How to Start a Start-Up?

[Mika]

Do you know that start-ups are a great way to build a big business? If you want to start your own start-up, you need to first understand three major start-up ideas, viz. new market, new benefit idea, and new technology. In other words, start-ups are mainly about inventing something new, for example,

You create a new market

You launch a new product or service

You create new technology

Here is a 7 steps plan to start a great start-up

Begin with a new idea, the idea might not be out of a world idea but could be a new concept in your local market.

Start-up is also a business; therefore, you need to create a business plan

Start-ups are normally a joint-venture, or partnership companies, therefore you need a team

Start-ups are normally funded by the founders, you need money

Start-ups should be registered (even if you plan to do everything online), and your company should have a legal status

Create your product or service

Build a marketing plan and start selling

 

[Jasmine]

The word start-up or startup has been used in English language since 1550. It derives from the word upstart in 1200 which referred to as “up rise” or “come into being suddenly”. Start-up (also startup) as it is being used these days dates back to 1976 Forbes article where the word was used for the first time in order to refer to a budding business. Today, the word startup is used for a business that is yet to be fully established but has a huge potential to achieve exponential growth. Therefore, if you want to start a startup, you will have to remember just one thing, whether the business or the company you want to start has a potential to grow big. Growth does not always mean number of products you are selling, or the revenue you are generating, growth also means the size of the company (company’s market valuation) customers size (number of people using your products or services).