It’s not important to get mentors at initial or at any stage, if you know the following and can analyze it yourself –
Problem Analysis – For estimating the market volume for your concept
Solution Analysis – To analyze your concept against the existing solutions
Market Volume Analysis – For estimating the targeted market volume
Market Competition Analysis – For penetrate the market volume of others
Revenue Model Analysis – To earn money
Marketing Strategies – To reach targeted market volume
Legal Requirements – To avoid any critical legal issue
Scalability Analysis – To expend you business model in other locations, business verticals, related services,
Long Term Target Analysis – To decide whether to get acquired or to become market leader
Team Selection – To choose right skill sets for your scope of work
Planning on all the Related Verticals– To move forward in systematic way
Prototype Testing – To validate your assumptions
Monitoring and Control – To prepare the best solution
But as we all know that jack of all trades always sink the ship, and one can be perfect only in one field therefore in order to run a business that too startups it is very necessary to take the help of a business mentor.
A mentor can prove to be a very useful resource for a first time startup. A mentor can loosely be defined as a person who advises and hand-holds a startup team. Typically mentors are people who have successfully started up themselves in the past or may also be someone having expertise in particular domains like marketing, technology etc. Hence mentors can help startups in a variety of ways such as:
– making and refining the business plan and revenue plan
– assisting in hiring the right guys
– forming a mission, vision and culture
– advising in particular focus areas like technology, marketing etc.
Today we are presenting the exclusive interview of founders of Meticulous Business Solutions Private Limited which has been providing mentoring, coaching and incubation services to young startups and helping them to achieve their dreams and vision. Lets see how Meticulous Business Solutions Private Limited is helping other startups and explore their journey in their own words.
1.What is the Name of Your Venture? Any specific reason for this name?
Company Name – Meticulous Business Solutions Private Limited
Brand 1 – Startup with Meticulous
Brand 2 – Meticulous Business Plans
Brand 3 – Meticulous Business Reengineering
Reason – Because we wanted to be Meticulous in each and every way.
2.Who is your target Audience/clients?
Startup Incubation and Consulting
People who are planning to startup
People who have already stated it up and planning for expansion
Business Houses who needs to transform business
3.Where is your venture based (city, state, country) & What are your geographical target areas?
Location – Pune, Maharashtra, India
We are global – Geographically – India, US, Europe, UK, Middle East
4.What problems does your venture resolve? What are your products or services?
We are solving the problems in starting up any venture by offering them startup incubation services.
We are helping startups and business houses to plan their business effectively and efficiently by offering them business planning service.
We are helping business houses to make some strategic transformation and changes by offering custom and niche consulting services.
Startupwithmeticulous.in – A complete startup incubation and consulting services.
Meticulousbusinessplan.in – A business planning services (Plans & Reports)
Meticulousbusinessreengineering.in – Management consulting services to existing business.
5.Share the idea or story behind the venture. How did it came to an existence? What motivated you to start your own venture?
Well that’s a long story, I will try to make it short.
We have started our journey in 2011 with a single step to solve the problems of the people who want to start their business.
I myself had some plans to start business and faced many problems just to get the information on “how to start?”
From where I should Start?
I have business Idea, how to make it workable?
How to prepare a business plan?
How to get funding?
What are the legal formalities to start business?
How to execute the plan?
And so on….
All these problems are just for setting up. I am not writing about the challenges after stating up. Though the GOI has taken some positive steps towards start-up, but the ground reality is different. The system is reluctant to accept the change in most of the area. Some positive effects got to see in cities like Mumbai, Bangalore, Chennai. But the places like Pune, Chandigarh, Ratlam etc. don’t have any effect. Still starting up is a difficult task.
Then I came to know from my research that there are so many people with the same problem and at the end they have to drop the idea because of hassles in starting up. And that’s the market gap I have identified and started gaining expertise and experience. One fine day, I took the decision to get into consulting and started up this.
Now we have great product mix as per the need of the market.
6.Who are your biggest competitors and how do you differentiate yourself from them?
As such there is no direct (100%) competitors, but yes we do have some competition from CA and Individual business consultant. Here are few.
Illumination Consulting, California
I don’t see competitors as a competition. There is a huge market to cash on, great scope for product improvement and all these cannot be achieved if a single company decided to achieve. So business collaboration and sharing is the only way to get ahead. So I look competitors as a guide and future business partners. We will constantly work on product improvement, right team building, making clients life easy, business collaboration and these strategies will help us sustain in the market for long run.
