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Business Startup

Learn whether your startup is ready for investment?

What is a Start-up Investment?

Startup investments

Before learning about startup investment in detail, let us understand what is a Start-up?

A startup is a project initiated by an individual/group of people aspiring to effectively develop and validate a scalable business model. Most of the time Start-ups refer to new businesses with new unique ideas that intend to grow large and make an impact on society.

The startup journey is full of disappointments, uncertainties, and huge failures at every step, but despite of all these hurdles there are examples of great impactful successful startup stories

Due to limited revenue or high costs, most of these small-scale start-up opportunities cannot sustain in the long run without additional investments.  

Few Successful Examples of Startup Opportunities are:

  • Internet bookseller Amazon.com
  • Internet auction portal eBay
  • Facebook
  • Airbnb
  • Uber
  • SpaceX
  • Ant Financial
  • Paytm
  • Ola
  • Oyo
  • We work
  • Katerra

Startups are changing the world of innovations and opportunities by bringing in a new fast-learning dynamic business environment of opportunities. Startups are bridging the gap between age-old business policies and the latest new innovative ideas, where failure and uncertainty are easily acceptable and new innovations are built out of disruption.

Startup investment

Raising capital for your new startup opportunity is easier said than done, but one can always make the right moves well in advance and be prepared for the kill when opportunity knocks.

Startup investment is primarily buying a piece of the company with its investment where investors are putting down capital in exchange for equity: a portion of ownership in the startup and rights to its potential future profits.

In addition to financial benefits, Startup investment is extremely rewarding personally as you feel a sense of achievement by contributing to the development and welfare of society by job creation and capital formation. The USA is a great example of an unmeasurable flourishing prosperous economy, primarily because of the contribution and influence of many innovating startups who were encouraged by the supporting government policies and system.

Startup investment


How to Determine a Startup is Investment Ready?

Finding/ selecting the right investor for your dream project can be quite challenging at times, especially when you are not ready with your research work and the right knowledge. So for founders and investors both, this is quite a daunting task to identify whom to choose and when to choose for investing in.

Make an informed, smart assessment of your business needs, expansion plans as well as the type of investor you’re looking to get on board as there are different angel investors and venture capitalists (VCs ) out there.

The following are a few useful tips for both the founders and investors in assessing whether the startup is ready and suitable for investment or not:

Examine the monetization strategy

As an investor and that too for a startup opportunity, it is essential to see how the project is going to scale down the line. In business earning profits is all that measures the level of your skills and competencies and nobody would like to invest their time and energy in a company that cannot stand on its own financially.

Explore the market

It is absolutely critical to see what competition the startup has and what kind of competitive advantage they have been able to establish themselves in the market.

Also, focus on all aspects of the company like customer development, size of the market and their approach for their product.

 Assessment of Finances

Carefully assess the finances of the startup opportunity to be clear of the roadmap they have planned for themselves. The founder members must be clear in their vision for at least 5 years and be able to share the plan for how to become a profitable company.

Research the Use of Funds

As an investor, you need to completely understand what, why, and how of the startup you intend to invest in. Having a good idea of the founder’s vision will give you a clear perspective to strategize.

In addition, try to understand if the funds that the startup is raising would be enough to accomplish important milestones it has planned for.

Review the Legal Aspects

Pay special attention to how the startup has structured the deal and what percentage of ownership in the company you are receiving for the amount of money that you are investing in. Look at the articles of incorporation, by-laws if available, investor agreement, subscription agreement, term sheet, etc.

It is primarily to get yourself familiar with how the company is structured and who all are involved (directors, investors, advisors).

Join an Equity Crowdfunding Platform to get Access to Deal Flow

If you are new to startup investing for yourself and for others and are struggling to find deals, the best remedy for that is to go online. By registering on investment platforms you will be able to navigate onto a variety of deals.

It is important to learn about the market before making any type of investment.

Drill into the Track Record of the Founders-

The people behind running the show are the most critical factor in startups, it is crucial to understand them before investing in, it is all about having the right people sitting in the right seat.

By tracking their past achievements and records, you are focusing on their background story (previous companies, education, etc.) and what type of value they bring to the table. Also, it will prepare you to make an informed decision on your partners.

How Startup Investment Actually Works

Start-tup investment
Startup investment must be very carefully done to gain profits

When you have finally taken the plunge and entered into this competitive arena, then make sure there is no looking back after this. Go all about it with a bang and make sure you have a team of innovative, enthusiastic, inspiring people with you, who support your dream project as their own.

In startup opportunities people with similar passions, goals come together to innovate solutions to a problem or dream they want to realize for the betterment of self and society. This bunch of innovative thinkers have a vision for themselves and society alike, but to fulfill that dream, they’ll need guidance and capital money from seasoned entrepreneurs.

In Silicon Valley and beyond, early-stage startups raise venture capital from VC firms and angel investors in various ways. There are two main ways to invest in early-stage startups:

  • Investing in a priced equity round: Investors purchase shares in a startup at a fixed price investing in convertible securities 
  • The investment amount eventually “converts” into equity.

Investors in later-stage startups (Series A or later) will more commonly invest in priced equity rounds.

After analyzing the whole scenario for investment, the most crucial point to prepare for is your meeting with the investors. Let’s learn about the details to look into when pitching into investors for your startup’s investments:

The most important thing to carefully plan is to create a crisp, concise and short pitch deck for the first meeting with the investors.

A pitch deck is a brief presentation, often created using PowerPoint, Keynote or Prezi, used to provide the audience with a quick overview of your business plan. Mostly pitch decks are used during face-to-face or online meetings with potential investors, customers, partners, and co-founders.


Pitch deck for startup investment
Make sure your initial pitch is short and crisp

The pitch deck must contain:

  • A very good value proposition.
  • A complete thorough description of the team, its strengths and your relationship with them.
  • A competitive, detailed analysis/ overview of the business plan and its market demands.
  • A detailed report about your finances.

Apart from preparing a solid, competitive pitch deck, one must focus on their “soft skills” as well. Don’t arrive late at any of your investments/ business meetings and never arrive unprepared or half-prepared. Be assertive to answer their questions positively and with enthusiasm.

Startup investment
Soft skills make you a winner everywhere

70% of employers have firmly reinstated that soft skills and emotional intelligence are equally important as hard skills to succeed in the workplace.

“Investing in business is kinda entering a marriage, one must get along with business partners to flourish and learn.”

What you can perceive, you can achieve too with the power of manifestation. So, be positive while meeting with your investors and your positivity and determination in your dream project will rub off a positive impact on your investors too.

Guidelines to Find Investors for your Startup

Talking to investors about investing in your project is one of the most challenging parts of any business startup. Most venture capitalists and angel investors have to go through a dozen or more pitches every day and frankly speaking, they don’t have the time and energy to go through each one of them. So, make sure your first meeting with them creates a solid impact

So as an entrepreneur, you need to identify dozens of people who could potentially be interested in your company and still choose amongst the list, the one appropriate for you. The good news is that there are lots of ways to reach out to potential investors, through various possible ways. Let’s check a few here:

1. Build an Impactful AngelList Profile

Angellist is a great way to both learn about investors and let them learn about you. Creating a profile—including specific info about your company, product, and team members—makes it easy for people who are interested in your space to find you.

Once it’s there, share your profile with your friends and professional contacts and by doing so you end up following and get followed by a lot of new people from your own circle. Through them, you can get new pitches of interest to invest in your startup.

During the fundraising stage, when new investors follow each other or send requests with personal notes, it may lead to new business collaborations.

2. Prepare a Strategy to Meet Potential Investors

It is always convenient to have a wide network to meet potential investors, rather than individual meeting. But in the initial stages of the startup opportunities, it is always advisable to focus your wholehearted efforts on 30-40 main investors, who are a good fit for your business plans.

Prepare a strategy and take the list to other entrepreneurs for guidance, and then you can add or remove the selected few on the basis of their experience and guidance. Other people in the market/ fellow entrepreneurs are the best invaluable source of learning and expansion, these people can help you identify potential investors and people to avoid.

By carefully executing this phase of selection/ scrutinizing potential investors, you may end up creating the most beneficial list of investors to work with.

3. Networking

Networking is always the key to grow anywhere in any business because it provides you with the opportunity to interact with like-minded people with similar interests and motives to expand.

Most of the times it so happens that investors receive so many pitches that they hardly get the time to scan through them all. In such a scenario chances are that if you are going in with a reference through some common contact, you might be favored upon many others.

It is always beneficial for both the investors and the founders to have a commonly known angel investor, this way you always start on the right note by trusting each other completely.

4. Design a Unique Introduction

This one aspect could make or break your game, so never ignore this part at all and design a thoughtful and carefully selected introduction.

Sometimes, you may find investors with whom you need to be extra cautious while reaching out to them. In that scenario, a well-crafted introduction is which sail you through smoothly from the initial barriers.

5. Make Yourself Approachable by Providing Good Reasons to Invest

Investors are also looking for great startup ideas to invest in their hard-earned money so make sure you give them good reasons to jump in your project and contribute. Be there in the limelight to get noticed by the market, even if your product is in the pre-launch stage.

Start interacting with fellow entrepreneurs by writing guest posts or initiate a conversation on Quora to generate some attention for your group and motto. Just put yourself out there on display and start understanding the game well.

Blogging is a big business that helps you get noticed amongst the people and competitors and it may introduce you to many new potential investors. So, be very strategic in launching your campaigns via blogging. Spreading the word through blogging is the easiest and most convenient way to reach you.

SUMMARY

  • There are many different ways to fund startups, one must smartly choose what type of investment suits your startup opportunity.
  • Startup founders are sometimes hesitant to contact investors, so this should be totally avoided if you wanna grow. Be bold and honest to approach investors.
  • Be very strategic while pitching in for the first time, keep your initial pitch short and crisp.
  • Take a close look at your present situation and don’t be scared to take help from advisors and other fellow entrepreneurs to find out if your idea is actually feasible and has the potential to scale.
  • Make sure to get talented, honest, passionate people on board, who help you turn your dream into reality.
  • Be transparent with your team, if you wanna earn their respect and trust.
  • Look for investors that have experience in your industry and an affinity for your model.
  • Be data-driven and tactical.
  • Match your business with investors that are genuinely interested, or have a core mission that is servicing whatever your business offers. Trust is one of the most important aspects of raising capital, so making sure that your investors trust you and you trust them is key.

Finally, as a potential investor in your own startup or someone else’s startup company one must follow their gut. Ask yourself if this startup opportunity addresses a real concern in the marketplace and does it add some value to society. If it does then one must move ahead without any doubts.

And last but not the least- Always invest that much, what you can afford to lose!

Categories
Business

Top 30 Questions Asked In Business Analyst Interview

Business analyst interview questions

A business analyst’s core role is to understand a company’s operations and goals and make suggestions for improvement. While the specific responsibilities and mission for business analyst positions vary from one company to another, there are a number of questions that you’re likely to be asked in any business analyst interview.

Your dream job as a business analyst is within reach, but preparing for your big interview can be stressful and time-consuming. While selecting a business analyst candidate, employers are looking to assess your analytical problem-solving skills as well as your communication and collaboration skills.

