20-12-2023

Entrepreneurship is a challenging career, specially if you do not have business experience or financial education. So the idea to start a business looks lucrative though its not impossible but difficult to make it a success without any help. Getting the help to grow the business with systematic approach and financial knowledge along with other business parameters every entrepreneur needs the support of an Incubation center.

Startups does not mean a business which is just started but it also includes some businesses which are upto 5 years old. Incubation typically means giving support to a new business who needs not only the funds but also mentorship from experience professionals in every different aspects of business. Usually startup incubation centers for startups are designed to provide them with workspace, mentoring, training and seed funding.

Do you know why 90% of the startups fail (globally) ? As every startup is initiated by a an entrepreneur who has thought of a product or service from his point of view without any market research and would be facing many difficulties like lack of product market fit, competition of MNC’s, marketing problems, team problems, financial problem, tech problems, operational problems, legal problems an many more. To over come this problems some startups can get initial guidance from industry professionals with knowledge about their respective fields or some startups can join any incubation center for professional support.

As per the stats, today in India, there are approximately 80% of startups have not made it in last 5 years approximately with a number of 127500 startups fail every day. Still the success rate of startups in India is much higher as compared with global market i.e. number of recognized startups in 2016 was 452 where as the number have increased to 80,012 in 2022. This clearly defines the support that any India startup gets through various mediums.

To boost this startup journey in India there are several incubation centers online and offline available and also may industry professionals work as a consultant to a startup. We at Funding Musketeers have tried to be innovative in helping startups with a team of industry professionals from different fields that every startup needs i.e. Finance, Funding consultant, marketing planning, business strategy, technology, operations, production and many more. We create a group of people who belongs to above mentioned profession under the name “Funding Musketeers” and help the startup against low equity.

As we at Funding Musketeers understand that there are various startups who are not yet recognized neither have reasonable funds to share for getting any expert industry professional. Even they may have lost any opportunity to be selected in any incubation center or do not have any funds to be a part of paid incubation center. Startup facing any above issues does not mean that their product or service is not up to the mark but its just about getting the right opportunity at right time. So here is the solutions for every startup for getting the best mentorship or seed funding from Funding Musketeers.

– Jigar K. Parekh I Founder Funding Musketeers

Entrepreneur – Startup Counselor – Investor – Author – Psychology Counselor – Hypnotherapist – Business Coach –

The Waterproofing industry in India.

“Problem is not the solution but lack of awareness”

Waterproofing is very important part during or after any construction. Waterproofing is carried out during the construction to improve the quality of construction. All Waterproofing chemical manufacturing companies have two different lines of activities i.e., B2B and B2C. B2B business is the supply and apply of chemicals during new constructions and B2C is the business where supply and apply of chemicals are during repair and rehabilitation of old buildings / structures.

It is been observed lately across India that the market is dominated with only few big MNC’s through their elephant size advertising and marketing activities and due to which they succeed in creating a brand recall value among the end user in B2B and B2C business. As the consumers do not have any technical knowledge about the products and their applications, there are various issues what they face after any waterproofing application they have carried out. There are also consumers who would not be interested in carrying out waterproofing surface treatments for cost savings during new constructions and that is due to lack of awareness that up to what extent the structure can be damaged in short period of time.
As there is lack of awareness about the product and its application among the consumers, they are mainly dependent to choose the right product for their requirement through the contractors / applicators who are not from any company but are just interested to provide the application service without any technical knowledge. All these applicators who may be associated with any Waterproofing chemical brand who are providing them better rates for the material, so they are always ready to promote the said brand to their customers.

Looking at all the above working practice by big brands and their so-called authorized contractors enjoy the monopoly business without providing any transparency to the customers or providing any technical knowledge to their customers about the product and specialized application for respective surface. As the customer creates the blind faith on the brand due to their brand recall value and low application cost by contractors, the customer is least bothered to even read any document like Warranty document/ technical product specifications / etc. before they select the brand or appoint a contractor for application. For E.g., No. 1. Mostly all the manufacturing companies provide the warranty for waterproofing up to 10 years but that is only for the material cost and with reducing balance % of cost every year and there is no warranty related to application cost. E.g. No.2. There are several companies who are promoting an elastomeric paint as waterproofing chemical through their advertising campaign, but the limitation of the product and
application is not highlighted during the campaign to mislead the consumers and start using this elastomeric paint across all the surfaces without having any technical knowledge.

There are lots of MSME and SME companies who are into manufacturing of waterproofing chemicals, might have developed much better-quality products and also designed some good applications for different surfaces with latest technology are having slow growth. The problem in the industry is not to find the solutions but to create the awareness among the consumers and training to contractors to create better quality constructions with latest available products and applications. For E.g. “Brick bat Coba” is the oldest form of waterproofing carried out while constructing a new terrace and which is been practiced till date across India not only in rural but urban areas. This brick bat coba have various disadvantages like 1. The thickness of brickbat Coba is around 125 mm to 150 mm which increase the dead load of the structure. 2. The maintenance and repairing which is required for the Brick Bat Coba is very difficult
and complex. 3. There are the chances of developing cracks in the Brickbat waterproofing due to its rigidness. 4. If the cracks develop then it is impossible to repair it and prevent the entry of moisture for a longer period of time. 5. The Construction of the Brick Bat Coba waterproofing required skilled workmanship because it gets affected by the climate variations and heavy rainfall.

We at Engineer Plus have developed some polymer-based products and designed an application with the same which can replace this system of Brick Bat Coba with just surface treatment on terrace and also comes with 10 years company warranty including product and application. This will also provide a life upto 25 years on surface with approximately half the cost of Brick Bat Coba. I, Jigar K Parekh – Executive Director along with Mr. Alok Bhandari – Managing Director at “Engineer Plus” a brand owned by Indore Colot Organics LTd. Since 1991 have been working towards development of this unorganized sector through a system driven approach by educating the consumers and channel partners with latest technology available in the market.

SOURCE : https://successinsightsindia.com/the-waterproofing-industry-in-india/

Engineer Plus a brand of ICO LTD. appoints Jigar K. Parekh as an advisor to the Board.

Engineer Plus a brand owned by ICO Ltd. appoints Jigar K Parekh as an advisor to the board on 18th January 2023. Looking forward to implement the new business strategies and also to spread it’s wings across the country, Jigar would be guiding and creating new systems for the company and also design some new revenue generating models for the company.

Engineer plus having largest variety of waterproofing award winning chemicals have been focusing across North and East India since 1991 under the guidance of founder Director Mr. P. C. Bhandari followed by creating innovation in business by Director Alok Bhandari. Now it’s the time to spread the wings across India with new products and services along with adopting new technology as a tool to drive the sales.

Jigar K Parekh, is an entrepreneur having experience in various fields like IT, Design, Marketing, Business Development, Sales, Training and much more with over 18+ years of experience in India, UAE and Singapore. Before being an entrepreneur Jigar have worked with various MNC’s in Marketing, Planning, Communication and design. As a hobby, Jigar is passionate about learning of human psychology and Hypnotherapy.  Jigar have also been an author of a book called “Psychology Tricks for Instant Success”. With all his skills, Jigar is all set for the company to develop new workflow for waterproofing applications through online system, designing new revenue models, creating and planning of brand development and positioning in this competitive market. Jigar would also be responsible to create the brand image by creating advertising communication for different states respectively. Spreading the wings across India after creating the first pilot system for Maharashtra, Jigar would also be inviting some more Investors for the company through private equity in future.

SOURCE : https://times-bulletin.com/engineer-plus-a-brand-of-ico-ltd-appoints-jigar-k-parekh-as-an-advisor-to-the-board-2/