If you create a business now What is your strategy? What type of business would you...

If you create a business now

What is your strategy?

What type of business would you choose and how would you finance?

What is the biggest fear for startups? why?

Expert Solution

1. Strategy for business creation now is:

To have an asset light model and technology enabled so that everyone can access my business from any part of the world.I will focus more on masses (small ticket item purchase by large group of customers) and will enter the Emerging economies (India and China) to gain volumes.

2. Type of business and how to finance:

I will choose a business in B2C segment where i will try to sell consumables to my customers via digital platforms.

I will finance my business via a combination of Angel Investors, Debt from Banks and Venture Capitalists.

3. Biggest Fear for Startups:

Today the biggest fear of startups is the drying up of funds from Investors. As most of the startups are still not profitable so to ontinue their operations they rely heavily on these funds from VCs and Angel Investors. Once dried up, these startups will find it difficult to operate on own.

jeff jeffy answered 2 years ago

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