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Minimum Viable Product in Agile : As the name indicates, an MVP is about minimal development, least investment to test a product’s capability and customer interest. The lean product development movement is heavily inspired by the agile principles that help us continually develop products and test with feedback. The idea is to ensure that we develop, take feedback and improve.
A minimum lovable product sounds great and exemplifies the qualities of product purpose, I still wonder if it makes sense for an innovative startup? A minimum lovable product establishes some great principles such as design first, user thinking frameworks. However, what happens when you don’t know what the final product looks like? And does it work in places where you’re trying to create something completely new and unheard of?
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. … Read more
Entrepreneurs are motivated by: Entrepreneurship is challenging, and for most entrepreneurs, success is driven by a unique set of motivations. These motivations can come from a variety of sources – personal experiences, desire to solve a problem, need for independence, and passion for innovation. In this article, we will explore some of the common motivations … Read more
While starting a business as an entrepreneur, you must think about the company structure. Although I’m a fan of the Ltd company setup, one of the other most commonly used types is partnerships. You can have different types of partnerships based on your shareholding, liabilities etc. But you must think of some of these features of partnership before you decide this to be the future of your business structure.
Funding is one of the biggest constraints in running a business. In fact, lack of funds is the number one reason why most businesses fail. In this article, we talk about the power of crowdfunding to run a business. As the name explains, crowdfunding is about asking money from people to develop a business. It prevents you from going to specific investors and instead create an opportunity to put your idea out in the public domain.
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.
This discussion is around Dhirubhai Ambani’s quote “Ideas are no one’s monopoly, Think Big, Think Fast and Think Ahead”. The beauty of this quote is in challenging a concept of ideas winning the world. It tackles the notions of talent vs hard work, action vs words and more of these misconceptions which stand in the way of your success. Join our discussion with your comments and thoughts below.
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. … Read more
Scalable startup entrepreneurship definition: In this article, we go through some key phrases such as – Scalable startup entrepreneurship definition, differences in growth vs scaling a business and the meaning of scaling a business. In this discussion, we assume familiarity with some common business terms and startup phrases. If you have any specific questions or comments, please let us know in the section below.