Gonna Have A Start-Up ? Do check with following points :
Planning for a Start-up ? What is the potential of market ? Will it be a success ? Can I get investors ? What the startup will be in next 5 years ?
For answering all such questions what you need to do is just check over following points :-
Get an idea (Startup Plan) : Be prepared with the startup plan, be specific to one idea. Don’t try to catch multiple things in one catch. For an Example if you are having a Web Development Firm then either go for services or product for starting. Later on as per need you can plan other things.
Market Research : Once you are ready with the idea, the next you do is the market research. Try to find the already existing players of the market or if you are finding only yourself in the market to start the things, then research about the related market.
Keep in mind :
“The early bird gets the worm, but the second mouse gets the cheese.” ― Willie Nelson
Good Team : Try to find the potential team, a team which is ready to commit dedication. To commit smart work rather than hard work.
Remember :
"Coming together is a beginning. Keeping together is progress. Working together is success." --Henry Ford
Financial Backup : Whenever we are setting up any startup, there is always uncertainty of returns, so for a safer side & a confidence play we must have a financial backup plan ready.
Must Follow :
“Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.” ― Warren Buffett
Project Planning : You need to prepare a project plan, expected inputs and outputs on a scale of next 3-5 Years. This will help you to reach the investors eyes and will also help you deal with the expectation of your team.
Plan it :
“Those who plan do better than those who do not plan even though they rarely stick to their plan. - Winston Churchill
Now what you need is dedication, that’s all !
