The Stats On Start-Ups


wealthymatters.com

Reasons Why Start-Ups Fail


wealthymatters.comGive up 

When it comes to business success stories,a common trend you’ll hear is that the founders never gave up.

Ideas Alone are Worthless 

Ideas themselves aren’t worth much, its the people behind the ideas that matter,and how committed they are to executing their vision.

Overbuild 

Too few start-ups focus on creating the minimum viable product,or MVP.Creating the MVP means developing a product that’s easy to understand. Don’t overbuild. Read more of this post

The Importance Of Doing Sales


wealthymatters.com‘Vyaapari woh, Jo Bechta bhala’ = A businessperson is one who sells well.

Selling is something a lot of people fear.There is fear of failure,fear of rejection,fear of not having an answer,fear of meeting new people,fear of being judged,fear of offending friends and family,fear of strained relationships etc.etc.However every business is supported by sales.No sales equals no business.And if you would be an entrepreneur you need to be the best salesperson,not just to clock revenue but to speak to bankers,potential hires,suppliers etc.And the only way to get over the fears of selling is to launch yourself into it.You will improve as you muddle through it.Remember “Courage is not the lack of fear. It is acting in spite of it.” Read more of this post

Free Resources For Start-Ups


Great List Of Free Resources For Bootstrapped Start-ups.

Stephanie Shirley's avatarThe Comm Entrepreneur

I’m always thrilled to stumble upon a web site, phone app or piece of technology that is designed to help a small business give the image of a large corporation. Small businesses don’t have the disposable income or office structure to support the expense of big machines like faxes and scanners, to purchase multiple business phone lines or to pay for a full time accountant. Instead, we become the Jack-of-All-Trades. Sure we’re the CEO’s, but we’re also the billing department, human resources, administrative assistants and IT. I choose to work from home because I love minimizing my overhead costs (and working from a local park or in my pajamas from time to time). But one aspect I DON’T love about working from home is the reaction I sometimes get when I say I run my Public Relations Firm just a few doors down from the same place I sleep and…

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Sudhir Hasija-The Upwardly Mobile Entrepreneur


wealthymatters.comSudhir Hasija is the chairman of the Rs 1200 crore homegrown handset maker Karbonn Mobiles.Here is a link to the company’s website:http://www.karbonnmobiles.com/.

His story will tell you how a person with few means can get into wholesaling and then into manufacturing.So for all would- be industrialists here is his story:

55 year old Sudhir Hasija, is the son of a government clerk. He left his home in Meerut, Uttar Pradesh, after clearing his Class 10 exams. He then moved to Hyderabad where he spent three years in a machine tools company and saved around Rs 3,000. He used this money to set up a business selling TV accessories such as antennas and trolleys in Chennai. It was a difficult struggle. He would climb to the rooftops of buildings bare footed in the scorching heat to install antennas. He used to wash at railway stations and stay in low-cost lodges. However he persisted and managed to built a thriving business that he expanded across other southern cities.  Read more of this post