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<a href="http://www.businessinsider.in/Top-10-Indian-Startups-and-how-they-took-off/articleshow/50666794.cms">Building a startup is not an easy bet</a>. It’s a high demanding business decision that needs one to have <a href="http://www.businessinsider.in/Top-10-Indian-startups-that-are-going-places/articleshow/49090916.cms">amazing unexplored ideas, sound technology,</a> infrastructure, <keyword id="6357455" type="EVENT" weightage="80" keywordseo="Funding">funding</keyword> etc. 
 
But if there’s one thing that’s at the core of building a <a href="http://www.businessinsider.in/The-21-most-innovative-startups-in-tech/articleshow/50749458.cms">successful startup</a>, it’s the employees. The people who will work to implement the ideas. They can’t be the regular employees working with corporates, they need to be young, energetic, passionate and highly competitive. Because the space they have decided to enter is risky, uncertain and unstable. 
 
They are playing with fire and therefore, of you identify yourself as one of them, here are 7 must haves for you to land a job in a startup:

6 Must-Haves To Land A Job In Startups

There's no shortage of theories on why a few startups are successful while others fail. Shops are loaded with "how to make it rich" books and known entrepreneurs can simply draw crowds to events where they uncover their "secrets". 
 If you’re planning to start a company or already running one, just make sure you’re on the right path and success will fall your way. These points basically derive the concept of success in the <keyword id="138263" type="UNKNOWN" weightage="20" keywordseo="startup">startup</keyword> ecosystem. Just keep in mind, 9/10 startups fail. 
 
Being Penny-wise 
 
A successful startup is effective in managing its finances and ready to operate exceptionally lean. Each angle should have its own particular budget assigned and unnecessary expenses should be kept away from. It is critical to recognize what the company needs so as to finish milestones and budget in like manner. 
 
Timing 
 
Timing may be a factor, yet evaluating the best time to launch is easier said than done. Let’s take Uber for instance, they had a great model, next to perfect execution, etc, the most important thing was to note its timing. They launched when driver’s needed money the most. 
 
Business Model 
 
The business model, or how the company addresses its market, is key, regardless of the possibility that this develops after some time. This is the product of research. An absence of planning and understanding of the amount of resource and time it takes to get to profitability is the reason for many failures 
 
Vision 
 
An all around defined vision is an aptitude or blessing that each company leader needs so as to cross the finish line. It will be the real force behind a business visionary's prosperity and will serve as a compass in tough times. A startup needs to envision how to monetize from the earliest starting point. 
 
Team 
 
Having a good team to maintain the business is critical. Businesses with more than one founder have a tendency to be more successful than those with only one. Positively, investors and business counsels are united in their belief that the people running the company are of principal importance.

9/10 startups fail, what makes that one so different?

It’s no secret that most <keyword id="6362513" type="ORGANIZATION" weightage="20" keywordseo="Startups">startups</keyword> are strapped with a limited <keyword id="6358021" type="PERSON" weightage="20" keywordseo="budget">budget</keyword>. In the initial setup, running a startup may seems like you need money for everything. You think that you need every piece of tech on the market, lest your business will fail. 
 
Hold that thought. Think. Manage your finances. It can be challenging, but if there’s anything that can help succeed a startup, it’s how to cut costs, not how to overspend. 
 So, this Budget season, we tell you ways how you can manage your <keyword id="3239084" type="UNKNOWN" weightage="20" keywordseo="startup-budget">startup budget</keyword> the right way: 
 
- Track, Monitor, Budget 
 
Managing and monitoring can be difficult when you don’t know where to start. Free invoicing and accounting apps and software comes handy in such situations. Load them to your phone. Work on the move. Small business accounting software ensures that you are tracking, monitoring and budgeting in real time. 
 
- Get professional advice 
 
If you are unsure as to how to manage your money, a professional can help. Hire a consultant accountant on a one off basis. You don’t have to work with them on a project. Get them to scan your finances and ask them where they would suggest you cut back. While tracking and monitoring are vital, you may discover that you have overspent. So, seek advice from the professionals and ask them to look over your books. They can make great suggestions on how to cut back with compromising your business. 
 
- Prioritize Your Costs 
 
Prioritising your funds is a nightmare for the average start-up entrepreneur. As a startup owner, you are proud of your new business and want to do everything in your power to promote your products and services. But, be real. Create a checklist of essential items that assists your business. So, computer equipment and technology is a must. Check out business software. These are vital for your business. Instead of hiring that top-rated design agency, consider performing some of your marketing efforts in-house. Create a budget that is realistic and workable. 
 
