Insights Success | Best Online Business Magazine

Insights Success | Best Online Business Magazine

Insights Success is the Best Business Magazine across the globe for enterprises. Being a progress-driven platform, it focuses distinctively on emerging as well as leading companies, their reformative style of conducting business and ways of delivering effective and collaborative solutions to strengthen market share. Here, we talk about leaders’ viewpoints & ideas, latest products/services, etc. Insights Success magazine reaches out to all the ‘C’ Level professional, VPs, Consultants, VCs, Managers, and HRs of various industries.

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Who will win the 5G race?
The race for dominance in telecom is going on steadfastly with fifth generation (5G) of mobile network is set get standardized by 2020. The industry is expecting that 5G will solve not only current problems of telecom connectivity but also the problems that may arise in future. The countries and carrier companies that are capable of building network infrastructure and enable device connectivity in the fastest manner will take advantage of being a first-mover. They have to build a nationwide wireless 5G network available for users much before others. 5G technology is revolutionary and not just the next version of 4G or a simple upgrade of speed and capacity. There will be upgrades on performance and power efficiency to have far-reaching impacts like the development of smart cities, connected cars, and networked business communities.
 
 
There is a virtuous cycle of Users, Data and Services. A top industry consulting firm has released a report about 5G technologies. It has mentioned about the benefits of so-called data network effect in which early leadership in these technologies will give the advantage of having more users who will, in turn, generate more data. More data about the users helps in improving the services and will create interests for more users for availing the services. Thus countries adopting 5G first will enable them to experience disproportionate advantages in a macroeconomic environment of the digital world compared to others. At the macro-level, there will be an advantage to reach the customers with specific and customized services.  Indirect benefits like fast economic activity and job growth. Smart cities will be developed to change the very way of doing business through 5G rollouts. The first country to transition to 5G will define who has the edge in development and leadership in technology.
 
 
Europe is falling behind in the race for 5G user cases mainly due to a lack of urgency among large mobile operators. Building the infrastructure is not fast enough in the US to compete with other countries who have adopted the technology early. It is lagging behind countries like China, Japan, and Turkey who are planning to launch 5G by 2020. A consulting firm has estimated that establishing 5G networks in the US itself could result in three million jobs through construction and maintenance related works. It is likely to post a growth of $500 billion in GDP. But these things are not going to affect the domestic jobs only because other countries like China becomes first to implement 5G.
 
 
Deploying 5G technology is likely to cost upwards of around two hundred billion USD in a year. Carriers have to spend more for the next five to 10 years and the government can take a small share of the spending. The 5G network’s architecture requires a change from deployment to getting necessary permits. The total investment of around three hundred billion will be required by U.S. network providers as per the some of the estimates.
 
 
Recent developments indicate that based on efforts being exerted Asian Telcos and tech giants are coming forward first in rolling out the 5G network and making it on air. Authorities predict that cities such as Tokyo and Seoul, Shanghai, Hong Kong will have access to 5G from 2020 onwards.
 
Markets like China or South Korea have cooperation at the local level and face much less friction than the governments in the US. It is an advantage when it comes to rolling out their infrastructure. United States and Europe are lagging behind in this race to build a faster nationwide wireless network that uses 5G Technologies. So the prediction is that China is the likely winner followed by Asian countries like South Korea and Japan in a crowded 5G race.
 
Source: http://www.insightssuccess.com/who-will-win-the-5g-race
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Self-Promotion – A Strategy for Perquisite of a Business

For every individual who looks forward to starting their own business, it is a well-known fact that there will be multiple challenges and hardships that will come their way. It maybe financial struggles, emotional breakdowns or even peer pressure. Even the biggest entrepreneurs of today have faced these problems, but have risen above them to achieve their dreams. One of the major struggles beginners face is bringing oneself to step up on a platform and express their dreams out loud. Whether they are business owners, entertainers or freelancers each one of them finds themselves backing out of presenting the company or product in front of a crowd. This happens only due to a certain mindset that it may come out as narcissism or as being needy of attention.

But to adapt to the changing scenario can also be nerve-wracking. It may take quite a while but implementing this strategy will prove to be fruitful in the long run. This is the only element that will attract potential clients and hence bring forth chances of sales.

 

Challenges Encountered by Novice Business People

Business is usually viewed as an easy way to earn and create a name by a majority of people. All it requires is one idea which can be taken ahead and framed into a successful business. But, the concept of a business is always one that involves tough tasks. One of the foremost challenges people face is framing a workable idea in their minds.  In order to set up a business it needs an idea whether it will be a product based or service based business. And even if the choice is made between these options, there needs to be product or service chosen as a part of the plan. A lot of people tend to get lost in the midst of this and hence lose out on some golden opportunities. At the current rate of growing businesses every day, it is essential that something is thought of quickly before another takes up the idea and go on to the next step of implementation.

 

Another big factor that leads to difficulties is lack of finances. Beginners usually have a list of fantastic ideas that can be successful without a doubt. But, in order to start a business, it is essential that one has the means to do so. There are many places which will require payments on the person’s end and to make it happen they need to have at least a certain amount of savings or the assurance of being able to pay off loans.  Though it is secondary that if the business takes off, there won’t be any shortcomings, but, in case it doesn’t the person needs to be prepared for both the scenarios.

