The Startup journey is a rocky one, these are the steps you need to consider.
- The idea- this is the easiest part. Ideas are not worth much unless converted to action.
- Getting started: first step in making the idea into something real.
- Product (or service offering)- development, design, packaging, delivery, costs (and the not-so-apparent costs such as labor, tax, storage etc).
- Starting capital and how you are going to raise it and pay it back.
- Market research and competition analysis.
- People: co-founders or employees- who are you going to work with? Working with others complicates matters but adds value when you combine skills/capital/etc. A good (trustworthy) co-worder is invaluable.
- Growth plan.
- Sales and marketing.
- Legal and finance aspects.
- Looks for ways to innovate and use innovative tech/methods (that’s where we came from),
- Staying alive, especially before generating profit.
