From leverage to learning, 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 35 gems and insights from the week of August 20-26 with your colleagues and networks, and check back to the original articles for more insights.
Fearlessness is like a muscle – the more we exercise it, the stronger we become. - Ketan Kapoor, Mettl
While the dinosaurs can transform and become unicorns, the unicorns cannot become complacent. - Arvind Rathore, Virtusa
Keeping your offering relevant and cutting-edge requires you to have an innovation engine which stops for nothing. - Kamalika Bhattacharya, QuoDeck Technologies
Passion and prioritisation are keys of productivity. – Vyankatesh Metan, 'Connect with Nature'
We wander for distraction, but we travel for fulfilment. - Hillaire Belloc
Today, giving back is a core value for both companies and individuals. - Srividya Gopani, LinkedIn
By investing small amounts on a regular basis, rather than one big lump sum at a particular time, we spread our risks over time. - Hansi Mehrotra, The Money Hans
The best feedback almost always comes from the person who actually paid for your product or service. - Harshad Oak, Oracle
There are three ways to grow your business. The first is to increase the number of your customers. The second is to increase the average transaction value per customer. The third is to increase your customers’ frequency of purchase. - Limesh Parekh. Enjay IT Solutions
Retailing is a vast opportunity and technology is changing the way businesses approach partnerships with merchants. Data helps both parties increase spending and loyalty. - Vikas Lacchwani, MCaffeine
Today with better technology it is easier to bring the cost of delivery lower with a sizeable business. - Bhavik Rathod, UberEATS
Close to 90 percent of the discounting happens in the accommodation space. And in this, a high portion of the discounting happens in the two- and three-star hotels. - Stuart Crighton, Cleartrip
Running discounts on marketplaces is a perennial phenomenon and is going to stay forever due to the nature of discount-seeking online customers and cash-rich competing e-commerce companies in India. - Harsh Shah, Fynd
Quality, result, and significance are the watchwords for health care in the 21st century. - Jasal Shah, Markelytics
Education remains a biggest challenge whose outcomes can be solved by technology. - Mohandas Pai, Aarin Capital
Restaurants have a high mortality rate, due to the high cost of real estate, regulations and other problems. Around 90 per cent of restaurants shut down in five years. - Riyaaz Amlani, Impresario Entertainment
Content is the currency of digital marketing, yet over 80 percent of businesses haven’t formalised the way they produce content. - Anirudh Singla, Pepper
It is only a matter of time before potential investors make investment decisions largely based on a comparative assessment of data privacy and protection measures adopted by startups. - Supratim Chakraborty, Khaitan & Co.
We want an army of youngsters to create a Rajasthan that doesn’t look back but looks forward and creates the best state of the country. - Chief Minister Vasundhara Raje
Options trading today contributes to over 70 percent of all trading on NSE and will soon be available on all commodities as well. - Nithin Kamath, Zerodha
Building a consumer brand in India needs time, capital, and long-term vision. - Shantanu Deshpande, Bombay Shaving Company
Building a voice interface is complex, and is especially challenging in the Indian context, given multiple languages and accents. - Subodh Kumar, Liv.ai
The refurbished goods market has remained highly fragmented and unorganised despite its size, primarily due to complex processes, and missing assurance on the quality of products. - Anil Goteti, Flipkart
The handlooms of India are so beautiful that more people should be aware of all that is available in our country. There should be trips organised to show people the weaving process and what goes into it. - Seema Agrawal, Artisan Saga
There’s talent everywhere but sometimes they don’t know the right way to tap into the ecosystem. There is a disconnect between the lab and the industry. - Rakesh Rajiv, SINE
The Blockchain technology can take away traditional intervention, while removing paperwork and simplifying constructs. - Abhijit Singh, ICICI Bank
It is imperative to have the backing of a reliable internet connection in the very first place for benefitting from widespread adoption of the blockchain. - Yuvrajsinh Vaghela, Space-O Technologies
By implementing an enterprise software solution, organizations can save on the time and effort that employees have to put in just searching for information. - Amit Dua, Signity Solutions
The need for a curated Q&A engine arises because there are a lot of platforms, but one has to figure out the information available. - Gaurav Vasu, Unearth PrivCo
For an IT admin, their own company’s employees are also their biggest customers. They are like a medic on standby. - Lokesh Bahety, Cisco Meraki
In the Indian context there are not many companies that have a ‘data first’ or a deep analytics-driven mindset. Culturally, we are more a gut-based society than a data-based society. - Twinkle Shah, AssessHub
Every new-age organisation needs access to infrastructure to quickly sandbox their ideas, run through multiple experiments, and iterate hypothesis without worrying about managing their infrastructure. - Sujit Kumar Mishra, Paytm
If big data helps in correlations, small data assists in causation, knowing the reason why. - Anjli Jain, EVC Ventures
There is a strong possibility that we may co-work with a bot in the near future. - Ilanchezhian Ganesamurthy, EVRY India
Artistes are re-thinking ways to present their work to an audience that is constantly seeking new things. - Akhila Krishnamurthy, Aalaap
Knowing what you want and defining that want into a clear narrative can lead to a purpose-driven life. - Ram Prasad, ‘Job Satisfaction'
Don’t tell people your dreams, show them. - Vivek Prabhakar, Chumbak
A successful entrepreneur never stops learning. - Ishan Gupta, Udacity India
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).