Page 89 - Web Applications (803) Class 12
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•   Community Concerns: Look for problems that are important to your community. Starting small might have a big
                     payoff in some cases. Identify inefficiencies, analyse how an innovation can assist, and weigh the dangers.
                 •   Personal experiences: Many significant world-changing ideas emerge from an entrepreneur's life experiences and
                     obstacles. If you want to be an entrepreneur, you should listen to and be inspired by the personal experiences of
                     great entrepreneurs. Their experiences may teach you valuable lessons in entrepreneurship and provide insights
                     into certain company tactics that you can use to achieve success.
                 •   Discuss  with  others:  Talk  to  like-minded  people,  get  active  in  social  groups,  and  join  local  startup  groups  to
                     conduct research with others. Many times, conversing with others opens up new avenues of opportunities. It is also
                     beneficial to master the subtleties of business.

                 It is all about finding the appropriate opportunity and taking the leap of faith for an entrepreneur. Mark Zuckerberg
                 had the basic concept of communicating with his undergraduate pals via the Internet. His simple idea launched a ‘social
                 revolution’, and today, practically all of us are connected via ‘Facebook’.




                                 Brainy Fact

                      Kalpana  Saroj,  India's  first  self-made  female  entrepreneur,  rose  from  slums  to  become  CEO  of
                      Kamani Tubes, a company with a $112 million personal asset. She revived Kamani Tubes, negotiating
                      with banks for new loans, resulting in a profit of 3 crores. Since then, she has ventured into other
                      businesses, generating an annual turnover of around 2,000 crore INR.



                        Startups


                 Scan the QR code or visit the following link to watch the video: What is a Startup? | Startup Meaning and
                 Types | The Money Gig
                 https://www.youtube.com/watch?v=9vpnrNcAi9s

                 So, you can understand from the video that a startup is a business that is in its early stages of development. A startup
                 and a regular company venture are not the same, especially when it comes to growth. A startup is frequently financed
                 by the founders until the business gains traction and attracts outside money or investment.
                 These days, we hear a lot about startups being launched.
                 It could be in the field of technology, health care, food,
                 virtual reality, or something else.
                 Let us learn more about startups:
                 •     Startups  can  be  launched  with  a  small  amount  of
                     capital. Most startups thrive on technological ideas
                     or  offer  technologically-driven  solutions.  Many
                     businesses  like  Swiggy  and  Zomato,  for  example,
                     have begun to offer online food delivery.
                       They  collaborate  with  food  service  providers  or
                     restaurants to aid with home delivery of food using
                     a comprehensive app.
                 •     Startups seek financing in a different way than other small businesses. They rely on funding provided by angel
                     investors or venture capital firms, whereas small businesses rely on loans and grants. Many Indian firms have also
                     garnered funding from worldwide investors.


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