2-minute guide to making your startup a success

I wish that people who’ve done good to me, do well in their lives. I feel about them when their startup fails. Mostly it’s because they don’t plan before launch and operate it based on assumptions.

The startups which usually succeed are the ones who plan well. Just by having ideas in your head, will not guarantee that they’ll succeed. Here are 10 steps you can take to ensure your startup’s success in the market.

1. Do some market research. Find out 100 of your potential customers. Talk to them. Understand what they feel about your proposed system. Devise blueprint on what you’ll have to do in order to ace them.
2. Invest wisely on hiring. Define targets on how fast you want specific results from them and communicate it clearly at the time of their joining.
3. Manage finances well. No need to over spend on having a big team or office. Make sure each of your team member counts.
4. Set office culture and values clearly. Set a vision of what you intend to do and ensure your team feels passionate about it from day 1.
5. Begin by pivoting. Build MVP. Release in market. Get feedback. Improve and come back again.
6. Set yourself a time limit to succeed and a backup plan just in case. You’ll feel assured and relaxed on giving your best shot. Try to a certain extent, so that you know when to change plans. Because there can be some deviations once you enter the market.
7. Document your startup journey. There’s an audience willing to know how it is when one starts up. You can deliver value to people, by sharing your personal experiences.
8. Keep your family members in loop. Tell them what you’re doing. If they feel you’re doing things with them in picture, then they’ll give genuine feedback for it to do well.
9. Always do things in written. Be it employment agreement or financial terms with clients.
10. Enjoy what you’re doing. Everyone doesn’t get this chance. If you’re happy at work then it’ll positively affect your health and increase chances of startup’s success.

If you like this post then kindly share with your friends and colleagues. They might be needing a quick guide on succeeding with their startup dreams. I would be grateful if you could help them achieve their vision.