Startup Classroom: Today startup has become such a word that almost everyone must have heard it through one or the other medium, today there will hardly be any newspaper or news portal where startup is not being written or told. Don’t know how many people have been taken from the floor by this new word, have given new jobs to lakhs of people, made them rich, and most importantly, solved such problems, which we face every day. A real startup is the one that solves people’s problems and makes their lives easier.
Today there are more than 80,000 startups in the country, and 105 of them have become unicorns, unicorns are those startups whose companies have been valued at more than one billion. So it is obvious that you too must be thinking about starting a startup at some point of time, so let’s try to understand today how you can start your startup.
how to get startup idea
This is the first and most important stage in any startup, that is, the better your idea is, the better your startup, yes, let’s say here that just having an idea does not guarantee a successful startup. It is necessary to have a better problem for a better idea, that is, the bigger the problem you solve with your business, the bigger the chances of it getting bigger. So first of all start searching the problems around, the problem can be anything, for which people are not able to find the solution themselves, then your idea stage starts from here itself, that is, the problem itself is the first step of the startup. Nowadays, in the era of technology, if you are solving problems through technology, then the option of expanding it increases a lot.
Do lots of market research
Starts after the idea, gathering information about it, the more information, the better the startup, start seeing if there is already a solution to this problem, if so, what is missing, or the previous companies Who has made its product, collect information from people, know where they face problems, and what is your solution exciting them, yes, here it is also important to know that people are ready to pay for your solution Or not?
Must make mentors
I have found this very special in my startup experience, many times it happens that you fall in love with your idea so much that you cannot make any right or wrong decisions about it, it is said that love is blind, then Here you will need a guide, make such people your mentors who come from the startup world, who can tell you what not to do, let us tell you that knowing what to do is as important as knowing what to do in business. What not to do
Do planning of funds
It is said that 95 percent of startups do not see their second year, there are many reasons for that, but the right use of funds and planning is a big reason, I have seen many people leaving their jobs and starting startups, but most of them stay in a few months. Later they are in job again. In any startup, you must have at least 2-3 years of fund backup, if you are in a job, then think that if your business does not make any money for the next 2 years, how will your work go on, plan it. . Because getting funding and investors starts much later in startup, before that you have to plan and walk yourself. Today there are many such schemes from the government which are working to support startups, do not forget to read about them.
Being a good co-founder can be your strong strength
It is not impossible to run a startup alone, but if you do not have a good co-founder and a good team, then it is impossible to grow it, many people make mistakes here, they want to do everything themselves, and at a time After that your startup stops moving forward or new ideas stop coming in it. Startup is a lifestyle, it has to be lived every day, you need crazy people like you, who believe in your ideas and are full of energy. As a founder, finding and enabling such people should be your prime focus.
So come on, if you have any idea in your mind then start it, because it is better to play yourself than sitting in the stadium and applauding for others, because every defeat and victory gives you a new experience.