Startup:How To Make Your In 5 Steps
We have heard a lot about this term that apparently applies to many companies in different branches. But what is it really? What is a Startup? How To Make Your Startup?
These are newly created small or medium-sized companies, commonly developed for technological purposes. They are created from an innovative business idea that uses several resources to turn it into a profitable business.
The main problem of this type of companies lies in becoming highly profitable companies,
but because they are usually created by people with little experience in business who do not know how to handle it, they end up being bought or absorbed by larger companies.
This type of company usually grows thanks to the investments of people interested in the medium, hence it is an easier step to be absorbed by larger companies if the business starts to go down because the important companies besides winning “One more company” will win over the investors who had bet on it.
Recently, the addition of WhatsApp and Instagram to Facebook is the clearest example of what happens with current startups that do not have an adequate growth and marketing plan.
Steps to move forward your startup
If you have an idea that you think could be revolutionary, here are 5 steps to create your own startup and be a successful business person in no time.
1. Identify an opportunity
You probably have an idea to improve Instant Messaging applications. But if you do not have something truly special or something that makes your company unique and different, you can hardly stand out in the middle and be recognized.
So before starting to bet on a business, make sure that:
• No one has done it before
• If someone tried before you, find out what they did wrong
• Cover needs that have not been met
• Give more solutions than problems
If your business covers these characteristics, you are on the right track.
2. It polls the market
Clearly, a business about surfing will not work in a country or a city that has no outlet to the sea. So make sure that business opportunity has real possibilities to develop in the place where you are.You can ask questions among your acquaintances about whether they would be interested in having an app or a device that covers that need, and based on the statistics you can see how necessary it is that a business develops or not. These analyzes will serve to highlight the capabilities and shortcomings of a business model in the real world.
3. Identify your target audience
Although it is a similar analysis to probe the market, rather than worrying in this step to know if it meets a need or not, you will have to ask yourself for whom it is important to meet that need.
It is likely that if you develop a street harassment alert, you prefer to target exclusively women from 15 to 30 years old because a different age range might not seem as important or relevant to your business.
It is essential to think from the beginning who and what kind of people could be your potential buyers because once you have them in mind you can add other features or cover other needs that the same group presents and that can be implemented to your business.
4. Develop an action plan
In this step, you should consider all the goals of your Startup business and the ways to fulfill them. You already have your business model identified and the type of audience you are going to address, so what follows is to think how you are going to move forward. This step also includes measuring the amount needed to develop it.
If you do not dedicate yourself to web development or do not know anything about programming languages, you should contemplate what it would cost to hire a developer, a designer, and maybe even a distributor.
Taking this into account, you can continue adding up the expenses that have to be carried out, so that once you have the total budget ready, you can decide to carry it out for yourself (at least for the first steps) and get investors to give you more advertising.
Currently, there are platforms that can help you get these investments, such as Kickstarter, in which you raise the idea of your project (with very specific goals and a breakdown of the expenses that must be carried out) to start getting investors. These pages have categories, and donors can vary from ordinary people (usually part of your target audience) to professional investors. These people participate because most of the businesses promise them some kind of thanks for helping to turn their business into something real, depending on the category they can grant some copy of the product created, or in these cases, the acquisition of the application in a way “Free”.
If you reach the goal, you can develop your business without any problem. And if you do not get the requested investment, the money is returned in full to all those who have participated.
5. Take it out
It sounds like the simplest step, but the truth is that this could not be done if it were necessary to comply with a step of the aforementioned.Once you have all the resources to make your startup a reality, you can dedicate yourself to implement improvements and updates so that you continue to reach more and more public and real buyers.
Having a company in the constant renovation will show that you are interested in offering the best service with your product.
It may sound difficult (especially the step of getting investment, which will be more difficult if you must put part of your own capital) but if you have an idea that covers an important need, it will be worth trying to carry it out.
Defend your ideas and learn from your mistakes, you will see that both steps will guarantee a sure success in a short time. To Know more about Startup Visit Our Website