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Top 8 Strategy for startups in India

Top 8 Strategy for startups in India, as the name suggests, is the beginning of something. When you see it in the context of business then it is called Startup Business. Today the world is engaged in new product innovation, there is competition everywhere to give something unique to the consumers, but this innovation is based on a lot of research schemes for startups in india.

Some people get success in this and many people fail in startups. So if you want to know the complete information related to Startup in India, then definitely read Top 8 Strategy for startups in India till the end.

Startup Company means which one  company that is at the initial stage of its operation. Usually the more than one people together lay the foundation for this, which we call Entrepreneur. Here all  people come together with their different  own skills and specialization, and work on any startup idea, so that they can give a unique product or service to the consumers.

Here we know what is a startup. If you are interested in Startup and want to be aware of every aspect related to it, then tie the belt of your chair and keep reading further.

How to Start a Startup (8 Steps)

A lot of dedication is required to start a startup, you have to put all your strength in it. If you have made up your mind to start a startup with full hard work, then definitely read  quotes on startup and the steps given below in Top 8 Strategy for startups in India.

Step 1) Problem

People don’t buy products, they buy solutions to a problem. First of all, you have to identify the problem and you can also get an idea new indian startups about this problem from personal experience.

As soon as you find a problem, ask yourself this question:

Is this a problem that everyone has to face?

Will the life of many people be easier by bringing a solution to this problem?

When and how often do people have such problems?

Which class of people have this problem?

Step 2) Ideation and Solution

Here you work on the solution of the problem and this solution becomes your business idea.

As soon as you get solutions, share them with people and know their reaction.

Is he happy with this idea/solution?

Will a larger section benefit from this idea?

In this way, with a little market research, you can validate your idea.

Step 3) Finding the Dream Team

If you have decided to turn your Idea into a Startup, then you have to search for your Dream Team. First of all, you should explore your skills, apart from this, work on what people will be needed in your startup.

A good startup is made up of the following specialized people:

The Chief Executive Officer (CEO) – He leads the entire startup and motivates everyone to work towards the company’s vision – mission.

The Chief Growth Officer (CGO) – He works towards the growth of the company through the right business plan.

Chief Technology Officer (CTO) – Responsible for technology related matters.

Chief Marketing Officer (CMO) – He is responsible for the marketing related work in the company.

A Chief Design Officer (CDO) – All responsibility related to the design.

A Chief Financial Officer (CFO) – All the responsibilities related to finance in startup.

A good team is very important. Look for people you enjoy working with, especially in the early stages.

Step 4) Customer Persona

To take your Idea to the customers, you must first define the Customer Persona. This is a form of your true consumer class created by market research. In this, you ensure aspects like consumer information like Age Group, Educational Background, Language etc.

To understand the correct information of your consumer and their needs, you must interview them by survey.

To understand the potential of your idea, you have to do a prototype. Here you prepare the system of your product. The prototype has 2 stages:

make on paper first

then form the digital design

For example: If your product is a digital solution then first make a process of it on paper like

Consumer visited your website.

What information should he see there first?

What options should be available on the website?

At what stage will the consumer’s need be met?

What is the thing that will motivate the consumer to purchase / subscribe.

You have to be a little creative here, by creating your prototype using color markers and color labels, first of all you show it to the people close to you and pay attention to their reaction. This will help you to create a better user interface for the consumer.

Step 5) Create a prototype

Now you can prepare your Digital Prototype. If you do not have the knowledge of Coding, then do not worry at all, you can create your Digital Prototype on the tools given below.

Adobe XD

Marvel App

Material.io

Moqups.com

After the prototype is ready, once again get it tested by the people and make changes in the product according to the feedback. Now your Idea is not just Idea, you have moved one step ahead, and start working towards your marketing plan.

Step 6) Marketing Plan

Now that your prototype is ready, now it’s time to go in front of the world. Make sure your short and long term goal is because marketing plan plays a big role in a real  10000 startups.

What message do you want to convey? What is unique about your product? The answers to all these will be needed in the marketing plan. Here you also have to decide which channels you will use. Online Channels or Offline Channels or both, you can decide according to your customer persona.

An important part of the marketing plan is the landing page where you redirect your consumers through the campaign. Keep in mind, the landing page should have all the information according to the needs of the consumer, then these consumers become your customers.

Step 7) Business and Revenue Mode

No company can run without revenue. There will be revenue only then you will be able to move forward in that business / startup.

Revenue is the most difficult and important part in any startup. It is important to have a business and revenue model for the survival of the startup itself. We can see it like this.

The business model describes what value the company is providing for its customers, and the revenue model itself is involved. A company can actually operate multiple business models at the same time.

The Revenue Model ensures that how the company will generate its revenue.

Step 8) Startup Funding

This is the last step of starting your startup and the first step towards growing your business. If you do not want to fund yourself for your startup, then you can bring startup funding in other ways.

Where did the funding come from?

From your friends or family: This is a simple way to raise funds, and this will also let you know how much people close to you are trusting your startup idea.

Funding from Venture Capitalist: This is a group of Professional Investors, who specializes in Startup Funding. If your Startup Idea and Startup Plan is accurate then Venture Capitalist will rain Funds on your Startup.

Crowd Funding: Here you are sold to people through Crowd Funding Campaign. Those who like your idea will contribute to your funding.

Through Startup Loan: Startup Loan is also available for you. If you want to get funding through Startup Loan, then on the basis of your credit history, you are given a Startup Loan, and for this you must have a correct and detailed business plan of your Startup Idea. There are many options related to Startup Loan In India, you can also take advantage of it.

There also many startups like-food startups in india, ev startups in india,logistics startups in india

We hope that this article of ours has inspired you, how did you like Top 8 Strategy for startups in India this article of ours and what do you think about startup, do tell us in the comment.

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