AEKNATH MISHRA SHOW to build STARTUP

In business, wealth management is of the utmost importance. In a startup business, wealth creation and its distribution should be your first priority. For startup founders, there are eight major tips: 1) pay the first 10 percent to yourself 2) monitor and control expenses 3) make your money work for you 4) apply for wealth insurance 5) buying your home will be the biggest expense 6) plan for financial security in your retirement phase 7) learn more to earn more 8) set a clear goal for what you want to achieve.

If we ignore the research step, we can make big mistakes. Every small business begins with research on marketing hypothesis; it is the secret to success. The formula for success is rather simple. Founders, executors, and investors need to take risks, make predictions about the future, and be right in doing so. The risk in market prediction will come up through the marketing hypothesis. The measures of this risk assessment are: qualitative data, quantitative data, heuristic data, intuition, and involving your stakeholders.

A business has two types of growth trajectory: horizontal and vertical. Horizontal progress is copying an idea that works, such as building more of a successful product. Vertical progress is new ideas. In the entrepreneur journey, money is the most important thing. And when working in a monopoly, an entrepreneur can focus on new products, and increase their income over other markets.

The first to act has the advantage. If you enter a market before your competitor, you have a chance to capture a significant share before they have even begun. However, the better option may be to act last and focus on a niche that your competition may have neglected. Remember, there are two methods of competition: perfect competition, where there is no product differentiation and an intense struggle for survival, and monopolies, where you focus on a market they have not touched.

Do not set out blindly. Take time to determine your path to success and plan how you will reach that target. Decide on your time, milestones, and speed, and stick to this roadmap.

There are two ways to externally fund a business: debt and equity. Startup funding options are: Bootstrapping, crowdfunding, angel investors, venture capital, business incubators, and accelerators, winning a startup contest, bank loans, loans from microfinance providers, government programs for startup capital, and raising money with pre-product sales or selling assets.

To secure the best chances for success an entrepreneur must hone their skills in leadership, technical knowledge related to the product, accounting and bookkeeping, problem-solving, and managing their relevant business model.

Entrepreneurship is attempted by many but mastered by few. The three main types of successful founders are: The visionary, who possesses a deep intuition and domain expertise, to anticipate how products and markets will evolve. The operator, who oversees a complex, but flawless business and focuses utterly on their customers, and the connector; a magnetic leader who enjoys industry-wide appeal from customers and staff.

Small Business Operation: Founders must learn to do things by themselves. Even if takes years to develop the necessary skills. You need to be a jack of all trades to oversee each part of your venture. But do not fall into the trap of doing it all yourself. Hire a team you can rely on and assign each of them a task. Do not give one person more than one task—and ensure those tasks are completed quickly. As a startup founder, you will have three categories of workers you can assign tasks to: your in-house team, the partial outsource team, and the full outsource team.

Key to success: The attributes required for a successful founder are character, desire, experience, expertise, execution, and value creation. A venture must have a founder who unifies all six attributes into a single goal. A strong founder is the key to success.

Venture etiquette: Venture builders like Steve Jobs, Elon Musk, and Bill Gates take unique and innovative ideas and build them into successful business models. These types of founders make their ideas a reality with one common trait: venture etiquette. You will find that most successful founders share a set of common values in their venture etiquette. Patience, resilience, experimentation, and risk mitigation.

Safe Solopreneurship: An entrepreneur must dive in with a strong idea and a willingness to tackle the day-to-day problems. This idea must be solely theirs, a brainchild, and a vision, which they believe in wholeheartedly. They must lean on their support system for guidance to design an appropriate team, fit to turn their vision into a reality. Next, they must move on with stake allocation. Their initial share of the idea should not be less than 75 percent, as this will keep them motivated, authoritative, and inspire them to lead.

Be optimistic: For an entrepreneur, believing in positive, favorable, and desirable outcomes provides motivation, emotional fortitude, and cognitive resilience. This mindset generates new ideas, promotes creative thinking, and helps you bounce back after each failure.

No ego only Goal: If you believe that you are smarter than everybody else, guess what happens. You stop listening to the people around you. Slowly but surely, the company will go from greatness to mediocrity. Ego can destroy everything that
it has created.
Being a successful entrepreneur is a balancing act. You need to have ego
to get your company started and to believe in your chance of success,
but too much and you will fail to heed good advice when it
comes to you.
There are three ego states as given in Berne’s transactional analysis model. These states are the child ego state, the adult ego state, and the parent ego state. Understanding the impact of transactional analysis is critical to managing your people and thus, your business’s success. We react to confrontation, management, and authority through one of our three ego states, and the self-control to fight against this urge can make or break your success.

