Wednesday 5 August 2015

The Top 10 Rules for Student Startups

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Probably every third student dreams to use his 4 years of college as a perfect time for a startup. Every student wants to become successful and famous, to farewell to student loans and earn oneself a decent living. And just as well every student wants to spend minimum time and money on it. However, to become a serious competitor on the internet market, all students need to know the basic rules of successful startups. So:

  1. Do one thing, but be the best in it. Usually, the winner is the startup that brings its little feature to perfection.
  2. Stand out. Be different from others. You need to create something so great, that it would be spoken about abroad. You can’t drag your startup to serious level by simple involvement in the project. Examine the demand and supply, and then figure out a way to stand out from the competition.
  3. Choose a memorable name for a startup. Look for all sorts of options, test, ask friends, family and passers-by. People tend to choose catchy and neat names.
  4. Develop your logo. It must be quickly memorized and easily recognized. This way information about you will spread by word of mouth.
  5. Always consider your customers. It is the most important part. If you do not know the basics of usability, then learn it. Custom software development plays an important role here. It is better to redo a function 100 than to leave it wrong. You have to live and breathe with your customer needs. If your startup concerns online business, do not forget that innovation is the best way to stay afloat.
  6. Firework. An interesting game of words. You must shoot your work from time to time, and remind about your startup with different activities and social events. It is easy to do in college. Here a big budget is not so important as a well-publicized event. Make your competitors pretty nervous. You will be able to attract the attention of your consumers as well as your competitors.
  7. Long-term cooperation. Don’t be lazy to carry after your investors. Every startup has different spheres of cooperation: investors, creditors, suppliers, contractors, consumers. Try to go a little further into economic discipline. After all, with all of them you’ll need to maintain a two-way dialogue.
  8. Business is not a risk. Many people want to reach success in business, but not all of them do. Why is that? They are afraid of risk. However, if you start with nothing, then you can go back to nothing. Take it as you have nothing to lose.
  9. Search for solutions. Never leave problems unresolved. Otherwise, they will snowball on your head. Be dynamic and always develop.
  10. Be greedy. You have to be greedy about everything: ideas, quality of execution. The more the better … Look for additional income that will accelerate the growth of your startup. Try to add a donation button.

But of course the main key to success of the student startup is the quality of the actual product or offer. Try it yourself, and then you will know all its advantages and disadvantages. Stay on one foot with your business and your customers.



from Darlene Milligan http://ift.tt/1KRgJwn via transformational marketing
from Tumblr http://ift.tt/1MQw8iE

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