Editor’s Note
The modernity of a country’s economy goes hand in hand with the progress of the iron and steel industry. This industry is naturally bestowed with the potential to regulate the growth of other sectors. Our country needs torchbearers to revamp the actions of the steel and iron industry. With this special edition, Prime Insights Magazine brings before you the comprehensive brand story ofCMSR Pvt. Ltd.
The company has emerged as a shining star in diversifying the aura of the aforementioned. Their transparent legacy and dedication towards quality services have made them a densely growing business venture with an annual turnover of approximately thousands of crores. Our platform is proud to have the opportunity to put forward such inspiring success stories as CMSR Steel Pvt Ltd. The company has bagged the title of “Iconic Brand of the Year 2022”.
The company was founded by Mr. Moin Pasha. He learned all the classic antics about the steel business from his father and decided to stride towards entrepreneurship. His parent company AR Steel Suppliers has already established its supremacy in the market since 1992. So to build a new brand in the same industry on the same guidelines was quite challenging for Mr. Moin Pasha. Along the journey, he made strategic leaps in gripping CMSR’s position in the market. Besides, the company has been actively involved in a variety of activities for improving its engagement with clients. For example, they organize a meet and greet where productive discussions about client’s requirements and betterment are made. Moreover, he is also planning to set up a huge factory on the outskirts of Bangalore equipped with gilt-edge services like CNC and Laser cutting. This step will also helm broader grounds of employment for the youth of Bangalore. To elevate its excellence, the company has also collaborated with TATA Steel Agency for upcoming targets of the future. There is much more to explore about CMSR and other companies as well in this edition.
Our whole team has actively participated in making this edition stand true to its charisma. We always make significant efforts in bringing out valuable content from the business community to our readers. I hope our readership panel will acknowledge our hard work and absorb immense motivation. Getting muchneeded feedback and important opinions is a mandated task for us. Such engagement honors the whole spirit of enlightenment. We shall be back super soon with more such editions covering every breakthrough in the business world. Till then, stay cheerful and keep practicing!
Prakriti Gupta EditorTHE ZEAL TO BECOME DISRUPTIVE IS ALL IT TAKES TO BECOME A GAME CHANGER
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MOIN PASHA
THE STEEL INDUSTRY TO A
STRATUM
CMSR STEEL PVT. LTD.
ELEVATING THE STEEL INDUSTRY TO A SPLENDID STRATUM
Our
country cannot rationalize a riveting economy without the iron & steel industry. As we are moving towards sustainable development, the steel industry forms a major backbone and is called the ‘Mother Industry’ for all the right reasons. No other industry will survive without this. So we need such steel products manufacturing brands that emphasize introducing new and innovative technologies at a combative price. Today we have one such glorious company to talk about- CMSR Steel Pvt. Ltd. With utmost pleasure, our entire Prime Insights feels providential enough to award CMSR Steel Pvt. Ltd as “Iconic Brand of the Year 2022” on our platform. We had a wonderful chance to share a conversation with an enthusiastic young age entrepreneur Mr. Moin Pasha: Co-Founder and Managing Director of CMSR Steel Pvt. Ltd. who spilled the beans about his brand and entrepreneurial journey. We are about to unveil some of the secrets of what it takes to become an inspiring business leader and relish success in the competitive bubble.
Swing of Inspiration Behind Company’s Inception
Mr. Moin Pasha narrates that the idea to start his own company CMSR Steel Pvt. Ltd came as an outcome of being inspired by the work ethic of his father. He recalls that his father Mr. Chand Pasha has been doing the steel business since 1992 in Bangalore. He joined his father in the year 2015 and learned immensely under the guidance of Mr. Chand. After two years of learning, Mr. Moin knew that the time had come for him to experiment with his knowledge and so he laid the foundation of CMSR. The conglomerate comprising AR Steel Suppliers, CMSR Steel Pvt. Ltd, and CMSR-AR Engineering Technologies LLP adheres to the notion of “Anything and Everything in Steel”.
Witnessing Hurdles Optimistically
As mentioned above, Mr. Moin was working with his father since 2015 in the parent company AR Steel Suppliers. The company was already doing wonders and customers were captivated by the quality of its services. To lay the foundation of another company in a similar domain came along with many unprecedented challenges. Mr. Moin was having difficulty grabbing the attention of the customer base towards CMSR. To handle this, he came up with the strategy of developing a dedicated eCommerce website. He had the entire map of leveraging his eCommerce website to focus on a large number of customers via techniques like Google SEO amongst others.
Solutions Offered by CMSR Steel
A company needs to have certain USPs in its services to furnish an unmatchable standard in the market. Likewise, CMSR has the aforesaid spark in them and offers a diverse range of steel products. To name a few we have
• Hr Plates and Coils
• Ms Channel, Ms Beam, Ms Angle, Ms Flats, and Ms H Beam
• Color Coated Sheets for the manufacturing of sheds
• TMT Bars for construction purposes
Adding more to its service portfolio, the company also delivers all varieties of construction steel and steel manufacturing machinery. They also pay attention to the customer’s needs for steel in required sizes and cut them accordingly. To save customer’s valuable time and capital, the company offers facilities of
• CNC Machine
• Gas Cutting
• Pug Cutting
Establishing Inestimable Trust in the Market
To make a mark in any industry and garner customers’ faith, leaders need to ensure the best quality possible in the services. Especially in the era of mistrust customers are profoundly aware of what and how they want things to be done. CMSR acknowledges that trust bestowed by the client is a game changer and the main jury for their business. CMSR guarantees to cater to customer demands with authenticity keeping cost affordability and time management intact. The company also gives the best payment flexibility for their clients to enjoy a mutual sense of transparency. His parent company AR Steel Suppliers has been in the steel industry since 1991 and has almost 75%, repeat customers. These numbers showcase their trustworthy and unique services.
Reflection of Client’s Trust
Nowadays, brand trust has a broader perspective to look at and is more imperative than ever before. The reason behind this is that customers today are bombarded with multiple options to choose from. A contented customer is an asset and is likely to spend more. So the golden key to securing the grounds of trust is building robust relationships with the customers. For example, gracefully honoring the customers for choosing your services or providing an amiable and productive environment is bound to leave an everlasting impression on them. CMSR also testifies by these algorithms and constantly fabricates opportunities for interacting with their clientele on a one-to-one level.
The company also talks about them sharing lucrative connections with its customers and having a lot of communication both online and offline. Every year, the team organizes a customer meeting where they discuss and address their client’s perspectives. To come up with promising solutions to their concerns is CMSR’s center of attention. Moreover, the team of CMSR also calls their clients every day to ask for their feedback or any additional requirements. Whenever a customer sees CMSR, an immediate resonance with cost-effectiveness, flexible dealing, and on-time delivery strikes their hearts!
Implementing Practical Marketing Strategies
CMSR has incorporated distinct marketing initiatives to pitch its quality services in the steel industry. They have printed advertisements in reputed newspapers, magazines, and social media platforms like Instagram, Facebook, and YouTube to reach out to the masses.
Pillars of Guidance of the Company
• Mr. Chand Pasha is the Chairman of CMSR Steel Pvt. Ltd/ AR Steel Suppliers/ CMSR-AR Engineering Technologies LLP. He holds more than 40 years of majestic experience in the steel business.
• Mr. Moin Pasha is the Co-Founder and Managing Director of CMSR Steel. Pvt Ltd/ AR Steel Suppliers/ CMSR-AR Engineering Technologies LLP.
• Mr. Shahid Pasha is the Director and Head of Operations at CMSR Steel Pvt. Ltd/ AR Steel Suppliers/ CMSR-AR Engineering Technologies LLP.
Banking on a Prosperous Future
For CMSR, many new chapters of success are yet to be welcomed. The team is leaving no stone unturned to get closer to the targets set for the future. The company is planning to open a massive factory on the outskirts of Bangalore. They are working on introducing CNC and Laser cutting machines in their factory and collaborating with colossal steel manufacturing companies. With this, the company will be capable of keeping many more steel products in the factory and working better to serve its customers.
Another eminent goal is to spread its wings all over Asia and this time, TATA Steel Agency is working with CMSR to make their dreams of curating excellence come true! The current turnover of Mr. Moin’s business ventures is close to 1000 crores. He is looking forward to taking these numbers somewhere around 1500 crores in the coming years. Such expansion within Karnataka will also benefit the local people as more employment opportunities will be created.
Awards and Achievements
Mr. Moin Pasha has been honored with the “Indian Achievers’ Awards 2021” in recognition of his exemplary professional achievement as Director of AR Steel Suppliers and his contribution towards empowering the country.
Mr. Moin on his Journey as an Entrepreneur
Before taking the giant leap of entrepreneurship, every aspiring entrepreneur has a myriad of questions doubting the trajectory of the future.
“Is my idea good enough? How will I find a Co-Founder? How will I build the right team? What should I look for while hiring people?” These are some of those uncertain questions that come to our mind, says Mr. Moin. He says that as he had experience working in his father’s company, his journey became a little easy. But the mindset of learning new things never stopped. He then began meeting other experienced entrepreneurs and it turned out to be quite interesting.
Words of Inspiration from the Leader
Mr. Moin shares that- “First things first, nobody is born as an entrepreneur. A driven mindset and resplendent determination are what make one. We all learn by making mistakes. To be bodacious enough to handle all the criticism constructively and positively accept feedback is a total game changer here. This will become the key to fruitfulness for your business to stay ahead of the competition.
SKAMAKHI
Inspired By Legends And Inspiring Others
Companies can rise and fall with time. There are, however, organizations that have stood the test of time. Their secret is a strong leader, who inspires their teams, gets others on board with the company’s mission, and drives creative problem-solving. Everyone from shareholders to shoppers to workers values a strong leader at the head. The life story of Chetna Jhamb, India’s most influential business leader, is presented here.
