Achieving Full Startup Success: Step by Step – From An Idea to Action
Hi friendspreneurs, I’m delighted to have the opportunity to meet your person of choice Ademide Adewale , bringing you insights from the research coven once again. Do you share my experience in starting a business with limited resources? IDEA 💡. This guide is specifically for you, so don’t worry Teach you step-by-step What are the steps to convert a common thought into action? Supernatural business manifestation In a Systematic And Practical Manner. It also includes a Schedule with estimated timeframes , so you’ll know How much time elapses in each phase?
Weeks 1-4 contain the evaluation and PLANNING of an IDEA
📌 Goal: Establish the business idea’s viability and ensure its market appeal
Step 1: Determine Your Business Idea (Week 1)
🔹 What to Do?
🔹 Deliverables A concise summary of a business Concept (1-page summary)?
🔹 Timeframe: 1 week
Week 2: Market Research and Competitor Analysis
🔹 What to Do?
🔹 Deliverables Market Research Report – Competitive Analysis
🔹 Timeframe: 1 week
The third stage involves devising a Business Model and Revenue Plan for the following week
🔹 What to Do?
🔹 Deliverables Revenue Model Business Model Canvas
🔹 Timeframe: 1 week
Week 4: Work on the Business Plan and Pitch Deck
🔹 What to Do?
🔹 Deliverables Business Plan and Investor Pitch Deck
🔹 Timeframe: 1 week
Weeks 5-8 focus on STRUCTURIN GT H EB USINESS
📌 Goal: Establish a business registry, manage finances, and plan for funding
Week 5: Steps for Legal Registration and Compliance
🔹 What to Do?
🔹 Deliverables Obtaining the Business Registration Certificate and reviewing the Legal and Compliance Checklist
🔹 Timeframe: 1 week
Build a Budget and Financial Projections for Week 6
🔹 What to Do?
🔹 Deliverables A financial Projection document, budget, and Cash Flow Analysis
🔹 Timeframe: 1 week
Step 7-8 is the final step in securing Funding and Investor Outreach
🔹 What to Do?
🔹 Deliverables Outreach Strategy and Investor List – Grant Applications (if any)
🔹 Timeframe: 2 weeks
During Weeks 9-16, the focus is on PRODUC TD EVELOPMENT and LAUNCH
📌 Goal: Build the product, assess the demand, and plan for release
Explain the Tech Stack and Product Requirements in Week 9 step 8
🔹 What to Do?
🔹 Deliverables Tech Stack Document on Wireframes and U XD esign
🔹 Timeframe: 1 week
In Weeks 10-13, we focus on developing the Minimum Viable Product (MVP) as our 9th step
🔹 What to Do?
🔹 Deliverables ✅ MVP (First Functional Version)
🔹 Timeframe: 4 weeks
Week 14: Gathering User Feedback to Test and Collect
🔹 What to Do?
🔹 Deliverables Report of User Feedback on Enhancements in MVP
🔹 Timeframe: 1 week
Develop a Marketing and Launch Plan for Weeks 15-16 in Step 11
🔹 What to Do?
🔹 Deliverables ✅ Marketing Plan ✅ Launch Roadmap
🔹 Timeframe: 2 weeks
The OFFICIA LL AUNCH and GROWTH period in Weeks 17-24
📌 Goal: Build up the business and attract customers
The 12th step involves the Soft Launch and Initial User Acquisition during Weeks 17-18
🔹 What to Do?
🔹 Deliverables Customer Onboarding Strategy based on Pilot Test outcomes
🔹 Timeframe: 2 weeks
Week 19 marks the Official Launch of the product, and it will be in Step 13
🔹 What to Do?
🔹 Deliverables ✅ Official Product Launch
🔹 Timeframe: 1 week
The 14th step in the Growth and Scaling Strategy is the Week 20-24
🔹 What to Do?
🔹 Deliverables ✅ Growth Strategy Document
🔹 Timeframe: 4 weeks
🔹 FINA LS UMMARY: FU L LT IMELINE
Phase 1. Idea Validation & Planning 4 weeks
Phase 2. Structuring the Business 4 weeks
Phase 3. Product Development & Launch 8 weeks
Phase 4. Official Launch & Growth 8 weeks
Total “From Idea to Business Manifestation” 24 weeks (6 months) With the help of a business consultant, you can make your entrepreneurial or startup business journey as smooth as possible Walmid In-Ventures