5 Building Blocks For
thousands of aspiring
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.
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
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
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