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10 point guide to starting up

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10 point guide to starting up

  1. 1. Starting up 10 point guide
  2. 2. Hello! I am Arvind Subramaniam I am here to tell you that starting up is not easy. And it’s not for everyone !
  3. 3. Startup vs Small Business What's the difference ?
  4. 4. Small Business Permanent, Predictable & Stable
  5. 5. “ A small business is a permanent organization designed to execute a repeatable , linear and scalable business model in a predictable and stable Environment to deliver growth
  6. 6. Startup Non Linear, unpredictable and exponential growth
  7. 7. “ A startup is a temporary organization designed to search for a repeatable ,non-linear & scalable business model in an environment of extreme uncertainty to deliver exponential growth
  8. 8. Growth vs Exponential growth
  9. 9. Business man vs Entrepreneur What's the difference ?
  10. 10. Businessman Can I make Money ? A Thin line Entrepreneur Can I solve a problem & make money out of it ? 10
  11. 11. The Guide
  12. 12. Ideas are worthless Believe me! 1
  13. 13. “ Most Ideas never reach the real world. Execution is key. Focus on execution!
  14. 14. Strong value proposition Focus on problem solving 2
  15. 15. “ Can I make the current process Better, Faster, Cheaper than it already is?
  16. 16. Are you smarter than me? Team matters 3
  17. 17. “ Surround yourself with smarter people. Smarter cofounders. Smarter employees Focus on complimentary skillsets.
  18. 18. Bootstrap Get by with less 4
  19. 19. “ Spend when necessary. Spend within your means. Spend for customer experience.
  20. 20. Minimum viable product Prototyping 5
  21. 21. “ If you are not embarrassed by the first version of your product, you have launched too late.
  22. 22. Fail fast Fail safe 6
  23. 23. “ Embrace lots of little experiments. Know that some will work and grow, and some will fail and die.
  24. 24. Make money Or go home 7
  25. 25. “ You cannot call it a business unless it makes money. You may call it a hobby, passion, or dream. Do not lose sight of the purpose.
  26. 26. Be hungry, be foolish Eager, brave, stupid 8
  27. 27. “ Be eager – learn the ropes. Be brave - take the leap. Be stupid - battle the odds. Take informed risks.
  28. 28. A little bit of luck Just about 1% 9
  29. 29. “ Being at the right place, at the right time, with the right people matters. Plan for things beyond your control.
  30. 30. Entrepreneurs never fail Businesses do 10
  31. 31. “ You are not alone!
  32. 32. Thank you! Any questions?

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