A Quick Guide for Switching from Corporate Job to Starting a Business



Hustlers around us who work overtime and are dedicated to their job are often led with an objective, to improve their productivity, skill and later, start their own business. Plenty of business students graduate from Best Business Schools in Kerala who aim to become successful entrepreneurs. Though, these B schools in Kerala and India provide the finest training for their students to overcome various challenges, they require additional guidance to switch from their corporate job to start their own business in a smooth manner. And here is a quick guide to help the process:
  1. Understand the reasons that are creating a driving force in you to execute your “idea” and bring it to life. Find answers to questions like what market gap would your idea fill, would this be a game changer, would it solve problems of your customers, what all resources do you need to bring this idea to life, etc. Though you would find various roadblocks, make sure that you overcome those to find reasonable answers.
  1. Make your entrepreneurship dream a successful one by hiring talents who can work with your same passion and attitude towards work. Also, have a positive mindset, a short realistic and long optimistic goal to reach your goals.
  1. Women entrepreneurs can make their dream of starting their own business by setting definitive goals, building network and using time wisely. Because nothing can stop you if you are determined and have a proper plan of action!

  1. Create a perfect work and personal life balance as you need both to learn and grow. Let your dreams of being an entrepreneur grow along with your normal routine and you would definitely feel the balance and make them coexist without any hurdles or issues.

Comments

Post a Comment

Popular posts from this blog

Drop Shipping

Image
A supply chain management method where the retailer does not keep stock of goods but transfers orders received from customers and its shipment details to the manufacturer, wholesaler or retailer, and then they ship it directly to the customer is called as drop shipping. Retail businesses make profit with the difference in wholesale and retail price but there are retailers who earn an agreed percentage of sales as commission which is paid to the retailer by the wholesaler. Drop shipping gained popularity as the seller need not keep goods in stock and they don’t have to take the stress of packing and dispatching them. The drop shipping retailer keeps goods on display in his physical brick and mortar store or even provides online product catalogue or hard copy to its customers for reviewing and purchasing.  This occurs when small retailers receive single large order for a product. Here, he arranges for the goods to be shipped directly from the manufacturer or distributor ...
Read more

Bid-Ask Spread

Image
The amount by which the ask price is exceeded by the bid price for an asset in the market is called as a bid-ask spread. It is essentially the difference between the highest price a buyer is willing to pay for an asset and probably the lowest one at which the seller would be willing to accept. An individual who is looking forward to sell will receive the bid price at which he is looking to buy, will end up paying the ask price. In short, bid-ask spread is the difference between the highest price which a buyer is willing to pay for an asset and the lowest price a seller would be willing to accept. The transaction cost involved here is referred to as spread and the price takers buy at the ask price to sell them at bid price whereas market maker buys at bid price and sells them at the ask price. The bid represents demand, and ask is used to represent the supply for an asset. The bid-ask spread is used as the de facto measure for understanding market liquidity. More Info : ...
Read more

Bailment

Image
In common law, bailment refers to a contractual transfer of assets or property from a bailor to a bailee where the bailor temporarily relinquishes possession and not ownership of the property. It describes a legal relationship where a personal property’s physical possession is transferred from one person to another who later takes possession but not total ownership as such. Bailment, in finance, means legitimate transfer of securities like shares of stock from one individual (owner) to another for short selling. Here, short selling means an investment or trading strategy where people bet on a decline in the price of securities. An example of bailment is a leased apartment where a tenant possesses and uses the apartment but in reality he does not own it. There are three types of bailments: a.        A bailment which benefits both the bailor and bailee b.        A bailment that benefits only the bailor c. ...
Read more