Startup India Standup India: Create Something Today

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, which 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.

Startup India Standup India

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

Highlights:

  1. A 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 or consuming.

Still today, many smart grads think that since they’ve finished their degree education, they should get a highly 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 it 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 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 the 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?

The Vision Thing

People study in same schools from same teachers, use same facilities and sometimes get to work in the same company. Still, their degree of success is different. Why?

Each one of us is different and each one of us takes different actions in different situations.

Why different actions?

Because we “see” the situations differently.

If a person is an optimist, then he would see possibilities in every situation. But if a person is pessimistic, then he would see obstacles in every situation.

Since I work with Software Engineers all the time, let me give you an example of our development team: When every programmer has a Mac with more or less the same configuration and same version of iOS SDK, the quality of code differs. No matter how much the organization tries to ‘control’ it. Programmers see things differently.

Every programmer has a different vision for the code they produce.  The Vision.

ID-10058329

I have observed people who came from nowhere, had no degree in Software Engineering, still managed to get themselves hired in the team and reached to their professional apex with their ability to see and execute.

Often, they did not limit themselves to a particular job tag or title and focused on executing as their vision led them.

Seth Godin has written a great post on learning how to see.  A must read. An excerpt:

Seeing, despite the name, isn’t merely visual. I worked briefly with Arthur C. Clarke thirty years ago, and he saw, but he saw in words, and in concepts. The people who built the internet, the one you’re using right now, saw how circuits and simple computer code could be connected to build something new and bigger. Others had the same tools, but not the same vision.

Imagine what’s possible. Make impossible I M Possible and make things happen. You don’t need an invitation to make something happen when you see it that way.

I see that each one of us is like a Startup. And we have to make our startup successful. We make our startup successful by “seeing”  what is invisible to the most and then taking massive actions.

Ability to “see” is extremely important to startups. Similarly, the ability to “see” is extremely important to us as individuals too.

You get what you see. You don’t get what you don’t unless someone else sees it for you.

But why rely on someone else’s ability to visualize for yourself. Why can’t you see for yourself? Certainly, you can.

Hellen Keller said it so apt way,

“The most pathetic person in the world is some one who has sight but no vision.”

You know that you’re not born to be a pathetic person. You are born to thrive. Go, see for yourself!


Photo credit: chanpipat/Freedigitalphotos.net

 

Lean Thinking and Project Management

Reading an interesting post on lean thinking and project management by Ian Needs of KeyedIn Solutions on Zen PM blog.

The post talks about Lean Startup principles from Eric Ries and how those principles can be applied to Project Management.

While all other advice is good, I liked the mindset to create Minimum Viable Product approach. Here is why I liked that:

1. It is very natural to how life (or business) works. Ian writes:

For you, that’s a minimum viable project. Pilot your project on a very small scale, then measure and learn as you execute. By the time you initiate a larger-scale iteration of the project, you’ll already have collected a lot of valuable data to help you optimise the process.

2. It eliminates inaction.

Initiating large projects takes a lot of time and it is difficult to move the ball ahead. Starting small has a natural benefit. People’s mind perceives that it is a small thing so even if it fails, its impact would not be that big. While this is just a perception, but it smoothens the actions.

3. It just fits

It fits with the approach I have subscribed for this phase of my life – Living a focused, minimalistic life.

The whole post is pretty informative and good. A must read I’d say.

Hundred and One Life Tips from Nicholas Bate

I’m a big admirer of Nicholas Bate and his style of effectively presenting bite sized information married with numbers. He has a very different way of presenting, touching your emotions and ignite actions.

Some gems:

  • #16: Your start-up will take three times as long as the spreadsheet predicted to become profitable. Make the adjustment now and you will be fine.
  • #29: Talking beats e-mailAnd sometimes hugging beats talking.
  • #56: Cars were meant to replace horsesNot walking.

And the complete Life Tips 101 post here.

 

 

On Keeping the Schedule Secret

Reading an interesting article on time buffering on pmStudent.com. The article talks about if time buffering is dishonest.

The project manager wants to be honest and straight and want to convey the actual release date to the team and find out a win-win way.

Josh has shared his thoughts that are in alignment with what a general good practice should be. That is to be open and honest to a maximum possible extend with the teams, customer and sponsors.

Having said that there are times when Time buffering might be a part of risk mitigation strategy. If keeping the Schedule secret is initiated by the Sponsor or Customer then there are cases where the Project Manager has to respect that.

As a project manager, your primary focus should be to ensure that the project is delivered by the Schedule. Secrecy of the Schedule itself cannot be considered as an dishonest act. If it is confidential, then it is confidential.

But if you keep the secrecy of the Schedule for your own hidden intention then it is a dishonest act and should be avoided at all costs.