AZ How to Start a StartUp Business, Step by Step You Should Know

In this digital age, there is one word that is sexier than the various words that are often milled about on television. The word is startup. How not, this word incarnated as one of the ideals of many people. Especially if you look out there, there are already many successful startups and making big profits.

However, do you know what startup itself is? If you are really curious, the author will invite you to delve deeper from A to Z about startup business and how to get started.

Understanding Business Startups

Reported from Wikipedia, what is meant by sbusiness startup namely startup companies. Yes, nothing more and nothing less. Short and in accordance with the meaning of the term itself when translated into Indonesian, “to start”.

Meanwhile, launching from one of the published articles Forbes, the startup terminology itself is more interpreted as a company that wants to help humans solve problems, but with uncertain solutions, and there is no guarantee of success.

Among the intertwining of all meanings that are difficult to understand, the author agrees more startup meaning given by the head of the startup incubator Y Combinator, Paul Graham. According to him, even a five-year-old company deserves to be called a startup.

“Later on, when he was 10 years old, this company started to expand its reach. However, the main characteristic of this type of business is its ability to grow. The reason is that startup companies are designed to grow fast,” he explained when interviewed by reporters Forbes a few years ago.

In addition, continued Graham, the company’s focus on growing rapidly is no longer bound by geographic boundaries. That’s what separates a startup from a small business.

“For example, a restaurant in one city does not deserve to be called a startup. This is also the case with a franchise business that only focuses on one country,” concluded Graham.

How to Start a Startup Business

Conclusions we can draw from several startup meaning The above is a company that has just been started with a product that aims to help the needs of many people but does not yet have a picture of the market that fits and is not limited by region or geography.

We can find examples of the above understanding from the products owned by Go-Jek. This startup from Indonesia, which now has the status of a unicorn, is arguably one of the best and has succeeded in making life easier for the Indonesian people.

Each service is a solution that has been sought so far; if you don’t have a motorbike, you can call an ojek, lazy to leave the house can use the Go-Food service, even if you want to lie down without cleaning your room, just call Go-Clean.

And the success of Go-Jek has triggered the explosion of new startups in Indonesia. Everyone wants to come out victorious. Each offers products and services that will be accepted by many people.

Do you have a desire to develop a startup? Or do you already have a startup plan but don’t know where to start? If that is indeed what you are worried about, the brief description below can help you find a bright spot.

Create a Business Plan

The author assumes that you already have an overview of the startup business that you want to develop. The next step you must do is create a business plan (Business Plan). According to research conducted by various market research institutions, business plan A mature and well-executed one can increase the percentage of your startup company to develop.

On the other hand, if a company starts and grows without a deep and long-term business plan, most fail halfway through. Usually because the capital has run out even though the profits have not yet been seen.

In simple language, a good business plan can briefly describe the future of your company. You simply explain the outline of the plan you want to do and the steps in making it happen.

Typically, this plan includes a 3-5 year plan of the business strategy. That’s why business planning is the first thing you should do on your list. The reason is, you can use it as a reference in developing your business and products when the company starts running.

Find the Right Funding

If you want a startup company to breathe, of course it requires a certain amount of capital. And as to how much the exact amount, of course, varies; depending on the type of industry your company is in.

Now, there are many ways to get startup business funding. You can get it from crowdfunding or mutual funds, bank loans, Angel Investors, venture capital, friends or family, and personal funds.

In the United States, there are 556,000 startup companies launched every month. On average, this company has an initial capital of USD 78,406. And for sources of funds, savings or personal debt is the highest source that is used a lot entrepreneur foothold in developing their business.

Hire the Right People, Not People You Know

Like businesses and companies in general, startups also need employees so that the company can run normally. So that the flow of production and distribution can run smoothly without a hitch.

However, if your company is still at its starting point, where do you start looking for employees? Or, how many employees do you need so that all parts can run without too many obstacles.

For this, the answer depends on the type of industry. According to research conducted by BusinessInsider, the average startup company engaged in technology is filled by a small team. You will certainly get different numbers if you look for the number of employees at startups engaged in other industries.

In addition, before determining how large the number of teams you want, it’s a good idea to consult with the company’s financial advisor. The hope is that the number of employees you propose will not burden the company in the long run.

Build an Office Then Create a Website

Starting a startup company (eliteworldhotels.com)

As an official and legal company, of course you need an office address and website. It doesn’t matter if the office is still rented, borrowed, or even in the form of a small shophouse. What is certain, can guarantee the smooth running of employees in production.

Especially when you start looking for investors. You certainly need a building that is representative enough for them to believe that the startup company you founded is really promising. Prospective!

In addition to a physical address, you also need a virtual address. Yes, you need to build a website. Through the website, you can introduce products and startup companies that are being developed to the general public.

In addition, you can easily make presentations, when dealing with larger investors.

After reading the description above, hopefully you can better explain the steps that must be taken. How to start a startup business above has been proven a lot entrepreneur,how come. And now, it’s your turn to prove its efficacy.