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Harsh

Harsh Bharwani  |55 Answers  |Ask -

Entrepreneurship Expert - Answered on Oct 19, 2023

Harsh Bharwani is a fourth generation entrepreneur.
As CEO and managing director, he leads the international business and employability initiatives at the computer networking institute, Jetking Infotrain Limited.
After graduating from Delhi University, Bharwani joined the family business in 2010 and set up operations in the US and Vietnam.
He has trained over three lakh students in employability, confidence and key life skills.... more
Mahbub Question by Mahbub on Sep 23, 2023Translate
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Career

Hello Good afternoon sir, I am doing a job in a private educational institute, but I am interested in doing business, can I get some starting business ideas

Ans: Here are some starting business ideas that you can consider, keeping in mind your background in education:

Tutoring or Online Courses: Utilize your educational expertise to offer tutoring services or create and sell online courses. This can be in various subjects or specialized skills like exam preparation, language learning, or professional development.

Educational Consulting: Provide consulting services to schools, parents, or students on educational planning, career counseling, or educational technology integration.

Educational Content Creation: Create educational content, such as e-books, lesson plans, worksheets, or educational games, and sell them online.

Language Training: Offer language learning classes or create content for language learning platforms. Language skills are in high demand.

Educational Software Development: If you have programming skills, you can develop educational software, apps, or learning management systems for schools and institutions.

Career Counseling Services: Help individuals, especially students, in making informed career choices and developing career plans.

Educational Workshops and Seminars: Host workshops, seminars, or webinars on educational topics or skills development. Charge participants a fee to attend.

Online Bookstore: Start an online bookstore specializing in educational books, textbooks, and educational resources.

School Supplies Store: Open a store or online shop selling school and office supplies. This could include textbooks, stationery, and teaching materials.

Educational Event Planning: Specialize in planning and organizing educational events, such as conferences, workshops, and academic competitions.

Educational Blogging or Vlogging: Share your knowledge and insights on educational topics through a blog or YouTube channel. You can monetize through ads, sponsorships, or affiliate marketing.

Customized Educational Products: Create and sell customized educational products like school uniforms, educational posters, or graduation memorabilia.

Educational Toys and Games: Design and sell educational toys and games for children that promote learning through play.

Online Education Platform: Develop an online platform for educators to create and sell their courses or a platform for students to access educational content.

Educational Franchise: Explore franchising opportunities in the education sector, such as tutoring centers or educational service providers.
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Financial Planner - Answered on Mar 03, 2024

Asked by Anonymous - Mar 03, 2024Translate
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I'm contemplating a career change in my late 30s, earning Rs 14 lakhs annually. How can I navigate this transition while ensuring financial stability and working towards long-term goals such as retirement?
Ans: Transitioning to a new career in your late 30s while maintaining financial stability and planning for long-term goals like retirement requires careful consideration and planning. Here are some steps you can take to navigate this transition effectively:

1. Assess Your Skills and Interests: Reflect on your skills, interests, and values to identify potential new career paths that align with your strengths and passions. Consider seeking career counseling or taking career assessment tests to explore different options.

2. Research Potential Careers: Conduct thorough research on the industries and roles you're interested in pursuing. Look into job market demand, salary potential, and growth opportunities to ensure your chosen career path is financially viable.

3. Skill Development and Education: Determine if you need to acquire new skills or education to transition into your desired field. This could involve enrolling in courses, obtaining certifications, or pursuing higher education such as a degree or specialised training programme.

4. Financial Planning: Evaluate your current financial situation and create a budget to understand your income, expenses, and savings. Factor in any potential changes in income or expenses associated with your career transition. Consider setting aside an emergency fund to cover unexpected expenses.

5. Debt Management: If you have any outstanding debts, develop a plan to manage and pay them off efficiently. Prioritise high-interest debts like credit card debt while maintaining minimum payments on other loans.

6. Retirement Planning: Review your retirement savings accounts like the EPF, and assess whether you're on track to meet your long-term retirement goals. Consider consulting a financial advisor to develop a personalised retirement plan based on your age, income, risk tolerance, and retirement objectives.

7. Health Insurance and Benefits: Evaluate the health insurance and other benefits offered by your new employer, if applicable. Ensure you understand the coverage provided and any associated costs. If transitioning to self-employment or freelancing, research options for obtaining health insurance coverage independently.

8. Networking and Building Connections: Network with professionals in your desired industry to gain insights, advice, and potential job opportunities. Attend industry events, join professional associations, and leverage online networking platforms like LinkedIn to expand your network.

9. Side Hustle or Freelancing: Consider starting a side hustle or freelancing in your desired field while maintaining your current job. This can provide additional income, valuable experience, and a smoother transition into your new career.

10. Evaluate Risks and Rewards: Assess the risks and rewards associated with your career change, including potential income fluctuations, job stability, and work-life balance. Be prepared to adapt and make adjustments as needed throughout the transition process.

By following these steps and carefully planning your career transition, you can navigate the change while maintaining financial stability and working towards your long-term goals, including retirement.
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Dr Karthiyayini

Dr Karthiyayini Mahadevan  |599 Answers  |Ask -

General Physician - Answered on Mar 03, 2024

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