Start bulding a prototype...

The first thing about  a venture is the product or service...so start building them with all the resources pooled to gether and make it worthwhile. 

There should a minimum design spec for a product a working model and more importantly same is required for a service firm also. 

All the marketing and other ideas can wait, because you need to be sure the thing works well and test run that to enhance design and operational utility or service offering. That keeps the R&D period long enough to help you tide later embarrasment.

Think it up... and if you are technology entrepreneur, then you have to be ahead of the  rest....

signing off

TFE

TATA NEN initiative

Just check out this site...

http://www.hotteststartups.in/coolestStartupHome.do?method=fetch&businessFn=homePageRecentNominations

You will get lot of ideas....

:)

TFE

Idea is yours...

After much deliberation on the idea, do it extensively without giving too much of information within your circle or talk as if you have heard this someplace, this could help you with assisted feedback. People tend to disagree more often if they know you are not a part of the show. That would spill the beans as much as the negatives to the ideas are concerned.

I will tell you why exactly we might forget/or not accept the negatives....

1. Its your idea and your idea can never be wrong.

2. Its your idea and you strongly believe that your idea can never fail.

3. Its your idea therefore it will be always a winning proposition.

4. Take to the first point and run through to fourth point.

Let me take you through the reality, Imagine if someone gave you an idea of something new, wat would you do? rip the whole into pieces in case should it fail as an assumption. If you got the guts to do it and still come up trumps, then you are there.

Don't look back, and you wont ever...:)

That's it for today....

signing off

TFE

So you got an idea!!!

Its quite natural that we think we own the copyright and intellectual property to our idea till of course someone already has thought of it or almost has executed it...

It might be sheer coincidence and sometimes sheer thinking of two individual who are far apart and thinking the same... think of love stories with partners living far and still thinking the same, possibly telepathy:) anyways, dig out information to find what you are trying to do is unique and is not been implemented in someone else' mind.

Start over this process, if you are thinking that you are gonna change something for better. Spend time looking at how your idea is gonna affect the consumer and the service provider if that is you. Most important thing of course is whether you will make money.

Spend as much time as possible to see the way your business will work and check out if it has failed anywhere. Chances are that it would have failed but not come to your notice. There are chances that this is the obvious for someone who has got an idea all of a sudden from the ether.

Look at the possible success in that industry and see where does your idea fit in....

You tell me that you are convinced but then where is your customer gonna come in from? Check from the customer's angle if you are gonna lure him with your idea. Possibly if it's positive then you have a little chance.

But if you think your idea is gonna be the real thing, the amazon.com-like of Dell-like then you are a visionary by yourself.

See ya will continue this topic...

TFE

the dictionary part of it....

a peek into the word entrepreneur and ofcourse from dictionary.com

http://dictionary.reference.com/browse/entrepreneur

It said a "person who organizes and manages any enterprise, esp. a business, usually with considerable initiative and risk"

Don't know if it is the way forward with a considerable initiative and risk, now asking myself wats the best thing which happened to a failed organisation thanks to a failed entrepreneur, there was always the initiative but then the risks were always higher than that.

Now I shall blog from here on to what makes a failed entrepreneur.

I believe that the lessons from failed states are much better and promising from successful ones, living amidst us are true examples like Lehman brothers - someone in a discussion meant they had become Layman brothers :))

I have been trying to put up a technology venture and till now not been able to do it.

I have learnt a bit of lessons which I think I will share it with you people....

See ya...

In case you wanna start thinking here's my first line...

Dont take things for granted!

See ya again...

TFE (The Failed Entrepreneur)