At SRM, Our co-founder Srividya was invited as a keynote speaker to address students from the IEEE engineering department as part of their Entrepreneur Tech fest – Concepto’23. The focus of their discussion was “Understanding Entrepreneurship.” The panel covered various aspects, including her journey as an entrepreneur, the challenges they faced, and critical factors for aspiring founders.
She emphasized the importance of identifying market opportunities and the power of creating small prototypes to address customer pain points. Three key aspects stood out.
1. Financial Stability and Literacy– Understanding how to manage funds, raise capital, and comprehend the intricacies of equity and cap tables is crucial. Financial literacy is a cornerstone for any entrepreneur.
2. Compliance and Regulations- Staying on the right side of the law is non-negotiable. Being compliant with data privacy and violation laws is essential to protect your hard-earned business.
3. Synergy Among Co-founders- Building and maintaining a healthy relationship with co-founders is vital for a smooth business journey. A united front is key to overcoming obstacles.
The discussion also touched on the importance of identifying market opportunities and the power of creating small prototypes to address customer pain points. These small steps can often lead to innovative and sustainable startup ideas.
On a final note, our co-founder Srividya has penned down that the entrepreneurial journey is an exciting but challenging one. Preparing for the road ahead with financial literacy, understanding compliance, and fostering a strong partnership with co-founders is key. With these principles in mind, aspiring entrepreneurs can embark on their journeys with greater confidence.