 

People have the ways to build a business and are usually under the impression that they can single handedly take care of everything that needs to be done. When the company starts building up, it does seem too much for one person to handle. At this point, it will become necessary to employ a few people amongst whom the tasks can be distributed. But then again, these employees will need to be paid their monthly salary which goes leads them all the way back to having the financial means. This purely implies towards the fact that challenges like these are going to try to play spoilsport for one’s business but it is up to the individual as to how they deal with it.

 

Promoting Oneself as an Obligation

Once a business is established the task of promoting oneself as a part of the brand is one that most people hesitate to do. Any business is a reflection of the individual as it is their brainchild. But a lot of individuals find this to be an intimidating task as it will involve a lot of conversations, making deals, facing criticism and enduring a lot of hardships through the journey. But it is extremely essential that they mentally clear any feelings of wanting to give up on the idea the reason being nervousness.  For a business to find its presence in the corporate word, one needs to ensure their presence amongst people as well. Only if other customers know and relate to the individual will they support the business idea.  Portrayal and development of confidence is an indispensable quality that needs to be present in a budding businessman.

 

It is also necessary that the individuals not fear the crowd as it is this very factor that will help in the growth of a business. And in order to establish this, one needs to do something that is out of their comfort zone. This is where the real skill of an entrepreneur lies. It’s absolutely alright to take small steps, but they are necessary. Apart from this, it’s essential that the person keeps track of the success that their endeavor achieves be it a major one or something small. It’s an achievement nonetheless and is worthy of being shared with others as well. This will ensure that others sit up, take note and acknowledge the growth of a new business.

 

The usage of social media is essential in giving the business a major boost as it is one of the most preferred modes of promoting oneself. There maybe the initial feeling of awkwardness, but an aspiring entrepreneur has to keep these feelings aside and give the company the top priority. They have innumerable options and techniques which can be used to promote the products and find considerable benefits.

 

Being an entrepreneur is a challenging task but with the right way of using oneself to promote the products, it will always prove to be profitable to the business. This in turn will help in the personal growth of the individual as well.

 
Source: http://www.insightssuccess.com/self-promotion-a-strategy-for-perquisite-of-a-business
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Environmental Responsibilities for Business

Under the Environmental Responsibility of the Corporates, it is expected to operate in a manner that protects the environment. Going beyond business activities and taking care of the environment can bring business benefits. Now corporate companies have realized that business activity in an environmentally responsible way is not only a legal duty but also a responsibility. Over the past few years, stakeholders increasingly require corporate organizations to become more environmentally aware and responsible. CSR activities of corporate organizations affect their bottom line and the long-term success of their business.

The environmental aspect of Corporate Social Responsibility had been debated over the past few decades and it’s a hot matter of any business house. Earlier in the traditional business model, environmental protection has been considered only in relation to the “public interest”, but now it’s a part of business. Governments of all over the world have maintained the principle of environmental responsibility for ensuring environmental conservation and management as well.

 

Business organizations should store waste safely and securely, make sure it is treated appropriately and also be ensured that it is collected by an authorized body such as your local authority or a licensed waste contractor. You can also manage waste for recycling by separating paper, plastic, metals and glass and for those organizations that are in the food businesses they need to separate food waste for recycling.

Be sure that your business activities do not cause a statutory nuisance like producing smoke, noise, gases, odor, fumes, accumulating rubbish or light pollution which could affect someone’s health. If your business activities pose an imminent threat to the environment, then notify the relevant enforcing body to take steps to prevent the damage and if your activities also cause actual environmental damage then you must take a remedial action to repair the damage. Before directing effluent detergent and waste chemicals into sewage, you should get permission from relevant body.

 

The business organization needs to think about the risks posed by chemicals or hazardous substances to the environment. Hazardous substances include oil, chemicals, pesticides, ozone-depleting substances, radioactive materials, electrical or electronic equipment solvents and biocides. You must ensure that your organization is aware about the environmental risks for every hazardous substance which you store, use, produce or dispose of at work.

If you are in manufacturing business then you must comply with the restriction of the Use of Certain Hazardous Substances such as lead, mercury and calcium. Manufacturers are prevented from placing products on the market with more than a certain amount of hazardous substances.

If you work with equipment containing ODS or fluorinated gases then there are requirements that you must ensure prevention and repair of leaks, checking for leakages and record keeping recovery for the purpose of recycling.

 

Business organizations must ensure that any waste they produce as a result of their business operations is stored safely and securely, treated appropriately and collected for disposal or recycling by an authorized body to do so. The regulations of waste management require all businesses to separate the following forms of commercial waste for recycling plastic, paper, metals, and glass.

 

Biodiversity refers to all species of animals and plants. The increasing human activities cause the loss of biodiversity in the world. All types of business organization operating near these types of the area should be aware, and take responsibilities for conservation and protecting biodiversity. This not only applies to land-based industries such as farming and forestry but also to all factories, industries, offices and other business activities based on or near biodiversity areas.

