Why do so many startups fail?
There are many different reasons why startups or companies in general fail. In my experience, however, I think there is no one single cause, but a constellation of mistakes or misfortunes that once combined can be fatal. Common causes include: - hiring! having the right people on board is key, a wrong hire can ruin a company; - cash! many entrepreneurs fail to anticipate or generally underestimate the cash requirements of their business; - infrastructure! here I am referring to execution infrastructure which may be as basic as billing system, IT, policies etc. I my experience, most startups neglect this areas as they focus principally on bringing their products to market and hope to figure-out the rest later; - product! sometimes great product simply fail the test of simplicity and consumers or customers simply walk away; avoid complexity in product design;- governance! another aspect commonly ignored by startups. Co-founers, board and advisers are key to the success of any venture. Choose wisely. - leadership! another key success or failure factor is the leader; management style is important. How do you treat your employees? how do you communicate, motivate and chart the course?- customers! most startups create products without a market or a problem to solve, and then spend valuable time and resources looking for the problem. Listening to the needs of the customer / market is very important. In today's 'Lean Startup', it is possible to come to market quickly with simple Minimum Viable Product, and study what works, and what does not, obtain feedback and iterate like mad..
What is the salary for Indians in Dubai?
Ashish Biyani has already answered this in detail. Though let me add few more points on it.There are 4 kind of employees lives in Dubai and i guess below kinda lifestyle you can maintainRich: I would consider a person / family who is earning more than 65K AED per month. In this level you can live good luxury life. You can rent /buy a villa, you can afford high end BMW and you can plan your future as wellUpper Middle Class: Monthly earning AED 35K to 60K: you can own rent/buy good 2 bedroom apartment, good entry level luxury car, good lifestyle, good food in 5 star restaurants and off-course can have money for yearly vacation probably somewhere in Europe.Lower Middle Class: Monthly Earning 15–30K : This class struggles to manage but can still rent / buy 1–2 bedroom apartment (7000–8000 Per month),good food and lifestyle2000–3000 PM), good car ford, Nissan Altima ( will cost youPoor/Labor: I don’t understand why they go there, normal earning of a labor in dubai is 1000–2000 AED per month and whenever you see them, you wanted to ask only one thing, please go back to own country. You might have better life there.Normal Cost of living in Dubai: Family of 2 adult and 2 children:House on rent : 7000 + Food grocery: 3000 + Car loan: 2000 + outside food: 1000+ other expenses 3000—- total 16000 AEDyou can live good normal life in Dubai if you monthly income is around 20K AED.
What was life like in the Soviet Union?
I was born in 1984 and spent my early childhood days in Moscow. I can’t remember I was suffering or miserable. Everyone had more or less same stuff back then - toys, look-a-like clothes, books etc. It was hard to stand out from other kids mass. Though it was fun times for a child, I remember strange things my parents did.First, queues and lines. I remember coming to grocery store with my grandpa one day where people used pens to write down numbers in line on hands in order to buy chocolate bars. That day we were number 202. Long line… There were no private business and all stores and services were government-run. So no need for any standards of client service or competition. Most of the places were dirty and stinky.Also I remember a closet full of vodka bottles - it’s sales were limited and people had to have vouchers to buy it (vouchers were issued monthly by count of family members INCLUDING kids) . So vodka was kind of a currency for a while. I clearly remember my mom paying for a cab with vodka bottle.Also I remember lots of drunk people literally lying on the ground close to liquor stores on warmer days. For older kids in my neighborhood it was even a game - to catch a drunkard and make fun of him - undress, or put dogs shit in his pockets.But still I was feeling safe and happy and more or less we lived normal life.