Tips on building your next startup...

1.??Start with a problem: Find a problem that needs solving, and make sure there is a market for your solution. Conduct market research and talk to potential customers to understand their needs and pain points.

Tip: There are several market research companies, but this comes at a cost. If you have a good social media network like LinkedIn Twitter or Facebook, simply post the question by running a poll or setting up an open event.

2.??Develop a solid business plan: I’m not big on business plans but it helps to understand the core areas of your business. A business plan should outline your company's mission, goals, target market, revenue streams, and growth strategy. It should also include a detailed financial plan, including cash flow projections and funding needs.

Tip: Business plan change, so do not think it whose, but it should always be focused on the core problem you are trying to solve.

3.?Build a strong team: So, at the start, it may only be you, but it’s a good idea to have someone that can help you in areas that you are not experienced in or find a co-founder. Surround yourself with talented and committed individuals who share your vision and values. Make sure each team member brings unique skills and expertise to the table.

Tip: Building a start-up can be very lonely, stressful, and unforgiving at times I'd recommend always having a support team around you. But in all, it can be very rewarding…

4.?Focus on user experience: Create a product that is easy to use and solves your customers' problems. Focus on delivering an exceptional user experience, and make sure your product is user-friendly and intuitive.

Tip: map out the process or customer journey e.g., most SaaS platforms require customer details before signing up understand how this can be achieved, and once a customer has signed up what further information that is required to operate the system.

5.??Secure funding: Determine how much funding you need to get your startup off the ground, and explore various sources of funding, such as venture capital, angel investors, crowdfunding, and loans.

Tip:?100% I'm a big believer that if you could bootstrap your minimal viable product (MVP) add a bare minimum then go for it. Seeking funding we've only an idea can be extremely difficult and can also lead to offloading way too much equity at the start.

6.??Build a strong brand: Develop a strong brand identity that resonates with your target market. Create a compelling brand story and visual identity that communicates your company's values, mission, and unique selling proposition.

Tip: A strong identified brand can set you apart from the competition it's important to be unique including identifying your market proposition.

7.??Stay flexible and adaptable: Be prepared to pivot and adjust your strategy as needed. Stay open to feedback and be willing to make changes to your product, business model, or marketing strategy if necessary.

Tip: In most cases, your MVP is going to give you a good understanding on what your customer what is a platform to solve their problems. And yes, the feedback may be a little different from what you think. This is where testing the market & your hypothesis. More on hypothesis-driven here - Hypothesis-driven & pirate metrics - SaaS Labs

8.??Stay focused on your goals: Stay focused on your long-term goals and stay motivated through the ups and downs of building a startup. Remember that building a successful startup takes time, persistence, and hard work.

Tip: It’s not easy, so I recommended finding the right support and having enough money behind you before you start. And if you can have a full-time job, do it as a side hustle until you're ready to make the jump.