My Learnings: Start Up, Management, Venture Capital, Work Life

Here is what a first time entrepreneur experiences in building a start-up and life... mistakes,learning and growth

Wednesday, January 04, 2006

Reaching customer feedback ASAP
One of the good things in Carwale.com is that we happen to take the model to customer very quickly. It was possible to spend many more days in development room and improve the product drastically.

I believe that no one can improve the product better than the customers who actually use it. Customers, are just the extension of development team who tell us what the product/ service has to be like.

We took not more than 2 months, since we conceived what we need to do to launch the portal. Thanks to our development pillars Rajiv and Banwari, and Arun to think it through. And to Gaurav, who made the pages look far better than what I'd approved for launch.

Monday, January 02, 2006

Business Plan and Business Model

I realise that writing a business plan is also the best way to hone your thoughts and improve them. As I rewrite my financials and plan, it occurs that our understanding on the whole model and plan has undergone a change again. My colleague questions this... Is it uncertainty of what we are trying to do? Is it that we have failed to explore all the options first?

I think it's none. A business is more like Sense of direction... . I once read that Business is often like a game of football. You know, where the goal post is and keep moving towards there. But game changes every 10 yards and you steer, adjust, reverse, forward etc... and keep moving towards the post.

It fits what we are going through. We keep moving, and on the way see newer horizons, inputs and then adjust to get more firm. It's possible to stick one single model and still succeed. But I think one will not unleash the full potential of an opportunity then.

Anyways, Carwale.com is the best learning event of my life. Most exciting too... Very true that entrepreneurship is the closest a man can have to give birth. Right Now, I can see first at work, other at home.
Here are my new year resolutions:

1. Organise my early hours of the day. Get Up Early; Exercise and Meditate more regularly.
2. 'Live in the moment'. More conscious and aware. I'll explore the joy of being 'Present', I gain it at times and then lose it. Practise More.
3. I'm filled with gratitude for these indescribable feelings of becoming a father soon. So I am going to Priortise and contribute more at Home. Will work to be give my best to the child.

4. Take Carwale.com to more stable phase. Get Angel Funding by March 30. And execute the first phase aggressively.
5. Work to ensure at least 100 people saying, that they enjoyed car trading with carwale.com.
6. Think, Think, Think.. how people can buy and sell car on their mobile. And then make this happen in 2006.
7. Reward the team who supported us in making this company. Work to see that they like being in 'carwale.com'
8. Go on a holiday trip With Priya and Baby... and forget rest of the world.
9. Spend 7 days at a stretch at Dhar.

And I'm yet to decide my tenth resolution.
10.

If you happen to read this, and have any contribution, suggestion, support.. you are most welcome.

A very fulfilling, funfilled, peaceful and successful 2006 to everyone.