5 Biggest challenges of Startups

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1) Patience, perseverance, Passion: Like any success story, Startup Success story comes with lot of ups and downs. Most businesses that ultimately succeed are the ones where the entrepreneurs had the grit, determination, patience and perseverance to succeed. Learning from their own mistakes and Preserving with patience is the key to success. All businesses go through ups and downs, and almost all businesses and teams will have a number of challenging times. this is where the term Passion is very important, if founders doesn’t have passion to succeed, the Entrepreneurship becomes just a routine work which may not give instant success.

2)  Understand Limitations and Learn to say No : The most important word an entrepreneur needs to learn No ! Entrepreneurs are usually very confident and optimistic. Because they are willing to take on the world, they usually end up trying to do too many things at one time. This often leads to disaster, as they over-stretch themselves, and run out of money before being able to accomplish anything. Yes, it’s fine to dream big, but you need to focus on doing just one thing well at one time. You can grow over time, but don’t end up choking because you bit off more than you can chew!

3) When to raise funds? Start-Up companies need to learn when to be self-funded and when you go for much bigger investment. Many founders are obsessed about raising as much money as possible all at once because well, if you do raise a big war chest, then that’s one less problem you need to worry about. However, with a large amount of money come several potential problems. With more money usually come more investment terms and more due diligence. It is probably a fair statement to say that the more money involved, the more control provisions an investor will want as well as more diligence to make sure that their money isn’t going to be misused.

Best thing  is raise as much as you can but understanding your monthly cash burn and map out your company’s important timelines and the cash you will realistically require to achieve them. Then have an engaging conversation with your potential investors as to how much they think you need based on their experience. As a rule of thumb, try and raise enough money so that you have time to go fund raising after you’ve accomplished your next key milestone(s).

4) Process Awareness: Most of the times, Start Ups thinks a process is not required for a startup because they think we are startup; there may be a debate how much process is required for a startup company, there should be enough processes defined at every stage. They just need to balance process with innovation. Companies that insist on building a world-class infrastructure before shipping a product are doomed to “achieve failure,” because they’re starved of feedback for too long. On the other hand, companies that take a “just do it” attitude without any process at all are also taking a major gamble.

Finding the right balance requires an understanding of the fundamental feedback loop that powers all startups. It begins with an idea, which is translated into a product via the “build stage.”  Once the product evolves, you need a strong process. Adapting a process to this ever-changing reality requires a commitment to continuous improvement and incremental investment, Process can never be an overhead, more over it helps the people, companies to transform at the right time in the right way

5) Find a mentor, have a business plan in Place: Most starts ups starts with one or two co-founders who thinks they are experts in their own area where they are coming with a product; but sometimes what you think may not be right for the market or there might be various other work flows you may not be aware of; One way to set your startup off on the right path is to write a good business plan.  Do a right market research, what market needs may not be what exactly you have in mind, so find a mentor and have a perfect business plan in place. Using this market research, create your plan of attack and decide what you want to accomplish with your new business. Determine goals and milestones, and what steps you need to make it to those milestones. Its easy to carry away by thinking what I have in mind is what the market needs and if you don’t take market feedback as early as possible into the product development, its becomes too difficult to realize the plan needs some changes which can introduce more challenges like the money will get exhausted, the business plans need considerable changes thus introduced too many challenges, risks into the cycle which sometimes becomes the first and foremost failure for a startup idea.

Even with the combined expertise of you and your co-founder, a mentor can provide deep industry insight and wisdom to help you navigate some of the challenges that come your way.



p_03_1PMO office is a committee of project managers and senior management that defines and maintains standards for project management within the organization.

PMO generally will become the source for guidance, documentation, and metrics related to the practices involved in managing and implementing projects within the organization.

Set Project Management standards:– The PMO builds up a common set of practices, principles and templates for managing projects. So that the project managers can switch more easily between different projects and new project managers get up to speed faster.

Ensure project management standards are followed:– While the PMO sets project management standards, it also must ensure they are followed by performing regular assessments of projects.

Assistance to Project Managers:– The PMO assists the project managers who need expert judgment in cost and duration estimations, risk identification, changes evaluation as well as defining metrics for the project. PMO extends their assistance whenever there is a critical issue in Project.

Projects status for management review:– The PMO will track the status of all projects in the organization based on updates from the project managers. PMO will consolidate the project’s status and send updates to management review using project dashboards which provide a clear way to keep track of the status of projects.

Guidance new project managers:– Most PMO’s develop into a center of excellence for project management and can provide guidance and coaching to novice project managers or new project managers who need to understand how the organization runs projects.


7 – traits which makes mangers successful managers to make highly productive teams


People don’t leave company but they leave their managers. That is why it is very important to understand the chemistry between manager and team members.

We must understand why some managers are able to execute projects after projects without much difficulty while some managers struggle to even execute a simple project.

Successful managers have certain traits which makes them popular and results in highly productive teams.
Here are some of those traits:

1. Make well defined goals for team members – You can not hit a target unless you see it. That’s why top performing managers have well written goals for the whole team. They identify the most important goals required for the project execution and align their teams.

