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20 Small Business Twitter Accounts to Follow

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Twitter accounts is a helpful resource for small businesses and entrepreneurs. Not only is this form of social media a great marketing tool, but it is also a way to stay in the loop and learn new and intriguing information. Following fellow entrepreneurs, as well as your competition, can help you keep tabs on current business practices. Here are 21 small business Twitter accounts to follow:

List:

NYT Small Businesses (@NYTSmallBiz): From the Small Business section of the New York Times, the NYT Small Businesses Twitter account provides helpful information and tips for small business owners, as well as a place for business owners to meet likeminded colleagues and collaborate.

 

Startup Nation (@StartupNation): Startup Nation is a place where small businesses can find business tips, tricks, and resources. They often tweet helpful content, as well as promotional discounts and coupons.

 

Anita Campbell (@smallbiztrends): Anita Campbell is the CEO of the Small Biz Trends magazine. She tweets helpful content that inspires business owners and entrepreneurs daily.

 

John Jantsch (@ducttape): John Jantsch is a small business marketing consultant. His Twitter is full of relevant advice and marketing inspiration for small businesses.

 

Small Business Administration (@SBAgov): This is the official Twitter account for the government administration. The SBA will tweet about current news and events that affect small businesses, as well as share tips and resources for small business owner’s to take advantage of.

Top Rank (@toprank): Top Rank is an online marketing business. Top Ranks shares tons of news, information, and tips for using SEO, social media, and email marketing on their twitter feeds.

 

Ramit Sethi (@Ramit): Ramit Sethi is the bestselling author who wrote the book “I Will Teach You to be Rich”. He mainly focuses on teaching users how to turn their hobbies into cash, but his words of wisdom can be used by entrepreneurs and small business owners alike.

 

Chris Del Grande (@valuedmercants): Chris Del Grande is the founder of Valued Merchants. His Twitter feed is filled with information retweeted from general Twitter accounts that apply to small business owners.

 

Kelly Lovell (@kellyalovell): Kelly Lovell started her first business at the age of 19. Now a motivational speaker and has created and produced a TV show. She is an inspiration for women entrepreneurs everywhere.

 

Melinda Emerson (@smallbizlady): Melinda Emerson uses her Twitter to inspire small business owner’s everywhere. With the hashtag #SmallBizChat, she is always interviewing small business experts for the newest and most accurate advice.

 

O-Desk (@odesk): O-Desk has become the online resource for freelancers everywhere, Upwork. The O-Desk Twitter shares valuable information on the freelance market. It is a helpful resource for freelancers and businesses who hire freelancers alike.

 

Harvard Business Review (@HarvardBiz): The Harvard Business Review is known for their insights to the business world. The information they share comes in the medium of blog posts, statistics, and tips and tricks.

 

Kabbage (@kabbage): Kabbage is a finance solution for small businesses. On Twitter, they offer financial advice, statistics, and words of wisdom that applies to small businesses everywhere.

 

Copyblogger (@copyblogger): Copyblogger is a business that helps other small businesses focus on content marketing. With the wide known success of content marketing, the valuable statistics and helpful advice shared on the Copyblogger Twitter will come in handy to many businesses.

 

The Alternative Board (@TAB_Boards): The Alternative Board provides consulting and coaching to small businesses everywhere. Their Twitter is no different. On Twitter, the Alternative Board shares helpful news on webinars and events.

 

Rosabeth Moss Kanter (@RosabethKanter): Rosabeth Kanter is a Harvard Business school professor. Her expertise is in leadership and she shares tips with her followers on successfully leading small businesses every day.

 

Your Business Pal (@yourbusinesspal): This company offers small businesses help in planning content from business plans to marketing materials, and their Twitter offers the same advice.

 

Mark Suster (@msuster): Mark Suster has had a part of two successful businesses and he shares his knowledge of the inner workings of the business world through his blog and Twitter account.

 

Tim Berry (@TimBerry): Time Berry has created software, websites, and books, and he tweets about the various viewpoints of the business world, including contemplating the view point of competitors.

