Startup Wisdom from a friend
Imagine a conveyor belt. Imagine a line-up of of folks standing on it getting randomly sucker-punched.
That is what startups feel like. Everyday some random crisis pops up. Those who are left standing win.
A startup's job is to survive. If you do that for long enough, you win. more
Solution to a problem which has not been faced/envisaged by any startup cannot be expected to be solved in advance and a solitary problem is not a policy problem. more
Startups require Men, Machinery and Money support. more
One of the reason for frustration among startups is they think they are startup Icons from day one and want everything to fall in place as they expected. Just because Govt policy supports startups and for incentives you land in startup you are bound to fail. It is such attempts that defeat the policy initiatives. more
As stated by Kaushikk D. Vyas, each business has its own risks and rewards. Result of ROI depends on what you want back. If you expect a huge return from a small business that too within a single digit FEW years, it is impossible. Learn to relate what you want back/what size you want of that business/and frisks involved first, before venturing out. more
First three years are very tough.Then only only one can expect Return Of Investment. more
Sir, for any new venture there is a minimum payback period, n it may varies from 5-10years depending on the product market potential and the economic situations in the country. more