Wow, its been ages since I last posted my blog. I felt real good seeing the WP dashboard! I have posted a few private posts though. Since I used to write this blog just for my self, I felt no need publish them publically ever since I noticed the “private posting” feature on WP. But then, I guess I stopped blogging too because private posts weren’t motivating enough to sit up in the night and speak out my heart!
Glanced through some of my old posts! Felt like “Wow, thats personal… but none the less, let it be”. Read some others and felt like a kid! Well I am one.
Here’s the summary.
A lot has happened since we lost that 2 Crore contract. The company we were dealing with had some internal issues between the directors and it closed down along with the project. Good learning there. Though I still catch myself repeating the same mistakes over and over again. I am not thorough about doing the “paper work” for instance.
I have grown a lot as a person. I have out grown some of my habits that stopped me. Expanded my ability to execute things which I have no clue about (thats what entrepreneurship is, to a great extent IMHO).
Ya, so in December, we had this new killer idea that had a BIG untapped market with underserved customers. We quickly validated our idea after speaking to a few target customers and started working on finding appropriate partners to execute the plan. Within 2 months, we had tied up with the best (and probably most innovative) companies in the said domain and had a suit of solutions ready. We aggressively pitched to as many customers that we could. We also won a really big contract. We executed a small one and the big one was recalled a few days before the delivery. None of the other pitches worked either. You gotta sell well as a startup. I learned a lot of lessons on sales from this experience. Some of them being:-
1. Listen to the client’s pain points first
2. Don’t show all your cards at once
3. And a lot more
Our business is basically selling tech enabled canvassing and branding solutions to Polticians.
We worked real hard during the political season to sell them, and poor strategy, decision to not borrow and other factors (all internal) led to our not making a significant profit. We just made enough to meet our costs. I somehow don’t believe in luck, neither in circumstances. I don’t know if this comes out of my becoming a more responsible human being or out of my innate desire to bash myself
. I think its the former. Though I have skill in the latter too!
Post this, V picked up one of our previous kickass ideas and he himself went and validated the market for it. This looks like the most promising of all the things that we had discussed so far. V got kicked about it and started working on it, while I played the devil’s advocate. Initially I chose to not assist him and make some money out of consulting.
Then came the shaadi season, I was a ladki waala in the weddings of 4 of the closest people to my heart. This also served as a good and well deserved vaccation. Meanwhile I spoke to some prospective customers about V’s product idea as well and they ALL said that they’d pay for it. I was like, “Awesome… not bad V”. V is my partner btw.
Currently I am working hard on our product. This is a big company in the making. It feels like this is the thing that I have been conjuring up in my mind for the past 10 years. This is my dream company in the making. This is the first time when everything seems right. So far, everything I was doing, I took as a learning experience for my big billion $ enterprise. This seems to be the One! October 2014 is the time by which I intend to grow it to that scale. This is the only goal that has remained constant through the last 9 years! October 2014 is when I turn 30. That was the timeline, my internal milestone. The product is under development, and we’ll launch it soon. I have also sobered down enough to know that life (particularly an entrepreneur’s) is very unpredictable. But its all cool. As someone said – “You’ve already failed if you didn’t try”. Did someone say that?
And yeah meanwhile, I learned some great team building skills while taking care of HeadStart’s Bangalore activities. I also got featured in a newspaper (A nice 2 page story with a lot of pictures) and a handful of others. While I wasn’t particularly kicked about it, the people in my life were like “Wow!!”. The best thing that happened out of it is that, my parents felt a little at peace. While dad has been a pillar of support all through out. Mom was like “Chalo, kuch toh kar raha hai bachha!”. I am happy I could give this to her.
I am loving it!