In a current scenario when volatility in market persists, the pace with with traditional technologies are

becoming obsolete, Startups face many risks, but some of them can be avoided through proper strategic
planning. Regularly review and revise your plan to keep up with a fast paced, ever changing world.

1. One of the key aspects in starting a new startup successfully is having devise a strategic plan in
place. This helps company determine their direction, plan for future, identify opportunities, and
anticipates issues. This also aids company in many ways like staying ahead of competition, and
make better business decisions. Thus it becomes very crucial to understand where to start
2. It all starts from having a Vision. What do you want your company to be like three to five years
from now? Be specific. What will you have achieved? What will your competitive advantage be?
What will your culture be? These probably would the be the very first questions you would
want to answer too, if you are planning to start a startup
3. Next we have identify our strategies by which we could cut clear our roadblocks and
achieve our mission. These strategies could be possible projects, initiatives, events, etc.
The kind of corporate Collaboration you want to get into, the kind of positioning you want
to create about your brand, identifying POD's that you could create. Creating specific
strategies for all such roadblocks
4. Next in line would come the implementation part, where you go ahead implementing the
strategies you have formulated. What would be your areas of focus in the first year,
What specific, measurable, action-oriented, realistic, time bound steps to be taken?
Looking at the overall plan we have to consider whether the timing seems feasable and
whether anyone has too much on his or her plate. Scheduling regular follow-up
meetings, and review and revise your plan each year.

Submitted by Group 7

Ruchin Dwivedi

Deekshant Rekhi

Ravi Jha

Vaibhav Chabbra

Prachi Garg