Tag: Entrepreners

  • Top specially abled entrepreneur

    In spite of their hardships, those who are physically or mentally challenged serve as an inspiration and an example that “Anyone can do anything”. Recently, there has been much buzz about how entrepreneurs are changing the world, but little about how differently-abled entrepreneurs are changing perceptions. There is a saying that says ‘Disability is just a matter of perception.’ If you believe in yourself, then nothing can stop you.

    Would you believe that Walt Disney, the founder of the Disney Company, suffered from dyslexia growing up? Incredibly, a disabled individual became a cultural icon of the country and is still remembered today. The example I gave above illustrates how some people have changed the mindset of those who are afraid to dream big. Our special needs entrepreneurs can be found here awe-inspiring others with their business success stories.


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    Unknown Facts About Walt Disney

    Top 12 specially-abled entrepreneurs who are inspiring the world

    Sharath M Gayakwad

    Occupation Founder of Gamatics
    Establishedin 2014
    Awards Arjuna Award for Para-Swimming

    Sharath M. Gayakwad - Founder of Gamatics
    Sharath M. Gayakwad – Founder of Gamatics

    Sharath M. Gayakwad is the first Indian swimmer to qualify for the London 2012 Summer Paralympics. From adoring his sport to winning record-breaking medals for his nation, he has come a long way. In 2014, he became the first Indian to win six medals in a multidisciplinary sports competition, breaking P.T. Usha’s record. Since his swimming career began, he has achieved 39 international medals and 55 national medals, turning his biggest weakness into his biggest strength.

    With a modest socioeconomic background, he began mentoring children in November 2014 by founding a company called “Gamatics.” The startup focuses on providing high-performance practises and pieces of equipment for swimming at a very affordable rate, unlike the marketplace. Sharath wishes to impart to his students the strategies, abilities, and challenges he encountered while competing. In addition, the venture lists nutritionists and physiotherapists to give sportsmen the finest of everything.


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    Shenaz Haveliwala

    Occupation Founder of SoboConnect
    Current occupation Assistant Special Educator
    Award Outstanding person with epilepsy

    Shenaz Haveliwala - Founder of SoboConnect
    Shenaz Haveliwala – Founder of SoboConnect

    A 19-year-old girl was diagnosed with epilepsy in the first year of college and left her studies behind to focus on treating her epilepsy. During recuperation, she met patients from various states, age groups, and financial backgrounds, and each one had a story to tell. Eventually, she started volunteering after realizing that everyone goes through something, and epilepsy happened to her. She began collecting funds through social networking in 2009, which helped defray her treatment costs and covered other epilepsy patients’ costs as well. In the year that followed, she became a member of the Indian Epilepsy Association to help many people going through similar issues.

    In India, nearly 12 million people are victims of epilepsy. Still, one is there to provide employment opportunities to them, so she wants to earn independently as well as give jobs to epileptic people. She did her research on people working in a building with office space of matchbox size, and therefore, wanted to create a space for conferences or meetings that could be rented whenever needed and be budget-friendly. That’s when she started SoboConnect, establishing a 15-seater rent-by-day workspace to replace her father’s old warehouse that looks like an arbitration hall with projectors so that the meeting can be conducted effectively.

    Mohammed Gaddafi

    Occupation Co-founder Maa Ulaa bike taxi company
    Established In 2016
    Location Chennai

    Mohammed Gaddafi - Co-founder Maa Ulaa bike taxi company
    Mohammed Gaddafi – Co-founder Maa Ulaa bike taxi company

    The Maa Ulaa bike taxi company in India’s capital is the first service operated by people with disabilities, inspired and designed by Mohammed Gaddafi, who lost his legs at 19 years of age. Gaddafi derived the business idea from an amputated leg person, parking his government-provided tricycle and begging on a Chennai beach. When Gaddafi asked “Why?”, his response was “How can we lead better lives just because the government has provided bikes?”. Thus, Gaddafi decided to break ground by starting up a journey with the differently abled with his best friend Balaji. As a result, he intends to use the bicycles provided by the government of Tamil Nadu for disabled people for a good cause.

    Aditi Verma

    Occupation Founder of Aditi’s Corner
    Established In 2015
    Location Mumbai

    Aditi Verma - Founder of Aditi's Corner
    Aditi Verma – Founder of Aditi’s Corner

    There is no denying that individuals with down syndrome are changing the face of entertainment. One of them is Aditi Verma. Aditi’s mother learned that she had bronchitis in this manner when she was only 2 years and 6 months old and needed open-heart surgery. She became interested in cooking while attending a special education school, and at age 25 she launched her own cafe. Aditi’s Corner was the name of the cafe she opened, which she operated in addition to serving customers coffee and pastries. She received the Entrepreneur beyond Challenge Award from the Rotary Club of Mumbai in 2017, and despite having both physical and mental impairments, she went on to become a great achiever.


