I believe that startups need more than skills and money create a successful company. As startups expand and grow, leaders need to consider how to retain paying customers and hire smart people. Challenges of starting and growing a company have always been a setback for most entrepreneurs. These are equally important for a startup to survive in rough times.
- You really need to get a good team around you as fast as you can.
- The ability to keep going when all seems lost. In other words, if you’re not dead, you can keep it alive.
- Enthusiasm and talent can carry you for a short time, but professionalism is what keeps clients coming back and recommending colleagues.
- The ability to keep going when all seems lost. In other words, if you are still alive, you can keep it running and make it work.
- Its very easy to distract yourself from your goal, be smart and stay on task!
- Speed to market is crucial to your success. The market changes so quickly and you need to adjust to stay in the competition.
- Make sure your product is highly differentiated and solves the customer,market need or pain.
- Make sure you are always establishing relationships even if they seem unrelated and unprofitable. You will benefit from them going forward.
- Flexibility of the management team is essential because no business plan survives the first contact with the market.
- The most important thing is an absolute unwavering belief that your business will succeed. Everything else is secondary
