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Thursday, January 22, 2009
Sunday, January 18, 2009
My Talk at Genesis
Why Plan
"Would you tell me, please, which way I ought to go from here?"
"That depends a good deal on where you want to get to," said the Cat.
- Alice in wonderland
The first part of the talk was about why you need to plan in the first place. Many students believe that the idea of the operations plan is so that you can show it to venture capitalists and get funded (or perhaps win business plan competitions). The point I tried to emphasise is that the plan is something that helps the entrepreneur with the big picture. Running a startup is not a matter of following a fixed set of steps until you get rich. Rather, you will be fighting fires every day as something or the other goes wrong. When you get consumed with all these small fires, it is easy to lose the big picture, and thats when you need your operations plan to get back on track.
Rules for operations planning
With that I talked about 5 rules of operations planning. Here they are:
1. Know Where You Are
At any point you need to know where you are. If your plan calls for one year of development before you release a product, then you should be able to know if you are on track at any point. For this, you need to have intermediate milestones where you can check your progress and adjust your plan accordingly. For a software startup, I would say you need a milestone at least once a month. This would be a release with a subset of features of the final product.
2.Churn, baby, churn
You may have done a lot of market research, but you cannot gauge the market reaction until you actually get your product or service into the market. Therefore, get it out as soon as possible - even if it is only a small subset of your final vision - and then use market feedback to drive the product. In order to do this, you need to break up your product or service into chunks that are complete and can be released.
3. Be Flexible
Often opportunities arise that could not have been predicted at the start. Maybe users are using your product in ways you did not plan, or perhaps a new opportunity presents itself. A startup needs to be able to take advantage of these opportunities. A small team of generalists will usually trump over a team of specialists, because generalists can change direction quicker.
A story: Sabeer Bhatia and Jack Smith wanted to start a company to do web based databases. It was entirely an accident which led them to develop the first web based email system - Hotmail.
4. Know What Is Important
You need to know what is important for the product to be developed. Focus on what needs to be done to get your product in the hands of your target customers. Startups will sometimes spend money on a nice office and save money on developer workstations. While this is great for the founder's ego, it's counterproductive for the business. As far as operations go, spend on productivity enhancements rather than ego enhancements.
5. Be Ready To Start Again
"Plans are useless, but planning is invaluable" - Dwight Eisenhower
Operations planning is not something that you do at the start, but it's something you need to be continuously doing. New information keeps coming up which invalidate your old plans. Rather than stick to the old plan, throw it away and plan again. Don't be attached to your operations plan - its essentially useless - but the act of planning is very useful.
Tuesday, January 06, 2009
Silver Catalyst reviewed by BangaloreInc
Saturday, January 03, 2009
Silver Catalyst: Agile Project Management
Silver Catalyst is a project management tool for teams that follow an agile software development model. We're in beta and there are a few free accounts during the beta, so if you are doing agile development, you might be interested in giving Silver Catalyst a run. Head over to the Silver Catalyst website and sign up.
Thursday, December 25, 2008
Proto.in Registrations Open
Proto.in is an event that aims to bring together startups, investors and industry people in one location. Its a two day event. The first day will have a number of talks on startups. Usually these cover topics like funding, business plans, bootstrapping and so on. There are also technology talks. The second day has some selected startups presenting their product followed by an open house where you can interact with startups and investors.
This event is the fifth edition of Proto.in. The first three editions were in Chennai, the fourth in Delhi. This edition is going to be held in Bangalore, so its pretty convenient for people from Chennai to attend.
Find out more about Proto.in here - http://proto.in/
The cost of registrations is Rs.750 for one person or Rs.1000 for two.
Again, this is the URL - http://proto.in/register/
Saturday, November 01, 2008
Chennai OCC November Meet: New venue - Ascendas Food Court
Now if you are unsure of what the Chennai OpenCoffee Club actually is, its a place for entrepreneurs, would-be entrepreneurs, and everyone else involved with startups to meet informally (that means no need to join a group or pre-register and no entry fees). We have a meet on the first Sunday of the month. The meetups are open to everyone. Join the Chennai OCC website to get an email notification before every meetup.
On the topic of the OCC website, I just wanted to point out the Chennai OCC website has a forum, so do join in the coversations.
Plus a new feature that is available is that all discussions on the website are now available as an RSS feed — Click here for the Chennai OCC forum feed — so its a really good idea to subscribe to the feed in your favourite blog reader. That will allow you to keep track of the Chennai OCC forums and, if you have joined the website, you can then join in the coversation.
Wednesday, October 22, 2008
Must watch videos from DjangoCon
Thursday, October 09, 2008
Cave Story coming to WiiWare
Sunday, August 31, 2008
Choosing a scripting language
Friday, August 15, 2008
Thursday, August 14, 2008
India Unconferences and Events
Over the last year, the number of community events has increased by leaps and bounds. There is an event happening somewhere almost every week. Unfortunately, it isn't always easy to track these events. Often, you only find out about the event when someone blogs about it after it's over :(
Thats where the India Unconferences and Events group helps. This group tracks tech and startup community events happening around the country. Over the last year, this group has tracked more than 120 events around the country (check out current events and past events tracked by the group)
Once you join this group (you just need a Yahoo ID to sign up), you can subscribe to the RSS feed to be notified of events as they are added. It's an open group, so if you come across a tech community event that is not in the group, you can add it to the group.
Tuesday, August 05, 2008
The problem with ebooks
Thursday, July 31, 2008
From Good To Great ... To Below Average
And at the end:Ironically, I began reading the book on the very same day that one of the eleven “good to great” companies, Fannie Mae, made the headlines of the business pages. It looks like Fannie Mae is going to need to be bailed out by the federal government. If you had bought Fannie Mae stock around the time Good to Great was published, you would have lost over 80 percent of your initial investment.
Read the whole post here.What does this all mean? In one sense, not much.
These business books are mostly backward-looking: what have companies done that has made them successful? The future is always hard to predict, and understanding the past is valuable; on the other hand, the implicit message of these business books is that the principles that these companies use not only have made them good in the past, but position them for continued success.