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    Simon George

    Occupation Founder of Specialcare Holidays
    Established In 2018
    Location Kerala

    Simon George, a 52-year-old engineering graduate from Kerala, has been paralyzed below the waist for more than 30 years. The wheelchair-bound man nevertheless founded SpecialCare Holidays in 2018, the country’s first travel company for people with impairments. The Kochi-based company provides excursions for those with disabilities, the elderly, the ill, and others who need extra care while on vacation. It provides services like lodging, contemporary tools, motorized wheelchairs, wheelchair-accessible transportation, knowledgeable tour guides, medical experts, nursing assistants, and sign language interpreters. Because of Simon’s efforts, the Kerala tourism administration has agreed to include “accessible tourism” as a specific service within its “responsible tourism” policy.

    Gunavathy Chandrasekharan

    Occupation In charge of Guna’s Quilling
    Established In 2013
    Location Chinnalapatti in Tamil Nadu
    Awards District and State awards

    Gunavathy Chandrasekharan - Owner Of Guna's Quilling
    Gunavathy Chandrasekharan – Owner Of Guna’s Quilling

    Gunavathy Chandrasekharan was primarily just one and a half years old when she was given the polio diagnosis. She lost much of the function in her legs and is presently unable to walk more than 20 feet without assistance. She is in charge of Guna’s Quilling, a company she founded in 2013. She uses the quilling process, in which paper strips are rolled, shaped, and glued to produce beautiful motifs, to create crafts. She sells her handmade products, which she and four other women helped produce, at markets across India and earns roughly Rs 80,000 from a single market. Gunavathy has won district and state awards in the art & craft category. To encourage Tamil Nadu children to strive for the things they are immensely passionate about, she often visits schools and institutions there.

    Pranav Desai

    Occupation Founder of VOSAP
    Established In 2015
    Awards NRI community award in Los Angeles, Corporate award

    Pranav Desai - Founder of VOSAP
    Pranav Desai – Founder of VOSAP 

    Pranav Desai, an Ahmedabad native, was four years old when he was diagnosed with polio, which left both of his legs paralyzed and required braces and a cane for him to move. Through the Voice of Specially Abled People, his organization, he decided to use his personal and professional expertise to empower those who are differently abled (VoSAP). In 2015, while working for the global conglomerate NTT Data, Pranav, an engineer, and MBA graduate, founded VoSAP. Thru openness, knowledge, and occupation, the international advocacy group—which has more than 3,000 volunteers—seeks to empower persons with disabilities.


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    Iftkhar Ali

    Occupation CEO Of ALIQAN Technologies
    Established In 2015
    Situated New Delhi

    Iftkhar Ali - CEO Of ALIQAN Technologies
    Iftkhar Ali – CEO Of ALIQAN Technologies

    Iftkhar Ali, an IIM Calcutta graduate, was given a polio diagnosis when he was just a year old. He is an Agra native who created the Delhi-based ALIQAN Technologies software and web development company. Before starting ALIQAN Technologies in 2015, he worked as a management consultant for HCL, TCS, and IMS India. He had also served as IMS India’s center operations head. A few of ALIQAN Technologies’ clients include HCL, Wipro, the Indian Air Force, the Shiv Nadar Foundation, Allizhealth, The Football Link, and Allizhealth. Iftikhar wants to expand operations in the services sector, launch two more product companies, and go into the educational sector.

    Sangita Desai

    Occupation Co-founder of Raw Nature Company
    Established In 2017
    Situated Mumbai, Maharashtra

    Sangita Desai - Co-founder of Raw Nature Company
    Sangita Desai – Co-founder of Raw Nature Company 

    Despite having Symbrachydactyly, a congenital disease involving limb abnormalities, Sangita has been a prosperous fashion designer for 25 years. While studying English literature at Sophia College, she fell in love with fashion, and in 1989 she enrolled in the American College of London to pursue a fashion degree. Sangita, who was born without any fingers, created outfits for the Vareli ad campaign for Aishwarya Rai in addition to working for Manpreet Brar, who qualified India for the Miss Universe competition, and Shweta Menon, Ms. Asia Pacific. However, in 2006, the Mumbai rains wrecked her studio, which led to a setback for her. Sangita joined her father’s essential oil company and sought to expand it significantly, refusing to let nature stand in the way of her ambition. The knowledge she acquired allowed her to launch the Raw Nature Company in Mumbai, which provides a variety of natural plant personal care products for both men and women. Her products are cruelty-free, vegan, and devoid of any synthetic dyes, fragrances, or other potentially harmful ingredients. Amazon, Flipkart, Nykaa, and other important offline retail firms are now selling Sangita’s items.


