Internet of Things will take some more time in playing a crucial role in our lives through Healthcare. I personally see two aspects which are important – Hesitation and Consistency. Hesitation is in regard to using mobile devices to track Healthcare. Even though there are quite a few apps we use today, depending on them to take care of our health…
Effectuation
Ever wondered how entrepreneurs think? What goes in their mind and how do they predict the future of their idea and themselves? Even I did. Dr. Saras Saraswati, a Cognitive Scientist worked on this problem and the result is Effectuation. Instead of me explaining, you should visit the site.
3 Questions
Before you start working on your idea either as an Entrepreneur or as an Employee, there are 3 important questions you want to ask yourself: Where do I want to be? How to get there? Can I get there? Very simple, but yet powerful. Where do I want to be? During the last week of December 2015, I was restless.…
Ideas as Platform
When we have an idea, we focus on building the product. What happens eventually is that the product gets into iterations and over the period of time becomes redundant for various reasons. What we need to focus on is to build our idea as a platform. Think of it as a broader solution and the products are offerings of the…
Future of Consumer Priorities
Consumers are now more demanding then few years ago. Thanks to the competition. There are newer and innovative products coming out more frequently and also the iterations to market are coming down. According to TrendWatching.com, the five key attributes for any successful startup are Affordability, Simplicity, Sustainability and Design. Any product/service wins market share which balances these five attributes.
Managing Adversity
It was found out that the number of startup’s during the Economic downtime in 2009 was much higher than during the Internet and Dot Com boom in the late 90’s and early 2000’s. This means that people are thinking different and having an appetite to do something different during difficult and testing times than when everything is going right. When…
Entrepreneurs are Risk Lovers
Yes. This is what is the norm. If you are doing anything outside your comfort zone, then you are a risk lover. Leaving a well paying job and starting out to change the world in your way is definitely a risk not everyone is willing to take or interested in taking, but when you do, you will hear a lot…
Is your startup ready for tomorrow?
You have started up. You are excited and you want to look at all possible situations and scenarios where you can build your startup and make it big. Who does not want it? The aspect of running a company is not just providing a solution/service, but having an immaculate plan of alternative Business Models. What do I mean by this?…
Adoption Rate
Aviation and Health Care. Let us take two industries to compare a simple aspect – Adoption Rate. Both industries are part of each and everyone’s lives. There are people who might fly or have never flown, but there is no person who has never visited a Doctor / Hospital. In case of emergency, in aviation, the Pilot who is responsible for…
Educating the Healthcare Consumer
There are over 1000 startups just focusing on Healthcare in India and we see more and more coming up each day. If you look at the pattern of the startups, predominantly we see competitive startup’s. There is one person who is wanting to solve a problem and they are many others following the trend but with an additional feature or…