Tips to Get the Right Idea for Your Start-up

When it comes to starting a new business, the most common question that pops up in people’s mind is how to get the right idea to get business off the ground. Business involves a great amount of investment, which is why careful deliberation over a niche you choose for your business is extremely crucial. Not only you have to focus on what is propitious but also you have to analyse your skills and interest.

Coming up with a business idea requires extensive research; you must know about the trends, longevity, demand and above all your finances. Not all business niches can fall within your budget. You will have to maintain the balance between both. However, you can take out payday loans from direct lenders with no credit check from AOneFinance if your savings a have fallen short of cash. Here are the tips to get the best business idea for your start-up.

Your idea must aim at solution to a problem

Of course, you will not choose a niche at which you are not good at all. Jot down things that you would like to do and would not like to do in your business life. Once you have prepared a list, find out which will serve you most of the satisfaction. Focus on the idea in which you have interest. For instance, you have decided to deal in jewellery. 

Well, it does not mean that you are going to open a jewellery store where you will wait hours for a customer to call on your shop. This is just a category. Now brainstorm everyday problems that revolve around it. For example, people have jewellery but they do not have jewellery stand. From there you get the idea. 



If you design jewellery boxes and tie up with stores to sell them to their customers. You will be able to earn commission, and once the demand of your product soars, you will be able to sell them online through Amazon.

Create a market of your idea is unique

You can come up with a business idea that is unique and has no market at all. Perhaps you would have identified a thing that could be a problem down the road. This futuristic vision will help you in the long run. 

Proactive approach is always welcome in the business world. Create a market by letting people know about the futuristic problem as well as the solution you are ready to provide them beforehand. For instance, the level of carbon dioxide and carbon monoxide is on the rise due to consumption of fuels at large scale. 

A car manufacturer company can introduce new models that consume either less fuel or run on electric battery. Another example is if you are dealing in cosmetic product line, you can manufacture a product that does not let makeup evaporate in sweat. Proactive approach will help you prevent the problem before it arises, which is a must for a successful business.

Think how you can make people’s lives easier

Coming up with a unique business idea does not mean that you have to manufacture a new product. In fact, you can add new features in the existing product. You just have to think how you can ease your customers’ lives. There are numerous products around you. You can pick any of them and think how you can add new features to them.

Find what people are looking for on social media

You must know who your target audience is and what they need. Social media is the best platform that can help you about their needs. Join communities and forums, ask questions and discuss problems. Before finding a solution to a problem, you must know what exactly the problem is. 

Once you have given the solution, do not forget to take their feedback. Whether your product served their needs or not. Ask them what problems they had while using your product and then work out to remove flaws.

Consider your hobby into turning a business

Not all businesses aim at providing solution to a problem. A jeweller or an owner of ice cream parlour does not provide solution to a problem. They are doing that business as they want to do it and they are good at it. The ultimate goal of any business is earning livelihood. Why not turn your hobby into business if you can do it? 

Identify inherent talent and use it to earn money. If you think that you can become a language trainer, you should open your own institute. If you think you have writing skills, you should try to become a novelist or freelance magazine writer. Over the time, you will be able to open your own publishing house and have a team of editors and writers.

If you want your business to be successful, you should identify your skills and talent. Do in which you are good at.

How an Idea Becomes a Marketable Product

For the world’s leading entrepreneurs, it is no secret that the first step towards creating any life-changing product is to formulate and develop a winning idea. 

While turning that winning idea into a marketable product may seem like an intimidating process, the truth is that adequate time and preparation in the product development process can allow you to succeed in ways that you may not have believed possible.

The Importance of Research and Development in Product Realization

Even on a small scale, a solid approach to research and development in the early stages of concept revision can significantly boost the likelihood of a product’s success. Putting effort into market research will enable you to better understand the potential place of your product within the current marketplace. 

A person who develops an idea for a new mobile app may wish to see if similar applications already exist, where they are sold, and how much customers pay for their use.

By understanding the landscape in which you will market and sell your new product, you can give your product a better chance at thriving in a competitive market.

Sourcing Quality Product Components

It isn’t enough that your product have an attractive outer casing or flashy marketing gimmick; you’ll need to ensure that you’re building a quality product with quality components. 



Just as you would want to use the best ingredients available to you in order to cook a dinner for your family and friends, you’ll want to ensure that your product is built with the best components available in your price range.

Make sure the components central to your product, such as rigid flex circuit boards, batteries and other electronic necessities, will adequately fulfill the needs of your customers and will last more than a few months. Without a functional and reliable product, your idea will stand little chance of winning over buyers in the long-term.

