THREESIXTY’s Post

Building a business is like raising a child. The first few years are full of growth spurts, stumbles, and breakthroughs that shape the business's future forever. Today marks the 4th anniversary of BloomX Business Solutions and just like watching a child grow, it’s been a ride full of discoveries and milestones. From starting out as three founders Anuj Patni, Karan Batra and me, with big dreams, we’ve grown into a team of 70+ passionate individuals committed to pushing boundaries and creating impact. When we launched BloomX, we were like proud parents, nurturing our newborn company through its infancy. The sleepless nights, the constant juggling, the excitement of every tiny milestone… and, of course, the uncertainty of navigating uncharted territory. Just as a four-year-old child moves beyond simply walking and talking, gaining confidence, exploring their environment, and forming meaningful connections, BloomX has done the same. We’ve found our footing, understood our strengths, and built relationships that form the bedrock of our business. We’ve grown curious, tried new things, and dared to take bold steps. We’ve stumbled and made mistakes, but we grew a little stronger each time we got up. Standing here, we’re more aware of our identity, purpose, and potential. For new entrepreneurs out there: Think of your business as a child. The first four years are when you set the foundation. It’s not about achieving perfection; it’s about growing, learning, and evolving every day. Each challenge is a lesson; each victory is a stepping stone. By year four, just as a child starts asking more profound questions and thinking creatively, your business will begin to explore more meaningful possibilities. You’ll start seeing things differently, understanding not just what you do but why you do it. BloomX started with three founders and a dream. Today, as we celebrate our fourth anniversary, it’s not just our company that’s grown, we’ve grown as leaders and collaborators. To every startup founder reading this, nurture your venture with patience and passion. The journey is unpredictable, but the growth, resilience, and transformation are worth every moment. Here’s to the incredible journey so far and the exciting path ahead! 🚀 #BloomXTurns4

Beyond the Limelight: The Silent Success of Small Businesses When we think of successful businesses, our minds often jump to the flashy startups, tech giants, or trending brands dominating the headlines. However, if we look beyond the limelight, there’s a different story being written—a story of small businesses quietly amassing wealth, far from the public eye. These businesses may not be household names, but they have found a way to thrive in their own unique niches. Whether it’s a local bakery that’s been serving the community for decades, a bespoke tailoring shop known only to a select clientele, or an online store selling handcrafted goods, these enterprises have something in common: they’re quietly making a significant amount of money without any fanfare. The Power of Niche Markets: One of the secrets to the success of these small businesses lies in their ability to serve niche markets. By focusing on a specific product or service, they can cater to a particular audience with precision. This targeted approach allows them to build a loyal customer base that values quality over quantity. These businesses often rely on word-of-mouth and repeat customers rather than expensive marketing campaigns. Their growth may be slow and steady, but it’s also sustainable, built on the foundation of trust and community engagement. Financial Success Without the Spotlight: The financial success of these small businesses often goes unnoticed. While they might not be making headlines or attracting venture capital, they are quietly building wealth. The owners of these businesses are securing their futures, paying off debts, investing in their communities, and sometimes even surpassing the earnings of more high-profile companies.

Great article for budding entrepreneurs - or aspiring CEO's? It poses a great question - to buy an existing business "Less sizzle, more steak" or start a business from scratch. If you buy an existing business can you self-fund or pursue search funding? I have 3rd and fantastic idea - let's find business owners who want to retire. I'll find them a great CEO to grow their business. Maybe that CEO can structure their contract for eventual ownership. Less sizzle, more steak? Find me a business owner who wants to retire. Let's talk. https://lnkd.in/eTKQHS2d.

Young founders shouldn't have to wait until 40 for success The conventional wisdom tells us the best time to start a business is when you're young - when you have nothing to lose and minimal responsibilities. But here's the reality backed by data: • A 40-year-old founder is 2.1x more likely to succeed than a 25-year-old • First-time founders only have an 18% chance of success • The average successful founder is 41.5 years old young entrepreneurs dreams are statistically stacked against them. The current startup ecosystem favors experience over energy, wisdom over willingness. This doesn't have to be our reality. We believe there should be a model that: Empowers young founders with the wisdom of experience Provides structured support systems Levels the playing field regardless of age E11evate ⭐️ We're working on a new approach that combines: • The energy and innovation of youth • The wisdom and experience of seasoned entrepreneurs • A structured support system that increases success rates Young founders can access the knowledge and support they need to succeed just as often as their older counterparts. There is a clear shift happening...

