Founder of App Startup Sparks Shares Their Top Insights
Last Updated: By TRUiC Team
Any entrepreneur can tell you, launching a startup is a learning process. Therefore, one of the best things you can do prior to launching a startup of your own is to learn from those who have blazed the trail. Ankit Nayal, founder of app startup Sparks, shared valuable insights during our interview that will inspire and motivate aspiring entrepreneurs.
Business Insights From the Founder of Sparks
What is your #1 piece of advice for startup founders?
“You miss 100% of the shorts you don't take. Try, and try hard before admitting any kind of defeat. They are all learning lessons.”
What is the best method you've found to avoid burnout as an entrepreneur?
“Working out. It is the foundation that helps me push myself every day. I get up every morning, work out, and then get to work.”
What is your advice for coming up with a unique startup idea?
“Identify the daily pains in your life. Write them down. Then research into which have a big enough market and not enough competition.
For example, when I go to the gym I have problems with scanning the QR code for the gate. Then I go to buy water from the vending machine, but the machine is pretty laggy. When on the gym floor, the music choices suck. Then I have to note the weights down on my phone notes. A couple of ideas here:
- Faster QR check-in SaaS for gyms.
- Vending machines that are automatically linked with an app on my phone from where I can request water even before being close to the machine.
- Spotify
- App to track my weights/machines which I can log in to and track my weights.
Just a bunch of ideas which come out of observing the processes in my life.”
What is your advice for overcoming challenges and failure?
“Treat failure like a stepping stone, and it never deters you. I try to modify my thinking around failure, and that helps me deal with it better.”
What is the biggest lesson you learned and what can aspiring entrepreneurs take from it?
“The biggest lesson is that if you never ask, you will never get. A lot of times a smile and articulate expression of your wants (with value attached for the other person) will get you a long way!”
What is your advice for entrepreneurs seeking funding for the first time?
“FOMO exists everywhere as founders. But also as investors. Always remember that.”
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