Business analysts must also be creative thinkers, so expect to tackle a few unusual brainteasers that are designed to see how well you can think through a complex problem.

These questions include a combination of behavioral interview questions along with inquiries relating to business analyst terms and questions that test your skills as a business analyst.

During your interview preparation, take a careful look at the job posting. Analyze the criterion the company mentions seeking in an employee. Do your best to match your skills and experiences to the specifications listed so that you can present yourself as a highly qualified candidate for the position. It can be helpful to review key business analyst skills the company will be looking for and come up with examples of how you have used them in practice.

We have compiled the most relevant Business Analyst interview questions asked in top organizations to help you clear your Business Analyst interview. Also, if you are an employer our list will surely help you prepare a great set of questionnaires to be asked.

Business analyst interview questions
Top 30 business analyst questions and answers

Let’s start with a few of the most asked Business Analyst interview questions List:

Ques 1. Who is a Business Analyst?

A business analyst is someone who analyzes an organization or business domain and documents its business or processes or systems, assessing the business model or its integration with technology.

Business Analysts conduct market analyses, analyzing product lines and the overall profitability of a business. Also, they develop and monitor data quality metrics and ensure business data and reporting needs are met.

A Business Analyst is a person who analyses an organization, designs processes, and systems assess the business models so that it can be integrated with technology.

Business analysts are the agents of change, who introduce, manages and facilitates all the necessary changes to the business model.

They also serve as a communication channel between the sponsors, stakeholders and the project team.

Ques 2. What are the most essential skill-set required to be a successful Business Analyst?

Business Analyst interview questions and answers mostly talk about the skills of a Business Analyst. Business Analyst skills can be broadly categorized into three types:

Technical Skills

  1. Technology
  2. Research
  3. Data Review/ Statistical Analysis
  4. Financial Planning
  5. Documentation

Personal Skills

  1. Problem Solving Ability
  2. Decision Making Skills
  3. Managerial Skills
  4. Communication Skills
  5. Negotiation Skills

Ques 3. What is the role of a Business Analyst in a project?

The business analyst takes the ultimate responsibility to identify and solve problems affecting the business solution and works closely with the project manager to analyze the existing business systems and make recommendations for improvement.

Ques 4. Which documents does a Business Analyst handle?

Presenting a list of all the documents which a Business Analyst handles:-

  • Project vision document
  • Use cases
  • Requirement Management Plan
  • User manual
  • Requirement traceability matrix(RTM)
  • Business Requirement Document
  • System Requirement Specification(SRS)
  • Test case document
  • Functional Requirement Specification (FRS)

They can also range from Change control documents to even some documents like the Mapping documents. Knowing about the requirement of these documents at the perfect time may be the need of the hour during an interview.

Ques 5. What are the core competencies of a Business Analyst?

  • Logical thinking & Decision making
  • Domain & Industry knowledge
  • Business process management
  • Technical & Soft skills
  • Problem-solving skills/Analytic decision-making ability

Ques 6. Why a Business Analyst should be involved in testing?

A Business Analyst has a versatile role and therefore he has to get involved in each phase. This is the reason why this Business Analyst interview questions and answer is asked every time. Business Analysts should be involved in testing because he knows the overall system requirements and difficulties related to it very well. Hence, he can be involved during the testing phase to run it correctly and resolve any system-related query.

The Business Analyst may also serve as the user for usability testing, to help ensure the system does what a user would expect. For regression testing, the Business Analyst may provide sample output to compare against the new output.

Ques 7. What do you mean by a feasibility study?

The feasibility study is to recognize the possibility (success rate) of the planned idea for a business query. It helps to determine new chances and focus on the project.

An analysis and evaluation of a proposed project is feasibility and it is to be determined on the following factors:

  • If it is technically feasible.
  • Is feasible within the estimated cost
  • Is it profitable?

Ques 8. How does a business analyst make sure that all the requirements are gathered?

A business Analyst ensures all the requirements are gathered only when –

  • It is authenticated and agreed by the business users
  • The requirements are properly associated with the project’s business requirements.
  • The requirements can be executed with the existing resources.
  • All the significant business stakeholders are aligned with the prompted requirements

Ques 9. How does a Business Analyst perform risk management?

A risk is defined as an indeterminate event that is responsible to threat the existing business which can cause an impact on profits of the business.

Business Analysts recognize, analyze, assess and control the risk in the business. Business Analysts can use Risk management techniques such as

  • Risk avoidance
  • Reduction 
  • Transfer
  • Acceptance

Ques 10. What is INVEST in Business Analysis?

INVEST stands for –

  • Independent
  • Negotiable
  • Valuable
  • Estimable
  • Sized Appropriately
  • Testable

Ques 11. What is Business Model Analysis?

Business Model Analysis is done to analyze whether a business is feasible and valued regarding social, economic and other perceptions. The business model analysis provides the basis for any essential business model change and modernization for an organization.

Ques 12. Why a Business Analyst is needed for a project?

The role of a business analyst in project management is crucial to addressing the expectations and reconciling the fears of all other stakeholders involved in the process. The project would be under risk of failure if no professional had been appointed to the business analysis role. Then the stakeholders’ needs would be narrowed down to routine and so the project would never deliver results that could solve the existing business problem.

Basically, the role is defined by two high-level activities, as follows:

  • Problem Identification- Business Analyst explores the existing environment to identify the gaps that impede the business to reach the desired results.
  • Problem Solving- Business Analyst develops an action plan to solve the problem and exploit open improvement opportunities.

Ques 13. What are the problem-solving skills of a Business Analyst?

A Business Analyst is a multi-tasker, who is assigned the role to solve the queries arising during the course of a project. Problem-solving skills are usually asked in Business Analyst interview questions and answers.

Few of the important skills are listed below-

  • Leadership skill
  • Excellent communication skill
  • Problem analysis skill
  • Technical knowledge
  • Domain knowledge

Ques 14. Which types of issues a Business Analyst may face?

A Business Analyst may face the following issues –

  • Employees related issues
  • Technical problems
  • Lack of access
  • Limitations in Business policies
  • Business model errors

Ques 15. Elaborate on the key strengths of a business analyst?

Core Skills of a Business Analyst are a good grip on system engineering concepts, leadership qualities, technical knowledge, writing, and verbal communications.

5 qualities every great business analyst should have:

  • Excellent verbal and written communication skills
  • Ability To Solve Problems
  • Critical Thinking
  • An Analytical Mind
  • Process Modeling Knowledge.

Ques 16. What is a requirement?

A requirement is a targeted solution to achieve specific business goals or objectives. It is an input to various stages of SDLC. This is the basis of a project which must be validated by the stakeholders and business users before implementation. Besides that, every requirement needs to be properly documented for future reference purposes.

Ques 17. What is business validation?

Business validation is the process when you required the validation of actual verification of the client’s requirements. This must be as per the required and eligible signed off the agreement.

Ques 18. Describe your role as a Business Analyst in an organization?

Business Analyst role varies from organization to organization, project to project and even from domain to domain. The main role of a Business Analyst is to find out the needs of an organization, finding out their problems, even predicting future issues to an extent and suggesting suitable solutions for the same and drive through the organization’s achievements.

Also, we can say that Business Analyst in a project can play the role of a Business Planner, System Analyst, Data Analyst, Organization Analyst, Application Designer, Subject Area Expert, Technical Architect, etc.

Ques 19. How changes in requirements are handled?

When the changes to the requirements are accepted then as a Business Analyst:

  • Firstly, the changes made to the requirements are noted down and are prioritized.
  • Also, go through those changes and find out the impact of them on the project.
  • Calculate the cost, timeline, and resources required to cover the impact of change requirements on the project.
  • Make sure whether those changes affect or create gaps to functional design documents, testing or coding.

Ques 20. How do you monitor performance and success?

A professional business analyst will have a strong set of key performance indicators (KPIs), that they will monitor in order to understand the position, growth, progress, and success of a product or project.

Look for an action plan that would include a common-sense root cause analysis and some creative thinking to solve for an unexpected KPI performance.

Ques 21. How do you gather and analyze data to produce business insights?

Identifying business insights can help teams more effectively understand the challenges that they may be facing and come up with even better solutions to overcome them.

A business analyst will employ various tools and techniques to obtain these business insights:

  • Conducting interviews with clients, stakeholders, and end-users
  • Conducting surveys about product usage or market needs
  • Consulting with industry experts
  • Performing qualitative analysis with existing data
  • Creating A/B tests, MVPs, prototypes, pilots, and trial projects
  • Reading up on the latest industry news and trends
  • Analyzing competitor solutions

 Ques 22. What are the common tools used by a business Analyst?

The common and basic tools that may be used by any business analyst could be many and few of them are listed here: 

  • MS Visio
  • MS word
  • MS Excel
  • MS PowerPoint
  • MS Quality center
  • MS test director
  • MS Project
  • ERP systems

These tools may be the tools that are client-specific and also some which may be supplied by the client.

Ques 23. What are the steps that you need to follow to design a use case?

The steps in designing use cases are:

  • Identify the users of the system
  • Creating a user profile for each category of users. This includes all roles that the users may play and relevant to the system.
  • Identify essential goals associated with each role. Also, identifying significant roles.
  • Creating use cases for every goal associated with a use case template. This also includes maintaining the same abstraction level for the entire use case. Higher-level use case steps are considered as goals for the lower level.
  • Structuring the use cases
  • Reviewing and validating the users

Ques 24. What is Scope creep and how can you avoid scope creep?

Scope creep ( requirement creep) is a term that relates to the uncontrolled changes or deviation in the project’s scope within the same resource range within the same schedule and budget of the project.

It’s an indication of poor project management and a viable risk to a project. Some of the possible causes of scope creep are:

  • Poor communication between the project’s stakeholders
  • Improper documentation of the project’s requirements

Scope creep could be avoided by:

  • Clear documentation about the project scope
  • Following proper change management
  • Prior intimation about the effects of the changes to the associated parties
  • Proper documentation of the new requirements in the project log
  • Refrain from Gold Plating which means adding extra features to the existing functionalities

Ques 25. Define the Pareto Analysis.

Pareto Analysis which is also known as 80/20 rule is an administrative technique. It is a useful technique for bug resolution and quality control. According to this rule, 20 % of causes can generate 80 % effects in a system, therefore it is named as 80/20 rule.

Ques 26. How can you say that a requirement is good or perfect?

The standards of a good requirement can be pointed out using a rule called SMART rule.

Specific – The description of a requirement should be perfect and specific enough to understand it.

Measurable – There are various parameters through which the requirement’s success can be measured.

Attainable – Resources should be able to achieve success with the requirement.

Relevant – States that what results are realistically achieved.

Timely – Requirements of a project should be revealed in time.

Ques 27. Differentiate a Risk and an issue?

Risk is nothing but a problem or something that can be predicted earlier so that some improvement plans are used to handle them.

Whereas an ‘Issue’ means the risk that had happened or occurred. So, obviously it cannot be predicted in advance.

The role of a Business Analyst is not to solve the issue instead should suggest some plans to control the loss/damage caused. And this should be marked as a precautionary measure for other projects as well.

Ques 28. What is a misuse case?

An activity performed by a user which in turn causes system failure is termed as malicious activity. As it is misguiding the system function flow, it is termed as misuse case.

