Category: India

A top business school graduate or a drop out of college, entrepreneurship is a game of the mind. One who has an understanding of what his immediate surroundings need and in how many creative ways can that be made available wins the game of entrepreneurship since the beginning. In a fast-globalizing world where everything one needs or rather wants is a click away, online food delivery start-up ideas have taken the market by storm for instance. Zomato, Food Panda, Swiggy can all be looked upon as the perfect example of understanding the need of the hour and devising innovative ways to deliver it.   We all need a ‘Guru’: However talented, smart and hardworking one might be, that fact that we all need a mentor to learn from, to look up to, to draw inspirations from remains. And entrepreneurship is no different. Every start-up idea when mentored by the right person has the potential of growing beyond leaps and bounds. While one can survive without a mentor in the start-up world, with someone around the journey is all the more wholesome. But what is important is to find the right mentor for startups. While there’s no set norm to finding the right mentor for your start-up, there are certain unwritten, unsaid rules that one should adhere to when either taking advice or seeking a mentor for startups.   Effortless Communication: Each person has a distinct way of thinking, perceiving and understanding. The most important thing when seeking a mentor is to find a person who not only understands your ideas but also keeps an open mind about the manner in which you perceive those ideas. A mentor need not be a stalwart from the same field, or an extraordinarily learned human being out there to spread his knowledge. The frequency of your meetings with your mentor for startups doesn’t matter. A mentor can be anybody you look up to. Anybody who inspires you. It could be a family member, a friend, a teacher, a colleague, or even someone you have never met but whose ideas inspire you greatly. What is important is to have a level of understanding where communicating ideas comes effortlessly. It is a universally accepted fact that all those engaged in start-ups have tons to learn about their field, about the world they are catering to, and the nuances that hold the capacity of making their ideas either a complete hit or an absolute flop. 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.fca_eoi_layout_15.fca_eoi_layout_postbox div.fca_eoi_layout_submit_button_wrapper input { background-color: #003244 !important; }#fca_eoi_form_7239 .fca_eoi_layout_15.fca_eoi_layout_postbox div.fca_eoi_layout_submit_button_wrapper { background-color: #003244 !important; }#fca_eoi_form_7239 .fca_eoi_layout_15.fca_eoi_layout_postbox div.fca_eoi_layout_privacy_copy_wrapper { font-size: 14px !important; }#fca_eoi_form_7239 .fca_eoi_layout_15.fca_eoi_layout_postbox div.fca_eoi_layout_privacy_copy_wrapper { color: #949494 !important; }#fca_eoi_form_7239 .fca_eoi_layout_15.fca_eoi_layout_postbox div.fca_eoi_layout_fatcatapps_link_wrapper a, .fca_eoi_layout_15.fca_eoi_layout_postbox div.fca_eoi_layout_fatcatapps_link_wrapper a:hover { color: #949494 !important; } Startup Handbook: Build A Business From Scratch Get instant access to this ebook on building a business from scratch worth $19 absolutely FREE!   Hesitation Kills: Don’t be afraid to ask for help. A mentor for startups can be found all around you. You never know where you find that one person who can completely change your life for the better. Talk, talk, talk. Talk about your ideas. Make them heard. When you do find the one who understands your thought process, the exchange of ideas will seem surreal. Your ideas will echo with the advice of your mentor and your instinct will tell you that this is the person you’ have always been looking for. It is tough to imagine such a miracle happening in reality, but that’s the magic of connection. The person you truly understands your ideas and appreciates them will give you solutions to your entrepreneurship problems before you even discuss them with him. And once you find such a person, never let go.   Excitement engenders growth: It is important that your mentor shares the same excitement for your ideas as you do. Not only does that show his interest in your idea but also keeps you motivated through your struggle for recognition. A mentor will not always praise you. He will be your harshest critic but only for the best. He will pull you back when he feels you’re heading in the wrong direction. And most importantly he will be the one to raise your spirits, every time you think of giving up. So just go out there and accept help unhesitatingly. So, what are you waiting for? Go out there, make your ideas heard and win the world.

