Have you ever been bitten by the startup bug? Does it make you dream and aspire you to be an entrepreneur?If yes, then how do you go about it? What is the first step towards building a startup that is viable and valuable?Well, if you’re looking for answers, keep reading further to know all about ideation and how to choose the right idea from thousands that are floating around in your head. Creating a startup with a vision to tackle problems and solve them better than others is the difference between a successful and a failed startup. You can do everything perfectly from marketing, procurement, delivery and more, but if your idea is flawed or unviable from the beginning, you are on the wrong trajectory and most likely doomed to fail. It all comes back to the ideation phase. Here is the A-Z guide on ideation and everything that you need…
There has never been a better time than today to innovate and create something that is revolutionary. With access to infinite resources and a wider-than-ever-knowledge base, the potential to create something extraordinary is limitless. You, as an individual, have the chance to create something for the present and future generations of mankind to harness for our greater good. When it comes to business, innovation is your immunity against volatility. Since no industry is resistant to change, it is futile to stay stagnant and become irrelevant in the market. Innovation helps you connect the three crucial dots that represent past legacy, current relevance and future success. 1) Disrupting The Status-Quo When you’re looking to enter a market ripe with competitors in the same playing field, it is the power of innovation that helps you disrupt the market and grab the world’s attention. That’s exactly what Uber and Amazon did with their…
In the last article, we talked about the meaning of corporate governance along with its formation,…
Corporate Governance is one of the key elements of operating in the right manner, especially with the emergence of global conglomerates. It is the need of the hour with complex structures, globalisation and mammoth organizational sizes making it tougher than ever to regulate externally. Companies that fail to regulate themselves and operate in a fair and transparent manner end up perishing with time. Theoretically, corporate governance is a set of rules, practices and processes that exist to regulate and operate a company. They are systematically performed to ensure that the desired equilibrium is attained between fulfilling the obligations towards all the stakeholders including, but not limited to shareholders, financiers, auditors, vendors, customers, employees, government and the general public/ community. It encompasses every possible function at every level from A-Z such as fiscal responsibilities, risk forecast and management, consumer satisfaction, environmental awareness and duties, ethical goals, legal aspects and the greater good…
Putting all your eggs in one basket? Think again!The failure percentage goes sky-high if you…
There’s a thin line of difference between being confident and overconfident in your skills, especially if you’re an entrepreneur. However, that shouldn’t stop you from upscaling yourself and believing in your abilities. After all, if you’re not confident in yourself and your business, why will others place their faith in you?A lot of entrepreneurs are highly-skilled, intelligent and creative, but they still lack confidence for some reason. Exuding confidence is essential for motivating your employees, investors and customers alike, especially when you have the talent, work ethic and numbers to back it up. Here are 5 highly-effective ways to build your entrepreneurial confidence: 1) Failures Are Opportunities in Disguise Failure is always the hardest pill to swallow, but it comes with plenty of wisdom, lessons and opportunities, if you’re willing to maintain an optimistic outlook. You get the chance to learn from your mistakes, take corrective action and push yourself…