{"id":552,"date":"2021-05-04T05:41:41","date_gmt":"2021-05-04T05:41:41","guid":{"rendered":"https:\/\/www.sagaratechnology.com\/blog\/?p=552"},"modified":"2023-03-27T05:58:53","modified_gmt":"2023-03-27T05:58:53","slug":"tips-for-setting-up-a-startup-from-the-korean-drama-startup","status":"publish","type":"post","link":"https:\/\/sagaratechnology.com\/blog\/tips-for-setting-up-a-startup-from-the-korean-drama-startup\/","title":{"rendered":"Tips for Setting Up a Startup from The Korean Drama &#8220;Startup&#8221;"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1200\" height=\"628\" src=\"https:\/\/sagaratechnology.com\/blog\/wp-content\/uploads\/2023\/03\/image-21.png\" alt=\"\" class=\"wp-image-3862\"\/><\/figure>\n\n\n\n<p>From the Korean Drama\u00a0Startup\u00a0story,\u00a0there are a\u00a0number of business tips in building a\u00a0startup technology.\u00a0Anything?\u00a0\u00a0<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e2addf560b1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e2addf560b1\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/sagaratechnology.com\/blog\/tips-for-setting-up-a-startup-from-the-korean-drama-startup\/#Prepare_a_Business_Model\" >Prepare a Business Model<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/sagaratechnology.com\/blog\/tips-for-setting-up-a-startup-from-the-korean-drama-startup\/#Choose_a_Competent_CEO\" >Choose a Competent CEO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/sagaratechnology.com\/blog\/tips-for-setting-up-a-startup-from-the-korean-drama-startup\/#Enter_the_Competition\" >Enter the Competition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/sagaratechnology.com\/blog\/tips-for-setting-up-a-startup-from-the-korean-drama-startup\/#Join_the_Incubator_Accelerator_Program\" >Join the Incubator \/ Accelerator Program<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/sagaratechnology.com\/blog\/tips-for-setting-up-a-startup-from-the-korean-drama-startup\/#Compile_the_List_of_Shareholders_Wisely\" >Compile the List of Shareholders Wisely<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/sagaratechnology.com\/blog\/tips-for-setting-up-a-startup-from-the-korean-drama-startup\/#Study_the_Investment_Contract_Well\" >Study the Investment Contract Well<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/sagaratechnology.com\/blog\/tips-for-setting-up-a-startup-from-the-korean-drama-startup\/#Continue_to_Research_and_Innovate\" >Continue to Research and Innovate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/sagaratechnology.com\/blog\/tips-for-setting-up-a-startup-from-the-korean-drama-startup\/#If_the_product_is_mature_take_part_in_the_tender\" >If the product is mature, take part in the&nbsp;tender&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/sagaratechnology.com\/blog\/tips-for-setting-up-a-startup-from-the-korean-drama-startup\/#Scale_Up\" >Scale Up<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Prepare_a_Business_Model\"><\/span><strong>Prepare a Business Model<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>No matter how sophisticated&nbsp;your&nbsp;startup&nbsp;technology-based service&nbsp;is, if you don&#8217;t have a business model, it will be difficult to attract investors.&nbsp;Especially if you really start from scratch and have no relationship.&nbsp;Not only that, the business model must have a clear source of income.&nbsp;<a href=\"https:\/\/translate.google.com\/translate?hl=id&amp;prev=_t&amp;sl=id&amp;tl=en&amp;u=https:\/\/www.wartaekonomi.co.id\/tag5243\/startup\"><\/a><em>&nbsp;<\/em><\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Choose_a_Competent_CEO\"><\/span><strong>Choose a Competent CEO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The CEO plays an important role in&nbsp;startup&nbsp;development&nbsp;, especially when it comes to attracting investment &#8211; that&#8217;s the lesson in the&nbsp;Startup&nbsp;drama&nbsp;<em>.&nbsp;<\/em>Because the CEO is the one who will explore the investment agreement with the potential investors.&nbsp;&nbsp;<em><\/em><\/p>\n\n\n\n<p>It doesn&#8217;t have to come from the&nbsp;technology or service&nbsp;fields&nbsp;that&nbsp;your&nbsp;startup&nbsp;is making.&nbsp;The important thing is that he has qualified abilities, such as being able to see business opportunities, being adaptive, persuasive, and being able to make decisions by considering all risks.&nbsp;<a href=\"https:\/\/translate.google.com\/translate?hl=id&amp;prev=_t&amp;sl=id&amp;tl=en&amp;u=https:\/\/www.wartaekonomi.co.id\/tag26714\/perusahaan-teknologi\"><\/a>&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Enter_the_Competition\"><\/span><strong>Enter the Competition<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In addition to preparing a business model,&nbsp;early stage&nbsp;startups&nbsp;should&nbsp;participate in various competitions.