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India has a history of being a conglomerate-heavy market space. Big corporations, large tenders and bigger workforces were the norm for the formative years of the Indian economy. Indeed, a couple of decades ago, you wouldn’t expect college graduates to work in startups or start their own business, given the ample infrastructure to absorb the incoming workforce. However, the business landscape of India has definitely changed. Where India had a solitary startup unicorn in 2012, it now boasts a catalogue of 34 startup unicorns that have seen funding in startups go through the roof. In the period between 2014 and 2019, India added 26,000 startup ventures to its burgeoning market, taking the total tally of startups launched in India to 55,000; almost double the numbers that existed in 2014! What was once considered to be a niche is now revealing itself to be the Queen of the chessboard that is the Indian market- and every measurable metric suggests that this upward trend will only continue as we move forward. Why Work in Startups? Work in startups might seem like too much for too less- after all, the amount of effort you put in might seem disproportionate come payday. But make no mistake- many a diamond has been forged in this environment, and some of the best success stories in business are owed to startups. There are several benefits to finding work in startups. For starters, the impact your effort has is instant and lasting. Startups, by design, have smaller teams which means more responsibilities for each member of the organization. This puts you on the frontlines of the work frontier- you are constantly checking the pulse of the market, coming up with new innovative ways of advancing set targets and goals, and gaining much-needed experience. Moreover, increased responsibilities implies more opportunities, as a startup compels you to consistently add to your repertoire of skills which makes you an asset for your company or any company that you join in the future. The many hats you have to juggle as part of a startup refines you into a well-rounded asset that can complete multiple tasks across the board with ease and expertise. You’ll be instilled with the values of hard work, ownership, and self-sustainability- all things crucial to find even a modicum of success. Perhaps the greatest perk of getting work in startups is the work culture. Unlike the environment of an MNC, work in startups promotes a culture that is highly inclusive and doesn’t put stock in unnecessary quirks of being “on-the-job”. Work in startups is comparatively laidback, owing to its intimate nature, where team members can bond over their collective successes and failures, and do so in a t-shirt and shorts! The unconventional office spaces, small yet close-knit unit of workers, and a cheerful intimate work culture that builds a competent team of individuals with meaningful relationships is the biggest reason for seeking out work in startups. 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startup capital of the world. However, not all the criticisms surrounding a startup are unfounded- if you want to learn and grow with the best, you need to actively seek out the best. The following is a list of 16 such organizations to start work in startups with, which will groom your career and hone its proverbial edge: OYO Homes & Hotels Perhaps the epitome of a startup success story: what started as OYO Rooms in 2013 is on track to become the world’s largest hotel chain by the year 2023. This startup company manages more than half a million properties all across India and 9 other countries. In less than a decade of existence, they have already revolutionized the hotel business. It has grown to the extent that it even offers incentives that a handful of Indian brands can afford- competitive market compensation, employee stock options, company-mandated healthcare schemes and much more! There can be no better starting point for you to do work in startups. Cure.Fit If you are even remotely interested in exercise and having a healthy lifestyle, chances are you have heard of Cure.Fit. One of the leading fitness apps in India, Cure.Fit brings together all aspects of a healthy life with them- and this goes beyond just physical and mental wellbeing. Cure.Fit employees are guaranteed exciting perks and privileges, including food allowances, flexible working hours, greater freedom in handling projects, and a structure that champions merit over hierarchy, allowing you to spread your wings as much as you’d like. Bounce A bike-renting app that has paved the way for many others, the way Bounce works is simple- choose the location you want to go to, pick a bike, travel, and you’re done. No time hassles. No unnecessary interactions. Pure deliverance. Employees at Bounce report a fun, productive and learning work environment, with pensions, healthcare as well as mentorship programs. Rivigo A company that provides express surface logistics all across the country, Rivigo is one of the most promising organizations to start work in startups with. The company has recently been granted patent rights by the United States Patent and Trademark Office for its revolutionary relay truck model. What’s more important are the benefits they offer employees, including healthcare & insurance, employee stock options or equity shares, as well as on-the-job training and tuition- they give you all the tools needed to start work in startups. Razorpay A payment gateway that integrates