Launching is successful venture is very much like a journey of Sperms where only one out of millions gets an opportunity to give the life. Daily there are several Start-ups which are popping up in the market out of which only few get a chance to taste the success and rest get disappears. Launching a venture is easy but pursuing your passion to pursue it to next level is what defines your success. The moment you lose your passion and focus, you will lose in the race of success
I have been recently bitten by an entrepreneurship bug and have been reading, exploring about how to launch a venture which can help me to pay community back which has given me everything which I could ask for. My journey has been far more challenging then what I thought and at many times I lost my direction. Entrepreneurship is a self-evolving journey where every step you take will give you an option to choose from different new steps leading in different direction.
Being associated with an IT industry and companies working on offshore models I have gained many insights about how and what type of business operates in this industry however when it came to put my thought in a structure I understood how difficult it is to make it happen and one can end up spending sleepless nights to put it in structure.
Based on my understanding and knowledge, I have spent a lot of time in analysing about core things which I believe must be answered before I present it to market. Few of them are listed below:
- Services my venture should be offering
- Markets we should be targeting
- What makes us competitive and stand outside the crowd
- Do we have a passion to address client issues
- What kind of talent we should be hiring
In the process of answering above points, I took an opportunity to meet and speak many experts who either have supported several executives in launching their ventures or have their own successful ventures in the market. In addition of seasoned experts, I also met newbies who were fairly new, less experienced and trying to launch their new start-ups. Idea of such meeting is to understand the challenges which they have faced/facing and how they are making sure that they stays passionate.
My every meeting and discussion has given me new perspective to my thought process and helped me to filter, define my offerings in a better way. Few of those discussions were highly motivating, few were mix of positive and negative and few were hopeless but the core of every discussion was to focus on important things which will eventually help an entrepreneur to be become successful and have a successful venture.
If I have to summarize my all discussions and meeting to provide meaningful solution, I believe I can sum that in few points which are well known and shared by lot of experts however not everyone believe them till they themselves get their hands dirty in trying them. They will be:
- The problem and pain areas which your venture will be solving
- Why your potential customer think that as a problem and pain
- What solution/service you will offer to solve that problem
- How better your solution/service is from your competitor
- Do you have a passion to pursue that
My new venture Globality Consulting does answer above points, but these are not the only guidelines which we got to keep in mind. There is lot in there and as I mentioned above, every step we take to stabilize our own venture, a new thought comes to mind which will look more lucrative but if you are not passionate on what you started and lose focus then you opt for those options and get into a vicious, never ending circle of losing your patience and your dream and then you will end up like other sperms which don’t get chance to give life.