Each one of us come up with ideas, be it whether you are working in a corporate environment or you already have a business. However, it all depends on how well the idea is executed, the team, timing, funding, etc.
Wrike, a project management information systems software company that has various products in the project management software area has come up with a very precise and handy infographic titled – ‘Top 10 reasons startups fail‘
Infographic brought to you by Wrike project management information systems software
What according to you are some of the reasons, startups fail? Do leave your thoughts in the comments section…
How many times it has occurred that you plan to complete a certain activity in a couple of hours but end up spending much more than time what is expected. If you are leading a team, the same might also apply to your team members.
The delay could be because of unwanted meetings, resolution of blocker issues, unproductive use of project time, delay of dependent deliverables, etc. In some cases, the delay might enter into an infinite loop thereby adversely affecting the project deadlines and hampering motivation of team members!
It is estimated that 25% of the average worker’s day is wasted on inefficient work, which means that If you work an 8-hour day, that’s 2 hours wasted every day i.e. 520 hours/year. Hence, it becomes important to use right as well as efficient scheduling tools for project management.
Wrike, a company that specializes in the development of project management tools] has come up with a very informative infographic that highlights the challenges faced by leaders and team managers to ensure efficient Work Management.
Infographic brought to you by Wrike scheduling tools for project management
Do leave a comment on the Work Management tools that you use for better management!
PayPalis one of the most successful payment processors today. It is available in 202 countries with 203 Million active users. There are 770,793 websites currently accepting payments with PayPal, and this number is growing day by day.
PayPal has remarkable founders and employees, who have succeeded in different spheres later in life. Chad Hurley, Steve Chen, Jawed Karim, the former employees of PayPal founded YouTube, Reid Hoffman founded LinkedIn, Elon Musk founded Tesla, Yelp was founded by Russell Simmons and Jeremy Stoppelman.
Find more interesting facts about PayPal in the infographic, that experts from Play-N-Pay compiled for you. Today we will cover the most interesting six facts about PayPal, which you should know.
$20, $10, $5 marketing strategy
In its early years, PayPal was charging money from every new user. At first, it was a $20 fee, then $10, $5 and PayPal grew at almost 10% per day. From March 2000 to August 2000, PayPal’s user base jumped from 1 million to 5 million. After this early success, PayPal quickly went public on NASDAQ.
PayPal went public twice
In 2002, PayPal stock grew to 55% on NASDAQ. After this in July, the same year eBay bought PayPal for $1.5 billion. This money gave the opportunity for PayPal’s founders to reshape much of the technological world we know today. In 2015, Ebay spun off PayPal, and the two companies were divided again. Since then PayPal stock grew about 56%, and eBay’s stock is up by 43%.
PayPal supports 26 currencies
Though PayPal supports 26 currencies, there are differences in the accounts for different countries. For example, there are many countries where PayPal users can’t enjoy some of the financial features that Americans do. They can’t cash out money from their online wallets, but they can still make purchases. Also, PayPal’s currency exchange rate is a bit lower for many currencies. But overall, it is a great help to make and receive payments for many people around the world.
43.86% of PayPal users are from the USA. The second comes from Germany with 17.61%, followed by the UK with 14.39%. 87% of millennials in the US use PayPal for receiving and sending money. Around 30% of PayPal transactions are made through mobile devices.
PayPal is all over the world
PayPal has 56 offices in 31 countries. It’s centers and offices are located in Arizona, Nebraska, California, Texas, Germany, Singapore, Malaysia, Ireland, China, India, and many others. Meanwhile, PayPal’s operations center is not in fancy Silicon Valley, but in Nebraska! PayPal has 18,000 employees of 119 nationalities. 55% of them are millennials.
It is interesting to know, that there are 13 countries [Belarus, North Korea, Iran, and Iraq included] where PayPal is officially prohibited.
PayPal is a partner with numerous large companies such as Google, Facebook, Visa, Master Card, Telcel, and Vodafone.
Users love PayPal
86% of PayPal users are likely to recommend the service to their friends. Additionally, the US citizens consider PayPal to be the second safest payment system after credit card.
Read the amazing story about PayPal and it’s growth here
You have a path-breaking idea and willing to quit your job to start-up on your own, great! But depending on the idea and the market that you are targeting e.g. mobile, software, IOT, etc. you need to figure out whether you need to look out for external/institutional funding or continue being a bootstrapped startup [on the lines that you at least have an MVP ready]. If you are a hardware startup, you might also think of starting a Kickstarter campaign.
