AI, funding, crafts: take a look at your corporation creativity with Version 221 of our weekly quiz!

Lateral Sparks, the weekly quiz from YourStory, assessments your area data, enterprise acumen, and lateral considering abilities (see the earlier version right here). On this 221st version of the quiz, we current points tackled by real-life entrepreneurs of their startup journeys.

What would you do when you had been of their sneakers? On the finish of the quiz, you’ll discover out what the entrepreneurs and innovators themselves really did. Would you do issues in another way?

Try YourStory’s Ebook Assessment part as nicely, with takeaways from over 355 titles on creativity and entrepreneurship, and our weekend PhotoSparks part on creativity within the arts.

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Q1: Tech management

Many entrepreneurs who’ve a deep understanding of their market typically lack the technical experience to translate imaginative and prescient into code. How can this hole be bridged with no full-time government rent?

Q2: Worldwide buyers

Regardless of rising demand, the instruments to make abroad investing really accessible merely don’t exist for buyers in lots of international locations. How can this problem be tackled?

Q3: Artisan markets

India’s artwork and craft sector helps hundreds of thousands of artisans, however many battle with irregular work, unfair pricing, low revenue, and restricted entry to markets. How can these challenges be solved?

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This fall: Meals, high quality, scale

The meals enterprise might be profitable and engaging, however ‘foodpreneurs’ want to concentrate to high quality and monetary sustainability. How can this be ensured for enterprise success?

Q5: From information to choices

Many enterprise groups have entry to information however can’t translate it into well timed motion. They’re additionally unable to leverage information to anticipate what might occur subsequent. The place is the entrepreneurial alternative right here?

Solutions!

Congratulations on having come this far! However there’s extra to return – solutions to those 5 questions (beneath), in addition to hyperlinks to articles with extra particulars on the entrepreneurs’ options. Joyful studying, glad studying – and glad creating!

A1: Tech management

Based by Shrihari Shastry, Ankit Anand, and Sonali Parate, Profound provides fractional CTO consulting and technical due diligence for buyers. They create know-how roadmaps aligned with enterprise targets, design scalable architectures, and construct and handle engineering groups.

The startup, which now has 25 shoppers, additionally provides contract-based, minimal viable product (MVP) improvement. Learn extra right here about its technical due diligence for buyers that covers code high quality, scalability of the tech stack, and the structure’s potential to deal with elevated load.

A2: Worldwide buyers

Based by Nitish Sahni and Sparsh Sharma, Paasa is a digital wealth administration platform to take away paperwork, simplify compliance, and supply Indians a single window to put money into international markets. They’ll remit funds (in {dollars}) through their native banks and switch funds to US accomplice Interactive Brokers’ account.

Paasa automates cross-border tax submitting and compliance, two of the largest friction factors that discourage Indian buyers from investing abroad. Learn extra right here about how such a platform provides entry to main international exchanges akin to NASDAQ and NYSE, together with markets in London and Switzerland.

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A3: Artisan markets

Many organisations are attempting to carry visibility and sustainability to artisans. Based by Priya Krishnamoorthy, 200 Million Artisans addresses the mismatch between conventional craft cycles and fashionable financing expectations.

Megha Phansalkar based Tisser Artisan Belief to help artisan clusters by way of long-term engagement moderately than project-based interventions. Learn extra right here in regards to the work of Vishpala Naik (Ekibeki), Noopur Kumari and Nilesh Priyadarshi (Kaarigar Clinic), Karthik Vaidyanathan (Varnam Craft Collective), Challenge Tarasha, and MeMeraki.

A4: Meals, high quality, scale

“We’re right here to ship a California burrito, like what you get in California,” explains Bert Mueller, founding father of India’s largest Mexican meals chain, California Burrito. “Substances are the essence of the meals. Should you can’t get them, you must develop them,” he provides.

Early errors within the first 5 years had been attempting to open too many shops too rapidly. “Additionally, we didn’t make investments something in advertising, which was not an excellent concept,” he provides. Learn extra about Mueller’s enterprise success suggestions right here.

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A5: From information to choices

Based by Vipul Prakash, FireAI targets the rising hole between information availability and real-time decision-making. It transforms fragmented operational information into clear, conversational solutions about why margins dropped or which area under-performed.

Enterprise professionals obtain fast, actionable insights in English, Hindi, and a number of regional languages. Learn extra right here about its predictive layer that lets groups ask forward-looking questions, and the way the startup now serves 157 prospects throughout India, UAE and Africa.

YourStory has additionally printed the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups’ as a inventive and motivational information for innovators (downloadable as apps right here: Apple, Android).