This is one crazy year, my direction in career changed due to various reasons. During crazy year have been seen various paths (Investment arrangement, start-up consulting). Some of the learning’s are documented here.
Usually, people think, start-up is the very straight forward journey. But after successive failures, you see the final success (if firm is still alive).
IDEAS – dime a dozen
No one wants another “eCommrce” or “Quickr”?
If you can not innovate, it is better you ignore you startup idea.
It is learned, people chase wrong products, ideas, people, co-founders. You would need have all departments covered.
Business model first?
Usually, people plan a journey and see pros and cons, before they start their journey. You need a road-map.
First and foremost thing is working on “business model canvas”
De-centralization of the activities. Each every team should have daily check-points, rather than CEO or founders taking all responsibilties.
In start-up’s it is essential to focus on each departments.
1. Product dev
5. Loans and investments
Simplest way of exit strategy:
“Test Driven Development” VS start-up planning
Where are we travelling?
In other words, what if fails?
- In general project management
- Risk mitigation is defined as taking steps to reduce adverse effects. There are four types of risk mitigation strategies that hold unique to Business Continuity and Disaster Recovery. It’s important to develop a strategy that closely relates to and matches your company’s profile
- Plan to risk from the beginning