StartupTalky

Tag: best startup ideas

  • How To Overcome Challenges While Starting Your Own Startup?

    One thing which is obvious in this era of startups is that it’s not going to be easy like slicing a butter with knife. While a large number of these startups shine and thrive, others sadly vanish into the oblivion. Circumstances have been particularly hard considering recent economical changes well.

    Nothing comes easy. The road ahead for startups is anything but a smooth one. So, it is important for them to execute their business plans in a manner that proves their vision and worth.

    Now, let’s address the most important question: Why do new businesses fail? Here in this article, we will examine with engaged approach concerning what are the most well-known issues of startups and their solutions.

    Startup Challenges
    Startup Challenges

    How to use Medium for your Business |How to set up Medium for Business
    Medium is a blog hosting platform, which lets both amateur and professionalwriters and publications publish their work. Launched in August 2012 by EvanWilliams, Medium is an apt example of social Journalism, and a wonderfulplatform to read and write important stories because everyone has a story.…
    StartupTalkyNiku Mandal

    Money

    Money is one of the most important assets without which the base of a startup cannot be created. Small startups depend heavily on funds from the investors. Also, when monetary issues hit a startup due to any reason, they can hit hard, thus postponing significant developments like rolling out items, recruiting key staff, or building more workplaces.

    While taking help from an established and reputed monetary firm might be able to help with money related emergencies which threaten the startups, the real solution to a flourishing startup is to ensure that you understand your receivables, payables, and the net situation consistently with the end goal for you to prepare. It’s important to have emergency funds before you start and add it in your business plan and budget accordingly.

    Team building

    A hastily chosen team can break your dream of driving your startup to success. Look beyond resumes and use your best judgement to choose your dream team. When posting job vacancies be detailed about what precisely are you searching for and with what financial plan and advantages. Also, make sure you clarify what qualities newcomers must have, what the job obligations would be and what hours and days they would be working.

    This will spare yourself a huge load of time as individuals who might apply would know about the financial plan and obligations while applying.

    Erratic business planning

    Proper business planning is the key for startups to make their businesses take off. Due to poor planning, many businesses fail in the very first year because they do not effectively look into the challenges and pitfalls. If their business plans lack perspective, they are destined to fail or they have to continuously devise and change them.

    So, before launching your startup, it is vital for you to carry out a thorough research by investigating from suppliers to taxes to competitor prices. This approach is the bedrock for a successful business, which needs to be viewed in holistic way so that vision for the product is aligned with the identified target audience. Writing an effective business plan in the earlier phase helps startups to define what their business is, the market it serves, how it will conduct operations, and the money it will make and spend.

    How to Find the Perfect Co-Founder for your Startup? | Websites & Tips
    Being an only person like a one-man army for your startup is very tough. It alsopossesses a huge risk if the person is starting a startup and thinking to do italone. But finding the perfect co-founder for a startup is one of the mostdifficult tasks as it can make or break the future of your compa…
    StartupTalkyYash Gupta

    Finding customer loyalty between fierce competition

    Continuously consider your optimal customer base and how to earn and retain them. You are the person who gives answers to their necessities, and that must be your business reasoning. Your business can grow in case you have clients who are pleased with you and who will spread out kind words about you through verbal promoting, online media, and so forth.

    But remember, the corporate world is extremely fierce. If you have a startup that has been established recently, the opposition gets even tougher.

    Easy-To-Learn Technical Skills Every Entrepreneur Should Know
    Entrepreneurs [https://startuptalky.com/tag/entrepreneurs/] in the age ofdigital media and the internet have a lot on their plate. Increased competitionhas highlighted the importance of adopting technical methods and skills to keepyour business stable and progressing. There is vast array of techn…
    StartupTalkyLakshya Singh

    In any condition, the road is not easy for startups. There will consistently be rivalry, and the competitors would whisk away your clients and customers. It would be advisable for you to analyze the qualities and shortcomings of your competitors, be aware of not committing the same mistakes as them and be different and unique as much as possible. Remember to be firm in your identity and vision.

    Partnership

    Partnership is the way to progress. Humans were, are, and will be social and mingle with each other. But when it comes to leading your startup to success, be eagle-eyed. In this ever-growing and ever-changing digital time, where startups need to fight hard for their endurance, new businesses find it hard to track down reliable partners. Taking everything into account, stakes in partnership are a lot higher for startups. One wrong move and everything would collapse.

