Creating a startup only require three simple rules. You need to start with good people,make something customers actually want, and to spend as little money as possible. All of those three listed are simple, yet will lead to a successful setup. Thinking about what customers want is an important factor to consider. In order to figure out what customers want, you have to watch them closely. One example of where you can do this is at trade shows. Although trade shows are not a way to get new customers, they are worth it as market research. If you try to start the kind of startup that has to be a big consumer brand, the odds against succeeding are steeper so the best odds are in niche markets. Since startups make money by offering people something better than they had before, the best opportunities are where things suck most. You are also going to need money. The way to get rich from a startup is to maximize the company's chances of succeeding, not to maximize the amount of stock you retain. The first thing you'll need is a few tens of thousands of dollars to pay your expenses while you develop a prototype, called a seed capital. Because so little money is involved, raising seed capital is comparatively easy. After reading this article, I can apply the rules to my own setup and contribute to rebranding of the nation.
“The Founder's Dilemma: Are You Ready to Launch Your Startup?” The Pitcher, 20 May 2016, thepitcher.org/the-founders-dilemma-are-you-ready-to-launch-your-startup/.
Graham, Paul. How to Start a Startup.
Graham, Paul. Startup = Growth.
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