All articles by The Startup Station

You have an idea. You are excited. You can’t wait to start. But before you pour all your energy, time, and money into it, you first must evaluate its viability. More specifically, are you really solving a problem that needs be solved, and is your solution actually better than others that already exist?

As a startup founder, time management and priority setting are very important. There are many things you need to do every day and at times it can be overwhelming to decide what to do first. These four steps will help you better understand where you should focus your efforts.

Nowadays, it is hard to be in the startup world and not hear the buzz words: blockchain, artificial intelligence, and big data. Thus, it is very natural to have FOMO that if you don’t adapt any or all of these technologies for your startup venture, your solution will not be competitive long-term.

There are many common mistakes that first-time entrepreneurs make. It is important to be aware of them so that you can launch your venture successfully. These are three main common mistakes.

Being confronted with having to value your venture without any financial data and often without proper finance training is the nightmare and reality of every startup founder. You don’t want to sell yourself short, and at the same time, you don’t want to seem unrealistic and lose a chance to raise capital.

Many startup founders don’t fully understand why it is important to have a company valuation, especially at an early stage. We demonstrate how a company valuation affects the amount of control you, as a founder, are going to have and how much money you end up making in case of an exit with a help of a fictional example.

In a market hungry for immediate results, there is always pressure to grow quickly. But is that always the right thing for the company’s overall strategy and long-term prospects? Here are four situations where rapid growth can backfire.

Human creativity knows no bounds. However, not all great ideas can and should be turned into successful businesses. How exactly can you tell if you have a winner? In this blog and the corresponding video, we present a five-step framework you can use to determine if your idea is viable enough to pursue it further.

The Startup Station is committed to helping you put together credible financials for your early-stage venture. And yet, most early-stage investors say that they don’t consider pro-forma projections for pre-revenue companies as part of their investment decision. So am I just wasting your time when I teach you how to properly formulate assumptions, how to translate your business plan into a financial plan, or how to evaluate the financial feasibility of your business model?

No matter how great your business plan is, how many revenue streams you have, how appealing a business model you created, how big a market you are addressing, and even how efficiently you plan to use capital, it is NOT enough to secure funding for your startup stand-alone. In this blog and the corresponding video, we unveil the other two components that are key to ensure your startup’s fundability.