Let us be grateful to the mirror for revealing to us our appearance only.
Enabler! Can save a Startup crash?
Yes, I believe so!
I also believe that there are too many disproportionately puffed-up noises around Startups. Ultimately, it is an innovative, potentially fast scalable, and geographically unconfined business model. Irrespective of the kerfuffle crafted around Startups, like every other business, success of a Startup too whirls around people. People are the only eternal competitive edge (initially and even after the massive scale-up) for the Startups or any other format of business to succeed… And whenever we talk about people, we cannot ignore importance of an ‘Enabler’ (I will talk about Enabler after a while).
Look at several news items, statistics, and independent study reports flooding the net on thriving global Startup Ecosystems and on India story. Yes, picture is very attractive. In recent years, the Indian Startup Ecosystem has really established itself as one of the fastest growing ecosystem in the world. As per Nasscom Startup Ecosystem report 2015, India has flagged its way to secure the third position in the world in terms of the number of Startups (over 4200 / 40% growth) with over $5 billion worth investment in 2015 and almost 3 to 4 Startups emerging every day.
‘It isn’t the mountain ahead to climb that wear you out; it is the pebble in your shoe’
Have you ever witnessed a welding process?
A picture of penetrative glaring iridescent light will materialize in our thoughts.
Welder’s flash, an irritation of the cornea, is caused by ultraviolet radiation from the arc during welding. The willing victim is habitually oblivious that he has been significantly wide-open to a likely damage until several hours later.
Same is with Startups. If there’s anything that can drown a venture, it is the founder’s passion. The golden rule that “chasing your passion indemnities success”, is almost like nursing a gritty arc-eye. Passion alone isn’t enough to craft your success map, because in any Startup, success is achieved by programed actions and hard work of entire team. Founder’s passion, the most indispensable prerequisite, may turned out to be a crucial cause of an adverse impairment.
We are in very exiting times for entrepreneurial ventures. Until very recently, there has never been so many role models for “24/7 Plugged-in Young Minds” ever before. Success stories are frolicked at every corner. Confident and ambitious young minds are no more afraid to question conventional epitomes for pursuing a meaningful challenge in life. Yet, many Startups have evaporated within first few years of the launch. Why?Continue reading →