Starting a business is hard. There are many reasons why small businesses fail, even if they have a great product or service and plenty of funding. According to a study by ShikharGhosh, a senior lecturer at Harvard Business School, as many as 95% of startup companies never see their projected returns on investment. So, what are the keys to startup success and how can you know if a startup is likely to succeed?
View from the Trenches: What Went Wrong with Our Lean Startup Program?Lean Startup Co.
Ken Durand, Ericsson, @atlideafactory
With all of the success of Lean in the startup community, this should be pretty easy to implement in the Corporate environment, right? After launching with very little to show in the way of success, the team in Ericsson’s Atlanta Idea Factory had to take a step back and evaluate what changes were necessary to implement Enterprise Lean Startup with success. One key principle had to be learned… People are an organization’s greatest asset, AND its greatest barrier to success.
View from the Trenches: What Went Wrong with Our Lean Startup Program?Lean Startup Co.
Ken Durand, Ericsson, @atlideafactory
With all of the success of Lean in the startup community, this should be pretty easy to implement in the Corporate environment, right? After launching with very little to show in the way of success, the team in Ericsson’s Atlanta Idea Factory had to take a step back and evaluate what changes were necessary to implement Enterprise Lean Startup with success. One key principle had to be learned… People are an organization’s greatest asset, AND its greatest barrier to success.
Just One Account, How Lean Startup Principles Have Driven an Enterprise Marke...Lean Startup Co.
Dun & Bradstreet, a nearly 175-year-old company with offices around the world, might not seem like a startup in the traditional sense. But as the company has implemented an aggressive growth strategy, its marketing organization has embraced Lean Startup methodologies to focus its efforts on only the most valuable customer relationships. Dun & Bradstreet CMO Rishi Dave shares the company’s experience and what organizations large and small can learn from the successes they’ve had in thinking Lean to drive pipeline and revenue.
View from the Trenches: Lessons Learned in the Enterprise, Ken Durand, Atlant...Lean Startup Co.
Ken Durand, Head of Innovation at the Atlanta Ideas Factory (Ericsson) talks about hitting the ground running with a Lean Startup program only to find that the results were (shall we say) mediocre. In this honest talk, he’ll discuss what it took to get the necessary (continued) support, why it was imperative for the team to do an honest self-assessment of what was going right, and more importantly, what was going wrong. He’ll lead a participatory discussion with the audience on how to hire and lead for innovation.
Part of the MaRS Entrepreneurship 101 series
http://www.marsdd.com/ent101
This presentation is also available as an audio presentation here: http://blog.marsdd.com/2007/02/14/entrepreneurship-101-wikis-and-their-role-in-communicating-your-business-idea/
There are four essential written documents that a high tech start-up needs to have as communication tools:
* the pitch deck
* the executive summary
* the business plan
* the technical white paper
This lecture will discuss what goes into each of these documents and how each should be structured.
20 slides to outline the new Entrepreneurship programme delivered on behalf of the GMIT Innovation in Business Centres (IiBC) in Galway and Castelebar by Donncha Hughes.
Venture on demand: step up your start-up gameXylos
Intrapreneurship and entrepreneurship increasingly go well together. Corporations learn how to act lean and increase their speed of execution. Start-ups on the other hand get access to important corporate resources in terms of market knowledge, data and cash. In this breakfast session, Nicolas Cap told us more about how the start-up-as-a-service model works.
Being your own boss can be one of the most rewarding endeavours—and also the most risky.
This Each One Grow One presentation is designed to help you:
Learn about the business landscape in B.C.
Review what influences lasting success
Discover if you're ready to weather the risks to reap the potential rewards
Here is George Deeb's presentation to the 2014 class of entrepreneurs at Founder Institute in Chicago. Lots of good information herein on how to drive revenues and attract investors with your traction. George is the Managing Partner at Red Rocket Ventures (www.RedRocketVC.com), a Chicago-based startup consulting, shared executive and fund raising firm. You can follow George on Twitter at http://twitter.com/georgedeeb.
When it comes to growing a startup, there is only one proven, repeatable method and that is getting deliberate!
This slide deck introduces the Deliberate Growth Framework for startups and includes Customer Success, Desired Outcome, FOMO, Ideal Customers.
A practical guide and template to create a winning corporate venture pitch.
What is it for?
When you need to ask corporate leadership to back your venture and you want to convince them with a compelling story rooted in data.
