Bunch of guys in chennai are planning to form a Bootstrap group to help startups. Interesting part of it is that we have decided to have meetings in OpenCoffee format
http://www.opencoffeeclub.org/
Here's the blurb:
The Chennai OpenCoffee Club is a place for people involved in the startup ecosystem to meet in an informal setting. Anyone involved with startups - entrepreneurs, developers, lawyers, investors - is invited to come and join the conversation.
Date & Time:
3pm on Sunday, 5th August
Place:
Subway
New no. 147, G.N.Chetty Road,
T.Nagar.
Landmark: Opp Murugan Idli Shop.
Anyone interested can drop in at the above place and time. If possible, send me an email with an rsvp so that we can gauge the approximate size of the gathering. Send a mail to Guna Sekaran or siddharta@gmail.com.
Showing posts with label Startup. Show all posts
Showing posts with label Startup. Show all posts
Friday, August 03, 2007
Sunday, July 29, 2007
Better ways to sustain the(in a) startup!
I was talking about ways to sustain in a startup in BCB4 that was held in IIMB, Bangalore last week. Primarily, I talked on four major elements of the startup - would like to call it as 4C rules - the Customer, Company, Citizenry(people) and the Cash flow. Here is the summary of it.
Customer
1. Understand the target customer well.
2. Do the Customer profiling before you venture into the company.
3. Look at what customers benefit from your product/service – do not look at your product features!
Company
1. Ask yourself - What is that you want to change in the current system!
2. Do not venture into anything, just because you wannabe an entrepreneur!
3. Be unusual! Think big.
4. Go for a High risk high impact strategy! You are lucky if you have a low risk high impact strategy!
4. Always have alternate options!
5. Everything is urgent and important category - Do it now – Sense of urgency is a must!
6. Don’t expect to fly – Have a long term plan.
7. Crawl, walk, run – Fly strategy works out very well.
Citizenry
1. Too much passionate of your idea is too dangerous – Look at the flip side of it.
2. Complement your team - If you are a techie geek – don’t think that you can sell also, have a real sales man.
3. Add people, who is very passionate about your idea and ready to go for Marathon in the startup carrier.
4. Fire people – If he can not take forward the company's passion.
5. Be wary of expanding suddenly!
6. Do not take prejudiced decision – on people
Cash flow
1. Plan well according to the depth of the pocket!
2. Invest in inventory carefully!
3. Predict the fume date!
4. Maintain tighter cash flow.
Customer
1. Understand the target customer well.
2. Do the Customer profiling before you venture into the company.
3. Look at what customers benefit from your product/service – do not look at your product features!
Company
1. Ask yourself - What is that you want to change in the current system!
2. Do not venture into anything, just because you wannabe an entrepreneur!
3. Be unusual! Think big.
4. Go for a High risk high impact strategy! You are lucky if you have a low risk high impact strategy!
4. Always have alternate options!
5. Everything is urgent and important category - Do it now – Sense of urgency is a must!
6. Don’t expect to fly – Have a long term plan.
7. Crawl, walk, run – Fly strategy works out very well.
Citizenry
1. Too much passionate of your idea is too dangerous – Look at the flip side of it.
2. Complement your team - If you are a techie geek – don’t think that you can sell also, have a real sales man.
3. Add people, who is very passionate about your idea and ready to go for Marathon in the startup carrier.
4. Fire people – If he can not take forward the company's passion.
5. Be wary of expanding suddenly!
6. Do not take prejudiced decision – on people
Cash flow
1. Plan well according to the depth of the pocket!
2. Invest in inventory carefully!
3. Predict the fume date!
4. Maintain tighter cash flow.
Friday, June 29, 2007
why should you startup?
I received a link on reasons why you should start a company in one of the discussion forums. The excerpt that I liked the most from the article is here.
One of the audience members asked if the founders were able to work from 8-5 to Reid Hoffman, founder of LinkedIn. He sort of sighed and had this to say:
“Before you get profitable and establish yourself, you’re basically walking dead and you have to realize it’s more of a marathon than a sprint.”
He then went on to say that you can expect to work over 70 hour work weeks to get the product out the door. If you’ve run any type of long distance race, then you’ll understand the importance of mental focus. For example, if you’re mentally ready to run five miles, and at the fifth mile you’re told to run five more, that’s much harder than mentally preparing for ten miles at the start. The only way to train for a marathon is by running, and the only way to train for a startup is by starting.
You can refer the complete article here.
One of the audience members asked if the founders were able to work from 8-5 to Reid Hoffman, founder of LinkedIn. He sort of sighed and had this to say:
“Before you get profitable and establish yourself, you’re basically walking dead and you have to realize it’s more of a marathon than a sprint.”
He then went on to say that you can expect to work over 70 hour work weeks to get the product out the door. If you’ve run any type of long distance race, then you’ll understand the importance of mental focus. For example, if you’re mentally ready to run five miles, and at the fifth mile you’re told to run five more, that’s much harder than mentally preparing for ten miles at the start. The only way to train for a marathon is by running, and the only way to train for a startup is by starting.
You can refer the complete article here.
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