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digital payments payment gateway Uncategorized

Top 12 UPI-IMPS difference that you should not miss

Choose the best payment mode to grow your business

Did you know that the Asia Pacific region is one of the strongest growing markets worldwide? Expert prediction of the compound annual growth rate of 35.2% justifies this fact. Interestingly, nations like India and China is pioneering market growth via online payment modes. Of the numerous payment modes available in India, it is important to know the UPI-IMPS difference.

In a fast-paced world, the payment ecosystem is constantly evolving based on the consumer’s needs and behavior. Be it e-commerce, retail or startup sector, customers prefer faster purchases and instant payment settlement. Hence, to cater to these needs, digital payment modes have grown by leaps and bounds in India. In addition to the banking cards and prepaid cards, UPI and IMPS are the sought after medium for instant payments in India.

UPI-IMPS

UPI (Unified Payments Interface), developed by NPCI is a popular instant payment settlement system regulated by RBI. On the other hand, IMPS (Immediate Payment Service) brings in interbank electronics transfer in an instant manner. Though, performing similar functions, UPI and IMPS differ in terms of transfer time, card details, security, etc.

In this blog, let us learn the basic differences between UPI and IMPS.

1. UPI-IMPS Difference 1: Ease of transaction

For making an IMPS transaction, you need to enter a lengthy and complex data ranging from Name, Bank Account, IFSC code, etc. This creates inconvenience to a user. On the other hand, the UPI transaction is a simple process of solely inserting the Virtual payment address (VPA) of the payee.

2. UPI-IMPS Difference 2: App compatibility

To make an IMPS transfer, one needs to have the particular app of the debiting account. On the other hand, UPI gives a flexible option of linking with multiple bank accounts from the same app. This reduces space issue upon downloading apps of different banks, in case of having multiple bank accounts.

3. UPI-IMPS Difference 3: Security

As compared to IMPS, UPI gives a secured medium of payment transfer. It is due to the fact that, unlike IMPS, minimal details are entered while making a transaction. But, in the case of IMPS, bank account details are entered, which is perilous on an unsecured network.

4. UPI-IMPS Difference 4: Transfer time

Though IMPS comes with the instant money transfer option, it is lengthier as compared to UPI. Money transfer happens after a new payee registration and a wait time of thirty minutes to make the money transfer to the new payee.

In comparison, UPI payment is done to a new payee without any payee registration or wait time.

5. UPI-IMPS Difference 5: Money Collector

UPI provides the unique option of requesting money collection. You can send the request money message to people who owe you money. This brings in financial credibility in the long run.

On the contrary, IMPS does not provide the option of request money. There is a sole option of money transfer to the registered payees.

6. UPI-IMPS Difference 6: Money transfer abroad

Using the IMPS method, you can transfer money abroad. But, at present, UPI does not have the option of transferring money abroad. UPI transactions are limited to within India, at present.

7. UPI-IMPS Difference 7: Need for smartphone

IMPS transactions require a smartphone along with the relevant app to make payment transfers. UPI followed a similar feature previously. But now, UPI transactions are available in USSD enabled mobiles. This flexibility allows you to access your money irrespective of a smartphone availability.

8. UPI-IMPS Difference 8: Bank account

In the case of IMPS, it is mandatory to have a bank account to send or receive money. It is a bank to bank transfer using IFSC code + Account number or MMID.

However, in the case of UPI, you can receive money even if you do not possess a bank account. You just need to install a payment app to receive money in your wallet.

9. UPI-IMPS Difference 9: Authentication details

UPI payment authentication takes the form of an MPIN number. MPIN is a 4 or 6 digit user-determined number to authorize a payment.

On the other hand, the IMPS transactions happen with an OTP (one-time-password) authentication. Once you confirm and authorize the payment, an OTP is sent to your mobile phone.

10. UPI-IMPS Difference 10: Beneficiary addition

IMPS comes with a lengthy beneficiary addition process. The details like payee name, payee bank account, IFSC code of payee bank, etc are mandatory before making the payment 30 minutes later.

On the other hand,  UPI payment solely requires the use of VPA(virtual payment address) of the payee to initiate the payment.

11. UPI-IMPS Difference 11: E-commerce transaction

Both UPI and IMPS supports e-commerce transactions. One can make B2B or B2C transactions using either UPI or IMPS.

12. UPI-IMPS Difference 12: Transaction charges

At present, both IMPS and UPI are chargeable beyond a certain limit ( generally above Rs.1000). For IMPS, there are different charges on a bank to bank basis. However, for UPI, RBI indicates the transaction charge to fall between Rs.0.50 to Rs. 1.00.

Reference:

 

For more blogs, visit https://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

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Banking digital payments fintech Uncategorized

Everything you ever wanted to know about Rupay card

Rupay continues its winning run in the economy

Have you ever made an online payment? Have you ever felt the pinch of high transaction charges? If so, you are not alone. For example, international payment gateways like Visa and MasterCard charge high transaction fees. Further, in the case of Visa and MasterCard, banks pay a certain charge on joining the foreign payment gateway network. On the other hand, Rupay Card brings about a simplified payment transaction system in India.

 Launched in the year 2012 by the National Payments Corporation of India Ltd(NPCI), Rupay has revolutionized the payment ecosystem in the country with low transaction costs, nil joining fees, etc.

Rupay Card Basics
Everything you wanted to know about Rupay

In this blog, you will get answers to all your questions on the Rupay Card.

1. What is Rupay Card?

Rupay Card is an Indian variant of the card payment scheme as compared to international players like Visa and Mastercard. Introduced by the National Payments Corporation of India (NPCI) in the year 2012, Rupay is used for primarily domestic payments.

2. Features of Rupay

  • Inbuilt insurance coverage
  • Direct link with government schemes like Pradhan Mantri Jan Dhan Yojana
  • Regular cashback and merchant service benefits like fuel discounts
  • Free access to airport lounges

3. How to apply for a Rupay Card?

To avail a Rupay card, one needs to submit one’s id proof cum address proof along with two passport size photographs. All the public, private, regional cum cooperative banks issue Rupay cards in India. A form fill up at one’s branch along with the KYC requirements is the prerequisite for a Rupay card.

4. What are the transaction costs in Rupay?

As compared to international counterparts, Rupay comes with low transaction charges. For example, for a bank transaction of Rs. 2000, if Rupay charges Rs. 2.50, international payment systems charge Rs. 3.50.

5. Difference between Rupay Cards and international cards?

  • Transaction cost: As compared to international cards, Rupay comes with low operational costs.
  • Joining fees: There is a quarterly fee to be paid for joining the international card network as compared to nil in the case of  Rupay.
  • Security: Rupay is comparatively safer due to the limitation of its operation to India
  • Bank Network: Unlike Rupay, the international card network does not include small banks like rural and cooperative banks within its network.
  • International acceptance: Rupay is only acceptable within India as compared to Visa and Mastercard which is accepted internationally.

6. What are the Security features of Rupay?

While using  Rupay for a transaction, authentication happens with the entry of an OTP sent to the registered mobile number. Further, there is 256-bit encryption rendering Rupay difficult to hack.

7. Benefits of Rupay

  • Accidental insurance coverage
  • Low cost, easily accessible by people
  • Direct link with government schemes to avail added benefits
  • Faster bank transactions
  • Increases the popularity of digital payments in the Indian economy.

8. What are the variants of Rupay Cards?

On a higher level, Rupay can be classified as Credit, Debit and Pre-paid cards.

Based on the transaction limits, Rupay Credit card can be further classified as:

(a)Rupay Classic Credit Card: With an accidental insurance coverage up to Rs. 1 lakh

(b)Rupay Platinum Credit Card: With an accidental insurance coverage up to Rs. 2 lakh

(c)Rupay Select Credit Card: With an accidental insurance coverage up to Rs. 5 lakh

On the whole, Rupay continues its winning run in the Indian economy. Interestingly, post-2016 demonetization, the demand for digital payments and Rupay is increasing on a commensurate basis.

 

 

If you have liked the article, feel free to drop in your valuable feedback in the comments below. 

For more information refer:

https://www.bankbazaar.com/saving-schemes/all-that-you-need-to-know-about-rupay-debit-card.html

https://www.npci.org.in › product-overview › rupay-product-overview

https://www.rupay.co.in

For more blogs, visit https://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

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SabPaisa Business Updates

 October quarter -2

SabPaisa continues to be the trusted payment gateway with Canara Bank signup, Maharishi University signup and more

Canara Bank sign-up: SabPaisa has collaborated with one of the largest public sector banks in India.

Maharishi University sign-up: SabPaisa has collaborated with one of the best universities in Noida.

Expansion of UPI payment mode in SabPaisa: UPI is an instant payment system to transfer funds between accounts instantly. 

November quarter-1

SabPaisa continues its innovative streak with the launch of IMPS, RTGS modes and more

Launch of RTGS and IMPS: Sabpaisa has successfully operationalized RTGS and IMPS modes on its platform.  
Collaboration with Bihar Health Department: Recruitment in Bihar Health Department started through the SabPaisa platform. 
Bihar Madrassa Board registration: Bihar Madrassa Board registration was successful on the SabPaisa platform.
 
 

November quarter-2

SabPaisa continues its collaborative streak with Bajaj Auto Finance, Meerut Development Authority, and Greater Noida Development Authority sign-up

Bajaj Auto-Finance Sign-up: Sabpaisa has successfully signed up with Bajaj Auto-Finance.  
Meerut Development Authority Sign-up: SabPaisa has successfully collaborated with the Meerut Development Authority. 
Greater Noida Development Authority Sign-up: Greater Noida Development Authority registration was successful on the SabPaisa platform.

March Quarter 2

Punyashlok Ahilyadevi Holkar Solapur University Signup: SabPaisa has signed up with one of the prestigious universities of Maharashtra. Punyashlok Ahilyadevi Holkar Solapur University has been established to cater to the needs of over 60,000 students community. The university is poised for ambitious growth. The University is now a hub of various academic activities.

Kavikulaguru Kalidas Sanskrit University Signup: SabPaisa has signed up with one of the finest universities in India. It is unique in nature and is entirely different from all the existing Sanskrit Universities in academic nature. Kavikulaguru Kalidas Sanskrit University has an innovative academic program and syllabus having modern subjects associated with traditional Sanskrit.

April-May

SabPaisa has signed up with Uttarakhand medical selection board, Rotary E-Club, St. John’s School, etc.

April Month

 

 

 

For more blogs, visit https://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

 

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SabPaisa Product Updates

OCTOBER

SabPaisa continues to be the next generation innovative payment gateway with IMPS and RTGS collection modes, IDFC Challan and more

1. New Features

IDFC Challan: We have integrated a new bank for NEFT i.e. IDFC bank. Now the user has one more option to generate an e-challan of his/her choice. E-challan option is  also available for Bank of India, Allahabad Bank, Corporation bank, etc. 

Settlement Report: The user is able to see the settlement report in SabPaisa.

