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Supporting Ideas, Collaboration and Innovation

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Category: Startups

Three tips on starting your first company from scratch

Katie StoneBusiness, Company, Startups, Tips

Every person thinks of owning a company and organization and business corporations, but nobody thinks of starting one. You need to start something for you to have it otherwise you will keep thinking, and you will not have it. Below is how you can start your company.

#1. Research on the market gap

The market gap is what you will create your brand from. You cannot just create a company with the idea that God will provide. Make sure that you have the best name that you can use to start your business. Even the name should be unique leave alone the products because people want to class things. Research and create an excellent brand from the market gap that you will get.

#2. Plan your layout

You need to know where you will be taking the products, who will buy them and who will be producing. Always foster quality goods and profits shall keep on flowing in. Make sure that you make the products of your company outstanding by examining and modifying the ones for your competitors. You are not a monopoly in any business niche nowadays, so you need to know how to overcome the competitions.

#3. Register and market the company

Once you have developed the brand, once you have identified the chain of distribution the next step is for you to ensure that you create awareness for your brand and company. Open websites, Facebook pages, and blogs, write banners and put it on radio or TV channels. Within a small period, you will grow to the highest level you never imagined.

Starting a company needs determination and consistency to ensure that you don’t give up. There are a lot of challenges but through those challenges, you gather experience and courage.

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Four most successful startups of 2016

Katie StoneBusiness, Software, Startups

Some businesses started as a joke, yet they have generated millions of dollars at the moment making them gain attention from the world. Below are some of them.

#1. Product Hunt

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With the increasing number of websites in the world, it is tough to find some things online. This product hunt app was developed to ensure that people can easily get the products by locating them where they are through typing their name on the app search icon. It has an estimated capital of $7 million, and it started in 2013.

#2. DoorDash

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This is a food delivery app that was launched in 2013 by Andy Fang, Stanley Tang, Evan Moore and Tony Xu. It is commonly used to order fast foods from restaurants and to the US and Canadian homes. It is known for its long way development because it started from Stanford Dorm room. It is worth $60 million though many people say it is still small of that net worth. It has partnered with major brands like KFC, 7-Eleven, and Dunking Donuts and this has made it more successful that before.

#3. Boxed

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Boxed is a company that was started to emancipate people from the burden of carrying a lot of luggage when shopping. You can now use the app to buy all things you want, and all the things shall be brought to your doorstep. It is worth $132 million and it has the best reviews for its services.

#4. Luxe Valet

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This is an app that shows you the available parking space near you so that you don’t struggle a lot to get parking for your car. They can even wash your car and change the oil. It has a net worth of $25 million.

These are the startups that people think it was a joke, but now they have made it.