I had the opportunity to address the Impact Session on “How to Grow & Manage Startups” organized by ICSI-NIRC on 17.2.2016. In my opening remarks I stated that we are incredibly excited about the Startup India Action Plan announced by the Hon’ble Prime Minister of India, which is definitely going to motivate many young entrepreneurs to turn ideas into action and create more jobs opportunities in India. With faster registration of patents and protection for Intellectual Property rights, every entrepreneur would also be confident of reward for his innovation. Day is not far off when India may acquire from 3rd position to 1st position with largest number of start-ups globally.
Addressing the gathering I stated that a lot of businesses have entered the market these days to reach out to customer with different channels. The trust factor through offline shopping has been replaced with online shopping as it provides cheaper, economical and variety of things to buy. While starting up your own business, it is important to understand that how to manage the growth in the present and future context. Company Secretaries play a proactive role in guiding these startups by providing professional support ranging from business setup, documentation, compliances, accounting, payrolls, funding and many more that will help them to rise up to the challenges in the global economy.
The ICSI must rise to the occasion to encourage and foster its young, capable and talented members for their future splendor by Setting-up of incubation centers and provide them necessary support and hand-holding in their growth. It is good time to start chain programmes on Startups and greet the future that “WE ARE READY”.
1. S T A R T U P S
A N D M A N A G I N G
S T A R T U P S
NIRC
P A V A N K U M A R V I J A Y
P A V A N K U M A R V I J A Y
+ 9 1 9 8 1 0 0 3 2 5 6 8
P K V I J A Y @ I N D I A C P . C O M
2. EQUATION OF A STARTUP
New
Busines
s
Innovation Technology Passion Startup
3. T H E Y A R E C R E A T I N G
D I S R U P T I O N
35. .
Building
Something that
nobody wants
(36%)
Hiring Poorly
(18%)
Lack of Focus
(13%)
Fail to execute
Sales and
Marketing (12%)
Not having the
right Co-
Founders (7.9%)
Chasing
Investors not
Customers
(5.4%)
Not making sure
you have enogh
money(3.3%)
Spending too
much
money(2.1%)
Failing to ask for
help (1.4%)
Ignoring social
media (7%)
TOP 10 Startups Mistakes
36. Setting-up of Incubation
Centers
Encourage young members
to think big to achieve
bigger
Provide them support and
hand-holding for their
growth
Hold Chain Programme and
events on Start-upHowcanhelp
37. AT ICSI, WE WOULD LIKE TO REV-UP THE DREAM OF ' START UP - STAND UP CS' AND
THE ENDEAVOUR WOULD BE TO BURN THE ENTREPRENEURIAL FIRE IN OUR
PROFESSIONALS. WITH THE VARIOUS INITIATIVES OF THE GOVERNMENT OF INDIA,
THERE IS A SEA OF OPPORTUNITIES JUST WAITING TO GET UNLEASHED OPTIMALLY.
ICSI WILL BE READILY PROVIDING PROACTIVE AND MEASURABLE SUPPORT TO SCALE
UP THE AMBITIONS OF THE GO - GETTERS AND TO RAISE THE MAGNITUDE OF
PROFESSIONALS BY HAVING INCUBATION CENTRES
AS SWAMI VIVEKANDA SAYS " TAKE UP ONE IDEA. MAKE THAT ONE IDEA YOUR LIFE.
THINK OF IT, DREAM IT, AND LIVE ON THAT IDEA. LET THE BRAIN, MUSCLES, NERVES,
EVERY PART OF YOUR BODY, BE FULL OF THAT IDEA, AND JUST LEAVE EVERY OTHER
IDEA ASIDE. THIS IS THE WAY TO SUCCESS". GIVE YOURSELF SOMETIME
President Page February
39. NOKIA FAILED IN “CONNECTING TO
PEOPLE”
Nokia – Same Old Technology iphones – Complete Innovation
40. TECHNOLOGICAL ADVANCEMENT &
ADVANCEMENT ARE BRINGING CHANGES
E Commerce wiping out middleman
Made the things more convenient for professionals
Capital & Technology replacing Labor
Consolidation of Market Players & making a market place
48. New Business Ideas and Startups
Mobile App
Development
Company
Connecting
community
of Solo Travelers
Short news
mobile app
Co-working
Space
49. “YOU NEED THREE THINGS TO CREATE A SUCCESSFUL STARTUP:
TO START WITH GOOD PEOPLE,
TO MAKE SOMETHING CUSTOMERS ACTUALLY WANT,
AND TO SPEND AS LITTLE MONEY AS POSSIBLE.”
SUCCESS MANTRA - 1
BY: PAUL GRAHAM
50. WHETHER PROFESSIONALS CAN GRASP SUCH CHANGES??
HAVE PRIDE IN HOW FAR YOU
HAVE COME
HAVE FAITH IN HOW FAR YOU
CAN GO
SUCCESS MANTRA - 2