I see many people are asking what is startups? Seriously, the answer is here. A startup is a venture designated to attain local to global growth fast. A company that is founded today does not really make it a startup company.
It’s compulsory that a startup embark on technology, or source for funding immediately, or pen down some kind of “exit window.” The most vital item is growth. All other things attached to startups, accompanied growth.
Recommended reading: “Startups – Definitive Guide”
Startups are a great way for entrepreneurs to start a business and become their own boss. They have flexibility, low overhead costs, and give you the opportunity to define the entire organization from the ground up.
However, not everyone is a natural fit for a startup environment, so it’s important to understand what they are and how to get started.
In this post you will learn:
- What is startup?
- How to find startup ideas?
- How to start a startup without money?
What is startups?
Startups are the engines of the world’s economy. They are responsible for much of the innovation that drives progress in technology, medicine, communications, energy, and other industries.
Startups also provide much of the employment growth in the modern world, especially in developed countries.
There are around 500,000 startups worldwide, creating almost 3 million new jobs annually. These companies account for nearly all net new job creation in the U.S., and by some estimates, about 15 million people work for startups worldwide.
The economic value created by startups is equally impressive; they account for 6-9% of global economy.
In other words, A startup is a newly emerged company that is trying to solve an existing problem or create new product or service.
The most important thing about the startup is that it must be solving some kind of problem, which people are facing in their day-to-day life.
How to find startup ideas?
The most difficult part of starting a company is finding an idea. The startup industry is flooded with new businesses, and many of them go out of business within the first year.
According to a study in The New York Times, in 2015 alone, there were over 1,000 startups that failed every week! That’s a lot of businesses going under in a year.
There are two main reasons why startups succeed or fail:
- Their ideas, and
- The team working on it.
In this section, we will talk about how to find startup ideas.
Where do startups come from? What are the ingredients that make a startup successful? Besides, you don’t know if the idea will geared toward success.
There are hundreds of books, articles, and podcasts on startups, entrepreneurship, and business. When I started my company four years ago I went crazy looking for information on how to start a company.
There are good resources out there, but they are scattered all over the web, you can always use this keyphrase – ‘what is startups’ in your online search.
I’ve written this guide to help people find startup ideas. It includes a detailed overview of what you need to know about finding startup ideas. Included here are few resources to help you in your startup.
Startups Idea Eureka:
Finding startup ideas can be easy or hard, depending on how you go about it. A lot of people spend too much time trying to find startup ideas in the wrong places, when they should really be looking for inspiration in places that are more likely to provide success.
The best way to find startup ideas is to look for problems that you have in your own life. If you’re looking for a business idea, try thinking back to all of the frustrations you’ve had with other products or services.
What are the things that make you want to pull your hair out? Those are probably great business.
How to start a startup without money?
No money? No problem!
There are many ways to start a business without needing to spend a lot of money. To illustrate, let talk about the process of creating an app without spending any money.
Creating an app is just one example of how you can launch a startup with very little investment. The idea here is that you can adapt the idea behind the app to your own industry and interests. All it takes is creativity and research!
The first step is to identify what you want your app to do, who will use it, what it should look like, and what features it should possess. Then you can use free App builder found on the internet to start building it.
However, starting a company is expensive, but you don’t need to spend thousands of dollars to get started. There are plenty of ways to start a company for free or on the cheap. These methods will get you up and running in no time.
You can make your own website for about $10/month, create marketing materials with Canva.com.
Use free online tools like Google Hangouts, Slack, and Wufoo to run meetings and communicate with teammates, take advantage of free or low-cost business software like Google Docs or Quip, and collect emails for free with tools like Mailchimp.
That is all about what is startups, pals. Don’t forget to share this post and drop your comments below in the comment section, because we want to hear your own view about what is startups.
