Halfway through the 'Startup Leadership Program': Thoughts & Learnings

It was a couple months back when I heard about the Startup Leadership Program (http://www.startupleadership.com). I read about it, found it interesting and started reading more about how I could enroll. To my surprise, there was a selection process. This in a way was a roadblock because I was in no mood to write essays. Anyway, I thought about it deeper and somewhere I felt like this program would help me take my startup to a very different level so I took a stab at the essays and the admission form. With the daily grind, somewhere I forgot that I had applied. Finally, out of the blue I got a call and coordinator told me I got selected! Yippiee!! :-) I was really excited about this community!

As I write this blog, I'm somewhere in the middle of the entire 6 month program. The program has been very enlightening, eye-opening and a great learning experience. I've met some amazing and enthusiastic budding entrepreneurs, successful entrepreneurs and investors. Every session has so much to take away. We've covered topics on business plans, pitches, financial modeling, customer development, valuations, products, investments, lean methods, sales, customer development and many more exciting topics to come as we move ahead.

I got to meet with some very exciting entrepreneurs, Nischal from JustUnfollow, Sampad from Instamojo, Pravin from Wishberg, Kunal from Freecharge, Vikram from MyDentist, Mohit from Carwale, Sameer from CouponDunia, Vikram from yavvy.com and Bijaei from Loyalty Rewardz.

But I'd like to share my learnings till date and how I have implemented it within Last-Bench! One of our biggest strengths as a startup is that we have a strong, dependable and multi-talented team. It might not be large but it is a team whose strengths are diverse and individually each member, using their unique talent,  contributes to the business goals in a unified manner. One of our biggest weaknesses is the constant pivoting and loss of focus when trying to experiment with too many things.

As part of our lean method, the first thing we did was clearly identify the areas (product and services) we want to work on. We chose 1 product and 1 service that we wanted to focus on. This is helping us to be more focused and also allowing us to channel our energies in the right direction. Second, we've decided that each one manages his own time but wherever dependencies, that person is responsible to coordinate with the other people so that a bigger weekly goal is achieved. Third, we've started weekly targets that sum up to the bigger targets and everyone needs to report whether it is completed or not. There is no room to say that it is partially completed or 50-60% completed. If remaining, simply means it is not done. Fourth, we kept clear goals in terms of revenue and product development. Fifth, experimentation is key to find out whether a feature or a sales method will work for us or not. Sixth, there is no room for assumptions. Seventh and the most important, keep having fun while working!

Before and after every session I share the learnings with my team and everybody is excited to learn more. I personally think, a program like this, is definitely good for entrepreneurs who are in the 1st two years or to-be entrepreneurs. The biggest advantage that this program brings is the discipline!

Here are some pics from the sessions:

I will write more on this once the program ends and share my learning on each topic as we progress.

You can follow Rajeev on Twitter or connect with him via LinkedIn

Leader in focus: Warren Buffet

What really separates average leaders from the great ones? To get to a leadership position and, more importantly, to stay in one you not only require determination, courage and vision but also some very important skills to help you accomplish the work you are entrusted to complete. In business, it is equally important that you must be flexible and adaptive to constantly changing climates and demands. So is it possible to zero in on what is common between all great leaders? Can we learn from the way they plan, execute and achieve?

The growing need for Employability Skills in India

Recently I attended a webinar co-hosted by the National Entrepreneurship Network (NEN) and National Skill Development Corporation of India (NSDC) discussing the opportunities in skill development for businesses in India over the next few years. In the one hour presentation they spoke about initiatives, programs and competitions undertaken by the NSDC and how businesses must focus on skill development for a country which will soon have the largest working population in the world. Though the opportunity is great and the platform might seem perfect to tap the commercial potential, the information and numbers raise a bigger issue (and one that was left unanswered in the webinar) that what are the skills that an emerging India needs?

Academic skills and technical skills have often been the core focus of the government and the result has been fairly limited, with minimal increase in opportunity or empowerment. Of late, there has been an gradual shift towards vocational skills, which is definitely a breath of fresh air, for both job-seekers and employers alike. In fact Corporate India, with each passing year, renders the current crop of graduates more and more unemployable. For a country where the working age population will very soon be far in excess of those dependent on them and will continue to do so till 2040, this is a very disturbing statistic. (source: World Bank).  Dr. APJ Abdul Kalam, in my opinion, hit the nail on the head when he said 'India does not have problem of unemployment but that of unemployability'. Hence the focus must undoubtedly be on developing skills that transcend technical or academic capability and help create professionals who are not only ready to face the challenges of a dynamic and competitive business world but also have the flexibility, intelligence and practical skills to sufficiently excel in their respective roles within an organization.

According to the survey, carried out by a number of agencies (and endorsed by the PM’s National Council on Skill Development and the NSDC), the top three most important general skills identified were motivation, reliability and teamwork, while the top three most important specific skills are entrepreneurship, effective communication and use of modern tools and technologies. This is some very important information coming directly from the corporate world and should almost become the tenets of basic skill-based training in India. The importance of the survey results and the focus on developing these skills (both general and specific) cannot be emphasized more, because they have a three pronged effect. 

First, they provide individuals seeking employment with a first hand account of what skills they must possess and, if necessary, develop in order to catch the eye of a potential employer. Of course, recognizing skills and developing them are only primary steps, putting them to practice and creating a habit of learning new skills is the ultimate goal. The onus to do this is not just on the job seeker but also training organizations and businesses to identify innovative methods of developing and teaching these skills. In todays digital age, the use of technology is imperative for educational and vocational institutes to attract the youth and make the learning as enjoyable as possible. Learning happens best when the learner is so engrossed and engaged that he does not realize he is learning. 

Next, by developing these skills individuals are not just molded to excel in corporate or government positions but also develop a sense of innovativeness and creativity. There in lies the hope that we are not just empowering job seekers to achieve career goals but also create a section of individuals that will take the entrepreneurial path, at some point in their careers, and will eventually become job creators. 

Last, through the development of these skills job seekers will find it mush easier to accentuate their core academic and technical skills and employers will find that (a) hiring candidates becomes much easier (b) their investment in training new employees and in turn, attrition rate is lower and, (c) productivity is greatly increased because now corporations can focus less on teaching people how to do work and more on actually assigning them to more complex, diverse projects. Hence, to summarize, the development of these skills greatly improves the chances of (a) getting hired then, (b) staying hired and finally, (c) personal and professional success. Could there be more valuable advice for new graduates and young professionals? I think not.

Here is an info graphic that Last-Bench created almost a year back highlighting the importance of soft skills for job applicants. In fact the development of these skills must become a compulsory module in a lll colleges and universities to ensure graduates receive complete education.

If you have any questions, comments or would like to learn more about any of the tools or techniques to improve your soft skills please write to us at chalktalk@last-bench.com

For more information on our skill development programs please click here.