Could someone share their experience in startups?

1. Company finances. Unless you have immediate client, you are bound to be negative income for at least a few months. That would be a big problem unless you have deep pockets. Calculate your finances in days, weeks and months and anticipate problems.

2. A working prototype. Are you sure your idea works with the current technology and available software/hardware

3. Market demand. Are you sure there is a market demand for a price that will turn profit for you? Will you be able to turn market demand into a profitable revenue?

4. Talent + staff- are you able to convince them to work for you?

If you can get 1 to 4 right, there you go!

Discipline and consistency. As a startup, you need to be extremely focus everyday to achieve your goals. Then you need to manage your emotions very well as it will be full of waves and battles. 🌊

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Understand your strength and use it to your advantage. Understand your weakness and hire soeone to take care of it.

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Well, you will never know how good your idea is until you put it to the test! Start with sampling, survey, and at a smaller scale. Gather feedback and improve it. You will know when you are ready to expand. The indicators are pretty obvious when you reach the stage.

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Here is everything about me and what I do best.