Saurabh Dwivedi
@saurabhdwivedi.com
Chartered Accountant | MS Finance
Reposted by Saurabh Dwivedi
The United States is the best of countries, it is the worst of countries, or at least of the high-income ones.
The sustained prosperity of the US is astounding.
www.ft.com/content/a757...
The sustained prosperity of the US is astounding.
www.ft.com/content/a757...
December 4, 2024 at 2:17 PM
The United States is the best of countries, it is the worst of countries, or at least of the high-income ones.
The sustained prosperity of the US is astounding.
www.ft.com/content/a757...
The sustained prosperity of the US is astounding.
www.ft.com/content/a757...
The work that goes between dreaming up an idea and opening for business is an entry barrier that keeps copycats at bay.
In the end, it's crossing the finish line first that makes you the winner, not having the fanciest shoes.
In the end, it's crossing the finish line first that makes you the winner, not having the fanciest shoes.
November 22, 2024 at 11:02 PM
The work that goes between dreaming up an idea and opening for business is an entry barrier that keeps copycats at bay.
In the end, it's crossing the finish line first that makes you the winner, not having the fanciest shoes.
In the end, it's crossing the finish line first that makes you the winner, not having the fanciest shoes.
Protect your idea through:
- Patents
- Confidentiality Agreements
- Fast Execution.
The best protection against IP theft is quick implementation.
- Patents
- Confidentiality Agreements
- Fast Execution.
The best protection against IP theft is quick implementation.
November 22, 2024 at 11:02 PM
Protect your idea through:
- Patents
- Confidentiality Agreements
- Fast Execution.
The best protection against IP theft is quick implementation.
- Patents
- Confidentiality Agreements
- Fast Execution.
The best protection against IP theft is quick implementation.
Feasibility & Profitability:
- Can you really pull it off?
- How much money can be made? How?
You should have a rough framework of the revenue channel ready. Ideally, startups should have gross margins above 40%.
- Can you really pull it off?
- How much money can be made? How?
You should have a rough framework of the revenue channel ready. Ideally, startups should have gross margins above 40%.
November 22, 2024 at 10:55 PM
Feasibility & Profitability:
- Can you really pull it off?
- How much money can be made? How?
You should have a rough framework of the revenue channel ready. Ideally, startups should have gross margins above 40%.
- Can you really pull it off?
- How much money can be made? How?
You should have a rough framework of the revenue channel ready. Ideally, startups should have gross margins above 40%.
Product innovation focusses more on enhancing Customer Value.
Process innovation is targeted at lowering costs & faster processes, & passing on the savings to customers in the form of lower prices.
Process innovation is targeted at lowering costs & faster processes, & passing on the savings to customers in the form of lower prices.
November 22, 2024 at 10:52 PM
Product innovation focusses more on enhancing Customer Value.
Process innovation is targeted at lowering costs & faster processes, & passing on the savings to customers in the form of lower prices.
Process innovation is targeted at lowering costs & faster processes, & passing on the savings to customers in the form of lower prices.
Innovation can take two forms:
- Product Innovation: Develop something new.
- Process Innovation: Develop a better way to produce, market, or distribute an existing product.
- Product Innovation: Develop something new.
- Process Innovation: Develop a better way to produce, market, or distribute an existing product.
November 22, 2024 at 10:51 PM
Innovation can take two forms:
- Product Innovation: Develop something new.
- Process Innovation: Develop a better way to produce, market, or distribute an existing product.
- Product Innovation: Develop something new.
- Process Innovation: Develop a better way to produce, market, or distribute an existing product.
Define the target customer loosely.
Define:
- Why your idea will be of value to this group in particular?
- Why this group is financially most interesting to you?
Define:
- Why your idea will be of value to this group in particular?
- Why this group is financially most interesting to you?
November 22, 2024 at 10:33 PM
Define the target customer loosely.
Define:
- Why your idea will be of value to this group in particular?
- Why this group is financially most interesting to you?
Define:
- Why your idea will be of value to this group in particular?
- Why this group is financially most interesting to you?
Demonstrate:
- How big the market is?
- Which target group is it designed for?
- To what degree does it differ from the competition?
Don't delve in too much detail. Rely on official statistical sources & internet to get the data.
- How big the market is?
- Which target group is it designed for?
- To what degree does it differ from the competition?
Don't delve in too much detail. Rely on official statistical sources & internet to get the data.
November 22, 2024 at 10:31 PM
Demonstrate:
- How big the market is?
- Which target group is it designed for?
- To what degree does it differ from the competition?
Don't delve in too much detail. Rely on official statistical sources & internet to get the data.
- How big the market is?
- Which target group is it designed for?
- To what degree does it differ from the competition?
Don't delve in too much detail. Rely on official statistical sources & internet to get the data.
Your USP should be obvious to the potential investor.
Keep this point in mind when you're making investor presentations!
