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Margin Reward : "Everything you need to know about Gold Buying, Selling, Business & Economics"
What is gold ? Gold is a chemical element with the symbol Au and atomic number 79. It is a dense, soft, yellowish metal that is highly valued for its rarity, beauty, and usefulness in a variety of applications. Gold is one of the most popular and widely traded precious metals in the world, and it has been used as a form of currency and store of value for thousands of years. It is also used in…
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Business isn't about having a million dollar idea. It's about having a one dollar idea, and selling it a million times. That's why businesses take awhile to develop. Or at least that was the case back in our grandparents' time. Nowadays, investors want their startup to become worth a billion dollars in under five years, or why even bother?
The concept of being asked to make money faster than a casino has to be strange to all right-thinking humans. And also me, but it didn't stop me from taking cash from those venture capitalists that were roaming around the university the other day. Even in my advancing age, I guess I still have that dirtbag-20-something look to me, something that says "I'll let you take ninety-five percent of what I make." Maybe it was my greasy hoodie, or the fact I was hanging around the graduate student lounge to eat any leftover food at the other tables before the waitress could come back. Either way, I now had $20 million in a bank account marked "Yttr."
What was Yttr? To tell you the truth, I can't even remember my pitch. I think I made up some crazy shit about the rapidly-approaching merging of man and machine, and the holistic energy fields of all living beings. At no point did they ask me what product I was going to make. The younger dude (and they were both dudes, believe me) just wanted to know if I thought it could make a billion dollars. Sure, dude. It's not totally unlikely that within the realm of all cosmic possibilities, Yttr can make one billion smackaroos. Now sign that cheque and look the other way.
Anyway, Yttr has gone bankrupt. We just plumb ran out of cash trying to approach the goal of unifying all consciousness and also making money off of it. That $20 million didn't even last a week, to be honest, programmer salaries are so expensive now. Too bad. Good news is, now I'm an experienced startup guy. I just didn't ask for enough money last time. My new company, Zootr, will be looking for $71 million on its initial investment. What do we do? Oh, you'll find out soon enough.
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No artist needs to "go to bat" for AI.
It's got all the support it needs from corporations and governments who've invested millions in a technology they believe will all but eliminate their need to waste money on human workers.
For some, that sounds like there could be a stable future in it, or new opportunities could be right around the corner. If Capitalism has taught us anything it should be that the person operating the machine that put 30 people out of work isn't paid well for long.
In my heart of hearts, all I see is another angle in this new golden age of scams.
The notion of AI was made for the benefit of artists and workers is an egg that developers lay in the brains of people who struggle to engage with creative work or people looking to capitalize as early adopters. They may dangle attractive rates or hype up the experience and cred you'll get from being a part of AI-centric projects but they will do to AI artists what they've done to everyone else and I assure you the laws we have now will allow them to fuck you over harder and faster than those who came before. Studio executives are fighting tooth and nail for the right to abuse writers, artists, crew, technicians, and actors that have made them billions of dollars in extremely profitable properties. Do we sincerely believe they'll dole out fat checks to someone they see sitting at a keyboard, asking the machine to make pictures? Do we really believe we'll own anything we prompted the machine to make for them? That would be uncharacteristically generous of them to put it kindly.
The AI systems they've built or claim to be building have tricked people into thinking it's an exciting new creative medium. The profit for AI is in that excitement, not the products AI generates. People are excited to play with it and businesses are excited to exploit it. Its successes so far have been driven by novelty, naivety, and greed. The very concept is a model of predation, exploiting the good faith of artists, writers, and creators online to feed their mimic of human labor.
It's in a business' interest to legitimize their use of AI so they invest in stoking the hype and bolstering its defense to cover up for the fact that it's meant to cut costs on human staff. Investors and developers take to forums and social media to prime their user base with talking points and paint the people threatened by the proliferation of AI as jealous, elitist, snobs. Everyone inside the wire is looking for a slice of the profits and everyone outside gets a steady diet of astroturf. Early adopters and aspiring influencers get to feel like they're catching a big wave with minimal personal investment. Those users get a few easy treats right away because the output really can be impressive and the controversy bakes-in opportunities for engagement, heightened visibility, and monetization. You can potentially make money by arguing with strangers online over the pictures you asked a program to make, but that potential has a pretty short lifespan as the field becomes saturated with people who are acceptably good at using the software.
The people who will reap the lion's share of AI's profits need users to believe they're on the side of the geniuses who are looking to the future and breaking down walls that the Art World built to keep regular people from eating its lunch. They do this because gaining users isn't enough, they need allies who become personally, emotionally, financially invested enough to carry their shields when the people whose livelihoods are threatened by AI demand protection.
THIS is the scam of AI. The people who are actually getting extremely rich off AI aren't prompt writers, users, artists, writers, creative professionals. They're idea men and parasitic startup ghouls who just need numbers and hype to show investors that their property, built entirely from the stolen reprocessed labor of hundreds of millions of uncredited, uncompensated people is hot enough to throw money at. They need people willing to work AI jobs so businesses feel confident enough adopt the technology. They need their competition to be seen as greedy, privileged, and outdated. The scam-crux of it all is that the people profiting the most from AI don't actually need it to be good or successful to get theirs. They relied on student researchers for labor, developed the technology on government grants and investor funding, trained the programs on resources they fucking stole, and when they were done, they were free to sell their product to all comers, collect licensing fees, and pretend that they aren't responsible for any of the highly predictable ways their product can be abused. How much of the operating cost is paying lobbyists to make sure the magic money lever isn't slapped out of their hands by regulation for a long as possible?
Even if their vibe-based cash train careens off the novelty cliff or slams into a wall of regulation (and fuck do I ever hope it does) these people have already feathered their nests. It doesn't matter if AI-generated copy makes people feel like they're going insane. It doesn't matter if AI art is off-putting and wonky, if the programs make products and services demonstrably less useful or effective, and make customer service a living nightmare. It doesn't matter if the programs starve when they can't consume protected data and poison themselves by consuming their own output. Some developers will be able to coast financially for the rest of their lives because they invented a way for the rich and powerful to spend their money on the smallest possible number of people.
It's an experiment that became a toy that can make a handful of people obscenely wealthy through exploitation, theft, and disenfranchisement. It's a system that says "Pay me now for this thing that might make you money later and if it doesn't you can address all complaints to the empty bag I left you holding."
Our security as creators, artists, writers, and workers is won by taking a bat to this kind of shit, not going to bat for it.
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Sunday, March 12, 2023
Irreparable (ABC News) Auto repair prices are up and outpacing the overall rate of inflation considerably, with government data showing motor vehicle repair prices up 23 percent over the course of the past year. The cause is a combination of a shortage of workers—the industry will be 642,000 workers short of capacity by 2024—and an inconsistent supply of auto parts. There are also fewer car repair stops still in business: In 2016 there were 225 vehicles on the road for every service bay, a level that in 2021 rose to 246 cars and trucks for every bay.
Jaded with education, more Americans are skipping college (AP) When he looked to the future, Grayson Hart always saw a college degree. He was a good student at a good high school. He wanted to be an actor, or maybe a teacher. Growing up, he believed college was the only route to a good job, stability and a happy life. The pandemic changed his mind. A year after high school, Hart is directing a youth theater program in Jackson, Tennessee. He got into every college he applied to but turned them all down. Cost was a big factor, but a year of remote learning also gave him the time and confidence to forge his own path. Hart is among hundreds of thousands of young people who came of age during the pandemic but didn’t go to college. Many have turned to hourly jobs or careers that don’t require a degree, while others have been deterred by high tuition and the prospect of student debt. Nationwide, undergraduate college enrollment dropped 8% from 2019 to 2022.
Bank’s failure shakes companies worldwide (AP) It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday. The meltdown means distress not only for businesses but also for all their workers whose paychecks may get tied up in the chaos. U.S. customers with less than $250,000 in the bank can count on insurance provided by the Federal Deposit Insurance Corp. But many companies had millions (and in at least one case billions) of dollars that are now frozen or gone, and have no idea how to meet payroll. Silicon Valley Bank worked with startups, and many “are terrified,” according to one depositor.
