You remove your corporate suit and 9-5 boots. You want to lead a path of entrepreneurship.
You invest hours of sleepless nights in coming up with a bunch of great ideas. You build a blueprint; connect with business strategies just to see your business module “FAIL.”
You start thinking that entrepreneurship may not just be right for you. Everything looks a dead end. Don’t worry; you aren’t alone in this scary world. You are among the 90% startup owners who fail.
So what about the 10% who succeed?
These 9 traits will tell you what you need to do for creating a successful start-up company.
- Always be hungry
- Focus on your mission
- Driven by self-motivation
- Not afraid to take risks
- Be persistent
- Performance measurement and calculation
Similarly, you should also set stair-steps to meet milestones at every stage of your start-up journey. Consider selling 1000 units at the end of first two weeks. Always make calculations based on your goals. Overall, you should build a habit of leading a company on the basis of evidence and data.
- Take failure as a learning formula
- Know how to adapt
Even with thorough plans and strategy, you can’t tell if the challenges will be met efficiently. This is why you need to be highly adaptable to respond to the situations immediately. Being adaptable makes you competent and less likely to get affected by cultural changes. You need to make tough decisions when the company demands it. You have to be able to blend with circumstances to thrive in any environment.
What are the traits you think can lead to successful start-ups? Let us know your favourites in the comments section.
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- 9 Traits that you must have to build a successful start-up - April 11, 2017