Is Moonlighting ok or not?

Moonlighting ok if no conflict of interest and with transparency

Moonlighting refers to an employee involved or engaged in secondary jobs/activities besides being on-roll in a company. These are mostly done to earn a secondary (or multiple) stream(s) of income besides the regular salary. The big debate is, should it be allowed or should it not be, though there are justifications to both sides of this story.

The supporting point is that employees undertake these activities after their office hours and/or over the weekends. In my opinion, in today’s world, the lines are blurred with reference to work life and personal life. It has further diminished over these last couple of years with a large part of workforce working remotely. In such circumstances it is difficult to ascertain whether or not these works are actually done over the weekend or does it interfere in the regular works; it is tough to implement a robust monitoring mechanism with no transparency on such activities. Besides, employees can get distracted and it can dilute their focus at work.

At the same time, I do support the secondary stream of income, provided there is no-conflict of work/company’s interest. If the same/similar works are performed with the company as well as with others (can help with skill enhancement) then work ethics will be a bigger challenge to address and so should be avoided. However, an IT professional can perform music/arts over weekend as a secondary income; a manufacturing professional can coach students preparing for professional exams, and likewise. That way the balance of personal and professional life, and financial aspects as well, can be balanced effectively. You can also read the article here:

Startup Expert Shyam’s Exclusive interview to Bizz Buzz

In an interview with Bizz Buzz, Shyam Sekar S (Founder of Startup Xperts) shared insights on startup world and the support to build a better ecosystem.

“Startups don’t need gyan, 360-degree support to scale up is the key”

The ecosystem needs to be built in India considering the 360-degree support that is required at various stages of creation, developing, building, mentoring, funding and scaling-up of startups by budding entrepreneurs, feels Shyam Sekar S, a business growth enabler, virtual CMO and digital marketing and startup expert. A product of Malaviya NIT, Jaipur and Harvard Business School, Shyam Sekar, a well-known Startup Mentor and Virtual CMO, is the Founder, Chief mentor, at Startup Xperts, a business growth and consulting company. In an exclusive interview to Bizz Buz, he says the present ecosystem needs a lot of changes to encourage innovation among youngsters”

Top 10 Tips How to do Business in Difficult Times? – Startup Xperts

There is enough negative news in the media and that’s what sells for them in improving their TRPs!

Be cautious, be responsible, and take precautions; but don’t get into negativity; shut your negativity door as otherwise that will shut you!

As business owners, entrepreneurs, you will need to rise above the situation as your employees and the world around are looking forward to it!

In these tough times businesses predominantly look at these 2 choices

  • Close down operations and save cost or
  • Press pause button and wait for things to change on its own!

Either of these 2 choices can kill your business.

  • But then there is a 3rd choice, that can take your business to higher levels even during this lockdown period!

Here are 10 Powerful tips, to know what businesses can do in these tough times!

Do you recall – how businesses emerged stronger after every big problem that the world had seen? Remember the dot com bubble in early 2000, the financial crisis during 2008-09 period, and impact of it in India around 2012-13. See this as yet another business opportunity that presents itself before you – with another chance!

  1. Discuss with your Business Consultants / Business mentors and Build solid business strategies and execution plans; revisit to see how it can be made smarter and better, if you already have one done recently
  2. Do some research – understand current market, customer, competition and trends in more detail which you possibly might have done long ago
  3. Innovation. Usually innovation gets bracketed to Intellectual Property or Patents. But then, anything new, that adds value to your customers and to your business, doing things differently that makes better sense for business growth is innovation too!

This is the time to do……

Innovation in sales and marketing strategy, product development, branding and packaging, building customer experiences, etc.

  1. This is the time to analyse and understand what went well and what did not work for your business. Time to do TDR (Tear-Down-Reengineer)
  2. You can look at Training the customer teams wherever required for them to improve performance
  3. Monitoring the execution to identify gaps and areas of improvement
  4. Finding right Leadership material. Tough times will help identify the grains from the chaff as to who stands tall and go that extra mile for the benefit of organization and customers
  5. On operations front, spends that was unnecessary will now pop up in front of you; essential spends and investments will be looked from a different perspective; time to bring in lean-startup principles if not already practiced before
  6. Most importantly, drive your strategic marketing initiatives. Prepare your collaterals, marketing materials; practice your pitch and fine tune your sales.

