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Basic Needs To Start A Startup - PPT (Not Daily)

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hrithikanair2003
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17 views

Basic Needs To Start A Startup - PPT (Not Daily)

Uploaded by

hrithikanair2003
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Basic Needs To

Start a Startup
by:Zoya, Nidhin, Saleena, mehmood, Dayne,
Balagopal, Hrithika, johan
2

AGENDA

- IDEA GENERATION

- MARKET RESEARCH

- BUDGET

- COMPETITORS
3

IDEA GENERATION
1.Identifying a Problem:
•Observe daily issues, find market gaps, and follow trends.

2.Brainstorming Solutions:
•Use individual and group brainstorming and combine ideas.

3.Idea Evaluation:
•Assess feasibility, determine value, and conduct SWOT analysis.

4.Market Validation:
•Gather customer feedback, create prototypes, and test.

5.Iteration and Refinement:


•Refine ideas based on feedback, seek mentorship, and stay flexible.
4

MARKET RESEARCH
1. Industry Analysis:
Understand market size, growth potential, and trends.

2. Customer Research:
Identify target customers and their needs.

3.Competitive Analysis:
Study competitors' strengths and weaknesses.

4.Market Segmentation:
Divide the market into distinct groups of potential customers.

5.Data Collection:
Use surveys, interviews, and data analytics to gather insights.
5

COMPETITORS
1. Identify Competitors:
Recognize direct and indirect competitors in your market.

2. Analyze Competitors:
Assess competitors' products, services, and market position.

3. Strengths and Weaknesses:


Evaluate competitors' strengths and weaknesses.

4.Market Positioning:
Determine how competitors position themselves in the market.

5.Competitive Advantage:
Identify opportunities to differentiate your startup from competitors.
6

Budgeting and Financial Planning


Definition:

Budgeting and financial planning involve the process of creating a detailed


plan that outlines the financial aspects of a business, including income,
expenses, and profit projections. It ensures that the business has the
necessary funds to operate, grow, and achieve its goals.

Budgeting and financial planning are critical components when


launching a startup for several reasons:

1. Resource Allocation
2. Financial Stability
3. Goal Setting and Tracking
4. Investor Confidence
5. Risk Management
6. Cost Control
7

Key components
Initial Capital Requirements:
The amount of money needed to start the business, covering
initial expenses before generating revenue.

Projected Revenue and Expenses:


Estimations of future income from sales and the costs
associated with running the business.

Cash Flow Management:


The process of monitoring, analyzing, and optimizing the net
amount of cash receipts minus cash expenses.

Break-even Analysis:
A calculation to determine the point at which revenue received
equals the costs associated with receiving the revenue.
Thank you

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