Start up Experience?

Being part of a family where entreprenuership runs in blood, it has not been an impossible step to think of starting own company. Am already in process of finalising things in mind and then taking them into action. However as a starter myself, I have been through some tedious and brain racking task of concieving a Startup. So here's a brief 10 pointer experience sharing list! I hope its helpful.. be good and be an entrepreneuR!

1. Be sure of what you want to deliver in terms of service/product. Idea is to be sure first and then Just focus on that particular thing for atleast a predefined period of time before re-valuating the product.

2. Have a time line in mind. Bisect it into phases. For e.g. in terms of traget, say 300 units sold in first quarter, 700 by second etc. REVIEW.

3. Be very clear about your Revenue Model. Any sort of vagueness in this regard could lead to extreme pressure, stress and lack of focus at a later stage when other things would require a lot of your attention. You don't want to feel like being in a 'no clue' stage.

4. RESEARCH RESEARCH RESEARCH, this is a ground level need, this will make you realise if your product/service is worth it or not. Also Researching helps you gain lot of knowledge about the product you want to offer from a fresher point of view.

5. If possible, do an internship or brief job in the related sector. It will make you grab the basic frame work of 'the working model' for your business. Also this helps in lot of networking with similar stakeholders.

6. Study competitiors thoroughly

7. Talk to everybody with a mind and get feedback about the idea.

8. Internet is the most helpful resource you will ever find in todays world to enhance your knowledge and skills. So get a fast connection asap! Make it your best friend.

10. Don't give up, Persevere, Rome was not built in a day.