Lean Startup is Way Ahead of Traditional Methods

Good thing about the new age development, the lean startup which is transforming the future of startup is-it plugs the loopholes before things go haywire. That’s why it is being accepted by industry cutting across domains of expertise.

Let’s Initially Make Efforts to Understand the Traditional way of Running Startups

Generally businesses adhere with the following set of rules before starting their business:

• Business Plan.
• Arm yourself with training.
• Decide a place.
• Arrange capital.
• Decide the legal structure.
• Get registration certificate from the local government.
• Get registered for tax.
• Know the employer responsibilities.

Is the old System Becoming Obsolete

Sounds bit interesting, the above set of rules talks about so many things, their significance can’t be ruled out. But what surprises me is-where is the accountability, and checks and balances in the system. That’s why this traditional system of conducting a business is no more effective, resulting in the shutting down of majority of startups.

The New Phenomenon is Just Amazing

Research and development on the operation, functioning of startups, new businesses suggest-they can’t coup up with the market challenges bases obsolete, traditional rules, methodology. Subsequently giving birth to a new methodology called as leanstartup.

Ascend with the New Age Phenomenon

There are couple of rules that form the nucleus of the incredible phenomenon, transforming the new businesses. Let’s learn about Build-Measure-Learn rule. This rule focuses on two significant principles:

1. Come up with a MVP that is Minimum Viable Product: Just do away with the feature, methods, process that hardly contribute in the direct learning and experience you are seeking.
2. Innovative Accounting reports must clearly define triple A: Actionable, Accessible, and Auditable.

See the difference, how the new age development is enabling newly started enterprises in scaling up.

In comparison to traditional method, it is very much scalable. It clearly focuses on checks and balances which plays a critical role in establishing your pet company as a brand.

Each word speaks!!! Let’s for instance take-“Do away with the features, methods, process that hardly contribute in the direct learning and experience you are seeking”, here the theory clearly talks about accountability. As system is in place, you can easily figure out the things which are not working in your favor and your pet business at large. The moment that happens, you are in a better position to plug the loopholes, giving a new life to your business.

Bank on Our Credibility

If you are seeking a reliable organization with expertise in successfully fueling the growth of new enterprises then bank on the expertise of Innovify. We are a professionally qualified company with rich experience in lean startup methodology.

Don’t Kill Your Dream, Collaborate with Startup Incubator

Let me first delve into what is startup incubator before going deep into its significance. The industry experts have come out with a definition, focusing on its significance – It’s a unique combination of a wide range of business development processes developed and designed to foster the growth of new, upcoming, and small businesses, supporting them to overcome tough market competition.

I am quite sure; the above definition unravels the mystery surrounding the wonderful development, taking entrepreneurs by storm.

Significance

The above mentioned definition clearly indicates towards the importance of new age methodology. These serve as a launching platform for small and micro businesses, which have the potential to bloom as a business, catch the eyes of customers.

If you are budding businessman, looking for a partner who can enable your business scaleup, establish as a brand, seek the business acumen, experience of an experienced, professional startup incubator. You know what – such a strategic step pays dividend.

Depending on the requirement of your startup, you can leverage a wide range of services offered by startup incubator. These include:

• Provide support in accounting/ financial management assistance
• Guide in accumulating capital, bank loans
• Support in sales and marketing
• Support in nurturing business etiquette
• Support in exploring collaboration
• Sharing comprehensive training
• Help in finding industry leaders as mentors
• Help in exploring networking opportunities
• Provide support in intellectual property management and legal counsel

Dear readers, budding entrepreneurs, there is nothing called cardinal rule in this theory. In accordance with your need, you can hire an expert service provider.

Why Don’t You Partner with Innovify?

Don’t take any decision in haste!!! It’s your future, your company. Speaking about Innovify – it’s a significant company with hands-on experience in fostering the growth of many new companies. Leveraging their services, many entrepreneurs, promising businessmen have been realizing their business dreams. It’s a company that has been a fortune turner for new companies irrespective of geographic position and product/ service.

Why don’t you too bank on their expertise??? If you are fed up running from one expert to another, why don’t you bank on Innovify? Your search for a reliable, trustworthy partner ends with them. I bet – they wouldn’t disappoint you.

So, what are you waiting for??? Don’t kill your dreams!!! Who knows you could be the next successful business man!!!

Transform Startup through Startup Accelerator Methodologies

Many of you may not be aware with this term startup accelerator; however, it’s swiftly catching the imagination of entrepreneurs, enabling them to scale up.  As an entrepreneur, who doesn’t want to be in the league of winners, successful businessmen??? But not many new companies accomplish what they set out for.

Do you know why??? Almost all of them encounter similar kind of challenges, including lack of experience in running a startup, raising fund for investment, reaching out to new customers, and creating a brand among others.

Statistics on the future of startup further adds fuel to the fire. A comprehensive research conducted by a global management school Harvard Business School brings forth alarming findings. According to that research-75% of new companies fail to sustain the market pressure. Most of them encounter similar kind of challenges.

So, what’s the Way Out???

Management gurus, business leaders are very much on the same page when it comes to throwing weight behind startup accelerator. You can’t take leeway to undermine the significance of the amazing program.

