Ask yourselves these questions to check whether your Startup Idea is Viabile

StartUp is a rapidly evolving business that targets to meet a marketplace need by developing or producing an innovative product, process or service. Success of a start up completely lies on so many factors like industry  you are involved, competition and competitors, market study, marketing techniques, sources of funding, mentors , name of your start up and last but not the least the motivation of the founder, motivation to work without incentives. Today’s industry culture aims at acquiring the innovative minds driving start-ups. Before starting your start up validate the viability of your startup idea by asking yourself these questions:

• How passionate are you about your idea? Are you ready to dedicate all your time to it?

• Does your idea sound similar to what you love to do?

• Is your idea innovative and unique?

• What is your advantage/value add offered over the competition?

• Why should I personally use my product?

• Can you convince more than ten people to pay to use your product now?

• What is the intensity of the problem you intend to solve?

• Simplicity of the product. Can the product be explained in one sentence?

• What is your target market? Is it big enough to make revenue out of it?

• How much Fund is required to build your first prototype and product version 1?

• How to make money out of your product and how realistic is your Revenue model?

• What are the recent market trends and how does that make your solution possible?

• Are the promoters  ”clear” about their roles and responsibilities in the startup?

• How soon can you develop your product version one and how fast can you take it to the market?

• How well can you get connected to high profile people who can advise you and help you make it big?

• Your scalability plan, How soon can you execute it?

• Why should an investor invest on your product or you?

• Can you identify the key success factor?

• What are your survival goals and the long term goals to help you grow in next five years?

• Can you get up after multiple fails?

• Are you a good listener?Willing to learn from people around and implement?

• Finally, how is your idea helping in making the world a better place?


If you have more queries on getting your start-up started, kindly visit www.kannurtechnolodge.in or mail us at info@kannurtechnolodge.in

Start your start up at a co working space

Start your start up at a co working space --  Will tell you why?

Coworking gives you flexibility:-

 If you are a student having an urge to develop your startup idea or a freelancer who wants to work in a office ambience or a solopreneur who only wants to use a chair and table from 8 a.m. to 5 p.m. , but there are also start-ups with up to eight workers who have full-time 24/7 access to a “campsite” set up for a group. Coworking space gives you this flexibility.

Construct your own network:-

Coworking spaces gives you immense opportunity to meet several clients and potential investors. Not only that, you can cowork with other start-ups there to bounce off ideas and get help solving problems. And unlike other office spaces, coworking offers events and workshops to encourage relationship building.

In harmony with clients:-

 Meeting with clients in a conference room is infinitely more professional than a coffee shop. Client also has the feeling of doing business with a more professional startups. Can develope a healthy client relationship.

Your chance to be a serial entrepreneur:-

 The frequent interaction and coworking with like minded people can give you the right brain exercise needed for you to startup. You can even get your next startup idea and a cofounder with similar interest from here.

Local community building:-

Tech startup communities are thriving in some areas because of coworking spaces. More community building leads to more entrepreneurship awareness among the crowd.

Right People, Right Attitude:-

 You can find people who are  optimistic about what they’re trying to do. Sometimes you just need to be around other people who want their own business to succeed and that’s kind of contagious.


In brief, Co working spaces gives one a complete freedom to think and work with a community of positive and creative co-workers and  its a great utility working with them.

"Believe in Collabration, Rather than Competition" --Cynthia

Try your chances at a vibrant coworking space near you. Start coworking at  Kannur Technolodge.


www.kannurtechnolodge.in E: info@kannurtechnolodge.in