Cryptocurrency and Blockchain- The New Kids on the Block

Cryptocurrency is a virtual currency acting as a means to exchange or transact using cryptography so as to make it secure and to control the creation, the use of the creation and the limit up-till which the currency could be made available. A cryptocurrency is difficult to counterfeit because of this security feature. With not being issued by a central authority, cryptocurrency is immune from any government manipulation, or tampering of any kind. And with the use of cryptographic hash functions made sure to keep user data private. Let’s take a deeper look into this world of hashes, mining and see if it’s all chuckles and giggles or whether it has a dark side too!

The idea of an electronic cash system has been since the late nineties and with both centralized and decentralized network acting as the idea for the means of transacting. After seeing all the failed attempts at the creation of a centralized network, Satoshi Nakamoto, an individual or a group, in an attempt to create a peer to peer electronic cash system based on the decentralized network of exchange. Here, in a decentralized network, unlike the centralized, there is no central hub or a central server keeping track of all the transactions, the accounts or all the balances. This makes every single entity connected on the network to do that. Every peer in the network needs to have a list with all transactions to check if future transactions are valid or an attempt to double spend. And with all those entities connected to the network, maintaining a consensus without any central government verifying the legality of that transaction and the order in which the all the previous transactions occurred, stymied the job. Tackling this was what made possible the answers to multiple problems. read more

Importance of Blogging for a Startup

Blogging may seem the least important and relatively trivial thing for an entrepreneur (or an aspiring entrepreneur) to do. Today, when large number of startups are launched everyday, it is a challenge to stand out but blogging may be one of the best way to connect to your targets, especially during the pre – launch scenario.

Blogging should be treated as a mandatory aspect of your business growth. It not only increases the visibility of the startup but also provides the necessary information to the consumers and keep them on the edge. It might not always show immediate payoffs but the long term investments surely makes all the difference.

Still on the same page? Cool. So, lets move on to discussing the importance of blogging for a startup. read more

Top Ten Women Entrepreneurs of the World

Entrepreneurship is a lot about taking risks and identifying opportunities. Much like in every other aspect of life, women, tend to be good at perceiving new opportunities and making the most out of them. It was not long ago that the idea of a women entrepreneurs was not palatable to general public. But due to a much more progressive way of thinking, times have changed. Women have come out from under the oppression of society’s limits, and have begun to emerge into the public eye.

“The difference between successful people and others is how long they spend time feeling sorry for themselves.”

To fire you up with motivation, I have created a list of top women entrepreneurs in the world. read more

What makes entrepreneurs think differently?

“It’s not about ideas. It’s about making ideas happen.”

– Scott Belsky, co-founder of Behance.

An entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.

Actually, entrepreneurs are a unique breed of people. While some people sit and fantasize about the glamor of being their own boss and creating their own business, those that are already in the thick of business ownership understand that even considering all its rewards, entrepreneurship is a difficult and complicated path.

Entrepreneurial thinking is about recognizing opportunities in the marketplace and understanding how and when to capitalize on them. Becoming an entrepreneur is not necessarily an inherent trait. read more

Why YOU should take a leaf or two out of Elon Musk’s entrepreneurial journey?

We have all heard of Elon Musk, right? He is the brain behind few of the most outlandish business ideas of our generation – space exploration and colonization of Mars, manufacturing of electric cars, efficient usage of solar power, faster transportation using low-pressure tubes, and integration of artificial intelligence with the human brain – just to name a few. Now, as I was stating these, I’m pretty sure that your brain did not find a lot of those ideas “outlandish” anymore. Why so? That is because Elon Musk’s own work in those fields has made you habituated with these ideas. I have always wondered how can a person be so innovative? That too, at such a plethora of levels! Leaving behind Earth in a far more sustainable and efficient position is what seems to drive him. At his most recent TED Talk, he made the following statement – read more

5 Reasons Why Startups Fail

A new buzz among the youths is the word ‘startup’. Every youth desires to be a boss, not be under anyone. With hope, determination and an idea, people move a step closer becoming an entrepreneur.Even with so many budding startups in our nation, how many are really successful? It’s strange to know that 6-7 out of 10 startups fail for sure. Regarding this, Neil Patel writes in Forbes, “Entrepreneurs may even want to write their failure postmortem before they launch their business.” This, he says, prepares you for the reality and hopefully also to work harder and smarter. Marketing and funding always remain a challenge for the startups and can even be the main reason for their failure! So after having conversations with failed startups, here are the five reasons that I soon discovered to be the main culprits. read more

Getting rid of the fears and becoming an entrepreneur

“Brave are those who work while others sleep, they make the nation’s pillar
deep and lift them into the sky.”

The definition of entrepreneur is all about a person who organises and operates a
business taking on greater than normal financial risks.

Fear can be helpful, even necessary. Fear is the mind’s way of telling us that
danger-or, at least, a bumpy road lurks ahead. But whether justified or not, fear
can cause destruction on the entrepreneurial life. It can foil imagination and choke
ambition. At its most devious, it can make every obstacle seem insurmountable.

It doesn’t matter how many times entrepreneurs read their affirmations, fears
arise, challenging them at every step of their way. And these fears pull them back, not letting them stand up to their expectations, not letting them work as
required. read more

GST and Startups – What Will be the Impact?

On the 8th of August, 2016, a constitutional amendment to pass the Good and
Services Tax was passed in the Rajya Sabha. It is being regarded as the single
biggest tax reform that our country has seen since we gained independence in 1947.
The aim is to remove the numerous taxes like Value Added Tax, Service Tax, Central
Excise, and Entry Tax to name a few, and bring forward the One Nation One Tax
regime by making a single marketplace for businessmen and consumers. A tax
system which is going to be implemented on this huge scale is bound to have a
strong effect on the economy.

GST is expected to have a beneficial effect on the startup culture in India. The
reasons are as follows:

1. The entire process of GST starting from the registration and filing of documents
to the payment has been made online. Startups no longer have to run to a
number of offices to get the registrations for various taxes done, in order to
establish their company. This will lead to the foundation of a uniform structure
and companies no longer have to follow different legislation for different states. read more