These points are collected from different articles posted on Mashable, TechCrunch, etc. and after reading different articles I am coming up with one common repository.
Entrepreneurs planning to start and work on new ideas shall focus on few key points described below:
Tips for Startups:
1) As an Entrepreneur you should not think my friends is starting a company shall I also start my company? I don’t have any work other work to do shall I start my company? What should I start so that I become billionaire in few months? Things just don’t happen in few days. You can’t become a billionaire in a minute. If you think you will have profits then you have to consider the loss factor also. Think about something that fascinates you. Come you with the idea, Plan and the vision.
2) Focus on the idea: Come one with the idea and focus on the idea. The idea should give you the answer for “Why will the people use this product?” If you are coming up with the common idea than ask yourself “Why will the people use your products if N number of products are in the market?” Google, Facebook, Twitter didn’t exactly started with a food of plate ready.
3) Discuss the idea, issues, and scope: Discuss the idea with the entrepreneurs with whom you are working with. Form the team that will support the product until success. Discuss the scope of the idea. Try to come up with the solution approach for it. Ask the team that why the customer will be interested in our product. How will it benefit to the customer purchasing the product. How can we give customer support after launching the products? Don’t neglect the service that will be given to customer after the product is live.
4) Meetings: Try to organize meeting with the team everyday. Team should be open to discuss all the key points. Try to follow SCRUM methodology. Discuss the issue which can come in future and come up with the approach everyday. Divide the project into sprints and come up with the progress of the project and future plans.