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Medialย โขย 8m
Day 1: Startup Basics - What is a Startup? Let's begin with understanding the very foundation of entrepreneurship WHAT IS A STARTUP? A startup is a newly founded company that is in the early stages of its operations. Unlike traditional businesses, startups typically aim for Rapid growth innovation, and the potential for Scalability. They are designed to solve a specific problem or meet an unmet need in the market using unique ideas, technologies, or approaches. Key Characteristics of a Startup: 1.INNOVATION Startups are built around "innovative ideas" whether itโs creating something entirely new or offering a unique take on existing products or services. 2. GROWTH POTENTIAL One of the key goals of a startup is rapid growth. This often means reaching a broad audience and scaling quicklyโsomething thatโs not typically seen in more traditional businesses. 3. RISK & UNCERTAINTY Startups operate in an environment of high uncertainty and risk. They donโt have a guaranteed path to success, but they often thrive through testing ideas, failing fast, and iterating. 4. LEAN & AGILE OPERATIONS Due to limited resources in the early stages, startups tend to operate in a lean manner. Flexibility and adaptability are crucial for survival and growth. WHY START A STARTUP? -Solve Real Problems: Startups provide solutions to pressing problems, whether personal, societal, or business-related. - Be Your Own Boss: They offer the opportunity to be in control of your own business and decisions. - Make an Impact: With innovation, startups have the potential to change industries and improve lives. THE STARTUP LIFECYCLE: 1. Ideation The birth of a new idea or concept, usually inspired by a problem or market gap. 2. Validation Testing whether your idea can actually solve the problem. This is where market research and customer feedback become critical. 3. MVP (Minimum Viable Product) Creating a simple version of your product with just enough features to satisfy early adopters and gather feedback. 4. Market Fit: Achieving product-market fit means your product resonates with your target audience and they are willing to pay for it. 5. Scaling: Expanding your operations, team, and market reach to grow beyond early adopters and gain broader customer adoption. 6. Exit or Maturity: The final stage where the startup either exits through acquisition, IPO, or matures into a successful, stable business. In tomorrowโs post, weโll dive into how to generate startup ideas and validate them. Stay tuned! follow Vikas Acharya for not to miss valuable content!
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Set2Scoreย โขย 1y
๐ฆ๐๐ฎ๐ฟ๐-๐๐ฝ๐ : In India, most startups are based on repeated ideas. There are unicorns and successful or famous startups that are even based on previous ideas. But the definition of a startup says: { 'A startup is a ๐ป๐ฒ๐ ๐ฎ๐ป๐ฑ ๐๐ป๐ถ๐พ๐๏ฟฝ
See MoreFounder at NextWave ...ย โขย 2m
It is a good idea to carry out market research before you invest your time and money in your startup idea. Most startups fail because there is no market need for the product or service. We at NextWave Research have worked with several startups to v
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feather-aiย โขย 4m
Why 90% of Startups Fail โ And How You Can Be the 10% Starting a business is easy. Sustaining it is where the real game begins. Studies show that around 90% of startups fail, and the top reasons include poor product-market fit, lack of capital, weak
See MoreHey I am on Medialย โขย 1y
From where can I get to be intouch with startups, I mean I want to see their data charts, read and know about the startup ideas of the ones which are not very successful and at the very early stage of beginning. Or even the ones failed of the small o
See MoreTech and Product ent...ย โขย 6m
Iโm a developer + product enthusiast who's been working with early-stage startups to build MVPs fastโleveraging AI to cut down common bottlenecks. From UX tweaks to market research and product strategy, I love diving in early. Curiousโhow are you sp
See MoreHey I am on Medialย โขย 9m
Hi guys, As we all know how difficult it is to get funding for your ideas and early-stage startups. I proposed an idea to make it easy to invest in these early stage startups or ideas. Please look into my idea on my profile by going to ideas section
See MoreHey I am on Medialย โขย 3m
Are you a startup trying to make sense of your data but donโt have the bandwidth or resources to build a powerful reporting system? Iโm here to help you build interactive, scalable, and insightful dashboards in Power BI , tailored specifically for t
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