How to have growth - business suggestion for startups

As a startup founder myself, I can completely comprehend the urge that runs beneath a budding businessman, for immediate recognition. When I started off with Sagacious InfoSystems, way back in 2010, even I was under the same impulsion. But gradually, time made me learn, that success is not something to be attained over a night's journey. Neither there is any magical recipe to tame it so easily. However, in these years of entrepreneurship I have got to realize that if a startup businessman maintain certain parameters, then LADY LUCK will not take much of her time to smile on him. 

How to have Growth - Business Suggestions for Startups

 

According to my experience, no organization can grow until and unless it is supported by creative and skilled professionals. So, the foremost business suggestion for startups, from my point of view will be to hire the right person for the right profile. 

Secondly, many of us in the pursuit to enlarge customer base forget to nurture the already existing ones. When you are still in your blooming days, concentrate more on the present clients. Try to retain them by implementing some customer loyalty programs. This way it is easier to get established in the market. 

Next is to avert risks. I agree, that keeping everything under control is not possible at every point of time, but then small businesses are easily prone to dangers such as loss of valuable data or product designs. This can actually not only break the customer trust but can also ruin the business all together. As a business suggestion to startups, I would advise to safeguard company policies through insurance providers. 

Another imperative trait a startup should possess is the ability to adapt as per the transformation in the market. Whether it be in terms of brand services or product, a responsive approach towards development will quickly gear up a business for speedy growth. 

And last but not least, never neglect on customer experience. This is so because a satisfied customer can uplift the image of your brand by letting people know about your existence.

Thus, keep playing on your tricks and soon you will attain the position you had always wished for. 

For More Suggestion:

Business Suggestion

How Karnataka Government Is Helping Startups To Get Established

It is nice to see that the Government of Karnataka is showing interest in lending helping hands to all the aspiring entrepreneurs. Being the co-founder of an IT organization, I can completely comprehend how monotonously tough it is to offer complete reality to your dream idea. And in midst of all these efforts, if you get a support system to rely on, you can obviously know better days are on its way. 

 

Now, anyone with a constructive idea for entrepreneurship can register with the Karnataka Startup Cell. Once the idea gets approved, they can expect the government to fund them. In the mean time, they can start off their idea from any location of their wish; be it home or some rent place. The best thing is, the state government is ready to pay Rs. 50 lakhs for a potential idea, lacking in revenue, to take shape of its own. 

Specially owning to the number of startup companies budding out in the IT hub of the southern state, in my option, the government is seriously doing a tremendous task to convert the urban into a world-class ecosystem. But the catch is, besides being a member of Karnataka Startup Cell (KSUC), the startups should as well fall under the following categories to take benefits of startup funding -

•      50% of the employees should be operating in Karnataka
•   The startups revenue should be below 50 crores
•   If  the organization is a Biotechnology Industry then it has to be less than seven years old and if it is an IT industry, then it has to be less than four years of age
•     Your startup should be a technology based one

By 2020, the Karnataka Government foresees to assists the growth of 20,000 fresh businesses with the help of this startup policy. What portion of assistance who gets is not that an imperative question, but the thing is at least the government is willing to render its support - is the main thing to feel appreciative off.

- Sunil Muniraj

In The Words Of Sunil Muniraj - How To Fund Your Start-Up?

Sunil Muniraj, the co-founder of Sagacious InfoSystems had started his organization from a very grass root level into a brand that is currently in a position to offer best data solutions worldwide. He has complete experience of the challenges that a budding entrepreneur needs to face while laying the foundation stone for his organization. Thus, let us rewind the talk that I had regarding how to look out for best investors to strengthen one's freshly launched company. 

 

1. Build Your Networks:

As per him, networking is something that continues to benefit even in long term. As a start-up businessman, one should never understate business conferences and occasions. No matter how big or small, the events might seem, they never cease with opportunities. Building ties with similar minds open up with better prospects. 

2. Figure Your Industry:

According to Mr. Sunil Muniraj, it is very imperative to look out of the window and figure out what other competitors are up to. Given to human psychology, we all tend to think that our strategies and planning are the best. But this can backfire many a times. 

3. Sketch A Business Plan:

He is of the believe that investors grow interest only when you have a well planned business strategy. This is so because none will prefer drowning themselves financially due to your faults. Thus, convincing methodologies play best. 

4. Look Out for Angel Investors:

Another important suggestion he gave was to fish out angel investors. These are individual business men or head of any department who shows interest to back your business financially in return for a small percentage share of your business. 

Thus, these were the major points that Sunil Muniraj touched while explaining the concern topic. 

For More Details:

Sunil Muniraj