How to initiate your own Start-up

When you run your own business, you build your own team. You can surround yourself with people who share your vision and work the way you want them to. Being able to nurture new talent and get the best out of your colleagues is one of the most rewarding things about being an entrepreneur. Students do you know that pursuing an MBA/PGDM at Poddar Business School can be an excellent way to prepare for your entrepreneurial journey.  

The process of creating a company is divided into three phases i.e.  Pre-incubation phase, Incubation phase and Acceleration phase. In this article we will discuss the Pre-incubation phase. The pre-incubation phase is the stage from ideation to the minimum viable product (MVP). A pre-incubation program acts as a launch pad for ambitious social entrepreneurs thriving to validate their innovative ideas and translate them into a business model. Pre-incubation stage mainly focuses on ideation stage. Potential innovative idea can be provided with a co-working space. Idea to into a proof of concept and understanding the technical feasibility of the idea proposed. Supporting the start-ups by mentoring or by creating right platform for networking.

Pre-incubation usually involves a technology-focused business concept or project, where start-ups that have started working alone or with a team but have not been incorporated to make this idea come true. Entrepreneurs in the pre-incubation process need specific training, mentoring and consultancy services to understand whether their ideas are viable, commercializable, scalable, etc. Pre-incubation centers provide these opportunities to early-stage entrepreneurs for an average of six months to a year.

PGDM program at Poddar Business School, you can work on live projects, internships which will help you develop the skills needed to begin and run a successful business.

Entrepreneurs set up an accurate and applicable business plan by clarifying their ideas with the support they receive in pre-incubation centers. At this stage, the number of entrepreneurs who change their business idea and turn into a more feasible business idea by taking advantage of the knowledge and experience of consultants is quite high. All minute details are covered in the curriculum of Poddar Business School’s PGDM program includes Entrepreneurship and Start-up Technology as one of its specializations. At the end of the pre-incubation, entrepreneurs are ready to go into company with the right and elaborate business plan and implement their plans. After that, they continue their work with the incubation process. Venture capital funds and angel investors rarely invest at this stage.

Are you aware students that Poddar Business School, which is the best Business School in Rajasthan has an exclusive Entrepreneurship Cell that provides students with access to essentials of Entrepreneurship.

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 The author assumes no responsibility or liability for any errors or omissions in the content of this article. The information contained in this article is provided on an ‘as is’ basis with no guarantees of completeness, accuracy or relevance. Any similarity with any other published article may just be a coincidence.