Topic: Initial Finalized Idea Part 2
The last and final reason that helped me to fully realize my startup idea was the experience gained from working with a colleague on his startup. Real life exposure to the startup hustle and vitality not only breathed life into my idea but encouraged me to seek more business independence.
“Entrepreneurs make terrible employees”
Just before the startup bubble officially started my colleague disclosed his desire for entrepreneurism and disclosed his project in making a website for selling event tickets. His devotion and fortitude to make a difference was potent which channeled his path towards creating a successful MVP (Minimum Viable Product). However passion and charisma aside, there was lack of networks, patience and experience. A startup for selling tickets for events is a practical but over-used idea with a high barrier to entry.
”There are no stupid ideas for a startup”
If a startup built has certain factors present, then any idea has an equal chance for success. The important and underlying factors for creating startups are: products/services that people will use, revenue models guaranteed to make a profit in due time, and contemporary marketing strategies to spread the word about the business.
“Startup UMM Factors: Usability, Monetization & Marketing”
Nonetheless, working for that startup failed but it put me back on track for developing my own idea and business. Although I had wasted my time and money investing in that idea because of friendship, I am grateful for the experience. Now I was encouraged to be more tech savvy and to network with other startups especially since my business would be a tech startup.
“Never mix personal relationships with business”
In order to fully develop my idea I had to backtrack to my general idea of functionality and how it would solve my problem. Many days of pacing floors and lying awake in bed with a notepad in my hands passed while I scribbled notes to refine my idea.
My continuously overbearing question was how can I make it easier to search for colleges while making it easier to recruit students at the same time? My answer was to provide a website that would provide a database for students and colleges alike. This website would focus on increasing communication and connecting ideal students with colleges. Along with this website would be application aids, tips & information on financial aid, and relevant college admission tips. According to my research, one of the most common reasons for students that don’t go to college is lack of funding. With all the many scholarships and financial aid websites present, many students are still unaware. I wanted to share my knowledge with people as much as possible especially since this was the primary reason I chose to work within the industry.
Finally, I could conclude my idea to be a central website for colleges and students to connect with each other for the purpose of recruiting and general college life. I believed that a social network would provide an ideal and comfortable environment for both parties to interact with each other. Now with my fully realized idea I could dive in the more intricate matters of building the designs for the website and business.
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