- Hone Your Processes 
 
This is going to take a while. But, developing a budget process is imperative. Make sure that you are preparing projections, operating costs and capital requirements. Vitally, you need to ensure that you are managing your overhead costs. Check this monthly and use <a href="https://www.google.co.in/search?espv=2&amp;biw=1242&amp;bih=585&amp;q=small+business+expense+tracking+spreadsheet&amp;revid=2103965390&amp;sa=X&amp;ved=0ahUKEwiTpdf54-DKAhULCI4KHV_DCcgQ1QIIVygA">Small business expense tracking spreadsheet</a> to maintain records. 
 
Be wise!

Managing your startup budget the right way this Budget season

In a bid to retain talents employees, <keyword id="6362513" type="ORGANIZATION" weightage="20" keywordseo="Startups">startups</keyword> are giving out as much as 150% hike in the salaries in this appraisal season. 
 
Often, startups find it difficult to hire talent and are forced to go to B-schools during recruitment season. 
 
Once hired, they don’t the talented lot to leave the organisation and the startups do anything to retain top performers such as accelerated promotions, sponsored family trips, executive programmes to global B-schools, apart from increments. 
 
As per reports, food tech firm Faasos is planning to give high-potential employees at the junior-mid level 150% increment, compared to 100% last year. 
 
"We are also offering additional incentives in direct proportion to sales (for the sales team) with no upper limit. ESOPs will be offered to top performers," Aditya Adyar, chief people officer at Faasos, told ET. 
 
Likewise, Pronzo also plans to give 100% raise and ESOPs. 
 
Meanwhile, India Inc is expected to give 10.5%-10.6% hike for 2015-16. 
 
"It's still a very competitive scenario when it comes to retaining and attracting key talent and increments are a big talent attractor. Unlike corporates, where there is a much more structured system in place, in startups, you have to pay what top performers demand. It's a business requirement," Anandorup Ghose, rewards consulting practice leader at Aon Hewitt, told ET. 
 
BigBasket will offer underpaid top performers up to 50% increment. 
 
(Image: Thinkstock)

Startups don’t want to part ways with top performers, give out 100% salary hike to retain talent

The year 2015 was a definitive year for the <a href="http://www.businessinsider.in/searchresult.cms?query=Indian+internet+industry">Indian internet industry</a>. As the economy continued to grow at a healthy 6-7%, the sluggish Chinese economy meant investors are looking at India with renewed interest. Nobody cashed in bigger than the <a href="http://www.businessinsider.in/searchresult.cms?query=e-commerce">e-commerce</a> players. 
 
Experts believe that while the Indian e-commerce market is currently pegged at $5 billion, the figure might leap to as much as $40-50 billion by 2020. A 2015 PwC report even states that Tier 2 and 3 cities have seen 30% to 50% rise in transactions. 
 
With the rural and semi-rural markets catching up to the trend, no wonder the likes of <a href="http://www.businessinsider.in/searchresult.cms?query=internet+startups">internet startups</a> are pulling out all their stocks to acquire customers with hefty discounts and schemes. However, while all this might seem very recent, it all started a while ago. 
 
Here is a list of top 10 Indian startups that are riding the <a href="http://www.businessinsider.in/searchresult.cms?query=startup">startup</a> wave, and how they started.