Time to create that brand recall!

Digital marketing for startups and small business, is a great way to showcase products and services. You now have Google (SEO, SEM); social media (SMM) platforms like Facebook, Instagram, LinkedIn, etc. which wasn’t the case in your previous recessions and tough times in economy! So, time to Take your brand digitally to your customers — and your business deserves that!

  1. Accelerated technology adoption is the key to survive.
  2. Use SMAC – Social Mobile Analytics and Cloud to enable your business better and smarter

In short, this is the time to Invest in your business!

As we all know — Tough times don’t last forever, but tough people do!

Business owners, entrepreneurs – Make the best use of these tough times.

Reach us in case you need any help or support in any of these!

Need to build Startup Businesses & Startup Ecosystem

India from being the 4th largest startup in numerous the world back in 2015, did exceedingly well to become the No. 2 Startup ecosystem in the world (as reported in the Government’s Startup India website). Investors were upbeat in 2014-15 and heavily betted on numerous startups, many missing out on fundamentals of businesses. Over the next couple of years, the tremors or moderator due to those bad investment decisions. While some investors multiplied many times, those and startups lacked basics had to shut down or scale down or relook at their business model.

The shakeup has indeed made investors wiser and startups too are turning smarter. There seems to be a up swing once again, with a lot of opportunities popping up constantly. But then are we building a sustainable ecosystem in the process is a question I have been asked in numerous events and conferences either as a speaker or panelist or moderator. Thought it’s best to highlight some brutal facts which is essential to build successful Startup Businesses!

First let’s look at how a Startup ecosystem needs to be created that is scalable, sustainable and can contribute to the growth of our economy.

An ecosystem means inclusive; one that supports each other across all aspects that are required for the Startup Businesses to succeed. As we all compare how SiliconValley has been a startup success showcase, we need to pick those intrinsic attributes that’s behind the working. To a greater extent Bangalore (Bengaluru) has developed many of it, though not inexact line and scale of the true Silicon Valley attributes but it did have a lot of tick marks, which helped Bengaluru to fuel the growth of startups. Yet another interesting take is of Chennai, which has succeeded in the global scale as a SaaS city. It has over $billionvaluation across companies, and the down or majors are Zoho and Freshdesk, besides another 100 startups in different phases or scale of operations.

There has been a good initiative from the Central Government few years ago, and things many startups have registered under this umbrella and taken benefits right from collateral free loans, to certification, etc. Though the expected scale can be much larger as the potential to grow is humongous. I would say, not just the Central Govt.but even the State Government(s) too should take up necessary initiative and support the startup businesses to build a sustainable startup ecosystem.

The recent initiative Patna Ideathon 2018 from the Govt. of Bihar and Department of IT, was an event well organized and planned – be it scale and quality. The push right from the Chief Minister, Dy. Chief Minister and IT Secretary can be clearly seen as they realized that Patna has missed out in the development scale and had aglorious past; now that with this initiative they are trying to create a startup ecosystem, and I am glad to have been part of this mega event as a Jury for the shortlisted startups (about 36 in numbers, I guess).

  • There has be incubators and accelerators, and not just real estate business of co-working spaces making money without adding value to aspiring entrepreneurs and startup founders.
  • Ecosystem should be mentors spread across specialization right from business, to finance, to operations, legal, etc. who can lend their helping hand to startup businesses.
  • Investors, financial institutions, banks, to understand the specific demands, challenges, and nuances as to how startup businesses work and provide support through financing them at the right time, and at the right stage. This is easy said than done, as most find it difficult to evaluate the right startups and whether or not and how much to fund (considering their risk appetite).
  • Media should be showcasing those startups and in numerous not become a big paid media activity, to garner eyeballs. Then the fundamentals of building a and startups thwarted. Genuine startups need to be identified, highlighted as they too need the right visibility to build.
  • We also need a community that can help startups when faced with specific challenges or when they seek advice. This way, right at even an ideation stage, the aspiring entrepreneurs, startup founders need not reinvent the wheel for solutions which has either not worked, or not having the desired market opportunity.
  • Support from Government to ensure that this is awell-oiled engine, through ease of process, transparency, and regulations, and showcasing intent in building this startup ecosystem.

