Home Notifications Newsletters Next Share

These are the best kept secrets for success of startupshttps://www.businessinsider.in/warroom/these-are-the-best-kept-secrets-for-success-of-startups/slidelist/56377057.cms2017-01-06T19:04:08+05:30

These are the best kept secrets for success of startups

Advertisement

Jan 6, 2017, 19:04 IST

1. Don’t re-invent the wheel:

1. Don’t re-invent the wheel: — Don’t put your hands in something which is already been done to the dust. Don’t solve a problem which is almost solved from all angles. Venture in something new and disruptive.

Advertisement

2. Team building:

2. Team building: — Build a team which has the same vision as yours. Everyone should have a deep understanding about the product/service and the company strategy.

Advertisement

3. Fundraising:

3. Fundraising: — Every entrepreneur wants to raise funds as early as possible. But, don’t focus on this alone and invest more time in adding value to your product and your customers. The funding will follow.

4. Find a mentor and listen to him/her:

4. Find a mentor and listen to him/her: — You have to find guidance in your life. Books can solve this purpose but having a mentor who has been there and done that is also important. Be with people who have made huge strides in their businesses, despite falling down. They are your real teachers.

Advertisement

5. Website:

5. Website: — Every start-up wants a super flashy website (even if they’re not a web company) and so they invest tens or hundreds of hours into making the “perfect” website (which they typically don’t have the in house skills to make). The end result is that they have a mediocre website and wasted tens/hundreds of hours instead of doing customer development. Time and money would have been better spent on a $50 WordPress theme

Next Story 20 top quotes from Google CEO Sundar Pichai inter...

Advertisement

View All Latest

Advertisement

Copyright © 2024. Times Internet Limited. All rights reserved.For reprint rights. Times Syndication Service.