Refund Transaction Report: The user is able to see their refunded amount in SabPaisa.

Chargeback transaction Report: The user is able to see their chargeback amount in SabPaisa.

RTGS and IMPS collection modes

Enabled RTGS and IMPS collection modes in SabPaisa PG. With this activation, SabPaisa Payment Gateway is now uniquely offering the following modes from a single integrated dashboard:

Credit Card, Debit Card, Net Banking, UPI, Amazon Pay Wallet, Ola Money Post Paid and Pre Paid Wallet, NEFT, RTGS, IMPS, Bank Cash Challans, eNACH, IMPS

Launch of Amazon Pay  and Ola Money wallet in SabPaisa 

SabPaisa has successfully integrated with popular wallets like Amazon Pay and Ola Money.

2. Bug fixes

Browser Version Management: Previously QwikForms application was not compatible with some versions of browsers like Safari, IE, Mozilla Firefox, Opera, etc. But now, it is working well with both the old and new versions.

SPAPP: 

  • After selecting an organization if the user entered the wrong information, a dialogue box appeared. On canceling the dialogue box, a loader appeared and the app stopped responding due to continuous loading. This issue has been fixed.
  • On signup in the app, the name field was accepting numeric values instead of alphabetical values. This issue is sorted out now as the name field is accepting only alphabetical values.
  • Earlier, the OTP entry was not visible to the user. It is visible now.
  • Previously, the app crashed on signup. It is working well now.

 

NOVEMBER – DECEMBER

SabPaisa continues its innovative streak with the launch of the new feature of “Late fee payment for its clients”

Late fee payment feature: The late fee form feature processes four requests of fixed, daily, monthly and periodic updates.

Feature 1: Late fee calculation feature as per client requirement    
     
This feature pertains to automatic late fee calculation spread across four case scenarios.    
     
Case scenario Feature Example
     
One Time Process This activity will be one time for one process For a customer, if process is for Registration, Admission etc, then charges will be added accordingly
Fixed Fixed penalty after the process last date till the late payment date per day after the expiry of the last date of fee payment. For the month of March, March 1st to March 10th is the stipulated date for registration fee payment. From March 11th, penalty of Rs. 50 per day is applied. In other words, irrespective of the late day, a fixed amount of Rs.50 is deducted. If a student wants to make payment of 15th of the month, he/she has to pay – Original fee amount + 50
Daily Update Variable penalty per day after the expiry of the last date of fee payment.  For the month of March, March 1st to March 10th is the stipulated date for fee payment. From March 11th, penalty of Rs. 50 per day is applied. In other words, Rs. 50 gets added on a cumulative basis/day. If a student wants to make payment of 15th of the month, he/she has to pay – Original fee amount + 50 * 5 (no: of late days)
Periodic Here, the penalty amount is applied on a periodic basis. The client allotes 2-3 three extended slots for fees payment with variable penalty rate. For the month of March, March 1st to March 10th is the duration for fee payment. From March 11th to 31st, penalty of Rs. 50 per day is applied. Further, April 1st to April 10th is the second slot for the payment of fees with a penalty of Rs. 75 per day. Similarly, April 15th to April 30th could be the third slot for the payment of fees with a penalty of Rs. 100 per day.  
Monthly Process This activity will be every month For a customer, if process is for School/college Fees Collection, Bill Payments every month etc
Fixed Fixed penalty per day after the expiry of the last date of fee payment. For the month of July, July 1st to July 10th is the stipulated date for fee payment. From July 11th to July 31st, penalty of Rs. 50 per day is applied. In other words, irrespective of the late day, a fixed amount of Rs.50 is deducted. If a student wants to make payment of 15th of the month, he/she has to pay – Original fee amount + 50. The same process repeats during the month of August, September, etc.
Daily Update Variable penalty per day after the expiry of the last date of fee payment.  For the month of July, July 1st to July 10th is the stipulated date for fee payment. From July 11th to July 31st, penalty of Rs. 50 per day is applied. In other words, Rs. 50 gets added on a cumulative basis/day. If a student wants to make payment of 15th of the month, he/she has to pay – Original fee amount + 50 * 5 (no: of late days). The same process repeats during the month of August, September, etc.
Periodic Update (with dates intervals) Here, the penalty amount is applied on a periodic basis. The client allotes 2-3 three extended slots for fees payment with variable penalty rate. For the month of July, July 1st to July 10th is the duration for fee payment. During the first periodic slot from July 11th to July 20th, a penalty of Rs.10 is applied. During the second periodic slot from July 21st to July 25th, a penalty of Rs.20 is applied. During the third periodic slot from July 26th to July 31st, a penalty of Rs.30 is applied. The same process repeats during the month of August, September, etc.
     
Other features of QwikForms    
     
Feature 2: Basic Payer Information page is disabled This feature is removed and now all payer information(Payer Name, Mobile number, Email, Amount) is mapped with original form at form creation time.  
Feature 3: Photo and Signature upload process on Offline Forms Similar to online forms, offline forms have also been enabled with photo and signature upload process. This makes it convenient for the verification of the offline forms.  
Feature 4: Partial Payments Features in Offline Mode  Similar to online mode, the user can do partial fee payment using offline mode as well. Hence, the user has the flexibility to pay the fees on multiple days in a hassle free manner.  
Feature 5: Multilevel Data Storage Feature during submission of Forms  Now user can use the saved information and continue to fill the form in a particular time frame. The link for the same will be sent to the registered email ids along with reference number  

 

 

 

 

 

For more blogs, visit https://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

 

 

 

 

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Uncategorized

Best marketing tactics for your Facebook page

Marketing techniques to scale up your page visibility

Do you believe in your business growth through a Facebook page? No, you are wrong! On the other hand, marketing your Facebook page is the best way to grow your business.

Top Facebook pages rely on time-tested techniques to reach their targeted audience. Did you flounder the expected number of likes and shares? Did the message delivery take the right course? In other words, what made your competitor’s content stand out?

FaceBook Marketing Strategies
Facebook Marketing Strategies

Brands on Facebook are churning out innovative techniques to sell their products. Feeling abandoned? Don’t worry, these simple techniques will take you to the top league.

1. Capitalize facebook group for marketing

Have you stumbled upon a Facebook group? The Facebook group brings you more close to your audience. In other words, one on one interaction is the highlight of a Facebook group. Herein, you can share and discuss ideas in a focussed manner with your niche audience. Also, you are perceived as genuine and trustworthy. On the whole, business engagement sees a sharp hike.

2. Audience targeting and Paid ads

Facebook gives the option of paid ads for your niche audience. They help you to reach a greater and wider audience. Interestingly, there is an option to target the audience based on the gender or the region. The ads have a customizable schedule time. For example, the runtime could range from one day to several months. Also, there is an option for automated ads for better post visibility and outreach.

Hence, if you are a startup, use ads as the anchor to row your businesses. Trust me, the seashore becomes visible at an arm’s distance.

3. Unique content for marketing

If you want to be different, think differently. Being unique and different makes you stand out in the business domain. Experiment with diverse posts on your page. Put on your thinking caps, get wacky, use gifs, use 2 min teaser videos, try out memes, etc. For example, an engaging story on why the audience should try out Lenovo Laptop is more significant than presenting a generic product update.

4. Engagement with peer business groups

Do you engage with other peer groups n facebook? Do you leave messages on the peer groups in your technology domain? It’s the best way to share and gain knowledge. The two-way communication is instrumental in building your networks and increasing popularity. It will naturally translate into more likes cum comments.

5. Timeline for sharing content

Your facebook page has around 5 posts per day, but poor responses turning you off? Getting your timing right is the crux of the issue. There are specific times of the day when your audience is active and receptive to your posts. Plan your posts based on audience availability. For example, the audience is more likely to comment and share your posts during break hours. 

6. Consistency is the Key

How consistent are you with the postings? Your long term success is largely dependent on this factor. Your destination might be far away, but your effort should continue unabated. Make sure that you use the Insights tab on your page to analyze your post performance. It gives a complete picture of the number of people who have liked, shared and commented on your posts. Plan your future strategy, based on these insights.

7. Use humor

Humour adds spice to your serious marketing content on FaceBook. Ensure that you have the right amount of humor peppered in your marketing content. In this way, you can strike the right chord with your potential customers on a lighter note. Humour is the easiest way to make your customers buy your product.

 

For more blogs, visit https://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

Categories
Business climate change startup Uncategorized

How businesses can combat climate change?

Small steps can make a large difference

What is the first thing that comes to your mind when you think about climate change? Amazon burning, India flooding, Antarctic melting, climate change brings in front of our eyes vivid pictures of the destruction.

Climate change refers to the natural or human-induced changes in the earth’s weather patterns. It is a result of factors like incessant use of fossil fuels, deforestation, the release of greenhouse gases, etc. Further, natural causes like varied solar radiation, variation in the earth’s orbit and rotational axis also contribute to climate change.

Climate change and Business
Simple steps by businesses to combat climate change

It is better to act before it is too late. We, as a business group can take significant steps to effectively combat climate change. In the course of this blog, I shall walk you through some simple steps through which businesses can combat climate change.

1. Use of cloud to combat climate change

Businesses can cut down on unnecessary hardware setup by working on the cloud. It is centralized, safe and secure. Further, it brings in the convenient transfer of information amongst the employees. Overall, it will reduce the number of trees being cut down, thereby reducing deforestation.

2. Transportation for employees

Reports suggest that air pollution due to personal vehicle use is set to increase by over 60% in the coming decades. Large businesses can ensure that the employees are provided a transportation medium like office bus or van. This would cut down immensely on carbon dioxide emissions.

3. Efficient lighting to combat climate change

Simple steps in your office like replacing all light bulbs with CFL lights would work wonders. Incandescent bulbs generate a large amount of heat resulting in the cooling system to work harder, thereby generating greenhouse gases. On an average, CFLs consume 70% less power as compared to incandescent bulbs. Also, this would avoid the harmful effect of disposing mercury present in the incandescent bulb. 

4. Waste segregation at source

Businesses can create a culture of proper waste segregation at source. Segregation of waste into wet, dry and chemical categories brings in a focused approach to waste management. This encourages a culture of recycling and reuse as well.

5. Use of renewable sources of energy to combat climate change

It is encouraging to see that businesses have adopted renewable sources of energy like solar, wind energy, etc to power their business. For example, Intel has over18 on-site solar plants with an installed solar capacity of approximately 7,000 kW.

6. Investment in green initiatives to combat climate change

Some businesses adopt passive measures by investing in green initiatives. It takes the form of investments in initiatives like recycling, biofuel production, tree plantation drive, etc.

7. Encourage recycling

Businesses could introduce centralized recycling bins to encourage employees to discard recyclable items light bulbs, batteries, aluminum cans & bottles and magazines are some items which could be easily recycled.

8. Measures at an individual level to combat climate change

Small measures by employees like switching off the light, turning off the tap, using paper cups instead of plastic cups and digitization of documents produce significant effects on the health of the earth in the long run.

