Once you get the idea of launching a start-up, you have to think the keys to the success of the organization. Here I’ve compiled the essential criteria that should be considered before or during the early days of your startup.
1. Identify Customers
Initially, you need to pinpoint the potential customer who will represent a market that matches your demands and propensity.
2. Design the desired product
The artifacts which you are creating should directly answer the abortive needs or desires of your clients.
3. Balance your competitors
To stable the excess competition, you have to develop the efficient business plans and strategies.
4. Select suitable funding
You cannot set the ball rolling without money. Your business goal is to make maximum profit with the least possible risks and costs.
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Mistake kills startups
Bad Location
Copied Idea
Wrong-headedness
Hiring Bad Employees
Slowness in Launching
Poor Investor Management
Single founder startups
There are so many important factors matter for startup