7 First Steps to Building a Digital Startup Business

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Currently the startup business is starting to develop in Indonesia. Unfortunately, startups are often born in a state of uncertainty. Starting from the business model, the target market, even the product idea. Many people just join in building a startup business without understanding the basics that must be done.

One of them is building a digital startup. A digital startup is a company that uses digital technology to create solutions to the problems of Indonesian society. So that you don't go the wrong way in starting this business, follow the following steps before starting a startup business.

1. Validating Ideas

You can find business ideas anytime and anywhere, but the main problem is the process of executing the ideas that have been thought of. For that you need to do several things, namely looking for problems, looking for people who are disadvantaged by these problems, then communicating the solutions you have to solve them. From these three things, you can conclude whether your idea is worthy of being executed or not.

2. Business Plan

After getting an idea, now is the time to outline the goals in a business plan that consists of several stages and is worked on over the next few times. Try to work out the list of plans at the set time. All it takes in making a business plan is just a simple concept and try to think about what things are needed. A simple strategy and done with the right target market, the results will be much better for making a successful digital startup business.

3. Doing research

Whatever is done, always make sure to do your research before making a decision. You should always have evidence to support your decision, not just gut feelings or personal opinion. For example, before determining which social media to use to market your business, first try to check the composition and potential users for your business. Does your target market use social media? Or how often do they use social media? And what do they usually want to find through social media?

4. Have Insights About Technology

It is true that there is no obligation for a startup to be oriented towards technology and information systems. But, in reality all startups are based on it. Even old non-tech companies cannot deny that the use of technology is important in business. Especially if you are running a digital startup, it is absolutely necessary to have a broad insight into technology.

5. Original

Many people try to have original or original products. To have an original business means you have to think of something unique and useful for your customers. Don't just do random actions in the name of being unique but not original.

6. Always be consistent

Every business that starts with thorough preparation will certainly increase business effectiveness. As an entrepreneur, you are required to continue to be creative and have new strategies or improve existing strategies. Always have consistency so customers can easily recognize your business.

7. Expanding Business

If within 6 months you have seen good progress, then you and your team can expand the business. Do business development step by step to avoid the risk of loss that is too big and your business can remain stable even though it changes.

Those are the 7 first steps in building a successful digital startup business. Whatever business is being run, you must still have the right financial reports is always a top priority. Now, you can create financial reports with accounting software.