Ques 29. How can you handle and manage the difficult stakeholders?

Dealing and handling difficult stakeholders is a major task for any Business Analyst. Listing here a few of the ways to sort them out:

  • Identify the difficult stakeholders among the group and listen and concentrate on their point of view with patience. Be polite to them and do not close off the conversation immediately with such people.
  • Generally, a stakeholder appears difficult because they are not comfortable with few things in the project. So listen to them and answer such difficult stakeholders in a diplomatic way.
  • Find out a way to meet them personally and have a one on one discussion. By this, you can show your commitment to them.
  • Try to find out and resolve their motivations like are they worried about the budget of the project or curious about the project whether it is turning exactly as per their vision etc.
  • Continuously engage such difficult stakeholders and make them understand that their contribution is much valued and required for the project.

 Ques 30. When can a Business Analyst say that the requirements are done?

 Requirements are considered as complete when they satisfy the below criteria:

  • Requirements should be aligned with the objectives of a business. It means that the views of business stakeholders should align with the needs to be built for the project.
  • All the possible views and ideas of key stakeholders are to be extracted.
  • Quality of the requirements should meet/satisfy the organization’s set of criteria through which the quality of the requirements is tested.
  • One can say that the requirements are complete when they could be done within the possible available resources.
  • All the stakeholders of the project should be in consent with the gathered requirements.
Categories
Business

New Year Resolutions For Business In 2020

Business  2020

The beginning of the year is a good time to reflect on your future business plans and how you want it to expand in the coming year. If you’re a business owner, it’s a great idea to make resolutions that will help simplify your life and grow your business.

Let’s focus on some high-power, super-efficient business goals for small as well as big businesses and look forward to building a rewarding and more prosperous business establishment.

Presenting here a list of few very useful new year business resolutions for 2020, which if implemented can bring greater benefits to your business organization:

Review your Business Plans Consistently

Whether you have a big successful established business or a small, medium-sized enterprise, you should have a business plan – a vision for how you are going to achieve these goals and ambitions for the future.

The beginning of the new year is the perfect time to address this failing or to review your business plan if you already have one.

Plan carefully and specifically about what you expect from your business over a certain period of time in short, medium and long-term timescales and set out to achieve it.

Make sure you have clear and measurable targets to measure progress.

Some businesses fall into the pattern of operating on a day to day basis instead of having a vision, this sometimes leads to many businesses failing out.

Regular Supervision of Social Media Strategy

Business

No denying the fact that social media is invaluable to any business. As we enter this new year in 2020, make a resolution to use social media daily by doing these simple steps:

  • Interact with customers and other users
  • Answer questions
  • Post engaging content
  • Prioritize the network your customers are already using

For most businesses, this is Facebook and/or Instagram. Build your following on one of these platforms and then as per the response to the business, you can branch out to Twitter, Pinterest, LinkedIn, Youtube, etc.

Today we have several free social media scheduling tools that can be easily used to schedule a week’s worth posts all at once.

Make full advantage of these great tools and sail through your business journey with greater ease and facility.

Speed Up on Marketing Effort

Marketing is the process of telling consumers why they should choose your product or service over those of your competitors, and is a form of persuasive communication.

It is made up of every process involved in moving a product or service from your business to the consumer. Marketing includes creating the product or service concept, identifying who is likely to purchase it, promoting it, and moving it through the appropriate selling channels.

If the objective of your business is to sell more products or services this 2020, then marketing is what helps you achieve that goal. Anything that you use to communicate with your customers in a way that persuades them to buy your products or services is marketing, including advertising, social media, coupons, sales, and even how you display them.

Write a Blog

Business blogging

A blog is one of the easiest, cost-effective ways to add new content to your site. This is the most essential for SEO and as we all know that if one wants to grow in this digital marketing age content marketing needs to be followed diligently.

It allows you to share valuable information with your audience, gives you trending material for social media, and positions you as a leader in your niche.

Blogging doesn’t have to be a chore and you don’t have to post every day. In fact, one high-quality post per week is better than one poor-quality post every day.

And when it comes to what to write, get creative!! Even if you are writing for technology use creative, better ways to present your blogs. Place yourself in the reader’s position and then decide what to write and what to post.

Customer is the King

Customer is the king

Your best clients are someone else’s best prospects. According to Outboundengine.com, getting a new customer can cost five times as much as keeping a current one. There are varying degrees of loyalty as well as reasons.

Always put your customer’s needs on top of your own, if you are looking to expand this 2020 and try finding answers to these questions:

  • Do your clients know you are growing your practice or business?
  • Do they know the type of prospect you want?
  • Do they know how you help other people?
  • Do you have a process that makes it easy for them?

It starts by letting them know you want to help people with needs or issues similar to theirs. Start communicating more with them.

Invest in Cyber Security Measures

Cybersecurity

Big institutions and technology firms aren’t the only ones that need to be concerned with online security. Every company should be taking proper measures to guard against cybercrime and implement the best defenses against viruses, malware, and other such online threats.

  • Regularly back up your company’s data.
  • Create a firewall that prevents outsiders from accessing your private network.
  • Invest in the latest security software, web browser, and operating systems on your company’s computers.

Keep a Close Eye on your Competitors

This one is very crucial for growing as well as for learning and creating something great. Never underestimate any of your competition and keep track of their achievements and mistakes as well.

Plan for 5 Years Ahead

The key difference between a business owner and a Leader is the difference of vision. How you plan for the coming years is that set the ball rolling for you.

Always think ahead and have concrete strategies in place this 2020 if you are eyeing the top slot.

Build a Communication Plan

Agree, as a group, what needs to be communicated to the broader organization, who will deliver it, and when that is to happen. A town hall-type meeting with all employees is a great way to kick off a new strategic plan.

It should be followed up, however, with individual leaders sharing the plan in a smaller setting with just their team. The key to a successful communication plan is consistency and repeatability.

Fine Tune your Customer Service

Business
Service Crossword Concept

Often businesses concentrate their resources on increasing the size of their customer base rather than on client retention. Many pieces of research suggest that it is up to 25 times more expensive to win a new customer than it is to persuade existing customers to make new purchases.

This 2020, aim to put that right – talk to your customers about how you can serve them better and what else they might want from you. That doesn’t mean giving up on new customers altogether – but put your current customers first.

  • The old saying, “the customer is always right,” means that if your customers ask for something you don’t carry, it’s time to fix that.
  • Is there something your customers have been asking about or even demanding? Look into how you can bring that good or service to them. They’ll thank you with dollar bills.

And the same goes for your employees. Listen to them: ask them what works, what doesn’t, and how you could make their job better and easier. And remember: a good leader listens and follows through.

Network amongst Business Groups

Networking  is the key

Whether it’s a group specifically designed for networking or an organization dedicated to a particular type of business, in person or over the internet, making the effort to be a part of a group will revitalize you and your business.

  • There’s nothing like talking to other business people for sparking new ideas, refining old ones, and making contacts.
  • Approaching networking events with a strategy will make your next time out a more successful experience.
  • In 2020, make a resolution to attend a few networking events to meet fellow small business owners in your area.
  • Networking can help you find new opportunities, clients, collaborators, vendors, service providers, and even friends.

This is often ignored by many small business owners, but it’s so important. Use a service like Eventbrite to find events in your area. Chances are there are plenty of free networking opportunities already scheduled for the new year!

Invest in Learning a New Skill

Most important of all-do not sit back on past laurels and achievement, Life is all about recreating, reanalyzing and renewing yourself each day.

Invest in some new skill, certification or any other habit which is good for your business or yourself.

Go conquer the world with a new you!!

Build your Brand

Build your brand

In business, planning for the future is as difficult as it is necessary. Branding your business, just like building your personal brand, means you have to think about the long term. What works in establishing your brand today. It’s impossible to know what the coming year might hold for your company — or others — but that doesn’t mean you can’t start preparing.

Future-prepping means trying to assess what your company is going to need, both in the short and long term.

Immediate planning means balancing budgets, identifying target markets, and anticipating industry changes. For longer-term planning, however, you have to think bigger.

Document Your Processes

With all the positive changes you’ll be making in 2020, it’s important to document your processes, especially if you haven’t done so in the past. Documenting your day-to-day operations, onboarding, business plan, company goals, etc will make things easier on yourself and your employees throughout the year.

Business documentation


Work Hard

This one is the key to achieving anything in life and it should be practiced with more focus this new year 2020 if you are planning to restructure, modify or boost up your business plans.

Follow Your Goals Diligently

Many times people make up big plans for every new year and don’t follow up on these goals with passion and focus, resulting in underachievement. This should be completely avoided this 2020 and followup on your plans with complete dedication and focus.

Set Realistic Goals

Goal setting is a valuable habit—if the goals lead to success rather than distress.

The next step in creating a strategic business plan is to identify and clarify your goals. Where are you, and where do you want to be by the end of 2020 (and beyond)?

Set SMART (specific, measurable, achievable, realistic, and timely) goals based on your analysis of current business trends and market opportunities. 
Resolve that the goals you set will be achievable. If you have trouble setting realistic goals, there are ways to map out a formula that makes sense for you.

Put Your Strategy Into Action

Strategy for success

Building a good, strategic plan for the next few years takes a lot of work upfront.

Split the team up into groups of 3-5 and give them each a goal for the year. Have them brainstorm 3-5 strategic initiatives that would help bring you closer to achieving that goal.

A strategic initiative is a focused project for that year that will add up to realizing that annual goal. If you successfully execute your strategic initiatives, you should be fairly certain you’ll achieve your annual goals this 2020.

Learn from the Past Mistakes

Begin by asking everyone on your team for the top 2 or 3 things that went well in their department this year and what 2 to 3 aspects they would do differently. Trap their ideas on flipcharts and then transfer them over into a shared document to have them in one central place. Take a moment to review the successes of your team across the whole year. This gives you the momentum to take into your discussion for next year. 

It’s essential to set your planning for next year in the context of your overall vision. Any goals or strategies you set for 2020 should actively contribute to you achieving your vision in the long run.

Give back to the community

Whether you are serving somewhere or you own a business, it is of prime importance to give back to the society we are living in and contribute to the upliftment of the underprivileged community. Many people place a high value on social responsibility. If you are not focusing on this area up till now, start this 2020 and contribute and feel the joy of sharing!!

People and other businesses in your community support your business. What do you do in return? You might contribute to charities, but do your clients and the general public know that? Start finding answers to these burning questions this 2020.

Corporate social responsibility

Conclusion

  • Every business owner needs to analyze internal and external factors while planning for future business plans.
  • These New year’s resolutions need to be implemented rather than treated as just another new year plan, which means putting changes into place and committing to them for the whole year.
  • They need to be a year-long commitment to actually earn profits in the coming years.


Categories
Business Remote developer

Ensure Better Employee Productivity At Office

In this digital day and age, mobile applications have turned out to be a true blessing for the working professionals in managing our work schedules, keeping a tab on our health parameters and managing our tight workout schedules.

These Applications boost the productivity of the employees and help to maintain a stress-free work-life balance. Mobile applications are a true savior to combat stress-related issues and providing quick information in just a few seconds. In addition, they keep us connected to the people around the globe at the touch of our fingertips.

Truly, life is much easier and planned because of the mobile applications around!!.

