From Idea to Reality: Navigating the Entrepreneurial Journey for New Entrepreneurs through value proposition, Building a Robust Business Model, Securing the Right Investment, developing an MVP and scaling towards growth.

1. From Idea to Reality:
Navigating the Entrepreneurial
Journey for New Entrepreneurs
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2. Ideation: Crafting a Unique
Value Proposition
According to a report by CB Insights, 42% of startup
failures are due to a lack of market need for their
product.
Begin by identifying a unique value proposition (UVP).
Airbnb exemplifies this; it addressed the unmet need
for affordable, homely accommodation, now a market
valued at $93.3 billion as of 2021.

3. Ideation: Crafting a Unique
Value Proposition
Conduct market research to validate your idea.
Identify your target audience and their pain points.
Develop a UVP that distinguishes your product or
service.
Action Steps:

4. Planning:BuildingaRobust
BusinessModel
AstudybytheUniversityofTennesseerevealedthat
44%ofbusinessesfailduetopoorplanning.
Draftacomprehensivebusinessplan.Dropbox'searly
focusonascalablebusinessmodelallowedittogrow
fromasimplecloudstorageservicetoagiantwith
over600millionusers.

5. Planning:BuildingaRobust
BusinessModel
Createadetailedbusinessplancoveringmarket
analysis,marketingstrategies,andfinancial
projections.
Considervariousrevenuemodelsandchooseone
thatalignswithyourbusinessgoals.
ActionSteps:

6. Funding:SecuringtheRight
Investment
Only0.05%ofstartupsraiseventurecapital,as
reportedbyFundable.
Explorediversefundingoptions.Companieslike
Mailchimpthrivedwithoutexternalfunding,reachinga
valuationof$12billionin2021.

7. Funding:SecuringtheRight
Investment
Evaluatebootstrapping,angelinvestors,venture
capital,andcrowdfunding.
PrepareasolidpitchhighlightingyourUVP,market
potential,andrevenuemodel.
ActionSteps:

8. Execution: From Planning to
Action
Forbes states that 90% of startups fail, often due to
poor execution.
Effective execution is key. Slack’s pivot from a gaming
company to a communication platform demonstrates
agile execution, adapting to market needs.

9. Execution: From Planning to
Action
Develop a minimum viable product (MVP) to test the
market.
Gather feedback and iterate quickly.
Focus on customer satisfaction and retention.
Action Steps:

10. Scaling: Growing Your
Business Sustainably
According to the Startup Genome Report, 70% of
startups scale prematurely.
Scale wisely. Instagram, with just 13 employees, was
acquired by Facebook for $1 billion, a testament to
lean and efficient scaling.

11. Scaling: Growing Your
Business Sustainably
Ensure your business infrastructure can handle
growth.
Gradually expand your product line and market reach.
Maintain quality and customer service standards.
Action Steps:

12. Reach out to Galaxy Weblinks, for
personalized advice or specific
insights into your business idea.
Our expertise aligns
with your ambition.
www.galaxyweblinks.com