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Wale Bakare
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Supply Network Guru
Re: Backup plans & good policies
Wale Bakare   5/23/2013 12:22:17 PM
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While all the policies and strategies could materialised well if products/services offering by the startups have no strong competitors, especially from the growing-up to already established ones.

That's the main challenge - competitors.

 

mfbertozzi
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Supply Network Guru
Re: thanks for sharing your experiences
mfbertozzi   5/23/2013 12:07:47 PM
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@WB: it is a gooid point, especially right now; due to financial crisis which is still impacting business abroad, funds are not easy to collect; hence, strong path for startups is ramping.

Eldredge
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Supply Network Guru
Backup plans & good policies
Eldredge   5/22/2013 9:00:17 AM
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it's easy to overlook good contingency planning. It is time consuming and often a low priority until a problem occurs.

Sometimes it also helps to have good policies in place - one example would be to establish a goal to ship prodcut at the earliest possible delivery date for the customer - this often provides a little leeway in the delivery schedule, in case unexpected issues impact schedules.

Wale Bakare
User Rank
Supply Network Guru
Re: thanks for sharing your experiences
Wale Bakare   5/22/2013 5:59:47 AM
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I agree with that. Good governance has been an important factor -  especially political instability in those regions. In developed world a different story, challenges still vary though. 

FLYINGSCOT
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Supply Network Guru
family strain
FLYINGSCOT   5/22/2013 5:14:29 AM
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I would ask too personal question of anyone but I have heard that startups can play havoc on personal lives and families due to the extreme workload.  I know a few people who have led startups and they are all divorced now but maybe that is just coincidence?

Himanshugupta
User Rank
Supply Network Guru
Re: thanks for sharing your experiences
Himanshugupta   5/22/2013 5:11:15 AM
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Wale, i have not been involved in any startup setup so i donot have the feel of the real thing. But i agree with you that the challenges in a developing country can be more. Investors tend to fund companies in region with good governance and stability. I have seen this happening. 

Wale Bakare
User Rank
Supply Network Guru
Re: thanks for sharing your experiences
Wale Bakare   5/21/2013 12:10:41 PM
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I think it depends on where the Startup is. The main challenge for me is funding majority Startups facing in developing world, while developed region may be few you listed.

Himanshugupta
User Rank
Supply Network Guru
Re: thanks for sharing your experiences
Himanshugupta   5/21/2013 9:28:43 AM
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I strongly think that startup needs a bit of luck to be successful. That luck maybe to get the right employees (especially the first fews) or the right VCs or the right supplier or customer or favorable conditions. Without luck all the hardwork or plan can go off the shelf.

prabhakar_deosthali
User Rank
Supply Network Guru
The trasition from a startup to a PRO
prabhakar_deosthali   5/21/2013 8:01:29 AM
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As they say Some are born leaders and some are powerful followers.

For a start-up company , a point comes when the initial excitement and enthusiasm of starting your own venture and managing it gets evaporated and the mundane daily routine of activities  starts looking boring.

The people who migrate themselves from the start-up zing to a cool professionalism and will to delegate work can only sustain through the growth of the company and themselves . If they fail to recognize this transition point then either they get themselves thrown out of the loop or the company starts its downward journey.

Mr. Roques
User Rank
Supply Network Guru
Re: thanks for sharing your experiences
Mr. Roques   5/20/2013 8:53:57 PM
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Great insight! I've never worked at a startup before but I can imagine the craziness that it represents. Overall, I believe you start with good people - nah, great people and build from that. It's better to have 3 great overall employees than 3 really focused ones. What do you think?

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