Did you know that even on this date Amazon eCommerce or even Flipkart is not profitable yet. 

There are more things to eCommerce than we usually get to hear about 10's of thousands of crores of sales every festive season.

Let's double down on what it is like to start an eCommerce startup. Why I think eCommerce is not a great startup pick. Even if you would want to what things you have to keep in mind before getting your belt on and start working on it. 

Tune in lets discuss some interesting stuff 

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Correlation doesn't imply causation

If you are wondering what I am saying it's simple- “Many of the funded startups are from top institutes/colleges but not imply that - to get funded the startup must be from these top colleges/institutes”

Let's see why this happens, then let's see the logic behind funding and finally what you can do if you are not from these top institutes.

Why this happens:

Here’s what you can do if you are not from top institutes

YC Startup school (Free curriculum): https://bit.ly/startupschool-balajirao

How to start a startup by IIMA: https://bit.ly/iima-balajirao

The logic behind all of this

Great investors invest in people, not the idea or market.

The chances of a great team succeeding are much higher than an Idea succeeding in the market.

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An average human has numerous ideas that come to his brain on a daily basis. These ideas may or may not be business-related but all I wanted to convey here is that the human brain is capable of producing good ideas. 

I myself generate 5-10 startup ideas each day. But are all these ideas worth trying out? Or you might think how can I filter out? What should I be doing with these startup/business ideas? Just think and leave it? 

Or should I do something that can help me build better and bigger with time.

This is what we are going to discuss throughout this podcast episode so stay with me you will learn a ton by the end of the episode. 

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There are quite some reasons why you won't be able to do well in business with your friends after a certain time period.

It's all about Ideas, Skills, and Values that matter the most to bring a team together and get the most out of the team. Picking cofounders for your startup idea is quite a challenging task which quite a lot of people leave it loose and take soft decisions which costs them a lot going forward.

So in this unscripted episode, I will be sharing my experiences along with learnings from my mentors on why I think so, also of course there are exceptions which I will be sharing in a logical manner as well.

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You can ask me your question by sending a voice message (see below)

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Podcast script¬es:

These seem like the classification of food items!! Nope nope this classification can be used for business/startup ideas as well

Swagat hai aapka!- means  Let's begin this wonderful episode on Vitamin ideas vs Painkiller ideas. Before anything, I hope you have listened to the previous. The episode on turning idea -> business walkthrough

I hope most of you might be listening to it for the first time

So, take a quick guess which do you think are better than others

Use your creative side of the brain !!!

Okay let's get to know more about what the classification means

Vitamins are "nice to have," but not "need to have." Oftentimes these are features or functionalities, and not major platforms. And just like in a drug store, preventive vitamins are optional. They are usually priced at a major discount, compared to the expensive painkilling prescriptions behind the counter.

I hope you get the point

Summarization: Painkillers are the need of the hour. Whereas Vitamins is an optional need or nice to have.

The factors that decide whether the idea is a painkiller or vitamin is the time when you are going to the market with your product or service built on top of your idea.

Say for example a Cab booking app- a cab comes to your home would have seemed to be impossible/magical 10 years back but now it's a necessity

So in this span of 10 years, the need for online booking of cab ideas has turned to be a painkiller from vitamin which it used to be 10 years back.

It's all about the time factor

The right product idea at the right time makes all the difference

So you must be very careful with your research to figure out if the market is ready to adopt your idea.

To put it in another way - whether it's the right time to launch the idea & is there a real necessity/urge for people to pay for your product/service

Hope you had great learning about different types of ideas and the thinking behind them.

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