Available in an editable PPT and Keynote template on our website. https://www.bundl.com/reports/the-proven-pitch-deck-template
Benefits:
Unlock the funding and resources you need to move your venture forward.
Gain the support of internal stakeholders, your board of directors and/or corporate leadership.
Get real-world examples of successful corporate venture pitches.
Lead more about Red Rocket Ventures, its services (startup/digital consulting, shared executives, fund raising, technology development and digital marketing), its clients, its team (George Deeb and Jay Stocki), its investment in the FireStarter Fund and its new alliance with Ensemble, an all-star powered "digital services suites" at 20-40% savings.
Fin tech opportunities revolutionizing SMEseTailing India
Loan Frame was launched in mid-2016 with the objective of redefining the experience of borrowing by SMEs in India. The Company is India’s first lending marketplace fully dedicated to SMEs. Loan Frame caters to the varied loan requirements of SMEs up to Rs. 50 crores.
Deepening of flaws in startup india’s lawseTailing India
Around this time last year, the NarendraModi government launched the Startup India, Stand Up India campaign. Twelve months down the line, however, there has been very little forward movement. Only a handful of start-ups have bought into the plan, while the government is still struggling to get the nuts and bolts in place.
Just One Account, How Lean Startup Principles Have Driven an Enterprise Marke...Lean Startup Co.
Dun & Bradstreet, a nearly 175-year-old company with offices around the world, might not seem like a startup in the traditional sense. But as the company has implemented an aggressive growth strategy, its marketing organization has embraced Lean Startup methodologies to focus its efforts on only the most valuable customer relationships. Dun & Bradstreet CMO Rishi Dave shares the company’s experience and what organizations large and small can learn from the successes they’ve had in thinking Lean to drive pipeline and revenue.
View from the Trenches: Lessons Learned in the Enterprise, Ken Durand, Atlant...Lean Startup Co.
Ken Durand, Head of Innovation at the Atlanta Ideas Factory (Ericsson) talks about hitting the ground running with a Lean Startup program only to find that the results were (shall we say) mediocre. In this honest talk, he’ll discuss what it took to get the necessary (continued) support, why it was imperative for the team to do an honest self-assessment of what was going right, and more importantly, what was going wrong. He’ll lead a participatory discussion with the audience on how to hire and lead for innovation.
Part of the MaRS Entrepreneurship 101 series
http://www.marsdd.com/ent101
This presentation is also available as an audio presentation here: http://blog.marsdd.com/2007/02/14/entrepreneurship-101-wikis-and-their-role-in-communicating-your-business-idea/
There are four essential written documents that a high tech start-up needs to have as communication tools:
* the pitch deck
* the executive summary
* the business plan
* the technical white paper
This lecture will discuss what goes into each of these documents and how each should be structured.
20 slides to outline the new Entrepreneurship programme delivered on behalf of the GMIT Innovation in Business Centres (IiBC) in Galway and Castelebar by Donncha Hughes.
Venture on demand: step up your start-up gameXylos
Intrapreneurship and entrepreneurship increasingly go well together. Corporations learn how to act lean and increase their speed of execution. Start-ups on the other hand get access to important corporate resources in terms of market knowledge, data and cash. In this breakfast session, Nicolas Cap told us more about how the start-up-as-a-service model works.
Being your own boss can be one of the most rewarding endeavours—and also the most risky.
This Each One Grow One presentation is designed to help you:
Learn about the business landscape in B.C.
Review what influences lasting success
Discover if you're ready to weather the risks to reap the potential rewards
Here is George Deeb's presentation to the 2014 class of entrepreneurs at Founder Institute in Chicago. Lots of good information herein on how to drive revenues and attract investors with your traction. George is the Managing Partner at Red Rocket Ventures (www.RedRocketVC.com), a Chicago-based startup consulting, shared executive and fund raising firm. You can follow George on Twitter at http://twitter.com/georgedeeb.
When it comes to growing a startup, there is only one proven, repeatable method and that is getting deliberate!
This slide deck introduces the Deliberate Growth Framework for startups and includes Customer Success, Desired Outcome, FOMO, Ideal Customers.
A practical guide and template to create a winning corporate venture pitch.
What is it for?
When you need to ask corporate leadership to back your venture and you want to convince them with a compelling story rooted in data.
Available in an editable PPT and Keynote template on our website. https://www.bundl.com/reports/the-proven-pitch-deck-template
Benefits:
Unlock the funding and resources you need to move your venture forward.
