"Just looking for a big plan". Trust me, everybody thinks so. But how exactly to look for the plan.
Each day is full of lot of plans but how to decide which plan to look for and which not. Lot of plans are dropped from life just without any reason. But there do exist a definite way of figuring out the right plan for you.
Think of any plan that came to your mind and you did not work on it. There may exist several reasons but lot of reasons will surely be "I dunno". Now pick the plan and follow these steps:
1. Try to live in world with your plan for sometime. If you like it go ahead otherwise just drop it
2. Now figure out the market for your plan and start browsing to find out how such plans work in terms of clients' participation. If the plan is unique and solving problems then just go analytically to figure out the participation. It is , trust me, fun.
3. Try to figure out the revenue channel/s from your plan and hwo much you will be able to generate by considering point 2 and charging feasibility considering client psychee, market and usefulness of your service.
4. Now figure out do you want to go ahead. Is this the plan which can satisfy you for now? If yes, go ahead.
So next time you think anything, just remember to read this. I would be glad if somebody corrects or modify me here.
Thursday, August 21, 2008
Friday, August 15, 2008
EDITED :(
Since I am a graduate now, lets start talking some serious stuff. The old undergraduate time was fun and I would proudly call myself a serial entrepreneur who failed in all the attempts he made. I was just figuring out the reasons why it was so. The major ones being:
1. Lack of patience
2. Lack of coming out with a good revenue model
3. Lack of investment
4. I almost coded every product I thought would be fun and could make revenue for me.
5. Lack of a good plan in mind though here I may admit that I missed the real good plans in life in which I could have afforded to settle for some years. The main reason being I was just afraid of starting the whole thing on my own.
That was it. I am working currently at "xxxxxxx" and very much satisfied with the job I am doing, so much that I could think of thinking that its good that no plan worked for me because I could have missed the opportunity of working in "xxxxxxx". The culture, challenges (and remunerations :P ) are so cool that I admit that its like my dream job of starting with a start up. (though "xxxxxxx" is far ahead of start ups but my every day is just like working for a start up here)
Although I learnt very crucial things while my stay at IIT, I am just not satisfied with days of my life there. The big things, I learnt and should be known for anyone who is starting up are taking care of following things regarding your plan
1. Market: What kind of market the plan is targeted. And most importantly, how easy is to reach that market. The strategies of reaching the market should not be the point at this time but having an idea is really good.
2. Technical feasibility: This is another important you should not miss out. You need to figure out are you capable of making the things done or you will need people for the plan. Keep a good care of people if latter is the case and hit them at the right time. All you need to know is his expectations and give him a penny more.
3. Investors' interest: You need to know what kind of investors you going to approach (in case you want to one). Keep the things done keeping this in mind. Best example is choosing php vs jsp and servlets. I hope you know what I am talking about.
4. Data Collection: The biggest part. Nobody is going to do it and you need to design strategies how to keep in contact with parties of interest and most importantly how to get in contact with them. e.g., if I am launching preparations, I need to invest my mind a lot on how to get contact of every coaching institute in India. This is the biggest challenge of the whole game and is the most important thing which makes the game adventurous.
I must admit that I am very much a restless kind of man whose mind surprises him with the thoughts. But I really dream of dreaming something big on which I work and make it bigger than imaginations. But every day, (try it any day you meet me) there is a plan cropping in my mind which goes to my diary if at the end of the day I start looking dreams or go to bin if obstacles and feasibility is seen. So the biggest requirement is the plaNext.
Enough for today. May the spirit lives within. Aameen :P
1. Lack of patience
2. Lack of coming out with a good revenue model
3. Lack of investment
4. I almost coded every product I thought would be fun and could make revenue for me.
5. Lack of a good plan in mind though here I may admit that I missed the real good plans in life in which I could have afforded to settle for some years. The main reason being I was just afraid of starting the whole thing on my own.
That was it. I am working currently at "xxxxxxx" and very much satisfied with the job I am doing, so much that I could think of thinking that its good that no plan worked for me because I could have missed the opportunity of working in "xxxxxxx". The culture, challenges (and remunerations :P ) are so cool that I admit that its like my dream job of starting with a start up. (though "xxxxxxx" is far ahead of start ups but my every day is just like working for a start up here)
Although I learnt very crucial things while my stay at IIT, I am just not satisfied with days of my life there. The big things, I learnt and should be known for anyone who is starting up are taking care of following things regarding your plan
1. Market: What kind of market the plan is targeted. And most importantly, how easy is to reach that market. The strategies of reaching the market should not be the point at this time but having an idea is really good.
2. Technical feasibility: This is another important you should not miss out. You need to figure out are you capable of making the things done or you will need people for the plan. Keep a good care of people if latter is the case and hit them at the right time. All you need to know is his expectations and give him a penny more.
3. Investors' interest: You need to know what kind of investors you going to approach (in case you want to one). Keep the things done keeping this in mind. Best example is choosing php vs jsp and servlets. I hope you know what I am talking about.
4. Data Collection: The biggest part. Nobody is going to do it and you need to design strategies how to keep in contact with parties of interest and most importantly how to get in contact with them. e.g., if I am launching preparations, I need to invest my mind a lot on how to get contact of every coaching institute in India. This is the biggest challenge of the whole game and is the most important thing which makes the game adventurous.
THE DREAM BIG.... BIGGER
I must admit that I am very much a restless kind of man whose mind surprises him with the thoughts. But I really dream of dreaming something big on which I work and make it bigger than imaginations. But every day, (try it any day you meet me) there is a plan cropping in my mind which goes to my diary if at the end of the day I start looking dreams or go to bin if obstacles and feasibility is seen. So the biggest requirement is the plaNext.
Enough for today. May the spirit lives within. Aameen :P
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