Omkar S. Kushwaha

Dear Researcher,

Primarily what is required for start ups is courage. All that I know about courage is that if one is lacking it, then that person must do those things repeatedly that requires it. Courage is like a muscle in the body. The more we exercise on it, the stronger and bigger it gets.

If you are talking about a feasible business idea then let me tell you that it will be better to find a gap and try to fill up that.

Thank you.

Best regards,

Anamitra.

Dear Anamitra Roy

Yes, the risk taking capabilities are required from the people involved in the startups. Ultimately, everything depends upon the buyers. But, with the increase in the AI systems, the concerned risks are also reduced to some extent in the present times.

Omkar S. Kushwaha

Yes, it is true that AI systems are reducing the concerned risk. I totally agree with you. Actually, I have very less knowledge about these AI systems. I need to study about these.

Thank you.

Best regards,

Anamitra.

Anamitra Roy

The AI system is a based on the data collection and the analysis on a large scale effectively and can predict all short of outcomes under given scenarios. So, it is equivalent to that of having 100 or more brilliant scholars who are working for you.

Startups refers a newly established business. It requires many belongings courage, confidence, patience, perseverance etc.

Md. Abdur Razzak Choudhury You have mentioned the important points which are crucial for any new business. But, I think it is the perseverance which is common to all the aspects if someone wants to make an impact in any field.

Dear Omkar S. Kushwaha I could verify potential ideas for start-up using the Impact Gap Canvas. Here you can find its link:

http://tacklingheropreneurship.com/the-impact-gaps-canvas/

Ernani Contipelli Thank you for the link to the Impact Gap Canvas. I was unaware about this.

Dear Omkar,

Skill & service-based startup ideas are considered best ideas for startup business. A small-business ideas for the beginner entrepreneur is essential like start with mobile business, drop ship and franchise (as a "plug and play" small business) You can secure start up by making business plan, securing appropriate funding, become a marketing expert and build a customer base. Graphic design, social media management, virtual assistant services may be profitable small businesses. If personal wellness is not there, means start a startup with no money than stay true to the core purpose, form a kickass team , expand your social media presence , make every customer feel special , keep an eye on your competitors and try to make the most of tools . A network of peers and mentors is of greater importance than product and finances

Ashish

The best time to start up a business enterprise is when you have identified an opportunity which can come in form of a 'new' business idea (new goods, new technique or method of production, and better way of providing services in new fashion ) which is capable of satisfying identified needs and must be provided or offered at an affordable prices. It is also advisable to register your business.

Perhaps you might want to elaborate more on what do the startups need in their early stage, here is what i found out

https://www.mendeley.com/catalogue/679410bd-7186-3fbc-ba1c-68a29bd23137/

Please see my question and survey that corresponds to your thoughts.