Apparently, techniques and strategies aren’t enough, if one doesn’t have the required tools. Today, we have certain applications that ease our work and eventually boost employee productivity due to the ease of navigation to manoeuver around various devices like laptops, mobile phones, tablets, and smartphones and work remotely too.

Presenting a List of important applications that would ensure increased employee productivity and better work-life balance at the workplace :

1.15Five

15Five

This helpful app is one of the most user-friendly mobile apps for workers because it opens up a communication line between supervisors and subordinates as well as through teams. The software enables managers to set up weekly check-ins with workers and has a feature that allows employees to ask questions or ask supervisors for clarity.

It is an intelligent way to increase employee engagement and productivity. 15Five benefitted at many platforms and to match up with the fast-paced environment every time is the best quality of this. The app helps everyone get the recognition they deserve for a well- done job, thus helping managers identify areas where better performance could be coached.

2.Slack

Slack is way more organized than any other app. Basically it is a messaging app that has every quality, it is faster, organized and it offers a variety of integration than any other messaging app. Every office should have Slack in their systems.

Slack is divided into threads that are specific to a particular subject, allowing you to start a conversation while you’re on the job. Link files, mark friends, build checklists and more on a particular channel. It boosts productivity in real true sense.

3.Hootsuite

This app is really beneficial as it handles all your social media in one place. It is a platform that manages social media. It was created by Ryan Holmes in 2008. Specific integrations can be found through the App Directory of Hootsuite, including Twitter, Storify, Tumblr, and Marketo.

Larger organizations, with multiple users, teams, and places, should handle full-blown social campaigns. While it can help larger companies manage their social media staff better, it can also help new startups that can not afford to hire a full-time dedicated social media manager to run campaigns properly.

4.Skedulo

An app made for teams across multiple jobs, Skedulo is the answer to the 5W question: who, what, where, why and when? This workplace app provides managers with a job description to schedule their employees at a specific time and worksite. The change is applied to all on the team so that each task is organized properly.

Job data can also be exported or used in combination with other devices with features such as maps and calendars built-in. In addition, data capture features within the software allow workers to monitor the job as it is completed for record-keeping and transparency purposes.

5.Mint

Proper money management is crucial, whether you save for an upcoming cost personally or a Fortune 500 corporation that manages a vast number of people and assets. For Mint, once you log into your account, you can get a quick snapshot of your financial situation.  

6.Wunderlist

Wunderlist is so much more than just a list of tasks, an award-winning to-do list app. Employees may build tasks complete with explanations and images, then delegate them as they are being worked on or track their progress. Work together on individual projects or combined projects through teams and always know the progress through real-time alerts.

Wunderlist is like a lifesaving jacket for workers who have a lot of running activities to keep track of or neglect the smaller details. Tasks can be programmed to be repeated or repeated and archived for each completed task. This is an app that values transparency and recordkeeping as much as functionality.

7.Expensify

Expenditure issues often occur and are usually accompanied by a tedious process of reporting. Expensify is a must-have mobile app for real-time tracking and cataloging of expenditures. When making a purchase, an employee simply enters the nature of the purchase, the quantity, and any other relevant information.

Then with their smartphone, they can take a picture of the receipt. Expenses for processing and reimbursement can then be exported individually or in bulk. This app reduces headaches and pitfalls with cost reporting and minimizes processing time for faster reimbursement.

8.GoToMeeting

As I mentioned earlier, remote work is popular among startups, and even large established companies turn positions into remote-jobs, enabling their employees to work from home. GoToMeeting helps you to hold high-quality video meetings, share your screen— laptop or iPad— with your friends, and document the whole meeting to share with those who couldn’t do it.

Not only is this tool great for internal use by organizations, but it can also be used to conduct webinars to generate leads or to offer demonstrations to potential customers. The traditional conference call days are long gone — the new standard is video conferencing.

9.Zendesk

Processes and practices have been defined by each company. However, they do not have documentation on the Standard Operating Procedure (SOP). Zendesk serves as a portal for all the Q&A needs and SOP documents of your client. If someone has a question, you can direct them to Zendesk where they have already archived the answer. And if it’s a brand-new request, an entry for future reference can be easily created.

Zendesk has the added bonus of being a piece of software that is both internal and customer-facing. Use it as a workplace app for your daily operations or create a tool that can be referenced by your customers to streamline customer service.

10.Parsely

You’ve probably heard many times about the value of content marketing. In reality, you are likely to regularly publish content on your blog— but do you know if it works? How does your audience respond to your content? Which sort of ROI is the return of your content marketing? Parsely is a tool for you to answer these questions.

If you can quickly identify marketing strategies that work to broaden your digital reach, you can spend more time creating more content and less time trying to shoot out what works and what isn’t. Focusing all of your content production on tested working techniques means you’re going to see a higher ROI from your campaign.

11.Evernote

In its online apps, Evernote still shines. Notes can be attached to pictures and video, converted into checklists, marked and annotated, or stitched for comprehensive knowledge together. Evernote makes it easy to keep track of data for personal or group use.

Note-taking is an undervalued skill that greatly benefits anyone on the job. While monitoring the discussion in a meeting or listing ideas for a project, Evernote continues to be the pioneer in taking note of workplace applications. And, being able to use it is so easy that it can easily become an integrated part of any office workplace.

12.Camcard

Business cards are still used in the business world but it is difficult to keep them handy all the time. If you’re in sales or networking, the Rolodex of your old school is probably chocked-full of cards. Camcard is used to digitize cards that will remain as a backup in your cloud. You just need to click the picture and the software pulls out all the details by creating a Rolodex with pictures of the card.

CamCard takes the stress from trying to remember contacts and is great for on-the-go workers who need to get in touch with their network at any time. Even with a fingertip, the app allows you to make phone calls, send emails or access the social media of your contact.

Conclusion

Workplace apps (just like workplace management software) are becoming increasingly integrated into everyday business operations with smart technology always in our pockets. And that’s why! The right app in the right hands can greatly enhance your ability to get the job done quickly and properly. Moreover, it would keep things more organized and you will be easily accessible to everything. Apps make our life so easier and it will really help you to be more productive in office hours or if you have a business then it would be beneficial for you as well. Sales representatives don’t have to wait to get updates or enter reports in the database to the office anymore.

Categories
Business Career Development UX

Make 88% more than average American with these Skills

People wants to aquire new skills to make some extra dollars. According to a study by CNBC, an average American is making $876 per week and $45,552 per year. But that also depends on your age. And, that rises and falls depending on how close you are to peak earning age, typically around 49 years of age for men and 40 years for women.

Yes, you heard it right, the earning age and the amount of money a woman and a man get is different.

The skills that we will need to survive in todays indrustery are demanding. But there are some skills that will always be relevant and necessary at the same time. How can we best clear the world around us and identify the skills that we need to cultivate?

There are some money-making skills which will help you to make more money. It is a kind of passive income that would kick start your side business and will help you to make some extra dollars.

There are digital skills that not only help you earn more money but it will help you in expanding your skillset that will be beneficial to leverage them for a raise in office and outside the office too. These skills can open up new opportunities to profitable freelance work even if you are new to this business.

Artificial Intelligence

If you’re willing to put in the hours and work, the most exciting thing to do is to build an AI-centred skill set. More and more companies are looking in data analysis and user experience to implement AI solutions. According to Forbes, the number of active AI start-ups has increased 14 times since 2000, venture capitalist investment in AI has increased 6 times, and the job market for AI programmers has grown 4.5 times since 2013. Moreover, Artificial intelligence is the trending topic in almost every business and if any person who is willing to work hard can earn a good chunk of money.

There are some major skills that developers can learn and make money out of it.

  • Machine learning
  • Python
  • Java
  • Data science
  • R programming language

The average salary that a developer can get with these skills is $121000.

And a freelancer can get $61-80K.

Side hustling always Pay-off in the long run

Great thing about a side hustle is that before you have enough work to support yourself, you can develop a customer base without losing your day job. Or, as needed, you can use your side hustle to earn extra cash out of work. Let’s say you’d like to get into the marketing content. Find a side hustle holding the blog or social media accounts of a company. Or start ghost-writing other professionals ‘ eBooks.

Or perhaps you’re a web programmer. Develop consumer websites in specific industries. It can be a perfect way to bridge the gap and give yourself a competitive advantage by incorporating this into your day job. For example, if you’re working day after day as a restaurant manager, you might be specializing in designing restaurant websites because you understand how that business works.

Cloud Computing

As more companies switch from traditional server configurations to more flexible and dynamic cloud-based solutions, the demand for specialists in cloud computing is rising. Much of this demand is driven by companies that require Amazon Web Services (AWS) IT professionals. AWS is currently the largest network of cloud computing solutions. With customers like Netflix, Unilever, McDonald’s, and GE Oil & Gas, it boasts the largest market share— with over one million active users registered with it. An AWS certification will provide you with an average annual income of $123,000.

There are some skills that come under the head of cloud computing that will enable you to make more money.

  • Linux
  • Database Skills
  • Programming skills
  • DevOps
  • Information Security

An average person who knows these skills can make  $123000.

And a freelancer can get $104 per hour.

E-commerce Analyst

Facebook ads, Instagram ads, Google AdSense are used to run the campaign. And do you always wonder that sometimes you are thinking about some product and all of a sudden that product pops up on your screen and you think how does this happen?

So, these all are because of ads that show things based on your interest. Lately, Shopify has been the most famous platform for e-commerce. So, if you also want to make some more dollars than you can also try your hands on it. An average American who is an e-commerce analyst or who knows how things work can make $60, 958.

UX/UI Design

How appealing would you look with full-stacked skills to sell and extensive web development experience in a room full of people who can either build a stunning website or do fantastic backend programming?

Learning how to do UI will increase your job potential for those of you who are already earning good money as UX developers. And now start learning UX for our UI comrades here. It’s not that easy to learn, but it never gives the top dollar easily.

There are separate skills for both UX and UI that can be learned if one wants to make money.

For UX:

  • HTML
  • Java
  • CSS
  • Database
  • Algorithm
  • Statistics

For UI:

  • Product Design
  • Interface Design
  • Photoshop
  • Animation
  • Prototyping

Art of technical writing

The fact that the entire internet is developing at a rapid rate gives many people a sense of fear that new developments will leave them behind. And that’s a fair concern. What holds this concern at bay is professional writing. Not only do you know first-hand about these innovations, as continuous work is part of technical writing, but you also add additional skills of tech writing to your portfolio.

Technical writing is reporting and blogging about new ideas, goods, technologies, and other news from the tech world that the industry is looking for. The purpose of technical writing is primarily to provide those who are looking for information and instructions. Besides the tech industry, medicine, law, engineering, and other fields of science use technical writing to share information. Not everyone can write well, as you probably know, and not everyone who writes well can do technical writing.

If you have a touch of writing flair, it will add a lot of cash to your bank account by writing technical documents. Because technical writing is not everyone’s cup of tea, those who are already in high demand, make sure you tap into this vibrant market and get your fair share of it.

Not only good writing skills you also need some other skills that would work as a cherry on top of the cake.

  • Data presentation
  • Ability to write concisely
  • Analytical skills
  • Data skills and formatting
  • Research

A person who knows all these skills can easily make $59217.