9. Regular awareness campaigns

Monthly awareness and sensitization campaigns work wonders in the long run. It brings in a sense of business responsibility cum accountability to combat climate change.

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

 

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Entrepreneur inspiration motivation startup Uncategorized

What makes a great leader?

Leaders make their actions do all the talking

Year 18th July 1980 was a landmark day for India. Dr. Abdul Kalam was the leader of the ISRO team which successfully launched Rohini satellite into the orbit. The missile man conducted the press conference along with his team. But, his success was not easy, nor was it isolated.

Year 10th August 1979 was another landmark day for India. This day, we failed to launch Rohini satellite into the orbit in the first attempt. This time, the press conference was led by Dr. Satish Dhawan, the ISRO chairman.

You might be wondering what he would have delivered in a callous situation? He just uttered these words: “We failed! But I have a very good trust in my team that next time we will be succeeding for sure”.

A true leader leads from the front in the face of crisis and takes the blame upfront. Similarly, in the face of success, a true leader lets the team lead from the front.

Now the question arises, do you think, you need power and position to be a leader? No, not at all. All of us have the leader in us, either consciously or unconsciously.

Leader without a title.
Explore the leader in you.

In this blog, I will elaborate on the top qualities of any leader. If you have this quality in you, take it to the next level. If you don’t, you could consider adopting some of them.

1. Vision

Leader with vision
Visionary leader

A leader is a daydreamer. Confused? A leader has a vision and he daydreams about it relentlessly. Further, the aura that he creates amongst his subordinates attracts them to his vision. Like a magnet that strongly pulls the iron towards itself, the vision of the leader attracts his followers towards himself. Hence, if you want to be a great leader, be visionary par excellence. For example, Barack Obama’s vision for America struck the right chord with the audience. The result, we all know the stunning consecutive tenures as the President.

2. Innovative

Innovative leader
Innovation as the hallmark of a leader

Rome was not built in a day. It is a result of hard work, patience, perseverance, and innovation. Innovation makes you stand apart from the crowd. Innovation gives vent to your creativity and takes you on a higher plane as the leader. For example, the life of Ratan Tata is an apt example of innovative leadership. Post-retirement, Ratan Tata has been actively involved in funding innovative startups. This is the mark of a great leader, he never lets innovative ideas go unnoticed or unsupported.

3. Positive

Positive leader
Positivity as the hallmark of a leader

He fought, he raised his voice against discrimination. But, in vain. Further, he was jailed for twenty-seven years. Nevertheless, his determination and courage stood unshaken. He remained positive throughout and dreamt of seeing his country free of apartheid. The positive and visionary leader was Nelson Mandela who has become an inspiration for generations to come.

Positivity is the hallmark of a true leader. A positive person never loses hope even in the jaws of death. He finds a solution to any crisis by hook or by crook.

4. Humility as a leader

Humble leader
Humility as the hallmark of a leader

It is one golden quality that keeps you grounded no matter how high you fly. Hence, humility is of pivotal importance for leaders. A long-lasting and strong relation gets formed with your subordinates upon exhibiting the quality of humbleness. Moreover, humility is the easiest way to build trust and forge relationships. For example, Gandhiji espoused a humble demeanor that made him stand out gentle amongst giants of his era.

5. Emotional Intelligence as a leader

Leader with emotional intelligence
Leader with emotional intelligence

Emotional intelligence is the ability to understand your emotions as well as that of others and the ability to handle the same. A leader has to deal with a diverse group of people with different characteristics and emotional levels. At this juncture, emotional intelligence helps him think from the shoes of his subordinates. This results in better resolution of conflicts. Hence, it is rightly said that ‘Attitude decides your altitude in life’.

6. Empathetic

Empathy and leadership
Leader and his quality of empathy

“Empathy is seeing with the eyes of another, listening with the ears of another and feeling with the heart of another.” – Alfred Adler

Empathy is one quality that sets apart good leaders from a great one. The perspective of a leader changes with empathy. He is able to better judge his teams’ requirements and make a healthy judgment. An empathetic leader stands by the poor and the destitute. Bill and Melinda Gates Foundation by billionaire Bill Gates supports education, health cum sanitation in poor and destitute countries.

7. Integrity

Leader with integrity
Leader with integrity

If you are a leader with integrity, you are hard to be replaced. Leaders with integrity espouse truth, no matter how hard it may seem. They never mince their words and lead with dignity. When a leader is integral, the subordinates have unconditional faith in him. In other words, they are rest assured that the decisions are taken in a good spirit.

8. Leader without a title

Leader without a title
Leader without a title

The world knows a handful of leaders. On the other hand, there are innumerable people who are doing selfless service behind the curtain. Jadav Payeng of Assam single-handedly planted an entire forest. Bal Pandian of Tamil Nadu took commendable steps to conserve avian species around Koonthakulam Bird Sanctuary.

They are the true leaders, who lead without a title. They could always remain invisible to the world, but their efforts are no less than the well-renowned leaders.

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

Categories
Digital marketing marketing payment gateway Uncategorized

SEVEN BEST TOOLS FOR DIGITAL MARKETING

Tools to unleash the creativity in you

The gleaming sunshine, the twinkling stars, and the misty raindrops have intrigued human beings from time immemorial. How about taking the experience to the next level? How about immortalizing them in your creations? If you are into digital marketing, nature is the best place to look for inspiration. Further, how do you apply the inspirational idea to boost your business? Here comes the importance of marketing tools. The amazing tools available in the market gives wings to your ideas and makes it come alive.

Digital marketing tools
Seven digital marketing tools to boost your business

In the course of this blog, I will take you through a journey of the most sought after digital marketing tools.

1. CANVA FOR DIGITAL MARKETING

Canva is an evergreen companion of any digital marketer. It comes with an amazing collection of templates catering to different social media platforms. Be it Instagram, Facebook or Twitter, Canva provides the option to create customized posts with the appropriate dimensions. One can choose from a wide range of options such as business cards, flyers, posters, animated video, etc.

Canva for Digital Marketing
Digital marketing with Canva tool

Are you a company which recognizes employees’ efforts via certificates, Canva is your place to be. There is an ample range of certificate template to choose from. Or, if you are unemployed and looking for a job, choose from a range of resume templates.

2.  INVIDEO

How about automatic conversion of your blogs to videos? Invideo performs this functionality to perfection. In addition, there is an option to build a video from bare scratch. This brings in the flexibility of using the tools to give vent to our innovative spirit. Also, choose from a multitude of templates to suit the business environment and the niche clientele.

Invideo for Digital marketing

3. SNOVIO FOR DIGITAL MARKETING

Snovio is one of the sought after digital marketing tool for inbound email marketing. Being a very flexible platform, Snovio gives the option to create different email campaigns based on the customer base and business platform. Interestingly, there is a cap of 200 emails per day for smooth handling of email marketing.

Snovio for Digital Marketing
Snovio for Digital Marketing

4.  SOCIAMONIALS FOR SOCIAL MEDIA POSTING

Are you tired of posting five social media posts each day? Wished for an automated technique to achieve your goal? Here comes the role of the wonder tool Sociamonials. The scheduling of posts can be done on multiple social media platforms in a single go. You don’t have to worry about postings for months together. Moreover, one can analyze the performance of one’s posts via Sociamonials analytics tab. The graphical analytics result gives a three-sixty degrees view of your company’s posts performance.

Sociamonials for digital marketing

5.  DAREBOOST FOR DIGITAL MARKETING

How is the health of your website? Is your security at risk? Are you complying with the necessary SEO standards? The answer to these questions lies in the Dare boost tool. Dareboost analyses your website on 10 major parameters ranging from Quality, Data amount, SEO, Compliance, Accessibility, etc. For a healthy website, a Dareboost analysis once in 15 days is a must. With one email ID, you can have 5 free searches per month.

Dareboost for digital marketing

6.      FIVERR

Ever faced the issue of tracking down your potential clients? It is taxing to get together the precise contact details. At this juncture, Fiverr comes to your rescue. You will encounter diverse service providers of client information. The rate of services starts at a nominal rate of 5 dollars. If you are a startup, aspiring to expand your client base, Fiverr is the ideal tool for you.

7.  WEBTEXTTOOL FOR DIGITAL MARKETING

Blogging is an exemplary way to expand your base in the market domain. Further, blogging is the simplest way to promote your products and build a brand image. Nevertheless, putting across the right message in the right format plays a crucial role. The appropriate language, formatting, grammar, and word usage is pivotal for the success of any blog. Webtextool tool provides a minute and detailed analysis of your blog. The interesting fact about webtexttool is that it is used to draft interview content. Herein, the gender biasedness in the blog is suitably filtered out.

Webtexttool for digital marketing

 

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

Categories
B2B blog Digital marketing Entrepreneur startup Uncategorized

Nine steps to develop a B2B blog

Blogging your way to boost business growth

What was your feeling when you wrote your first ever blog? What was the most challenging part of writing a blog? Was it research or the articulation of ideas? It depends on the type of blog you intend to pen down.

Blogs topics involve travel, food, hobbies, technology, etc. At present, businesses are capitalizing on blogs to reach their niche audience. Interestingly, B2B companies are turning to blogs to enhance their market reach.

What are the ingredients of a successful business blog? Topic, idea structuring, formatting and SEO guidelines play a crucial role in boosting the popularity of business content.

Blog for business
Craft a successful blog for your B2B business.

In the course of this blog, learn to craft a blog to suit your business and audience.

1. Blog topic selection

This is the first step in the creation of a business blog. The topic selection happens by keeping in mind the domain and the niche audience. In doing so, keep a track of trending blogs in your domain. By taking a cue from the topic, one can come out with topic ideas.

For example, a topic on ‘Ten must-read books for any entrepreneur’, multiple ideas are derived like:

  • List-based: Twelve must-read books for any entrepreneur
  • Keyword ‘entrepreneur’ based: Ten must-read books for any non-entrepreneur’

2. Topic research

Topic research is the second crucial step in blogging. In other words, topic research involves finding the right content for your blog. One needs to keep in mind the dimensions of the content. The more the dimensions, the more innovative and interesting the blog becomes. For example, a blog on starting a business covers dimensions of finance, administrative approvals, business laws, etc.

Hence, the more informative and innovative the content is, the more will be the backlinks and referring domains for your business. Further, more backlinks result in a gradual increase in your potential client base.

3. Introduction

The first impression matters a lot. Hence, blog introduction is the best way to make a first impression. While penning down the first paragraph, the gist of your content should be clearly visible. The basic idea must be expressed in a simple yet lucid manner. Also, make sure that the focus keyword of your blog is prominently seen, to comply with the SEO standards.

4. Content organization

Content organization is the most challenging part of writing a blog. The technique to arrange the content of the blog involves brainstorming ideas into numerous headings and subheadings. The transition to the ideas needs to be smooth with appropriate use of transition words. Also, indented paragraphs provide more clarity to the ideas being expressed. Further, the use of lists for summarising the blogs makes it more readable.

