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Sujata Dasgupta: Leading the way for the Greater Good!

Amidst COVID-19 pandemic, many sectors in various industries have had faced difficult time. Be it healthcare, fintech or IT, the damages done to businesses ranges from lowest to the highest. Yet, in such striving/difficult times, some leaders have beautifully portrayed their exceptional skills on sustaining their organizations to its desired stature. One such professional is Sujata Dasgupta.

Being the Global Head – Financial Crimes Compliance Advisory at Tata Consultancy Services, Sujata has excellently implicated her unique ideas and methods to enhance the financial risk management and compliance.

“Early in my career, my goal was to rise the corporate ladder, just like anyone else,” quote Sujata. She envisions to finding a purpose and adding value through the work she does, rather than to only focus over the career growth. That later become her driving force to last 5-6 years. Moreover, she is extremely active in the global community on financial anti-crimes, and wrote in multiple journals and spoke extensively at industry events about this subject.

Tycoon Success admire such leaders and takes pride in featuring Sujata in its special edition ‘The 10 Young and Inspiring Businesswomen to Watch’.

Below are the highlights interview:

A Journey worth Appreciating

She started his career as a Banker with India’s largest bank, State Bank of India (SBI), in the year 2000. Having worked across varied functions from retail banking to corporate credit, foreign exchange, risk and compliance in India and New York for close to 7 years, she moved to the IT industry as a banking advisory consultant. She states that in the last 14 years, she initially worked in IT services and eventually moved to IT and Management Consulting, focusing on non-financial risk and compliance. During this period, she worked earlier with IBM and Infosys, and now with Tata Consultancy Services (TCS) where she head the global advisory on financial crimes risk management and compliance. She have worked in 7 countries across USA, UK, Europe, and Asia, in Risk and Regulatory compliance related transformational programs for leading global banks. And, she is currently based in Stockholm, Sweden.

Accomplishing many Achievements

Sujata states that there have been several achievements during her career which are very precious to her, as each has helped her to grow both personally and professionally. From being the topper in the selection for foreign postings from SBI India (leading to her New York deputation) to several awards in IBM, Infosys and TCS, being featured in interviews by leading international journals viz. She also states that the Economist and Bloomberg, the privilege to run her own column in Corporate Compliance Insights, USA, being invited to speak in the FinCrime World Forum where each one has been very special. However, she states that the most recent accomplishment, and probably the most notable yet, has been winning 2 prestigious international awards in the March 2021 – ‘Risk Professional of The Year’ by Waters Technology in their ‘Women in Technology & Data Awards’ and ‘Fraud Prevention Award’ by Themis in their Anti-Financial Crimes Awards 2021. “Industry recognitions like these are truly motivating and drive me to pursue my passion in the risk and compliance field with a stronger resolve!” quotes Sujata.

Overcoming the Challenges

Sujata addresses that her area – financial crimes risk and compliance – is a very dynamic, complex, and challenging space to work in. Thus, it takes a lot of effort to stay up to date with all that is going on in the financial world in terms of Regulations, technology advancements, emerging risks and designing corresponding controls. “But this is an area which has grown beyond my profession – it is more of my passion now, and I consider myself one of the many fincrime fighters who are doing their bit to prevent some of the disastrous impacts of these crimes on human lives, environment and the economy!” says Sujata. So, in addition to helping her clients develop robust risk management and controls framework around fincrime and other non-financial risks, Sujata is and has been very active in the global community writing and speaking on this particular subject to bring awareness in these areas as well.

A Unique Approach

Sujata asserts a commonly known definition of leadership which states that it is about inspiring people to do things they never thought they could. And she tries to inspire by example, by pushing her own boundaries, reinventing herself and accomplishing new milestones, continuously learning while keeping her ear to the ground to stay ahead of the curve. She also believes in and also practice sending the elevator back down, to groom and nurture the next layers and build the leaders of tomorrow. When asked about success, Sujata explains that success for her is to be happy doing what she love and making a difference in the process by achieving tangible results. With years passing, her idea of success has changed from material wealth and rising the career ladder to pursue her passion of research and innovation, writing and speaking on the subject that has grown very close to her heart—anti-financial crimes. “The fact that I have had a positive impact on the businesses of our clients as well as the global community in this pursuit, and the recognitions that have come my way through this are what I hold as my successes!” Sujata adds.

Creating Room for new Ideas

Sujata states that she is a strong advocate of data-driven and AI powered solutions for financial crimes risk management & compliance (FCC), aligning with the business 4.0 agenda that is steering all industries globally. FCC is poised to witness a digital disruption in this new decade, and she has been sharing her ideas on leveraging digital innovations like smart identification and verification solutions for KYC, automated screening for customers and transactions including adverse media, AI based transaction monitoring, graph technology based linkage analysis for discovering criminal networks, dynamic risk monitoring and due diligence, to name a few. She advise that enriching financial institutions’ data quality through ongoing remediation and integration of internal data with external data, as the effectiveness of AI models are heavily dependent on the firms’ data quality. She describes herself as a people’s person and have strived to build effective relationships with her teams and all stakeholders she work with.

