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Struggling to Turn an Idea into a Startup? Here are the Keys to Navigating the Startup Journey

  • Identify market needs before building the product or service.
  • Conduct a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis.
  • Stay adaptable to a changing business environment.
  • Keep it lean to manage cost and risk factors.
  • Build a network of mentors, investors or vendors to gain momentum.
  • Bootstrap by relying on personal resources and business growth revenue.
  • Seek funding through crowdfunding, investors or venture capitalists.
  • Have a clear, concise and compelling pitch to attract potential investors.
  • Solid foundation for a scalable and adaptable business model is crucial for a profitable, long-term startup.
  • The startup journey requires right steps, building a foundation and entering market in a strong position.

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