“Makarand, I am worried about the impact of the global recession. There is a lot of talk going on. Some companies have stopped hiring in anticipation. Do you have any suggestions on how to deal with it?” “Yash, thanks for bringing it up. Yes, it is something we must consider. No one knows really knows when it will start, how...
What does Being ethical mean? It’s a hard-to-define term. Especially for a business. It is not something that a company can start after it reaches a particular size. It has to be part of the company’s DNA right from the start. Ethical startups are seen to be acting on two aspects. One is ethics in their business dealings and the...
Yash, have you thought about who will run your business after you?” “Are you serious? I just started this business a few months back. I have a long time to retire. Why should I worry about it just now? ” “Yes, but you want to scale it big, don't you? Do you think you alone will be able to manage it?” Succession planning is required to...
Startups are under pressure to deliver on many fronts. They need to make sure they have excellent value preposition, They are in hurry to take their solution to the market as soon as possible, and they are working hard on getting the funding and keeping the company afloat from month to month. In this day to day nitty-gritty, the startups...
“Salary expectations are going above the roof. It has become difficult to hire new engineers. Existing engineers are working very hard. We must compensate them in some way. What is your recommendation for employee stock options? Will that create the required bonding for the long term?” “Nice thought, Yash. To use it effectively, one must understand the tool well. Let...
Startups are seeing a downturn in funding after a 13-year of bull run. Global funding for startups is set to fall by 19% in Q2 22 from the previous quarter. Y Combinator advised founders to plan for the worst and prepare for an economic downturn. The downturn will create challenges for the founders. The first goal in the downturn should be...
“It has been more than a few months now. The product is not taking the shape it should. I am waiting and getting nervous in the process.” “Cool down Yash. Your anxiety is quite visible. What are you doing about it?” “There is not much I can do. I am waiting for the team to deliver on their promise. I wish I could write some code myself and...
I was looking at the factors that make or break the startup. Did you know that the study shows that 60% of new ventures fail due to problems with the team? The team is the secret sauce that makes or breaks the startup. What makes a successful startup team? The common answer would be a motivated team that has top-class industry...
We have traveled a long period of time with Mandira in our story. Just recently she got promoted to the executive position. She is leading a whole division now. She went to meet her mentor with this good news. Her mentor was very pleased to hear the news. “Congratulations Mandira! You are doing well” she said. “I am very excited and scared...
“Now that we have the development going on at full speed, I can breathe easy. I have started looking at the financials and plans for the next few months. I think we have enough money in hand for the next few months. What should be my next goal?” Yash looked relaxed today. “Start looking for angel investment.” It was a...