Every year many entrepreneurs start their business hoping to succeed. But lots of these start-ups end up as a tremendous failure. Even though the exact ratio is unknown, it's still relatively high. So, what are the reasons behind this failure? Let's have a glance. 👀 🔅 Failure to attract investors: Attracting investors is quite a tough challenge for any new start-up. Market situation or the seeming lack of demand for the product may reduce the capacity to secure investors. 📉 🔅 Inability to qualify for financing: If financial institutions and investors perceive the start-up as a high-risk project, then it may not be qualified for financing, causing failure to access funding and shine. 🔅 Delays in revenue generation: Due money coming late to the entrepreneur causes cash flow problems, ultimately resulting in start-ups struggling to meet financial obligations. ⏰ 🔅 Poor financial planning: Inability to plan in advance may cause significant financial loss. Not having proper ideas about expenses and money reserve may also make you believe you have more than you actually do. 💸 🔅 Excessive spending: Many among the new entrepreneurs have this tendency to make their start-up look successful. For this, they end up spending money on different things to an extent that crosses the line. These are just money traps founders should be careful about. ❌ So, what are YOUR thoughts about it? Please let us know in the comments. 💭 Also, don't forget to like and share. Thank you! 💞 #Startupsuccess #LSBD

Old Age: The perfect time to start a business. When we are young, we have little to lose and can take risks - a great time in life to take an entrepreneurial risk. But we may lack experience, networks, and capital, and have nothing to lose. But when we are old, we have experience, a network, perhaps some capital to invest, and no time to waste. We also might have a sense of purpose and the wisdom gained over decades to never waiver in our focus on the customer and the design of our businesses. In my experience, business later in life is an absolute pleasure - something we 'get to do' rather than 'have to do'. Will we see a boom in older entrepreneurship? Some young-old partnerships? #worldentrepreneurday #olderentrepreneur https://lnkd.in/eRgT99Gu.

Entrepreneurship Journey at 45+: It's a Family Thing I began my entrepreneurial journey at the age of 45, unaware of the impact it would have on my family. As a single-income household with limited funds and recently completed home EMI payments, the journey was interesting. At the time, my elder daughter was in class X and my younger one was in class IV. Here's a glimpse into our experience: - To save money, we downsized to a much smaller apartment and lived there for four years. In a world where "wants" often surpass "needs," we shifted completely to a "need-only" mindset. Although the change was initially awkward, we adapted over time, and our family's perception of money significantly evolved. - The business took time to gain traction, leading to prolonged periods of anxiety and uncertainty. My family supported me through these tough times, developing their own understanding of the entrepreneurial journey. While I no longer discuss business at home as frequently as I did in the early days, I now engage in deep conversations on various topics with my wife and daughters, valuing their insights as they have experienced the journey alongside me. - As I worked on building business, there was significant impact on the time I spent with the family. While it has improved a bit, I don't think it can go back to my professional days (where weekends were always for family). - My wife, a food blogger, has carved out a niche for herself in the industry. These days, our home conversations revolve more around food blogging than consulting. - Both of my daughters have developed a keen interest in business. They chose commerce as their field of study instead of the usual subjects. My elder daughter from the age of 19 assisted me as an analyst, and my younger one started building some of our business ecosystems when she was just in class 7. The elder one is now preparing to become a consultant, while the younger one seems poised to become an entrepreneur herself. I believe that things would have been different, had I not started as an entrepreneur. I started with "Sameer" being the focus and it dawned on me much later that entrepreneurship is completely a "Family" thing. While my family has no stakes in the company, they are fully invested into it emotionally. www.thedigitalfifth.com #fintech #digital

This is such an inspiring story, Sameer! It's amazing how your entrepreneurial journey at 45 turned into a true family adventure. Downsizing and living on a "needs-only" basis sounds challenging, but it's fantastic that it led to a shift in your family's values around money. The open communication and shared experience must have created a strong bond during those uncertain times. The impact on family time is definitely a relatable struggle for many entrepreneurs. But on the flip side, it's incredible how your journey sparked such an entrepreneurial spirit in your daughters! Their interest in business studies and even helping you build ecosystems at such young ages is truly impressive. You're absolutely right, entrepreneurship is a family affair. Even without official stakes in the company, the emotional investment and shared experiences create a unique and powerful dynamic. Thanks for sharing this glimpse into your journey, Sameer. It's a fantastic example of how taking a leap of faith can have a ripple effect that extends far beyond your initial vision.

🎉 Happy Small Business Week! 🎉 This week, we celebrate and support the backbone of our economy – small businesses! 🏢💪 From local mom-and-pop shops to innovative startups, small businesses bring uniqueness and vibrancy to our communities. Let's take a moment to recognize their hard work, resilience, and the impact they have on our lives. Small businesses are the heart and soul of our neighborhoods. They provide personalized customer service, create jobs, and contribute to the local economy. By choosing to shop small, we can make a big difference in supporting these passionate entrepreneurs and their dreams. 💙🛍 Whether it's your favorite corner cafe, the cozy bookstore you love to browse in, or the boutique that always has the perfect finds, let's show some love to these small businesses that make our communities shine! ✨ Share your favorite small businesses in the comments below and tag them to let them know how much you appreciate their hard work and dedication. Together, let's celebrate Small Business Week and continue to support these incredible ventures! 💼💗 #SmallBusinessWeek #SupportLocal #ShopSmall #SmallBusinessLove #CommunityMatters