Jobs cannot be created by the Government (as their employees) to the extent of what’s required for billion plus population here. Neither the large corporate would be able to provide these jobs for all those seeking employment, every year. It is those micro, small, medium enterprises (MSMEs) and Startup businesses that can help solve this big challenge, and the need of the hour is to ensure that we build a sustainable ecosystem that’s built on strong fundamentals.

Look forward to your views, and happy to play a part in whatever way we can!

Russian Investments in Indian Start-ups

There is an upward trend in the growth of start-ups and young entrepreneurs in India today. Bubbling with fresh and novel business ideas, the current generation view start-ups as an increasingly lucrative option as an alternative to employment in a corporate. Metros incl. NCR, Bangalore, Mumbai, Pune, Chennai, and many other cities are seeing this boost with a lot of start-ups surfacing and these numbers are growing every year.

Many young graduates nowadays seek out to running start-ups, instead of hunting for mundane 9 to 5 jobs. This phenomenon can be due to various reasons. The current generation (the Gen Zs, Millennials) are more daring and willing to take risks. They seem to be more accountable for their actions and wish to be their own boss. Moreover, running a start-up allows them to have more exposure to the outside world, our economy and business environment, and well they also get a chance to involve themselves in social entrepreneurship and building network of contacts.

The funding climate in India has turned out to be favourable for various start-ups, as the government has come up with a number of start-up schemes to facilitate development and growth of entrepreneurs in their businesses. The government has classified start-ups according to their nature and scope of business and has allocated funds for these enterprises to build and grow. Want of capital is one of the bigger causes of a startup failure.

India also has a huge amount of foreign investment into start-ups in India, providing for a conducive start-up ecosystem for entrepreneurs to work in. Countries like China, United States of America, Singapore, Hong Kong, Russia, Japan, and United Kingdom have been active investors in start-ups in India today.

Many start-ups in India have benefited and built their businesses significantly through these foreign investments, which reinforces that Indian start-ups have a promising future ahead of them. This gives foreign investors the confidence and incentives from Govt. to invest in Indian start-ups without much of a thought/concern. Investments into Indian start-ups by foreign countries will also mean that investing countries will have certain incentives provided to them, like relaxed immigration rules and discount on manufacturing components, to engage in competitive pricing in the consumer market. With a population the size as equal to China and incredible economic growth potential, it is not surprising that foreign countries love to invest in Indian start-ups as well other fast growing sectors in India.

India is facing a maturing start-up ecosystem since 2015, and the start of movements like Digital India and Startup India have certainly helped accelerate their growth pace by bringing in awareness which was an essential component in transformation of thought process. Indian start-ups have started to be more adaptive to the global business models, making it easy for foreign investors to pump money into India, channeling it to the start-up sector. The ever-increasing amount of acceleration programmes, incubators, social networking events and academic training in business management has allowed for more college students and graduates to step up and embark on a start-up journey and venture into the business world, as they are confident that these programmes will help their start-up to be on the right track to build their entity. Most start-ups have technology-based services as their core, as India is heading towards a digitalised economy/society that depends heavily on technology-based services, like E-commerce, E-healthcare, etc.

Having mentioned the source of foreign funding flowing into the pockets of startups to scale up their businesses to the next level, Russia has been playing a pivotal role in accelerating the economic growth of start-ups in India, and it stands as one the major investors in this startup space.

