Everything About Startup

SOLUTIONS OF THE PROBLEMS FACED BY START UPS

Every problem has a solution and so does yours! If you are facing challenges with your start – up then this article is all you need! Below are the solutions to the major problems as faced by start-ups these days.

Financial resources

Acquiring necessary funds can be a tedious task, so below are given the sources of finance that can be considered-

Personal Investment
Friends and Family
Angel Investors
Venture Capital
Business Loans
Incubators
Grants and Subsidies
Crowd-funding

Tools: There are tools like Silo.co and CapLinked that provide a central platform for startups to find and collaborate with investors.

Revenue generation

Revenue generation is critical! The challenge is not to generate enough capital but also to expand and sustain the growth which can be achieved by the following-

Determine Your Goals
Focus on Repeat Customers
Add Complimentary Services or Products
Hone Your Pricing Strategy
Offer Discounts and Rebates
Use Effective Marketing Strategies
Invigorate Your Sales Channel
Review Your Online Presence

Team members

Startups normally start with a team consisting of trusted members with complementary skill sets which makes knowing how to choose your team members extremely important!

Hire action-takers who can get the job done
Don’t build a team for a startup
Hire people who understand the importance of customer service
Personalities matter
Be a ringmaster
Consider investing in a recruiter
Avoid homogeneity in your team

Tools: LinkedIn and Hired are one of the many tools that could be used to connect with qualified candidates.

Creating awareness in markets

Startups fail due to lack of attention in the markets so building brand awareness is an important aspect of the running a start-up!

So how to Build Brand Awareness?

Create a custom hashtag.
Participate in or sponsor local events.
Maintain uniformity across your social media profiles.
Post regularly to social media using your voice.

Anand Moondhra

My Brief profile for your kind consideration :

I am Anand Moondhra , Start-up Consultant , Chartered Accountant , entrepreneur , and a business coach. I helped 1000 + Start-ups , CFO’s in Fund raising , Cost reduction , Optimising existing processes , Finance and Accounts , Compliance Management , MIS , Internal Audits , Pre - Audit/ Audit Assurance Services , Taxation Advisory , Due Diligence , Investigation Audits , Process Audits. etc. during my journey .....

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About Me

My Brief profile for your kind consideration :

I am Anand Moondhra , Start-up Consultant , Chartered Accountant , entrepreneur , and a business coach. I helped 1000 + Start-ups , CFO’s in Fund raising , Cost reduction , Optimising existing processes , Finance and Accounts , Compliance Management , MIS , Internal Audits , Pre – Audit/ Audit Assurance Services , Taxation Advisory , Due Diligence , Investigation Audits , Process Audits. etc. during my journey …..