A WeYouPoint of my own – the team is important!
Loading ...Try Googl’ing “entrepreneurship” and you get tonnes of web pages giving you definitions to venture updates, from entrepreneurs to millions of other sources.
Being an entrepreneur has suddenly become a fad, with budding graduates all across the country, with zillions of dreams of making it big in their eyes, cracking their brains for the next BIG thing!
The times are a changing now!
A first generation entrepreneur myself while interacting with hundreds of budding dreaming eyes each day, a major point of concern where I feel many people lack is the TEAM!
Finding the right people to work along with to start an entrepreneurial venture is an uphill task, but then no one ever said the way to your dreams is easy!
Getting the right mix of people, the required experience, the right attitude, the right WeYouPoint (viewpoint in English Dictionary), and most importantly sharing the similar passion for the venture to be a success. One of the biggest concerns of starting entrepreneurs is “funding” or to put it better “lack of funding”.
Though there are many opportunities in India today for a successful venture to get funded, still raising capital is not easy – (a survey done by WeYouPoint.com with 200 entrepreneurs).
From my own experience of not hitting bulls eye the first time, I now know, “one of the many ways a business may not prove as successful”. Human Resources is not given as much importance in the corporate scenario, though the landscape has drastically improved in the past decade.
A startup should put stringent quality standards for its HR.
Well, its always difficult making people understand the importance of the same, is what I have experienced while delivering guest lectures and workshops on entrepreneurship and innovation in business, but everyone bows down to the facts and figures!
*Not managing your team the right way, proves to be a big hit to the revenues of the business.
Just like other assets human assets are a major chunk of the companies investment, and an already short of funds startup cannot afford to play around with their costs. Moreover if you think you can initially start with people to better, the moment you get funded, my advice – get up – get real!
“In one of my workshops a smart individual confontred with an answer to a business problem I had handed over to be solved, which I found quite unsettling! The case was discussing a startup and the related problems. The participant gave a solution of reducing costs by compromising on the quality factor, as the stance was there is no dearth of customers”.
I could go writing on and on about the wrongs in the statement made, though every contributor to the Emerge platform would by default understand where young entrepreneurs are looking – a faster and shorter road to success.
The need to create a holistic environment where in such entrepreneurs with innovative ideas get the right incubation opportunities has to be filled in soon creating an innovative knowledge grid to foster industry and academia interaction, giving a direction and shape to the dreams.
Post Contributed by Paritosh Sharma, Educomp Solutions Ltd.
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