Tag: entrepreneur

  • Why CFO is Essential For Startups?

    Startup entrepreneurship is not a business for the faint-hearted. It is a roller-coaster ride of triumphs and disappointments. All this is navigated in an atmosphere of being absolutely boot strapped to being flushed with funds to managing cash flow till the next infusion.

    The founders are dependent on attracting sizeable funding for the success and realisation of their dream. Even the bootstrapped entrepreneurs look for funding within the first 3 years of operations to really create market leadership that can be protected.

    No wonder 90% of startup fail within the first four years of establishment. Founders need to be on their best to navigate this scenario which is further complicated by dynamic taxation, legal and regulatory environment.

    Only about one in 100 start-ups are invited to a conversation with a meaningful VC. This is dependent on a product offering that is on an ascendency, the marketing and public relations being visible and the market opportunity being large enough. A study of 885 institutional VCs at 681 firms by the National Bureau of Economic Research found VCs start with a pipeline of hundreds of potential opportunities and narrow those down to make a very small number of investments.

    Eventual funding with good valuation from these conversations is based on past performance, future projections, VC’s impression of founders’ capability to meet the management challenges in a scaled business, and the VC ability to guide and open doors. VC also have a keen eye for the other senior members of management team and specially on the person managing the financial affairs.

    An experienced finance professional who has been part of the core team for a longer tenure gives more confidence to investors – which is important for valuation. It is here that a talented CFO (chief financial officer) with multi-disciplinary experience becomes critical for the start-up.

    Siba Panda (Founder & CEO), Faustus Advisory

    When not guided by a good CFO the past performance numbers can suffer the weight of oversights and short-sighted decisions. A talented CFO will ensure that the founders run a well-oiled set-up with absolute control. Some of the issues that require the guidance of as CFO (and the CA is not enough) are:

    • Controlling of bad debts and outstanding debts
    • Contracts that are litigation free
    • Unit margins that are VC attractive
    • Management of suppliers and vendors
    • Buy vs lease decisions
    • Compliance with taxation rules
    • Director compensation and reporting
    • Well-structured employee and labour agreements for win-win
    • Ensuring employee stock-options that attract best talent at low equity cost

    Future projections need an understanding of core business on par with the founders and expert ability of leveraging financial planning tools which a good CFO will have. Future projections are critical in deciding the final valuation as they directly determine the money infused in this round and even future rounds of VC funding.


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    The Founders management ability in the face of scaled up business after funding is also reflected in how the cash flows has been managed in the past and projected for the future. How the past agreements have been structured, the tax compliance the litigations that could have been avoided, the decision-making process for taking business calls all feed into this evaluation. This is essential for determining that the founders will remain in the driving seat even after funding and a competent CFO is essential for this.

    Post funding the role of CFO in startup is further expanded as the VC expects financial reporting to be in line with their best practices. If the startup is not able to quickly adopt, due to not having a trusted CFO, then the VC suggests their recommended CFO. Such a CFO is likely to be more committed to the VC than the founders. Also, the CFOs remuneration may be very hand will become difficult to manage when stretching the funding before the nest infusion.

    Post funding period also requires careful monitoring of costs and ROI to keep them in line with the board’s expectation. The startup will have a serious commitment to the board for the first time as the VC is on it. They will require all statements to be backed with complete data and will also expect projections and explanations on any deviation. A good CFO ensures that the founders make reasonable commitments and are able to meet all commitments without having to take the eyes of the growth objectives.

    It is thus cost practical for startups to onboard a CFO right from inception even though the cost to company seems high in the early stage. The CFO also frees the founder to focus on business growth rather than managing financial and contractual headaches. One way to keep the CFO cost low is to outsource the CFO thus getting the best of both worlds.

    This article is authored by Siba Panda (Founder & CEO), Faustus Advisory.


    Marketing Ideas To Boost Sales During Diwali/ Tips To Boost Sales
    In order to make the most appropriate strategies for increasing sales during the festive season, we interacted with top executives from different companies across the country.


    FAQs

    What is CFO?

    A chief financial officer (CFO) is the senior executive responsible for managing the financial actions of a company.

    What is most important to a CFO?

    A CFO looks to contribute outside of the confines of the traditional CFO role, using financial analysis to support and challenge decision-making as well as involvement in the strategy. A business environment that enables this is important as well as one that offers the opportunity to undertake different challenges.

    What does the CFO do?

    The CFO’s duties include tracking cash flow and financial planning as well as analyzing the company’s financial strengths and weaknesses and proposing corrective actions.

    How to become CFO?

    The majority of CFOs will understandably have an educational background in finance, business, economics or management. A typical path would be a bachelors and masters degree in accounting or other finance-related studies, alongside the ACCA Qualification.

    What are the benefits of CFO?

    Benefits of having a CFO:-

    • Financial Reporting and Risk Management
    • Operational Efficiency
    • Strategy Development
    • Increased Profitability
    • Reduced Costs

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  • List of Top Startup Incubators & Accelerators in Silicon Valley

    A new idea is always really important to develop a company or startup. A new product or service is just a first step and is not the only resource you require on the long run for your company or the startup. It wouldn’t be viable for the long run.

    That is why Incubators and accelerators play a major role in helping you scale your business and making it a successful enterprise. Let’s look at some of the top incubators and accelerators in the Silicon Valley.

    Berkeley SkyDeck
    Edvenswa Tech
    Founder Institute
    Y Combinator
    Women’s Startup Lab
    500 Startups
    BetterLabs
    World Innovation Lab
    FAQ

    Berkeley SkyDeck

    Berkeley SkyDeck is an Startup accelerator located in Berkeley and they mainly focus on the startups from the sectors such as Software, Data and Robotics to provide funding. This was originally formed to accelerate the companies which were founded by entrepreneurs who were associated with UC Berkeley.

    Berkeley SkyDeck Website
    Berkeley SkyDeck Website

    Berkeley SkyDeck provides incubation services to any startup that is affiliated with the Colleges under the University of California. They mainly work with startups that are at an early stage and supports their growth by providing investment rounds, social media marketing, etc. They provide programs which include workshops, networking events, showcase events and many more.

    Some of the major companies they work with are Concha Labs, DevSpace, Hayden AI and many more.

    Edvenswa Tech

    Edvenswa Tech is located in San Jose and they mainly focus on the startups from the sectors such as Software and Artificial Intelligence to provide funding. They work with both small-scale companies as well as well established companies. Edvenswa Tech focuses on providing technological solutions and corporate acceleration services to the companies.

    Edvenswa Tech website
    Edvenswa Tech website

    Edvenswa Tech also provides support and assistance to companies with projects such as mobile application development, UI/UX design, cloud and DevOps integration and many more.

    Some of the major companies they work with are PayPal, Berkeley Haas, March of Dimes, United States Cold Storage and many more.


    Bootstrapped SaaS Startups and Tips for Bootstrapping your Startup
    The concept of bootstrapping a business is nothing new. The term originates fromthe concept of “pulling yourself up by your own”. In the business world, theterm generally refers to: “Financing and growing your business without the needfor external assistance in the form of capital investment.” …


    Founder Institute

    Founder Institute is located in Palo Alto and they mainly focus on the Global Startups to provide funding. Founder Institute was found in the year 2009 at Stanford University. It is considered to be the world’s biggest pre-seed startup incubator and accelerator.

    Founder Institute Website
    Founder Institute Website

    Founder Institute provide support and feedback programmes to early-stage startups and their entrepreneurs. They also help them to expand their businesses and help them connecting with a network of startup experts to generate funds.

    Some of the major companies the Founder Institute works with are Udemy, PetHub, Pathgather, Ceres Robotics and many more.

    Y Combinator

    Y Combinator is located in Mountain View and they mainly focus on the Startups and Global Ventures to provide funding. Y Combinator has a unique model for funding startups. Their startup funding programme is similar to a residency programme.

    Y combinator Website
    Y combinator Website

    They invest small amounts on money in the startups twice in a year to a large number of national startup companies. Once they invest in a particular company, they move them to the Silicon Valley, where they later provide them with an intensive coaching programme to prepare the companies for demo and investor pitches.

    Some of the major companies the Y Combinator works with are Stripe, Airbnb, Reddit, Instacart, Dropbox and many more.


    Startups Funded by the Facebook Accelerator Program
    The Startup Ecosystem has evolved dramatically through the previous couple ofdecades, and entrepreneurs across the globe are striving hard to come up withinnovative and actionable ideas. When individuals or groups bring forth a planwith a roadmap and a vision to change the conventional system, th…


    Women’s Startup Lab

    Women’s Startup Lab is located in Menlo Park and they mainly focus on the Women-owned businesses to provide funding. They focus particularly on the women’s contributions towards the technological industry. Women’s Startup Lab provides acceleration and incubation services to the startups and ventures that are led by women entrepreneurs.

