Rajeev Lakhanpal
Director of Amaterasu Technologies Private
Limited
About Rajeev Lakhanpal
Rajeev Lakhanpal is the Director of Amaterasu Technologies Private Limited, a company entirely driven by innovation and technological perfection. After witnessing some of the top brands come to India, Rajeev Lakhanpal decided to venture into this field and started his career at the age of 19 in the shipping field.
Rajeev Lakhanpal Shares 5 Tips for Starting a Business
1. Establish a Business Plan
A business plan is often compared to a blueprint, laying out the steps to proceed from idea to market and beyond. Drawing up a business plan helps stakeholders focus on the feasibility of an enterprise and where it is headed.
2. Invest in Time
Time is one factor an entrepreneur can control. Investing in time doesn’t necessarily mean spending all waking hours (and neglecting sleep) to develop a business.
3. Remain Financially Cautious
Financial caution enables entrepreneurs to maintain more control over their businesses. It also makes it easier to bank money for unexpected opportunities or crises. Keeping a close eye on spending can make each dollar go further.
4. Embrace Risk
Entrepreneurs can also manage risk, mitigating factors that could overwhelm a business. Entrepreneurs may put at risk their own money, their family and friends’ money, and investor’s money with no guarantee of success.
5. Seek Feedback and Mentorship
Mentorship and feedback can come from a variety of sources, including other entrepreneurs as well as investors and informal advisors. They can provide outside, objective perspectives from different experiences.