Our journey to success begins with an IDEA Blooming. Never dream without a plan & vetting of your idea. Remember you are here for business. One should know how to handle FAILURES rather than SUCCESS.
A BUSINESS PLAN STARTS WITH SWOT ANALYSIS
STRENGTH, WEAKNESS, OPPORTUNITY, STRENGTH- We need to analyse our own SWOT, which gives us the answer for a dream becoming a successful reality.
Every Startup will have its Ideas, dreams, & ambitions, but without basic vetting of the idea, testing it, finding its fitness, the dream will just remain that – A pipedream.
Are you ready with tested prototype for your IDEA to go live, do you have therequired team to do this?
Put the PROTOTYPE through a series of rigorous tests, analyse success sustainability, anticipate the various adverse events that may lead to Failures despite of your Idea being vetted well.
Further an analysis of competition, economic slowdown, expected govt policy, import export measures needs to be done & its impact on your business.
Analysis of own Financial situation, sustainability levels and fund-raising capacities
Finally as we say, MONEY IS THE HONEY, YOUR INVESTOR WILL ASK YOU TO SHOW WHERE IS THE HONEY.
YOU ARE A SUCCEFUL ENTREPRENEUR IF YOU ARE ABLE TO SHOW HONEY, MAKE HONEY FOR YOURSELF WITHOUT STRESS.
THE APPROACH OF A STARTUP
1. IDEA
2. BRAINSTORM YOUR IDEA
3. IF FOUND POSITIVE, GET IT VETTED BY EXPERTS.
4. DECIDE THE RIGHT TYPE OF INCORPORATION – PROPRIETARY, PARTNERSHIP, LLP, PVT. LTD., OTHERS.
5. PREPARE BUSINESS PLAN, FINANCE PLAN, BUDGET, 2ND IN LINE PLAN,, DISTRESS PLAN, EXIT PLAN
6. DECIDE FINANCE – PREPARE PROJECT REPORT
7. KICKSTART – IF NO FINANCE REQUIRED OR START SOURCING FINANCE
8. CONTINOUS PERIODICAL MONITIRING OF GROWTH
9. APPOINT & WORK WITH EXTERNAL ADVISOR/MENTOR ON SMALL FIXED REMUNERATION + SWEATY EQUITY ON REACHING MILESTONES
10. What an ADVISOR should take care – COMPLETE HANDHOLDING – MAKE DREAM COME TRUE – MANAGING & MONITORING ALL DEPARTMENTS – FIXING TARGETS, MOTIVATING, ACHIEVING TARGETS. FINALLY SHOW THE HONEY i.e. MONEY.
INTERESTED IN THE BLOG? LOOKING FOR AN ADVISOR? WOULD YOU LIKE TO KNOW MORE DETAILS. YOU CAN CONTACT SUBBUS ON 9972039806 / smasganesh@gmail.com
