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Indian Startups

WHAT IS REAL STARTUP?

A startup is a company initiated by individual founders or entrepreneurs that is in the first stage of its operations & startup is a bridges the gap between student or individuals startups and the large cap companies. Founders design startups to effectively develop and validate a innovative & scalable business model.
Difference between startup & small business or self employment?
The concepts of startups and entrepreneurship are near by similar. However, entrepreneurship refers all new businesses, including self-employment and businesses that never intend to grow big or become registered & generally small entrepreneur registered his business under proprietorship instead of company, while startups refer to new businesses that intend to grow beyond the solo founder, have employees, and intend to grow large & registered as company because of raise funds. Hence Start ups face high uncertainty and do have high rates of failure, but the minority that go on to be successful companies have the potential to become large and influential. But if startup will success it will be get way of to enter billionaire business tycoon club.

HOW MANY STARTUP'S SUCCESSFUL IN LAST 10 YEARS ?
There are so many startups in india but most of fails. In india only some startups have been really successful in terms of new innovations & commercially viable or profitable. We regularly watch & studying of their operations. We noted some really successful startups as bellow:

D-Mart, Flipcart, Paytm, OYO, Byju, Ola Cabs, snapdeal, freecharge, Indiamart, 99acre.com, makemytrip.com, trivago, OLX, Quikr, Grabon, ShopClues, Zomato, RedBus, swiggy, Instamojo, MobiKwik, Cure.Fit, Digit Insurance, Razorpay, Acko General Insurance, FirstCry.com, Treebo Hotels, Jumbotail, Udaan.com.

Which important things make you successful in startup ?

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WHY STARTUPS FAIL?

In India 83% failure rate in newly start business or startups compaire to U.S. startup 51%. There are some common reasons. First major is our education system, there is no any education university teach specific education to teach you, How to start & run successfully business. Even IIM, & IIT are not, IIT Mumbai hold 1st rank in india which is 183 ranking in world best education institutes. Subhiksha's Bala Subhramhanyam, Mr. Shantanu Praksh of Educom is also from IIT & IIM. Other top 15 failure reasons are :

1. Lack of proper education of business & entrepreneurship - 56%
2. Not passionate regarding product or false love it check - 52%
3. No market demand/Need.of product - 48%
4. Bad beginning - Wrong financial & cash flow planning (Running out of cash) - 42%
5. Wrong Business Model - 35%
6. Poor leadership or wrong peoples management / not right team or poor team management - 38%
7. Wrongly design the product or Bad Product Experience - 24%
8. Poor Marketing & Wrong Branding strategy - 30%
9. Lose focus & Not willing to compete, Not Proper analyze the competitors - 22 %
10. Pricing Issue / cost of product - 19%
11. Ignoring customers review - 18%
12. Wrong Expenses / wrong cost management -17%
13. Bad loans or Wrong funding - 15%
14. Failed in timely & geographically Expansions - 15%
15. Legal Challenges/Threats & Heavy Taxes - 12%

How to overcome of above failure reasons of startups ?

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STARTUPS IN U.S.A.

USA startup success ratio is more than 50% compared to 20% of Indian starups. Generally Indian startups are inspired from USA startups but business location, atmosphere, culture, customer mindset & Govt. policies are different in India from USA. If you check success & failure causes of startup in ground level, you have find some facts:

In USA startup market is mature and they are often seem to failure as a natural step on the road to success.
Most of the US startups have clear idea about their product, market need of product, business development stages, funding etc. they know allocate proper budget to technology as compared to Indian startup.
US startups have easy access to a mature ecosystem and their education system. also they tend to learn entrepreneurship game or hire professional management experts. But Indian startups not tend to learn entrepreneurship & not ready to hire management experts or professionals.
USA startups tend to immediately derive Product Market Fit before anything else. Also they design right product for right audience but in India some IITians or IIM guys start business with 1 idea of new product & think they know all about business & managment skills.
Most of the business started in india were "Me too" basis & main startup essence is "Me only". Most of the successful US startups have founder with technical background & tend to take utmost care for creating great user experience.
There is no doubt, the above scenario is changing rapidly as Indian startup ecosystem is improving. As a result, we see more and more quality and successful startups launched by Indians but we Indians have to develop scientific business tools, techniques and learn proper entrepreneurship instead of traditional institutional course like MBA.

We have to learn from some USA successful startups like TechCrunch, Inc magazine, Canva, fabfitfun.com, bukalapak.com, ubiome.com, udemy.com, Medium, Giphy, Quora, CloudFlare, Coursera, Buffer, Coinbase, Ranker, Teespring, Stripe, Strava, IFTTT, Treehouse.

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