START UPS IN Entrepreneurship

 WRITE ✍️ YOUR PRINCIPLES IN PEN AND YOUR BUSINESSES MODEL IN PENCIL!!✏

Being a life science student it's quite difficult😕 for me to understand the concepts of Entrepreneurship and start-ups.
And I feel that's may be the reason that even after having many great ideas💡I fail every time in their execution.

But as it's a saying na...

"When you take risks, you learn that there will be times when you succeed, and there will be times when you fail, and both are equally important"

You just have to learn from your failures.

I face many problems like how to design a proposal, how to make a prototype, what you exactly have to show in your business model, what are the opportunities in startups?

Henceforth I started doing R&D from scratch and here's are my few learnings which may be helpful for you as well.

OPPORTUNITIES IN STARTUPS -

📌LARGEST MARKET :

Population

📌INCREASING DIGITAL ADOPTION :

The rapid growth in internet penetration and smartphone usage has created opportunities for tech start - ups, e - commerce, digital services and more

📌GOVERNMENT INITIATIVES :

The Indian government has launched various initiatives to promote entrepreneurship such as "Startup India", which offers benefits like tax incentives and easier regulatory compliance.

📌SKILLED WORKFORCE :

India has a large pool of young,educated and skill professionals making it easier to find talent for your start-up.

📌ACCESS TO FUNDING :

There is a growing ecosystem of venture capital and Angel investors in India providing funding for innovative ideas and start-ups.



HOW MANY START - UPS FAIL?

-> 9 out of 10 startups don't make it.
-> 20% of startups fall apart after a year.
-> 30% of startups close within two years.
->50% of startups shut their doors within five years.
-> 70% of startups dissolve within 10 years.
-> Only 40% of startups are able to become profitable.
-> The highest number 42% of startups fall because they misread the current market demands.
-> 29% of startups go under because they simply lose funding.
-> 23% of closure are poor team organization.

However when asked about their Long - Term Goals,
.
.
.
50% of company leaders said that the most realistic scenarios are acquisitions.

Apart from this 15% of companies didn't have a long term goal.

This majorly happens because the initial steps were not taken properly.
Many companies lack a good "BUSINESS MODEL CANVAS"



To tackle out from this I will help you in design a great Business model.

Your proposal must carry all these :-

📍Customer Segment

📍Value Proposition

📍Channels

📍Customer Relationship

📍Revenue Streams

📍Cost Structure

📍Key Resources

📍Key Activities

📍Key Partners

Above this all, always remember that -
"The Day You Plant The Seed Is Not The Day You Eat The Fruit"

So take your time, do a lot of R&D , plan well and then work on execution.
Just move step by step.