Lessons from an award winning social enterprise outlines five key lessons for starting a successful business: 1. Don't try to implement all ideas at once - focus on executing your strongest initial idea. 2. Raising capital takes time and involves uncertainty - anticipate long fundraising processes that can impact finances. 3. Expect differences between plans and reality - be prepared to hit challenges but remain focused on your purpose. 4. Recruit talented people who are the right cultural fit and can execute your ideas. 5. Establishing team unity through rites, rituals and recognition builds culture and motivation.

1. LESSONS FROM AN AWARD WINNING SOCIAL ENTERPRISE
5 THINGS I
WISH I KNEW
BEFORE
STARTING UP

2. One of the oft heard phrases in the world
of entrepreneurs is,
I WISH I HAD KNOWN THIS
SOME TIME AGO

3. Compiled next are five main
lessons relevant to issues
common across the industries.

4. LESSON # 1

5. During the starting phase
there are a lot of
ideas going back and forth

6. Don’t try to implement
all the ideas in one go.
It’ll hamper your focus.

7. Instead nail down one idea.
Something which packs the maximum
punch.

8. Then focus exclusively
on this and execute it.

9. LESSON # 2

10. Raising capital is always a challenging
process.
It’s marked with uncertainty and risk.

11. The fundraising process takes time.
It can involve several rounds taking up to a
year at times.

12. Anticipate and keep this
in mind.
It can have a huge impact on finances.

13. LESSON # 3

14. Do a reality check.
The rosy picture your plan paints and actual
reality are mostly different.

15. Trench is as much a part of growth.
Hitting the bottom before you succeed is
almost a rite of passage.

16. Remain focussed on the purpose.
Strengthen the belief system that binds you
together as a team.

17. At times it’s sheer luck at play.
Hold your breath, wait out the dip and
remember that it is darkest just before dawn

18. LESSON # 4

19. Recruit people who can get things
done.
However also take care of the cultural fit.

20. Spend time & resources
on hiring the right candidates.
They are the people who will transform your ideas
into reality.

21. LESSON # 5

22. Rites, rituals and recognition go a long
way.
It establishes team unity, increasing levels of
employee morale and motivation.

23. Apart from building culture
they are also a platform to share updates.

24. So keep these five points in
mind, put on your
entrepreneurial shoes and
you are ready to race and
compete with the best.

25. 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

26. THANK YOU
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