Sustain

Pain Point

Most successful startups are result of a personal problem faced by an individual r a group of people. Hence it is said, one cannot solve a problem unless one has experienced it! Successful Tech Entrepreneurs solve their real life problems through technology and build their business around it.

Idea

A particular solution to a problem faced by the Founders(s) of a startup is the IDEA. It is then worked upon to create a business around it by bringing in technology, processes and strategy, monetization opportunities, relevant skills and finally product or platform. An Idea in itself may not be a business but can pave way to a biz. By vetting it very early to avoid failure.

Develop Vision

For a idea to develop into a biz, the startup must develop a vision that can justify being starting a biz that can touch people at large, change people’s behavior and also change the world for better. Such a vision once passionately pursued can then transform a biz idea into large business

Sustain >>

Pain Point

Most successful startups are result of a personal problem faced by an individual r a group of people. Hence it is said, one cannot solve a problem unless one has experienced it! Successful Tech Entrepreneurs solve their real life problems through technology and build their business around it.

Idea

A particular solution to a problem faced by the Founders(s) of a startup is the IDEA. It is then worked upon to create a business around it by bringing in technology, processes and strategy, monetization opportunities, relevant skills and finally product or platform. An Idea in itself may not be a business but can pave way to a biz. By vetting it very early to avoid failure.

Develop Vision

For a idea to develop into a biz, the startup must develop a vision that can justify being starting a biz that can touch people at large, change people’s behavior and also change the world for better. Such a vision once passionately pursued can then transform a biz idea into large business

Technology

The Tech Stratup is all about providing technolgy solution to a real human problem. Althogh Tehcnology is the great enbler, building tech solution is not only critical but also challanging. A tech solution can be a great diffrentiator while creating valuable intellectual properties for a startup. To build cutting edge tech solution is always the best strategy.

Founding Team

A startup is borne out of a problem faced by individuals or a group of individuals who can alone or together solve the problem. However since a biz needs people with different skill sets, a team can always doa better job than an individual. Success & future of a startup can be judged based on profiles of team memebers and their past association.

Create Differentiator

A startup need to have a different solution and technology must be the diffrentiator. Such a diffrentiator will not only diffrentiate but will also create barrier to entry. A new technology shall also be aintellectual property thus crating value for the startup

Mentor

New businesses and entrepreneurs may not always realize it, but they need solid direction to succeed. Mentors play an invaluable role in providing solid direction and channelizing entrepreneurial energy in the right direction.

Market

Apart from secondary research, detailed primary research is necessary to vaidate an Idea. An entreprenuer must find out the Potential, Adreesable, Served & Servable Markets. Mentors, through their experience should be to validate the the research as well as extract valuable insight form the research that can help structure the biz.

Low Hanging

There has to be a start and finding some low hanging fruits will help infuse the energy that can go a long way. Low haniging wil give the startup an opprtuity to have real customers with similar buying habbits, affordability and a quick response to the product & services that are in the offering.

Personas

After testing individual elements of the business, Stratup needs to test a KVP system that actually provides value to the customers/users. MVP should encourage the users to provide feedback as well as capture user behaviour that can be useful to improve the products & services from features & functionality prespective

Use Cases

It is must to test the solution in a controlled environment as the need is to integrate tech solution with business objectives, to define standard operating procedure by creating POC This stage of Product Development is critical to business and can make or break a venture

Seeing is Believing

It is must to test the solution in a controlled environment as the need is to integrate tech solution with business objectives, to define standard operating procedure by creating POC This stage of Product Development is critical to business and can make or break a venture

Self Funding

There in nothing better than the team contributing to start the biz and bring it to POC stage as it builds confidence, sense of ownership and motivation in the team. It also provides confidence to the external stake holders who may be watching the development very keenly and are ready to jump on the bandwagon at this stage

Friends & Family

There is nothing better than getting approval of the family and friends by getting them to invest at an early stage as that way they are in complete know of what is going on as well as it is sign of their support to individuals and team,

Angel Investors

As the name says, they are real angels as they want tp pay back the society and perhaps make money by helping younger people get a start and helping meaningful products get to market. Things ot remember: they are no suckers but are thorough pros, they deserve the same treatment as a VC and are normally found through networking with entrepreneurs and other angels.