In fact it’s custom made for new businesses. Do you know why they are in existence??? Significantly, the role of this methodology is to foster the growth of new businesses, providing facilities like office premises, mentorship, and access to technology, and industry expertise among others, leading them to growth.

The main objective of startup accelerator is to play a role of a catalyst, leading to establishment of a new business as a brand. A term seed capital or sweat stake is very much integral to this mode of mentorship.

What Does Seed Capital Mean???

The startup accelerator, playing a critical role in transforming the future of your dream new company is also integral to your new enterprise. Reason being, the moment you endorse a deal with such organization, they assume the role of a stake holder, enabling you to grow, investing seed capital.

For a finite period of time (may vary from three to four months), experts collaborate with the new enterprise, enabling it to scaleup. In lieu of the services, they become equity holder. That stake may vary from a company to company and deal to deal.

We will transform your startup

Innovify is a leading startup accelerator, helping new businesses meet their strategic goals, scaleup. Buoyed by a team of technically qualified professionals, we work in cohesion with the founders, top management of the startup, helping them in successfully achieving what they wanted to accomplish as founders.

Fuel Your Startup’s Growth with Innovify’s Startup Incubator Methodologies

Are you planning to plunge into a business??? 

Are you seeking a reliable growth catalyst??? 

Do you think, you require a mentor to give shape to your dreams??? 

If your answer to these pertinent questions is yes, then it’s high time to get into the fold of a reliable startup incubator with proven hands-on experience, enabling new businesses to scaleup.

Shocking Statistics, You Can’t Undermine

Before you make up your mind to commence your new company, look into the alarming statistics pertaining to the scope of new businesses. A comprehensive research conducted by a globally famous business school Harvard Business School reads that about 75% of the new businesses crash fails to exist owing to cut throat market competition.

Let’s Focus On Some More Interesting Statistics

According to an exclusive research carried out by a leading organization, 3 out of 5 new businesses fail to face the market competition within their first 5 years of existence, leading to closure of the new business.  On the other hand, 4 out of 5 new businesses that leverage startup incubator program went on to become successful within the first five years. This figure clearly reflects the significance of the startup incubator.

Explore The Astonishing Innovify

Your search for a reliable partner with rich experience in mentoring startup ends @ Innovify. We are a leading startup incubator, having supported many new enterprises in accomplishing their strategic goals.

Our sole, one point agenda is to enable new businesses grow, providing them with the requisite operational support, financial, and technical services among others.

Services

Combining brilliant experience of our team onboard and state-of-the-art infrastructure, we are offering the following services:

• Provide support in accounting/ financial management assistance
• Guide in accumulating capital, bank loans
• Provide support in developing relevant document
• Support in creating a board of directors
• Support in sales and marketing
• Support in nurturing business etiquette
• Support in exploring collaboration
• Sharing comprehensive training
• Help in exploring mentors
• Provide assistance in business basics
• Help in exploring networking opportunities
• Support in with regulatory compliance
• Provide support in intellectual property management and legal counsel

What else do you expect from your reliable partner!!! We can go to any extent to ensure the success of your dream business. Mutually we will work in cohesion. Right from the first step till the full-fledged commissioning, we will remain integral to your new enterprise, leading it to growth. That’s what you as a businessman expect from your business partner, mentor.

Uniqueness of Lean Startup

While starting your own startup, your first and foremost responsibility is to make it viable, overcoming a wide spectrum market’s survival challenges. Challenges could vary from startup to startup. However, more or less, almost all the startups encounter identical kind of challenges.

As a businessman your dream is to keep your pet startup floated come what may. Though you know it’s not that simple. At every step, you have to face one problem or the other to keep your pet venture floating. At the same time, you want to ensure smooth running of your pet startup, overcoming all the hurdles.

As a research scholar who is regularly delving into the mechanism of startups, writing on startup wasn’t a challenge. However, I don’t want to receive any backlash, writing an immature recommendation.  I am quite confident, readers will benefit from my advice.                

Challenges being faced by startups

• Competition.
• Lack of capital.
• Lack of sponsors.
• No history to back.
• Planning constraint.
• Lack of knowledge about the market.

Now the question arises-how startups can overcome these challenges.

Unique lean startup to push your startup towards sustainability

There are many theories and concepts, defining the mantra of success for startups. Lean startup is one of the most feasible, reliable and affordable mechanism, enabling startups in scaling up. Let’s make efforts to comprehend what in fact that mechanism is which is taking everybody by a storm.

Experts have defined the new age phenomenon as a mechanism to develop business focusing on the principles of lean production. It’s a mechanism that highlights on the ability to adapt, change quickly.

Lean startup is an approach to business development that is based on the principles of lean production, a manufacturing methodology that values a business' ability to change quickly. That’s what matters in business. If your startup is facing issues in introducing a customer grabbing product or service, it’s high time for you to redefine it, remodel it, and reintroduce it. That’s what the new age phenomenon talks about. Interesting thing about this phenomenon is it works on three core principles-Build, Measure, and Learn.

We bring in substantial experience in lean startup implementation

At Innovify we bring in substantial experience on the table in the successfully implementation of the lean startup methodology. Backed by the expertise of our team members, we are enabling startups in running them profitably.