new ventures or so called startups!
Recently there have been a splurge in startups in Bangalore, many of these startups are offering services and few others products.
I do not want to speak about those offering products, but I wish to think about those offering services.
So my doubt is, will these start ups scale up in order to make enough profits or will they too go off or rather vanish?
I just tried to think about 3-5 startups which provide services.
Let me take the startups
1. For food delivery.
2. One which targets fitness.
3. One which targets online selling/marketplace.
Assume I have a startup idea, there is a high chance somebody is going to copy the same idea, so there you go, your chances of making profit just got halved.
Take for example the city of bangalore where infrastructure is just pathetic and yes its getting even worse. So assume you have a fitness based startup. Most people crawl at snail's pace to reach their workplace and come back home. Do they have sufficient time to attend to fitness startup considering it might or might not be closer to their home. They might make it to fitness center, but for how long, eventually they will get caught up with time and laziness and responsibility. So your target audience just got reduced. Your fitness startup has now to target people who stay at home and not get to crawl through traffic. People at home ma get sufficient exercise by doing household chores, so will they join? I may be wrong in coming to this conclusion, but, I'm just guessing.
Lets now come to the startup giving great discount on products,one which is an online market place for buying/selling. So, for this startup to sustain, it has to sell more goods and make profits. All population needs to cram more goods into their homes in order to keep these startups profitable. Is that going to happen in near future. Is there a chance the small tiny homes of people run out of space to keep unwanted items and they realize its no more healthy to buy unwanted items.
Going by this trend, I am trying to understand which startup is going to be profitable and sustainable. Probably education startups providing online tutorials? Is that? I doubt.
Am I advocating too much of negativity in saying startups wont be successful or is it my plain logic? Why can't I think startups will be successful? I just can't, everywhere I get to see peoples' greed rather or capitalism, so that's what prompts me to think otherwise. fingers crossed!
By the way a successful startup is decided by media. Going by paid media, I can get a article to circulate saying my startup is profitable, even though I may be running on investor money.
So, concluding, how do we get to know about a startup which is profitable and sustainable in a cramped infrastructure like bangalore? Is it providing a product or service?
Well,not sure, bring your thoughts!
Cheers,
Recently there have been a splurge in startups in Bangalore, many of these startups are offering services and few others products.
I do not want to speak about those offering products, but I wish to think about those offering services.
So my doubt is, will these start ups scale up in order to make enough profits or will they too go off or rather vanish?
I just tried to think about 3-5 startups which provide services.
Let me take the startups
1. For food delivery.
2. One which targets fitness.
3. One which targets online selling/marketplace.
Assume I have a startup idea, there is a high chance somebody is going to copy the same idea, so there you go, your chances of making profit just got halved.
Take for example the city of bangalore where infrastructure is just pathetic and yes its getting even worse. So assume you have a fitness based startup. Most people crawl at snail's pace to reach their workplace and come back home. Do they have sufficient time to attend to fitness startup considering it might or might not be closer to their home. They might make it to fitness center, but for how long, eventually they will get caught up with time and laziness and responsibility. So your target audience just got reduced. Your fitness startup has now to target people who stay at home and not get to crawl through traffic. People at home ma get sufficient exercise by doing household chores, so will they join? I may be wrong in coming to this conclusion, but, I'm just guessing.
Lets now come to the startup giving great discount on products,one which is an online market place for buying/selling. So, for this startup to sustain, it has to sell more goods and make profits. All population needs to cram more goods into their homes in order to keep these startups profitable. Is that going to happen in near future. Is there a chance the small tiny homes of people run out of space to keep unwanted items and they realize its no more healthy to buy unwanted items.
Going by this trend, I am trying to understand which startup is going to be profitable and sustainable. Probably education startups providing online tutorials? Is that? I doubt.
Am I advocating too much of negativity in saying startups wont be successful or is it my plain logic? Why can't I think startups will be successful? I just can't, everywhere I get to see peoples' greed rather or capitalism, so that's what prompts me to think otherwise. fingers crossed!
By the way a successful startup is decided by media. Going by paid media, I can get a article to circulate saying my startup is profitable, even though I may be running on investor money.
So, concluding, how do we get to know about a startup which is profitable and sustainable in a cramped infrastructure like bangalore? Is it providing a product or service?
Well,not sure, bring your thoughts!
Cheers,
