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12 Helpful Tips That Startups Should Know

12 Helpful Tips That Startups Should Know

The world has been built upon ideas and people willing to risk everything to see an end to it. There is no such thing as a “safe job” today. However, while the idea of having one’s own company is exciting, there are several other faculties that startups should have to be successful in this highly competitive world. No wonder, there would be challenges but the real success lies in being rightly prepared for the eventualities. Throughout the ages, there have been several startups trying to make a mark in the market but most of them end up getting bankrupt or giving up to the continued challenges. Here are 12 important tips that every startup should know.

1. Startups should have a strict purpose

Startups should have a definite purpose of their presence. They should not deal with several things all at once. A singular goal for the brand helps streamline their ideas and investment in the right places. The business can grow and diversify once you have made a mark but initially, every startup should be planning for a singular goal.

2. Startups should work fast and hard

Startups should work hard and reach the first goals as soon as possible. It doesn’t take long for ideas to leak and there is ample chance that somebody else with the resources will be willing to work upon and build his business upon yours. Don’t give your competitors a chance to overtake your ideas. Plan beforehand and start delivering as soon as you are good to go.

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3. Startups should not hesitate to fire

Startups should not be the place to show compassion. If someone in the team is not delivering and incapable of fulfilling his/her responsibilities, don’t hesitate to find a replacement. Of course, you give new people a strict time period to get acquainted with the company but they should be showing their contributions in numbers soon. For any startups, their team plays a very important role behind success or failure. You should accordingly build your team that can understand your ideas and can execute it.

4. Startups should charge flat fees

Startups should opt for flat project payments rather than overall project payments. Divide the project into accountable chunks of deliverables and make sure you are paid for what you have been doing. This way, you will not lose upon the entire payment if the client doesn’t seem to like the final output. Work upon ideas, make sure that the client is willing to follow, and handle every process so taht they pay for every step taken towards the goal.

5. Startups should get paid upfront

Startups should be relying more on advances to take up a project. In the initial days, workload will be less and you will be able to devote all your time to the present project. If a client refuses to pay an advance for a project, simply refuse to work for them.

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6. Startups should not go for bulk work and cheap clients

Startups should be setting a high standard from the first project itself. Don’t get attracted to bulk and cheap project that guarantees a long term payment but doesn’t do justice to the hard work you put into it. Clients will get unrealistic in their demands and seek discounts, especially when they realize you are new to the industry. However, it is best to have a strict pricing strategy and show that you deserve to be paid like the best in the business.

7. Startups should learn the products

Startups should be working on lean products initially rather than taking up extensive projects with an unpredictable delivery time. You can always add on to your product at later stages, but focus on the core in the initial days. Therein lay the quality and the credit. Anyone with the right tools can do the decorations. Rotimatic is one of the best example of such startup which is growing steadily and are well respected from their audiences.

8. Startups should have constant communication between employees

There should be thorough and fast communication between each member of the team. Every member should know what others are up to and this makes it easier to work towards a common goal. Depending on your area of expertise and industry, you should also be looking to use your space more wisely and strategically to entertain the maximum number of clients and work out on maximized production/service. You should also keep motivating your employees as it is very much important for startups that their employees are motivated to take new challenges.

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9. Startups should have an experience to drives ideas

Startups should be looking up to experienced professionals to take their idea forward and in the right directions. Seasoned players from the industry are a huge addition to any startup. Once you start getting experience, you will keep learning from it and can help you at long term bases. Let’s take an example of eCommerce vendor; I found that many vendors do manual research and spend lot of time in just comparing the price of their product with competitors. Just think, how much you are spending on this simple research work? If it is a senior executive, the simple price comparison work may cost you in thousands of dollars. You can easily get this job done using price comparison solutions like datacrops at very reasonable cost and in very efficient manner. Once you face such problems, you will start finding the solution based on your previous experience.

10. Startups should separate the duties

Startups should have a definite business structure. The executive who is looking into client queries shouldn’t also be the one working upon the accounts. There are hundreds of tools available in market to help you manage the projects and users efficiently. One of my favorite project manage tool is Trello, a free project management tool that can reduce your headache to manage multiple projects.

11. Startups should save money for eventualities

Startups shouldn’t be risking everything following a dream. In case your idea and business place doesn’t work out, you should have enough in the bank to take you forward in life. All ideas do not get success and failure is not end of this world. You should keep yourself prepared for any outcome of your startup. You should be ready to face failure too.

