Five things to develop startup - the review from Startup practioners based on Tun Desem Waringin ideas

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The economic value added from this article

This article give the real perspective from the real practicioner of startup in responding a lot of ideas in the market. So its move like a validating whether the ideas is true or not.

In the last few days, I have liked to hear the motivation from the motivator, starting with Mario Teguh. He just focused on the relationship between human beings nowadays, Tun Desem Waringin. And today, from his podcast on Spotify, I listen to one of the most exciting and relevant areas of business that I do, the startup.

So here is the summary and also my opinion on whether it's relevant or not with not

1. The timing is good

a. The timing should not be too late

It is true that if you run and execute the business, timing is very important. If the business is already passing by, then its very hard to come back and reinstate the business. For example, the business of rent a book, video, or cd. Its so popular in the past to have media and people usually love something that tangible. But nowadays everything should be online.

b. The timing still should not be too early

If the timing is too early then it will be also too hard to start the business. Everything should be in good infrastructure. For example the business of electronic car. I am not sure if some of market or economy that does not have the readiness of the mobile charging can adapt the electronic car easily.

2. Having a solid team

a. The team should dedicate them self on the business

This is very true and I can assure it by my self. So

3. Have a differential in idea

a. What is the value-added from this idea

4. Have substantial financing

a. When the