One of the biggest problems in India is that we think that we know everything :). As a result, we don't want to listen to others. The 2nd problem is that under any circumstances we don't want to listen to NO. The 3rd problem is each and every person has an opinion on each and every topic even if it is totally unrelated (don't know ABC). Because of these 3 reasons, online business is not so successful in India. These observations are based on my interaction with clients :). Many of my clients keep asking me for online business ideas. Some of them come up with their own online business ideas ... Read More
4 Business That Can Take Advantage of Fear Factor And Distress
Recently, i was reading one of the research papers on Indian Business. Quite interestingly, the author highlighted that Indians are not willing to pay so easily. Be it a paid advice, convenience or online shopping. As i keep highlighting that one of the reasons for e-commerce boom is deals and discounts. The mobile wallet providers are surviving because they are burning cash. The research paper also mentioned how the business of one of the online grocery store collapsed by 40% after they introduced delivery charges of Rs 30 for orders below Rs 499. In other words, people are not willing to pay ... Read More
The 5 Future Business Opportunities for Entrepreneurs to Start
Recently there was a lot of buzz in media/web related to high failure rate of startups. They shared a list of high-profile exits in recent past. Even i was shocked to know about the failure of some of the most promising businesses a few years back. At that time, the experts tagged them as Future Business Opportunities. Unfortunately, it didn’t turn out to be. Let’s accept the fact that the “Web” or “Media” is unforgiving. It was quite sad to read the ruthless and hard hitting reviews about the blue eyed boys or poster boys of entrepreneurship. In most of the cases, founders don’t share/accept ... Read More
5 Mistakes You Should Avoid as an Entrepreneur
Being an Entrepreneur sounds quite exciting and interesting. Daily we go through news reports of young entrepreneurs who are millionaires mostly under 30. Though i does not qualify for under 30 but aiming for under 40 Millionaire :). In my post, Startup - 5 Critical Factors for Your Success i shared some of the key success factors. A key success factor for one business might not work for another business. Before we proceed, let me admit that entrepreneurship is not that easy as it looks. There is a famous saying that "To Err is Human". Any mistake can make entrepreneurship tougher. It is but ... Read More
Low Profit Margin Business – List of 5 Business You Should Avoid
Low Profit Margin Business is a tricky affair for any entrepreneur. The key attraction for Low Profit Margin Business is HIGH VOLUME. For a startup, it is always a dilemma. It is quite enticing to venture into Low Profit Margin Business. Prima facie it appears risk-free. The same business can be either a high-profit margin or low-profit margin. The best example is Food Business. The profit margin can improve if you can command premium pricing. Premium pricing, in turn, depends on the positioning. I discussed the same in my post, High Profit Margin Business ideas for Premium Pricing. In highly ... Read More
Jobs That Are in Danger and Will Go Extinct by 2025
Recently, i was discussing the current and future jobs scenario with one of my clients. It was a casual discussion over lunch. He is an angel investor. The discussion started when he asked me what all criterion he should consider investing in a startup or a company. In his case, out of 10 investments, only 6 are profitable. It reduces his overall profitability and he is not a happy soul. Therefore, he is more keen to improve his strike rate. As i shared in my previous posts that automation will kill most of the jobs in future. At the same time, it will be golden opportunity for investors to ... Read More