▪ Get out of the box ▪

Two words. Many futures & adventures in between.

You might be an entrepreneur growing an exceptional idea or you might not own a business and yet start a movement that changes the world for the better. Being enterprising is trying to build the better, make the amazing, irrespective of your job status. It is a status where you believe that the outsized outcome you seek will attract the resources it needs, and that the flight of your idea is doable. It is inevitable.

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Wanting to build the amazing?
Planning a new venture?
Assess your idea?

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▪ The Memo ▪

Are you the agile fish?

Today the debate isn't as much about whether you as a business are large or small. It is not the big fish that is on the hunt nowadays. Rather it is the agile fish - small, scrappy but bursting with world changing ideas and nascent products that threaten to disrupt industries. And most often succeeding.

Start-up firms and entrepreneurs are booting out of every nook and corner - be it coffee gulping co-working spaces or grungy garages or rented lofts. They are willing and daring to disrupt every business model and “theorycracies” bringing them down like Jenga towers. This is the design of the times that are and the times to come. And as many more drop out tendering their great resignations, this is getting busier. Ideas are fructifying into business and products faster than ever. With hungry venture capital, start-up friendly technology, and support players acting as eager co-pilots.

This means that the world of businesses and calm corporate waters are getting competition faster and more furious. And most times, unknown.

3 very interesting numbers - you need to pay attention to this!

#1 In 2003 it took 51 days to start a company. This was the global average. By 2019 it had fallen precipitously to 19.597 days. A fall by 62%.

#2 Cost of business start-up procedures (% of GNI per capita) which was 104.8% in 2003 has come down to believe it or not, 19.775% in 2019.

#3 Start-up procedures to register a business (number) has fallen from an average of 10.254 globally in 2003 to 6.63 in 2019. A reduction by 35%.

And what is not revealed in the data above is that this will exponentially get faster and more furious as technology makes an exponential difference year on year. And as venture capital gets more and more available and ambitious.

'In short competition is coming faster, starting quicker and doing cheaper.'

But the agile fish always sees the glass as half full. This is not to be treated as a threat by large companies. In fact, it is a grand opportunity. To be agile and scrappy once again.

To join ranks, go back to creative fundamentals and be what they once started off as. The original batch of small, scrappy start-ups that began their journey with world changing ideas. The only difference being that the glossary and terminologies in the world of ventures then were slightly different. But it was still the creative ideas, bold bets and passionate folks behind it who made their way to become big businesses. And slowed down a bit.

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