Must watch – to understand what NOT to do in your entrepreneural journey !!
Category: Motivations
The 3 Decisions That Will Change Your Financial Life
There’s nothing worse than a rich person who’s chronically angry or unhappy. There’s really no excuse for it, yet I see this phenomenon every day. It results from an extremely unbalanced life, one with too much expectation and not enough appreciation for what’s there.
Without gratitude and appreciation for what you already have, you’ll never know true fulfillment. But how do you cultivate balance in life? What’s the point of achievement if your life has no balance?
For nearly four decades, I’ve had the privilege of coaching people from every walk of life, including some of the most powerful men and women on the planet. I’ve worked with presidents of the United States as well as owners of small businesses.
Across the board, I’ve found that virtually every moment people make three key decisions that dictate the quality of their lives.
If you make these decisions unconsciously, you’ll end up like majority of people who tend to be out of shape physically, exhausted emotionally and often financially stressed. But if you make these decisions consciously, you can literally change the course of your life today.
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The child bride who is now the CEO of a $112 million company
Last updated on: February 26, 2015 19:08 IST
“Living is hard, but dying is easy.
“These were my last thoughts as I downed a bottle of poison.
“My aunt caught me in the act and rushed me to the local hospital…
“When I opened my eyes in the hospital room I was not the same person any more.
“Gone was the naive helpless girl the world had deemed too worthless to exist.
“I felt strong, recharged and empowered.
Padmashree awardee Kalpana Saroj who fought child marriage, poverty and a host of social injustice went on to become the CEO of a million dollar company and lived to tell her tale.
Google to Offer ‘Launchpad’ to Digital Startups in India
After testing its startup mentor programme in Israel, search giant Google is now turning its focus on Indian startups. The company has picked India to kick-start its startup mentorship programme Launchpad this year, signalling its growing interest in Indian startups.
On Monday, it launched the first of four such week-long programmes, during which a set of mentors from Google and other companies will coach startups looking to grow. “This is one of our large scale new programme offering,” said Sunil Rao, who heads the startup initiative for Google India. While Google has an interest in growing India’s digital economy, the startup programme could also turn into a pipeline for Google’s investment arm.
The company’s venture capital arm had recently picked up a stake in real estate portal Commonfloor and Freshdesk, a Chennai-based customer support tool. In India, Google plans to mentor close to 100 companies through Launchpad, which was started on a small scale nearly three years ago in Israel. Last year, it was conducted in 20 different cities.oogle benefits from the growing digital economy, as companies spend on Google to acquire customers. In the year ended March 2014, Google’s revenue crossed 3,000 crore, up 47% YoY, helped by increasing online advertising spend.
All the “bits and pieces” of Google’s startup programmes will be consolidated under Launchpad. “It will be like one offering to the developer from a startup perspective,” said Rao, country head, start-up ecosystem India, Google India.
“It will be like one offering to the developer from a startup perspective,” said Rao, country head, startup ecosystem, Google India. The company plans to take Launchpad to 50 cities this year but in India, most of its activities will be focused in Bengaluru. Rao, who heads the developer relations team for Google in India, has grown the Google developer community to one of the biggest with 45 chapters.Google Developer Relations was set up in India about five years ago in Hyderabad.
The team now has four people and operates out of Bengaluru, the largest among such teams for Google. It mainly focuses on creating Google developer groups, focused around Google technologies such as the Android operating system.
India is one of the largest Google developer ecosystems, with a large number of Android developers.
Increasingly, India has become core to Google’s vision of getting 7 billion people or the world’s population to use the Internet.
Many top executives of the $60 billion search company have been visiting India over the last few months, signalling its increasing interest in India’s growing Internet economy. Last September, Google launched its Android One programme to make smartphones affordable in India and other Southeast Asian countries.
10 offbeat startups that are trying to make it big in India
It’s ingenious but, er, does it make money? Perhaps all the entrepreneurs who feature in this special package would have been asked this question at some point in their startup journey.
