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Issues in Evolution of New Business
- 1. Issues In Evolution Of New Business Dr. Amit Purushottam carcs.in 6204323465 CopyRight Protected carcs.in
- 2. Problem Encountered CopyRight Protected carcs.in
- 3. Cognitive Solution CopyRight Protected carcs.in
- 4. Fundamentals • Avoid me too • Think out of box • Flexible and • Adaptive approach CopyRight Protected carcs.in
- 5. What it should have • Definition of the product or service on offer • The customer need to be satisfied • Opportunity in the market • Details of current and future earning • Team profile • Competitors CopyRight Protected carcs.in
- 6. What it should not • Exaggerate the opportunity • Set over ambitious goals • Ignore competition CopyRight Protected carcs.in
- 7. systematic search for new ideas 4% replicated or modifed an idea encountered through previous employment 71% Idea by chance 20% others 5% Sources of start up ideas CopyRight Protected carcs.in
- 8. 26% 37% 28% 9% a matter of week a few months six months to one year over one year Time From Idea To Start Up CopyRight Protected carcs.in
- 9. Source Of Initial Funding Angels 3% Venture Capital 4% Others 12% personal saving 55% personal loan and mortgage 13% family and friends 13% Primary Sources Of Initial Funding CopyRight Protected carcs.in
- 10. Through intermediaries 8% Through direct sales 88% Both 4% Sources Of Early Revenue CopyRight Protected carcs.in
- 11. Heavily involved 10% Some what involved 8% Main Sales Person 82% Founder's Involvement In Selling CopyRight Protected carcs.in
- 12. Techniques of Ideation • Brainstorming • Nominal group technique • Six Thinking Hats CopyRight Protected carcs.in