How many of you want to start your own company? - Page 3

vineesh1

Hi Kedarjk

Am just starting out and need all the assistance available to be able to get anywhere.

The ebook reader idea is more of like an electronic notebook, which probably shall eliminate paper. Primarily, reduce the weight of school bags and additionally enable paperless offices.

At the moment I am seeking incubation at the biz incubator unit of iitd to develop a prototype of this system and simultaneously trying to raise some seed capital.

May I know your area of expertise and what are you involved in?

niraj.kumar

Best of luck to all of you

.

mayurpathak · 06:02 PM

Time to contribute

I tried my hand at starting my own business too. It was when I was working with my previous organisation. We being an IT services provider, used to go behind scores of product companies for technical alliances. And some of the smaller product companies would also come behind us, hoping that we help them sell their solutions. I was serving the Insurance vertical and often interacted with such small/medium player who wanted us to push their products. This gave me an idea of starting a sales process outsourcing practice (We helping others by providing them quality leads and sales support). I spent 2-3 months conceptualizing the whole thing and prepared the plan. As a dedicated idiot, I took it to my own employer saying its a new business plan. Thankfully, being numskulls themselves, they rejected my plan. But I knew I had a hot idea and a unique way of doing it. So I started gearing my resources. I also managed to find some able shoulders who could have helped me. Using my contacts in the then current organisation, I even managed to convince two companies to look at outsourcing their lead generation to India (and me). However original plan required significant investment which, for some unavoidable reason, I couldn't muster. And hence I had to shift to Plan B. I decided to sell my lead to a small company who had a good and effective direct marketing team. (I deliberately avoided going to a small time voice BPO for the fear of losing my methodology and process.) I signed a contract as an external consultant and I garnered referral, training as well as management fees (in lieu of passing the customer). I helped them both to set up the sales process outsourcing practice. I became a free lance consultant! The process ran well for 6 months. However due to stupid confusions and illogical thinking by my partner, I couldn't continue with them. Not thinking about business continuity cost me dearly and my dab at entrepreneurship came to an abrupt halt.

This is my story. Your feedback is awaited. I'm still dabbling with the idea and if there are CEans who wish to explore this opportunity with me, I'm open for discussions.

[I have deliberately avoided paragraphs]