(STARTING A STARTUP) No Indian city (is among the top-10 most popular STARTUP cities in the world, whereas only one Indian company (Asian paints) could make it into Forbes’s top-25 innovative companies in the world.
According to IBM Institute for Business value Oxford economics, 90% of start-ups in India fail in the first five years the main reason is the lack of exactly needed innovation. India has no place in the top 10 start-up business cities.
INDEX:-
- Missing innovation around customer’s money-making model.
- Negative cash flow/ negative working capital.
- Expansion with a negative margin.
- Lack of talented manpower.
- Scalability with the recurring revenue model.
- Mixed marketing signal & wrong positioning.
- Releasing product as laggard.
- Save yourself from getting outcompeted.
- Missing the process of converting feedback into feed-forward.
- The business model for building a complete Ecosystem.
- Conclusion
- FAQ
Missing innovation(STARTUP) around customer’s money making model:-
Means I want to say that those who are traders first work on their money-making model but should not do that. They do not see where my customer will get success.
People are calculating their success but as long as the customer profit of its growth, its productivity, the day you understand it, your greed will be fulfilled on the day of the customer. Where will be the innovation of mines,
It will be on Clint’s sleep but if you understand even a little here, then Indian start-ups are like that which is very fast to copy. Means are not any Indian startup that is completely overshadowed or popular.
(STARTING A STARTUP)Negative cash flow/ negative working capital:-
This is the biggest reason, a start-up dries up, its blood which is run by the body stops. Your profit and cash are also important. You may be profiting in your account book, but your cash is getting delayed.
Means customer and market are not recovering money. It is getting slow even. This is called a negative cash flow. This is the biggest reason. Some Indian start-ups have closed down to ruin our start-ups.
That is ask me, auto Raja, talent pad, fashion era, has all these good big start-ups that closed down. So it is very important to make positive cash flow. If you are selling any goods, try to get cash advance or on time.
Expansion with negative margin:-
The last topic was about cash flow and this is about margins. Means are not just margins. Means I want to say that a lot of start-ups did not think that nowadays they started thinking that the market should hold the loss strategy.
Start selling goods cheaply. If that valuation increases, you will increase the fund by taking care that if you are not clear from the beginning where your profit will become from, later you will die sure means.
Think in advance when and how you will cover your margin.
If you do not have the right preparation, then you will keep repairing throughout your life, later your start-up may shutdown and fail.
( STARTUP)Lack of talented manpower:-
It means to say that if you do not have Navratna ready as if Akbar’s team had come to India. He had acquired India because of his team.
So you have prepared manpower for talented high potential, high performance, high skill, capable people. Are you mapping their competition assessment? Are able to see that you have people who can execute your vision. Do you have people who can execute your idea; you have people with talented energy.
This all a very important thing. Identify their edge and engage them. If you do not have good manpower, then do not do everything alone. You will find that you are just a little of lallu lal gulab jamun, so you need manpower.
Scalability with recurring revenue model:-
This scalability and recurring revenue model are two things. Scalability means have you found a model to grow in your startup or business or where will it grow?
Many start-ups are very profitable.start-ups have good margins. Most start-ups do a good job in their local area but do not think how to grow and if you are growing your business,
Can your customers become regular customers? If you are retaining your customer, if you have business scalability,
Do you build a model without a regular recurring rate?
Mixed marketing signal & wrong positioning:-
People do not know who are you are, what is identity, who is your perfect customer, and who is a non-perfect customer. What is your perfect product and what is your imperfect product if your product is not planned properly and your customer is signed?
Means of you cannot go anywhere and sell products, means sell goods to everyone but you have to find perfect market demography and market psycho graph. Then you have to launch the same product, search your signal, the day you will know who you are, from that day onwards,
You will be able to present the packaging, branding, marketing accordingly, and present it accordingly.
(STARTUP)Releasing product as laggard:-
Laggard means you are late your product is arriving late means you are coming to the last you have to pay special attention to the timing of your product if you do not come at the right time.
The biggest problem is that when the product is late, you will continue to struggle. The customer is not buying any goods and is not getting it and if he is getting it then.
Save yourself from getting outcompeted:-
If you started your business, but your competitor is watching you carefully, what are you doing, then his whole eyes are looking sharp as you like his eagle, standing silently like every time of your move. What is this man doing?
So, you have to prepare in advance. You should do some planning that will not let the secret open near your competitor. Try to make good brand equity, Singh will make it cheap and buy cheap.
He will keep thinking that the owner has to walk through the entry barrier from the beginning of the document.
Missing the process of converting feedback into feed- forward:-
I want to say here that the customer gives feedback and you are not able to convert it to feed-forward, then it is your problem that the customer is telling you but you ignore.
Means “complaint is a gift, catch it” means customers give you a signal. And he wants to be with you but the only thing that he is expecting please change yourself.
Meaning the customer wants to be with you but you have to change or improve a bit.
If your customer does not do the complaint then it is very dangerous that it will go to your competitors. Means embrace the customer who is complaining. Speak it.
Do it otherwise the beginning will be good but will disappear later.
The business model of building complete Ecosystem:-
In the ecosystem, an organism depends on another life for its life or become a wave. In business, you will work with the whole society, not alone. For example, if the Facebook ecosystem is very big, if FB goes away from the whole world then suddenly the whole world will become panic.
And YouTube is also a big ecosystem and in the coming time Paytm will also become an ecosystem.
Amazon also has Google’s android in the ecosystem, in a very big ecosystem; you will have to build society. Saying that you have to do something that will benefit the world because of you, the day you leave the whole world stops, so at least plan in the small town.
YOU MUST KEEP ALL THESE POINTS IN YOUR MIND BEFORE STARTING STARTUPS.
Conclusion:-
No Indian city (is among the top-10 most popular STARTUP cities in the world, whereas only one Indian company (Asian Paints) could make it into Forbes’s top-25 innovative companies in the world.
Means I want to say that those who are traders first work on their money-making model but should not do that. They do not see where my customer will get success.
If you started your business, but your competitor is watching you carefully, what are you doing, then his whole eyes are looking sharp as you like his eagle, standing silently like every time of your move. What is this man doing?
FAQ
So, you have to prepare in advance. You should do some planning that will not let the secret open near your competitor.
Don’t over-complicate your concept.
Focus on the market instead of the product.
Always overestimate costs.
Establish a support team.
Always assess your business idea.
Understand the commitment behind starting.
Turn your idea into a plan. Every entrepreneurial journey starts with an idea.
Self-discipline. This may be one of the most important qualities for an aspiring entrepreneur to have.
Be flexible.
Follow your passion.
Listen to the pros.
Find a nurturing environment for entrepreneurs.
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