A startup literally translated from English means “the beginning of the process.”
A startup is any type of business, the difference of which is expressed in the provision of goods or services to the market by a new method that has not been used previously (of course, not prohibited by law).
The basis for it is an idea, its relevance and uniqueness, multiplied by execution and funding. As a result, it can ensure the success of a business project.
For example, in the homeland of startups in the United States, 24-year-old inventor Rob Rhinehart came up with the Soylent drink, which replaces food and contains all the substances the body needs – fats, proteins, salts, trace elements, carbohydrates. About a million dollars have already been invested in this unique product.
In Malaysia, the startup Food Truck has already fallen in love with many residents in Klang Valley. The idea of the Food Truck is that rent a mobile truck, plan your truck design, think of some yummy food menu (Of course before that you must learn how to prepare the food), source about raw material etc.
Knowing about the success and immense popularity of startups abroad, I would like to know if we have them?
Bileton.uz – online sale of tickets for events, cinema and theaters. A platform for quickly creating and promoting events with convenient features for organizers.
Boomerang.uz – is a high-tech courier delivery service for business correspondence. In the long term – prompt delivery for online stores.
Oson.uz – personal shopping guide. Aggregator of product offers of stores in Uzbekistan. Personalized work with customers of stores (loyalty programs, etc.). Indoor navigation in shopping centers using iBeacon technology.
Rentme.uz is a platform for the rental of things. Here you can make money on things that are idle by renting them out.
Straxovka.uz – online insurance. Aggregator of offers of insurance companies of Uzbekistan with the possibility of buying a policy on-line. Free delivery of policies.
Gifty.uz is a service whose main tasks are to help people choose original products and at the same time create a sales market for manufacturers of handmade products.
Every startup should know:
When investing in an idea, an investor counts on a part of the profit that a successful business will bring in the future. If the result is negative, he risks losing his invested funds.
Smart investors understand that projects that offer new services or products that are not yet on the market bring the greatest profit. In this regard, a startup must combine a new concept of products or services that will be in demand in the market and bring profit.
Most often, a startup project is a connecting link. For example, a new online store has entered the market, offering some original products, where the main function of the online store is to bring the seller and the buyer directly together.
The idea of ”let’s open an online store with original goods” is preceded by a lot of work on the business plan. After all, it is a competently drawn up business plan that is half of the success of the project and will be able to attract investors.
Those who decide to open an online store first create a website or a mobile application and give themselves a period of 3-4-5 months to create a base of their customers. If during this time they created it, then the project can be called successful, it is monetized, i.e. a fee is introduced and the project starts to make a profit. Also, an online store can receive money from advertising, introduce additional services in the form of delivery of goods, conduct marketing research, and receive deductions from the bank for transactions.
Do not forget that a startup is, first of all, a “team game”. Each such team has a founder of the idea (if we use the sports term – coach), he is supported by a performer (athlete) and an investor search agent.
In our country, startups are just beginning to take their first steps, which will soon lead to the development of this very practical and interesting mechanism for starting a business. Despite the fact that startups are still considered a novelty in our country, unlike the countries of Europe and America, there are investors in Uzbekistan who are ready to invest in the ideas of young entrepreneurs. There are also projects that are a link in this matter.
If you have a startup in need of then you can may contact TheStory Berhad (https://thestory.my/)
The emergence of startups and the possibility of their implementation, their transformation into a profitable business project is a sign of the development of modern business thinking of our entrepreneurs. Thanks to the implementation of such projects, the existing generation of entrepreneurs is replaced by a new, young one, bringing fresh ideas to the market of services and goods.