startup entrepreneurship - romesh sharmaromesh.net/admin/pdffile/909970essentials_of... · 2016. 5....
TRANSCRIPT
SIMPLIFLYERS Solutions
simplifying sustainable success
Startup Entrepreneurship
Why?
• Startup is a culture and not the state of business
• Entrepreneurship requires a mindset and not skills
• Startups are here to stay, fail and succeed
• Startups shall remain the largest employers for fresh talent
• Innovation is key to succeed in ANY career
“Timing, perseverance, and ten years of trying will eventuallymake you look like an overnight success.”
- Biz Stone, co-founder of Twitter.
Only 7% of MBAs are employable: ASSOCHAM
India's job growth lowest since 2009: Where are the jobs PM Modi?
A million Indians reach employable age each month: More jobs, better jobs' data needed
India to see severe shortage of jobs in the next 35 years
Start-ups Are The Biggest Source Of Job-Creation In Any Country: Rajan
India staring at job crisis, warns human development report
India to see severe shortage of jobs in next 35 years: UNDP
Economy could absorb less than half the new entrants into the labour market
Entrepreneurship is a conscious choice to be made by adults and notan impulsive response.
Unemployment & Under-employment
Index• Entrepreneurship – myths & realities
• Startup Ecosystem – (miss)understandings
• Stakeholders’ Perspectives
• Integration & Convergence of Interests
• Mapping Startup Journey
• SIMPLIFLYERS Expertise
• SIMPLIFLYERS Support
• Challenges & Opportunities
• Off the Cuff Relevant Segments
“It's hard to beat a person who never gives up.”- Babe Ruth, Major League Baseball Hall of Famer.
Entrepreneurship – myths & realities
Myths
• Exciting
• Make a change
• High Risk & High Reward
• Adrenaline Pumping
• Unlimited Growth
Realities
• Scary & Lonely
• Not the Most Optimum Way
• Immediate Risks & Potential Rewards
• Depressing & Nor for Faint Hearted
• Sustainability & Scalability
You should do ONLY if you just cannot NOT do it.
Startup Ecosystem – (miss)understandings
Entrepreneur
Regulator
Support
Technology
FinanceCulture
Human
Market
Competition Disruption
Commit to achieve & deliver more – faster & cheaper than others.
Stakeholders’ Perspectives
• Multiple Choices
• Often Conflicting Priorities
• Suspicious & More Suspicious
• Assessment of Current Stage & Path Forward
• Multiplicity & Scalability
It’s not about ideas. It’s about making ideas happen.- Scott Belsky – co-founder of Behance
Integration & Convergence of Interests
• I Lose & We Win
• No Exit Strategy, No Plan B
• Quantifiable Benefits
• Prototype Pivot Product / Service
• Valuation Sales
"You miss 100 percent of the shots you don't take." Wayne Gretzky, NHL Hall of Famer.
Mapping Startup Journey
Entrepreneurship is all about discipline, dedication & determination.
Mapping Startup Journey
Existence Survival Success
Resource Maturity Take Off
Crisis of Leadership
Growth through Creativity
Crisis of Autocracy
Growth through Direction
Crisis of Control
Growth through Delegation
Crisis of Red Tape
Growth through Coordination Crisis of Disruption
Growth through Collaboration
“If you’re not embarrassed by the first version of your product, you’ve launched too late.” – Reid Hoffman, co-founder of LinkedIn.
SIMPLIFLYERS Expertise• Aspiration (Motivation, See what is happening around?)
• Aim (all are equal, except - aim)
• Action (to pull out from ~ go?, no go?)
• Analysis (Reality check, what would happen in real life)
• Augmentation (of - knowledge, experience, likemindedpeople as cofounders, Seed Funds, Series funding)
• Application (of idea into unrelated areas- Disruption)
• Answers (Whatever little we know, if that can help?)
Always be yourself ... do not go out and look for a successful personality and duplicate it. Bruce Lee
SIMPLIFLYERS Support• Creating wing to wing Ecosystem fostering innovation,
entrepreneurship and sustainable growth
• Developing appropriate Corpus in association with University & OtherStakeholders
• Identify right technologies, processes & talent
• Outsourcing ~ something you must not do
• Regulatory and legal compliance
• Developing Context for conceiving startup ventures throughunderstanding of problems in vicinity and thinking out of box solutions
• Grooming to next level by removing road blocks and ideas’refinement
• Evaluating with respect to alternatives
Our expertise lies in connecting you with the best expert, quickly &effectively.
Challenges & Opportunities
• Too Many Me Too, Three Few Disruptors
• Fear of Missing Out
• Over Crowded Job Scene
• Unmet Aspirations
• Almost Unlimited Potential
"Success is how high you bounce after you hit bottom."– General George Patton.
Off the Cuff Relevant Segments
• Observe following problems and possible solutions in any ofthe following areas (Less than 50 Words Each) timeframe,nos. of consumers investment required and annual profit
1. Water Management
2. Agriculture Productivity
3. Historical Tourism
4. Educational Empowerment
5. Basic Healthcare Management