The article is contributed by Mr. Dhiresh, (Co-Founder & C.E.O.), Neem Tree Agro Solutions.
The fresh wave of Startups and young Entrepreneurs has started in India, which has resulted in the average age of Entrepreneurs in India to keep reducing by every passing day. Youngsters have stepped up for these initiatives with sheer will and confidence. Therefore, the enthusiasm may be high but industry experience is nearly non-existent. This makes managing legal compliance a strenuous task to carry out.
Startup word is usually more related to freshly churned out ideas and innovative discoveries and less towards legal bindings, security and proper documentation. Due to lack of resources or maybe just deficiency of proper knowledge, they tend to skip the legal compliance issues. Ideal model should be framed in such a way that it compliments the entire process keeping the legal compliance as the premise, because the lack of it confines you and causes scaling issues, which isn’t good for any startup that is looking to grow and expand exponentially.
On the other hand, even after learning about proper legal compliance techniques it is tough to maintain regulatory compliance such as reporting the GST and seed licensing returns, which prove to be too expensive for a startup. Furthermore, as India is a Union of States, compliance varies from state to state, particularly in the agriculture industry, which is a subject of state government rather than the Union government.
One of the first things that comes to mind is that you need to get yourself a lawyer in case something goes south, one needs to consider the monetary license which one has access to. Due to likely issues with money it is sensible to look at certain online facilities available which helps startups get through initial blues, they can be vague and generic but might help you in gaining some knowledge alongside with a different perspective.
Certain skills, such as verifying the term sheet, are perfected over time. Legal compliances also play a huge role during the fundraising process. So, the first and most important step is to keep your documentation and paperwork in order if you are looking for funding. You should follow all legal rules and regulations set forth by the government and stay up to date with them.
Lack of human resources is a very pertinent problem among all the newly emerged startups, due to which they often lack in getting things updated, but you need to keep in mind that you should cover all the moral, ethical and legal grounds. Knowing your obligations as an employer, such as adhering with all necessary labor laws, is a crucial part of beginning a business. This involves obeying salary payment, provident fund, and gratuity rules, as well as workplace sexual harassment, maternity benefits, and other policies. If your company is registered with the Startup India programme, you can sign a self-declaration and be exempted from inspection for the first year from the date of incorporation or partnership registration for some laws.
Internal legal agreement is also an essential part of the legal compliances. It is an arrangement if there are more than one founder, and if somebody decides to leave or join, they should do it in a complete legal manner which is in full agreement of the other founders. Another agreement that plays an important role is the Intellectual property agreement. This agreement should include confidentiality responsibilities for the company’s information, as well as a current assignment to the company of any intellectual property that the person has developed or may develop in the future (while working with the company).
The lack of proper licensing can also lead to difficulty in running your Startup. As stated earlier, each state may have its own set of licenses and even different industries adhere to different rules set by the state governments or government declared regulatory committees, such as, Import-Export laws, FDI Policy, SEBI/RBI regulations, etc.
Approval of financial accounts, declaration of dividends, appointment of auditors, and other special business agendas are on the AGM’s regular business agenda. The AGM must be held in the jurisdiction of the company’s registered office. The first annual general meeting (AGM) must be convened within nine months of the end of the first financial year. In the event of a subsequent AGM, it must be convened within six months of the financial year’s end. Every year, there shall be one AGM, with a maximum gap of 15 months between two AGMs.
Ignoring these difficulties can impede your fundraising efforts, and certain litigations may be brought against your company. When someone invests in your vision, he will look to see how solid your legal foundation is. Your balance sheets must be kept up to date, and your transactions must be clean and traceable. Since resources are limited, it is not an easy task but if you work on it properly, the rest of the process will go smoothly.
Startup India has taken several noteworthy steps to make the startup process easier. Under the several schemes introduced by the government, it can be seen that they want the number of startups to go up and want the youth to come up with exciting ideas. This shift that is being carried out will result in increased employment, better economy, people becoming independent and many other positive effects. On the other hand, the government needs to work more to reduce the legalities that exclusively apply to startups. This will be a big relief for new startups, as well as a motivator for others.
This article is contributed by multiple Startup founders from different fields.
It is very likely that in your entrepreneurial journey, you will find a need for a mentor and somehow will get yourself one as well. They will guide you, advise you, cheer you, inspire you, and will give you confidence when you are in dire need of some. Apart from all these benefits, there are other benefits of having a mentor as well.
In this article, we will talk about how having a mentor really helps us. Some of the successful entrepreneurs shared their views on this topic. Let’s take a look.