 

Bernadeen McLeod (@Bernadeen): Bernadeen McLeod has worked almost two decades as an executive and general manager. She coaches small businesses when they need help and they can look to her Twitter account as helpful resources.

 

Brad Feld (@bfeld): Brad Feld invests in software and internet groups, so he knows what to look for in new and upcoming businesses. He shares his insights on business trends and what to invest in on Twitter.

 

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BusinesseCommerce

Dependency on Computers

Dependency on Computers

When you initially think about “PC” you no doubt think about a portable workstation or desktop Computer, however, there are numerous other various types of PCs. For instance, the smartphone in your pocket is a PC, your tablet around your work area is a PC. The conceivable outcomes are huge, yet do you think our dependence on these gadgets is getting somewhat wild? For instance, we can get to our financial balances just by opening an application on your advanced mobile phone. That is insane! We have the chance to store such an extensive amount our own data on these gadgets which is certainly advantageous, yet is it a smart thought? How does the PC influence us once a day and does it profit us or cause issues?

 

As our general public has advanced, there is most likely that PC innovation has turned out to be progressively essential. Youngsters today are experiencing childhood in reality as we know it where PCs are expected to do everything from controlling awful warmth looking for rockets to sparing lives by controlling pace producers. It is part of instructions to is developing with expanding ventures and mechanical advancement. I trust this is something worth being thankful for, yet we should continue with alert and a basic eye.

 

The Universities in India are also digitized places like Rajasthan, Uttar Pradesh, who are not known as educational hub, the universities established in these states like Poornima University, Aligarh Muslim University, etc. all are not only getting digitized and improving the standards of education in that region but also with the boon in the technology. It is also getting a distraction for students as anything which is not used wisely brings harm to people. But it is necessary for universities to embrace the technology as they are shaping individuals for the next generation. Other universities like Banasthali University, Lovely Professional University, GLA University are all non-governmental university doing well accordingly.

 

The long achieving fingers of the Internet’s energy have touched practically every individual and part of the world. The Internet has turned out to be fundamental in all parts of the business as our economy turns out to be more worldwide. Both the words PC and group share the root word “com”. Strikingly, the importance of this Latin root word is “to connect with” or “together”. Regardless of whether we as a general public are effective in utilizing PCs to unite all individuals for peace and thriving stays a standout amongst the most vital issues of the 21st century. As we push ahead being used and comprehension on the part of PCs in our lives and “groups”, we are tested to coordinate its utilization for the advantage of all.

 

Individuals will just know whether they are excessively reliant on PCs by looking at their own lives, including the measure of time they spend on the web and the amount and nature of data they share. At the point when individuals start neglecting fragile living creature and blood connections for their PCs, the risk zone is quickly drawing closer. In any case, if a man can locate a sheltered, secure, and solid adjust, at that point, they are most likely not in peril of winding up too dependent on their PCs. If you are a tech enthusiast seeking the latest trends in the world of technology then Techno Philes Blog is a must visit. The site has a multitude of articles providing latest insights on the tech world and its impact on our everyday life.

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Business

5 Amazing Benefits of Data Recovery Software

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When it comes to vital information, it’s important for businesses to make sure that their data is protected and backed up in the event of an emergency. Unfortunately, only about 50% of small- and medium-sized businesses are confident that their data is being backed up properly. Many times, they feel as if they lack the technical expertise or equipment to back up their critical data properly.

 

Sadly, disaster waits for no one and can strike at any time and in any form. Even something as innocuous as accidentally dropping an important hard drive can throw a business into a tailspin. Regardless of the type of disaster that may happen to a business, you as a company may very well experience one. That’s where SD card recovery comes into play.

 

Here are 5 great benefits that data recovery software free can have on your company

 

Higher Reliability

Perhaps the biggest benefit of regular remote data backup is its great reliability. Remote backup can be automated and updated on a daily basis, or you can even back up your data at a set time. Plus, since this is done via the Internet, you will always be able to recover any files you need quickly.