    Women's Startup Lab Website
    Women’s Startup Lab Website

    Some of the major companies the Women’s Startup Lab works with are Razzberry, Pandia Health, BabyQuip, Mihuru and many more.

    500 Startups

    500 Startups is located in San Francisco and they mainly focus on Global Startups and Ventures to provide funding. They are a global venture capital firm and they focus on boosting early-stage startups and help them establish themselves as valuable companies by providing them development services.

    500 Startups Website
    500 Startups Website

    They assist startups and entrepreneurs by providing support in fundraising techniques, digital marketing, customer retention, etc. They host educational events and conferences where they connect the startups with potential investors and partners.

    Some of the major companies the 500 Startups work with are CreditKarma, Justo, Talkdesk, Digital Group, ZipMatch, Tranqui and many more.


    Importance Of Work Culture In The Success Of A Startup
    Startup culture is a key element of most corporate organizations. Startupculture has received a lot of attention in the recent times, which is because itplays a vital role in improving the overall experience at work and some areseamlessly integrating work into their life. By defining their startu…


    BetterLabs

    BetterLabs is located in Santa Clara and they mainly focus of Global Startups to provide funding. They provide resources to early-stage startups by encouraging product launch and rapid growth development at low investment rates.

    Better Labs Website
    Better Labs Website

    Some of the major companies BetterLabs work with are Khatabook, Inito, Rodeo, WorkAppsChat, Skill Lync, Interview Mocha, Cradlewise and many more.

    World Innovation Lab

    World Innovation Lab is located in Palo Alto and they mainly focus on Consumer and Enterprise technology to provide funding. They are located in Tokyo as well. They position themselves as a Global Startup ecosystem.

    World Innovation Lab provides resources and support for early-stage startups and lets them use the resources like mentorship and capital to help them grow and set themselves as well established firms. Their incubation and acceleration model consists of direct investments, workshops, mentorship programs, pitch contests, etc.

    Some of the major companies World Innovation Lab works with are Twitter, HubSpot, Fortinet, RingCentral, DocuSign and many more.

    FAQ

    What does a startup accelerator do?

    A tech startup accelerator is an organization created by experienced tech entrepreneurs to help early-stage tech companies develop their product, hone their business model, and most importantly connect with investors.

    What is the difference between an incubator and an accelerator?

    Accelerators accelerate growth of an existing company, while incubators incubate disruptive ideas with the hope of building out a business model and company. So, accelerators focus on scaling a business while incubators are often more focused on innovation.

    How do incubators make money?

    An incubator is a non profit that receives grants and will traditionally make money by charging their resident companies rent. They do offer lower interest loans but given the average success rate of startups, that is not that profitable for them.

    Conclusion

    Incubators and Accelerators always play a major role in the process of the growth and development of the startups. The startup ecosystem has been increasing worldwide and we can see much more startups coming up in the future.

  • How Introverts Can Be Great Leaders? | Introverts Being Introverts

    Imagine Introverts, then a perfect image of a boy or a girl sitting in a corner, just self-involved in themselves, are formed. But when it comes to leadership, people would say that “Man, it isn’t a joke. How could an introvert lead us?” This myth has pervaded the world for far too long: introverts aren’t cut out to be leaders. There are real-life introverted leaders examples out there that show introverts can be great leaders such as “Bill Gates”, “Mark Zuckerberg”, and many more.

    Human beings are social by nature, and so we associate strong leadership qualities with people who are more extroverted. Besides being confident and engaged, extroverts are also highly competent at bringing people together, and their good judgment is always on display. But if you think introverts aren’t equally good–and, in some ways, better–leaders and managers, you’ve been sorely misled.

    “If you’re clever, you can learn to get the benefits of being an introvert.” – Bill Gates

    There are some character traits that define introverts and extroverts as two different personalities, and there’s no such deciding factor like who can be the best leader from either.

    Extroverts Vs. Introverts
    How Introverts Can Be Great Leaders?

    Extroverts Vs. Introverts

    Extroverts vs Introverts
    Extroverts vs Introverts

    Extroverts Introverts
    Recharge by being social Recharge by spending time alone
    Enjoy group conversations Enjoy one-to-one conversations
    Have more friends but the bonds are less strong Have fewer friends but with strong bonds
    Speak More Listen More
    Love getting attention Not interested in attention
    Get distracted easily Deep focus for a long time
    Get energy from interaction in the outside world Get energy from inside themselves
    Real-world is the outer world of people and things Real-world is the inner world of ideas, understanding, and meaning
    Think out loud, make decisions quickly Mentally rehearse, before speaking up, and take time to decide
    Learn by doing, understand life after they have lived it Learn by observing, live life only when they understand it

    The fact that being an introvert doesn’t mean you’re a loser or socially-awkward but, it just means you need to be alone when others need to be with people.

    Why we need introverted leaders | TEDXBend | Angela Hucles

    Leadership is about solving problems and making decisions. You don’t need to be the life of a business party to do either one.

    Nobody is a pure introvert or extrovert (most are in-between, or “ambiverts”). But in general, it is estimated that 33%-50% of the population skews introverted. Introverts are just as adept at leading, and in some ways, they have an advantage over their extroverted counterparts. Here are some of the myriad leadership characteristics of introverts that are often overlooked.

    How introverts can be great leaders?
    How introverts can be great leaders?

    How Introverts Can Be Great Leaders?

    1. Motivated By Productivity, Not Ambition

    The myth that prevailed is that they are not as motivated to succeed as more socially-driven people seem to be. But truth to this misconception is, that they’re simply motivated by different factors, and they measure success by different metrics. The introverted brain is wired differently in which its reward systems are triggered by different stimuli. Instead of recognition and professional advancement, an introverted leader gains more satisfaction from maintaining the team’s productivity and high-quality work.

    2. Listen When Others Speak And People Listen When They Speak

    The ability to pay attention to what others are saying is one of the key attributes of a good leader. The introvert quietly observes the group, listens to every person’s contribution, and will only speak when they have something meaningful to say.

    But, an extrovert will speak out loud which is making them the centre of attraction. To speak funnily, there is a difference of thought-cloud, in extroverts, it comes out of the mouth while in introverts it first comes in mind.

    It is said that silence is powerful. Since introverts take long to contribute to a discussion when they eventually talk, their speech is so powerful that it impacts significantly on people and this affords them a positive perception. This is mainly because their contributions are always thoroughly thought out and well developed hence valuable to the group.


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    3. Introverts Are Humble

    Humility is not a quality you will find in many leaders. But it is what has pushed many introverts up the chain of authority. It helps them in managing people and makes them want to serve other people no matter their level. Generally, it is observed that a team works more effectively if the leader treats everyone with love and is humble to everyone. It builds a great team that is an asset to the company.

    When you are humble, you can welcome new ideas and different suggestions without feeling threatened. They advocate for leaders to assist their team in achieving their goals too. Humility enables introverts to succeed in business and life because they can acknowledge mistakes and accept limitations.

    4. Introverts Make Meaningful Connections

    I don’t know how much it makes sense but people with a lesser group of people they tend to make more meaningful connections. And all I can think of is that introverts carry this pro point in their bag if compared to extroverts. Extroverts are known for being social and associate quickly with any person in a conference room. On the other hand, introverts can be mistakenly judged to be disconnected from other people or just unable to make personal connections.

    This is not true. It is just not easy for them to establish any relationship. Instead, they focus on quality and productivity, thus rendering the process of making connections slow but meaningful. They will take time to open up to someone. But once they do, they establish deep relationships that are always personally and professionally rewarding.

    5. Introverts Are Problem-Solver

    Problem-solving is the crux of all good leadership, and according to research, introverts typically have thicker grey matter in the prefrontal cortex, which is the area of the brain where abstract thinking and decision making happens. One of the key traits also reflexes to this is that in spite of getting distracted easily they tend to solve the problem more thoroughly.

    And because quality work is always the goal for introverts, they don’t settle for mediocrity. For example, an introverted leader will be less likely to approve a project if other team members have objections or misgivings. The best leaders aren’t always the loudest and most noticeable ones, and the idea that introverts can’t make the cut is a dangerously misleading one.

    When faced with a problem, an introvert will persist until they get a solution. After all, the ability to solve problems is a bonus trait for any entrepreneur.


