Title: Are you Really READY to succeed in SME business?  Ask yourself these 4 Questions.


 

 

Word Count:

1109

Summary:

How, we can make sure that we are among the winners rather than the losers in these high stakes game? The answer is within us. We must ask ourselves four key questions to determine whether our small business can survive and thrive.

Keywords:

business, starting a business, small business, entrepreneur, SME, SME Startup, Startpreneur, Startuppper

Article Body:

Every year lakhs of people answer “Yes” to the BOOM – (Being Oné Own Man/Woman) calling and make it their SOP – (Statement of Purpose) and every year that answer comes with Risk Staruppers ( I call them Startpreneurs) take which costs them money, time, efforts, confidence, goodwill and heartbreak as 9 out of 10 Startup businesses fail ! Even where their is a single soul as sole employee, it happens. I was a Startup and I tasted failure 16 times. In couple of cases, I fired myself as CEO/ Founder with impunity :). Funny, but True! It happens to many of the new entrepreneurs.

As per an estimate, two-thirds of new businesses survive at least two years and 44 percent of Startups survive at least four years.

Two of the key factors in the businesses survival and ability to thrive evident are:

  1. the owner’s education level and
  2. the owner’s reason for starting the firm in the first place.

Let us examine from an Investor’s point of view as to what they judge us as Startpreneurs:

  1. A Top Angel investor looks at 5 things in Startups before investing
  2. People  2. Product/ Service  3. Process 4. Traction 5. Profitability.
  3. Some investors focus on the Founders and look at Vital Qualitites such as:
  4. Passion 2. Ambivert 3. Erudite 4. Calculated Risk Taker 5. Dedicated All-in

(But more about these in another article I shall share here)

So how d we make sure that we are among the winners rather than the losers in this high-stakes game? The answer is within us. We must ask ourselves four key questions to determine whether our own small business will survive and thrive.

 

  1. What is our STATE of Readiness?

How mentally prepared are we, for the switch from employee (or student or whatever label fits we currently) to boss? as we are going to be the ones making decisions now about everything from office products to product line.

This total control is one of the driving forces behind many people who take the plunge into starting their own business, but it is also one of the elements that drives new entrepreneurs crazy. When we start out there is an endless list of decisions that need to be made and new questions crop up every day.

Even more important we will need to remember that in a small business we will have to wear many hats. Even if we manage to start out with one or more employees we will each fulfill more than one role in our new business. And if we are running a one-man or one-woman show then we serve in every capacity from file clerk to maintenance crew to salesman to CEO.

Can we handle switching from task to task and role to role like that? Are we willing to make those switches?

Similarly, have we prepared our family and friends for this switch in attitude. Our life is going to change — pretty drastically — and that change can have a positive or negative impact on our family life and social interactions. It will make things much easier if our friends and family are supportive going into the process.

 

  1. Where O’ where does lie My Niche’? Does it REALLY exist?

Have we identified our niche yet? One of the reasons many businesses fail is that they fail to focus on a target audience. Yes, if we are a major discount store then we can sell everything from peanuts to wallpaper, but this type of business requires vast resources that just aren’t available to the small business. But small businesses dominate the marketplace by finding a different approach — a niche’.

Knowing our niche’ means we are better able to find, target, and maintain our customers as well as provide the best possible goods and services to that customer base. That focus is one of our best chances to not only survive but to thrive in a very competitive marketplace.

 

  1. Do you have a Plan of Action? With Who, What and When ?

Another key factor in the survival and ultimate success of our business is how much planning we do before we open our electronic or physical doors. We need to decide if our business will be based on the internet or include more traditional models.

Are we going to work full-time or part-time at our new business? Are we going to hire help or go solo? Have we written (or at least outlined) our business plan? Dreaming, thinking and planning can save we much trouble and waste later when things are hectic and problems strike.

Planning can also help keep we focused and to balance our spending and time.

 

  1. Who is / Are my Back-up Cushion/s? Just in case, we FALL?

At some point, no matter how experienced a business person we are, we will need help. We will need support, advice, tools, or information — or all of the above. One of the beautiful, and most frightening, aspects of growth is that it can lead us to places we never imagined. No matter how much planning and experience we bring to our new position as CEO the unexpected will arise.

