The Startup Mindset
13 Essential Things Every Startup Founder Must Do
The Startup Mindset is one of the most important things that every startup founder must-have.
This mindset gives you a clear vision of the best and most effective way on how to achieve success as an entrepreneur.
There are many things that a founder must learn about this mindset in order for him to have a successful business.
1. Focus on your main product and don’t forget about your core product
You might already know that there are several products that you can develop or create from your main product, especially if this product is an App.
This is one of the mistakes that many founders do not want to do.
They spend their time working on side projects instead of focusing their time and money on developing the core product — their App.
The reason why there’s a need to focus on one’s core product is that it will then help him create several other great and innovative products which will help him expand his business while he focuses his time and attention on developing his main product as well as making sure that it has everything needed for it to be successful in the market (that is if you want to make money with your App).
2. Decide what you want to do with your startup
You might already know that ideas are not that hard to come by.
However, coming up with a good and profitable idea is something that takes time, effort, and creativity.
This is why you need to keep in mind that you need to decide what you want to do with your startup.
There are several questions that you need to ask yourself before you get started.
Some of these questions include: What is my product? What features will I have? How can I make my product known in the market? What are my competitors doing right now? How can I beat them? Do I really know the market that I’m trying to sell in?
It is important to think about all of these and many more questions since they will surely help you come up with a good and profitable idea for your business.
3. Create a plan for your startup
If you are starting a business, then it’s important for you to create a plan that will guide your startup towards success.
If you don’t want your business not to be successful, then it is very important for you to at least create a plan that will help guide it towards success.
The question now is how will creating a plan help achieve success for your startup?
The answer is basically because if you don’t have a plan then how will you know where and when exactly things should be done in order for them not only to be done properly but also done in a timely manner?
4. Find out the best time to launch your product
The best time to launch your product is basically when you know that it’s ready and that there are already many people interested in buying or using it.
This is because launching your product during a slow period will only leave you with low sales, and this can be very bad since it will only make you lose money.
It is also important to launch your product when the market is ready for it, otherwise, you might end up wasting all of the time and effort that you put into making it.
5. Make sure that your app is compatible with the latest technology
One of the best reasons why it is very important for you to make sure that your App is compatible with the latest technology is because this will make it very easy for people to download and use it.
If they can’t use it, then they might just decide to go for an App that does not have so many issues.
If you want to keep your customers happy, then you need to make sure that your App is compatible with the latest technology so that they won’t have a hard time using it.
6. Know how much time and money you are going to spend on developing your product
If you want to be successful as an entrepreneur, then it will be a great idea for you to know how much time and money you are going to spend on developing your product.
This is important since if you don’t know how much time and money you are going to spend on making your product, then there’s a good chance that it will take too long or cost too much money for development.
This way, by knowing how much time and money will be spent on developing your product, you can easily calculate how much money you will be making or losing when your product comes out in the market.
7. Develop a strong team to help you build your startup:
The reason why it is a great idea for you to develop a strong team to help you build your startup is that it can help you save time and money.
If you are not familiar with this, then let us tell you that building a startup is not an easy thing to do.
It requires time, effort, and creativity, which is why having a team of people who are willing to join your business will surely give you an advantage over other startups out there.
These people should be very talented especially if they are going to help make sure that your business will be successful in the market.
The team should also have diverse skills and experience because this way it can easily adapt to any situation that might happen during the process of developing and launching your product.
8. Hire a good designer for your app
The reason why it is very important for you to hire a good designer for your app is because it can make sure that everything about your product will look great, especially if it’s an app.
One of the key things that differentiate successful apps from other apps is good design and interface, which is why it is very important for you to have a designer who can make sure that your app will look good.
9. Make sure that your product will be able to get the attention of the people in the market
One of the best ways on how to make sure that your product will have enough attention from the people in the market is by making sure that it has a great design and interface.
If you want to attract a lot of people, then it is very important for you to make sure that you are going to do everything possible so as to ensure that your product will look great.
This way, you can easily attract more customers which can later lead to more sales and profit for your business.
10. Make sure that you know everything about the market where you’re selling
The reason why it’s very important for entrepreneurs who are selling products or services in a certain market or area to make sure that they know this market is because this way they will know what their target customers like and dislike about similar products sold by their competitors.
By knowing what their target customers like and dislike about similar products sold by their competitors, they’re able to make sure that they are going to use these things when developing and creating their products.
11. Make sure that you know everything about your competitors
If you want to have a successful business, then it is very important for you to make sure that you know every single thing about your competitors.
This way, you can easily make sure that you are going to be able to have a better product and service than them.
If this is the case, then there’s a big chance that you will be getting more customers than them, which will surely help you increase your profit in the market as well as help you gain more success as an entrepreneur.
12. Make time for marketing and advertisement
For your business or startup to become successful in the market, then it is very important for you to make time for marketing and advertisement of your product.
This way, people will be aware of what your product does — whether it’s online or offline — which will surely give them an idea of what to expect from it when it comes out in the market.
Making time for marketing and advertisement of your product can also help increase sales since more people might buy or use your product once they are aware of what it does.
13. Make sure that you know what to expect from the market
The reason why it is very important for you to make sure that you know what to expect from the market is that this way, you can easily make sure that you are going to be able to create a product and/or service that will be useful or needed by the market.
This way, you can easily attract more customers once your product comes out in the market which will surely help increase your profit as well as help your business gain more success in the market.
About the Author
I am the Founder of Cudy Technologies (www.cudy.co), a full-stack EdTech startup helping teachers and students teach and learn better. I am also a mentor and angel investor in other Startups of my other interests (Proptech, Fintech, HRtech, Ride-hailing, C2C marketplaces and SaaS). You can also find me on Cudy for early-stage Startup Founder mentorship and advice.
You can connect with me on Linkedin (https://www.linkedin.com/in/alexanderlhk) and let me know that you are a reader of my Medium posts in your invitation message.