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    6. Introverts Make Decisions With Certainty

    Let’s just doing it and making sure to do it, are like two poles on a rod a task. Sometimes extroverts would try to just do it, but that doesn’t go well when you’re in a business field. By making sure of I, doesn’t mean that they are afraid of taking risks, but it means when they take a chance, they would want to be sure of the right approach to do so. Introverts don’t jump to conclusions.

    They do not make decisions with hast. They take their time. They think about an idea thoroughly, weigh every option and angle before they act. Great leaders are great decision-makers. It is this ability to contemplate that propels introverts to high heights.

    7. Introverts Are Good communicators

    It’s easy to misinterpret an introvert’s internal processing as disinterest. But in reality, most introverts are just methodical thinkers. They speak less, doesn’t mean that they are bad at it, but before coming to a conclusion they think before they speak. And, I think that’s a great job to do it before you’re actually thinking to lead someone. Introverted brain-mind works in a manner that they spend a lot of time going over scenarios in their head before actually saying or doing something.

    This way of communicating can actually be beneficial in a leadership capacity. Research has shown that introverts use more concrete, precise language when describing things. They may take longer to contribute, but when they do speak up, they make sure their contributions are well-developed and valuable.

    In the business world, some of the most successful founders, inventors, investors, and technologists are introverts, including the likes of Bill Gates, Warren Buffett, and Mark Zuckerberg. And you know what, that’s a lot of billionaires and I think introverts can do well what society of presumed of them. But introverts have unique personality traits that can empower them to be exceptional leaders if properly leveraged.

    How can Introverts make great leaders?
    How can Introverts make great leaders?

    It is not a must for you to be the loudest and highly social person to make a good leader. An introvert’s ability to think before you act can be the strength that lands you a leadership role. Introverts are as good as an extrovert, if not better. Your personal strengths are the key to making a great leader.

    If you are an introvert, do not try too hard to be an extrovert. Just be yourself and rely on your strengths.

    FAQs

    What is an introvert person?

    An introvert is a person with qualities of a personality type known as introversion, which means that they feel more comfortable focusing on their inner thoughts and ideas, rather than what’s happening externally. They enjoy spending time with just one or two people, rather than large groups or crowds.

    Do introverts make great leaders?

    Introverts are uniquely suited to navigate situations that extroverts can’t, and that quiet leadership is often critical to a company’s long-term success. Introverts are just as adept at leading, and in some ways, they have an advantage over their extroverted counterparts.

    Why is mark Zuckerberg a good leader?

    Zuckerberg is considered a leader with intellectual ability because he has built one of the largest and successful global social networks by being a college dropout. Passion: Zuckerberg is very passionate about what he does and has always been fascinated by computers and connecting people.

    Can introverts be leaders?

    Yes, Introverts can be leaders.

    What are the advantages of being an introvert?

    Advantages of introverted leaders:-

    • They’re good listeners
    • They think before they speak
    • They’re observant
    • They make quality friends

    Why introverts are better leaders than extroverts?

    Introverts are more likely to think things over, consider how their words will affect others, and only then speak out. Introverts are better listeners introverts are better leaders than extroverts.


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  • What is Amazon Mentor Programme and How Startups and Entrepreneurs can benefit from it

    Amazon.com Inc is an American based multinational technology company. It was founded in the year 1994. The company is located in Washington. It focuses on e-commerce, cloud computing, artificial intelligence and digital streaming. It is one of the big five companies in the U.S IT industry.

    Amazon is one of the largest e-commerce companies in India. Let’s look at the below article to understand the new Amazon’s Mentor Programme and the benefit from it.

    Amazon Mentor Connect Programme
    Aim of the Amazon Mentor Connect programme
    What will the Mentor Connect Programme Offer
    FAQ

    Amazon Mentor Connect Programme

    On 11 April 2021, Amazon India had announced the launch of its Mentor Connect programme. The aim of the Mentor connect programme is to accelerate the growth of startups in the country. It also focuses on accelerating the growth of the emerging brand owners as well.

    The brand owners and the emerging startups will have to enroll under the Amazon Launchpad initiative. The Amazon Mentor Connect programme will not just be limited to the startups and the emerging brands. It will also be extended to the winners of the entrepreneurship challenge which is hosted by Amazon called as Amazon Sambhav Summit.

    The second edition of the entrepreneurship challenge Amazon Sambhav is said to be hosted from 15 April 2021 to 18 April 2021.


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    Aim of the Amazon Mentor Connect programme

    The aim of the Amazon Mentor Connect programme is to create a system to support and help the startups. It aims at helping startups in unlocking their potential by providing them with proper guidance and mentorship. This will help them in scaling their business, avoiding blind spots, to learn from the experienced industry leaders, etc.

    The programme will focus on opening new doors and will help the startups in identifying and unlocking infinite possibilities which will increase the possibilities for a Digital India said Amazon India director Pranav Bhasin who has experience in the MSME sector and Selling Partner Experience.

    He also added on saying that India has a large Startup ecosystem which is the key to disruptive innovation. This ecosystem is expected to accelerate India’s progress towards an Atmanirbhar Bharat.

    Pranav Bhasin has said that most of the startups are led by first time entrepreneurs who are driven by the passion to drive a change in the market. But most of them have no much experience to deal with the challenges and hardships they have to face along the way.

     Amazon India Director, Pranav Bhasin said.
    Amazon India Director, Pranav Bhasin 

    Prayag Mohanty who is the Senior Vice President at Fireside Ventures said that the company has been looking to understand the grassroots level challenges, identifying trends and trying different ways to solve the problems that are faced by the emerging brands and startups.

    He also added on saying that other than that Venture Capital’s like them are always looking for opportunities in order to meet the new and upcoming brands.


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    What will the Mentor Connect Programme Offer

    The programme will offer startups and emerging brands to gain access to the guidance from Venture Capitalists, industry experts and Amazon leaders. The startups and emerging brands will get a chance to know the expert knowledge by sharing sessions, networking events and 1:1 mentorship sessions.

    Amazon has already confirmed that mentors from educational institutions and VC firms like Fireside Ventures, Elevation Capital, Tomorrow Capital and DSG Consumer Partners for contributing to the Indian startup ecosystem.

    The startups and emerging brands can get a chance to access guidance from all these mentors through various other ways. This would include one-to-one mentorship with chosen mentors for over a period of three months.

    The members of the programme will also get networking opportunities with a wider range of industry experts and can even have knowledge sharing sessions between these experts and other Launchpad brands.

    The platform also offers the startup operators to showcase their startups, engage and learn with the Industry’s leading expert in their respective subject matters and also helps them in tackling strategic and functional challenges.

    The Amazon launchpad has currently showcased over 2 lakh products which are offered by more than 800 brands that are emerging from across 30 different product categories. The popular sectors that are showcased by these brands include health and personal care, grocery and home products, beauty and grooming, etc.


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    FAQ

    What are the four stages of mentoring?

    Successful mentoring go through four phases, preparation, negotiating, enabling growth, and closure.

    How long should a mentorship program last?

    The minimum amount of time a mentoring relationship or program must last is 6 months but there is no maximum.

    What are some examples of mentoring goals?

    Leadership skills, Confidence skills, Public speaking/presentation skills, and Life/work balance are some examples of mentoring goals.

    Conclusion

    Amazon’s mentor programme will be a great initiative for the company to grow and develop the startup ecosystem in the country. It will be one of the best platforms for the startups and emerging brands to get the exposure they require to develop their startup.

  • 13 Psychological Traits Of Successful Entrepreneurs

    Mental Approach Towards Becoming A Successful Entrepreneur
    Instead of seeking, start creating for a better future
    List of 13 Psychological Traits For An Entrepreneur
    FAQ’s
    Conclusion

    Mental Approach Towards Becoming A Successful Entrepreneur

    Young minds are full of energy and adventures and it’s said that the youngsters are the mirror of economic growth. According to a survey, around 1 billion aspirants seek employment opportunities every year and only one-third of the aspirants get their desired job. This brings us to concentrate on the hot-button topic of the unemployment issue that’s spread across the globe. Unemployment is not just a problem for the developing countries but also a huge pain in the neck for economically powerful nations. Ensuring a regular flow of employment opportunities for citizens is a challenge. While different agencies and governments collaborate to solve this issue, embracing the psychology of a successful entrepreneur can help to a great extent.

    Instead of seeking, start creating for a better future

    Around 90% of the graduates after finishing their college degrees start searching for job opportunities in big enterprises; they end up standing in a queue that already has a long waiting list. A change in mindset is needed if we want to create more job opportunities as there is no possible way for already running organizations to accommodate every aspirant. It’s time to take control of the situation and start building successful startups backed by strong, psychological entrepreneurial traits.

