Bored at your job, looking to innovate in something you're passionate about or know there is a need for? Doing the same thing everyday can be monotonous, and in a big corporation, most likely you will not have a voice as an employee. Sometimes it can be depressing to work hours on end and never see your impact. With a startup, be prepared to see your impact in every little aspect, ultimately anything you do can make or break the companies future. So how do you start a startup, what are the first steps to becoming involved?
Network like mad
Investors, PR, people related to the industry, partners....anyone can be a useful contact for your future. Go to networking startup events and sell yourself, but be social and conversational as well. Make sure to follow up with the person via email or linkedin. Creating a network of successful, knowledgable professionals is key to starting a business. Without people to spread the word, challenge your idea, connect you to industry insiders, your business will not be able to grow as fast or be on the radar.
Think of multiple ideas
Many entrepreneurs don't just come up with that first initial golden idea and run with it. Many have failed with other ideas before and learned the hard way. If you have a co-founder, organize that you both come up with a handful of ideas and come back to each other with 1) the pain point in the industry that needs to be innovated and 2) the solution. Pick the best two out of your pool and research in depth. Thinking of multiple ideas will also get your brain turning on what is really needed and what is not.
Recruit a trustworthy team
A one man show will most likely not be enough to get you where you want to be. There is developing, finance, and marketing to take care of, having a team where everyone has their own job will increase company efficiency. When hiring or creating a team, make sure the founders or employees are just as dedicated as anyone else on the team. Most startups offer equity to the initial founding team for coming on early and building the first stage of the company.
Have a passion
When choosing an idea, know the industry you are going into. Many CEO's pick an industry where they are an outsider,not realizing the real problems their clients are facing. Have a passion in what you're doing, as that will propel your business forward, create a better company culture and display loyalty. No professional likes to see someone who is not truly 100% into their idea or company.
Do your research
Do NOT go in blind. Know your competitors by heart and how you are different. Why should an investor invest in your idea if it already exists? What if your target market is not who you think it is? Is the pain point of your product or service addressing the real problem? Research online and off, hit the pavement and survey the industry or consumers being catered to. It might bring up some features or ideas that can make a product better and more attractive.