5 Should Be Goals of a Really Ambitious and Passionate Startup

Success rate in startups is too low which is a demotivating factor for the young entrepreneurs. So I was thinking how they can get rid of this fear of statistics backed failure. And they deserve it as they are mostly passionate and ambitious. But only being passionate and ambitious will not help you to achieve success as a startup founder. After diving deep into the core of my mind, I realized that following 5 things should be the goal of a really ambitious and passionate startup.

Make platform or infrastructure not product:

Don’t think about a product or particular service. That will not create long term revenue. Rather be mindful and think about some infrastructure or platform where people will give and take particular product or service. And then you can create big impact in the society.

Successful Examples: Cloud, API, Google, Open Source, WordPress…….Aren't they??

Empower people:

Don’t think about business – think about the empowerment of people. People is not for business, but business is for people. Empower people. They will empower you.

Successful Examples: YouTube, Emerging trends of online Tutorials like Coursera, Udacity, EDX………

Create jobs:

Heading worth skipping details. Isn't it?

Successful Examples: Freelance sites like freelancer, upwork…..

Solve some problems which is really annoying to you or you crave for the solution:

Don't start a startup for the sake of starting a startup. Start a startup only when you are really annoyed by some real problems and your craving for the solution is sky kissing. As then only you find the path to solve that.

Successful Examples: Google, Facebook…

No compromise with quality:

Quality is king. You organisation's value system should include - "Quality cannot be compromised."

Insightful example: Yahoo vs Google (Yahoo has taken the concept of search engine first, but Google poses the headlines in search domain by delivering quality without compromising with quality).

Failure Stories Are More Important Than Successful Ones

We are living in a society where success stories are glorified and failure stories are horrified. Isn’t it so? But believe me it’s terrible. We need to break this system. I will tell you why? Let’s have an analogy.
Suppose you are at the START point in the above picture. Now your destination is the END point. So you will be successful when you will reach the END point in the picture. Now if I tell you some success stories or events it will tell you about the END point. So you will get an idea about END point only. I’m not telling that it’s not required. But listening success stories means knowing the END point – the destination. That’s required only once to get the idea of END point. But the main effort is in the meanwhile i.e the road – the smooth – the rough – the anything possible road. As this road is not a straight line joining the START and END point. It’s a totally unpredictable, random road full of chaos. Like in the picture you can see different points in the road like A, B,…

Break your ideation limits by checking 10 Breakthrough Technologies of 2017 from MIT Technology Review

Would you like to give your imagination a fly with real possibilities? Then the following link from MIT Technology Review is for you. According to them: These technologies all have staying power. They will affect the economy and our politics, improve medicine, or influence our culture. Some are unfolding now; others will take a decade or more to develop. But you should know about all of them right now.
Reversing Paralysis Scientists are making remarkable progress at using brain implants to restore the freedom of movement that spinal cord injuries take away. Availability: 10 to 15 years Self-Driving Trucks Tractor-trailers without a human at the wheel will soon barrel onto highways near you. What will this mean for the nation’s 1.7 million truck drivers? Availability: 5 to 10 years Paying with Your Face Face-detecting systems in China now authorize payments, provide access to facilities, and track down criminals. Will other countries follow? Availability: Now Practical Quantum Computers A…

What Investors Look for in a Startup

Before approaching investors, every startup founder should ask themselves what investors look for in their startup. Below information will guide you to prepare for this question with data driven insight. Team: Most of the investors give first priority to the startup team to for investment. According to them, they mostly care about the following features of the team – PASSION .. PASSION and only PASSION: How the passionate the co-founders and the teams are.Lots of Energy but Open for feedback (Humble)Endurance / Consistency Are you solving a real problem? It’s no matter what big names of the technologies you are using. They only would like to ask you,” Are you solving a real problem?”. So be ready for that. Have you made any product, project, POC or at least any prototype? Investors don’t have any intention to invest in a startup which is in a business plan stage. So make at least one product / project / sample / prototype. Please check below video to know what Rajan Anadan (MD, Google …

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