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12. Startups should maintain the discipline with co-workers

Startups should not be a place to make company or find your love. You should be having strict professional relationships in the workplace, whatever product or service you might be working upon. This is the only way you can keep everyone on their toes and willing to give their best. Work culture has a huge impact on overall output and it is very important for startups to maintain discipline with co-workers.

Conclusion:

The journey of an entrepreneur is just like an adventure, you should be ready to do lot of hard work. Sometimes you will face strange challenges and may think to quit but your self confidence and these important tips will help you find the best possible way towards your success.

Featured photo credit: Robert Scoble via flic.kr

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Last Updated on May 23, 2021

10 Best Free Job Apps You Need For Effective Job Hunting

10 Best Free Job Apps You Need For Effective Job Hunting

Seeking for the right job but not sure how to do it in a more effective way?

Try job search apps!

To make the job hunting process easier, I’m recommending 10 best job apps that can help you look for the right match anywhere at any time. The best of all? They’re all free!

1. jobandtalent

jobandtalent

    Great for browsing new jobs as you commute home via subway, bus or carpool, the jobandtalent app is like a Pinterest for job seekers.

    Easily browse, save and revisit job postings from your smartphone and receive notifications about jobs that match your professional qualifications.

    Download it for iOS and Android.

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    2. Jobr

    jobr

      This job hunting app is unique in that it lets you anonymously browse job listings based on your professional resume. If a company that you like also shows an interest in you, the app let’s you chat directly with a company rep. Great for getting your foot in the door and making a memorable impression.

      Download it for iOS.

      3. Monster Job Search

      monster job search

        I’m a big fan of Monster. It’s one of the first job sites employers think of when they want to list a new position online. The Monster Job Search app functions pretty similarly to the normal website, so it’s very easy to use for not-so-tech-savvy job hunters.

        Download it for iOS and Android.

        4. Jobs and Career Search

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        job and career search

          This is a good, simple app for browsing global locations for your next job. With a job index of more than 50,000 jobs listed globally, this app is a good choice if you are moving to a new area and want to line a new job up quickly.

          Download it for iOS.

          5. Hyper Networking Groups

          hyper networking groups

            This job hunting app isn’t so much a job hunting app as it is a connections hunting app. It’s great for learning who’s who in your desired field and forming connections. It also shows you how you and your industry connections are connected via your social networks, so you can follow up with them on your other social sites.

            Download it for iOS.

            6. CardDrop

            CardDrop

              CardDrop is an awesome job hunting app that let’s you digitally drop and pick up virtual business cards. This app is great for helping you make new connections at seminars, interviews, meetings and conferences. You can also attach social media profiles to the cards you pick up or send to enable easier connecting on social networks.

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              Download it for Android and iOS.

              7. Job Interview Questions

              interview questions both

                Okay, so this app looks kind of outdated, but it’s super useful for getting you into the swing of answering any kind of interview question that is thrown your way. The big benefit of using this app is that it explains to you what your interviewers motivations might be for asking you a specific kind of question. Learn what your interviewer is looking for in your answers and be more prepared for the real interview when the time comes.

                Download it for Android.

                8. 101 Interview Questions and Answers

                101 both

                  This app is great because it provides guidance about the kinds of answers you should give for each kind of question. Think of it as an essay rubric but for job interview questions.

                  Download it for Android.

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                  9. Job Interview Question-Answer

                  q and a

                    Feeling confident with your text-answered interview questions but concerned about doing the face-to-face interview? This app prepares you for interacting with your interviewer by simulating an employer asking you questions.

                    You can record your response and see what you look like to the interviewer to understand what movements, vocal pauses, etc. you need to work on.

                    Download this app for iOS and Android.

                    10. HireVue

                    hirevue

                      HireVue is a great job hunting app for those times when your interviewer wants to get some preliminary questions out of the way.

                      When an interested employer wants to interview you, they send you a request via HireVue and you can answer it in your free time, when you’re ready. Your interview might consist of a some FaceTime, some multiple choice questions or open-ended text answers and can be completed and sent to the interviewer when you’re finish.

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                      Download it for Android and iOS.

                      Featured photo credit: Yura Fresh via unsplash.com

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