Manav Shah | Founder, Eduvacancy
Personally, my mentor helps me in maintaining a work-life balance. I have learned the concept of not burning out from my mentor. It is extremely critical to take small breaks and explore life. This really helps me personally as it allows me time to think and retrospect in general about various critical decisions I have made in the past and the ones I need to make. Also, the idea of taking time off and analysing situations is something that my mentor has taught me. My mentor has taught me the importance to devote time to any sports or physical activity, which in turn has led to a more focused and productive daily output for me.
While professionally, my mentor has been a pillar of strength for me. He guides and helps me in making challenging decisions. More importantly, he has taught me the value of evaluating every decision I make. Through the concept evaluation, I measure and track the number of accurate decisions I make. This helps me to understand what worked for my startup and what dint. He helps me in setting the right culture in my organization. If you want to achieve the scale, it is extremely important to set the right culture. An important aspect my mentor continuously teaches me is to respect and accept every idea.
Kunal Ahirwar | CEO & Co-Founder, Earnvestt Technologies
Tanul and Kruti have been pivotal in our growth as a team, our company, and our personal growth for each and every one of us. They have given us a thought process, a methodology for building and tracking our progress. They have given us important interventions and helped us correct course whenever needed.
Utkarsh Gupta | Managing Director, Ramagya Mart
A mentor is not a teacher but a guide and is present with me at every business decision juncture involving resources. Resource today means time, money, and people. My mentor is like a listening wall to me; a sounding board that has a talking back ability with data, rationale, and logic.
Someone that can point the positives and negatives, be strong enough to tell you this will work and this won’t. It is someone who is in a position to tell you with facts and figures if what you are doing will act like a boomerang. It is someone that tells you let’s do it; we are in it to win it. I am blessed to have a mentor that makes everything look so effortless and easy. Due to such mentoring, I am at peace personally and professionally.
Neha Indoria | Co-Founder, Boingg!
Professionally, speaking to folks who have experience in a specific field of business/ have faced similar problems in a different business helps one get ideas to navigate the problem & find creative solutions. Personally, it’s just a great motivating factor. When overwhelmed with a problem, being able to talk to someone who tells you that they have been there and seen similar problems elsewhere, and tells you that you are not alone and that this too shall pass.
As we bring our whole selves to work every day, the lines between professional and personally, get blurred sometimes. In personal lives, one chooses to seek out the ones who know us deeply. Usually the teachers or professors from student lives. Professionally also, the investors also keep you real. They call you out when something is not right and at the same time, they are also the wind beneath a founder’s wings. They also add great value in connecting you with the right people, helping you build a roadmap and provide a safe sounding board. Also considering that there are Gen-Z in the workforce who bring a completely different mindset, reverse mentoring can also help massively. I reach out to the youngsters in the organisation from time to time.
Ritesh Ujjwal | CEO & Co-Founder, Kofluence
Mentors contribute in multiple ways and it can be contextual or acting as sounding board or to help clarify the thoughts. The sample case in point is let’s say, you’ve successfully travelled a journey from 0 to 1 and you need guidance to get from 1 to 10. Mentors who have chartered the path (Need not be from the same industry) will be instrumental in helping understand the big picture, provide guidance on approach and key levers along with risks.
Conclusion
Apart from all these benefits, mentors can help in other things as well. Entrepreneurs will definitely realise that when they decide to get a mentor for themselves. When you have a mentor, not only if they give you advise regarding your business but they will also help you in creating a proper work-life balance.
A business plan decides the future of a business. It’s working, profit, features, everything is provided in a business plan. But there is no universally accepted template of a business plan – it tends to differ from company to company, owner to owner, product to product, and service to service.
Steps in writing a business plan are very very important, which is why you need to learn how to write a business plan step by step. No matter what the format of the document is, certain sections and components just can’t be missed out, which is why everyone must know how to write up a business plan. Since many people don’t know how to write a business plan.
This write-up is going to present the important points of an ultimate business plan in parts ofEssential sections, business planning tips, and general tips.
How to start a business plan? The first step to write a business plan is portraying it’s Motto and Vision. Quite catchy slides or print-ups with interesting quotes and catchy vocabulary doesn’t make it an excellent business plan. Remember, the vision and mission are two important factors of an excellent business plan section, you can also check some samples of a business plan to get an idea of it and come up with your own.
One of the top business plan tips is writing a simple one-liner that exudes the vision of one’s venture, creating a formidable impression on potential investors instead of long descriptive write-ups with no mention of the vision and the motto of business.
