A basic guide to launching a Start Up
Do you think that you have a great business idea, but don’t know where to start with realization? Don’t worry; I will try to explain how this process usually goes.
For starters, accept the fact that no idea (no matter how great it looks like) is not worth anything until you realize it. Turning an idea into a business is not a simple task. You should be prepared to face many obstacles and you need to be persistent and patient. Founding a startup is very difficult and only a small number of startups are successful. That’s why you need to be sure that you want this before you start the process.
It is crucial to determine what your goal is. If you just want to be independent and earn money, there are few other, easier ways to accomplish that. On the other hand, if you want to create something new, different and/or better than the existing, then creating a startup is the right move.
The good news is that you won’t need money in the beginning. Once you determine which and whose problem your idea solves, the first step is to test it — can it really be helpful and is it worth the effort, time and money.
You might think that you are the first person who has come up with such a solution. There is a small chance of that, but don’t let this discourage you. Most of the successful new businesses are actually upgrading and improving the existing solutions. Get what works well and see what you can improve.
It is very useful to describe the way in which you solve the problem. For example, the sentence — find the best pet shops in and around London — clearly states what does the web portal offering overview and search of the pet shops in the London area do.
Next, you need to develop the business idea. This is a chance to arrange and turn your ideas into a tool which will help you turn them into life. We all have many ideas in our head and that’s why we need to filter the best ones and create a concept on which we will continue our venture. You need to include key elements and aspects of the future business, what and how you will do this job, who are your customers, price etc.
Familiarize yourself with the market. Work on something that customers will appreciate. Don’t forget that the final goal is to make customers more satisfied and more successful because of what you had to offer.
Another common route is to assemble a team that will be dedicated to the business. If you feel like you do not have enough knowledge, many will tell you to find a co-founder. Most of the times, you will be led to find a technical co-founder. There are other risks and concerns that appear when you go this route, but that is for another post.
Finally, don’t forget to just get up and f***ing do it. It’s not enough to just dream about success: you must go and chase it.
Here is your to do for the week to get you going:
Do not think of any start up ideas. Focus on the problems that you face in your ever day life. What inefficiencies you are encountering? How are you solving those? As we discussed earlier in the post, this is a great place to start.
If you like my post, don’t be shy and follow me on Twitter . I have lost multiple jobs, and have not been able to find an industry I feel passionate about. It surely feels like I have now. I work for a Start Up called Dabble Lab and I am excited to share things I learn through this entrepreneurial journey. If you live in Tampa Bay, FL area, our Team is always glad to chat and discuss your start up ideas.