Stage 1: Ideation


Entrepreneurship has become a buzzword in the recent times and, like with everything else, everyone wants to jump on the bandwagon. While we all applaud the instant successes, a lot of work and effort goes into making a startup successful. Before you get into the practical aspect of the whole thing, make sure you have analyzed your idea in depth.

Stage 6. Maturity and Possible Exit Strategy



When a startup has made it to a point of maturity and the founder feels that he/she has gotten as much out of it as possible, it is time for a drastic change. Even if you were the first one to bring your idea to the market, in time, it’s inevitable that competitors will crop up and to deal with this you could either:

Stage 5. Market Expansion – The Scaling Stage


Thanks to the dynamics of our current world, sky is the limit when it comes to achieving anything. It, therefore, comes as no surprise that businesses today are expanding exponentially. Growth has to be one of you main goals as there is no point in having a startup without the vision to make it something even bigger.

Stage 4 – Getting a paying customer – The Launching Stage

For a startup, getting paying customers is the ultimate goal. While transforming your idea into reality is quite a high, nothing compares to be getting paid after all the hard work and effort you have put in your product!

Stage 3: Taking your idea from an MVP to live product – The Beta Stage


The Beta stage is probably the most exciting stage of any startup. Having launched a product and out of the testing mode, this is where you really understand the impact of your innovation. Allowing consumers to test your product and to be able to introduce it in a market, is not only good for publicity, but can also help you determine the success or failure of your startup.