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Baqar Iftikhar

Baqar Iftikhar Naqvi  |112 Answers  |Ask -

Start-up Mentor - Answered on May 06, 2024

Baqar Iftikhar Naqvi is the founder and CEO of Upriver Ecommerce, an online sales accelerator firm and can guide entrepreneurs on how to make their firms grow.He holds a BTech in textile technology from the Central Textile Institute and has a master's degree in marketing and merchandising from the National Institute of Fashion Technology.He has 23 years of experience in the consumer products and retail industry.... more
Satyanarayana Question by Satyanarayana on Apr 26, 2024Hindi
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Respected Sir , I am at the Age of 76 Years. I am having a small shop at a Prime location . I want to start Nuts and Dry Fruit Shop with the Help of an employee. Kindly suggest me pros and cones of the Said Business.

Ans: Sir, start this if you can actively manage this and have a trusted employee, else it is not an easy task to make a shop profitable. Also, dry fruits is a very commoditised business, where skills lie in purchasing at the right price. Please evaluate if you have these.
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Asked by Anonymous - Oct 30, 2023Hindi
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Hello sir. I want to start a bakery business at some location. I don't know how to evalutae the location and maket research for that particular business. What should i do sir.
Ans: Hey! For Starting a bakery business is an exciting venture, and evaluating the location and conducting market research are crucial steps to ensure its success. I suggest here what you can do to evaluate the locality and market cap,

Location Evaluation:-

Identify locations with potential: Look for near by areas with high footfall of traffic, proximity to residential areas, offices, schools, and shopping marts etc. Also, consider the accessibility of the location and parking availability.

Analyze demographics: Understand the demographics of the area, including population density, income levels, age groups, and consumer preferences. This will help you determine your target audience.

Assess competition: Research existing bakeries and food establishments in the certain areas. And evaluate their offers, prices of product, and customer base to identify gaps in the market that your bakery can fill.

Ensure that the location complies with zoning regulations and permits required for operating a bakery business. Check for any restrictions on signage, outdoor seating, or operating hours.

Market Research:-

To make your bakery business successful, you need to conduct surveys or interviews with residents in the area to understand their preferences regarding bakery products, pricing, and service expectations. Research current trends in the bakery industry such as demand for specialty baked goods, health-conscious options, or artisanal products. Identify opportunities to differentiate your bakery from competitors. Determine competitive pricing for your products based on the cost of ingredients, overhead expenses, and desired profit margin. Consider offering promotions or discounts to attract customers.

Develop a marketing plan to promote your bakery and products. This includes strategies for social media, local advertising, and community engagement. Create a unique brand identity that resonates with your target audience.

Prepare a financial plan outlining the startup costs, operating expenses, and projected revenue for your bakery business. Consider seeking advice from a financial advisor or accountant to ensure accuracy.

In conclusion, it is important to carefully assess the location and market to gain useful perspectives for making insightful decisions and ensuring that your bakery business thrives. If necessary, do not hesitate to seek help from industry professionals, consultants, or local trade organizations for further guidance and support. I wish you all the best of luck with your bakery endeavor!

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Nayagam P

Nayagam P P  |2569 Answers  |Ask -

Career Counsellor - Answered on Jul 27, 2024

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Sir my self krishna sir can't able focus on studies properly plz give some tips to study for more hours for jee
Ans: Krishna, adhere to the following Strategies/Tips/Steps:

(1) Whenever you study at home, study for 45-minutes. Then take a break of 10-minutes when you can move away from your study table, walk, have some water & relax. If you continue studying beyond 45-minutes, your concentration power will go down, resulting to low output. Most students commit this mistake.
(2) On daily basis (morning or evening whichever will be convenient to you), do yoga or meditation or physical exercises or play any games / sports for at least 30-45 minutes. This will further reduce your stress / distractions.
(3) Study tough topics / tough subjects (applicable to you) early morning with your fresh mind.
(4) Eat a lot of green vegetables / fruits which you can afford for & Avoid soft drinks/junk foods
(5) Every day night, before going to bed, revise whatever you have studied during the day.
(6) Also, revise every week whatever you have covered till date (here your short-notes which you should prepare will be helpful).
(7) Keep practising questions on topics which you have covered either offline or online
(8) Give utmost importance to wrongly answered / difficult / complicated / tough questions and have a separate note-book specially for this for each subject (PCM)
(9) You might be aware that JEE rank is allotted on the basis of highest score in Maths, followed by Physics & Chemistry. Practice more and more in Maths, till you reach Speed & Accuracy

(10) By December-January, attempt fully syllabus online test series, evaluate and analyse your performance such as,

(a) which topic / unit / concept you are weak which needs your revision and improvement as this will disturb you when you appear in actual JEE exam
(b) abnormal time taken to attempt any question which you can come to know from Online Test Series which you should reduce
(c) which questions you skipped and why?

(11) Please AVOID studying under pressure that you should get admission only into IITs/ NITs. Never advisable. Any one can be successful, even if he / she studies in NON-IIT / NON-NIT Colleges also.

(12) Have Plan B & Plan C for other Colleges Entrance Exams / Disciplines-Streams.
(13) Avoid comparing yourself with other students.

(14) Also, it is highly ideal to appear in / attempt\minimum 5-7 Entrance Exams (for both Govt & Private Engineering Colleges). You will have a lot of options (easiest method) to choose the best and most suitable one, keeping in view a lot of factors such as, College | Location | Your Interest | Stream Preference | Placement Records | College Culture | Your Short & Long Term Goals | Pressure You Can Go Through | Your AIR & Job Market Condition when you apply for your BTech & Even after.

I hope I have answered to your question with value additions. All the BEST for your Bright Future.

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