, which may mean spending less time with family and friends to be successful.

 

The adage that there are no weekends and no vacations for business owners might ring true for those who are committed to making their business work. There is nothing wrong with full-time employment, and some business owners underestimate the true cost of the sacrifices that are required to start and maintain a profitable business. 

  

 

8. Provide Great Service

There are many successful businesses that forget that providing great customer service is important. If you provide better service for your customers, they’ll be more inclined to come to you the next time they need something instead of going to your competition.

 

 

9. Be Consistent

Consistency is a key component to making money in business. You have to keep doing what is necessary to be successful day in and day out. This will create long-term positive habits that will help you make money in the long run.

 

 

Madhurima Tiwari

MBA Finance

FinTech Manager 

 

Madhurima Tiwari is a Commerce

Success Stories of Crazy MBAs MBAs are super Crazy by Manisha Rewani

Success Stories of Crazy MBAs 

[MBAs are super Crazy]

by Manisha Rewani 

MBA has grown as an education option in India for many years now. Worthy, MBA is important as it gives you an extra edge over others. If you plan to start a business, then having proper education, knowledge and foundation for it will benefit you in more ways than you can think of.

MBA for startups can give that foundation to all founders, entrepreneurs and traditional businessmen. It brings you into the business world, helps you build your network, and learn about the unconventional, with a great career choice.

A good thing about doing an MBA is that you can do it while working. Many startup founders have done their MBA while working for some company. So if you are looking  to head down the road of business, then pursuing a MBA degree should be on your to-do list.

Meanwhile, here are five Indian Startup founders, who are MBAs. They will inspire you to take up this course and succeed in the world of business.

1. Richa Kar

Founder and CEO of Zivame, Richa has completed her Bachelors in Engineering from Birla Institute of Technology and Science, Pilani. Then she chose to do MBA from Narsee Monjee Institute of Management Studies. She has worked for brands like SAP and Spencers, before starting Zivame.

2. Sanjeev Bhikchandani

He is the founder and CEO of Info edge, which owns Naukri.com. Naukri.com is the biggest job portal in India. He did his Bachelors in Economics from St. Stephen's College, Delhi and Masters from IIMA. He worked for Horlicks before starting Info edge. He won the Ernst and Young Entrepreneur of the Year award in 2008.

3. Supam Maheswari

Holding a Bachelor's degree in Mechanical Engineering from Delhi University and a Masters degree in Business Administration from IIMA, Supam founded a startup Brainvisa Technologies in 2009. It was an online learning port. He then started FirstCry, a baby products online retailer in 2010. Both his startups are quite successful.

4. Abhinay Choudhari

Also an alumni from IIMA, Abhinay Choudhari is the co-founder of BigBasket, the largest online grocery shop of India. He has worked with Infosys, iGate and Netkraft prior to his building a startup.

5. Sahil Barua

Founder and CEO of Delhivery, the largest delivery company of India, Sahil Barua holds a Masters degree from IIMB. The company has investors like Times Internet Group, Nexus Venture Partners etc. The company went Global in just four years!

• Manisha Rewani  [MBA]

• Manager Mktg

• AirCrews Aviation Pvt. Ltd

• www.AircrewsAviation.com

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Build Confidence AND Destroy Fear By Priyanshi Singh

Build Confidence AND Destroy  Fear

By Priyanshi Singh

According to David J. Schwartz, the author of The Magic of Thinking Big, the secret to overcoming fear is developing confidence. 

Fear is like an infection in your body. If left untreated, it spreads unabated, causing more physical harm and pain and damaging more and more areas of your body. Fear is an infection of the mind, and when it spreads it stops you from taking chances and jumping on opportunities. It blocks your chances at success. Fear stops you from speaking up when you have something to say, and its incarnations such as anxiety and stress can actually make you physically sick. 

So how do we treat this mental infection of fear and stop its spread? Confidence is the antidote to fear, and the good news is that confidence is a skill you can develop. No one is born totally confident. Confident people acquire that confidence over time—and you can too.

There are five steps to take to build confidence and destroy fear:

1. Isolate your fear and take action.

2. Think positively.

3. Gain a better understanding of other people.

4. Make moral, right choices.

5. Act confidently, even if you don’t feel like it.

 

• ISOLATE YOUR FEAR AND TAKE ACTION: - This step has two parts. First, isolate your fear. What exactly are you afraid of? Describe it in very specific terms.

Next, take action. There’s an action to counterattack any type of fear. Prompt, decisive action conquers fear. Postponing and procrastinating is like pouring fertilizer on fear, helping it grow.

There is some kind of action for every fear.

Worried about a big test? Use the worry time as study time. 

Terrified of interacting with people you don’t know? Remember that other people are human just like you; practice and get into the habit of speaking up.  

Afraid of making a big decision like buying a house? Analyse all factors thoroughly. Then make a decision, and trust your judgment.

 

• THINK POSITIVELY: - Think of your brain as a bank, where you make thought deposits and thought withdrawals. Your inner bank teller is very responsive, ready to deliver whatever memory you call upon as thought evidence. Feeling inadequate in the face of a big decision? Your “teller” will swiftly supply you with past failures, remind you of the people who didn’t like you, and offer up a slew of your worst mistakes. 

Deposit only positive thoughts in your memory bank, and withdraw only positive thoughts. While driving alone and before you go to sleep at night, make it a point to recall positive, successful experiences. Think about your victories of the day, big and small. This will help condition you to bring positive memories to the forefront. 

When you keep thinking about a negative past experience — a jilted romance, a job failure, losing money on a bad investment — you are essentially “putting fertilizer” on the memory, allowing it to grow and become a huge negative force in your life. Even the most successful people have been in discouraging and embarrassing situations, but they don’t dwell on them. 

 

• GAIN A BETTER UNDERSTANDING OF OTHER PEOPLE: - Empathy comes up a word while understanding others emotions. You need to fit yourself on some other’s shoes. Understanding others will let you know different emotions and fears of others. Sometimes others fear is your strength and that will gain your confidence.  

Use empathy when dealing with other people. Let them know you are genuinely interested in what they have to say and be attentive. Nothing impresses a person more than someone who is sincerely interested in them and seeks to help them rather than harm them. Taking such a position also puts you in better control of the circumstances because you appear as less of a threat.

 

• MAKE MORAL, RIGHT CHOICES: - The experience of failure makes it easy for us to give up, letting fear and self-doubt win. But if you persevere and keep striving for your goals, you will be able to destroy your fear of failure and push past your limitations. In this sense “practice does make perfect.” 

Practice what you fear. If you fear public speaking, write out a speech and practice in a mirror. Then try it out in front of friends or family who love you and support you, then move to the next level and deliver it to people that need to hear what you have to say because of the value it delivers.

 

• ACT CONFIDENTLY, EVEN IF YOU DON’T FEEL LIKE: - To be confident you must have a confident mind-set posture. Have you ever noticed when a person says one thing but their body language is saying something different? What a person feels is reflected in how they act, the posture they have, their stanch, and their walk — body language. 

Project confidence by thinking and acting like it. As referenced earlier in this article, I don’t subscribe to the “fake it until you make it” strategy.  

Always strive to be yourself and no one else. Once you understand that you are the captain of your ship you can sail the seas as you want. The winds will blow but how you set and position the sails will determine your destiny.

PRIYANSHI SINGH MBA (HR) 

Manager HR

AirCrews Aviation Pvt. Ltd.

www.AircrewsAviation.com

Priyanshi@Air-Aviator.com 

https://priyanshi.vcardinfo.com

https://www.portrait-business-woman.com/2022/07/priyanshi-singh-mba-timr-s-human.html