Atmospheric river floods California towns, brings rain, snow (AP) More than 9,000 California residents were under evacuation orders Friday as a new atmospheric river brought heavy rain, thunderstorms and strong winds, swelling rivers and creeks and flooding several major highways and small rural communities. In Santa Cruz County, a creek bloated by rain destroyed a portion of Main Street in Soquel, a town of 10,000 people, isolating several neighborhoods. In the San Francisco Bay Area, flooding blocked portions of several major highways, including Interstate 580 in Oakland, disrupting travel. The storm marked the state’s 10th atmospheric river of the winter, storms that have brought enormous amounts of rain and snow to the state and helped lessen the drought conditions that had dragged on for three years.
Matamoros victims found, but 550 Americans are still missing in Mexico (Washington Post) Lisa Torres was glued to her phone, watching news reports on the kidnapping last week of four Americans in the Mexican city of Matamoros. She lived in the Houston suburbs, hundreds of miles away, but knew well the pain of having a relative snatched on the other side of the border. Her son, Robert, was just 21 when he vanished in 2017. More than 550 Americans are reported as missing in Mexico, a little-known facet of a broader tragedy that has honeycombed this country with mass graves. Soaring violence and government dysfunction have fueled a crisis that’s left at least 112,150 people missing, according to government records here. Americans make up a small part of that ghastly toll. And they are a tiny percentage of the millions of U.S. citizens who travel to Mexico every year for tourism, work and family visits. But just as there’s been an uproar in Mexico over the government’s all-out effort to find the four Americans, compared with its far more limited search for its own abducted citizens, relatives of the Americans still missing are asking why their loved ones haven’t been a higher priority for Washington.
Chile’s president shakes up Cabinet, replaces five ministers (AP) President Gabriel Boric shook up his Cabinet on Friday, replacing five of his 24 ministers on the eve of beginning his second year in power, announcing the change two days after Chile’s lawmakers rejected a proposed tax overhaul for financing most of his government program. It was the second time Boric has carried out a major Cabinet reshuffle. The previous overhaul came in September when 62% of voters rejected a new constitution that had been championed by the president. The Cabinet reshuffle came after an unexpected defeat Wednesday for Boric as Congress rejected a tax package that would have helped the president fund his progressive social agenda. Rodrigo Espinoza, director of the School of Management at Diego Portales University, said one of the difficulties Boric now faces is that “a significant part of his program will no longer have financing.”
German Officials Had Gotten Tip About Jehovah’s Witness Gunman (NYT) Weeks before a gunman opened fire on his former congregation at a Jehovah’s Witness hall in northern Germany, the authorities got a tip that he “harbored a special rage” toward religious groups, officials said Friday. But when they checked on him, they said, they determined they did not have grounds to seize his weapons. The gunman killed six people, including a pregnant woman, before turning his weapon on himself as police stormed the building in Hamburg on Thursday in what the authorities called “the worst such mass shooting incident of this dimension” to affect the city. Eight people were wounded, four of them severely. In keeping with German privacy laws, the police identified the gunman only as Philipp F., a 35-year-old German who, according to the authorities, had been a member of the congregation until a year and a half ago, “but apparently did not leave on good terms,” said Thomas Radszuweit, the head of state security in Hamburg. Mass shootings are extremely rare in Germany, where regulations limit who can own a weapon, and make training and testing compulsory before a gun can be purchased. Fully automatic weapons are considered “weapons of war” and are illegal.
Female and nonbinary swimmers can go topless in public pools, Berlin says (Washington Post) Berlin’s authorities want to make it very clear: Women are free to swim topless in municipal pools, as are those who identify as nonbinary, if that’s what they want. Topless swimming in public pools wasn’t forbidden in the German capital anyway, but a woman recently lodged a complaint alleging discrimination after a pool prevented her from swimming without covering her chest, a restriction that wasn’t applied to the male swimmers. The city and its public pools operator will now ensure that men and women are treated equally when it comes to swimming topless, the Berlin state government said in a press release Thursday. Germans “are generally quite relaxed about” nudity, Keon West, a professor of social psychology at Goldsmiths, University of London, who has conducted studies into nakedness and body image, previously told The Washington Post. Nudity, also known as “free body culture,” is not seen as sexual.
Russia’s hypersonic missile attack on Ukraine highlights Western vulnerability (Washington Post) Russia fired a half-dozen of its rare Kinzhal hypersonic missiles at Ukraine on Thursday, as part of a broader barrage that killed six people and that the Russian Defense Ministry described as revenge for an incursion into western Russia last week by a far-right Russian nationalist group fighting on Ukraine’s side in the war. Russia’s use of the hypersonic missiles—“Kinzhal” means dagger in Russian—renewed alarm over the Kremlin’s sophisticated arsenal, and it highlighted that Putin possesses difficult-to-intercept, nuclear-capable weapons that the United States and its allies do not yet have. Hypersonic missiles are highly maneuverable weapons that travel at speeds above Mach 5, or more than five times the speed of sound, making them extremely hard to intercept. The United States and China are also developing hypersonic weapons. After Russia used them in Ukraine for the first time in March last year, President Biden called the missiles “almost unstoppable.” Russia has other nuclear-capable hypersonic weapons, but its flaunting of the Kinzhal in battle adds to the pressure on Washington as a hypersonic arms race heats up, one in which Washington has catching up to do, with both Russia and China.
Hong Kong activists behind Tiananmen vigil jailed for months (AP) Three former organizers of Hong Kong’s annual vigil in remembrance of victims of China’s 1989 crackdown on pro-democracy protests were jailed Saturday for four and a half months for failing to provide authorities with information on the group in accordance with a national security law. The now-defunct alliance was best known for organizing candlelight vigils in Hong Kong on the anniversary of the 1989 Chinese military’s crushing of Tiananmen Square pro-democracy protests, but it was voted to disband in 2021 under the shadow of the Beijing-imposed national security law. Before its disbandment, police had sought details about its operations and finances in connection with alleged links to democracy groups overseas, accusing it of being a foreign agent. But the group refused to cooperate, arguing the police did not have a right to ask for its information because it was not a foreign agent and the authorities did not provide sufficient justification. In her mitigation, one member said the alliance was not a foreign agent and that nothing had emerged that proved otherwise, so sentencing them was about punishing people for defending the truth. “Sir, sentence us for our insubordination if you must, but when the exercise of power is based on lies, being insubordinate is the only way to be human,” she said.
South Korea proposes a 69-hour workweek, up from an already long 52 (Washington Post) South Korea’s conservative government has proposed increasing the legal cap on weekly work hours from 52 to 69, triggering backlash from the opposition and wage-earners who fear the plan will ruin work-life balance in a country already well known for workaholism. South Koreans already toil more than many of their overseas counterparts. They work an average of 1,915 hours per year, compared with 1,791 hours for Americans and 1,490 hours for the French, who have a 35-hour workweek, according to figures from the Organization for Economic Co-operation and Development. The OECD average is 1,716 hours. The proposal has sparked a backlash from workers who fear it will give employers legal grounds to encourage grueling hours on busy weeks.
Saudi deal with Iran worries Israel (AP) News of the rapprochement between long-time regional rivals Saudi Arabia and Iran sent shock waves through the Middle East on Saturday and dealt a symbolic blow to Israeli Prime Minister Benjamin Netanyahu, who has made the threat posed by Tehran a public diplomacy priority and personal crusade. Saudi Arabia’s decision to engage with its regional rival has left Israel largely alone as it leads the charge for diplomatic isolation of Iran and threats of a unilateral military strike against Iran’s nuclear facilities. The UAE also resumed formal relations with Iran last year. “It’s a blow to Israel’s notion and efforts in recent years to try to form an anti-Iran bloc in the region,” said Yoel Guzansky, an expert on the Persian Gulf at the Institute for National Security Studies, an Israeli think tank. “If you see the Middle East as a zero-sum game, which Israel and Iran do, a diplomatic win for Iran is very bad news for Israel.”
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Top 10 Challenges Faced by Startup Founders in India
Starting a business has its own challenges, but it can also be like living your dream every day. In 2020, more than 800,000 brilliant ideas began their path as startups or small enterprises in the United States.
So, do all of these startups succeed?
No. Obviously not. In fact, the majority of them might not get through the first year. As fascinating and attractive as the concept of a startup may be, there are many difficulties to overcome. Your business idea is put to the test at each crucial decision-making stage. Ask any successful startup and they would describe their success tale, studded with challenges.
So, What does it take to go from having a great concept to building a brand worth a billion dollars? Just the determination to overcome challenges. Then, what are the difficulties? Read this article to learn about the difficulties startups faces in their initial phase.
