Seven Startup Running Tips

1
Seven Startup running tips (MyHomePage)

• Founded By Prakhar Abhishek,
• Email id myhmpage_at_gmail.com
• Contact Number 91 9913 672 648
• Web Address www.myhpage.in

2
Overview

• This work talks about the experience of founders
  of different startups.
• The founders of the newly seeded startups may
  find it useful in their long run.
• Here we are listing out 7 most talked about
  experiences in the field. For more details
  viewers are requested to logon on
  http//www.myhpage.in/startups/index.php website
  to find out more about the funding raised by
  startups.

Disclaimer The views express are the personal
opinion of author and is not endorsed by any
industry/organisation. The images used are solely
for explanatory purpose and we declare no
conflict of interest with any individual/organisa
tion.
3
Single Purpose Branding

• The core of every startup/business lies around
  the initial model with which it was created.
• Owing to the time and need of hour you may be
  doing much more than single purpose you started
  with.
• It is advisable to restrict to the one single
  purpose while branding of your business.
• This helps customer know what you actually care
  about. Once you develop initial relation,
  introduce them to other arena of your business.

4
Hire Smart and Fire Fast 

• Hiring a team for your baby is thrilling but also
  scary. Sufficient time should be devoted to hire
  right and smart people.
• Hire for the work you hate most and the job
  seeker love most. In this way you can have more
  focus on the work. The most important of all, if
  the idea isnt working fire them as quickly as
  possible.
• The guru mantra of doing this is hiring the
  person initially for 3 months, judging the work
  for the first two month, if you are happy then
  continue otherwise warn and see for last
  month, if not satisfied fire as soon as possible.

5
Product and Process Managers

• It is always thought that the single person
  handling the technical side of project can handle
  the clients as well.
• This may be alarming as not all the managers are
  good at client, product and process management.
  Have a separate project managers and product
  managers.
• The hot argument between the masters of different
  skills and priorities creates a healthy conflict
  that gets a quality product delivered on-time and
  on-budget.

6
Flat fees 

• Have a standard rate for the product/services you
  deliver. Charge the client in stage wise. Balance
  should be maintained between the discrete
  deliverable and corresponding fees.
• Ask them to pay upfront, in advance for first set
  of task. In this way the client and you will be
  locked up in the job.

7
Cheap Clients 

• Stay away from the clients who demand for heavy
  discount. Giving discount means lessening your
  business profit. Bear it only until you can
  afford to do so.
• Negotiating with clients with unrealistic
  demands is always discouraged. This is because at
  the end you are wasting your time and money and
  hence the business profit.

8
Respect Experience 

• Young talent with enthusiasm is always needed to
  speed up the work. But this sometime hooks up
  owing to the inadequate experience in the field.
• Deploy your younger colleague to work under
  experienced people, the experience combined with
  hot blood will certainly add extra quality to
  work.

9
Small Product 

• None other than you knows about your limitations.
  
• Emphasis on what you can deliver. 
• Show what you can offer within next two week then
  add and release the most compelling additional
  features in one- or two-week increments.

10
Concluding Remarks

• One last point, whatever you do, either by going
  through the textbook or other persons
  experience, never stop experimenting and your
  learning as you grow. 
• These tips may help you level-up your own
  business game. Read more about how startups
  raised their funding at
• http//www.myhpage.in/startups/index.php

11
Thank you for your interest Mail us for any
query/suggestions. contact_at_myhpage.in/
myhmpage_at_gmail.com