A startup company entrepreneurial venture which try to meet the need of market and make a solution with its product or service. A startup usually designed to build a scalable business model. If we look at record book there was a much more record for startup failure but its also true that the successful startup company lead the whole industry.
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Here a proverb goes “Within 10 Startups, 9 startups become failure”
So there needs some proper plan for starting a Startup Company. So I try to write something about the process of building an idle startup company in Bangladesh.
- Select a unique product or service or do something that solves any problem from our society.
- Make sure what you want to do and look what your competitor does.
- Take advice from some experienced persons.
- Make a startup budget for your business and found the source of the budget.
- If you select your product or service than keep a name with it. Try to make it simple and user-friendly.
- For any kind of business, you need a trade license. So do a trade license for your business. Noted: Don’t think it’s small. Every small thing grows for big.
- Hire someone who is expert for that product or service. (If you have one of your partners than skip it.)
- You have to need a strategic plan or planner.
- For this digitalization period, you have to need a website for your audience.
- When developer develops the website, you make some marketing planning with your strategy planner. For that, you should take some small step for your business.
- Target your audience. Analysis the best marketing strategy with alternatives.
- Day by day develop your idea and strategy to solve the problem and archive your goal.