Published on March 10, 2014
Life & Blood of Entrepreneurship - 101 Ramesh Kandikonda, SR IT Consulting Pvt. Ltd. Whole 9yrds ...
Agenda • Journey • Timing ( now or experience) • First thing First (Business Plan) • Team • Customer • Finance ( where is the money) • Associations ( mentor) • Ecosystem • Community • Events ( Startup Saturdays, TiE, Nasscom, ...) • Qualities ( Listening, Failures, Surprises... )
CONGRATULATIONS If you have already decided...
Expect Twists & Turns
Tools for our Journey
TIMING Validate Idea
Timing Now? or Later? Experience I may get struck to work Finance Raise funding Idea may loose value Idea life Team may not exist New Team
• Idea Validation • Is market ripe for the product/ Service • Pay for this service / Product? • Market survey • Resources / Knowledge • Risk • Environment • Geopolitical Timing Now or Later ?
FIRST THING FIRST Business Plan
Business Plan • Is it Must ? • Yes.... • Why • To know game plan • Deep understanding of Market • To get thought clarity • To avoid mistakes • To raise money • To Sync - Everyone one on same page • Living Document • There is no perfect plan ... First thing that you need to do....
B’ Plan • Executive Summary • Analysis & Trends • Target Market • Competition • Strategic position & Risk • GTM (Go To Market) • Team • Operations • Technology • Org. structure • Milestones • Financials Minimal Stuff / Contents
Team • Most important element • Classmates / Colleagues • Advantages • Disadvantages • Roles & Responsibilities • Compensation • Plan for Exits ... !!! • Who will take final shot ...? • It’s all in the game !!! • Document
Customer • Who is Your Customer ? • Who is not • Segmentation • What pain point we are trying to address • B2B or B2C or Market Place or ... More knowledge is better
Finance • Return on Investments • Balance sheet • Monthly / Quarterly Sales Targets • Allocations • Marketing • Inventory • Salaries • Rents • Infrastructure • Order fulfillments • Misc Oxygen for the business
NEED GUIDANCE ??? Look Mentor
Mentor • Who has seen/ done it before • Advantages • Network • Who is who • Prioritizing • Seen world • Paid Vs. Free • Paid • Stake • Fixed amount - annual basis Seek Help... Nothing wrong
ECOSYSTEM Lot’s of things happening in & around
Eco System • Incubation Centers • TiE, IIIT ... • Residential programs • Chennai • Mumbai • Delhi • events • Startup Saturdays, SLP, ISB, TiE, Founders Institute, TV SHows • Angles Community • Hyderabad Angles • Indian Angles • VC Community
Qualities • Passion • Learning never ends... • Be a good listener • Resilience • Teamwork • Be ready for the surprises
Embark on Your Journey Whenever you think you are ready
Entrepreneurship empowerment is more critical now than ever. With the record breaking unemployment rate, should be retiring baby boomers having to go
5 Levels of Entrepreneurship - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Epiphanies that allow entrepreneurs to thrive.
If you’re running or managing a business and want it to be around for a long time, you need to spend a good part of your time innovating. That’s ...
One-stop shop for start-ups. Entrepreneurs are the life-blood of our healthy economy. They have the dream, vision, and drive; they put in the long hours ...
Entrepreneurship: In the Blood? ... called entrepreneurial gene pool gives way to the realities of life. For me, the entrepreneur is a product of his or ...
Where every entrepreneur has to live his life in a 16x20 ... Life of an entrepreneur: Tears and fears, ... merges with blood and sweat to become ...
People tell me all the time that they waste so much writing paper because of the many lists that they have to make. Some folks, for example, need reams and ...
Advice, insight, profiles and guides for established and aspiring entrepreneurs worldwide. Home of Entrepreneur magazine.
Profitable Social Entrepreneurship. For as long as I can remember, I’ve wanted to save the world. ... who are the life blood of your company, ...
Is Entrepreneurship in Your Blood? 11/24/2014, By Lauren Sauser ... See, living the life of an entrepreneur is nothing like your standard 9 to 5 job.