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What is Innovation Accounting?

Hey everyone! In the previous blog, we discussed the Build-Measure-Learn Feedback Loop . However, we didn't dive deep into Innovative Accounting. In today's blog, we are going to explore the fascinating world of Innovation Accounting. We've already grasped the concept of a successful company's feedback loop. In that it's necessary to check whether our efforts to tune the engine of growth are bearing fruits, in other words, whether we are making progress or not. In the traditional methodology, companies use outdated accounting to check progress. However, the startup world is too uncertain for Traditional Accounting to work effectively. To solve this problem, Innovation Accounting comes into play. To understand the concept of Innovation Accounting, we must know the difference between Traditional Accounting and Innovation Accounting: Disclaimer: If you want to understand this fully, I strongly recommend to check my previous blog* Traditional Accounting: In the conte...

The Scret Behind The Successful Unicorns!

Hey everyone! Give me a quick favor that share this blog to your friends, family members, read the entire blog and leave a comment because to write this blog, I had to research so deep and it costs me around 1 month to gather the knowledge from distinct books, articles and from internet, and I had to compile that all knowledge into one blog with easy vocabulary.  So, let's start:  At the core of most startups is a force that transforms ideas into products. As customers interact with those products, they generate feedback and data. This feedbacks are both qualitative and quantitative ( how many people find it useful and how many people find it unuseful). The products of a startup are really experiments.  These experiments help them to learn about how to build a sustainable business and it is the outcome of those experiments. For startups, information is more expensive than money, revenue, sales, etc. Because it can influence and shape the next idea of the startup in ...

Decoding The Whole Concept of Supply and Demand!

Hey everyone! Today's blog will be fascinating! In this blog i will make you interpret about the whole concept of Supply and Demand.        Have you ever wondered why the price of petrol and other commodities fluctuate? Ever wondered why is the production high and demand low, vice-versa? Have you been bewildered about the Law of Supply and the Law of Demand ? You are at the right place! So, let's break these questions into simplest way: What is Supply and Demand? "Supply is the amount of a specific good or service that's available in the market. Demand is the amount of the good or service that customers want to buy." To understand this statement, you must know what a Market is? Market is place where Buyers and Sellers meet to exchange goods and services. Markets are based on Voluntary Exchange ( the act of buyers and sellers freely and willingly engaging in market transactions ). So, this is all about Supply and Demand. What is the Law of Demand and the Law o...

Why Can't Government Print an Unlimited Amount of Money? How Money Works, Exchange Rates, and the Global Dominance of the US Dollar

Hi! Everyone . Have you ever wondered what is the reason that the Government is not ending poverty by printing money? Why is the value of some countries more and some countries less? Who decide this? In 1947, 1 dollar was equal to 1 rupee. Today, 1 dollar is equal to 83 rupees. So, why this happen? Countries are trading in US dollars in place of gold. Why in US dollars and not in other currencies. Let's break down these questions in simplest way:  Why Doesn't the Government Print More Money to End Poverty? Imagine if the government could print extra money and give it to people. You might think this could help to end poverty, but there is a problem. Money represents the value of things which we can buy, like toys, food, and houses. If we print too much money without making more of these things, the value of money drops, and prices go up. In a simple way let's understand with an example. If you want to sell your second hand mobile phone. Suppose, you keep the selling price of...

Why The Whole Banking System Is A Scam?

Hello everyone , It has been a while. In this blog, I'll explain how the entire Banking System is a fraud. Here is why?               A lot of people in India and even in other countries deposit their money in banks, but they are not aware that the money they are depositing in the banks is going to be lended by the banks to another person. This system is called Fractional Reserve Banking which means banks can lend money they don't have and it is a criminal scandal that has been going on for too long. Also, we have counterfeiting sometimes called quantitative easing but by another name, the artificial printing of money which if an ordinary person did they would go to prison for a long period of time, but the government and central banks do it all the time. And also, we don't know the real cost of money because it's the central banks that manipulate the interest rates. And more importantly, we will talk about deposit guarantees ( but in India RBI run...

How Government Is Controlling your Mind?

Hi everyone, today i am going to tell you how Government is controlling your mind. Here's is how they control your mind. A lot of people believe that the government cares about them. But actually what the government wants is Slaves. Government would get slaves and make them work for free and build things that's slavery. They get people, make them build things for money but the government print all the money. If the government can create money as much they want and you will give up your whole life. You work all day for the government and at the end you get food in the house. Have you ever wondered why news channels provide free news, because the government doesn't want you to wake up. They will provide the news that will distract you. If you watch news, you have seen the Covid 19 Pandemic. News channels showed at that time that people are collapsing in the streets, ambulances running back and forth. But if i ask you a genuine question. Did you see the pandemic? No you don...

Failure is No More Than a Lesson

 Today in this Blog i am going to tell you about the  Failure and how failure is a lesson for us? Here's why. Have you ever failed at something? yes, we all have. Think about when you were a little kid and you were learning how to ride your bicycle. Your elders probably helped you a little but still, you had to learn it all by yourself. You fell multiple times from your bicycle and then picked yourself up and tried again and again until you made it. Everytime you failed you didn't lose your hope, you didn't complaint, you just got up back and tried again. Failure is no more than a sign. Not a sign you are stupid. It's a sign you are doing something stupid. Let's take a example that you are preparing for your exams and You are doing your best to get better grades. But you don't get good grades. Obviously, this hurts you but you should not let it affect you. Remember the bicycle example. This is exactly the same thing, it only means you need  to improve. Don't...