Did you know that not every new business can be called a startup? To receive such a title, a project must have two important characteristics: innovativeness and scalability. Based on this, a startup is a business that acts as an innovator in the market and tests untested solutions (new technologies, products, services) while having growth potential.
Step 1: Find “your” idea
A startup can be called a business experiment based on a unique idea. And finding it can be harder than implementing it. To generate an idea that will work for you, you need the right approach:
- Choose a direction where your interests, expertise, and knowledge intersect. It is important that you want to engage in this activity and understand the basic aspects.
- Analyze what moments in this direction do not suit you that you are ready to complete their elimination on your own. It would be best to focus on problems that have not yet been solved.
You should have your own vision of the situation and the further path of the idea. Yes, according to the founders of Airbnb, initially, they did not have a common vision of the business, as they were focused on design and engineering.
Thanks to the unique concept of rental housing, the company managed to create a new niche almost from scratch. However, this is the exception rather than the rule.
It is better to form a clear vision of the project at an early stage and agree on it with the partner. And only after this is it worth moving on to testing the idea.
Step 2: Study the market and test the idea
According to statistics, only 1 out of 10 startups achieves the goal. And most often, failures are because the company offers a product that is not interesting to the audience.
No matter how innovative your idea is, this does not guarantee its relevance in the market. That’s why niche analysis is one of the valuable startup stages, without which it is impossible to do.
You can make sure that your idea has prospects in the current conditions using the following methods:
- PEST. This study covers a range of external factors that affect business competitiveness and the business environment. Analysis of 4 areas: political (situation in the country/region/at the international level), economic (interest rates, exchange rates, supply/demand), social (demography, culture, lifestyle), and technological (trends, government support for innovation).
- SWOT. The analysis aims to identify factors of both external and internal environment, which helps assess the ability of a startup to overcome difficulties. It refers to its strengths, vulnerabilities, weaknesses, external incentives for promotion (e.g., strong partnerships), and potential problems.
- Five Forces. The purpose of the method is to study the situation in the industry in-depth and draw up a business strategy based on the data obtained. Forces here are understood as factors that contribute to the formation of any market. As part of this analysis, the level of such threats is determined: the emergence of substitute products and alternative services; entry of new players into the market; the influence of suppliers; consumer influence; competitive fight.
In addition, you can conduct sociological research among target consumers (focus groups). With the help of social media analysis and surveys, you will find out what people think about your idea and whether they are interested in such an offer. Together, these methods will give the desired result.
Step 3: Take care of the security of the idea
It is one of the mandatory stages of startup development when there is no third-party support (public, government, financial) and the idea is not immune from reuse. In this case, you should proceed carefully and use reliable legal ways to protect the concept:
- NDA: creating a safe environment for the dissemination of information. When concluding a contract with a contractor, fixing all the nuances associated with data exchange and reuse is necessary. The NDA restricts access to such data to third parties.
- Patent: protection of the technical component. It also applies to ideas, algorithms, methods of implementation. You get the opportunity to make any decisions regarding the product: produce, sell, use. No one but you can legally manipulate the object. For 20 years, you become a monopolist.
- Trademarks: Prevent copying of your product name, logo, company slogan. For this, distinctive symbols are used: ® registered, ™ not registered (this symbol is chosen for new products and when applying for registration).
more read there Stages of Startup Development
It is quite cost-efficient to handle the projects at a separate level.
Before outsourcing, you have to make a perfect environment for the experts to understand your whole project before developing it.
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Kidney failure also called end-stage renal failure refers to the five stages of kidney damage in which glomerular filtration starts dropping down to its minimal level.
However, with the help of ayurvedic medicines, the kidneys can be made to work again even at the stage of renal failure without involving any surgery.How to diagnose kidney damage?Here is a quick guide to measuring kidney functionSerum creatinineGlomerular filtration rateBlood urea nitrogenUltrasoundCT scanA kidney biopsyUrinalysisCreatinine clearance testThese tests are used to know how well kidneys are performing their job.
This stage of kidney disease does not come with any physical damage to the kidneys however you will notice foamy or bubbly urine.Things you can do to slow down kidney damageWork on your blood pressure and blood sugar goalsPractice yoga dailyEat a healthy dietDo not smoke Take ayurvedic medicationsStage 2In stage 2 of CKD, the eGFR count ranges between 60 and 89 which is an indication that kidneys are losing their health gradually.
Hence, it is important to talk to your doctor how you can prevent further damage to the kidneys with the help of a renal diet and herbal medications.The signs at this stage of kidney disease could be foamy or bubbly urine or even in rare cases, the urine is accompanied by the blood clots as well.
Precautionary steps that can be taken at that stage are being rigid on your diet plan and adopt necessary lifestyle changes.
Stage 3This is a severe stage of kidney damage unlike stage 1 and stage 2.
Many people like going to the theater and attending Broadway shows.
Broadway productions and musicals can be fun to watch because phenomenal acting, singing, and dancing are all evident in these shows.This site is named after our shared love of the Tony Award winning Best Musical of 1969.
Often referred to as the “musical about us”, this production was a lavish telling of the events leading up to the writing of the Declaration of Independence.
With music and lyrics by Sherman Edwards and book by Peter Stone, the original 1969 production of 1776 was notable for its humanizing of the Founding fathers.
The original Broadway production debuted on March 16, 1969 and closed after 1,217 performances.
Plus he was the voice of KITT on Knight Rider.