    It is not a difficult task to become your boss. With the right mindset and focus, nothing is impossible to achieve. Have the right mental approach and you can nail anything.

    “When one door of happiness closes, another opens, but often we look so long at the closed door that we do not see the one that has been opened for us.”
    Helen Keller

    The mindset of a successful entrepreneur has the following 13 psychological traits.

    List of 13 Psychological Traits For An Entrepreneur

    Successful Entrepreneurs Mindset

    1. Dream Big in Small Input

    This is the most important quality for becoming a successful entrepreneur. People should always dream and use their energy to turn them into reality. If you dream to be Bill Gates, you can become Bill Gates. It’s doesn’t matter what resources you have, just dream big and gather your resources accordingly. Your psychological thoughts and behavior transform your entrepreneurial journey.

    2. Delegate the Work to Others

    It’s not important to do everything on your own and having someone with you to share your workload and dreams is good. Delegation of tasks gives mental relaxation which in turn doubles your output. Distributing and sharing the workload with others helps to achieve your goal and it brings self-confidence within the team. This trait is considered essential for becoming a great entrepreneur. Don’t micromanage!

    3. Set High Standard Goals and Deliver

    Always set goals higher than your expectations and put all your energy into it to achieve it. If you get an order to complete a task under a short timeline, don’t panic, but accept the order. Pushing your limits gives you an idea about your limits and your ability to work. One who can perform under pressure is the true professional.  Entrepreneurs cannot refrain from working under pressure and often need to push beyond their limits to become successful.

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    Everyone knows that being an entrepreneur [/tag/entrepreneurs/]is not easy. But,everyone thinks of becoming one with their “One in a million” idea. Everyonethinks that “this is something no one has ever done”. Everyone has a uniquebusiness idea, but there are very, very few people who really give…

    4. Take a Practical Approach

    Never underestimate your business. Be practical because you have bills to pay and mouths to feed. So always be ready with a plan B. Build alternate sources of income that can sustain you until the business takes off. Use your different talents because you never know which one would open the success window in your life. Steve jobs worked with numerous companies before finding the kick in Apple. So keep on moving until and unless you obtain the correct roadmap for your entrepreneurship journey.

    5. Map it out

    Before making any big investment, map out the project’s blueprint and cover every possible point within the strategy. All aspects of the startup plan should be discussed prior and the pro and cons of the venture ought to be laid down clearly.

    6. Treat and Raise your Business like a Child

    When your child is growing, you love and nourish them to the fullest. But once they enter into adulthood, you set them free to explore the world. Treat your business in the same way. Put everything in your business when it’s growing but when the time to sell it to someone else is right, don’t think twice. Don’t stick to it because you love it, and remember there is no place for sentiments in the world of entrepreneurship.

    “Your ability to attract, evaluate, and forge strong working relationships with co-founders, early employees, and investors often mean the difference between failure and success.”
    Clara Shih, Co-founder of Hearsay Systems

    Management Strategies for Entrepreneurs for Health Flourishment of Business
    Management strategies and time is the essence of success. These are the key tosuccess. Also, as we know, “time and tide wait for none so make sure you fullyuse all your time and the opportunities coming for you. Considering it astangible or intangible is entirely one’s personal opinion, but when …

    7. Fear Equals Downfall

    Never let your fears impact your life decisions. Rule your fears and bend them according to your will. The person who lets fear take over his life will never be able to survive in this world of opportunities since every opportunity is attached to the fear of risk. Empower and overcome fear to become an entrepreneur.

    8. Gratitude is your Attitude

    It’s doesn’t matter how successful your venture is or how much money you made this year. A successful person should always stay humble and grounded. A person’s attitude should be full of gratitude, and one should never forget his roots since success is temporary and behavior is permanent. Always remember who you are and where you came from. Gratitude should be your attitude and is an important component of your entrepreneurial skillset.

    “Don’t get distracted. Never tell yourself that you need to be the biggest brand in the whole world. Start by working on what you need at the present moment and then what you need to do tomorrow. So, set yourself manageable targets.”
    Jas Bagniewski, Co-Founder of Eve Sleep

    9. Get Investors

    The number one rule of the business is never use your own money. Always find investors who are willing to work with you and churn profits out of their investment, for you as well as them.

    List of Best Books for Entrepreneurs in 2020
    Books are distinct from visceral forms of entertainment for various reasons.They can be a game-changer, often for the greater good. Entrepreneurs must readbooks [https://www.selfdevelopmentsecrets.com/how-to-get-into-reading/] whichare enriched with words of wisdom put forth by experienced entrep…

    10. Never Lose Composure

    There comes a time when you can’t help but lose your temper completely. Though it’s normal, you need to minimize such occurrences. Keep calm! Business and anger are like nitrogen and hydrogen, never mix them.

    11. Have Fun

    Enjoy your work and don’t treat it as a burden. If you start to think of it as a burden and drudge to work, then one day it will become difficult for you to continue.

    12. Fall Every Day

    Don’t be afraid to fall. If you do, wake up with renewed energy the next day and be ready to fall again. In the end, failures will succumb to you.

    “A person who never made a mistake never tried anything new.”
    — Albert Einstein

    13. Stay Creative

    An entrepreneur is no less than an artist and always stays inspired. You should nurture and improve creativity through different methods like drawing, music, reading, walking, etc.

    Inspiring Quotes By Indian Entrepreneurs [2021 Exhaustive List]
    Sachin Bansal | Inspiring Indian Quotes”Rules of Hiring #1: If there is doubt,there is no doubt. Rules of Hiring #2: Always hire people who are smarter thanyou.”-Sachin Bansal, Founder of Flipkart ——————————————————————————– Shashank ND | In…

    FAQ’s

    What are the mindset and characteristics of an entrepreneur?

    The entrepreneurial mindset is unique in that one must be creative, communicative, and highly motivated to succeed, yet open to risk and failure. Oftentimes the success or failure of a business comes down to the characteristics of the entrepreneur.

    How to Develop an Entrepreneurial Mindset?

    1. Set clear goals.
    2. Practice being decisive.
    3. Redefine failure.
    4. Face your fears.
    5. Remain curious.

    Why is an entrepreneurial mindset important?

    Having an entrepreneurial mindset helps you to quickly identify problems and provide a timely solution. You’re not one to sit around and wait, you have a strong intuition, and if want something you’ll go get it. Having this mindset means you know the importance of keeping moving forward even when difficult.

    What is entrepreneur-thinking?

    Entrepreneurial thinking is the ability to see things differently than the rest of the world but, it is not necessarily an inherent trait and can be easily developed or improved. It is more like a state of mind that opens your eyes to new learning opportunities and helps you grow in your role.

    Why is mindset so important?

    Your mindset plays a critical role in how you cope with life’s challenges. In school, a growth mindset can contribute to greater achievement and increased effort. When facing a problem such as trying to find a new job, people with growth mindsets show greater resilience.

    What is critical thinking in entrepreneurship?

    Critical thinking is closely related to problem-solving, but it goes beyond that. As critical thinkers, entrepreneurs don’t merely solve problems. They solve problems in the best way. Critical thinkers formulate several potential solutions to a problem and consider them all before deciding on the best one.

    Conclusion

    The journey of a successful entrepreneur’s mindset has different stops. Some of these stops have been explained in this post so that the young generation can think differently. The new generation needs to think outside the box to achieve its dreams. The need is to map out the future in advance to excel. Inspiring entrepreneurs need to incorporate the above-mentioned traits in their way of functioning.

  • Startups That Are Funded By Katrina Kaif

    From the past few years, Bollywood stars have been trying to do different things to give their career a whole new direction. According to Nasscom report, India is now the third largest startup ecosystem in the world with more than 50 unicorns by 2021. Which is why in the recent years the number startups or ventures funded by well-known Bollywood celebrities have increased.

    Bollywood celebs like Alia Bhatt, Suniel Shetty, Shilpa Shetty Kundra, Anushka Sharma, Madhuri Dixit Nene, Katrina Kaif, Deepika Padukone, Aishwarya Rai Bachchan and Sonu Sood have become investors or angel investors, while some have also started their own venture by becoming entrepreneurs.

    This includes Katrina Kaif who is a British actress that predominantly works in Hindi Cinema. She is one of the highest paid actress in India and is known for her Box office hits like Namastey London, Zindegi Na Milegi Dobara, Bang Bang, Tiger Zinda Hai, Raajneti, etc.

    Besides acting Katrina is also involved with her mother’s charity and participates in many stage shows. The actress has recently funded in the e-commerce startup Nykaa and has also started her own makeup brand known as Kay beauty.

