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  • 8 steps to a successful startup
    • The 8-Step Approach
    • Pick Relevant Attributes
      • Attributes
      • Competitive Advantage
      • Customer Focus
      • Disruptive Technologies
      • Income Sources
      • What are you good at?
    • Generate New Ideas
      • Have Lots of Ideas
    • Select Best Ideas
      • Make Use of Attributes
      • Combining Attributes and Ideas
    • Identify Income Sources
      • Main Products/Services
      • Supporting Products/Services
      • Advertisements
      • Subscriptions
      • Memberships
      • Sponsorships
    • Work Out Costs
      • Amortization and Depreciation
      • Cost of Goods Sold
      • Machinery/Equipment and Furniture
      • Premises
      • Renovation
      • Licenses/Patents
      • Employees
      • Expenses
    • Forecast the Revenue
      • Expected Revenue on Month 36
      • Build Up of Revenue
      • Key Turning Points
    • Assess and Iterate
      • Income Sources Revenue Adjustments
      • Cost Structure Changes
      • Business Model Revision
    • Invest and Launch
      • Capital Required
      • Funds from Yourself and Family
      • Funds from Friends and Relatives
      • Investors
      • Loans
      • Crowdfunding
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The 8-Step Approach

The 8-step approach to a successful startup is shown below.

Home

The 8-step Approach

Pick Relevant Attributes

Generate New Ideas

Select Best Idea

Identify Income Sources

Work Out Costs

Forecast the Revenue

Assess and Iterate

Invest and Launch

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