Think best, tone it down to better, tone it down to good and tone it down good enough. If you do that way, you can start good enough now and will achieve best in near future which will be better than trying to achieve best in the attempt.
Digital economy in India is among the top 7 modern history transformation and wealth creation opportunity since industrial revolution in Europe in 1740.
Core values and culture are the only common thread for a company that can ensure that people with different education, upbringing, training, exposure, personality, gender or race can work for a common goal.
Nothing comes from highly planned and organized efforts but start-up energy and passion and newness cause chaos, confusion and ambiguity and that results into great product, platform, innovation and even social revolution.
In product development, think best, tone it down to better, then tone it down to good and further tone it down to good enough and achieve best with iterations!
If you want to be an entrepreneur & you missed the opportunity of dropping out of college or after engineering, work with a crazy founder & learn, you will not regret.
Dirty secret of Ecommerce, majority generate 6% - 8% in net revenue but spend 8-10% in direct cost, 10% - 18% in marketing & 2% - 3% in indirect. Bad economics.
Time for original thinking, long term approach, innovation, Building great products, large scales, & solving challenging problems. Enough of myopic/weak startups in India.
Top 5 things for an entrepreneur are: vision, obsession, salesmanship, compassion & contagious energy. If you have them, you will be able to withstand any weather.
Top 10 things to create a Unicorn: Capital, capital, capital, capital, capital, capital, idea, team, execution & luck. Sooner you realize better it is.
5 things you will always find difficult running a start-up: 1. thinking about org structure at different stages and scale of business 2. Suffering from your own legacy thinking in hyper-growth phase 3. Building headroom for your own capacity 4. Teaming up with right talent 5. Letting go things or people that are not working out
People who do not have them or do not believe in institution bldg will always make short-term decisions and will have a temporary approach to everything? in life, be it job, startup, family or marriage. If you want to be a true leader believe in building organizations, team and help people develop and unleash their true potentials!!
5 things you will always find difficult running a start-up: 1. Thinking about the organizational structure at different stages and scale of business 2. Suffering from your own legacy thinking in hyper-growth phase 3. Building headroom for your own capacity 4. Teaming up with right talent 5. Letting go things or people that are not working out
Solve a buyer or seller problem bigger than, better than, cheaper than and faster than others and time will reward you big time. This is the only way to create value in your startup!
Only weak and insecure take undue credit of success from other’s efforts and pass blame for their own wrong doing resulting to failures to others. As an entrepreneur, give due credit of your success to others and take full responsibility for any failures.
"15 traits common for the people who do really well in start-up
1. Deal with ambiguity
2. Can work without handholding
3. Hustler and fighter
4. keep trying and never give up
5. High Passion and Energy
6. No sense of entitlements
7. Excellent in multi tasking
8. Prototyping - start from somewhere and get better
9. Byte by byte or piece by piece approach
10. Hungry and ambitious
11. Learn from mistakes
12. Not afraid of failures
13. High on common sense
14. Dare to dream
15. Push their limits and step out of their comfort zone"
Challenge yourself for change is among the most difficult things you do, and it can be super painful in short term basis, but one can reap the benefits on long term basis. Embrace the change.
If you have noble intentions, you are honest in your attempts & have given your 110%, just believe in your Karma, things will happen if they are meant to be. The path of uncertainty is full of fear, self-doubt & overwhelming but you will never have a regret about what u could have done.
As simple as it may sound, but the trick behind real growth is to follow the virtue cycle with utmost sincerity and genuine efforts, not just for someone but for yourself too.
Jacobson Muscle Relaxation, Lamaze & stretch exercises in gym are not original thinking but blatant copying of Ayurveda & Yoga techniques with English names and aggressive marketing. Time for India to reclaim its logical place & leadership in ancient knowledge, vedas & astronomy.
Challenge yourself for change is among the most difficult things you do and it can be super painful in short term basis but one can reap the benefits on long term basis. Embrace the change.
If we make Sanskrit as mandatory course until 12th, 5k yrs old knowledge & wisdom will not deplete due 2 language barrier. From software to hardware to keyboard to vocational training should be available in Sanskrit & Hindi. We r gross neglecting oldest language & civilization
Best government can do for E-Commerce, start-up, & digital revolution in India 2 focus on: high speed Internet, low cost data, low cost of capital with easier access, IP protection, vs. defining E-Commerce, burdening startup with tax collection, not allowing SME to be online with GST.
As simple as it may sound, but the trick behind real growth is to follow the virtue cycle with utmost sincerity and genuine efforts, not just for someone but for yourself too
Patriotism, loyalty & sense of gratitude is based on motherland & religion one follows is choice of once faith. World will be happier, safer & prosperous once we get this straight
The hype around working with MNCs is so 1990s...I am so proud of my fellow entrepreneurs for bldg worldclass companies, offering great career track to hundreds of thousands talent pool, and taking india into 21st century. Digital India & startups to reclaim old glory of India
People who do not have them or do not believe in institution bldg, will always make short term decisions and will have temporary approach to everything? in life, be it job, startup, family or marriage. If you want to be a true leader believe in building organizations, team and help people, develop and unleash their true potentials!!
Let's not be fooled by statistic. India is 4th largest economy, it is ranked 106th in GDP per capita adj. for purchasing parity. GDP per capita is the true reflection of the quality and standard of living of the people not total GDP. Separately India is ranked 114th in happiness.
Only weak and insecure take undue credit of success from others efforts and pass blame for their on wrong doing resulting to failures to others. As an entrepreneur, give due credit of your success to others and take full responsibility for any failures.
Relationships, food, money and entrepreneurship are four thins you always got to hear your conviction and take independent decisions. You will be happy if you do that way.
Solve a buyer or seller problem bigger than, better than, cheaper than and faster than others and time will reward you big time. This is the only way to create value in your startup!
Moving on is among the toughest things one do as entrepreneurs. Almost all things entrepreneurs do, they believe in and invest 110%. Withdrawing is always painful as one believes in something which most did not and you are not give up type
India accounted for 35% of global GDP btw 1000 AD to 1650 AD & 50-60% from 5000 BC to 1000 AD. Foreign invasions & loot, decline in education & sabotage of old wisdom caused us to shrink at 4% of global GDP now. Can we allocate 25% of GDP on national defense, education & science
In modern world you do not die from hunger but from indigestion. Not all but many sectors and many startups or new age companies in India have now indigestion type of situation. Do not raise so much that you have indigestion and you become your own enemy
First 2-3 rounds of capital for a startup is linked to founders’ passion and energy, idea, vision, team, market size, POC vs actual product, traction, scale, unit economics or profitability. Do not over prove or oversell yourself & give your arm or leg in early round of funding
India's new age companies and startup revolution is no less than industrial revolution in Europe in 1750. This is not stoppable. This will for next 100 years and can change India forever. Be part of this.