Seeking Feedback

Whether you’re seeking advice from trusted mentors or scheduling full-scale focus groups to study what the public thinks of your product idea, seeking feedback is a vital step towards understanding the strengths and weaknesses of both your concept and your marketing plan. 

When you solicit the viewpoints of others, you’ll allow yourself the chance to spot design or conceptual flaws that might otherwise derail a successful product launch. Instead of waiting for your product to hit the market, use feedback to prepare in advance for any hiccup that may arise in the development and marketing process of your product.

Turning a great idea into a great creation is often a product of time, effort and responsiveness to the needs of customers. With the right approach to research, product components and critical feedback, you’ll find that a successful product launch is well within your abilities.

Financially Overwhelmed? 4 Tips for Keeping Your Monthly Payments Organized

Staying on top of your finances is important, and a big part of that is making sure that all of your monthly payments are paid as they are supposed to be. It’s easy to become a little overwhelmed with this, but these tips will help a lot.

Write up a Budget

It’s going to be hard for you to pay your bills if you don’t know how much your bills are and if you don’t set aside enough money out of your paychecks to pay them. Tally up all of your bills, from your online property tax payment to your average electric bill and your mortgage or rent. 

Then, make a plan for how you are going to afford all of the payments. Make sure that you leave room in your budget for other expenses, too, such as food and gas.

Use Autopay

When possible, consider signing up for autopay with your creditors. This is a good way to make sure that you don’t forget to pay a bill, and you will not have to worry about the hassle of actually physically paying it each time. Plus, many companies actually offer some sort of discount or incentive for customers who sign up on autopay.

Use Online Bill Pay

When autopay is not an option, consider at least using the online bill payment system that your creditor offers. Then, you do not have to worry about leaving the house or making a phone call to pay your bills. 



You should be able to pay them at any time of the night or day, whenever it is most convenient for you. This can make your life a whole lot easier when it comes to paying your bills.

Keep Documentation

Make sure that you keep receipts and confirmation numbers of the bills that you paid. This will help you balance your bank account and keep better track of your spending. 

Plus, if something goes wrong and you aren’t credited for making a payment, you will have proof that you did pay your bill. This can really come in handy if you have a problem with a bill later on.

If you’re having trouble keeping up with your monthly payments and keeping your money organized, then it’s time to make some changes. With the help of the tips above, you can take back control of your finances. In no time, you may find that you are in a better financial situation.

5 Ways to Get Personal Loan Even with Bad CIBIL Score

Personal loans are easy to avail when you meet all related eligibility criteria. One of the most important factors when considering creditworthiness is your CIBIL score, which is your credit rating. Generally, poor credit scores disqualify you from availing loans. However, there are certain tricks that makes personal loans for bad credit possible.

If you need a personal loan with bad CIBIL score, you can try these workarounds to get the financial help.

Take the loan jointly

When it comes to personal loans for bad credit, the best alternative is to opt for the loan together with another friend or family member. Ensure that the other member’s CIBIL score is at least 750. In this manner, you can bypass your poor credit rating and receive the loan amount from the lender.

Check for errors on CIBIL rating

In some cases, the CIBIL score may fail to show your actual creditworthiness. This generally happens due to a mistake during the CIBIL score calculation. Ensure such faulty scores do not hamper your chances of availing a personal loan. Double-check all the details you provide on CIBIL, such as the PAN number and credit history information.

Enquire about associations between lender and employer

Salaried employees working for reputed companies or organization can check whether their employer has a tie-up with the NBFC in question. You can exploit this connection to avail a low CIBIL personal loan. Financing companies often prefer lending money to employees of such esteemed companies.

Look for other lenders

The eligible credit score for availing a personal loan varies between different lenders. Some NBFCs may offer such loans on lower credit scores as well. Therefore, you should look at all available options. 



You may find a lender whose eligibility criteria you can match. Personal loan eligibility calculators will help you determine whether you can avail a loan or not.

Reinforce your application with a collateral

In general, personal loans are unsecured financial products. You cannot pledge an asset against the money you borrow. However, some financing companies may allow you to do so if you are looking for personal loans for bad credit. Check whether your lender has such provisions in place.

However, improving your credit score is the best way to ensure a fast and hassle-free personal loan approval.

Methods to improve CIBIL rating

• While using credit cards, keep in mind that you should spend only as much as you can repay within the billing date for the card. Unpaid credit card bills hamper your credit rating.
• If you are already repaying a loan, ensure you make EMI payments on time every month. Late payments or defaults will adversely affect your CIBIL score.
• In some cases, the credit score on your CIBIL account does not reflect your credit rating but that of someone else’s. This may happen due to an error on your part while entering your details or due to other reasons. Rectify these mistakes as soon as you notice them to improve your credit rating.
• Rather than looking for a personal loan for bad credit, you can try to improve your CIBIL score by increasing the credit limit on your credit card. High credit limit results in a better first impression about you on lenders.

