Start Up-Project Plan Pointers

Most of the corporate employee wish to start up something of their own most of the time but very few take the plunge, But having worked with big companies specially sometimes most are out of ground realities and don't know how to start even after having very good exposure to particular domain. Some points given below can be of some help:
Validation: Have you validated your business with customers?Probably this should be done on small scale in the being if possible working part time (Min period should be at least 6 Months to give better idea, more the duration better it's but depends on person and industry also. Follow systematic validation method (more on this in next post)
Positioning: This is probably most important thing the do, more perfectly you do at earlier stage better it's. (though you should keep fine tuning your product/service position regularly on basis of customer feed back..:) Customer can be your Business Analyst. You should clearly have value proposition along with other imp. things like competitive advantage etc
Monetization: Free is NOT a business model. How do you monetize? There are various model you can start with like trail period mostly followed in SAAS models than charging the customer if he is happy with your services
Financing: Over 90% of the entrepreneurs who go out to raise money get rejected. Are you planning to raise money? Do you understand what it takes to raise money, what investors are looking for? Is your company fundable? Do you know how to assess what is fundable and what is not? Are you getting rejected by investors? What are your different types of financing options and what are the mechanics of those?
Financing should be very well thought decision as it can make or break your start up. Be clear on the term and have back of plan also otherwise you will be in fix...(I some how fail on this part as everything should be in written)
Customer Acquisition: Most imp. part is customer acquisition, basically sales is what going bring the money but always have balance on the acquisition cost they can be pretty high as the conversation ratio should be very also follow lean acquisition methods like social media, WOM, etc be innovative in your approach
Team: Be clear on who will be the team and specially the partners (as this is long term game) you fail for have this foundation proper it will create big time issues financially, mentally etc. So clearly have good team and passionate partners who are loyal and believe you instead of people who just do marketing. Start up is hands on approach so all partner should be equally hands on approach guys along with loyal bonding.
GoNoGo Strategy: Even after putting good amt of afford you don't see visibilty you should have your GoNoGo strategy in place, If things don't work after all efforts let it go, don't be emotionally attached to your start up remember one thing you perfect yourself only when you fail sometimes.
If you still persist than it can have long financial, mental, social effect. So always know when to let it go. (In terms of Stock Market have your stop loss in place..:)

Hope this will give some idea to people who plan to have start up.

Most Retail Investor Trading Strategy!!

When I make money by chance, I call it strategy. When I lose money by chance, I call it bad luck.

Unlearning thing from School/College Life

Last few months or I can say year have being quite challenging on professionally and personal front but it was surely one of life phase which was most rewarding in term of unlearning things which i learnt years back in School, College & Master  (I am indeed grateful to people who touched my life during that phase.) but some of the events which occurred  as definitely made me quickly realise that today’s market place require different skill sets- Which is you should be lifelong student of life & not part of student life.

Few things to not remember from you College:

Exams are events occur on particular dates but in real life every day is exam, they might be not % correct answer but the choice which you will make day in day out unfold your future for sure. As the saying goes you make choice but choice will make you..:). 

In life you are measured by VALUE (can be in knowledge, Money, etc) you bring to table and not the % marks you get at least the latter part of your career.

This can be major factor, Experimenting: School experiments are always fun. If you don’t get them right, you can always repeat them. You can do experiments in your life too. However, the COST of failing in an experiment is quite high compared to the cost of failing an experiment in school. Be very careful in taking risks.

In college you pursue several subjects because they are part of the curriculum The way curriculum is designed at school, you really don’t have a choice on the subjects you choose to pursue. In the marketplace you not only have a choice it is your DUTY to pursue studying those subjects that are relevant to the current and future times. You have to be mastering topics that are required NOW and at the same time, you have to lay the foundation to master topics that will become relevant in the future.

You get rewarded for finding that ONE appropriate answer In the marketplace there is rarely ONE answer for anything that matters. You have to learn to choose the best among available options. And, you need to do that quickly. So you should be every ready to learn quickly & don’t repeat the mistake and come out with best possible solution.

It’s will be challenge but the earlier we do it’s always better, I my case some status quo change did help to bring in the thought process to some extent but still in process of follow some..:(  but always remember the earlier we know the realities it always better.

So go ahead and do the unlearning.!!