Wrike, a project management software products platform that is used by high-performance teams has come up with a very informative infographic titled 7 Ways to fund your startup. We liked the overall presentation due to which it can be an informative guide for a newbie entrepreneur or for someone who is willing to take their startup to the next phase.
Infographic brought to you by Wrike project management software products
‘Meeting’ is something that is applicable in our day to day lives, more so in a professional’s life. Many times, corporate employees have to spend the entire day in meetings and some of them might turn out to be entirely pointless. We already see many of you nodding their heads 🙂
Sticking to the agenda of a meeting becomes very critical since it not only involves you but also a set of team members attending the meeting. Hence, it is the collective responsibility of the meeting attendees to ensure that they do not digress from the core agenda in order to make the meeting super-productive.
Meetings can sometimes be quite hectic and an unproductive meeting at the start of your workday could ruin your remaining time in office. It becomes imperative to decide whether you really want to call for a meeting or whether you can do away with ‘that’ meeting by using some effective project management tools so that you can collaborate with your team in a much better manner. In order to be an effective planner of your activities, you need to use the right set of free [or premium] project management tools that can also be used for cross-site teams. Better project planning could eventually result in far lesser face to face meetings!
Wrike, a work management & collaboration platform used by high-performance teams has come up with a very informative infographic titled Should we have a meeting. We liked the overall presentation which is in the form of a flowchart with the core being ‘go vs. no go’ for a meeting. We hope that you use it for executing a ‘productive’ meeting!
Infographic brought to you by Wrike free project management tool
What are some of the methods you follow to have an effective meeting, do leave your suggestion in the comments section…
Uber the largest on demand ridesharing company have announced the completion of 500 million trips, a key milestone in its four year journey in India. This also comes at a time when the company announced marking double digit growth in the country, and almost 2.5x YoY growth as of June’ 2017.
Commenting on the occasion, Amit Jain, President, Uber India & South Asia said
This is a significant landmark for Uber in India. Four years ago, India was the 18th country in the world to experience the magic of ‘push a button and get a ride’, when we launched in Bangalore with just 3 employees. Today, we are over a 1000 member team who share the common vision of redefining the future of urban mobility. Achieving new milestones and continuing our exponential growth journey is a reflection of a strong business we’re building in India. I’m humbled at the pace at which Uber has grown and the impact we continue to make to the lives of our riders, driver partners and the cities we operate in.
A look at the journey so far…
Growth with impact
Since August 2013, the growing number of driver partners and riders who embraced the new idea of ridesharing and disruptive technology is remarkable. Ever since, the pace of adoption across the country has been truly exceptional. In 4 years, Uber expanded its service to 29 cities across the country.From providing riders with multiple choices to creating micro-entrepreneurship opportunities, more and more people continue to rely on the service for their daily commute and livelihood, which resulted in double digit growth in the country with the business growing by 2.5x in June 2017 YoY.
Partners in growth
4,50,000 registered driver partners – the magnitude of their commitment and ambition is commendable. Four years in, Uber has created flexible working opportunities for tens of thousands of driver partners. Through UberSHAAN, Uber aims to create 1 million livelihood opportunities as micro-entrepreneurs in India by 2018. Today, they are carving out better, more secure futures for their families by making the pivotal switch to be an independent entrepreneur. They keep cities moving every day, helping riders get to where they need to be. Today, over 80% Uber rides are rated a 5-star experience, none of which would have been possible without their commitment and dedication.
Riders who trust in Uber
Riders and driver-partners have travelled over 5,791,025,961 Km together! With over 5 million weekly active riders in the country, India continues to be one of the biggest markets for Uber, outside the U.S. Whether it’s a ride to work, or one after a night out, Uber is committed to provide a service so reliable and affordable that it drives a fundamental shift from the prevailing paradigm of private car ownership to one of shared commute.
Multiple vehicle options
Every geographic region has its own unique transportation requirements and challenges, and the same reflects in Uber’s diverse product portfolio for the Indian-market. With seven vehicle options, Uber offers cities low cost, flexible solutions that cater to various needs. First/last mile ride to the metro station on an uberMOTO, longer duration trips in UberHIRE or a shared ride in an uberPOOL, the aim is to reduce congestion by complementing public transit systems and eliminating the use private vehicle over time.