Through quoting, “A leader is as good as his team, and that is why I invest a lot of effort in grooming those who work with me, bringing out the strengths they are not sure of themselves!” Sujata states that she leads her team from the front, with a clear vision of what she and her team must and can achieve, enabling her team to work towards that goal. She trust her people and give them the autonomy to drive initiatives on their own, while providing all the required support to achieve the target.

Advice to Rely On

Sujata expresses that her parents have always advised her to stay humble and keep her feet firmly on the ground, no matter how high life takes her. Incidentally, after her successive international award wins this year which are undoubtedly some of the highest points of her life, a close friend of hers gave me this very advice which says, “I do not to get carried away by this success but stay humble and continue the hard work!”

Sujata believes in ‘Empathy!’ She recites a quote that she read long ago: ‘if you want your team to accomplish great things, you must first show them that you truly care’ and has always stayed with her. She admire such quality in her superiors and do practice with her teams. She discovered that empathetic leaders are able to communicate with their team better, eliciting more effective feedback in the process.

Why iterative innovation is my business strategy of choice in 2021

The year 2020 turned out to be, among many other things, the single greatest catalyst of digital transformation across industries and regions. As the COVID-19 pandemic disrupted economies around the world, organisations had to quickly adapt to enable remote work for their business to remainproductive.

World trade declined by an estimated 9.2% in 2020. Recent data by the World Bank indicate growth in sub-Saharan Africa will fall to -3.3%, pushing the region into its first recession in 25 years and pushing an estimated 40 million people into extreme poverty.

Lacking the deep pockets and extensive social security safety nets of their more developed peers, African nations will need to apply ingenuity and innovation to get the continent’s growth and development back on track.

The response by Africa’s business sector could hold the key to how the continent overcomes the economic challenges ahead, while also building greater resilience and adaptability for future disruptions.

Small steps, not giant leaps

One of the outcomes of the widespread disruption of 2020 is that business leaders and their technology partners are likely to forego large, waterfall projects in favour of taking small, consistent steps on their business transformation journey in 2021.

A strategy of iterative innovation can enable businesses to make consistent improvements to their current products, services and strategies. Iterative innovation implies that businesses enter into a process of continuous improvement, measurement and learning. Successful iterative innovation ensures the business extends its capabilities while navigating any new disruptions or emerging complexities.

Taking an iterative innovation approach means huge, expensive and lengthy digital transformation projects are substituted with a greater number of much smaller, well-defined and clearly measurable projects that focus on delivering quick business value.

However, iterative innovation requires an environment of learning. Analytics should be embedded in business processes to provide real-time visibility over the performance of these innovation projects.

By measuring impact, analysing insights and applying learnings, business leaders and their technology partners can ensure each iteration builds on what has been achieved, moving the business closer to its goals.

Mobilising executive support

In the face of the disruption every industry is experiencing – economic, technological, and pandemic related – there is tremendous value in the ability to take constant steps toward greater performance, productivity and innovation. However, this requires bold leadership.

Business leaders need to mobilise and bring functional heads together to actively drive projects to a successful outcome. The very best business transformation projects are built around active participation from executives whose involvement helps ensure the project delivers direct business value and supports organisational strategy.

If organisations wish to thrive in our disruptive digital economy, innovation needs to be driven throughout the company from both IT and business.

What does this mean for their technology partners?

Firstly, technology partners need to engage with their customers at a business level, not a purely technological one. The goal should be quick time-to-value – what can we do to achieve positive business results and drive iterative innovation quickly and consistently?

Secondly, a customer-first strategy is vital. This may mean making small sacrifices in the short term to secure long-term value. For example, instead of insisting on a total digital transformation project, technology partners should seek opportunities for smaller deployments that address specific issues along the business value chain to produce measurable results. As each project builds on the last, bigger business and technology priorities become achievable.

Thirdly, an organisational culture shift is needed. The nature of business is that we all pursue monthly and quarterly targets, and our success is often measured along similar lines. An exceptional sales strategy would balance the need for immediate results with what’s best for the customer in the longer term. This requires that leaders take a long view, and not sacrifice long-term gains for short-term outcomes.

To echo Albert Einstein, we can’t solve our problems with the same thinking we used when we created them. The digital transformation of the African continent is continuing apace. By changing our collective strategy and shifting focus to a more iterative approach to innovation, the continent’s business sector could be well-placed to emerge from our current crisis stronger, more resilient and with greater long-term sustainability.

About SAP

As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 440,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.

