Starting A New Business? 7 Key Points To Keep In Mind

When I had resigned from my corporate job to pursue an alternate career path almost a decade ago, entrepreneurship was not really the talk of the town.

However, the scenario has changed completely today and it is wonderful to see talks about entrepreneurship in every forum and platform. Even the Government has been coming up with numerous initiatives and schemes to support and encourage entrepreneurs. There has been an upsurge in the number of small and medium scale businesses run by women which is not just a great sign for the economy, but is also very inspiring.

As a part of my work, I have been mentoring many women on entrepreneurship and have discovered that though women have amazing ideas and execution skills, sometimes lack of direction and right guidance can hinder their growth. I have realized that a little bit of hand-holding at the beginning goes a long way in instilling confidence, clarity and an insatiable hunger in them.

Based on my interactions with women trying to establish their ventures in various industries, the most common point/query that keeps coming up during discussions is – “What are the basic and important things to keep in mind or put into place while starting a new business or venture?”

In this post, I am not going to talk about registering the business and similar tasks that are obvious and process-oriented. Rather, I will be focusing on the mental, intuitive and skill-based aspects of entrepreneurship. These points would be applicable for small/medium scale enterprises.

Starting a new business first needs a vision

Be clear about your vision because everything else follows from here.

You have a passion and you want to convert it into a profitable business. This is wonderful but it’s important to think beyond the products and services before starting itself.

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I am not a poet

The first creative piece that I ever wrote as a child was a poem. There is something magical about poetry. Even a single line can evoke several emotions within the reader. Poetry is profound and gentle, structured and abstract, meticulous and carefree, broken and whole. It is everywhere, within us and around us.

On the occasion of World Poetry Day, here is my ode to poetry.

No! I am not a poet.

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Diamante to get launched in India

“A gentleman’s choice of timepiece says as much about him as does his Saville Row suit.” – Ian Fleming

Isn’t this so true? In today’s times, when we have numerous devices around us to check the accurate time, watches have become more about making a style statement or accessorizing your look on any special occasion. I have always loved exploring different brands and designs of watches, and hence, I was excited to chance upon the beautiful product range of Diamante.

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Do we really need to see ourselves 10 years ahead?

Yesterday was 10th August. Exactly 10 years ago, I was gearing up for a presentation on SAP HANA at the SAP World Tour in Melbourne. As a senior consultant at Infosys, it was a huge responsibility for me, and my managers had immense faith in me, which added to the pressure.

Eventually, the presentation went well and the feedback was extremely encouraging from all quarters. I knew that this also meant I would get a stellar rating in the following appraisal cycle and possibly, even a promotion. However, that day became a milestone day in my life for reasons other than what I would have thought back then.

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Jee Le Zara – Trailer Review

An all women group taking to the roads in a top together. Will this be the “women travelling together” film we’ve been waiting for, or will it follow stereotypes about women?

‘An all women trip’ – just the sound of it is exhilarating, isn’t it? If not gone on one, most of us have at least dreamt of chilling out with our female pals at gorgeous locales to make memories for life.

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Book Review: GST for the Layman

I never thought some day I would be reading and reviewing a book on the subject of GST. I surprised myself when I felt immersed in the book because I am not into non-fiction, more so into something as ‘dry’ as finance as per my own perception. But I am not exaggerating when I say that Author Apeksha Solanki has come up with a gem and has proved that even taxes can make for an interesting and enriching read. She is a qualified chartered accountant and has a rich experience of working in the fields of both direct and indirect taxes. She makes use of her knowledge and writing prowess to make life easy for people for whom GST still remains a mystery even after almost 4 years of its introduction.

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Movie Review – Gunjan Saxena: The Kargil Girl

During one of the crucial scenes in Gunjan Saxena: The Kargil Girl, a daughter wants to give up on her dreams to tread the path that most girls chose back then. A visibly disheartened father says to her, “I want to give you the wings to fly and you are asking me to cut those wings.”

I was watching the movie with my father and couldn’t help but think that every girl deserves a father like hers, and like mine.

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Sex Workers Deserve Respect And Empathy

I haven’t been active on Twitter lately for self-preservation. Even when I open the app, I skim through the feed with a brisk stroke of my thumb. But a recent top trending hashtag on Twitter hit too close to home and I felt compelled to dig further.

A tweet from Dhanya Rajendran, Journalist and Editor-In-Chief of The News Minute, intrigued me. She mentioned a distasteful trending hashtag and called out Twitter India on allowing such malicious content to trend on their platform.

This prompted me to go and check what this was all about. I discovered that the top trending hashtag was one which called a top Tamil actor ‘the son of a prostitute.’ And I was absolutely clueless about where this came from. Baffled and befuddled, I tried to trace the origin of this hashtag only to discover that this was a result of “fan wars.” Fans of the Tamil film actor Vijay put every ounce of effort to spotlight this trend as a means to seek ‘revenge’ on the other team of fans.

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