Hello Readers, today we will talk about tips to start a startup, I will give you awesome tips that help you to start a startup.
In yesterday’s blog, I clear the topic about Tips to become Entrepreneur so my recommendation is first read that blog and after that come to this blog.
DON’T CHASE MONEY IN INITIAL PHASE
The reason behind the failure of Entrepreneurs is they Run behind money from 1stday, I understand that money is important in life but in the initial phase, you want to add value, create an image in the market.
Don’t Chase Money, Chase Success will automatically generate money for you.
SELECT CO-FOUNDER SMARTLY FOR STARTUP
Selecting a co-founder will be a very tough task in your life of Entrepreneurship because you cannot believe in anyone directly, so I will give you some tips to select a co-founder.
- When you select a co-founder you should know her strengths and weakness.
- Choose a co-founder who can tell your weakness as well and you should have that ability to listen to them.
- You need to trust them.
- Select an active and smart co-founder, who can easily manage your business without you.
- Choose the co-founder who has leadership knowledge & man-management.
LEARN ABOUT DIFFERENT INDUSTRIES.
If you also want to start a successful startup you need to learn from other different Industries.
Always learn from others, I cover this topic in the Entrepreneur article also.
First Try internships in your field and when you have enough knowledge about that then you are good to go.
So always learn from other industries.
CHOOSE A PERFECT PARTNER FOR STARTUP
If you think that you can start a startup on your own so it is not possible practically, you need at least one partner who can add some value to your business.
You can’t start a business on your own, choose a perfect partner for your business.
One tip from me please do not choose a friend as your partner until they can’t add some special value to your startup.
Choose a partner who knows about your weaknesses and feel them from their strengths.
RAISE FUNDING FOR STARTUP
Always entrepreneurs make this mistake, they raise funds from consultants and other agencies for their startups.
Start a Bootstrap business, if you don’t know about Bootstrap then research about it I will shortly tell about Bootstrap, Bootstrap business means a business which stands on your own funding or by family support it is called the bootstrap business.
So learn this strategy of the business, it will definitely help you in future as well.
WORST PHASES OF STARTUPS
The Entrepreneurs who quit their business is because of the Negativity and the fear of failure which fits in their mind .
At initial phase of startup there are so many worst situations comes up and if you cannot handle that phases/situations then you will never grow.
In initial stages you need to eat mud , and if you are not ready for it then you are not ready for startup as well .
Conclusion is simple , startup is not easy as that but it is not so hard that you think,
It is just a business if you handle it.
There are so many successful entrepreneurs like Ranveer Allahbadia and others they were struggle so much to achieve this position.
The final conclusion is if you ready to eat mud and you have that potential to listen negative words of these environment then YOU ARE GOOD TO GO.
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how successful entrepreneur start their startup :