Keep this point in mind when you're making investor presentations!
November 22, 2024 at 10:29 PM
Your USP should be obvious to the potential investor.
Keep this point in mind when you're making investor presentations!
Keep this point in mind when you're making investor presentations!
Create a Unique Selling Proposition.
A good USP requires two things:
1. The business concept must make sense to the customers i.e., they must understand its benefits clearly.
2. It must offer a significant value to the customer over a competitor's product.
A good USP requires two things:
1. The business concept must make sense to the customers i.e., they must understand its benefits clearly.
2. It must offer a significant value to the customer over a competitor's product.
November 22, 2024 at 10:28 PM
Create a Unique Selling Proposition.
A good USP requires two things:
1. The business concept must make sense to the customers i.e., they must understand its benefits clearly.
2. It must offer a significant value to the customer over a competitor's product.
A good USP requires two things:
1. The business concept must make sense to the customers i.e., they must understand its benefits clearly.
2. It must offer a significant value to the customer over a competitor's product.
The product is merely a means of delivering value to customers.
Sell benefits, not features.
Pro tip: Express the customer value in figures. Quantify everything.
Sell benefits, not features.
Pro tip: Express the customer value in figures. Quantify everything.
November 22, 2024 at 10:25 PM
The product is merely a means of delivering value to customers.
Sell benefits, not features.
Pro tip: Express the customer value in figures. Quantify everything.
Sell benefits, not features.
Pro tip: Express the customer value in figures. Quantify everything.
"The key to success in marketplace is satisfied customers, not great products."
Be able to clearly show which customer need will you fulfill.
Innovator vs. Entrepreneur vs. Investor ~ everyone will see an idea differently.
Be able to clearly show which customer need will you fulfill.
Innovator vs. Entrepreneur vs. Investor ~ everyone will see an idea differently.
November 22, 2024 at 10:23 PM
"The key to success in marketplace is satisfied customers, not great products."
Be able to clearly show which customer need will you fulfill.
Innovator vs. Entrepreneur vs. Investor ~ everyone will see an idea differently.
Be able to clearly show which customer need will you fulfill.
Innovator vs. Entrepreneur vs. Investor ~ everyone will see an idea differently.
Reposted by Saurabh Dwivedi
Elements of a promising business idea:
- Clear customer value
- Market of adequate size
- Sufficient degree of innovation
- Feasibility and profitability
~ From McKinsey's guide to writing business plans.
- Clear customer value
- Market of adequate size
- Sufficient degree of innovation
- Feasibility and profitability
~ From McKinsey's guide to writing business plans.
November 22, 2024 at 9:42 PM
Elements of a promising business idea:
- Clear customer value
- Market of adequate size
- Sufficient degree of innovation
- Feasibility and profitability
~ From McKinsey's guide to writing business plans.
- Clear customer value
- Market of adequate size
- Sufficient degree of innovation
- Feasibility and profitability
~ From McKinsey's guide to writing business plans.
Answer:
- Is the idea really novel?
- How long will it take to build the prototype?
- Do you the the resources?
- Is the idea really novel?
- How long will it take to build the prototype?
- Do you the the resources?
November 22, 2024 at 10:20 PM
Answer:
- Is the idea really novel?
- How long will it take to build the prototype?
- Do you the the resources?
- Is the idea really novel?
- How long will it take to build the prototype?
- Do you the the resources?
Developing the business idea:
"In economic terms, a spark of a genius is worthless, no matter how brilliant it may be."
Do a plausibility check on the idea for:
- Customer value
- Market chances
- Degree of innovation
- Feasibility & profitability.
"In economic terms, a spark of a genius is worthless, no matter how brilliant it may be."
Do a plausibility check on the idea for:
- Customer value
- Market chances
- Degree of innovation
- Feasibility & profitability.
November 22, 2024 at 10:16 PM
Developing the business idea:
"In economic terms, a spark of a genius is worthless, no matter how brilliant it may be."
Do a plausibility check on the idea for:
- Customer value
- Market chances
- Degree of innovation
- Feasibility & profitability.
"In economic terms, a spark of a genius is worthless, no matter how brilliant it may be."
Do a plausibility check on the idea for:
- Customer value
- Market chances
- Degree of innovation
- Feasibility & profitability.
During business plan development:
- Start reaching out to customers
- Make initial assessment of the market
- Close your first agreements if possible
- Become aware of who your competitors are.
Customer acceptance is an essential pre-requisite to the success of the company!
- Start reaching out to customers
- Make initial assessment of the market
- Close your first agreements if possible
- Become aware of who your competitors are.
Customer acceptance is an essential pre-requisite to the success of the company!
November 22, 2024 at 9:57 PM
During business plan development:
- Start reaching out to customers
- Make initial assessment of the market
- Close your first agreements if possible
- Become aware of who your competitors are.
