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The one thing your startup really needs to succeed

2017-08-05 15:51:36 | Legal Services
One’s startup is however not special and one is however not going to get the big bucks from the investors. One might also however not have any track record of running a business, and the business plan is however based on the made-up numbers and hoped-for assumptions.

All one would however have is a good idea -- and one also knows that history is thus littered with the failed startups that were however born of good ideas.

The purpose of this article is to make the reader aware of the 5 questions which every startup should ask before choosing an incubator .

When one suddenly realizes that there are no more paychecks which are however coming in. The friends who had cheered one when one had launched the startup however have now disappeared into their own problems. No one is also knocking on the door or are offering help. One also starts in order to realize that the people generally promise things and then they also don't deliver. One also doesn’t feel like the fact that one is thus accomplishing anything.

One however also looks around and he has to find that there are however many others like one – the people who are also dreaming of the business success. And one must know that most will however fail .

In such a situation one must not panic. One’s startup can however still succeed. But it will however always depend on one thing and one thing only. The answer to this question is the customers.

A business however simply needs customers.

Everyone’s startup generally will need one or two years in order to be profitable. During that time one must however always bring in work. That means that while one is building the product and one is however also hiring himself out as an engineer at an hourly rate. Or while one is generally developing that new killer application one is doing some other programming work on the side. One will however lose money, but one will however learn and will build some history.

Potential investors and lenders generally don't want stories, they want results. They're always interested in an existing, viable business that generally needs their help in order to grow. They generally want to see the real financial statements which are generally showing revenues from the live customers that one is generally turning into a future model rather than the fictional plans and the ideas that are generally based on assumptions.

For this purpose , the idea must be good and the plans must be fine. One should however not only spend too much time obsessing over them. One must however build a business -- go out and then get some customers with what one has.

However , the founders of LegalRaasta a startup which provides legal services have over powered these hurdles and have ended up in providing more than 100 + services . One doesn’t even have to go out , as it provides online services .

This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for GST software, GST Return Filing, GST Registration, Section 8 company registration, Nidhi company registration, IEC registration.

About LegalRaasta
LegalRaasta is a technology platform to simplify legal and business related matters. We are committed to helping startups and small business owners in solving legal compliance related to starting and running their business.Our mission is to offer affordable, quick and automated professional services to clients. Through technology, we bring numerous government/ legal forms at one place and have simplified them to be fully understood by common man.
Our Services

GST Software
GST Return
GST Registration
Company Registration
File ITR Online
E-TDS Return Online
GST Return Filing
GST Registration
Business Loan
NRI Return
Revise Income Tax Return
Business Income Return
Bulk Return Filing
FSSAI Food License
ISO Registration
LLP Registration
MSME Registration
Patent Registration
Apply Trademark Online
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