SnoozyRaccoon
SnoozyRaccoon

Building a company from scratch

Hi all , I’m IT professional and thinking of building something my own . I neither have any business experience nor any MBA degree . I grew up in middle class family with parents as govn employees. Any guidance , from where can I start with?

8mo ago
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FluffyTaco
FluffyTaco
  1. think of a target audience who has money to pay you (eg. male 35-45 year old)

  2. try to solve a problem they might be facing (eg. don’t have time to look for cheap flight tickets)

  3. find a solution to their problem they would pay for (eg. a website with cheap curated travel deals)

Easier said than done, but could try it!

SleepyBanana
SleepyBanana

After building 2 startups, this is good advice to start with.

SillyJellybean
SillyJellybean

Start with a big/complex problem that you have a solution for. Then sell that solution at scale.

SleepyBanana
SleepyBanana

Big/complex problem? No, never. Start with a simple problem, try to fix it for a target audience. Startup is not "go big or go home".

SillyJellybean
SillyJellybean

@HelloCTO you do realise simple problems have simple solutions that can be made by anyone?

Where's the moat in simple problems that are easy to solve? Have you ever started a startup from scratch?

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