Key success factors for growing start-ups

1. Key success factors for growing start-ups www.vikasha.com

2. A 14-year-old boy dreamed of buying The New York Jets and has never looked back since then. Today, Gary Vaynerchuk sits atop a $60M business empire but his journey, although provided a kickstart, was not easy. Putting his wits and knowledge to great use, he’s given out some great uncensored advice to business owners and has adopted some key success factors to grow his own business as well.  Let’s move forward and look at some pointers that could help your business grow.  “Even if your ambitions are huge, start slow, start small, build gradually, build smart.”  ― Gary Vaynerchuk, 

3. Clear and concrete goals  Armies don’t defeat with just manpower- they have a clear set goal and a plan of action to achieve it. Here, your workforce is your army working relentlessly towards a clear and identified goal.  Even before your processes start, make sure there is an end goal for everything- a long term goal and a short term goal. A long term goal makes sure you’re not deviating from the course and short term goals motivate you to keep working towards your success.  For a start-up, having weekly goals or task goals within the initial stages makes it easier to comprehend, figure out, and attain said goals. 1

4. 2.     Creating THE Team • “Skills are cheap, passion is priceless.”- Gary Vaynerchuk, • Perfectly summed up by Gary- we feel the same way.  • Find like-minded people who are as excited and thrilled to be working towards your goals as you are.  • Your employees need to work towards common goals and know the meanings of those goals to you, to them and the startup- because your startup is an entity on its own now.  • Find untapped resources, turn to more experienced business owners and your employees for advice, find diversified talents to solve business problems. 

5. Having the correct mindset • Rome was not built in a day and neither was a steam engine or wi-fi or your bedside lamp even. Failures do not mean you should give up, but extended periods of no return on investment and recurring losses might mean you have to switch up how you play your game.  • The thing is, operating a startup is tough and it only gets tougher until things start to look good. You will face problems, but you have a highly competent core team ready to put their brains into solving them, and really, humans are the biggest asset.  • Be optimistic, but realistic too. • The key is to not give in to the temptation of just giving up and becoming a sanyasi in the Himalayas.  • 4. Innovate and improve  • In our fast-paced world, nothing stays still- it is dynamic and keeps on evolving.  • So do you.  • Now, this is probably one of the most important points here because innovation IS key. Key to growth, key to business, key to financial returns, and the key to knowledge. 

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