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Tarun Suthar
Ā ā¢Ā
The Institute of Chartered Accountants of IndiaĀ ā¢Ā 1y
Right way for launching a startup šāØļø ā¢ Find a popular product (or idea) that is not yet perfect. market is saturated but innovation play an important role here. ā¢ Study it in detail. ā¢ Make a prototype. ā¢ Show the prototype to 100 people. ā¢ Get feedback and improve the prototype. ā¢ Offer 10% of your company to an investor. ā¢ Find a co-founder to split the remaining ownership (50%) with. ā¢ Remake the prototype until people start pre-ordering it (e.g., through Kickstarter). ā¢ Once you have a successful product, sell it to a million people. ā Launch and market your product or service ā Build a customer base and establish brand loyalty ā¢ Continuously gather feedback and iterate on your product or service. ā Manage your finances effectively and scale your business as needed. ā¢ list your company on Stocks Exchange like NSE and BSE ā¢ Now you make money as you sell shares and stocks "just don't follow the trend"š
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