By : praval

Image Courtesy: Matildaben

On starting a business, the right set of customers is a dire need to maximize the profitability potential of the venture. The right kind of customers must be offered the right kind of service i.e. telephone support or email support. It is a strategic decision for a business owner to decide about the kind of services he would like to offer to his customer base. These decisions involve a lot of considerations which are important from a business point of view. Few key concerns may be;

• The Service Mix – The question has to be answered by ...

By : praval

Image Courtesy: Will Lion

Hiring scenarios become very different when it comes to hiring for startups. The process of finding the right employee can sometimes become tedious for a startup owner. The challenge lies in searching out the right employee from the large number of applications that one gets. An employee, who is a master of a trade and may be jack of a few.

Here are a few pointers that startups should touch base with;

1. Avoid Job Sites - Avoid searching for resumes of candidates for your startups on job sites such as Monster, Naukri, Jobs Ahead, etc. as the ...

By : praval

It is very important to understand the true potential of your business website and there is not a better place today than the blogosphere to get reviews.

So what is a blogosphere? Just incase you're unaware of;

Blogosphere is a collective term encompassing all blogs and their interconnections. It is the perception that blogs exist together as a connected community (or as a collection of connected communities) or as a social network.

The vital considerations to get your business reviewed in the blogosphere are;

1. The basic thing that most people forget is to get a well designed website which ...

By : praval

It is common knowledge to every entrepreneur that the good times in terms of profit may not last forever and there are mistakes which cannot be avoided. Business owners should try and convert those occasional flashes of brilliance to consistent moments of brilliance. The business risks can be minimized and it would be an experience on the part of the startup to learn from the mistakes.

Few mistakes that startups tend to make;

• Lack of support – It is highly likely that a startup owner gives all his time to his work. It is well observed that he tries to live ...

By : praval

The successful transition from an employee to entrepreneur requires arousing of an entrepreneurial fortitude which is the de facto parameter for all would be entrepreneurs. There have got to be obstacles in the roadmap of an entrepreneur as this transformation is not at all an easy one and requires a lot of courage and determination to succeed.

This transition state deals with a lot of key decisions which have to be strategically thought about. Some of the important considerations are;

• The presence of guts, risk taking attitude and self belief override all the others as these not only shape the ...

By : praval

Nothing great in the world has ever been achieved without passion.

'Passion' is the hymn that is essential for every personage in a startup to chant. The nervous energy of a person can be well groomed if he/she is willing to work for a startup. As goes the saying “Experience has no substitutes”, working for a startup can provide essential inputs to a person who is willing to start his own entrepreneurial venture in the future.

Though the picture does not always have a happy ending, but it is still crazy (pun intended) to work in for a startup ...

By : praval

Practically speaking, entrepreneurs would know that if there isn’t an Angel Investor or a Venture Capitalist, however grand the Business Model is, the idea often goes for a six, if not always. It is also very true that a great idea doesn’t always fetch a great investor. But, optimism always does well to all. Pitching the right attitude and right words always works in favor of the promoter who is on a mission to convince an Angel Investor or a Venture Capitalist about his Business plan.

The ten most important parameters that decide whether a startup is worth ...

By : praval

"Barack Hussein Obama has been elected the 44th president of the United States, as the country chose him as its first black chief executive."

Okay, it doesn't make much of an impact as far as launching a startup scene blog is concerned, but for businesses across the nation, it may be otherwise.

According to Wikipedia, a startup is,

A startup company or start-up is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets. The term became popular internationally during the dot-com bubble when a great number ...