Know these special things before starting a startup
Today startup has become such a word that almost everyone must have heard it through one medium or the other. This new word has thrown countless people off the land, given millions of new jobs, made them rich and most importantly, solved the problems we face every day. A real startup is one that solves people’s problems and makes their lives easier.
Today there are more than 80,000 startups in the country, and 105 of them have become unicorns, unicorns are startups whose companies are valued at over a billion. So naturally you must be thinking about starting a startup at some point, so let’s try to understand today how you can start your startup.
How to get a startup idea
This is the first and most important stage in any startup, the better your idea, the better the startup is, yes, let’s say here that just having an idea does not guarantee a successful startup. A better idea requires a better problem, that is, the bigger the problem you solve with your business, the bigger its chance to grow.
So first start looking for surrounding problems, problem can be anything, for which people can’t find solution by themselves, then your idea phase starts from here, that is, problem itself is the first step of startup. In today’s age of technology, if you are solving problems through technology, the option to extend it increases a lot.
Do lots of market research
The idea then starts, gathering information about it, the more information, the better the startup, start to see if there is already a solution to this problem, if so, what is missing, or who has produced it in previous companies. , collect information. From people, know what problems they face, and what your solution excites them, yes, here it is also important to know whether people are willing to pay for your solution or not?
Create a mentor
I have found this very special in my startup experience, many times it happens that you fall so much in love with your idea that you can’t take any right or wrong decision about it, say Na Pyaar Andha Hota Hai, So Here You Must Ekni will need Mentors, make your mentors people who come from the startup world, who can tell you what not to do, we tell you that knowing what to do is just as important as what to do in business. what not to do
Organize the funds
It is said that 95 percent of startups don’t see their second year, there are many reasons, but proper use of funds and planning is a major reason, I have seen many people quit their jobs and start startups, but most of them fail within a few months. . Later they are employed again. In any startup, you must have at least 2-3 years of fund backup, if you are employed, then think how your business will function if there is no income for the next 2 years, make a plan. .
Since getting funding and investors in a startup starts much later, you have to do your own planning before that. Today there are many such schemes from the government which are working to support startups, don’t forget to read about them.
Being a good co-founder can be your strength
It’s not impossible to run a startup alone, but if you don’t have a good co-founder and a good team, it’s impossible to grow it, many people make mistakes here, they want to do everything themselves, and after time your startup stops moving. done or new ideas stop coming. Startup is a lifestyle, it has to be lived every day, you need crazy people like you, who believe in your ideas and are full of energy. As a founder, finding and enabling such people should be your main focus.
So come, if you have an idea in your mind, start it, because it is better to play by yourself than to sit in the stadium and clap for others, because every defeat and victory gives you a new experience.