I learned this by gathering data from reports and found out the following:
- CEO's that have CEO friends are more likely to succeed with their Start Up.
- Start ups that pivot up to two times maximum are more likely to succeed
- CEO's that have not been influenced by traditional ways are more likely to think of disruptive ideas that lead to bright products and services
- A great team will help in the success of the Start up
- Failing to expand at the correct time will result in the failure of the start up
- Ability to differentiate oneself from the other companies.
- Attending seminars and exposing oneself to trends abroad increases innovation to the start up
- Listening to customer's feedback is of utmost importance and leads to the overall success of the product and service.
- Being able to address customer complaints leads to the overall Brand Reputation
- Targeting the right clients gives better market reach.
Somehow there are other variables that we can look into and be tested through statistical tests such as the Debt Equity of Owners, how many months it took for them to expand (through number of customers or number of orders or number of registered accounts) the Online World is very different from the Traditional Business Setting and somehow changes from time to time through what we do everyday.
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