Business Veda

“Raising funds is a time consuming and painstaking process as there are many strings attached to it”- Malay Damania. The decision to start a business is challenging and daunting as you need funds to establish and grow a business. Only 1% of startups manage to raise and get equity funds. Tune into this episode as your host Malay Damania shares the art of bootstrapping and how to successfully manage...

“It takes time to establish and give shape to your business. Lay a strong foundation and allow it to mature” - Malay Damania. Do you want to know how long it takes to build a profitable business? Are you confused about whether to focus on the top line, or is it the net profit of the business you should worry about? In this episode, your host Malay Damania explores the factors determining the timel...

“ Women entrepreneurs can not only support India's economic ambitions but also multiply the chances of employment and revenue generation for more holistic development.” - Malay Damania In the last couple of decades, we have seen a surge in women entrepreneurship in India. The growing participation of women in the entrepreneurial landscape is certainly a positive and encouraging development for us....

“Businesses that fail to innovate are left behind. In today’s time only sustainable business model strategy is able to attract and retain customers”- Malay Damania It is a good idea to constantly think about how you can improve your product and provide value to customers. A business model innovation involves fundamental and strategic thinking. Key Takeaways Enhance your model of innovation by thin...

“SWOT Analysis can help you to understand your own business in a better way”- Malay Damania. Have you ever conducted a SWOT Analysis of your business? Do you know what SWOT Analysis stands for? For the uninitiated, the SWOT stands for Strength, Weakness, Opportunity and Threats.  In this episode, your host Malay Damania shares the importance of SWOT Analysis and what impact does this have on your...

“I strongly believe that feedback is one of the elements through which you can grow your business stupendously.” - Malay Damania Having a system in place to collect customer feedback is critical for any business. It helps you to understand if you are meeting customer expectations and whether you need to tweak your products and services based on the voice of customer. In this episode, your host Mal...

On average, about 20% of the small businesses fail during the first year itself by the end of the fifth year, roughly 50% have faltered. After 10 years only about one-third of the business ideas survive the long game. This information is according to the US bureau of labour statistics. In this episode of the Business Veda Podcast your host Malay Damania is discussing why so many startups fail and...

“The life we end up with is the accumulation of choices we make” - Malay Damania. Reading books adds a lot of value in one’s personal and professional life. It enhances your creativity, keeps you up-to-date with new trends and helps you learn new things. In today’s episode your host Malay Damania shares three key lessons he acquired from reading a wonderful book called, “The Compound Effect” by Da...

“AI is disrupting the core of living life in general and primarily businesses”- Malay Damania. Artificial Intelligence is not a new concept but currently it has been incorporated into a lot of sectors and industries. It is changing the operation of business processes. Key Takeaways The biggest benefit of AI is automation. The algorithm can automate routine and repetitive tasks, leaving extra time...

“Your people are your biggest assets. Your client facing people can give you real insights into your customer’s needs and requirements”- Malay Damania. Evolving your business with time is crucial. Sometimes entrepreneurs feel that they don’t need to change if things are working for them because let’s be honest, change can be challenging and emotionally draining. But businesses who pivot, adapt and...

Join your host Malay Damania in this exciting and insightful episode with guest Piyush Bhatia who is the founder of B.M English Speaking Institute. Piyush shares his journey of how he got an innovative idea of starting his own coaching business when he checked a Wikipedia page in 2003 where he realized only 1% of the India population knows how to speak correct English. He made teaching English his...

“The only differentiator between your dreams and you are your actions.” - Malay Damania Most people just wait for the right time to begin anything. Are you also someone who waits for the right time to hit the gym, start a guitar class, learn investing or start your business? If you answered yes to even one of those questions, then this episode is for you. In this episode, your host Malay Damania t...

“End of the day we are emotional beings and we get carried away with trends”- Malay Damania. Tune into this insightful episode where your host Malay Damania is in conversation with Sharad Sharma who talks about the most essential points to consider while investing in the stock market. Key Takeaways People go through a lot of biases while investing in the stock market. For example, they buy when th...

