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How to choose the right Business Entity for your Startup

Almost every new entrepreneur I meet is confused about the type of business entity they should register their startups as. We rely on the advice of our CA and tax advocates to guide us through the process. There are times, the advice of the “learned” Advisors might be just opposite to what your business actually needs. My first venture was registered as a proprietorship firm. I still remember my CA advising me to start a proprietorship firm and then register a private limited or a LLC, once the business has picked off well. When I look back, I can say with confidence “It...

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Why are the Startups targeting “the 15 billion Dollar” food ordering Industry struggling?

Food Panda’s investors Rocket Internet have been struggling to find a buyer for the startup. The rumors (do we still trust them? 🙂  ) are, there are no buyers even at a price of USD 10 million. Yes. You read it right. The same startup which raised USD 300 million a year back is on sale at a price tag which is 30 times less than the last funding they received. The story is shocking, as Food Panda had acquired Just Eat’s (a uk based startup) India operations  and Tasty Khana sometime back. Tiny owl’s story is a stuff of...

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Fears that are Holding You From Becoming an Entrepreneur

I was in the mid-20s when I started my first venture. The fear of being an Entrepreneur who is starting something new without a lot of experience was a major challenge. The comfortable job. The stable future. The decent salary. I was to leave everything for pursuing a journey which was unpredictable. I was to leave everything for pursuing a journey which was unpredictable. Was I scared? Yes. I was. Especially, when we had a bad start to our journey. Had it not been for some backing from my father in initial years of my business, I would have...

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How Banks can help your Startup grow

The Banks are an indispensable part of startups and small businesses. They give us loans in our country. If we are lucky, they do give us unsecured business loans for startup in India. When we started our venture, banks for me was a place where client sent their money and we got our salaries disbursed for our staff. As our business grew, I realized the constructive role a bank can play in our company’s growth. They definitely have a bigger role than you and I can think of . Especially, helping our startups/business grow. For a new startup finding its feet, the first thought to cross the mind of the Entrepreneur running the startup, when you talk of a bank is “How do we get an unsecured business loan in India for our startup?”. Unsecured business loan because most of us rarely have a property to speak of. The ones with Dad are strictly out of limits for startups. All we have is “faith” to help us sail through and faith barely helps in meeting salary expenses. Hence, we look for loan for business without security. Banks can help you raise a decent amount of money as an unsecured business loan. A loan for a start up or a small business helps keep the ship afloat. As your relationship grows with the bank, you can definitely leverage your good...

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The Dark side of Entrepreneurship

One of my close friends convinced me to start my first venture. I was so intrigued by what is Entrepreneurship that I left a decent paying cushiony job as a programmer to test the waters of Entrepreneurship. Trust me. All the fuss about Entrepreneurs makes starting your own venture so tempting. Those were the days when leaving a job was the biggest crime that can be committed by a middle-class family person. The marriage stocks would plummet. Family standing would go down. Everyone would talk behind your back on your foolishness. How naïve could you be to leave a job in an IT Company? We...

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