Based on Wikipedia, start-up company (startup or start-up) is an entrepreneurial venture which is typically, a newly emerged business that aims to meet a marketplace need by developing a viable business model around a product, service, process or a platform. Many believes that the steps to starting a business is complex. The common causes lie in creating the ideas, funding, and the lack of knowledge on how to start a business. Simply, the steps should include creating the idea and building the concept from scratch, then planning and executing. Here are some steps to starting your own business:
1. Start small but dream big
Basically, startup companies are a company that uses technology to solve problems encountered in everyday tasks. Therefore, you can start thinking about the concept of your startup and what problem you would like to solve with help of technology.
2. Learn, then earn
By working at different companies with varying missions and ways of doing things, you will learn the type of company you aim to build. You will also know what skills you will need among your co-founders and first employees. Try to vary your experience and earn your start-up company goals.
3. Meet co-founder
Once you have an idea, the next step is to find the right partner. This is very important in early phase of building a startup as it is difficult to build your business alone from zero. You can find a co-founder or your representative from your immediate friends or relative.
4. Identify the market or create your own market
Increase your understanding on the size of the market, and the countries in which you can grow the fastest. Build a brand and a product that works globally, not just in your country. Also, you can be different by starting a new trends and planning for a new market.
5. Prepare to fail but not to give up
It is important for you to understand the risks. If you blindly build your startup, these risks will have a biggest negative impact on you. The better you prepare, the more likely your company will be able to survive.