National Startup Day 2023: Quotes and Wishes to Share for a New Business

NATIONAL STARTUP DAY 2023: While interacting with over 150 startups, Prime Minister Narendra Modi last year announced the commemoration of National Startup Day on January 16, every year. As the backbone of the country and its economy, the Department for Promotion of Industry and Internal Trade and the Ministry of Commerce and Industry has marked an entire week as National Startup Week from January 10 to 16.

It is dedicated to bringing awareness toward the growing business sector as well as to equipping the younger generation towards making entrepreneurship their primary career option. This year marks the second commemoration of the day.

Motivational Quotes from Business Leaders

Nishith Rastogi, Founder & CEO of Locus

National Startup Day is a reminder of the boundless potential of entrepreneurship to create employment, drive meaningful innovation, and enable strong economic growth for the progress of our nation. Being an entrepreneur myself, I am extremely grateful for the tireless support extended by The Government of India to the ecosystem.

It motivates entrepreneurs to pursue relentless innovation with grit and determination. I believe the government’s visionary initiatives, such as Digital India, are ideal launchpads for Indian entrepreneurs to keep pushing boundaries to make a difference.

We at Locus promote a culture of entrepreneurship and innovation for good that empowers young guns within our organization to apply and file for patents. By doing so, we want to support them in their commitment to solving challenges of the global last-mile logistics industry”, said Nishith Rastogi, Founder, and CEO, of Locus.

Krutika Lal, Co-Founder & CMO, Aretto

The startup ecosystem has seen a shift from skepticism to nationwide adoption in the past decade, and we are now entering a new phase of exponential growth as e-commerce, digital payments, and data democratization continues to shape the future of business.

It has blossomed into a thriving community where collaboration and support are at the forefront. New designs, innovations, and ideas are constantly emerging and the audience is more open than ever to embracing local, homegrown startups. Together, we are growing as a unit and propelling the future of entrepreneurship.

Jitendra Chouksey, Co-founder & CEO of Fittr

PM Narendra Modi’s announcement of National Start-Up Day to holistically support startups through ideas and guidance has given assurance to aspiring entrepreneurs like us. Embarking a day to startups educates individuals about our critical role in the economy.

The support and motivation that we have received from the government have helped us utilize our profound knowledge to our full potential & thereby enhance public health and fitness solutions through our services and scientifically backed nutritional education tools around the globe.

It has also enabled us to tap into our indigenous resources and create employment for many people. We hope our government continues to support young entrepreneurs and the startup ecosystem by believing in their vision.

Chetan Rexwal, Co-founder of Ekank Technologies

“The year 2022 was a year of realization for startups. On one hand, we witnessed the size of startups increasing rapidly, and on the other hand, we witnessed dried-up funding due to a major ‘funding winter’ amid a decline in investor confidence. The future of startups would be more about how startups can identify problems or core areas that have remained untouched from an accessibility perspective, and grow that using tech in a sustainable manner.

In 2023, we can expect startups to be more focused on profitability and unit economics, which is an economically sustainable and profitable business model. Unit economics will help them to understand whether the investment made in acquiring a customer is returning any marginal profit, and if so, how much and or how fast it is going to be.”

Harsh Pokharna, Cofounder and CEO – OkCredit

Start-ups in India are playing a vital role in structuring the overall ecosystem of the country. They are expected to contribute to 4-5% of the GDP as per reports in the next three to five years. With over 60,000 registered startups, the country needs a robust mechanism to enable growth and acceleration amongst the overall startup ecosystem.

The National Start-up day is a testimony of the strength the ecosystem brings to the nation. It displays and celebrates the tremendous talent India has to offer, and this is of paramount importance. We also believe the year 2023 will witness many women-led companies.

By taking a digital-first approach, start-ups offer unique solutions to tough problems across industries. Technology has been used creatively to support businesses, improve processes, and streamline operations .By generating several new job opportunities and revolutionising many industries, the ecosystem has helped us penetrate pristine regions with innovative technology.