Sales and Marketing Figure
As the sharks on “Shark Tanks” say let’s talk about numbers because business is all about numbers, isn’t it? So this section is an insight into the true potential of the business. It highlights the existing funds raised, predicted sales over the financial year, marketing costs, andROI, etc, and is an important part of any small business plan.
The key point of writing a business plan is not to exaggerate or bluff data in any way. The tip for writing a good business plan is providing data about the real sales of the business and giving a pictorial representation such as charts and graphs to elucidate the intended message. It’s better than creating a large table, spanning over several slides or pages. You can also check the best business plan template to understand how it can be written.
Also, give an estimate of the turnover that the business is planning to make in the upcoming year. This will eventually make the investor ponder about the investment portfolio. These are the main things to remember if you don’t know how to write a business proposal.
Sales and Marketing go hand in hand
Operating Strategy
The major purpose and hassle of creating a business plan is to decide the operating strategy of how the entire business will operate as this is the part of writing a great business plan. Every good business plan will describe the process flow in terms of how the entire business would operate and endeavor. After all, any execution method is best understood when one is aware of its algorithm, in other words how the execution process takes place, because that is what is the bottom line of all the hard work.
Many people don’t know how to write a business plan executive summary. The ultimate business plan is usually confined to a page or two, the executive summaryought to paint the entire picture without going into further details. The value proposition is an essential component of this summary and shouldn’t be skipped.
It’s advised to write the executive summary after drafting the entire business plan because by picking important ideas from other sections of the document, a concise crux can be formulated. You can follow many guides to writing a business plan or check for a free business plan template to make sure you haven’t missed anything.
Target Market Analysis
A no-brainer would be aiming to sell the product or service to everyone out there without any research and analysis which is why writing a business plan is important. This is the main part of how to write a business plan. A niche item would attract only a particular segment of the customers. When you write up a business plan it is necessary to let whoever is reviewing the business plan to figure out the audience that the venture is targeting.
Product or Service in Question
Imagine you are on a flight and don’t know the destination of it, will it make any sense? No of course, right? Likewise, without specifying the product and its specifications that the business intends to disseminate, it makes the entire document meaningless. Among all the steps to write a business plan, it is an important step to add specifications of the product.
Are you going to explain a chemistry experiment without specifying the substances and compounds involved? A startup business plan will always have a list of product dimensions, working, identified flaws and workarounds, usage, demand in the market, etc. A description should be mentally stimulating so that the customer can envision the entire thing before owning it.
The business plan must include a section that consists of a short profile of each member involved in the startup/company. This is the top business plan tip as it provides a parameter to evaluate the credibility of the business from the eyes of a VC or Angel Investor. It is the main part of how to do a business plan. The reasoning is clear—the ethics, personality, and various other attributes of the founder and his team are reflected in the final product.
This may seem absurd to some but pondering over it does ring a bell as it is setting up a business plan. Also, if the business is being mentored by some kind of advisory committee, it is a testament to the fact that the business can turn profitable otherwise experienced individuals would have stayed away from guiding such a venture and that is why it is an important part of business plans for any startups.
Financial Summary
Not to be confused with the sales figure section, the financial summary resembles a probable balance sheet and this is one of the top business planning tips. Revenue projections give an idea of the rewards you expect for the efforts you put in running the business because the numbers on the plan will surely speak your company’s story to the presenters because as mentioned earlier, numbers play all the game in business. A financial summary is part of a good business plan.
Future Requirements
One reason which makes a businessman work hard is the growth of itsbusiness in the future and a sample of the business plan must have this. Even if it is a small business plan, it must have future requirements as the future needs are going to vary when compared to the current ones.
For example, if the investment required at present is a six-digit figure, it may become an eight-digit one to sustain the business as time progresses. However, justification of the predicted requirements ought to be mentioned to make sense. You can check free business plan templates to see how this can be listed out.
While writing a business plan you don’t want to create a rip-off. The idea is to be unique with one or moreunique selling points to stand out from rivals in the same segment. This is among the important steps to write a business plan, an analysis with existing products with nearly the same functionality helps to bring out the USP and also gives you the scale to make your product better than the competitors. Any guide to writing a business plan will have a competitive analysis in it.
Guide to Writing A Business Plan
Some Tips and Business Plan Suggestions
Don’t make the business plan boring by leaving out graphics. Not losing the listener or reader’s attention determines the outcome is one of the best tips for writing a business plan.
The best business plans include an appendix to make traversing across the document easily.
