These
are the days when everyone wants to be an entrepreneur. Startups are
mushrooming and we keep hearing stories of how a start in a living
room or garage went on to become the next big thing. But at the same
time we cannot forget that seven businesses out of ten get closed in
their first year. So something is required to sustain the business.
In her new book Start Up Stand Up Nandini Vaidyanathan provides
a step by step guide for growing your business.
The
author choses to call these lessons as sutras. She starts with why
you should chose your first customer carefully. Creating an
innovative business model and acquiring customers form parts of the
following sutras. Finding a mentor and importance of organizational
behaviour are stressed in the next chapters. Getting customers
addicted to your products sounds interesting. The author has some
sutras relating to this as well. Building a high performance culture,
design thinking and its need as an entrepreneur are some important
aspects in the book. Investors, types of equity investments, care to
taken before investing and choosing investors are too discussed in
the book. Art of negotiations and benefits of networking are stressed
too.
The
author cites a few case studies to make her point. I liked to read
how naturals ice-cream began. It was given for free with snacks when
it started. I was unable to understand few acronyms like B2B used by
the author. The same stands true for some other jargons used in the
book. This book is a sequel to the book Entrepedia. While Entrepedia
was all about how to start your business, this book is about how to
grow your business. May be that was the reason why I did not
understand few concepts in the book.
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