How will we cope with this? It is important to recognize that no business is an island. It is not failure to seek help. Failure is when our business shuts down because we didn’t get the help we needed.

The best way to get timely help is to work on our support system while we work on building our business. That way we will already have a ready list of resources available that we can quickly tap into when emergencies strike. In today’s world there are many marvelous resources available to we no matter what our business model may be. These include, which I define as the 4 M’s

  • Media (newsletters, magazines, books)
  • Mentors (professional advisors, mentors, teachers, consultants)
  • Memberships (organizations and forums in our niche as well as general business and marketing)
  • Mental Stimulation : Education and training (tutorials, courses, and seminars)

 

After we have answered these four key questions we are now ready to ask ourrselves that one big question again — are we ready to start our own business?

 

 

 

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Title: Build Your Business With Four Easy Steps


 

Word Count:
555

Summary:
Building a business is not easy. This easy to read step by step guide shall provide an outline to starting a business in just four easy steps.

 

Keywords:
Building, business, step by step, guide, outline, four easy steps. 

 

Article Body:
Creating a successful and profitable business is not easy. Initially, external factors, such as competition, timing and demand, with scant or little contol bother us.  We aspire to have sound business plan. In order to lead a successful business we must assume that external factors shall favour us. The five steps we consider while building our business from the ground up:

1. Determine your business. What are you selling?
This question is not as easy to answer as you may think. For example, Nike is in the sportswear business, but the truth is that when you buy a pair of Nike shoes and a t-shirt at the mall we are buying a lot more than sportswear; you’re buying an image, a feeling. You’re buying the Nike brand. For example  someone who is in speciality retial business may say, ìconvenience or “innovation” before they specify any particular industry.  Your brand is what sets your product apart from your competitors.

 

2. Select your market. Who are you selling to?
This step is a bit less interpretive as the first, though equally important. Who are you selling to? or more importantly, what do you know about this person? Understanding your consumer is a key to success. What do they do? Where do they hang out? What do they watch on television? These are just a few of the questions that you should be able to answer about your consumer. Knowing the answers to these questions can answer a lot of questions of your own when it comes to a devising a marketing strategy. We have to understand our market with “amazing ability to figure out the things that people want to have.” This ability to perceive our consumer’s desire can only be a result of knowing them like our neighbor.

 

3. Create a marketing strategy. How do you speak to these people?
This is a culmination of understanding your brand and your consumer. As mentioned in number two, understanding our consumer can answer a lot of questions concerning our marketing strategy: Where should you advertise? What’s the voice of your brand? What kind of prices are reasonable for this demographic? In order to engage your consumer, a.k.a. sell your product to them, you must know where your advertisements will be noticed, how to speak to them, and how much they will be able to spend, among many of things. Really, this step should have been combined with the last because who your market is dictates your marketing strategy entirely.

 

4. Learn by example. Seek advice from those who have done it.
There are many books written by professionals who have already started their own business and have been successful in doing so.

Remember, building a successful business in not all about the Rupees and Paise. Equally as valuable is you brand equity and your ability to engage your consumer, which is only attainable by understanding them. Assuming there is a demand for your product, and you can compete with the other brands, following these four steps shall guide you in the right direction.

 

 

4 Rules For Startrepreneurs – Practical Tips For Starting Right


Word Count:
424

Summary:
Itís a great time to be startpreneurs in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an startpreneur, you now have more access to information that enables you to make more intelligent choices more quickly. You have an advantage over big businesses in that youíre lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.
Keywords:
Product,sourcing,ebay,ecommerce,dropship,ebiz,entrepreneur,blog
Article Body:
It ís a great time to be an entrepreneur in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an entrepreneur, you now have more access to information that enables you to make more intelligent choices more quickly. You have an advantage over big businesses in that youíre lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.

But being a successful entrepreneur requires that you look at the big picture and follow a plan through from beginning to end. Rieva Lesonsky, editor-in-chief of Entrepreneur Magazine gives some practical guidelines that can help you when beginning your own enterprise:

1.Don’t Quit Your Day Job.
Consider starting your business part-time, especially if it’s online, while youíre working and have a steady income. It usually takes six months to a year to get a business going and you donít want your ability to make your house payment to hinge upon your company being an overnight success. Start with what you can manage, financially and time-wise, and scale up as your business grows.

