What is the primary goal of a pitch deck in the startup world?: I’ve often asked this question. Sometimes the pitchdeck feels like a fancy marketing pitch and you have to impress these investors to win them over. As shallow as it feels, I think a pitchdeck is one of the most important things in the early stages of a startup.
Awaiting an official announcement on the theme of 2024’s National Startup Day. We can however be certain that it will be something to further leadership abilities and innovation to grow and expand. Some things to look out for are – the impact of startups on the Indian economy, and new startups created in 2024. I would also be very curious about any new announcements from the government to help entrepreneurs create businesses better and remove obstacles in their way.
In this article, we go through the details of startup india, its purpose and information about using it for entrepreneurs. The scheme was started to make it easy for entrepreneurs to setup business and create an ecosystem for them to grow and flourish. It provides opportunities such as funding, networking and mentorship for new businesses.
Although these terms are used interchangeably, they have subtle differences. Entrepreneurship in general is used synonymously with innovation, minimum viable products and funding etc. Business on the other hand refers to a wider area including expansion of existing business, geographical expansion, etc.
Fabian Entrepreneurs are founders or business owners who are cautious and skeptical of change and innovation. This sounds counterintuitive to entrepreneurship because startups and new businesses are characterised by creativity and change. However, once a business identifies its sources of revenue, change is not easy. Any change comes at a cost and Fabian Entrepreneurs are afraid that these changes might cost them revenue or loss of market share.
There are more advisors for entrepreneurs than founders! This probably tells you something about the business of entrepreneurship and advice-giving. However, if a new entrepreneur was to come to me for advice, I’d ask them to make sure they’ve thought well before taking the plunge. Entrepreneurship is hard work and will demand more mental energy.
