Company CIN: U80100GJ2019NPL108202
Email ID: email@example.com
Date : 02-05-2020
Time : 11:00 AM - 12:00 PM
Venue : Zoom Platform
Speaker Name : Babulal Yadav
About Speaker : Founder of Thestartupxpress Thestartupxpress aims to render 'ACTIONARATOR- Action Oriented Handholding' support particularly to the Early Stage Startups and the one who lack financial resources and relevant entrepreneur experience. Rich and varied work experience of over 45 years with top Indian corporate in senior positions in implementation of a variety of mega projects qualifies me to lead Startup ventures to success. It is always aimed to launch projects in less than 360 days ,which is the normal incubation period of any institutional incubator. Key differentiating strengths of Thestartupxpress are affordability and minimum implementation time for Startup projects. Saving time and being within budget, is the new way to financially support Startups, who are always chasing the mirage of finding an Investor or Funding Agency in the Startup Ecosystem. -# Strengths: - Knowledgeable about Indian Startup issues and dedicated to alleviate them in shortest possible time and available resources. - Comprehensive knowledge and understanding of a wide range of large Green Field Project Management, effective networking with political, administrative, business and professional institutions for project implementation requirements. - Having 40 + yrs vast and varied experience into the business world made him confident to set up Thestartupxpress. - Effective networking with political, administrative, business and professional institutions for project implementation requirements.
Creating a winning business plan
27th webinar organized by ihub on 02nd may 2020
Speaker – Babulal Yadav, CEO startup xpress
Objective – The motive of the webinar is to give suggestions to new startups and entrepreneurs. One needs to understand that he must have practical view of startup plan.
The brief discussion points are as below.
Startup dreams – your hero
To be a bill gates, mark zuckerberg, Dhirubhai ambani, karsanbhai patel and so on.
One of them happens to be your hero or role model whenever you decided to enter into startup business.
You must define which feature of their startup success inspired you most.
You also need to study about their past.
Risk Analysis –
Business means risk. Risk levels are different at different levels.
High risk – till your prototype’s testing
Proven risk – successful prototype testing till commissioning and stability
Leverage risk – after operational stability
While the above is applicable for business size, risk-management becomes highly critical for a startup as its risk-bearing capacity is minimal.
The students or early startup should gain some seriousness while they want to enter into a business.
Study the past of your ‘Role model’ to determine their lives.
Promote SWOT –
Analyze the business plan you have on the basis of SWOT analysis
Strength – Qualification, experience, industry knowledge
Weakness – industry experience, lack of resources
Opportunity – related to your strength
Threats – lack of expertise
Look forward to associations which fulfill the gaps in weakness and threats.
Create product differentiations –
Identify features which distinguish your product from competitors.
Develop USP (Unique Selling Proposition)
Create and secure brand to safeguard product identification.
Microscopic planning –
Last mile details about customer behavior or trade/business practices are must to convert potential into real sale transaction.
Without such details project may get stuck.
Phase wise implementation –
A startup is normally short of resources. So it needs to be implemented into following phases:
Minimum capacity level
Optimum capacity level
Full capacity level
Prioritize spending –
Priority should be given for spending in productive assets and with minimum risk.
Not to create non-productive assets in the initial phases.
Provide for delay and unforeseen costs –
Despite best planning, unforeseen events hit the project and causes delays.
If provisions are not made for such contingencies, project implementation is stuck.
A part of total project cost should be reserved for this purpose.
Success its own time –
About 3 years is a rough time to achieve project stabilization.
Startup should be mentally and resourcefully prepared to sustain this developing phases.
In any case, he should not give up in frustration.
Be prepared for failure –
Failure in business is a kind of risk which every businessman will take.
So, plan for failure, the worst case scenario.
Incubators will coach you for success case scenario.
Nowadays failure is considered as a step towards success.