Financial Resources
Starting up a business requires capital, but for entrepreneurs who are new to this industry becomes difficult to acquire it. There are various funding sources available such as family members, friends, loans, grants, angel investors, venture capitalists, crowdfunding, etc. The aim to expand the business demands active cash flow from time to time and as the business starts to grow, the need to have capital rises rapidly. In order to have a successful startup, one must have a command of effective cash management. According to a recent survey, 85% of new companies are apparently underfunded, which indicates a possible failure.
2. Revenue Generation
One of the main reasons behind the failure of many startups is insufficient revenue generation. The focus on the core mission and vision gets diluted as the company grows and expenses rise alongside declining revenues. This leads companies to focus more on fundraising. As a result, producing revenue is crucial, demanding good burn rate management, which is just the pace at which businesses spend money initially. The process of developing and keeping growth is more challenging than finding enough funding.
3. Team Members
It is a crucial step which decides that whether your startup will reach the IPO stage. One must hire a team that understands your vision and mission in order to help you in your startup expansion. One should start by recruiting a team of reliable individuals with complementary skill sets. Having a team of people, where everyone is specialized in their area of work is a bonus for a startup. But not having a strong team can be one of the reasons for startup failure.
4. Strong Support System
In the lifecycle of startups, there are multiple support mechanisms that play an important role in startup success such as incubators, science and technology parks, business development centers, and many more. When these support systems are not available, there are high chances of startup failure.
5.Increasing Market Awareness
We often neglect the market barriers or sometimes unintentionally forget to take a detailed look at the market limitations. This becomes the major cause of startup failure. When you are trying out a new product, the environment for a startup becomes more challenging than for a well-established company.
6. To Match Customers’ Expectations
Another major challenge is to understand the market’s need for the product, current trends, demand for the product, etc….In order to satisfy the customers’ expectations, one needs to come up with new changes in their product offerings and that demands innovation. If you want to stand up differently from your rivals, you need to be well-versed in your sector. As new technologies are coming continuously, it has become very important to create something that surpasses the previous innovation.
7. The Founders' Tenacity
Startup founders need to be strong when times are difficult. Setting up a business is difficult, especially during the initial phase. The beginning process is filled with delays, setbacks, and issues that can’t be resolved. In order to pursue their goals, entrepreneurs must be tenacious and should be ready to cope with upcoming situations.
8. Rules and Regulations
One has to go under several government approvals in order to start their own business. Registering an office is difficult, even if you see noticeable improvement during the approval process. India has strict regulations governing labour laws, intellectual property rights, dispute settlement, etc.
9. Lack of Mentorship
Having appropriate guidance during the initial phase of your startup is a must. One of the main issues in the Indian startup environment is a lack of appropriate guidance and mentoring. There are many entrepreneurs out having the best ideas/concept, but the main reason that most startups fail is the lack of mentorship, lack of proper guidance, and lack of market, commercial, or industry knowledge to get their products to customers. It is a well-known fact that a great concept only works when it is immediately put into action. The largest challenge that could put a potentially good idea to rest is a lack of sufficient mentoring or coaching.
10. An Inadequate Branding Strategy
Another problem that prevents startups from thriving more quickly is the lack of an effective branding strategy. According to Hemant Arora, Business Head-Branded Content at Times Network, branding is extremely important since it provides a product with an identity and takes up space in customers' minds.
Conclusion:
The startup industry has numerous difficulties ranging from finances to human resources and from launch to tenaciously sustaining the expansion. As a country with a huge population, there are numerous opportunities open for startups selling goods and services ranging from food, retail, and hygiene to solar and IT applications for everyday problems that could be provided at reasonable pricing. It is appropriate to point out that some of these firms might turn into unicorns and establish themselves as household names if they extend into other emerging and underdeveloped nations.
#startup#startuplife#startupideas#startupgrowth#seedfund#investors#venturecapital#entrepreneur#funding#challenges#sucess#growth#startupfunding#impactinvestment#branding#impact#impactful#impactfulpitch#pitchdeck#business#startupchallenge#blog#blogpost#founders
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CAN YOU LIKE YOU TALK TO INVESTORS
The middle managers we talked to at catalog companies saw the Web not as an opportunity to build a business. Because schlep blindness prevented people from even considering the idea of having a single thing lots of people use. Microsoft saw the danger of Javascript and tried to keep it broken for as long as they could. When they advertise Java programming jobs, they also want Python experience. The needs of customers and the means of satisfying them are all in one head. But you don't want to get a nice, low-stress job at a big research lab, or tenure at a university. And while they probably have bigger ambitions now, this alone brings them a billion dollars a year. And while founders may not have needed VC money the way they write software. When you offer x percent of your company for y dollars, you're implicitly claiming a certain value for the whole company. It will start with small ones. That sounds about right.
So if you're developing technology for money, you're probably not going to be a startup. Chardin decided to skip all that and paint ordinary things as he saw them. At big companies, because it will be with people you know, you'll find the animal test is easy to apply. That's something Yahoo did understand. We used to show people how to build real, working stores. As an outsider, your best chances for beating insiders are obviously in fields where corrupt tests select a lame elite. You keep the IP and no billing by the hour. Well, that may be overrated. Of the remainder, the smart ones would refuse such a job, now that he didn't have to worry about money. You can do what you want; you don't have startups, pretty soon you won't have established companies either, just as pop songs are designed to sound ok on crappy car radios; if you say anything mistaken, fix it immediately, while you were on the phone with her.
If you're the sort of people, it may become common for people to come back to work after dinner. But though the result is occasionally cheesy, it's never boring. Ideally you want between two and four founders. Though better than attacking the author, this is true. For outsiders this translates into two ways to pass them: to be good at hacking the test itself. So mainly what a startup buys you is time. And yet if I had to learn where they were. So it must be work. Hardware does well on crowdfunding sites. At this stage, but if you're a startup your programmers will often be way better than the ones your customers have or can hire. Investors have much higher standards for companies that have already raised money. Is that so bad?
I mean by good people? In fact, it's not enough just to raise up the poor. Up till a few years and they're ready to write checks again, they may not reconverge once the economy gets better. We talked to a lot of 26 year olds are broke. Sometimes the VCs want to install a new CEO of their own success. Particularly in technology, the low end. There was a friend they wanted to hire with the investor money, and partly because startups, like dogs, tend to eat when given the opportunity. I already know what the options are, or which kinds of problems are hard and which are easy. There's no reason this couldn't be as big as Ebay. Why did the US really invade Iraq? We had big doubts about this idea, but they can't have looked good on paper. What do I mean by good people?
Thanks to Robert Morris, Trevor Blackwell, Qasar Younis, Sesha Pratap, Geoff Ralston, Jackie McDonough, and Jessica Livingston for sharing their expertise on this topic.
#automatically generated text#Markov chains#Paul Graham#Python#Patrick Mooney#danger#way#idea#startups#anything#Javascript#success#something#experience#things#radios#Up
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Explore Inspirational Motivational Startup Stories to Drive Your Ambition
The journey to building a successful business is often filled with obstacles, but for those willing to persevere, the rewards can be extraordinary. Motivational startup stories serve as powerful examples of how entrepreneurs, through hard work and innovation, have overcome adversity to create some of the most successful companies in the world. Whether you’re just starting or looking for inspiration to push your business forward, these stories can provide valuable insights to drive your ambition.
The Growth of Airbnb: Turning a Personal Challenge into a Global Platform
In 2008, Airbnb began as a simple solution to a financial problem. Co-founders Brian Chesky and Joe Gebbia were struggling to pay their rent, so they decided to rent out air mattresses in their apartment to conference attendees. Little did they know that this small idea would grow into one of the most influential companies in the travel and hospitality industry.
Despite facing numerous challenges, such as rejection from investors and a slow initial adoption rate, Chesky and Gebbia remained committed to their vision of transforming how people find accommodation. Today, Airbnb is valued in the billions, connecting millions of travelers with hosts in over 220 countries. The company's growth shows how addressing a personal challenge can turn into a global business, making Airbnb a prime example of motivational startup stories.
Warby Parker: Disrupting the Eyewear Industry with Innovation
Warby Parker is another startup that began with a mission to solve a consumer problem. Founded in 2010 by four friends, Warby Parker sought to address the high cost of eyeglasses by offering stylish, affordable options through a direct-to-consumer model. They revolutionized the eyewear industry by cutting out middlemen and allowing customers to try on glasses at home before purchasing them.