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    Shailesh Sheth

    Occupation Founder of Antarnaad
    Established In January 2015
    Situated Ahmedabad

    Shailesh Sheth - Founder of Antarnaad
    Shailesh Sheth – Founder of Antarnaad

    Shailesh Sheth, a mobility-impaired investor, founded the Antarnaad venture with the assistance of his group of physically disabled people and other young people. Prior to this, he worked for 15 years in the finance and commercial sectors. As part of the initiative, all types of disabled people must obtain training in economic empowerment. The Ahmedabad-based nonprofit supports people in Gujarat and the surrounding areas who have similar physical constraints in achieving their potential and living the lives they want.

    Conclusion

    The idea of entrepreneurship is currently the one that is most frequently discussed and pushed in the country as a way to address financial difficulties. Specially abled persons have demonstrated that their dreams and aspirations are unaffected by what others think or say about them. Even a disability can be overcome. And it is because of their talent and labor that have shaped who they are today.

  • Top 10 Biggest and Most Expensive Mistakes Entrepreneurs Make in Startups

    The road toward building and growing a startup is not a smooth one. One can always plan and prepare for every move in advance, but there will always be mistakes and hurdles along the way.

    We might think that a person running a big successful business knows absolute perfection of everything. But even the biggest entrepreneurs commit mistakes now and then.

    So, creating mistakes is always the part and parcel of any journey. However, sometimes, certain mistakes can be really expensive in startups and cause serious damage.

    Many popular entrepreneurs agree that they have made mistakes in their startups that proved to be super expensive for them in the future.

    Biggest and The Most Expensive Mistakes Entrepreneurs Make in Startups

    1. Not Hiring a Smart Team in the Early Stage
    2. Being Too Generous with Equity
    3. Getting Comfortable After the Success
    4. Being Cheap
    5. Trying to Force and Haste Things Up
    6. Getting into Partnership
    7. Trying Too Many Things at Once
    8. Stressing Over Bad Outcomes
    9. Having a Rigid Vision
    10. Getting Professional Branding in Early Stage

    Entrepreneurial Lessons From The Most Successful Entrepreneurs

    Biggest and The Most Expensive Mistakes Entrepreneurs Make in Startups

    Mistakes are not something that anyone makes on purpose, it just happens. It can be due to wrong decisions, judgment, or a move at the wrong time. Many entrepreneurs believe that the mistakes they made in their early startup stages turned out to be the biggest mistakes for them.

    Most Common and Biggest Mistakes Entrepreneurs Make in Startups
    The most common and biggest mistakes entrepreneurs make in startups

    Here are some of the most expensive mistakes entrepreneurs make in startups:

    Not Hiring a Smart Team in the Early Stage

    One of the biggest mistakes that entrepreneurs usually make in the early stages of their startups is not paying enough attention to great team building. Not hiring smarter people sooner in a startup hampers growth and progress of it.

    It is not just the goal that is important but the team that makes it happen. Entrepreneurs often get absorbed in their purpose that they forget to keep their eyes open for the smart talent. This simple mistake turns out to be really expensive with the time.

    Being Too Generous with Equity

    Another big mistake that a lot of entrepreneurs commit in a startup is that they sometimes become too generous with their equity. Equity is not something that can be taken for granted, rather it is an asset to be preserved. Many entrepreneurs admit that it was the biggest mistake they made in their early stages.

    So, instead of letting go of the equity in the employee equity pool, it is important to hold on to it for the right opportunities. Sam Parr, the founder of The Hustle, one of the most popular American media companies admitted that being generous with equity was the biggest mistake he made early on.

    Sam Parr - Biggest Mistakes Entrepreneurs Make
    Samm Parr

    Getting Comfortable After the Success

    A quite common mistake and is sure to be the biggest is getting comfortable after getting the success. When entrepreneurs get to savor the new success, they either get motivated or comfortable with it.

