The rise of startups in Asia is definitely happening. Startup companies in the region are growing very quickly and some even made it into the list of unicorn companies around the world, acknowledged globally. Despite so, a lot of startup companies are still having difficulties in coming up with an innovation that can successfully penetrate the market. An innovative idea is not enough for startups. A well-planned execution is also a key to success. This is supported by a good ecosystem for the founders.
Startup companies need to be able to define the right goals, build the right product, secure funding and investors, build a good team, and pivot at the right time.
To avoid failure in the startup ecosystem, startup companies can consider startup studios as an answer. You don’t really get a second chance to make a great first impression. Thus, it is very important for the ideas that you’ve come up with to be cultivated in the hands of experts for an explosive growth without fail. Startups can benefit from the system of a startup studio that is growing at a rapid pace, making it possible for entrepreneurs to freely do what they know best and the rest by a team of experts.
But before you work together with a startup studio, you have to first learn more about it. Putting it simply, a startup studio is a company that helps build other companies by turning ideas into something real and feasible. It helps startup get the right ignition that it needs and make sure that it is capable of a sustainable run for a long time. It is highly involved in the early stages of a startup and has been acknowledged globally as third co-founders of ventures.
Learn more about the benefits of working together with a startup studio for newly embarked startups that wish to minimize the risk of failure and increase the chance of success as well as maintaining a sustainable business:
1. Startup Studios Acts as a Co-Founder
It may be a little similar to an accelerator, but not quite. A startup studio works together with the founders as a co-founder, thus it has a deep understanding of the idea and problems that the startup faces. A startup studio can really help you make your ideas come into realization and make a well-planned implementation with fewer time constraints. A startup studio will support you for a long period of time until you can run on your own smoothly.
2. Pooled Resources
A startup studio owns a team that consists of everyone you need: designers, developers, marketers, and administrative staff. These people are essential for the early stage of your startup so that you can launch a successful company as you “cook” and perfect your idea. With their specialized knowledge and experience, the iteration process can be quicker and more refined.
3. Offers Shared Learnings
As beginners, it is expected that startups will make mistakes and end up failing due to the lack of knowledge of the founder. With a startup studio, novice entrepreneurs are given mentorship and support en route to avoid failures and enrich them with the necessary knowledge for a successful startup.