 

Easy Set-Up

Backing up your data may sound like a daunting task, but when you do it remotely, it’s as easy as a few clicks! Just have an IT professional set up the system and the schedule or automation, and you can rest easily knowing that your data is protected, backed up, and up-to-date.

 

Reduced Workload

Manual backing up files can be very time-consuming and always requires at least one person to do the job. Since remote data backup involves automation, you won’t need to worry about taking the time to back it up with a CD or a USB drive, and you’ll always know where the backups are. This will help you save quite a bit of time and frustration.

 

Greater Security

When you employ remote data backup, you store your data in a secure location, making it physically safe. This is typically done via advanced encryption tools that are used at both the hardware and software level. You will never have to worry about others locating and compromising your data with remote data backup.

 

Saves Money

Think about all of the equipment you need when you manually back up your data. You’ll need a lot of physical storage solutions for your computers, and if you have many computers with large amounts of data, that can be a costly and burdensome solution. If your company operates in an industry in which backups are mandatory, remote backup will be a cost-effective solution for your business.

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Business

Amazon.in opens its Largest Fulfilment Centre in India

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Ramps up storage capacity to 3.2 million cubic feet in Telangana in time for the festive season

 

  • Increased storage capacity with the launch of this 5th FC in Telangana
  • Faster order fulfilment to customers in Telangana and the neighboring regions.
  • Further support the 2X growth of sellers in the State.
 Press Release

September , 2017:

Amazon today announced the expansion of its infrastructure footprint opening its largest fulfilment center in India with the view to enhance customer experience just ahead of the festive season. Covering over 400,000 square feet with close to 2.1 million cubic feet of storage space, the center situated in Shamshabad near Hyderabad is the 5th fulfilment center in Telangana and the largest in India. Amazon has ramped up storage capacity to 3.2 million cubic feet in Telangana to enable faster deliveries to customers in the region.

 

On the occasion of the launch, HonorableMinister of IT, Municipal Administration & Urban Development, Industries & Commerce, Public Enterprises, Sugar, Mines & Geology, NRI Affairs, Government of Telangana. Shri. K. T. Rama Rao said, “Amazon India’s latest investment with the launch of their 5th Fulfilment Centre in Telangana, here in Shamshabad, Telangana evidently signifies the growing interest of large global enterprises in the state. The FC will enable thousands of small &medium businesses selling locally created products such as apparels, handlooms & handicraft to service customers seamlessly across the country & the globe. It will also fuel the growth of ancillary businesses such as packaging, transportation, logistics, and hospitality across the state. We are committed to enabling the ease of doing business and enabling companies like Amazon.in to expand their presence in Telangana.”

 

“Our vision is to transform the way India buys and sells. At Amazon, we have been consistently investing in our infrastructure and delivery network, so we can increase our speed of delivery and provide a superior experience to both – customers and sellers. With the launch of our largest fulfilment center here in Telangana, we strongly believe that we will be able to better serve our customers with one-day & two-day delivery. The FC will enable sellers to use local infrastructure, save capital and help them grow their businesses.” saidAkhil Saxena, Vice President, India Customer Fulfilment, Amazon India.

 

 “Our Fulfilment Centre will work closely with local communities, create numerous skilling and employment opportunities for thousands of youth. We continue to work with sellers in Telangana providing them with a marketplace to sell their products to millions of customers and scale their business to greater heights. With more than 10,000 sellers in Telangana, the selection offered by sellers in the state for immediate delivery has grown more than 120% this year as compared to last year.” Akhil added.

 

Speaking on the occasion Mr. SGK Kishore, CEO-GHIAL said, “We are happy to welcome Amazon to Hyderabad and we thank them for choosing GMR Hyderabad Airport City as the location for their largest Fulfilment Center in India. We congratulate Amazon on the opening of this fulfilment center, which we are sure will open up large direct employment opportunities & new economic growth avenues in the state of Telangana. We are also proud to have partnered with Amazon to build and deliver this technology-driven facility in record time.  

