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5 Reasons Why You Must Learn The Basics Before Launching Your Startup

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5 Reasons Why You Must Learn The Basics Before Launching Your Startup

You’ve probably heard millions of times that one of the key things to launch a startup and succeed is to jump into the pool and just start doing things.

In other words, just go for it!

Usually every start up comes from a great idea, and if you reached the point where you decided to start your own company, it means that you are a real implementer, not just a dreamer.

However, you should be careful with this approach.

Even if this is the needed attitude, you should learn the basics before launching your startup.

Behind the word basics there is:

  • learn what your target customer wants
  • Learn the insides of your business
  • Know who your key suppliers are
  • Understand the key technical aspects of your business
  • Anticipate the main risks and opportunities

 

5 reasons why learning the basics is so important:

 

1. To avoid wasting a lot of money

Let’s explain this point with a simple example.

You want to sell very expensive women’s shoes through the internet, and for this purpose you hired an expensive web programmer who designed a beautiful website for you.

Your web is running great, then it’s time when you decide to invest an important quantity of money in promoting it.

Your main promotion channel is Facebook.

You start running ads on Facebook targeting young ladies, because young ladies always love nice shoes. You get plenty of Facebook likes and shares, but you don’t sell a single pair of shoes.

The problem is that the young ladies usually don’t have the money to pay for the shoes that you are selling.

Only women with a higher income, who are usually a bit older, could afford these expensive shoes.

This is a clear situation where you could waste a lot of money simply because you don’t know your target customer well enough.

” The secret to getting ahead is getting started.” – Mark Twain

2. To grow your business safely

We hear a lot of stories about startups with great success in a very short time.

Even if it might look like these companies made miracles to succeed, each of them is built on a solid strategy.

If you don’t learn and anticipate your major milestones you will probably fail.

This is a common mistake when we talk about the legal implications of a company. Usually startups spend a lot of money, time, and effort because of poor planning.

For example, imagine your business is about selling apples. You start your business by investing on a terrain and planting apple trees.

Then, when you want to start selling your apples to big supermarkets, they don’t accept a single apple without a health certificate issued by the ministry of agriculture.

The reality is that you had never thought of such a certificate! More than likely you will lose all your first year sales.

So, try to plan well in advance for the key milestones of your project, with all their implications.

 

3. To avoid wasting a lot of time and energy

Speed is one of the most critical factors for startups to succeed.

The hard reality is that you are now really excited to be launching your new idea, but more than likely someone else on the other side of the world will have the same idea, or similar, and will be launching it too.

The sooner you put your product into the market, the better chances you have to gain a good position.

Learning all the implications of starting a company and anticipating the possible issues that will appear will help you create a launching and growing strategy and will save you lot of time and energy.

If you plan well in advance you will need to build your strategy with much less trial and error.

It does not mean that if you plan everything you will not have to try any other strategies to succeed. However, you can already discard a lot of non-working strategies by learning about them from the beginning.

Dreams

4. To be able to think big

If you want to succeed by launching your start up you must have a set of beliefs. Many of these can be summarized in two words: Think Big.

The reason behind this is that you can only achieve something that you know it exists. The most obvious example: A man could not go to the moon if he didn’t know that the moon existed.

If you take a look at the most successful entrepreneurs you will realize that most of them have something in common.

They all think big and they are never afraid of looking beyond their limits.

It is really important to learn from the beginning of your project what you can achieve, even if this is a really challenging task.

Otherwise you’ll never think big enough to reach your target.

 “You have to think anyway so why not think big.” – Donald Trump

5. To keep your motivation and engagement with your project

It’s a hard reality that many startups don’t succeed, even if the ideas behind them are really great.

One of the key elements to succeed is to really believe in your project and push for it until it works. The issue is that it’s really easy to lose motivation in the project if you don’t see quick results.

In many cases entrepreneurs don’t see these results as they expected because they haven’t learned the challenges before launching the company and they haven’t invested enough time to know what was coming.

In consequence they have to face many unexpected situations, losing the motivation to keep moving forward.

This happens, most of the time, with one of the following things: a legal aspect, a technology aspect, a customer satisfaction point, or a supplier that does not deliver.

Expect what you will have to face and go for it!

Do you share this point of view or you just think that the secret is to just do the things and correct the mistakes along the way?