Protected areas like UNESCO biospheres include local nature reserves, areas of natural beauty that needs conservation, the heritage of wildlife habitats and national parks of the country.

Source: http://www.insightssuccess.com/environmental-responsibilities-for-business
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Why Good Web Design is a Must for a Successful Business

If you are a modern business owner, the chances are high that you already have a website, or are planning to set up one to effectively promote your products and services. While having a website is a step in the right direction, creating one that’s beautifully done and has a responsive design will help you achieve your goals much quicker.

Here, we explain five reasons why a good web design is a must-have if you’re looking to run a successful online business

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Set the all-important first impression

The one thing your online buyers see when they visit your business is your web design. Needless to say, your choice of site is what they use to judge you and also determine whether they want to do business with you or not. It is during these first few seconds that you want to impress and make them like your business .

If your website looks outdated or disorganized, your audience is likely to have a negative impression of your business. In fact, you may end up losing most of your probable customers before they can even peruse and understand the content on your site.

Strive to always create a good perception of your brand in the eyes and minds of your visitors by using appropriate designs that are sure to appeal to them. Put otherwise, leverage the power of good design to retain and convert your leads into customers.

 

Enhance your search engine optimization results

Do you plan to run an SEO campaign for your business? Having a great web design will help you maximize your marketing results and boost your chances of finding success quicker. In the past several years, Google and other search engines have emphasized the need to create mobile responsive websites to take care of the growing number of mobile users.

To prove their seriousness, most search giants have been demoting sites that ignore these directives while on the other hand rewarding their responsive counterparts with better rankings on SERPs.

Of course, there are a lot more SEO factors other than design, including the quality of inbound and outbound links, content quality, and loading speeds which is primarily determined by your choice of hosting and the elements used to design the site. You might want to check out these web hosting reviews if you’re looking to boost your site speed and ultimately enhance your SEO results.

 

Improve your conversion rates

Let’s face it, the primary goal of setting up a website for your business is to grow your customer base and increase your revenue and profits. Having a good design helps you convert a big number of your web visitors into buyers.

For starters, you can boost the visibility of your products and services by improving navigation and using strategically placed call-to-action buttons. Additionally, you can improve content readability by using easy-to-read fonts and adding more white space in your content. Also, including visuals will additionally enhance your site’s overall appeal and make your brand more impactful.

 

Enhance your customer service

Your website serves as the digital face, or put simply, the ‘reception area’ to your business. When potential customers search for your business and land on your site, the majority will gauge the expected quality of customer service based on the quality of your design. This is why we cannot emphasize enough on the importance of creating a good first impression.

For example, if you have a bright, inviting, and well-organized site, your visitors are likely to feel more welcome to your business and find it easy to contact you. On the other hand, an unappealing and outdated website is sure to come across as belonging to an offhand and cold business that hardly cares for its visitors.

 

Remain consistent and trustworthy

Did you know that the average buyer has to encounter a brand between six and eight times before they can finally feel comfortable buying from it? This is why it’s incredibly important for you to consistently promote your business and increase its visibility in the eyes of your prospects.

While at it, maintain a consistent brand appearance that users can familiarize with and relate to — this includes using the same type of fonts, colors, and layouts across your site. A lack of consistency can mean users find it difficult to register your brand image in their brains. This is obviously a precipice of disaster in your quest to attract and retain more customers.

How is web design affecting your business and customer acquisition results? We’d love to hear your feedback in the comments below!

 

Related: How UX Design Brings Value to the Business

 
 
 
 
Source: http://www.insightssuccess.com/why-good-web-design-is-must-for-a-successful-business-5-reasons
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5 Technological Trends in Business That Are Shaping the Future

Technology is an ever-evolving landscape, upon which we interact with both, the business world and our everyday lives. New and more advanced forms of technology are being introduced to the world on a frequent basis.

In the past 20 years, the world has made technological breakthroughs that are leaps and bounds beyond anything previously developed. Because of this, some businesses struggle to maintain their profitability and market share, given that competitors have an advantage when it comes to software or production capabilities.

In an attempt to combat this, we’ve put together a list of the most relevant business-related tech trends that your company needs to know about if you expect to be successful in the near future.

Take careful note of these up-and-coming products and advancements that will have a major impact on all businesses moving forward.

 

Cybersecurity

Recently, many large-scale companies have been victims of cyber-attacks and security breaches that have not only caused a very public and negative PR storm but subsequently resulted in the loss of customers and profits.

Having a cybersecurity system that firmly protects the valuable data and information a business withholds is crucial to the well-being and success of firms in most industries. Consider your current security system and how your company could be vulnerable to these hacks from outside parties.

Protecting your most valuable assets and classified information should be a huge priority for any business in the tech or business realm. It may even be worth getting a consultation from a third-party cybersecurity company to better assess your firewall and network capabilities.

 

5G

Although it isn’t discussed nearly enough among the tech community, 5G will soon be a game-changer for all businesses’ performance, speed, and connectivity. The newest wireless network is expected to increase your device speeds by 10 to 20 times. Several countries around the world, including the United States, are in a tight-knit race to be the first to launch 5G.