Gain the support of internal stakeholders, your board of directors and/or corporate leadership.
Get real-world examples of successful corporate venture pitches.
Lead more about Red Rocket Ventures, its services (startup/digital consulting, shared executives, fund raising, technology development and digital marketing), its clients, its team (George Deeb and Jay Stocki), its investment in the FireStarter Fund and its new alliance with Ensemble, an all-star powered "digital services suites" at 20-40% savings.
Fin tech opportunities revolutionizing SMEseTailing India
Loan Frame was launched in mid-2016 with the objective of redefining the experience of borrowing by SMEs in India. The Company is India’s first lending marketplace fully dedicated to SMEs. Loan Frame caters to the varied loan requirements of SMEs up to Rs. 50 crores.
Deepening of flaws in startup india’s lawseTailing India
Around this time last year, the NarendraModi government launched the Startup India, Stand Up India campaign. Twelve months down the line, however, there has been very little forward movement. Only a handful of start-ups have bought into the plan, while the government is still struggling to get the nuts and bolts in place.
The next wave of SMEs breathe digitalizationeTailing India
Digitally empowered SMEs are able to increase revenue, lower risks, decrease cost and diversify consumer segments over a short period of time as compared to offline businesses. Technological solutions such as Data Analytics, cloud-based platforms and ERP systems will shape a company’s strategy and growth enabling it to extract more insightful information for informed decision making.
Learn it in a easy way the reasons why startups faileTailing India
According to the Ministry of Micro, Small and Medium Enterprises, SMEs contribute around 9 per cent to India’s GDP; accounting for as much as 30 per cent of India’s total exports and 45 per cent of the country’s manufacturing output. The SME sector employs over 100 million people who are engaged in activities across industries.
Unfortunately, SMEs still lag from becoming true global contributors and a major reason behind it is lack of adequate finance. Besides, lack of infrastructure, increased costs, reduced profitability, elongated working capital cycles, unavailability of skilled talent and bureaucratic hurdles plague them.
Govt. revamps the roll-out of its rs 10,000 crore startup fundeTailing India
In a bid to assist innovative start-ups through their journey to becoming full-fledged business entities, the Department of Industrial Policy and Promotion is set to overhaul its Rs 10,000 crore start-up funding scheme by allowing venture capital funds to invest half of the corpus in start-ups and the rest of it in firms at a more mature stage to reduce capital risk.
Need for speed- SMEs credit access from bankseTailing India
According to the Ministry of Micro, Small and Medium Enterprises, SMEs contribute around 9 per cent to India’s GDP; accounting for as much as 30 per cent of India’s total exports and 45 per cent of the country’s manufacturing output. The SME sector employs over 100 million people who are engaged in activities across industries.
Unfortunately, SMEs still lag from becoming true global contributors and a major reason behind it is lack of adequate finance. Besides, lack of infrastructure, increased costs, reduced profitability, elongated working capital cycles, unavailability of skilled talent and bureaucratic hurdles plague them
The Purchasing Managers' Index (PMI) is an indicator of the economic health of the manufacturing sector. The PMI is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
Expectations from India’s manufacturing sector are high. These include, among other objectives, job creation, exports and a force that will drive future economic growth. The report of the Sixth Economic Census (6th EC) that came out in March sheds light on some of the key trends in the sector; trends which raise more questions than answers.
Startup bodies seek exemption in tax policieseTailing India
Prominent startup industry bodies including Indian Angel Network, NASSCOM, Indian Venture Capital Association, TiE and Mumbai Angels have jointly appealed to the government to review taxation policies that adversely impact the startup ecosystem.
You have to start with knowing how much you need. It’s not a random number, and it’s not how much you like. You look for the startup sweet spot, as set by the business plan.
Check out what’s in-store for startups in 2017eTailing India
2016 saw founders and investors took time to grasp the gravity of the rapidly changing funding environment. Two significant reasons for slowdown in funding were:
• Investors were not able to exit from their previous investments. Only when they get a gainful return from these investments will they pour money elsewhere.
• The not up to the mark valuations expected by investors plus non performance of milestones and profitability challenges by the startups is another reason for the crunch in funding.
A short description of the mechanism of CT and VT valves, as well as the best way to control them using via a BMS (Bulding Management System) of BEMS (Building Energy Management System).
