Woman CEO

By S Adeeb Mujtaba Ali

   

According to Investopedia, A startup is a young company founded by one or more entrepreneurs to develop a unique product or service and bring it to market. By its nature, the typical startup tends to be a shoestring operation, with initial funding from the founders or their friends and families. 

 After reading and going through many blogs on start-ups and woman entrepreneurs I landed on a guest post of Kate Endress. She is CEO and cofounder of DITTO.com, which is an eCommerce site dealing in customized designer eyewear including the contemporary prescription sunglasses. She graduated from Stanford Business School, worked as a private equity investor, and embarked on her journey as an entrepreneur. In her guest blog post, she describes that there is an increasing number of great female role models who serve as inspirations. She states that women lead just 8% of venture-backed companies. Also, that decision of hiring Marissa Mayer by Yahoo while she was pregnant was not only exciting but also inspiring. Kate Endress shares that how fruitful was the strategy discussed by Marissa Mayer in her talk at Stanford Business School about How a woman CEO can achieve a work-life balance? Based on her personal experience Kate Endress has shared four pieces of advice:

  1. Connections Count: Build Your Network It is important to have genuine connections for the long run. All it starts with sharing your business ideas confidently, a strong and warm handshake followed by friendly eye contact. As business owners we all are busy, but meeting a new business owner every month (at least) is highly motivational. 

  2. Let Others Help: Tap The Resources There are several resources and organizations which are supporting woman entrepreneurs, utilize the facilities. It's always good to work in team or group. Its advisable to utilize the available resources and encash opportunities to grow. All this helps in networking, mentoring, generating and investing.

  3. Don't Forego Funding: VCs Are Becoming More Balanced Small venture community or woman startups are more successful for example Women make up 60% of Zynga's customers, 77% of Groupon's customers, 82% of Pinterest's users, and 70% of all eCommerce buyers. Kate Endress quotes," If your target market is women, you can leverage your experiences and build a better story of how your company will reach other females.". There are many government grants available for woman entrepreneurs. 

  4. Learn To Lead: We Need More Movers, Shakers, and Mentors Have a voice, speak out confidently, realize your weaknesses and work on them. Build your own team of strong women mentors another young woman who wants to be a businesswoman in the future. Set an example for other females and run the show while building your own network. Many of us dream to have our own startups at some point in life. Theirs no expiry date. You can start your venture at any age, what counts is the zeal, go-getter attitude despite all the odds? Buckle up. All the best.

   WE NEED MORE WOMEN ENTREPRENEURS! Please leave comments and share your thoughts on the same.

Aatma nirbhar bharat 2

By S Adeeb Mujtaba Ali

Main focus of aatma nirbhar bharat was to make a self-reliant nation focusing on local businesses (manufacturers and service providers). This was a vision to strengthen economic status of the company. Through this route, it was estimated that there would be less dependency on imports ( help in reduction of trade deficit) and boostup exports (help in trade surplus) which would help country to handle any crisis in future like covid-19

The PM's Aatma nirbhar bharat abhiyan youjna package focuses on 

Land, 

Labour,

 Liquidity and laws.

Package Breakup:

Source: elearnmarkets

The sectors to be benefited are

However, the drawbacks or shortcomings of this abhiyan are

1) Package focuses on indirect benefits.

2) No cash support but loans based

3) Loans are announced for Micro small and medium enterprises (MSMEs)

4) Bad loans issue faced by banking sector might affect the assets quality.

5) Increase in default rates might increase burden of government.

6) The abhiyan package would lead to only 1% growth of India's GDP which would not be sufficient to countries economy.

Inspite of this, the hopes are high and people are trying to encash fruits from this abhiyaan.