entrepreneurial venture which is typically a newly emerged
business that aims to meet a marketplace need by developing a viable business model around a product, service, process or a platform. A Startup is usually a company designed to effectively develop and validate a scalable business model. The first step for an entrepreneur before starting a new company is to find the right idea for the Startup and work on it alone or with the team. As the team is very well known about the idea, build a prototype and release a product. Register your company for many more opportunities and facilities. The registered company and released product will help to raise the funds and to set a successful company. 1.Validate the idea 2.Form a team or set a co-founder 3.Build a prototype and release it in the form of product 4.Register your company 5.Raise the funds 1. Bootstrapping: Founders and the team members invest their savings and put their money together to boost the startup. Entrepreneurs can also convince their family and friends to contribute to their idea. 2. Crowd funding: It involves contribution or investments from more than one person at the same time. An entrepreneur will put up a detailed description of his business like goals of his business, plan for making a profit, how much funding he needs and for what reasons, etc. on various crowd funding platforms. Then people can read about the business and give money if they like the idea. 3. Angel investment: Angel investors also called Early stage investors are individuals with surplus cash and a keen interest to invest in upcoming startups. Generally, they invest around $1 million with numerous investors come together to provide funding. You can contact them on social media, LinkedIn groups, and through blog posts on websites, portal etc. 4. Venture Capitals: Venture capitals are professionally managed funds who invest in companies that have huge growth &potential. It is mostly investors & group of investors comes up with funding option of more than $1 million. This is not possible to approach venture capital in the starting stage of business because startups don’t usually have that level of stability.