The general psych of enterprising youth is slowly changing and the shift to entrepreneurship is ruling the roost. With numerous emerging boot camps at the university levels sponsored by many government agencies, the emphasis is more on to churning out many successful enterprises on the campus. The idea seems to have caught many aspiring individuals and the result is many new ventures coming up. The governments “Make In India’ has also encouraged such start ups. However, sustainability and scalability play a vital role in defining an enterprise with a successful venture. Is there a thought process that shall yield positive results for any start up is the search for the day.
May be many have defined a list of procedures or even created templates that could help budding entrepreneurs. However, results vary from one to another. While their effectiveness cannot be pushed aside, Way2World has rejigged the first steps that necessarily could aid young guns get desired results.
Scanning various flourishing entrepreneurs the following list has been designed which should ensure the success of the entity to a marginal level.
- Work on the idea
- Set up a like-minded team
- Search for investing partners
- List financial goals
- Assess competitive intelligence
- Create an USP
- Make a fool proof marketing plan
- Design a perfect support system
- Be level headed and plan ahead
Ensuring these steps with always having a backup plan, success is not far away. Way2World will release a series of articles in this regards for your benefits. Pl share your experiences to grajkishan@gmail.com, to serve you better. With inputs from internet – Rajkishan