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    5thingsiwishiknewbeforestartingup 130807062900-phpapp02 5thingsiwishiknewbeforestartingup 130807062900-phpapp02 Presentation Transcript

    • LESSONS FROM AN AWARD WINNING SOCIAL ENTERPRISE 5 THINGS I WISH I KNEW BEFORE STARTING UP
    • One of the oft heard phrases in the world of entrepreneurs is, I WISH I HAD KNOWN THIS SOME TIME AGO
    • Compiled next are five main lessons relevant to issues common across the industries.
    • LESSON # 1
    • During the starting phase there are a lot of ideas going back and forth
    • Don’t try to implement all the ideas in one go. It’ll hamper your focus.
    • Instead nail down one idea. Something which packs the maximum punch.
    • Then focus exclusively on this and execute it.
    • LESSON # 2
    • Raising capital is always a challenging process. It’s marked with uncertainty and risk.
    • The fundraising process takes time. It can involve several rounds taking up to a year at times.
    • Anticipate and keep this in mind. It can have a huge impact on finances.
    • LESSON # 3
    • Do a reality check. The rosy picture your plan paints and actual reality are mostly different.
    • Trench is as much a part of growth. Hitting the bottom before you succeed is almost a rite of passage.
    • Remain focussed on the purpose. Strengthen the belief system that binds you together as a team.
    • At times it’s sheer luck at play. Hold your breath, wait out the dip and remember that it is darkest just before dawn
    • LESSON # 4
    • Recruit people who can get things done. However also take care of the cultural fit.
    • Spend time & resources on hiring the right candidates. They are the people who will transform your ideas into reality.
    • LESSON # 5
    • Rites, rituals and recognition go a long way. It establishes team unity, increasing levels of employee morale and motivation.
    • Apart from building culture they are also a platform to share updates.
    • So keep these five points in mind, put on your entrepreneurial shoes and you are ready to race and compete with the best.
    • This presentation is based on a talk by Dr. Ashwin Naik, Founder/CEO of Vaatsalya Healthcare. Visit Entrepreneur Academy for more useful resources for start-ups
    • THANK YOU WWW.NENONLINE.TV