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As a First time founder of an app based startup, what should I expect in the day-to-day running of the venture

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I've worked closely with many founders during the early days of their venture. . #1 feedback is that they were many hats and work agile and be prepared for the unknown. you must also have a strong handle on your financial posture; costs, revenue, etc. Good Luck !

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As a small business counselor I have noticed there seems to be a belief that automation, the Internet and social networking can make the business succeed when in fact the real design of the enterprise itself is lacking (niche, market base, business plan, competitive analysis and financial forecasting)

I hear from many clients who ask, "What Now?" having launched an enterprise that is going nowhere because they are driving the tools and not the car.

I take them back to the garage; design the auto to see if it can run and then apply the wrenches retroactively if that is possible. It is usually a traumatic experience and could have been avoided with strategic and business planning before launch.

Below is a simple test to develop your potential idea for a business.

  1. Do you have a product or service niche in mind?

  2. Do you believe you have a market for 1 above and the means to reach it?

  3. Are you willing to develop a business plan using the FREE tool kit linked below to validate 1 and 2 above before you launch?

If the answer to the above questions is "Yes",use the below free planning aids to design your business vehicle and the road map you intend to follow on your journey:

https://www.sba.gov/business-guide/plan-your-business/market-research-competitive-analysis

https://www.wired.com/2013/09/why-do-research-when-you-can-fail-fast-pivot-and-act-out-other-popular-startup-cliches/

https://www.bplans.com/sample_business_plans.php

When you have completed the above definition and planning process you will then be in a position to astutely select the tools you wish to use along the way and apply them successfully.

You will be able to network your vehicle, pick up riders as industry partners, and attract revenue fuel in the form of customers by marketing and social networking based on the thorough definition and content of your business plan.

In short, don’t let technology make a monkey out of you and your idea as well as raid your treasury before you launch.

Define your business vehicle and its journey first. Then pick the right technology tools to make a successful trip.

Report Kenneth's answer

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Starting an app-based startup can be exciting and demanding. Here's what you might expect in your day-to-day:

  1. Wearing multiple hats: You'll likely handle various roles, from management to customer support, marketing, and even technical aspects initially.

  2. Continuous learning: Staying updated on trends, market shifts, and technological advancements is crucial.

  3. Problem-solving: Expect challenges daily, requiring quick thinking and adaptable solutions.

  4. Team management: If you have a team, coordinating tasks, ensuring everyone's aligned, and fostering a positive work environment will be part of your routine.

  5. Networking and outreach: Engaging with investors, potential partners, and users is vital for growth.

  6. Adaptability: Plans might change, and you'll need to pivot strategies accordingly.

  7. Long hours: It's common for founders to put in extensive hours initially to get things off the ground.

Remember, each day will bring something new, keeping the journey both exciting and unpredictable!

Report Ansel's answer

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