 

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5 Women Who Revolutionized Tech and Made Millions

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There are many female entrepreneurs in today’s world revolutionizing the tech industry and owning their own unique craft. Before, technology and business was seen as a more male-dominanted industry that women rarely crossed into. That’s no longer the case. (more…)

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The Truth About Marketing Every First Time Founder Should Know

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While starting your own business is an exhilarating experience, many start-up founders struggle with successful marketing more than any other area of business. So if you’re thinking about starting a business, here are some of the key things you need to know about marketing before you take the plunge. (more…)

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Lessons I Have Learned About Scaling a Business as a Startup Founder

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When I set out to start my own business three years ago, I never imagined bright lights and private jets to New York or Shanghai for business meetings. Good thing I didn’t because it is nothing like that at all. It was a struggle from day one and I had to embrace the grind to grow. (more…)

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5 Hacks to Improve Your Writing Skills in English for ESL Learners

Phil Collins

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Studying in college is hard for everyone, but ESL learners arguably suffer the most. Moving to a foreign country, learning a new language, and keeping pace with the rest of the class may seem like an unbearable burden. It’s okay to feel overwhelmed, but you have to pull through and not give up. 

In moments like this, it’s always a good idea to seek help. Whether you go to WriteMyPaper to order an essay or just talk to a friend, admitting vulnerability is an important step towards improvement. In this article, you will find some tips on how to get better at essay writing, even if English is not your native language.

 

Control Your Environment

Improving your language skills is all about constant practice. Living in an English-speaking community is the first thing you should do to start your practice. It might be tempting to surround yourself with people who already speak a familiar language. However, this way, you won’t be practicing English on a daily basis.

You need to make those lessons almost intuitive in a way that you don’t have to do anything to learn the language. If you live in an English-speaking community, for example, if your roommate speaks English, you will have to practice the language, whether you want it or not.

Still, make sure you don’t take it too far. Taking care of yourself is still as important as ever. Feeling like an alien for the sake of education is not worth it. Remember to keep in touch with your friends and family, talk to them as often as necessary.

 

Practice Constantly

Practicing language is not just about doing your homework. You can make practicing English a normal part of your daily routine by watching TV, listening to music, and reading books in this language. 

Yet, this is a bit tricky. When being surrounded by white noise, people tend to learn not to notice it. You need to ensure this doesn’t happen. As you watch movies or read books, maintain your attention on what you’re doing. If you hear or see a word that you don’t understand – translate it and write it down. Be mindful and remember what you’re doing this for.

 

Writing Is The Answer

If you want to specifically learn to write, you need to do one thing, and that is to write. Continuous practice will help you understand what mistakes you often make and, in time, eliminate them. Focus on your goal, and don’t get discouraged when something’s not working. After all, even Rome wasn’t built in a day!

Get a journal and write in it daily. Pick a new topic every time and note everything you can think of. It’s also important that you write by hand, a spelling checker in your computer is tempting, but it will not help you remember how to spell words correctly. 

Besides, journaling as a habit has multiple health benefits, and it can be therapeutic. It can help you get in touch with yourself and process your emotions better.

 

Learn In a Group

It’s proven that learning in a group is more efficient due to the sense of competition. Find a bunch of like-minded people who want to study with you or join an already existing one, like a speaking club.

The benefit of such activities is that you get all these people from entirely different backgrounds who are all good at various things. This will help you exchange experiences, which is impossible if you’re alone.

Schedule regular meetings, come up with topics to discuss and activities to do. You could watch videos or movies together, or talk about common things. Having assignments like describing an event can also be beneficial for the entire group. This way, while one person speaks, the rest think about how they would say the same things differently. 

This will help you feel more confident in your skills and, consequently, speak and write better.

 

Expose Yourself

The most important thing about learning a language is not to be afraid of making mistakes. It’s inevitable; you just have to take it as a natural part of a learning process. 

A child that is learning how to walk doesn’t give up after falling once, and you shouldn’t either. It’s most likely that your friends understand that you’re just learning a language, and they won’t laugh at you for misusing a word or a few. 

Get over that fear of error and make as many mistakes as it will take. Treat it lightly, and don’t beat yourself up for it. On the other hand, try to attend as many events as you can that will expose you to the foreign language. Not only will it boost your English skills, but also improve your social confidence!

 

Wrapping Up

Learning a language is hard; there’s no arguing about that. However, it’s going to get easier with time. Take every hard thing that life throws at you and turn it into a lesson. 

Watch your favorite movies in English, converse with native speakers, and you’ll see the improvement very soon!

Remember to be patient about it. Don’t give up, and don’t beat yourself up over something that you have so little control of. Good luck!

 

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