Start-Up Success – Get, Set, Go

Start-Up Success – Get, Set, Go

So, you have finally decided to take that leap of faith and embark upon your journey of becoming an entrepreneur. It's definitely a very courageous step to take and you must have received a boost by reading various start-up success stories that have managed to make it big. But you might have also heard stories of failures. So, what is it that can catapult you to success?


Is there some secret mantra that you need to be aware of, to get it right? Here are a few aspects that you would have to keep in view, if you want to make a success of your business venture.


Aspects to Consider to Become Successful


#1 Have a solid idea and plan


In many ways, this becomes one of the foundation stones of your business. Before anything else, you would have to start with a viable and solid idea. It's important to abstain from sticking to an idea that seems the most popular or profitable. Choose one that complements your skill-set and very importantly, pick something that you have a genuine interest in and would love doing.


That's the only way to retain your interest in the long term and forge ahead, when times are tough. The other thing to keep in view at all times is that the idea you zero-in on, should be straightforward and simple and it should also be achievable. Once you have this strong foundation in place, you will find it far easier to build your business on that base.


#2 Getting the timing right


No matter which business avenue you venture into, getting the timing right, is all important. Even if you have an excellent product or service, if the market isn't ripe for it yet, it can lead to failure of your venture. This is why it's important for you to carefully and thoroughly research market conditions and understand exactly when you should launch a particular product. The equation here isn't a very complex one; there should be a distinct demand for the product you are planning to sell and there has to be a means for customers to get it.


#3 Executing your plan


After the idea is in place, you have to start focusing on executing it. To do this, you would need a team of skilled and dedicated people. No matter what the scale of your business, having a team with a well-balanced mix of talents and abilities is a must, when you are building a startup.


It's very common for business owners to fall into the trap of trying to handle everything themselves. You may be able to manage it at the outset; however, as your business grows, you will find that you need employees that are specifically dedicated to handling certain tasks.


For example, you would need someone to handle sales and marketing, another person for accounting to tackle all the number-crunching etc. Having a solid team from the start is one of the ways of improving your chances of success.


#4 Chalking out a business plan


This is another vital aspect of building a successful start-up, as it will ease the creases from your path, so to speak. Discuss with your team, and design and a sound business model. Get inputs from your team members and build all the other aspects of your venture around this business plan. The different things you need to focus on are funding, logistics and the time it's going to take you to set everything up.


About the Author

Ben Fewtrell is a sought-after Business Coach, Keynote Speaker and trainer who has featured in Virgin’s Inflight Magazine and Entertainment Portal, SKY Business and “Secrets of Top Business Builders Exposed”. He is also the host of the popular Business Brain Food Podcast where he interviews leading experts on anything and everything business.

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Leave a Reply

Your email address will not be published. Required fields are marked *

business plan template

Get Instant Access to the Business Plan Template that has helped thousands of Business Owners in every sector plan and grow their business.

Learn More
fees and benefits

Our Programs start from as little as $10 a day making it affordable for all business types.

Learn More

Top Rated Articles

The History of Business Coaching

The Inner Series...   In order to understand the history of business coaching, it’s important to go back to t


How your company can adapt to the Digital Revolution

Over the last couple of years, technological innovation has brought about a rapid change in the customer service landsca


7 Biggest Challenges Facing Your Business

It is kind of inevitable that businesses will face challenges at different stages of their growth and development. So, p


Recently Viewed

9 Time Management Tips to Manage your Time Effectively

Remember the old saying.. "If you need something done, ask a busy person to do it!" Why is that?   Well in many c


How Promotional Items Can Enhance your Business Marketing?

Promotional branded items are an important tool in the modern marketing business. They are used mainly as a means of for


Benefit of Increasing Your Prices

I’ve been a business coach for about 12 years, and I’ve coached hundreds of businesses in dozens of industries. No

  • Over the past 6 months the incredible team at MMP have supported us to shift our attitude towards our business & month on month our revenue is increasing to the point we will be able to employ additional staff to support our business goals long into the future. Do not regret our decision one single bit!

    • Emma Reece

  • Working with my coach has enabled me to see the areas where my business is failing. This was pretty confronting to me to be honest. MMP has the tools to improve these areas and the guidance on how to implement them.

    • Sharon Robinson

  • I have been working with Max My Profit for approx 3 years now, and over that time I have learnt a lot of things about not only what it takes to run a business, but I have also learnt things about myself. I don't believe i'd be the person or have the business I have today if it wasn't for Max My Profit and our Business Excelerator. Great team to work with if you want to take your business serious!

    • Ben Choy

  • As a new client for Max My Profit (MMP) it has taken no time at all to realise the benefits of business coaching. Despite many years of senior management experience starting a new business requires best practice systems and processes built on a solid platform of detailed planning. I look forward to the benefits of adopting the formula being shared by MMP.

    • Campbell MacLeod

  • Max My Profit Are truly awesome at what they do. They have helped me over the past 12 months to get off the tools in my business and start working on my business. I am looking forward to 2019 with enthusiasm not concern. Thanks so much.

    • Aaron Kemp

  • If you are committed to Growth the Max My Profit Team has the tools and expertise to excelerate all areas of your life. They Care, They Listen, They Understand You as an Individual first then they focus on Your business. Thank you Max My Profit my rating is a 6/5 - Kindest Regards The Mr Handyfix Team

    • Catherine Kavadas

  • The team at Max My Profit are an absolute pleasure to deal with. I love working with a team who is on top of what they are doing and have a clear view of what they are working on with you and helping ensure you get to the end goal.

    • Lauren Watts

  • I have been working with MaxMyProfit over the years and what they do for SME's in growing their business is fantastic. Also due to there knowledge and their supporting material for companies across the 5 lifestyle stages and assisting them through this process day in day out is extremely comforting as a small business owner and have referred them many businesses over the years.

    • Steve Laingy

  • Working with a business coach from MaxMyProfit has been one of the best things I have done for my business. I had several other coaches before MaxMyProfit but these guys are a step above the others. I have seen a significant increase in sales, now have a business that can run itself and the coaching program has paid for itself many times over.

    • Matthew Kitchin

  • Much more than just business coaches. There is an absolute treasure chest of business knowledge in their members site.

    • Iain Campbell

  • Max My Profit are unique as they really partner with you to develop and implement a plan that will drive success for the business. I was hesitant to proceed as previous business coaches tell you what to do and rely on you to implement.

    • Michael de Haan

  • I attended one of Max My Profits introductory events in Melbourne. Having been an accountant for almost 30 years, I was somewhat sceptical. Boy was I wrong. I not only enjoyed the presentation, but I gleaned so much from just that session.

    • Daniel Odd

  • These guys are an absolute wealth of knowledge for Small Business. The programme and support networks they have set up ensure learn more every day and can take your business from good to great. Thanks so much.

    • John Butler