We are developing a world class Airport City, which is the largest in India and set to become the engine of economic growth in the entire region. Being developed with the world-class Hyderabad International Airport at its core, the Hyderabad Airport City symbolises a resurgent India, which reflects the government’s vision of driving economic growth supported by high quality infrastructure and maximum ease of doing business. Amazon adds to the growing list of our marquee clients.”

Leveraging its fulfilment centers with state-of-the-art infrastructure, Amazon provides a delightful customer experience through its program – Fulfilment By Amazon (FBA). When using FBA, sellers across India send their products to Amazon’s FCs and once an order is placed, Amazon picks, packs, and ships the order to the customer, provides customer service and manages returns on behalf of the sellers. Orders fulfilled by Amazon are eligible for Cash on Delivery, Guaranteed Next-Day, Same Day, Release Day, Morning delivery and Sunday delivery. Sellers always have the flexibility to choose the number of products they want to have fulfilled by Amazon and scale according to their business requirements.

 

All customers on www.amazon.in and the Amazon mobile shopping app have an easy and convenient access to over 100 million products across hundreds of categories. They benefit from a safe and secure ordering experience, convenient electronic payments, Cash on Delivery, Amazon’s 24×7 customer service support, and a globally recognized and comprehensive 100% purchase protection provided by Amazon’s A-to-Z Guarantee.

 

About Amazon.in

The Amazon.in marketplace is operated by Amazon Seller Services Private Ltd, an affiliate of Amazon.com, Inc. (NASDAQ: AMZN). Amazon.in seeks to build the most customer-centric online destination for customers to find and discover virtually anything they want to buy online by giving them more of what they want – vast selection, low prices, fast and reliable delivery, and a trusted and convenient experience; and provide sellers with a world-class e-commerce platform.

For more information, visit www.amazon.in/aboutus

For news on Amazon, follow www.twitter.com/AmazonNews_IN

 

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about

 

 

 

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Business

How To Build Strong Brand Reputation Improvement

Brand Reputation

“Your brand is what other people say about you when you are not in the room.” Jeff Bezos

In the 21st century customers not only look for products but also brand value. They want buy and hoard things that have an aspirational value, a name and a pride to associate with.

Branding have become such a precious treasure for businesses that brand value itself is recognized as an intangible asset in financial statements. Enterprises are ready to go to war against anyone who infringe their brand name or patented products. Such is the power and value of a brand.

From an organizational perspective, maintaining a brand image is not an easy task either. It is literally a tight-rope walk where even the slightest imbalance can throw the reputation down a steep cliff and to untimely death.

Especially with social media, live video streaming and news channels eyeing for breaking news from all corners, brands have to be extra careful and maintain vigil over their branding efforts and sustenance.

If you own a brand, or are in the process of building one, you are steps away from knowing how to develop and maintain an identifiable brand image for your company.

1. Customers Service & User experience

One common feature among all global brands is that, they are all pioneers of customer service and user experience.

Take for instance, Apple Inc. – the multinational technology company is popular for the extra mile it walks to satisfy and make customers feel special. Not to mention its utilitarian website set up with complete security features including Extended Validation SSL that makes customers feel safe while shopping. Learn more about Extented Validation SSL & its benefits to business.

Another popular brand is Four Seasons – the chain of luxury hotels which is the first choice for many when it comes to premium accommodation. The brand has a class of its when it comes to giving rest and comfort to customers.

Both these brands are able to enjoy a strong brand identity quite distinct from their rivals because of their excellence in customer service and user experience.

2.  Logo is Not Your Brand

A logo is a symbol, emblem or design that customers use to identify a brand. It serves in differentiating a brand and its from competition in a common marketplace. However, most brands misunderstand their logo to be their brand.

The logo does not become a brand unless the business does something ground-breaking. Take for instance the half bitten Apple logo of Apple computers. It is such a simple and peculiar logo that one might even wonder how it serves as a logo.

However, over the years through its stunning range of innovative products, Apple has given its logo a whole new meaning. People recognize it like a royal insignia. It has become a status symbol only because of what Apple does as a business and not for the logo design.

