Startup Services Program is an initiative by E-Cell, IIT Kharagpur. It aims to assist the fledging startups of IIT Kharagpur in relation to providing them particular mandatory business services. Starting up can be tricky business. It requires a terrific deal of effort, will, perseverance, on the part of the founders along with loads of resources. Most of the startups shut down because of paucity of quality services needed at the opportune time and die out. A startup normally faces persistent financial crunch in its early stages.
Every successful entrepreneur makes loads of mistakes plus they are often prepared to talk with the advantage of hindsight. Get some experience: Acquire an intimate comprehension of the sector you intend to start a company into. Know your customer: Researching the market that you will be thinking of entering will inform you if you should be on the right course and is vital.
Even if you’ve got a modest budget to begin with you can enlist assistance from a startup guide or potentially volunteers or mentors understand your audience take the time to do market research and list out who you are selling to and where you are able to find them both online and offline this will help you both when creating the product or service and in your advertising efforts.
Communitech startups receive hands on coaching from a world class team of mentors. Once you are accepted into their startup services application, you’ll meet with your advisor, an account manager selected based on your own company’s period, vertical and founders. Collectively, you’ll diagnose your needs and determine next steps. Because no two companies are exactly the same, your engagement together will be customized to what makes sense for you.
Many universities also offer support and space for local or student entrepreneurs eager to make the most of the expertise available.Get a name: find a business name that is accessible and a suitable name by making an inventory of competitors. It is important to choose a name that’ll be easily remembered by your costumers. Design a business emblem: A nicely constructed, applicable logo make a durable impression and can have an instant impact on your own customers.