Executive summary in the beginning or at the end won’t make much of a difference as long as the entire plan is cohesive and is part of a good business plan.
There are various types of business plans, you can figure out want you want by looking for the best business plan template. Research about them before choosing a free business plan template.
Don’t read it out like a textbook when presenting the plan somewhere. It is one of the main steps in writing a business plan and you should know the key points and themes to sound convincing.
Every startup business plan details the strengths and weaknesses of the business, and how you are going to seize the opportunity if provided.
One of the other business planning tips is using the same indentation and formatting throughout the document. The sudden transition from a times new roman 16 to comic sans 24 can be disturbing and agonizing.
While writing up a business plan, make it a story-based interactive session because no one likes to listen to lectures where you are not allowed to interact. The more people are going to interact, the more they will indulge in your business plan.
The most important tip while writing a business plan, be the master of the plan that you have created to monitor your business. Go through each point thoroughly, make sure you are aware of all the numbers, all the future expectations, and anticipations, growth, etc. Make sure you are satisfied with the small business plan you have created.
Avoid these Mistakes while drafting a Business Plan
Drafting a business plan requires intense focus and integrity as it forms the backbone of the entire business. Many people get confused about how to write a business proposal. Remember that when you are writing a business plan it should outline both the present and future strategy of the business, elucidate necessary points, facts, and stats around which it revolves.
Simply put, it can make or break everything at stake. You can check out the best business plan template to avoid making these mistakes. Here is a list of dont’s that should be kept in mind while creating your ultimate business plan:-
Worn out Phrases
Phrases like ‘disruptive’and game-changing are over-used and stale; avoid using them in the draft. These words may show what the business is but evade its idea in an actual sense. Avoiding worn-out phrases is a part of the steps to writing a good business plan.
The plan here is to make the readers/clients/investors resonate with the business plan and convey the right message when propagated to others. Moreover, cliched expressions make you sound over-ambitious and over-confident in nature and is not good for a good business plan. It might be the greatest plan on the planet but claims that are beyond your capabilities are a bummer.
Don’t use the word ‘DONE’ to Describe your Business
The theory behind the working of a business plan is that it keeps on going forever; business is a cycle ofimplement-improve-repeat. Using ‘done’may put an end to your aspirations outlined in the business plan. If you want an ultimate business plan process then you should PLAN-RUN-REVIEW-REVISE when repeated takes the business to the next level.
This is why when you are writing a great business plan, using the words finished and done makes the plan one-dimensional and less prone to getting success. Always keep it open-ended in nature and sound optimistic throughout the draft and follow all steps in writing a business plan.
Never Calculate the Sales from a Big Market
At the same time, don’t consider the segment you’re targeting as a small percentage of a large market. Forecast the details like stores, distributors, users, subscribers, click and emails, etc. Keep everything upwards, not downwards in business plans for startups.
Avoid Extreme and Unsupported Optimism
Not involving the risk factors involved can be a deranged factor for the company’s future if the words mentioned in the business plan take twice as long to make half as much as forecast.
Don’t Fill The Business Plan With The Product’s Or Service’s Technical Specification Or Characteristics. Keep it at a minimum. Emphasize more on questions like:
What problem are you going to solve for the client?
How are you going to solve the problem?
What is the product’s value proposition?
Outline the answers to these questions in your business plan. Be careful about what you put in the business plan because it’s your business canvas while setting up a business plan. Deliberate thoroughly, ponder all possibilities and points, don’t make wild claims, stick to the facts, and finally avoid the mistakes explained above!
What is the most important part of a business plan?
The executive summary is the most important part of your business plan, and perhaps the only one that will get read, so make it perfect! The executive summary has only one objective: get the investor to read the rest of your business plan.
What is in a good business plan?
A company often needs a business plan before it can borrow money from a bank. Good plans are usually highly detailed and include information on all aspects of the business, including the industry, marketing, personnel, finance, and various operating procedures.
What are the 4 types of business plans?
Business plans can be divided roughly into four distinct types:
Shimla is the capital and the largest city of the Indian state of Himachal Pradesh. In 1864, Shimla was declared as the summer capital of British India. It is the principal commercial, cultural and educational centre of the state. Accessible throughout the year from all major cities and town by road, all kinds of services available on the road. Shimla is well known as the Queen of Hills. It is an all time destination for tourists, for lovers of nature and solitude. We have listed few new business ideas in Himachal Pradesh.