5. Innovative ideas

Innovation is a must for your blog to stand out. How to bring innovation into your content? A thoughtful quote at the beginning or end of the blog adds more value. Secondly, incorporate graphic pictures to make your message loud and clear. Thirdly, try out funny GIFs and Memes to make mundane business topics interesting.

On the whole, make sure to think out of the box to make your content appealing to your audience.

6. Language check

A blog with unpleasant grammar is a turnoff for any business deal. In other words, grammar forms the basic benchmark for any content. Make sure that you use a tool to keep your grammar in check. Some of the common tools/editors for grammar check are Grammarly, text metrics, WordPress, etc.

7. SEO formatting

Search Engine Optimization refers to the optimization of your blog according to google search rankings. It keeps in check the right use of images, alt texts, captions, heading visibility, etc. Also, ensure that the focus keyword use happens an adequate number of times. This enhances the search process involving the keyword. As a result, the probability of your content being searched online goes high.

8. Blog publishing

Once you have finished your blog optimization, it is time to publish it. Based on the size of the business and budgetary requirements, there are a number of publishing platforms. The best-known publishing platforms are WordPress.org, Blogger, Tumblr, Gator, etc.

9. Blog promotion

It involves the use of different media platforms to promote your blog. Some of the well-known media platforms are Facebook, Twitter, LinkedIn, Instagram, etc. Also, ensure that you add the relevant hashtags and tags to enhance your post visibility and outreach.

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

Categories
Banking digital payments Financial intermediary payment gateway Uncategorized

Banking in India explained

Service your needs through the banking institutions

Confused with the choice of a banking institution for your business? Right kind of funding is important for the health of any business. In other words, funding at the appropriate time gives more freedom for creativity and innovation. A well-funded business has more leverage for expansion and growth.

In India, we have a number of banks catering to different customers. Also, we have a mix of public and private sector banks servicing a variety of needs.

Banking institutions
Banking institutions in India to service your needs

In the course of this blog, I will walk you through the different types of banking institutions in India.

BROAD CLASSIFICATION OF BANKS

1. SCHEDULED BANKS

Scheduled banks are included in the second schedule of RBI Act,1934. By being a scheduled bank, one acquires membership of the clearinghouse. Also, the banks can get loans from RBI at the bank rate. Any bank with a capital of more than 5 lakh qualifies as a scheduled bank. Further, scheduled banks keep a cash reserve ratio with the RBI.

2. NON-SCHEDULED BANKS

Non-scheduled banks are not part of the second schedule of RBI Act,1934. The capital requirement of a non-scheduled bank is less than 5 lakhs. Non-scheduled banks are not members of the clearinghouse. Also, they do not have access to loans from RBI at the bank rate. Unlike scheduled banks, non-scheduled banks do not keep a cash reserve ratio with the RBI.

Non-scheduled banks are also called as local area banks in India. Coastal Local Area Bank Ltd, Capital Local Area Bank Ltd, Krishna Bhima Samruddhi Local Area Bank Ltd, Subhadra Local Area Bank Ltd are some of the examples.

TYPES OF SCHEDULED BANKS

1. COMMERCIAL BANKS

A commercial bank provides banking services with a profit motive. They ensure adequate credit creation and stability in a nation’s economy.

  • PUBLIC SECTOR BANKS: Public sector banks have the government as the major shareholder(more than 50%). Over 75% of the banking sector business comes under the purview of the Public sector banks. There are 12 major PSBs in India such as SBI, Bank of India, Bank of Baroda, Central Bank of India, etc. On the whole, there are 27 PSBs in India.
  • PRIVATE SECTOR BANKS: In private sector banks, non-government entities form the major shareholders. There are 22 private sector banks in India. Private sector banks provide a slightly less interest rate as compared to PSBs. Similarly, Private sector banks constitute over 15% market share in the country. Some major private sector banks in India are ICICI, HDFC, Axis, IDFC, etc.
  • FOREIGN BANKS: Foreign banks cater to the jurisdictional laws of both the parent and destination country. 1% of branch network in India constitutes foreign banks. Also, foreign banks have a Priority Sector Lending of 40% and a minimum capital requirement of 5 billion.
  • REGIONAL RURAL BANKS: Regional Rural Banks caters to the funding needs of the rural communities in India. It draws its operating and functional powers from the Regional Rural Banks Act, 1976. In addition, RRBs also cater to payments in government schemes like MGNNEGA and government pension programs. RRB has a joint shareholding of Central government(50%), State government(15%) and Sponsor Bank(35%).
  • PAYMENT BANKS: It is a new category of banks with limited functionality of a bank. For example, payments banks do not issue loans. The deposit limit is 1 lakh per customer maximum. Further, payments banks have a minimum capital of 100 crores.
  • SMALL FINANCE BANKS: Small finance banks service the needs of the small and marginal entities like small farmers, traders, businesses, etc. Small finance bank has 100 crores paid-up capital and a priority sector lending of 75%. Further, they do not lend to big corporates or groups.

2. COOPERATIVE BANKS

Cooperative banks function on the basis of cooperative principles. The ownership of cooperative banks lies with the customers. In India, cooperative bank categorization takes place on the basis of Short term and Long term lending options. Short term lending takes the form of Primary Agricultural Cooperative Societies (PACCS) at the village level, District Central Cooperative Banks at the District level and State Cooperative Bank at the State level. The long term lending is a two-tier structure with Primary Agriculture and Rural Development Banks (PARDBs) at the village level and State Agriculture and Rural Development Banks.

  • URBAN COOPERATIVE BANKS: Urban cooperative banks finances the needs of urban areas, registered under the cooperative societies act. They largely cater to small businesses in urban areas like small traders, low and middle-income groups, etc. UCB regulation happens via both the State Government and the Central bank. State government laws cater to the UCB’s administration while the central bank laws apply in case of regulation.
  • RURAL COOPERATIVE BANKS: Rural cooperative banks finances the needs of rural areas. It caters to agriculture, livestock, rural employment sector, etc.

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

Categories
Entrepreneur Entrepreneurship fintech payment gateway startup Uncategorized

Innovative techniques for business growth

Tips and tricks to build your business with less investment

Started your own business but lost hopes on not seeing any growth? Capital investment, technology up-gradation, marketing, etc not paying any dividend? If so, you are missing out on some nitty-gritty of business growth.

Successful businesses try to replicate the good practices of their peers. They get the most simple thing right. For example, they make their websites more optimized and appealing. They have more community interaction and peer alliances.

Grow your business
Grow Your Business with these simple tips

In the course of this blog, I will walk you through some simple and inexpensive tips to grow your business. Some tips are very simple that it is often overlooked.

1. Social media visibility for business growth

Social media
Social media for business growth

Top companies have dedicated account on the prominent social media platforms like Facebook, LinkedIn, Twitter, etc. An appealing profile pic and header along with a concise bio provides you with more visitors. The more the number of clicks on your page, the more the chances of visibility of your business.

Secondly, regular posting of well-curated content works wonders. It acts as a credible portfolio for your business. The knowledgeable content on your platform gets the attention of top influencers in your field. This is the quick way to grow your business by leaps and bounds.

2. Regular blogs

Blogs for business growth
Blogs for business growth

Blogging is a significant yet powerful way to outreach your niche customers. It is an inexpensive way to get ranked on the Google SEO results. The regular the blogs, the more the chances of getting noticed on the web. In this way, the probability of your business content being shared increases.

Hence, the next time you get down to blog, think of the huge growth prospects that your words bring to the company.

3. Collaboration for business growth

Collaboration for business growth
Collaboration for business growth

Have you ever shied away from business alliances? Frightened of competition and plagiarism? It’s time to shed your inhibitions.

Successful businesses have learned and grown together. Joint business festivals and workshops help a long way in knowledge sharing. It brings in exposure to good practices. Also, it is a good opportunity to get noticed by successful peers in the industry. As they say, a good opportunity knocks your door unexpectedly.

4. Mobile-friendly website

Mobile friendly website for business growth
Mobile friendly website for business growth

How do you feel when a website takes a too long time to load? Frustrating isn’t it? Now, imagine yourself in the shoes of your customer. A customer will not wait for a long time to make an emergency payment. In these scenarios, it is necessary to have a mobile-friendly website that loads easily with minimal glitches. It is the last thing you want your customer to give negative feedback publicly.

5. Live chat facility

Live chat facility
Live chat facility for business growth

The growth of any business depends on customer satisfaction in the long run. In other words, a prompt and quick response is the best way to win the hearts of your customers. A live chat facility can work wonders. A real-time solution to their problems will bring in more satisfaction resulting in good brand image for your business. A positive review on a platform like Google will make your business high-ranked.

6. Inbound email marketing

Inbound email marketing
Inbound email marketing for business growth

It refers to the process of finding the right customers for your business through a focussed marketing strategy. It involves the scheduling and forwarding of emails customized for different categories of customers. In doing so, you can ensure the outreach to the right customers in your niche domain. It is one of the easiest ways for small businesses to grow online.

7. Community interaction for business growth

Community interaction
Community interaction for business growth

Businesses need new ideas to enhance their growth path. Being a part of a business community brings in value-addition to your business. As a business, you can learn from the plethora of questions posted online. Further, interaction with peer businesses online is a great way to build long-lasting relationships online. For example, Small Business Forum.net, Business Advice Forum, StartupNation Community, etc are some communities for small businesses online.

8. Event participation

Event participation
Event participation for business growth

How frequently do you participate in business events? Business events provide you with the opportunity to showcase your unique products to the business community. Further, it’s the best platform to interact with top-notch business magnates and get your business recognized. Probably, one of them will end up as an investor in your prospective startup.

9. Product innovation for business growth

Product innovation
Product innovation for business growth

It is one of the best ways to stand out in the business market. A unique and compelling product that stands out in the market will naturally have more takers. Further, it will also attract the best brains to your company. Hence, make sure that you continuously innovate to grow your business.

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

Categories
Business Digital marketing Entrepreneur inspiration startup Uncategorized

7 tips to work from home with efficiency

Productivity with flexibility

The present-day workplace is becoming more and more flexible. Employees are preferring the work from home mode to maintain a proper personal-professional life balance. Interestingly, work from home comes with advantages ranging from a flexible schedule, reduced commutation costs as well as spending some quality time with your loved ones. On the other hand, work from home comes with its own set of challenges like an increased distraction or reduced productivity.

Work from home
Some tips to work from home with efficiency

But, don’t worry, in the course of this blog, I will walk you through seven tips to boost your work productivity while working from home.

1. Cloud storage for work efficiency

It is good to store all the important office documents on the cloud server. By doing so, you can log in from any device and complete your task. In this way, you can avoid the overdependence on office workstation. Work anytime, anywhere, without compromising on your data.

2. Official attire

Have you felt sleepy in your pajamas while working from home? Were you lazy to change? Dressing makes a lot of difference in one’s attitude and work. The better dressed you are, the more confident and attentive you are.

