In last Blog I have given idea bout 1000 Days Business Principles , It may help you in Prepare Business Model for you New startup. Today I written here about My opinion about JIO .
JIO stands for Joint Implementation Opportunity, JIO India is an LTE (Long Term Evolution), mobile network operator.
Reverse of JIO, will get OIL, As we observe Mr.Dhirubhai Amabani and Reliance industries always make a profit in Crude Oil Business. – this is just observed things, nothing more.
Mr.Mukesh Ambani is Always known as a login visionary Business entrepreneur. Few years back they have a clear vision of the importance of DATA in Telecom Industry, they prove him self as “Game Changer”.
They know, Data will play the role of Fuel. like without fuel we can’t run the vehicle.
From the very first day, Mr. Mukesh Ambani prepare aggressive plan from starting to execute his dream, He has always believed “The first impression is key to get Massive success in a short time”
JIO Follow the “Loss Leading Strategy ”, means plan to book loss in a startup but try to get a huge customer audience and then after getting benefit once you have targeted audience in your pocket.
The challenge for JIO to Sustaining :
- Sustaining on Market Leader in Telecom Industry
- The world is Changing Fast, Need to change and upgrade product clockwise
- Attract the Customer
- provide the products at the Cheapest price and King Quality.
- Establish The Strong Network
To learn :
- Should have strong planning, vision, and trust for success
- Should have Clear your target Customer.
- Think About Competitor loop fall.
- Design a Strong Product.
- Design a Strong Marketing Plan.
- Attract People.
- Become a king of your industry.
My opinion is to “learn from other’s mistakes and successes“, to get growth in a short time. Just follow other ideas and implement them in your business.