    A partnership may deliver incredible profits for the startups, however they have to consider a variety of factors before settling on any choice to team up with another startup working in a similar ecosystem. To reap the maximum benefits out of a partnership, startups should search for partnerships that enjoy a good presence inside the market and a fair share of rivals.

    In a nutshell. a keen eye, well-thought decisions and the persistence to keep moving forward would pave the way for your startup’s success.

    This article is contributed by Amit Tyagi, Founder and CEO of Neuherbs India

  • How to start a pandemic-era business and its benefits

    There is never a perfect timing for starting a business, sometimes, there are but it only stops you from taking the risk. Organizations like General Motors, IBM, and Disney were all founded right before the Great Depression. Facebook, Twitter, and many others also made it through the economic crisis.

    Whether anyone starts a company before, during, or after a recession or global pandemic does not necessarily mean one is going to be more successful in the long term. If anything, global crises are what highlight the next pile of problems the world needs to solve to move forward which gives rise to hundreds and thousands of new companies, new markets, and new opportunities.

    As we are currently in this global crisis, there are multiple interesting opportunities for entrepreneurs.

    Tips to Sell Masks Online in India| Top 7 Companies for best masks
    Being hit by the Coronavirus has left us all in an awkward position on how toset up a business or how to put your business back on track. Geronimo! COVID-19came up with an exciting business setup of COVID essentials. Masks: one of thebasic essentials to put on while stepping out of your safe zone…
    StartupTalkyAvantika Bhardwaj

    Why is pandemic the perfect time to start any business

    Employees of the Organizations enjoy the work without long commutes. Without as much of social life, without many of the work that used to keep us busy, some people have potentially more time than they’ve ever had to invest in getting an idea off the ground.

    Here are some reasons why it is the perfect time to start a business.

    Business built in the current situation will only be stronger in the future

    Nobody has any idea how long this recession will last. However, if one creates a company that is valuable to people in an environment that is full of declining demand and rising unemployment, the idea of the business is only going to be stronger and flourish when the economy starts to improve.

    Starting a business means entrepreneurs will be even more frugal with expenses, hiring, and whatever they need to get the company started.

    A lot of talented and skilled people are looking for employment

    It’s not just small businesses that are adversely affected by the pandemic. Even the multinational companies and most heavily funded startups are firing people right now.

    Currently, the market is full of talented individuals looking for their next opportunity. As more companies move to remote workforces, this will unfold more opportunities for the right workers to find the right companies. This is a great time to find a co-founder and other teammates and build a category-defined company.

    Businesses that start and solve problems in a crisis tend to grow faster

    Generally, new consumer startups tend to be at the forefront of where the world is going with a digital focus, heavy content education and differentiation, and convenience, demand and supply focus for their customers. It’s no surprise that many of these businesses are suited for the current environment.

    But what about companies that aren’t so lucky to be benefiting from these changes? Rule number one of entrepreneurship, when things go wrong, you don’t just give up. There is no option of quitting. There’s no perfect time to start a business. What matters is how motivated you are to begin.

    Coronavirus Challenges for Travel Startups & how to Survive them?
    The coronavirus aka COVID-19 pandemic continues to spread with no signs offading away. Preventive measures taken by the public sector and by globalindustry are already having widespread effects. Most of the businesses aroundthe world are facing many challenges and lower demands of their services …
    StartupTalkyVarad Kitey

    Tips to run a business during the pandemic

    Some amazing tips to run and flourish the businesses during the pandemic

    Quick to respond

    The entrepreneurs should be quick to respond in these times than in normal situations. There are many challenges and problems faced by the businesses and consumer as well. The team should be very flexible, responsive, and understanding about the additional challenges the pandemic adds to what are generally already extremely stressful events for the customers.

    Consider the Benefits of working from home

    Encourage the team and explain the perks of working from home. The privacy of employees is intact and undisturbed. Also, encourage everyone to enjoy the benefits, maybe work on the balcony for a little, go for a walk during day time, work flexible hours where possible.

    Increase communication

    Having a remote team during the pandemic, the communication and coordination among the employees have reduced. To increase communication amongst the team, rather than weekly check-ins and teleconference staff meetings, subordinates can check in with each other in some way daily.

    A short text, an email, a phone call, whatever it takes and works best. With this, employees can be there for each other as needed, and address needs as they arise, relieving both team member and team stresses.

