From talent management to global branding, witness the memorable journey of Indian entrepreneurship in these excerpts and stories! StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week (see the previous post here). Share these 45 gems and insights from the week of June 21-27 with your colleagues and networks, and check back to the original articles for more insights!
Get your hands dirty. It’s the only way to learn.
Over 60% of bank loan applications get rejected due to negative or no credit history.
India Post has an unmatched network that is critical for the growth of e-commerce in India.
According to industry estimates, the Indian logistics market is pegged at USD 150 billion and last mile connectivity constitutes 25% of that.
The outdoor market is very young, from an e-commerce perspective.
The wellness industry in India is worth INR 490 billion, and wellness services alone comprise 40 percent of the market.
Only two per cent of the total retail in India is online.
The lack of quality assurance continues to be an unsolved problem for the traveller.
India is not an early adopter, leave alone an innovator.
- Adarsh Natarajan, Aindra Systems
It can be nerve-racking to serve tea to a total stranger.
We’re heading to times when everything is connected and we cannot take risks.
Data is much more than an opportunity; it is an imperative.
Apps are needed since they are more convenient than a browser. However, it should be easier to search for, use, and discard apps than it is now.
As we embark on the journey of buying media, we must look at the 6Ms; Market, Mission, Message, Medium, Money & Measurement.
The deconstruction of where passion comes from is vital for an entrepreneur.
With money flowing into large e-commerce giants from investors, consolidation in the sector is inevitable.
Entrepreneurs need to clearly identify what is the slice of white space they are capturing that the big guys are not focusing on.
If we are unable to rise to the challenge, we would be leading sub optimal lives.
- Svati Bhogle, SustainTech
Be brave enough to listen to yourself.
- Upasna Kakroo, BrandAnew.co
Money can only give comfort and luxury, not happiness.
– Swarnalatha, Swarga
Every challenge feels it is the biggest until another one comes along.
- Roheena Nagpal, Atelier
You will never have all the answers before starting a new venture.
- Sunena Saigal, BuzzingBubs
You really need to prove to family and friends that you have enough faith and dedication in the startup you are working on.
- Natasha Jain, Ruplee
The kind of care and attention given to geriatric healthcare patients is completely neglected.
- Kavya J., Frontenders
Hardware product validation and iteration cycles are much longer than software ones. Getting funding is relatively difficult.
Talk to other entrepreneurs who have fundraised. Learn from their experiences.
- Naiyya Saggi, BabyChakra
Enjoy building the plane while flying it!
- Jessica Tangelder, trainer
The biggest challenge for a startup is to get talented people.
The biggest challenge is retaining a delivery boy.
Each day holds new challenges.
Startups demand different sets of competencies at various stages. Co-founders need to be fast learners in order to acquire new in-demand skills.
As a failed entrepreneur, you learn what you shouldn’t do, rather than what you should do.
I have always believed that following your passion is very important in life.
Once you find your right team, stand by it, no matter what!
Not every company has enigmatic founders who look good in print.
Competitors make the market interesting.
No nation without the instinct for adventure can rise up in the world.
– Capt. Kohli
Creativity is like a muscle. If you don’t use it, you lose it.
Secondary storage makes up over 80 percent of an organization’s data.
Entrepreneurship is a full-time occupation. You cannot switch off.
It is amazing to wake up every day and come to your own office instead of working to make someone else’s idea bigger.
Ignorance is in the heart of corruption in our country.
- Prabhakar Singh, Janta Choupal
Very often, a lot of people get into social enterprise like hammers looking for nails.
- Jacob Mathew, Industree Crafts Foundation
We have an enormous opportunity in India to build brands and even transport it globally.
YourStory has also published the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups’ as a creative and motivational guide for innovators (downloadable as apps here: Apple, Android).
- Kalaari Capital
- Krishna Lakamsani
- Uttam Digga
- Ashish Jhalani
- Arun Tangri
- Sandeep Pagi
- Patrick McSharry
- Rob Thomas
- Mohit Aron
- Pallavi Mohadikar
- Jacob Mathew
- Ashwin Sreekumar Nair
- Ashish Chitravanshi
- Natasha Jain
- Jessica Tangelder