Startup India

Has Indian startup eco-system seen a better initiative than this? Startup India Standup India?

With Government of India’s Startup India, Standup India initiative, that is intended to build a strong ecosystem for nurturing innovation and Startups in the country, I am seeing the Sun of new hopes for creating something on the face of an uncertain next.

Since the thought of building the Startup ecosystem has got attention from the Government, the economy is going to be benefited from it. You get better at what you focus on!

Highlights:

  1. Rs. 10,000 crore fund for startups
  2. A single point of registration for startups
  3. A simplified regulatory regime based on self-certification
  4. A fast-track mechanism filing patent applications
  5. A credit guarantee fund for startups
  6. Tax exemption for three years, and capital gains
  7. A Startup India Hub for collaboration
  8. Relaxed norms of public-procurement
  9. Faster exits for startups
  10. Atal Innovation Mission to encourage entrepreneurship and innovation
  11. Innovation focused programs for students
  12. An annual incubator grand challenge

More Info on Startup India Standup India Initiative

With this initiative, I visualize that the Indian youth will get better at creating more rather than complying and consuming.

Still today, many smart grads think that since they’ve finished their degree of education, they should get a higher paying job if they “comply” to the set standards and commonly accepted norms. Not an effective strategy in 2016. A better way is to create something that only you can create. Be a Linchpin!

Why it is a better way?

Because you will be the first in your own creation. Rather than worrying about getting chosen, you will be able to choose!

Is it a silver bullet?

No, it is not and I am sure this initiative will pass through iterations and improvements in its due course but this is the nature of any new creation … and guess what, effective startup founders are comfortable dealing with uncomfortable situations with ease. Be one.

Opportunity is to focus less on compliance and more on creation … create something today. Let us Start-Up India!

Will you miss me if I’m gone?

Recently read this news on TechCrunch: Secret App Shuts Down. Details here.

It raises some questions and the answers to those questions come with an opportunity to reflect on important something. Here’re the questions:

  • How would your app users react if you take the app down?
  • How would your clients react if you stop providing your consulting services?
  • How would your employer react if you put up your resignation?

If you stop doing your work, will that be a setback for them?

If your app is a clone of a popular app then no one would ever bother to notice if it is taken down.

If the quality of your consulting services is like just another consulting provider available next door then your client’s reaction might be, “Hmm, let’s hire another one!”

If you are like just another worker, it might be better for your employer to let you go and hire a new one for a less price although it sounds counter-intuitive at first.

But when the “who” becomes more important than “what,” the scenario changes.

Your work matters. Your app is missed if it is gone. Your consulting services is missed if someone else is providing that. You’re offered a premium to stay and do what you’re doing.

Become the “who” that is missed and success might never miss you. This thought connects me with Paul Graham’s classic article – Do things that don’t scale.

Perhaps being the “who,” who is missed if he’s gone is the most effective mean of getting your next gig.

Being the 'who', who is missed if he's gone is the most effective mean of getting your next gig. Click To Tweet

Here’ gig does not mean just a job, it means live performance :).

So, what would you do so you’re missed when you’re gone?