And a freelancer can get $30-$60 hourly.

Visualizing Data

A specialist in data visualization is able to predict trends, identify patterns, identify main variables, and direct business strategies. This especially includes converting data into spreadsheets and spreadsheets into charts and graphs. This particular niche is expected to grow exponentially with the tech industry looking for more and more data-centered roles.

The skills that come under this head which a person has to learn to make more money includes

  • MS Excel
  • Python or R
  • Statistical presentation

A person can make around $77000

And a freelancer can get $20-$200 hourly.

Wrapping Up

There is a saying if you want to earn more than you have to learn more. if you are willing to put those extra hours in your skills then you will be ahead of half of the people and can earn a good amount of money. You should make strategies so that you can have a productive time in learning all these skills.

Now sit down with all this information and come up with a strategy for your thriving web development career’s next step. We hope you have been enticed by one or some of these exciting skills to start thinking seriously about them.

Moreover, the title of this article is suggesting that if you want more money than 88% of the American population then you have to do what that 88% are not doing. that is working on the skills and enjoy the ride.

Categories
Business Startup

How to Succeed in Business without really trying

How it is possible to succeed in business without really trying? Wondering!!! how can you succeed in something without trying. But, I am sharing some quick-fixes, basic guidelines which sets the ball rolling for your dream venture.

Building your own business is no easy task, its easier said than done. ‘Who doesn’t want freedom and money’ right? But, it demands real hard work, effort and meticulous planning to kick-start your start-up or making your dream business grow. Do you think the big businessmen running million dollars company succeeded without trying…….Naaah!! People look for easier things in their lives, but the businesses don’t come easy!

One can consult thousands of books and articles on “how to succeed in business” but when its time for action you need a concrete planning and determination to see it through its desired results.

Ditch the traditional routine

If you want non- traditional, life of your dreams then ditch the 9-5 routine. Be prepared to work for unusual hours and “Eat, Sleep and Drink” your business plans along with the liberty to choose your own timings as per your flexibility and requirements.

Life in business can really take a toll on your work-life balance but it provides you with a sense of fullfilment at the end of the day if you have the luxury of working your own hours

One step at a time

Any potential businessperson should take one step at a time that gives much clarity to the tasks and give rhythm to the business. This is the most crucial thing to be kept in mind that you need to be precise and have clarity of thoughts on what should be done next.

Suppose, to lose some kilos you have to be consistent with your training and diet and the result will automatically come. But the result will not come until you take the first step. This process requires tremendous patience and faith in your dream and the ability to achieve your long-term goals. You’ll have to be prepared to take a step or two backward initially but that’s natural and acceptable to grow in the long run. If you can stay patient with the nature of the process stop-and-start, you will see yourself beginning to move forward again.

Serve, don’t sell

Over the years, I have learned how to change the ways in which enthusiastic, motivated entrepreneurs interact with their investors both on social media and in person. All it takes for them is to accept a rule of three words: “Serve, don’t Sell”. Everything you do should be of value to others specially your team and it must add value to the credibility of your organization .Your ideas and intention should always be in services to others. If you follow the basics of ethical values and morality you will automatically attract people who will enrich your career growth and life with their enthusiasm and passion.

Experience counts

Here are two things you can do right away to make sure your business gets going: One, take the time by working for someone else to acquire the knowledge and experience you need in a business where you can learn a lot in a shorter period of time.

Two, Develop a habit of reading and studying the experiences/ Autobiographies of other successful enterpreneurs. Read one or two business books, business magazine on successful businesses daily. Never stop learning and keep enriching yourself with new ideas and learnings.

Minimize the costs

For start-ups and for any other business, you need to have a strict financial planning and budget control to ace the business management of your organization. Failing to control your finances can badly hamper your future business prospects.

Stay true to your roots

“Staying true to your roots” means never forget where you come from. And the pressure to perform may sometimes gets intolerable. When a person knows the ground reality, he is much more capable of handling things on all levels. Often start-up life is a real struggle which is an emotional roller coaster too with highs and lows.

Especially in these times, one need to be mindful of who you are and what needs to be done. Stick to the basics of one day at a time, take care of yourself, your family and friends, and remember to shut down once in a while and take a break. Never forget, this is what you were looking for!!!

Networking is the key

Networking is the main tool that one use to build relationships to elaborate one’s business prospects. Once you have a clear idea of who you are, it becomes much easier to connect with other brands who are working on the same wavelength.

Brands whose branding, core values, and priorities are all in sync with each other they build the best relationships and they create the best business empires. If you are able to maintain these kinds of partnerships, you will find yourself building a powerful business network capable of many exciting, mutually beneficial collaborations.

I am bringing in some of the most popular and admired entrepreneurs in the world to share their best business advice and success tips so that you’re ready to start your own business journey.

From Richard Branson to Arianna Huffington, Tim Ferriss, Mark Cuban, Sophia Amoruso and many more, the business advice from such entrepreneurs is worth millions.

Arianna Huffington said in her interview with CNBC New York “My best piece of advice is to make sure that entrepreneurs connect with their own wisdom and creativity, and that’s becoming harder and harder because we are so addicted to technology.”

Arianna Huffington, is a co-founder of The Huffington Post, author of the recent New York Times bestseller ‘The Sleep Revolution’, and recently stepped down as editor-in-chief of “The Huffington Post” to pursue her new wellness start-up, Thrive Global, which will deliver health coaching and stress reduction seminars.

She gave some tips and share her experience that would help any potential entrepreneur in his/her journey.

Healthy mind, Healthy life

Once, she literally collapsed on her office computer in 2007 due to intense stress and pressure, breaking her cheekbone in the process. She began asking a lot of questions about her lifestyle while rushing from hospital to hospital for consultation. She understood that sleep played a pivotal role in making smart business decisions, and rest for personal growth was necessary. She later found out that the topic of sleep deprivation was something that affected professionals from all fields, and she addressed the issue in her book. She was a vocal advocate of the good sleep in the life of every person.

Don’t afraid of Criticism

Arianna has always been heavily criticized for her writing styles or politics. She insists instead that one should be able to learn from criticism, regardless of where it comes from and one should embrace the criticism.

Critics can be your great assets if you are smart enough to deal with this negativity and don’t let this affect you. There is a way to deal with it ‘ Let them know why you’ve taken the step you’ve taken and let them know how and why it’s going to benefit them, make it clear that anything else they hear is just a lie. This may sound funny, but it helps prepare your readers for it and reinforce their trust in you, rather than the critics upsetting your followers will be the ones fighting for you the critics.

Conclusion

The experiences and the values one gets and imparts in their journey of entrepreneurship is the key to success. These are some insights on what it takes to succeed, and how it is important to prepare oneself for the hardships that life throws in the process. The entrepreneurship process is an ever- evolving learning, life long process where an entrepreneur cannot leave any stone unturned for the success of his venture. A businessman should keep on renewing himself / herself from time to time to produce the most efficient, effective end result. So make time for that contemplation as an entrepreneur, the opportunity to communicate with your best ideas, and get ready for a successful career journey with focus, hard work and determination.

Hope you like our article!!

HAPPY READING!!

To read about this https://codersera.com/blog/remote-woman-work-as-a-female-remote-developer/

Categories
Business Development Programming

Software Development Life Cycle: Everything About SDLC

Software Development Life Cycle is the process that produces software with the lowest cost and highest quality in the shortest span of time. SDLC is a process that consists of a detailed plan describing all the details regarding how to develop, maintain, and replace/alter specific software. It is the methodology used to improve the quality of software and also improving the overall development process

We can say, SDLC or the Software Development Life Cycle is a process that produces software with the highest quality and lowest cost in the shortest time. SDLC includes a detailed plan for how to develop, alter, maintain, and replace a software system

Let’s understand now How SDLC works?

SDLC tries to improve the quality of software development and tries to shorten the production time, it also works on minimizing the cost of software development. SDLC achieves all these goals by creating a plan that removes all the pitfalls under software development projects.

Stages Of Software Development Programme

Following are the Stages of SDLC they ensure that the process is working in a smooth, efficient, and productive way:

1. Identify. The first step under the software development program is to identify the current problem. To ask a question “What don’t we want?” “What don’t we want?” This stage of SDLC means getting input from all stakeholders like customers, employees, programmers, etc.

2. Plan/Requirement. The next step under SDLC is to plan, it involves asking “What do we want?”. At this stage, the team defines the requirements of new software and also analyze the cost required for it.

It also details the risks involved and provides sub-plans for softening those risks. At this stage, a Software Requirement Specification document is created. Planning related to quality assurance and risks associated is also done at the initial stages. Various technical approaches are studied and followed to implement the project successfully.

Minimum risk is taken into consideration. The next step is to clearly define the product requirements. Later approval is taken from a customer or through market analysis. All this is generally done by using the SRS (Software Requirement Specification) document which holds all the requirements of the project and is designed and developed during the project life cycle.

3. Design. The next step under the Software Development Life Cycle is designing and answering “How will we get what we want?” This phase of SDLC includes changing the software specifications into a framework called Data Specification. Feedback and suggestions from all the stakeholders are then received.

It’s important to have a plan for collecting and incorporating stakeholder input into this document. Any loopholes at this stage will result in collapsing of the whole project. Generally, more than one design approach for the product architecture is offered and recorded in a DDS – Design Document Specification.

4.Build/Development. Now we will build what we have decided, answer to “Let’s create what we want.” All the actual coding is done at this stage of SDLC for building software. This is the least complicated step if all the previous steps have been followed with attention. Developers are required to follow the coding guidelines defined by their companies

Tools like compilers, interpreters, debuggers, etc. are used to generate the code. High-level programming languages such as C, Java, PHP, C++, Pascal are also used for coding. The programming language is chosen on the basis of the type of software being developed

5. Test. The next step under the Software Development Life Cycle is to Test “Did we get what we want?” At this stage, we test for defects and deficiencies. Later after detecting we try to fix all the issues until the product meets the actual specifications.

6. Deploy. “Let’s start using what we got.” This step involves feedback from mobile users, who are the end users. Depending on their feedback changes and adjustments are made. Often, this part of the SDLC process happens in a limited way at first. Depending on feedback from end users, more adjustments can be made. Software tested is released in the relevant market. Sometimes as per the requirements the product can be released in some specific market before final launch.

7. Maintain. Phases of Software Development life cycle includes another step that is to Maintain or like “Let’s get this closer to what we want.” It’s not so easy for the plan to turn out to be perfect when it runs in reality. Further, as real life conditions are different, we need to advance and update the software. After the product is released in the market, its maintenance is done for the existing customer base.

Software Development Life Cycle
Software Development Life Cycle

SDLC MODELS

Now let’s discuss different software development life cycle Models. These are also known as Software Development Process Models. Each model follows unique steps in the process of software development.

Following are some major SDLC models which are followed in the Industry:

  • Waterfall Model
  • Iterative Model
  • Spiral Model
  • V-Model
  • Big Bang Model

1.Waterfall Model

Waterfall Model was the first SDLC Model used in Software Engineering which confirms the success of the project. In this Model whole framework of software development is divided into different phases. The result of one phase acts as the input of the next phase sequentially.

