Building and launching new startup companies
Process workflow
General process workflow for a startup studio, which typically involves the following four steps
Ideation
The studio generates ideas for new businesses or products. This may involve brainstorming sessions, market research, and identifying areas of opportunity or gaps in the market
Validation
Once the startup studio has identified a potential business idea, they will need to validate it. This involves testing the idea with potential customers, analysing market demand, and assessing the feasibility of the idea. This step helps to ensure that the startup studio is investing time and resources in a viable business
Execution
After validating the idea, the startup studio will develop a plan for execution. This includes creating a business model, designing the product or service, and building a team to carry out the plan. The startup studio may also secure funding at this stage.
Scaling
Once the business is up and running, the startup studio will focus on scaling the business. This involves expanding the customer base, increasing revenue, and improving efficiency. The startup studio may also look for ways to enter new markets or diversify the product or service offerings.