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1. Identify Problem

If you are interested in starting your own startup company but don't know what to do first, then try thinking about a problem around you that requires solving. Of course, this problem needs to be something important and really requires a solution.

For example, in the past, people started wanting to be able to choose what they watch and comfortably watch their chosen shows on their devices. But there was no application or software that enabled them to do this and people had to just rely on television to find entertainment. Netflix and YouTube became the companies that offered a solution to people's problems and made their way to success. They give solutions to people's problems as well as provide their wants and needs.

The founders of these big companies are visionary people who are keen to the opportunities around them, starting by identifying a persisting problem they could find.

2. Research and Gather Data

A business plan for a startup can't be made without real data. Before you start making plans for your startup, it is important to first conduct research and gather as much data as you can find and translate them into valuable information that becomes the base of your decision making for your company especially regarding the business plan. If it is out of your expertise, then find people to work with you to help you conduct market research and process data for you and give you their insight based on their knowledge and experience so that you don't make a mistake in planning out your startup for the long term.

3. Work With a Team

It is difficult to handle everything on your own, so even though you start small, make sure that you work with a team of experienced individuals that you can trust to help you build your startup. Their experience and knowledge are valuable and the first people that you start with are extremely critical in ensuring the growth of your startup.

4. Product Concept

Creating a product concept before actually starting to develop the final product is important because by first creating the concept, you can discuss it with your team and make improvements to make sure that it is feasible and perfect. Getting feedback as much as possible not only from the experts but also potential customers is very important so that you can know whether or not you are going in the right direction.

A product concept does not always have to be a prototype. You can go as simply as with a PowerPoint presentation or even paragraph text description and sketches for the rough idea before the details and improvements are added.

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