Entrepreneurship is a growing trend nowadays. It opens up a new path with opportunities that lead youth to glory. However, along the path, there will certainly be difficulties and challenges in which without preparation in advance, they will easily fall. As a consequence, through this article, SURF 2021 introduces you to 3 methods to start a startup to minimize risk.
1. A GOOD IDEA WILL BE A “COMPASS” THAT FAVOURABLY OPENS A START ON THE START-UP JOURNEY
Any successful start-up starts with a good idea. A good idea must be the one that solves remaining issues in society. Ideas can originate from personal or social problems. After searching for the idea, idea evaluation is extremely important. There are 3 steps to focus on: analyze problems, understand target customer’s problems and analyze market needs; evaluating the idea will help you quantify its prospects of growth.
Start-ups can conduct surveys targeting a group of customers they are approaching to generate detailed results about their business ideas. In addition, participating in start-up exhibitions such as SURF 2021 is also a way for you to explore ideas, and get opportunities to receive start-up evaluation and orientation from experts and investors.
2. LOOKING FOR A SUITABLE CO-FOUNDER IS A PREREQUISITE FROM THE BEGINNING STEP
“If you want to go fast, go alone, if you want to go far, go together” is true in the business field. Finding a companion who shares goals and direction will assist you a lot in work and even in mental matters. Co-founder will fill in the Founder’s missing parts in terms of expertise, and be a companion to help a corporate overcome risks and crises.
You can find them through surrounding relationships, through start-up communities or at start-up events and exhibitions. Actively expand relationships as well as participate in more programs, because perhaps you will find your soulmate on the upcoming journey.
3. IN ORDER TO ATTRACT INVESTORS, PITCH YOUR IDEAS IMPRESSIVELY
A start-up will need a certain amount of capital to operate and develop. Therefore, one of the ways to start a startup which avoids risks and maintains a long-term business is to call for capital from investors.
Clearly pitching business ideas at start-up events and exhibitions will be a great opportunity to impress investors. Thereby, start-ups can maximize their chances of receiving investment capital. Join SURF 2021, prepare a thorough pitching scenario along with actual business data to call for investment from guest corporates, as well as seize a chance to participate in Techfest 2021.
These are 3 methods to start a business for the first time that founders avoid risks. We hope that the above sharings will be useful for your startup path!
Extended Danang Start-up Exhibition – SURF 2021 takes place on November 15th, 2021 with the theme “Adapt – Transform – Accelerate”. If you are incubating a start-up project and want to approach experts and investors, please register to participate in the Exhibition right at the link below:
In-detail information about the program here