‘Having a brilliant idea is different from making that idea a business success’ – 45 quotes from Indian startup journeys
From ideation to implementation, 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 August 6-12 with your colleagues and networks, and check back to the original articles for more insights.
Even 24 hours in a day aren’t always enough when you are working or leading a startup. - Vartika Kashyap, ProofHub
An active mind and cheerful heart have endless possibilities – they not just keep you alive but also keep your will alive. - Prashant Agarwal, Narayan Seva Sansthan
It’s not just an organization that needs to change. The characteristics of good leadership are changing too. - Sunil Mundra, ThoughtWorks
As you move up the organisation, requirements for leading that organisation don’t grow vertically, they grow exponentially. – Indra Nooyi, Pepsico
Very frugal in the early days sets the right culture, the right mindset. - Binny Bansal, FlipKart
Make a plan for your own life instead of fuelling your envy. - Bhaskar Venugopal
Historically, companies have struggled to emulate the rapid pace with which the top four tech giants test and personalise product experiences. - Piyush Kharbanda, Vertex Ventures
The biggest challenge with IoT is the rapid evolution of the scope and variety of technologies which can be used in the connected ecosystems. - Chand Girdhar, Lowe’s
Previously advertisers knew very fewer details about the use of ads by publishers, which led to high expenses for publishing ads and also in some cases ad fraud. But, with blockchain, the process is more transparent. - Saurabh Hooda, Hackr
The benefit of Blockchain is that it is a great use case and can be scaled up because it is open source. It is the future. - Frans Kempen, IBM
India has no virtual currency yet, while Bitcoin has been introduced to Japan and is legal tender there. - Pankaj Sinha, Right Direction
More than the cost of compliance, startups must worry about appointing a person who understands and documents their technology architecture. - Smriti Tipirneni, Burgeon
Ours is a $2.5 trillion economy. It took 60 years to get the first trillion while the second trillion came in the next eight years. - Siddharth Bhatia, Invest India
What has put startups in a state of confusion is the questions raised by the Inter-Ministerial Board regarding the innovation behind the idea - a notion that has not been defined and is hard to quantify. - Siddarth Pai, 3one4 Capital
Understanding the market, knowledge about the area and psyche of the people are some key aspects that need to be considered during acquisitions. - Nagaraju M, Rentprop4u
It is hoped that the legal framework shall keep pace and be further simplified for facilitating both such M&As and also investor exits. - Atul Pandey, Khaitan & Co.
Last-mile connectivity for public transportation remains unsolved across India. - Anand Daniel, Accel
Hydroponics had existed in Southeast Asia for nearly 15 years. But no Indian company was doing it. - Sriram Gopal, Future Farms
In India, 40 lakh kitchens are delivered every year, but the organised market together caters to only 20,000 kitchens. - Yash Kela, Arrivae
The nation’s true potential will only be unlocked when its veritable growth engine, i.e. the MSME segment, drives it towards a double-digit growth rate. - Amit Sachdev, CoinTribe
Online lending in particular is sure to help many SMEs get over their startup growing pains now that GST is here to stay. - Rohit Arora, Biz2Credit
There is an unfilled gap in the market catering to borrowers seeking instant cash loans. - Jitendra Gupta, PayU
Sound financial advisory is available but is limited to high net worth individuals. No one’s addressing the basic questions the majority. - Bharat Ravuri, MintZip Solutions
India’s vision of creating digital technology driven access to financial services will be incomplete unless we bring these offerings to the lower and middle-income segments. - Kalpana Morparia, JPMorgan Chase
With the Government identifying 99 smart cities, real-estate developers have shifted their focus to them. Smaller cities are now attractive for real-estate developers to initiate new projects. - Anjan Rangaraj, Catalyst Properties
Cities like Kolhapur, Solapur, and Sangli don’t want business models that serve the metro cities. - Anup Jain, Orios Ventures
Ikea has always planned its stores to be a day-long destination event for families. What is interesting is to study the pricing and how Indians will take to the format. - Devangshu Dutta, Third Eyesight
The rise in Indian consumers’ expectations for doorstep deliveries at a time of their convenience has created a critical need for a national last-mile, independent logistics provider that can serve the needs of these demanding consumers and diverse suppliers at scale. - Upal Basu, NGP Capital
When you help sportspersons achieve their full potential, you propel the sporting quotient of the entire country. - MS Dhoni
Designing products that children of different age groups love and keep coming back to is a huge challenge. - Viswanathan R, Magic Crate
A challenge as big as education can’t be solved through competition, rather only by collaboration. - Divanshu Kumar, Involve
Hundreds of new titles are published each year for children in India, but only a handful of children's books feature a differently-abled character. - Swaha Sahoo
It has become all the more important for a brand to maintain a regular flow of messages to the outside world. - Priyan DC, Star Squared PR
The prospect of chat marketing through the world’s biggest messaging app will open new horizons of business growth and success for companies across the globe. - Vipul Garg, Morph.ai
Accurate analytics models can surface new understanding about customers and add to revenue opportunities. - Suneel Sharma, SP Jain School of Global Management
Build something that your customer is excited about and willing to pay for. Put your head down and focus on it for four years. - Pranay Gupta, 91springboard
For eco-innovation to make a real difference in India, bold visions need to be converted into feasible plans that help share risks and promote synergies among different stakeholders. - Gaurav Burman, 75F India
Water bottle companies, tetra packs, multilayered packaged food and other companies must pay for the environmental cost. - Ram Wangkheirakpam, Indigenous Perspectives
The garment and apparel industry is the third largest contributor to environmental pollution and massive carbon footprint. - Sounak Sen Bharat and Anu Shyamasunder, House of Three
It’s disappointing that clean energy does not find many takers when it comes to investments. - Akansha, Swayambhu
With opportunity, poverty does not need to dictate your destiny. - Shaheen Mistri, Teach For India
Real communication occurs when you are expressive enough in generating results, values, and outcomes with diverse communities and limited resources with effectiveness. - Jatin Bhandari, PythaGURUS Education
In many ways, being an author is one of the best jobs to have, as the timings are flexible and the job offers near-total independence. - Jaishree Misra, 'Ancient Promises'
Music can heal you, connect you, and transcend boundaries. Music gives expression to the feelings that we can’t use through words. - Jyotika Dhawan, Musicerapy
The song is bigger than the singer. – Usha Uthup
Exploration is more than just mixing different forms, such as digital. It is also about being original and rising beyond the mediocre. - Sangeeta Juneja, Gallery Art Chill
If not presently, at some point you will feel the need to disrupt yourself. - Whitney Johnson, 'Disrupt Yourself'
Having a brilliant idea is different from making that idea a business success. - Sanjay Jangid, Open Innovations Lab
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).
