Introduction
In this module, we focus on startup basics so that you have a solid guide to lead you on your journey with Microsoft for Startups Founders Hub.
We start by discussing some personal considerations:
- What's it really like to found a startup; not the hype, but the nuts and bolts of the journey and what to expect.
- How to manage your time and energy.
- When to transition to building your business full-time.
We also discuss what makes a startup successful, and why having a business model that's repeatable and scalable is essential. Just as importantly, you learn about some of the most common reasons that startups fail so you can avoid making these mistakes.
Finally, we talk about what founders should focus on in the first year of managing their startup. This discussion helps you map out the next few steps of your own journey.
Learning objectives
In this module, you learn:
- How to think about the startup journey from a personal perspective and prepare for the road ahead.
- How to decide if you're ready to pursue your idea full-time.
- What factors help startups succeed and how you can take actions early on that improve your chance of success.
- What mistakes cause startups to fail and how to avoid them.
- What to focus on in the first year of launching your startup.
Prerequisites
- None