Hence, when you are working from home, try to be dressed in the formal, official outfit. It will give you a real office feel. Also, this makes you work with more seriousness.

3. Work – Friendship management

When you work from home, there is a chance of some friend dropping by to meet you. How can you avoid such unexpected run-ins and meetup? One can come out with a definite schedule to meet one’s friend. Make meetup plans for the weekend. Talk it out with your friend and make a mutually agreed schedule.

4. Regular office communication

There are chances of getting distracted when you are working from home. Hence, make sure that you are in regular touch with your colleagues. Connect to them via hangout, WhatsApp or email to get work updates. This will give you an office environment and keep you on your toes.

5. Customized work area

Do you have a dedicated area to work at your home? Having a separate room as your work area is essential to have maximum productivity. Even if it is not a proper work setup, a solitary room is required to keep up your focus.

6. Minimize social media usage

Social media is a necessary evil in the present-day world. Imagine doing your company job via Facebook and Whatsapp. In addition, social media has brought the world closer. But, it can become a nuisance when you work from home. Unending chats on Facebook or Whatsapp leads to a reply chain running over hours.

Now, you might ask, what if I am the social media handler of my company? The answer is simple. Turn off your message notifications. Only respond to company page updates on your social media. Train your mind to respond to personal social media stuff at a definite time of the day. Eventually, you will see the productivity gains from this exercise.

7. Calendar Maintenance

Planning is the first step towards completing your task with efficiency and effectiveness. Excel sheet is a simple way to create focussed plans with flexible updation features. Also, google calendar provides customized calendars for different business settings.

Make use of either of the above application while working from home. Plan meticulously and scrutinize your plan every week for optimum results.

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

Categories
communication Uncategorized

Nine golden tips to enhance your communication skills

With the right words, you can be one step ahead of others

Were you ever short of the right words during communication? But, ended up with ‘Man Ki Baat’? Did you become the black sheep in the crowd of eloquent yet effective speakers?

Jokes apart, effective communication is one of the biggest challenges in one’s personal as well as professional life. Communication forms the basis of relationships. It can either get you your dream career or make you move up the career ladder. Also, you can woo your dream partner using the right mix of words.

Enhance your communication skills
Nine golden skills to fine tune your communication skills.

In the course of this blog, I will share nine golden tips to boost your communication skills.

1. Be a good listener for good communication

In the majority of the cases of communication lapses, poor listening plays a crucial role. Most of the people do not listen with the intention to offer constructive feedback. They are more eager to talk and put their views across.

To be a good communicator, one needs to practice the art of patient listening. One needs to understand the merit in the other person’s views. By being a patient listener, one can gauge both the pros and cons of an issue clearly. One can make a better judgment regarding issues at hand.

As a boss, when you give a patient hearing to your employee’s needs, they will feel motivated to work more. Similarly, when you give a patient hearing to a friend’s problem, you can offer a more empathetic solution.

So, the next time you go off track and shut your ears in a conversation, remember that we all need to be listened to at some point in our life.

2. Constructive feedback

How many times have you shied away from giving or taking feedback? The reasons are manifold ranging from fear of criticism, inferiority complex or the lack of knowledge.

Constructive feedback is a crucial aspect of enhancing one’s communication. Feedback gives a clear insight into one’s performance. Are you high on vocabulary? Are you beating around the bush? Or, are you using repetitive words that add clutter to your communication? Answers to these questions are ‘Be receptive to constructive feedback’.

At the workplace, constructive feedback optimizes work and brings in transparency cum accountability. Further, constructive feedback motivates both the sender and receiver by bringing in a room for knowledge sharing.

3. Group communication

Have you noticed that group discussions are an integral part of most of the organization recruitment process? What is the logic behind this?

Group discussion is a significant, yet challenging way to finetune one’s communication skill. Putting across your words lucidly and clearly to a group of people requires tactics and skills. Each word spoken is scrutinized by more than one individual. Further, it tests your ability to listen carefully and accommodate others’ views. Also, you have the scope to get feedback from more than one person.

Next time, when you meet your friends over a cup of coffee, start a discussion on a burning public issue. Over a period of time, you will see tremendous improvement in your communication skills.

4. Good networking for good communication

Networking with the right people gives a new dimension to your communication skills. You learn new things through peer professional cum personal interaction. It gives an immense opportunity to build your confidence by taking up impromptu challenges. For example, interacting with a curious customer makes you think out of the box yet diplomatic in your outlook.

Hence, embrace networking as an important part of your life. You never know when a golden opportunity comes knocking your way.

5. Paraphrasing your message

The clarity of thought in a message is as important as the message itself. We get so obsessed with the message delivery that the exact wordings and sentences are seldom adhered to. Instead of conveying your thought in 1-2 sentences, you end up speaking eloquently by beating around the bush.

Hence, you must learn the art of paraphrasing to be a good communicator. Make a conscious effort to be short and sweet in conveying your thoughts. Record your phone calls, play it over and over again to spot the redundant points. Try to paraphrase what you have spoken over the call. Try this process until you get the paraphrasing right.

Also, ask your close friends or family members to alert you on the repetitions in your communication. Constant feedback brings in more consciousness to enhance one’s performance.

6. Audience awareness

Sometimes, your message goes right but the reception goes wrong. Hence, it’s necessary to finetune your message based on the concerned audience. Some might love humor, others might like a story while many others will like a short, crisp and to the point message. Based on the type of your audience, you need to finetune your message accordingly. You need to be empathetic and sympathetic while putting across your views. Make sure that your words are chosen with sensitivity to avoid hurting the feelings of the audience.

 

7. Vocabulary building

Were you ever dumbstruck searching for the right word in a conversation? You might have had a hazy idea about the word due to lack of usage of that word. Or, it could be due to lack of updation of your dictionary.

How can you avoid the word usage dilemma? The best way is to keep learning new words every day. A newspaper like ‘The Hindu’ is a good repository of vocabulary. Similarly, listening to BBC News is an effective way to build your vocabulary. Also, make a written note of the words and keep revising them during your spare time. In this way, you unconsciously tend to use new vocabulary in your communication.

8. Body language

Actions speak louder than words. This is very important in case of effective communication. Your gestures and body postures amplify your speech message. It gives life to your speech which can otherwise turn mundane and monotonous.

Getting the appropriate body language is a gradual and long term process. One can consider joining a public speaking club like Toastmasters International. By giving more and more public speeches, one can effectively finetune one’s body language.

9. Positive attitude

Attitude decides your altitude in life. Yes, you got it right. Your approach towards a situation determines your success in life. So is the case with communication. Having a positive outlook towards people and situation brings in a positive environment. A warm good morning with a smile, a small token of appreciation, etc goes a long way in building long-lasting relationships.

A person with a positive attitude exudes optimism and confidence in what he speaks. Consequently, his words are seen as credible by the receptors. Also, a positive attitude brings in more empathy to the table. The present organizational setups need more people who can put across their words in an assertive yet sympathetic way.

For more blogs refer http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

Categories
digital payments Entrepreneur Financial intermediary fintech Hybrid payment gateway payment gateway startup Uncategorized

Top seven startup laws in India

Be compliant with these basic laws to kickstart your startup

KPMG research shows that startups in India have seen a steady rise by seven times in the last decade. This is attributed to a slew of favorable government laws and initiatives in India. As a result, India’s image has grown by leaps and bounds as a startup-friendly country.

Hence, if you are an aspiring startup or a new startup, make sure that you comply with certain startup laws and regulations for the smooth running of your startup in India. Interestingly, India has a number of laws for startups ranging from contract laws, incorporation laws, patent laws, taxation laws, etc.

Startup laws in India
Know the nitty-gritties of startup laws in India

In this blog, I will talk about the core startup laws in India in a simplified fashion.

1. Limited Liability Partnership Act, 2008

Limited Liability Partnership Act, 2008 governs the formation of Limited liability partnership firms in India. Startups registered as LLPs have the flexibility of entering into contracts, hold properties, etc irrespective of the subsequent change in the partners involved.

Provisions of the Limited Liability Partnership Act, 2008:

  • LLP Agreement: It is not mandatory to have an LLP agreement. This reduces the technicalities involved, thereby easing the working of a startup.
  • Penalty: Violation of this Act results in a penalty of a maximum of five lakhs and a minimum of five thousand rupees.
  • Audits and accounts: Audit of accounts of the LLP is mandatory if turnover exceeds 40 lakhs or contribution by partner exceeds by 25 lakhs.

2. Companies Act, 2013

Companies Act, 2017 is the fundamental law for the formation, functioning, regulation, and dissolution of a company. It clearly sets out the responsibilities for different stakeholders of a company like directors, major shareholders, minor shareholders, etc.

Important provisions of Companies Act, 2013 are:

  • One person company: The new provision allows any company to be solely led by one person ( as both the director and the shareholder).
  • Shareholders: Maximum shareholders in a company could go up to a maximum of 200.
  • Women director: The Act provides for the mandatory appointment of a minimum of one woman board director.
  • Corporate Social responsibility: Every company which either has a net worth of Rs 500 crore or a turnover of Rs 1,000 crore or net profit of Rs 5 crore, needs to spend at least 2% of its average net profit for the preceding three financial years on corporate social responsibility activities. 

3. Competition Act, 2002

Competition Act, 2002 governs the competitive activities of different organizations in the Indian market scenario. It ensures fair play in the Indian market by keeping a check on anti-competitive activities by the different players.

Key provisions of the Competition Act, 2002 are:

  • Competition Commission Of India: It is the central regulator for monitoring and keeping a check on anti-competitive practices in India.
  • Penalty: CCI can enforce a penalty of up to 1 lakh on any company for anti-competitive practices. 
  • Appeal: Appeal against CCI’s decision can be made by the aggrieved party within sixty days of the judgment in the Supreme Court of India.

4. Insolvency and Bankruptcy Code, 2016

Insolvency and Bankruptcy Code, 2016 aims to create a unified system for dispute resolution in India. It speeds up the dispute resolution process with the help of independent institutions and functionaries. In the past, dispute resolution in India was plagued by issues like red-tapism, organizational inefficiency, etc. Insolvency and Bankruptcy Code, 2016 intends to correct this loophole.

The provisions of Insolvency and Bankruptcy Code, 2016 are:

  • Dispute resolution time: Dispute resolution varies for corporates as well as individuals. The time frame is 180 days, extendable by 90 days for companies. For startups, the time frame is 90 days extendable by 45 days.
  • Dispute resolution request: Dispute resolution request can be put forth both by creditors as well as debtors.
  • Insolvency and Bankruptcy Board of India: IBBI is the insolvency regulator overseeing dispute resolution throughout the country. The board consists of 10 members including representatives from the Ministry of Finance, Law, and RBI.
  • Adjudicatory process: National Company Law Tribunal adjudicates in case of company and LLP firms. Individual and partnership firm related adjudication handled by Debt Recovery Tribunals.

5. Goods and Services Tax Act, 2016

GST Act aims to bring in a single, common taxation regime in the country by combining both central and state government taxes. It comes with the benefits of avoiding double taxation, lowering the prices of commodities and bringing in a competitive market.

