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This is how you dress for a job interview, and land an offer

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BUSINESS

Chandigarh could become the next big startup hub, says Saumil Kohli

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Chandigarh

 With the fast-paced growth of Indian startups, we can now see several metro cities are flourishing. Many of these startups are on the stage of building, whereas the others have already been established. 

Several years from now, we can see that India will be grown into a full-fledged startup hub welcoming all sorts of entrepreneurship skills. This wasn’t the concern a few decades back. People were still skeptical than to start their businesses, probably something different than the conventional ones. Later, the people started to take up startups seriously, looking at their benefits, and it became popular.

Metro cities in India like Delhi, Mumbai, Chandigarh, Bangalore, etc., are home grounds for the startups. These cities contribute at least 70% of the total startups in India. Due to the location of several prominent education institutions in these cities, more youth live here, which in turn contributes to such a large number of startups being here.

The emergence of startups in Chandigarh.

The emergence of eight startups in 2018 has proven that the Indian ecosystem is gaining momentum. With so many government efforts pushing young talent to do business, the nation has seen many unexpected things happen to solve real problems over the years.

With Bengaluru rushing to become the country’s first country, regions such as Delhi-NCR, Mumbai, and Gujarat are set to take over. Contrary to popular belief in Punjab, known as a business community, it lacks space. The state has registered more than 140 startups with the Department of Policy and Industry (DIPP) since August 2018. The number is increasing every day.

Being the center of the Punjab and Haryana, Chandigarh, in particular, enjoys some attention from small business owners who want to enter the world of origin. The recently launched 2018 Launch by DIPP, the city was ranked among the startups. However, the potential for regional growth is acknowledged.

Saumil Kohli, an IT professional from Chandigarh, says, “Not only the government of states like Delhi, Bengaluru, and such metro cities have taken steps in ensuring the proper implementation of startup plans in the states, but the Punjab government has also ensured the budding entrepreneurs for startups.” Recently the Punjab government has announced the construction of 10 startup incubators in the state and promised to fund 1000 startups in the coming times.

“Chandigarh is still the favorite choice of entrepreneurs for establishing a startup, Mohali is also gaining popularity. It has been declared as the IT hub, and in the coming years, we can see Mohali competing with Bengaluru in terms of IT firms. WizIQ, Edurev to Jumbo Basket and Pumpkart, Mohali has already started to build some amazing startups and several coworking spaces have also come up in the city”, Saumil adds further.

The emergence of startups in Chandigarh.

The Tricity – Mohali and Panchkula, Chandigarh is emerging as the center of the IT sector in modern India. This popular ‘Tricity’ is home to many international products that thrive in modern-day India.

Saumil Kohli, an IT professional from Chandigarh, says, “As software and IT service companies are already gaining the public’s attention, young entrepreneurs/women are expected to enter the industry, determined to establish a strong first base in Chandigarh.”

Startups and Chandigarh can be talked about simultaneously due to the long-term regional encounter with the businessman. For example, Flipkart’s Binny Bansal’s belonged to Chandigarh, which influenced and encouraged several other young entrepreneurs to pursue their dream business.

“Chandigarh shares its boundaries to Punjab, Haryana, and Himachal Pradesh, attracting many investors from these states. The availability of a growing number of enthusiastic and talented people is also willing to try new opportunities and roles, serving as one of the biggest benefits the city sees.”, says Saumil.

Chandigarh’s education industry has undergone a major transformation, which has proven successful and successful adoption at the regional level. Success speaks for the city leading to new education investment investors invading the region by starting an education business.

Therefore, Chandigarh has great potential to become the country’s next startup hub. The road is probably not so simple that it comes with several challenges that need to be addressed before it can be achieved as a product.

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BUSINESS

7 eCommerce Operations Strategies to Ace the Omni channel Experience

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7 eCommerce Operations Strategies to Ace the Omni channel Experience

The eCommerce business is trending worldwide. Wonder why else the world’s richest person would be from the e-commerce industry? Most people prefer shopping online from websites like Amazon, eBay, Ali Express, and so. People who were traditionally confined to shopping from the regular market are switching to the online shopping mode. 

According to Brainvire, a leading eCommerce development company the reasons for the preference for eCommerce are obvious. Firstly, customers get better deals by shopping online than from the local market. Secondly, they can browse all the products from the category before finalizing the purchase. Also, shopping online has a range of benefits that someone does not get from the local market. One of them is doorstep delivery; this was the biggest reason why most people switched to the online shopping mode during the COVID-19 lockdown period. 

For this reason, most businesses also sought the importance of going digital and increasing their digital presence. This way, they offered sales online as well as from their store outlets. Moreover, the digital presence also helps these firms in marketing themselves online. 

Thus, the omni channel eCommerce business model is the most beneficial, which has been accepted in 2020.

7 eCommerce Operations Strategies: 

Here are seven eCommerce operation strategies that will help you get the most out of your omnichannel business model.

  1. Aim big yet go local

Most brands aim to go global and set a strong foothold in the international market. Hence, some of them also go for different websites for the country and global levels. However, some firms, in their pursuit of making their brands a global leader, often tend to forget the country’s local needs and needs. 

Things like a local website with the local language can be the best way to meet the local as well as global pursuits of your business.

