test your business creativity with edition 61 of our quiz!

side sparks, the weekly quiz from your story tests your domain knowledge, business acumen and lateral thinking skills (see previous edition here). In this 61st edition of the quiz, we present problems faced by real-life entrepreneurs in their startup journeys.

What would you do if you were in their shoes? At the end of the test, you will find out what the entrepreneurs and innovators themselves have actually done. Would you do things differently?

Check out YourStory’s Book review also a section, with samples of over 340 titles about creativity and entrepreneurship and our weekend PhotoSparks section on creativity in the arts.

Q1: Surgical assistance

Maintaining accuracy during operations is a major concern for surgeons, and hospitals also need such skills at scale. Some types of surgery are quite routine and common. How can technology help in such situations and in what ways?

Q2: Speed ​​and scale for video

The growth of video content for e-commerce is a major trend driving online retail, and digital gaming is also witnessing a significant boom. What technology can increase the use of such media and how will it affect other sectors?

Q3: The first step

Finding a problem worth solving is the first step for an aspiring entrepreneur. The solution must also resonate with the needs of other potential customers. But launching a startup is about more than focusing on the problem – what else is key at this stage?

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Q4: Business success

Business success can be measured in terms of sustainable profits and customer satisfaction. Brand uniqueness and investor interest are other measures. But there are other success factors beyond financial metrics: where else does success lie?

Q5: Sources of funding

Impact investment and government support are key to ensuring that the social sector thrives and environmental goals are met. Development agencies also play an important role here. What is another important source of funding to ensure social and environmental goals are met?

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Answer!

Congratulations on making it this far! But there’s more to come—answers to these five questions (below), as well as links to articles with more details on entrepreneurs’ decisions. Happy reading, happy learning, and happy creating!

A1: Surgical assistance

“Advances in motion control technologies have allowed surgical assistance robots to become more precise. Such robots help surgeons and doctors achieve high levels of accuracy and speed while performing complex surgical procedures with computer vision and AI-enabled technologies,” explains Vineet Aggarwal.

“Robotics are also used in laboratories and hospitals for repetitive tasks, rehabilitation and physical therapy, and to assist patients with long-term illnesses,” he adds. Read more here about how robots are also pre-programmed to perform common orthopedic surgeries.

A2: Speed ​​and scale for video

“With 5G driving the consumption of video content, live trading will become more common and e-commerce platforms will host more such sessions during the festive season and during regular periods,” predicted Amit Relan, co-founder of mFilterIt.

“There is a consensus among the 5G community that cloud gaming is an immediate opportunity for consumers in the 5G era,” he adds. Read more about the impact of 5G on influencer activity here.

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A3: The first step

“To get into any business, it’s very important that you like that business, know about it and have some passion for it. Otherwise, it becomes very difficult for a first-generation entrepreneur,” explains Ashish Anthony, co-founder of pet care startup JUSTDOGS.

When he was leaving his corporate job, Ashish was considering what to do next in terms of starting his own venture. He picked what he was good at, for which he also had a market gap: a selection of pet products. Read more here about the founder’s journey in pet food and accessories.

A4: Business success

“The impact that women entrepreneurs from the hinterland have had in creating jobs, training and livelihoods for other women in their region shows that the success of a business is not just about the financial numbers, as we are often led to believe,” explains Vishwajyoti Ghosh, co-author of “WE Mean Business – 20 Women Entrepreneurs, 20 Stories”.

Businesses have a wider impact on the communities and environments in which they operate. The wider social and environmental impacts of business, especially social enterprises, should also be considered. Read more of the stories of 20 entrepreneurs here.

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A5: Funding sources

“CSR will play a key role in India achieving the Sustainable Development Goals (SDGs) by 2030 and achieving net zero emissions by 2070,” explains Anas Rahman Junaid, MD and Principal Investigator, Hurun India.

“The cohort of senior and young tech entrepreneurs has the potential to play a critical role in meeting the country’s social sector funding requirements,” he adds. Read more about the importance of altruism and philanthropy here.

YourStory also publishes the pocketbook “Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups” as a creative and motivational guide for innovators (can be downloaded as attachments here: apple, Android).