    Nykaa
    Kay Beauty
    Frequently Asked Questions


    Bollywood Heroines – Multimillion Celebrity Investors in Indian Startup
    Ever since PM Modi made the Make in India an official announcement. It became aproject that would help to boost India’s startup economy. It received supportfrom many from the nation as well as from people and companies all over theworld. Not only did people invest but large corporations too inves…


    Nykaa

    Nykaa is an Indian Online shopping site that sells cosmetics and skincare/beauty products. The company was founded by Falguni Nayar and is the number 1 online marketplace for beauty and wellness products in India. Nykaa has its headquarters in Mumbai, Maharashtra and was established in 2012.

    The company also received an investment of Rs 100 crore from Steadview Capital in May, 2020 and has grown into a unicorn company with the help of many such investments.

    Nykaa is currently present in over 70 stores in India including products from from luxury brands like Tom Ford, Jo Malone London, Dior and Givenchy among others.

    The main competitors of Nykaa in India are companies like Amazon Fashion, Flipkart Fashion and Myntra. The website currently has over 5 million monthly active users and handles more than 1.5 million order per month. Nykaa is known to have huge portfolio of more than 1,500 brands with a range of 1.3 lakh products available on all its platforms like website, app and stores.

    Katrina Kaif with Falguni Nayar, the founder of Nykaa
    Katrina Kaif with Falguni Nayar, the founder of Nykaa

    Nykaa also offers a wide variety of beauty and grooming products for men, the website also includes Nykaa Pro which caters to their customers with beauty needs and special offers. They also have their own in-house beauty products known as Nykaa beauty which makes cosmetics for lips, eyes, face and nails among other skin body care range. The company also raised Rs 100 Crore from TPG Growth which is an American private equity firm in April 2019.

    Katrina Kaif launched her make up brand Kay Beauty in 2019 and went on to invest an undisclosed amount in Nykaa through a secondary transaction. When asked about why she choose to invest in Nykaa, the actress replied by saying that she was familiar with growth of the company’s equity and market leadership and so becoming an investor was a logical step to do.

    She also added that Nykaa has opened new avenues for women to explore and celebrate their own unique idea of beauty. Falguni Nayar the CEO of Nykaa, also commented that she admires Katrina’s work ethic and understanding of beauty products.


    Vanity Wagon—Platform To Buy Natural and Organic Beauty Products
    The love for organic beauty and personal care products[/ras-luxury-oils-essential-oils-success-story/] is increasing in India. Withpeople becoming aware of the long term damage that chemical containing beautyproducts can cause, the demand for organic and natural products is increasinglike never …


    The Venture started by Katrina Kaif

    Kay Beauty

    Kay Beauty is an Indian Cosmetic Brand that was founded by Katrina Kaif, this beauty line is available on the Nykaa’s website and its retail stores. Nykaa currently has two types of store which are Nykaa On trend and Nykaa Luxe.

    Kay beauty is divided three sections which are Kolor, Kover, Kare. The Kolor represents the color cosmetics with eyes, Lips and Nails, while Kover and Kare includes face products with nourishing ingredients. The brand has 48 different pieces of makeup products for eyes and lips just from Kolor Category.

    #ItsKayToBeYou Campaign

    These products are affordable and are priced at Rs. 249 to Rs. 799. Kay Beauty is India’s first celebrity brand. According to Katrina it has been a long journey and a lot of work for creating the brand the way she wanted it to be. The actress is involved in making decisions from the quality of the products to the textures of the company’s first campaign and photo shoot for the brand.

    The Kay Beauty brand was created by Katrina because she is passionate about makeup, understood the art of makeup and gained knowledge about it through her experience of being a model and actor. Which is why the actress know exactly what to convey to consumers when it comes to Kay Beauty.

    The company manufactures products that are said to be high-performance and long lasting while caring for ones skin at the same time. Commenting on her vision for the brand Katrina added that Kay beauty is not just another brand endorsement, but her own brand that truly represents who she is.

    The Kay Beauty is good at marketing its products and has come up with many interesting hashtags such as the #MakeupThatKares and #ItsKayToBeYou, through which the brand talks about the gap that the brand fulfils by providing a makeup collection that has care ingredients to nourish the skin.


    Indian Cricket Legends with their Investment in Startups | StartupTalky
    Startups are a hard cookie to bite in. But for these Indian cricket players, itis just another pitch to show their talent. With the kind of dedication,practice, passion, and talent they have achieved the best in both the fieldsnamely sports and business [/tag/business-2/]. Indian cricket team pla…


    Nykaa’s partnership with Kay Beauty

    Kay beauty has also recently made a partnership with Nykaa, after which the company gave the Kay beauty team full freedom to create and market the brand.

    Katrina partners with nykaa because Nykaa’s team has knowledge on creating unique formulations, educating the consumer and bringing the best beauty trends in the market. What Nykaa also has is a strong network of online distribution and stores all across India which will help the brand reach to top tier cities.

    During the launch of Kay Beauty, Falguni Nayar, founder and CEO Nykaa added,

    “The launch of Kay Beauty is a proud moment for Nykaa too because it is the country’s first celebrity beauty brand. I have always admired Katrina’s independent spirit and was also inspired by her vision to create this unique collection. Over the past two years, Katrina and the team have worked relentlessly with passion and dedication to bring this vision to life.”

    Katrina also mentioned that this partnership has all the ingredients she is looking for, as Nykaa has all information in business, distribution and technical side of things which is very necessary while starting a brand.


    List of Angel Investors in Delhi [With Contact]
    Angel investors are sometimes marked as Private investors or Seed Funders.Though known by different names, their main aim is to invest in startups or newventures, thereby helping them to grow and create a presence in this dynamicenvironment. If you are looking to get an insight about Angel Invest…


    Frequently Asked Questions

    Who is Katrina Kaif?

    Katrina Kaif is a British actress that predominantly works in Hindi Cinema and is one of the highest paid actress in India.

    Which startup did Katrina Kaif fund?

    Katrina Kaif has invested an undisclosed amount in omnichannel lifestyle retailer Nykaa in October 2020.

    What is Nykaa?

    Nykaa is an Indian online shopping site that sells cosmetics and skincare/beauty products.

    What is the makeup brand of Katrina Kaif?

    Katrina Kaif has launched her own cosmetic brand Kay beauty in partnership with Nykaa.

    What is the net worth of Katrina Kaif?

    The net worth of Katrina Kaif is estimated to be around $6 million.

  • Why Alibaba might be Fined $1 Billion by China

    Alibaba Group was founded on 28 June 1999. It is known as Alibaba Group Holding Limited and also as Alibaba.com. It is a multi-national company which is based in Zhejiang, China. Alibaba group specializes in e-commerce, technology, retail, and the internet.

    Alibaba is one of the world’s largest e-commerce and retail companies. It was also rated as the fifth largest Artificial Intelligence company in the world in 2020. Jack Ma is the founder of the company. The company has around 117,000 employees as of 31 March 2020.

    The company’s name was derived from the character Alibaba from the middle-eastern story, One thousand and one nights. The name signifies that the company is Universal.

    The company is considered one of the 10 most valuable corporations. Alibaba group is named as the world’s 31st largest public limited company according to the Forbes 2000 2020 list.  As of 2020, the company has the sixth-highest global brand valuation. The company owns and operates different organizations in different business sectors across the globe.

    Alibaba group has been facing certain legal actions from the Chinese government. The company is being criticized and the company is asked to pay around $1 billion as a fine to the regulators. Let’s look at the reason behind it.

    Reasons Why Alibaba might be Fined?
    What Jack Ma said about Alibaba being fined?
    Consequences of the Fine
    FAQ

    Reasons Why Alibaba might be Fined?

    Alibaba Group has already faced legal actions in the past. Alibaba Group had forced their e-commerce sellers to pick any one platform. They have stopped their merchants to list themselves on other platforms which are against the rule of the Chinese Government.

    Alibaba is said to have alleged the anti-competitive practices by the 2008 antimonopoly law. It is said that the company had acquired its competitors without getting approvals from the government. The company had declared themselves that the acquired companies were not their competitors.

    In addition to this Alibaba group’s founder, Jack Ma’s business empire is being investigated by the Chinese Government as he had spoken against the Chinese regulatory system in October 2020.


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    What Jack Ma said about Alibaba being fined?

    Jack Ma said that good inventions will be able to exist with regulations but they wouldn’t exist with old-fashioned regulations. He gave an example saying that one cannot manage an airport the same way they manage a train station. He told that in the same way, we won’t be able to manage our future the way we manage the past. This was a statement made for the regulations laid down by the Chinese Government.

