Top 4 questions that entrepreneurs ask me
- Should I quit my job and do a startup?
- This is my idea for a startup. Do you think it's good enough?
- Where can I get funding? Can you help?
- Do I need partners, or should I do it alone?
Why did you become an entrepreneur?
I asked 160 founders this question. The top answers were:
#1 (by far): "Felt restless. Wanted to do something different or big"
#2: "Freedom to be my own boss. Not a corporate slave"
#3: "Self respect & pride"
#4: "Inspired by family or friends"
#5: "To make money"
#6: "Happened by chance"
StartUps create jobs!
Doodh ka doodh, paani ka paani! Place your bets on StartUp India for jobs creation.
There is early evidence that early-to-mid-stage startups (& services firms, in general) are the best job creators in India. Large (Nifty50) manufacturing firms lag behind.
Using a simple metric, Jobs per crore of capital deployed (JPCCD), we can see that Startups (bootstrapped, angel-funded & Series-A/B) come on top. The stars create as many as 14 to 40 jobs PCCD (per crore capital deployed). Even the ‘weakest’ one creates 3-4 jobs.
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