Notes from the Podcast with Vishan

Overview

Podcast titled "Limitless with Vishan" featuring guests from the Indian startup ecosystem.
Focus audience: 20-year-olds wanting to start a business in India.

Ideas originate at different stages based on experience, background, and timing.
Neetu: Shared his evolution into business after working in startups and seeing gaps in market needs.
Ashish: Discussed three approaches to finding business ideas:
- Identify opportunities based on personal experience.
- Start with a pain point but be cautious about the scale of the problem.
- Conduct market analysis to look for gaps.
Sarthak: Highlighted the importance of using no-code tools and understanding market trends for young entrepreneurs.

The panel emphasized the need for hands-on experience in the industry before starting a business.
Recommendations to gain experience through working for other companies or under others before jumping into entrepreneurship.

Hiring Philosophy:
- "Hire fast, fire fast." Utilize trial periods to ascertain fit quickly.
- Create a culture of learning and continuous development to retain talent.
Sarthak: Emphasized the importance of managing expectations and creating social connections within the workplace.
Sanjeev: Advocated for deep reference checks and creating a positive company culture to keep attrition low.

Sales Techniques:
- Sales should feel natural; honesty and clarity are key.
- The sales team should be designed with a systematic sales process which is measurable and repeatable.
Negotiation:
- Handle negotiations with an emphasis on understanding the other party's needs. Stay calm and don’t rush to agree.

Panelists shared personal stories of their entrepreneurial journeys, emphasizing the role of struggle, learning, and adaptation.
Reminder that not all entrepreneurs have a clear path or traditional backgrounds.