Wanting to start up: Take that leap of faith…

To be an entrepreneur, one has to have the conviction and belief in the idea that one is pursuing. Unless you have that conviction, you are unlikely to take the first step required to convert that idea from a ‘thought in your head’ to a ‘venture in the real world’. Once you have a thought … Continue reading Wanting to start up: Take that leap of faith…

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If no business plan works out as planned, why do investors insist on a business plan of a startup?

A business plan is nothing but a plan for your business. It is an articulation of your vision on how the future will play out. A business plan also articulates how the startup proposes to go from point A to point B, and by when. It also outlines the milestones and other dynamics (costs, resources, … Continue reading If no business plan works out as planned, why do investors insist on a business plan of a startup?

The Importance of Business Metrics for Startups…

In the context of startups, metrics are parameters used for quantitative assessment of performance and progress of a venture. If goals are about where to go and strategy is about how to go there, metrics are about tracking progress of your journey. Startup phase is about discovering what works and what does not. Scale up … Continue reading The Importance of Business Metrics for Startups…

A good idea or a good plan? What do startup investors invest in?

Investors will be interested because you have a plan to address an opportunity well, and not just because you have identified an opportunity that is interesting. The success of an entrepreneurial venture depends entirely on the quality of execution. While ideas are important, just having a good idea is not good enough to start a … Continue reading A good idea or a good plan? What do startup investors invest in?

For your startup, should there be a ‘Plan B’ for a B-Plan?

Plan B is already built into a good B Plan.  When you are thinking about your venture, you are going to think about multiple scenarios, including very pessimistic ones and what you would do to mitigate the risks and the challenges in the journey. This should include what matrices you would use to track progress, … Continue reading For your startup, should there be a ‘Plan B’ for a B-Plan?