Do you have an idea for an app you want to make? What’s your next step? Who do you ask? Do you know you’re considered a non-technical founder if you can’t build your own app?
How about a regular business? How can I grow my company to be worth millions? How can I hire employees? How do I get funding? How do I even sell?
Am I even good enough to start my own company?
If you ever asked any of these, then you’re in the right spot. You really are! I asked myself these questions just a few months ago, and after attending Y-Combinator‘s 10-week Startup School from August – October this year, I’m 1000% certain my online school Dubata is on the right path to making a difference. IT’S ONLY A MATTER OF TIME — and finding product market fit.
What’s product market fit, you ask? That’s the most important thing you need in order to succeed as a startup, and as a business in general. After you find product market fit, then your goal is to be profitable — but that isn’t the first thing. I never knew that before, and I’m going to show you the videos that made me understand this reality that many founders don’t realize.
Now before I move forward, I have to explain the difference between a Business Owner and a Startup Founder:
- Business Owner – A person who starts their own business. If you have custom shirts to sell and have an online (or physical) store, then you’re a business owner. You’re selling products that have been sold before (shirts have been sold before).
- Startup Founder – A person who also starts their own startup. An owner of a startup is known as its “founder”. There’s a major difference between a regular business and a startup that you have to understand:
- A Startup – This is an unproven concept you hope that works out — or a concept that was in its beginning stages that didn’t fully mature yet. For example, before AirBnB no one was booking apartments/homes owned by other people to stay in. Before Uber, no one was riding in random cars like they were taxis. Before Instagram, no one was taking filtered photos and sharing it to their friends on social media. Before Facebook, there wasn’t social media specifically tailored to colleges (which is how they started). Before SPANX, no one had pantyhose’s made as fashionable leggings. There were all new concepts that were first unproven — but when proven, became a VERY LUCRATIVE startup which became a company.
Now that you understand the difference between a regular business and a startup, note that the following parts in this series are focused on startups and startup founders. However, the concepts still remains the same if you are regular business owner who, for example, has their own car shop. There’s always something to take away from new knowledge.
This series is for people who want to start something new, something either done before or rarely done. If that’s you, let’s continue to part 2 below: