Author: Rifat Starting a business is challenging at the very least; it entails making critical financial decisions, planning, and doing a series of legal activities. It requires step by step guidelines involving business-oriented and creative procedures. Sure while most people can start a business, few can sustain it successfully, and that’s why each step is crucial. But … Read more
Crisis in a startup: Crisis and startup – they both sound like synonyms. With such spectacular uncertainty on a daily basis, startups can easily be a source of pressure and stress if we don’t treat them effectively. However, in the recent wake of calamity and harsh challenges in the global economy, we can only say … Read more
It all starts with the right team. If you’ve led a team before, you already know that managing and leading a team is hard work. It is difficult even in a company where HR policies are established and good reward structures are in place. However, as a startup, you possess something magical that these companies and teams don’t.
This article is about disputing, debating this thought and challenging ourselves to get away from the romanticism of the idea to focus on results and deciding whether something is worth pursuing.
I often find the roles of customer service management quite stressful and have a lot of respect for the people on the front lines. It is never easy dealing with an unhappy customer. At the same time, business longevity and strategy point us to working towards an inflated sense of customer delight.
Although the thought of money is exciting, I believe a startup is probably the least lucrative way of achieving this goal. There ought to be lots of better avenues to make money such as a job, freelancing, side hustle and even investments. These still give you better chance at making money than a startup where the risk of failure is immense.
The entrepreneurial world can get slightly cruel at times. I can recall a fair few situations where things have seemed bleak and success has been hard to come by. Even in cases where I thought that the chances of failure are less, I have been proved wrong.
I guess such is life – we only have outcomes, our efforts and in hindsight a story of why things did not work the way we wanted.
If we are looking at a life with zero chance of failure, the utopia is probably much further from the truth than we are prepared to accept. And nothing ever comes from denial! – We can deny all we want, for all our life, but the results are the results – nothing beats the truth!
Although it has huge benefits, the mindset does pose some challenges as well. Our lives are about finding a balance that works best for us. In this article, we talk about the advantages and disadvantages of the entrepreneurial mindset.
Although it sounds very sexy, the answer to the question – of why work for a startup need not be simple. You’ll be investing the most important resource – your time and emotions at the prime of your career. It sounds amazing and cool to work for a startup, but it has its challenges too.
Business plan for startup: No matter what stage your business is in, the business plan is one of the most important assets. Looking back at my startup fundraising days – I can recall the number of times investors asked us multiple questions on it. Considering that it is the best asset you have as an entrepreneur, … Read more