2.Find Your Niche.
The days of general stores are over. Particularly online, consumers are looking for stores that specialize. You have to find a needósomething a specific group of people want, but canít get at the big chain storesóand fill it. Advises Lesonsky, ìYou canít compete with the big guys, so you have to find where the big guys arenít and go into your niches.î

3.Have an Online Presence.
Even if youíre not planning to start an online retail business, consider that the internet can still play a valuable role in your company. Having an online presence eliminates the limitations of physical location and broadens your customer base by, literally, millions. Itís also a great tool for promoting yourself and letting people, even in your own area, know that youíre there, and what youíre doing.

4.Refuse to Quit.
Successful entrepreneurship requires creativity, energy, and a drive to keep going when you fail. Few people realize that before Bill Gates created the extremely successful Microsoft 3.0, he created a Microsoft 1.0 and 2.0, both of which floppedóbut he kept at it. And that determination and refusal to give up is what will separate successful entrepreneurs from unsuccessful ones. Arm yourself with optimism to get beyond the #No1 or the trouble. There’s nothing wrong in failure just don’t repeat the same mistake!

From My fav Newsletter – Ladders. Starbucks Hacks- very interesting.


LIFE

13 Starbucks hacks you need to know

Admit it — you’re low-key obsessed with Starbucks. Starbucks is not just a restaurant — it’s a lifestyle. We wait year round for the infamous PSL (being labeled “basic,” be damned), know it’s time for Christmas when they start serving Gingerbread Lattes from Christmas cups, and look forward to summer with fruity, refreshing, and Insta-worthy iced teas.

But it can be a pretty expensive obsession to have! With typical menu drinks costing about $3-$7, plus whatever add-ins you prefer, it can add up (especially if it’s a daily occurence!). However — it doesn’t have to be that way. It’s worth looking into how to get more bang for our (Star)buck, and how many options the trusty coffee chain and cafe really can offer us. Read on for the hacks that will save you time, money, and calories at Starbucks.

1. Don’t limit yourself to what’s on the menu

In fact, the most expert Starbucks-frequenters rarely order off the menu, to get their favorite drinks and to save money! Check out the secret menu (yes, it really does exist!) or try these secret menu drink concoctions that are all $3, and never pay $5 for a coffee again! If you prefer lattes, order the cafe misto, which tastes the same (half coffee, half milk), but is significantly cheaper (and will save you calories!). More of a tea drinker? A chai latte misto is half steamed milk and half brewed chai tea, saving you money and sugar (you can also just order a hot chai tea with steamed milk if the terminology weirds you out, and save about $2).

2. Make your own drinks for a cheaper price

Iced lattes are one of the most satisfying and refreshing drinks, but can get pricey, especially if you prefer them in Venti size instead of the Tall (don’t we all on Monday mornings?). Instead of ordering a latte, order a triple espresso over ice, in a Venti cup (with room for milk), and then go to the condiments area to fill up your coffee with milk, which makes an iced latte, but for a fraction of the cost. If you prefer your lattes hot, you can also order a Tall coffee with steamed milk (still cheaper than a latte!), or a Tall hot coffee in a Grande cup, and fill up on the milk at the condiments station — a Grande latte for the price of a Tall coffee!

3. Never pay full price for two drinks during the same trip, again

Spend a lot of workdays or meetings at Starbucks where you stay for hours and get multiple drinks? Or maybe just one cup of coffee for you doesn’t cut it? Anytime throughout the day (and in any size — Tall, Grande, or Venti), refill your cup with brewed coffee or tea for just 5o cents. Just know that “refills” only count as iced or hot coffee and iced or hot tea (but remember the tricks above to turn it into a latte!). Also an insider tip: you can get a 50 cent refill with coffee or tea, even if your original drink was not just brewed coffee or tea. So feel free to fill up on a Pumpkin Spice Latte and get a 50 cent extra pick-me-up of tea before you leave!

4. Bring your own cup

Not only will you be saving the planet, one coffee cup and plastic straw at a time, but you’ll also save 10 cents on your drink whenever you bring your own tumbler, cup, or mug. We love using an ever-so-chic mason jar with a lid, or — funny you should mention it — Starbucks has amazing reusable cups of their own. We love this one, this one, and this one.

