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Life & blood of entrepreneurship
- 1. Life & Blood of Entrepreneurship - 101 Ramesh Kandikonda, SR IT Consulting Pvt. Ltd. Whole 9yrds ...
- 2. Agenda • Journey • Timing ( now or experience) • First thing First (Business Plan) • Team • Customer • Finance ( where is the money) • Associations ( mentor) • Ecosystem • Community • Events ( Startup Saturdays, TiE, Nasscom, ...) • Qualities ( Listening, Failures, Surprises... )
- 3. CONGRATULATIONS If you have already decided...
- 4. JOURNEY
- 6. Expect Twists & Turns
- 7. Close Look
- 9. Tools for our Journey
- 11. Timing Now? or Later? Experience I may get struck to work Finance Raise funding Idea may loose value Idea life Team may not exist New Team
- 12. • Idea Validation • Is market ripe for the product/ Service • Pay for this service / Product? • Market survey • Resources / Knowledge • Risk • Environment • Geopolitical Timing Now or Later ?
- 13. FIRST THING FIRST Business Plan
- 14. Business Plan • Is it Must ? • Yes.... • Why • To know game plan • Deep understanding of Market • To get thought clarity • To avoid mistakes • To raise money • To Sync - Everyone one on same page • Living Document • There is no perfect plan ... First thing that you need to do....
- 15. Lean Canvas
- 16. B’ Plan • Executive Summary • Analysis & Trends • Target Market • Competition • Strategic position & Risk • GTM (Go To Market) • Team • Operations • Technology • Org. structure • Milestones • Financials Minimal Stuff / Contents
- 17. Team • Most important element • Classmates / Colleagues • Advantages • Disadvantages • Roles & Responsibilities • Compensation • Plan for Exits ... !!! • Who will take final shot ...? • It’s all in the game !!! • Document
- 18. Customer • Who is Your Customer ? • Who is not • Segmentation • What pain point we are trying to address • B2B or B2C or Market Place or ... More knowledge is better
- 19. Finance • Return on Investments • Balance sheet • Monthly / Quarterly Sales Targets • Allocations • Marketing • Inventory • Salaries • Rents • Infrastructure • Order fulfillments • Misc Oxygen for the business
- 20. NEED GUIDANCE ??? Look Mentor
- 21. Mentor • Who has seen/ done it before • Advantages • Network • Who is who • Prioritizing • Seen world • Paid Vs. Free • Paid • Stake • Fixed amount - annual basis Seek Help... Nothing wrong
- 22. ECOSYSTEM Lot’s of things happening in & around
- 23. Eco System • Incubation Centers • TiE, IIIT ... • Residential programs • Chennai • Mumbai • Delhi • events • Startup Saturdays, SLP, ISB, TiE, Founders Institute, TV SHows • Angles Community • Hyderabad Angles • Indian Angles • VC Community
- 24. QUALITIES
- 25. Qualities • Passion • Learning never ends... • Be a good listener • Resilience • Teamwork • Be ready for the surprises
- 26. Embark on Your Journey Whenever you think you are ready