Fin 571 genius perfect education fin571genius.comstudent123455
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. 2. A stakeholder is any person or entity: 3.Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? threat of a proxy fight pay raises based on length of service implementation of a stock option plan 4.Financial managers primarily create firm value by: maximizing current sales. investing in assets that generate cash in excess of their cost. 5.
What makes a new business venture successful? This paper outlines the key questions every entrepreneur should ask and have answers for before they launch a new venture.
Buyers can now discover nearly everything about companies, products and
services from websites and other Web sources, including what customers are
saying on social media.
Through Emergence Capital Partners' work in funding some of the most successful companies in the world, including Yammer, Box, Salesforce.com and SuccessFactors, ECP has gained a unique perspective on what works—and what doesn’t—in creating a successful business development program to grow a company. Based on this experience and the in-depth knowledge of our team of experts, this paper tackles some of the most frequently asked questions in the business development arena aimed at providing insights for SaaS startups in the B2B space.
An Insider’s Guide to Acquisitions for the Mid-sized Company - Part 3 of 9Brad D. Cherniak
Part 3 of our series on acquisitions for the mid-sized private technology or tech-enabled service company:
'Finding a partner when the playing field is tilted' - Next to good luck or kismet, process discipline is key to effectively finding your business's soul mate.
. . .
Thinking of making an acquisition as a mid-sized private technology or tech-enabled service company?
- A 9-part series from Sapient Capital Partners.
Original article from the Flevy business blog can be found here:
http://flevy.com/blog/deconstruct-and-innovate-your-business-model/
The business model is at the core of any company’s corporate strategy. It defines how the company creates, delivers, and captures value.
Most tech startups fail because they lack a viable business model. Even for enterprises with established business models, they often need to revisit and innovate on their business models.
To understand the essence of a successful business model, first, let’s look at its 4 core components:
• Customer Value Proposition,
• Profit Formula,
• Key Resources, and
• Key Processes.
Customer Value Proposition
A successful company helps its customers get a “job” done. Doing the “job”—this is the “value” the business is delivering for its customer. For instance, Google helps customers with the job of finding information online. McDonalds helps customers with the job of feeding a greasy appetite quickly and cheaply. Flevy helps customers with the job of finding business documents they need for work.
High customer value proposition is correlated with
• Importance of the job to the customer;
• Low customer satisfaction with alternative options in the market; and
• Higher quality (or lower price) of your product relative to alternative options.
Profit Formula
It’s great to offer customers great value, but, as a business, the economics still need to work in your favor. We need to make money! This is the profit formula.
The profit formula is the blueprint that defines how the company creates value for itself, while providing value for the customer. The profit formula consists of numerous economic components, including:
• Revenue model
• Cost structure
• Margin model
• Asset turnover and velocity
Small Business Survival Guide: 28 tips to unlock you own success story [eBook]Line//Shape//Space
For all the advice you need to make your small business survive and thrive check out this small business tips ebook, bought to you by Line Shape Space.
Check out: http://lineshapespace.com/
Start Right -Finish Well Product Launch Processjerianasmith
A successful launch requires several elements coming together all at once.Forward Vision has developed a tried-and-true set of best practices to launch a product. Our aim is to provide the companies we work with the tools and a process that give them a competitive edge.
This project gives a fair idea of starting a venture which is particularly applicable in India due to its various tax and legal laws. But still it gives the essentials of starting a venture anywhere in the world
Things for intrapreneurs to keep ideas aliveeTailing India
Developing successful corporate entrepreneurship initiatives is particularly important because it offers organizations a strategy for profitable growth and serves as an attractive alternative to old, acquisition-led, inorganic growth strategies. But the challenges of achieving this can be daunting, especially for those in the entrepreneurial team itself. For example, it's one thing to recognize the importance of getting people to work for your cause; it’s a different story to execute your plan when you don’t have any positional authority or financial resources behind you.
A few definitions that everyone who wants to build a startup should know before they change their idea into a product. Basics for every stage of building and growing your business.
Seven Ways Traditional Companies Can Succeed with Disruptive InnovationCognizant
Established companies often struggle to develop and launch break-out ideas. Here are the essential capabilities for participating in the next billion-dollar growth market, including the potential of establishing a separate innovation track.
7 ways to get more value from your precious customer insightMartin Wright
How often have you seen expensive research gathering dust; wasted and ignore? Insights capable of helping a company become fitter, more popular and richer crowded out by today’s urgent demands?
