Startups-PACE

The success ratio of the startups is very poor.

As per various expert research across multiple industries, it is found that around 80% startups shut down their businesses within 2 years and around 50% of the left outs will cess to exist within 5 years from their inception.

The key reasons identified for the startups failures are

• No market requirements
• Fail to attract enough customers in the market segment 
• Higher customer acquisition and customer service cost
• Lack of cash-flow management
• Pre-matured or matured products / services being offered 
• Lack of investment capital 
• Poor marketing and promotional activities
• Lack of industry knowledge and common practices
• Defeated due to stiff competition

Although it is quite apparent that the startups failure is quite high but it is also a fact that the startups which are succeeding are doing somethings entirely different. 

Startups which are constantly working on understanding the typical entrepreneurial approach, exploring specific strategies fitting in their unique system of business, timely catering the market demands, work developing a lean organization while properly managing it’s cash-flow etc. bettering their chances of success and growing exponentially.

We provide consultation in four broad area of business where the big corporations belong… 

1. Validate your market through consumer analysis 
2. Operational consulting support for successful business model development
3. Work with you to build a lean organizational approach
4. Personalized coaching for leadership, team building and binding and entrepreneurial mindset.
5. Preparing you for Fund raising to generate timely investments

iiConvergence is a management consulting firm which works with SMEs who are under-performing in operations and sales while aspiring for business performance optimization.