multiple payment modes like debit cards, credit cards, net banking, UPI, and prepaid digital wallets, Razorpay is as good with its employees as it is with keeping your money safe. Flexible working hours, state-of-the-art amenities and secure insurance policies all make Razorpay a good starting point when looking for work in startups. TapChief One of the premier networking platforms for business professionals online, TapChief is a platform where you curate your personal brand. It is one of the best places to work in startups, with employee perks including unlimited vacation days, pet-friendly offices, and regular sessions on skill development. Playment A data labeling platform that builds and innovates upon machine learning technologies, Playment offers its employees a competitive salary and flexible working hours alongside team-building activities like sporting events and office parties- making it the perfect fun yet competitive working environment to bring out your best. InterviewBit When finding work in startups, we must assess their potential on the whole. A platform that hones your interviewing skills to perfection, InterviewBit is great not just for the technical knowledge it imparts, but also for the employee benefits they provide, including relaxed working hours, healthcare schemes and insurances to secure your future. upGrad One of the frontrunners in the burgeoning online education sector, upGrad provides its employees with every standard benefit that would otherwise be secured by an MNC and has a work environment second to none. Definitely a good place to begin! ACKO India’s first InsurTech company, ACKO makes buying and using insurance as seamless as the hassle-free work experience you would have with them! Experience gained through work in startups like ACKO will shape you into the perfect asset. Mfine Combining AI with medical consultancy, Mfine is breaking ground in both the world of technology as well as employment. The two-year-old company is expanding rapidly and offers a youthful and dynamic workplace with lucrative incentives. Dunzo A delivery app that has gained serious traction over the past couple of years, Dunzo delivers everything- from packages to groceries and medicines. What’s more, they deliver one of the best environments to start work in startups with! Employee perks include medical coverage, parental leaves, wellness camps, and additional incentives via Dunzo cash. UDAAN A network-centric business that brings together buyers and sellers from across the country on a single, easy-to-access platform, UDAAN gives you every reason to make it the start of your career. From insurance to pensions to ESOs- work in startups that value you, like UDAAN to make the most of the experience! Digital Insurance Digital Insurance labels itself as “the simplifier” by not just making it easier for their clients to avail proper insurance schemes, but also providing a plethora of incentives for their employees- performance bonuses, coverage of job-related shifting costs, employee discounts; and that’s just scratching the surface! Meesho Perhaps one of the fastest-growing e-commerce platforms in India, Meesho is a place where anyone can resell their belongings with no hesitation. Coverage for various insurance plans, parental leaves as well as work-from-home options are some of the major employee benefits you can avail while working with them. 16. Paavan Paavan is a dharmik app built for Bharat. Devotion and spirituality has always been a focus for a majority of Indian audience but with increasing stress, raging pandemic and poor lifestyle choices, more and more people have started looking inwards to find meaning in their hustle. Paavan is on a mission to help people connect with their inner selves and lead a more meaningful life.   How Can You Find Work in Startups? Job-hunting can be a tough ordeal, but believe it or not, finding work in startups is a much simpler process. Due to the very nature of a startup, recruitment mostly occurs based on referrals or from online recruitment platforms. Some of the best places to find work in startups online are: LinkedIn Monster.com Naukri.com Indeed FlexJobs GlassDoor Working with a startup is the perfect way to launch your career in 2021- whether you plan to start your own business eventually, or move onto greener pastures, and the clinching factor is that you always work with a startup and not for them!   Top picks for you: Top Startup Business Loan For Women Entrepreneurs 5 Successful Startups That Started At Coworking Spaces In India

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Indian Finance Minister Nirmala Sitharaman unveiled the Union Budget 2021 on 1 February this year. The budget has got a strong focus on digital transformation and economic growth after the market recession caused by COVID-19. Looking at the increasing focus of government on Indian Startups and SMEs on this year’s budget we can safely call the budget 2021 for small business. In order to present this longest budget address, she used a made in India TAB this year. The focus is on the important sectors for the new-age economy. The budget also propose higher expenditure on healthcare, manufacturing, education and infrastructure employment.   