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2. Effective Calculation
You need to test the product viability before launch, test, validate and determine the core features. You have to focus on using the feedback as a basis to build the next version of the product. Each step has to be logically derived on the basis of calculations. No step should be based on intuition and gut feeling. Everything should be derived from calculations and logically driven.
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MORE IDEAS ON THIS
1.You need to create a unique brand of your product
You need to create a unique brand proposition of your product. The need of the utility of the product has to be created and the value proposition has to be communicated loud and clear to the customer. You need to make sure that the product is developed keeping in mind it fulfills the need of the ...
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6 Rules Of Successful Entrepreneurs And Startups
Statistically, most startups in the world fail. This is due to several factors: the startup didn’t address a real market need, it ran out of cash, it didn’t have the right team, it got outcompeted, or because its go-to-market strategy was insufficient.
There are currently 31.7 million smal...
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4. Foresee the Future and Innovate to Meet Its Demands
Startup entrepreneurship refuses to believe“there is nothing new under the sun” They believe that there is always a better solution, new needs to be met, and constant changes that require constant innovation.
The entrepreneur needs to have a hypothesis of where the market is going...
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5. Invest in the right team
Michael Jordon rightly highlights the importance of the right people working as a team,” Talent wins games, but teamwork and intelligence win championships”.
You need to make sure you have the best people from diverse fields and together as a team you can maneuver any chall...
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7. Show, Don’t Tell
This advice is usually given to fiction writers. In the world of high-tech startups, it’s not enough to tell people what you can do – that won’t convince them. However, if you provide living proof of what your product can do and that your technology works, people believe you, there’s a good chanc...
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Conclusion
Startups are based on novel ideas, which if synched with market demands, can work wonders. Starting a company or building a product is an easy part, sustaining operations or making them grow is the biggest challenge. Retain your calm, invest wisely in your team and go step by step.
It’s se...
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3. Dominate the Market Category You Are After or Create New
It is not enough to just be another face in the crowd. If a startup wishes to succeed, it must aspire to lead its market category eventually. It can do this in one of two ways: challenging an existing category by offering a better way to do something or defining a new category or sub-category tha...
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6. Bend the Rules
The rules can pertain to what is physically possible or what is considered “good practice.” One implicit rule of commerce is that nothing should be given away.
Startups have repeatedly turned that rule on its head, declaring that something previously for sale is now free and creat...
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8. Enhance leadership skills
You need to enhance your leadership skills and focus on personal development. Keep building your acumen and never stop learning. "A great leader can steer the radar smoothly in all stormy times"
You have to keep your technology and software updated and be flexible too. You need to...
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CURATED FROM
IDEAS CURATED BY
🙋Am a self taught Digital Creator , Editor 💻 from India 🇮🇳 , as well as a Technologist and a COD Gamer 🎮. Interested in learning📒 new things always for keeping up with the trend .
Starting a company or building a product is an easy part, sustaining operations or making them grow is the biggest challenge.
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Other curated ideas on this topic:
Defining intuition
The word intuition is derived from the Latin intueor – to see; intuition is thus often invoked to explain how the mind can “see” answers to problems or decisions in the absence of explicit reasoning – a “gut reaction”.
But intuition need not refer to some magical process by which ...
Four Key Factors that Impact Retention
Focus on new users and the initial experiences they have with your product.
To create a great first impression:
- Run experiments on user onboarding.
- Personalise your sales process.
- Incorporate feedback loops.
Target better user...
Focusing On Customer Problems
The primary focus has to be on the problems faced by customers. Instead of features, one can opt to provide themes, based on what the customer wants and what problem is solved.
Themes are a promise to solve problems not to build features. Once you’ve truly understood customer prob...
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