What Makes 1 in 10 Startups Succeed

1. What Makes 1 in 10 Startups Succeed? By Avaiil https://avaiil.com/

2. 1)Vision is Most Important in Startups  David Karp- CEO and founder of Tumblr rightly said-  “Entrepreneur is someone who has a vision for something and a want to create.” Vision is the ultimate goal of the company. Vision provides a sense of direction to any business. It helps in setting up long-term and short-term goals.  Being Positive, Ambitious, and Specific about your vision is the key to success. Most importantly having a vision on a long-term basis helps in developing strategies for short-term goals.  2)Ability to Adapt To Changes One of the most famous quotes by Charles Darwin –   “It is not the strongest of the species that survives, nor the most intelligent. It is the one that is most adaptable to change.” It’s not just about species but every startup as well needs to have the ability to adapt and evolve. In the initial years of any startup, it will have to change the product in many ways in order to survive and grow. In order to adapt a company must understand and analyze the business environment thoroughly.

3. 3) Idea “Every problem is a gift—without problems, we would not grow.” – Anthony Robbins A startup is basically implementing an idea which either solves a problem or that idea has the potential to be business. An out-of-the-box idea that solves problems in a way that no one has come up with can really make a startup stand out.  A great idea is the one that has the ability to fill a void in the market. 4) Business Model The more you drive positive change, the more enhanced your business model.  –  Anand Mahindra Having some sort of business model when a startup is established is very important. Even though with time the business model will change as the product changes, having a model that will help generate revenue is very important.  A strong Business Model is necessary to make the business scalable and reach greater heights. 5) Timing Believe it or not! 42% of the success of startups is due to good timing. – Bill Gross Timing is the most important thing that makes a startup succeed. Many startups that have some amazing business models and ideas have failed just because their timing was not good. By good timing I mean either there was a market for it or people were ready to accept their products and adapt themselves.

4. 6)Execution and Teamwork Strategy is a commodity, execution is an art. – Peter Drucker An idea is just an idea until it’s executed! We all have great ideas but its execution is what makes it different. There is no set guide to execution, it’s all a matter of trial and error until it succeeds. Execution backed by a strong and trustworthy team will surely lead to success. Every startup needs a team that grows together and works effectively. The founders have to motivate them, give them a reason to work every single day. It is not easy but if done well then any startup can reach heights. To Know more https://avaiil.com/what-makes-1-in-10-startups-succeed/ THANK YOU