Launched in Bengaluru in September 2015, uberPOOL is now available in Delhi Hyderabad, Kolkata, Mumbai, Chennai and Pune. Today, over 25% of Uber rides are taken on uberPOOL. This has resulted in saving over 480,00,000 kms, which equals to 62 trips to the moon and back; 23,00,000 litres of fuel saved and prevented the emission of over 53,00,000 kgs of CO2, that would have otherwise required 4500 acres of forest a year to remove. Backed by technology, Uber is working towards getting more people into fewer cars and helping cities reduce congestion and pollution over time.
Innovating in India, for India and the world
India is a global priority for Uber, in terms of investment, growth as well as innovation. Uber launched Asia’s first Engineering Center in Bengaluru (Bangalore) in January 2016, a testament to Uber’s commitment to investing in India. With over 100 engineers spread across Bangalore and Hyderabad, several India-first initiatives like uberDOST, Emergency Button, Cash and Dial an Uber have also been launched in countries around the world. In 2015, Uber also set up a CoE in Hyderabad, with nearly 400 employees who focus on providing the best customer support to our riders and driver partners, including a dedicated Incident Response Team that manages critical incidents.
The future – leapfrogging car ownership
Despite very low rates of car ownership-just 18 vehicles per 1,000 people in India compared to 797 in the US, cities in India suffer from some of the worst congestion problems in the world with average speeds falling to 15 kmph and slated to reduce to 5 kmph by 2020 in major cities. Tackling alarming pollution and congestion levels requires concerted action and as responsible corporate citizens, Uber aims to be a part of the solution. Complementing government’s efforts around tackling congestion and encouraging the adoption of carpooling with the help of technology [UberPOOL], Uber is enabling several people travelling in the same direction to share a ride – essentially turning the car into a public good. There is a huge appetite for reliable, efficient and affordable ways to get to and from a particular destination, especially around commuting routes underserved by public transit.
All of this wouldn’t be possible without the dedicated service of driver partners and loyalty of our riders. To say thanks and express gratitude, Uber is giving each of the lucky 176 driver partners INR 5000 and the lucky riders Uber credits worth INR 500.
Moving forward, Uber is more focused than ever before on building features for riders & drivers that will help the company get to the next five hundred million.
There is a very good saying A Boss says ‘Go’ whereas a Leader says ‘Let’s Go’. Though the only difference between the two of them is the use of the word Let’s, it changes the entire tone of the sentence. The boss is ‘ordering’ his team whereas the leader is ‘leading’ his team! There is a vast amount of difference between a ‘Boss’ and ‘Leader’, you might be a good boss but that does not equate to being a good leader.
Good leaders motivate their team members and they are a source of inspiration. They encourage their employees to improve their skills so that they can take the organization to the next well. They always have a deep sense of understanding as to when they need to manage, lead or pitch in a discussion. There are tons of differences between leaders and bosses; right from the manner they make crucial decisions, manage teams using project management tools, collaborate activities between cross-site teams using cloud collaboration tools, pitch to customers for contracts, handle employee feedback and appraisals, etc.
In very simplified terms, Leaders are respected by people whereas Bosses are forced to be respected by people. We recently came across this very informative Infographic from Wrike (a work management & collaboration platform used by high-performance teams) that highlights the glaring difference between a Boss and a Leader.
Infographic brought to you by Wrike cloud collaboration tools
What according to you should be the traits of a good leader, do leave your suggestions in the comments section…
Your company has won a new contract and you are gearing to start the project. As a business project manager, before you chalk down the set of activities, tentative deliverables, roles & responsibilities of team members, risks, etc. it is very important to have a Kick-off meeting for the project. Kick-off meeting is an enthusiasm-generator for the customer and the team members involved in the project. As a project manager, you need to pull up your sleeves and plan activities using effective & productive project management tools so that you can focus on planning as well as execution.
One such platform is Wrike, a work management & collaboration platform used by high-performance teams. It is ideal for managing localized project teams as well as distritubuted teams. So, before you start working on your project planning, let’s have a look at some interesting tips for setting up a successful project kick-off!
Infographic brought to you by Wrike business project manager