Overview
Ms. Chetna Jhamb is a businesswoman who has launched companies in the United States and India. She was involved in many different industries and businesses. First, there is the media industry in the United States and India. She expanded into other ventures later on, including the healthcare industry, which she has been active in across the US and internationally. Her team and she are developing a new digital firm offering various services. They will soon roll out a public version of their social media app.
She began working at an early age, juggling several jobs before launching her company in the United States in 2016. Ms. Chetna first stepped foot in India a year ago. She is an Indian film producer, and her regional film “Begunah” is about to hit theatres. Making a positive contribution to society is central to her concept of success. She has the potential to improve any situation within her sphere of influence, bringing about greater prosperity and providing future generations with more promising employment prospects.
JHAMB | CEO
Maintaining a Healthy Balancing Act
Even though Ms. Jhamb’s professional life is highly demanding due to multiple diversity and then traveling so often all over the world, she still makes an effort to manage her private space by doing a couple of things. She enjoys meditating as a hobby. As a result, She has a pretty comfortable life, and she schedules at least three hours a day for herself to do her chores and whatever makes her happy. That’s why she leans more toward metaphysical realizations; it’s just who she is.
MS.
Ms. Chetna’s Struggle
According to Ms. Chetna, “Challenges and the realization that growth occurs first in your thoughts and the courage which lies within you are universal to anybody who embarks on an endeavor of their own.” It takes time for those activities and significant works to be seen by the world. It’s about time she got recognition for her part in the fight in these spheres. The fact that she was given a chance has left her feeling fortunate. No matter what it is, she is doing it for the sake of development. She gives credit where credit is due—to her parents and God—and acknowledges that adversity is inevitable and that even death can teach you more about life than joy. She is conscious that her knowledge and expertise are a source of power and insight in making decisions.
Maintaining a Frenzy with Market Changes
Ms. Jhamb considers time signifies the growth of various types. When something like this happens at a corporation or on a global scale, people need to develop a parallel framework, especially in light of the dramatic shifts she has witnessed over the previous five years. Nonetheless, since COVID, things have heated up considerably due to the radical reconfiguration of several buildings. All of that is honored by her. According to her, for trends to persist, it is necessary to combine an awareness of consumer demand with an appreciation of the products being introduced by businesses. Since she works in the ever-evolving media and technology fields, where even the smallest of changes can present significant obstacles, she constantly strives to ensure that her products remain consistent so that her audience can continue to enjoy them as intended. Even yet, it’s a stimulating environment to live in, and the expansion of both the environment and the trends facilitates rapid expansion in both areas.
Development and Research
Although you put too much stock in your instincts, Ms. Chetna Jhamb agrees that R&D is essential. Most of the actions she has taken for her business so far have been based on intuition and the belief that one’s gut instincts can be correct. Still, she always has enough data to back up her gut when taking on new responsibilities.
Struggles between CEOs
The CEO of a company needs to consider the company’s strengths and the story the product is trying to tell before worrying too much about the competition. If the structure remains the same every time, then competition is inevitable.
Employee Satisfaction
According to Ms. Chetna, “It’s crucial to ensure that your company’s policies are applied
Skamakhi’s Message
Attempting something like this modern-day, world-altering equation is highly challenging. It’s a nice place to be, but it’s not producing any guiding principles or disciplinary norms. These days, no one is true to themselves, and as a result, society’s foundation is ill-defined. The ideas’ self-control and rigor ensure they won’t be abandoned. Money isn’t everything, but it’s a factor. Accordingly, Ms. Jhamb seeks out temples dedicated to spiritual figures like Swami Vivekananda and Chanakya Niti, where she believes her gods to be housed. She would always look for ways to incorporate that into her life and the world. She adds that Humans must try to communicate well in society. From there, listeners can determine whether or not the speaker is being true to their character or simply saying those things to please them. In the end, it’s up to you to make sure that you’re a part of whatever you say, which is why Ms. Jhamb rarely tried to transmit anything and instead focused on being true to herself by sticking to the same principles and values she’s held fast to all her life.
consistently and fairly to all employees. “Contentment” is a broad term that can mean different things to different people, so employers’ ideas of what makes their workers happy may differ from those of their workers.”CEOs Participation
In the entrepreneurial world and here, in the end, it is all the changing environment, so the more the brain grasps, the easier it is. Still, there is no equation of stability that any CEO is trying to find out nowadays how to create that stability because every time there’s a twitch and turn. Also, that gives a lot of challenges. All things said above have come from Ms. Chetna.
Staying True to Your Goals
Ms. Chetna Jhamb is aware of the stereotype but knows from experience that it is crucial to subvert expectations wherever possible. She says, “There will be difficulties, but the most important thing is to make sure your finances are under control, and you know what will happen if they aren’t.”
People often give up or declare doom if their finances aren’t where they need them. Hence, it’s important to devote at least three years to developing a thorough business plan.
Plans for the Long Term
Ms. Jhamb believes that in today’s world, everyone and everything has a place. She agrees that careful and strategic planning makes the growth factor possible. In light of this, she feels confident in her ability to generate substantial employment opportunities soon. She has the opportunity to contribute much to developing the countries where her businesses operate, including her home country of India.
Corporate Social Responsibility
The company hasn’t publicly discussed its philanthropic efforts so far. Still, it plans to get involved in some largescale causes soon. These causes will form the basis of the company’s corporate social responsibility (CSR) efforts, along with the promotion of any kind that both benefits the business and satisfies the needs of others.
Instructions to Readers
According to what Miss Jhamb has learned about the Prime Insights audience, if you’re reading all these articles, it’s because you have the ambition to become—or are—something in life. Be confident that you are prepared for whatever lies ahead and have the guts to stay in that atmosphere until your fear breaks. You must put in the time and make sure your inner power is in you; you must disconnect from negativity and noise to develop. Nothing exists outside of your mind. Readers in both the aspirant and accomplished categories who find value in Prime Insights should keep that in mind.
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10 Development Goals for Better Leadership
Leadership is more than a title, bigger paycheck, or bigger workload. You should always work to improve this set of abilities. There is always space for improvement in every individual’s leadership abilities. However, you may be unsure how to start goal-setting and leadership development. Depending on your current position and degree of experience, you should prioritise one or more of the following 10 fundamental objectives for leadership growth. Create a strategy to assist you in reaching your goals and monitor your progress after you know what you want to accomplish. If you follow these steps, you’ll have a better chance of developing into the kind of leader your company needs.
Significance of Excellent Leadership
There is a direct correlation between a company’s success and the quality of its leadership. As a result, morale and output among workers will plummet in the absence of such an initiative. Leadership is a skill that can be learned, and even the most inexperienced leaders may become more successful with time. There is always space for improvement in your leadership abilities, regardless of whether you were born with them or honed them through time.
1. Learning to listen attentively
The ability to actively listen is a hallmark of effective leaders. A good leader encourages open lines of communication and pays close attention to what their employees say. Participate in every discussion and hear your team’s favourable and negative perspectives.
2. Give comments to make improvements.
Businesses that value their employees’ development and open dialogue typically use feedback. Leaders may motivate their teams to perform at their best by offering criticism for betterment rather than finding fault. Correct feedback goes beyond just assessing someone’s actions. Growth and development may be encouraged. Make sure your team understands the point of your criticism.
Gaining a deeper understanding of who you are as a leader is the first step to becoming a more effective leader. To progress toward your ultimate objective of being a more effective leader, you must first be able to recognise your current shortcomings and formulate plans to improve them. You should aim to strengthen your leadership skills and address your areas of weakness.
3. Prepare yourself for development and change
Be flexible and willing to learn rather than stubborn and unwilling to change. If you’re willing to adapt to new situations, you’ll have a higher chance of running a profitable business. It’s particularly vital during economic downturns, when you
may have to reorient your company’s resources or methods to fit the new reality. If you want to succeed in business, you need to have a flexible mindset and be willing to try new things.
4. Develop your emotional IQ.
Many effective leaders possess a high level of emotional IQ. Self-awareness, self-regulation, social awareness, social regulation, and motivation are the five pillars of emotional intelligence. The ability to make choices, establish priorities, and deal with pressure are all essential leadership skills. While some leaders may be born with a high EQ, it is a skill that may be developed further.
5. Improve your effectiveness.
Time management is essential for business executives because of their many competing demands. Find solutions to improve productivity, then strive to implement them. If you can increase your productivity, you may use that extra time to work on developing your abilities in other areas.
6. Create powerful groups by bringing together different skill sets.
The most successful groups welcome all kinds of people and value diversity. To build a winning team, a competent leader must objectively determine who will perform best in each role.
7. Set a good example.
The company’s leadership sets the tone for the whole organisation and serves as its guiding light. Suppose you want to work in a company where people feel comfortable speaking out and contributing. In that case, you must demonstrate these qualities yourself. As a result, your staff will likely mimic your behaviour if you exhibit bad leadership.
8. Give back to the community by mentoring others
A good leader is someone who can impart knowledge and experience to others. To achieve success, you must put the needs of your team first and foremost in your efforts as a mentor. Make a strategy for everyone on the team to improve in their roles and as people.
9. Communicate your gratitude, acknowledgement, and empathy
Effective managers know that their team is the company’s most valuable resource. Show your employees how much you value them by showing your thanks and thankfulness, particularly when they do something new. Having a happy staff may increase output and decrease turnover.
10. Maintain integrity, honesty, and responsibility.
Leaders in any organisation should always be forthright with their employees and accept responsibility for their actions. Humbleness is essential for a leader to be honest, truthful, and responsible. To be a humble leader, you need to be receptive to feedback from your followers and recognise when you’ve made a mistake. These traits help management and staff build trust, which is crucial in times of change and uncertainty.
Conclusion
Leadership objectives should be tailored to the individual since no two leaders have the same skills and abilities. Follow this straightforward procedure to set and monitor your leadership development objectives.
