Business networking for your startup

Networking is extremely important for entrepreneurs. Most of the startupreneurs are restricted in time and resources, therefore a good network can help them access suppliers, markets, information and guidance necessary for their startup’s development. I understood the importance of networking while working as an intrapreneur at the beginning of my career and since then have been able to build a robust professional network that I leverage and get support from now as an entrepreneur. Read the full post HERE

Advertisements

Team conflicts at your startup

Individuals from diverse backgrounds face perpetual gaps when they come together to work as a team. Since conflict within a team exists, it must be managed. I believe that collaboration is the key to managing that conflict. The first step is to identify whether the conflict is based on task disagreements or personality related issues. Task conflicts can often be beneficial during the design and preparatory phases. Read the full post HERE

7 value attributes of your product

Breakthrough products are driven by a complex combination of value attributes that connect with people’s lifestyles. If you are conceiving a new product, you must conduct a value opportunity analysis that evaluates the current state of products against seven major attributes of value, in the market where the new product requires significant improvement. This is an essential step in any new product development. Failure to thoroughly and thoughtfully complete this phase will have a negative impact down the line. Read the full post HERE

Winning team for your startup

A start-up’s success depends on its human capital. It’s not the numbers but the quality of your team that defines the growth path. The team members should be able to handle multiple functions, wear multiple hats, and deliver under pressure. Their skill-sets should compliment yours. Even if you are a one person Startup, you still need a lean management team with whom you can share some of the ‘hats’ for better performance of your Startup. It’s OK if you can’t afford a full time team. Read the full post HERE

Competitive analysis for your startup

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

5 key tips for engaging a startup mentor

A business mentor has more entrepreneurial and domain expertise than you and can help in improving productivity, streamlining marketing initiatives, build better business relationships and in retaining key human capital for your Startup. Read ‘Importance of Business Mentoring’ to understand the relevance of a mentor. Read the full post HERE

5 key bootstrapping strategies

I have been a bootstrapper from day one since I got bitten by the entrepreneurial bug. I learnt important key lessons from my first Startup that I applied in the next to optimise the chances of its success. Based on my learning, am sharing the following strategies for bootstrapped startups. Read the full post HERE

%d bloggers like this: