"Time is money" - the proverb said. Perhaps it’s even more valuable than money, because we believe that the steps we are about to present you are critical and far more important than raising money in the early stages of a startup.
"If only I had the money ...". This is a common thought, and any entrepreneur knows what we are talking about. We understand that raising money is a key part to put your idea into practice. But there are tasks that you must invest your time wisely to ensure that success pays you a visit.
This is our list of 4 tasks that require attention in the first stages of your venture.
1. No team, no game
Have you ever thought how inconvenient it would be to have a great idea and not be able to put it into practice because you don't have the necessary skills to do it?
It is completely necessary to invest some time in building a good team, with different areas of expertise.
Remember: a team is essential for high performance in any business because people are working towards a shared purpose. And to do so, they share their varied skills in complementary roles and in cooperation with their colleagues.
Also, having a strong team is something that all investors take into account when meeting an early-stage startup.
2. Talk to people
When we say to talk to people we mean talking to potential customers, in order to understand if your product or service fits the market.
Doing validation experiments, gathering feedback from existing or potential customers should be a priority. While it doesn’t increase your revenue, it will surely help you understand if you are going in the right direction and if your idea will really succeed.
Don't lose your time working on ideas that don't work.
3. Prove the value of your idea
Have you identified a market need? Good! Now you just need to demonstrate it. Especially to those who will invest in your project in the future. Investors need proof that your product can move to the next stage successfully. And, believe us, you can create a POC (Proof-of-Concept) or a prototype without having to pay exorbitant amounts of money.