The values and standards your corporation holds for its employees are established by its leadership. Leaders set the tone for the whole firm, so anything you do will be imitated by your employees.
PG Communication
PR, Content Creation, Consulting and More Becomes Easy and Effective
Becauseof technological developments, digital media can significantly impact how companies and brands interact with their target audiences. Traditional fields of communication have also been affected. As a result, entirely new categories of work have emerged, and the nature of human interaction has shifted. Opportunities abound as the media landscape increasingly relies on digital innovations for entertainment, news, and commerce. PG Communication, founded by a woman entrepreneur, offers advisory/consulting services, reputation counsel, designing creative content, building media relations, etc., for businesses. Today, we are learning how Pallavi started the company and helping other businesses to expand or get noticed.
Overview Of The Company
Recently, the company celebrated its 10th Anniversary, which reflected the business journey. The customers have always put their trust in the company from the beginning, which adds to the brand’s reputation. Mrs. Pallavi feels fortunate to have a highly dedicated team that has been an essential part of the company’s journey for one decade. The company’s staff always works tirelessly to deliver only the best solution to its customers. Many clients have tried other agencies but have always come to PG Communication with some challenges for their needed solutions or services to the company. Since most customers want the best return on their investment, the company came up with innovations and planned to optimize the customers’ investments and get the best results. The company’s service range covers internal/external corporate communication, public relations building with different media formats and other stakeholders.
The company has success stories because of referrals and client testimonials. As a result, it is still adding clients’ names to its list. The company started a subsidiary business named PG Digital in 2022 to provide Digital Marketing, Brand Building, and SCO/SEO services.
The Beginning
Pallavi enjoyed a fruitful career as a journalist for several of India’s most prominent publications and websites. She researched extensively and investigated business opportunities after working full-time for ten years. She identified a need in the PR and Communications for Corporations sector. Several major Indian agencies ignored the country’s thriving small and medium-sized businesses. In the beginning, Pallavi established a small agency that catered to mid-sized businesses across various industries. Ten years ago, the market was untapped, and the company benefited greatly from bringing on board many new customers.
The second of Pallavi’s goals was to establish herself as an entrepreneur who succeeds in this field. In those days, there weren’t many agencies that could survive in the middle ground. Pallavi’s desire to have some leeway in her schedule so she could be there when her daughter was young was a major factor.
The CEO’s Struggle
In Pallavi’s opinion, there is no easy road to success as an entrepreneur. To succeed, one must fight on all fronts. The first is the worry of not being able to afford food after leaving a secure, full-time job. The next step is to assemble a competent team of specialists. To make decisions and provide services for her clients, Pallavi needed to draw on her vast experience. At first, she was in charge of the entire process, from pin to print.
“My media Industry friends, IIMC alumnus, colleagues, and support from my family helped me a lot,” Pallavi said of her early struggles. The help of Pallavi’s long-lost friends, for which they charge a small fee, has begun in earnest. She is grateful for the early support she received from them; even after a decade, they remain the true backbone of PG Communication.
Mrs. Pallavi | CEOCustomers of PG Communication
Numerous sectors and markets are among the company’s extensive list of satisfied customers. It has signed on a handful of publicly traded companies, along with other large and mediumsized businesses, startups, academic institutions, and even a few celebrities. The company plans to provide counsel for and execute all PR and internal communication initiatives. They pay close attention to each client and their business requirements. Every one of the company’s customers is essential to its success. Ten years ago, the company began handling the financial affairs of one of its clients. PG Communication, which was initially of medium size, is now a major international business. After their public offering, investors valued the company at around INR 3,000 Crores. The company oversees all of its public relations operations worldwide.
Keeping Up With The Evolving Market
Worldwide, the business climate is becoming increasingly volatile. The business needs to think quickly on its feet and devise innovative plans to continue to satisfy its customers. PG Communication offers the full gamut of services related to creating compelling communications, including but not limited to: messaging, brand development and positioning, and media planning. Nonetheless, it should achieve its goals while minimizing expenditures.
Growth of the Business
Relations with the public and other forms of communication rely heavily on human ingenuity. Yet, research is crucial in the space industry. The Pallavi team employs various databases, directories, and databases to investigate industries, segments, client niches, and the competition.
The market is full of obstacles, so the company needs to invest heavily in R&D to keep up with the competition. The company’s team is creative and pays close, instantaneous attention to detail. The company also devises, evaluates, and provides its clients with various innovative options.
CEOs Perspective
A time is coming when the era of the glass-enclosed corner office CEO is over. Pallavi regularly communicates with the CEOs of her client businesses and other companies. The modern CEO is a do-it-yourself kind of guy. They face stiff competition both in the market and internally amongst the staff. There is intense competition between the quarters. A quote from Pallavi: “If they don’t deliver results, you’re gone, and the next Company will drill you again to measure your performance.” Today’s most successful CEOs share two additional characteristics. They are an invaluable member of any team and always take the initiative.
Contentment in the Workplace
PG Communication is home to Pallavi’s incredibly hardworking and honest team, which she considers a great fortune. She is pleased to tell you that the original members of her team have played crucial roles in the company’s groundbreaking journey over the past decade. Collaboration and dedication to the satisfaction of PG Communication’s customers have been constant motivators. It’s a fantastic illustration of the benefits of working together both ‘off and on the clock.
Proposed Actions for the Near Future
The company has planned ahead of time after giving close attention to the shifting environment. Its success in the Indian market has
led to plans to expand into a few other international markets soon. The company is also broadening its offerings to meet the needs of its current clientele better and attract new business. It has already released its high-tech offshoot, PG Digital. Customers and businesses continue to benefit greatly from the market insights platforms provide. To put it simply, it aids in the development of superior strategies for communications, PR, and complete digital advertising.
The Achievements and Milestones
PG Communication’s first decade has been quite eventful. The overwhelming majority of the company’s current customers were referred to them and have been loyal ever since. It’s encouraging to get feedback from business leaders and other important parties. “We appreciate your openness. Some customers quickly add, “You guys don’t over-commit and have delivered more results every time.” It’s simple to grasp, and we’ve had nothing but positive feedback from our clients.” When people are kind and encouraging, it brightens my day.
Assisting Others For The Greater Good
Some clients the firm handles CSR activities for include a major listed Company. Members of the team are reluctant to elaborate. However, it collaborates with non-governmental organizations (NGOs) focused on issues such as gender equality, girls’ education, and climate change adaptation.
Message For Other CEOs
The field of management is evolving rapidly. There has been a reevaluation of the ‘mantras’ of management taught in textbooks at some of the most prestigious business schools. All managers need to be more nimble and open to change as they go. And, as Pallavi puts it, “Please don’t get stuck with customary methods that may have worked a decade or two ago.”
Message for Prime Insights readers
According to Pallavi, we need to get creative to develop ideas and strategies that can meet the “apparent” or “latent” needs of the target customer market. She stresses the importance of keeping things “simple” for the Customers. Without solutions and prompt implementation, they are useless.
How to Get a Bank Loan for Your Small Business
Unless your company is self-funded or supported by investors, you will need a loan to grow or start it. Company loans from banks can assist pay most expenditures, but many business owners are denied. When applying for a bank loan for your company, keep the follow ing facts and advice in mind.
Choosing a business bank loan
Traditional bank business loans are sought after by small enterprises because of the inbuilt safety nets. Unlike unconventional and online lenders, banks and their products/services are backed by the federal government. Bank loans have cheaper rates than internet loans.
Small company owners have various funding alternatives. Each loan has terms, limitations, and other variables that can make one better for your financial circumstances and repayment capacity than others. After determining that your company needs a short-term loan, you must decide what kind to get. Not doing so may cost a small company time, money, and frustration.
Small business loans
When considering company loans, consider the following:
1. Term loan
It works similarly to a personal loan in specific ways. Businesses seek this credit for significant expenditures, renovations, acquisitions, and other purposes. It has a set interest rate and a quarterly or monthly payment schedule, depending on the arrangement. Intermedi ate-term loans last three years or less, while long-term loans last 10 years or more.
2. Line of credit
Business credit lines are similar to credit cards. Your company can borrow money from the bank if authorized. You only pay interest on the debt you’ve utilized. This option allows additional spending freedom if you keep it under your credit limit. In addition, it is suitable for small firms with consistent revenue, good credit, and, in certain situations, collateral.
3. Commercial Finance
Commercial mortgages are for businesses trying to grow. Like house mortgages, business mortgages are backed by liens on commercial property. Imagine you have no or bad credit. A bank might demand the company principals or owner to personally guarantee the loan, committing to pay if the firm fails. Commercial mortgages are often shorter than household loans.
4. Lease equipment
Equipment leases stretch the expense of a significant purchase over time, like vehicle leasing. Most lessors don’t need a hefty down payment on a lease. You can pay the balance or return the equipment of its worth depending on the lease’s length and the item’s appreciation. Though monthly payments would be cheaper than buying equipment outright, interest will accumulate to the cost.
5. Credit-letter
A letter of credit guarantees a vendor will be paid on time. The guarantee covers the seller or buyer. In the former, the bank promises to compensate the seller if the buyer fails to make payments. This letter’s funds are occasionally escrowed from the buyer. Buyer protection is a seller penalty, like a refund. Banks provide these letters to firms with good credit or collateral.
6. Loan without collateral
Unsecured business loans don’t demand collateral. Since the lender is friendlier to the borrower than the bank, it charges a much higher interest rate. An internet lender or alternative lender most often issues this loan. At the same time, conventional banks have offered unsecured loans to current clients. Unsecured business loans are hard to get without collateral. To reduce the lender’s risk, unsecured loans are usually short-term.
How do banks evaluate company loan applications?
