LUIGIDOLLOSA

10754903

HOTMAIL

1.] “… great idea > management experience…”

The one factor that made me engrossed with this article is that it over-emphasized the power of creative and innovative ideas. At one point in the interview, Bhatia clearly recounts their story of starting as two youngsters with a brilliant idea unequipped with management experiences. This is what is fascinating about start-ups, they initially portray themselves as ‘no-bodys’; they are just plain simple folks, but with a revolutionary concept. I realized that in start-ups, one can persevere and sustain only if they possess the one vital component: the innovation they offer. With this, all else follows. They were funded. They negotiated. They had been successful because of that one, only one, but one splendid idea.

2.] Own the customer

He continuously repeats this learning throughout the latter part of the interview. Forming a customer support group is crucial for any start-up for the reason that a huge base will contribute a lot to the marketing headway of your service and creating for them a comfort zone in using what you are providing for them. What is important are the numbers, primarily. The money part of the business will soon follow as the demand for your product augments in time.

3.] Handy business plans and proposals

I believe in his advice at the end. To sort of collect all the information about the general plan, objectives, procedures, outcomes, tactics and targets, one must be used to formulating, at least, a draft of a business plan. This is somehow connected to the Law of Attraction - Unless it is written, it is just a dream. Besides, a business plan is something inevitable for corporate negotiations. Creating this paperwork can be a two-fold benefit in a way.