Vikash Mushroom Farm | startups in himachal pradesh
Solan city of Himachal Pradesh is the mushroom district of our country. Establishment of Directorate of Mushroom Research in Solan called for opportunities for the locals to try their hands in this indoor farming. In 1990, Vikas Benal started mushroom cultivation alone with 200 bags. Vikas Benal is also known as The Mushroom Man. He tripled his invested money with his first yield only. That’s when his idea got validated and he found a big opportunity in mushrooms business in Shimla. Now, his team has grown to 200 people. His startup is counted among one of the successful startups in Shimla.
They grow different types of mushrooms like button mushrooms, oyster mushrooms and shiitake mushrooms. They sell their products in the nearby domestic markets. Vikas also started supplying spawns (mushrooms seeds) and compost (substrate) to small-scale mushroom farmers. He also runs training programs where he teaches people this art of mushrooms cultivation. The turn over of his self-financed business is roughly around 4-5 crores per annum. This startup is well known for its mushroom farming traits and has immensely educated farmers to grow mushrooms and increase their yield.
Vikas Mushroom Farm- Vikash Benal
Digital Web India
Founder: Mukesh Bhardwaj
Digital Web India | Startups in Himachal Pradesh
Mukesh is 19 year old, is currently pursuing his mechanical engineering from Kangra district of Himachal Pradesh. His life took a turn when he got his first laptop through the H.P govt. scheme for scoring good marks in 10th board. From that day he started exploring the internet world. Out of the many things hacking lured him the most. He learned whatever he could learn from YouTube and Google.
He was advised by someone to start a blog for sharing his hacking knowledge with the world. So he started a blog named MukeshTricks4U. After interacting with many alike he stared a brand blog “itechhacks” where he shared valuable information regarding hacking. Right now he runs a company “Digital web India” along with his team. The core work of his company is to create a website for clients, provide good SEO, logo designing, and digital marketing. He is well recognized as a successful entrepreneur in India with his startup racing towards a great profit.
This young talent was an instant hit with his very first short film “Boys don’t wear nail paint”. This film grabbed him many national and international awards. The basic theme of his movies mostly revolves around Himachal cultures. He picks up some really sensitive topics and with his creativity makes an Excellent amalgam with Pahadi culture.
He went on to make more short films namely “Pashi”, “Papa”, “The infinite space”. Moreover, Pashi got selected in Oscar Qualifying Festival and is India’s finest short film of the year 2018. He is an independent filmmaker and now a producer too. Presently he has started a production company called “Secret Corridor Pictures”. His films are bringing glories for Himachal Pradesh. Siddhart’s Filmmaking techniques are extremely trending in the startup ecosystem.
The Pahari Project
Founder: Lalit Singh
Lalit Singh
Startups in Shimla or anywhere in world are all about innovations. This young guy may not be running a company but he has managed to become a viral hit among youngster through his music. Having more than 2M views on his YouTube mashup videos he has successfully won his audience’s heart. There is no lack of talent in this world but only some creative and experimental minds are able to make a difference. Although that’s the reason for his success.
He sings in different languages, experiments and recreates the magic. He has brought revolution to Pahari songs by reinventing them in a contemporary way. In this time when the youngster is losing touch with their roots, his magnetic notes are attracting them back to old cultural music. This young talent is layering on national as well as international platforms. His YouTube channel has given him wings to fly high in startup ecosphere. This is one of the most unique kind of startup among the startups in Shimla.
When you hear Himachal, two things come immediately to your mind, beautiful hills and apples. Apples are the main agriculture income source for people of upper Himachal region. Due to the lack of the latest knowledge in the field of apple plantation people here mostly do it the traditional way only which is very low produce method.
Vishal Beakta came up with an idea of bridging this gap. He launched a website called ApleTalk where he shared new research, varieties, technique, methods and measure for a profitable business of apple farming in Himachal Pradesh.He is also an editor at LetsGrowApple.
Recently his team launched an app “Apple Talk” which has got more than 1K downloads till now. This app will be your handy manual for all your questions related to apples. It is an impressive way of advancing farming with technology. AppleTalk has successfully boosted the production system by utilizing the right space for the requirement for Apple farming startups in Shimla.
Founders: Dr. Ramesh Sharma and Er. Arvindh Avasti
Vidhya Peth | Startups in Himachal Pradesh
Vidhya Peeth is a leading coaching institute for medical and non-medical students in Shimla. Every year Vidhya Peth breaks its own records by giving the maximum number of qualifying students in medical and non-medical entrance exams. Started with a bunch of students this institute has earned enormous name and fame so far.
