Cracking the real world takes more than textual knowledge. How does one solve on-ground problems that arise when you are building a startup?
This is where panel discussion comes into the picture. It is an effective tool for people in the startup ecosystem in India. In this blog, we have discussed the impact of the panel discussion and how it is helpful.
What Is A Panel Discussion?
First, let’s start with understanding what panel discussion entails. In a panel discussion, a group of experts (mainly from the same industry) discusses various topics. The topic of insightful discussion can range from the latest trends, challenges, changing trends, debate, or more. The primary goal is to discuss and learn from industry leaders. An individual, a facilitator, handles the flow of discussion and nudges it on track if we ever lose control.
This panel discussion happens in front of an audience. The audience can ask questions and get answers or suggestions from the experts, thus facilitating a fruitful and insightful conversation. In the startup world, the audience consists of business people, founders, investors, and other mentors.
Why Panel Discussion Matters In Startup Ecosystems in India?
There are several reasons why panel discussions matter in the startup ecosystem in India. The following are a few ways they can help budding entrepreneurs in India.
Bridge the Gap
The panel members selected for the discussion are industry experts. They have years of experience and knowledge to share. They know the ins and outs of the industry and how to tackle certain situations. Thus, new entrepreneurs or any entrepreneur can learn from them. The panel experts have an insightful conversation about trends, challenges, and possible solutions to any roadblock. It helps young entrepreneurs navigate the gap from failure to success.
It is essential to know that they were once new, too, learning to overcome uncertain roadblocks. While they may or may not have a problem similar to yours, they can help you with some suggestions.
There are a few things to get the most out of attending a panel discussion. First, choose the type of panel discussion you’re attending wisely. Attend a discussion that adds value to your skillset or is insightful. Once you’ve decided on which panel discussion to attend, learn about the panel members and the possible topics. So, you know what to expect and prepare questions if you have any.
Industry Trends
The panel discusses the industry’s recent happenings and estimated future trends. The experts on the panel and the facilitator explain the past, current, and future trends. The discussion then leads to an in-depth analysis of the trends and a little debate among them. It helps budding entrepreneurs understand how to analyze and interpret the data. Thus, not only do they learn the current scenario, but also learn how to handle upcoming changes and trends.
Inspiring
Growing a startup is not a walk in the park. It is a journey of difficulties, uncertain turns, and steep climbs. When experts or industry leaders share their stories, it motivates the new startup founders to trust the process. The knowledge that someone else has faced similar or other difficult situations and how they overcame them can inspire them.
Networking
A diverse group of individuals attend a panel discussion. More importantly, the attendees are fellow entrepreneurs, investors, and businessmen. It offers a perfect opportunity for one to network with the right people. They can connect with fellow entrepreneurs to form meaningful relationships for the future and network with investors and experts to strengthen their current position and potential investment. One of the networks may turn into a collaboration in the future.
Valuable Insights
The panel discussion is a place where industry experts gather. Thus, it offers a perfect opportunity for entrepreneurs to get industry-related advice. This advice is more valuable than any generic one. A year’s worth of experience with a great understanding of the industry enables them to understand the complexity of one’s problem. So, one can get relevant and impactful advice. Generic advice is crucial, too, when you need to manage a startup.
When the panel is taking questions, attendees can ask questions or present their areas of difficulty, helping them and many others in the audience.
Resources and Policies
Often, policymakers and government officials attend the panel discussions. They have first-hand knowledge of market difficulties. The officials can explain specific policies that benefit entrepreneurs in more detail. Entrepreneurs and experts can influence its betterment when discussing certain policy drawbacks.
The policymakers also explain the value of the resources and how to use them efficiently. Thus, the startup founders learn how to use the resources for maximum profit.
21BY72 is all set to conduct the panel discussion in Surat. It is a startup event in India that offers startup founders and investors opportunities to gather in one place. The attendees are from around the globe, and they are looking for global insights. The summit has a pitching program, stalls for startup exhibitions, expert speeches, and insightful panel discussions. So, book your seat for this global startup event in India to learn, network, and collaborate.
Conclusion
Panel discussions are a crucial part of the Startup event in India. It intends to discuss the market trends and challenges and share expert knowledge with the attendees. The attendees include startup founders, other mentors, and investors. The panel discussion is a crucial part of the startup ecosystem in India for entrepreneurial development. The panel discussion can reduce the knowledge gap between the new and experienced founders. The insights and advice shared in the discussion become helpful for the new entrepreneurs to learn and adapt. The stories of the panel members can motivate the new founders to keep up the efforts in adverse situations. Policymakers and government officers often attend these events. Thus, a direct exposure to the drawbacks or problems of the entrepreneurs. It can lead to improving or forming government policies for entrepreneurs or an industry.
FAQs
1. Can I participate in the panel discussion?
The organization setting up the panel discussion selects its members. You
can attend the panel discussion and ask your questions or present your point to the panel for further discussion.
Does the startup ecosystem in entrepreneurship development matter?
Yes. The startup ecosystem in entrepreneurship development is of great importance. The ecosystem provides resources and support for entrepreneurs to learn, upskill, and raise funds to grow themselves and their startups. We can boost entrepreneurial spirits among the startup founders
to excel in their work.
Can I ask questions in a panel discussion?
Yes. The panel discussion first focuses on explaining and discussing specific
trends and problems. Later, it is open to questions from the attendees to gain insights and suggestions and hear about the problems of the startups. They provide helpful advice and suggestions to help one learn and grow.