Keep a bank’s standards in mind while applying for a business loan. Each bank offers loan application forms. Some colleges only accept paper applications. The bank may have a preferred application procedure depending on the loan size and kind. Consider how a bank wants to receive a loan application and its approval requirements. Before applying, verify the following:
1. Rating
High credit suggests you’re responsible for the debt. A decent credit score affects your application, interest rate, and loan term dura tion.
2. Loan purposes
Som loans have use restrictions. A lease is for equipment, whereas a mortgage is for real estate.
3. Documentation
Some lenders may make an exception if you put up valuable things (typically property) as collateral. The bank may sell your collateral to recuperate its losses if you don’t satisfy repayment terms.
4. Income
Banks desire stable revenues. Traditional lenders may not approve your loan without a steady cash flow. Many lenders need a mini mum income before considering this.
5. Financials
Before issuing a loan, the bank may request a cash flow history. You’ll also need well-researched financial estimates.
6. Plan
Any form of lender may request a business plan. There are several resources to assist you in writing a business strategy.
7. Capital
Working capital is the company’s cash on hand for operational expenses. Without operating money, you’re a high-risk investment.
Get a business loan
Once you’ve chosen the right loan and examined what the bank requires, you may apply. Startups seeking loans must have a business strategy. If you don’t have a plan, you may utilize free resources like local SBDCs, SCORE, and EDCs. If you require a one-time pur chase loan or another financing, have estimates ready to present to the loan officer.
PROBOX INFOTECH:
Delivering An Advanced Work Culture To Employees For Best Customer Service And Industry Solutions
PROBOX OVERVIEW:
PROBOX’s growth is a testimony to our successful management style and it is an important milestone in our journey. Under the leadership of our Founder & Executive Director Dr.Rajesh Kutty, PROBOX has grown leaps and bounds. RK as his peer knows him is a Technology Industry professional with almost 3 decades of experience in Europe, Middle East, Africa, South East Asia and India.
His leadership experience includes Corporate Governance, Customer Relationship Management and Organization Strategy. Prior to his current role he has also served with various other IT companies in various technology innovation and business roles.
To sum up a visionary who always believes in handling the most complex situation with a sense of humour ever enthusiastic and passionate about everything he does.
Financial performance: PROBOX witnessed financial growth in almost all verticals last year. With PROBOX experiencing double-digit growth “across markets, industries and services”, it has raised its revenue growth projections for the year.
By helping companies to ascend the acme of excellence through exceptional IT and Outsourcing services, PROBOX. carved a niche in the business world. Headquartered in Mumbai, PROBOX is one of India’s 10 Most Trusted Brands and the Fastest Growing Fast Forward Technology, Consulting and Outsourcing Company.
PROBOX is a Proactive, Progressive and Forward-looking Organisation with a clear vision and sound philosophy to equip itself to meet all the challenges, follow the contemporary approaches and bring excellence in customer services. Covering PAN India, it occupies almost 58 locations of support.
We deliver this Technology expertise through a full life cycle model of professional, managed, and support services, including strategy, consulting, implementation and design. By taking the time to deeply understand how their clients define success, they help them harness technology advances, simplify IT complexity and optimize their environment while enabling future applications, user experiences and revenue models.
The company was founded with a clear focus on providing Enterprise Support Services to its clients. Year by year, the organization grew stronger and each passing year, is a testimony to its success. The trust and branding develop over a period of time, is a testimony to our successful management style, and it is an important milestone in our journey.
Durability, reliability and trust are the values that make an organization successful. As the age of an organization increases, the
Neelam Kutty Co-founder & Chief Strategic Officer (CSO)responsibility of the Organization also increases, as people expect nothing but excellence in service delivery.
“The company has created a Best Place for Work for all PROBOXian (as we call our Employees) by excelling on the 5 dimensions of a TRUST, RESPECT, FAIRNESS, PRIDE & CAMARADERIE” – said Neelam Kutty Co-founder & Chief Strategic Officer (CSO) PROBOX has created an appreciative and celebratory workspace, where every PROBOXian feel valued for their performance, efforts and contribution. Overall, the company reflects a people pro culture.
PRO-CULTURE - To create a platform where every PROBOXian would get to know their leaders from a personal and professional standpoint. To empower PROBOXian to own their careers & encourage them to continuously learn, develop, & grow their capabilities through varied experiences. Various sessions were conducted during lockdown. These sessions shared a sneak peek into a leaders’ childhood, personal life & journey in their professional careers. These sessions outlined the fact that success is not just about what you accomplish in your life alone, but also how you inspire others to do so.
“There are so many things which help an employee at PROBOX learn, grow and make a career with the required support. But what makes us say we are proud to be PROBOXian is the way the world looks at us. Our leadership team is transparent and fair and strong. We don’t just talk about what is happening within our org, but the community we’re in. Be there a pandemic, a natural calamity, or a socio-political issue- we talk about the right thing, in the right way to benefit all equally”. Sheetal Mahadik – Finance
PROBOX works on the following principles:
Exceeding Customer Expectations
In businesses, it is not just enough to meet the customer’s expectations. The fact that these expectations are constantly changing, companies must then be always a step ahead. It is also noteworthy to know that oftentimes, the expectations of customers are set by the competitors. Hence, they stay ahead of the competition by being updated with new initiatives and suggestions based on customers’ feedback and current industry trends.
Consistency in its deliverables
Consistency is probably the most difficult challenge to achieve. Great customer service must be delivered to all customers, across all business channels, 24/7. Each and every experience of each and every customer must be equally good. In research conducted they found that customers do not care much about singular touchpoints. What affects customer satisfaction are cumulative experiences across multiple touchpoints across multiple channels over time. Consistency can be achieved by having clear-cut policies on delivering great customer service. All employees must be made aware of these policies and strict implementation of these policies must be adhered to.
Employing Skilled Customer Services Professionals
As more businesses focus on customer service, the demand for skilled customer service professionals is on the rise. Hiring such employees is one thing, but retaining them is another. PROBOX has a structured program to teach and train newly hired employees about the company’s policies, values, culture and practices in
dealing with customers. Additionally, considering that customer service is one of the most stressful jobs, PROBOX also provides benefits that offer work-life balance and support lifestyle activities that can reduce stress and boost productivity.
Creating a Customer-First Culture
The long-term solution to achieving consistency across all business channels is to install a customer-first company culture. A customer-driven culture can be described as having a distinct appreciation for customer service, understanding the impact of their service and are willing to go out of their way to meet customer needs. In order to cultivate this culture, PROBOX emphasizes on the hiring and training process. The employees must able to see the company’s vision, fit into the culture and work with the PROBOX to achieving the PROBOX’s goals. Employee retention is also a key factor to success. Staff turnover not only affects the internal aspects of the business, but it is also not good for the customers. Dealing with the same person develops trust and is a good way to build long-lasting relationships.
It is difficult to thrive, much less stay ahead of the competition, in today’s market. But having exceptional customer service makes this possible. The good starting point is to focus first on the employees. Satisfied employees mean satisfied customers. “Ever since I started in this company over 2 years back, I have been given an opportunity to work on projects which appeal most to me. There is enough respect irrespective of grade. Given the size of the company, people have a chance to move around different job roles, so you never feel stuck. Even before the pandemic, tools and process have been in place to allow flexible working options which help significantly”. Anandi Panigrahi – Practise Lead
PROBOX Way Forward
Keeping in mind Vision 2025, the company’s Business Growth Objectives are extremely well-defined. Additionally, maintaining a Simple, Realistic, Feasible, and Attainable Business Strategy with a Strong Commitment Goal said Neelam Kutty and added by stating the Founder Rajesh Kutty’s advice to all the new business leaders that one must adhere to the 3D principles of Determination, Discipline, and Dedication. She continues: “Believe in your Idea. Set tiny goals. Grow naturally. Create value for all parties involved and focus on your patience. It is one factor that will keep you pushing forward through difficult circumstances. Stick to the fundamentals. Keep things simple.”
TEAM- PROBOXEntrepreneurial Traits That Lead to Success
1. Strong Work Habits
Whatdoes it take to be a good business owner? Is it being born with a strong drive? Is it being a person who likes to be around people? Is it enough to be charismatic to get people to buy something? Even though some successful entrepreneurs have these traits, they do not usually describe all of them. Not everyone is born wanting to make the world a better place. Many successful business owners today are people you might have thought were not smart enough in college or high school. Anyone can become an entrepreneur. But all successful entrepreneurs have a few key personality traits in common.
Successful entrepreneurs know how to work hard. Most of the time, they will be the last ones to leave the office and the first ones at the office. If there is work to be done, they will come to the office on holidays and weekends and keep working until it is done. These are the types of people who always think about work, even when they are having fun.
2. Deep Passion
Passion and hard work go hand in hand. To keep the business firm, you need a good work ethic and passion to stay motivated enough to keep a good work ethic. Did you ever get an A on a school project because you cared
so much about it? This feeling of success is worth a lot, and it is how entrepreneurs feel when their hard work pays off in a big way.
3. Creativity
People often make companies that do well with many crazy ideas. Entrepreneurs have to come up with unique ideas that make their businesses stand out in a world where competition is fierce.
Creativity can mean coming up with new ways to run a business. It can also be used to solve a problem by finding a link between two things that do not seem to go together. Creative entrepreneurs think about the possibility that the old way might not be the best.
4. Motivated self-starters
Self-starters do not settle for a 9-to-5 job that drains them. They do not give up the moment things get complicated. In addition, they do not wait until it is too late to do things.
A self-starter does what needs to be done without being encouraged or asked to do so. They start their projects and take charge of them on their own. They know that when things get hard, it is a challenge that helps them grow as business owners and strengthens the business. In today’s challenging business world, entrepreneurs need to be selfstarters to help their businesses increase.
5. Taking things easy
Plans change? Do you have to start over on a whole project? A successful business owner will eliminate problems and start from scratch, so they do not get stuck in a big rut. Many business owners will tell you that their businesses turned out to be very different from what they had planned. They might also say they would not have wanted their business to go any other way.
