Of course, profitability & valuation must be balanced. You have to know who needs your company's product the most, and is willing to pay money to use the product, and you also have to know who can help you develop your company the most. Because seriously, building a startup company is not just about technology. Therefore, quite a lot of startup companies choose to work with professional Software Houses when doing software development. Why? That's because the founder and team can focus on other things.
For those of you who really want to create a startup company, keep list of real cell phone numbers up the spirit! Make WeWork's company lesson a lesson that "too much money too fast with no effective oversight on how to spend it" is dangerous. You have to make sure, when you are indeed targeting large fresh funds, you know what to do with the funds. Please do not "burn money" like what happened in Indonesia if what you are targeting is user acquisition. Use the funds for activities that will support your startup business in the long term.
Conclusion
Creating a startup company is not easy. To the point that 1 article is not enough to summarize everything. Well, this startup business strategy section is very interesting. Why? There is an “art” from the journey when formulating the business strategy formulation of the startup that you founded.
But, in theory, startup business strategies are divided into 3 levels. Functional level, business level, and corporate level. However, in formulating a startup business strategy, you also have to be careful. Don't let the things experienced by the American startup company; WeWork, happen to you too.
What is clear, whatever you are working on in creating a startup company. Never be half-hearted. You must know and believe that you can make a positive change. At least for yourself and your team. Believe, as long as you are not greedy, you are realistic, and like challenges, success will come to you. Keep up the spirit!
That is one of the factors that causes many startup companies to fail . How is it better?
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sohanuzzaman57
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