Although startups are made with intention of rising quickly, they also run the risk of crashing and burning. Avoiding failure is best done by being prepared; behind every successful startup are months (even years) of preparation. Therefore, putting together a thorough startup checklist is essential for its success.
Work on your motivation
One of the main issues with the majority of failed and failing startups is wrong goals, or to be more specific, the worst single goal in the business world: money. Profit is an unavoidable part of business; without profit, a business is a hobby, or a charity. Your main business goal should be bringing a quality product to the table and shamelessly (as it should be) getting paid good money for it. If what you focused on in the previous sentence was “good money”, you’re going to need to work on your priorities.
One of the most exciting parts of running a business (if not the most exciting part) is creating a legacy by bringing something awesome to the market. All of this stems from the main idea, which serves as your fountain of motivation, your compass, and as the essence of your (future) business.
Coming up with this main idea, however, is one of the trickiest (and scariest) parts of establishing a business. You can’t really force it – you either have it or you don’t. The good news is that originality, while admittedly an awesome asset, isn’t an irreplaceable factor here. You’d be amazed just how many world-renowned brands came to be as a result of an improvement of an already existing idea. Take Google for example: the idea of an all-in-one search engine wasn’t an original one – it came from analyzing the downsides of Yahoo and using them to climb their way up the food chain to the top, where the famed search engine still remains to this very day.
When it comes to the main idea, it’s either originality or significant improvement that breathes success.
Prepare business premises
Just as your home is a pretty accurate reflection of yourself, your office space defines your business. Sure, almost every startup is strapped for cash initially, but an unseemly workplace can do more damage than you might think.
No matter how perfect the team that you’ve assembled is, they are doubtlessly going to appreciate a positive working environment. First of all, the office space needs to be clear of clutter. Australian entrepreneurs commonly refer to professionals for these purposes. Almost without an exception, an entrepreneur from the Australian metropolis will opt for professional junk removal in Sydney – they don’t refrain from cashing out for these services and neither should you.
Assemble a perfect team
Qualifications are glorified letters, words, sentences and paragraphs written down on a piece of paper – they might mean a ton, but can also turn out incredibly misleading. An integral part of a successful entrepreneurship is a team to brag about. Traditional management practices are, not always successful, and this is usually a direct result of executives hiring the wrong bunch of people, which is usually a direct result of an endless pursuit of mind-boggling qualifications and rushing things.
Sure, assembling a passionate, motivated team may take not only time, but research and, above all, a lot of effort, but an impeccable team will allow you to empower them as much as possible, get out of their way and watch them do miracles.
This is something that the big data philosophy can help you with – researching your employees means using social media and the internet in general to find the perfect candidates for your business army.
No matter how small your business idea is, it is best treated professionally. It all starts with a fantastic idea with an intention of making something huge and awesome out of it. Without a healthy and clutter-free work environment, however, even the world’s best team will never be at a 100%, and no matter how big a deal you make out of preparing the business premises, anything short of a perfect employee ensemble simply won’t deliver.