Being easygoing means going with the flow, not getting stuck in certain thinking, taking new opportunities as they come, and being open to changes and criticism. Entrepreneurs who are good at what they do can make something terrible work to their advantage.
6. Willing to Learn
No one has all the answers. Due to lack of money, a new business often does not have staff in every department. Putting together a team takes time and money. It means that people who want to start their businesses need to learn everything from marketing to accounting immediately. Entrepreneurs who have had this kind of experience are so well-rounded. They have seen, done, and learned everything before.
A SAAS-Based Loyalty and Analytics Platform Recuperating Retail Businesses
MR. TUSHAR RELE FOUNDER& CEOAstark
feature of a virtuous company is that it believes in empowering its employees. For any business firm out there, investing in their employee’s growth and development will turn the tables of success. One such colossal example is Blue Ocktopus. Our Prime Insights Magazine feels delighted and honored to feature Blue Ocktopus as the “Best Company to Work for in 2023” on our platform. The corporation is India’s pioneering Digital Reward, Loyalty, and Analytics Company which is helping brands retain and engage their customers better. They are leveling up their business game by curating an amiable work environment. Here, at every step, employees enjoy the opportunity of experimenting with their creativity and knowledge. Sure enough, our readers will go all gaga about the company’s work ethos and assimilate extensive encouragement from this article. With that being highlighted, let’s know more about the company’s ethics and work processes which they ardently count on.
Introduction of an Eminent Brand
Customers are the imperative backbone of any business. So monitoring their purchasing and behavioral patterns can help businesses to scrutinize their services for the best. With Artificial Intelligence and ongoing trends in the market, companies have the moment to understand their target customer base via efficacious strategies and processes. Blue Ocktopus is an indomitable player marching on the road to transforming small and mid-size retail businesses with loyalty and algorithms of Advanced Analytics. The company was founded in 2018 by Mr. Tushar Rele – a magnificent entrepreneur who knew the futuristic potential of SAAS. The purpose behind the company’s inception was to analyze the challenges of SME Retail space.
MR. DINESH GABHANE CO FOUNDER AND CTOBack then many people were not aware of the power of technology to understand customer behavioral patterns. But with their dedicated efforts and customer-centric approach, Blue Ocktopus showcased their vision with perfection. Now by leveraging technology, they are simplifying data for brands to help meet their objectives of consecutive purchases and maintaining active transactions.
Pumping Employees with Vast Confidence
The foremost step to ensure that employees believe in their capabilities is to celebrate their hard work. For this, Blue Ocktopus awards 2-3 employees every month for appreciating their remarkable performance. Ad-hoc awards are given to those employees who’ve managed to accomplish tactical successes. Apart from that, the company uses Kudos Cards as well. These cards are labeled as “Totally Awesome”, “Great Job”, and “Work Done”. Following such concepts ensures that every employee respects and compliments the achievements of the other. Receiving such formal and healthy motivation from colleagues creates another level of excitement and appeal. The company also organizes a collaborative outing once a year where the team discusses 10% work and balance 90% is kept for fun and team bonding activities. They also have individual function outings once a quarter for members of that team. Celebrating all the festivals with grandeur and enthusiasm is mandatory for Blue Ocktopus.
Contributions of an Estimable Management Team
Talking about the principled team of Blue Ocktopus, their efforts are driven by the enormous energy of zeal. As mentioned above, Mr. Tushar Rele who is the Founder& CEO of the company, holds a whopping 16+ years of professional experience in working with biggies like Bajaj Finance Ltd, Worldline India Ltd, HDFC Bank Ltd, and Standard Chartered Bank. Over these years, he has primarily worked in the SME Retail domain in the aforesaid organizations.
Mr. Dinesh Gabhane is the Co-founder and CTO of Blue Ocktopus. An exemplary leader with unyielding persistence, holding more than 14 years of experience with companies like Persistent, eZest, and Nitor. His expertise revolves around technology and innovation in industries such as CRM, eLearning, eCommerce, and Cloud.
Company’s Collaborative Management Style
Blue Ocktopus adheres to a democratic management style. The company galvanizes a cooperative, fun-centric, and productive work culture for its employees. The team will always have the characteristics of a start-up and economical approach to innovation, cost, and lean structures. The main focus is laid on learning and development opportunities. The flexible work environment helps in providing needed feedback and regularly organizing one-to-one and group sessions. Furthermore, frequent collaborative discussions and learning drives are conducted for the career advancement of the employees. Such a mindset makes them feel like an integral part of the organization. Adding more to this, it also improves productivity and operational efficiencies. The team keeps themselves updated with the dynamic technological drifts and incorporates the same in the projects.
Finding Quality Traits in Team Members
For Blue Ocktopus the key differentia of attraction while team building, is the inclination towards astute entrepreneurship. The company looks for those candidates having a fire in the belly and an urge to excel in a career rather than a job.
Perceiving Failures with Tenacity
Encountering failures during tests and trials is indispensable and Blue Ocktopus stands by this. Like none of us anticipated a pandemic like COVID, uncertainties surround us all the time. During the pandemic crisis, retail businesses were going down the hill. This directly impacted the company and their business was also on the verge of shutting down. But with a resilient spirit, they upgraded themselves and completed projects beyond retail to survive the pandemic. Now that things are reviving back, the company is always ready with a “Plan B” for everything. The team has learned how to respond to any failure or obstacle by switching to plan B and going with the flow.
Interdisciplinary Corporate Atmosphere
Another impressive aspect of the company’s work culture is the tractable bridge of communication between the different departments. Their synergetic proficiency is dense and rarely one can find a team working in isolation. There is always a continuous flow of thought processes and ideas. An individual exhibiting end-to-end ownership quality and an intrapreneurial attitude has a stronger edge toward success.
Future Roadmap
Blue Ocktopus has always worked with an ideology of growth and expansion. Their future goals are all about establishing newer heights of fineness. The short-term objective is to build more technological capabilities and spread across India. Likewise, the long-term objective is to spread their footprints on an International level.
How to Conduct Market Analysis for Your Business
Analyzing
and evaluating your corporate space is an important aspect for any business venture to take the lead. Today, every business wants to develop USPs that take them ahead of their numerous competitors. For that, conducting a thorough market analysis for your business is the foremost task to deal with. We will be discussing in detail the essentiality of market research. Along with that, our team will also be highlighting the ways to conduct market analysis for your business. Without any further delays, let’s see what we have lined up in this article for our readers.
What is Market Analysis? What is its Importance in the Contemporary Corporate World?
As the name speaks, market analysis is proportional to carrying out a deep-rooted evaluation of the outside market within a targeted domain. It helps to provide a closer view of the potential market, competition, and the generic industry environment. As we know that the business world is getting saturated day by day, it becomes the need of the hour to think out of the box and be strategic as much as possible. What market analysis does is that it acts as a filter between your business and the market. It further identifies the nature of customer purchasing behavior so that any business owner can incorporate the same in their products t and make them more reliable. Not only it reduces the heavy risks but also prepares a robust ground for quality decision-making processes.
How to Conduct an Efficient Market Analysis for Your Business
As we have discussed its importance, we shall now understand some simple yet efficient ways to conduct a market analysis. Here we have presented some key pointers which will help you with the whole process of market analysis. Let’s have a look at them.
• Be clear with your objective
When we conduct a market analysis, there is a clear purpose attached to it. It may be to know about customers’ interest, cost ratio, or the products existing in the market. It can be anything! So it is essential to draw a map of your research objective and proceed in a streamlined way. Once your objective is clear, you can start to think about introducing new market trends associated with the aforesaid and create your niche. You have to be extremely focused on your research section and give preferences to competing with those businesses that are in neck-to-neck competition with your sales.
• Hear to your Customer Base
The next important step is to give an ear to your customer’s interests and demands. For any product or service to become a hero, it is only because of the customer’s interest and satisfaction in it. Knowing how many people are willing or interested in purchasing your product, makes you more conscious about maintaining quality and cost efficiency. In this, you have to give attention to points like-
■ Age group
■ Lifestyle and Hobbies of customers
■ Gender Distribution
■ Demographic Location
■ Income resources and ranges of customers
After you know about the audience segments, you can pitch your sales and marketing efforts in a lucrative manner.
• Have Sound Knowledge of your Competitors
Heard of “Survival of the Fittest”? It makes sense in today’s competitive bubble! Knowing and discovering meaningful information about your competitors is a healthy exercise to understand about creating a mark. Your competitor can either be in a higher or a subdued position than you in the market. But you have to keep them on an equal pedestal. Gather useful insights about their market share, marketing strategies, USPs, innovations, online and offline sales figures, and financial grip. You can also have a look at their social media platforms, online reviews, and Google listings. With an amalgamation of all this, it can surely curate something exceptional.
• Existing Condition of the Industry
The current state of the industry you’re dealing with can change your business game to another level. A business owner won’t be willing to launch products in an industry that has lost its spark. So moving ahead with a detailed periphery of the current state of the industry will help you know about the longevity of your product in terms of existence. Always include parameters like size, trends, opportunities, and projected growth of the industry in the coming years.
Mr. Ronak Daga
Impacting Businesses with the Revolutionary Concept of Comprehensive Human Experience
Beinga corporate leader in today’s world is full of new chapters, challenging circumstances, trailblazing leadership, moments of breakdown, and a lot more! Keeping that as our motivation for the day, the Prime Insights team has brought yet another inspiring story of a young, thriving, and exemplary entrepreneur
Mr. Ronak Daga: Founder, CEO, and Managing Director of Red Baton. He wishes to take his company to meritorious heights of success. His brand Red Baton is emerging as a magnificent market leader in the domain of “Holistic Human Experience”. The team of Red Baton works relentlessly in designing brands and curating user experiences that exhibit continuous growth. There is more to unveil about the creativity and innovation of Red Baton which we are about to do so. Let’s see what all Mr. Ronak Daga has to share about his entrepreneurial journey and success story.
