Startups in the world are growing like a whirlwind. These startups work like a trojan to get global recognition and success. But despite this heightened success, a lot of startups struggle to come up and stumble down with the failed attempts.
According to our teachers, failure is the expected consequence of the high-risk shot, but we believe that a major impact of it can be avoided by imparting the right support system and acquaintances to the startup founders.
In fact, some of the brainiest startup teams with the most workable and sustainable ideas have been knocked off from the startup’s ecosystem because of few avoidable reasons which include the inability to define the ideal goal, improper funding, wrong investors, failure to make an intelligent team, imprecise and disproportionate investment of time.
Now the question that arises is what is the solution to all the above-mentioned challenges that a startup might face. And the answer simply lies in the word “Startup Studios”.
In this blog, we will brief you on what a startup studio is, how they can nurture your business, and how to find the most suitable startup studio for your business.
What Is A Startup Studio?
To start with, a startup studio is the accelerating gear of the bicycle that eliminates the tiresome pedaling of the founders who are riding the bicycle for the first time.
In layman language, a startup studio is simply the structure that aims at building and nurturing a startup. Referred to as a startup factory, it focuses on the initial development stage to help the businesses build and reach their goals.
It provides the human resources to help your business grow with your own idea. From seeding to growing, the startup studios help you catalyze your business to turn your plan into reality.
Types Of Startup Studio Models
There are 3 major forms of startup studio models
1. Builder Studios
As the name suggests, builder studios focus on the development of the business from the early stages until it can stand on its own. Basically, it manages everything at the internal end of the business.
2. Investor Studios
These studios are majorly focused on funding. This startup model is approached by entrepreneurs who have fresh ideas and are learning to start their new venture. It provides them with the funds along with the resources to work and take their startup to a peak of success.
3. Incubator Studios
Also known as accelerators, these startup studio models focus on stepping up the startup idea from scratch to final production. They provide their own expertise and funding to the startups so that entrepreneurs can leverage these resources to nurture the ideas.
How Startup Studios Can Help Your Idea Grow
Startup studios have a futuristic and iterative approach to plan, launch, manage, and grow your business. Listed below are some of the benefits of collaborating with a startup studio.
1. Pool of resources
Startup studios are comprised of people who have already succeeded in their business. They have a team of designers, developers, administrative experts, and marketers to help the startups associated with them. Their tools, ideas, funding, and human capital all act as a resource for the startup they are working with.
2. Faster growth
Due to the lack of experienced people in the rising startups, they mess up the jobs of hiring, making teams, designing processes, etc. The startup studio act as the accelerator for such startups to cope up with the busy work that comes across their growth.
3. Act as the co-founder of the company
Startup studios help the entrepreneurs innovatively launch their ideas and that too within less time. They help the startups to conceptualize their product, build it, launch it, and grow their business in the desired market. They even provide funds to these startups. Overall they help the startup to grow from scratch and hence called the co-founder of these startups.
4. Trusted processes
As we know, despite putting a lot of hard work into a startup idea, some startups end up with a mark of failure. In fact, starting a business comes with the concept of trial and error, but one of the major benefits of collaborating with a startup studio is that your startup is in a safe and secure hand. Startup studios have worked for many successful companies and the chances that it might work for you are too high.
5. Provides backend support
Startup studios provide the strong backend support that these startups need for growth. Starting from designing, human resources, development to legal support, the studio does all the operational activities for the companies.
6. Risk-free decisions
A startup studio provides new-age entrepreneurs the opportunity to work on various ideas in different ways. Running a single startup simply means hanging all your investment on a single thread. But by associating with a startup studio, one can be sure that all the steps taken are tested and the idea is in safe hands.
How To Plump On The Right Startup Studio?
Picking up the right startup studio is very crucial for your startup to grow. It is because a studio is something you will be hooking up with to step up the ladder of success.
Here are some of the points to consider while picking up the most suited startup studio for your idea.
- Investigate the previous projects of the startup studio before collaborating with it.
- Initiate a conversation with the studio team to gain knowledge about their working culture and expertise.
- Be acquainted with the resources that the studio is comprised of such as tools, human capital, money, etc.
Sky21 – The Startup Studio You Can Trust
Sky21 is a progressive startup studio that can add value to your idea and give it the shape of success.
The team of Sky21 helps the entrepreneurs with their resources and skills and encourages their ideas to foster growth. This startup studio nurtures your startup at the idea stage and provides funds for it.
The studio has a network of business analysts, product managers, engineers, marketers, and angel investors, to help you revolutionize your startup idea. With the aim to deliver convenient services and solutions Sky21 sparks new ideas, validates them, and provides all the equipment and designs.