How to start a Business: The first five steps are the most important for any business startup before its launch. The launch will automate if, and only if, you follow the IBPTA steps. Ideate. Branding. Planning. Test. Act.

Sow a big dream: The four guidelines for budding entrepreneurs are: take small baby steps, as that is the only safe path forward; be lean and flexible, try agonistic experimentation; compete with the competitor by improving on recognizable products or services and emphasize on products, not sales, with sustainable viral growth.

Born Entrepreneurs: The characteristics born entrepreneurs possess are passion, fearlessness, an obsession with money-making, innovation, and a desire to lead by example.

If you start a business; you will fail.
I know that hurts, but I need to rip that Band-Aid off right now. 90 percent of startups fail and, I can guarantee, that 100 percent of successful startups failed at one point in the past. The difference is that they were able to move past their failure, recalibrate, and recover.
Myopic Startup is no-nonsense diagnosis of the problem, addressing the common short-sighted errors and pitfalls which kill small businesses—and cost large businesses millions.
I won’t lead you by the tail, I’ll tell it to you straight. If you choose to be an entrepreneur, you are choosing to be stressed, overworked, and lonely … until you break through that first hurdle and find yourself on the fast track to success.
This book will guide you through the minute details of successful startups and help you achieve a 99 percent success rate. That other 1 percent is on you. You need to be willing to put in the work and commit to the lessons in this book. If you can do that, then you and I might be able to do business.
As you read, remember that failure is a learning curve. Every time you stuff up, it is a chance to learn. Now, I know you’ve been taught differently—failure is bad—and all that junk. But I want you to forget all of that. The quicker you fail, and the harder you fail, the more you are going to learn.
So, why do so many startups fail in the first place? Entrepreneurs start with so much hope, so much energy—how could they possibly fail?
Let me tell you about myopia. It is a medical condition where a person can only see objects that are close to them in sharp focus. If they try to look ahead, at distant objects, all they see is a vague and blurry outline.
I bet half of you see where I am going with this … and I bet half of you don’t believe me. But it is true. Most startup entrepreneurs begin with only a vague idea of what they want. They throw themselves in the deep end and expect their hard work to ensure success. They assume working in a startup environment is like working a normal 9-to-5 job. I must make it clear, right now, that entrepreneurship is challenging, and despite enormous effort on the founder’s part, most ventures fail.
An entrepreneur must have a skillset which ordinary folk do not.
And many people are, despite what they think, painfully ordinary.
But I am here to help with that.
In total, it takes twelve steps to diagnose and treat myopia. Well, I am going to take you through twelve steps that will diagnose and treat your business myopia.
This book contains the twelve steps you need to take to avoid the mistakes that plague your competition. I will elaborate on actions you can take to better understand where your business is heading, and how you can set it on the right path to recovery and success.
If you are a veteran of the startup lifestyle, don’t worry, you will find something valuable hidden in here, I have made sure of it.
If you are green and new, welcome, and don’t worry. This book does not assume that you already have a degree, or twenty books memorized, I will break down every concept into its most basic parts, so readers of any skill level can understand the lessons and get their business back on track.

Juan studied for five years at Monclova High School. His personal experiences with bullying and nagging fetched blessings finally. Thus a lesson for the listeners- Respect people regardless of their appearance because the tables can be turned around at any time.

A bus journey from village Tocuaro to Monclova alongside his family.

A snapshot of typical village life, where Juan found opportunity in an awkward situation. He found, Juana, and a boy Julio wrapped around each other naked. They are moving, sweating, grabbing and moaning like she was in pain. Finally, they becomes friend and fulfill goal of Juan.

Story-01 of fiction book "JUAN": The Dilemma of Being Born into Poverty. The title of the first story is "The Bull- headed Soldier". Mr. Toro, keep the rich culture of Putzcuaro alive through his stories every Sunday at the ground of Tocuaro Primary School.

This episode is for MYRODECAST. The link submitted on their website.

It's Aeknath Mishra Show. We Podcast Personal Journal about Startup-ecosystem with full complement of fiction and non-fiction talks, so Entrepreneurs can reach their goals faster.