Although the founders faced skepticism from industry insiders and encountered challenges in building their supply chain, their innovative approach to eyewear retail quickly gained traction. Today, Warby Parker is a multi-billion-dollar company with retail locations across the U.S. Their story is a testament to how innovation, coupled with a customer-focused business model, can disrupt traditional industries.
Spanx: Building a Billion-Dollar Brand with Limited Resources
Sara Blakely’s journey to building Spanx is one of the most compelling motivational startup stories in the fashion industry. With only $5,000 in savings and no prior experience in fashion, Blakely invented a new type of shapewear that would revolutionize the undergarment industry. After facing multiple rejections from manufacturers and buyers, Blakely persisted, eventually convincing a department store buyer to take a chance on her product.
Through sheer determination and smart marketing, Spanx became a household name, with Blakely now recognized as one of the world’s most successful self-made female billionaires. Spanx’s story shows how a single innovative idea, combined with perseverance, can lead to extraordinary success—even when starting with minimal resources.
Dropbox: Scaling a Simple Idea into a Tech Powerhouse
Dropbox’s story began in 2007 when founder Drew Houston was frustrated by his inability to access files across multiple devices. He developed a simple solution—cloud-based file storage that allows users to access their data from anywhere. Dropbox quickly gained popularity due to its ease of use and scalability.
While competition from tech giants like Google and Microsoft was fierce, Dropbox maintained its edge by focusing on its user experience and continuously improving its platform. Today, Dropbox is one of the leading cloud storage services, boasting millions of users worldwide. This startup’s growth shows how solving a common problem with a user-friendly product can drive significant business success.
Glossier: Turning a Blog into a Beauty Powerhouse
Glossier, founded by Emily Weiss, is one of the most notable motivational startup stories in the beauty industry. Glossier started as a beauty blog called Into The Gloss, where Weiss shared beauty tips and product reviews. Over time, Weiss realized that her audience was looking for beauty products that reflected their needs and preferences.
In 2014, Weiss turned her blog’s insights into a beauty brand, launching Glossier with a small line of skincare and makeup products. Glossier quickly gained traction due to its emphasis on customer feedback, minimalist branding, and direct-to-consumer approach. Weiss built a beauty empire by listening to her customers and creating products that resonated with them, showing the power of customer engagement in building a successful brand.
Tesla: Innovating Through Adversity
Tesla’s story is a remarkable example of perseverance and innovation in the face of adversity. Founded in 2003 by Martin Eberhard and Marc Tarpenning, and later led by Elon Musk, Tesla’s mission was to accelerate the transition to sustainable energy through electric vehicles. However, the company faced numerous challenges, including skepticism from the auto industry, financial difficulties, and production delays.
Elon Musk’s vision and relentless focus on innovation eventually paid off, as Tesla developed groundbreaking electric vehicles that competed with traditional gasoline-powered cars. Today, Tesla is not only one of the most valuable automakers in the world but also a leader in sustainable technology. Tesla’s journey demonstrates that ambition and long-term vision can lead to revolutionary success, even in the face of seemingly insurmountable challenges.
Conclusion
These motivational startup stories—from Airbnb and Warby Parker to Spanx, Dropbox, Glossier, and Tesla—illustrate the power of perseverance, innovation, and determination in building successful businesses. Each of these companies faced significant challenges but overcame them through resilience and a strong commitment to their vision. For aspiring entrepreneurs, these stories serve as inspiration and proof that with the right mindset and strategy, even the most ambitious goals can be achieved. Whether you're exploring business ideas or striving to grow an existing venture, these stories provide invaluable lessons to fuel your ambition.
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How We Saved Ourselves
This is a short story I wrote in June 2024 about what I see as a potential future for how humans solve the climate crisis:
In 2022, the Inflation Reduction Act barely passed in Congress in the United States. The IRA was the name given to the biggest climate bill the United States had ever dreamed of passing. It was a miracle bill in some ways, one that a year or two earlier, climate activists wouldn't have dreamed would actually pass.
No Republicans supported it, so the Democrats needed every single member to vote for it in the Senate, or it was dead. Joe Manchin, the Democrat from West Virginia almost didn't vote for it, which would have killed the bill. "It's a miracle I'm even here," he would say, for being a Democrat from a deeply Republican state. In a way it sort of was a miracle, but he was there and they needed his vote. After lots of haggling, and periods when he said he wouldn't vote for it, then he would, now he won't again, Manchin came around, and the deal was done. It was all very dramatic (don't say it's dramatic...show how it's dramatic. If you show it, overtly stating it is unnecessary).
The bill was massive, and was designed to attract billions, even trillions of dollars of private capital, or money from companies, to solve the climate crisis and save the world. They knew that the bill by itself wouldn't actually save the world, but the idea was to start the momentum, and prove to businesses that investing in climate solutions was where the markets were headed, so it would be a smart investment for them. There was a lot of money to be made saving the world, and no one wanted to miss out on it. And why not, you get to be a hero and make money, what's not to love?
By 2024, it was working, and billions of dollars started flowing into climate solutions. Massive solar projects went up. Giant offshore wind farms were under construction, pumping power to millions of homes on the densely populated East Coast.
In 2026, troves of money flowed into startup companies with big ideas for how to capture carbon, build an electrical vehicle transportation system, convert our heating and cooling to electricity and generate all this electricity without releasing carbon.
There were haters. Change is hard. "What if we don't like looking at the solar panels or wind turbines?" they would ask themselves. But as the first projects finished, they would look around and say "Well, this isn't so bad. And it's pumped a lot of money into our town and made lots of jobs." Early technology can take time to mature, so the electric alternatives were not always up to par with their fossil fuel cousins. But humans are incredible engineers, and technology improved so fast that the fossil fuel legacy tech was quickly left in the dust.
Some oil and gas companies even got in on the fun. They would think, "Well we are just energy companies. If the future energy of society is solar and wind, we'll do that too." They built massive renewable energy projects all over the world. They also got lots of tax breaks for these projects, so it was easier to get the shareholders' support. But of course, not all of them were so excited about it.
Some oil and gas companies didn't want to loose the record profits they were making from selling oil and gas. They wanted to stop renewable energy as quickly as possible, and keep fossil fuels as the dominant currency of the world economy. So they started a hidden campaign to fund what were made to look like grass roots campaigns of voters rallying against renewable energy projects. These campaigns could be very successful - at one point they had even convinced a growing audience that wind farms were killing whales. It was hard to disprove, but eventually the scientists showed enough data that the people came around. Solar was a little harder to attack, but you could always try to convince people they were ugly.
A leading presidential candidate even promised oil executives that if they donated $1 billion to his campaign, he would undo all the climate laws, ensuring the dominance of oil and gas for the foreseeable future.
The stages were set for a fierce battle. Oil and gas companies convinced a huge swath of the population that the looming climate crisis was confusing enough that we shouldn't make any drastic changes. On the other side, the data continued to pile up painting a clearer and clearer picture of the existential threat to humanity. Scientists pushed the population to make the big changes that were necessary to survive. A formidable percentage of humans looked at the data and joined the scientists' group to push through solutions to the climate crisis. The war for the future of humanity was raging. On one side: the oil and gas companies and their supporters. On the other side: the scientists and their supporters.
For years, the oil companies and their supporters were winning easily. There was just too much money coming in, and they bought victory anywhere they could. Politicians were a major lifeline - without laws like the IRA, private companies would not be willing to take on all the risks of the energy transition by themselves. In some cases, with enough money, you could even get politicians to make laws that helped prevent the energy transition, such as blocking renewable energy projects.
To counter this, scientists continued publishing the data they were gathering that showed the horrible destruction that would come if humans didn't change course. Some of the people on the side of the oil companies decided it wouldn't be so bad if some legislation was passed that helped clean up the air and water. "Why not?" they would ask themselves.
Scientists used their data to determine that humanity had until 2050 to stop adding ANY more greenhouse gases. The world had to be carbon neutral.
Storms, wildfires and droughts raged with increasing destruction across the globe. Millions of people died. Scientists tried hard to keep their predictions realistic and moderate, so they would be less susceptible to attacks on their data and predictions from the opposing side. This meant, however, that in many cases the destruction was actually worse than they predicted.