2. Set clear priorities – Good managers are able to set clear priorities for the team and individual members. They help identify most important tasks for them which keeps team focused.

3. Create reasonable Timelines and Expectations – Managers who can understand the strength and weakness of its team, sets reasonable timelines and expectations for its members. Their expectations are based on facts and capabilities of its team. Remember there are no unreasonable goals but unreasonable timelines.

4. Demarcate of responsibilities – Good managers do not micromanage and have clear roles and responsibilities defined for its team members. They do not want to get involved in each and every decision. They delegate the power.

5. Trust Team– Trusting the team comes naturally to top performing managers. They believe in their team and their capabilities. They like to give them a problem and then get out of their way. They let them solve problem. Having said that, they are always eager to help them whenever required.

6. Value time – Time is money. That’s why they are always focused on keeping meetings on time with right agenda. They do not keep people waiting unnecessarily. If required they inform them well in advanced. They plan things meticulously so that team does not have to spend more than required time in office or weekends.

7. Have Empathy – Managers or team members, are all human beings. That’s why best managers have empathy deeply ingrained in their blood, which sets them apart from all others. They understand emotional needs of their team members. Empathy is one of the most important element for being a top manager.

These seven traits are not exhaustive but are one of few most important qualities every successful managers should embraced for success.

Global Team Leading

imagesLeaders who are willing to adjust their style, expectations, and timelines are far more successful than those who expect others to adapt.. They harness the strengths of the team’s background, experiences, cultures, and traditions within the context of what will work in each situation and each market across the globe.

How is leading people globally different from leading people locally?

  1. You are leading a more diversified population with varied backgrounds that provide a totally different environment and completely different challenges than leading domestically.
  2. Scope and complexity complicates communications and relationships and this requires more interpersonal and intercultural sensitivity.
  3. Emotional intelligence looks a little different in each culture. Observation and cultural clues requires one to vary his/her style and lead people appropriately.
  4. Labor laws are different from one country to the next. One must be very careful to ask the right questions.
  5. Local, regional and global business teams require sensitivity to diverse cultures. People from one place may view things differently than those from another.
  6. It’s much harder to create a collaborative multicultural team than one that is more culturally homogeneous. Within a single country you have a familiar cultures and a single language. Culture, language, and people differences are challenging.

As we integrate teams around the world, knowing these key differences is the starting point to developing the skills and behaviours necessary to be a successful global leader.

Matrix Organization

How an organization operates, identifies projects, and supplies resources to those projects can vary from company to company. Most organizations uses a matrix structure for running and staffing their many project engagements. Matrix management generally refers to an environment where resources may report to many managers…such as a direct supervisor and possibly several project managers.

The matrix environment

Matrix management involves coordinating, organizing and executing a sometimes complex web of relationships that come about when people join the project team and are subject to the resulting multiple authority-responsibility-accountability relationships in the organization. This type of organization is an attempt to take advantage of the benefits of a pure project organization while maintaining the advantages of the functional organization. It is rare to find pure-project or pure-functional organizations in business any more – the matrix organization usually makes the most sense in terms of efficient use of resources where 100% utilization and beyond is important to the bottom line of the company and each department. Matrix organizations are typical today, even when other project management tools aren’t involved.

In a matrix organization, a clear project team is established that crosses organizational boundaries. Thus, team members may come from various departments. A project manager for each project is clearly defined, and projects are managed as separate and focused activities through the use of web-based project management software. The project manager may report to a PMO Director (if a PMO exists), higher-level executive or to a delivery manager. However, the specific team members still report to their functional departments and maintain responsibilities for routine departmental work in their functional areas. In addition, people may be assigned to multiple project teams with different responsibilities. The problem of coordination that plagues other project structures is minimized because the most important personnel for a project work together as a defined team within the matrix project structure.

The management responsibilities in these projects are often temporary – a supervisor on one project may be a worker on another project, depending on the skills required. If project managers in a matrix situation do not have good relationships with line managers in the organization, conflicts may arise over authority over employees’ work and priorities and it may become quite cumbersome trying to manage everything in the online project management software schedule. Because of this, the matrix environment is not necessarily a happy place for everyone.

The complexity that a matrix organization causes is clear: People have multiple managers, multiple priorities and multiple role identities. Because of these complexities, before an organization enters into matrix organizational structures, at least two of the following criteria for the project or the enterprise should be met:

  • Scarce or unique resources. A need to share scarce or unique resources that are required in more than one project or functional area. This can be tricky but most project management software scheduling tools can prove to be quite helpful.
  • High-end communication. A requirement for management to provide high levels of information processing and communication to complete the project.
  • Centralized project control. Pressure from the outside by customers or agencies to have one person or group centralize control of the project even though the project may be carried out by other groups in the organization.

