The future of retail lies in e-commerce. Every established retail store actively seeks to have an online segment as this can boost sales up to 40% with some hard work, dedication and time. All those desirous of starting an online business must be prepared to do business online as without it, they will seem odd and will be cutting into their own profits. There are a number of steps to...
From its very inception in 2008, Blockchain technology has had a substantial influence on the internet. The invention of blockchain led to the creation of Bitcoin, the world’s first cryptocurrency. The cryptocurrency exchange is a great example of how valuable blockchain technology can be. Many businesses are already considering launching their own profitable cryptocurrency exchange in...
Do you love travelling and want to make it your career? You can indeed consider starting your own travel agency. There’s no reason not to do it. The tourism industry in India has enormous potential, and with the introduction of new technologies, there is little doubt about its continued growth. People just go online for all types of travel solutions, from purchasing a plane ticket to...
When it comes to getting a startup off the ground, entrepreneurs have many things on their minds. Often, the first question that comes to mind is how to get funding for a business startup and when one should approach the investors? Persuading investors and getting them to sign the cheque is difficult because the majority of them are sceptical and critical. Investors know that only 10% of...
The process of bid management and tenders should be a well defined one in order to be mutually beneficial to both suppliers and vendors. A highly efficient and wholly balanced bid and tender management process results in the reduction of costs and managing risks and improves the quality of the supply chain at the same time. Before venturing out into the nitty-gritty of things, it is a good...
In today’s tech world, intellectual property plays a significant role. Patents are a critical asset for a startup as we all know. This is because a startup’s intellectual assets become its main differentiator and USP, giving it a competitive advantage and ultimately driving revenue. If the startup fails to collect and preserve its intellectual property, it may collapse because...
After the launch of the Non-fungible Token (NFT) market, the world has begun to view assets differently. Several collectibles’ enthusiasts saw the potential of this technology and quickly embraced it. NFTs are digital assets, which are recorded on the blockchain. Given the buzz surrounding NFTs, many celebrities like Tony Hawk, Grimes and Amitabh Bachchan have jumped on board and minted...
Are you a seasoned entrepreneur looking to give back to the startup community? Maybe you have a specific area of expertise in which you might offer assistance. At Coffeemug.ai, we believe in passing down the knowledge to help create the next generation of successful entrepreneurs. This networking platform is equipped with some of the best startup mentors in India and believes in supporting the...
From everyday products to food and medications, to patient wristbands in hospitals, barcodes have underlined their presence. Barcodes and barcode scanners have become indispensable instruments in today’s globalized economy since their introduction in supermarkets in the 1970s. Multiple industries use barcodes to streamline operations and improve data accuracy not just retail shelves and...
According to Indra Nooyi, former CEO of PepsiCo, “the difference between number one and number two is always a constant. If you want to boost a company, you must first improve yourself, and then the organization will follow suit”. This phrase represents the challenges of a CEO. Startups go through distinct stages, each of which requires a significant shift in the role of the CEO. It may be...