&nbsp;Not only to get prizes, but also to expand relationships as well as find potential investors.&nbsp;<em>&nbsp;<\/em><\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Join_the_Incubator_Accelerator_Program\"><\/span><strong>Join the Incubator \/ Accelerator Program<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Joining an incubator or accelerator program can also help you build a&nbsp;startup&nbsp;.&nbsp;In the program, you will acquire various business knowledge, create service prototypes, and have the opportunity to&nbsp;meet potential investors,&nbsp;while receiving assistance from mentors.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Compile_the_List_of_Shareholders_Wisely\"><\/span><strong>Compile the List of Shareholders Wisely<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the Korean drama&nbsp;Startup&nbsp;, the character Han Jipyeong, who works as an investor, suggests that the&nbsp;Samsan Tech&nbsp;startup&nbsp;should&nbsp;not share the company&#8217;s shares equally.&nbsp;In the early stages, it&#8217;s good that the percentage for CEOs is greater than for the rest.&nbsp;Because, in the future, if there are new investors, the company will&nbsp;have to sell a number of shares&nbsp;according to the agreement.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Study_the_Investment_Contract_Well\"><\/span><strong>Study the Investment Contract Well<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When investors interested in investing in&nbsp;your&nbsp;startup&nbsp;get to the negotiation stage, you need to study the contract carefully before agreeing to it.&nbsp;If there are things that you think are detrimental to the company or team, then discuss them in negotiations with potential investors;&nbsp;so that both parties benefit&nbsp;.&nbsp;&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Continue_to_Research_and_Innovate\"><\/span><strong>Continue to Research and Innovate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Innovation can differentiate your product from competitors.&nbsp;In fact, you can even give birth to new products from research-based innovation.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"If_the_product_is_mature_take_part_in_the_tender\"><\/span><strong>If the product is mature, take part in the&nbsp;<\/strong><strong>tender<\/strong><strong>&nbsp;<\/strong><strong><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When your products and business model are stable and get recognition in the industry, participating in tenders can be one way to develop a&nbsp;startup&nbsp;business&nbsp;.&nbsp;Moreover, if the tender is on a large scale.&nbsp;However, don&#8217;t forget to also consider&nbsp;your&nbsp;startup&nbsp;capabilities&nbsp;, huh.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Scale_Up\"><\/span><strong>Scale Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you think your&nbsp;startup&nbsp;is ready to scale the business, open funding round to attract new investors.&nbsp;Don&#8217;t forget to set a nominal target for&nbsp;your&nbsp;startup&nbsp;funding round.<\/p>\n\n\n\n<div class=\"is-horizontal is-content-justification-center is-layout-flex wp-container-1 wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"http:\/\/sagaratechnology.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Consult Now with Sagara!<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From the Korean Drama\u00a0Startup\u00a0story,\u00a0there are a\u00a0number of business tips in building a\u00a0startup technology.\u00a0Anything?\u00a0\u00a0 Prepare a Business Model No matter how sophisticated&nbsp;your&nbsp;startup&nbsp;technology-based service&nbsp;is, if you don&#8217;t have a business model, it will be difficult to attract investors.&nbsp;Especially if you really start from scratch and have no relationship.&nbsp;Not only that, the business model must have a clear&#8230;<\/p>\n","protected":false},"author":14,"featured_media":553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[123,128,124],"tags":[112,127,45,97],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tips for Setting Up a Startup from The Korean Drama &quot;Startup&quot; -<\/title>\n<meta name=\"description\" content=\"From the Korean Drama\u00a0Startup\u00a0story,\u00a0there are a\u00a0number of business tips in building a\u00a0startup technology.\u00a0Anything?\u00a0\u00a0Check this article!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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