The Ultimate Guide To Women In Interior Design

As a team, we’ve been thinking about how businesses and especially women in business have been affected during the pandemic and how we can support our team as we return to more normal operations. In many countries, the female labor force is at a 30year low, which some experts attribute to the quarantining. Achieving a work-life balance was challenging in “normal” circumstances but has been even harder during the months of remote working. Some women are responsible for additional hours of caregiving than ever before. If the woman shares a home with a spouse and children, space and internet bandwidth is at a premium. It is challenging to create any separation between life and work responsibilities. These factors have forced many women out of the workforce altogether. Although some economists predict a big comeback, growth in some industries may be slower than others. In order to accelerate the regrowth, companies should provide a clear path for staff, but especially women, to return to the workforce.

For us at Opaal Interiors, this global pandemic has taught us so much. We streamlined our virtual collaboration process to allow our whole team to continue working together. We were happily surprised with how much productivity is possible even during quarantine. The entire industry now realizes that virtual work is more possible than we had imagined, especially as teams adopt the use of technologies. But, as soon as we could safely allow people back into the office, Opaal Interiors did encourage the staff to return. We may continue to use hybrid methods of communication and project management now that we have integrated these technologies into our process. Other companies adopting these practices could also provide opportunities for women who live in more remote areas or who didn’t previously have access to higher-income positions. For women at any stage of their career, there’s good lessons to focus on as we look to grow professionally in a post-pandemic world.

For women at the beginning of their careers, the path to success is much the same as it has always been. It’s important to not let a slow economy scare you away from pursuing our dreams, learning new skills or stepping into new leadership roles. While it may seem counterintuitive, a study released by the Kaufman Foundation in 2009 found that over 50% of Fortune 500 companies started either in a slow economy or recession. You must build a plan for your professional growth. This may be the perfect time to learn new skills or get additional training and education for a new line of work. By following your passion and leveraging your natural abilities, you can discover opportunities to make a positive impact on the world around you. You may find yourself as CEO of your own company! As your confidence grows, you will be able to take on more responsibility and work your way up. After working for fifteen years at Emaar Properties, we had developed a good process and learned what was missing in the market. The choice to venture off to launch Opaal was not without its own challenges, but we felt confident that we could build a business to meet the needs of our future customers. Being a first-time business owner can be daunting, but you can lean on your family, friends and professional mentors, when possible. For Opaal Interiors, some of the most challenging times for us came in the early years. Without an established client list, we were pitching against well-established firms, and had to build our reputation on providing excellent customer service. I am happy to say that our patience and determination has paid off. I’m very proud of where we are today. If you are just beginning your own entrepreneurial endeavors, I encourage you to be focused, flexible, and persistent. It’s not easy to start something, but it’s not impossible.

For women who are in the middle of their careers or perhaps already responsible for bigger teams, this may be the time to focus on growing a specific area of the business, so that you don’t spread yourself too thin. You must understand what sets you apart in the market and lean into those differences. What sets Opaal apart is the strength of our client partnerships. Both strong creative leadership, and real client partnership exist side-by-side. This approach also informs our hiring strategy and we take great care in the hiring and training process. We make sure each team member understands the unique way we run our business because we want a sense of shared ownership across the company. We try to give young designers each a voice and opportunity to develop and use their skills. Our hope is that they are empowered here at Opaal to step bravely into the world of design if and when they choose to move on to other opportunities.

As women, we may feel pressure to blend in, but we should not be afraid to stand out in your work! As a professional, it’s helpful to understand our strengths and natural skills so that we can bring that authentically into our work. We must also know and harness the unique gifts that may be stereotypically ‘feminine’. If you have the skill of precise and insightful communication with others, accept it! This is a huge asset to any business. If you are naturally warm, empathetic, expressive, humble, let these serve your business and your clients. Client partnerships are a critical aspect of most businesses, and the ability to place ourselves in the shoes of the client will give us a real edge on the competition. It is also crucial to give ourselves space and quiet to nurture creativity. When the pace of life slowed down at the onset of the pandemic, our creative brainstorming capacity at Opaal Interiors shot up tremendously. We need to pay attention to that.

Innovation and creativity have been critical to our success in the interior design industry. Staying on top of trends, (or better yet, setting trends,) can seem daunting, but we have to make a little space for exploring new ideas every week. This sounds simple, but it is incredibly hard with all the other demands on the business. So, if innovation is important to your business, you must prioritize creative exploration every week. For us, innovation may be in the form of new ways of operating the business or a new creative use of a material that we’ve never explored before. Either way, it is a combination of response to the demands of our customers and the creative vision that we want to bring to life. One of most successful results of innovative thinking at Opaal Interiors in the last five years has been to open a sister company to manage furniture procurement. It has afforded us the opportunity to serve our clients better while also giving our team the path to building additional skills. Whatever form innovation may take in your business, don’t forget that good ideas can come from anywhere.

For women nearing the end of their careers, we hope that you will continue to mentor and inspire the next generation. We need your wisdom, and we want to learn from your experiences. As we share our stories with each other, we feel empowered to realize our dreams and take bold steps forward in our journeys. We love to see so many women stepping into leadership roles, and we’re thankful to magazines like this who shine a spotlight on female entrepreneurs.

