Things to keep in mind as an early-stage startup
Nothing beats working for yourself. Even when you love your job and think that it’s rewarding, the satisfaction you get when you are your own boss is a completely different feeling. In the process of building up a new company, many founders ignore some basic requirements of an early-stage startup. This happens mainly because of either lack of experience or a single-minded focus on one product. The founders often tend to ignore some basic hygiene and operational factors which should be put in place from the beginning to ensure smooth scaling and a smooth fund-raising process.
To get a brief of what an early-stage startup needs to take care of, read :
Startup Business Plan
Planning is the first stage and utmost important step while stepping ahead towards a big goal. Starting up a new business asks for huge investment, not only of capital but risk and trust.
Following are some articles that will help you set up a successful plan for your early-stage startup :
While thinking of your own startup ideas, the first thought that crosses our mind is probably, “What should I sell?” or, “Which market segment has the most money?” or even, “How do I start with my current skill set?”. To ideate and channelize all these thoughts, there should be one fixed idea. Think of one unique idea, and do proper research for it.
Below links will lead you to some of the great examples for startups across the world :
We, at OpenGrowth, are constantly looking for trending startups in the ecosystem. If you want to know any further information about the startup ecosystem, then do let us know in the comment section below.
About the Author: Amrita Sinha
Amrita is in the field of media. She has a deep inclination towards writing and public speaking. She has the aim of removing the stereotypical mindset of society. She loves to read and photography is her passion.