What makes entrepreneurs entrepreneurial?
Came across this brilliant paper which points out the difference between the way entrepreneur thinks and works and the way an MBA would handle it.
The main difference I saw was in the approach, Entrepreneur would jump into action with little analysis, and make the market carve out a roadmap, there is not a huge timelag [...]
Four Types of customers
Every industry has four types of customers:
Loyal Customers
Soon-to-be Non-Customers
“Refusing” Non-Customers
“Unexplored” Non-Customers
You can gain a lot from each type of customer, if used properly. If one adds to your revenue stream, the other helps improve your product and strategy. You will need to concentrate different activities on each type of customer. This saves your [...]
How not to lose a Business plan competition?
Last month I got a chance to go through about 25 business plans. All plans were in the idea stage and were written by college students. I am no expert in wrinting bplans, but felt, with basic knowledge on how to run a company and common sense, the bplans could have been improved many folds.
For [...]
Kick-Starting a Venture
Gave a talk on Kick-Starting a Venture at NITK, Surathkal. Practical things that are to be taken care of when starting/running a venture.
You can download the presentation here : kick-starting-a-venture.ppt
Starting a Business: Hire the right People
When we hire people, we need to choose those who have the right skills and attitude. Any business, especially a startup, cannot afford to hire someone who does not fit in. It is the team that matters more than the brilliant B-Plan you have. I can go on and on about how important it is [...]
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