The Motivation Behind Company’s Inception
Mr. Ronak Daga: During my college days, I started working on my college festival posters, videos, and websites that got me interested in the field of design. I started my first company in college, where my friend and I came up with the idea of designing notebooks for other brands and introducing Ads in them to generate more revenue for the manufacturers and improve the quality of the product. We sold over 2 million notebooks and got featured in multiple places. After relocating to Bangalore, I tried a couple of
things only to realize that User Experience is where my heart lies. I wanted to build something great in the field of User Experience, and eventually, that transformed into a holistic Human Experience Company. That’s where we’re at!
Facing Challenges with Robust Audacity
Mr. Ronak Daga: With zero money in hand, starting a company and quitting a full-time, high-paying job was difficult. I kept saving money I made from my night job and freelance work to ensure that I utilize it for Red Baton’s future. Also, I was 23 when I started, and it was difficult to make decisions without any guidance. Getting our first retainer customers who would work with us month-on-month was another challenge. One-time projects were not enough for us, and there were times when I did not have money for food or to pay our house rent.
Founder | CEO | Managing Director
Defining Market Trust and Establishing the Mark
Mr. Ronak Daga: There are a few parameters we consider as a sign of trust. Delivering high-quality work and value every time, delivering on time, and ensuring we understand our customers’ business goals and build value for them. We are unique as we provide a complete Human Experience and consult around product road-mapping, design, research, and engineering execution, keeping in mind that we have the business goals and ROI aligned with the work we deliver.”
As the space gets crowded, clients have doubts about various service companies based on their prior experience. In our domain, consumers start trusting the brand post working with them on projects. When starting, they do look at the kind of projects delivered; brands worked with, awards won, etc.
Serving Customers with Authenticity and Perseverance
Mr. Ronak Daga: We focus on high standards and quality of work, with on-time delivery. We work as product consultants rather than a service company. Our consultative approach to delivery and our work is what wins over customers. There are a few parameters that we use to segregate our potential clients. Product ideas that they are trying to build, we like solving interesting problems.
• Award-winning solutions and a partnership rather than being a vendor.
• If it can add value to our portfolio and the customer.
• If the product or the business will survive in the longer run.
We generally try to take a testimonial from our customers and an NPS score (Net Promoter score) to measure the scale of customer trust. Also, we look at if the customer is giving us a referral or not. If the customer is giving us a new brand to work with, it is a huge demarcation of trust. When customers come to us, they look at the reliability and work quality that connects with people across the globe. Whether they come to us with an idea or want us to overhaul the product, they trust us like consultants rather than an IT company.
Introducing New Paradigms in the UX Industry
Mr. Ronak Daga: We have always tried to work a little more horizontally to complete our offerings, enabling us to offer our vision of a “Holistic Human Experience”. To deliver a comprehensive holistic experience, we have invested a lot more in our research division. We have also increased our brand team, which essentially increases our scale on the brand positioning, identity, and marketing front. Most importantly, we have scaled our engineering team; now we can start from market research to Brand Identity and product design to engineering and from launch to the growth of the product. We’re also trying to bring in a few levers to ensure that this holistic circle is being met and customers derive maximum value from our services. This year, we are going international. We are opening a center in the US and many centers across India. We are also trying to integrate many niche skills like creative developers, NLP, data scientists, and more. We are investing heavily in our research department and building internal IPs, which will enable us to become a market leader.
Dedication Speaking for Success
Mr. Ronak Daga: During the initial phases of our journey we didn’t perform any marketing or sales. Our business leads came from customer referrals and word of mouth. The trust our customers had in our services motivated us to deliver services par excellence. Well, that was the only way of stamping our name in the UX industry. The clientele comes to us with a demand for reliable and gilt-edge services that can connect with people across the globe. Whether they have the idea in their minds or want us to take command, clients trust us like consultants rather than an IT company
Professional and Personal Milestones for Future
Mr. Ronak Daga: From a personal point of view, I aspire to be a better leader. I want to lead teams better, and I want to align people better. I always ensure that people around me grow along with me. I have also started investing in interesting business ideas. From a business perspective, I want Red Baton to become one of the market leaders in the space of Human experience. I think we’re reaching the scale where we start competing with our leaders and inspiration that we used to look up to.
Enlightening the Readers with Motivation
Mr. Ronak Daga: As an entrepreneur, there are three things that I would like to convey to all the young entrepreneurs and readers reading this,
• Start younger, fail faster. So that you still have time to try something else.
• Learn to let go. Acknowledge the fact that something is not working out for you.
• Consistency! Keep trying and be consistent in what you do.
Ayu Swasth Pvt. Ltd.
AyuSwasth Shares the Benefits of Ayurveda via Scientific and Superior Herbal Healthcare Products
AyuSwasth,
a brand founded by a brilliant thought leader and his core team, takes great satisfaction in being a pioneer, a market inventor, and a market-leading provider of Ayurveda Proprietary and Patent Licensed products derived from Natural Sources for varied health requirements. The company was formed to deliver scientific and high-quality herbal health products from standardized plant extracts that were processed utilizing cutting-edge technology. It has created its health products by combining Ayurveda knowledge with Science utilizing cutting-edge technology and the most intelligent brains. The brand has processed standardized herbal extracts using Fused Micronized Bio-Ligated Technology, giving a premiumgrade herbal product with improved and consistent outcomes. Currently, this GMP- and ISO-accredited company offers the flagship products.
The Brand Inspiration
After 20+ years in the Herbal Industry, the Founder felt compelled to provide research-based and high-quality herbal products to meet the diverse health demands of the community. It was the driving force behind the creation of the Healthy Life brand, Ayu Swasth.
The Establishment Difficulties
Since its start, AyuSwasth has met various obstacles and problems, which have been overcome by strategic planning and teamwork. The early obstacles are getting excellent materials, using creative technologies, studying and producing effective products, and reaching the market.
The Brand Faith
In the products, the company integrates Science and Ayurveda. In customers’ opinion, its commitment to producing premiumquality products is the cornerstone of trust. The company prioritizes its quality assurance methods to maintain client confidence and integrate consumer input into its pipeline of R&D goods. The numerous distinguishing characteristics are as follows:
• India’s First Fused Micronized Bio-ligation TechnologyBased Herbal Products
• Formulated with Standardized Herbal Extracts / Actives obtained from Natural Sources
• Products scientifically Studied for their Anti-oxidant, Immunity, Anti-inflammatory Effects etc.
• Gluten, Microorganisms, Heavy Metals, Pesticides, and Aflatoxins Tested
• No color coating was applied to the tablets.
• Produced at a modern GMP Schedule-T production facility
Dr. Arun Gupta DirectorIn the current age of awareness, the company observes a shift in the customer behavior of reputable companies. New-generation customers are not just motivated by price. Instead, they want the highest quality for their products. In addition, anytime they have a question, they use the available information technology resources and acquire the products after extensive study.
Utilizing new technologies, quality assurance via testing in modern labs, and scientific research on the products, the brand aims to establish its imprint in the industry by delivering consistent and premium quality, particularly in customers’ hearts. A company’s client is everyone who has the potential to profit from its healthcare services and product. Customer review is the most important metric for customer confidence in a brand. It takes the comments of its customers quite seriously. The company carefully analyses consumer feedback and takes required remedial action. The formulation of its products is based on the combined efforts of Customers, Doctors, Manufacturers, Scientists, Suppliers, and several other stakeholders to guarantee that they meet the client’s demands.
Formulations of AyuSwasth
Some of the brand’s most important products address Immunity, Women’s Health, Bone & Joint Health, and Vitality, among others. Listed below are some current significant product specifications:
1. AyuOrtho Tablets include natural actives that assist mineralization, inflammation, and pain. It includes Hadjod, Shallaki, Guggul, Nirgundi, etc. Guggul and Hadjod assist bone mineralization, Nirgundi and Shallaki counter pain
2. AyuQueen tablets include natural actives that enhance women’s health via anti-oxidants, immunity, estrogenic, and other effects. Ashoka, manjishtha, Shatavari, Aloe vera, etc., are in AyuQueen. Shatavari and Ashoka support reproductive organs, Hadjod helps bone & joint health, Manjishtha helps blood purification, Aloe vera promotes skin health, and Giloy is a potent antioxidant and immunity booster. Shankh is a natural Calcium, and mandoor is a natural iron.
3. AyuVital tablets include natural actives that maintain Vital Organs and general health via immunity, anti-oxidant, and other effects. It includes Arjuna, Ashwagandha, Brahmi, etc., for organ health. Arjuna, Bhuiamla, Brahmi, Adulsa and Punarnava aid the heart, liver, kidney, Lungs and brain health. Ashwagandha boosts immunity and fights oxidation.
4. AyuImmune tablets include natural actives that prevent allergies and strengthen immunity. Ashwagandha, Amla, Giloy, Tulsi, etc., are in it.
The Marketing Measures
AyuSwasth sells its products online through Amazon, 1MG and the company’s website. The company reaches out to its clients using inorganic and organic digital media. It also meets with prominent physicians in certain regions to sell its products. The brand intends to develop this channel across India further. Customers and physicians are pleased with the outcomes of AyuSwasth products. Online, the brand continues to gain new clients and excellent recognition from physicians. It is offered throughout India via internet marketing. Communication on its science-based and high-quality Ayurveda products is one of the most successful marketing strategies, as is meeting important physicians in the company’s chosen area and reaching customers across India via digital media.
The Accomplishments and Accolades
• Ayu Swasth has GMP and ISO certifications.
• Ayu Swasth is the recipient of the Indian Achievers’ Award 2021 for Promising Startup.
• Ayu Swasth is among the top ten Health supplement startup companies of 2022.
• In 2022, Ayu Swasth also received the CEO Story Award.
