What is a startup?
The startup is the basic company or a project managed by the person or group of people as an entrepreneur to develop and validate a scalable business model by keeping trust in yourself and the people working with you.
Basically the startups are very risky as implementation of the creator’s idea must be full proof and innovative which users or customers should love. One should have a good business plan and appropriate funding. It is surrounded by full of failure.
What makes a good startup ?
Here are 10 important basic points that you should kept in mind while converting your idea into product as as a GOOD STARTUP.
1. The unique problem solving product or an idea
2. Customers who are facing these problem statements (target audience )
3. Product quality
4. Website
5. Business awareness and marketing
6. Your rivals or opponents in the race
7. Finance
8. Duration or Timing
9. Customer care
10. Positive mind set
So now we will see these points in detail so that you will get an actual idea of all these points:
Before starting I would like to give you the idea about a Startup Genome Project, up to 70% of startups scale up too early whereas 90% failed. So as I said before it is full of failure but if you find the way then success would be delicious for your hard work.
1. The unique idea or product:
Having a unique idea which is very much different from the present ones will lead you to be an entrepreneur. Having a new idea may be on the current product can lead to betterment as your new startup plan.
2. Target customers or audience:
You know your idea of the product. So now target the people who need this and are in trouble. Concentrate on the audience.
3. Product quality:
Quality is always on top than quantity. So the quality of your product from your idea matters a lot.
4. Website:
Website is going to be the heart of your startup. From here you are showcasing your product to customers. So be sure to have a well designed attractive website.
5. Marketing:
Once you are ready with your website which includes all the information about the product. It's time to deal with marketing. Having a professional marketing expert in your team is the best advice.
6. Rivals or Opponents:
So opponents are the game changing point for you. They can destroy you or you can grab their customers with your unique different product idea weapon in the same category.
7. Finance:
For any business you need so finance support. This goes the same with startups too.
If you have proper and sufficient funding with your product then you are ready to rock and roll in the business.
8. Timing or Duration:
When you launch the product to customers is another game changing point. You must study your product and plan the perfect time for your product launch.
9. Customer care:
Customer care is always important in any business you work. If you care for your customers then only they are going to stick with you. You must have a proper customer care facility on your website.
10. Positive mind set:
Having a positive mindset in the startup race is very important. So keep a positive attitude towards the work. Trust yourself and your teammates.
So in future blogs we are going to look and study some of the best startups in India who rule the difficulties to achieve success including their latest news. So, Stay tuned for upcoming articles.
Thank You.
HOW TO THINK FOR A STARTUP IDEA (LIKE ENTREPRENEUR)
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So if you want to ask anything or want to get information about any startup please let me know.