StartUp Mistakes To Avoid In Order Grow

Startups are not easy to set up but the tough things involved in getting a seed fund or steering a start-up to success makes you conclude that founding one is the easiest part of the story. Now right after the startup is established, the ideas begin to flow in hordes and you are confused about the next best step to take. In this span of time, more often than not, most startups make mistakes that prove to be too costly for them in the end. Take a look at the top mistakes a startup has to avoid to stay afloat in the long run. Once these mistakes are  made, there is nothing but regret on charts. However, thinking with a level headed mindset and going by the rules will make you play better. as a startup, you might be prone to make silly errors but then the bigger mistakes are best avoided when you have the scope to dig right. Planning is the key here.  No amount of extreme enthusiasm can save your skin once you take a wrong decision. The key lies in etching a balance.

Overestimating The Capacity

Now that you have even landed your first client and a big one at that you must be in a celebratory mood. However, you must make sure that you do not get disorientated having simply got a huge order. The startups that get overly excited and fail to see the reality are those that fail the earliest. Take things slow and avoid blowing up investments or funds in a bid to appear exclusive to the first big client. Take things at a pace you can afford and that is within the perimeter you have lined out for your business. Alexa Von Tobel says, “As an entrepreneur, you have to be OK with failure. If you’re not failing, you’re likely not pushing yourself hard enough.”

Lack Of Social Media Presence

This is a common mistake that startups make. They are barely present on the right channels and even if they have those Twitter or LinkedIn accounts, they expect a rush of followers or activity at once. The trick is to think of this as a slow cooker since the time invested in promoting your startup online today will lead to results in the long run. You cannot expect a quickly cooked steak can you?

Trying To Heap Too Much On To One Individual

As a founder, the startup begins with one person—YOU. However, you cannot take everything on yourself. You have to add variety and work in a unified force when doing business. Try to maximize the profits but make sure not everything goes into the profit fund. Your initial years will be spent rolling the profits as investments—into the staff, equipment or even activities for the startup.

Once you get the flow of a startup, it is easier to avoid these easy-to-make mistakes. Make sure you take every step with ease– sans the rush to make it big in a jiffy!

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The Curious Case Of Jobs Versus Startup

Job or startup? This might be a very common question arising in your mind when you complete your graduation and want to start your career. Thinking from every aspect, 4 out of 5 times you will come with a solution to choose a corporate job over startup, but there are some factors which give you a reason to think over your decision again and then make the right choice. Though corporate jobs give you a safe and secure career option most of the time, but there is a whole lot of thing which could be gained by joining a startup besides safety and security. For safety and security can be achieved only through your work.
Here are some reasons which will help you to make the right choice when you get stuck between a job and a startup:

Exposure

Startup job comes with a great offer that it provides more exposure to you and your work than a corporate job. You’ll have more opportunities in your hand when you work for a startup company. This is because when less number of people is involved in some work then more opportunities are given to every individual working for it. Opportunities help you grow faster, no matter you succeed in it or not. Your success gives you encouragement to work more and your failure gives you the experience to work better.

Responsibilities

When opportunities strike your door, you become more alert to work better for it. And when you are working for a big company, you’ll face various people equally talented as you are and to prove yourself among a bunch of brainy people is a really tough job to do. Your responsibilities increase to prove yourself and you work at a double frequency. While working for a startup, though you need to strive hard to survive in the market but you are bound to a bunch of responsibilities and nothing more than that. And responsibilities make you deal with tough situations easily. So working with loads of responsibilities could sometimes be beneficial for yourself.

You’ll be the reason for the changes

Every action has a reaction and this applies to your work as well. Your work will affect your company for sure, be it good or bad. Your company will rise when you achieve something even if it’s your smallest achievement. You’ll be happy to contribute to the success of your company. On the other hand, if you make any mistake your company will have to suffer along with you. Because of this, you work more carefully and more accurately.

Working on Scales

One more advantage of  working for a corporate job is to get to work on a large scale at the very beginning of your career. Be the company small or big but the difference of working scales between a corporate job and a startup job is always visible. Working at a corporate job teaches you about how to work on large scale and with that you get to work under some expert’s guidance which turns beneficial for you. While working for a startup company, you have to start everything from scratch and you need to establish everything by yourself without any guidance and without any support. Since it’s good to work everything by yourself but what’s bad when you get an expert guidance and support? Then chances of getting failed in your work reduce by half so why not go for this option?

 www.abaxsoft.com

+ 91 731 4061787, 97139 18111

REASONS WHY INDIA NEEDS WOMEN ENTREPRENEURS

With the concept of Make in India grabbing enough attention, we strongly believe that entrepreneurship could be the bright future of India. However, in order to give our semi-backward society a tiny reality check we have brought to you several bang on reasons as to why do we Indians strongly need more of women entrepreneurs.

