This is the improved version of my recent presentation on enterprenurship. This presentation was delivered at Testing & Consultancy Cell, Guru Nanak Dev Engineering College, Ludhiana, Punjab, India to the audience of young and ambitious engineering students.
4. Things Needed to Start a Startup
• Idea
• Team
• Customers
• Funds
5. Idea
• Having a brilliant idea is good but not
necessary
• Offer people better technology and / or
services than they have now.
•
• Validate your idea through customers
6. Team
• Need co-founders, but not many
• No need of business people in a team
• Balanced teams are essential
7. Customers
• Identify and give customers what they want.
• Get a prototype in front of them and refine it
based on their reactions.
• If you don't put users first, you leave a gap for
competitors who do.
8. ●
Target smaller customers first
●
It's easier to make an inexpensive product
more powerful than to make a powerful
product cheaper
Low End Always Eats the High End
9. Funds
• Seed capital: To cover expenses of
developing prototype
• Angel Investors: People that give seed
capital
