Why Startup ?
The BIG question you want to ask yourself before you startup a venture is “why should I startup ?”. The answer lies within you. You are restless, you question the status quo, you have more questions than answers, you are experimental, you dream of changing the world, your have an endless to-do list, you see things differently, that’s why you startup! Your risk appetite and passion to change the world can lead you to become one among the successful startup business and later into an enterprise that impact the humanity positively.
If making money is your passion, then look for an attractive investment plan than struggling through the challenges of a startup.
How and when to startup ?
Pull out few potential startup ideas from your endless to-do list and incubate them. Learn about the problem your idea is going to solve and the impact of your solution. Talk to people and listen to their body language. A potential winning idea will soon emerge and your are ready to test the waters. This is when your passion be tested and time has come to take the big plunge. You may want to look for some cool names for the startup and spent your valuable time designing great logos and identity.
But it’s time to prioritise your to-do list and do first things first. It’s time to validate your idea by building a proof of concept of the solution. It’s time to be full timer and show that you trust your own idea before expecting others to trust you. You need to trust people and collaborate to achieve the unthinkable. Building an eco-system of cross functional team and engaging in constant collaboration is the new mantra to stay versatile. Hiring for your startup could be challenging while finding place to work will be even more challenging.
Finding the right startup workspace.
You can start with working out of home by investing in simple home office furniture. Eventually you need to move out as you home will get more and more messier. Looking for co-working spaces is an easier option when your team is less than four members, but as you grow more it is better to have your own workspace. Setting up your office in rented apartments can help you save cost on office rentals. Make sure your startup workspace is inspiring and fuels your innovation. Used office furniture may be financially attractive but may not inspiring and may not give you value for money. Local contractors and carpenters online may help but it’s not the time to spend your quality time on such activities.
Best option may be to rent office workstation furniture for the first few years of your startup. There may be many service providers that may offer attractive online office furniture solutions, hence it is worth checking out. You will have to fund yourself and your team in the early stages of your startup until your POC (proof of concept) is working and you have few customers. It’s no brainer to work lean and smart during this period than burning out your cash and resources.
Learn to work smart and lean.
Its is important to know how to work smart and lean. Using simple video conferencing tools can save your money and time especially when your are located in metros and cities. One of the most emerging ideas in office space design is flexible workspaces. Eliminating conference rooms can free up your expensive workspace for adding more staff workstation furniture. Using innovative products like Jamboard from google or Mingle Connect LITE from Gemklip.com, can help you save time for your meetings. These are mobile and flexible video conferencing carts. These units can be simply carted to the staff area rather than the staff moving into the dedicated and rarely used conferencing rooms. Moreover, your staff area becomes a collaborative space for ideas to bloom.
Most importantly, startups need be one their toes to learn and continuously improve. One of the coolest methods is to attend start-up meetups where entrepreneurs candidly share their success and failures in their ventures. They can give you exposure to the harsh realities of managing your strat-up. Other methods include watching talks and videos of visionaries and stay motivated to hang on.
Hang on !
Once your POC starts working and you have few customers trusting your solutions, you can look up on ways to scale up your business. Your challenges are different now and the journey goes on. Your journey will be very challenging but you can make it exciting by establishing a good work life balance and gathering support from friends and family. Patience is key to the the success of your startup and there is nothing to loose if have to wind up. The days you spend building your startup would have taught you the best life lessons which you would not have learnt from anywhere in the world. You are better off as a person and an entrepreneur, to take on to any challenges in future.
Contributor : Shanavas M S
(Design Entrepreneur with more than 15 years of experience handling customers including small business and startups.)