Major Changes From Union Budget 2021 for Small Businesses Finance Minister Nirmala Sitharaman declared in her third speech to the budget a handful of steps to improve MSME and start-up ecosystems looking for reforms. Essentially, these steps will speed up their development and use their COVID-driven tailwinds to achieve digital growth. The post-pandemic and the digital budget announcements have mostly addressed issues of small enterprises. This will help in terms of business ease and the insolvency mechanism as well as easing requirements for start-up funding. Below is the summary of what all Sitharaman has offered in the budget 2021 for small business: 1. Tax Holidays Extension for Startups Sitharaman proposed an expansion of tax holiday for start-ups to another year during his Union Budget 2021 address. It will be now valid till March 31, 2022. Also, she announced that the Government is proposing to extend the duration of eligibility to demand an exemption from capital gains for investments made in start-ups by one more year until 31 March 2022 to promote investment in start-ups.     2. Encouragements to One-Person Company The finance minister declared that OPCs (One Person Company) will expand without any constraints on paid-up capital and turnover. This is aimed to help start-ups while developing one-person companies. The Minister also authorized their conversion to any other form of business at any moment. It also reduced the Indian Citizen’s residency limit from 182 days to 120 days to establish the One Person Company.   3. Reducing Compliance Burden on startups The FM also suggested that the Company Act 2013 definition be updated for small companies. This will raise their capitalization limit from INR fifty Lakh to INR two crore and turnover from INR two crore to INR twenty crore. Under the current definition under the company act of small businesses, a significant number of start-ups are referred to as small businesses. Small companies have some advantages over other businesses in terms of regulatory requirements. For example, in comparison with other businesses that have four meetings at one time, a small enterprise would only need two board meetings in one year. In a separate announcement that would ease the burden of enforcing start-ups, Sitharaman suggested using the study of data, artificial intelligence, and master learning, regulatory filings will be made more frictionless for companies and startups in the portal of the Ministry of Corporate Affairs (MCA). The government has suggested that the Ministry intends to include AI-based features in MCA-21 when portal version 3.0 is released. This is important for the start-up ecosystem, as MCA-21 shares vital knowledge with different stakeholders, such as regulators, investors, and businesses. All filings under different laws can be submitted for businesses and enterprises in India on this portal.   4. Reduction of Customs Duty The Government declared a uniform customs duties cut of half finished and long finished unalloy, alloy and stainless steel to 7.5%. This will help small and medium-sized enterprises and other user industries that have been severely affected by the recent increase in the price of iron and steel. Sitharaman also declared an exempt duty on steel scrap. This will provide relief to metal recyclers, most of whom are MSMEs for the time up to 31 March 2022. The Minister has also indicated that the taxes on steel screws and plastic construction goods rise from 10% to 15% to support MSMEs.   Subscribe to our newsletter and get the latest updates on entrepreneurship and digital marketing delivered right in your inbox! (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Email address: Leave this field empty if you’re human:   5. Quick Resolution of Insolvency To ensure a quicker settlement of cases, Sitharaman said that the structure of the National Company Law Tribunal (NCLT) will be improved. The e-court system, alternative debt resolution methods and a separate framework would be put in place. This will further help small and medium-sized enterprises.    6. Withdrawing Exemption on Imports According to Sitharaman, another change brought by budget 2021 for small business announced the deletion of the leather import exemption. The MSMEs manufactures leather domestically in good quantities and quality. This will further boost their business.   7. FDI booster shot for Insurtech The plan to amend the Insurance Act of 1938 to lift the Authorized Foreign Direct Investment Cap (FDI) from 49 percent to 74 percent for insurance companies in the Union Budget 2021 was among the main decisions of the budget. This would make the owner and control by international insurance firms with certain protections in the country. The majority of the directors in the boards of such firms and those major managers should be resident Indians. It also specifies that 50 percent of directors should be independent directors and that a certain amount of the profits should be maintained as general income. The FM claimed that such initiatives would have a multiplier effect with sufficient private-sector funding and expenditure and would cover a wide section of the Indian population. This regulatory reform should encourage more start-ups and small companies in the industry.   8. Fintech in focus In order to increase the penetration of digital payments and boost financial inclusion, the Indian government proposed a budget of INR 1,500 Cr. The Government will also introduce the bill on INR 20,000 Cr Development Financial Institutes. This will increase the accessibility for small businesses and MSMEs with an outlay of INR 20,000 Cr. The government has proposed a reduction of the marginal money requirement by 25% to 15% and loans for agriculture-related activities. This will further encourage credit flow for planned castes and tribes, as well as women entrepreneurs under the Stand Up India scheme.   