20 Tips for New Founders:
Based on Insights From Some of the Top Startup Founders
There are a lot of things to think about when you’re starting a new business. Here are 20 tips for new founders to help you get started on the right track:
1. Define your business model. What problem are you solving? Who are your customers? How will you make money?
2. Research your industry. What is the competitive landscape? What are the trends?
3. Develop a business plan. This will help you articulate your vision and map out a path to success.
4. Assemble a team of experts. Surround yourself with people who can help you achieve your goals.
5. Build a great product. This is the foundation of your business. Make sure it’s something people want and need.
6. Create a marketing plan. How will you reach your target market? What are your marketing channels?
7. Focus on your customers. They are the lifeblood of your business. Treat them well and they’ll stick with you.
8. Get organized. Put systems in place to help you manage your business efficiently.
9. Stay flexible. Things will change as you grow. Be prepared to pivot when necessary.
