{"id":15,"date":"2015-10-23T04:02:00","date_gmt":"2015-10-23T04:02:00","guid":{"rendered":""},"modified":"2022-04-06T20:24:07","modified_gmt":"2022-04-06T20:24:07","slug":"the-startup-world","status":"publish","type":"post","link":"http:\/\/mayanktrivedi.net\/technotes\/2015\/10\/23\/the-startup-world\/","title":{"rendered":"The Startup World"},"content":{"rendered":"
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Fifteen (15) years after the .com bubble burst, the market is once again booming with the startups with some niche some traditional business ideas.  Its’ not that the Startup market had dried up in between, but the intensity with which the Startups were being worked on has picked up good time once again. There were many mistakes that were made back in the days by the .com startups that compelled the entrepreneurs to shut down the shutters and be back to the regular \/ routine jobs.  However, with the ever increasing internet penetration and with more and more industry segments resorting to e-commerce ideas, startups in IT sector are walking all smiling to the banks.<\/div>\n
However, there are some key aspects that would be extremely helpful for the entrepreneurs to be successful and not get bogged down by the various pressure points.  From what I learnt from the .com bubble burst and then researching the success stories of various startups can be called as \u201cWisdom to Drive a Startup to Success\u201d .<\/div>\n
 The points that need to be considered to Drive a Startup to Success can be listed as below –  <\/div>\n
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  1. Market Research \u2013 Don\u2019t rely on your idea, back it up with tangible research<\/li>\n
  2. Welcome Inputs \/ Feedback \u2013 Be open to remodel your business, being closed to criticism would not yield fruitful<\/li>\n
  3. Focus \u2013 Use Horse-blinds to keep your focus on your core, after you achieve success once, there are many opportunities to expand and diversify<\/li>\n
  4. Consumer Preference \u2013 Always remember the old marketing joke of what consumer actually wanted and what was envisaged by marketing team for product team to supply a dud. Ensure you understand the market need better and have a feel of Consumer needs<\/li>\n
  5. Market Review \u2013 Don\u2019t take positive feedback as revenue inflow. Praising the product is way different than actually buying it. <\/li>\n
  6. Planning \u2013 Define a roadmap and stick to plans, don\u2019t overwhelm yourself with over-planning to out-plan from the market<\/li>\n
  7. Hiring \u2013 Look for talent with experience. It is also important that a #startup<\/a> ensures to hire mix & match of experience & fresh talent. Experience = Stability & Fresher = Enthusiasm<\/li>\n
  8. Venture \/ Angel Capital \u2013 Ensure that the decision is based on a clear RACI of what you want and what Investor\u2019s expectation is<\/li>\n
  9. Scaling the Operations \u2013 Ensure to stay on top to regulate expansion at a gradual pace<\/li>\n
  10. Be Flexible \u2013 Try to achieve perfection but not at the cost of impacting delivery<\/li>\n
  11. Listen & Evaluate \u2013 Not every advice coming your way may be a good advice for your business, listen, evaluate, filter and implement the advice with thorough decision making process<\/li>\n
  12. Partner v\/s Solo \u2013 Define the motive and team up with like-minded individuals else you may choose to go solo<\/li>\n
  13. Timing \u2013 Ensure that you are well prepared to hit the market with the product at the right time<\/li>\n
  14. Money Management \u2013 Raise capital based on the projected revenue model to manage finances well. Always keep a buffer to ensure that the initial deficit from revenues could be addressed<\/li>\n
  15. \n
  16. \n
  17. \n
  18. \n
  19. \n
  20. \n
    #startups<\/a> with targets set for next two years have more chances to thrive and survive than those with less than 1 yr of expense forecast<\/div>\n<\/li>\n<\/ol>\n
    I hope those who are planning for a startup or are already working on a startup would be benefitted by this compilation. <\/div>\n
    I would welcome ideas that are different and that are derived from Experience of running a startup.  Please don’t hesitate to write back a comment of sending me a message if you have inputs for me on this topic<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Fifteen (15) years after the .com bubble burst, the market is once again booming with the startups with some niche some traditional business ideas.  Its’ not that the Startup market had dried up in between, but the intensity with which the Startups were being worked on has picked up good time once again. There were …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,10,11],"tags":[],"class_list":["post-15","post","type-post","status-publish","format-standard","hentry","category-authors-opinion","category-management","category-startups","entry entry-center"],"_links":{"self":[{"href":"http:\/\/mayanktrivedi.net\/technotes\/wp-json\/wp\/v2\/posts\/15","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/mayanktrivedi.net\/technotes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mayanktrivedi.net\/technotes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mayanktrivedi.net\/technotes\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/mayanktrivedi.net\/technotes\/wp-json\/wp\/v2\/comments?post=15"}],"version-history":[{"count":1,"href":"http:\/\/mayanktrivedi.net\/technotes\/wp-json\/wp\/v2\/posts\/15\/revisions"}],"predecessor-version":[{"id":69,"href":"http:\/\/mayanktrivedi.net\/technotes\/wp-json\/wp\/v2\/posts\/15\/revisions\/69"}],"wp:attachment":[{"href":"http:\/\/mayanktrivedi.net\/technotes\/wp-json\/wp\/v2\/media?parent=15"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mayanktrivedi.net\/technotes\/wp-json\/wp\/v2\/categories?post=15"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mayanktrivedi.net\/technotes\/wp-json\/wp\/v2\/tags?post=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}