Assuming that the idea/problem to be solved has been identified, which of these should be the first step for a new startup?

Market Research18%

Build a Team44%

Build a MVP21%

Make a Business Plan11%

Prepare a Pitch Deck3%

another action (mention in comments)1%


222 PARTICIPANTS

634 views2 Comments

CFO in Finance (non-banking), 11 - 50 employees
As a startup founder, I'm surprised to see "build a team" having such high ratings. From personal experience, it's very hard to build a good team without data from market research or an MVP to show some usage traction. Good people will only want to join a company where the founder has done the homework and put some money in to bootstrap the idea in an MVP.
2 1 Reply
Chief Data and Analytics Officer in Banking, 501 - 1,000 employees

100%  agreed.

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Improved data capture and analytics33%

Forecasting and predictive systems0%

Expanding vendor sourcing through multi-country or multi-vendor50%

Increasing inventory levels and safety stock0%

Leveraging 3rd party flexible relationships0%

Adding Automation to increase flexibility in operations17%

Other (comment below)0%


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Autocratic5%

Transformational45%

Servant11%

Laissez-faire6%

Democratic8%

Coaching22%

Others3%


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Community User in Software, 11 - 50 employees

organized a virtual escape room via https://www.puzzlebreak.us/ - even though his team lost it was a fun subtitue for just a "virtual happy hour"
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