Entrepreneur & Startups

Contents Points to know before starting out      1.  Make sure what is your "Why"      2.  Prepare well before starting      3.  Forget about the Competition      4.  Start with at Least One More Person      5.  Keep Your finances      6.  Fake it till you make it      7.  Create a timeline Why Startups Fail Myths and realities of startups Actionable Item:  Use the below file to create several business models before starting out on one. 6   "There're no startups, there're just business models." While its all about "taking risk", that defines entrepreneurship, its even more about mitigating the risks that matters. An entrepreneur is the guy who knows very well about the risks involved and prepare a very well "risk prevention plan". The more secure your path is the better your journey is. Afte...

11 Reasons Why Content Based Portals Are Successful: Zero investment: The cost of the business can be as small as possible. It can be varied depending upon the availability. Automatic SEO: Most of your cost is involved in creating the product that is content. So, you don't need to do the SEO separately. Repeated customers: Once you have a customer, it will be yours for a good amount of time. No operational cost involved: Most of the business today are struggling because of their operational cost. Free marketing by volunteers: Volunteers means content writers or guest posts: Lots of writers need to showcase their content and skills so they're your free point of advertising. Lots of niche available: There're a plenty of niche available you can choose from. Earnings through affiliates: Add a product at the end of your blog and you can earn easily w/o making any extra investment. Market Requirement: Lots of companies look for bloggers who can market...

Contents: The Art of Creating a Business Idea How I created my first business plan Types of Business Ideas: Automation Services to a particular section of Startup/company Niche based Content Portals Dropshipping Which kind of Business to choose In this post, I've curated some innovative business ideas that you can use to reach your goal. There're various money making schemes available online but those are really good effort and that too doesn't ensure long term results. The Art of Creating a Business Idea: Its as simple or as difficult as you can think it to be. Step 1: Just look at an existing idea/business. Step 2: See the problems (call it efficiency points) in that and Step 3: Device your service around those points. Also, you can just reciprocate their key features and create your service.  For example: facebook shows you the latest news feed. You could think about an app that shows you the posts just related to your interest r...

Dropshipping is a tool for achieving freedom for the people who want to live life on their own rules. It's the future of e-commerce and a boon for next gen entrepreneurs. With the ease of business setup and a very little knowledge about how e-commerce works, now you can setup your own dropshipping business. Why Dropshipping: Nomadic Lifestyle: Have you ever wondered about working from a exotic beach or scenic mountains. This (dropshipping) gives you such a great lifestyle that you won't even have imagined earlier. Lean Business Model: You can literally list thousands of items in your website without actually owing even one of those. It follows lean startup model which is the easiest way of starting business online or offline. It is a business model followed by the greatest of the entrepreneurs as Steve Jobs. Image ref: https://www.slideshare.net/RodKing/steve-jobs-lean-startup-project-management Scalability: You can reach most of the countries with the advent...

It's advised to implement the actionable items in the blog. The blog is useful just when you start implementing it along with reading. Business plan is least useful while executing a business still its quite important while the business is in ideation phase. It keeps changing each day still its necessary to have one. Creating a business plan is not more than filling up the above file (when the startup in still at the beginning stage): Actionable Item: Fill up the above sheet for an existing business nearby your area. If you need further experience, give a visit to the local business store and ask for how he started and reached the break even. Myths and Reality of Business Plans: Below are some important myths and beliefs about the business plan: Myth:   It takes at least a month to create a business plan, Reality:   You can create a business plan in 3-5 days just by following the basic rules. As the plan is never perfect and it keeps changing while i...