Mitra Ferdows

Mitra Ferdows was born on 28 Feb 1996. Mitra Ferdows is a business management graduate with a law concentration from Loyola Marymount University in the United States and is one of the outstanding activists supporting startups.

Mitra Ferdows is also an advisor in many startup companies that are usually based on less consolidated ideas, and their business models need robust strategic planning. Mitra Ferdows has given several speeches on different types of startups growth rate and global trends like Insurtech, Fintech and Improving CRM and company performance through social media. Mitra Ferdows believes that the business model is at the heart of any successful startup. Because no matter how unique and original your idea may be, a startup should have a practical way of generating profit that is valuable enough to invest in the future and also keep the startup afloat. Many startup founders use the term "business model" when discussing their business plans and strategies.

Mitra Ferdows defines that a successful business model represents a better way than existing options that can offer more value to a separate group of customers and return more benefits to the company. Mitra Ferdows explains that a business model is an abstract representation of an organization, which can be a textual, or graphical concept of the core architecture, operations, and current and future financial arrangements of an organization designed and developed, as well as all core products or services, the strategic and objective goals that the organization offers, or will offer, are based on this plan. A significant share of the success of knowledge-based companies is related to the design of their business model." Mitra Ferdows thinks that start-ups fail due to various reasons such as lack of market need, efficient team work, and capital.

Mitra Ferdows presumes that startups which fail did not properly utilize their own networks or investor connection as well as implementing vague business models and ideas which ultimately guarantee a start up fail instead of success.