Attending Indian Chamber of Commerce startup investor meeting. A few points that were discussed during this meeting
- Write down your objective on a piece of paper. This is always helpful
- working capital (Be careful about OPM — other people's money, could get addictive 😃)
- Expertise doesn’t need always win investments. Try and get profitable as soon as you can to reduce dependency on opm
- between investor and startup, one should be an expert.
- Marketing — do it yourself. Don’t outsource
- Supply chain and logistics: evaluate options. It may be better to take ownership of your own supply chain and logistics
- Finance: Operating break even and PAT positive is very long.
- ROE — Return on effort. How to maximize your and your team's efforts. Can you productize your offering? Make it future-proof if possible. End hand-to-mouth situations.
- How do you think of your own battle?
- The startup is an investor as well. As startups are investing their time and VCs their money.
During the upcoming independence day, would like to drive these points to all the startups out there
There are close to 9 million MSMEs in India. And 13.7 employees on average work on each MSME. If you are employing more than 14 people, you are already taking the nation ahead in your own way.
MSMEs play a big role. The fat middle that makes the economy move.
Think of ourselves as an investor. Take yours and the future of your venture into your own hands.
Happy 75th Indian Independence Year. Wishing you all success