Comments on: Top 10 Must Have For a Start-up Success

By: Sheila B

Sheila B — Mon, 16 Mar 2009 16:54:14 +0000

I can see how #6 Having a supportive family and #10 Choosing a great partner can make it alot easier and faster to succeed.

Essential or a must have???

It would be interesed to see what others have replaced it with

Maybe a good replacement for those of us that don’t have #6 or #10 when we start–creating an intuitive and empowered team.

By: smallbizbee

smallbizbee — Wed, 11 Mar 2009 17:28:13 +0000

@nick
Such a good point to do small experiments with your target market. See what sticks and what doesn’t before you commit the big $$$.

Matt

By: nick

nick — Wed, 11 Mar 2009 05:06:17 +0000

Another good point is to move fast and be dynamic.
We’re trying to figure out what works and what doesn’t, and we don’t have much time and money to spare. Try small experiments with your target market. It’s okay to make mistakes, just don’t repeat them.
The faster you learn and NOT move into the wrong direction (since the entrepreneur doesn’t know the RIGHT direction yet ); the more likely your company will succeed.

By: smallbizbee

smallbizbee — Tue, 10 Mar 2009 23:43:02 +0000

@Martin Lindeskog
I’m a big proponent of WOMM. You’re right it can take time to spread, but it’s nearly free and usually only takes doing the right things right…which any good business will be doing anyway. Happy customer’s begat happy customers and in the long run that will beat out mass marketing any day.

By: Martin Lindeskog

Martin Lindeskog — Tue, 10 Mar 2009 18:47:23 +0000

It could be hard to spend enough money on mass marketing. I think the word of mouth is better in the long run, but the problem is that it takes time to spread the good word.

By: bizsugar.com

bizsugar.com — Tue, 10 Mar 2009 18:38:47 +0000

Top 10 Must Haves For Start-up Success…

What are the ten things start-ups need to be successful? According to Frank Levinson, it’s the following. Frank may know a thing or two about start-ups, considering he founded Finisar in 1988 with $60,000 and 12 years later hit the Forbes 400 list of…

By: smallbizbee

smallbizbee — Mon, 09 Mar 2009 21:46:02 +0000

@Dieta
True, but smaller niche markets won’t scale for growth. I guess it’s finding a happy medium between large mass market (lots of comp) and small niche market (low comp) where you can dominate your niche yet still grow to a reasonable size.

Matt

By: Dieta

Dieta — Mon, 09 Mar 2009 09:55:20 +0000

I don’t know about #7. I mean I’m no expert but it seems like the kind of “obvious myth”. You’d think that targeting mass market would be better but there’s a lot more completition whereas in the niche market small companies are often welcome and can make a lot more money.