Do you have any tips for someone who is starting a startup?
Samar Ali
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Uladzimir Yankovich@yankovichv
Have patience; success will not come soon.
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@yankovichvI Yes, have patience and don't give up. Success takes time, so keep at it and eventually you'll see results.
As Elon would say running a start-up is like chewing glass and staring into the abyss. It gets really though somethings just push forward and have faith that everything will fall into place.
@leanne_binsell Yes! Here are my top tips:
1. Have a clear vision and be passionate about your idea.
2. Build a great team of people who share your vision and are equally committed to making it happen.
3. Be prepared to work hard and hustle; success doesn't come easy.
4. Believe in yourself and don't give up when things get tough.
5. Stay focused, stay the course, and never lose sight of your goals.
They should not be afraid to enter unknown areas for requirements. With the growth of startups, people also gain a lot of experience and skills.
@arda_finsmart Yes, I agree that people should not be afraid to enter unknown areas for requirements. With the growth of startups, people also gain a lot of experience and skills. This is a great way to learn and grow!
Some tips are
Be Passionate.
Start While You Are Still Employed.
Don't Do It Alone.
Get Clients or Customers Lined Up.
Write a Business Plan.
Do Your Research.
Get Professional Help.
Make Sure the Money Is Lined Up.
Money Accounts mission is to save people money and help people navigate the complicated world of consumer finance.
The team is the most important thing.
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Adding to what others have answered, I would consider starting SEO early on the way since It's considered to be a slow process. But it's worth it once you start ranking on Google for your target keywords.
@neri_raanani This is a great answer! However, it is worth it when you start ranking for your target keywords. Thanks for sharing!
Trust yourself, if you fail you will learn, if you succeed also you will learn
Know your goal and strategically plan your exit point.
Like what's your goal? Having enough revenue to leave you day job and work full-time on this project? Or to sell to someone at an early stage, or going public? The end goal define the scope, time frame, and means that you can or cannot use during the project.
Then the end point defines the rest. Like what kind of customers do you need, what product, what team. If you have very well-thought, clear and your strategic picture, it'll become easier for you to define tactical decisions.
When you're ready to build a team, hire people smarter than you & & genuinely empower them :)
@jade_mack Great advice! When you're ready to build a team, it's important to hire people who are smarter than you and genuinely empower them. This will help create a more successful and cohesive team. Thanks for sharing your wisdom!
It will be challenging and often lonely, with rollercoasters of emotions, so be ready for it (totally worth the final result, though).
Here are some random tips from me:
1. You don't need a brilliant idea; good-enough ideas work well.
2. Your idea doesn't have to be the next big thing; small businesses are killing it.
3. Validate your idea well. With current no-code tools and marketing tricks, you can validate the idea with just a few hundred $
4. Build community before building the product
5. Talk to people who don't understand startups and make sure you can explain your product to 5 year old.
We have created a curated (free) Knowledge directory for early-stage founders and solopreneurs that I think will help you in your new journey. You can check the resources here - https://www.knowledgehunt.co/
Let me know if you need to find any specific knowledge, and I can help.
Good luck!
@tornike_phkhovelishvili Thank you so much for your tips! I really appreciate the advice. I will definitely be sure to validate my idea well and build a community before launching my product. Thanks again!
Various tips for all novice businessmen have already been mention here. And I would like to recommend finding good contractors and suppliers. After all, if, for instance, you are starting your business in tech niche (cloud or not), it's extremely crucial to have a good supplier of electronic components. After all, your startup is made up of many particles - a team, skills, budget, business plan, suppliers, and much more. Therefore, always take a responsible approach to the selection of contractors, personnel and suppliers!
@blackbacardi There are a few things to keep in mind when selecting contractors and suppliers for your business. First, you want to make sure that they are reputable and have a good track record. Second, you want to make sure that they are competitively priced. And finally, you want to make sure that they can meet your specific needs. By keeping these things in mind, you can be sure that you are making the best possible choices for your business.
Talk about the problem that you are trying to solve over and over and become the thought leader in that field. Post on linkedIn reddit clubhouse and other social platforms about the problem. You never know how many people are facing the problem that you are trying to solve until you talk about it as much as you can.
Also don't be afraid of failure many people try to keep the thing that they are building in the shadows cuz they are afraid to talk about it and fail.
@g_khosravi This is a great point - talking about the problem you're trying to solve is a great way to position yourself as a thought leader in that field. By posting on LinkedIn, Reddit, Clubhouse and other social platforms, you'll be able to reach a wider audience and get feedback on your ideas. And don't be afraid of failure
As cliché as it is - consistency is the key! Do you have already your MVP? Feel free to connect with me on LinkedIn.