How to start a startup?

Let's say you want to start a start up like a scalar academy. How would you go about it? Will you do marketing first to bring in customers or register as a company? Start hiring people or spend on ads? Just curious to know how people start up, and what's their first step. Please share your insights, it might help someone start later on. Thanks for the input

LastWit51

Stealth

a year ago

Enough edtechs have launched without having a good product or even poc. Just as a change I would say define the problem first you are solving, then build a product where you have a proof of success at small scale. Ideally you should have a small sales/marketing teams if the product is good, unlike scaler, upgrad where >50 % people are in sales roles and leas than 10% ppl are in actual teaching/ mentoring role.

Dcube

Stealth

a year ago

Edtech here is just a example, but i get your point 👍

PunyDrama38

Stealth

a year ago

you had to choose scaler?😂

Dcube

Stealth

a year ago

Yea, reason being they are easy to bootstrap

PunyDrama38

Stealth

a year ago

yes, everyone has opened tuition for dsa

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Gambler1

Crypto

a year ago

First buy the domain name -> build the product on the domain and host it -> find bugs and tackle them -> spend on buying followers and grow it -> no need to hire many people. Just 2-3 people in the company are what you need. The more you hire the more tension you get. Also set the company in estonia / dubai you’re good to go

Mubuuu

Crypto

a year ago

Hey how you register it in dubai. I had this problem when I was launching my first one

Gambler1

Crypto

a year ago

It’s generally better when you hit 450k in revenue. 10k is the general charge you share some documents that’s it