NBFCs provides pre-approved offers, which makes the loan availing process simpler and faster. These offers are available across both secured loans, such as home loans, and unsecured loans, namely, business loans and personal loans.

So, do not stop looking for a personal loan for bad credit. You will either find a way to avail such a loan with poor CIBIL score or improve your credit rating in the process.

4 Tools to Help You Choose between Great Job Offers

Receiving multiple great job offers right around the same time is certainly an enthralling experience. However, this boost of confidence might be met with some stress when you realize that you now need to pick between them. Pursuing some useful avenues and tools can help to make this decision smoother.

Pros and Cons List

Making a list of pros and cons is an effective way to generate productive decisions. You might think that you’re running through all of the positives and negatives in your mind, but seeing them written out on a sheet of paper can really help you to recognize the decision that is best. 

For example, when you write out each pro and con, you may see that one job is abundant in benefits while the other is swimming in reasons that make it suitable for rejection.

Advisor

You should also talk through your ideas and dilemmas with a person whom you consider as an advisor. Think about to whom you turn for guidance when you typically need to reach resolutions. 

You might generally seek out support from your parents or grandparents, or you may have an old teacher or a spiritual advisor who has provided you with tremendously useful perspective on challenging situations.

Financial Tools

When you’re working, you should feel happy and fulfilled in the chosen position. However, you also must ensure that you are making enough money to support yourself and your future dreams and goals. Therefore, using financial tools can help you to decide which job is better for your bank account. 

You should review elements of the offer that involve finances, such as the salary, benefits and so forth. Also, you should set up an appointment with an accountant or a financial advisor to gain a sense of your specific situation.

Online Reviews

You should also look at online reviews of the companies, and you can check out two different perspectives. In other words, you can look at reviews that come from current and former employees and ones that are written by customers. The latter set will help you to get a sense of what working at the company might be like, and the former et will introduce you to some of the scenarios and issues you might have to work with.

When you receive great job offers, you’re likely quite excited. However, you don’t want to wait too long to accept one, or the offer might disappear. Therefore, put these tools and techniques to work to decide in an efficient fashion.

4 Small Home Fixes That Become Big Expenses If Left Untreated

Are you taking proper care of your home to avoid needing expensive repairs? Owning a home is a big financial responsibility, but you must also make sure that the materials and equipment of the building are in the best condition.

Small Holes in the Siding or Roof

If your home’s roof or siding has tiny holes, then mice, wasps or other pests can squeeze through the openings to infest the building. 

After vermin enters the roof or the siding of a building, the pests can cause damage from body waste, consuming drywall or building nests for young. 

Filling the small holes is simple with liquid caulking, and you can do this on your own or you can hire a handyman to perform the chore. Make sure to inspect your home’s exterior at least twice a year to find the holes that you can cover or fill.

Replacing a Home’s Air Conditioner

It is essential to have an air conditioner in your home, but if you forget to care for this equipment, then you could have a big expense later. Changing the filter in air conditioners is an easy process, but it is amazing how many homeowners fail to complete this chore each month. 

This leads to an air conditioner that is covered with household dust, causing the equipment to overheat. Make sure to buy a filter that is the proper size, and you can use a high-efficiency particulate air filter to remove the tiniest particles of dust and pollen.

Are the Windows of Your Home in Perfect Condition?

If you are ignoring the tiny chips or cracks that can occur to a home’s windows, then you can require an expensive repair later. Cracks and chips occur on windowpanes for a variety of reasons, including having birds fly into the windows or when your children throw a ball against the window. 



When you delay making a repair to the window, the glass can break at an inopportune time from the strong winds that can occur during a rainstorm. This will lead to an additional expensive repair to your home from the damaging rainwater.

Ignoring Plumbing Leaks in Kitchens or Bathrooms

Make sure to inspect the plumbing fixtures in your home, including the toilets, sinks or bathtubs. You should also check the pipes that are near a laundry room or in other areas such as the basement. 

Don’t forget to check your home’s water heater for leaks that can occur from this appliance’s tank or intake pipes. If you find any moisture from the pipes or connectors, then fix the item on your own or contact a professional plumber right away.

Have a Home Maintenance Schedule

One of the best ways to make sure that you home is in perfect condition is to have a maintenance schedule so that you won’t forget to perform inspections of the various things that can degrade.