Problems faced by Start ups
Contributed by Sashank
Ten Essentials for a Startup
--Contributed by Ankit
Opening a business in India has never been a more attractive option. With domestic and foreign investors inundating Indian soil with investments, more and more people are taking the entrepreneurial plunge. But most of these start ups lose the plot midway due to inability to gauge the needs and requirements for their start up. Here is a list of 10 essentials for a start up which act as the foundation stone for future success.
1. Business Idea: This is the starting point of all successful ventures. Gauging the potential of the idea is very important and subsequently following it up with right actions is the first step towards building your own company.
2. Core Team: People are the most valuable asset for any startup. With no fully developed product and service, people are the only assets startups have. It is extremely important for startups to manage and retain their people in a right way.
3. Business Plan: Business Plan helps in transforming an idea into a executionable plan. Without a sound business plan, organization loses focus and direction.
Why Venture Catalysts are not Consultants
-Contributed by Sarath Srinivasan
Often people ask me, how is what we do different from what consultants do. Although I know the answer to that question, it is often difficult to put into words. But when I use the word Venture Catalyst, it just makes sense. A Catalyst is substance which is not consumed during a chemical reaction but increases the rate of the reaction. Catalysts generally change in the course of a reaction but are regenerated. We are Catalysts and each of our engagements is a Venture - A journey on a growth path.
Without a catalyst a reaction will happen, but at a very slow imperceptible rate. For a company change is inevitable and unfortunately change often happens out of necessity and crisis rather than in a planned and proactive manner.
