Date — 28th May 2023
I have decided to take on a million-dollar challenge to build a software startup. In this venture, I will be building a product that helps small businesses manage their marketing and sales to generate leads online in a cost-effective manner. I am going to name this Product Neoleads, aka A Lead Generation Automation Tool for Small Business.
Challenge
A challenge is to build a software startup in 6 months whose valuation will be worth more than 8 Crore INR after 6 months. For this, I have taken a loan of 10 Lakh. This time, I am supremely confident, so I am going all in.
Business Idea
I am building a product for small businesses or sole traders who want to generate leads online for their business.
Problem Statement
Small business face problem in generating leads online due to different factors like Limited Budget, lack of Time, Skill Gap etc.
Goals
- Create A Minimum Viable Product
- Start creating a brand on marketing channels
- Find Early Adopters for your business
- Find Angel Investor for Seed Round
- Launch Your First Product To Market
- Get Your First 1K Customers
Roadmap
Month 1: MVP Research, Validation and Product Definition
- Research on MVP Idea
- Validating Idea
- Repeat 1st and 2nd Until You find your MVP Idea
- Begin Developing the MVP
Month 2: MVP Development
- Hire Developers
- Setup Infra and Finish MVP
Month 3: Funding, Promoting, MVP Testing and MVP Iteration
- Start Looking For Investors
- Start Looking For Early Adopters
- Start Promoting Your Product on Marketing Channels
- Start Iterating your MVP until you get some users who love your Product.
Month 4: MVP Iteration and Converting Into First Product
- Improve The MVP Until It becomes your Product
- Maintain Your Marketing Channels
- Start Ads on Marketing Channels To Get More Users
- Look For Angel Investor For Seed Funding
Month 5, 6: Be patient and work hard; if I am lucky, I can achieve my goals as expected if not story continues.
Now enough planning for today, Let’s start searching for MVP ideas.