This type of power in wireless connectivity will allow for the adoption of driverless cars, the widespread use of drones, and more advanced capabilities being added to smartphones. Businesses which have 5G will certainly have an advantage in both production and output capacity.

 

Introduction of Bots

Automation and robotics are quickly becoming the standard in most industries. More and more, the practice of automating back-end business tasks is being added as a supplement for employees to help them produce at a higher rate and be more efficient.

While many believe that bot technology and automation processes will soon replace a large number of jobs, this software is actually designed to take away mundane, repetitive tasks to allow workers more time to focus on larger projects and get more done during a given workday or week.

They can assist in a variety of departments as well, ranging from human resources to customer service, and can even supervise assembly-line production and correct any errors or insufficiencies.

 

eCommerce

Although eCommerce has been on the rise for the past two decades, it continues to be a booming industry that finds new and inventive ways to bring consumers, the products they desire, at the touch of a button.

Any business in the consumer or B2B space would benefit from optimizing their platform for eCommerce and find as many opportunities as possible to advertise and give your target demographic easy access to ads and branding exposure.

Social media platforms such as Facebook and Instagram have now begun adding branded content ads to users’ timelines and making it simple to click, shop and buy, all from within the apps. If applicable and relevant to your business, focusing on better eCommerce strategies could dramatically affect your bottom line in the long-term.

 

Blockchain

Blockchain development has become a thriving career field for many in the tech industry, and despite the fact that cryptocurrency markets have cooled in recent months, blockchain continues to blossom.

In such areas as the finance sector and distribution where the concept of a “middle man” is rendered almost useless, blockchain helps to confirm payments fast and efficiently, while ensuring their encryption. It is an ever-evolving mechanism that will most likely soon become a staple for businesses around the world.

Processing multiple types of transactions are simple with blockchain’s capabilities. Take a closer look at how blockchain could benefit your field of work and consider what the future could look like for your company if it were to have advanced technology such as this.

 

Related: Top 5 Technology Trends to Drive Business Successfully

Source: http://www.insightssuccess.com/5-technological-trends-in-business-that-are-shaping-the-future
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7 Angel Investors who can Give Wings to your Start-up

If you have- an idea that can stimulate growth; an idea that has the potential to create job opportunities; an idea that can make significant changes to the lives of common man; or an idea that has the potential to become an industry trend, then you have reached to a right destination. Many young entrepreneurs always in search of someone who can believe in their idea and provide all support which are required in the initial phase of their business. Here we have come up with an exclusive list of some prominent angel investors who have a rich history in assisting start-ups to flourish in their business.

 

Jeff Clavier:

Jeff is the founder of SoftTech VC who has shown tremendous zeal in supporting start-ups over the decade.  He has invested his deep expertise and valuable money to assist more than 200 companies in the last 10 years. In approx. 20 companies, he has made an investment of up to $6 million per start-up which reflects his ecstasy towards encouraging new companies.

Although, Jeff is more interested in investing in businesses related to e-commerce, mobile and infrastructure monetization but he has supported many enterprises across the business verticals in their critical stages and helped them to establish their mark in the industry. Many of such successful companies include- Fitbit, Sengrid, Evenbrite, Wildfire, Bleacher Report, Mint and Gnip.

 

David Lee:

David is an American investor who is known for his role as the managing partner at SV Angel which invested plethora of money to push the growth of Airbnb, Snapchat, Oscar Health, and Dropbox among others. His personal biggest investment till date is approx. $250,000 (but as the founder of SV Angel, he invested much higher). Many business magazines have recognized him as one of the Top 50 best investors for early stage businesses. David has a penchant for investing in businesses concerning to Big Data, Analytics, e-commerce and consumer internet.

 

Jeff Bezos:

Most of the persons who are into any kind of businesses must have heard this name. Jeff is the founder of Amazon who is also a prominent investor. He was among some of the early persons who believed in the idea of search engine in late 90s and became one of the first angel investor for Google. He invested $1 million in those early times of technological revolution when most of the common people not even exactly aware of what software really ‘does’. As the CEO of Amazon he has invested millions in various businesses famously include- BankBazaar.com ($ 60 million), LivingSocial ($ 400 million), HomeGrocer.com ($ 100 million).

On a personal capacity, he has invested immensely in many companies like Airbnb ($ 112 million), and Uber ($ 37 million).

 

Read More:  4 Things that Every Investor Must Know Before Diving Deep into the World of Angel Investing

 

Keith Rabois:

Keith is one of the finest investors around the world, who is known for driving five start-ups from their early stages to publishing their successful IPOs. He has also played an instrumental role in transforming many start-ups into $1 Billion entity (by providing the seed capital at the time of need). Those companies are YouTube, Airbnb, Wish, Yammer and Lyft. He prefers to work in loyalty programs, education, IT, sports, and marketplaces.

Personally, he has invested money up to $ 250,000 and helped many start-ups to flourish.

