14.10.2016 | 
Education
HOW TO SUCCEED: STARTUP IN FOCUS
HOW TO SUCCEED: STARTUP IN FOCUS
The main components of a successful startup were presented at YSU today.

The seminar was organized in the frames of the cooperation between YSU Alumni and Career Centre and “Blue Book Training and Coaching” Centre.

“Blue Book Training and Coaching” Centre’s co-founder, trainer Narek Manaseryan presented the students what the startup is, what the main reasons of failure are.

“There are different approaches and ideas for the definition of startup. In my opinion, startup is an entrepreneurial activity, a solution to a problem or an opportunity. Startup business model must contain rates of growth, development, and it must have more than 70-80% profitability,” - said Narek Manaseryan.

The speaker also showed the students the differences between the classic business and startup, noting that in contrast to large companies that have the money, customers, partners and resources, startups do not have this all.

“Startups fail in early stage, because the creators are afraid of rivals, they lose faith. But I assure you that if you really believe in your idea and want to implement it, you will overcome everything,” - said Narek Manaseryan.

In order to create a successful startup, according to the speaker, you need a good idea, team, money, business model and time: “The most important thing is that your idea or product should appear in the right time.”

At the end Narek Manaseryan advised the students to create a good idea, to find problems, then offer solutions that will have value.

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