There are different stages in a startup. Every Startup starts with an idea & then it can be led to any place where a person wants it to go. When any person builds a startup in his life then he will face many types of problem, making adjustments/building, measuring a usage, money problem and attempting to learn from your data. A person will be going through many iterations of building a startup in his life. And a person will only find a solution to his problem by his own efforts. Through this journey of development, a business visionary will get the chance to encounter everything from the birth, that is a thought of the startup, to the startup itself, and if is it fruitful, through to its development too. Each new stage realizes new difficulties that the business person must figure out how to manoeuvre carefully. All things considered, the child parenting method one adopts for a baby is not the slightest bit comparative on account of a young person.
[signinlocker id=”9448″]
Here are some of the factual data, let’s briefly discuss two brutal facts about the startup industry so you can become mentally prepared. 70% of venture-backed startups fail, according to CB Insights, and up to 90% of startups fail overall. Seeding a startup might seem tough but not impossible. A person gets some good idea in his mind to build a good startup in his life. When a person gives some important efforts for his life to a startup than definitely person will get the success in his life. Realise you all had completely different ideas about what you were doing – all of them stupid in their own way in retrospect. Continue doing what you love until you either get a grip.
There are usually five stages in a startup building process-
STEP-1
Out of all the stages in a startup, first is to decide what u want to do if you can start your own company alone or need a teamwork. If you have time and skillset to start the new company on your own, that’s great. But a good team will make your life easier and simple for the growth of the company. Work burden is also less when you have a team with an appropriate skill sett and desire to succeed.
STEP-2
Don’t just go for anything. Come up with an idea that you are passionate about. People with passion have a zeal to convert impossible things to possible. Passion makes a person keep going even when the situations are not favourable. Hence more chances of success.
STEP-3
Building a successful startup requires much time, effort, sacrifice. The step would be the great vision required for a successful startup, creating the solution to an important problem. Extremely hard work and dedication help the startup to build up. The founder and his team need to plan how to push the startup down the slope ahead. And I also think it is important because you want to start growing your brands as soon as possible.
STEP-4
When all the above things are done it is time to start legally protecting yourself, patents, all legal documents etc. Most of the people tell you to do this at the beginning but I argue that on the time of opening of a company that’s a waste of time and money. Money matters a lot to getting a good startup.
STEP-5
Go meet with good investors those invest a money in your company/business, share your passion and vision, but most importantly, your data. Don’t bother looking for your angel before you can prove to them that your idea actually works. It’s possible to find a believer, but most investors run on good old data.
STEP-6
When the company earn a valuable profit then the person will distribute the work among the more workers and assign new jobs to the new workers. It’s time to return something back to the society.
These are the 6 stages in a startup building process, which can make a startup hero or zero. Keep Learning and Keep Going
Submitted By- Manoj Thakur | Rajat Bharadwaj | Anubhav Kumar (PGDM-2018-20)
[/signinlocker]
Leave a Reply