    Being comfortable might be good for a while but it turns out to be expensive in the long run. An entrepreneur might be able to generate a year’s money in a month and just get comfortable with it. But slowing down after that will only be an expensive mistake for the future of the startup.

    Being Cheap

    In the early stage of a startup, entrepreneurs tend to think that they can do everything on their own and save up money. Being cheap can be a huge mistake as it ultimately drops the quality of work and wastes the most precious thing that is time.

    So, instead of always saving up money, it is important for entrepreneurs to spend the money wisely to get some real help from skilled developers, designers, and more. Distributing the work within a skilled team ensures great quality of work and better money-making capacity.

    Trying to Force and Haste Things Up

    This is quite a common mistake that everyone tends to make. There is no doubt that the competition in the market is massive and to keep up with it, entrepreneurs sometimes try to force and rush things up. It may work for a while but in a long run it turns true to the statement, “Haste makes Waste”.

    This mistake’s result might not be visible immediately but it can lead to various hurdles along the way in the future. Doing the work quickly and forcefully can turn out to be one of the most expensive mistakes for any entrepreneur in a startup.


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    Getting into Partnership

    This is another mistake that entrepreneurs tend to make in startups. The road of entrepreneurship can be a lonely ride. So, to have a support system by their side, entrepreneurs bring in a new partner or co-founder without thinking much.

    It is always better to partner with people who are already known and trustworthy. Having someone unknown leads to conflicts, and there is always a lack of trust, which ultimately hampers the success of a startup. Many entrepreneurs believe this to be an expensive mistake made by them in their startups.

    Trying Too Many Things at Once

    Entrepreneurs are known for their multi-tasking skills. But in many cases, they admit that this is a mistake that can be quite expensive for a startup. Entrepreneurs try to cover too many things all at once. This prevents them from fully focusing on one particular goal.

    The most important thing is to always keep the main goal in mind and do things along the way. But when entrepreneurs start giving attention to too many things, they get distracted from the main goal, which makes for a really expensive mistake on their part.

    Stressing Over Bad Outcomes

    Another mistake that proves to be expensive for entrepreneurs in startups is when they stress too much over the bad outcomes. Many entrepreneurs believe this to be one of their biggest mistakes as it demoralizes them and ultimately leads to more negative outcomes.

    Everyone needs to understand, accept and learn from their mistakes rather than stressing over them for too long. Stressing too much creates distraction, and burnout, and can lead to some of the biggest mistakes in a startup. If Elon Musk had stressed the failure of his cyber truck, he would not have been able to stay at the top till now.

    Elon Musk Cyber Truck
    Elon Musk Cyber Truck

    Having a Rigid Vision

    One of the biggest mistakes that entrepreneurs make in startups is being too rigid with the vision. Entrepreneurship is a process of continuous learning. Having a vision is essential, but not being flexible about it along the way, makes for an expensive mistake in any startup.

    Running a startup is about continuous discussions, focus on new market trends, understanding users, taking in the feedback, and more. So, not validating the transitions and being rigid only leads to a dead end.


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    Getting Professional Branding in Early Stage

    Another biggest and most expensive mistake that some entrepreneurs make is indulging in professional branding even before the startup is ready for it. Creating a mark in the market with branding is important but spending too much on it in the early stage robs the entrepreneurs of the funds that are otherwise essential for the future.

    Getting into professional branding too soon can be a huge risk that might pay off well or just turn out to be a horrible and expensive mistake for an entrepreneur.

    Conclusion

    The journey of a startup is full of highs and lows. There are days full of celebration of success and there are days full of regrets too. No matter how perfect the team and systems are, there is always scope for some mistakes to happen along the way.

    The above-mentioned are some of the biggest and most expensive mistakes that entrepreneurs make in startups. One can always learn from these mistakes and try to avoid them as great entrepreneurs are not the ones who do not make mistakes every now and then but the ones who also learn how to deal with them.

    FAQ

    What are the expensive mistakes entrepreneurs make in the early stage of a startup?

    • Not building a smart team
    • Being too generous with equity
    • Trying to force things up
    • Trying too many things at once
    • Having a rigid vision
    • Getting into a partnership without thinking

    What are some biggest mistakes that startups make?

    • Obsessing over funding
    • Waiting too long to start
    • Losing focus
    • Forgetting the competition

    What mistake should small businesses avoid?

    Small businesses should avoid paying too much for the services.

    Do successful entrepreneurs make mistakes?

    Yes, even successful entrepreneurs make mistakes, sometimes out of too much excitement or simply out of the wrong ability to judge the outcome.