StartUp

How disruptors create value?
Business Strategy, StartUp

How disruptors create value?

Disruptors think about creating value for others. They don’t compete with others instead they create unmatched value which will help them dominate the market place. Disruptors target on an unmet need;they deviate from the mainstream and find new streams of value creation and revenue generation. Renaissance Florentine philosopher Niccolò Machiavelli said that entrepreneurs are “simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage.” Great disruptors see the world differently. They see opportunity while most see difficulty. They are not afraid of failure as they believe that set backs are part of a creative process. Disruptors are the ones who challenge the status-quo; they are always in the hunt fo...
How to choose the right partner for your StartUp?
Personal Development, StartUp

How to choose the right partner for your StartUp?

There are many successful partnerships in business. When two or more people get together to do what they are committed to achieve, often the magic happens. Many corporate successes have witnessed legendary partnerships. Microsoft began as a partnership between Bill Gates and Paul Allen. Hewlett Packard started as a partnership between William Hewlett and David Packard. Apple was founded in the partnership between Steve Jobs and Steve Wozniak. On the other hand there are many partnerships that have failed due to misunderstandings, dishonesty, lack of shared vision and commitment. A partnership is a long-term covenant between two or more people. When choosing a partner, be coldly objective. Try to evaluate potential partners without regard to emotional ties or just ‘friendship factor’...
Whats your StartUp Dilemma?
StartUp

Whats your StartUp Dilemma?

Do you seek opportunity or security in life? Entrepreneurs always look for opportunity while others seek security. Not all the opportunities are obvious. There are hidden opportunities and often they are wrapped up with problems. Entrepreneurs spot problems as opportunities. Many people will shy away from problems and run away from challenges while entrepreneurs on the other hand love to embrace challenges. Challenges drive their performance. They tend to seek solutions. Being a solution provider is one of the biggest entrepreneurial opportunities today. This is the conceptual age and opportunities lie in all areas where you can provide a well-crafted solution. Entrepreneurs constantly build value by providing solutions. They know that the best opportunities always lie when you can ...
What is stopping you from starting a StartUp
StartUp

What is stopping you from starting a StartUp

Have you been thinking of starting your own business? Now let’s be honest here. How long have you been thinking of it? A few months? A year or two? More than a decade? Excuses interrupts execution; people have more reasons to procrastinate when they are good set of excuses. If only they could replace excuses with a set of execution strategies, even a lame idea will turn in a profitable venture. Most of the time, people are reluctant to venture into business, as it is the riskiest decision; its risky due to the uncertainties attached to it. People want to be part of celebration and not failure; it takes a lot of guts and grit to accept failures and be responsible for it. Moreover, when you are in business, you cannot blame a boss or subordinate for loss or failures, and the fear of b...
Three reasons why most start-ups fail
StartUp

Three reasons why most start-ups fail

Three myths of entrepreneurship from Furr Nathan, from his book “Nail It then Scale It: The Entrepreneur's Guide to Creating and Managing Breakthrough Innovation’ The author’s insights come from years of his experience working closely with several number of start ups as a venture capitalist and mentor. Here are the three reasons why most start-ups fail. Number one #The Entrepreneur Hero Myth: Why Believing in Your Product Leads to Failure According to the Furr Nathan, “All too often, entrepreneurs fall in love with their product or technology; they ignore negative feedback from customers, and they spend years building a product based on a vision that no one else shares.” Having passion, determination and vision are always not the great ingredients for entrepreneurial succe...