Some of the successful people have said that "there is always a baggage that comes with investors’ money & also you will be responsible for other's karmas”. So sometimes it’s a good idea to start with whatever little money you have. There is a freedom & a control that comes with no money. There are tons of ways to make money, but people never pursue them because they seem "menial" or "not worth their time". In every locality or community you will find few problems which most people are living with. A smart person can actually tap these kinds of opportunities & make money as well as create good-will & the network.
One more thing which sometimes goes against people who wants to pursue their hobbies into their business. Though it helps sometimes but someone has to be practical enough to be aware of the market scenario & what makes business sense. But it is found that if instead of concentrating on your hobby only if someone concentrates on the processes used in the business it will return far better results comparatively. Processes could be building teams, collaborating with others, wrestling with creative challenges, supplying customers with value, entertaining paradigm-shifting ideas, dreaming of the potential for fast growth, and being socially responsible to all the stakeholders.
Some of the points which can help one get succeeded in their startup businesses:
Try to be Pro-people & hire good people
Try to be a specialist of the business you are in
Do on-hand as & when needed
Be passionate about your work
Be an example for your employees
Use problem solving tools to deal with the problems.
Think ahead of time
Some of the things every new entrepreneur must remember if he has to succeed & sustain in the race:
· Always plan for each & everything for your success. If you & your employees are working long hours that means there is something wrong with your planning & management
· Always deliver value not junk
· Buy good stuff sell good stuff
· Be innovative
· Involve & collaborate
· Stick to your values
One more thing which sometimes goes against people who wants to pursue their hobbies into their business. Though it helps sometimes but someone has to be practical enough to be aware of the market scenario & what makes business sense. But it is found that if instead of concentrating on your hobby only if someone concentrates on the processes used in the business it will return far better results comparatively. Processes could be building teams, collaborating with others, wrestling with creative challenges, supplying customers with value, entertaining paradigm-shifting ideas, dreaming of the potential for fast growth, and being socially responsible to all the stakeholders.
Some of the points which can help one get succeeded in their startup businesses:
Try to be Pro-people & hire good people
Try to be a specialist of the business you are in
Do on-hand as & when needed
Be passionate about your work
Be an example for your employees
Use problem solving tools to deal with the problems.
Think ahead of time
Some of the things every new entrepreneur must remember if he has to succeed & sustain in the race:
· Always plan for each & everything for your success. If you & your employees are working long hours that means there is something wrong with your planning & management
· Always deliver value not junk
· Buy good stuff sell good stuff
· Be innovative
· Involve & collaborate
· Stick to your values
