📈7 startup rules to follow for EXPONENTIAL GROWTH(for all industries)

Hello ,

In this blog post I’m gonna tell you the 11 most beneficial startup tips to grow your buisness EXPOENENTIALY! although, some tips may take time to show the results but they are surely worth your efforts so let’s get started!

1. Knowing your Customers

Well, this can sound weird to some new people but, this will help too, just imagine you don’t whom you’re selling to. See it just doesn’t make sense! To know whom you are targeting and marketing it would be a big nuisance. For this, startups need to first narrow down on who their target audience will be — both primary and secondary. It is essential to know why and how the product and services meet the specific audience’s needs.

2. Hiring the Correct People

Even though interviews are done, some or maybe many entrepreneurs, sometimes fail to see these two things People who believe in the startup’s vision and can add value to the team should be a priority in hiring. The initial squad is as important as the idea itself. By forming the right team, startups can accomplish their targets at a much faster pace and faster pace will help to get funding.

3. Chosing the correct place for funding

In the last point we saw that fast paced buisnesses would get fast paced money too, so if we are receiving money then we’ll surely need to put it back at the correct place for more growth if businesses fail to do so they’ll end up collapsing, to identify the correct place they can do some market research about the company their funding in so they receive a good output also not to be forgotten they can always look up at the disadvantages and advantages so they get up a good result.

4. Do Litmus tests regularly

Now many might ask what the heck is Litmus Test and how would it help them. The litmus test is a test which helps businesses to understand what their importance in the market. To do Litmus test businesses can do surveys, however to get the best understanding they can checklist a few things such as-

1. Are Customers ready to preorder their product/service?
2. Does the product help them in their lives in any ways?
3. Is the product better than the top level competitors?
4. Are customers ready to pay extra for the product even having cheaper options from other companies?

Now the better you score the better is your future in market also be ready to check out my next post as it will be on the Litmus test topic only

5. Always think ahead

Just think it about thinking ahead yes, it would help you to have no competition around you, for example; Apple thought to create a device with big screen which was as powerful as a computer guessed it right? The answer is yes, I am talking about iPad today, no tablet is as powerful as an iPad I hope you’re getting the point.

6. Have a Useful Product

Now just imagine assuming if you’re from India like me, you’ve probably heard of or saw it, I’m talking about Shark Tank India if you’ve seen it you’ve probably also saw this I’ll share the link at the bottom so it doesn’t distract you from the article. Well, having suspense at the end would make this even more fun catch you at the bottom. Well at the clip I’m sharing you we can see a man coming with a useless product and the products name is “Belly Button Shaper” Just imagine what the heck will someone do of a belly button shaper it’s ridiculous! So yes you need to have a useful product…

“A circle and deep belly button is key to success!”

-Anonymous

7. Being loyal to customers

A small mechanic shop you go there as the part shown below was deflated towards inside, with the help of a suction cup the metal could be easily re-shaped and when reshaped it starts working again as it used to but noww, the mechanic will tell you that you need to replace the part with a new one you listen to him and do the same and somehow from some friend or relative you come to know about the suction cup technique.

I was talking about this part which has the tank inside it…

See here it breaks the trust between you and the customer do you think that will you be able to trust that shop again? No, right! yes it’s very obvious how can someone trust on one who is lying!

We squeezed it down to the end!

However, with more tips left we’ll cover it up in some another article if you like this kind of buisness related articles just comment down below I have some more buisness tips awaiting for you

And yes here’s the video link

If you liked this article a clap👏 would be SUCESSFUL!