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Why consulting matters for start-ups?

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  A start-up at its core is basically an enthusiasm to achieve a dream that looks for the right path. It is wise to find an experienced accelerator that would hasten their quest in this regard. Most importantly, start-ups should realize that they still lack the knack of presentation. Reality is that most of the start-ups have the prejudice of convincing the investors easily. On most occasions, all that they get is a failure. Read Also –  Concerns of investors and start-ups The prime reason behind such occurrences is the lack of knowledge or awareness about what the potent investors actually look for. They fail to pitch the X factor that distinguishes them, or makes them valuable. This is where an experienced business consultant comes handy. With a thorough knowledge of the contemporary market, they have that proficiency in picking your X factor and conveying how the product or service can be a  global business opportunity . In fact, there are many instances witnessed where these consul

How is COVID-19 affecting the startup ecosystem in India? What measures can we take to overcome it?

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  The ongoing coronavirus outbreak is significantly affecting the startup ecosystem in India. It has been observed that most of the startups are now trying to deal with the condition by adopting work from home methods as much as possible. Besides, they are also trying to finding out different methods to conduct sales as well as client meetings. But it is still unclear about how  startup business strategy  would deal with the future circumstances if the condition worsens.  A recently conducted study by All India Manufacturer’s Organization reveals that a greater number of livelihoods will be affected than the lives due to the coronavirus outbreak. The ground reports say if the current situation continues for more than one month, the small businesses or MSMEs in India will vanish.  Small businesses and other MSMEs are considering the backbone of the Indian economy and have offered employment to 114million+ people. Besides, MSMEs are recorded to contribute around 30 percent of the country

How risky is it to consider a startup to invest in when Coronavirus is causing significant harm to the world’s economy?

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If you have a startup business and want to invest in, then hold on. This is not aa right time to enter into the market at all. The ongoing coronavirus outbreak has severely affected the world’s economy. All most all the businesses are gone down. In fact, most of the leading companies are also functioning with fewer staff. The current condition suggests that this is not the right time for the startup business to enter the market. Some of the major reason is insufficient availability of raw material, lockdown for an uncertain period, and people are now only buying essential products. The production of various products, especially electronics products, has gone down. If you are planning to import such products from other countries, then, for now, this is not possible. Read Article - Technology Transfer and Distribution | Startup - Corporate Technology Joint Venture   It will be not easy to get funds In such a condition, getting funds for most of the Indian startup will be quite d

What do startups look for in an incubator?

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Speaking about the  business incubators , they are firms that support  startup businesses  and help them to establish and grow by offering all the required resources and services. They organize various incubator programs that help in accelerating the startup development process. With time, they are getting more popular among startups. But choosing the right one can be a very challenging task because in the market you will find a lot of options. However, while choosing one, there are somethings that you need to look for in the incubators. Here are those things.  1. Mentoring Most of the startups don’t have enough experience in establishing and managing a business. This is where they need support from someone who can help them in this or provide them with the necessary advice. This is what the incubators do. Those who are well-known incubators come with a strong mentoring network. So, before choosing one, make sure that they offer mentoring services. With this, you can obtain ideas about

How Angel Investor is good to get funds for startups business?

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You all know that there are two important factors that play a great role in establishing the business. One is a good idea, and another one is capital. Well, you can come up with an effective business plan by doing little market research. But when it comes to raising capital, it will not be an easy task for you. When you do extensive research, you will find experts telling to contact VCs to get funds. But the bitter truth is  Venture Capitalists  are not always the ideal funding option for you. If you are looking for the best source for startup funding, then you can always trust angel investors. If you are thinking about it, is it better to go for  angel investment , then the answer is yes. Let’s know the reasons.  1. They can offer investment in small amounts Sometimes, you may need a small amount, such as USD 500,000, to fulfil your initial ambitions. As the angel investors source funds generally from personal finance, they can provide the startups with the money they need. The ventur

Prepare the best business plan for a startup?

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Every new business or startup business needs to have a perfect business plan. A business plan serves two major factors. One is to give a direction to your company or to attract more investors for funding. If you have a perfect business strategy, then it will be a lot easier for you to achieve success faster. No matter what your requirements are, every business plan needs to have some essential factors. So, let’s have a look at those factors. 1. An executive summary Talking about the executive summary, it offers a complete overview of your startup and business plan. This is the first part of the  startup business strategy  and can be around two pages. Here you need to explain the objects and mission in detail. The reason is all the investors want to make sure that the business in which they are investing has the capability to achieve success. 2. Opportunity The opportunity section in your business plan answers some basic questions such as what your startup is selling, what your strategy