National Startup Day 2025: Startup is a young company, which is established to develop a particular product or service and bring it to the market. Startups are often associated with innovation, scalability and problem solving.
Step 1- Idea Generation
The first and most important step to start a startup in India is idea generation. At its core it often lies in finding a solution to a problem. When a young man from Bengaluru could not get a bus to go home during the festival due to the disorganized bus service, he came up with the idea of ​​starting an online bus ticket booking company, which the world knows today as redBus. Market research is one of the best ways of idea generation.
Step 2 – Prototype Development
After you have brainstormed a good product idea, the next step is prototype development. In this step you have to develop a base model of the product. This will help you understand the functionality of the product and how it will perform in the market. Prototyping is also sometimes used for initial funding of a company. Most of the banks and other lenders give loans on the basis of prototypes.
Step 3 – Business Planning
After having the prototype of the product, now you have to plan your business. You should know that there may be many operating companies or start-ups involved in any similar product, but the business model of each company will be different. You must also have a revenue model. You have to increase customer access to the product. You will also have to develop the operational management of the startup.
Also read: National Startup Day 2025: Lay the foundation of your startup with government schemes
Step 4- Raising funds
Once you’ve created a prototype and a business model, it’s time to start raising money for your company. However, it will not be easy to get satisfactory funds without entering the market. After successfully raising funds, you can launch your startup. For this you can contact the schemes and banks run by the government.
Step 5- Formation of the team
Startups require good team and management skills. Decide the size and operation level of your business. Is your startup product-based or service-based? Service-based businesses may have different needs, while product-based businesses may have different needs. The team should also include a lawyer for legal matters, a CA or accountant for finances and a good advisor. To ensure proper division of work, you must select co-founders in the company. You must create an energetic and passionate young team.
Step 6 – Give importance to promotion
You can take advantage of your college or office network. Use campus email lists, organize events with clubs, or post on bulletin boards to spread the word. Once your product has gained popularity and you have validated your model, it is time to think bigger. Use online resources. and who knows? Your idea might be the next big success story that everyone in India is talking about.
Also read: National Startup Day 2025: Move forward by maintaining a balance between college and startup.