Provisions of Goods and Services tax are:

  • GST slabs: The GST system currently has four slabs — 5%, 12%, 18%, and 28%. This simplifies the multiple taxes under the VAT system.
  • Central GST and State GST: Central GST to be levied and collected by the central government and State GST to be levied and collected by the state government.
  • Integrated GST: Integrated GST to be levied and collected by the Central government in case of inter-state transactions.
  • GST Council: GST Council is the governing body for revision of GST on a periodic basis.
  • Beneficial clause for Startups: By availing the input tax credit, startups can offset the regressive effects of the VAT system.

6. Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015

This act deals with the resolution of commercial disputes. Accordingly, commercial courts and commercial divisions of the high court can adjudicate on commercial disputes with a value of at least 3 lakhs.

It’s salient features include:

  • Commercial courts: Commercial courts to be established at the district level and also in the territories with the high court’s primary jurisdiction.
  • Commercial appellate courts: Commercial appellate courts are set up in the areas where original jurisdiction of the high court is non-applicable.
  • Mandatory mediation: Compulsory mediation provided in cases where there is no need for urgent relief.

7. Arbitration and Conciliation Act, 2015

Arbitration and Conciliation Act, 2015 deals with the arbitration of commercial disputes in an institutional fashion. Further, the act aims to make the arbitration process more cost-effective and client-friendly.

The salient features of the Arbitration and Conciliation Act, 2015 are:

  • Arbitral institutions: Supreme Court and High Courts to create arbitral institutions for dispute resolution, that can be directly approached by the parties for dispute resolution.
  • Arbitral award time: Arbitral award to be given within twelve months period, which could be extended by another six months.
  • Arbitration Council of India: Lays down norms for grading arbitral institutions and ensuring an environment of alternate dispute resolution (ADR).

For more blogs, visit http://blog.sabpaisa.in.

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

 

 

Categories
linkedin marketing Uncategorized

SIX LINKEDIN MARKETING STRATEGIES

Innovation to marketing, marketing to inspiration

I came across LinkedIn over five years ago as part of a peer discussion. Back then, I was a college student with a job at hand even before passing out. I remember ignoring numerous connection requests on LinkedIn. But trust me, that was not intentional. I failed to fathom the significance of LinkedIn due to my limited work experience. Most importantly, I could not gauge the significance of LinkedIn marketing for professionals and companies alike.

But, at present, as a working professional in the content marketing domain, LinkedIn is an integral part of my professional life. LinkedIn gave me access to varied companies in the course of my job switch. Also, as part of my company social media marketing team, LinkedIn is the fundamental platform I rely on for content publishing.

LinkedIn Marketing strategies for your business
Six awesome LinkedIn marketing tips for your business

Founded in 2002, LinkedIn is the most popular platform for professional knowledge sharing. If you are an individual looking for a job, a startup looking for growth ideas or company looking to hire fresh talent, LinkedIn is the right place for you. Nevertheless, certain time-tested strategies to drive the right content and reach the right people.

In the course of this blog, I will walk you through six awesome content sharing marketing strategies on LinkedIn. It has worked wonders for many successful companies. Hope it advances your business in the long run as well.

1. Marketing through graphic content

Companies that stand out in the market have very good graphic content in their marketing posts. A well thought out picture is equivalent to a million words. The message is deciphered instantly by the audience, in a different yet innovative way. Also, studies suggest that messages sent out in the form of graphic images have long-lasting retention power.

For example, a statistic on company growth using an attractive big font and a positive graphic image transforms the image of the company in an instant. The more students see and observe, the more they decipher, learn and retain. The same technique holds good in the professional domain.

2. Use of short videos

Videos are a powerful way to send across brand growth stories. It is a medium to give life to your organization’s vision and goals. A short video of 1-2 mins sends across an organization’s message in a short and crisp format. Interestingly, short videos attract more number of likes, retweets, and comments on LinkedIn. Also, video marketing strategies improve SEO in the long run.

3. Questionnaire marketing

How frequently do you interact with your target audience? Or is it that you just log in to LinkedIn to post your stories and log off? Always, remember that LinkedIn works best as a two-way professional platform. Posts that invite for comment or questions are liked and shared the most. It is a thoughtful approach to build a long-lasting rapport with your target audience. In other words, two-way interaction makes LinkedIn a real knowledge-sharing platform.

 

4. Storytelling approach

We all are great fans of bedtime, grandma stories. Aren’t we? Hence, it is time to give wings to the beautiful childhood memory on a marketing plane. Stories are loaded with curiosity and is a feast to any creative cum innovative mind. Also, stories make us think out of the box by taking us to an imaginative land.

Hence, why not build your LinkedIn marketing strategy around an inspiring and compelling story? In this way, you can project your brand in the most creative way. It keeps the target audience glued and keep asking for more. So, the next time you run out of ideas, feel free to explore and dive into the storytelling approach.

5. Content scheduling

The frequency of social media posts matters as much as the quality of its content. Majority of successful brands come out with 3-5 compelling, thought-provoking and informative posts each day. But, it becomes tedious to manage the intervals of posting.

Here is when the importance of content scheduling comes in. Content scheduling refers to the structured scheduling of social media posts using online tools. For example, Sociamonials is a popular tool used to schedule social media posts. Posts on multiple social media platform are scheduled in bulk for spans ranging from weeks to months. It saves the overheads involved in building posts for social media. Hence, plan and strategize your content scheduling for optimum results.

6. Content analytics

Is content marketing all about curating and posting great content? The answer is undoubtedly no. A constant and consistent analysis is required to closely track the performance of your post.

LinkedIn provides an Analytics tab to view the analysis of your daily posts. The no: of clicks, likes, shares, retweet, comment, etc helps in the in-depth gauging of audience response to your post. Accordingly, you can strategize your future posts by keeping in mind the larger customer needs.

Also, Sociamonial site provides a detailed analysis of your post on a daily basis. It takes the form of simple graphs and pie charts which is easily understandable.

For more posts like this, please go through http://blog.sabpaisa.in

For more ideas, visit,

https://www.grammarly.com/blog/meet-inspiring-grammarly-users/

https://blog.hubspot.com › companies-rocking-linkedin-company-pages

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

Categories
Entrepreneur Entrepreneurship inspiration motivation startup Tweets twitter Uncategorized

12 best twitter accounts to follow for every startup

Twitter was my best companion during my UPSC preparation days. My day started with surfing the daily news headlines through the accounts I followed. The new ideas brought in innovation to my answers.

Twitter continues to be my knowledge hub. As a writer, it gives me the opportunity to follow popular writing accounts. As a result, I have been adopting good writing practices to become a better writer every day.

In a similar way, twitter is the ideal knowledge platform for millions of entrepreneurs. In other words, Twitter is the cheapest medium to share ideas for small businesses like startups. Successful business magnates share ideas via videos, articles, links, etc which is free to share and access.

Twitter accounts
Twitter accounts to aid your startup growth

In this blog, I have compiled a list of twelve must follow twitter accounts for every startup. Get ready for some amazing information sharing experience.

PEOPLE ON TWITTER

1. Richard Branson @richardbranson

Richard Branson is an entrepreneur based in London. He is the founder of the Virgin Group. In 2007, he was Time’s 100 most influential person. His twitter feed is filled with both information and motivation. His tweets touch upon a wide range of issues like business setup, human rights, climate change, etc.

Best selling book of Richard Branson: Losing my virginity

TED Talk by Richard Branson: Life at 30,000 feet

Thought provoking tweet on ocean protection

2. Elon Musk @elonmusk

Elon Musk is an engineer and entrepreneur known famously as the founder of SpaceX, an aerospace company. His tweets give wide insights into space technology and renewable energy ideas. In addition, his feeds focus on his primary ventures based on artificial intelligence, Hyperloop technology, and electric vehicles.

If you are a core technology freak, you should not miss following his account.

Best selling book of Elon Musk: Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future

TED Talk by Elon Musk: The mind behind Tesla, SpaceX and Solarcity.

3. Reid Hoffman @reidhoffman

Reid Hoffman is an author, venture capitalist, and entrepreneur. He is the co-founder of LinkedIn which is a professional networking platform. His feed is filled with tweets and retweets from a number of peer entrepreneurs. For example, the tips on better work productivity come in handy for any small business. Also, Reid Hoffman shares regular podcasts which is an impetus for new ideas.

Best book by Reid Hoffman: The Start-up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career

TED Talk by Reid Hoffman: https://blog.ted.com/be-the-entrepreneur-of-your-own-life-reid-hoffman-at-ted2012/

4. Bill Gates @BillGates

One of the renowned entrepreneur, philanthropist, author and investor, Bill Gates is the founder of the multinational software company Microsoft Incorporation. His account showcases the work of his foundation Bill and Melinda Gates Foundation in addition to interesting technology news. The feed on education, health, and humanitarian issues are commendable and worth emulation.

Best book of Bill Gates: Business at the speed of thought

TED Talk by Bill Gates: Innovating to Zero

5. Kiran Mazumdar Shaw @kiranshaw

Kiran Mazumdar Shah is the founder and chairperson of Biocon Ltd, India’s leading pharmaceutical company. Her tweets give insights into both technological cum current national/international issues of significance. For example, her tweets on new inventions in the biopharmaceutical field stand out from the rest. Her handle is a must-follow for any knowledge seeking person.

6. Hiten Shaw @hnshah

Hiten Shaw is a popular investor in multiple startup platforms. The famous ventures include KISSmetrics and crazy egg. Make sure you follow his account to get motivational quotes in addition to startup updates.

BRANDS ON TWITTER

1. Entrepreneur @Entrepreneur

Entrepreneur brings to your table daily tips to grow your business. A glance through the feed is enough to fill you with inspiration and creativity. Hence, do follow the account to arouse your creativity to the next level.

2. TechCrunch @TechCrunch

It is the one-stop account to catch up with all the technology news and its analysis. Also, blog compilation forms an integral part of TechCrunch feed. Be it content curation or content writing, TechCrunch acts as a reliable platform, to begin with.

3. Hubspot @HubSpot

Hubspot is an online platform for sales and inbound marketing. The twitter feed provides insights into tools for content marketing, SEO and Social media handling. Interestingly, one can frequent tweets of Hubspot help handles.

https://twitter.com/HubSpot/status/987003284211879936?s=20

4. PaymentSource @payments_source

The account is focussed on news analysis from the payments domain. If you are looking for new solutions and ideas for your payment startup, PaymentSource is a must in your follow list.

5. Inc Magazine @Inc

Inc magazine presents business news and ideas in a lucid and interesting fashion. The views of renown personalities give ample scope for out of box thinking for a new business.

6. Forbes Magazine @Forbes

Forbes is the sought after platform for both businesses and non-businesses alike. The feed is replete with the experiences of professionals from different walks of life. Therefore, make it a point to follow Forbes for amazing business hacks.

