How to start your own company or venture?

Start your own company

If you are thinking of starting your own company then there is no good time to start a company. Start now, it does not matter who you are student or working professional.  Many successful businessmen started without any prior experience of running a website. 

Never be afraid to try something new. Remember, amateurs built the ark. Professionals built the Titanic. - See more at: http://www.excelliving.com/22-motivational-quotes-to-read-before-starting-a-business-2013-06-20-13176.html#sthash.oeY5rAjD.dpuf

Never be afraid to try something new. Remember, amateurs built the ark. Professionals built the Titanic. - See more at: http://www.excelliving.com/22-motivational-quotes-to-read-before-starting-a-business-2013-06-20-13176.html#sthash.oeY5rAjD.dpuf

Never be afraid to try something new. Remember, amateurs built the ark. Professionals built the Titanic. - See more at: http://www.excelliving.com/22-motivational-quotes-to-read-before-starting-a-business-2013-06-20-13176.html#sthash.oeY5rAjD.dpuf

Never be afraid to try something new. Remember, amateurs built the ark. Professionals built the Titanic. - See more at: http://www.excelliving.com/22-motivational-quotes-to-read-before-starting-a-business-2013-06-20-13176.html#sthash.oeY5rAjD.dpuf

"Never be afraid to try something new. Remember, amateurs built the ark. Professionals built the Titanic."

Never be afraid to try something new. Remember, amateurs built the ark. Professionals built the Titanic. - See more at: http://www.excelliving.com/22-motivational-quotes-to-read-before-starting-a-business-2013-06-20-13176.html#sthash.oeY5rAjD.dpuf

What is the first step to start a company?

Start with an idea or by giving the solution of any real life problem. If you are fresher in this field then I will recommend you to start with simple idea.  Don’t start with any big or complex idea. If you try anything big then you will not only find it difficult to execute this but also you will lose your interest in starting your own company.  A paper clip is also an invention and has a million dollars turnover.  So start with anything simple.

If you don’t have an idea but has some skills and expertise then join a startup company in his early stage that need a person someone like you.

If you have already an idea to start a company then start acting on it. Here are the some steps which might help you to start your company.

      1)      Start with research. Research is most important thing prior to start a company. For a case, if you have any internet startup then do some research and get some statistics like how many people search about this by using Google insight tool or Google keywords tool.

      2)      After research figure out what are the things you needed to start a company e.g. money, human resource, skills, space etc.

      3)      Now start with limited resources and don’t worry about the money, skills, resources and support since nobody comes with all of these, all have to get all of these by themselves. In this journey you will figure out how to deal with all of these problems. As you go deep into this you will not only become more knowledgeable but also become a great leader.

      4)      I am assuming that you will make mistakes as we are human and we do mistakes. So as soon as you realize your mistake it will be much better for you. Most of the companies use fiscal year to evaluate their company growth and to know whether their new strategy works or not. So you should follow the same.

      5)      Don’t expect success in just few weeks. Every startup takes time to gets momentum.It needs continuous efforts and patience. The ideal time to judge a company is 6 months. 

After following these steps you can bring your idea into real company.  Now, to take your company to the next step you will need the help of some accelerator programs or angel funding.

There are so many startup accelerator programs in the world to help Startup Companies in their growth by providing them mentorship, resources, space and seed funding. If your company is in pre-revenue stage or earning some revenue then these programs are best for you.

Now if you are making some good revenue then you can also apply for angle investment to expand your company portfolio.

 "A business has to be involving, it has to be fun, and it has to exercise your creative instincts." ~ Richard Branson

 

See you soon with my new article.