why most startups screw up!
TRANSCRIPT
IF THE BIGGEST TECHNOLOGYCOMPANIES CAN FAIL
THEN HOW WE CAN PREVENTTHIS?
It's not necessary to have a brilliant and
remarkable idea.
I D E AT H E IT'S ONLY THE BEGINING
MUSTBUT
VALUE MONEY
it is a to add value.
And will bring you
.
.
In reality you need to focus onexecution and to stay adaptive.
Tip 1: Most entrepreneurs think that themain key to success is the idea.
AND THEY ARE WRONGAND THEY ARE WRONG
{ }8 out of 10 new businesses
fail within the first three
years.
Being professional is only small piece onthe way to success.Team members should
T E A MT H E A MAJOR REASON WHY COMPANIES FAIL
COMPLEMENT to build a strong
common expertise.
EACH OTHER
Tip 2: 80% of your success is to ATTRACTand RETAIN the right people.
DON'T MAKE
EXCEPTIONS!
DON'T MAKE
EXCEPTIONS!
A great person attracts
great people and knows
how to hold them
together.
JOHANN WOLFGANG VON GOETHE
Before you start your business don'tforget to conduct a
You won't risk money for product thatnobody needs, right? So don't just guess -make sure there's a market for it.
M A R K E TT H E UNDERSTAND YOUR MARKET
MARKET RESEARCH
Tip 3: Define a marketing strategy andmerge it with your intuition.
AND DO IT QUICKLYAND DO IT QUICKLY
In the past three years, the top
sectors for startup companies
have been Internet, Healthcare,
and Mobile/Telecom
FORBES
It doesn't matter if you will rely onaccelerator, investment platform or ownfunds. You need to
C A P I T A LT H E FIND MONEY! YOU WILL NEED THEM.
FOCUS ONLY ON THEPROJECT EXECUTION during thefirst months.
If you are looking for investor considerthat they are expecting growth of 150 -
300 % in 18 months.
W O O O W !W O O O W !
B U T
B U T
Tip 4: Focus on building sustainablecompany and avoid fatal risks.
Remember this is your idea, yourrules!
that can be crucial.
Choose youraccelerator or
investor carrefully.There are enough
funds for goodideas.
A failure is not always a
mistake, it may simply be the
best one can do under the
circumstances. The real mistake
is to stop trying.
B. F. SKINNER
@CompositySoft
THANK YOU
www.composity.com