Takeaway: As in #1 user experience and customer service that a business delivers is what gives the business an identity and its a logo a brand value.

3. Value Addition at its Best

The prime reason why customers pay money for a product or service is because they feel it provides some value. The product/service addresses a definite problem or makes easy something that without the product is difficult. Value addition is at the core of brand.

Customers value a product/service based on the distinct advantages it can provide to them for the money they are parting with. They don’t want the product to be overly expensive or cheap in quality. It must their needs bang on without amiss.

Thus, value addition is the core principle of a brand. Customers, businesses, managers, public and everyone else judges a brand’s value based on the value it adds to them. Without value addition a brand is nothing but just a business that exists in the market.

4. Be Constantly Evolving

Remember Nokia? Yeah, everybody remembers Nokia but hardly anyone is using them right now. The Finland based manufacturer was grazed to ground by competition because the brand did not innovate with changing times.

When the era of smartphone was initiated by Samsung, Motorola and the likes, Nokia was still sticking on to making feature phones with hard buttons. A sure recipe for disaster for a brand, especially one in the technology industry. The key for a brand to remain valuable in its industry is constant innovation and evolution.

IBM started off as a company that made manual weighing machine for traders. But with time, its products evolved significantly to include arithmetic calculators before taking a quantum leap to make supercomputers of the world. Today, IBM is recognized as the main inventor of technologies that push human race forward.

5. Be Socially Available

In today’s connected world, a brand is better built in social media than anywhere else. Social media has the muscle power to bring together diverse users on a common page. Moreover, the endless choices that social media offers brands to invoke interest in customers further adds to its merit.

Customers also tend to trust those brands more which are easily accessible through social media. From venting customer grievances to showing love for new products, customers use brand social profiles for everything. Businesses in turn also use social media to publicize their marketing material to their followers.

Wrapping it Up

Businesses are more recognized by their brand name than anything else. In this digital world, the brand name has the power to command users to sway to the wish of the business. Therefore, businesses have to pay a heavy price to keep their brand value intact and secure at all times.

That is a task easily said than done. The above mentioned tips are designed to help brands shine their brands in full glory even in a cut-throat competitive environment. It is best suited.

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Business

50 Websites That Will Make You Smarter And Cleverer

50 Websites Will Make You Smarter And Cleverer

Before the advancement of technology, it was never easy to learn something new and expand our knowledge. But now we are in the era, where you will find fascinating  tools to expand your knowledge and breakdown your comfort zone. Learning ought not end after formal instruction. Long lasting taking in, the progressing, willful, and self-spurred quest for learning can improve your comprehension of various subjects and improve you a man each day. Your profession, individual life, and aggregate prosperity will never be the same on the off chance that you can focus on some of these magnificent assets

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader” – John Quincy Adams

Let’s begin our list of top websites that will make you a smarter, this list is compiled to breakdown your comfort zone and make you cleaver.

50 Sites To Make You Smart Person (Smarter and Cleverer)

1. TED Talks 

Ted need no introduction, it is media organisation come up to distribute free online talks and articles under the slogan of  “ideas worth spreading”.

2. Lynda

Lynda is a site that let you learn new skills from experts, it come up with thousands of tutorial videos on covering the major subjects like designing, Software development, Web development, photography and many more.

3. 99U

99U is a great site to enrich you with their enthralling article and talks on interesting topics like productivity, psychology, organization and leadership.

4. University of the People 

University of the people is World’s first non-profit American university. It is a tuition free online university with partners and donors like Intel, HP, Microsoft, Foundation Hoffman and many more.

5. Brain Pickings

If you are person who like to know about philosophy, science, history and design then brain pickings is best site for you.

6. Mental Floss 

Acquiring knowledge is not just enough, you must test you knowledge through games, brainteaser and various quizzes. This site will help you to do so.

7. Platzi

Platzi offer various type of courses to develop your skills from top industries leaders. Learn marketing, programming, designing, business lessons and many other compelling topics.