The 10 Young and Inspiring Businesswomen to Watch 2021

Best Practices in Automation of Ecommerce

e-Commerce is a vast domain that literally spans a large footprint all around the world. We try to simplify our e-Commerce design every time so that things would go on smoothly and the processes can be carried out faster. But times have changed, and with it, the strategies have changed as well.

This is the age of automation, and e-Commerce has also benefitted from this immensely. Automation is carried out in increasing numbers and frequently so that it fosters a better association with the clients. It would also ensure that as the boss, you don’t have to do the same things repeatedly and all over again.

Some things can be automated and left it to the system for saving up time.

Best Practices in Automating Ecommerce

Let us take a comprehensive look at how some of these practices would help out your e-Commerce website in effectively managing things. Some of these steps are given below,

Have an E-mail Workflow ready with you.

It is important to make a first impression every time you set up a meeting or communication with new clients. You must ensure that you as a customer would be bound to cater to them at every step of the way. This is why you must have the facility of automated welcome emails, which is actually an important step concerning email marketing.

Having a complete email workflow for every step would help you keep in touch with your clients without missing an update. Be it welcome emails or at any other step in the workflow, it always helps.

Track up your High-Profile Clients

The one possible way to know whether your e-Commerce business is doing great or not would be the testimonials that you receive from the clients. It is essential that you always make the client feel special when they use your services since they provide you with the required capital.

You can place up some reward systems for the clients that are high up your list, the ones with whom you can take in a large sum guaranteed. Target these clients specifically, and accordingly invite them to the loyalty programs.

Contact your Infrequent Customers as well

This might come to you as a weird point but this is important as well. It is a great practice to contact the ones with whom you are in touch with frequently, but it is equally important that you contact the ones that are not. Engaging such customers positively is something that people rarely focus on which is not a great practice.

Try maintaining a good relationship with every one of your clients, and automation would help you in this case immensely.

Merchant Accounts & Merchant Processing

It is important for an e-Commerce business to employ the strategy of merchant processing and possessing merchant accounts. Merchant account basically means that the e-Commerce companies will have tie-ups with the credit card companies thereby allowing a process called merchant processing.

It ensures that the merchant in question accepts the payments done by a credit card. The inclusion of automation will also ensure that online transactions be carried out swiftly, all thanks to merchant processing.

Focus on Customer Engagement

Whilst creating your automation workflows for your e-Commerce company, you also need to figure whether your customers would fit into this or not. Many companies fail to comprehend this fact and this can lead to serious disasters in a manner of speaking.

You can engage your customers for product reviews, suggestions related to some contents, providing some hot information on upcoming product launches, etc.

Conclusion

Automation is the next best thing in e-Commerce and it can help so many companies out there get through all the mundane stuff in a snap. But even that requires a lot of strategizing and a lot of planning to make sure that the workflow is top-notch and on par with your competition.

TOP 6 STOCKS TO INVEST IN ANY TIME

The global COVID pandemic has shaken the earth for quite some time now. It has also shaken the stock market with volatility in it being so spontaneous to consumer sentiments. The month of July had seen quite some dips and ups in the stock market, but even with its fair share of heart-stopping moments, it managed to finish in gains. The market saw one of the worst one-day sell-offs since last October with the rise in Delta strain of the Covid-19. But despite all such factors, equities also ended in gains by the end of the month, S&P also made almost 2.3% gain by the end.

So, keeping all such factors in mind and the market being so volatile that it is operating at very high superfluous rates, below are the TOP 5 Stocks that one should buy every time.

Adobe INC.

This software company has been in the play for quite some years now. It recently announced the $300 million valuations, which have raised the value of the company. In 2021, it outperformed in the second quarter of every analyst’s expectations, thus sealing it as a top market performer. Recently, subscriptions of its softwares like Lightroom and Photoshop have helped the company in its $3.8 billion turnovers. On the other hand, the company derives the largest profit from its digital sector, contributing $2.8 billion of the total revenue. It has shown promising growth year after year and is surely one of the market’s best choices at the moment.

2. BJ’s wholesale warehouse Club Holdimngs Inc.

This stock has been continuously growing since the pandemic and has shown promising returns in this quarter especially. During the pandemic, most consumers were looking for affordable products in larger quantities which helped bulk retailers like BJ’s hold on the pandemic market. Other than that fact, it was trading at 5 times lesser price than its direct competitor Costco. This gave BJ’s an extra benefit. Also, BJ’s was pulling in P/E 18 times more than Costco, which was 41. This made BJs a favourable stock for many investors. The company has plans of expanding its business and is surely one of the best stocks to invest in 2021 at this point.