Setting examples

With so many stereotypes lurking around our Indian society we seriously need strong and independent women to set some classic examples of individuality and break free those stereotypes. We need more and more women to come out of their houses and chase their dreams until it becomes a reality.

Restoring the faith in Neutrality

Probably having more of female entrepreneurs will restore the faith in the fact that entrepreneurship is for everyone. Being a women entrepreneur, she can definitely understand the day-to-day problems that females go through in their daily lives.

Balancing the gender bias

Often this stereotype is hugely cradled wherein it is believed that only some of the streams or sectors are meant for women. With a number of female entrepreneurs taking things in their hands, we can successfully overcome this gender-based bias in workspace or industries.

More likely to succeed

Research that was done on the global front reveals that startups that are run by females often end up being more successful. It is believed that women are better in handling finance related risk and generate ideas that are more creative.

Read more

The Importance of Entrepreneurs Building Their Personal Brand

Start-ups are all around us. From leading cities to smaller towns, there is a sudden rush of entrepreneurial spirit that is encouraging young guns to go ahead and start up their own ventures. Yes, founders have superb ideas up their sleeves, can be risk takers and also can be enthusiastic spirits. However, one thing they need to brush up is their personal branding. As Navid Moazzez says, “Building a profitable personal brand online is not a sprint and something that happens overnight. Don’t aim for perfection early on. Instead, allow your brand to evolve naturally over time and focus on providing massive value and over deliver to your target audience. Then you will get clearer over your message and brand as well. Always remember that!”

Personal Branding Is Mandatory –

In today’s fast-paced life, it is indeed easy to build a brand using social media. Therefore, the importance of social media platforms lies in the fact that as a founder of a startup, you can simply use these to channelize your ideas.

The Right Message –

Personal branding is, even more, necessary for creating the right image in front of the investment panel. As a start up, you need funds—in ample and at the right time. Your brand is a gateway to your true work. You know you are here to do something – to create something or help others in some way. The question is how can you set up your life and work so that you can do it? The answer lies in your brand. When you create a compelling brand you attract people who want the promise of your brand – which you deliver.

Startup Hacks: Prepare Your Startup as a Brand

Starting something on your own and of your own is the mantra of a modern world. While each one of us is blessed with a talent and capability only a handful of people, manage to take it ahead. Startups are surely growing in number which implies that more and number of people are concerned about accomplishing and beginning something of their own.

         For preparing your startup as a brand requires ten times the effort that any corporate would require which is why to simplify your work a little more, we have come up with tips that would help you project your start up as a brand.

·         STRONG SOCIAL MEDIA PRESENCE

·         CREATE AN IDENTITY

·         BELIEVE IN THE BRAND

·         WORK ON CUSTOMER RELATION MANAGEMENT

·         TRAINED STAFF

·         KEEP IT PROFESSIONAL

Certainly, the most expensive space is the space in the minds of the consumers, and once your startup settles in there for a favorable reason, we believe that there won’t be any looking back.

How to Prepare a Perfect Project Proposal

We are in a point of time where proposals of projects mean to world to us. An influential proposal can lead to the bagging of the project while a weak proposal can take you completely out of the league. Writing a project proposal is a careful job because the proposal could get you to the project. So, how to write a proposal that is influential as well?

• UNDERSTAND THE REQUIREMENT
• UNDERSTANDING THE CLIENTS
• METHODOLOGY
• EVALUATE IT WELL
• CONSIDER COMPETITORS
• OUTLINE THE PROPOSAL

Now that you are done with all the six stages, you can begin writing your project proposal. Do not forget to proofread and recheck your project twice because no matter how much brilliant is your proposal, grammatical or punctuations errors are enough to let you down.

Why getting an investor might not be the smartest idea for your venture

In the present day, plenty of people have brilliant ideas regarding startup, and hence desire to begin their own startups. But the mere desire is not enough. Proper planning is a primary requirement for beginners.So let us take a look at why funding can sometimes be a pain in your company’s life and why self-funding (bootstrapping) is the best.
You are self-efficient :- 
The very first notable advantage of self-funding is the progress of the startup that occurs due to the owner’s ambitions and attempts to earn faster. 
Saves time :-
A lot of time is saved as one does not have to spend hours in meeting and requesting investors, or in carrying out the formalities and procedures necessary for availing funds. 
One does not have to answer to anyone :-
The best part, perhaps, is the fact that the owner does not have to provide any clarifications to anyone regarding the start-up policies which he adopts.
Your goals do not change :-
A normal entrepreneur may have simple goals regarding his startup, and be content with a certain level of profit that is enough to meet his requirements.
Play by your own rules :-
Whenever one begins a self-funded startup, he works with the motive to grow more and also learns to value money. 
Bottom line :-
Thus, it is evident that one should avoid involving investors in the beginner’s level. Anyway, one may not always feel prepared to take up the entire starting of the startup all by himself.