8. Alison

There are more then 800 courses waiting for you in Alison. It offers free online courses with certification and expert guidance to build your confidence in various fields.

9. Brain Pump 

Do you have curiosity to learn something new? This site will make you aware of popular topics like psychology, physics, maths, history, business and technology.

10. Peer 2 Peer University

Peer 2 Peer University is online group circle to enrich you on various topics in which learner get organized circle.

11. edX

EdX is famous for their informative courses, it was started with the collaboration Harvard University and MIT. EdX provides various courses from the World’s best institutions and universities.

12. Udacity

Udacity is another great site to make you smarter through various courses including Google. It provides bunches og online courses for free to enhance your carrier and skills and get new job to start your journey.

13. Coursmos

Coursmos is a smaller scale course stage with short video lessons on subjects going from business to way of life.

14. Highbrow

Highbrow gives you a chance to pick one course and get new learning each morning. Super-brief lessons are conveyed to your inbox. Learn, develop, rehash … in all subjects: workmanship, wellbeing, history, writing, rationale, nature, theory, efficiency.

15. Coursera

Coursera is a stage where anybody can take free online classes from 120 or more top colleges – including Stanford, Yale, and Princeton- – and instructive associations.

16. College Webinars

On University Webinars and Videos for Blended Learning, beat school personnel, staff, and specialists in their field share information from their courses and projects, directed for advanced education experts.

17. DataCamp

DataCamp is the most captivating approach to learn R and information science. Learn in the solace of your own program by means of instructional exercises and coding challenges. A month to month or yearly expense gives access to all courses.

18. CreativeLive

At CreativeLive, take free live online classes educated by the world’s most rousing teachers. Look over video workshops in photography, video, plan, business, sound, music, creating, and programming preparing.

19. Investopedia

Investopedia is a debut asset for contributing and individual fund training, advertise examination, and exchanging test systems. Get to free instructive substance and apparatuses.

20. Gibbon

Gibbon is a shared learning system that associates clients who need to show each other and find out about anything. An endeavor information entryway for representative advancement and adapting, separately open courses are likewise accessible.

21. BBC Languages

BBC Languages gives free online dialect learning- – by means of courses, sound, video, and recreations – that incorporates the letters in order, phrases, vocabulary, articulation, sentence structure, exercises, and tests. Free intelligent instructional exercises come in 40 dialects.

22. Future Learn

Future Learn has free courses in subjects including law, brain science, and educating, offered in association with top colleges and authority associations in the U.K. what’s more, around the globe.

23. MIT OpenCourseWare

MIT OpenCourseWare is an electronic production, open and available, of for all intents and purposes all MIT course content.

24. Project Gutenberg

Project Gutenberg is a computerized library of more than 50,000 free ebooks to peruse on the web or download. Included are book postings, an internet searcher, a bulletin, articles, and data on how clients can help make all the more free ebooks.

25. Quora

Quora: the best response to any question. On Quora, ask a question on any theme or subject and get an answer from a specialist.

26. Udemy

Udemy is an online training commercial center with boundless assortment: more than 30,000 courses, created by topic specialists.

27. Skillshare

Skillshare is a learning group for makers. Anybody can take an online class, watch video lessons, make extends, and even educate a class.

28. Inc.com

Inc.com is about guidance, news, instruments, and administrations to help private companies develop. All that you perused on Inc.com will make you a more intelligent pioneer and business person.

29. BBC — Future

In-profundity scope of science, wellbeing and innovation

30. 5-minute Drops

Learn another dialect for close to 5 minutes for every day.

31. Makezine

DIY ventures, how-Tos, hardware, specialties and thoughts for producers.

32. Psychology Today

It is a dedicated only to the loved and admired subject: Ourselves.

33. Daily Bits Of

Learn anything, anyplace, with every day courses through email

34. Skillshare for Mobile

Learn pretty much anything

35. Medium

Don’t miss the astounding pieces here consistently.

36. The School of Life

A place that tries to answer the colossal inquiries of existence with the assistance of culture.