3. The Walt Disney Co.

Even though 2021 has not been the year for Disney, it still remains one of the safest long-term blue chips to invest in. The lacklustre performance of Disney this year is due to the parks, entertainment division, and cruise line completely shutting down. But with new hopes, the cruises have started operating again since August. However, the new future of COVID-19 with the Delta strain is a risk. But still, Disney+ has been garnering triple subscribers every quarter, with now more than 100 million subscribers. So with such interests in its streaming platforms, investors can surely reply on its OTT platform revenue if Delta strikes.

4. Facebook Inc.

The world has gone digitally rightly, with Facebook’s return of this quarter being almost 21%. The company is valued at a humongous $1 trillion. It still continues to evolve with AI technology integration and better search features. It stands in the market with three other constitutes of its- Facebook, Whatsapp, and Instagram. The CEO, Mark Zuckerberg even has been planning on adding e-commerce to Instagram with the intent to create what he calls ‘metaverse’ with the aim of people working, playing, and living together in a digital world.

5. SONOS Inc.

The idea behind the growth of this premium speaker company is that when so many people are working from home, they will surely like an AI connected to the home system. It has been rightly proven with the company’s growth year-over-year being 15% and 90% respectively.

6. Lowe’s Cos Inc.

Lowe is a simple home improvement business that has a very strongly built foundation. The company has almost 16 times more forward earnings than its direct competitor Home Depot. It has been raising its dividend payout for 25 years now and currently has an almost 1.7% payout, which is quite attractive. Also, Lowe bought back its own shares in the first fiscal quarter and paid a whopping $440 million in dividends. This surely makes Lowe an attractive long-term investment.

Final thoughts!

These are the best stocks which have been performing really well, keeping in mind the current market situation. The list is obviously not exhaustive, but these are surely some of the best bets. It must also be mentioned that anyone who decides to invest should do their own research as we hold no responsibility for deciding one’s own actions.

Common Traits of an Entrepreneur

Many people aspire to be independent company entrepreneurs. They see their company as very successful, enabling them to amass tremendous riches, exercise complete control over their time and work schedules, and enjoy the flexibility to come and go as they choose. If this were the case, then everyone would be a successful entrepreneur today! Unfortunately, for the majority of individuals, this is not the case. Being an entrepreneur may be very rewarding, but it is also backbreaking labor. Here is a list of some typical traits that an entrepreneurs person must have.

Vision

To be successful, entrepreneurs must have a clear vision of what they want their business to be and briefly explain the purpose, objectives, and market position of their company. They should be clear on the who, what, where, when, and why of their company (and explain it simply to others).

2. Passion

A successful entrepreneur is enthusiastic about their company. It is an exhausting job, and putting in long hours will be difficult if you do not like what you are doing at the moment. People that are passionate about their job understand what it is that motivates them to keep working toward their goals.

3. Tenacity

Entrepreneurs with tenacity persevere in the face of a difficult situation. They are not the kind to give up lightly. Their ability to accept rejection and their willingness to learn from their errors demonstrate that they are mature individuals. They are willing and able to change and adapt their strategy to be successful the next time around.

4. Willingness to put up long hours

It is more challenging to be an entrepreneur than it is to be an employee. Entrepreneurs who want to be successful must be prepared to put in the time and effort necessary, sometimes for little or no compensation at the start of their business. Successful entrepreneurs are well aware of the danger and hard work required to achieve their objectives.

5. Confidence

The confidence in themselves and their businesses that distinguishes successful entrepreneurs is essential. They must have faith in their abilities and their ideas. Everyone who wants to start their own business will experience rejection at some point, and the most successful entrepreneurs are the ones who dare to keep trying and bounce back after adversity.

6. Flexibility

Things do not always go according to plan. A successful entrepreneur can adapt to changing circumstances. They are ready to learn from their errors and to adapt and adjust when the situation demands it. They are open to receiving suggestions from others and experimenting with new methods.

7. Ability to sell

An entrepreneur must be confident in their ability to sell. It is still necessary for the leader to be skilled at networking and to market themselves and their company to lenders, clients, suppliers, and other members of the company’s employees.

8. Prudent with one’s finances

Successful entrepreneurs are also excellent money managers. They make intelligent investments in overhead and ensure that they constantly keep track of their money and manage their cash flow effectively.

9. Having the courage to ask for and accept assistance

The most successful entrepreneurs understand their limits, recognize that they cannot do everything alone, and are ready to delegate tasks to others. They are not afraid to seek assistance. When professional counsel is required, they seek it out and pay for it.

10. Resilience

Bumps on the road are inevitable for every company, no matter how successful it becomes. The ability to bounce back from a setback is essential for every successful business. They see failures as a chance to learn and develop from their experiences. They are aware that failing is an unavoidable aspect of the game.

11. Innovative

The ability to innovate is one of the most essential qualities of successful entrepreneurship. The entrepreneur searches for and seizes on market opportunities to grow their business.

He is the one who brings new goods and services into the market intending to meet customers’ requirements.

