Questions

I have a start up idea, but not very much technical experience. I have a little, but not enough to create what's in my head. What would be the best way to get started. This would be my very first start up and would like to try and do things as correctly as possible with very little costs because I am a college student. Would creating a business plan and a landing page be the ideal way to go? I know in order to gain some traction, investors, or a technical cofounder I would need to show that there's a need, want or desire for my service. I do know a few sport celebrities that can possibly help me get this out. How should I go about this?

Good (and common) question.
It's difficult advancing your startup / raising money without a CTO, but it's not impossible.
Here are first stages that you need to take:
1. Research your idea (how it will be done, costs) and the market [potential customers, competitors (what they're doing, how you're different) etc]
2. Refine your idea/business model/target market based on your research.
3. Share your idea with friends and get as much (negative*) feedback as possible (yes, I know that entrepreneurs are always scared that their idea will get stolen, in reality, this almost never happens).
* An important point for this stage is that you avoid the 'ugly baby' syndrome (if you show someone the ugliest baby in the world and say: "this is my baby, what do you think?" they will of course say that it's the cutest baby ever" because they don't want to offend you). So instead, say something like: "my friend has this idea he wants me to work on with him, I don't think it's such a great idea, what do you think?" - this way, they will feel more open to tell you the truth.
4. Refine your idea/business model/target market based on the feedback you received.
5. VALIDATE your idea (most important stage) - see how in my Clarity answer on this subject here: https://clarity.fm/questions/596/how-do-you-get-access-to-the-right-people-to-validate-an-idea

I've successfully helped over 300 entrepreneurs. I'd be happy to help you.
Good luck


Answered 2 years ago

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