Startup Entrepreneurship - Romesh Sharmaromesh.net/Admin/pdffile/909970Essentials_of... · 2016. 5. 3. · SIMPLIFLYERS Support • Creating wing to wing Ecosystem fostering innovation,

SIMPLIFLYERS Solutions

simplifying sustainable success

Startup Entrepreneurship

Why?

• Startup is a culture and not the state of business

• Entrepreneurship requires a mindset and not skills

• Startups are here to stay, fail and succeed

• Startups shall remain the largest employers for fresh talent

• Innovation is key to succeed in ANY career

“Timing, perseverance, and ten years of trying will eventuallymake you look like an overnight success.”

- Biz Stone, co-founder of Twitter.

Only 7% of MBAs are employable: ASSOCHAM

India's job growth lowest since 2009: Where are the jobs PM Modi?

A million Indians reach employable age each month: More jobs, better jobs' data needed

India to see severe shortage of jobs in the next 35 years

Start-ups Are The Biggest Source Of Job-Creation In Any Country: Rajan

India staring at job crisis, warns human development report

India to see severe shortage of jobs in next 35 years: UNDP

Economy could absorb less than half the new entrants into the labour market

Entrepreneurship is a conscious choice to be made by adults and notan impulsive response.

Unemployment & Under-employment

Index• Entrepreneurship – myths & realities

• Startup Ecosystem – (miss)understandings

• Stakeholders’ Perspectives

• Integration & Convergence of Interests

• Mapping Startup Journey

• SIMPLIFLYERS Expertise

• SIMPLIFLYERS Support

• Challenges & Opportunities

• Off the Cuff Relevant Segments

“It's hard to beat a person who never gives up.”- Babe Ruth, Major League Baseball Hall of Famer.

Entrepreneurship – myths & realities

Myths

• Exciting

• Make a change

• High Risk & High Reward

• Adrenaline Pumping

• Unlimited Growth

Realities

• Scary & Lonely

• Not the Most Optimum Way

• Immediate Risks & Potential Rewards

• Depressing & Nor for Faint Hearted

• Sustainability & Scalability

You should do ONLY if you just cannot NOT do it.

Startup Ecosystem – (miss)understandings

Entrepreneur

Regulator

Support

Technology

FinanceCulture

Human

Market

Competition Disruption

Commit to achieve & deliver more – faster & cheaper than others.

Stakeholders’ Perspectives

• Multiple Choices

• Often Conflicting Priorities

• Suspicious & More Suspicious

• Assessment of Current Stage & Path Forward

• Multiplicity & Scalability

It’s not about ideas. It’s about making ideas happen.- Scott Belsky – co-founder of Behance

Integration & Convergence of Interests

• I Lose & We Win

• No Exit Strategy, No Plan B

• Quantifiable Benefits

• Prototype Pivot Product / Service

• Valuation Sales

"You miss 100 percent of the shots you don't take." Wayne Gretzky, NHL Hall of Famer.

Mapping Startup Journey

Entrepreneurship is all about discipline, dedication & determination.

Mapping Startup Journey

Existence Survival Success

Resource Maturity Take Off

Crisis of Leadership

Growth through Creativity

Crisis of Autocracy

Growth through Direction

Crisis of Control

Growth through Delegation

Crisis of Red Tape

Growth through Coordination Crisis of Disruption

Growth through Collaboration

“If you’re not embarrassed by the first version of your product, you’ve launched too late.” – Reid Hoffman, co-founder of LinkedIn.

SIMPLIFLYERS Expertise• Aspiration (Motivation, See what is happening around?)

• Aim (all are equal, except - aim)

• Action (to pull out from ~ go?, no go?)

• Analysis (Reality check, what would happen in real life)

• Augmentation (of - knowledge, experience, likemindedpeople as cofounders, Seed Funds, Series funding)

• Application (of idea into unrelated areas- Disruption)

• Answers (Whatever little we know, if that can help?)

Always be yourself ... do not go out and look for a successful personality and duplicate it. Bruce Lee

SIMPLIFLYERS Support• Creating wing to wing Ecosystem fostering innovation,

entrepreneurship and sustainable growth

• Developing appropriate Corpus in association with University & OtherStakeholders

• Identify right technologies, processes & talent

• Outsourcing ~ something you must not do

• Regulatory and legal compliance

• Developing Context for conceiving startup ventures throughunderstanding of problems in vicinity and thinking out of box solutions

• Grooming to next level by removing road blocks and ideas’refinement

• Evaluating with respect to alternatives

Our expertise lies in connecting you with the best expert, quickly &effectively.

Challenges & Opportunities

• Too Many Me Too, Three Few Disruptors

• Fear of Missing Out

• Over Crowded Job Scene

• Unmet Aspirations

• Almost Unlimited Potential

"Success is how high you bounce after you hit bottom."– General George Patton.

Off the Cuff Relevant Segments

• Observe following problems and possible solutions in any ofthe following areas (Less than 50 Words Each) timeframe,nos. of consumers investment required and annual profit

1. Water Management

2. Agriculture Productivity

3. Historical Tourism

4. Educational Empowerment

5. Basic Healthcare Management