Startup Tips: Right time to start a startup, college campuses should become new hubs of innovation; Students must follow these tips..

College Startup: In today's time, college campuses are not just the center of studies, but have also become famous for innovation and starting startups. While earlier college hostels were known for making and eating Maggi and talking and studying till late at night with roommates, today, students in almost every corner of India are turning their ideas into successful startups by taking advantage of their enthusiasm, passion, and academic environment here.

If you, too, are going to take admission in college and the idea of starting your own startup is coming to your mind again and again, then this is the right time to take them to their right conclusion. However, for this, you will have to adopt some strategies, which are mentioned here.

Know the 'why'
The foundation of every successful startup is laid on a vision and identification of the problem. So first of all, ask yourself what problem can I solve? Your 'why' will take you forward, especially in difficult times. Suppose you realise that students are struggling to find affordable and quick tutors, and this is where a new startup idea is born. This vision can become your foundation. Discuss with your friends, conduct surveys, and gather insights from online forums to know the reality of this problem and move forward.

From idea to plan

Once you have finalised the startup idea, put it on a single-page business model like 'Loan Canvas'. It is a one-page business model that includes all aspects like revenue, cost, and value proposition. Apart from this, identify challenges like funding, time, study pressure, and keep a backup plan ready for yourself. If you want, you can take the help of a co-founder. They can help you take your idea forward during your exams.

Right people, right roles
A strong team is needed to make a big idea come true. So, bring together people with different skills from you and form a team. University hackathons and startup clubs are great places to find such talent. Apart from this, decide the role of each member in the team according to their capacity, like someone handles marketing, someone handles the technical aspect, and someone handles the design.

Focus on branding and finance.

You can start branding the brand with a simple website, social media, an Instagram page, or by creating a community. Tell them why you started this idea. As a student, you will have financial problems. In such a situation, start with limited resources and free tools. Also, take advantage of accounting, funding, crowdfunding, government, and institutional innovation grants. You can also take help from the university network.

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