Let's talk about Startup Culture in India ????

Hello!

We’re back with another exciting read curated just for you! ??

What if your idea is not just an idea? What if it sees light? What if it’s really born? India has started its journey of the startup revolution. The ecosystem has been made in India for the rise of startups.

Let’s talk about the boom of Startup Culture in India ??

Before we take a plunge into India’s startup culture, let’s first try to understand what a startup is and how it functions.

It is “a young company that is just beginning to develop. "Brought into operation either because the founder(s) devised a clever solution (a product, software, or service) to a complex problem or because they discovered a more efficient way to recreate and distribute something that already existed.

But there are some steps that make their start-up great or unique from the rest! But what is it?

It is a blend of the following:

1.??????An idea that is exciting, effective, and feasible all at the same time.

2.??????Managers who are resourceful and have the knack to bring out the best in each and every employee.

3.??????An ability to anticipate future trends and rapidly adapt to changing business environment.

4.??????A mindset that chases purpose before profit.

5.??????A tact to handle tough customers with patience and care.

6.??????Mentors who can guide the team through difficult and tough times with their experience and wisdom.

Now there might be a small question floating around your mind. There are hundreds of startups but few fail to succeed. Why do some startups succeed when others fail?

In simple words, to join the top 1%, you must have to execute the right idea in the right direction at the right time. This is an age-old formula for success written in golden letters. Once you crack the above formula everything functions in sync and starts falling in the right place. The output increases, your customer base expands and hence the company automatically starts to grow exponentially.

But there are those 99% who don’t make it to the top 1%. ?Here’s why ?

1.??????Running out of money and the right resources to feed into the system.

2.??????Lack of persistence or quitting too early in the process.

3.??????Fear of taking risks or challenges or changing according to changing times.

4.??????Wrong notion about the market. Late execution, too slow on picking up and incorrect pricing, so on and so forth.

But on the brighter side, today’s Indians no matter their age are absolutely not afraid of keeping aside their 9 to 5 desk jobs to see their dreams take flight and become a living reality to the most. They are all set to break the chains to attain powerful leadership roles. Also with the Modi Government’s initiative of the startup India scheme, entrepreneurs are rising and taking India to a whole another level in the business world. Startup growth is a significant achievement for developing India.

?The growth of a successful startup usually has three phases:

1. There's an initial period of slow or no growth while the startup tries to figure out what it's doing.
2. As the startup figures out how to make something lots of people want and how to reach those people, there's a period of rapid growth.
3. Eventually, a successful startup will grow into a big company. Growth will slow, partly due to internal limits and partly because the company is starting to bump up against the limits of the markets it serves.

Here’s my tiny suggestion worth a cent; ??

If any startup, no matter where it’s based wants to succeed, it must let the employees be and express themselves freely with no negativity. People give their best only when they are actually allowed to talk and act freely without any second thoughts. In my opinion, more than the idea itself, it is the culture of a workplace that decides whether or not a startup succeeds.

Sounds intriguing right? But that’s it for this week.

Also, you can read this bonus blog on Startups ??

Next time I will tell you in-depth about the Start-up India scheme and its benefits, so stay tuned and follow jordensky.com

See you later, Ciao!