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CORPORATES HELP STARTUPS PITCH THEIR AGGRESSIVE PLANS HARD-DRIVEN’ATTITUDE ‘FAILURE IS NOT AN OPTION’ MIND SET “SMALL SEED CAN BE BIG TREE”

 
 
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CORPORATES HELP STARTUPS PITCH THEIR AGGRESSIVE PLANS HARD-DRIVEN’ATTITUDE ‘FAILURE IS NOT AN OPTION’ MIND SET “SMALL SEED CAN BE BIG TREE”
by System Administrator - Sunday, 20 May 2018, 8:56 AM
 

By: M.S.Yatnatti: Editor and Video Journalist Bengaluru: According to press reports Establishments ranging from banks and retail enterprises to real estate and technology firms are setting up focused accelerator programmes to benefit from the agility startups often bring in to older businesses."Accelerators are enablers for startups not just in terms of the business educational aspect but also to introduce them to the right network for mentorship, funding and future growth. "It is important for a startup to evaluate what kind of products these programmes are looking for and if the energy level and calibre of peers joining the programme need to match yours,”. ICICI Bank, says the bank follows three principles to rope in a startup. "What it brings to the table, the probability of its success, and whether it is solving a genuine problem,”.In conversation with CEOs and business leaders, one cannot help but be impressed with the strong drive for getting things done. Entrepreneurs have reportedly grown up admiring the corporate labels of 'aggression', 'hard-driven', 'fire in the belly' and 'failure is not an option'. These labels dovetail into a strong leadership competency called results orientation. Logically, it makes so much sense After all, the function of business is business!. The even better news is that contemporary talentengagement models, which have cracked this code, are now available. However, this will demand of business and HR leaders to take a hard and close look at their current understanding and practice of building employee engagement, and be open to changing track completely, if needed. According to press reports exercising twice a week may improve thinking ability and memory in people with Mild Cognitive Impairment (MCI), suggests a recent study. Researchers explained that people with MCI have milder symptoms like they struggle to complete complex tasks or have difficulty in understanding information they have read, whereas people with dementia have trouble with daily tasks, such as dressing, bathing and eating. MCI is a medical condition that is common with ageing. While it is linked to problems with thinking ability and memory, it is not the same as dementia. However, there is strong evidence that MCI can lead to dementia. Early action may keep memory problems from getting worse. "If you or others have noticed that you are forgetful and having trouble with complex tasks, you should see your doctor to be evaluated and not assume that it is just part of normal ageing,” Be your own boss .Create a startup and be your own boss .Let it be small or big be your own boss .A small seed can become big tree .You have to have passion commitment and good idea good networking skills .A start up need to have a well documented business plan investment strategy and including exit options to angel investors in the start itself aslater problem should noy crop up with founders. You should have good product and it should be in need and it should have better feature than other products. what is not working discontinue it .Scale it as demand grows .Do not ignore Marketing .Growth capital is very important but do not over raise the finance and hire good talent as an when it is required .Do not over pay as it will be very difficult to manage the start up.Time is everything .Be different find right investors and venture capitalists and not vulture capitalists. Raise money intelligently find the right people be sure and flexible .Do not ignore open source technology. Well documented code of conduct is very important for every employee.and directors of the startup.Well defined Information technology is one of the biggest mass employers. Be different startup .Find unsolved problems of customers and solve it, everybody has problems. Many have many problems .Few problems are universal. Few problems are local few are national and few are international .Find unsolved problems. Companies succeed because they solve and understand the unsolved problem and come up with solutions that are very different from what others do. Put yourself in the customer's position; perhaps you would have experienced a pain point yourself. You may not fully understand the difficulty unless you experience it yourself .Develop deep customer insights. Secret of your success is in Passion, determination, vision, agility, team play, fund-raising skills.What exactly defines the DNA of a booming startup? What do some of the biggest names in the investment community look for in startups and entrepreneurs Clarity of vision Domain expertise? What key factors do successful entrepreneurs attribute to their triumph? Need to be understood diligently. IT major Infosys has reportedly increased the salary of its top executives but the base scale for entry-level software engineers has not changed for more than five years. for entry-level software engineers with BE and Rs 12-15,000 for entry-level BSc freshers, according to sources. According to experts, starting salaries offered by other IT companies are in the same range. Information technology is one of the most important mass employer in the country today providing significant valueaddition and employment creation.Don't buy things you simply can't afford .If you live above your means, you won't get rich. Even if you start earning more or get a hefty raise, don't use that as a justification to give yourself a lifestyle raise. Work smart and get success, According to financial adviser Ric Edelman, in order to ensure future wealth, you must equally work hard and smart. One way, he suggests, to do that is to invest your money in the stock market or a retirement fund. "You can do this without taking a huge amount of risk, without a lot of effort, and without spending a lot of time,.Put emphasis on earning, Another way to work smart? Increase your earnings, not just your savings."The masses are so focused on clipping coupons and living frugally, they miss major opportunities," reportedly said Siebold .There's no need to abandon practical saving strategies. However, if you want to start thinking like the rich, stop worrying about running out of money and focus on how to make more. A common thread among millionaires is that they develop multiple streams of income and adopt smart savings habits.don't be content with a steady paycheck ,Average people choose to get paid based on time -on a steady salary or hourly rate -while rich people choose to get paid based on results and are self-employed."It's not that there aren't world-class performers who punch a time clock for a paycheck. But for most, this is the slowest path to prosperity, promoted as the safest," said Siebold. "The great ones know self employment is the fastest road to wealth."While the world-class continue starting businesses and building fortunes, "The masses almost guarantee themselves a life of financial mediocrity by staying in a job with a modest salary and yearly pay raises," he added.Note that "everyone has the same opportunity to acquire wealth," says self-made millionaire Steve Siebold.But not everyone seizes the opportunity. Be out of comfort zone if you want to build wealth, be successful, or get ahead in life, you're going to have to get used to uncertainty or discomfort. Overcoming fear and taking calculated risks are the key elements to achieving success."World class thinkers learn early on that becoming a millionaire isn't easy and the need for comfort can be devastating. They learn to be comfortable while operating in a state of ongoing uncertainty," said Siebold. Pursue your own dream.If you want to be successful, you have to love what you do -that means pursuing your passion.Too many people make the mistake of chasing someone else's dream -such as their parents' -explains Thomas C Corley, who spent five years researching self-made millionaires."When you pursue someone else's dreams or goals, you may eventually become unhappy with your chosen profession," he said. "Your performance and compensation will reflect it." One of the most effective ways to earn more money over time is to invest it, and the earlier you start, the better.You don't have to be an expert about personal finance or use fancy economic jargon to start investing. You don't have to from an affluent family, and you don't even have to earn a massive paycheck. Start by investing in your retirement savings or a low-cost target date fund and you'll see huge returns in the long run.