Think. Invest. Execute. Grow. Achieve. That’s it! Your Startup is established.
That’s what most of the blogs over web suggest adding a few lines in these 5 steps. People follow, work over nights, and still fail!
What’s wrong then? The model? The idea, or the efforts? Probably, the very basics.
Startups may seem as the ground chunk of the business township, but they have the power to revolutionise entrepreneurship and innovation. In the last decade, many startups have certainly proved it bang on. What they did may not be any different than any other, but what they thought was not the same!
Let’s explore it further. In this world of enormous information, there are facts and there are myths. What many Startups tend to fail in after many rights, is acknowledging the myths as the facts…
.Idea is all you need
The recent era crowded with mushrooming startups commanded the general notion: ‘IDEA IS EVERYTHING’; If the idea is new, it’s innovative, you are sure to crack funding and break all records of MNCs! (That’s the sentiment that floats in every mind dreaming business, right?) While former may still happen in many cases, latter expectation is purely false! Ideas, they are a personal asset. But even the best of them are meaningless without a masterful execution.
En masse, don’t rely on your idea in solety. Make your execution perfect.
.Plan everything
If you plan to spend months planning for each day to the core before starting on, is plainly bootless. The reason lies in uncertainty of response from the potential market, which may anytime be absolutely adverse to your beliefs. So take on the risk. Grab the courage to face the situation as it arises. Take small steps and you will not know when you covered miles. That’s the core entrepreneurship! As Alejandro Cremades remarked, “Business success requires business preparation. You need to have a plan in place but you don’t need to be a master tactician for every step before-hand.”