The Startup20 initiative announced during the G20 initiative is a step in the right direction to facilitate the necessary collaboration. While we have made significant seventh anniversary of the Start-up India initiative, we still have a long way to go and the government’s intentions and actions to do so are encouraging. It is also essential for the start-ups to collaborate and seek guidance and mentorship from other experienced entrepreneurs.

Manu Rikhye, Partner, Merak Ventures

The start-up ecosystem, in 2022, was a significant driver of economic growth in India with entrepreneurs solving global problems, while building in India. India has developed a rich start-up eco-system with policy support, investor attention and a zeal for innovation. At the same time, Bharat has been an untapped and underserved space when it comes to the startup ecosystem.

The pandemic forced a shift in this, with tech talent forced to move back to their hometowns, which are pre-dominantly Tier 2,3,4 cities. Having worked in startups, with the knowledge and relationships to build businesses, and attract capital, led to an increase in the number of entrepreneurs in these cities. Today, tier 2 & 3 cities are the home ground for nearly 50% of recognized start-ups in the country, testament to the fact that there is tremendous opportunity in these regions. Jaipur, Ahmedabad and Indore alone saw 45 deals in 2022, compared to a total 39 deals from all Tier-2 cities in 2021.

Entrepreneurs who are solving real problems will naturally gravitate towards Bharat, with metro markets witnessing a growing saturation. A recent BCG report revealed that 50% of online shoppers are located in small cities and this is anticipated to reach 60% by 2030.

Solving local problems & providing solutions at scale in diverse sectors such as healthcare, education, home-grown, agriculture, etc., has also been a great help in the increasing number of start-ups from these parts of the country. With the upcoming 5G rollout, connectivity in Tier 2,3,4 cities will improve opening the door for tremendous growth potential for start-ups.

Here are some quotes and wishes you can share with the leaders of tomorrow:

Quotes

1. “Chase the vision, not the money; the money will end up following you.” –Tony Hsieh, Ex- Zappos CEO
2. “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” –Steve Jobs, Co-Founder, Chairman and CEO, Apple
3. “Don’t worry about failure; you only have to be right once.” –Drew Houston, Dropbox Co-Founder and CEO
4. “Any time is a good time to start a company.” –Ron Conway, Noted Startup Investor, SV Angel
5. “I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.” –Jeff Bezos, Amazon Founder and CEO
6. “Your most unhappy customers are your greatest source of learning.” –Bill Gates, Microsoft Founder, and former CEO
7. “I think it is possible for ordinary people to choose to be extraordinary.” – Elon Musk, Founder, CEO, and the lead designer of SpaceX
8. “If Plan A doesn’t work, the alphabet has 25 more letters.” – Claire Cook, Author
9. “A small business is an amazing way to serve and leave an impact on the world you live in.” – Nicole Snow, Wall Street Journal and USA Today bestselling author
10. “A big business starts small.” – Richard Branson, English business magnate, investor, author, and philanthropist

Wishes To Share

1. On this National Startup Day best wishes for your new business. May this business grow and bring success to your life.
2. Congratulation and good luck with your new startup on this National Startup Day. Wishing you all the success with your new venture.
3. This National Startup Day, I want to let you know that you have all the qualities to become a great business person. I have only good wishes for you as you’re all set to enter a new world of success!
4. People like you who are honest and hard working can really change the wicked business practice of today’s world. I wish you all the best for your new venture!
5. Work hard to earn money and be honest to earn people’s respect. These are the two qualities that will take you to the top. Good luck with your new business!
6. Your new business venture is a bold step toward your dream. I admire you for that. Wishing you more power and passion to reach your goals this National Startup Day.
7. Sending my best wishes for your new business. I hope this business gets you a lot of success and fortune.
8. On this National Startup Day, good luck to you as you move on to the next stage in your life without a doubt. You will continue to have success in all areas!
9. I’ve always believed you were meant for greatness. Good luck with your new business.
10. The journey you start today has lots of opportunities and lots of risks, but as long as you keep your faith in yourself, nothing can stop you from going ahead. Push your limitation always and give your best. On this National Startup Day, I want to wish you all the good luck in the world.

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