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Startup life hacks: tips from the experts
In recent years, the technological sphere has been actively developing, and the venture investment market has given another impetus to this. Gas pedals are a popular option for a project to get noticed by investors. However, in order to interest mentors, it is necessary to develop a certain strategy. Experts have highlighted the startup tips that will help them bring their idea to a full-fledged product and introduce it to the market.
An important skill for aspiring entrepreneurs is the ability to sell their idea, to present it to investors and customers in a way that will interest them. To do this, it is necessary to prepare a high-quality pitch. It is a concise presentation of a startup with a clear structure. The more informative the pitch, the more chances that the project will be noticed.
To put together such a presentation correctly, the structure of the presentation should be carefully thought through. It should include a description of the product, its benefits for the client and its value to the market.
Attention should also be paid to the presentation of information. It is important to maintain eye contact, voice and speech. The pitch should not be a dry statement of facts, but a clear story about the benefits of the product and the potential of the startup as a whole. To complete the picture, the presentation should be supplemented with slides with useful information.
It is important not only to present the product correctly, but also to understand which ideas are worth developing and which will never succeed. In assessing potential, mentors in a gas pedal and investors look at two key aspects:
- the possibility of scaling the product and its prospects in the global market;
- the interest of the team itself in the development of the idea, its ambition and willingness to invest all its efforts in the development of potential.
Before you start working on bringing an idea to market, you need to understand how viable it is. You can check this quite simply – show the product to a potential audience. And in this case, the launch of a landing page and an article with CTA will allow you to check the idea with minimal investment.
The success of the idea depends on the right team. It should consist not only of professionals, but also of motivated people who are ready to work hard at the beginning, without any compensation.
To understand how to improve your product and in what direction to move, you should study the market and the needs of the target audience. In addition, one should not forget about the positioning of the company, and it is necessary to start developing an image and a holistic image in the first stages, even when the product has not been released on the market.
The idea is good, but it is necessary to think about how the startup will earn money. You should calculate the cost of attracting a customer and the benefits from it, so that you understand how quickly the company will become profitable.