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Do you have any tips for someone who is starting a startup?
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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.
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.
@samalyx Definitely! I've improved a lot since I started working at a startup. I realized how important even minor issues in people's eyes actually are.
Trust yourself, if you fail you will learn, if you succeed also you will learn
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.
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.
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!
When you're ready to build a team, hire people smarter than you & & genuinely empower them :)
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!
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.
As cliché as it is - consistency is the key! Do you have already your MVP? Feel free to connect with me on LinkedIn.
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