Quicknews Tips:

Welcome to the first days of being an entrepreneur.
Start up companies, foundations, ideas are always great, but there are many treacherous steps to take.
If you decide to take on this idea and want to GO FAR, it could potentially take over full time, your uni study may..no your uni study will be effected...but in saying that;

  1. Matt Mullenweg started WordPress, which now powers 16% of the web
  2. Arash Ferdowsi is a co-founder of DropBox, which is now worth an estimated $US4 billion.
  3. Mark Zuckerberg has built Facebook into the world's largest social network, with over a billion monthly active users.

These 3 people didn't finish college...didn't stop them



I must digress there is so much to do, and where should i start?

  1. Validate your idea. This is probably the most important step of launching a business. You will be spending years working on this idea or project. Before you even think about how to take that idea and make a product out of it, think about its viability. How unique is your idea? Does it solve a real problem? Will your killer idea really take off as you expect? Before you get too excited and start investing time and resources into any idea, focus on finding out if there is a real need for it.
  2. Make sure there is a market for your product, How big is your target market? You need to find this out because no matter how great the idea is if the market isn't there for it there no ground for your idea to stand. Research will help you know if it's worth it your time.
  3. If you know your idea is good , there is a market TIME TO BUILD :) Get a prototype, you cant pitch ideas, start up a crowd funding, or raise capital without one, (well you can its just super hard)
  4. You've got your prototype now it's about capital;
    1. If you need alot of mooney try Finding business angels, these are people who are willing to put time and money behind your idea, but will take either a % of your profits or a % of your company or buy your idea.
      If you take this path       MAKE SURE YOU HAVE A PITCH READY, AND STATS TO BACK IT UP, do not waste their time
    2. NOTE: make sure they fill out a non-disclosure agreement.
    3. (basically it means they cant steal your idea.
    4. Build a base website where people can find information on your product, link to kickstarter, start marketing the hell out of your product guest post on blogs, send newspapers your articles, yell in the street, get the word out that this product exists.
    5. Hire a business adviser, these guys can be contracted out to you, give you the right advice you need to take the next step.
  5. Awesome if you've made it this far, time to sell;
    1. you should know by now whats the best way to enter your product in the market, is it getting in touch with supermarket chains, small shops or start an online start and grow from there.
  6. MY BEST ADVICE
    After reading all of this if its still to scary pull out, not everyone has an entrepreneurial spirit, but if you still want to go ahead, Get in contact with people who have done it before. You're also at uni, find out if your uni has a business course network with graduating a business degree bring then on board or even better if your uni has an entrepreneur course, They can help a lot pitch it like;

    "You have the chance to be a LEADING BUSINESS PARTNER from the GROUND UP"
    And the last part never be afraid to ask for help, people want people to succeed, you'd be surprised to find out how much information and time people will give to you.