Russian contributions to providing investment funds to start-ups in India has been on the rise lately, and seem to be benefitting big time through investments in businesses like OLA,, Flipkart, Snapdeal etc. Majority of Russian investments are towards technology-based start-ups that have the ability to scale and addresses a bigger pain point of the consumers here. Also the government is taking steps towards moulding India to be a massive manufacturing hub, that can further fuel the growth of startup ecosystem in the manufacturing space too, in India.

Another start-up sector that Russia invests in is the E-commerce space. A reputed Russian corporate venture Sistema, has invested in the healthcare start-up space. One of them is healthifyme. It has announced that Sistema has provided funding of over US 12 million dollars. Sistema has also channelled US 14 million dollars into the healthcare start-up Netmeds.

Sistema is also looking at investing into Indian start-ups with its US 50 million dollar Asia fund. It has said that the US 50 million dollar fund is going to be invested solely in India because it can see a lot of potential for Indian start-ups to grow. The funds are likely to be invested into technology and consumer retail centred Indian start-ups.

Russian independent investor Yuri Milner has also invested in many Indian start-ups, like OLA, Flipkart, and Swiggy. He has pumped in a massive amount of INR 10,800 crores into these start-ups. With the increased usage of cabs, online shopping platforms, property sales and food deliveries, Yuri Milner feels that these Indian start-ups that he has invested in can bring in a great value more so because these start-ups have identified the rising trends in transport, shopping, property and food preferences in India today.

Another Russian billionaire Leonid Boguslavsky has invested into the E-commerce start-up sector in India, because he finds a very big growth potential in the e-commerce market, as it possesses the capacity to transform the usual placement of shopping malls in major cities only, and reach out to all consumers out there through the online shopping platform. This validation comes at a stage when the usage of smartphones and the internet has been increasing in India tremendously over the past few years.

This explains why Russia wants to venture into funding start-ups in India because Russian investors can see high quality and high potential growth in India due to its expansive consumer base. Thus, it will be definitely a big boost for Russia in its investment returns. The ever increasing demand and need of over a billion population, the dynamic changes in demographics, are motivating factors for Russian investments into India.

Russia is known for its anti-virus software, security and encryptions systems that are top-notch. India will experience a tremendous growth in mobile networking and application development businesses if Russia collaborates with start-ups in the field of information and technology. A majority of investments made by Russian entities are into start-ups offering software solutions/platforms that can benefit the larger masses. Technology firms in Russian can invest in Indian startups, as they can leverage each other’s strengths thereby benefiting both countries in this process.

While it is clear that India offers a tremendous opportunity for Russia for it to invest in this startup space, it is equally important to identify worthy and capable start-ups with innovative ideas. Though there are a number of incubators and accelerators in the country, that field is still undergoing transformation, as most of them are a mere ‘co-working space’ – providing space by leveraging their real estate and making a revenue model out of these startups. Very few do go beyond and provide mentoring, business support, tech support and network/connect with investors etc. Therefore, it will be a good idea for Russian investors to collaborate and form alliances/partnerships with start-up business consulting firms in India, to facilitate in identifying potential start-ups that are investment worthy and one that can add value to all the stakeholders. Indian startups are still evolving and fine tuning their business models, and with right partners Russia can certainly tap into the early stage startup ventures as they can be unicorns at some point in time. This is a great time for startup ecosystem that’s seeing great momentum in India. Time to see Russia’s investments too in this space grow with accelerated pace!

About the author:

Above article is contributed by Mr Shyam Sekar S, Chief Mentor and Strategist, at Startup Xperts Business Consulting Pvt. Ltd., a business consulting and a digital marketing firm supporting startups and small and medium business to accelerate their growth. Startup Xperts has been featured as the emerging company of the year by Silicon India, 2014. Besides, Shyam has been featured as Most promising Digital Marketing consultants in Aug 2016, and Most promising Business Consultants in Oct 2016. As ecosystem partner for CII-Startupreneurs, as a Mentor with EDII (Entrepreneurship Development and Innovation Institute) and as Judge/jury/mentor for numerous startup events including the IIT’s, Shyam is actively involved in building the startup ecosystem.

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