5. Sign up for Rewards

Normally I detest rewards programs at restaurants and stores — it’s just more spam emails and I probably spend more money than I save (it’s hard to resist a 30% sale or free pastry with purchase of drink). But at Starbucks, it is a must (and with no cons)! First of all, it’s free to sign up (did that convince you enough?), and besides just having a ton of perks for being a reward member (hello, free birthday drink!), you also earn points for a number of things, like purchasing anything in store and certain Starbucks items in grocery stores, that can be used for free food and drinks. Did we mention that it’s free?

6. Don’t buy a water bottle!

Never pay $3 for the plastic water bottle in the Starbucks fridge; just ask for a Venti iced water! You don’t have to worry about the water not being clean — Starbucks triple-filters their water and ice, so you know it’s as clean as possible and you could save some serious money. For an environmentally friendly option, you can also bring your own reusable bottle and ask Starbucks to fill it with water and ice, for free.

7. Order a French Press Pot of coffee

Going with friends or know you’ll want a few cups during your day at Starbucks? Order a French Press pot of coffee instead of individual cups. Each pot serves a few cups of coffee, but will be cheaper than buying each cup individually. Enjoy a pot with your friends, or get a serious caffeine buzz on your own (sometimes, we just need it!).

8. Get the most out of your iced drink

If you’re getting an iced tea, ask for “no water.” Iced teas are typically watered down from the original pitcher into your cup, so asking for no water will make the brew stronger. You can also ask for “light ice” (unless you prefer lots of ice). Ice is usually filled up much more than is necessary to keep the drink cold, limiting the volume of space the barista can fill the cup up with your favorite coffee drink or tea. Having light ice will give you more bang for your buck because you’ll be getting more of your drink, while still keeping it nice and cold.

9. Be specific about your syrup

I love the occasional PSL or Vanilla Latte as much as the next girl, but did you know that a Tall with sweetener has three pumps of syrup, a Grande has four pumps, and a Venti has five or six pumps? Just one pump is about 20 calories and 5 grams of sugar… are you keeping up with this math? That means just a Tall has 15 grams of sugar in the syrup alone. I don’t even want to think about how much is in a Venti! Asking for either one or two pumps per drink still gives the same flavor (we need that pumpkin spice!!) and sweetens up your drink, but if you order a Grande Vanilla Latte with two pumps vanilla syrup, you’d be saving 40 calories and 10 grams of sugar, for not much difference in taste.

10. Ask for a sample so you never get a drink you dislike again!

I don’t know about you, but I usually stick to the usual iced coffee, just so I don’t risk getting a drink that I end up not liking. But oh the possibilities out there in the Starbucks universe! Unless the store is super busy, the barista should be totally fine getting you a sample of a certain brew or drink, if you’re unsure whether or not you’d like it.

11. Know all the sizes

Thought “Tall” was the smallest? Think again — “Short” is an 8oz size (“Tall” is 12oz), which clarifies that age-old confusion that “Tall” was the smallest size, when it counterintuitively sounds like the largest — it’s because “Short” is the size smaller. Clears up a lot, doesn’t it? If you’re in the mood for a small drink, Short is cheaper than a Tall. The “Short” cappuccino has the same amount of espresso as the “Tall,” so if caffeine is your goal, opt for the cheaper options.

12. Are you and a friend both getting a Frappucino? Get one Venti!

A Venti size of your favorite sweet iced drink is about 24oz, while a Tall is 12oz. However, a Venti frappe is significantly cheaper than two Tall frappes would be (about $4 less, precisely). So instead of getting two, order the Venti size and ask for two Tall cups. Divide accordingly, and enjoy your frappucino with your friend, knowing you both saved money.

13. No time to wait in line? Order through your cell phone!

Using the Starbucks Mobile app, you can order ahead of time, and just go pick it up. No more waiting in long lines for your coffee! We’re busy women — we have much more important things to do.

This article was originally published on The Everygirl.com.

YS morning Buzz newsletter I like


Daily Capsule | 18th July

Grofers goes an extra mile to get Rs 2,500 Cr in revenue this fiscal

In an effort to bring 100 million new customers online and generating Rs 2500 crore in revenue this fiscal, Delhi-based online grocery marketplace Grofers announced its foray into the FMCG segment with the launch of seven new brands under two categories – Budget and Popular G-Brands. It has also launched its app and website in Hindi. The Popular G-Brands category offers brands including ‘G Mother’s Choice’, ‘G Happy Day’ and ‘G Happy Home’. The ‘Budget category’ has ‘HaveMore’ and ‘SaveMore’ brands which claim to offer entry-level quality products.

