SlideShare a Scribd company logo
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From Scratch
To Start Up
The Right Questions?

Ishmeet Singh Bedi
Ishmeet.bedi@gmail.com
Have an Idea?
Does it address an existing
or future need?
Is it novel?

Does it work around in a
new & better way?

Have you written it down and slept over it?

Can you live
for the Idea?

How passionate are
you about it?
More than an Idea?
What is your differentiating factor?
Who will be the stakeholders?
How will the business interact with the stakeholders?
How will the stakeholders interact with each other?
Business model?
How do you monetize?
Source(s) of revenue?

Are you sharing your idea
with right people?
Taking feedback seriously?
Research & The Market will tell you ALL
Where is the industry heading?
Who exactly your are customers?
What are their needs & pain points?
Who are your competitors?
What are they doing?

What are the gaps in
available products?

How feasible is your venture?
An immediate hit or a future star?
PIVOT at the right time!
Brain Storm – Strategize
Identify your customer segment
and the target market
Position your product/service
How will your business interact with the market?
Complete the puzzle
Roll Up Your Sleeves & Start Digging
Define milestones & Prepare a Roadmap

Create basic
operation processes
Make a product prototype,
Show it to the right people
Get qualified feedback and act on it
Work out costs,
expenses & sales projections
Understand your financial Statements
Roll Up Your Sleeves & Start Digging
What skills you already have?
What skills you need?

How do you fill this gap?

Outsource
Points to
Ponder!

Hire someone

Find a Cofounder

Cost effective

Costly Affair

Finding the right person

Stable support

Backup?

Business has another owner

Trusted Partner?

Very hard to find

His passion for the business
Be Full Proof – Be Vigilant
No one is self sufficient
Do not Hesitate getting help from

Professionals
Consultants
Mentors

Stick to regulations & compliance - Don’t invite Danger
Find the right people - Network, Google & Ask
There are always people out there to help
Growth depends on -> Your Team & Support System
Do you need Money to make Money?
How much you need to kick start? Seed Funding
From Savings, Family, Friends & In Laws!
Do you need Investment?
Why, When & how much?
VC Funding

Options?

Angel Investors

Bank Loan or Bootstrap?
Debt Finance

Which one to go for?
Depends on your plan & requirements
How to get Investors on-board?
Your commitment

Your Business Model & Business Plan
Is the idea sustainable?
What are the
Projections?

What is important
to investors?

How are your
Accounts, compliance
& Finances

Their
Exit
Strategy?

Have you sold
the product/service
For PROOF

Your Grit & Confidence
Get Set.. GO!
Improvise the product - R & D - Remove glitches
Run a pilot test & plan the launch
Set up processes
for sales & marketing
Be the Chief Everything Officer,
monitor operations & sales,
accounts, compliance & HR
Go for the Break-Even

Expand, with a strong strategy

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Startup - The How's, What's, When's & Why's

  • 1. From Scratch To Start Up The Right Questions? Ishmeet Singh Bedi Ishmeet.bedi@gmail.com
  • 2. Have an Idea? Does it address an existing or future need? Is it novel? Does it work around in a new & better way? Have you written it down and slept over it? Can you live for the Idea? How passionate are you about it?
  • 3. More than an Idea? What is your differentiating factor? Who will be the stakeholders? How will the business interact with the stakeholders? How will the stakeholders interact with each other? Business model? How do you monetize? Source(s) of revenue? Are you sharing your idea with right people? Taking feedback seriously?
  • 4. Research & The Market will tell you ALL Where is the industry heading? Who exactly your are customers? What are their needs & pain points? Who are your competitors? What are they doing? What are the gaps in available products? How feasible is your venture? An immediate hit or a future star? PIVOT at the right time!
  • 5. Brain Storm – Strategize Identify your customer segment and the target market Position your product/service How will your business interact with the market? Complete the puzzle
  • 6. Roll Up Your Sleeves & Start Digging Define milestones & Prepare a Roadmap Create basic operation processes Make a product prototype, Show it to the right people Get qualified feedback and act on it Work out costs, expenses & sales projections Understand your financial Statements
  • 7. Roll Up Your Sleeves & Start Digging What skills you already have? What skills you need? How do you fill this gap? Outsource Points to Ponder! Hire someone Find a Cofounder Cost effective Costly Affair Finding the right person Stable support Backup? Business has another owner Trusted Partner? Very hard to find His passion for the business
  • 8. Be Full Proof – Be Vigilant No one is self sufficient Do not Hesitate getting help from Professionals Consultants Mentors Stick to regulations & compliance - Don’t invite Danger Find the right people - Network, Google & Ask There are always people out there to help Growth depends on -> Your Team & Support System
  • 9. Do you need Money to make Money? How much you need to kick start? Seed Funding From Savings, Family, Friends & In Laws! Do you need Investment? Why, When & how much? VC Funding Options? Angel Investors Bank Loan or Bootstrap? Debt Finance Which one to go for? Depends on your plan & requirements
  • 10. How to get Investors on-board? Your commitment Your Business Model & Business Plan Is the idea sustainable? What are the Projections? What is important to investors? How are your Accounts, compliance & Finances Their Exit Strategy? Have you sold the product/service For PROOF Your Grit & Confidence
  • 11. Get Set.. GO! Improvise the product - R & D - Remove glitches Run a pilot test & plan the launch Set up processes for sales & marketing Be the Chief Everything Officer, monitor operations & sales, accounts, compliance & HR Go for the Break-Even Expand, with a strong strategy