The world had three options: One was to continue burning fossil fuels for energy and end in a world of suffering and destruction. The second was to convince everyone to give up electricity, cars, and modern life. The third option was to build an enormous number of renewable energy projects around the world. Option one, continuing with fossil fuels, didn't actually solve the problem. And not many people wanted to give up modern life. So renewable energy it was.
In 2015, at a huge gathering in Paris, the world had set goals for how to solve the climate crisis, based on the scientists' data. The Paris Accord, as it would be called, set goals to build an increasing number of renewable energy projects, to replace the fossil fuel power plants that were spewing carbon into the atmosphere, causing the climate crisis. Scientist said that if humans around the world could follow these goals, by 2050 we could avoid the most catastrophic destruction.
In 2027, the world was far behind the goals. That's not to say there wasn't progress. Bills similar to the IRA began passing in countries around the world. Renewable energy technology got better, more efficient and cheaper. Electric cars became cheaper than gas cars; better and faster too.
One reason for the slow progress was that many of the people on the side of scientists began to feel like it was hopeless. There wasn't enough progress, and why were the oil companies still winning? Without the fire of optimism and inspiration, it was hard to get motivated to help.
And the oil companies were as powerful as ever. They could control the price of oil and gas by constraining their production, so they could drive the price up anytime they wanted. This led to record profits.
By 2029, the destruction had gotten worse, but it was mostly in the global south and Americans didn't really care that much about it. The destruction increased in the US too, but the oil company team explained it away as just another bad storm; nothing new. Some items had gotten really expensive, like coffee and chocolate, because of droughts in other parts of the world. But usually the current president was blamed.
There was hope. The number of renewable energy projects began to grow exponentially every year.
Engineers invented floating wind turbines, which meant we didn't run out of space for these projects, you could just float them further out to sea. Huge subsea cables brought this power back to land to distribute it deeper and deeper in land.
By 2030, a huge number of offshore wind farms far out in the Atlantic and Pacific provided enough power for every coastal state and more. During the most windy parts of the day, these wind farms produced more power than could actually be used. Advances in battery and storage meant this extra power charged giant energy storage facilities, giant batteries from which energy would be released when the wind died down.
Nuclear energy also made a comeback. People liked nuclear energy because it didn't release carbon and was not intermittent. The power was always there whether or not the sun was shining or the wind was blowing. The plateau in nuclear power plants that happened toward the end of the 20th century gave way to a big increase in small modular reactors, a fourth generation nuclear technology that allowed for smaller and much safer reactors. These were cheap and easy to build, eliminating many of the negative aspects of the first generations of nuclear power plants. The early nuclear plants from the 20th century didn't have safe technology and there were enough catastrophes that held the power source at bay until these safer technologies emerged.
Inland, massive solar farms were built in the deserts and onshore wind farms on the plains. Renewable energy projects generated enormous amounts of electricity. Giant energy highways carried electricity from renewable energy projects along cables to load centers all over the country. Fossil fuels became less important.
The companies building these projects became very rich. Oil companies noticed. More and more oil companies defected to the side of the scientists, deciding to become part of the solution instead of the problem. The money they made helped with the decision. They shut down their oil operations and began building renewable energy projects instead.
At first the team with the scientists were suspicious of these defectors from the opposing team. After all, they had been the ones causing this massive problem, why should they be forgiven so quickly? Shouldn't they all be put in jail, or worse?
But these ex-oil companies worked hard to prove that they were serious about becoming part of the solution. Each oil field they closed had a real positive impact on saving humanity. Eventually, the scientist team came around and accepted them. These companies had the power and money and knowhow to be valuable team members.
The 2050 deadline to stop emitting greenhouse gases loomed. The science had become very clear that the situation was dire. The destruction that raged around the world made their research more visceral.
By 2040, the team of oil companies was hemorrhaging members. Most employees wanted to be part of an inspiring future. Executives of any company that hadn't switched sides and had deliberately delayed progress on the climate crisis were being jailed in some parts of the world. Protests had become so effective that these individuals often could not appear in public. Boycotts and bans on anyone investing with these oil companies made life very difficult. Profits became thinner and thinner, life became harder and harder.
Life on the other team, with the scientists, was getting sweeter and sweeter. Renewable energy had become so ubiquitous that for most people it was essentially free. You could ride electric transportation as much as you wanted and get anywhere you wanted, pollution free. Cities had been transformed into green spaces with parks, bike lanes and playgrounds. No one paid to heat or cool their houses - technology made sure it was done efficiently. On nice days, you could program your house to automatically turn off the air conditioning and open the windows.
In 2045, a consortium of the last remaining oil companies in the world consolidated all it's members into one giant oil company, called United Petroleum. They entered a siege mentality to hold strong with oil. Oil was not the only product in which the company was invested, they had found plenty of profits mining minerals, many of which were used in renewable energy projects. They also built carbon capture projects, which had become very popular and profitable and genuinely contributed to reducing the amount of carbon in the atmosphere.
In early 2048 the board of United Petroleum elected a young new CEO named Nancey Lopez; an ambition upstart that had opposed the siege mentality. Within her first six months, she implemented sweeping changes, not all of them popular among the employees. Then, on June 8, 2049 she made a major speech to the entire company. She announced that United Petroleum was shutting down it's last oil fields. They would no longer be selling fossil fuel-based products. Instead, they were shifting their remaining resources into minerals, carbon capture and emerging climate tech. The name was being changed from United Petroleum to United Energy.
Ms. Lopez had worried about the employees' reaction at the announcement - would they revolt and call for her ouster? Instead, the moment she made the announcement, the crowd burst into cheers. It had been hard for these employees to be on the losing team, selling a product everyone hated. Now they were entering an exciting new phase of the company. Maybe they would even be cool again, coming up with innovations that would make life better for people.
The news swept the world rapidly. Headlines read: Last Oil Field to be Shuttered and World Enters New Post-Oil Era. The news was greeted with jubilation from every corner of the globe. The company that had been a piryah since it's inception became an inspiring symbol of humanity's ability to adapt and change. Ms. Cole's status skyrocketed and she traveled the world giving speeches.
With no fossil fuels to burn, emissions of greenhouse gases disappeared. Humans had saved themselves at the very last minute. For decades, scientists had been saying that emissions would need to cease by 2050. Humans had done it without a moment to spare. In July 2049, a month after the big announcement from Ms. Cole, the world began preparing for a worldwide celebration for January 1, 2050. Called World Day, it became the first official international holiday observed annually across the globe.
But the change didn't stop there. For so many years, humans had dumped greenhouse gases into the atmosphere, and a huge amount had accumulated. Now it had to be cleaned up. The carbon capture projects that had been built leading up to 2050 helped do that, and more were built to help speed up the process.
A global movement to bring green vegetation to cities around the world blossomed. These cities taught each other best practices, and soon native plants and trees proliferated in cities and towns from Johannesburg to Beijing, from Guatelajera to Riyad. Growing healthy food in community gardens became a fashionable practice.
The years of work to solve the climate crisis had taught humans other valuable skills as well. Advanced technology and artificial intelligence made most work optional, so building community became a central theme for humans around the world.
The renewable energy projects that powered all this advanced technology continued to pump out power day after day. The technology had become so advanced that robots could repair and replace anything when it broke or wore out.
Some people found a lot of purpose developing even more advanced technology that could help species be healthier, happier and to thrive. They found new ways to help bring the Earth to a healthy harmony with nature. The ocean began to team with life, nursed back to a thriving ecosystem. Forests full of animals existed within major cities.
On World Day in 2200, a documentary was released that took the world by storm. Titled Saving Ourselves, it told the dramatic story of humans in the 21st century who had taken the Earth to the brink of destruction, only to save it at the last minute. Everyone had learned the story in school, but there was something about how the story was told in the documentary that made it hard to look away. While no one was alive who remembered the actual events leading up to 2050, the shocking drama of the story captivated the world. After the movie, communities would gather and celebrate the wonderful world they had created.
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Successful Revenue Model for a Taxi Booking App Business
After the massive revolution set by the Uber in the cab booking industry, many startups, entrepreneurs and businesses came something with the same idea for their products and services to repeat the success in many different business models. Not only did Uber provoke thousands of other small businesses and entrepreneurs to start an on-demand taxi booking app and other services but also told what kind of business strategy should they embrace in order to enhance customer satisfaction and profitable revenue. A quick stats by Statista, By the year 2020–2022, alone in the US, it is projected that the revenue of taxi services would reach 2.72 billion dollars.