12. Someone willing to take risks

A certain amount of risk accompanies any new company venture. However, it is an exceptionally essential element in entrepreneurship since the entrepreneur is the one who is responsible for the entire risk of the company. To be successful in business, the entrepreneur must possess an adventurous and risk-taking mentality.

Conclusion

Starting and running your own company may be a wonderfully gratifying experience, but not everyone is made out for the role of entrepreneur. Be honest with yourself about whether or not you have what it takes to be successful in business before making the jump.

Tips for a successful female entrepreneur

More women than ever before are starting their businesses and becoming entrepreneurs. No matter whether you are thinking about establishing your own company, need some guidance navigating the turbulent, unpredictable seas that are characteristic of entrepreneurship, or are just searching for some new inspiration, these bits of hard-won wisdom will undoubtedly be of assistance. Here is the list of top entrepreneur advice for attaining success in their respective fields.

Know where energy and time should be focused.

Having a business and a mother of two small children requires knowing where and what to focus. Event professionals and entrepreneurs alike may do more and better by concentrating on the duties and not allowing for extraneous thinking or distractions.

2. Learn how to take account of yourself.

Set objectives – track them and monitor them. Manage your requirements. Each element of personal responsibility and being honest with ourselves will enable any businessman to succeed. Women need to believe in themselves.

3. Before anyone else, you must believe in yourself.

By being self-confident, women, entrepreneurs learn not to seek acceptance or approval. As stated, believing in oneself enables women entrepreneurs to be confident and dedicated to overcoming setbacks or difficulties.

4. Don’t stop learning.

Learning is a job a female entrepreneur should never stop doing. Whether it continues to master a profession or a talent or learn a new one – continuous learning creates possibilities for improvement, new ideas, and opportunities.

5. Empower your surroundings

By not constantly demanding credit, giving others a chance, and empowering others, women may attract the best of the best – the best workers, the most incredible mentors, the best customers, etc.

6. Learn from errors.

Mistakes are a standard component of business growth, and every successful business person has made a fair share of mistakes along the way. The errors are the basis for growing, overcoming, and improving.

7. Learn to take responsibility.

Errors come with a price to pay – whether life changes or is tiny. But we may maintain our self grounded and dedication to learning and develop by taking responsibility. Women do not have to fear being flawed in the corporate world, but women may hold themselves responsible by assuming responsibility like the second point.

8. Learn to Say No

Learning how to say no as a female entrepreneur is essential. No poor choices, no terrible offers, no time constraints – even the difficult job of saying no in fear of appearing impolite. Women can’t do it all and have the opportunity to grow and build their companies. Learning to say no enables us to get familiar with the discomfort and learn to endure this suffering instead of feeling the need to do away with it.

9. Struggle

It is a necessary component of every fresh beginning. A million obstacles should not be enough to deter you from achieving your goals. Every setback will provide you with an opportunity to learn something, therefore see every obstacle as a learning opportunity. Allow the battle to serve as a source of motivation and to strengthen your commitment.

Your efforts and commitment will determine how far you can go in making your company a profitable venture. If things come naturally to you, don’t question them.

Take your path, whether it is filled with difficulties or stepping stones, since it will lead you to the pinnacle of achievement. Continue to put in the effort so that you may enjoy the rewards in the long term.

10. Have faith in your choices.

When it comes to operating your own company, never underestimate your talents. You start with a vision, and your choices will impact your company at every stage of the process.

11. The target audience

An essential aspect of your brand’s consistency is how you think about and communicate with your target market. Having a thorough and constantly developing knowledge of your target audience can assist you in making choices that will benefit your company.

Conclusion

Utilize this as a chance to demonstrate to the rest of the world that you are no less than anybody else in your field and to continue to climb the career ladder that you have set for yourself.

There may be moments when you will need assistance. Take the initiative and seek out your network of friends, family, and experts if you have any questions. A strong network is essential for every successful company.

The Top Richest Women In the World in 2021

Science says women are smarter and more active than men. They have also proven themselves in the field of business, and that too managed to be the wealthiest personalities all around the world. A woman has patience, perseverance, smartness, and a brain, all qualities required to be a successful entrepreneur or a leader leading an organisation to the highest point in terms of success and popularity. The year 2020 has brought up many changes in everyone’s life in various aspects. It has also resulted in the women identifying their talent and interest, which made them step into the business world, and studies have proven that it has increased to 36% more than the previous year. They came from all around the world from various countries and cultures and made themselves the best business person ever. So let’s have a look at their journey and success to become a rich personality as listed below.

10 Richest Women in 2021

1. Francoise Bettencourt Meyers

Francoise is none other than the granddaughter of the Founder of the L’oreal Paris Cosmetic Brand. She got her business as an inheritance from her mother, Liliane Bettencourt. Her grandfather worked at his company since the year 1997. Francoise, a 67 years old woman, helped Loreal be more precise and diversified than before by adding new products using various technologies and has built up the business in a profitable way. The company has a net worth of about 33.6 billion dollars but has been noticed to fall down about 6%in 2020 as the need for makeup decreased in the quarantine days. Recently the manufacture of the skincare products of Loreal has made the company more profitable due to the increase in cosmetic demand.

