5 Building Blocks For A Successful Startup

1. 5 Building Blocks For Startup Success

2. Each entrepreneurs enter different industries, going into the world of what we call ‘Startup.’ From Angel List to Craigslist, every single place is stuffed with new business ideas that are always in the queue. year, hundreds and thousands of aspiring But not all succeed or even manage to survive long. According to research, of all the startups that started back in 2014, 44% could not see the light of 2018, and only 56% entered the fifth year. Now considering that the count is not of hundreds or thousands but millions, even a one percent failure shakes down the figures. And for you as a startup enthusiast, the 56% would not matter, if you were in the least side. Right? Compounding all that we said above, it’s essential to be a bit cautious prior to diving in the sea. Meaning that has a thoughtful run through at the different aspects of startup be sure that you are on the right path and have plan B ready in case the former doom to failure. Without wasting much time, let’s not head straight forward to the building blocks of a startup

3. Building Blocks to Aid Perpetual Growth of Startups Have Your Homework Done This is exactly what I meant in the introduction part above. Considering that working on a startup was not the last night dream, you definitely would have had plenty of ideas penned down. And with each passing day, you would have those ideas cross your mind. Right? Do you have any idea that nearly 42% of startups fail due to the absence of a significant market? Another 23% because of the incompetent team and around 29% because of the absence of monetary resources. Yes, a survey confirms this. Given the above, it is imperative that you do extensive research on your startup idea and before implementing, have everything, resources, both human and monetary in hand. You need to have things in the right place to catalyze your startup growth and likewise, success. Meet Mr. Derek Castle! Mr. Castle has an excellent entrepreneurial mind, and he has tried his hands in two different startups. But every time his business would go public, stakes would fail to meet expectations, and the overall worth would dramatically fall. Though Mr. Castle has seen more of failures, yet he was my going to stop.

4. Once again he was on the radar up and tight. And this time before vesting in, he came to us for guidance. We went through his ideas and trust me; they are highly monetizing. And the same goes for the above two ideas; he had and implemented. What went wrong was his approach. Lack of data and resources bolstered to failure. But this time, we took the initiative to do the homework for him and align things as needed. Wondering how we did it? How about getting in touch to understand in-detail. Click here to get the whole insight of this blog. Technosip has successfully empowered startups and empower them to achieve new heights of success. We firmly believe in a collaborative approach to groom your entrepreneur spirit throughout the startup journey and beyond to increase your business model and improve your monetization Mode. We have proven expertise and know- how to be a part of your success story. Start your free 7-days startup app Start your free 7-days startup app development trial development trial