The following illustration is a representation of the different phases of the Waterfall Model:

Requirement Gathering and analysis 

System Design 

Implementation 

Integration and Testing 

Deployment of system 

Maintenance 

Waterfall Model
Waterfall Model

Waterfall Model – Application

Every Software developed is unique and it requires the most appropriate SDLC approach based on different external and internal factors. Some examples where the use of Waterfall model is most suitable are −

  • Well documented clear and fixed requirements.
  • Stable product definition.
  • Stage Technology
  • No ambiguous requirements.
  • Adequate resources.
  • Short Project.

2.Iterative Model

This model begins with the most simple implementation of a subset of the requirements of the software and later enhances all the evolving versions until the full system is implemented. Design Modifications are made at each iteration, and simultaneously new functional capabilities are added. This method tries to develop a system through repeated cycles in small time.

Iterative Model
Iterative Model

Iterative Model Application

This model is most often used in the following situations −

  • Clearly defined and understood requirements.
  • Some functionalities or requested enhancements may evolve with time.
  • Time available to the market constraint.
  • Development team aware of new opportunities.
  • Some high-risk features and goals which may change in the near future.

3.Spiral Model

This model tries to combine the idea of systematic aspects of iterative development. This model is the combination of the iterative development process and the sequential linear development model. This model puts a very high emphasis on risk analysis.

Spiral Model
Spiral Model

Spiral Model Design

Identification, Design, Construct or Build, Evaluation and Risk Analysis.

Spiral Model Application

  • Budget Constraints and risk involved.
  • Medium to High-Risk projects.
  • Potential changes to economic factors.
  • Uncertainty in the customer requirements.
  • Complex requirements.

4.V-Model

The V-model is an SDLC model where the processing of all the steps happens in a sequential manner typically in V-shape. This model is also known as the Verification and Validation model.

This model is actually the extension of the waterfall model. Each phase in the development cycle is directly associated with the testing phase. This model is highly disciplined and the next phases start only after the previous stage gets completed.

V- Model Application

This model is somewhat the same as the waterfall model. The waterfall model too is a sequential type. In order to get successful results, the requirements of the project should be clearly discussed as it would be very expensive to restart the project from very initial phases.

Most suitable scenarios to use the V-Model application are where:

  • Requirements are well defined, clearly documented and fixed.
  • Stable product definition.
  • Not so Dynamic technology.
  • No ambiguous or undefined requirements.
  • Short Project.

5.The Big Bang Model

Here in this model, we do not follow any specific process. The development process starts with the required funds and efforts as inputs, and the output is software developed, which may or may not be as per the requirements of the customers. Very little planning is required for this software development model as it does not follow any specific procedure and process. Usually, this model is followed for small projects where the development teams are very small.

Big Bang Model Design and Application

The Big Bang Model includes focusing all the resources in coding and software development, where little or no planning is required. The requirements are implemented as they appear. Any changes done will not affect the whole project. This model is good for small, academic or practice projects. It is also good for projects where one or two developers are working together. It is also ideal to use in the situation where the release date is not confirmed.

See https://en.wikipedia.org/wiki/Big_Bang

Big Bang Model
Big Bang Model

Every iteration involves cross-functional teams working simultaneously on various areas like −

  • Planning
  • Requirements Analysis
  • Design
  • Coding
  • Unit Testing and
  • Acceptance Testing.

Benefits Of SDLC

The highest level of management control and documentation can be achieved by doing SDLC correctly. It helps developers to understand what they should build and why. All the associated parties get involved and agree upon common goals and can get a clear plan for achieving that goal. It also helps all the parties involved in understanding all the costs and resources required.

But If the firm fails to consider and analyze the proper needs of all the customers and the users like stakeholders, it can result in a poor understanding of the system requirements at the outset. The benefits of SDLC only be achieved if the plan is created and followed correctly.

Categories
Business Career

Highest Paying Skills For Individuals In 2020.

Wondering what could be the highest paying skills for individuals in 2020? This article compiles the various in-demand skills that are gaining momentum for the foreseeable future. The contemporary market is evolving and maturing quickly. With this ever-changing environment, the job-seekers should upgrade their skills continuously.

The designations such as Data Scientist, Data Analyst, Developer, Designer, IT security Manager and the like are among the exceptionally well-paying job roles and their value in marketing is expanding each day.

What are the highest paying skills?

Every industry whether it is e-commerce, healthcare, IT sector, startups(tech or non-tech), needs to coordinate and execute security policies, record and analyze the data, develop pc and mobile applications, and the like.

So it is evident that occupations demanding technology professionals acquiring a fine set of skills and aptitudes are going to dominate the market in 2020.

Devin Fidler, research director at “Institute for the future” says “There are some overarching shifts poised to change the nature of work itself over the next decade.”

Labor force projection 2020 published by the US Bureau of Labor Statistics, predicts that there will be an increment of 20.5 million jobs by 2020. The report predicts that only a few profiles will grow more than 50% of the total in 2020. These profiles majorly incorporate the Information Technology domain.

Here’s a look at some of the highest-paying jobs according to Robert Half Technology’s 2020 Salary Guide (not necessarily in a specific order)

1. Big Data Engineer 

Owing to the fact that data is tremendously growing at the rate of 40-60% per year, the individuals possessing the skill to regenerate large amounts of raw data into valuable information for strategical analysis, decision making, and technological advancement are in huge demand by Business Firms and modern industry. Data Engineers are liable for designing the company’s software and hardware architecture required by people with big data. To be a big data engineer, the usual requirements are a degree in Computer Science, a high-grade command in Mathematics and Databases.

Besides, organizations hiring Data Engineers also look for following supplementary skills:

  • Understanding of SQL and Python
  • Proficiency in cloud platforms
  • Knowledge of Java etc.

2. Mobile Applications Developer

mobile-app-developer

Remember the time when parents kept nagging their kids for unreasonable usage of mobile phones like playing games for hours. And then proceeds the same old dialogue ‘it’s not good for the eyes’. The good news is, all the mobile geeks amongst you have a great career option out there. Owing to the increase in the number of mobile users, mobile application developers are invariably in demand. IT firms constantly require application development specialists to design and develop various apps that provide products solutions on platforms like IOS and Android. To be a Mobile application developer one must have experience

Top skills employers seek in a mobile application developer are:

  • Computer Science degree or equivalent
  • Cross-platform development
  • UX/UI Design
  • Programming languages and mobile computing
  • Agile methodologies experience

3. Information Systems Security Manager 

information-security-manager

Information systems security managers (or IT security managers) are accountable for regulating and administering security policies and standards to enhance the dependability and protection of IT projects. They control expected security threats and deal with the consequence of any violations or breaches.

ISS Managers also directs staff schedule and budget, controls backup and security systems, assess, test, and select new security products and technologies, data recovery, employee training, leads vulnerability audits, forensic investigations, and mitigation procedures, etc.

The applicants are expected to possess the following skills:

  • A Bachelor’s degree in Computer Science, or a related technical field
  • Prior work experience in information security
  • Security concepts related to DNS, routing, authentication, VPN, proxy services, DDOS mitigation technologies
  • Network security architecture and development and definition
  • Firewall and intrusion detection/prevention protocols
  • Familiarity with the third-party auditing and cloud risk management
  • Analytical, communication and Decision-Making Skills.
  • Programming language like C, C++, C#, java, VMware, Windows, Linux, Oracle, Solaris, Cico, Active Directory, etc.
  • Certifications such as Certified Information Systems Security Professional (CISSP) or CompTIA Security.

4. Application Architect 

Application Architect or Software Architects are liable for designing and analyzing the on-going software projects, usually working within a scope of one application (system). Applications architect are also responsible for monitoring the whole system, understanding all interactions within components on a given level of abstraction, and for defining limitations and requirements for source code.

Application Architects earn an average salary of $141,750.

Requirements:

Application architect needs to be a detail-oriented team player who can consistently contribute valuable insights, suggestions and relevant solutions in areas of software development, its use, and maintenance. Exceptional communication and strategic planning skills are also required for this job. As every company requires to augment current applications or develop new ones, the application architect career option has a promising future. It’s one of the highest-paying IT jobs.

Technical skills required for this job profile is:

  • Math and science skills
  • Critical thinking
  • Creative problem solving
  • Software skill-set such as AJAX, C#, C++, and LAMP
  • Expertise in design and object-oriented design
  • Analytical and problem-solving skills.

5. Data Architect 

According to Wikipedia “A data architect is a practitioner of data architecture, a data management discipline concerned with designing, creating, deploying and managing an organization’s data architecture”.Data architects and data modelers work with companies and clients attempting to make sense of the operational and processing data they collect. The Data architect determines what information to collect, while the data modelers focus on how to organize the data.

A Data Architect builds complex computer database systems for companies, either for the general public or for individual companies. They work with a team that looks at the needs of the database, the data that is available and creates a blueprint for creating, testing and maintaining that database. They translate business requirements into database solutions and supervise data storage (data centers). The security of the organized data is also a part of the Data Architect job role.

The employer seeks the following skills:

  • Bachelor’s degree in computer science
  • Applied math and statistics
  • Data visualization and data migration
  • RDBMSs (relational database management systems) or foundational database skills
  • Database management system software, especially Microsoft SQL Server
  • Practical knowledge of database languages, the most common of which is SQL.
  • Databases such as NoSQL and cloud computing.

6. Database Manager 


Database Manager upgrades hardware and software by assessing transaction processing and database production options and is responsible for maintaining database performance by troubleshooting problems. The data Manager undertakes platform up-gradation and enhancements by supervising system programming. In the current scenario, Database managers are specifically needed in huge organizations dealing with bulky data. A DB manager must possess strong leadership and strategic planning skills.

The skills employers seek in a Database manager are as follows:

  • Bachelor’s or master’s degree
  • Experience working with a database such as Oracle, Microsoft SQL Server or IBM DB2.
  • Strong analytical and organizational skills.
  • An eye for detail and accuracy.
  • Ability to understand business needs.
  • Strong leadership skills.
  • Understanding of structured query language (SQL

data science

7. Data Security Analyst 

A data security analyst or information security analyst is accountable for protecting the organization’s data from external attacks. Any organization which deals in big data or data-driven industries such as consulting, computer systems design, and financial services needs a Data Security Analyst.

The skills required to become a Data Security Analyst are:

  • Bachelor’s degree in computer science, software engineering, information assurance, or a related field
  • Thorough understanding of computer and network security
  • Firewall administration, encryption technologies, and network protocols
  • Excellent communication and problem-solving skills
  • Up to date with the latest trends in security and government regulations

However, many companies prefer candidates who hold a master’s degree in business administration in information systems.

8. Software Engineer 

Devops, Business, Process Improvement

The average salary for software engineers is $125,750.

Software engineers are responsible for designing and creating engineering specs for both applications and software, which makes them in-demand in the current and future markets.

The skills required to become a software engineer are:

  • Bachelor’s degree in computer science or a related area
  • Information system, maths, and engineering knowledge
  • Specific programming language knowledge
  • Software development, design, and debugging
  • Object-oriented design (OOD)
  • Problem-solving and logical thinking
  • Written and verbal communication
  • Teamwork and management

9. Wireless Network/Cloud Engineer 

With everything operating wireless these days such as wireless offices and mobile application development, the demand for wireless network/cloud engineers is increasing like never before. Wireless Network/Cloud Engineers are experts in diverse aspects of Network Technology and possess analytical and problem-solving skills for better career growth in this industry.

