Most startups are typically valued on future earnings. This is risky, because the future is unpredictable, and the numbers are not being linked to reality.
Many Indian startups, unfortunately, are overvalued. Look at the recent news and market. Looks like the funding winter is coming, realistic valuation is on the cards. The valuation bubble is bursting with a reset in sight.
In the fast-paced arena of startups, where ideas flourish and innovation reigns supreme, valuations have always been a sort of black magic.
But when you get them right, the benefits are multifold. They often result in operational efficiency, better value propositions, better scaling possibilities, and better access to funding.
So, where does a business plan fit into all this?
And why it is necessary?
In the dynamic and ever-evolving world of startups, having a well-structured business plan is akin to a compass guiding you through uncharted waters.
At its core, a business plan serves as a roadmap, illuminating the path to success by outlining your startup’s mission, vision, strategies, and goals. But beyond this conventional wisdom, there is more to what it entails. The question really is— can a business plan be an asset? And if yes, what must go into it?
Clarity amid chaos. It would be an understatement to say the current world is more chaotic than we would like. Add to that life of a startup, which is often rife with ambiguity and uncertainty. A wellthought-out business plan brings clarity to your vision, helping you articulate your unique value proposition, target audience, and market differentiators. It is a tool for making critical decisions with confidence.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Wearable Automatic ASSISTANCE GLOVE
This proposed prototype works by wearing the glove and either touching a specific finger with the thumb or pressing a special switch.
BLUETOOTH CONTROL Through Mobile
Creating a Bluetooth-controlled device with an Arduino Uno and an HC-05 Bluetooth module enables control of lights or even relays to manage AC appliances wirelessly using an Android smartphone.
Raspberry-Pi Based WAVEFORM GENERATOR
A waveform generator is a commonly used test and measurement instrument in electronics laboratories.
World's Smallest Programable INDUSPHONE DESIGN
Smartphones have become a necessity in daily life.
AUTOMATIC WIPER CONTROL For Three/Four Wheelers
The integration of a 555 timer and L293D motor driver in an automatic wiper control device presents a practical and efficient solution for enhancing driver safety and convenience.
EMS Vs Components Manufacturing: EMPLOYMENT IN ELECTRONICS INDUSTRY OF INDIA
A recent article in a leading business newspaper reported that industry executives, during a government meeting, had suggested that EMS firms create more employment than electronics component manufacturers-for every rupee invested. To verify this claim, a review was conducted with both component manufacturers and EMS firms, as well as several trade associations.
Why Did Rajguru Electronics, A Leading Distributor Of Components And Development Boards, Enter Manufacturing?
After nearly three decades in distribution, Rajguru Electronics pivoted to manufacturing, setting up a unit for its ADIY subsidiary in Bengaluru. EFY's Yashasvini Razdan interviewed CEO Dileep Jain to explore the reasons behind the shift and the company's growth strategy.
"We Are Building FUTURE ENTREPRENEURS With Drone Assembly And Maintenance Training"
AVPL is creating village-level entrepreneurs and jobs through drone technology and agriculture training. In an interview with EFY's Nitisha, Co-founder and Chairman Preet Sandhu discloses how their 70 centres across 12 states offer offline courses in RPC and agricultural spraying.
"Becoming CLEAR"
From a nonchalant teenager to authoring a book on Verilog at 25 and launching successful IPOs for startups on the US stock market, Rajeev Madhavan exemplifies how the right guidance can transform a life. This is the story of one of Silicon Valley's most influential venture capitalists, as narrated to Yashasvini Razdan.
THINKRAW INDIA'S SOLAR SOLUTIONS FOR THE AGRICULTURAL SECTOR
ThinkRaw's blend of technology and tradition is revolutionising agriculture with solar-powered solutions that enhance efficiency and sustainability in farming and aquaculture.
