The Build-Measure-Learn Loop

The Build-Measure-Learn Loop

Start-Up
Most new businesses fail. But most of those failures would have been preventable if the Lean Startup methodology had been followed. In this post, we will discuss the build-measure-learn loop from "The Lean Startup" book written by Eric Ries. Introduction The Build-Measure-Learn cycle is a feedback loop that is said to be one of the core components of the Lean Startup methodology. Its goal is to turn uncertainties, assumptions and risks into knowledge or “sure things” that will eventually guide organizations and business towards progress. Through this process, the key unknowns can actually be transformed into knowledge that the startup can use in its product development – and business operations, as a whole. This whole process can also be called an experiment. In order to understand how the Build-Measure-Learn cycle…
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Choosing the Right Legal Structure for Your Start-up

Choosing the Right Legal Structure for Your Start-up

Start-Up
Introduction No matter what your business is, you need a basic legal understanding and the ability to see what you really should have done and should do in future. As a startup, you invest every minute in growth and related activities, and thus, legal matters of the business often get ignored. This leads to common legal mistakes that impact your company’s success or failure in the long-run. Hence, it is prudent to be aware of the legal matters of your business from the start. Starting from the correct choice of a legal structure to know about the registration process for the same, and finally, decide on the right location for establishing your entity – all these aspects need your attention. Of course, to get all your assumptions and decisions checked, you must seek advice…
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Impact of COVID-19 on Indian Economy

Impact of COVID-19 on Indian Economy

Economy
Sources – KPMG, EY, Nomura, MoSPI   India’s real GDP decelerated to its lowest in over 6 years in 3Q 2019-20, and the outbreak of COVID-19 posted new challenges. Government has taken steps to contain the spread, such as nationwide restrictions for 21 days and a complete lockdown of the states have bought all the economic activities to standstill barring the essential services. This has an impact on consumption and investments. While Indian businesses, barring a few sectors, can possibly insulate themselves from the global supply chain disruption caused by the outbreak due to lower reliance on intermediate imports, their export COVID-19 infected nations could take a hit. In sum, the three major contributors to GDP – private consumption, investments and external trade, will get affected. Three scenarios can be…
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The Bulb | An Analysis of Business Idea Validation

The Bulb | An Analysis of Business Idea Validation

Start-Up
Introduction Everything starts with an idea and it depends on what you do with that idea, and what steps you take to turn your idea into a reality. Before we go into the details let’s define “What a business Idea means?” As there is no authentic definition of the idea, we can define it as under “A business Idea is a unique concept that can be used for solving problem(s) being faced by potential customers and may be used for financial gain.” Identification The best way to arrive at a good startup idea is not trying to think up new startup ideas – that would be the wrong way. The ideal way is to look for problems and needs, preferably problems and needs you have faced yourself. Alternatively, it could…
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Getting Started with a Limited Company

Getting Started with a Limited Company

Start-Up
Dear Friend, Now days India experiencing boom in start-ups. Current Govt. is providing various facilities to new entrepreneurs to start and fund their ventures. A Private Limited Company is most preferred business structure for starting new venture. In this post we will discuss the advantage and characteristics of pvt ltd company, which make its best from other options:-   Advantage of Pvt Ltd Company Separate Legal Entity: The shareholders and directors are separate from company. They are not liable for liability of company. Uninterrupted Existence: Since Shareholders/ directors are separate from company, hence company can exist even after the death of any/all shareholders/ directors. Free Transferable : Shares of a Pvt ltd company is free and easy as compared to proprietorship business. Ownership is separate from management : The Status of Directors and…
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10 Point Checklist for Startups

10 Point Checklist for Startups

Start-Up
In recent years India is evidencing boom in startup culture. Many young entrepreneurs are starting theirs venture and setting new benchmark in Indian Markets. These success stories inspire others to start their own venture and be “Start-up”. If you are also planning to start your business - congratulations!  Once you get over the initial excitement, it’s time to break down the process of launching your startup into manageable chunks. In this post we have listed out the preliminary task/checklist which you need to do before the launch:- Learn from Leaders: Read some books written by great authors like Purple Cow: Transform Your Business by Being Remarkable by Seth Godin, Influence: The Psychology of Persuasion by Robert B. Cialdini, PhD, How to Win Friends and Influence People by Dale Carnegie, Outliers: The…
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