Innovative and uniquely crafted start up solutions
Most logical and result oriented Startup Incubation Services
Customized Solutions according to the need
7.How did you identify your co-founder? Tell us something about your co-founder/s
Me and my younger brother were always wanted to start something, I didn’t find co-founder, He was there since inception.
Mr. Yogesh Thite – MBA, M.Sc. and B.tech
Mr. Nikhil Thite – MBA and B.Sc.
8.How did you hired your first team members? What skills Do you want in your employees/team?
We hired an interns first, we train them and now they are greatest assets.
9.What expansion plans are you looking for the next 2 years, next 5 years?
Creation of Value Proposition to target market
Building a brands and its value
Marketing and Promotions
10.Where do you want to see yourself in next 10 years?
Frankly speaking, I want to be happy and satisfied. And this will be achieved only when we are will help Startups and business across the globe with utmost positive results. We want to be a Wikipedia/google for Startups.
11.What are your goals over the next 1, 3, 6 and 12 months?
Launching all 3 new brands in the market
Getting few more clients
12.Have you raised any funding? Or have any plans for the funding?
Not yet. We were testing our business model till date and found feasible, scalable and profitable. We can proudly say that it’s a bootstrapped successful startup and planning to have investment in Oct 2018.
13.What were the problems you faced during the starting days and how did you resolve them?
Precise Startup Planning
Shortage of funds for marketing and operations
Selecting right people
Keeping each client happy
Leaning from people around
Networking on different platforms
Introspection, Planning, execution and repeat the process again & again
Taking calculated risks
14.What was the most challenging part of your journey till now? How did you overcome those challenges?
Same as No. 13
15.Are you married, single or in a relationship?
16.What are your hobbies? What do you do in your non-work time?
Reading, spending time with Family, Visiting a no man’s land places.
17.Whats your favourite food & holiday destination?
I love Indian spicy food. I am planning to visit Bora Bora is a small South Pacific island northwest of Tahiti in French Polynesia.
18.Whom do you consider your idol or biggest motivator?
It would be unfair if I name one or two. There are many and each individual around me has inspired and taught me a lot of things.
My Father – Has made me so strong that I can face any situation and challenges with great mind stability.
19.What do you feel is the major difference between entrepreneurs and those who work for someone else?
In my sense everybody is entrepreneur – whether employee or house wives or business person.
20.If you had the chance to start your career over again, what would you do differently?
I will skip some part of my educational life, I will start early.
21.How has being an entrepreneur affected your family & Social life?
You should ask my wife; I guess it’s not only entrepreneurship but all the profession has got this problem. I believe everyone is enough miserable with their personal life. But I am leaning a great time management lesion and hoping to have good work-family life balance.
22.Anything, you would like to say to our readers or upcoming entrepreneurs?
We are judged by what we finish, not what we start. Think about it, we rarely fail for the things we do. We fail for the things we don’t do.
Don’t lose your hope, don’t let off your business idea – plan and work hard
23.Tell us something about your education & family background.
I belong to a middle class family with good family values. My parents are working. I had a great school life at different places of Maharashtra.
I lead a happy life with substantial struggle in early days of Startups. I proudly hold B.Tech, M.Sc and MBA degrees along with 7+ years of experience in this industry.
If you need more details then you can visit my Li profile as well – https://www.linkedin.com/in/startupconsultantyogeshthite/
24.What is your USP which makes it unique & different from other start-ups in similar domains.
Please refer answer to the Q.6
25. What do you think is the biggest threat to the success of small businesses & Start-ups today?
w.r.t to India – The upbringing of kids, traditional mind-set of good marks, job. The attitude of the people towards seeing business as a risk and job as a security.
26. Do you consider yourself successful and by what means do you measure success?
I believe success is process and not a destination. We should enjoy the journey with utmost passion and consistency. Cherish every small accomplishment and resolve every small problem. What we need is feeling of being happy and successful, so make it every day and live the life to the fullest.
27.Please share complete name, address, phone number, email id & website of Your Business & Contact Person
Meticulous Business Solution Private Limited
Office 402, Pushpak Business Hub, Mumbai Pune Highway, Wakad, Pune, MS, India
Email – [email protected]
Contact Person – Mr. Nikhil Thite, +91 992 167 1578, [email protected]