Starting a company is similar to a baby learning how to walk – it requires a lot of hard work, perseverance and the willingness to rough it out. Every step of the way requires in-depth consideration, time, effort and money.
Instead of bumbling along trying all kinds of methods, hear directly from seasoned entrepreneurs who’ll impart the necessary knowledge you need in the early stages of your startup at Tech in Asia Singapore 2017’s Startup 101 stage – you’ll thank your foresight in time to come!
Here are 4 Startup 101 sessions you can look forward to this May 17 & 18:
1. Negotiating your first seed round
It may be intimidating to go up against the VCs, but don’t be afraid to ask them to match the best offer you have. The key here is to pick your battles. There’ll always be terms that you can’t win, being too firm on them will only slow or stall negotiations. Instead, optimise the term sheet to your benefit by focusing on terms that matter most to you.
2. Hiring the right talent
Bringing the right people on board is one of the most challenging tasks for founders. Know the specific skill sets you’re looking for, and hire based on that. Work culture is also often the key differentiator to retain employees. It’s crucial to build a positive work culture from the top down and create an environment that employees would want to be part of every day.
3. Avoiding legal traps
Without a solid legal foundation, startups may easily fall victim to legal traps. Common legal mistakes such as not incorporating a company, or not creating a privacy policy can be avoided by doing your homework and taking simple precautions. If you’re on a budget, there are free legal resources available for you to tap into for legal advice.
4. Knowing when to pivot your business
Pivoting does not mean failure. Many well-known companies, such as Pinterest, Instagram, and Nintendo have pivoted their business to great success. When investors are not buying into your idea, or when users aren’t interested in your product, you know it’s time for Plan B. Recognise these warning signs early, speak to your customers, and pivot according to their needs.
Glean new insights at Startup 101 stage
Starting a business is no easy feat. It requires a lot of hard work, determination, and constant learning. What we’ve covered here is just the tip of the iceberg. Industry experts from Techstars, Zilingo, Wantedly, and more will be delving deeper into these topics at Tech in Asia Singapore 2017’s Startup 101 stage (Day 1).
Psst: Tech in Asia’s in the midst of updating their events page so do check back for regular updates!
To attend these sessions, just key in this code: tiasg15 at Tech in Asia’s ticketing page to lock down your conference passes at a 15 percent discount! The offer expires on April 7 – so grab your passes now before prices increase.
This post Startup101: Blueprint for startup success appeared first on Tech in Asia.