    Always hope for the best and work for it accordingly

    Business owners or entrepreneurs need to be the one who comforts and be a leader to give great hope. They must have a steady hand to keep things intact. People tend to allow crisis and hysteria to outpace the business.

    The most important thing for new leaders is clear-headedness and accuracy of the emergency. Oftentimes, the cure can be worse than the disease, and CEOs have a responsibility to manage the psyche of people around them and work to gain confidence.

    Ask yourself these questions if you want to start a business now:

    • Have I identified a new need that customers have as a result of the current crisis?
    • Can I serve this need in a way that is substantially better than the current alternatives?
    • Am I qualified to solve this customer problem?
    • If I don’t have the experience, can I hire others or find a co-founder to help me?
    • Do I have the level of funding that is needed for my business to be profitable?
    Pandemic Affected Business
    Pandemic Affected Businesses

    How can you launch a pandemic-era business

    Build a wide network and understand what they are looking for.

    Be a big relationship person, spend at least five hours per week talking to different people in the same domain of the business maintaining relationships.

    One of the things you want to know, as an entrepreneur, is what investors want to see to feel confident investing in the company. Is it about how much revenue you produce? Is it the growth rate of your customers? Different investors look for different things, so it’s important to understand and plan what exactly is needed.

    Have a long-term plan and strategy to make it through

    Deals are still getting signed, but investors want to see that you have a very clear plan for navigating the current environment. Investors want to know:

    • How do you plan on executing the business during a pandemic?
    • Why would someone buy your product/services and who is the buyer?
    • When do you plan to start generating revenue?
    • What key metrics are to be measured, and are those strong indicators of business development?

    The Bottom Line

    Investors are looking for options as to where to put their capital. The stock market is on fire and the interest rates are so low that investing in bonds and things like that won’t yield a high return. So this is the right time to investing in deals and make the right deals for the businesses.

  • Best Startup Ideas For 2020 | Startup Ideas To Try Out In 2020

    If you want to start a startup or business, the most important and the first thing to do is to decide an idea for your startup/business. Choosing an idea for your startup can prove out to be a difficult task and if you make any mistake while choosing an idea, your startup may fail to get a bright future. The most important thing to keep in mind when selecting an idea is to choose something that is of your interest. You can try out any idea that you can think of and can make the lives of people easier or you can select from a list of ideas that people have already implemented.

    We bring to you such a list of startup ideas for 2020 that are not new but definitely good and profitable along with their pros and cons to help you make a decision.

    Best Business Ideas To Try In 2020 In India | Business Ideas For 2020
    Choosing the right idea for a new business can be difficult and confusing. Thistask needs to be done very carefully and one should keep in mind many thingswhile choosing an idea for his/her new business. One of the most importantthings to keep in mind when selecting an idea for your new business …
    StartupTalkyYash Taneja

    Startup Ideas For 2020

    1. Blogging

    Blogging is a very good idea for a startup and can prove out to be very beneficial. There are many genres of blogs you can write upon such as travel blogs, food blogs, tech-related blogs, etc. You can start a website and write articles or blogs that focus on any one genre or multiple genres. This idea will require patience as your blogs will take time to get noticed and to attract traffic. But if you follow the right techniques and have enough patience, this will prove out to be very profitable.

    Pros Of Blogging

    • Starting the process of blogs is easy. There are thousands of templates available on the internet for free for writing blogs.
    • In the starting, you can use free blogging sites to post your blogs such as WordPress, Blogger, Ghost, etc. After you get comfortable in writing blogs and are able to attract a good amount of audience to your blogs, you can start your own website.
    • You can reach out to and convey your message to many people. People like to read blogs and by using correct techniques, you can build a loyal audience and a community with people like you.

    Cons Of Blogging

    • As I already mentioned, getting a good amount of traffic to your blogs will require a long time. Therefore, it will take a long time to make good profits.
    • Writing a good blog will require a lot of research and thus, a lot of time.
    • You will face many difficulties if you do not like to write. Therefore, it is essential to start blogging only if you like to write.
    • Not everyone will like you. It is possible that you get many hate comments and rude remarks on your blogs in the beginning. But you must deal with it and constantly improve yourself to stay at the top.