The additional skills required for this job profile include:

  • Certification like the Certified Wireless Network Professional (CWNP).
  • Academic background in wireless equipment and standards and WLAC.

10. Data Scientist 

Excellent communication skills, statistical and mathematical expertise are required to earn a midpoint salary of $125,250.

Knowledge of programming languages such as Python or Java is also sometimes necessary for the job as well. As one of the top tech jobs with the best career opportunities, data scientists have become one of the most demanding jobs across industries.

Skills required to be a Data Scientist are:

Among all the above profiles Data Scientist does hold a good prospect to be in the highest paying skills in 2020. Data Scientists use their knowledge of statistics and modeling to make sense of complicated data from a variety of sources. And is also responsible for collecting, analyzing and interpreting extremely large amounts of data.

The skills required are as follows:

  • Maters in Programming, Statistics, Machine Learning, Linear Algebra and Calculus
  • Python
  • Machine learning
  • Deep learning
  • Natural Language Processing
  • SQL
  • NoSQL
  • Elasticsearch
  • Hadoop

11. Senior Web Developer 

Web, Web Developer, Full Stack Developer, Www

According to Wikipedia “A web developer is a programmer who specializes in, or is specifically engaged in, the development of World Wide Web applications using a client-server model”. Senior web developers collect business obligations and then develop blueprints required for web-based applications. They always attempt to build consistent and attractive web properties.

The salary midpoint for senior web developers is $123,000.

Academic qualifications and skills required to be a Senior web Developer include:

  • Bachelor’s degree in computer science or a related field
  • Proficient in front-and back-end systems
  • Expert in one programming language
  • Experience on PHP and Ruby on Rails sites
  • Prior work experience
  • Experience in common languages like HTML5 and JavaScript

12. Systems Engineer

System engineers work with data and project managers to understand systems and consult with customers to determine their needs, corrects software errors in existing systems, and improves performance through hardware upgrades. They are liable for maintaining and supporting the technical infrastructure at a company, including system hardware and software. They do debug and reconfiguration of the system in case of system failure, if necessary.  

The skills required are as follows:

  • Bachelor’s Degree in Systems Engineering (4 years).
  • Master’s Degree in Systems Engineering (2 years).
  • Problem Solving and Troubleshooting
  • Motivating and Persuading Others
  • Emotional Intelligence
  • Entrepreneurial Thinking
  • Computer Skills

 Systems engineers should also possess strong communication skills to convert technical information to nontechnical users.

The salary midpoint for systems engineers is $106,000.

In Conclusion

All the job profiles mentioned in this article are by no means exhaustive however presents a good cross-section of the future job market. It is quite clear that jobs like data science and automation are the most in-demand and offer higher than average starting and mid-level salaries. I hope this information on the skill demand for the coming future will help you and provide more clarity about what career to choose to be future-ready.

Categories
Business Development Startup

8 Major Legal Risks Faced by Startups

Startups are not as fancy as they look’

Startups can be a rollercoaster ride for entrepreneurs. Entrepreneurs encounter many risks in their journey of Startups but the legal risks are something that can not be avoided and should be taken seriously. Here, we are trying to get an overview of the legal risks that are faced by Startups.

The Startup word itself looks very appealing. And for the millennials, it is a way to get the life of their dreams but the amount of hard work, patience and planning one has to put in is the key factor. Besides, the challenges and risks which one should be aware of.

As the millennial generation is much more attracted to the startups but Startups can look fancy from far. But when a person actually puts in the hard work then he/she understands the practicality, uncertainty, and the risk involved. The risks can be a financial risk, legal risks and many more but here we are only focusing on Legal risks that are faced by Startups. These risks can be eliminated with proper strategy and planning. And if proper actions are taken the risk can be reduced if not properly eliminated.

Let’s find the Major legal difficulties faced by Startups.

1. Proper Documentation


The first and foremost thing for any startup is to have documents in an organized manner. If you decide to do a venture, the documents, and other formalities are not properly done then your startup will become null and void.

For instance during an agreement you are unable to present complete documents then you are liable to pay the penalties which is not good for your business.

2. Legal composition of Business


This is a vital risk that should be avoided to run a business and the foremost thing to be stressed upon. The composition or ownership of any business is very important. The tax responsibility of any firm and the personal liability of the owner can be done with ease with the legal funding options. It will help in saving the tax and personal interests of the owners.

3. No forgery of website T&C (Terms and Conditions)


For any online business or E-commerce, it is essential to have terms and conditions posted on the website as per many countries laws. There are many agencies like The ACCC ( Australian Competition and consumer protection) works for the public welfare. The ACCC believes in Transparency, accountability, Confidentiality, Proportionality. And there should not be plagiarism meaning no business can copy another company’s T&C. Plagiarism of terms and conditions is much worse than not having at all. If this happens then it may cause a legal risk that will negatively affect the business.

4. Legitimate Licenses


Every business has some legal rules and regulations. And to do the business hassle-free there are some permits and licenses that should be taken by the owner. And that too a real license if the license is not legitimate, then the owner is in a position to pay a hefty amount which may cause losses to the startup.  So to avoid this type of legal risk owner should consider the appropriate professionals who have a clear view of the types of licenses and permits which should be taken to run the company successfully.

5. Disputes and Discrimination


In any organization, disputes among the staff are quite normal but disputes caused by partners, stakeholders, and customers. These disputes will take up a bad face and the consequences have to bear by the business which is also a legal risk.

Discrimination by age, color, or gender is a growing problem in organizations. But the law says “if any worker who feels that he/she is being dominated by anybody can give an application to the Fair work Commission for resolution of the situation”. This anti-discrimination law is to make a fair decision in favor of the workers who are been bullied by higher authority. That also becomes a legal dispute and the authorities should keep that in mind to avoid this type of situation by listening to the problems of workers and bring a solution in a fair and impartial way.

6. Accidents in the workplace


Sometimes workers, work in a workplace and met with an accident that can cause grievance injury to them. They can file a legal case against the company or can ask for compensation which is a legal risk for the firm. So to avoid or lessen this type of situation a company must have a safety team and system who will keep a check on both the workers as well as the machines.

7. Protect Intellectual property rights


Intellectual property rights are those rights which can be taken for newly invented thing discovered by you. and these rights will shield your discovery. The discovery can be a product, a brand name, a logo, a recipe anything. So the copyright is to be used to get the right or ownership of any content to safeguard your work and prevent it from copying or stealing. This is also a legal risk and to prevent this make sure you patent and secure your product so no one can copy it.

8. No agreement of shareholder

A shareholders agreement should essentially be the cornerstone of any business or startup venture between founders and partners. There must be proper documentation of the agreement of shareholders to avoid the conflict between the partners. 

Furthermore, a shareholder’s agreement acts as a protection between partners, if problematic situations arise and it is seen to be more efficient as co-founders will spend less time debating, arguing and litigating when in difficult situations as they have the agreement to refer back to.

Ignoring the need for a shareholders agreement creates a larger risk because as with any business, problems may arise between the partners especially in startups and it is necessary to have a balance and clues to those situations to act as an effective guidance mechanism on what to do in those circumstances.

Let’s take a case study which will clear everything about the legal risks

In 2014, a developer developed an app that is a quiz app and inference has been taken from an app that is developed by Cambridge Analytica. The name of the developer is Aleksandr Kogan. He got 27000 installations to his app from users. He could manage to access the data of his friends and when the app asked for grant permissions that app saved all the information. This information created 30 million psychographic voters profile. And Trump tie-ups were already in Cambridge Analytica and this information was used to target ads for a campaign like Brexit.  As news spread in the market facebook share instantly fell to 18% in 10 days and people in aggression start #deletefacebook movement. So this case study shows that if legal professionals saw that earlier then this situation can be avoided.

 Conclusion

In a journey of startups, Entrepreneurs must look into the legal risks that may pose some threat to company issues. Or they can personally hire legal professionals who will look into this matter closely. These professionals will tell the precautions that should be taken to avoid these risks. And there is no doubt that any startup will lead to millennials are keen towards the startups. So these types of hurdles should not create any problem and must be eliminated so that a business can run smoothly.

Categories
Business Development Resume

24 Git Interview Questions For Developers

Git is a very popular version control tool in the software community. Almost every fortune 500+ organizations use Git. This contains basic to expert level Git interview questions that an interviewer definitely asks. These questionnaires will help to prepare for a job interview in a short time.

Often, these questions and concepts are used in everyday programming. But these are most helpful when an Interviewer is trying to test your deep knowledge of Git version control.

Basics: Every Developer Should Know

Original author (Developer) Linus Torvalds
Released on 7 April 2005
Stable release 2.23.0 / 16 August 2019
Languages used in C, Shell, Perl, Tcl, Python
Operating system Windows, Linux, macOS
Type Version control

Git is a Distributed Version Control System (DVCS) as well as it is a Source Code Management System (SCMS) which is used as a track that changes the file also allows to revert back to any particular change.

Git uses ” C “ programming language which ensures that the overhead of runtimes associated with high-level languages that reduced and make it fast. Also, it is open-source software distributed under the terms of the GNU ( General Public License ).


Q1. Classify the version control system and its types?


Answer.
Version Control System is the process management system that maintains the change records in the file or set of files over a period of time. And every change is maintained as a version. It is also called Revision control systems.

Features of VCS are:

  • The version control system includes the tag system which helps to differentiate between alpha, beta, or various release versions for different documents.
  • Up to date history is available for the document and file types.
  • It doesn’t require any other repository system and it can be cloned as per the need and availability.

There are 3 types of the version control system are:

  • Local Version Control System

It maintains the track of files within the local system and its approaches is very basic and mild. This type is also error-prone which means that the chances of accidentally writing to the wrong file is high.

  • Centralized Version Control Systems

In CVCS, all the changes in the files are tracked under the centralized server. It includes all the information of versioned files and a list of clients that check out files from that central place.

  • Distributed Version Control System

This approach comes into the picture to overcome the drawback of the centralized version control system. The clients were able to completely clone the repository including its full history. If any server is not working properly the client repositories can be copied on to the server which helps to restore the files.


Q2. What are the advantages of using Git?


Answer. Advantages of using Git:

  • Free and open-source
  • Fast and small
  • Secure
  • Implicit backup
  • Easier branching
  • No need for powerful hardware

Q3. Name a few Git repository hosting services.


Answer. There are three main popular Git repository services-

  1. GitLab
  2. GitHub
  3. Bitbucket

Q4. What is the Git life cycle?


Answer.
The files in the Git project have various stages like creation, Modification, Refactoring, and Deletion and so on. Irrespective of whether this project is tracked by Git or not, these phases are still prevalent. However, when a project is under Git version control system, they are present in three major Git states in addition to these basic ones. Here are the three Git states:

  • Working directory 
  • Staging area 
  • Git directory 

These stages are the essence of Git. You get great flexibility in tracking the files due to these stages that files can reside in under Git. 

