Tuesday, February 11, 2014

Realizations in this Entrepreneurial jounrey

There was a time I was thinking that how can I start-up with an idea which will at-least make my future secure. Went to an event last month, made few connections.
Realized by then that I have already tried to make 2 start-ups which was faded away in my closed room, never brought it up in the real world.

This might be the mistake which I have done. Developing a product is simple for me and Anup as we both have worked together always. We are engineers hence its not a big deal to deal with the technology stuff.

The real problem starts when we start to bring it into the market. We then realize that what we have made and thought that it will explode in the market and will be extremely used, is actually a dumb product which we have made but wont work on the market or might be in the Indian market.

No worries but we had a small experience by then at-least.

Now we are trying to make our 3rd start-up, again. This time too we don't know whether it will run in the market or not, but wait, this time there is something which we know now ,that is we can and should modify the value proposition of the product according to the market need then only it is going to be accepted and used in the market.
2nd thing which is really important is, how open is our product, whether it is user friendly and how much hedge it has before a person from a non technical background can comfortably use it.

These are the most vital point which need to be considered !!!!

Goals - long term vs short term rewards

 I guess it has started to be clear now that it's the goal which drives a person or else he or she may fall in the grip of the activitie...