Starting a Business: Choose the right partner
It is always a better idea to start a venture with a partner, than doing it single handed. But, not so, if you choose the wrong one!
A wrong choice here might prove is fatal. You choose a wrong partner and certainly you are on your way to the doom-land.
Ask yourself the following questions:
Is he trust [...]
Starting a Business: Always have a backup plan
How much ever we plan, things do go wrong, and we get unexpected results. Remember the Murphy’s law - “If anything can go wrong, it will!“?
Having a backup plan helps you to come out of the situation without hurting yourself too much. Backup plan helps you to be up and running before you loose it [...]
Starting a Business: No to Unwanted Facilities
When money is tight, as the case is, in any startup, you do not want to be spending on unnecessary things. But unfortunately, that is what most of us end up doing.
We tend to get our priorities wrong and spend too much money and time on things like, Big Office space, logo, fancy web template, [...]
Starting a Business: Do you have enough money?
Do not underestimate the cost involved in getting your new business up and running. There will be lots of unforeseen expenditure which might eat into your budget and cause problems in the run. Make an approximate of how much you need to get your company up and running.
Some of the common expenditures are:
Man Power
Equipment/Infrastructure
Softwares, Hosting
Marketing [...]
Starting a Business: Research before jumping in
The common reason why startups die early is because they didn’t do enough research. Most of them straight away start working, form a company, develop a product etc without doing proper market research. Doing ground work is a must before jump into forming a company and taking the next step. For instance, if you’re of [...]
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