Imagine you are carrying out the following activities, How does it differ from a startup ?
1. Opening a MacDonamld's franchise in Ejipura area in Bangalore.
2. Opening a medical store in near NGV on Bangalore ..
5. Setting up a small CAD/CAM design and machining centre in Koramangala
ALL processes have infinite potential for improvement |
Clock here for a Forbes article on What is a startup ?
What qualifies an initiative to be termed as a start-up ?
First of all we have to understand that it is not looking at a great, new, invention as the output. It can be as simple as a pencil that lasts longer(because of a reinforced pencil lead that does not break..) or a new fuel injector that causes the right mixing of fuel and air in the fuel injection resulting in reduced use of fuel and hence great mileage for the vehicle.
Click here for an Investopaedia article on what is a startup ..
Click here for an Investopaedia article on what is a startup ..
Customers only look for VALUE .. |
The other great difference between an ordinary business and a start-up is the scope of scaling up and growth. Start-ups can be scaled up fast with minimum of inputs and resources while an ordinary business cannot scale up so fast because of limitations of demand, capacity etc..
Try new ideas, fail fast, learn and move .. |
Start-up is all about IDEAS nobody has ever thought of !!
Start-up is about generating more value for the customer ..
Start-up is about fast pace of growth.
Start-up is also about EXECUTION - hardwork and perseverence ..
Google mantra - give more value to your customer .. |
1. how solid and wet wastes can be effectively reduced, treated and disposed
2. traffic management - reducing accidents and commuting time
3. effective methods for conservation of water
4. low cost, high capacity industrial desalination plants
5. reducing the carbon footprint of industrial, residential, transportation and domestic activities
6. reducing e-wastes generation and safe disposal
7. generation of energy from renewable non-polluting sources like solar, wind, tidal etc..
8. energy conservation through innovative design and usage of products
we only wish humanity would come up with novel and innovative ideas to handle man's greatest and pressing problem in the coming centuries, ensuring environmental sustainability ..
george..
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