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- How to start business
- What are key performance indicators of Business?
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- Key problems in Manufacturing Industry
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Tips for finalizing Idea of your startup
So the first question is how does idea come, is it like you sleep and get idea at night and you get up morning to implement the idea. You wanted something and didn’t find any provider so that triggered you to think of Idea.
You had been to foreign country where in you came across a service or concept which when you visited your hometown where in you didn’t come across the same and this triggered idea to start.
You used an existing service and felt there was scope for bettering this triggered idea. Well all the above are one of the triggers which give you seed of your idea and the best thing is all these happen when you are open to start something
The same way lets analyze how these areas of triggering ideas also have relation with your ability to start.
The best way to finalize is keeping in mind your strengths and your sole contribution to the idea to implementation stage.
The areas, which you want to start business, are generally those where you know the whole process and it’s your strength with experience that you have done. For example like you being a technical person cannot get into starting financial services.
Fine you may have got the idea and also validated it but just being out of your domain of expertise it will ensure that you start thinking do I need to do this. The reason being why you get ideas in the areas your domain is for the simple reason it gives you confidence to do things when you have already been in it.
Usually startup founders are those who have been in the respective domains and having started off, but this is not the thumb rule it can be anything and everything.