Student at JECRC University | B.Tech CSE with specialization in Cloud computing(AWS) |
I recently attended a session with Subhajit Bhattacharya that offered some valuable insights into securing funding and effectively managing startups. Here are the key takeaways: - Startups often face high initial costs and low revenue, which means they typically need funding from angel investors or venture capitalists. - It can take several years to achieve profitability, and this journey usually involves significant, high-risk investments. - Essential elements for building a startup include: - Idea generation - Market research - Business planning - Funding - Legal considerations - Product development - Branding - Launch - Operations - Growth potential - We discussed the "Valley of Death" phenomenon, where startups can struggle financially even when they’re operational. - The importance of using SMART criteria for innovations was highlighted: they should be Specific, Measurable, Attainable, Realistic, and Time-bound. - We also covered common early-stage challenges and the key success factors for startups. - Lastly, technology’s role as an enabler was emphasized throughout the discussion. Overall, the session was highly informative and beneficial for aspiring entrepreneurs. I’m looking forward to more sessions like this in the future! This session was incredibly insightful and will definitely help guide our entrepreneurial journeys. A big thank you to Subhajit Bhattacharya for sharing his wisdom and to JECRC Incubation Centre (𝐉𝐈𝐂) and JECRC University for organizing such a transformative Session! 🚀 #Startups #Funding #MarketResearch #BusinessPlanning