If you have liked the post, please like, share and post your valuable comments in the comments section below. Constructive feedback is appreciated. For more posts, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing Fintech company has developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

Categories
Entrepreneur Entrepreneurship inspiration motivation Uncategorized

Stress-free productivity hacks for entrepreneurs

Say goodbye to stress, say hello to productivity

Are you an entrepreneur?

Are you working hard?

Have you been looking for perfection?

Have you been sweating hard?

If so, stress has taken over you.

It’s time for some course correction to put your entrepreneurial life back on track.

It is a common misconception that entrepreneurs lead a comfortable and stress-free life due to owning their business. On the other hand, entrepreneurs face multiple challenges ranging from finances, hiring employees to daily decision making. This takes a huge toll on the health of an entrepreneur eventually leading to stress.

Stress is a human body’s physical, mental or emotional response to a challenging situation. However, stress is a normal part of human life. Hence, stress management is pivotal for the smooth balance of one’s personal as well as professional life.

In the course of this blog, I will take you through some time tested techniques to toss the stress out of the window. Moreover, these simple hacks are applicable to both entrepreneurs and non-entrepreneurs alike.

1. Wake up with gratitude

Wake up with gratitude
Gratitude brings in greater productivity and peace of mind

Every morning when you wake up, fill up your mind with positive thoughts. Thank God for all the blessings in your life. Pray for the well-being of all the living and non-living beings of the world.

This practice helps in bringing positivity energy and keeps you peaceful throughout the day. When you are grateful in life, unnecessary expectations tend to reduce, thereby bringing in greater satisfaction.

2. Regular Exercise

Regular exercise as stress buster
Regular exercise for both physical and mental health

Aerobic exercises, as well as meditation, is a great way to start off your day on a rejuvenating note. It keeps you activated and refreshed throughout the day.

Aerobic exercises like jogging, cycling, swimming act as an instant stress-buster. Most significantly, it lowers your anxiety level, blood pressure and boosts your immune system. Moreover, one develops good immunity in addition to consistent sleep patterns.

While aerobic exercises contribute to one’s physical health, meditation contributes to one’s mental health. Deep meditation for as less as five minutes a day brings in increased concentration and workplace productivity.

3. Healthy nutrition

Be healthy, be stress free
Include fruits, vegetables and proteins in your diet for a healthy lifestyle

Many of us have a tendency to skip meals due to our tight work schedule. While this contributes to temporary work productivity, it adds further fuel to increased stress. Also, stress induces the junk food culture.

Hence, it is ideal that one takes a balanced diet filled with fruits, vegetables, and adequate proteins. With adequate nutrition comes increased blood circulation and brain activation. On the whole, good nutrition is the fundamental means to remain active and healthy throughout.

4. Journal writing to release stress

Journal writing for stress relief
Plan meticulously, prioritize tasks.

Most of the workplace stress arises out of lack of planning and review. When there are many unprioritized tasks, it is natural for the brain to seek refugee in stress. Hence, it’s important to maintain a journal to keep track of one’s daily progress on both personal as well as professional front.

Make it a habit to plan your day everyday morning. Prioritize the tasks clearly with the time needed to achieve the tasks. At the end of the day, make an unbiased review of your progress. Be as brutal as possible with yourself. In the long run, only a critical review will get you organized and reduce stress.

5. Frequent workplace breaks to reduce stress

Frequent work place break
Frequent work place break to reduce stress and increase productivity

As an entrepreneur, we get so attached to our job that we are reluctant to take a small five minutes break. Though the notion, time is money hold good, a break is a necessary ingredient to reduce stress.

A break is a time to stretch your body muscles away from the monotonous posture. It is a time to reflect on new ideas to further enhance your productivity. One can go for a coffee break or just a walk across the office or neighborhood.

6. Digital device break

Digital device break
Take a break from social media to enhance creativity and concentration

We live in a technology era. We are surrounded by digital gadgets ranging from mobile phone to laptop. Our life runs around these gadgets and we cannot imagine our life without them. How many of us can resist opening our social media as soon as we wake up? Probably, not many of us.

Overuse of digital devices brings in both psychological and physical issues. The light from digital devices causes serious harm to one’s eyes resulting in headaches, eye-pains, etc. Also, the constant use of social media brings in social stress, anxiety, commonly known as FOMO ( fear of being missing out).

Hence, it is advisable that one takes a complete break from technology for at least one hour before sleep. This relaxes one’s eyes and nervous system resulting in sound sleep devoid of anxious thoughts.

7. Association with like-minded people

Association with right people
Associate with like minded people to learn and grow together.

As the proverb goes, birds of a feather flock together. People with similar interests, when associated together, can do wonders. As an entrepreneur, you have to be in touch with your peer professionals to ensure the flow of constructive ideas.

The sharing of ideas help you grow as an informed and skilled individual in the days to come. Further, this association helps you to learn from the challenges faced by your peer entrepreneurs and take corrective decisions. For example, Mark Zuckerberg found an ideal mentor in Steve Jobs. Mark Zuckerberg adopted Steve Jobs innovative technique of hiring new recruits by taking them out on long walks into the woods.

8. Regular vacations

Regular Vacation
Take frequent vacations to boost performance.

Studies from across the world prove that long vacations are essential to enhance your work productivity by reducing stress. Regular travelers enjoy a positive outlook towards life, better immunity, enhanced cardiovascular health and an overall sense of well-being.

Hence, the next time you get stressed out, book a long vacation to the mountains of Rishikesh or the city of Udaipur. You will not regret the break that brings in enhanced well-being and happiness.

9. Practice a hobby

Hobby
Pursue a hobby for greater satisfaction and relaxation.

At times, your regular job becomes monotonous and the going gets tough. As they say, when the going gets tough, the tough get going. How to be tough and resilient? Practice a hobby or passion that is close to your heart. It could be reading, writing, photography or gardening.

Keep aside some part of your day or week to practice and nurture your hobby. It brings in a sense of satisfaction and gives you a sense of relaxation. Hence, a hobby is essential to boost your performance in both personal and professional life.

For more blogs, visit the link http://blog.sabpaisa.in .

Categories
Banking digital payments Financial intermediary fintech payment gateway startup Uncategorized

Frauds in online payments explained

Simple tips to avoid frauds

A study conducted by the Center for Strategy and International Studies (CSIS) & McAfee show that online fraud is equivalent to 0.8% of the world’s GDP. Most importantly, payment frauds form a major part of this figure.

Online payment frauds connote the illegal transaction by fraudulently acquiring the customer’s credentials. For example, it takes the form of credit/debit card fraud, data theft, friendly fraud, phishing, etc. Incidentally, the advance of technology has advanced the fraud involved as well. Also, fraudsters have devised complex techniques to come out with sophisticated frauds which are very difficult to detect.

Online payment frauds
Some time tested techniques to handle online frauds
Learn the simple tips for combating online payment frauds

In this blog, I will take you through some simple yet time-tested methods to tackle online payment frauds. As they say, prevention is always better than cure.

1. Data Theft frauds

This most common mode of online payment fraud involves stealing digital information of customers like banking account details, credit/debit card information, PIN, etc. For example, in 2017, 1 in 15 people had their identities stolen. Subsequently, the hacking of the credential holder’s account takes place with the stolen data. Further, data theft is also a result of employee negligence in handling an organization’s data. 

Data theft prevention techniques:

  • Regular malware check on the computer system.
  • Use of debit/credit card with pin-chip technology.
  • Frequent change of password every 1-2 months.
  • Regular installation of updated software on systems.
  • Ensuring a secure and protected wifi connection.
  • Do not respond to unauthorized and spam emails.

2. Phishing frauds

In Phishing, hackers camouflage as financial institutions and contact the target victims. In doing so, the various adopted modes are email, telephone, text, etc. For example, the potential target luring happens with fake offers, false email links, attachments and emails from unknown senders. Further, studies show that phishing accounts for 90% of all the data breaches.

Phishing frauds prevention techniques:

  • Use of email filters.
  • Change in browser settings. Do not autosave passwords for payment sites.
  • Timely fraud report to banks to ensure speedy action cum monitoring.
  • Keep a track of URL of links in an email. It is a potent outlet to fraudulent sites that steal user data.

3. Friendly fraud

Friendly fraud is one of the toughest fraud to detect. Herein, a customer makes an online payment and then disputes the purchase by contacting the credit card issuer. Going ahead, the fraudster is refunded while the fraud continues on different payment platforms. Studies show that friendly fraud increases at a rate of 41% every two years. It is on the rise due to the increasing presence of e-commerce companies. Moreover, it is very challenging to detect friendly fraud due to the favoring of customers by credit card companies.

Nevertheless, an estimate of friendly fraud is made by observing a larger than usual average transaction. Also, a high frequency of order coupled with a high amount of stolen orders suggests the presence of friendly fraud.

Friendly fraud prevention techniques:

  • Call recording to verify the veracity of the order.
  • Saving the product delivery information by confirming the signature verification.
  • Blacklisting of suspicious, fraudulent customers.
  • Building cordial relations with customers to maintain a positive brand image.
  • Interconnectivity with online payment peers to obtain updated information about fraudulent customers.

4. Triangulation fraud

This fraud primarily involves three parties involved in a transaction. Firstly, a customer places an order with an e-commerce site. Secondly, the e-commerce site is a fraudulent seller which takes the order and reorders on another website using stolen payment credentials. Lastly, the legitimate e-commerce website unsuspectingly processes the fraudulent order. For example, triangulation fraud is common in the trade of electronics appliances, pet supplies, tools, etc.

Triangulation fraud prevention techniques:

  • Keep a track of repeated product selling behavior of the retailer.
  • Connect with triangulation fraud victims to ascertain the fraud strategy
  • Be in touch with auctions/marketplaces that are known to host fraudulent sellers.

5. Refund fraud

Refund fraud occurs in a situation wherein a customer engages in the frequent return of ineligible items without any concrete reasons. For example, stolen or damaged goods are frequently returned. It often results in e-commerce sites hiking prices to recover the loss due to fraudulent returns.

Refund fraud prevention techniques:

  • Flagging customers resorting to frequent returns.
  • Stricter return policies like discouraging returns without a valid receipt.
  • Serial numbers on goods for verification.

On the whole, payment frauds are an inevitable part of transactions in a digital era. However, the tips and tricks mentioned above can be used to reduce it considerably, if not eliminate it. In addition, be well prepared for any unforeseen scenarios during online payments. Always, keep in touch with the concerned banking and regulatory authorities to safeguard your business and buyings.

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Entrepreneur Entrepreneurship inspiration motivation Uncategorized

Hundred motivational quotes for success

Evergreen quotes to keep you inspired and take you towards success

What do you mean by success in business? Is it just about the idea? How important are interpersonal skills? Have you craved for something inspirational to keep you going? Further, isn’t persistence an enviable quality given the enormous challenges of the entrepreneurial life.

An entrepreneur is a person who brings in a new business idea to the table. But, an idea doesn’t manifest itself into success overnight. It requires sheer grit, hard work, perseverance and above all unflinching hope to make it a success.

