Abstracting the blogosphere

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Archive for the ‘Business’ Category

Challenges of becoming first time entrepreneuer when being in India and an approach to overcome it

Posted by suntzu on December 13, 2006

This isnt abstract but full post. This time, let somebody else create abstract of it.

You are settled in India? Hmmm…not good if you are thinking to become entrepreneur. Disappointed? Don’t be, because scenario is fast changing and its just matter of time. Bytheway, did you happen to read not so recent issue of Economist couple of couple months back? No? It wasnt extraordinary except a single piece of article that said India has around 15 million successful entrepreneurs and its just that not all of them belong to IT field. So, even a guy who sets up a simple kiryana store and devises his own business model so well that he or she ends up running it sustainably most of the time. What does this mean? No, not what you thought. It means, chances are entrepreneurship is in your blood. You would know how to sustain when things go bad bcoz sustaining is more like do or die for you….and obviously nobody wants to die as there isnt’ any incentive in that 🙂

So, that brings us to point as to what matters when you want to be your own king? Wanna know for sure? Take a break and get back because that’s going to be shattering for you when you know it. Ok. You are back? Great.

Its called ‘Start now’ or ‘First step’. We Indians have so many things to worry because of social life that we live and kind of responsibilities and liabilities that we like to carry, we often see the wall bigger and thicker than it really is. In reality, size ratios of obstacles doesn’t matter – what matters is the First step. Taking first step not only sets physical or material things forward towards your goal but also sends out your thoughts process out in the universe and guess what, universe is designed to work for you provided you ask it so. God damn it, its so simple and yet difficult [frustrating notwithstanding] to make anybody understand that. So, the point is: With First step comes the attitude – a positive attitude and positive thought and with that comes manifestation of reality and passion inside and with that comes commitment and with that comes….hold on…I am digressing here. Ok. Stop. Wait. You take a breath and me too 🙂

Ok. Back. Hmmm…not bad.

Now comes the scenario part. Check sites like Startups.in or Startuphub or Venturewoods and many more. They weren’t there couple of years ago. Google for ‘VC looking for india’. What do you see? Enough huh hah? But how does it matter to people like you and me who aren’t connected or networked?. Honestly, it doesnt’. So what the heck?. Yeah, you are right. To prove that you got a case, you still have to ‘work’ and that too ‘harder’ as you would if scenario wasn’t better. But, tell me, how many eyes are now scouting for the work that you have done? isnt’ it tripled in size? isnt’ it advantage? Simple probability logic, dear friend. Not exciting? Hmmm….that isnt’ enough for you to take that ‘first step’ I poured over. May be VCs or warren buffet should line up in front of your door and ask for your favour. How touchy that would be, I ask.

You are here? Great. Go get it champ. It belongs to you. You are responsible for world’s 50% wealth accumulated with those 1%.

More later….

PS: Atleast contribute via post.


Posted in Business, Companies, country, Startup | 1 Comment »

The Enlightenment of Richard Branson @ FastCompany.com

Posted by suntzu on October 13, 2006

Author provides a quick analysis of Richard Branson’s success.

The approach followed by Sir Richard has been the same for all of his ventures. He looks on industries that treat customers terryfyingly badly and enters into that market with promise of providing entertaining experience for customers and offering them better deal along with. Many of the ideas that were implemented into his businesses have originated from Branson’s own wants and needs. One of the example given is of seatback videos [where you choose want you want to watch] that Bransons’ wanted to have but couldn’t make bankers to pay for it. But it was a wanting need that Bransons felt as if he himself was a customer, so he went ahead and ordered new Boeings with seatback videos.

The idea is to give customer’s a treatment that experience memorable with your service.

Author makes a point that is summarized above. Safely skip the original post.

Posted in Business, Companies | 1 Comment »

Ten Questions with Polly LaBarre By Guy Kawasaki

Posted by suntzu on October 12, 2006

Guy Kawasaki’s blog is running a blog post where he interviews Polly LaBarre on her new book “Mavericks at Work: Why the Most Original Minds in Business Win

Guy, with is great ability of asking questions was able to dig out some of the key aspects of the book. The books is about identifying killer traits of people running amazing companies (Polly calls them Mavericks). There is a section where Guy asks “What’s your assessment of Steve Jobs?”. The answer to the question gets dragged more towards Pixar story

One of the big lessons of the book is that generosity begets prosperity. Mavericks are fierce competitors, but they’re also remarkably generous. They don’t believe that for them to win, others have to lose.

In short, the leader who figures out a way for everybody to win is the leader who wins. The leader with a zero-sum mentality gets zero.

A great blog post. Must read if you want to know all about forward looking companies and those running them (Mavericks)

Posted in Books, Business, Companies, Startup | Leave a Comment »

The irony of large numbers @ Forbes.com

Posted by suntzu on October 9, 2006

Author points out a tendency with Big Technology companies and Venture capitalists when it comes to incubating a great idea. Authors says that unless an idea holds potential to generate 30 or 40% returns, it never gets real preference by Big Company or by VCs. Such acts lead to non-creation of a technology that could do good to many people.
Author picks up the case with two independent enterpreneuers who believed otherwise. It shows how these two guys successfully nurtured an idea or concept, what was orginally dropped by Giants due to lack to not so lucrative market or not enough returns, and ended up impacting many people and reaping the huge humanitarian payoff. Author insists such people are the true mavericks of technology because they worked for goodness not gold.

A good post. Do read for examples given.

Posted in Business, Companies, Startup | Leave a Comment »

Behind every great product. The Role Of The Product Manager

Posted by suntzu on October 7, 2006

Martin Cagan‘s article on “The Role Of The Product Manager” hits right on the spot when he explains roles, resposibility and traits of a product manager.

At the end of his discussion, he gives hits on where to find these set of species (no not in the MBA schools as they rarely focus on product management). Look out for product manager having critical personal traits (elaborated further in the article):

  • product passion
  • customer empathy
  • intelligence
  • strong work ethics
  • integrity
  • confidence
  • good communication skills

Behind every successful product, there is a person with great empathy for the customer, insight into strenghts of his teams’ capabilities and a zest to deliver superior value to the marketplace with strong effort.

A must read for people invoved in product development. A good article for recharging your battries

Posted in Business, Companies, product management, Startup | Leave a Comment »

Four Ways the Internet Is Transforming Small Business – by Brian of Smallbusiness20.com

Posted by suntzu on October 4, 2006

Author attempts to describe how internet has changed ways of doing business, ways of doing sale lead generation etc.

Author has listed four points about how internet caused business transformation

  • Internet makes market more efficient. It connects people with niche needs to people selling niche products. So, even small businesses can flourish which would not have been possible without internet. The other way to say this is – Internet disproportionately favors small business.
  • Changing Nature of business shopping. 20 years ago, the whole sales process involved you talking with humans from generating leads to materializing them. Its isnt anymore. Consumers have lots of information already available from websites, blogs, reviews etc. and materializing leads is what your sales person has to do.
  • Changing ways of knowledge creation and retrieval. Web2.0 got it right by providing an incentive for knowledge creation to users thereby creating huge and vast knowledgebase in short time.

Author has made a thoughtful post. A nice to read post

Posted in Business, Web 2.0 | Leave a Comment »