Aspiring startup entrepreneurs should follow their instincts more than anything else and wannabe investors should look at their venture only as a second option.
These were some of the key observations that emerged from the final panel discussion on Homegrown Startups at Manorama ONline Geojit Techspectations 2018 here on Saturday.
While building a new product, it is vital to ensure that the value of the offering would be double for the customer from a scenario in which your product was not available.
Patience, persistence and passion should drive aspiring entrepreneurs, according to the panelists.
Nagaraja Prakasam, angel investor, mentor and fund advisor; Dr. Nishanth B Singh, Founder & CEO, EduLanche Services Pvt Ltd; Joseph Palathingal, founder & CEO, CarePact; Asif Basheer, MD, Chillar Payment Solutions; and Aardra Chandra Mouli, Founder & MD, Aeka Biochemicals were the participants of the last session.
Read more on Techspectations | Business News
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Don't wait Start Up, says Asif Basheer
Believe in yourself never compare yourself with anyone else, if you want to start a company then follow your heart, says Nagaraja Prakasam
Dr Nishanth B Singh asks wannabe entrepreneurs to start it as a second option and once it is up and running go on with it
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5 years ago
Don't wait Start Up, says Asif Basheer
Believe in yourself never compare yourself with anyone else, if you want to start a company then follow your heart, says Nagaraja Prakasam
Dr Nishanth B Singh asks wannabe entrepreneurs to start it as a second option and once it is up and running go on with it
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Understanding the customer is the one technique that worked for Asif Basheer
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Aadra Chandra Mouli feels the one sales technique that worked for Aeka Biochemicals persistence
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Kiruba Shankar spots a naga logo on Nagaraja Prakasam's shirt. Nagaraja jokes that why he should promote some of the big apparel brands when they are not paying him for wearing it.
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Did you know Aardra Chandra Mouli, MD Aeka Biochemicals, wrote to leading FMCG firms to stop featuring kids wasting water in their soap advertisements?
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Next at Techspectations is a panel discussion on Homegrown Startups Nagaraja Prakasam, Dr. Nishanth B Singh, Joseph Palathingal, Asif Basheer and Aardra Chandra Mouli
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Will 5G disrupt the effect of 4G and Jio?
In some way the 5G is not any different from 4G. What it enables is different use cases. If it is media, video it is going to get better quality. The screens are going to get better. But in 5G the things that are going to be interesting are services. Like enabling an autonomous bus that has to talk to some server in the cloud. For it to make the decision in milliseconds is not possible in the 4G world today. In the 5G world we would see more interesting technology, says Vijay Kolli, Head Mobile Strategy - APAC at Akamai
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Next at Techspectation 2018 is a panel discussion on Emerging Media with Ben Morrell, Vijay Kolli, Ratnesh Mehra and Rinosh George
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"You have to start with the customer experience and work backwards to the technology"
Ram Seshadri concludes his keynote quoting Steve Jobs
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Beware of your customer's journey, says Ram Seshadri and here are the points to watch for
Awareness – Search, Discoverability
Discovery – Digital presence, content marketing, personalisation
Consideration – product comparisons, search and merchandising, reviews & customer testimonials
Conversion – Commerce presence, shopping transacting, payment and fulfilment
Loyalty – Customer dialogues, email, newsletter, look-alikes of your best customers
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