    He also spoke about the financial system of China saying that they should develop and depend more on credit system development. He said that they should move away from the pawnshop mentality within the financial industry.

    Annual revenue of Alibaba Group
    Annual revenue of Alibaba Group

    Changes in FDI Norms: Harm to investors from China or to Unicorn Startups Of India?
    The government of India brought in a lot of changes in the FDI norms. This wasdone keeping in mind the nation’s condition amidst the global pandemic. The mainaim was to prevent foreign companies from opportunistic take overs of Indianfirms. The recent investments made their point on curbing Chi…


    Consequences of the Fine

    China’s state administration has asked Alibaba group to pay an amount of $1.3 billion. The fine was implied for breaking the 2008 anti-monopoly law. This is the maximum fine collected under the law.

    The Alibaba Group was fined for investing an amount of $692 million in Intime during the year 2014 and for bidding an amount of $2.6 billion in 2017 for privatizing Intime.

    This will be the highest fine ever paid by a corporate in the history of China. Alibaba group has also been asked to cancel its association with the company’s founder Jack Ma. The regulators have told that if they fail to disassociate with their founder the company will have to face actions.

    They will have to pay the fine only if they don’t follow the rules of the Chinese government. Also do not end the policy where they force the merchants to sell only on their platform. The company is also been asked to withdraw its investments from some businesses. The regulators want the company to remove non-core businesses from its core retail operations.

    Ant Financials which is a subsidiary of Alibaba group has been claimed as a risk for the Chinese Financial system. The company was asked to undergo certain changes which are said to affect their business model.

    Alibaba Group had to temporarily stop the IPO plans of Ant financials due to the allegations. The authorities of Beijing stopped the IPO issue of Ant financials which was supposed to be for $37 billion.

    FAQ

    How much does Jack Ma earn per second?

    Jack Ma earns $0.32 per second and $1,141.55 per hour.

    What percent of Alibaba does Jack Ma own?

    Jack Ma owns 8% of Alibaba group.

    Who is the richest person in China?

    Jack Ma is the richest person in China with a net worth of 48.2 billion as of July, 2020.

    Conclusion

    Mr. Ye Han, a partner at Beijing-based law firm Merits & Tree told that the message was clear. The companies are supposed to seek approvals from the government for such deals in the country. He is a person who has a specialization in anti-trust, mergers, and acquisitions.

    Alibaba Group has said that they would actively corporate with the regulators regarding the case and their business operations would remain normal during that time.

    The regulators took strict actions against the company after the founder Jack Ma’s speech during the Bund Summit in October. He spoke about the countries strict regulations and the over dominance over the banking industry. This has led the Chinese regulators to take strict actions against the company.

  • Manan Shah: Indian Millionaire Ethical Hacker

    Manan Shah is an Ethical Hacker, Author and Indian entrepreneur. He founded an online cyber security company, Avalance Global Solutions and serves as its Chief Executive Officer (CEO). It is an Information Technology externalizing venture entangled with securing government and enterprise digital setups. He was recognized among the top 100 Security Researcher by the Microsoft. He also has a personal blog where he shares his journey and experiences like the lessons learned, mistakes made and large gains. Moreover, he has authored several books based on cyber security, ethical hacking and web defense. As of 2020, he has a net worth of $ 2,000,000.

    Manan Shah-Biography
    Manan Shah- Personal Life
    Manan Shah- Education
    Manan Shah- Professional Life
    Manan Shah- Success story
    Manan Shah- Avalance Global Solutions
    Manan Shah- Net Worth
    Manan Shah- Honors & Awards

    Manan Shah-Biography

    Name Manan Shah
    Born 19 August, 1993
    Birthplace Vadodara, Gujarat, India
    Age 27 (2020)
    Nationality Indian
    Current City Mumbai, India
    Profession Entrepreneur, Ethical Hacker, Author
    Position Founder & CEO, Avalance Global Solutions
    Net worth $ 2,000,000 (2020)
    Books Facebook Hacking; Gmail Hacking

    Manan Shah- Personal Life

    Manan was raised in Vadodara, Gujarat. At age 12, he was gifted a computer by his parents. He started taking interest in hacking after reading a newspaper article based on the subject. Today, he successfully runs his IT outsourcing venture and his personal blog (http://mananshah.in).

    He is passionate about traveling, playing video games and conducting webinars. Moreover, he has been invited as a speaker at platforms including, TEDx and Infosec.

    Manan Shah- Education

    Manan dropped out of school and faced the chagrin of his parents for academic challenges. He hated going to school and doing homework. He did not believed in the formal education structure in school. His parents and teachers rebuked him for not being a meritorious student. However, he managed to pursue some courses related to computer security and programming despite lacking formal education.

    In 2019, he pursued some certified courses based on technology. He holds a certificate in Cyber101x: cyberware, surveillance and security from University of Adelaide. He did a certified course in cyber security: managing risk in the information age from Harvard Business School Online. He received a certification from MIT Professional Education for studying cyber security: technology, application and policy.


    India- Third most affected country due to cyber attacks.
    Firstly we need to understand that what a cyber-attack is- A cyber-attack can bedefined as the malicious activity or planned attempt by any organization or anindividual to steal or corrupt the information of the system of anotherorganization or individual. Cybercriminals or hackers generally use …


    Manan Shah- Professional Life

    At age 16, Manan started his website rtwincustomize.net where he used to write OS based tweaks & tricks, tips, tutorials, which attracted many readers. This eventually encouraged him to write a book.

    At age 16, he authored a book based on email hacking, which made him the youngest author to be published by Amazon. He further wrote more books after the establishment of his IT venture, Avalance Global Solutions. He is a first-generation entrepreneur who founded such a company that offers business services and consulting.

    Before launching Avalance, at age 21, he helped in solving cybercrime cases for some biggest MNCs in the world including, Yahoo!, Twitter, Facebook, Nokia, Blackberry, PayPal, Skype, Apple, Google, Microsoft.

    He spoke at several seminars including schools and colleges in India. He prefers to do a limited number of keynote speaking associations and business investments every year. He has also worked for government agencies and corporations to foolproof their system against terrorists attacks. Moreover, he is now working on securing Digital India’s Smart City concept proposed by the Indian government.


    Growth and Evolution of Hacking Industry
    They’re smart. They know their code. They got the ardor to get into your system.The strengths and the backdoors, they know it all. Yes, we’re talking about thebrilliant minded, cyber thrill seekers called Hackers. The term hacking, meansto gain unauthorised access in someone’s computer or private…


    Manan Shah- Success story

    Manan dealt a tough life while pursuing his formal education at school. He frequently failed in many subjects and had a curious liking towards computer science. He spent most of his time in watching online videos related to programming languages, hacking, cyber security etc.

    Media often use him as an example of how one can raise a successful IT industry on the basis of their empirical knowledge without earning any university degrees. He worked on equipping himself with hacking tools and was determined to do something on his own.

    He recently spent 7 sleepless nights with an aim to get a fix for the WanaCrypt Ransomware. He is diligently fascinated with technology insights. Also, while attending various seminars as a Speaker, he primarily discusses on the discovery of computer and network security vulnerabilities along with telecommunication and satellite systems.

    Manan and his team have helped Gujarat and Rajasthan Police, MS University, Amul in more than 15 cases of fraud detection, social media, account recovery, forensics, e-mail hacking & encryption. He also fixed bugs reported in the systems of MIT and Harvard.


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    If one considers the late nineties and early years of 21stcentury, one giantruled the internet segment—Yahoo!. Be it search engine, online tabloid, financereports, or anything else, Yahoo! was the go-to solution for online needs, apowerful mega web services provider. While the brand may not be as…


    Manan Shah- Avalance Global Solutions

    Manan founded the Vadodara based company, Avalance Global Solutions in October 2015. The company has its geographical presence in Mumbai, Vadodara, New York, and Dubai. He serves as the Founder, Director and CEO at his cyber security company.

    His company is an innovative information security, trusted by Fortune 500 companies including the foremost enterprises and governments around the world. His venture regales to more than 100 customers worldwide across different verticals.

    Manan Shah- Net Worth

    The Net Worth of Manan Shah is speculated to be around $2 Million as of 2020.



