Competitive analysis for your startup

December 5, 2011 Leave a comment

Businesses happen in highly complex and competitive environment. It’s important to understand strengths and weaknesses your current and potential competitors.  This makes it very important for startups to understand and analyse their competitors and frame their growth strategies [both offensive and defensive] accordingly. In order to understand your competitors thoroughly, it’s impertinent that you do a systematic analysis and assessment rather than relying on informal knowledge and chunks of data that you might ‘know’. Read the full post HERE

Filed under Entrepreneurship Tagged with , , , , , ,

Marketing Plan for your startup

December 5, 2011 Leave a comment

Even when you have brilliant product and/or service, your startup cannot succeed without effective marketing. And this begins with systematic research and careful planning. It is very dangerous to assume that you already know about your intended market. You need to do market research to make sure you’re on track. Use the market planning process as your opportunity to uncover data and to question your marketing efforts. Your time & efforts will be well spent. Read the full post HERE

Filed under Entrepreneurship Tagged with , , , ,

Managing finances for your startup

December 5, 2011 Leave a comment

Unless your rich dad is bankrolling your entire startup without concern for what and how you spend, you need to keep your expenditures under control, and plan your finances well right from the day zero. This is one of the most important Mantra to make your startup successful, especially for the Bootstrappers. Read the full post HERE

Filed under Entrepreneurship Tagged with , , , ,

%d bloggers like this: