The August Fest 2013 - Write Up: What a start-up can learn?

Hi 

I have attended a two-day conference called The August Fest 2014 on 30th and 31st August 2014. 

Before I share anything about conference, I thought I can share my write-up (an unedited version of my notes)  on the same event organised in August 2013 at Indian School of Business (ISB). This is just my personal notes considering myself as budding entrepreneur and I have actually circulated to all August Fest participants in 2013 and got great response. So this is for you all who want to bring out the entrepreneur out. :)  

1.      Develop a value proposition; give value to your product. Don't worry about price.

2.      Do market research, try to understand the present competitors, make yourself unique in your service or product

3.      Develop a sense of perseverance and with stand with ups and downs with lot of courage and learn from others experiences

4.      Don't worry about you have experience in the field that you have passion or start up that you want to take up, just try to organize and learn the game and play it till you win it

5.      Don't have a second option for your career or plan B for your business

6.      Congratulations on your first failure. Because the more you fail faster, the better you get to success in the field of entrepreneur. It does not mean you should fail , it means you may fail but as long as you learn from failure faster, you can enjoy great success. Get feedback, do analysis of feedback, learn from others instead of failures

7.      One person can venture into many businesses even though he is not a great performer in college or in studies (Does not mean one should not perform well in academics)

8.      Every entrepreneur one thing is common they all dared to do things. They are risk takers. They believed their product or service even though others cannot believe or laughed at their ideas.

9.      Things that you never think as a great business idea can be a wonderful or already successful business

10.  There is plenty of opportunity as long as you can provide solution to a problem

11.  Building meaningful relation is building business

12.  Your first impression is a makes more impact on your sales . A book is always judged by it's cover page

13.  Give yourself to the fullest and believe that you can do, make as much best as you can, you will automatically receive. Giving is nothing but receiving in a flow of business.

14.  Try to learn the decision makers and contact them. Try to remember every persons' name who involve in the process of most important journeys in life as you progress as a entrepreneur (A reception is a great business provider in other role for you,  a security guard is a wonderful supporter for meeting a decision maker in a office)

15.  Compete on value that you give through your product and service, compete on relationships, compete on trust that you can bring, compete on giving the best [Wowing] to the customers instead of competing on price.

16.  Get the other person see the value of your product by offering a free or test service or sample product then the sale can be closed with less cost

17.  Your passion (sometimes hobby) can be very well converted into business if you can find the need or value for what you do

18.  Many entrepreneurs are using internet, social media and mobile apps for the services or product and this is much needed to sustain on long run

19.  Videos are more attractive for presentations when developed professionally and used at right time with quality

20.  Instead of addressing crowd you can also target premier customers with high value products with relevant pricing and make revenues 

21.  THE MUST KEEP IN MIND FEEDS: Understand the problem, Solution /Product, People, Price, Capital,  market research, taking mentors support, attending entrepreneurs networks and workshops, Cash flow, revenue model,  Marketing, Customer feedback, Sustainable model, possibilities for scaling up