The Newest Releases
AyuSwasth has a rich pipeline of novel products at different research and development phases. Other products for categories such as Digestive health, Hair health, Men’s health, Weight management, Metabolic health, Stress, Neurological health, and Hair health, among others, are currently being developed and will be released shortly.
The Future Plan
Ayu Swasth offers a broad product portfolio. The company intends to grow to numerous international and national locations shortly. It also intends to create Phytopharmaceutical products in collaboration with many research institutions and other R&D centers.
Message from the Director
“My path as an entrepreneur has been emotionally and professionally very gratifying. I have learned much from other leaders, my colleagues, and my team.” — Dr. Arun Gupta.
On a personal level, he wants to continue expanding his knowledge, identifying his flaws via the input of his inner circle, and attempting to improve them. From a business perspective, he strives to provide more services and products to needy people and to increase its present geographic coverage inside and outside India.
Advice for New Business Owners
Youth is one of India’s most valuable assets for economic growth. Today, several young educated individuals want to become entrepreneurs. Dr. Arun cautions this youthful and energetic generation of entrepreneurs not to chase money alone. Rather, they should strive to deliver the greatest available solutions in the shape of services or products in response to the market’s recognized requirement gaps and work continually to provide improved quality at reasonable rates. He also believes that companies should avoid shortcuts and wait for long-term success.
10 Indian-origin CEOs leading top companies globally in 2022: India
has proved itself over time to be the progenitor of some of the most brilliant minds across the globe. Starting from tech geeks across Silicon Valley to tycoons who heard some of the most successful conglomerates, India has gone on to lead some of the most successful businesses and companies across the world. Here is a list of some Indian -origin CEOs who are leading the world’s biggest companies:
Satya Nadella- Microsoft
A huge name in Silicon Valley, Satya Nadella, completed his undergraduate from the Manipal University of Technology and then did his higher studies at the University of Wisconsin-Milwaukee and the University of Chicago. He was added to the list of influential Indian-origin CEOs after having become the Executive Chairman and CEO of Microsoft in 2014.
Leena Nair- Chanel
She is another of the latest Indian- origin CEOs to have made her mark felt when she was appointed as the first youngest women CEO of Chanel in December, last year. She was an alumnus of the XLRI- Xavier School of Management and Walchand College of Engineering. She also had been the Chief Human Resource Officer of Unilever.
Parag Agarwal- Twitter
He is the latest addition to the list of CEOs who are personally IIT Bombay graduates and studied at Standford University. He was appointed as the Twitter CEO in November when its founder Jack Dorsey stepped down from his position. Twitter by any means today holds highlights of current updates worldwide. Catch up on the tweets from people or any breaking news on its website.
Sundar Pichai- Google Inc
The name itself shines like a star in a class of its own every time when one talks about high paid or greatly valued global Indian CEO. an IIT Kharagpur graduate, he rose o the position of CEO of Google in 2015 and then was eventually appointed as Alphabet Inc’s CEO which is the parent company of google in December 2019.
Shantanu Narayen- Adobe Inc
Shantanu Narayen, born in Hyderabad studied at Osmania University and later went to Bowling Geen State University and the University of California. He served as Adobe Inc’s President and Chief Operating Officer, after which he was appointed as the CEO in December 2007. The American multinational computer software company has been incorporated in Delaware.
Arvind Krishna- IBM
He is an alumnus of IIT Kharagpur, who further studied at the University of Illinois at the Urbana- Champaign. He was appointed as the CEO of IBM in March 2020, and he was further again appointed as the Chairman in January 2021. As the role model of this giant institute, he is the sole figure behind its global expansion.
Jayshree Ullal- Arista Networks
She is basically a London-born person but was raised in India who shared her alma mater with Santa Clara University and San Francisco State University. She is the CEO and President of Arista Networks a since then she has been serving in that position since October 2008. She is a billionaire woman in this cloud networking company. The company is a pioneer in delivering cloud-based solutions.
Nikesh Arora- Palo Alto Networks
He is an alumnus of the Indian Institute of Technology, BHU and he pursued further education at Boston College and Northeastern University. He was appointed as the CEO and the Chairman of Palo Alto Networks in June 2018. This network chain enables an organization to prevent successful cyberattacks with an automated approach.
Ajay Singh Banga- MasterCard
He is a St. Stephen’s College and Indian Institute of Management alumnus who currently serves as the Executive Chairman of MasterCard and has served as the Chief Executive Officer of the company from July 2010 to date. He is also the Vice- Chairman at General Atlantic and true educated financial analyst by nature.
Indra Nooyi- PepsiCo
A Chennai born and an alumnus of the University of Madras, the Indian Institute of Management and Yale University pass out, Indra became the fifth CEO of PepsiCo in 2006 and continued to serve in this position till august 2018. She has constantly ranked among the world’s 100 most powerful women. She is one of the most admired businesswomen around the world.
HINDAVI TECHNOLOGIES
TRANSFORMING BUSINESSES THROUGH IT ENABLEMENT
Tostay relevant in today’s fastpaced business environment, companies have prioritized digital transformation initiatives like never before, creating innovative tech-enabled products and services to solve new-age global issues.
This desire for cutting-edge services and products to keep up with the ever-evolving market needs bodes well for the IT industry in 2022 and Hindavi Technologies is at the forefront of this tech-revolution as an IT Services and Product Development company offering the best UI/UX design, iOT and Cloud Solutions worldwide.
Overview
Hindavi Technologies is a Product Development and IT Services firm with offices in the UAE, US and India. Under the leadership and vision of the Founder & CEO – Mr. Rohan Karnataki, the company has been a pioneer in the IT solutions industry for the past 14 years having completed over 1000+ IT projects for 300+ clients worldwide. Since the inception in 2009, the company has expanded into the realm of Product Development with the introduction of its flagship product - Xporience in 2015. It is an Event Technology Platform designed for all kinds of conferences and trade shows. Xporience has become among the most in-demand products among international event planners in places like Dubai, Australia, Singapore, Europe, and United Kingdom. In the past, it has collaborated with various notable organizations, such as MCI (Switzerland), DMG events and Dubai Expo 2020.
Hindavi Technologies has now launched an Ed-tech product - CareerFirst which is India’s first 360° Career Design Platform with a vision to make Indian Employable.
The company’s IT Services include:
• Cyber-Security Consulting for Compliance, Vendor Assessment, Infrastructure Security, Cybersec Awareness, and Assessments & Audits
• IT Services such as Mobility, UI/UX, Cloud Computing, IoT and Digital Marketing
• IT Solutions for Product Engineering, Application Development, Quality Assurance, Quality Testing, IT Consulting, Startup MVP and Enterprise Product Development
• Remote Staffing including Offshore Staffing, Staff Augmentation, RPO Services, IT Outsourcing and Contract Staffing
MR. ROSHAN KARNATAKI | CEO |Family’s Business Tradition
Every powerful business figure has a unique tale of hardship, resilience, grit, and commitment. Mr. Rohan Karnataki’s family tradition encourages the new generation to start a new line of business from scratch. This is so that the new generation understands the value of struggle, challenges and overcoming limitations to achieve success.
Mr. Rohan Karnataki started doing business since 18 and has never looked back. He has been financially independent ever since and also pursued MBA from Australian National University.
Work-Life Balance as a CEO
Mr. Rohan Karnataki believes that “When you are the CEO, work and play blur into one another. The most important thing is to have sharp focus and steer the firm toward greater success.” He comes from a loving and supportive family and he frequently takes his two kids on outdoor adventures and creative workshops where they can express themselves while learning valuable life lessons.
Hindavi’s Patrons
Mr. Rohan Karnataki is a serial entrepreneur. He has founded several companies and served as their CEO. This has given him an opportunity to work with the most respected organizations in the world. Throughout his professional life, he has collaborated with multinational corporations across various sectors, including fastmoving consumer goods (FMCG), finance, telecommunications, information technology (IT), automotive, energy, education, media, and retail. Some of Hindavi Technologies clients include:
• Avaya Telecom
• Bank of America
• Dr. Reddy’s
• Koelnmesse
• Mahindra & Mahindra
• Suzlon
• The Dubai Government’s Expo 2020
• The Red Cross Society
• The Sharjah Expo Centre
• Thermax
• United Nations
Pacing with ever-evolving trends
As Mr. Rohan puts it, “The only approach to stay up to speed with ever-evolving trends in the industry is to set them”. As a CEO, his goal is to ensure that the company is consistently ahead of the curve regarding technological developments. Before they became trend-words, the company has been regularly implementing ML and AI technology into its products and introduced VR/AR to the world.
A company’s overall business plan can only be successful if it can change and evolve with the times. To ensure that the company can adapt to the rapid rate of technological change, Mr. Rohan Karnataki has taken initiatives to educate his staff and provide them with guidance and direction to upskill themselves.
R&D and Expanding Markets
The company’s business model places a premium on R&D. It often strives to introduce ground-breaking new products. The company aims to be an industry leader in cutting-edge fields including quantum computing, ambient computing and AI.
Workforce Happiness
As a business leader, Mr. Rohan anticipates the eventual demise of the distinction between “White Collar” (physical and cerebral) and “Blue Collar” (physical) occupations. Green collar jobs (those requiring physical, emotional and mental labor) are the ones that will thrive in the future since they are staffed by people who bring their whole-selves to work. To do this, one needs to establish a meaningful rapport with them, which means learning about their aspirations and working with them to realize their desires. Employees will be happy and fulfilled in the work if they are given space to share their thoughts and are encouraged to take the initiative. All these functional elements are present at the company, and its employees attrition rate is lowest in the industry.
Hindavi Technology Milestones
• Collaborated with an FMCG company to build 200+ franchise locations in under six months.
• Dubai Expo 2020 has chosen us as its official Event Management System (EMS) vendor.
