India is a country of millennial. It is having the largest young population in the world. In the last few years, youngsters have reared new ambitions for their lives. But there are certain hindrances, the unemployment being the major one. The desires and ambitions of life can be fulfilled only when there is a source of earning. India is really struggling on this front for last many years.
Although there have been some transformation in the recent past but that is not enough. So what is the solution? Without a pinch of debut, it has to be the start ups. Why start- ups? Start-up comes with all sorts of flexibilities that are necessary for creativity and the ideation of an out-of -the- box concept. Start-ups provide you with a window that is required for your ideas to flow and take new shapes.
Moreover, one can upgrade the skills from time to time and can evaluate the needs of the people. Apart from this, it takes a very nominal capital expenditure for start-ups to flourish. One can start it by means of seed funding and crowd funding. These are some of the easiest and most convenient ways to ideate your vision. The prerequisite is an idea that is futuristic enough to know the upcoming needs and trends.
Startups are often revolutionary having ample space for creativity and innovative ideas that are the must have for an idea to nourish. Many western countries have bloomed only because of an established startup culture. Those countries have ensured every kind of resource needed to make startups grow and become a major platform as job provides.
In the past few years, there has been a paradigm shift in the Indian government’s modus operandi. It has taken a sharp curve and has become more fruitful than ever for new startups. The government has even introduced some ambitious projects to help startups grow so that they could become a major source for new jobs. Startups need to make full use of this new opportunity. The government has even provided some tax benefits to bolster the profits of startups. India had never ever witnessed such an enormous opportunity for the startups.
What you need is a solid concept that has the potential to change the way we live. It needs to make the lives of people more comfortable and less complicated. It can be anything ranging from foldable bicycle, easy to cook food, online portals and many more Convenient and hassle free product or services.
When one is done with the ideation part, the next step is to give the final touch. One can take assistance of friends, parents, colleagues (ex) who have the know-how to run a business. Their advice can be valuable. When you are done with this part, you are surrounded with the thought of capital expenditure, office space and human resource.
For a startup, seed funding is the best choice. You can easily get help from your family, friends and relatives. They are the most convenient choice for a startup. When we talk about office space, it can be started with a small space that is good enough to run your business in the initial few months, the trajectory of the business will let you know the potential of your business. If the curve is upward continuously, you definitely need to have a big office space.
Let’s talk about the human resource component. Initially, you only need to have few reliable and multitasking people who are truly an asset. Once your business reaches to a profit making scale, you can think of hiring employees. You need to keep in mind that initially you have to work for long hours. The lack of workforce has to be compensated by the few people along with you. If your concept is transformative, you can quickly see the day of light in a few months itself.
The biggest merit of startup is that you have nothing to lose. Whatever you will have, that will count into experience. You either win or learn. There is no scope for failure. Keeping this in mind, one needs to develop skills that prove good enough for the betterment of the startup. You need to be prepared to grab that magical opportunity for which you have been waiting for a long time. You need not miss a single opportunity. Believe in your hard work and that will take you the zenith of success.
You can read multiple, inspirational biographies and autobiographies of famous business personalities who have proved their brilliance to the world. They will come handy in the testing time for sure.