We live in a society which keeps scores……

Sad but true….but let me first explain what I mean with that….

Recall any time you were sitting with your friends, relatives, close family members….also recall what was the main conversation around…..let me help you by giving thought prompters…

Do words/sentences like these ring a bell, his son has done………, her sister is doing very well she is…….., her uncle is a …….., they have gone to ……. for vacation, even at this young age he ………,

I can possible go on and on and the list will not end….

Have we ever wondered what effect this is having on the psyche of our people, kids, young ones, other human beings……!!

And then we crib about, how competitive getting admission into nursery, primary school, professional colleges has become, life has become too stressful (leading to diseases at young ages), people cutting corners behaving in a non-ethical manner to achieve what they want to achieve, youngsters are getting hooked on to drugs, students committing suicide, people working themselves off to buy a bigger car, more houses, trying to go on bigger and more money blowing vacations…..the list goes on and on and on….!!!

Bottom line……my SCORE must become bigger than yours, my son should do MORE……than others, my SISTER should be bigger than others, my family should go on a MORE ostentatious vacation than others, my son’s marriage should be even more flashy than others,

and this one is the most ridiculous one I have ever heard,

my husband got his piles surgery done in England (I don’t trust Indian hospitals…. :-))

…..and blah blah blah….

Do we need such a society? Do we need such people, do we really think we, the great Homo Sapiens, are the most intelligent of beings!!!!

DO WE REALLY WANT TO KEEP A SCORE…!!! ALWAYS….from the time we are born to the day we die…….

And even if we have to can we please keep scores like my son is happier than…….my brother is so satisfied with life that…..my sister is such a good person that she……..

Think about it… 

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How to be in the 10 % of Start-ups which succeed?

I am sure you all know that there are various surveys, studies and analysis done globally which conclude that majority of start-ups fail.

If this statement makes you feel uncomfortable, it is meant to.

Because unless you feel uncomfortable and, therefore, become more careful you will join the 90 %. However, if you do things right and in the right way, there is no reason why you won’t be in the 10 %. Since, I work with start-ups and SME’s for a living; I have interacted with lots of eager beavers… (Young ones with dream, gleam and dollars in their eyes) and have, sadly, seen many of them with same eyes with emotions replaced by dejection, a sense of failure and brooding about their future.

So why this 90 % failure Start-ups rate, here are some of the reasons that I have observed:

1. Doing a start-up because everyone around me is doing:

Sometimes when I am at various events, meetings and mentoring sessions I feel as if “doing” a start-up has become a game for both the people and the investors. These are strong words but I hope you know what I am talking about.

2. Weak business model:

We all know that most of the start-ups today (especially in e-commerce space) are running in losses. We all know that if we buy something at Rs. 100 and sell at Rs. 80 and use the investor funds (which I believe are more easily available than ever before) to bridge the gap, it will eventually fall flat. Loss leading philosophy can work but only if it is well thought out, is reasonable to execute and turns around to profits within a reasonable time frame and at a reasonable scale. Now, I don’t want to take names here but there are companies and investors which have gone from launch, to seed, to Series A, B etc. and are still not making money. Every next line of investors puts in money at a higher valuation hoping to get an exit at an even higher valuation, but if the basic business model and execution is not sound how long do you think this climbing on each other’s back can happen……I leave the answer to you.

Related Blog – Is Money EVERYTHING?

3. Are you really solving a long term problem of your market and customers?:

Think very deeply, this question has multiple questions and issues hidden. We are seeing start-ups which are solving imaginary, temporary or problems which are not much of a need/pain for the customer. Clearly, a sure shot preparation for failure.

Now, I have said many things above. Due to lack of space, many of course, are left uncovered. But let’s talk a bit about how does one judge if one is serious about a start-up, how does one know that the business model is sound and how does one know if the problem being attempted to be solved is a real, long term need of your customer eco-system.

Here are my suggestions. By no means this is a complete list, I am sure much more could be added but let me give a few:

Why are you doing a start-up:

1. Would you like to work:

a. for 16 hours a day

b. have no earnings for at least 1 year

c. get no holidays

d. and no one to recognize you

If the answer is “yes”, then is it because:

e. you think the eventually you will succeed because

i. many around you are succeeding

ii. do you dream of days when you will be driving a swanky car and living in a palatial home


iii. is it because you are seriously passionate about something and you want to see it coming to fruition? And benefitting the users (Business or Consumers)

If your choice is i and/or ii then please think again…..history has shown repeatedly that people who chase money do not mostly get it but people who chase excellence in problem solving make it big.

2. Do you have a good business model:

Try and answer the following question:

a. Will your business succeed even if there was no funding? If it will, just much more slowly, you are on the right track. On the other hand, if your model will succeed ONLY if you got x amount of funding, analyze things again, very carefully, you may or may not be on the right track.

b. At what scale will your business start making money? Is that scale achievable in reasonable time at reasonable level: A business which takes 5 years and assumes 7 times the growth (numbers indicative to show the point) is not a good idea to pursue. Why, because in that time and at that level of growth even a small slip can derail your plans.

3. Addressing a REAL problem vis-à-vis a short term problem or a non-issue:

We are observing that these days’ people are thinking that digitizing anything is solving a problem and thus will work as a business.

Think like this, IT is only a tool, a tool to enable doing things faster, better, in a more efficient and effective manner. However, by itself it is nothing.

Therefore, to be sure, whenever you look at possible business ideas, look at things which have been problematic for people for a long time, things for which people will pay for now and in the future, look at the needs which fill a big gap in people’s lives. Once you have done that augment and/or support your solution with technology. Don’t think technology before the solution, first think solution then think how you will make the solution stronger by using technology.

Although I have not covered all the possible points that I could have regarding deciding about a start-up but the above discussion would have given you a decent picture of what and how you need to go about deciding if you should do a start-up and if yes then why and how.

Hope it helps some of you to succeed, even if it helps 1 of you, my writing’s purpose has been achieved.

God Bless you….

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