9. Expansion Roadmap or National Education Policy The Minister of Finance, announced in the 2021 Union Budget that the government will extend the initiative to specific regional policy colleges in 2020. The FM also announced steps throughout the country to improve skill development initiatives. To include various facets of national education policy, more than 15,000 schools have been qualitatively enhanced. They will help other colleges in their region and mentor them. She announced the development of 100 new Sainik Schools in collaboration with private schools, public schools, government and NGOs. This will further induce small businesses to raise in this sector. Sitharaman confirmed that  the higher education legislation will be introduced in 2021. This is after the proposals announced in the budget last year for the creation of a Commission for higher education. It will be an agency that sets standards, establishes accreditation, controls, and provides support.   Final words on budget 2021 for startups The Economic Survey predicted GDP growth of 11 percent earlier in the fiscal year 2021-22. It remains to be seen whether key sectors have the drive to achieve this benchmark using increased government spending. In the meantime, the key goal of the Union’s 2021-21 Budget is growth for start-ups. The government has already implemented several measures for the growth of small businesses in India. Hope this new budget 2021 for small business will further accelerate the growth of startups. Liked this article? Read more: https://digest.myhq.in/11-platforms-to-secure-working-capital-loans-for-your-business/ https://digest.myhq.in/18-best-startup-resources-tools-to-grow-your-business/

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Having a website is no longer an option for most small companies; it is a must to succeed. And you need a decent web host for a great website. Using free websites such as blogger.com can make your business appear unprofessional to potential customers. A good web hosting in India can have useful features such as e-commerce setup, blogging, e-mail addresses, security, and more. There are several hosting service providers available for efficient hosting of your website. However, you have to specifically address your core issues before choosing a web hosting in India. In reality, the volume, control, technical know-how, server speed, and reliability of your site varies depending on the server.     Different Web Hosting Formats Check out some of the most common web hosting formats that businesses use most frequently:   1. Shared Hosting In case your business is just entering the online space than shared hosting of the website is perfect for you. This package helps you to host your website with other websites on the very same server. Both domains share the same host services, including RAM and Central Processing Unit, through a shared hosting package. The shared hosting costs, however, are relatively small as all resources are distributed, making them an excellent choice for website owners in their early stages. In the majority of instances, new entrants find this as the most convenient way of hosting their website. There are also various useful tools for collaborative hosting activities such as creating websites, hosting WordPress, and the ability to link to customers. While shared hosting allows website owners a simplified solution, it is a compromise that you share the server with several other website owners. This entails the potential effect of spikes on your website’s user experience. For website owners who do not generate a significant volume of web traffic, shared hosting plans are perfect.   2. Dedicated Server Hosting Dedicated server hosting gives you absolute power to control the website after hosting. Because you rent the server and get exclusive space for your website. This ensures that you have access to full root, admin, security and operating system for easier control. However, this type of hosting is costly if compared with other available options. They are basically used by high-level website owners and those who need complete control of their servers. Furthermore, the server can be implemented and managed only with a high degree of technical ability.     3. VPS-Virtual Private Server Hosting A Virtual private server hosting plan is the ideal combination of shared and dedicated server. It is best suited for the website owners who want more control without a dedicated server. VPS hosting is very popular because individual website is hosted inside its own space on the internet, although the physical server is the same. VPS hosting offers more customization and storage space for website owners. However,  they are still not able to manage extremely high traffic levels or usage spikes, which means that other sites on the server will still impact the performance of the site. VPS hosting is usually used by website owners who do not have the necessary technological expertise but want dedicated hosting. It is the perfect option for professional users and others who wants installations of complex software and packages.     4. Cloud Hosting Cloud hosting is the most current concept in the technology industry. It means that many computers function together in terms of web hosting, running applications utilizing shared computing resources. It is a hosting solution running over a network that enables businesses to use the device as a resource. Under this model, the resources being used are distributed over many servers, minimizing the probability of any downtime due to a malfunction of the server. 