Start-ups as drivers for the Indian economy’s growth they fuel innovation and value creation for all in general thereby reducing wastages and increasing efficiencies by recognising the gaps.
Three words that defined the start-up landscape in 2021 – Funding, Unicorns, and Exits
♦ $24 billion in funding, 40+ unicorns, 11 IPOs, and 198 M&A deals.
The goal of any start-up or business idea, is to solve a problem, or to find an effective way to solve a currently faced challenge. It can be to meet the deficiencies in the current products or services. Ultimately the spirit of Start-up is betterment of society as a whole.
With Quote from our very own, Srimad Bhagwad Geeta. Chap 3 Shlok 20-loka-saṅgraham evāpi sampaśhyan kartum arhasi-Keeping in view protection of people, perform the action.
Anything done for greater good would lead to good results only.
Start-ups are rooted in innovation, addressing the deficiencies of existing products or creating entirely new categories of goods and services, thereby disrupting entrenched ways of thinking and doing business for entire industries. That’s why many start-ups are known within their respective industries as “disruptors.”
If, the very purpose of start-up, is not there it is merely any other business idea. The objective of a great Start-up should be look into the current process and find the gaps in the process. If the gaps are identified and solutions are found, it can be turned into a successful Start-up.
However not all Start-ups find their way to success or even recognition leave alone the investors. The Start-up story seems to be a reflection of quote “all that glitters is not gold”.
Merely having an idea is not sufficient, getting idea and outlining the steps involved, without which nothing great can be achieved.
- Forming a vision. Outline the idea and prototype, if possible,
- Planning the strategy to realise the vision.
- Establishing institutional excellence.
- Building an innovative organization
- Building teams and teamwork.
- Delegation, motivation, and communication.
- Reviewing performance and taking corrective steps when called for.
Start-ups are initially run by the founders on their own funds known as bootstrapping. Later on once the momentum is gained the funds are raised at various levels.
Start-ups generally raise money via several rounds of funding:
- There’s a preliminary round known as bootstrapping, when the founders, their friends and family invest in the business.
- After that comes seed funding from so-called “angel investors,” high-net-worth individuals who invest in early stage companies.
- Next, there are Series A, B, C and D funding rounds, primarily led by venture capital firms, which invest tens to hundreds of millions of dollars into companies.
- Finally, a startup may decide to become a public company and open itself up to outside money via an IPO. Anyone can invest in a public company, and the startup founders and early backers can sell their stakes to realize a big Return on Investment (ROI).
Create the scorecard by which you’ll judge success “It’s that old SMART acronym: Specific, measurable, achievable, relevant, and timely.”
Be as precise as possible about your top-level objective, and the metrics you’re using to measure it.
Atmano mokshartham jagat hitaya cha (translation: for the salvation of our individual self and for the well-being of all on earth) is a sloka of the Rig Veda.
The Budget of 2022 has raised great hopes amongst the Start ups in India. The way the progressive and inclusive budget has shown the way forward for our Indian economy for being ready to take Head on with Rest of the world.
The introduction of Digital Assets is a major step done in this direction, which will control the flow of resources in the more streamlined and effective manner.
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