Brief about company, offerings and foundation of the company
Risks involved in business and way of addressing
Data / Code Security : Functioning of ERP : tested in 100 schools beta phase operations, improvements. Monetary: In a traditional model whereby the Company sells the ERP at a price runs a major risk of receiving the payment from the school and the trusties running it. In our proposal, we have eliminated this and instead shifted the source of revenue from advertisements and e-commerce from “all@me” (similar to facebook’s revenue model )
Most critical decision
Focus on Product development of ERP and “all@me” and not to engage the team in other activities (viz. website development, outsourcing the resources for short term) which could have otherwise bridged the finance gap for sustaining the company.
Some of the difficulties faced while building product/ solution
Finance ,Timely Input required from Schools and Resistance from schools to shift from manual to web based application
- Source of the Revenue (which is now addressed)
The events which led to the current development were all necessary and rationale. I do not foresee any better and different way to reach at this stage.
Lot of importance is given to below set of core values that is must to be part of this team .Integrity, Creativity, Can do attitude and Team players
Aligning the team with Company’s Vision so that each member facilitates to reach there and treating the team as owners.
Signing up a new customer is always been a difficult task for the start-ups. We strategically partnered with one of the renowned Educational Institute named City International Schools. City International is the group of 10 schools having affiliation with various educational boards like CBSE, ICSE, IGCSE and SSE. The Chairman of City International Schools, Mr. Nandan Dixit is on the board of directors of Tansar Solutions Pvt. Ltd.
Till now we haven’t really made any efforts for fund raising as our product was in the testing stage. But now as the product is completely ready and in the Go-To-Market stage, we are exploring the funding options primarily for escalating the IT infrastructure, marketing & promotional activities.
I had an opportunity to witness and experience an exciting journey in bringing an idea to reality, starting from a humble sole proprietorship to incorporating a private limited Company with a strong team of 25 Team members. During this process, was engaged in Recruiting, concept designing, development, financing, marketing, branding, interfacing with clients, testing the product to name a few. However the deliverables were always defined.
By keeping the focus clear, it is easier to connect the dots.
Microsoft : a software giant worldwide has developed products like windows operating system and Microsoft Office suite which are installed on the majority of personal computers around the world. I personally admire the way in which this company and its founder who build it along with the right friends at the right time in the history of personal computing to turn his thirst for knowledge into a viable enterprise in an industry that was still in its infancy.
Technical knowledge alone is not sufficient, applied Knowledge has value. Be insanely curious about advances in your field and other fields related to it—and explore how those advances might apply to your company’s products and services