Top 10 Indian Startups and how they took off

<ul><li>Google just announced the 10 startups that have been shortlisted for the second calls of its Launchpad Accelerator program in India.</li><li>All of the startups on the list have used artificial intelligence and machine learning to formulate their products.</li></ul> Google just announced the second wave of startups selected for their Launch Accelerator program in India. And, all the startups on the list feature use artificial intelligence (AI) and machine learning (ML) in one or the other component of their businesses. The program kicks off today with a one week mentorship programme boot camp organised by Google in Bengaluru which will be followed by more classes in April and May to address more specific issues — lasting a total of three months. Aside from guidance, Google will also provide support for AI and ML, cloud computing, developing user interfaces, using the Android platform, online presence, product strategy and marketing. And depending on the startup, they will be receiving Google Cloud Credits between $20,000 (₹1.3 million) to $100,000 (₹6.9 million). Meet the 10 startups that were shortlisted for Google’s second class of the Launchpad Accelerator program in India: 1. Opentalk Opentalk is an app that allows users to reach out to other users all over the world to hone their language skills. So users can meet new people that speak the language that they’re looking to learn. They also have the options for users to follow trending topics in case their looking to engage on a particular issue. OpenTalk already has a 100 languages, 150 countries and 1500 colleges using their app. 2. THB THB stands for Technology, Healthcare and Big Data Analytics and a pretty accurate description of the what the company does. Using technology they standardise data on healthcare to help healthcare providers and medical practitioners with different use cases like PEP (Personalised Patient Care), medical sales force productivity booster and clinical decision support. Based out of Gurgaon, the clinical intelligence company is currently present in 50 cities across 12 states in India. 3. Perceptiviti Data Solutions Having started out in 2017, Perceptiviti Data Solutions focused on finding solutions for fraud and risk management in insurance, financial services and digital payment services. Their flagship product called ‘Sherlock’ is a fraud detection platform that claims 90% accuracy after having assessed over one million insurance claims using AI. 4. DheeYantra DheeYatra is already in use by the Syndicate Bank and Indian Institute of Management Ahmedabad. It’s an AI platform that currently helps businesses operate across 8 different Indian languages. With the help of AI, the company has developed chatbots and solutions in natural language processing (NLP), optical character recognition (OCR), and Indic transliteration. Brand names, scanned images and even a whole website can be translated into various Indian vernacular languages using their application programming interfaces (APIs). 5. FinancePeer Just like there are peer-to-peer (P2P) online marketplaces for cars and used goods, FinancePeer is a P2P lending company that connects lenders with borrowers online. Users can sign up as borrowers or lenders after the platform analyses their borrower credit score using AI that taps into multiple parameters including social profiles. The company claims that it only takes 10 minutes to set up a profile online and since it’s an open marketplace, borrowers will only face competitive and low interest rates. Lenders, on the other hand, can allegedly get returns upto 37% per annum. 6. SmartCoin Gunning for financial inclusion in India, SmartCoin is another lending app that uses AI and machine learning to assess the risk profile of a borrower. The app main goal is to provide short-term credit to the underserved and low-income households in India. So far, SmartCoin has a 100,000 users and has shelled out over 300,000 loans. 7. HRBOT Finding new candidates for a job can be excruciating process without a filtering mechanism in place. HRBOT, using AI and machine learning to scan the 120,000 job seekers on its platform to find applicants that would be best suited for a particular post according to the requirements that recruiters share. It company’s main selling point is that it has access to candidates in tier-2 and tier-3 cities in India. 8. Savera.ai The use of solar panels to reduce the burden of electricity requirements and its positive environment impact are no secret. But since the technology is still relatively new in India, Savera.ai helps users decide whether or not their roof is ready for a solar panel by issuing a ‘Sun Score’. The ‘Sun Score’ is the final ranking of how ready an individual’s house is for a solar panel after analysing the location of a users’ house, identifying the rooftop, running a weather analysis and taking individual state’s solar policy into account. And, should a user choose to set up a solar panel, savera.ai has chatbot support to get them setup with local service providers. 9. Kaleidofin This is essentially a financial management tool. Users can set their financial goals and Kaleidofin will suggest how much user should saved each month while taking financial volatilities into account. Since the profile is tailored for each user, how a user’s savings should be used is also diversified over different financial products including ways to invest using a data driven model to estimate the income level, saving capacity and financial health of customers. It’s already being used by many mutual funds in India like Aditya Birla Capital, Franklin Templeton Investments, HDFC Mutual Fund, ICICI Prudential Life Insurance, and SBI Mutual Fund. 10. Adiuvo Diagnostics The company isn’t just an app or a platform — but has an actual physical device which can detect and classify skin infections in under 2 minutes. It’s easy for doctors because the ‘Skin-Scope’ is a handheld medical device and the pro for patients is that the whole diagnostic process is non-invasive. Kaleidofin and Adiuvo Diagnostics are the only two startups selected that have women entrepreneurs at the helm. Google initially started the Launchpad Accelerator Program globally back in 2016. The very first batch of the Launchpad Accelerator that was originally a 6-month mentorship at the Google headquarters in California included Nestaway, a Ratan Tata investment that helps users find homes without a broker. Another well known startup, ShareChat — a social networking chat platform that uses local Indian languages — was also a part of the Launchpad Accelerator in the second batch. The Launchpad Accelerator India was only introduced by Google in July 2018 that saw startups like Multibhashi, OliveWear and Genrobotics. Aside from India, the program also operates in Sao Paulo, Tel Aviv, Nigeria, Tokyo and Singapore. So far, it has mentored 30 startups in India through its global accelerator programme. See also: <a href="https://www.businessinsider.in/Heres-how-to-make-it-to-Googles-Launchpad-AcceleratorProgram/articleshow/52359183.cms" style="">Here’s how to make it to Google's Launchpad Accelerator Program</a> <a href="https://www.businessinsider.in/heres-what-is-in-store-for-these-7-indian-startups-selected-for-googles-launchpad-accelerator-program/articleshow/55682687.cms" style="">Here's what's in store for these 7 Indian Startups selected for Google's Launchpad Accelerator Program</a>

You Searched For "startups" and got 6 results

6 Must-Haves To Land A Job In Startups

Anushree Singh

9/10 startups fail, what makes that one so different?

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Managing your startup budget the right way this Budget season

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Startups don’t want to part ways with top performers, give out 100% salary hike to retain talent

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Top 10 Indian Startups and how they took off

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