What to do if you have an idea for a startup?
What to do if you have an idea for a startup?
Follow these 10 steps to turn your idea into a startup
- Do your market research. Conducting market research is the first step to determine if you really do have an idea worth pursuing.
- Secure intellectual property.
- Decide on branding.
- Incorporate.
- Choose a co-founder.
- Write a business plan.
- Pick a workplace.
- Find a mentor.
How to build the perfect team for Your Startup?
In this process, the fundamental job of a startup founder is to connect with individuals who share a similar passion and drive. A startup founder should hence focus on building a quality team, without compromising on the hiring bar. We have answered a few important questions to help you build the ideal team for your startup.
Who are the most important members of your startup team?
The most important members of your team are the founders. Before hiring anyone else, you and your co-founder have to settle on how decisions will be made within the startup. For example, are you the technical expert and your co-founder the marketing whiz? That right there should determine the structure and foundation of your startup.
How do you find a co-founder for a startup?
5 steps to follow in order to identify your potential co-founder. 1 Step 1: Identify gaps. You need to begin with identifying gaps in your business. It could be an entire business area or a specific process. 2 Step 2: Start your hunt. 3 Step 3: Test the waters. 4 Step 4: Say Cheers! 5 Step 5: Set ground rules together.
Who plays a key role in the start-up process?
Content experts, process experts and end users can all play key roles. Team kick-off events are an important part of the start-up process. Kick-off events enable the team to articulate and understand the goals, mission and structure. A well-planned kick-off can increase team productivity and build team momentum.