Entrepreneur must keep burn rate low: Gurinder Singh

Source: The Hitavada      Date: 07 Mar 2017 09:42:22

Talking to The Hitavada on the sidelines of the AIRSWEEE workshop organised by TiE Women Nagpur Chapter, Gurinder Singh, CEO and Founder of Leanlex stated that every lady entrepreneur must create a business model. “The business model creates value for customers, it helps in solving problems.” She also noted that the business model helped in creating goodwill and generating money and making profit. She said: “A start-up must not run for money. While starting a business, on every little step, one needs money, we may not even realise the amount of money spent on unwanted things. An entrepreneur must be very creative to save money. Money coming must always be more than money going,” Singh said.

The corporate attorney and teaching entrepreneur with more than 10 years of legal experience, negotiating and drafting complex commercial contracts, overseeing and co-ordinating strategic transactions including mergers and acquisitions and joint ventures giving her success mantra said, “Keep the burn rate low, don’t run out of money.” She also noted that women entrepreneurs in other countries were getting more support than India. “In India there are more norms for women,” she said.