Startup resources and tools: Updated.


Here’s the list of startup resources and tools, which has been updated over months of tolling over the web.

Go through the link: http://buzzeratbiz.com/startup-resources/

I will keep updating these resources every month.

 

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Changing Education Paradigm


Sir Ken Robinson explains how education has revolutionized the world, and the kind of cultural, social and intellectual shift required by educators throughout the world.

We know a lot of online education platforms starting from one man show Khan Academy (www.khanacademy.org), to a Stanford based online education startup Coursera (www.coursera.org), a similar Harvard based online education portal EdX (www.Edxonline.org) and a collaborative platform Udemy (www.udemy.com), where anyone can become an educator and take a class of what they are good at or love doing. The shift in education is definitely going much more collaborative, open and filling the wide gap of education in the lives of the ones who can afford to ones who can’t is filled with the platforms like these.

Not just this, in the developing countries organizations like Teach for India, adopted from Teach for America are working to spark the lives of the poor, who cannot afford basic primary education.

The future of any nation lies in education and a paradigm shift from people’s adaptability to attitude of the countrymen is needed to bring that change. Not just this, if we have enough earned through our capabilities and skills or even inherited, we must sponsor a child for his/her education. It’s like giving life to them and their family. 

How to Ideate and Go lean!


As Victor Hugo remarked, There is nothing more powerful than an idea whose time has come.

The Idea: The idea is an iterative process of the mind, which develops over purpose, utility, imagination and design. Each raw idea goes then to the concept of validity and its feasibility in the marketplace. The idea then goes to the design thinking mind mapping process, where the idea is distributed like algorithmic process and enhances connections between the idea stage to the development stage to the product-market fit stage to customer acquisition stage.

Ideation Platform: One of the finest ideation platform is designed by Silicon valley serial Entrepreneur and founder of Lean Startup movement, Steve Blank. Steve Blank has proposed the LeanLaunchPad (www.leanlaunchpad.com) for educators, researchers and entrepreneurs to track down the complete ideation to customer ready prototype process in the Business Model Canvas platform, which questions the effectiveness of the static business plans that ends up as on-paper forecasting mechanism and fails to move ahead to create real business impact.

Customer Development/Pricing Model: As Mark Tyson said, Everybody has a plan until they get punched in the face, it holds true for startups that meet their customers for the first time. So, a set business model till the end without any tweaks and feedbacks will mostly result into a disastrous and not disruptive business model. The customer development process requires start to end iteration over their product launch and from valuable feedbacks from friends, relatives, suppliers, manufacturers, designers to the end customers. The economics of these feedbacks will then result into a better product and holds up the competition between players in the same industry over innovation and tweak-to-ready business models. As we collectively decide the market forces that affect us, the pricing model should also be the result of these feedback amplification process. A right pricing model determines largely the revenues over year per unit/service sold and the first 48-hour launch sales will introduce how the product is positioned in the market and in the social blogosphere. The pricing models should be varied and ranked with the different features the product provides and the value it creates in the end. The human tendency to react to several products with variable features make the product-market fit more predictable. The distribution channels and more affordable customer acquisition strategies are to be tweaked according the responses and interactions directly with the customer.

Lean Development: The ‘going out in the crowd’ approach will help rebuild and re-enhance the product development process using those customer feedbacks and will help in building the distribution channels and more effective and affordable ways to acquire more customers. According to the Lean Startup, the small tweaks in the product are referred as ‘iterations’ and larger, significant tweaks are referred as ‘pivots’. The value proposition of the startup/project has to be defined keeping in mind the larger impact the product is envisioned to make, like the BHAG (Big Hairy Audacious Goal) of any organization. A scalable, repeatable hypothesis of the business models is the foundation of the Lean Startup movement.

Here’s the Lean Launchpad Methodology proposed by Steve Blank for educators and entrepreneurs.

Other articles related to Lean Startup: 

Abstracts and Life of an Entrepreneur


There are few abstract pictures I clicked, of which all of them has some story behind it. I have linked these pictures to life of an entrepreneur.

The first is Life in a fast lane. We all know entrepreneurs have a fast paced life, have to keep up with every aspect of their startup/company and work to scale up or horizontal on every single day. This picture symbolizes that life an entrepreneur faces. They all have dreams and a hazy path to chase. Their startup is like this car, collectively moves forward and reaches the destination.

Life in a Fast lane

 

 

 

 

 

 

 

 

 

 

 

The Second is Run to live. An Entrepreneur always has to be on his toes and survive through all the odds. Importantly, a life of an Entrepreneur is like that of a Deer. A deer always has a fear from any carnivore, who chases him with an intention to eat him up. Here, the carnivores are the big fishes in the market, who are always looking for acquisitions, and an Entrepreneur always faces a dilemma, whether to get absorbed or survive through the odds.

Run to Survive

 

 

 

 

 

 

 

 

 

 

 

 

 

The third and the final one is The King and the Queen. An Entrepreneur if survives through all the challenges of starting and scaling up, he is the king in the house. He will be a Venture Capitalist‘s delight, Startup community’s inspiration and some Buck’s worth. The picture is taken over a light’s reflection in the river.

King and Queen

And that’s how abstracts around us come across unnoticed and tells us stories and gives perspective to our imagination. Maybe, I am just too fascinated about Entrepreneurship these days!

The Happy Mix of Life


Sometimes life has it own ways to tackle situations. An entrepreneur would risk his dreams over creations and product launches, a doctor risks his knowledge over procedures he/she performs, a lawyer would risk his professional position over settlements and a sportsperson would risk his performance over fame. Every facet of different career pathways have their own risks and returns in place.

People often compromise with their dreams over taking minimum risk and expecting high returns, which rarely turns into successful dreams. Taking example of stock markets: where investors diversify their risks over investing into sizeable number of companies and expect a high yield over the performance of the overall market. But, the bulls and bears doesn’t work out for all in the queue. Balancing risk and return is the key to go forward in making things successful. And goes on with life too, risk and returns are just like sorrow and happiness. It’s a cycle of your deeds, say Karma.

So a mix of both risk and return in appropriate balance creates something of value. And that value will always give happiness more than sorrows in the longer run. So lesson to be learned is: Mix of two (risk and return), with the blend of equilibrium makes a beautiful wine called high impact and high growth life.

Life and its Power of Compounding.


If you have taken a class of Finance 101, you might be aware of the consequences when we compound a present value to future value over a particular interest rate with the number of periods. That’s when, Finance turns into Magic. Let me give you an example, if someone invested $24 in buying Manhattan Islands in 1626, and over the years the interest rate, lets say is 6%, the value of Manhattan Islands today would be $240 Billion! This is the power of compounding.

We know our life today is the result of our efforts in the past. The interest rates is the result of our collective efforts. High interest rates symbolizes more efforts. More the efforts, better the gain. That’s when we know our life is being compounded each day. Let luck be the inflation! It goes up and down, but never comes in a way to our efforts. So, a lesson that Finance 101 teaches us, our efforts today will have a future value that is much more significant we can ever imagine. And luck is just a part and parcel, in some value more or less in the future.

Coming to what, we call it the Life Mantra. Think, if you can run away from the power of compounding, if you can’t, you need to take a Finance 101 class and discover the philosophical side of your life’s efforts to give and its expensive fruits to eat.