Startup: step by step
An in-depth market research and a feasibility analysis on the industry of your idea will tell you if there's an opportunity to turn it into a successful business and if there's a potential clientele. Use this information to find a competitive advantage for your business.
Refine your idea
When you've stated the potential of your idea you need to clarify your target customers and marketplace accordingly. During this brainstorming phase you will also need to decide your business' name before nailing down the idea's value.
Write a business plan
Once you have your idea in place, you need to ask yourself: How will you finance your startup costs? Perform a break-even analysis, so
you can determine how much money you need. It’s a roadmap for how to structure, run, and grow your new business.
Brand yourself and advertise
Logo, company website, social media are the mandatory tools to build up your Brand before you start selling your product.
This process, especially in the beginning, is just as important as providing a quality product or service.
Need more help?
If you’re not sure how to move forward with your business, ask yourself these questions to gain more focus and understanding:
Who is my target market?
What problem does my product or service solve for potential customers?
How will my startup standout from its competitors?
What kind of financing do I need?
How will I test my product idea?
What are the short and long term goals of my business?
What structure should my company have?
What taxes will I have to pay for the company?
Do I have a startup marketing strategy for promoting my brand?
Do I have enough time to dedicate to the startup?