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Intuit India mentor startups at TiE smashUp!

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Abhigna
New Update

NEW DELHI, INDIA: With the recent surge of startups entering the business arena, Intuit India, provider of business and financial management solutions for small and mid-sized businesses has announced its support to the startup community in India for TiE SmashUp! event in New Delhi.

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It is an initiative of the TiE, a global organization that provides a platform for mentoring, networking & education, to entrepreneurs and professionals, said a company release.

"Intuit's vision is to be a small business champion and we aim to support the small business community and the startup ecosystem, by being part of TiE SmashUp!," said Nikhil Arora, VP and MD, Intuit India said,

An initiative like SmashUp! gives a fillip for the startup community to get to the forefront and gives them an opportunity to network with possible stakeholders which in turn is a plus point for both parties, said Arora.

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Addressing uncertainty startups face Nikhil Arora "Startup is a physical entity that works under extreme conditions of uncertainty. To reduce uncertainties always start with the key problem you are solving for your customers, if you get the problem right then, you can always tweak the solutions. That is the key thing for a startup to build a good business model."

The SmashUp! had an array of informative and interactive mentoring sessions, investor meetings and startup showcases for the entrepreneur community.

Emphasizing on real customer experimentation, the key to get the business model right, Nikhil advised budding entrepreneurs and said, "The best thing to get the right business model is to step out of the office and test the model with real customers. Start with the ideal product or service and test it out to improve."

"Test it in real situation. But fast since there is limited cash and bandwidth," he said.

The session had over 150 entrepreneurs and the panel had a chance to address the audience and also answer their questions.

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