    Manan Shah- Honors & Awards

    Awards won in the year 2020 Organization
    Startup of the year Globee awards
    Startup of the year Golden Bridge Awards
    Startup of the year One Planet Awards
    Great workplace of the year Pillar Awards
    Milestone of the year Sales and Service Awards
    Hottest Young Entrepreneur BW Businessworld
    CTO of the year IT World Awards USA
    Outstanding Information Security Company BW Business World & OsAs
    Entrepreneur of the year Entrepreneur Magazine
    Company of the year IT World Awards USA
    Technology Provider of the year Entrepreneur Magazine
    National Youth Day Award Bharat Seva Samvad

    Frequently Asked Questions – FAQs

    Who is Manan Shah?

    Manan Shah is an Ethical Hacker, Author and Indian entrepreneur. He is also the CEO of Avalance Global Solutions.

    Who is the CEO of Avalance Global Solutions?

    Manan Shah is the CEO of Avalance Global Solutions.

    What is Manan Shah Net worth?

    The Net Worth of Manan Shah is speculated to be around $2 Million as of 2020.

    How old is Manan Shah?

    As of 2021, Manan Shah is 28 years old. He was born on 19th August, 1993.

  • Entrepreneurial Quotes And Life Hacks Of Elon Musk

    Elon Reeve Musk is a technology enthusiastic entrepreneur, using his sharp and clever mind in technological investment, and engineering. Elon Musk is trying to save the world by recreating and innovating every industry he has come across with, be it media and finance to transportation and energy.

    He is the Founder, CEO, CTO and Lead Designer of SpaceX and also the product architect of Tesla Inc. He also has other ventures and has a net worth of $171.6 Billion and is the third richest person in the world right now. Musk is one of the most admired people, especially for his creative and innovative skills.

    Life Lessons by Elon Musk
    Top Entrepreneurial Quotes by Elon Musk
    Some small tips from Elon Musk’s speeches at various university
    Elon Musk’s work formula

    Life Lessons by Elon Musk

    Elon Musk
    Elon Musk

    1. Hardwork is the key to success

    Work harder than the average people. Don’t work 100, but 150 percent, which will give you the edge over all the people. Hard work always pays and working hard more than the other humans, will be always beneficial.

    2. Work with smarter guys

    “Show me your friends and I’ll show you your future.” This quote works well while hiring people. If you hire one smart guy instead of 3 normal guys. In that case, one guy working for 1 hour is better than two guys working 6 hours and also saves man-power. It is a mistake to hire huge numbers of people to get a complicated job done. As number will never compensate for talent, getting the right answer will tend to slow down progress, and will make the task incredibly expensive. The personality of a person also matters along with the talent the person has and these two traits go hand in hand.

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    3. Professionalism in business

    Don’t always be nice to people. In business, be as direct as possible. Give higher priority to goals than money. Have a higher goal in life rather than focusing on making money. The money will be the outcome of the higher goals. Know as many details as you can know of your work, to be an expert in your field.

    4. Believe on your decisions

    If something is important enough and there are odds against it, against you, you still have to pursue it. Persistence is very important. You should not give up, unless you are forced by your mind to give up.

    5. Clear vision

    If one has a vision and is continuously working on the idea, then Nothing is impossible. Life is too short for long-term grudges. Know what motivates you. Keeping your eye on the ball is key. The key to success and to fulfill your dreams is having clear vision.

    Elon Musk: Space X | Tesla Motors – Biography
    This figure needs no introduction. The man with the citizenship of South Africa,Canada, and the United States, the entrepreneur is without second thoughts themost talked about man in the tech industry now. There’s nothing that this mancan achieve. At 47, he has achieved almost everything one can …

    6. Listen to your instincts

    Follow your guts. Listening to one’s instincts is natural to everyone but we usually tend to curb down our natural thoughts owing to external response and stimuli. Don’t do it. Follow what your inner mind says and block out all the external thoughts. It is never too late to find out what one loves and pursue it as a dream.

    7. Learn from your failure

    Learn from your failures and keep going. Learn from your mistakes. See what went wrong and what is stopping you from getting the desired results. Work on it and keep moving. Everyone follows the heard, try to break-free of the heard and challenge the norms. The one who breaks the mediocrity are the ones who become successful in life and everyone follows them. Don’t be afraid of new arenas. Always consider failure as an option and keep hustling.

    8. Be like water

    Always have a adaptive nature and be comfortable with the change. No one knows what challenges might come in future. Successful people knows how to adapt to any situation and they continue pushing themselves to reach their goals. No matter what comes in the way, embrace it, and try to solve the problem instead of complaining about it.

    9. Improve the Product, not the marketing

    The bigger a company gets, the more it spends on marketing, and in some cases, their marketing budgets surpass the budget of any other aspect of their business. This means that you are investing more in improving promotion than in improving the quality of your product. Focus on improving the product. The word-of-mouth will do the marketing for you.

    10. Work consistently

    Consistency is the key. It’s matters a lot and takes time. In order to be consistent, you have to maintain positive behavior and perform day after day, until you get what you desire. If you get what you desire, then celebrate for a while. The prizes are not an excuse to take rest. There’s nothing wrong with taking some time to celebrate and enjoy your successes. But yeah, don’t celebrate too much and get derailed from your goal.

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    Top Entrepreneurial Quotes by Elon Musk

    “You get paid in direct proportion to the difficulty of problems you solve”

    “Failure is an option here. If things are not failing, you are not innovating enough.”

    “Persistence is very important. You should not give up unless you are forced to give up.”

    “I don’t think it’s a good idea to plan to sell a company.”

    “People work better when they know what the goal is and why. It is important that people look forward to coming to work in the morning and enjoy working.”

    “Starting and growing a business is as much about the innovation, drive, and determination of the people behind it as the product they sell.”

    “When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.”

    “You have to say, ‘Well, why did it succeed where others did not?’”

    “As much as possible, avoid hiring MBAs. MBA programs don’t teach people how to create companies.”

    “Don’t delude yourself into thinking something’s working when it’s not, or you’re gonna get fixated on a bad solution.”

    “I say something, and then it usually happens. Maybe not on schedule, but it usually happens.”

    “If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.”

    “I don’t spend my time pontificating about high-concept things; I spend my time solving engineering and manufacturing problems.”

    “People should pursue what they’re passionate about. That will make them happier than pretty much anything else.”

    “Failure is an option here. If things are not failing, you are not innovating enough.”

    “Being an entrepreneur is like eating glass and staring into the abyss of death.”

    “Really pay attention to negative feedback and solicit it, particularly from friends. … Hardly anyone does that, and it’s incredibly helpful.”

    “You want to have a future where you’re expecting things to be better, not one where you’re expecting things to be worse.”

    “Brand is just a perception, and perception will match reality over time.”

    Some small tips from Elon Musk’s speeches at various university

    • Work super hard.
    • Attract great people.
    • Focus on the things that actually make a difference.
    • Don’t just follow the trend.
    • Take risks.
    • Focus on signal vs noise.
    • Work with the best possible people.
    • Work hard, and work very smart.

    Elon Musk’s work formula

    1. Practice managing cortisol

    The second aspect of this is that when you are with friends, your body gets a rush of serotonin whereas when you are at work, your body gets a rush of cortisol. To adapt biologically to achieve anything that has to do with ~ 16 hours of work per day, one has to embrace a very good response about cortisol rush.

    2. Look to the solution

    No matter what the situation is, you have to look at the situation from the point of view of an problem, and deriving an solution. And this is a hard but possible way to do it.

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    3. Calibrate each task

    Learn to get more efficient at embracing stress. To do this, “calibrate each task”. Think about a simple situation: You head out of your home to catch a flight, and you are stuck in traffic. Your stress level increases very quickly. If you were to calibrate this and say – no matter what the traffic conditions are, no matter what the weather is – the journey to the airport from my home takes ~ 35 mins. Then if you take ~ 55 minutes in hands and travel accordingly you cannot be stressed out.

    4. Do not stress

    Most efficient people do not stress about a problem. They just identify it quickly, plan a good solution, and work on the solution. Their stress level remains low enough, and therefore they are able to make this a habit.

    Rules of success of Elon Musk

    5. Do not let others get stressed out

    When one person in the team panics, many others panic. It is very important to keep a very cool temperament when stressful situations arise. If a soccer team coordinates well, while keeping a cool temperament, they can win a match with one fewer player. But if one player demoralizes the whole team, they can  never win a match.

  • Everything Entrepreneurs need to know about Union Budget 2021-22

    The recent news about the Union Budget 2021-22 is everywhere. And it seems that everyone is quite happy with this year’s union budget. Announced by Smt. Nirmala Sitharaman on Monday, Union Budget talks a lot about entrepreneurship. Lets have a deeper look at what is it that entrepreneurs are focusing on in the Union Budget 2021.

