Thirukkural verse (in Tamil script)
அழிவதூஉம் ஆவதூஉம் ஆகி வழிபயக்கும்
ஊதியமும் சூழ்ந்து செயல்
Transliteration (in English)
Consider the loss, the gain, and the ultimate profit before undertaking any action.
Startup concept: Risk-Reward Analysis and Business Model Canvas
Explanation: This Kural emphasizes the importance of thorough analysis before taking action. It aligns perfectly with the concept of creating a Business Model Canvas and conducting a comprehensive risk-reward analysis, which are crucial steps in modern startup planning.
Tips for entrepreneurs:
– Use tools like the Business Model Canvas to visualize your startup’s key components
– Conduct regular SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses
– Develop financial models to project potential losses and gains
– Always consider the long-term impact of your decisions on the startup’s growth