In this article, we’ve covered the potential value propositions for both riders and drivers, let’s take a look at the revenue model a successful taxi booking app business.
To make this as easy as possible, let’s take a closer look at the well-known American Uber taxi app. Let’s find out what their source of income is!
Revenue Models for Taxi Booking App Business
Taxi booking business can earn their revenues in multiple streams. Before look into it, the study of the standard plan to create steady inflow and profit is needed. On the basis of the customer requirements, the taxi booking app provided diverse levels of services.
Different Vehicles for a Different Type of Customers
Do you remember the times when everyone was traveling in the same typical yellow or white taxis? These are now because today customers can choose the type of vehicle they want to drive themselves.
Revenue from Individuals
In the lowest view, taxi, one of the transport modes to support the movement of the peoples from one point to another. This mode of transport can be expanded for a large group of people movement. The movement may be two points of the city or between the cities. In addition to that, the sharing of ride experience with someone to the other peoples help to gain more revenue.
Revenue from Services
The taxi booking platform inherits the number of services. If we look into Uber, they expanded the services to different kinds of peoples. Example: Uber Black, Uber X, Uber Go, Uber Luxury. These are all created wide revenue for the service providers.
For example, there are Uber Black — for those who prefer to drive in a black car, Uber Taxi — for those looking for a more economical solution, and Uber SUV — for those customers who want a luxury ride. Uber offers its customers the opportunity to choose the type of vehicle they want to drive themselves, giving the whole thing a completely new taxi booking experience based on specific customer segments. Providing the same services to different peoples and different domains help to earn more revenue.
Dynamic Pricing Model
It is otherwise termed as surge pricing. Here, the price is not fixed. It can be dynamic based on traffic, demand, and supply. An essential aspect of the Uber App is its convincing pricing.
An essential aspect of the Uber App is its convincing pricing. Usually, taxi companies raise rates for their travel expenses when demand is higher than supply. Uber’s contrast, prices depend on the density of traffic and the travel time from one ride to another. In the price per kilometer automatically changes depending on the number of available drivers and requests made by customers who need a ride. This pricing algorithm is designed to encourage drivers to get on the lane when they need it most.
Alternative rides
Uber now also offers boats, helicopters and other additional transportation. They have also set up a motorbike pickup service in Paris, a delivery service in San Francisco and in some cities even an ice cream cart delivery service and more to follow. However, these options are only available in specific cities but represent new sources of income as a supplement to the existing business model.
How SpotnRides Increase Revenue for Taxi Booking Business?
Following their successful blueprint of Uber, we have developed product names “SpotnRides” to satisfy all the requirements and benefits for any startups or business owners to launch their on-demand business with any kind of business and revenue models. Our product can be customized with any language and currency including any features requested by our customers.
With the above basic features, there are also different channels used by the cab services to create revenue. They are listed as follows:
Customer Segmentation
On the basis of certain preferences like behavior, financial status, customers are categorized into various groups. This practice requires the entrepreneurs in the taxi business to develop the fittest strategy according to customer behavior. A demographic distribution such as the categorization of peoples on the basis of age, location, lifestyle is the one way of categorization to add the revenue. Decision making through interactive conversations between the customers and the app service providers is the other way to boost up the revenue.
Customer Data processing
Maintaining a robust database is the key factor for increasing the revenue of the taxi book app. If the frequent user’s database maintenance is achieved in a perfect manner, then the outstanding services are delivered to the customers and that boosts the revenue effectively.
Charges via Subscription/cancellation
In recent years, the lot of e-hailing services introduced the subscription model especially dedicated to daily customers. The introduction of a subscription plan does not only enable the users to pay the flat charges for the same services. It also sets the time limit for a minimum number of subscriptions to ensure continuous usage and yields better profit. In the same way, setting the time limit to cancel the rider that reduces the wastage of resources.
Final Words:
Those who are looking to launch their business, feel to discuss with us about your business model and we will help you to launch your next level new venture with the working revenue models.
If you are looking for a quick response team to clarify your doubts instantly about your new business venture, please connect with our expert team at Whatsapp or write a quick email to [email protected].
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From Startup To Success: Mastering Business Control For Growth By Ashish Aggarwal
Ashish Aggarwal founder of Acube Ventures shares, “If you see yourself and your company achieving profitable billion dollar success, then this article would be a perfect fit as it uncovers the business control relevant for growth.
To understand it on a deeper level, the first step includes scientific audit which helps solopreneurs and entrepreneurs to build a successful brand. With hand-picked financial growth strategies, international brands associated with Ashish Aggarwal Acube Ventures Group have seen massive quantities of success bulging a perfect blend of innovation, resilience and growth using technological aid to address the pain point of industries.
It’s relevant to keep a check over internal controls of the venture, it’s essential to focus on the balance and positioning of your firm to thrive. Voyaging right from interviewing to land a billion dollar success is a road filled with astonishing experiences, supportive mentors, valuable network, money management and valuable delivery for product.
With significant time, resources, money and energy your dream job depends on it. In the journey, maybe you encounter people where you might have not told you “YES” or that interviewer you have not told you “NO” For non Idea labs, people might have achieved wild success. When decision making authority goes out of the window, a organization is left to witness inadequate regime, reckless cash management process, and focussed authority within small groups and under experience decision maker and other issues, Ashish Aggarwal, is a financial brainiac who has brought wide range of international brand to India, by leading growth to different businesses, his ample experience in leadership, to deliver efficient solution to many industry.
Importance Of Controls In Business
Internal and business controls depict the policies, procedures and practices which are designed and accomplished within the business segments to protect assets, ensuring accurate financial reporting, while enhancing promotional efficiency.
Internal controls, such as assigning of duties, consistent monitoring, and licensing procedure which comprehends to business controls. Importance of control rises with the size of the company, more broadly with the number of employees working towards the success of the organization.
The risk is complicated by the trend towards remote workforce, post covid 19 shift has brought many organizations, has provided many traditional controls go obsolete. For example, many traditional ways have been replaced with digital payment release strategy.
In a small organization, a single decision maker is responsible for handling different decisions, which is projected behind every action and choice. Consider the founder of a pre-seed startup, looking to contract with a software vendor.
When an entrepreneur personally decides which vendor to partner with, the consequences of poor choice falls on the shoulders, affecting finances and operations of the organization.
However, as a company grows, the CEO is responsible to make a choice, continue to make all calls and risks, or sometimes delegating some of those decisions to someone from a C-suite.
However, no matter how much trust a CEO has on a new Vice President, trust is not an efficient solution. In the absence of a controllable framework, the Vice President will follow their personalized selection process, in doing so risk proportionate to level of responsibility. Likewise, the CEO doesn’t get a clear sense, which decision to delegate and the decisions which they have to reserve, which can make the CEO diverge randomly between micromanagement and disengagement.
The Myth Of Control Impeding Growth
So, I have created an innovative, growing internal framework for quickly growing companies by accommodating, my trainer and experience at extreme, more conventional organized corporations. These extensions are designed to reduce losses, helping in securing venture capital funding without compromising agility.
Ashish Aggarwal advice for you would be to start by assessing and recording following risk and control factors for your organization. Doing so will ensure common understanding are reached on relevant topics while allowing decision makers to build efficient work process while handling the risk appropriately,
Operating Complexities regards present manpower, staffing model, workforce, operating location, business model and customer base. When a company becomes more complex, it requires greater need of closer monitoring.
Technological Aid grants a company a position, diversified range of robotic control, is a crucial pillar for simplifying control framework. A giant organization employs a massive chunk of technology across all areas, which multiplies complexity and efficiency in the design of automated business controls.
Materiality is the foundation under which you would be able to tolerate financial deviation, mistakes, and variation in the process. Anything or everything over the materiality threshold must point to immediate action or reporting. When thinking about both financial and non financial impact (loss of credibility and customer’s trust). A lower limit would demand greater control.
Risk Sensitivity is a form of materiality which is mostly useful when it’s rigid to estimate a monetary value. It helps a CEO to define their opinion and risk tolerance. When we talk about it subjectively, I can tolerate, unpredictable subscription model from sales as long as we are thriving continuously. This thought will likely evolve overtime, documenting it today provides a useful incentive for a reference. Higher risk sensitivity promotes lesser control.
Fundraising Stage is a common trigger for a tight control, to be initiated, as shareholders carry higher expectations for larger companies. Angels before investing consider the overall, business control of the organization in different ways before closing the round.
