• About Us
  • Privacy Policy
  • Advertise with us
  • Disclaimer
  • Support Us
  • Career
  • Login
The Aligarian
No Result
View All Result
  • AMU Updates
  • AMUSU
  • Campus Connect
  • Featured
  • Literature
  • News
  • Reality Check
  • Student’s Corner
  • AMU Updates
  • AMUSU
  • Campus Connect
  • Featured
  • Literature
  • News
  • Reality Check
  • Student’s Corner
No Result
View All Result
The Aligarian
No Result
View All Result
Home Mentor Monkey

The Most Important Reason Why Startups Succeed — Mentor Monkey

The Aligarian Desk by The Aligarian Desk
27 July 2021
in Mentor Monkey
Reading Time: 5 mins read
0
The Most Important Reason Why Startups Succeed
Share on FacebookShare on Twitter
Advertisements


Startups have held the intrigue of countless aspirants, fresh from with their college degree and hoping to emulate innumerable others before them in rising to prominence with a single world-beating idea. Their intention is precise, but their path is paved with uncertainty as there is no true tip to succeed in an industry that only rewards persistence. The single biggest reason a Startup succeeds is something that has eluded every major aspirant hoping to one day start their own Facebook or get the attention of a giant and sell their very own WhatsApp.

Let’s dive into this great TED Talk.

Let’s have a look at a speech made by a modern pioneer in the Startup industry, the distinguished Bill Gross. He made this speech at an event hosted by TED where he shared the information and the knowledge he compiled through years of market research. He looked into what makes the successful companies tick while evaluating the reasons for the downfall of others, information which he has compounded with his years of experience in the field to devise a tried and tested stratagem that exemplifies simplicity while providing much-needed insight into the workings of a successful corporation.

The findings he has shared as a product of his comprehensive analysis of these top companies show us a pattern clearly emerging among the elite organizations of the world. He shares the secrets of the success of these companies and has made these “secrets” accessible to any aspirant hoping to make it big in the industry. He believed that Startups were one of the greatest forms to make changes in the world.

Getting together the right group of people, giving them the right equity and resources, could in fact change the world according to Bill Gross. He concentrated on how Startups, possessing all this ability still failed on some levels. His findings resonate with the dominant ideology in successful businesses and we can look at the primary reason he provided for the success of Startups.

Advertisements

Startup ideas are not the only factors.

Although ideas are at the center of a Startup and are what drives it forward, it is not something that the success or failure of a Startup hinges on. But in lieu of the experience on the field, we can see even foolproof ideas cannot be executed without a proficient background team to back them up. So we have established that proper management and execution matters more than an idea.

So what is important?  What drives a Startup to success?

So what is important?  What drives a Startup to success?

One can look at the incredible amounts of funding some companies receive. But even funding or a proficient team may just be on the periphery compared to what is truly important in the success of a Startup.

Of all the examples we have looked at, a certain quality and attribute have shone through among the biggest and best Startups and their route to success. This quality is timing. Timing is the one singular element that is responsible for the success or failure of your Startup. There are countless examples in this sector that show how vital timing is in the industry, completely changing the complexion of a business from a failure to success or vice-versa.

Bill Gross could make this conclusion based on carefully compiled data from companies at both ends of the spectrum, I.e. the massive successes and one which sunk without a trace. In a staggering revelation, stats clearly showed an incredible 42 percent difference between the success and failure of a company owing to just timing. This significantly trumps team skill, execution, or funding, which although important in the growth of a business, is not the difference between success and failure.

Let us take a case study that illustrates this fact.

Airbnb was a company that fell into the category of a wild card, and many top investors were hesitant to fund an unproven business model. Airbnb’s staggering growth has since proved them very wrong and one of the reasons for its success, including a shrewd business model and great execution is the timing of its launch. It came out during the recession, where money from any means was welcome and people were open to the idea of opening their homes up to paying customers. Thus with Airbnb, we have an efficient convergence of form, function, and timing.

Advertisements



Source link

Previous Post

11 Great Movies And Series Every Design Enthusiast Should Watch — Mentor Monkey

Next Post

People Can And Must Criticize Their Government So That The Nation May Prosper – The Second Angle

The Aligarian Desk

The Aligarian Desk

Connecting People Who Care…With Causes That Matter!

Related Posts

salary of a pilot
Mentor Monkey

Do Aviators Make a Lot of Money in India? – Beyond Grades – Online Mentors India

by The Aligarian Desk
7 October 2022
Soft Skills
Mentor Monkey

Soft Skills Employers Seek in 2022 – Beyond Grades – Online Mentors India

by The Aligarian Desk
6 October 2022
Communicate Nonverbally in Job Interview
Mentor Monkey

Your Guide to Communicate Nonlinguistically in the Job Interview – Beyond Grades – Online Mentors India

by The Aligarian Desk
3 October 2022
Business Networking
Mentor Monkey

Introduction to Business Networking & Top Networking Advantages – Beyond Grades – Online Mentors India

by The Aligarian Desk
3 October 2022
write formal letter leave request
Mentor Monkey

How to Draft a Formal Absence-of-Leave Letter? – Beyond Grades – Online Mentors India

by The Aligarian Desk
12 September 2022
Next Post
People Can And Must Criticize Their Government So That The Nation May Prosper – The Second Angle

People Can And Must Criticize Their Government So That The Nation May Prosper – The Second Angle

Leave a Reply Cancel reply

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

Aligarh News

Prof. Syed Javaid Zaidi become the first AMU alumni to occupy the position of UNESCO Chair in Water Desalination Technology established in Qatar

Prof. Syed Javaid Zaidi become the first AMU alumni to occupy the position of UNESCO Chair in Water Desalination Technology established in Qatar

5 March 2022
Time Capsule buried in AMU

Time Capsule buried in AMU

27 January 2021
AMU

AMU’s Reaction On The Property Tax Dues : Varsity’s Account Seized

5 January 2021
AMU Hijab Controversy: My Comments Being Used To Defame The University, Says Accused Student

AMU ranked fourth best Indian University

29 December 2020
RSS man praises doctors at AMU for saving his life

JNMCH: Ad-hoc RDA President, Treasurer appointed

1 December 2020
Over 40% Applicants Absent At The AMU Entrance Exam; COVID-19 Continues To Hamper The Education Sector

Over 40% Applicants Absent At The AMU Entrance Exam; COVID-19 Continues To Hamper The Education Sector

27 November 2020
Smart City establishments now advancing further in Aligarh ; E-Challan from December for jumping traffic lights.

Smart City establishments now advancing further in Aligarh ; E-Challan from December for jumping traffic lights.

26 November 2020
AMU ranks third best university in India

AMU ranks third best university in India

3 August 2020

© 2022. The Aligarian. Powered by SquareBase

No Result
View All Result
  • AMU Updates
  • AMUSU
  • Campus Connect
  • Featured
  • Literature
  • News
  • Reality Check
  • Student’s Corner

© 2022. The Aligarian. Powered by SquareBase

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In