  1. Make your brand unique

Not all businesses are lucky to have a monopoly in the market, and most companies have to go through tough competitions. A firm needs to have a good brand voice. 

You can make a brand voice by checking and improving the current content on your website, social media pages, blogs, and so on. 

Another essential factor to consider is to change along with the time. As you have upgraded yourself from a physical store to an omnichannel, it is important to upgrade with the passing time. 

  1. Optimize your website for mobile 

The online business is mostly dominated by smartphones. Most people who shop online do so using their smartphones. Therefore, smartphone eCommerce outweighs that of laptops and desktops. Customers get discouraged due to the slow loading time of a website. 

Making the website as responsive and mobile-optimized as possible will be the key to a better e-commerce experience for your customers.

  1. Use digital marketing options well

Customers won’t stumble across your website unless you are a well-known brand. There are ways to increase the traffic to your website, either organically or inorganically. SEO, i.e., intensive use of blogs and paid search engine results, are the two main options for you. 

You can also put videos and intriguing articles on your social media sites. Using digital marketing options will help you increase brand value and revenue. 

  1. Make use of user-generated content

Apart from making use of the digital marketing options, optimizing other modes like user-generated content, i.e., feeds by the users with elaborate stories of satisfaction with a brand and its products, can help you get better customer engagement.

Many brands have used platforms like Instagram to the fullest of their benefits with the help of user-generated content. 

  1. Using discounts and coupons well

Customers are always in the pursuit of better deals. Using discounts, coupons, and promotional offers are the best way either to attract them or to keep them attracted to the brand. Therefore, using promotional offers helps increase revenue or retains customers. 

You can have good promotional offers for new customers and separate discount offers for loyal customers and increase brand value and revenue.

  1. State clear buying guides

Buying guides for the season help customers in two ways; firstly, they help the customers know what the things they need to purchase and make the purchase convenient for them are. 

It is worth noting that the buying guide does not promote sales but is insightful for the reader to purchase their required product in the right quantity. It also enlists the differences between two or more products from the same category. Therefore, it helps a customer make a sound buying decision.

Conclusion:

Due to the multifaceted nature of omni channel, you have adopted a future-proof business model. You can get better sales both online as well as in the traditional method. With the help of these omni channel strategies, you can give your business the right push it needs. 

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BUSINESS

Find Your Best Loan Installment Plan

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Find Your Best Loan Installment Plan

Best Loan Installment Plan

An ‘installment loan’ applies to the vast majority of both personal and commercial loans extended to borrowers as a large general phrase. Installment loans include any debt that is repaid with deposits or installments that are periodically scheduled. The redemption of a part of the principal sum lent and thus the charge of interest on the loan shall be included with any payment on the installment debt.

Mortgage loans and car loans are forms of installment loans. Many installment loans are fixed-rate loans, aside from mortgage loans, which are variable-rate loans. They are paid an interest rate that is constant from the period of borrowing for the lifetime of the loan.

Types of Installment loans:

Installment loans are known to be two of the more popular forms of loans that people take out. Both types of installment loans are car loans, rentals, personal loans, and student loans.

Mortgages:

If auto loans are for purchasing vehicles, mortgages are for owning a home. Many mortgages generally have a maturity period of 15 to 30 years, as well as a fixed interest rate and defined regular payments that don’t really alter.

Loans for Personal Installment:

Consumers looking to consolidate revolving debt or pay off current credit card debt typically utilize personal installment loans. It is also necessary to take out these loans to support marriages, holidays, or other luxury expenditures. Personal loans should be used as a building stone for long-term financial purposes, such as building credit, in comparison to payday loans, which are used mainly for financial crises.

Loans for Auto:

Auto loans are a type of installment loan that is supposed to be utilized while preparing to buy a vehicle. This kind of loan is usually repaid within a range of 12 to 96 months. Take notice, though, that not all lenders have monthly installments of the same length.

Benefits of Installment loans:

There are many explanations why several individuals, including repayment length, higher credit cap, and successful use as some of its advantages, favor installment loans over any other form of a loan. In particular, here’s a roundup of the reasons why you may be the best with an installment loan.

Support your credit score build-up:

You would also be allowed to repay if you have a poor credit score. In reality, it would allow you to build up your credit score by borrowing money and keeping to your repayment plan. This would boost your odds in the future of having decent interest rates.

Fewer interest rate:

Installment loans often provide the security of ensuring that by a defined date the mortgage will be paid off. Your mortgage can be paid off in full once you have finished paying the number of payments needed by the lender. You will get out of debt quicker and would definitely pay less interest if you get a loan for the shortest payment period you can realistically handle.

Financial Burden Reduction:

Being willing to take out a personal loan would financially take the pressure off you. Since money problems will trigger great tension, there’s one less thing you’ll have to think about. Your loan may not be anything to think about as long as you are borrowing within your budget.

The borrowing limit is high:

Since installment loans have a more extended maturity period, you will be granted a higher credit cap by banks and other lenders. When you need a huge sum of capital, particularly during crises, this is extremely beneficial. Plus, the risk of qualifying for several loans in the future is eliminated by a greater credit cap.

Be sure you accept the terms and conditions of the loan that you commit to if you are seeking an installment loan. If you appreciate what is being sold, with your unique case, you should carefully shop around for the right installment loan.

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