First Answer These 15 Questions Before Establishing a Startup

Science gave birth to the technology that we can enjoy today, and all of it was born from an idea. Likewise with startups, born from an idea. Startup ideas will work well, when they work well when they are based on your ability to access and control the necessary tools, to gain timely traction in the market and then make money.

The journey of building a startup won't be easy, but when you can access and control the tools you need from your environment, resources, experience, and "you", you'll have the perfect platform to work with. start a startup idea with at least a fair chance of success.

Well, to test that your idea fits the means and the environment, ask the questions below and provide answers with reasonable responses:

1. Is the current market currently fertile? Why is now a good time to launch your startup?

2. Have there been significant changes in the social, political, economic or technological environment? How do I align the idea?

3. What is the market niche related to my idea is developing? What information can confirm that the market is indeed growing?

4. Do I already have specific information about the market?

5. Is there a pattern that can convince me that there is growth in the market that matches my idea? How can I convert this pattern into consumer demand?

Following that, the questions below to test whether your idea is suitable with the resources you have:

1. Do I have a big weakness compared to competitors playing in this market? (e.g. lack of access to key parties, resources, etc.)

2. What resources do I have that are unique and valuable that competitors do not have or can imitate? (e.g. strong finances, valuable information, original ideas, great people, etc.)

3. Do I have a rare and unique "something" that can outperform the competition?

Then, answer the questions below to see if you have enough experience and knowledge to jump in:

1. Do I have enough experience in operating or at least working in a company? How long? In what capacity? Will those experiences be useful for me setting up my own startup company?

2. Do I have technical knowledge in the sector my startup will be in, or do I partner with someone with technical knowledge?

3. Do I have enough experience and knowledge in setting up a company or do I have a mentor to guide me? Do I have a failed experience that I can learn from to build a new company this time? What do I know about developing and executing business models, customer development processes and enterprise management? After that, find out if this idea fits “you”.

4. Do I have a 'passion' for this idea and will this idea give meaning and benefit to the users? What will be my motivation when the situation gets bad and success doesn't come?

5. Do the work and assignments for this project match my personality? Am I ready to work hard and fully commit to this startup?

6. Does this idea fit my life purpose?

7. Is launching this startup in accordance with your long-term life plan (in terms of responsibilities, personal social life, free time, and others).

If you can answer fifteen or at least the majority of these questions with positive answers such as “Yes”, “Of course”, then you are in the stage where you are ready to turn this idea into a startup company. But if the majority of your answers are pessimistic, doubtful, unsure, or even "No, I don't have that", then think again and gain knowledge, experience, and preparation even more.