 

Aydin Senkut:

 Aydin, Founder and Managing Director of Felicis Ventures has made a repute of a ‘Super Angel’ in the industry with his meticulous investment skills. He has supported many companies which later became prominent across the world, famously include-Shopify, Fitbit, Credit Karma, Rovio, and Vicarious. He does not hesitate to invest millions if found the idea interesting. This is one of reasons why many walk towards Aydin when it comes to funding. Till date, he has invested millions of dollars in many businesses (Approx. $ 5 million) and helped more than 80 start-ups to transform their dreams into realities. His core interest area lies in businesses that deal in SaaS, personal health, 3D printing and healthcare.

 

Paul Graham: 

 In 2005, Paul started “Y Combinator” with the aim to provide seed funding to a large number of start-ups. Since then, Paul has invested a large sum of money in fuelling the growth of over 1300 start-ups.  Many of those start-ups have become a prominent face in the industry include- Dropbox, Airbnb, Stripe, and Xobni. What fascinates entrepreneurs about Paul is his caliber to pump millions in one shot. He has an impressive record of investing up to $ 1.6 Million that too for a single start-up. This much figure itself prove the worth of this investor in the minds of entrepreneurs who desperately needs funds at the initial phase of their business.

Although, which industry he prefers the most is still a secret but going by his previous track record and background check one can surely bet its technology-related business.

 

T.V. Mohandas Pai: 

He is a prolific angel investor who has supported more than 40 start-ups to succeed. He has funded millions of his earnings to support the financial and mentor needs of many companies like SAHA Funds, Zoomcar, Zimmber, Uniken, YourStory, and FairCent among more. He is the head of Aarin Capital Partner in Bengaluru, who is currently working on creating a robust financial eco-system of more than 10 funds to fulfil the capital requirements of an entrepreneur. Present him an innovative idea. I bet you will you not regret approaching him.

The list is endless. There are countless angel investors across the globe who are ready to fund your business. But before approaching such investors one should test the viability of their idea in real scenarios to crack a deal in the very first attempt.

 

Read More: 7 Tips to Attract Angel Investors towards Your Start-up

 

– Ashwini Deshmukh

Source: http://www.insightssuccess.com/7-angel-investors-who-can-give-wings-to-your-start-up
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5G Technology is Arriving Soon!

5G is ten times faster than 4G. It can load the websites, download songs and stream the entire movie quickly in just a few seconds. Several telecommunication giants such as Verizon, Sprint, Samsung, and AT&T are planning to launch 5G smartphones this year.

The fifth generation of connectivity acutely called 5G will be ready for prime time this year. Hardware is in the works, software is being tested, and carriers are preparing their plans to flip the switch on their 5G network in the first half of 2019.

Companies like, Qualcomm and Intel are working on 5G modems that will fit into phones, cars, smart-home devices, and other devices. These radios are in the middle of testing to make sure they’re interoperable with network operators and infrastructure companies.

 

5G Spectrum

5G operates on three different spectrum bands that will have a dramatic effect on everyday use.

Low-band spectrum offers great penetration and coverage area in remote areas and into buildings. It is also described as sub 1GHz spectrum.

Mid-band spectrum provides faster coverage and lower latency. Massive Multiple Input Multiple Output (MIMO) can be used to improve penetration and coverage area on the mid-band. It is a core component of the super-fast 5G networks. Apart from this, Beamforming can also be used to improve 5G service on the mid-band. It uses several antennas to control the direction of a wave-front by properly weighting the magnitude and phase of individual antenna signals in an array of multiple antennas. Beamforming sends a single focused signal to each and every user in the cell as well as systems to make sure they have a steady signal.

High-band spectrum can offer the highest speeds up to 10 Gbps and has very low latency. It is often referred to as mmWave, which is evolving as a key technology and the next big thing in the mobile industry. High-band spectrum provides high speed as well as coverage area and relies on small cells. Small cells with low-power base stations can cover small geographic areas, as well as small cells with carriers using mmWave for 5G, can improve overall coverage area. Mutually Beamforming and small cells can deliver very extremely fast coverage with low latency.

Each time the new generation of wireless technology has offered faster, more reliable cellular and internet connections. There are several advantages of 5th generation technology as it offers a wide range of features which would benefit all groups of people and even a common man. Here are some of the advantages of the latest technology:

  • Greater speed and Greater capacity
  • Reduced Latency
  • Provide high resolution and bi-directional larger bandwidth
  • It will provide enormous broadcasting data in Gigabit that will support more than 60,000 connections.
  • It will gather all networks on one platform
  • Provide uninterrupted and consistent connectivity.
  • Allow access to parallel multiple services
  • Remote place access grant
  • Detect natural disasters

Moreover, 5G will unlock the full potential of VR and AR technology. It requires a more capacious network with lower latency and more consistency, in other words it requires 5G. So, this new stage in wireless communication will go beyond and will bring countless revolution in near future.

 

–  Nilam Thakkar

 

Read More: Who will win the 5G race?

Source: http://www.insightssuccess.com/5g-technology
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7 Tips to Attract Angel Investors towards Your Start-up

When it comes to funding a start-up, many knock the doors of banks, and venture capitalist while others look towards angel investors with hope. Getting angel investors on board has its own significance and advantages as compared to venture capitalist and banks.

