This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/05/06/four-major-startup-stages-that-you-should-know-about/
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by Arsalan Sajid, startup community manager at Cloudways
Life is not a box of chocolates and startups are not always easy to start. There is a complete process that governs the startup lifecycle including inception to exit.
You must have heard about people who build startups, make them successful, sell them, and move on to start another startup. And, you must have wondered, ‘Man! How are they doing it? Who is buying from them and how are they keeping up their cash flow?’
These people exist and they are called ‘Serial entrepreneurs.’
Serial entrepreneurs are those who understand the complete concept of a startup lifecycle and benefit from that. They make money by starting a product from scratch and then selling it in thousands of dollars. In most cases, they hit the jackpot when their products are sold for millions.
In this article, we will discuss why it is important to understand the whole startup stages concept before you start a business to get the most benefit.
Early Stage.
This startup stage starts from the day you decide to work on a startup idea. According to Lee M Von Kraus, PHD and a mentor at Clarity.fm, “Early stage startups are usually pre-money startup that are bootstrapping the early development of a product.”
Here is the complete list of points available in early stage startup.
Inception.
This is the very beginning of the startup stages. You have a refined idea and you are ready to work on it. Inception stage usually includes the ideation of the idea and formation of the team.
Ideation.
During the ideation startup stage, the startup is still just an abstract concept. You don’t have a product and most of your meetings will not bring any fruit. You are looking for cofounders that can help you … Read More
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