By sanmaya

How we are able to operate from Odisha!! A sincere thanks to KiiT-TBI

A startup needs a lot of help in the initial days. When we speak to a our customers, they ask how come you are able to start up in a place like Odisha??

Our customer support calls or chats would be like this a lot often:

- Where’s SlickAccount located?

: In India.

– Oh Bangalore! :)

: Nope Bhubaneswar, it’s in the state of Odisha in the eastern part of India, (map attched)

Recently we got selected to Ycombinator Startup School program (I’ll share about it in the another post). And my groupmates there, were surpised of the same.

So here’s a post to thank the organization that helped us all along: KIIT TBI

Startup Recognition Certificate

In Jan 2017 we got Startup Recognition Certificate from DIPP under Startup India Scheme  It’s a wonderful scheme to help good startups gain better facilities and govt help at each step. We were among the first batch of companies in India who got it.

Thanks to KiiT-TBI team and specifically Dr. Mrutyunjay Suar, Raghab, Dr. Manisha Acharya, Sanjukta and Devesh who recommended us for the same.

Since our inception here this team has been keen on helping us a lot, from making our initial connection to colleges and industries to be able to hire good people to obtaining the extremely needed Seed Fund Supports from the govt. They worked tirelessly to help us get those funding.

Seed Funding

We availed our most needed seed funding support from KiiT-TBI.

Odisha is a investment dry state when you look at Software Product companies. So govt. funds had been the only breeze. Both Central and State govts gradually have come up with schemes that help you along the line. These funds may not always be big, but big enough to help you focus on building products and grow.

KiiT-TBI is the enabler. Often getting these schemes are pretty hard and takes a lot of to and fro communication and govt regulations. Although there and TBIs in various places, the team here is working really hard, all the people I mentioned here deserve a special applause, because they took half of the burden out even after the selection how those funds will come on time etc. They ensured a lot of those headache. So we could focus on working hard on our business. Well, there is no substitute to hard work :P I am meeting a lot of founders from other TBIs across India and had never seen them supporting so tirelessly.

Facilities:

The facilities here are best in Bhubaneswar so far. We got full furnished office space, air conditioning (Bhubaneswar can be really hot in summers), power backups (you know again Indian summer power cuts :P ), high speed internet (if you are forgetting, before just even few months beyond 2MBps was a dream in Odisha :P ) This enabled us to provide uninterrupted service to our clients all over the world. You know how that how critical is support for SaaS services. And our first response time is so far had been max 8 minutes even with a small team.

Amazing deals

A good amount of the initial spendings of startups goes to cloud infrastructure. Raghab and Devesh were instrumental in bringing in AWS cloud credits and Payment Gateway deals of Instamojo etc. It is reducing a lot of our costs. Also they helped us connect to good lawyers, CAs etc.

Among some amazing companies

Startups don’t operate in isolation. They derive their passion and share highs and lows with fellow startups to gain energy and support. The startups housed here are amazing, work really hard. Plus KiiT-TBI has been always supportive in conducting events and various tech groups organize their hackathons and events here. It bring huge desired ecosystem boost and help us connect to people.

In this same building you will find apart from all software or IT based startups, Biotech startups doing highend research, Electronics startups doing lowcost high efficient illuminating solutions and Mechanical startups doing solar and e-vehicles for disabled and social startups and research scholars working on social issues etc. You’ll eventually see some of the best health solutions coming out of this same building. I can only imagine how Mr. Suar would have thought of a BioTech Incubator in the state often talked about for its poor infrastructure or facilities.

You will be surprised to find KiiT has hosted most number of Nobel Laureates than any other institutions in India.

KiiT-TBI is continuously evolving. When we came it was really good incubator for BioTech and Other fields but not for IT startups, but eventually they are becoming better at it at a very rapid space.

So here you know how we are being able to operate from Odisha. It’s still hard to create a good company outside of  buzzing startup hub. I’ll write more about the ecosystem here in my later posts the changes that we are seeing. And wait for my post on Ycombinator Startup School experience ;) All of you have asked me what’s going on behind that signup screen, in those group :P

SlickAccount: A simple online accounting & profitability software for your small business
Hundreds of small businesses from India, Austrailia, Philipines, USA, UK are using everyday.
Obtain a 14day free trial.
By Olivia Goldstein

5 Avoidable Accounting Mistakes Small Business Owners do

For small business owners, accounting errors will happen every now and then, but many common accounting mistakes can be avoided. You can save time and money for your small business by avoiding the common mistakes small business owners make when keeping their accounting records and using SlickAccount. Follow our easy tips to not only save your company time, money, and headaches, but also give you a competitive advantage in the marketplace with more streamlined operations and better customer satisfaction.

Continue reading 5 Avoidable Accounting Mistakes Small Business Owners do

SlickAccount: A simple online accounting & profitability software for your small business
Hundreds of small businesses from India, Austrailia, Philipines, USA, UK are using everyday.
Obtain a 14day free trial.
By sanmaya

Everything you should know about your balance sheet

Your company’s balance sheet is essentially a snapshot of your company’s health. Balance sheets are broken down into three main components: assets, liabilities, and equity. It tells a lot about your company’s finances – how much you own (assets), how much you owe (liabilities), and how much is invested (equity).

