India is going through a very unique stage right now. We are going through a kind of similar stage that the U.S saw after the dot.com revolution. The rate of brain drain has declined to a significant level and we are seeing a high number of Indian engineers opting for entrepreneurship. Many home grown startups have been able to make their mark at the global level. This is quite an optimistic scene for the Indian startup ecosystem. Many college going kids are also trying their hands out on entrepreneurship. Online business start ups are getting a lot of attention from the millennials as digital is the easiest mode to start on solving any real world issue.
The 21st century is going to see a lot of revolutionary changes in the coming years. Virtual is turning into becoming the new real. Digital scene is going through a revolution which will eventually put us into a full fledged digital virtual environment in the coming years. There are many easy businesses to start up just from your home. Technology is the solution to many real world problems. It's up to us how much we can leverage out of the new age technology.
Ideas for business start up:
The worst thing almost all the startup enthusiast college kid does is not trying. We think a lot about our ideas, feasibility, outcomes and a lot more but hesitate to try out at a practical level. Until you try your ideas at a practical real world level, you will never be able to get to know about the feasibility. Ideas always sound cool, but the real struggle is to get the product market fit right. If there is no one to buy or use your product, your idea is useless irrespective of how cool it sounds. As Naval says, product market fit is essential, but the most important thing is to get the product market founder fit perfectly. Your co founders and the early stage employees will decide your success probability. If you are failing to get any co-founders, no problem, go solo. Naval in an interview with Joe Rogan in the famous Joe- Rogan podcast says about the future of solo founder startups. In the near coming years, we will surely see unicorns emerging from the content sector, specifically from the blogging and podcasting scene. As the knowledge economy and creator economy has started evolving, these segments will see some unicorns in the coming days.
Frankly saying there is no perfect idea in the practical world. It's all about how well you are solving a real world issue and how many users are going to get benefitted from it. It's a problem solving game and nothing else. Most of the startup enthusiasts just keep waiting for the perfect idea to strike in their mind. But trust me, that moment will never come. The best is to observe and solve the problems that are around you and try to find the best solution for that. In the meantime it's definitely important to think about the scalability and the options for pivoting.
Easy business to start up:
The title is completely wrong. Nothing Great comes easy. It involves a lot of struggle, research, hardwork and the combination of all of these along with other factors. Copy Paste ideas are a different chapter, we are not going to discuss them here. But still there are some businesses that can be started easily with the minimum available resources. That doesn't mean we start googling about the business with low start up costs. Basically we have now various kinds of online support to test our ideas. The cost is very low to create an MVP in the digital space.
There is no point to keep waiting for the perfect moment to startup. The moment is now only. If you have any tech startup ideas or any kinds of other idea, the best option is to create an MVP using the available resources around you. The next step will depend on the market response, scalability and the options of pivoting. Online business start ups are the great ways to explore our ideas, feasibility and solve the real world problems.