Angel investors have high risk taking capacity and can turn the fortune of your company to a whole 360 degree. But to convince an angel investor is not an easy task. It is thus important to understand what exactly an angel investor wants to see in your business at the time of ‘idea pitching’.

 

A Viable Exit Strategy

Any investor is hopeful to make a good gain in his/her investment. However, not all make profits in their investments. Any investor thus looks out for a viable exit strategy when he/she thinks that things don’t work out as per their goals. While most of the angel investors are patient enough to encourage the company in tough times too but it is natural for any lender to know how you are going to pay back if things do not executes as par plan or the company suffers losses. Giving the rights to sale the shares or gaining money from the mergers are some of the common exit strategy investors look to safe-guard their interest.

 

Provide the Platform to Actively Involve

Now-a-days many successful people want to invest into the areas which they have expertise in or in the areas they find thrilled about. Such investors not only want to share their money for your business but also ready to go an extra mile to make your entrepreneurial journey better and smoother. Investor these days want to have a say in your business for a greater success. They want to actively participate in developing your business by acting as a mentor for your company. By proving them such a liberty can not only make them feel valued but also helps your business with the expertise and knowledge that your angels carry.

 

Find the Thrill Factor

Always remember that most of the angel investors are successful entrepreneurs who have plenty of surplus money in their bank accounts. They are already wealthy enough and do not need extra money to sustain their lavish lifestyle. They just want to hear an idea and want to invest their money for the idea that gives them a thrill. However, every angel investor has his/her own reasons for investing in any start-up. Experts have categorised such investors into three categories: the economic, the hedonistic and the altruistic.

An economic angel investor is more concerned about gaining extra money on his/her investment while a hedonistic angel investor is most attracted with the excitement of creating something new. Contrary, an altruistic angel investor is thrilled by helping the community with the success of start-up in terms of more job creation, allied economic progress and other. Therefore, it is necessary to do some basic research on knowing investor’s thrill factor so that you can give extra stress on it during the investment pitch.

 

No Hockey Sticks

Entrepreneurs always want to impress investors with fascinating numbers concerning their future growth. Experts believe 90% of the businesses show dramatic initial growth numbers that most of the times go off-the-charts. Many refer to it as hockey stick and 99% of the time it does not make any impact on investors. Instead, unrealistic projections and unrealistic numbers can turn-off the mood of your angel and made them think again about investing in your idea. Smart investors like realistic numbers and impress by real-projections.

 

An Adept Management Team

Leadership is what ultimately decides the future course of action for any enterprise. Investors are thus very much keen to know more about the people on your company’s board. Angel investors get impressed if they see your business is in the hands of people who are knowledgeable, competent and trustworthy. A solid management team of numerous people who have proficiency in different aspects of business like marketing, sales, manufacturing, managing people and accounts creates a positive impression on investors’ mind. Having such adept professionals on board with rich industry experience develops confidence amongst investors into your company’s future.

 

Angel Investors Want Good Return

Angel investors have many other mediums to invest their money like stocks, mutual funds and other financial instruments. However, when someone invests in any start-up, his/her expectation is much more than just getting money back after a stipulated period of time. Angel investors have high risk taking capacity and usually look for a much higher returns on their investment as they can get from the stock market. According to Allan Riding, a leading expert on angel investing- “For every dollar that an angel invests into a company, he or she would like to take seven dollars out, after taxes, in seven year.” Therefore, if your idea does not promise a good returns over a period of significant time then it create problem convincing your angels.

Related: Why Angel Investors are good for your Business?

 

A Full-proof Business Plan

Angel investors get attracted more towards a company that have a solid business plans which can help company to survive even in the tough times. Such investors want to see a developed vision for your company which can help it to flourish all the times. They want to see that you have given though to every detail required to run a smooth business like financial projections, detailed marketing plans, and specifics about market.

In totality, if you have an idea that has the potential to revolutionize the industry or has the potential to become an industry standard after some time can make the angel investors to believe in your idea. Therefore, do a thorough check about the feasibility and economic prosperity of your idea before pitching your idea in front of angel investors.

– Ashwini Deshmukh

Source: http://www.insightssuccess.com/7-tips-to-attract-angel-investors-towards-your-start-up
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Renowned Technology Giant to Introduce 3D Display

Bosch, a multinational engineering and technology company is currently working on a new technology that will allow users to view 3D images without using glasses. The company focuses on its future version of an in-car digital display system.

Bosch always remained a trendsetter for vehicle displays whether it’s of curved displays, freely configurable ones, or the ones equipped with organic LEDs, and now the company is about to bring 3D displays.

The 3D display is to be fitted with a passive 3D display technology which will enable the viewers to see all 3D effects without wearing 3D-glasses. This display will also include eye-tracking skip technology (in which it is not necessary to look at the screen from a specific direction to view 3D images), which remains a key feature for glasses-free 3D displays. The fundamental guiding principle used in most 3D displays provides instant and easily noticeable information so that the focus of drivers remains constant while driving.

