What is startup?

Startup is a term for an emerging projects or start-up companies often still at the stage of creating a business plan. You can start your own startup in any field, but most of startups in last years came from technology and IT fields.

Main characteristics of startups are:

- low initial cost

- high risk investment

- potentially high return if company succeeds

Key areas

1) Idea

To have a good idea is most important thing. All most successful companies started with great idea. Successful startups always started like founder missed something what was not available on the market. 

2) Product

Not enough to have is just a good idea. It also needs to convert good idea into an equally good product, or even better. If you have great product, your customers are satisfied and give you good reviews and it attracts more another customers. If you want to do great products, you should listen to what people want and how much they are able to pay. Never stop to innovate. Always try to push forward.

3) Team

If you are successful you are not able to run startup on your own, you have to hire people with same passion and enthusiasm to make a best possible product. With right people on right place at right time it is much more easier.

If your startup is successful it cannot stay just only “one man show”. One man show it can be only for few months. Than it became a startup.

4) Executive

If you want to be successful you have to make some strategy plan how to grow (go-to-market strategy). 

You need to listen to feedbacks and react in shortest time you can, because time is money!

Make your business model!

Where are you going to take the company? You have to looking for talents, where to apply and looking for customers, where to buy. You need full contact range email, web, online, phone.

What is the proper time to start own startup?

Best thing on startup is that you are not limited by age. Young or old have same opportunity to be successful, but by maybe different ways.

If you start in young age, you have not lot of experience and knowledge, but you are also untouched of principles of company mechanics, which allows you to think fresh to do something different way.

If you are older you have more experience and knowledge and have better feeling for what should be good and bad for business and minimize risk but usually dont have fresh thinking like younger.

Only thing what limits you is you!! If you have an idea which you truly believe, go for it! Dont wait, because yesterday is too late, tomorrow is too late, best time to start is just NOW! You never had received assurance that someone wakes up in the morning with the same idea and overtakes you.

Why to start a startup?

Start a startup if you want to be independent and have and good idea which you want to share with others. You are fully responsible for you actions. First what you should think so but you realization your thoughts really filled, making money should be in second place.