Many people believe that starting up a business is a very difficult and mysterious process. Mostly people have a good Idea but they don’t know how to develop and start. In this chapter/article you will be taught how to turn an idea into a successful startup. Before we get started, one should be clear that there is never a bad time to launch your startup. Many people are reluctant in starting their own startup at tough times which gives you an edge as your new startup has a great chance in getting noticed.
Everyone has his or her own blockages that prevent them from taking the first step. Mostly are afraid of the unknown or failure. Others find themselves in phase where they think they have to start from the scratch. People often think they have to come up with something unique to get a success, reinventing the wheel is of no use. However improving the wheel or doing something with the wheel in a different way makes room for a startup.
In Idea phase, the idea is explored and elaborated. The goal of this phase is to examine the feasibility of the idea.
Questions to be answered in this phase include the following:
Ideas turn into successful startups once people have become excited about them. To prevent the development of false expectations concerning the results of the idea, the following steps should be taken:
The world of Entrepreneurship and Startup was once full of uncertainty, chaos and failures at every step. Back then only Silicon Valley had the tools to foster the startup culture. Now we have came a long way ahead where the startup revolution is afoot and is growing tremendously.