Posts

Why being just passionate is not enough?

Image
We often hear terms like: Find your passion!  or People with great passion can make the impossible happen. which makes us feel that the only thing we need to turn into next billionaire is ' passion '. # But, let me tell you from my experience that passion alone is not enough. The thing you need with passion is ' execution '. If you don't know how to execute then your passion would be of no use. I started learning programming 5 years ago when I was 17. I was extremely passionate about it & used to code all night. Then I came to know about the android development thing and find it really interesting. I started learning it and once I had a good command over it, my passion increased tenfold. I developed my first app named ' ColorMe ' and then my second app named ' Every Thing You Want To Know '. Though, these 2 apps were not that much of a use, they gave my passion an enormous amount of boost & then I started searching for probl

Want to start a marketplace startup? Better buckle up as it's not going to be easy!

Image
A Marketplace business  is the interpreter of supply and demand. In easier words, it can be defined as something which connect buyers with sellers, takers with providers or those who demands with those who supplies. ## These type of businesses which includes giants like Amazon, AirBNB, Uber, Etsy to name a few are almost always huge in terms of network, profit, net worth and several other such factors. They are also one of the hottest types among the investors and venture capitalists and a lot of them are looking to invest more and more here.  Though this all sounds highly intriguing, the only thing which nobody wants to hear is that building a Marketplace business is as hard as anything. There are a lot of struggles founders have to face while starting one and even when there business is stable.  It includes a lot more complications which are not easy to solve and often comes out as the cause of company's failure. Some difficulties which marketplace businesses f

Oh, you have the next big startup idea? Umm... make sure if it is really that big.

Image
This certainly has happened with almost every wantrepreneur (wannabe entrepreneur) out there. Every now and then, or in some cases, once in a while we have been struck by an idea which we think would be the next big thing. Though the thought is exhilarating and unavoidable, we can't and shouldn't let ourselves get deceived by our own brain. Then what are we supposed to do? Well, as suggested by the famous Silicon Valley serial-entrepreneur and academician Steve Blank, you have to refrain from thinking about the viability of the idea yourself and have to: ## and talk to minimum 100 real people (or your potential customers) and ask them to validate your idea. Ask them everything which comes to your mind related to your idea. Questions like what they think of it, would they use it, how much would they happily pay for it etc. One of the book you should read for perfecting this art taught by Steve Blank is: After successfully going through this phase you'll

Want to start a billion dollar startup? Stop thinking about ideas and start looking for problems.

Image
Yes! You read that right. If you want to start a billion dollar startup and you are looking for ideas to work on then most probably you are doing it wrong. Why? As said by famous entrepreneur turned Venture Capitalist Paul Graham: ## So, basically what you have to do is think of a problem that a big population is facing (recommended: including you) and then come up with a solution which is easy to implement as well as easy to scale and helps those facing the problem in the best way possible. The reason why it is recommended to have that problem yourself is that it ensures that the problem actually exists and you are not merely making it up in your brain. Because, if you'd work on a solution for a problem that does not exists then without any doubt it'd be a failure. I would recommend this book for some amazing points to keep in mind while looking for a problem: Now, just start observing yourself deeply doing your daily activities and try to figure out t