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Attributes for Start Ups!

Going through the Economic Times Entrepreneur today morning was moved to write about it.

As we all are well aware Indian market is going through a Startup revolution, however staring up has its own risks.

In order to take your Business to market with its own share of risks first you need to have a successful team which is motivated enough.

If you are in for a Starting here is a dummy’s guide to start a successful start-up.

Start with an Idea:

If you’re thinking of starting a business, you first need to come up with a realistic idea you can turn into a product or service.

I was in your shoes when I completed my education, had a drive to start up on my own.

You need to check if you fulfilling a need in the market? Like Uber provide us with rides fulfilling one of our needs

Over 3,500 startups were founded in 2015 in India, as per a study by Tracxn. About US$7 billion was poured into the new ventures by investment firms as India’s startup sector remains the hottest bet on the planet.

Thousands of internet entrepreneurs are being minted in India every year. However, only a few have stood out with their startups. Many of those are on the way to achieving unicorn status.

Problem Identification If any

When working its essential to identify if any pain-point exists or may have a possibility

The reason being the rate of failure is high for some startups as they do not focus on what problems to solve.

The best way is to solving in a way no one else could or would extend to.

Understand what makes you good at what you offer?

What is your unique selling point and does this USP make your product or service better and more marketable than any other product or service in your field?

This helps you to enhance your banding and marketing

Identify your Target market

After you've identified your primary market, your advertising should match that focus. Research your market. Knowing your target audience is critical: Your ads won't work if they don't appeal to what your potential customers want or need. Research and find out as much as possible about the people you want to sell to.

This may seem to be simple but a lot seems to miss on this.

Focus: Consumer Oriented

What is Consumer Orientation?

A group of actions taken by a business to support its sales and service staff in considering client needs and satisfaction their major priorities. Business strategies that tend to reflect a customer orientation might include: developing a quality product appreciate by consumers; responding promptly and respectfully to consumer complaints and queries; and dealing sensitively with community issues.

So when it comes to our diversity of population it’s very important for the working team to exhibit and reflect the required diversity.

The diversity in marketing approach provides wider spectrum for the audiences helping to understand their needs.

Research

This is necessary to be in synchronization with the market

Changes provide advantages and perks which can be harnessed to race ahead while market study can provide concerning matters which can be handled in right time and over come

Seek Professional Assistance

To motivate and bring the best of others, you must start by motivating yourself.

A good team leader is a role model. Especially with characteristics that are expected from other members of the team. Being able to put together a productive team is the most important task team leaders have.

Supporters like Mentors, Consultants like us help in giving the right direction towards the successful journey for a startup.

We help building the Infrastructure with the qualified lawyers, charted accountants along with vendors with various specializations to establish a startup

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