Startup Key Notes

An idea is like a seed, an impression of a concept or a notion that revolves around a seemingly successful product or service. It is a thought that needs some amount of commercial validation before it shapes self into an opportunity.

The most important phase of any startup is the Foundation which comprises of Ideation and Concept Building, Idea Validation and Enhancement, Idea Presentation and Pitching.

Key Notes:

·       For anything, START or FOUNDATION is most basic and very important. Strong Foundation leads to greater success.

·       Never start with the design or any other technical points while thinking about the idea or concept.

·       Create personas for each customer segment.

·       Thinking about the idea in technical angle changes the idea person’s view of the problem, and

·       Identify problems, issues, pains, gains and needs of potential customers.

·       Find solution(s), a way to solve problems and issues or fulfill the needs of potential customers.

·       Now start thinking how best the solution can be provided, a low cost and as simple as possible

·       Never neglect even to perform a tiny step in this phase.

·       Wow factors for founders might be features and profits. But for most of the Investors, it’s the startup team and their execution and ROI as well.