There was a time when Shimla’s student had no choice than to go to big cities like Chandigarh and Delhi for quality coaching, but Vidhya Peth has emerged as a reliable alternative. Students from all over the state trust Vidhya peth now. The institute is headed by Dr. Ramesh Sharma (Ph.D. – chemistry) and Er. Arvindh Avasti. With time Vidhya Peth has won many recognition awards from State Govt. and renowned institutes like IITs for their commendable contributions. It is one among the best educational startups in Shimla.
In 2016, Shimla government and the Jail administration came up with an idea of opening a book cafe which will employee prisoners. This cafe is situated near Takka Bech on Ridge – The Mall Shimla. It is run by Yograj and Subhas Chand, two prisoners serving life-term at Kaithu sub-jail of Shimla.
Every morning 135 selected prisoner from different jails across the state are taken to do their daily work for Book cafe. The work includes selling food, baking, taking care of people’s coffee, food, and clean ambiance. Prisoners get everyday wages, which help them to support their family better. This startup, Shimla Book cafe has won many awards for its uniqueness and the noble thought. This Startup has given a new meaning to a prisoner’s life.
Bobby Vela Funeral Van Service
Founder: Sarbjeet Singh
Bobby Vela – Sarbjeet Singh | Entrepreneur in Shimla
Bobby Vela is a very prominent figure of Shimla. With his keen desire to serve humanity, Bobby has managed to help thousands by taking help from the thousands. He started a free Funeral van service which he used to drove himself. Moreover, for past 12 years, he has been organizing blood donation camps and was successful in contributing to 66% of the total Himachal Pradesh’s blood collection.
“People in Shimla call me Vela (someone who does nothing) Bobby. Even my mother does the same! It doesn’t offend me. Instead I am thankful that the almighty made me ‘vela’ so that I could spend my time in the service of humanity”, says the man who has made selfless service the mission of his life.
Later he started a foundation called Almighty Blessings which organize free langar every day in the states biggest hospitals (Indra Gandhi Medical College and Kamla Nehru Hospital). However initially, it was tough for him to manage the expenses so he started this rotti bank, where he asked common people and students to bring 2-3 rottis for the foundation.
With time common people appreciated his efforts and started donating to this noble cause. With the support of people and his keen efforts this foundation is able to feed thousands of needy patients and their attendants ever single day without a break. This well-known startup has yield immense respect all over Himachal Pradesh.
Bobby Vela | List of Companies in Himachal Pradesh
Thakur Bhrata : The Pickle Kings
Thakur Bharata | Startups in Himachal Pradesh
Located at the corner of Lower Bazar, two old brothers run a small shop to sell only pickles. You ask anyone in Shimla whose pickle they eat, and everyone will reply “Thakur Bhrata”. Thankur Bhrata has a wide range of pickle variety ranging from mango, lemon, garlic, red chili, green chili, aloe vera, carrot, and many more. Each pickle has its exclusive and irresistible taste.
They make pickles by a traditional method which was passed on to them by their grandfather. Not only the town is crazy for them but people from outside including tourists after tasting their pickle once can’t resist coming back again. It’s a must try for anyone who visits Lower Bazar.
Myntra IT Solutions
Myntra IT Solutions | IT Companies in Himachal Pradesh
Myntra IT Solutions is IT Company in Shimla. Myntra IT Solutions provides one stop technology solution in the area of Multimedia, Website Designing & Software Development, Customized software solution, Computer Hardware Solutions, Local and Wide area Networking solutions, Web Promotions such as Search Engine Optimization(SEO), Link Building, Web Marketing, Search Engine Submission, Directory Submission, and Article Syndication. Myntra IT Solutions is SEO company/agency in Shimla.
This is our list for successful startups in Himachal Pradesh. This list might help you giving idea of business opportunities in Himachal Pradesh. If you know any other startup in Shimla or you own any business or startup in Himachal Pradesh, please contact us, we will feature the story.
Honey Hut
Honey Hut | Startups in Himachal Pradesh
Honey Hut is located in the middle of the mall road in Shimla. It is this unique cafe which is famous because for it’s honey. You buy anything here if it needs sugar they will give you their special honey instead. Believe it or not, they provide you the best honey you could have ever tasted.
Honey is collected from Leh – Ladakh region where naturally beehives are looked after by the locals. Moreover, they serve you the best honey but they keep it for sale too, so that you can enjoy it at your home as well. However, the owner runs this cafe successfully in Shimla from more than 2 decades along with its branches in Uttarakhand and Kashmir. Honey Hut is regarded as one of the unique startups in Shimla.