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While web hosting is a matter of selecting a package that matches your needs, many different choices can be made based on your requirement. Each plan meets the requirements of various groups and you need to ensure that you select the right plan for your company by understanding the exact requirement for your website. The main features that you should consider when selecting a web host include the type of your website, facilities offered, budget, and expected traffic. Here’s a short rundown on the advantages of each form of hosting: Shared Hosting: The most cost-effective choice for websites with little traffic. VPS Hosting: Ideal for the website owner who doesn’t want to spend much, but wants better control Cloud Hosting: It works best with rapidly increasing websites and needs scalable features Dedicated Hosting: Expensive option for big websites where you need to manage all technicalities   Best Web Hosting Solutions In India for Small Businesses Here are some of the companies to consider if you are looking for the most popular web hosting in India   1. GoDaddy GoDaddy, probably the biggest hosting name, is ideal for organizations who want an all-inclusive solution. Hosting, field names, e-mail addresses, and online marketing resources are all available from the same platform. So, even though it’s not the most attractive price-wise, it can be a good choice for companies looking to keep things easy.   2. Bluehost Bluehost is another hosting company that provides quick hosting solutions that are suitable for organizations that don’t want to spend loads of time setting up the website. It offers 24-hour support so you can easily get the system starts and working.  It also offers fast integrations with WordPress, Google’s advertising apps, and WooCommerce.   3. HostGator HostGator offers a variety of hosting options, including web hosting, VPS, cloud, and shared hosting all available in many tiers. So, as long as you are intelligent enough to decide which choice works better for your business, you can essentially build the strategy. However, pricing varies greatly due to the availability of various choices.   4. Sitebuilder In case you are a beginner, a tool like a Sitebuilder will make it simple for you. It makes your website easy to run with templates and drag-and-drop design features during the initial step. It also helps you to make minor changes to your site quickly, but as your company expands, you will probably want to move to a more complete hosting service provider.   5. Amazon AWS The AWS platform from Amazon provides a range of resources to help companies and people create their websites and web hosting in India and across the world. You need some technical skills to pull it together. But this can be a good choice if you want something that is truly tailored for your company and usually reasonably inexpensive.   6. Wix.com Wix is a popular web hosting platform. It is having one of the drag-and-drop editors that are particularly helpful for small businesses and startups. The free plan comes with a Wix domain, but it’s not exactly a perfect match for companies who want to look professional and make it easy for clients to access their website.   7. DreamHost DreamHost offers web hosting services for WordPress, VPS, and many more. It offers hosting solutions in the shared, dedicated and cloud formats. It provides simple web application installation, dedicated support, and a tool for designing a unique Internet site.   8. Liquid Web Liquid Web is a managed dedicated server hosting provider. A variety of applications and other add-ons are provided by the company so you can create the site you want. However, you require some technical know-how to use this web hosting service provider.  And because it’s more robust than many of the others, it also appears to be a little more expansive.   9. SiteGround SiteGround provides hosting solutions using the latest technologies to keep the speed of the website high and make it secure. It also provides several options for cloud hosting and shared hosting too.   10. 1&1 IONOS 1&1 is a company that provides web hosting for online companies. It also provides domain names, related services, and cloud servers with the hosting solutions. Plans for small businesses are reasonably inexpensive on this hosting service provider.   11. Just Host Another low-cost alternative to the free website hosting firm is Just Host. They have perfect shared hosting plans to build a starter website. Each plan includes a free domain name, limitless email addresses, multiple websites, and 1-click installation for CMS applications.   12. WordPress.com WordPress.com is a popular website for free hosting, providing a special WordPress flavor. It offers a free website hosting plan that provides you with a subdomain of WordPress.com (i.e. your website.wordpress.com), 3 GB of storage, and access to your free templates for your website. On your website, this free plan shows advertising. You may change their paid plans to get rid of ads using a custom domain name and access extra features.   Liked this article? Read more: https://digest.myhq.in/10-things-to-keep-in-mind-when-designing-a-website/ https://digest.myhq.in/15-best-interactive-videos-how-to-use-them-in-your-strategy/  

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