Read more

Jeff Bezos becomes the richest man in history as his net worth crosses $150 B

Jeff Bezos became the richest man ever in the world as the Amazon Founder-CEO’s net worth touched $151 billion on the Bloomberg Billionaires Index on July 16, which coincided with Prime Day – Amazon’s headlining sales event across the globe. While Jeff Bezos has topped wealth rankings since late 2017, when he surpassed Microsoft Founder Bill Gates on individual fortune, the $150-billion figure is the highest in modern history, even when adjusted for inflation.

Read more

Flipkart beats Amazon, Google in LinkedIn’s top 10 companies

Online network for professionals, LinkedIn, has selected IT products provider Directi, ecommerce market leader Flipkart, and digital financial services company One 97 Communications which owns Paytm, as the top three companies in India. The report ‘India’s economy on LinkedIn in 2018’ has listed top 10 companies, which has placed Flipkart’s arch rival Amazon in fourth place and Google-parent Alphabet in seventh.

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These 6 tools make life easier for HR managers and recruiters

Human Resource Management is a burgeoning industry. While talent and performance management have always been critical tasks for HR professionals, the increasing availability of tech-enabled HR solutions has given HRM a new dimension. Organisations world over are using a variety of tools and software to recruit, monitor, train, analyse, and appraise talent, engage workforce more meaningfully, foster cross-team collaboration, increase transparency across departments.

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Hotelogix ties up with IHM-Mumbai; to offer cloud-based property management training

Cloud-based hotel property management system solution provider Hotelogix has tied up with the Institute of Hotel Management (IHM), Mumbai to train students. Hotelogix had recently raised $5 million in a funding round led by Vertex Ventures, and the round saw the participation of Accel Partners and Saama Capital. Co-Founder Prabhash Bhatnagar said that with shifting technology trends, it has become imperative for the institute to train their students on cloud-based PMS.

Read more

Hustler Hacker Hipster : the 3 personality types you NEED for your tech start-up


via Hustler Hacker Hipster : the 3 personality types you NEED for your tech start-up

What mentors do for startup founders


A startup can have all of it — a good suggestion, an expanding customer unfriendly, funding, an excellent outlook — yet discover itself floundering, struggling to cope with a transforming into team or finding out the most effective approach to make use of these bucks for enlargement. And that’s the place the appropriate mentor could be helpful, nudging the founders within the appropriate path and helping them develop each for my part and professionally.“Having the appropriate mentor is crucial. It can be the difference between making a fine decision and a disastrous one,” says Abhishek Verma, founding father of nine-month-historic startup Mojostar, a celebrity-pushed retail business. Verma receives advice from those that have been there and accomplished it before him on three counts — navigating massive partnerships and negotiating, hiring the appropriate americans, and getting to know the way to allocate capital. Verma, who became part of Myntra’s brand team previous, has drawn his mentors from the style etailer’s old management team.TIES OF suggestions

Warren Buffett – bill Gates

The Microsoft founder has commonly mentioned famed investor Warren Buffet is his adviser when it comes to ideas and investments, other than being a detailed pal. Gates has noted Buffett asked him a couple of hard questions in the early years of Microsoft, which helped him build the company into the tech giant it grew to be

