It is true that there is no ideal and definite path as to what are the best tips to follow to achieve success in your startup, but there are a number of recommendations to consider if you want to develop a good business idea with the objective of getting it to the market.Arrive on timeArriving on time is ideal for anything we do, but when it comes to being the first to create a business idea or seeing an opportunity to reach a specific target at the right time, it's even more satisfying. Arriving too late is often a bad decision that will lead us to nothing. Therefore, the ideal is to continuously review the market and see how it moves to create a stronger idea than the rest and find an unexplored niche market. At Intelectium we always say that time is the enemy of startups and that funding helps you to be faster executing and growing. You always have to be faster than your competitors or potential competitors.
Team
Surround yourself with people who add value to your team, who do their project. Surround yourself with people who are committed, enthusiastic and eager to learn. A good team will be a plus in favor of growing. In addition, if you can manage to involve people with powerful profiles in the sector in which your startup is framed, with different areas of Expertise and that they complement each other well, you will have solved one of the most fundamental pillars for a startup to be successful. The team is one of the aspects that investors value the most when it comes to investing in a Project. When there are still few metrics and uncertainty about the future of a startup, a good team will be one of the main conditions to finish convincing. In addition, it has been demonstrated that a very good idea in the hands of an inefficient team is much worse than an “acceptable” idea in the hands of a powerful and multidisciplinary entrepreneurial team. Get funding to produce incomeKnowing the different funding channels available for the project can be key to generating the first income. To grow, you need the help of a startup accelerator, Business Angels, investment funds and many contacts. It is also important to know how to intersperse and accompany private funding rounds with lines of public funding that help you maximize the value of those rounds without diluting yourself as much as a shareholder of the company. Aid for innovation and the development of R&D projects will also be your great allies when it comes to being able to undertake your improvement and innovation projects in your processes, products and/or services. A balanced public and private funding strategy is undoubtedly another key that will help you achieve a successful startup. From Intelectium we are experts in seeking and obtaining public and private funding for technology companies. We have been advising technology startups and SMEs for more than 15 years so that they have the best possible capital structure depending on their activity and stage of development. Do you want to know more about us and see how we can help you? Get in touch with us and we will advise you on the best existing lines of financing to ensure the growth of your company. Unlike other consulting firms, we operate 100% successfully, meaning that we are at risk and we only charge when the entrepreneur obtains the requested funding. If your company meets these characteristics and you want to apply for public grants and subsidies, contact us hither and receive support to finance your startup through this line.Make your idea growPaul Graham comments that you can't call just any company a startup, what defines these companies is their capacity for innovation and growth.” A startup is a company designed to grow fast. You don't need to work in technology or take venture funding. To grow quickly, you need to do something that you can sell to a large market,” explains Paul Graham. Ideas that solve problems that affect a lot of people are those that have the greatest growth potential. If you think that you can substantially improve a product and/or service that currently exists but that doesn't solve a big problem, or solves it in an inconvenient and inefficient way, go for it.Do not despair but persevere Patience is essential when creating a startup, don't set up a startup with the idea of being a millionaire, because you're already doing it wrong from the start. Try to persevere if things don't work out quite right at first, it will slowly take shape. Don't despair! The most likely thing is that when you start a startup your results will be negative and you don't even have money to collect your salary. You have to understand that when you start a business, you are the first and main investor in the startup.What if you succeed in making your startup successful?If you want to read more tips on how to create a startup and be successful click hither.