2. Miriam Adelson

Miriam holds a wealth of about 39 billion dollars only with the help of Casinos. She got this art from her husband, who has been a stake controller, and now she controls about 56% stake in casino operator Las Vegas Sands. As 2020 has affected us all, the same happened here. The company lost 985 million dollars as Sheldon Adelson died in January as the resorts and casinos remained closed due to lockdown. Although it opened in June 2020, it ended up losing 1.69 billion as its net loss. Miriam is 75 years old, currently living in the United States and has now decided to focus on the business in Macau in Asia and to sell the property in Vegas.

3. Sussanne Klatten

Sussane inherited a 19.1% stake from her mother, Johanna Quandt, who has passed away. Whereas her father, Herbert Quandt, made the BMW industry one of the most successful luxury vehicle markets. The car making company has been reported to get a profit of about 119 billion dollars in 2020 as the company has recovered from great losses from their past. The BMW company has increased its stock price by more than 93% since March 2020, being wealthier than ever before. Apart from this, Sussane has also got a pharmaceutical company from her grandfather, which is well known all around the world. She is a 58 years old woman residing in Germany having a net worth of 28 billion dollars.

4. Julia Koch

Julia is a 58 years old aspiring woman of the most famous United States. She lost her husband in 2019, David Koch. Now she is the owner of America’s largest private company as per the net revenue calculated recently. The company called Koch Industries has a net worth of 46.4 billion dollars. And Julia now serves as the board of directors in the company having a stake of 42% stake. Besides her, David’s older brother also holds the 42% stake.

5. Alice Walton

Alice is the daughter of Sam Walton and has lost a bit from being the world’s richest woman. But anyway, she owns a net worth of about 62 billion dollars and is expected to soon raise up her revenue in the near future. She is 71 years old and is currently staying in the United States who owns a company named Walmart. She gained about 7.4 billion dollars due to rising stock of about of her company up to 5% since March 2020.

6. Gina Rinehart

Gina Rinehart is a woman of 67 years, having a net worth of about 23.6 billion dollars and is a citizen of Australia. She is well known for being the richest person in Australia who serves as the chairperson of Hancock Prospecting Group, which is a mining and agriculture company. This was founded by her father, Land Hancock, which partially affected in 2020 but soon recovered by a stake of about 77% in the whole group. The majority affecting the company comes from the Iron ore department during the pandemic times.

7. Yang Huiyan

Yang is the only owner of 58% who owns the China-based real estate. Having got it from her father as the equity of the business since 2007 has the bet worth of 30 billion dollars. She is a 39 years woman staying in China currently.

8. Iris Fontbona

Iris is 78 years old and recently stayed in Chile. Her husband passed away in 2005, whose name was alAndronico Luksic, who established a beverage and mining fortune. She has a net worth of 24 billion dollars.

9. MacKenzie Scott

MacKenzie is the ex-wife of Jeff Bezoz, who was the Founder of Amazon, and as per the data, it is reported that they got divorced in 2019. This news became very famous because of his splitting property and business, which overall holds as the financial state. Then at the time of separation Bezoz gave away about 6 billion dollars to many non-profitable companies for social work. However, MacKenzie still has a net worth of about 53 billion dollars.

10. Jacqueline Mars

Jacqueline and own the pet care and food company Skittles and M&M with 40 billion sales. Their grandfather founded this company, Frank. C. Mars in the year 1911. She is an 812 years woman staying in the United States has an estimated worth of 32 billion dollars.

Conclusion

Women are doing extremely wonderful in the field of career and life and have also shown their charm in the business and monetary world. And has built up many business empires with a lot of revenues and success.

AirDoctor: Redefining the Customary Ways of Monitoring One’s Health

Since the inception of fourth industrial revolution, the world has witnessed a robust implementation of technology in various industries. Be it an IT or healthcare, almost every industry has experienced the glimpse of these technology in order to uplift their businesses.

AirDoctor is one such who beautifully implicated technological aspects for better healthcare experience for its customers. It is an interactive web app & application that matches travelers’ medical needs and local doctors’ expertise, making it easier for users for monitor their health. Moreover, being led by the Jenny Cohen Derfler, the Chief Executive Officer and Founder, the company has achieved many milestones in its pathway.

Tycoon Success appreciate the contribution made by Air Doctor and takes pride in featuring in its “Recommended Insurance Tech Solution Providers for 2021.”

Below are the highlights of the interview:

The Story behind Air Doctor Inception

Like any other tech giants of today, Air Doctor began in Jenny’s garage. During the initial days, Jenny and her team started to develop the platform and work as a bootstrap, using its limited resources to convert the idea into a reality. Her dream was to develop a technology and a global medical network. Thinking big from day one, they soon realized the difficulties finding and vetting doctors around the globe and of having a multi-platform app while vetting and recruiting a global doctor’s network.