Honey Hut runs online store too. Honey Hut is present in Shimla, Rishikesh, Nainital, Chandigarh, Mussoorie, Ramjhula.
Big Spoon FoodTruck
Big Spoon | Food Truck Startup in Shimla
Food trucks are now in fashion. Instead of investing on setting up huge lavish restaurants people are going for food trucks which requires very little investment plus business mobility. Big spoon food Truckis shimla’s first food truck. It runs it’s business near Navbhar successfully from past 3 years. Instant tasty food is a permanent luring for customers. However, their special non-fried rotti rolls are one of their specialty and the most liked food. Big spoon is one of its own kind in Shimla. This startup is first of its kind and famous its USPs.
Himachali Rassoi
Himachali Rasoi | Startups in Himachal Pradesh
Food is an imperative part of any culture. If you want to have a zest of Himachali culture this native restaurant can serve you the whole culture in just one plate. Traditional Himachali foods like Siddu, Kangrai Dham (food of Kangra), Poldhu (Fried Puri), Indre (made up of massur dal) etc. are all available here.
People usually make these dishes occasionally. But they serve common people their favorite dishes without making them wait for any special occasion. Not only the natives but tourists also enjoy these endemic meals. In the market full of Chinese, South Indian, and Continental food this is the only restaurant of its kind is a commendable contribution in making Himachali food reachable to every outsider. Finally, Himachali Rassoi is one of the mouth-watering startups in Shimla.
Being creative takes courage. In today’s time, there is a constant cut-throat competition which one gets enrolled into without getting to even discover yourself first. It is at a very young age many parents decide what their kid’s future is going to be. To ace in this very race of success – you can either be a follower or a leader. A follower is obedient, patient and hard-working. A leader is also hard-working, but also innovative and a risk taker. And when one chooses the path of his own, it’s a road journey which is written by themselves.
Our youth today is a bit demotivated and lethargic, so they starve for even a little bit of hope and inspiration. There are a huge amount of resources available, there is widespread internet connectivity, innumerable exchange of technology, knowledge and information, and all this it present right in front of you. You just have to grab it.
Yes, it will require hard work and patience too, and some failures will be inevitable but you have to keep the faith in yourself and your idea.
In this article we will discuss about the youngest entrepreneursof India and try to give a little dosage of motivation to you through the way of their success stories.
Shravan and Sanjay Kumaran
Shravan and Sanjay Kumaran | Youngest Entrepreneur India
Shravan and Sanjay are siblings of the age 17 and 15 respectively. They are the youngest upcoming entrepreneurs of India. They together came up with “GoDimensions” which is a company that aims at developing a simple technological solution for the digital world. The brothers are also the youngest Mobile App Developers in India. The Kumaran brothers give due credit to “reading books and solving problems given to them” as the mantra to their success.
Tilak Mehta
Tilak Mehta | Youngest Entrepreneur India
Tilak Mehta is a 13 year old boy who launched his company called Paper N Parcels in 2018 and it aims at easing courier services in Mumbai. His startup Paper N Parcels is dedicated to carrying small parcels and papers within Mumbai for assured intra-day delivery. It is amazing to note that he is still a student studying in 8 th standard. He is a budding entrepreneur who has founded a logistics startup, sold the idea to a banker and somehow convinced him to quit his job and join him as the Chief Executive. He also roped Dabbawalas to help him with the last-mile distribution.
Trishneet Arora is the founder and CEO of TAC Security which is a cyber-security company based in Mohali, and he is 25 years old only. He was 19 when he started TAC security in 2013 which performs vulnerability assessment and penetration testing for corporates and identifying weakness in their cyber security thereafter.
Trishneet failed in 8th standard and signed up for distance education but failed again in 12th standard. He said he was never interested in studies and was always a backbencher. He taught himself how to “hack” at a very young age and wrote a book called “The Hacking Era” which was published in 2013.
Trishneet knew he could make a profession out of hacking and went out to focus on digitization and organizations that were reaching out to ‘ethical hackers’ to build resilient defense systems against cyber attacks. And that underscored the potential of his business. The demand for such services are growing day by day and Tishneet is sure he will thrive in the future too.
Kavita Shukla
Kavita Shukla | Youngest Entrepreneur India
Kavita Shukla holds a BA from Harvard University and is the founder and CEO of Freshglow Co. and the inventor of Freshpaper – a simple innovation taking on the massive global challenges of food waste. She holds four patents and is the youngest women ever to receive the biennial Index Design to Improve Life Award which is the world’s largest prize for design. Her work has also been featured by The New York Times, The Washington Post, Bloomberg, Oprah Magazine, Glamour, The Today Show, and CNN. She was also featured on Forbes list of “30 under 30” and Time’s Magazine’s “5 Most Innovative Women in Food”.