In this multi-channel, fast moving and competitive world understanding customers better has never been more important.
Here are seven things we do that help companies fully exploit the value locked in this rich resource. Some are simple, others require effort; all provide great value for money.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Instructions for Submissions thorugh G- Classroom.pptx
Learn the key things a successful startup needs
1. wwww.digitalerra.com
Learn The Key Things A successful
Startup Needs
Today, in our 3rd
part of the “Startup Week Series”, we focus
on the Fundamental needs of a Startup. The article will be
extremely helpful for all those looking to start their own Startups
/ business, Entrepreneurs and people from relative field of
interests.
Starting a business is hard. There are many reasons why small
businesses fail, even if they have a great product or service and
plenty of funding. According to a study by Shikhar Ghosh, a
senior lecturer at Harvard Business School, as many as 95% of
startup companies never see their projected returns on
investment. So, what are the keys to startup success and how
can you know if a startup is likely to succeed?
2. wwww.digitalerra.com
There are some things that entrepreneurs can do to help boost
the likelihood of success and here they are!
1. Product
Your product must cater to the unmet needs of your customers.
Stay laser-focused on solving that problem and don't confuse the
solution with a lot of additional features or messaging that
confuse or dilute the value of what you're providing. Sometimes
that simplification comes in the form of fewer manufacturing
steps in order to make producing a product easier and more cost
effective. The costs (monetary, learning curve, disruption) all
need to be low enough that there is still a net value to taking up
your solution, compared to the nearest alternative (value =
benefit-cost).
2. Customers
Fundamentally you need to start by identifying a prospective
customer and an unmet need or desire that the market has not
sufficiently addressed. You need to find your customer-base and
ideally your choice of customer will represent a market that
matches your own needs and ability. Think both in terms of
satisfying a need and whether this is the right market for you to
address.
3. Willingness to Adapt
Successful startups are flexible. They can sense the trade winds
of the marketplace and learn to adapt along with them. They
need to watch and learn from customers, competitors, and even
developments in other industries to find better ways to deliver
valuable products and services.
3. wwww.digitalerra.com
Sometimes adaptation means more than simply improving an
existing product and service. It might mean expanding product
offerings or exploring new areas. It might even mean throwing
out the original plan and coming up with something new
altogether. Ultimately, knowing when and how to change focus in
these ways is crucial for flourishing as a startup company.
4. Your business on Cloud
Here we are talking specifically about cloud computing.
Obviously, technology is a big need (and cost) for startups, but
these days, cloud services are particularly necessary for a
number of reasons.
Startups need to think about how best to protect their digital
business assets, like using a hosted private cloud for document
storage, offsite backups, and other on-demand applications.
Cloud services are customizable to meet a startup’s specific
business needs, and they are scalable to allow for seamless
growth when expansion is necessary. In the highly interconnected
world of today, cloud services can provide much of the
technological heavy lifting startups require.
5. Funding for the Future
Making your entire processes run requires money. Whether it’s in
the form of loans and credit lines or dedicated backers like a
venture capital firm, startups need access to some form of capital
to build a foundation for their business, especially before they
start making any sales or charging any fees.
There are far too many variations and options on how to get
funding to cover them all. In general, successful startups need to
4. wwww.digitalerra.com
make hard and honest calculations to ensure they don’t
overextend themselves. Balancing the need for funding with an
appropriate estimation of how much a product might be expected
to earn is perhaps one of hardest but best thing to know for a
startup.
6. Attracting the Right People
Finding the right flock of people to help create and operate a
startup is critical to ultimate success. Success means growth all
around, with new positions being created as individual tasks
become too big for a startup’s founder(s) to complete on their
own. Finding competent, knowledgeable people who have the
enthusiasm to offer new insights and improve the business model
is absolutely essential to success.
7. Timing
Every market has a lifecycle, and every opportunity thus has a
limited window of time before it expires. In the beginning of a
new innovation, markets are easy to enter, and a technical
solution is the primary challenge. Anyone who can solve the
problem can find opportunity. Conversely, there is also a risk in
being too early to a market, since chasing unproven markets can
lead to dead ends, or worse, a viable opportunity that will not
bear fruit for years to come. The typical startup is best served
with a "fast follower" strategy, where you identify a new interest
by a set of customers that is already occurring.
Conclusion
Every startup that wants to establish itself as a respected brand
will need to focus on all of these factors at a bare minimum.