Pranesh Chaudhary, Founder and CEO of ZunRoof, shared his experience around importance of unit economics for startups with young entrepreneurs. He was speaking at the youth leadership summit, part of the 3rd Smart Cities India 2017 Expo, one of the five expos part of the “One Mega Event“. Launched in 2015, and hosted by the India Trade Promotion Organisation (ITPO) & Exhibitions India Group, this Mega Event aims to develop attractive, safe and smart cities that evoke pride, passion and a sense of belonging among citizens.
Key points from Pranesh Chaudhary’s speech:
- Firstly, new businesses should aim to be profitable on a unit scale. Focus on revenue and profitability, not just growth
- Businesses need to offer a product that solves an essential problem for customers to be ready to adapt it
- Entrepreneurs should have a clear idea of how to achieve this and listen to customer feedback
- Finally, technological advantages will help you take the lead over competitors
One Mega Event is the largest trade show and conference of its kind in the country to attract industry experts and leaders from the city, government and community to share their views and proposals to make cities more sustainable, efficient, transparent, and, above all, enhance the quality of life of its residents. From ground-breaking start-ups to blue-chip multinationals, companies from 40 countries unveil the latest in technology products.
Prime Minister Shri Narendra Modi wrote a congratulatory message to the Exhibitions India Group for hosting One Mega Event 2017. “Our Government’s urban development initiatives are aimed at creating state-of-the-art urban spaces. Whether it is the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) or Smart Cities Mission or Pradhan Mantri Awas Yojana Housing for All (urban), the welfare of our citizens is central to all initiatives”. Furthermore, he added, it is commendable that the event provides a platform for interactions on various aspects of urban development. “Such a forum will help industries and policymakers to learn from expertise of each other and explore latest technologies.”
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