10 Essential Tips for Launching Your Successful Startup Today
2.Customer guarantee's to buy if you develop new products.
Do a survey, make customer interaction , explain about upcoming or future product, ask whether customer will buy. Never release a product without 98% costumer Green Signal.
3.have continuity or recurring income in your business, investor sees that.
Investors are not interested on Transactional income, where there is give money and take product strategy is built up.
They are interested on a fixed income business, profits, even though the owner is not involved whether that income is running without fail.
4.Take care of investor,decider,influencer.
Decider is who forces the buyer to take product.
Influencer is who creates environment to make customer buy the product.
(ex:-Ads like Dairy Milk, Johnson baby products)
Influencer:- where Ad's show need to buy the product more eagerly, like Dairy milk sweets, chocolates to buy during festival.
Decider : - Baby products Ad's show emotional relief on using products for a crying baby to a smiling baby(Here Mom's will be decider).
5.consumer feedback.
6.Make a ecosystem of dependency like facebook,youtube platform where multiple Tran's happen ,platform made content means business can run without you.
ex:-Facebook or YouTube allow the costumer's to write & control content ,here more hard work is by the costumer but business is for YouTube. They earn by Ad's and the business will run without owner involvement.(This kind of business model's attracts investor's)
7.Develop a team of not trustable or family people but a team of innovative,high perfomancing team who can run without you.
Never make a family or a friend to run a business instead recruit innovative & creative team.
8.first product should not be final product always upgrade products .(Key for successful business).
Always bring new product, go with the generation, trend's, new technologies, idea's.
9.Ask team again and again how to improve ,customer feedbacks.