    Latest News – Union Budget Live Updates

    1 February 2021 – In parliament today, Smt Nirmala Sitharaman, Minister for the Union’s Finance & Corporate Affairs, introduced Union Budget 2021–22, which was the first budget of this new decade and during COVID-19 crisis unparalleled. She mentioned that this is an example of 130 crore Indian people who believe in their ability and skills in a vision for AatmaNirbhar Bharat.

    Union Budget Key Highlights

    • Citizens above 75 years who only have pension income are exempt from ITR.
    • INR 35,000 Crore for Covid-19 Vaccine
    • INR 35,54 Lakh Crore towards Capital Expenditure in FY22
    • Aim to complete 11,000 km of National Highway Infrastructure
    • INR 1.10 Lakh Crore outlay for Railways, of which INR 1.7 Lakh Crore is for Capital expenditure
    • Startup tax holidays extended to 31 March 2022, by one year
    • INR 2,217 Crore for 42 urban centres to tackle problems of Air Pollution
    • INR 3.05 Lakh Crore outlay for power sector
    • Infusion of INR 20,000 Crore for Public Sector Bank
    • Definition of small companies to be revised by raising capital base to INR 2 Crore from current limit of INR 50 Lakh
    • INR 18,000 Crore scheme to increase public transport in urban areas
    • INR 1,500 Crore for promoting digital mode of payment
    • Jal Jeevan Mission gets outlay of INR 2.87 Lakh Crore

    Union Budget 2020: Post Budget Quotes
    Honorable Finance Minister, Nirmala Sitharaman presented Union Budget on 1st
    February 2020 in the Parliament. The Union Budget 2020-21 unveiled a series of
    far-reaching reforms, aimed at energizing the Indian economy through a
    combination of short-term, medium-term, and long term measures. The Unio…


    What is Union Budget?

    The annual Union budget, also known as the annual financial statement, is a statement according to Article 112 of the Indian Constitution of the year of projected government revenue and expenses for that specific year. For the financial year from 1st April to 31st March, the Union budget maintains the government’s record of finances. Capital and the income fund for the Union Budget are classified.

    The tax budget includes income collections and spending from the state. Two forms of income receipts are provided: tax and non-tax income. Revenue spending is the expense of the government’s day-to-day activity and of the numerous facilities given to residents. The budget for capital covers government capital receipts and transfers.

    Government Capital Receipts
    Government Capital Receipts 

    Indian Union Budget 2021-22

    In her third budget speech, Finance Minister Nirmala Sitharaman announced several steps to improve start-up and MSME ecosystems, which aimed to accelerate changes in the gameplay to boost growth back in the pre-Covid period and to harness Covid-driven digital winds. The budget proposes an expansion of the eligibility to demand tax vacations for start-ups and an investment capital gains exemption in start-ups until 31 March 2022 to stimulate funds to stimulate start-up investments in the region.


    What Startup Community Feels about Union Budget 2019
    The 89th Union Budget presented by Finance Minister Nirmala Sitharaman, on 5th
    July 2019, as expected has brought several remarkable provisions for the Indian
    startup ecosystem. One of the most important moves is that of easing out the
    much debated ‘angel tax’. She also proposed a system of e- verif…


    FM Sitharaman suggested amending the concept of budgetary SMEs by rising pay-out capital rates of Rs 50 lakh to Rs 2 crore and Rs 2 crore to Rs 20 crore. The drive for digital payments and the launch of a fintech center reveals the seriousness of the government in digitalizing banking. We hope Indian banks in cooperation with the thriving Fintech ecosystem can take up the feelings and digitize their processes.

    Expected GDP Growth
    Expected GDP Growth

    Another big problem of the economy is widespread unemployment. As Minister of finance, Mrs. Nirmala Sitharaman is planning to announce her first budget, a positive economic boost, and meaningful action to generate more jobs are desperately required.

    Union Budget – Effect on GST

    The Finance Minister proposed to review over 400 archaic exemptions this year. It will be conducted through extensive consultations and a revised customs duty structure free of distortions will be in place from October 1. The tax audit limit has been raised from INR 5 crore to INR 10 crore turnover for those having less than 5% cash transactions, which means more businesses will be able to run freely.

    What is special about the union budget 2021?

    Higher Education Board
    Higher Education Board 
    • In order to improve open higher education in Ladakh, the Central University will be built in Leh.
    • The residential schools in tribal areas will be designed in 750 Eklavya styles. From Rs 20 crore to Rs 38 crore, the expense for each school will be increased. This is increased to Rs 48 crore for hilly regions.
    • The post-matric bursary system will be updated for the benefit of four crore Scheduled Caste students. Rs 35,219 crore is being invested for 6 years, that is, until 2025-26.
    • A program introduced in 2016 will be amended by the National Apprentice Training Programme to improve apprenticeship options for young people.
    • Apprenticeship Act will cover Rs 3,000 crore, which will provide engineering and diploma graduates with post-education instruction.

    Everything Entrepreneur should know about the Union budget 2021

    It is projected that 40 percent of the Indian tech startups have to cease operations by the National Software and Service Corporations Association (Nasscom). However, many have seen immense relief in order to conquer the chances that even rise exponentially and are ready for more progress.

    Will power of Entrepreneurs
    Will power of Entrepreneurs 

    Some of them have also entered the Unicorn League, including Unacademy, Nykaa, Postman, Razorpay, and Cars 24. Others such as Nocca, MyLab, Bione, and Redcliffe Life Sciences have been better transferred into biotech, education, and medicine.

    • Eliminate all types of tax (direct and indirect) from any startup business founded in India until it earns Rs 500 crore, or 12 years earlier.
    • Finance Minister extended tax holidays for start-ups by another year, which would give the start-ups a much-needed post-pandemic boost. This ensures that by another year after 31 March 2022, start-ups will be exempted from all capital gains. You will also be entitled to demand tax holidays for another year.
    • Enable investments without burdening questions to withdraw failed start-up investment.
    • The Minister of the Department of Finance proposed a plan to change the 1938 Insurance Act by raising the FDI from 49% to 74% for insurers. This will encourage insurance providers to have international ownership and influence in the country with some assurances. This is a promising move that will give the InsurTech startups growth impetus.
    • Incentivizing involves drawing up and rising the existing insignificance of domestic support. One option will be to reduce long-term equity capital returns to 10 percent, which would be equal to global buyers.

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    of jobs for lakhs of migrant workers during the lockdown, a scheme by the name
    of ‘Garib Kalyan Rozgar Abhiyan’ or ‘Rural Job Scheme’ was launched by the
    Honourable Prime Minister of India, Narendra Modi in the district o…


    MSMES & STARTUPS

    • 15,700 crore rupees for the MSME market, more than double what they were.
    • Encourage one person company (OPC) incorporation to improve startups.
    • By raising the capital base to rupees 2 crore out of rupees 50 lakh, the concept of small companies shall be amended.
    • Startup tax holidays extended to 31 March 2022, by one year

    Conclusion

    This was a short Union Budget analysis done by the team and the rest is up for interpretation. The budgets are to further enhance Sankalp First, Doubling Farmer’s income, Solid Infrastructure, Stable India, Good Governance, Youth Opportunities, Education for All, Empowering Women, Inclusive Growth. Make in India a plan to divest two more PSBs and an insurance firm and a host of infrastructure promises to polling-bound states included a number of major announcements. The fiscal surplus is 9.5% of GDP, and in 2021-22 it is forecast at 6.8%. Slabs stay where they are for personal income tax.


    Everything an Entrepreneur need to know about Budget 2019
    Tax
    1.Within 2 years, Tax assessment will be done electronically – The government
    announced that within the next 2 years, they do all the verifications and
    assessments of returns electronically. They will use anonymised back offices
    which will be manned by tax experts and officials without any pers…


    FAQ

    What do you mean by Union Budget?

    The Union budget is an annual report comprising government receipts and expenses for a fiscal year starting April 1, 2015, to March 31, 2011.

    When Union Budget is presented?

    On February 1, Union Finance Minister Nirmala Sitharaman introduced the Union Budget 2021 and revised Rs 34.50 lakh crore for FY 2021.

    What is Union Budget and Interim Budget?

    The interim budget is a budget proposed immediately before the general elections by the central Government. The Union budget is an annual budget submitted to Parliament by the Central Government.

    What are the 3 types of Budgets?

    The 3 types of Budgets are Union Budget, Interim Budget and Central Budget

    Who prepares Union Budget?

    The Union Budget is prepared by the Budget Division of Department of Economic Affairs (DEA).

    Who presented the general Budget in the parliament?

    The Finance Minister presents the budget in the parliament.