With great understanding one can lay a strong foundation for progressive control system, as it controls how many foundations are included in an organization. After this we will learn more about mapping three levers of controls:
Once the overall authentication and evaluation of risk and controls are done, I use three essential advantages to measure each control, which determines overall risk evaluation and risk capacity for each company:
Value Limit: This tweak the value which triggers the management, When we change this limit, it greatly impacts the flags for review.
Cadence: This assesses how proficient a control is performed, from per transaction to daily, monthly and even annually.
Objectives: This defines when the control is designed to prevent or spot unsanctioned events or decisions. While preventive controls are superb at minimizing the overall risk of the organization, less troubled detective controllers are a great compromise in conjunction with other core controls.
Many small scale companies are open to take higher risk, and look for a speedy growth, however, after applying the controls it is essential to assess, the risk appetite in the context of risk assessment should be reviewed monthly and annually which matches the size of the organization.
Decide How To Delegate Authority
Once the delegators are applied it is important to consider whom to delegate. The most challenging task for small and medium scale organizations is delegating responsibility further to startup and family run business. Even worse in all cases is when higher level work is delegated to administrative roles.
To help evolving leaders of the organization, it’s essential to develop delegation of authority, while limiting the overall authority matrix. This is a kind of policy document which guides employees regarding authorization limits, when trading on behalf of the organization.
This matrix of companies regulates the framework which by rephrasing and measuring decision making authority of each face of the management unit. Once the framework is in place, business would be in a better position to thrive and your investor would feel more secure with you. Your company will be protected — growth when happens without banister it leaves a company with an open risk, both from within and without.”
For forward-thinking investors like Ashish Aggarwal, startups present a compelling investment opportunity in 2024. With the potential for innovation, high growth, early entry advantage, portfolio diversification, support for entrepreneurial passion, and adaptability to market trends, startups offer a unique and promising avenue for achieving significant returns.
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How much does a mobile app development company cost for developing a dating app?
In this era of digital connections, a vast variety of businesses have emerged with some of the best app ideas for startups, offering immense potential for growth and success. Today, everything has moved on the web thus has the dating society. It is profoundly liked by an enormous people. So to say, there were upwards of 336 million internet dating application clients starting around 2022.
Dating applications left in their utilization and inclination by the ideal interest group. The income created by these dating applications went up to 2.86 billion US dollars in the year 2022. By 2027, the assessed number of individuals looking for affection online is 440 million, and examination proof shows there's no dialing back in this area even after that.
Read More: Best Mobile app development companies in India
The dating app industry is growing rapidly. As per Stupendous View Exploration, the income of the market in 2022 added up to 8 billion bucks. It is anticipated that it will rise by more than 12 billion dollars by 2030. Taking into account that today in excess of 300 million individuals all over the planet use dating applications and new clients join regular, the market potential is enormous. Thusly, financial backers are focusing on the internet dating industry and think that it is appealing.
On the off chance that you share this interest and as of now have a cool thought for a cutting edge application, then you are likely considering the amount does it cost to make a dating application?
Main features of a dating app: what’s inside
To make a dating application, you really want to know a bunch of fundamental capabilities that clients are as of now used to and which are essential for the most famous dating applications. We should look under the hood of an application like Kindling.
Secure registration form — $3 100. It is required in dating app development. You can confirm your clients through web-based entertainment accounts. Thus, your dating mobile app will get rid of bots and con artists, which will increment client trust.
Person’s profile — $6 000. Dating applications like Bumble offer clients the chance to depict themselves exhaustively. In any case, individuals definitely stand out ranges on the web, and long texts undoubtedly won't squeeze into the connection point plan. So some limits are needed in any case.
Geolocation — $4 500. Regardless of what sort of application you pick, having GPS and filtration by the distance are fundamental. You can characterize a distance in kilometers or select specific urban communities or even nations, as well as permitting clients to pay to get to different areas, similar to Kindling Visa.
Audio and video chatting — $7 500. Currently open communication is in the trend. Audio messages and video calls are replacing text messaging, which is common in traditional dating apps, for communication. Since this is a speedier method for getting an impression of the individual. That is the reason it's vital to give various approaches to talking. It will be great to give trading sound/video messages, however having call highlights, including video visits, will be awesome.
ice-breakers — $3 000. Indeed, even in web based dating, being on the opposite side of the screen, it very well may be hard for individuals to begin a discussion Many users are searching for elective choices rather than the exhausting inquiry "How are you?”.. For this situation your conversation starters act the hero. They help to begin a discussion and make a casual climate. At the point when you make conversation starters, make sure to observe the guideline of 3e's. They should be EASY, ENJOYABLE and EXPLAINABLE. For instance, the framework might offer client to pick one of the inquiries like "In the event that you could have any superpower, what might it be?. It is straightforward, entertaining to contemplate and offers an accomplice a chance to depict themselves.
Read More: Game development company in india
Partner search algorithm — $4 000. This is the most capable and troublesome aspect of dating application improvement. Some remarkable calculation can be your executioner highlight. Imagine a scenario in which your application recommends potential matches after users play a game. This may at least impress your users!
In-app purchases — $4 500. Statistics say that users are willing to pay for good service and extra features. An average user spends about $243 a year on app subscriptions. You can give users several packages to choose from that include advanced options, for example, a Super Like on Tinder or virtual gifts.
How much does it cost to foster a dating application
Presently we come to the primary inquiry: what amount does it cost to develop a dating application? The stages of dating app development and their costs are listed below. As a gauge premise, we took the dating application MVP with highlights recorded previously. At Brillmindz, we have proactively made north of 250 MVPs. With us, the expense to foster your dating application will be around $55 000.
Here, we will discuss the expense to foster a dating application getting from the intricacy of the application and its elements.. As an estimate, when you hire developers, the overall cost to make a dating application begins from $ 20000.
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1.Simple- A simple dating app caters to the preferential needs of the customers, has a separate dashboard for profiles, and allows the user to mention his/her interests. The simple dating app development cost starts from $ 20000.
2.Medium- Dating apps with social media integration, and other APIs, is basically the one ranging in the medium level of complexity. The cost to build a medium dating app starts from $ 30000
3.Complex- This kind of app has various advanced features that help the user make specific preferences, pick up the particular choices of people, has social media integration, gamification, and other advanced features to keep the user engaged with the app and get them the best results. The expense to fabricate a dating application like this beginning from $ 60000.
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Margin Reward : Simple business idea to start unique feature/business to help jobseekers #marginrewards
List those those jobs which has No/Less people applied Doesn’t has more people working In high demand
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Unlocking the potential of agriculture B2B trade portals for new startups
The majority of farmers in India have long experienced losses in the agricultural sector. Low land ownership, a lack of modern technology, and high-interest loans from the unregulated lending market are some of the causes of this situation. Agritech startups are working to address all of these problems by utilising cutting-edge loan underwriting techniques and technology. Opportunities for agritech startups abound as a result of the widespread use of smartphones and the internet, changes in policy, and growing investor interest.
India's agritech startups have exploded onto the scene in the last five years, creating farm-to-fork brands, B2B agri marketplaces, rural fintech businesses, farmer platforms, and more.
Opportunities for Business and Creative Solutions
In India, the agritech industry has opened up a number of new market opportunities, particularly in terms of creating and improving market connections. These innovations include bringing farmer products directly to consumers, digitising agriculture, enhancing farmers' access to real-time information, increasing transparency throughout the value chain, giving farmers better implements to increase yields, and giving farmers micro financing options to manage risks. With the overarching objective of increasing farmer share in crop sales profits, all of these solutions show that improving the supply chain is a key focus area for agritech start-ups.
Government Programmes and Projects
The development of the agritech industry has been accelerated by the government. The National Centre for Management and Agricultural Extension (MANAGE) has been established in Hyderabad. A food and agribusiness accelerator was also organised by the Department of Science and Technology, GOI, in collaboration with a-IDEA, TBI, and NAARM. This programme's main objective was to hasten the development of new agribusinesses through mentoring, industry connections, and advice on investor pitches.
Recently, the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) was also unveiled and put into action, with a major emphasis on water conservation and expanding the country's irrigation coverage. 7.64 billion US dollars worth of funding has been set aside under this programme for investments in source creation, distribution, management, field application, and extension end-to-end solutions.
