Tips by Oleksiy Nesterenko for a Successful Business Startup

Tips by Oleksiy Nesterenko for a Successful Business Startup

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Oleksiy Nesterenko believes that a company ceases to be a startup if it has undergone various developments, such as being publicly traded, or being merged or acquired by a larger corporation and ceasing to be an independent entity.

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Published 29 December 2015
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Tips by Oleksiy Nesterenko for a Successful Business Startup
As business startup you need to make sure that the money which have got from various sources should be used very judiciously.
This is easier said than done because of the fact that you want growth as well as you want the money. Both cannot be achieved at the same time. But yes there are ways to do things in a cost eFicient manner and not spend money frivolously.
A business startup is a company at its Irst stages of developing the product or service which their business founders believe will be in demand. These companies are usually Inanced by its founders but since this kind of funding will not be sustainable in the long-run, it will require additional Inancing from investors and venture capitalists.
Although this type of companies exists in all types of business around the world, the term is mostly associated with the information technology and the rise of many so-called ïnternet startups during the dot-com bubble in the 1990s. Many of these ïnternet startups eventually failed mainly due to the lack of sustainable revenue or major Laws in their underlying business plans. Some of these
ïnternet startups, however, did survive even after dot-com bubble burst, like the online bookseller Amazon.com and ïnternet auction place eBay. Most of this startup activity was from an area in California called Silicon Valley, which is still known for having a lot of startup company activity.
Oleksiy Nesterenkothat a company ceases to be a startup if it has believes undergone various developments, such as being publicly traded, or being merged or acquired by a larger corporation and ceasing to be an independent entity. Or in an unfortunate turn of events, startups may fail and stops operating altogether
Want your business startup to succeed? Here are some tips by Oleksiy Nesterenko.
1. Enter a business area that you deeply enjoy, since you are going to spend a lot of time and eFort to start it and make it succeed.
2.Ask yourself if you have the necessary skills, initiative, determination as well as the mental and physical energy needed to start a business.
3.Start a business with a family member or a friend who can act as a sounding board for ideas and can lend a sympathetic ear and shoulder. People starting a business need a support system especially when a crisis occurs. Some entrepreneurs choose for the experienced guidance of a mentor, or enroll in a support program for startup companies.
4.the existing demand for the potential business venture. Research Evaluate the market you will enter and Ind out everything (including the size of the market, possible demand for the products/services, likely competitors) before committing yourself to implementing your business idea.
5.Make a business plan to at least to know if the startup will succeed or not. ït does not have to be a full-scale business plan for you to know this.
6.a new business venture is likely to take a long time to actually make Since proIt, you should think about starting a business while still employed. This will make sure that means there is still money available even while you are going through the startup process.
7.up clients or customers even before the startup's oFicial start. Try ine networking or make the contacts by selling or giving away your products or services.
8.Try to understand all the legal intricacies involved of starting and operating a business, such as the legal requirements for your type of business, and laws on health and safety.
About Oleksiy Nesterenko
Oleksiy has spent most of his career in the investment banking industry covering publicly-traded and early stage companies in the US, Europe, and Russia. During his tenure as a Inancial adviser,Oleksiy Nesterenko Startup inancesuperior analytical and Inancial modeling expertise, developed improved eFective interpersonal and project management proIciency, and enhanced business acumen and management capabilities.
Currently, Oleksiy works as a Inance and strategy consultant providing strategic CO/COO services to entrepreneurs and startups on an interim or consulting basis.
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