While addressing her partner Efrat Sagi Ofir, she states that she with her would travel to Greece and then the UK in search of recruiting clinics with no working platform in their hands to show them. “Slowly but surely, clinics hopped on board and through the hard efforts and long hours a platform with a doctors’ network was created. The idea together with the small but talented and dedicated team behind it grew out to incorporate a larger and larger network throughout more countries across the world and with a better app to streamline the user journey,” says Jenny. Once the first corporate client joined, The Phoenix Insurance, while Jenny and her team covered just a handful of places across the globe, the speed in which they were able to recruit clinics and then attract more clients grew exponentially. Today the company covers over 1,700 cities across 61 countries around the world with over 18,000 physicians and cater to the largest insurers in the industry.

Products to Rely On

Jenny states that company’s main product is a complimentary service for Travel Insurers or OTAs to offer their customers a VIP experience while sick abroad. Using Air Doctor, end users have a streamlined and digital way to easily search, browse and book a doctor within a few taps. “Consultations can be set for in a clinic, at home or virtually,” says Jenny. “What is amazing about our product is that other than us and one other small company, no one else in the world has a solution for the international traveler,” she adds. She also states that irrespective of the language one speak or where he/she belongs to, Air Doctor can help and guide one through stressful times. While the company is pioneer in the international travel health arena, its second product focuses on the domestic population. Starting with the Israel, the company is planning to develop an offer to extend the great service it provides to international travelers, to locals who get sick or need to see a specialist using their private health insurance.

Into the shoes of the leader

Jenny Cohen Derfler, Air Doctor’s CEO, worked many years at Intel Corporation in executive positions around the world. After leaving Intel she was involved in 2 start ups within the electrical transportation industry before she founded Air Doctor. The experience working for a huge corporate with a global footprint brought by Jenny, as well as the rest of the founders, allowed Air Doctor to dare from day one to aim to find customers and doctors in 5 continents around the world without any fears. During the time at Better Place and ElectRoad, she gained the necessary experience in fundraising, marketing, and creating a strong team of supporters and shareholders. Jenny has demonstrated experience and character to rapidly adapt to changing realities and technologies in order to bring value to her target market.

Overcoming the Challenges

Jenny states that the moment COVID struck, and the world went into lockdown, the company saw a huge challenge ahead. “At the time we were seeing about 1,500 visits a month from only one business customer, and suddenly they crashed to almost nothing. Not knowing what the future would hold, how long the pandemic would keep the world in isolation, and many other questions everyone had, we had to make a decision; do we continue as is and hope travel picks up soon or do we pivot and make the best of the situation? Looking back today, I can confidently say that pivoting was the right call,” she asserts. Further, she states that the teams were able to foresee the change the insurance sector would undergo and place all their efforts in being the first ones to offer them the change and prepare for ‘the day after’. “During the past year, though travel has been low, and the company has not seen much traffic, we have been able to growth from 1 business partner to 11, all signed during the pandemic. More companies than we estimated want to be ready for ‘the day after’. A major adaptation was to add to our solution a telemedicine service based on our own doctors, in 15 languages and 24/7 with the ability to prescribe prescriptions. We understood people would not want to go to hospitals for treatment, fearing Covid and would prefer to do a video consultation or see a local specialist,” Jenny adds.

Building better customer Relationships

Jenny emphasizes that when looking at a customer, one must ask himself/herself, ‘how can I provide them with value?’ and ‘what are their pain points and how can we resolve them’. “Adding real value is the base of building a long-term relationship. Doing so sometimes implies putting your own benefit second,” she adds. She also when the Phoenix came aboard, we had a network coverage in 3 countries. Since they needed at least 18 selected countries to launch, our whole team (including myself) worked relentlessly days and nights to recruit the necessary clinics in those countries and provide The Phoenix with what we promised on time. There is nothing impossible for us, only challenges that we need to transform into opportunities.

One cannot work without the other. Every team member comes with not only their work experience, but they come with their life experience as well. Each one has ideas and can contribute way more than just what they were hired to do. When you give a customer support rep extra responsibility and a project of their own for example, their eyes light up and they take full ownership with amazing results. Everyone can influence and at the same time everyone is accountable for the results.

Upcoming Prospects

Jenny addresses that the industry has changed course and gone from a conservative giant to an innovative machine where non-oiled rusty components will soon be obsolete. Businesses who do not provide maximal value to their customers cannot hold their grip on the top and so either they have to change their ways or give way to newcomers who do. With the new direction, insurtechs of all kinds are seeing major success, and she believes Air Doctor is riding that wave as well. The company provides a valuable service which helps insurers innovate while significantly cutting their costs down. “2021 will see our clients base burst out, while 2022 will put our Brand name as a global player,” Jenny expresses.