Agriculture B2B trade portals for new startups
1) Market Research: Access to real-time market data is one of the main advantages of using agriculture B2B trade portals for market research. These portals frequently offer current details on costs, supply and demand, and market trends, which can assist startups in making educated decisions about the products to sell and the markets to target.
Startups can use B2B trade portals to investigate both the level of demand and the prices at which buyers are willing to pay for particular agricultural products. Startups can use this information to determine which markets are most promising and which products are most profitable to sell.
B2B trade portals may provide tools for competitor analysis in addition to market data, enabling startups to see what other companies are doing.
2) Access to Buyers and Suppliers: A wider network of buyers and suppliers may be available to new startups thanks to agriculture B2B trade portals. These portals can link new businesses with global suppliers and customers, enabling them to grow their clientele and find high-quality agricultural products.
B2B trade portals can be a great way for startups selling agricultural products to find new customers. Startups can use the search and filtering features of these portals to find prospective customers because they frequently have large networks of registered buyers who are looking for particular products. For startups that are just getting started and may not yet have established relationships with industry buyers, this can be especially helpful.
3) Reduced Marketing Costs: Additionally, using agriculture B2B trade portals can assist new businesses in lowering their marketing expenses. These portals give companies a stage on which to present their goods and services to a sizable audience of potential customers and suppliers. Startups can target particular audiences and highlight their products to those who are most likely to be interested by using the search and filtering features of the portal.
Using B2B trade portals can be significantly more cost-effective than using more conventional marketing strategies like advertising or direct mail. These portals frequently provide low-cost or even free registration for new businesses, enabling startups to expose their goods to potential customers without having to spend a lot of money on marketing.
4) Online Transactions: B2B trade portals for agriculture can make it simple for new businesses to conduct transactions online. These portals frequently offer businesses safe and effective platforms to conduct transactions, including the buying and selling of agricultural goods and services. Startups can streamline their transaction processes and spend less time and money on them by utilising these portals.
The fact that B2B trade portals offer a level of security that can help shield businesses from fraudulent activity is one of the advantages of using them for online transactions. To ensure that only parties with permission can access and use the platform, these portals frequently have stringent verification and authentication procedures.
5) Logistics Support: Agriculture B2B trade portals can help new businesses with their logistics needs. Through these portals, companies can connect with logistics and shipping service providers, streamlining their supply chain and enhancing their overall operations.
Startups can connect with logistics providers through B2B trade portals and gain access to a variety of services, such as shipping, warehousing, and inventory control. These services can aid companies in more efficiently managing their supply chains and guaranteeing that their goods are delivered to clients on schedule and in good condition.
Additionally, B2B trade portals can provide businesses with the tools and resources they need to manage their logistics more effectively.
Business models change over time, sometimes as a result of market changes and other times as a result of technological advancements, which leads to the emergence of exciting new trends. Our company, Kisaan Trade, keeps a close eye on the startup ecosystem around the globe. As a result, we have discovered a number of intriguing new themes that are gaining popularity, one of which is B2B farm produce e-commerce.
#Agriculture B2B trade portals#b2b trade portal#agriculture b2b marketplace#b2bmarketplace#b2btradeportal#marketplace#tradeportal#agriculturemarketplace#b2b marketplace#trade portal
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EdTech is going crazy for AI
See on Scoop.it - Education 2.0 & 3.0
In fact our latest big research study on corporate learning found that two things drive success in L&D today: the first is focusing on employee growth, not just skills – and the second is the need for more useful, interactive “learning in the flow of work.” Well L&D managers all over the world are looking for new ideas, so some of these 200 new startups are likely to become billion dollar businesses.
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The Untold Story of Dropbox: How a Forgotten USB Drive Led to a Multi-Billion Dollar Company
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In 2007, Drew Houston was a student at the prestigious Massachusetts Institute of Technology (MIT) when he encountered a frustrating problem - he forgot his USB drive, which contained an important document, at home. This incident sparked an idea in his mind, an idea that would ultimately lead to the creation of one of the most successful cloud storage companies in the world, Dropbox.
Houston realized that there had to be a better way to store and share files than carrying around a physical device. He began working on a solution, and in 2008, Dropbox was launched. The company's mission was simple yet revolutionary - to make it easy for people to access and share their files from anywhere, at any time.
The early days of Dropbox were challenging. Houston had to convince investors that his idea was worth investing in, and he also had to compete with other cloud storage providers. However, Houston's passion and determination, along with his belief in the product he had created, kept him going.
One of the things that set Dropbox apart from its competitors was its user-friendly interface. Unlike other cloud storage services, Dropbox was easy to use and required no technical expertise. This made it popular among users who were looking for a simple and convenient way to store and share their files.
Over the years, Dropbox has continued to grow and evolve. The company has added new features and services, such as Dropbox Business, which is designed for companies and organizations, and Dropbox Paper, which is a collaborative workspace for teams.
Today, Dropbox is one of the most successful cloud storage companies in the world, with millions of users and a valuation of over $9 billion. Houston's vision, combined with his hard work and determination, has paid off in a big way.
The success story of Dropbox is a testament to the power of innovation and the importance of never giving up on your dreams. Drew Houston's journey from a student at MIT to the founder of a multi-billion dollar company is an inspiration to entrepreneurs everywhere, and a reminder that with hard work, anything is possible.
Dropbox #Cloud Storage #Entrepreneurship #Startup #Innovation #Drew Houston
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Ways to Find Investors for Your Small Business
Having the thought of starting your own business excites everyone. However, the journey of starting your own business comes with a lot of challenges. Many budding entrepreneurs have billion-dollar ideas. However, they somehow struggle with finding the right path to convert their billion-dollar ideas into successful businesses.
One of the major challenges every entrepreneur faces is finding the right set of investors for their small businesses. In this article, we’ll discuss the different ways you can get funding for your business. Let’s start!
Start with your inner circle
When your business is valued under $1 mn, you should first start finding investors within your inner circle. It is always good to consider your near dear ones. As you know them inside out and vice-versa.
Approach your idea to your friends and family. When they see potential in your idea and they believe in your idea, they would be the first ones to invest. Getting an investment from family and friends is often one of the easiest things. They will work as a trusted source of financial support.
Despite the fact that you will have a personal relationship with these investors, it is crucial that you act professionally at all times. Create an investment agreement that is legally binding. To safeguard your relationship and your business, you need to establish unambiguous rules and boundaries.
Look out for small business loans
If you need capital to start your own business or grow an existing one, you may apply for a startup business loan from a bank or other financial institution. The amount of the loan you have requested and the length of the payback period will decide the bank's interest rate.
These loans are provided by banks and other RBI-regulated financial service providers. A small company loan up to Rs. 2 crores has the advantage that it may be used for many purposes at once, including the acquisition of goods or equipment, simplifying your working capital, and paying off urgent obligations. So, this can be one of the best ways to find funding for your small business.
Think about crowdfunding
Crowdfunding is a popular option for fundraising these days. Platforms for crowdfunding give company owners a way to raise funds online. For various tasks that you need to generate money for, you may create a campaign. Numerous alternatives exist for crowdsourcing.
Rewards-based crowdfunding
Donation-based crowdfunding
Peer-to-peer lending
Equity crowdfunding
Lookup angel investors
Finding an "angel investor" is the secret to success for business owners just starting out. This is a wealthy private investor who can provide a sizable amount of capital to a company. Startups are funded by angel investors in the early stages of operation.
Usually, they will get this financing in return for a sizable ownership stake in the business they choose to invest in. It's dangerous to invest in a tiny firm or startup at such an early stage of development. Typically, an angel investor is risking their own funds. Nearly all accredited investors are angel investors.
Make use of social media
Business owners may benefit greatly from using social media. Spend some time creating a digital presence for your company on the social media platforms of your choice, where you may grow a sizable fan base and eventually draw in investors. Post frequently about your company.
Share and publish articles that demonstrate your expertise and enthusiasm for the subject matter. Engage your network by giving intelligent, motivating responses to other people's articles. Encourage anyone who has enjoyed using your product or service to provide a review online so that it may be seen by potential investors
Wrapping Up:
There are many various ways to find capital and investors for your company. Don't give up if one of your options fails. Resilience is crucial for running a successful business. The only way you can achieve this is to never let obstacles, whether they be financial or otherwise, deter you from working toward your objective.
#startupindia#startup#entrepreneur#angel investor#investors#business#businessplan#impactfulpitch#ecosystem#impactful#impact#pitchdeck#funding#markets#finance
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