Continue reading Everything you should know about your balance sheet

SlickAccount: A simple online accounting & profitability software for your small business
Hundreds of small businesses from India, Austrailia, Philipines, USA, UK are using everyday.
Obtain a 14day free trial.
By sanmaya

Dreams and realities are just complete dedication away.

SlickAccount: A simple online accounting & profitability software for your small business
Hundreds of small businesses from India, Austrailia, Philipines, USA, UK are using everyday.
Obtain a 14day free trial.
By Olivia Goldstein

5 Marketing Musts for your Small Business

It’s really tough to get your small business up on its feet. However, there are marketing fundamentals every business should adhere to early on. Regardless of whether you are running a salon or a small internet business with a few employees, there are some marketing musts that need to be followed. Whichever vertical your business is in, marketing is one way of ensuring you get the coverage you need to raise your profile and enable success. Continue reading 5 Marketing Musts for your Small Business

SlickAccount: A simple online accounting & profitability software for your small business
Hundreds of small businesses from India, Austrailia, Philipines, USA, UK are using everyday.
Obtain a 14day free trial.
By sanmaya

“…. I have learnt one thing is that … even with reconnaissance, preplanning and the good opinion of the men closest to you, victory always comes down to a will to win. Now that will to win has to start at the very top …”

–MacArthur, from Tokyo Trial

SlickAccount: A simple online accounting & profitability software for your small business
Hundreds of small businesses from India, Austrailia, Philipines, USA, UK are using everyday.
Obtain a 14day free trial.
By Olivia Goldstein

Which pricing model should I use?

Developing a smart pricing model should be an ongoing exercise for companies. In many markets, consumers will search for a better product or service until the marginal cost of searching exceeds the marginal benefit. Likewise, companies will develop a long-run pricing strategy that considers market conditions.

Continue reading Which pricing model should I use?

SlickAccount: A simple online accounting & profitability software for your small business
Hundreds of small businesses from India, Austrailia, Philipines, USA, UK are using everyday.
Obtain a 14day free trial.
By Olivia Goldstein

Your First Sales: 101

Closing your first few sales is very difficult for many startups. They say you essentially have to “buy your first customers.” While it is important to gain valuable feedback from your clients and produce solid case studies for your future customers, you also want to consider your startup’s runway. Here’s a few quick, essential tips to set you on the path to profitability.

Continue reading Your First Sales: 101

SlickAccount: A simple online accounting & profitability software for your small business
Hundreds of small businesses from India, Austrailia, Philipines, USA, UK are using everyday.
Obtain a 14day free trial.
By Souvik Choudhury

What startups need:  A to-do list 

I was wondering lately, over an hour; but only to my thoughtless spending. What makes a few startups stand out from the crowd even being in the same genre. People would arguably be content to saying and settling for notions such as they were lucky to have found an investor or having their godfather in the business and many more. How fair is it to dismantle your competitor’s ethics in a speck of imperfection? There are exceptions and exceptions are going to remain. But most importantly, it’s the smallest of things that you do that counts for a larger goal. Simply demeaning other’s without considering their struggle is a common mistake that we make.

Continue reading What startups need:  A to-do list 

SlickAccount: A simple online accounting & profitability software for your small business
Hundreds of small businesses from India, Austrailia, Philipines, USA, UK are using everyday.
Obtain a 14day free trial.
By sanmaya

How to be a high performing employee and entrepreneur

NB: Read if you are a Student or Entrepreneur or Professional in a company.

For a very long time I have been thinking and practicing about how to improve people’s ability to be successful and in a way learning. It has always occurred to me why when a good tool or process is given to a good candidate result in higher output, but even better tools and processes fail for bad candidates.

The primary thing we all know is interest. But once that’s achieved you still suffer from bad output. Then I come across is intensity of interest. Then the motivation and gain of the intensity of interest. But still it was hard.

Then recently I concluded, everyone is missing some core things that they need to know to leverage and intensify their speed towards becoming the better self. The followings are key essential human characteristics that need to be correctly identified and practiced:

1. Motivation
2. Problem solving 101
3. Responsibility, Objective clarity and ownership
4. Science and engineering of successful networking and practice to leverage daily.
5. Effective Googling (Or, you can say effective way of asking question and finding answers)[because if you can’t google correctly you get garbage :P ]
6. Emotional intelligence (a basic average here is still good)

Each of these points have many broad steps if practiced will work really fast in your favor.

I think these foundations and principles of getting successful should be taught to entrepreneurs, professionals, students and even normal people in their curricula. Even Superman had Kryptonite :) These are actually not difficult and can be taught and practiced easily.

So I have started sessions for our employees weekly. In future I’ll conduct this in colleges we normally get interns and hires from. We hope we can get people who already practiced and acquainted in these processes.

We’ll continuously post things on our blog and what we discussed here each week. Please do subscribe to our blog to get the email notifications when we post new things. You can find the subscription form here: http://eepurl.com/b0-UQL

 

SlickAccount: A simple online accounting & profitability software for your small business
Hundreds of small businesses from India, Austrailia, Philipines, USA, UK are using everyday.
Obtain a 14day free trial.