Customer acceptance is an essential pre-requisite to the success of the company!
- Start reaching out to customers
- Make initial assessment of the market
- Close your first agreements if possible
- Become aware of who your competitors are.
Customer acceptance is an essential pre-requisite to the success of the company!
Business Plan Preparation:
- Focus on the big picture
- Weigh the risks involved
- Anticipate a variety of scenarios
- Create budgets
Make decisions like:
- Which customers to target?
- What price point to target?
- Where to run operations from?
- Whether to outsource production? etc.
- Focus on the big picture
- Weigh the risks involved
- Anticipate a variety of scenarios
- Create budgets
Make decisions like:
- Which customers to target?
- What price point to target?
- Where to run operations from?
- Whether to outsource production? etc.
November 22, 2024 at 9:55 PM
Business Plan Preparation:
- Focus on the big picture
- Weigh the risks involved
- Anticipate a variety of scenarios
- Create budgets
Make decisions like:
- Which customers to target?
- What price point to target?
- Where to run operations from?
- Whether to outsource production? etc.
- Focus on the big picture
- Weigh the risks involved
- Anticipate a variety of scenarios
- Create budgets
Make decisions like:
- Which customers to target?
- What price point to target?
- Where to run operations from?
- Whether to outsource production? etc.
Business Idea Generation:
- Does the idea deliver an actual customer value?
- Whether the market is big enough?
- How big will it be?
Advice:
- Start putting your team together ASAP
- Find people who can help you build a functioning prototype
- Scrape together resources till this stage is crossed.
- Does the idea deliver an actual customer value?
- Whether the market is big enough?
- How big will it be?
Advice:
- Start putting your team together ASAP
- Find people who can help you build a functioning prototype
- Scrape together resources till this stage is crossed.
November 22, 2024 at 9:50 PM
Business Idea Generation:
- Does the idea deliver an actual customer value?
- Whether the market is big enough?
- How big will it be?
Advice:
- Start putting your team together ASAP
- Find people who can help you build a functioning prototype
- Scrape together resources till this stage is crossed.
- Does the idea deliver an actual customer value?
- Whether the market is big enough?
- How big will it be?
Advice:
- Start putting your team together ASAP
- Find people who can help you build a functioning prototype
- Scrape together resources till this stage is crossed.
Stages of Development:
1. Business Idea generation
2. Business Plan preparation
3. Startup & growth
4. Becoming an established company.
1. Business Idea generation
2. Business Plan preparation
3. Startup & growth
4. Becoming an established company.
November 22, 2024 at 9:45 PM
Stages of Development:
1. Business Idea generation
2. Business Plan preparation
3. Startup & growth
4. Becoming an established company.
1. Business Idea generation
2. Business Plan preparation
3. Startup & growth
4. Becoming an established company.
Feel like I should be live posting every cool thing I read in the McKinsey's 'How to Write a Business Plan'
November 22, 2024 at 9:44 PM
Feel like I should be live posting every cool thing I read in the McKinsey's 'How to Write a Business Plan'
Elements of a promising business idea:
- Clear customer value
- Market of adequate size
- Sufficient degree of innovation
- Feasibility and profitability
~ From McKinsey's guide to writing business plans.
- Clear customer value
- Market of adequate size
- Sufficient degree of innovation
- Feasibility and profitability
~ From McKinsey's guide to writing business plans.
November 22, 2024 at 9:42 PM
Elements of a promising business idea:
- Clear customer value
- Market of adequate size
- Sufficient degree of innovation
- Feasibility and profitability
~ From McKinsey's guide to writing business plans.
- Clear customer value
- Market of adequate size
- Sufficient degree of innovation
- Feasibility and profitability
~ From McKinsey's guide to writing business plans.
Just saw a few episodes of the anime: Hajime No Ippo.
Had tears in my eyes. Wonderful storytelling.
Had tears in my eyes. Wonderful storytelling.
November 22, 2024 at 12:19 PM
Just saw a few episodes of the anime: Hajime No Ippo.
Had tears in my eyes. Wonderful storytelling.
Had tears in my eyes. Wonderful storytelling.
Is it just my TL, or have the shitposters arrived here?
November 22, 2024 at 8:49 AM
Is it just my TL, or have the shitposters arrived here?
Reposted by Saurabh Dwivedi
bold choices, italic consequences
November 22, 2024 at 4:46 AM
bold choices, italic consequences
This really cheered me up
"We don't get lucky very often. And that's why we need to:
• Fail early
• Fail often
• Fail forward"
"We don't get lucky very often. And that's why we need to:
• Fail early
• Fail often
• Fail forward"
November 21, 2024 at 12:09 PM
This really cheered me up
"We don't get lucky very often. And that's why we need to:
• Fail early
• Fail often
• Fail forward"
"We don't get lucky very often. And that's why we need to:
• Fail early
• Fail often
• Fail forward"