Lessons from Four Women Leaders If You're Dreaming of Launching Your Own Startup

So you’ve got a great business idea, a lightning-in-a-bottle eureka moment that can potentially disrupt the industry. But that’s just the beginning—great business ideas fall through the gaps every single day, while businesses that start out slow and steady with a well-rounded business plan manage to ascend the rungs of success over time instead. If you are looking to get in on the latter, it pays to take heed from the female founders who have stood where you are standing right now. Beyond the realm of academics, these are the lessons that only real-life experience can teach and here, they are sharing all that they know for transforming your dreams into your everyday reality. 

What you need to know about funding for startups

Successful startups are born with a good idea, but securing a stable financial investment can prove crucial for getting your idea off the ground. For direct-to-consumer beauty brand MyGlamm, which recently raised Rs 175 crores in funding, the key has been in developing a content-to- community business model which makes the brand more lucrative to investors. Ahead, co-founder Priyanka Gill shares her best advice for securing the right funding for your business.

Consider your options

Angel investors love early, interesting concepts—especially if the founders have domain expertise. Venture capital, meanwhile, is a good option once you have proof of concept and early traction. Bootstrapping your startup business, using personal savings or loans, is another option to be considered as well as approaching friends and family for early funding—however, it is essential to communicate that it can be a risky proposition.