The startup process involves several key steps to transform an idea into a viable business. Initially, entrepreneurs conduct market research to identify potential customers and assess competition. This is followed by developing a business plan, which outlines the vision, goals, and strategies for the startup. Once the plan is in place, entrepreneurs often seek funding through various sources, such as investors, venture capital, or crowdfunding. After securing financial support, they can begin building their product or service, followed by marketing efforts to attract customers and establish a brand presence in the market.