Dr. Steffen Berns, the President of Bosch Car Multimedia states, “Displays are increasingly becoming interactive systems that can better anticipate drivers’ individual needs.” He added, “There is huge business potential for Bosch here.”

According to Bosch, 3D visual effects are necessary for in-car display in order to catch the attention of driver towards the crucial alerts, to view the exact area the driver is working on while parking the vehicle, and to recognize the accurate path, turns and corners while navigating through the navigation system.

Steffen further said, “The display’s depth of field means drivers can grasp important visual information faster, whether from an assistance system or a traffic-jam alert. Alerts that seem to jump out of the display are much more obvious and urgent.”

Market analysts are expecting a 2X growth from $15 billion to $30 billion in global vehicle display market by 2025.

Source: http://www.insightssuccess.com/renowned-technology-giant-to-introduce-3d-display
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Pro Marketing: 7 Ways to Boost Customer Loyalty and Retention Rates

Many entrepreneurs and business owners make one common blunder in their marketing efforts, and that’s focusing only on how to attract new customers. While the best marketing strategies can have low response rates, turning your attention to an already captive audience can deliver impressive results.

Your ability to retain existing customers can make or break your business. Studies show that people who have already made a purchase from your company are more likely to do so again. So along with trying to bring in new customers, work on a retention strategy that builds lifetime value for existing ones.

Here are some effective ways to do this:

  1. Learn What Customers Want – The first step to meeting anyone’s expectations is knowing what they are, and collecting this information has now become easier than ever. You can use online survey software to ask existing customers what they would like to see from your business, and then work on providing it to them.
  2. Set Realistic Expectations – While ‘under promise and over deliver’ is a popular business strategy, you need to deal with customer expectations realistically. Be clear about what people can expect, based on what you can consistently deliver. This way, you won’t burn out trying to always deliver more than you promised.
  3. But, Try to Exceed Them – Meeting expectations is great, but going above and beyond is even better. Whenever possible, aim for providing better service than you’ve promised, especially with existing customers. This is a great way to show them you value their business, and it also creates a stronger sense of loyalty to you.
  4. Prioritize Customer Service – Businesses with excellent customer service have better retention rates, simply because customer satisfaction is higher. Respond to queries, issues and feedback promptly, and if you promise a follow-up, do it in time. Being kind and friendly in your interactions will also be remembered!
  5. Reward Desired Behavior – If your customers are bringing in more business for you through word-of-mouth advertising, reward them for it. Set up loyalty programs with reward points or discount coupons for people who make repeat purchases, review your company online, share your social media pages, etc.
  6. Ask for Advice & Feedback – Be proactive about collecting feedback from existing customers and asking them for advice on how you can improve. Then, act on it. Along with helping you provide better service, this also makes customers feel valued and respected, thus strengthening their bond with your company.
  7. Increase Personal Interactions – In a time when everything is automated, the personal touch aspect can set you apart. Use first names while communicating with customers, send an email on their birthday, recommend products they might be interested in, and celebrate your successes with them as well. Keep in touch!

Brand loyalty means repeat business, which can have a huge impact on your bottom line. As an entrepreneur, give existing customers the same importance as new ones. The results will be worth it!

Source: http://www.insightssuccess.com/pro-marketing-7-ways-to-boost-customer-loyalty-and-retention-rates
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Technologies that Makes Education Easier

Education plays a vital role in everyone’s life. It enhances the ability to use language, numbers, images, computers, and such other means to communicate, understand, gain knowledge solve problems and much more. In this modern world, there are several means have been introduced that make the education interesting, easy, and approachable to all.

 

Other hands, technology also became an essential part of our daily life which is revolutionizing the world every day at every movement. All the industries are getting benefits of increasing technology whether its telecom, healthcare, education, automobile, IT, construction, or other. Here, few of the technologies have been mentioned that are transforming the education industry and with its help, both students and teachers both are getting smarter and literate.

 

Paper Tablet: It’s an amazing tech gadget for those who love to use paper for making notes, draw their artistic designs, maintaining dairy, and much other. The text area of this gadget seems like the paper instead of the screen which provides an unstressed visual to user’s eyes and one can use it as a paper-sheet infinite time. This gadget allows an individual to make files of the text, art, or whatever the one want to make use of it. This data is transferable to the other storages. It also allows the users to erase any errors and provides working-on-paper like feel.

 

Holography: Holography is a fabulous technology in which a 3D floating projection of an object. With the help of hologram, explaining concepts would become easier and interesting. Holography is the best technology for every industry as it allows the formation of a 3D view of an object in an empty space without using any display tool. The object with which user getting interacted using this technology would seem original and live in front of that individual.

 

Cloud service: Use of cloud service is the best way to keep important data secure and accessible from anywhere at any time. Instead of carrying the printed document along, one can have a scanned copy of the documents, notes, books, entire study material online. This data would be accessible from iOS and Android at any time and can be used by sharing online or by printing from anywhere.

 

Digital Learning: Digital learning has made education much comfortable than traditional methods. Students found it more interesting to interact with their friends online and make discussions using social media for the relevant topics. Students, as well as teachers, can be connected and get the solutions for students problems from the experts of the related concern across the globe. With the help of digital learning process, students even understand the precise use of gadgets and technology from an early age. Students can also browse for the elaborated process or the supportive theory behind the particular topic they are learning.

