Avinash is mechanical engineer from IIT Bombay. After completing his graduation, he opted out of placements and started his own web-analytics firm with an initial capital of INR 10 Lacs. Though he started his enterprise solution with great vigour, he failed to attract any significant client. Ten months later, he decided to close his business. He is presently undecided about his future.
Start-ups are formed when an individual or group conceives an idea and decides to implement it against all odds. It is the “action” – that distinguishes an idea from a start-up. The start-up becomes like a baby for this individual; he or she does not mind spending the entire day working on it without making any monetary gains at times. The same individual might often crib about working 10 hours a day in the office. But then why do individuals like Avinash fail in the first place ?
It’s one thing having a strategy, quite another to follow it. So start acting and don’t quit!