Category: Startup Essentials

When entrepreneurs begin on their unique business idea, they do not doubt that their idea would be a commercial success in the market; their main focus is initially to start giving the appearance to the venture. In the middle of so many different things that go into starting and building a startup from a single idea, the word “Intellectual Property” (IP) is generally not just their main focus. And even if they think about IP protection, it seems to be too costly for a startup to work on. Entrepreneurs must…

Mobilising a troop of workforce can be a taxing task for a startup. It’s not only about hunting down a bunch of potential employees but also people who are willing to walk an extra mile to contribute to the growth of a startup. An employee’s expertise, experience and attitude can prove to be the deal-breaker for a startup. While filtering and hiring trained manpower is challenging enough, another hard task is of convincing these talented bunch to join a young team. For experienced professionals, joining a brigade of an inexperienced…

For an aspiring entrepreneurs, it is often common to come up with a variety of crazy ideas for new businesses without much clarity on implementation and how to convert idea into business venture.  We can think of a business concept as a bridge between an idea and a business plan. Basically it focuses one’s thinking so that the entrepreneur can identify the opportunities and challenges of his/her proposed venture. Converting an idea into a business concept requires thinking about how the product or service will be sold and the targeted…

Launching a startup is a substantial step and surviving in a hostile business environment is even scarier. But that doesn’t mean it eliminates the chances of survival and success. In the case of startups, due to lack of experience, a strong peer-support network comes to the rescue. A peer-support network refers to the term where people in the same situation/ experience help each other both practically and emotionally. In business terminology, a group of people/experts from similar business background and experience come together to help each other succeed in the…