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What to think about before starting a startup

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**For presentation notes and elaboration on each point feel free to contact me

A presentation on the things to think about before just "Starting-up".
I work with many founders and these are some of the main points that come up again and again.
I hope you find this helpful.

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What to think about before starting a startup

  1. 1. WHAT TO THINK ABOUT BEFORE STARTING A STARTUP ELIYA ELON DIRECTOR OF EDUCATION & ACCELERATION @STARTAU
  2. 2. THIS IS ME
  3. 3. FOCUS ON IMPLEMENTATION. NOT IDEAS. • The success of a startup is purely dependant on execution • Ensure that a profitable market exists and focus on your USP “It’s not about ideas. It’s about making ideas happen.” – Scott Belsky
  4. 4. IDENTIFY A PROBLEM AND SOLVE IT. • In order for you to be incentivised to work on your startup, pick an issue close to heart • Once you have gained a personal experience of the issue, you understand what needs to be done “The best startups generally come from entrepreneurs needing to scratch an itch.”—Michael Arrington, Founder—TechCrunch
  5. 5. PERFECTION IS OVERRATED. JUST GET IT DONE. • If the focus is purely on perfection, too much effort will be placed in the production process on adding new feature, instead of creating a product • In simple terms – it is impossible to earn money if you aren’t selling anything! “If you are not embarrassed by the first version of your product, you’ve launched too late.”—Reid Hoffman
  6. 6. DESIGN IS SECONDARY. FOCUS ON THE SOLUTION. • Your product should be centred around the USP, not on good- looks • Remember – people don’t buy from Amazon because the website looks pretty “Customers don’t want a design. They want a solution” - Unknown
  7. 7. CUSTOMERS ARE KEY • Products were created for the customer – not yourself • Be open to constructive criticism! “Don’t fall In love with your product. That’s the customers job.” - Unknown
  8. 8. VALIDATE YOUR PRODUCT • Gut instinct is important – but more critical is discovering whether or not the customer is satisfied with your solution “Until you ask, you cannot know” - Unknown
  9. 9. FEEL FREE TO CONTACT ME

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