    62 Business Ideas with Low Investment and High Profit
    One of the most desired things an entrepreneur wants in business is a smallinvestment business idea and high profits. To achieve this, they sought everyway to make their business run smoothly and increase revenue thus profitability.If you land on this article chances are you are looking for Busin…
    StartupTalkyShubham Kumar

    2. EdTech

    EdTech or Educational Technology is a very good business idea to try out in 2020. Some examples of such businesses are Byju’s, Vedantu, etc. What you’ll basically do is to teach people online on a variety of subjects such as preparation of competitive examinations or you can tie-up with some educational institutions and provide them with study materials and online tests for their students, etc.

    Vedantu Company Profile – All about Vedantu Founders, Funding, Business & Revenue Model, Competitors and Revenue
    Conventional learning and teaching methodologies endures a lot of inadequaciesin learning outcomes. The major problem of classroom education is that it isnever equipped enough to match every individual student’s learning pace andabilities. Vedantu resolves this problem with its personalized onli…
    StartupTalkyHimaya Presthitha

    Pros of Starting an EdTech Business

    • During the current times, online learning has become the need of the hour. Therefore, you can provide online teaching solutions directly or via some coaching institute.
    • Many coaching or other educational institutes require support for online examinations and good study material which you can provide.

    Startup Ideas 2020
    Popular EdTech Companies in India

    Cons of Starting an EdTech Business

    • You will face decent competition as there are many startups in this field that have established themselves and earned the confidence of the people.
    • You’ll have to update your resources continuously as the time changes
    • You’ll have to look for talented and skilled employees which can be very difficult

    3. Home Tutor Aggregator

    There are many home tutors available in each colony. Your startup’s job will be to aggregate such home tutors to your startup and when a customer requires a home tutor, you send the best candidate to them. Therefore, your business will stand as a mediator between the student requiring a home tutor and the tutor looking for a job.

    Pros Of Being a Home Tutor Aggregator

    • It is a unique job. Therefore, people will be attracted to your business. Moreover, you will find very little competition especially if you start in a small town or city.
    • Can be very profitable.

    Cons Of Being a Home Tutor Aggregator

    • Although it is easy to find home tutors everywhere, it will be a difficult task for you to find a GOOD home tutor that will match up to the standards of your startup.
    • In the present situation, your business will fail. This is because no one is continuing with home tutors to avoid the spread of the COVID-19 infection. Therefore, you will have to wait until things get back to normal.

    4. Social Media Management

    Every business, whether small or large, requires a big presence on social media as this is the age of social media. You will provide social media management services to such companies and handle their social media accounts. You will have to post images and videos, blogs, and respond to customer queries on their social media handles.

    How To Become a Social Media Manager? | Social Media Management
    Social Media is amongst most the powerful platforms available across the globetoday. Platforms like Facebook and Twitter are capable of influencingpresidential elections. Moreover, such platforms are now providing employmentopportunities to hundreds of thousands of people in different countries. …
    StartupTalkyDevashish Shrivastava

    Pros of Being a Social Media Manager

    • If your first client gets satisfies with your work, you will come into the notice of many potential employees easily.
    • You get to interact with a lot of interesting people daily.

    Cons of Being a Social Media Manager

    • It can be very time-consuming. You have to create good and creative posts and blogs if you want to showcase your talent, and this requires time.
    • Any small mistake by you can lead to the deal being canceled and you losing a client.

    5. Pet Services And Products

    Although there are people out there with such businesses, but still it is unique, especially in small towns and cities. Your startup will provide essential services and products that pets and pet-owners require. This will be a very good idea for your new startup, especially if you are an animal lover.

    Success Story of Woofwoofnow – An Innovative Pet care Startup
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. With the time, humans have made a plea to show humanity and compassion to theanimals. Taking the…
    StartupTalkyVidhi Punamiya

    Pros of Having a Pet Services And Products Business

    • Competition in the field is low. You can gather a loyal customer base if you provide them with good quality services and products.
    • If you are an animal lover and know the needs of pets and pet-owners, you can make good progress from the start.

    Cons of Having a Pet Services And Products

    • It can be difficult to choose the right location. You must choose locations where competition is low and the demand for such products and services is high. This can be a difficult task.

    That’s it for the ‘Startup Ideas For 2020‘ list. Please note that the list is not in any kind of order. All these startup ideas can work wonder for you in 2020. But do not ever hesitate to try any ideas that you come up with. If your idea can solve any problem of people and is unique, your business will flourish.