Larry Ellison – Marc BenioffThey’ve have had public feuds but they’re additionally shut friends, and Oracle co-founder Larry Ellison supported Benioff throughout the early days of Salesforce, offering counsel, assist and day without work from work.bill Campbell – Jeff BezosA former Columbia institution soccer participant and educate, Campbell labored with and mentored with one of the vital greatest names in tech, including Steve Jobs, Jeff Bezos, Larry web page and Eric SchmidtWhile mentoring is constantly about a casual, very own relationship with a senior or more experienced grownup who takes an hobby in a more youthful entrepreneur with spark and power, in some instances the relationships are more formal. a few accelerators assign mentors to the startups of their programmes, while some angel investors play the role of adviser. In other circumstances, “professional mentors” engage a stake in the company to dish out suggestions.A examine by activity insight, a non-profit that supports excessive-impact entrepreneurs the world over, found that 33% of founders who are mentored via a hit entrepreneurs went on to turn into correct performers. “The magnitude of difference between the performance of companies with a success mentors and groups that lack them suggests that the cost of beneficial mentors for startups may well be above all excessive,” activity insight’s director Rhett Morris writes.Sagar Yarnalkar, founder of grocery delivery platform DailyNinja, says his mentors are also his angel investors — TaxiForSure’s Aprameya Radhakrishna, Freecharge’s Kunal Shah and Anupam Mittal of Shaadim. “Aprameya helped me plan my incentive structure to work with companions and milk carriers beneath the gadget. He had journey working with providers right through his time at TaxiForSure,” he says. Shah and Mittal helped set up conferences with key buyers. All this helped Yarnalkar bag an additional round of funding from Sequoia Capital last December. “a pretty good mentor will need the equal factor you desire and back you to the hilt,” he says.usual MENTORS IN INDIAAparameya Radhakrishna, founder of TaxiForSurePhanindra Sama, founder of RedBusKunal Shah, founder of FreechargeAnupam Mittal, founder of ShaadimGlobally, too, founders of tech giants like Apple’s Steve Jobs, Google’s Larry page and Amazon’s Jeff Bezos have mentioned how having a mentor helped them build and scale their companies.

In India, there are lots of a hit entrepreneurs who associate with more youthful ones to support build the startup ecosystem. closing yr, Niti Aayog invited purposes for its ‘Mentor India’ programme, beneath which mentors might guide schools college students in govt Atal Tinkering Labs. around 750 mentors have been chosen for programme throughout the country. whereas some entrepreneurs just put their identify down as a mentor in order that a startup can raise money, others are in fact attracted to the increase of the business and support every time feasible.

Some suppose the word ‘mentorship’ has been abused in India. “Mentors in India are overrated. basically, ninety% of the time an entrepreneur takes the name of someone as a mentor because it sounds respectable. on occasion an angel investor puts in money and leaves however is credited as a mentor,” says Somdutta Singh, vice-chairperson of Nasscom Product Council and a member of the core administration committee of girls Entrepreneurial telephone, NITI Aayog. She says many incredibly-valued startups in India grew through inserting big names as mentors after they had been beginning but the relationship wasn’t really one in every of nurturing and advising.

If entrepreneurs get a “skilled mentor”, it comes for a monthly price. Singh herself is a mentor to startups via her consulting firm and her roles at Nasscom and Niti Ayog and fees a charge for her time.“just a few accelerators charge startups charges each month for an hour of mentoring, but mentorship isn’t consultancy provider. which you can’t pay them by using the hour,” says Ishan Singh, who has led three investments and is a mentor to 10 startups, including WeDoSky and PeeBuddy. He become previously a mentor to the founders of 91 Springboard. An advisory equity stake, constantly 1-5% within the enterprise, helps the mentor be utterly aligned to the growth of the enterprise, he says.There are still risks though. PeeBuddy co-founder Deep Bajaj remembers the time a “mentor” disappeared after inquiring for a 2% stake in the enterprise. “fortunately we hadn’t issued it. but i know many startups who haven’t been as lucky,” he says.To counter this, in Israel, its innovation authority has a formalised mentor-mentee programme, which ensures that the individuals signing up as mentors are tracked online for the number of hours spent assisting startups. Nasscom’s Deep Tech membership has all started an analogous programme with legal professionals, accountants and entrepreneurs appearing as mentors, and they need to visit the startups twice a week.

So how does one select the foremost mentor? Somdutta Singh has an ‘paintings’ —Aspiration-Responsiveness-Transition — for it. “The startup’s aspiration should healthy the mentor’s. Responsiveness is helping them connect with the appropriate individuals. Transition is to help startups develop. A mentor may still do all these,” she says.Verma says a startup should have a clear purpose and define specific results for the relationship. Ishan Singh, too, advises startups to spell out the expectations they have got from the mentor and to do wide research before signing one on. Mentors should be sincere ample if assist they can’t support, Singh says. “I even have declined somewhat a few startups as a result of I don’t consider i am the right grownup to help them,” he says.