The struggle
As a startup owner, your dream is to see your idea come to life.
You work day and night, build a team, plan, and vision, yet you cannot seem to upscale your startup.
Context
Technology is booming in Nepal rapidly and as a result, you can notice a startup in almost every corner of Nepal. Yet, the opportunities you turn into your favor will be faced with innumerable challenges.
So how can you move swiftly through these challenges?
Blend in!
Build your team before you build an idea.
Tapping into all sorts of work on your own will only stress you out and leave you with no good results.
What you need is individual commitment to a group effort.
The product trivia
Remember that your product must be innovative, tech-driven, and scalable.
Focus on finding your target audience and build a business model that can bring in revenue at all scales.
Research is important: Do you want a roadmap to success?
Well, this is where research comes in. We see that many startups skip this process because it’s time-consuming.
Never skip this step.
Work in progress
Always strive to thrive in the market.
Your product will have to go through tweaks to adapt to your audience’s demands throughout your journey.
The world is ever-evolving and your product has to catch up to its speed.
Do your due diligence: Due diligence is a systematic way to reduce risk from investments or business decisions. So examine your company’s numbers, and benchmark them against competitors.
Keep track of your cash flows, cause that’s where the money is!
Funding is not the problem
If you have a solid idea, business plan, and a gem team, funding is only a pitch away. Many VCs and angel investors are on the look for high-flying startups.
Focus on developing your core proposition, and you’re good to go!
Still, have trouble finding the right direction? Remember, Khudra is your ultimate startup partner and is only a message away.
The Bonus Tip! Competition is not a bad thing.
Your competitors allow you to learn from their mistakes and use them to make adjustments on your own. Your primary focus should be your brand rather than others. Remember, your biggest competition is yourself!