 

Gamification: Implementing gaming into education makes the study more interesting and motivates students at real time. With the application of the rewards system to education, it would be possible to engage the students with their studies longer than their regular involvement. Along with this, solutions for various problems can also be explained easily through gaming.

 

Many others are in the queue that is contributing in evolving the education industry such as Rocketbook, Smart backpack, Dragon Dictation, time management gadgets, and apps, Big Data, voice assistance, Printers and Scanners, and so on. For the betterment of the industry and to create the future mind smarter many techniques, technologies and gadgets would be introduced in the near future as per the requirement and demand in the markets.

Source: http://www.insightssuccess.com/technologies-that-makes-education-easier
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The 10 Best Work from Home Jobs

Gone are the days when you had to go to the workplace and work for at least 40 hours a week. Nowadays advancement in technology is allowing people to opt for the work at their convenient time and place. This work arrangement is creating a new breed of a workforce which is tech-savvy and is not bound by traditional silos. In fact, they find solace through working from home rather than a conventional office.

 

Contemporary studies have also confirmed that work from home shows a rise in productivity and lessen stress levels. This work arrangement is an advantageous deal for employers too. As employees will be working from home, employers will be able to reduce their expenses. The critical aspect of this work arrangement is to select your appropriate job area and put your best efforts into it.

 

That being said, we have acquired the 10 best work from home jobs for you so you can remain independent and work at your convenience.

 

If you have fluency in at least two languages, then it is the best freelance job for you. This job profile will ask you to translate files and various resources. Make a note that, sometimes translating can become a challenging task as you need to consider culture differentiation as well. Some companies ask for a bachelor’s degree while others do not hesitate to hire novices.

 

Organizations are in constant search of potential candidates who can talk and at the same time work on the computer. They need a customer service representative to assist their consumers via the telephone and to carry out tasks such as answering queries, orders, returns and so on. As these enterprises have taken their commerce online, they need enthusiastic, fresh and ready to help people who can work from home.

If you have those required skills, then this is the job for you.

 

This job profile may sound similar to the customer service representative, but it is not. This job profile deals with routine office duties like answering emails, handling calendars, entering data and support via social media. Small and mid-size corporations cannot afford permanent employees. That is the reason why they search for talent who can do their administrative work remotely.

If you possess potential to handle the administrative work, then this is the best freelance job for you.

 

Nowadays every business needs websites to reach their potential consumer. They also need an expert to update that website. This is where a web developer comes into the action. Building a website from scratch is an art. There are a lot of people in the market searching for skilled web developers. If you have a creative mind and possess web developing skills, you can grab the opportunity by applying to this fantastic job profile.

 

Want to make quick bucks online? Here is a job which asks you to listen to audio files and write down what you hear. You may describe this job profile as ‘too good to be true.’ But it is true! Moreover, transcription companies also hire inexperienced candidates as well. So, if you are looking to start as a freelancer, this is the easiest job you can start with.

 

As digitization infiltrated into various sectors, enterprises have gone online to meet the expectations of the new era. This had created vast opportunities for freelancers who wish to write and create new online content. Various companies are outsourcing their work and looking for creative and efficient writers who can transmit their information to the consumers.

If you have a passion to write news articles, generate content and if you love to play with words then stop worrying and start writing!

 

There is a dire need of skilled individuals in the market, who can design company logos, websites and create attractive visual ads. If you are a qualified graphic designer and also equipped with the necessary skills such as web design, typography, creativity, Adobe Photoshop, software and so on then your demand will definitely increase in the market. Moreover, the constant improvement in skills will get you more clients by word-of-mouth. Your earning will vary according to your expertise and experience.

 

As mentioned earlier, companies are eager to create their online footprint. They find social media as the fastest interactive platform which connects them to the consumers. Therefore, a social media manager can increase the visibility and growth of a brand with the help of his/her skills such as research, photography, data collection, writing, editing and marketing. Therefore, if you possess a knack for social media then you can easily create social media strategy on Facebook, Instagram, Twitter, Snap chat and other social media platforms and become a successful online social media manager.

 

There is a huge demand for excellent English communicators in the market. This is mainly because students all over the world are in dire need of English speaking trainers who can speak with them and help them to improve the language. This process helps students to improve their communication. Therefore, if you have a command over English and can speak other languages then it is a wonderful opportunity for you.

 

Last but not least, Affiliate Marketing! This is the easiest way to earn a passive income in the online arena. You will need to create a website which will get you sufficient followers and would allow you to reach a wider network. After this, refer a product on your website to your audience. Whenever someone clicks on that advertisement and buys that product, you will receive a certain commission from that advertised company. So, if you have the content to attract visitors for your website then affiliate marketing can give you a considerable income.

 

Work from home is a wonderful concept. It provides an opportunity to balance work and life. To make this true, technology is also changing and keeps getting better day by day. With sufficient skills and passion, anyone can earn any number of amounts from home. As they say, ‘Sky is the Limit.’