Deepak Ravindran was a science student who loved computers. But he decided to drop out of college to pursue his first startup venture. He is the Co-Founder and CEO of Innoz Technologies which is a service that provides wireless market and gives solutions for mobile search applications. Deepak started this business along with five of his friends. He also came up with SMSgyan – a text message based search engine which works on a format, and this service was started in 2011. He is also working on a new chat based delivery platform called “Lookup”, and it already has some big investors.
Sreelakshmi Suresh
Sreelaxmi Suresh | Youngest Entrepreneur India
Sreelakshmi is the youngest web designer and CEO in the world, presently at the age of 21. She designed and developed the official website of her school located in Kozhikode, Kerala, when she was only 8 years old. She has many accolades to her name. She has received many national and international awards.
At the age of 10, she designed and established eDesign which is a now venture web designing company that offers SEO, we design, and other such services. Sreelakshmi Suresh has come up with and developed over a 100 websites for renowned institutions and organizations across the nation.
Akhilendra Sahu is the founder and CEO of ASTNT Technologies Pvt. Ltd. and Technical Next Technologies. He did that at the age of 17. ASTNT is an India based company that provides digital marketing, web development, application development, SEO services and similar services. Technical Nest Technologies provides the best webhosting solutions in India. Akhilendra has many sub brands and his app is published on google play store. He also ranked no. 1 web designer in Madhya Pradesh, India.
King Siddharth
King Siddharth | Youngest Entrepreneur India
Siddharth is an Entrepreneur, Product & Design Leader and Public Speaker, and is one of India’s top young entrepreneurs. Sidharth was also a drop out but he never stopped learning. He started an online magazine called “Friendz” at the age of 18.
He is presently the head of product design at Instamojo – a website that helps small and medium sized businesses with their day-to-day needs like payments, credits, logistics, tax-compliances, etc. At present, they serve around 3 lakh businesses. He is also a speaker on entrepreneur design, career and life to college students and has given speeches at NIT, TEDx, NMIMS, and more such places.
Arjun Rai has been an exemplary networker and worked on a few projects and startups of his own while he was still a student. He became COO of an online advertising company that was quickly growing in 2010 and is now looking to startup with Odysseys Ads.
After graduating from New York Institute of Technology he has started two startups – The BizDen and FuelBrite.com. Arjun then went on to invest and build a startup which ventured in the tech space and is one of the leaders in visual project management called Canvs+. Arjun Rai is an inspiration for others who always believed that one should surround oneself with people who will motivate you to do great things and leave those people who can’t see others climbing the stairs of success.
Ritesh Aggarwal
Ritesh Aggarwal | Youngest Entrepreneur India
One of the most successful stories of entrepreneurs in India is that of Ritesh Aggarwal. Ritesh Aggarwal is the founder and CEO of OYO – the budget room service provider. He dropped out of college, as he seemed to always have a vision about having a business, and he launched his first startup called Oravel Stays at just the age of 18. It was budget hotel chain that provided B&B and later on it elevated to OYO rooms. At that time no other service offered a room which could be in a budget traveler. Ritesh started OYO with only eleven rooms in a Gurgaon hotel. And today OYO has 65,000 rooms in about 5,500 properties across 170 cities in India.
Advait Thakur is a Computer programmer, Young Entrepreneur, AI Researcher. Advait Thakur is a founder of Apex Infosys Inida, Apex Business Solutions Digital Agency. He started using computer at age 6, he launched his first website at age 9. He started Apex Business Solutions Digital Agency in 2015 as a web development company that brings brands on the web.
In 2017, at age fourteen, he built “Technology Quiz”. This is an app to help kids learn about Science & Technology for google assistance. Then, Advait was accepted for Google Assistant. He had also developed a personal assistant that controls IOT devices of house on voice commands with the help Google’s Open Source gRPC API. He is also member at IBM developer Works. He is also a former Senior Developer at #1 Android Forum, XDA-Developers.
The story of these young entrepreneurs of India tells us that entrepreneurship is not about the age but about the mind set. If you really want to do it, you can do it either at the age of 10 or even at 80. All you need is a great mind set.
If we left any Young Entrepreneur from India, do let us know in the comments so that we can cover their story in this list.
Bhoraniya Huda Hifzur Rehman
