At the Global Startup Summit 2024 in Chennai, Mr. Shyam Sekar, Founder and CEO of Startup Xperts, shared his expertise on the critical balance between innovation and profitability. He highlighted the importance of setting specific budgets, timelines and milestones for innovation, regularly assessing progress and maintaining a clear distinction between short-term and long-term goals.
Mr. Shyam also emphasized driving innovation in business models, customer experiences and growth strategies, while encouraging collaboration with other brands to amplify impact. He underscored the need for startups to pivot before scaling and stressed that while innovation may involve challenges, maintaining a clear path to profitability is essential.
The event, skillfully organized by CA CS Mohit Sureka and moderated by Divya Chandrasekaran, offered a dynamic platform for fostering growth and actionable insights for startups.
