Launching a Startup in Four (Recommended) Steps
Find out the four secrets to making it work as a startup. It’s not easy, but it’s a proven formula.
4 Tips on How to Launch a Startup Properly
Starting a startup cannot be too tricky, right? Well, as experience has taught us over the years, there are some pitfalls you better watch out for. When Tony Slotterman started his award-winning website, indonesia-bonusesfinder.com, he already had experience in running similar ventures, and his knowledge helped him establish one of the most trusted authorities on gaming available to Indonesian players today.
Today, we take a look at how some ventures are successful, and others come short of this coveted success. The success formula is somewhat repetitive no matter what your targeted industry is, so settle down and read through these four pieces of advice on how to be a success.
1. Have a Brilliant Idea
Having an idea is the best thing ever. It’s one of the most important ingredients of success, and if you are truly committed to your idea, you will soon find out that the right idea can get you very far. You need to analyse the niche you are entering very carefully, though. Just having an idea isn’t enough, and you will need to do the heavy lifting associated with that idea so that you are able to get where you want to be in five or ten years. This brings us to the next piece of advice.
2. Think Long-Term
Yes, indeed, having the right idea is great, but do you know what start-ups’ real problem is? Longevity – most people get started and focus too much on the short-haul. They are thinking that the funding round is coming, and soon enough, you will have all the funds you need to put some really good work into your project, which will make it work.
Yes, this is definitely a good strategy, but you will soon realise that there are pitfalls and challenges when you come to think about it. Many startups fail because they fail to think beyond this seed round, and they should.
3. Work Tirelessly
When it comes to startups, you are not buying yourself a way out of work. Just the contrary, when you are working on a startup, you have to work tirelessly. All you are given is an opportunity to exchange a few years of your life for a chance never to have to work again on something that you don’t want to.
Some people get too tempted, and they forget to do the real work, seeing themselves as entrepreneurs. Not Tony Slotterman, though, who has created a project that adds value to users and is a great success.
4. Grow on the Job
Don’t get stuck in a rut. Many startups fall short of their stated goals because they are too scared to innovate and try new things, and that goes against the grain of what it means to be involved in a startup in the first place. That’s why you want to be out there and constantly working on new solutions. Keep yourself in check by asking your employees and colleagues to challenge you and the company’s mode, but remember that when things are slow, this simply means that you need hard work and consistency, not scrapping your model and the success achieved so far!