37. Chalk Street

Learn the things that are critical to you.

38. Guides.co

Modern “How To” aides.

39. Highbrow

Expand your insight universe in only 5 minutes a day.

40. InstaNerd

Be brilliant, in a flash.

41. Degreed

A long lasting learning stage.

42. Daily Curiosity

Get educated with 5 new astonishing subjects, conveyed day by day.

43. Lrn

Learn to code whenever it might suit you.

44. Flowkey

The simplest approach to learn piano.

45. Big Think

Articles and recordings highlighting master “Enormous Thinkers.”

46. Code School

Learn to code by doing

47. Lookmunk

Find the best sites to discover some new information regular!

48. Greatist

Real certainties and feasible strides for your most joyful life

49. Youtube EDU

The instruction recordings that open learning

50. WikiWand 

A smooth new interface for Wikipedia

These above sites will enrich you on various topics and let you help in becoming genius and smart in your field. It all depends on your speed of learning and your dedication.

We have collected these list of website to make you smarter and become different from others by learning online.

Let us know in comment section that which site make you smarter?

 

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Business

7 Major Mistakes That Entrepreneurs Make

7 Major Mistakes That Entrepreneurs Make

Small firms are more likely than large companies vanish from the market because of limited resources, a less effective management and a financial insecurity. Bankruptcy is due to start-up companies that make many mistakes entrepreneurs both in creating them, especially during their operation. Being an entrepreneur may very well be one of the most difficult jobs on the planet. There are very few career paths that require the same amount of work, skill, sacrifice and commitment. Being an entrepreneur is really hard but also really rewarding. No matter what field you are in, or what type of business you own, it is so important that you understand some of mistakes that tend to plague so many entrepreneurs in today’s market. These are by far the biggest mistakes that any business owner can make. Avoid these mistakes at all costs and you will set yourself up for success.

7 Major Mistakes That Entrepreneurs Make

Poor management

Many entrepreneurs fail because they tend not to understand that from a certain size, business requires a management practiced by people with knowledge and experience. Skills are not sufficient to lead a larger scale business. Right to notice is that the entrepreneur when he should be entrusted to experts in business management, and he finally set up a new business process which has the required abilities.

Lack of experience

Every entrepreneur needs some experience in developing business. Creating and developing a business in an area where you do not have the necessary skills will generally lead to downfall of business sooner or later. Therefore it is necessary for entrepreneurs to gain expertise in the field that they are willing to opt.

Recommended For You: Strategies that drive successful Entrepreneurship

Financial control

Business success depends on the availability of capital to start entrepreneurial activities. The cause is limited resources and limited finance. It also requires adequate financial control and use of appropriate finance in effective and efficient manner.

Marketing of low quality

Entrepreneurs make another mistake in developing a business. In fact the effective marketing plan can help in consumer segmentation and market augmentation. Proper marketing is the key for the growth of the business.

Poor choice of location

Although considered by many entrepreneurs as being less important, the prime location may be one of the errors that may even lead to business failure. Selecting the location where the availability is there, but at the same time the location doesn’t favor your needs will lead to harsh circumstances in future.

Setting incorrect price

Setting up the prices is one of the important task that entrepreneur has to take. He/she needs to understand how the price has been set by the competitors. If there is a high margin difference between the prices then consumer tends to have alternatives which may affect the firm.

Inability to manage growth

Entrepreneurs tend to ignore once they start having profits. At the same time they tend to disregard their own venture. They start having the feeling of achieving and accomplishing the task, but forgets the things that led to this peak that are its employees, customers, shareholders and all the other stakeholders.

 

Over time the entrepreneur evolve and their leadership, their thinking, their ideas etc. Some entrepreneur make impact and other had seen misery but impacted in other way round. Idea is initial stage and execution is another most crucial part of entrepreneurial journey.

Entrepreneurs make mistake and see failure in their journey. If they do not learn from their mistakes and failures then it is waste and harmful even disastrous for their future ventures. if the do learn from their mistakes then it will become bliss for their journey.

 

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