40 interesting facts about Sachin Tendulkar


As Sachin Tendulkar announced his retirement from Test cricket on Thursday, here is a compilation of some interesting facts about the Little Master.
1. Sachin Tendulkar is India’s first active cricketer to be nominated to the Rajya Sabha.
2. As an aspiring fast bowler, a young Sachin Tendulkar was rejected by Dennis Lillee’s MRF Pace Foundation in 1987.
3. During the 1987 World Cup, Sachin was a ball boy for the match between India and Zimbabwe at the Wankhede Stadium. He was 14 then.
4. Sachin Tendulkar fielded for Pakistan as a substitute during a one-day practice match against India at the Brabourne Stadium in 1988.
5. During his early days, Tendulkar would win a coin from his coach Ramakant Achrekar if he could bat through an entire session of nets without being dismissed. Tendulkar has 13 such coins.

6. In October 1995, Sachin became the richest cricketer when he signed a five-year contract worth Rs.31.5 crore with World Tel.

7. Sachin Tendulkar used to sleep with his cricket gear during his junior days.

8. Sachin Tendulkar loves collecting perfumes and watches.

9. Tendulkar’s first car was a Maruti-800.

10. Sachin Tendulkar was the first international batsman to be given out by a third-umpire.
In 1992, on the second day of the Durban Test, a Jonty Rhodes throw caught Tendulkar short of the crease. After watching TV replays, he was adjudged out. Karl Liebenberg of South Africa was the third umpire in the match.

11. At 19, Sachin Tendulkar became the youngest Indian to play county cricket.

12. The first advertisement in which Sachin featured was for a sticking plaster.

13. The first brand which Sachin Tendulkar endorsed was the health drink ‘Boost.’ He was seen alongside Kapil Dev in many of their ad films, the start of which happened in 1990.

14. In his debut Test match, English fast bowler Alan Mullally complained that Sachin Tendulkar was batting with a bat broader than the normal willow.

15. Sachin Tendulkar started off with centuries in his debut matches in the Ranji, Duleep and Irani Trophy.

16. Sachin Tendulkar was led onto the field on his Ranji debut by his then captain, Ravi Shastri.

17. Sachin Tendulkar uses a very heavy bat at the crease, weighing 3.2lbs. Only South Africa`s Lance Klusener used a heavier bat in world cricket.

18. Sachin Tendulkar, who is considered as a calm character, was a big bully in the school.

19. Sachin Tendulkar went to watch the movie Roja in 1995 with a beard and disguise. It all went wrong when his glasses fell off and the crowd in the cinema hall recognized him.

20. Sachin Tendulkar has been granted the Rajiv Gandhi Khel Ratna, Arjuna Award and Padma Shri by the Indian government. He is the only Indian cricketer to get all of them.

21. When young Sachin fell from a tree on a Sunday evening during his summer vacation, while Guide was shown on national TV, his infuriated brother (and mentor) Ajit sent him to cricket coaching class as a punishment.

22. The naughty Sachin Tendulkar used to go fishing for tadpoles and guppy fishes in the stream that ran through the compound of Sahitya Sahawas at Bandra East.

23. Sachin Tendulkar once told a Marathi news channel in an interview that his weakness is `vada-pao`, a popular Maharashtrian snack.

24. Sachin used his favorite vampire bat during the innings in which he scored the historical 50th Test ton.

25. Sachin Tendulkar batted in his debut Test against Pakistan wearing the pads gifted to him by Sunil Gavaskar.

26. Sachin Tendulkar was a huge fan of John McEnroe, a former tennis legend. He grew his hair and tied a band around it to copy his idol.

27. Tendulkar has scored most centuries in a calendar year: 9 ODI centuries in 1998.

28. In 1998, he made 1,894 ODI runs, a record for ODI runs by any batsman in a calendar year.

29. Sachin Tendulkar is himself a role model for many admirers from other sports such as tennis stars Pete Sampras and Boris Becker, and Argentina footballer Diego Maradona.

30. Sachin Tendulkar was named after the great musician Sachin Dev Burman. Sachin’s father Ramesh Tendulkar, was a big fan of SD’s music.

31. Sachin loves Kishore Kumar and rock group Dire Straits.

32. Sachin calls Sourav Ganguly `Babu Moshai` while Ganguly calls him `Chhota Babu`.

33. Sachin once made his mother look for a frog Bhaji recipe!

34. The nanny who looked after Sachin has been universally called Sachuchi Bai.

35. Sachin is so possessive about his Ferrari that wife Anjali is not allowed to drive it.

36. Sachin loved to play tennis ball cricket and darts during rain breaks.

37. A prankster that he is, Sachin once put a hose pipe into Sourav Ganguly’s room and
turned the tap on.

38. Sachin Tendulkar was without a bat contract until the start of the 1996 Cricket World Cup. At the end of the tournament, a famous tyre manufacturer sponsored his willow.

39. In 1992, Sachin became the youngest cricketer to reach a 1000 runs in Test cricket.

40. Tendulkar is the only player who has 40 wickets and more than 11000 runs in Tests.