Working Directory

  • It considers a project residing in your local system, this project may or may not be tracked by Git. In this case, the project directory is called as your working directory.
  • Let’s assume that this directory is now tracked by Git. That is we’ve created a Git repository in this existing project directory, a hidden .git folder is initialized therein. In this state, Git is just aware of the files in the project. It won’t track the files yet. To track the files, you’ve to commit these files by first adding the files to the staging area.

This brings you to the next state in Git life-cycle.

Staging Area

  • While you’re in the working directory, you select the files that have to be tracked by Git. Why do you need this? Why don’t you track everything in the project? That’s because some files in the project like class files, log files, result files and temporary data files are dynamically generated. 
  • It doesn’t make sense to track the versions of these files. Whereas the source code files, data files, configuration files, and other project artifacts contain the business logic of the application. These files are to be tracked by Git are thus needs to be added to the staging area.

In other words, the staging area is the playground where you group, add and organize the files to be committed to Git for tracking their versions. 

  • It’s important to make a quick note of the term called indexing here. Indexing is the process of adding files to the staging area. In other words, index constitutes of files added to the staging area. This term will be explained again in the coming tutorial on Git terminologies. 

Git Directory

  • Now that the files to be committed are grouped and ready in the staging area, you can commit these files. So, you commit the group of files along with a commit message explaining what is the about. Apart from the commit message, this step also records the author and time of the commit.
  • Now, a snapshot of the files in the commit is recorded by Git. The information related to this commit (names of files committed, date and time of commit, author of commit, commit message) is stored in the Git directory. 

Thus, the Git directory is the database where metadata about project files’ history will be tracked. 

Q5. What do you understand by Git protocol?


Answer. Git protocol is a mechanism for transferring data in Git. But Git protocol does not support any authentication. So on plus side, this is a very fast network transfer protocol. But it lacks authentication.

Git can communicate using four protocols-

  1. Local,
  2. HTTP,
  3. Secure Shell, and
  4. Git.
  • Local protocol uses when the remote repository is on the same disk but in a different directory and is generally used in cases where users share a common filesystem. The file-based repositories are easy to set up but not the easiest to set up when you want users to be able to work remotely.
  • Secure Shell (SSH) is an authenticated protocol which comes with the advantage of being easy to set up, efficient read and write. It is easy to set up, and the connection is secure as the data transfer is encrypted.
  • HyperText Transfer Protocol(HTTP)/ HyperText Transfer Protocol Secured (HTTPS) is probably the simplest protocols to set up. It is also not resource-intensive for the server. Once the repository is placed under a web server, all the users who can access the server have access to the repository. However, there will be a considerable amount of network overhead, and cloning might take longer.
  • Git protocol is available with Git and is one of the fastest protocols. However, it lacks robust authentication features and is generally suitable to offer read-only access to public projects. It is not uncommon to pair it with SSH for specific users who need to write access. It listens on a dedicated port 9418 which provides services similar to the SSH protocol

Q6. What is “git commit -a”?


Answer.
“git commit -a” is used to write a commit message in Git. The -a is to instruct the git to commit the new content of all tracked files that have been modified.

If any new file needs to be committed for the first time, “git add<file>” is used before git commit.

Q7. Define conflict in git? How you can solve a conflict in git?


Answer. A conflict in Git arises when the commit that needs to be merged in one file, and also the current commit has changed in the same place in that file. And in this case, It is not able to predict which change should take precedence.

For solving any conflict in Git, we need to edit the files for fixing the conflicting changes and then we need to run git add command to add the resolved files.

After that git commit command that needs to be run to commit the repaired merge.

Q8. What are the advantages of git over SVN?


Answer.
The differences between Git and SVN are:

Git SVN
Git is a decentralized version control tool.SVN is a centralized version control tool.
The entire repository can be cloned
on the local system.
Version history is stored on a server-side
repository.
Commits are possible even if offline. Only online commits are allowed.
The work is shared automatically on commit.The work is not shared automatically.
Push/Pull operations are faster in Git Operations are slow.

Q9. Why a developer need branching in git? How to create a new branch in git?


Answer. Branching is used to create a new own branch till some commits and then can easily switch between those branches. Git allows the developers to have multiple local branches that can be entirely independent of each other. This will definitely help the developers to go to their previous work keeping the recent work intact.

Use the following command to create a new branch in GIT:
$/> git checkout –b <branchname>

Q10. Difference between “git merge” and git rebase”? And when do you use git rebase instead of git merge?


Answer. Rebasing and merging are the two most popular ways of applying changes from one branch into another one. They both give similar results at the end but work differently.

In Git, the rebase command integrates changes from one branch into another. As well as it is an alternative to the better-known merge command. Most visibly rebase differs from merge by rewriting the commit’s history, in order to produce a straight, linear succession of commits.

Merging is the way of putting forked history back again. The Git merge command to let the developers take the independent lines of development created by the Git branch and integrate them into a single branch.

With rebase you say to use another branch as the new base for your work.

when to use git rebase instead of git merge:

  1. If you have any doubt, use Git merge.
  2. The choice for Git rebase or merge based on what you want your history to look like.

Q11. Suppose you have to remove a file from git without removing it from your file system. How can you do it?


Answer. Syntax:

git reset filename          # or
 echo filename >> .gitingore # add it to .gitignore to avoid re-adding it

Q12. Explain the git-flow workflow?


Answer.
Gitflow workflow employs two parallel long-running branches to record the history of the project, master and develop:

  • Hotfix

    Maintenance or “hotfix” branches are used to quickly patch production releases. Hotfix branches are a lot like release branches and feature branches except they’re based on master instead of developing.
  • Master

    It is always ready to be released on LIVE, with everything fully tested and approved (production-ready).
  • Develop

    It is the branch to which all feature branches are merged and where all tests are performed. Only when everything’s been thoroughly checked and fixed it can be merged to the master.
  • Feature

    Each new feature should reside in its own branch, which can be pushed to the develop branch as their parent one.

Q13. What do you mean by git fork? Explain the advantage of forking workflow.


Answer.
fork is a remote, server-side copy of a repository, distinct from the original. A fork isn’t a Git concept really, it’s more a political/social idea.

The main advantage of the Forking Workflow is that contributions can be integrated without the need for everybody to push to a single central repository that leads to clean project history. Developers push to their own server-side repositories, and only the project maintainer can push to the official repository.

Q14. What is the difference between git fetch and git pull?


Answer.
The difference between git fetch and git pull.

Git FetchGit Pull
git fetch really only downloads new data from a remote repository – but it doesn’t integrate any of this new data into your working files.

Fetch is great for getting a fresh view of all the
things that happened in a remote repository.

Use command:
$ git fetch origin
git pull, in contrast, is used with a different goal in mind: to update your current HEAD branch with the latest changes from the remote server.

This means that pull not only downloads new data; it also directly integrates it into your current working copy files.

Use command:
$ git pull origin master

Q15. What is git stash? Is it possible to create multiple stashes in Git?


Answer. Git stash is a temporarily shelves or stashes that help you with the changes that you have made to your working copy so you can work o some another project also, and then come back and re-apply it later on.

The Git stash will take the working directory in the current state and index it to put on the stack at a later stage so that what you get is a clean working directory. This means that if you are in the middle of some task and need to get a clean working directory and together you want to keep all your current edits then you can use the Git stash.

Yes. You can run git stash several times to create multiple stashes, and then use git stash list to view them.

Q 16. Explain git revert command?


Answer. The git revert command is a forward-moving undo operation that offers a safe method of undoing changes. Instead of deleting or orphaning commits in the commit history, a revert will create a new commit that inverses the changes specified. Git revert is a safer alternative to git reset in regards to losing work.

Q17. What is a commit message? How you fix a broken commit?


Answer. A commit message is a comment that we add to a commit. We can provide meaningful information about the reason for commit by using a commit message. In most of the organizations, it is mandatory to put a commit message along with each commit. Often, commit messages to contain JIRA ticket, bug id, defect id, etc. for a project.

To fix any broken commit, you will use the command git commit—amend. By running this command, you can fix the broken commit message in the editor.

Q18. Explain the term sub-git and how it is useful in your project?


Answer.
SubGit is a tool that is used for a smooth, stress-free SVN to GIT migration. It is a solution for a company-wide migration from SVN to GIT.

The widely used for the following reasons:

  • It is much better than git-SVN.
  • There is no requirement to change the infrastructure that is already placed.
  • Allows using all features of Git and SVN.
  • It provides a genuine stress-free migration experience.

Q19. Why git better than subversion?


Answer. Git is decentralized, so all your local copy acts as a repository to compare and keep in under view, while the remote repository is inaccessible. Whereas the subversion is centralized that the repository can get offline and affect the work. That’s why developers found Git better than Subversion.

Q20. Difference between pre-receive, update and post-receive hooks in git?


Answer.
The pre-receive hook is invoked when a commit is pushed to a destination repository. Any script attached to this hook is executed before updating any reference. This is mainly used to enforce the development of best practices and policies.

An update hook is similar to a pre-receive hook. It is triggered just before any updates are done. This hook is invoked once for every commit that is pushed to a destination repository.

Post-receive hook is invoked after the updates have been done and accepted by a destination repository. This is mainly used to configure deployment scripts. It can also invoke Continuous Integration (CI) systems and send notification emails to relevant parties of a repository.

Q21. Do you differentiate between Head, working tree and index?


Answer. Differentiate between:

HEAD: It is a reference to the last commit in the currently checked-out branch.

Working Tree: It is the directory tree of sources and files that you edit and see. Also known as a workspace and working directory.

Index: This is the single, large, as well as a binary file in <baseOfRepo>/.git.index , which lists all the files in the current branch.

Q22. What are the various branching strategies for a developer in git?


Answer. Various branching strategies are as follows:

Feature Branching: 

A feature branch keeps all the changes for a particular feature inside a branch. When the feature is fully tested and validated, then it is merged into master.

Task Branching: 

In Task branching, each task is implemented on its own branch with the task key included in the branch name. With this, it is easy to see which code implements which task, just need to find the task key in the branch name.

Release Branching: 

We can clone a branch to form a release branch once the develop branch has acquired enough features for a release. Creating the release branch starts the next release cycle, and hence no new feature can be added after this point, only bug fixes are allowed.

Q23. Major difference between Git and GitHub.


Answer. Git v/s GitHub.

Git GitHub
Git is a distributed version control system
which tracks changes to the Git creates a local repository to track
changes locally rather than store them on a
centralized server. source
code over time.
GitHub is a web-based hosting service for Git
repository to bring teams together.
It is a command-line tool that requires an interface to interact with the world.It is a graphical interface and a development
platform created for millions of developers.
Git creates a local repository to track
changes locally rather than store them on a
centralized server.
GitHub is open-source which means code
is stored in a centralized server and is
accessible to everybody.
It stores and catalogs changes in code in a repository.It provides a platform as a collaborative the
effort to bring teams together.
It can work without GitHub as other web-based Git repositories are also available.It is the most popular Git server but there are other alternatives available such as GitLab and BitBucket.

Q24 Describes the function of “Git Clone” and “Git config”?


Answer.
Git Clone: It is a command which creates a copy of an existing Git repository, and to get a copy of a central repository. Cloning is the most common way used by programmers to secure their projects.

Git config: It is a command that convenient way to set configuration options for your Git installation. The behavior of a repository, user info, preferences, etc. can be defined through this command.