When all you have is an idea for a startup and none of the actual capital or resources to get that idea off the ground, your first step is to gather like-minded people together; hopefully individuals with really deep-pockets who are feeling extra-generous and who really like the idea you propose. Startups always start with an idea, but it’s what you do with that idea that truly matters; yet rarely do you ever hear of anyone successfully creating a startup on their own. Find people who have the same idea and level of ambition as you do and you will be more likely to taste sweet success.
Getting Your Startup Started
To create a startup, you need an idea that utilizes technology in a new and unique way, but that also appeals to masses of people. Take Facebook for example. Facebook started out in a Harvard dorm room and soon the one man who created the service, Mark Zuckerberg, attracted the attention of other techno-geniuses and also people with deep pockets. Now, if you look around, Facebook is everywhere. It’s ubiquitous if there was ever a physical representation of the word. Everyone knows about Facebook, most people post to it daily and you can’t go anywhere without seeing the blue Facebook logo somewhere. Yet it all started with a single idea.
Finding Startup Partners
You could be a technical genius and have the multi-tasking abilities of an octopus and you still wouldn’t be able to create a startup on your own. There is just too much involved and, besides, part of the fun of starting startups is so that you can enjoy your success with your like-minded teammates.
Today’s startups have their own culture, their own style of dress and a unique attitude that largely seeks to break the mold of what we typically think of when we think of business owners. Their offices aren’t filled with cubicles and conference rooms, they have ping pong tables, foosball tables and some have Chucky Cheese-style balls that you can jump into when the stress of creating a startup proves to be far too much.
This is an exciting time for trying to create a startup. You can find others who are into the same things you are and essentially have a blast while working. Just make sure you all stay on track despite all the fun distractions so that the business ultimately succeeds. Remember, work should always come before play if you want to remain in the game.
You can find partners for your startup on social networks, like the aforementioned Facebook (See? You can’t go anywhere without hearing about it), Twitter, Pinterest and on other online platforms. You can also try Craigslist or physical networking in the real-world.
Once you have your startup crew together, that is the time when you will begin to plan your conquest into the business world. You should come up with a business plan, if you haven’t created one already, a marketing plan and your team should be able to come up with enough of a prototype to show potential investors.
Finding Startup Capital
Creators of startups have a few funding options available to them. There is the typical bank or credit union financing, there is angel investing (many celebrities are currently investing in startups) and crowd-funding.
A bank loan manager will want to see a business plan and will want to hear how the startup plans to make money. Private investors will want similar information. Basically, anyone who has the money to donate to your startup idea wants to know that they will receive enough of a return on the original investment to earn a healthy profit. If you can prove this, you just might create a startup that goes places.
Crowd-funding is the process of using a site like Kickstarter to advertise your startup idea in the hopes that others will donate to your cause. You will then offer rewards to those who donate a substantial amount, thus helping everyone enjoy the process.
However you go about funding your startup idea, make sure you have a solid plan in place and stick to that plan every step of the way. If everyone is on board, if everyone puts their all into every bit of work that they do and if your investors manage to donate enough capital to your startup cause, then you have a high probability of succeeding. The exciting part about starting startups is that you never know what success will bring.
Some startups end up becoming huge corporations and some get purchased by huge corporations for massive sums. Regardless of how success happens, the owners of those startups usually end up very wealthy. Just look at the kids of Instagram jumping off slides attached to million dollar ships in the middle of the ocean. That life could be yours one day, but first you start and then grow your startup. Remember, it all starts with a single good idea.