The Startup Masterclass - For Every New Entrepreneur

This lecture is about finding whether startups are for you? Whether being an entrepreneur means something to you? Identify what it means to be an entrepreneur.

Before beginning this course, it's important to identify whether running a startup and creating a startup is something you want to do. This lecture discusses the necessities of running a startup, and the sacrifices that you need to make in order to make your startup successful.

This lecture is about finding your passion because passion is the most important thing when running your startup. A startup without the passion of the founder is like a car without an engine. Or a human without a heart.

Now we are beginning the startup masterclass, this lecture discusses whether users will use your product if you create it?

In this lecture, we are discussing the definition of a lean startup

What is a Minimum Viable Product (MVP) and how can you achieve it?

What's growth hacking and do you need growth hackers on your team?

In this lesson, we are looking forward to finalizing your startup idea to make our way forward success.

In this lesson, we are discussing how to put the idea you have in your mind using Pitch Decks and Business Plans

In this lesson, we are discussing about the location of your startup and whether the startup location really matter?

In this lesson, I'm presenting an idea about accelerators & mentors, and whether you really need them to make your startup successful?

Finding investors is a question any startup guy has. There are investors everywhere, but who should you select your investors, and how to and what to pitch to your investors?

When you have a released product, the next possible step is to get your first few customers to make money. How do we do that? That's what's discussed in this lesson.

We are talking about the fundamental benefits of competition and how you need to compete in the market.

How to make your product a popular startup, and how to shift gears to run faster and be long-lasting in the market

This lesson discusses whether you really need co-founders as an entrepreneur 

How does someone identify their skills and what they know?

In Project Management, we learn something called a SWOT Analysis. A SWOT Stands for (Strengths, Weaknesses, Opportunities, and Threats). Project Managers normally do this to identify whether the project that they are about to begin (i.e: a new building / a new business) is feasible in the long run. I suggest you strongly to create a SWOT Analysis not for a business but for yourself.

You don't need to do this in a professional way, just get a piece of paper and a pencil.

1. Identify what are the strengths that you have and write them down. (Do not include the skills you are hoping to learn in the next 6 months and stuff)

2. Identify the weakenesses you have within yourself that you stop you from success (Eg: If you don't know how to code, and you want to start a tech startup, you better find yourself a co-founder with tech background)

3. Identify the competitive opportunities you have when compared to others in the same arena. If you want to start a agriTech startup, and you have 5+ years of experience or a Phd in Agriculture, that's a advantage you have.

4. The threat thing is not going to validated for a person. In Projects a threat is like a natural disaster (floods / hurricanes). But you can draw yourself to a position and your business to hypothesis like the Covid-19 situation and identify how you would react to this kind of a situation.

Let's draw a SWO for the 19 year old Bill Gates who was just starting up. (Eliminated Threats because I don't think they work with humans)

Strengths

• Highly Skilled at Computer Coding

• Highly Passionate about where technology is headed

• Extream ability to focus and excel in a competitive environment

• Achieved 1590 out of 1600 in the SAT test

• Best in Mathematics

Opportunities

• Network of Harvard

• Undergrad at Harvard University

• The technology is created by the young inventors at the time

• Anyone with a great idea had lots of press coverage and ability to change the world

Weaknesses

• Has to complete the degree at Harvard (Or dropout?)

• Don't know what people to work with

• Extreamly weak on identifying the right set of skills and people needed to make a team

This lesson discusses between your extinction and plateau in this stage of running your startup