Starting a startup business model seems to have become the best choice for young people in general. Actually, this startup business is an identity that is attached to a newly established business, but lately, a business that uses an information technology platform in its business activities is said to be a startup business.
It was revealed by the Indonesia Digital Creative Industry Society that the development of startups until the end of 2018 had reached 992 units.
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This proves that today the startup business model has become a trend for millennials, especially among young people. Maybe there is a ticklish question from the reader, what are the startup business models that are of interest to novice entrepreneurs?
Well, I will explain here some types of startup businesses that are quite rapidly dominating the virtual world and are already quite widely known by the public, such as:
1. Games sector
Examples are megaxus, gameLeveIOne, gamechanger, everidea and SemiSoft.
2. Housing sector (property)
A startup that is so popular in Indonesia for those who need information about houses is rumah123.com and or rumah.com
3. Trade sector (e-commerce)
Types of startups that enter this field include shopee, olx, bukalapak, tokopedia, kecipir, agromaret, tanihub, etc.
4. Investment field (capital market/securities)
Examples of startups in the securities sector are sinarmas securities, trimegah securities, telefast securities and many more.
Readers, we all need to know that as a startup company as I have stated before, in the startup business model there are 6 levels that are commonly used to assess the level of a startup business, namely cockroach, pony, centaurs, unicorn, decacorn, and hectocorn.
This assessment is commonly called valuation, which is an economic value attached to a business. For a startup business, the way to assess it is by using 6 measures:
1. Number of competitors
2. Number and size of transactions achieved
3. Number of customers
4. Value of product technology used
5. Quality of the team
6. Number of competitors
This proves that today the startup business model has become a trend for millennials, especially among young people. Maybe there is a ticklish question from the reader, what are the startup business models that are of interest to novice entrepreneurs?
Well, I will explain here some types of startup businesses that are quite rapidly dominating the virtual world and are already quite widely known by the public, such as:
1. Games sector
Examples are megaxus, gameLeveIOne, gamechanger, everidea and SemiSoft.
2. Housing sector (property)
A startup that is so popular in Indonesia for those who need information about houses is rumah123.com and or rumah.com
3. Trade sector (e-commerce)
Types of startups that enter this field include shopee, olx, bukalapak, tokopedia, kecipir, agromaret, tanihub, etc.
4. Investment field (capital market/securities)
Examples of startups in the securities sector are sinarmas securities, trimegah securities, telefast securities and many more.
Readers, we all need to know that as a startup company as I have stated before, in the startup business model there are 6 levels that are commonly used to assess the level of a startup business, namely cockroach, pony, centaurs, unicorn, decacorn, and hectocorn.
This assessment is commonly called valuation, which is an economic value attached to a business. For a startup business, the way to assess it is by using 6 measures:
1. Number of competitors
2. Number and size of transactions achieved
3. Number of customers
4. Value of product technology used
5. Quality of the team
6. Number of competitors
The role of startup accelerators in startup businesses
Apart from those six dimensions, the question that cannot be denied for an entrepreneur is how to be successful in a startup business?
There are two triggers that are factors in the growth and development of this startup business, the first is what is called incubation, the second is a startup accelerator.
You need and are required by law to follow these two things, because both have the same upstream, encouraging startup businesses to grow even faster, through improving the products sold, or through the scheme and design of the startup business model used.
Readers, in terms of implementation time, the incubator and startup accelerator programs are very different. For those who choose to follow the startup incubator program, for 6 to 18 months you will be given intensive training around startup business ideas, engineering the business design for the idea or preparing a product design that is ready to be sold.
Unlike the startup accelerator program, the program is only held for about three months. The reason is because the program menu prioritizes startup businesses that already have a product. This means that the startup accelerator is only a way to smooth a product from a startup business to be ready to be sold to the market.
1. Get integrated support
When your startup business is fading, it is a very good reason to ask for help through a startup accelerator program. The mentors will provide comprehensive and integrated guidance based on their experience and knowledge about things related to your startup business
2. Complete list of activities
Although in the startup accelerator program, at first glance it looks so short, only 3 months, but that short time is filled with various activities that benefit your startup business. The startup accelerator program activity menu is very diverse and practical, such as meetings with mentors, feedback sessions, presentations and demos, how to build networks
3. Provide access to investors
The third reason is that in the startup accelerator program they will help you as a business actor by providing direct access space with an investor. The way they usually do this is by inviting investors to watch the presentation
4. Risk management
As a business, of course the risk of loss is the most feared thing by a businessman, including in the startup business. However, this risk must be managed properly so that it can change and generate income for the startup business.
Now the fourth reason why you should join a startup accelerator program as stated by Rehan Yar Khan, managing partner at Orios Venture Partners, through his writing about Entrepreneur India, is that startups can be successful if product development, pricing, technology, operations, customer service, marketing, finance and HR management can be managed in an integrated manner.
In closing, these are some important points about the startup business and hopefully this will be a consideration for those who are serious about pursuing their startup business.
There are two triggers that are factors in the growth and development of this startup business, the first is what is called incubation, the second is a startup accelerator.
You need and are required by law to follow these two things, because both have the same upstream, encouraging startup businesses to grow even faster, through improving the products sold, or through the scheme and design of the startup business model used.
Readers, in terms of implementation time, the incubator and startup accelerator programs are very different. For those who choose to follow the startup incubator program, for 6 to 18 months you will be given intensive training around startup business ideas, engineering the business design for the idea or preparing a product design that is ready to be sold.
Unlike the startup accelerator program, the program is only held for about three months. The reason is because the program menu prioritizes startup businesses that already have a product. This means that the startup accelerator is only a way to smooth a product from a startup business to be ready to be sold to the market.
4 important reasons to join a Startup accelerator
Creating a perfect startup business is not an easy job for those who do it alone. But the results will be different when the startup business is done by many people, especially by a professional team. For that reason, there are 4 reasons for beginner startup entrepreneurs why they should join and participate in startup accelerator training.1. Get integrated support
When your startup business is fading, it is a very good reason to ask for help through a startup accelerator program. The mentors will provide comprehensive and integrated guidance based on their experience and knowledge about things related to your startup business
2. Complete list of activities
Although in the startup accelerator program, at first glance it looks so short, only 3 months, but that short time is filled with various activities that benefit your startup business. The startup accelerator program activity menu is very diverse and practical, such as meetings with mentors, feedback sessions, presentations and demos, how to build networks
3. Provide access to investors
The third reason is that in the startup accelerator program they will help you as a business actor by providing direct access space with an investor. The way they usually do this is by inviting investors to watch the presentation
4. Risk management
As a business, of course the risk of loss is the most feared thing by a businessman, including in the startup business. However, this risk must be managed properly so that it can change and generate income for the startup business.
Now the fourth reason why you should join a startup accelerator program as stated by Rehan Yar Khan, managing partner at Orios Venture Partners, through his writing about Entrepreneur India, is that startups can be successful if product development, pricing, technology, operations, customer service, marketing, finance and HR management can be managed in an integrated manner.
In closing, these are some important points about the startup business and hopefully this will be a consideration for those who are serious about pursuing their startup business.
Read also how to start business, this is you need
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