In pursuance of this, we can learn a lot from seasoned entrepreneurs. Most importantly, tracing their growth journey is crucial to learn about the challenges of entrepreneurship.

Inspirational quotes for success

In this blog, I will take you through a hundred quotes given by successful people. These quotes relate to different qualities of an entrepreneur in particular and successful people in general. I am sure, these quotes will handhold you both in your entrepreneurship as well as non-entrepreneurship journey.

1.Leadership quotes for success

  • “You don’t have to hold a position in order to be a leader.” – Henry Ford
  • “True leadership stems from individuality that is honestly and sometimes imperfectly expressed… Leaders should strive for authenticity over perfection.” – Sheryl Sandberg
  • “Some people want it to happen, some wish it would happen, others make it happen.” – Michael Jordan
  • “Leadership is a matter of having people look at you and gain confidence, seeing how you react. If you’re in control, they’re in control.” – Tom Landry
  • “The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things.” – Ronald Reagan
  • “A person always doing his or her best becomes a natural leader, just by example.” – Joe DiMaggio
  • “A leader takes people where they want to go. A great leader takes people where they don’t necessarily want to go, but ought to be.” – Rosalynn Carter
  • “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” – President John Quincy Adams
  • “A genuine leader is not a searcher for consensus but a molder of consensus.” – Martin Luther King Jr.
  • “Leadership consists of nothing but taking responsibility for everything that goes wrong and giving your subordinates credit for everything that goes well.” – Dwight D. Eisenhower

2.Creative

  • The works must be conceived with fire in the soul but executed with clinical coolness – Joan Miró
  • “Don’t be satisfied with stories, how things have gone with others. Unfold your own myth.” 
    ― Rumi
  • If you’re not doing some things that are crazy, then you’re doing the wrong things – Larry Page
  • Great things are not accomplished by those who yield to trends and fads and popular opinion – Jack Kerouac
  • You can’t use up creativity. The more you use, the more you have – Maya Angelou
  • If it doesn’t sell; it isn’t creative – David Ogilvy
  • The principal mark of genius is not perfection but originality, the opening of new frontiers – Arthur Koestler
  • “Great minds discuss ideas. Average minds discuss events. Small minds discuss people.” 
    ― Henry Thomas Buckle
  • “Learn the rules like a pro, so you can break them like an artist.” 
    ― Pablo Picasso
  • “Creativity takes courage. ” 
    ― Henri Matisse

3.Innovative

  • Few ideas work on the first try. Iteration is key to innovation – Sebastian Thrun
  • Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth – Peter Drucker
  • Collaboration and augmentation are the foundational principles of innovation – Vaclav Smil
  • Innovation comes out of great human ingenuity and very personal passions – Megan Smith
  • I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out – Jeff Bezos
  • Innovation requires an experimental mindset – Denise Morrison
  • Innovation is like looking for pieces in a jigsaw puzzle. You have to find a lot of pieces that don’t match to find the one or two pieces that match. – – Edward Conard
  • The history of innovation is the story of ideas that seemed dumb at the time – Andy Dunn
  • Innovation comes from the producer – not from the customer – W. Edwards Deming
  • Innovation is serendipity, so you don’t know what people will make – Tim Berners-Lee

 

4.Confidence Quotes for success

  • “Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.” – Helen Keller
  • Each time we face our fear, we gain strength, courage, and confidence in the doing.- Theodore Roosevelt
  • One important key to success is self-confidence. An important key to self-confidence is preparation.- Arthur Ashe
  • With the realization of one’s own potential and self-confidence in one’s ability, one can build a better world. – Dalai Lama
  • Self-confidence is the memory of success. – David Storey
  • Confidence is preparation.  Everything else is beyond your control. – Richard Kline
  • It is confidence in our bodies, minds, and spirits that allows us to keep looking for new adventures — Oprah Winfrey

  • Confidence comes not from always being right but from not fearing to be wrong — Peter T. Mcintyre

  • The most beautiful thing you can wear is confidence — Blake Lively

  • Doubt kills more dreams than failure ever will – Suzy Kassem

5.Passion

  • There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living – Nelson Mandela
  • Success comes to those who dedicate everything to their passion in life. To be successful, it is also very important to be humble and never let fame or money travel to your head – A. R. Rahman
  • Without vision, even the most focused passion is a battery without a device – Ken Auletta
    Find your passion, set a goal, go to work, evaluate, reassess, and repeat – Elana Meyers
  • If you have passion, there is no need for excuses because your enthusiasm will trump any negative reasoning you might come up with. Enthusiasm makes excuses a nonissue – Wayne Dyer
  • Passion rebuilds the world for the youth. It makes all things alive and significant – Ralph Waldo Emerson
  • As reason is a rebel to faith, so passion is a rebel to reason – Thomas Browne
    But life is long. And it is the long run that balances the short flare of interest and passion – Sylvia Plath
  • “Nothing is as important as passion. No matter what you want to do with your life, be passionate.” —Jon Bon Jovi
  • “Passion is the genesis of genius.” —Tony Robbins

 

6.Perseverance quotes for success

 

  • No one succeeds without effort… Those who succeed owe their success to perseverance – Ramana Maharshi
  • Perseverance is failing 19 times and succeeding the 20th – Julie Andrews
  • Perseverance and perspective until victory – Lincoln Diaz-Balart
  • In the realm of ideas, everything depends on enthusiasm… in the real world, all rests on perseverance. – Johann Wolfgang von Goethe
  • Perseverance – a lowly virtue whereby mediocrity achieves an inglorious success – Ambrose Bierce
  • Perseverance is also key to success in any endeavor, but without perseverance in combat, there can be no victory – Jocko Willink
  • Everything that I’ve ever been able to accomplish in skating and in life has come out of adversity and perseverance – Scott Hamilton
  • The king knows with what ardor and perseverance I have at all times been devoted to the cause of liberty and to the principles of humanity, equality, and justice – Marquis de Lafeyette
  • Perseverance is more prevailing than violence; and many things which cannot be overcome when they are together, yield themselves up when taken little by little – Plutarch
  • Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do – Pele

 

7. Determination quotes for success

  • What does it take to be a champion? Desire, dedication, determination, concentration and the will to win – Patty Berg
  • The determination to win is the better part of winning – Daisaku Ikeda
  • Victory is the child of preparation and determination – Sean Hampton
  • You’ve got to get up every morning with determination if you’re going to go to bed with satisfaction. – George Horace Lorimer
  • Determination becomes an obsession and then it becomes all that matters – Jeremy Irvine
  • Do not underestimate the determination of a quiet man – Iain Duncan Smith
  • Change is hard and requires constant struggle and determination – Sadiq Khan
  • A determined person will do more with a pen and paper than a lazy person will accomplish with a personal computer.  – Catherine Pulsifer 
  • A vow is fixed and unalterable determination to do a thing when such a determination is related to something noble which can only uplift the man who makes the resolve.–Mahatma Gandhi
  • Desire is the key to motivation, but it’s the determination and commitment to an unrelenting pursuit of your goal — a commitment to excellence — that will enable you to attain the success you seek. –  Mario Andretti

8. Discipline quotes for success

  • To enjoy good health, to bring true happiness to one’s family, to bring peace to all, one must first discipline and control one’s own mind. If a man can control his mind he can find the way to Enlightenment, and all wisdom and virtue will naturally come to him – Buddha
  • It was the character that got us out of bed, the commitment that moved us into action, and discipline that enabled us to follow through – Zig Ziglar
  • It doesn’t matter whether you are pursuing success in business, sports, the arts, or life in general: The bridge between wishing and accomplishing is discipline. – Harvey Mackay
  • Self-respect is the fruit of discipline; the sense of dignity grows with the ability to say no to oneself.   -Abraham Joshua Heschel
  • Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak, and esteem to all. – George Washington
  • There is one thing that gets you out of bed in the morning, and that is discipline. Because your dreams and your goals are not there waking up for you in the morning – Jocko Willink
  • Discipline is just doing the same thing the right way whether anyone’s watching or not – Michael J. Fox
  • Even as you make progress, you need the discipline to keep from backtracking and sabotaging the success as it’s happening – Nipsey Hussle
  • The only discipline that lasts is self-discipline – Bum Phillips
  • Discipline strengthens the mind so that it becomes impervious to the corroding influence of fear.    – Bernard Law Montgomery

9.Decisiveness quotes for success

  • The one word that makes a good manager – decisiveness. – Lee Iacocca
  • The way to develop decisiveness is to start right where you are, with the very next question you face. -Napoleon Hill
  • “Decisiveness is often the art of timely cruelty.” – Henry Becque
  • “Direct threats require decisive  action”  – Dick Cheney
  • “Clarity and decisiveness come from the willingness to slow down, to listen and look at what’s happening.” – Pema Chodron
  • “Decisiveness is the number one quality of a dynamic leader: his ability to communicate a decision with passion and integrity is an art form.” – Farshad Asi
  • “Energy, confidence and decisiveness is 90% of the battle.” –  Craig Cackowski
  • “Your decisiveness is your determination. Your chase is your goal and your joy is your life.”  – Ruturaj Uttarwar
  • “Be decisive. A wrong decision is generally less disastrous than indecision.” Bernhard Langer 
  • “All the paths kneel before the decisive minds!”  – Mehmet Murat Ildan

10.Open-minded

  • The older I get, the more open-minded I get, the less judgmental I get – Gwyneth Paltrow
  • Without an open-minded mind, you can never be a great success – Martha Stewart
  • One of the best paradoxes of leadership is a leader’s need to be both stubborn and open-minded. A leader must insist on sticking to the vision and stay on course to the destination. But he must be open-minded during the process – Simon Sinek
  • Stay open-minded; stay focused. Train hard and train smart. For me, the older I get, the smarter I have to train also because the recovery time is longer. Work on everything: become a well-rounded fighter – don’t just be good at one thing; be good at everything – Brock Lesnar
  • I think when you’re young, you’re a lot more open-minded, and sometimes you’re a lot more perceptive about what’s going on in the world – Zendaya
  • You have to be open-minded, and you have to be critical, and you have to let go of your predispositions about what you’ve been told that doesn’t have foundations in evidence – Carl Hart
  • If you are open-minded and you let the universe come in, you never know where things might go – Adam Neumann
  • “It is a narrow mind which cannot look at a subject from various points of view.” 
    ― George Eliot, MiddleMarch
  • “Let yourself be open and life will be easier. A spoon of salt in a glass of water makes the water undrinkable. A spoon of salt in a lake is almost unnoticed.” 
    ― Buddha
  • “Renewal requires opening yourself up to new ways of thinking and feeling” 
    ― Deborah Day

Overall, these quotes are applicable to any profession per se. Irrespective of your background, these quotes have valuable takeaways for every person. For example, perseverance and determination in the face of failure is the hallmark of any successful person. Challenges are an essential ingredient for growth and development. Hence, the best use of the quotes is by putting it into diligent practice.

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