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Category Archive for ‘Planning’

4 Indicators to look for before scaling up your venture

If one were to decipher the start up world from a media coverage perspective, it would probably starts with funding and you guessed it right- end with news on funding. The investment lifecycle for VC’s lasts for around 7 years, at which point returns generated from the portfolio is looked into. It is during this harvesting period that investors expect their ventures to offer returns at levels that are in pursuant to the risk undertaken. Hence it becomes imperative for start-ups, especially those funded, to ramp up operations at levels that are profitable. However, before expanding, founders should analyze how

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Common Pitfalls Encountered by Small Businesses while Conducting Market Research

Risks are part of any business and with limited resources, business owners and entrepreneurs realize that risks needs to be calculated and mitigated. Employing market research helps at times to sort out risks involved in a business. The advantages of market research for small businesses range from finding hidden niches and preserving capital to building customer loyalty and identifying greater business opportunities. Before taking the initiatives to understand customer needs and wants through market research, it is important to identify common pitfalls and challenges encountered by startups and small businesses. High Costs:  The biggest challenge small business owners face is

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Major Barriers for Young Entrepreneurs

We have been doing a lot of research to identify the key factors that stop young people from taking the leap into the entrepreneurial pool and starting their own business. Barriers in the business environment can have a negative impact on entrepreneurs, who generally lack experience and access to professional networks. Some of the socio-cultural aspects that limit young entrepreneurs from living their dream are listed below. Social and Cultural attitudes It has been analyzed that there is a lack of positive attitude to entrepreneurship in various economies, where entrepreneurship can be viewed as a viable career choice. The educational system

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Organic Growth Strategies for Start-ups

Every business should have a specific growth strategy in order to survive, progress and earn revenues. Businesses without growth strategies can be hit by unexpected adversity. A growth strategy can be organic or inorganic in nature. While usually acquisition strategies are undertaken by more mature businesses, investors typically look for organic growth numbers to review and evaluate the overall development of a new company. Organic growth for a business is a balanced and step-by-step technique created through the utilization of its own resources, leading to a sustainable increase in sales and revenues.  It is also very important for an organization

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Business Plan: A structured approach

A majority of entrepreneurs accept the need for creating a business plan however, a few often fail to realize that an effective and comprehensive business plan can lay down a road map to success for their businesses. While a professionally crafted business plans does not guarantee success, for entrepreneurs with great business ideas, it certainly increases the probability of them crossing the finishing line sensationally. Often a business plan is used as a sales document with an aim to impress an investor, rather than provide an extensive strategic and operational road map of the venture. This often fails to achieve

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Business Model for Entrepreneurs – Are you making a fashion statement?

It is interesting to analyze how entrepreneurs react to certain business terms like operations strategy or business model. In my experience, the outcomes range from absolute distain to an extended discussion around the “nuts and bolts of their business”. Again, it is difficult to generalize, but the more mature a business, greater is the evolvement from “a brilliant idea to sustainability” with an acceptance towards the importance of planning and structuring. At that point in time, a so called fashion statement becomes a necessity and creating a business model a reality. To be fair, structuring a business model is a difficult task

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An Entrepreneur’s Dilemma- When to scale up your business

Over the years of our working with entrepreneurs, we have noticed that while there is generally a robust understanding about the start up process and funding requirements, things seem to taper down when it comes to scaling up of the business. While a valid argument is that entrepreneurs seldom get time to think about the “next-step”, in essence it is essential to plan for expansion early in the business life cycle. A robust business plan where key milestones and triggers are well defined goes a long way in supporting this process. Typically, most start up enterprises goes through a series

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Four Building Blocks for a Successful Business Plan

Business planning is becoming an integral part of the startup ecosystem. A well crafted business plan   gives shape to budding ideas, showcases the unique proposition of the business and highlights the fiscal potential that might attract potential investors to fund the project. At times entrepreneurs draft or invest in business plans which are limited to being large sized documents filled with architectural theories, sample ideas, the same old strategies and lots of irrelevant financial calculations. Now we know why 9 out of 10 new ventures or business struggle to survive.   A business plan is not just a theoretical constant

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“Ideas” do not change the world

“Ideas are easy. It’s the execution of ideas that really separates the sheep from the goats.” – Sue Grafton We often hear that an idea can change the world. It’s true, it can. However, an idea alone does not mean anything. It’s the execution that really counts. Over the years, we have helped several startups and entrepreneurs right from the ideation phase to implementation. One thing, which we can confidently say, is without the power of execution, your ideas are as good as nothing. Our firm belief and our advice to all entrepreneurs is: Execution is more important than Planning.

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Solving The Startup Puzzle – what every ENTREPRENEUR must do

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