• Selected to present a proof-of-concept (POC) to the United Nations (UN) on identifying ethnic cleansing through the use of artificial intelligence (AI) in social media.
Awards for Excellence
• Best Companies to Work for (2022)
• Best Entrepreneur Award (2021)
• Best Product Development Company (2019)
• Top 10 Mobility Companies in India (2018)
Strategy for the Long Run
The CEO’s long-term goal is to increase the company’s output of ground-breaking information technology (IT) solutions in education and healthcare. The company’s edtech product, CareerFirst, has already been released. It is the first comprehensive Career Design Platform in India. Impact sectors that have the potential to improve the lives of people while also fostering personal growth and a robust economy are of particular interest to the company.
The CSR Policy
Mr. Rohan Karnataki believes “We earn a livelihood by what we get, but we create a life by what we give,”. He is the founder of Gudbro - Society for Corporate Strategic Philanthropy. Gudbro facilitates strategic relationships between other corporations, including him and 60+ non-governmental organizations (NGOs), to aid in their mission fulfilment. The healthcare, hygiene, education, empowerment, agriculture, and selfemployment sectors benefit from the company’s contributions to these social groups.
A Word to the World
In Mr. Rohan’s opinion, a lack of persistence is fatal to a career in top management. The CEO of a firm needs to be able to see the big picture and motivate their staff to work toward the organization’s ultimate objective. Mr. Rohan often tells his employees, “Dream as impossible as possible.”
Learn how Apple co-founder Steve Jobs revolutionized the computer industry.
The
late Steve Jobs was an innovator in the computer industry, as well as a visionary businessman, role model and designer. He was instrumental in the development of revolutionary new technologies in the animation and computer sectors as a former chairman of Pixar Animation Studios and as a co-founder of Apple Computers. Jobs, who was 56 years old, passed away after a valiant eight-year battle with pancreatic cancer.
A Young Steve Jobs
Jobs found a wonderful family to adopt him in San Francisco. An early interest in engineering and computers was inspired by his father’s profession as a machinist and his love of electronics. Teachers recommended Jobs enrol in school early because of his intelligence, but Jobs’ parents were against it. Steve Wozniak and Jobs were fast friends in high school due to their shared interest in computer chips and electronics.
History of Apple Computers
Following his decision to leave college, Jobs travelled to India to investigate his spirituality. Spiritual awakening was the source of both Jobs’ task ethic and his minimalist outlook on life. His guiding principles in life are clarity and minimalism. “You need mental space to make progress on anything. Once you get there, nothing will be able to stop you.”
At the age of 21, Jobs founded Apple Computers in his garage. Jobs used the money from the sale of Wozniak’s calculator and his Volkswagen to start the firm. We saw a return on our money. A computer was a large, expensive, and inaccessible piece of machinery prior to Apple’s introduction. Wozniak and Jobs managed sales of $666.66 in user-friendly computers. Sales increased by a whopping 70 percent thanks to the Apple II. On its debut day as a public company in 1980, Apple Computer was valued $1.2 billion.
Apple’s departure, Pixar’s start
Despite the success of the Macintosh, Jobs’ fame did not last. IBM was Apple’s most formidable rival and eventually surpassed Apple in sales. A disagreement with Apple CEO John Sculley led to Jobs’ departure from the company in 1985. He was also the creative force behind the inception of NeXT Inc. and Pixar. Pixar was successful because to Jobs’s ambition and management style. After four years of struggle, Toy Story Movie was Pixar’s first major success. Jobs was demanding and combative with his employees. Many of his team members sided with him because of his harsh management style. You need more than vision to pursue the route,” Pixar cofounder Edwin told the NY Times. Steve consistently challenges himself to new heights in pursuit of improvement.
Afterlife
In 2004, Apple reported that Jobs had pancreatic cancer, which is curable with treatment. Jobs was inspired to create Apple’s groundbreaking products of the 2000s by his near-death experience.
At Stanford University’s 2005 commencement address, he said, “External expectations, fear of humiliation, pride or failure melt away in the face of death.”
Although he was sick, he oversaw the launching of Apple’s most groundbreaking and profitable products. The iPod and iPhone broke sales records while changing customers’ access to information and communication, and iTunes rose to prominence as the second biggest music store in the United States.
The innovative direction set by Jobs Jobs admired teamwork. He was in charge of product development, but also understood that a company’s best resource was its staff. During an interview with 60 Minutes in 2003, he said, “That’s business.” Corporate success is the work of a group rather than an individual. Jobs was aware of the need for effective team leadership. According to Jobs, innovation is the key differentiator between leaders and followers. Due to Jobs’s strict adherence to quality, almost everything he created was a commercial and critical success.
Steve Jobs’ impact on the world
The positive impact Steve Jobs had is being felt today.
1. Environment-friendly
Products that are better for the environment were made possible through Jobs’s innovation. Script readings and presentations have been replaced with iPads. Because to the widespread adoption of Apple’s iPhone and iPad, “paperless” operations are now the standard in many industries.
2. Changed the world entirely: technology
The iPhone wasn’t the first smartphone on the market, but it was the spark that set off the mobile revolution. It boosted both individual and occupational autonomy. Professionals can do more on the go with an iPhone by allowing them to take calls, respond to emails, and even join webinars. They may also find media that cater to their tastes, interests, and preferences.
3. Global Speedup
Because of Jobs, everything is now more accessible. Some of his innovations include apps that allow you to schedule appointments and make bookings from your phone, as well as a way to use an iPad as a point-of-sale terminal. Communication between businesses and their customers is facilitated by Jobs’s innovations.
Apple.com
The marketing campaign for NeXT’s OS in the United States was unsuccessful. Jobs was named Apple’s CEO upon his return to the company in 1997. Jobs revitalised the company with millions of Apple shares and a $1 annual salary. His leadership at Apple resulted in the development of the iPhone, iPod, iTunes, and iPad. Aside from revolutionising mobile communications, retail, healthcare and music, Apple is also responsible for these revolutionary changes. These items were created using his intuitive thinking. A purported quote by Jobs reads, “market research and Consumer.”
Learn how to use Facebook Pages, ads and other Engagement Tools
If you need help reaching users organically, try paid advertising solutions like Facebook or boosted posts. “Boosted posts” are posts that you publish on your Facebook Page and then pay money to “boost” to a specific audience. On the other hand, Facebook advertising offers more functionality and placement options.
You can easily target a specific audience with Facebook advertisements and promoted posts. Fans of your page can be targeted, or niche markets can be created based on their geography, age, gender, and hobbies. The platform collects user data, allowing it to target your advertisement to people who are interested in your service or product.
How Should You Use Facebook Ads?
Because boosted posts are simple and have fewer options, we’ll focus on optimising the performance of your Facebook advertising. However, many of these suggestions also apply to promoted content.
1. Set goals for your advertisements.
Ads work best when they serve a specific purpose. A specific goal will help you track the effectiveness of your advertising and determine whether your marketing strategy needs to be tweaked.
Facebook defines two popular ad types, lead and dynamic, to help businesses achieve their goals. Users who have shown interest in your website are retargeted with dynamic advertising, promoting relevant products from your product catalogue. Lead advertisements provide users with an easy way to find the required information.
2. Select your target audience.
You must specify the reach of the advertisements to target the right audience. Facebook allows you to target people based on location, demographics, hobbies, behaviour, and relationships.
Your local marketing strategy benefits from location by focusing on local customers more likely to be interested in your services or products than those in another state or country. You can use demographic data to choose your target audience’s age range, occupation, and gender. Use the criteria for connections, behaviour, and interests to narrow your audience further.
3. Establish a budget.
As previously stated, Facebook’s advertisement management tool is Ads Manager. You can buy Facebook, Audience Network, and Instagram advertisements, which display Facebook ads in applications from other publishers.
To purchase one, create an ad and submit it to a Facebook ad auction. Your budget can be one of the criteria for delivering your advertisement through the ad auction. Deciding how much you want to spend each day and over time would be beneficial. In Facebook’s ad auction, you must establish a “bid,” which is the most money you will spend if someone views or interacts with your advertisement.
4. Create persuasive ad copy.
Everything in marketing boils down to how well you write, and Facebook advertisements are no exception. Whatever advertisement you choose to run, the material you create should address your clients and compel them to pay attention to you. To accomplish this effectively, you must be clear about your target audience and what you want them to do.
5. Use images and videos.
You’ll need eye candy if you want your audience to read your material. It could be a carefully selected image that visually communicates your brand or offer or a compelling film.
Video advertising on Facebook is frequently more successful. People enjoy watching videos online, and with the proliferation of user-friendly video-editing tools, editing videos has always been challenging.
6. Create Messenger advertising.
Because messenger advertisements are still in their Wild West marketing stage, now is the ideal time to jump on board. The best thing about Messenger advertising is that it is delivered directly to users’ Messenger apps. It can be found alongside messages from coworkers, friends, and family. It is a small environment that feels extremely personal, partly due to only a few companies using this platform.
7. Learn the fundamentals of Facebook advertising.
Facebook advertising targeting has come a long way in the last few years. In the beginning, there were some hit-or-miss methods for creating Facebook ads. The platform now allows you to choose the type of advertising campaign you want to run, as well as specific goals and targeted audiences.
You can run variations of the same advertising to see which is more useful while limiting the amount you spend by carefully budgeting your money by day and ad.
We’re almost done!
The reason it appears complicated is that it is. Taking your time and understanding the fundamentals of correctly building your campaign is critical. Beautiful writing and eye-catching images are no longer enough. Understanding how Facebook ads work is beneficial, but you may require more time to keep up with them. Seek assistance from a marketer who is knowledgeable about them for their updates.
Given how many businesses have a Facebook presence, you’ll need your Facebook Page to stand out if you want people to pay attention to your company. Assume you’re debating whether it’s worth the effort to make your business stand out on Facebook. The numerous benefits of Business Pages may persuade you to make the time investment in that case.