Kalyani Khona, who has started up Wanted Umbrella, which she claims is India’s only matrimonial agency for differently-abled people, may have had observers wondering where the money will come from. Her quick answer: “I have married a social cause and business.”
It’s ingenious but, er, why on earth would people want it? That’s a query Alpana Agarwal, co-founder of Con Affetto, which makes edible bouquets — think cupcakes, cookies, truffle — may be used to by now. Ask her about who are the potential customers and she just might tell you about the good lady who placed an order in New Delhi for her grandson’s first birthday and carried it to Jaipur.
It’s ingenious, but will it fly? That’s what Mrinal Pai must be asking himself on the odd bad day. His startup is a farsighted concept that offers custom drone products and services. Pai sees a (near) future when drones will be used to transport organs between hospitals, flying over gridlocked roads; and when you could use his service to drop a quick personalised note of endearment to your beloved. Yes, but will regulations — which have yet to be framed — allow his drones to keep flying?
These are just three of the 10 offbeat startups we’ve deep-dived into; just three of the 800-odd startups added every year; and just three of the over 3,000 startups that are trying to make it big in India.
The 10 that we’ve picked are novel, but being different or a first mover is no guarantee of being the best mover — or moving at all a few years later. After all, success rates in the world of entrepreneurship are notoriously low, as low as 10% in the tech world. And funding is no guarantee of success. CB Insights, a US-based venture capital database, reckons that companies typically die around 20 months after their last round of funding and after having raised $1.3 million.
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Vote for India’s most innovative student startups.
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Anu Aunty – The Engineering Anthem
Based on the Book “How I Braved Anu Aunty & Co-Founded a Million Dollar Company”
TiE Launches ‘Billion Dollar Babies’ Project for Startups
The Indus Entrepreneurs’ Hyderabad chapter launched Dec. 18 its Billion Dollar Babies project for startups.
An initiative of TiE’s Silicon Valley chapter, the B$B project will select a few startups from India which have a potential to become a $1 billion company. The program aims to help select Indian product startups reach $1 billion in global enterprise value through this ambitious initiative that promises to leverage the reach and resources of TiE Silicon Valley, said a statement.
With its first class next month, the program will bring selected startups to Silicon Valley. It will help entrepreneurs go global, connect with mentors, potential customers and venture capitalists.
The companies will be able to participate in the TiE CIO Forum and other educational events, and receive help with legal, accounting, HR/benefits, hiring, marketing, and other company-building tasks. The project was unveiled by Venktesh Shukla, president of TiE Silicon Valley. “The program represents a unique opportunity for young Indian companies aspiring to break through into a competitive global market,” the Indian American entrepreneur said.
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High Performance Academy
Brendon Burchard, Founder of High Performance Academy talks
6 Questions for High-Performance
How Millionaires Schedule Their Day: 1-Page Productivity Tool
What Went Wrong: 101 Failed Startups Tell All
Worried about your startup? You are not alone.
That’s the subtext to a new study from CB Insights, which goes into the 20 reasons startups are likely to fail. The study has everything, from weak founding teams to failed pivots to overbearing investors.
This is not exactly the first study about startup failure, of course, but it’s a bit different from many others. First, it’s compiled from 101 startup failure post-mortems, rather than from a survey asking CEOs what went wrong. That gives it a level of detail you don’t often see. Second, it’s focused on venture-backed, fast-growth (well, they intended to be fast-growth) companies, which is a unique universe. Last, it contains many extended quotes and anecdotes from founders, who, at least in the samplings made available through CB Insights, seem to be remarkably candid.
What went wrong? In most cases, quite a few things, which is why the numbers in the study add up to more than 100. But here are the five most common problems.
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No market need: 42 percent
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Ran out of cash: 29 percent
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Not the right team: 23 percent
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Got outcompeted: 19 percent
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Pricing/cost issues: 18 percent
Read more: http://www.inc.com/kimberly-weisul/what-went-wrong-failed-startups-tell-all.html
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