“Keep posting consistently to get engagement from your target audience. Eventually, people will be more inclined to accept your offer” - Malay Damania. In this episode, your host Malay Damania shares the importance of having a digital presence. He talks about the shift in the buying patterns of the consumer. Earlier customers had lesser knowledge and spent little time knowing about a product, but...

“SOPs serve as a guiding light to the operational and other departments of the company. It ensures that when a customer walks into your office, they get seamless, speedy and consistent service” - Malay Damania. In the last episode, your host Malay Damania shares a step-by-step process of creating an SOP. In this episode, he shares the prime benefits of having an SOP for your business.  Key Takeawa...

SOPs will allow you to give predictable and consistent customer service, retaining them giving you repeat business.” - Malay Damania. Do you have a process that helps you to deliver consistent, similar and superior service to your clients? If not, you need to create a Standard Operating Procedure for your business. In this episode, the host, Malay Damania, explains why it is essential for your bus...

“Track your number regularly to understand your business better. See where it is heading and get an idea of the pitfalls and challenges to fill the gaps to have a better grip on your business.” - Malay Damania Do you track your business numbers regularly, or is it something that only happens annually?  In this episode, the host, Malay Damania, explains why it is crucial to track your business numb...

“Ignorance is no bliss. Ignorance is illiteracy, and knowledge is supreme”- Malay Damania. Do you remember how our parents and teachers always told us to read more? But most of us chose to watch television regularly instead of cultivating a reading habit. In this episode, the host Malay Damania encourages the listeners to get back to reading more and the massive advantages it can have on your busi...

“Stop focusing on the rate of interest. Instead, focus on the rate of saving” - Malay Damania Isn’t the latest buzzword INVESTING? But how many of you know how to invest and where to invest? Feeling confused? Then, join us in this insightful episode where the host Malay Damania is in conversation with Sharad Sharma to discuss investing in the Indian Stock Market, which is at an all-time HIGH. Key...

“The best way to ensure productive results is by organizing structured meetings with your team; these are of great value both to the leader and the team members.” -Malay Damania The question of why our team isn\'t achieving the results we expect might have puzzled you for some time. Perhaps you thought that if you had a great team and talented people around you, you would delegate work and they wo...

“As a business owner, you must keep a watchful eye on all your borrowings and constantly work on removing or at least reducing overall borrowings.” -Malay Damania The goal of a business is to earn profit, but finance costs can eat up our profits. We need to keep an eye on the borrowings so that we can build a profitable business that generates enough surplus to fulfill our dreams. In our previous...

"It's your duty as a business owner to ensure that your company is adequately funded, which means neither the shortage of funds nor the excess of it." - Malay Damania As entrepreneurs, we all understand how borrowing and the interest costs associated with it affect our cash flow and profitability. If we try to overlook and disregard this financial cost and the cash flow, then it can turn into a to...

“Challenges will always exist; they are part of our lives. The difficulty is to train your mind to constantly try and seek other ways to achieve your objectives.” -Malay Damania A lot of people are pumped up to accomplish their goals and targets, but as soon as they encounter an obstacle, they give up. Is there something about perseverance we can learn from ants? Indeed, these tiny creatures can g...

“If you work on someone else's agenda, you will always run out of time to do your own stuff, so never say yes when you are actually wanting to say no.” - Malay Damania How many times do you work on someone else's agenda instead of setting your own? How frequently do you end up doing things that are completely different from your to-do list? Well, if your answers are ‘quite often’ to these question...

Ready to stir your brain and tickle your mind to get ideas and insight that can help you expand the horizon of your business reach? Then jump right into this week’s episode of Business Veda.  Today, we will talk about the much-hyped topic of ‘Creating your niche. Unlike many corporations that cater to the masses, niche businesses offer services to highly specific markets that are overlooked or und...