Launching a startup means being ready to undertake risks! However, if you find the right mentor, you might avoid some common failures of beginning entrepreneurs. Harry Beckwith has successfully launched 27 startups. What is the secret behind each prosperous company?
Besides all the numbers and calculations, a successful company means a passionate leader. It is not always about the rentability and liquidity ratio; it's about customers! Put yourself in the shoes of your customer, analyze the pains of your niche! Your company's vision has to fulfill the needs of your community. Only the entrepreneur that feels the market can succeed in this battle.
Harry believes that the success of an idea arises around storytelling. It is very important to formulate your thoughts in a certain way that will make the right people resonate with your mission. This will help you attract stake and shareholders.
Another important driving force that will lead your business to the red line of success is human capital. Put some effort and make sure to have only the right people around you. Your employees have to share your goals, develop innovative ideas, and grow with your company. Until you reach the point of customer loyalty, make your employees the advocates of your brand!
Finally, never stop learning! Reserve some time for your personal development. Harry advises beginners to stay away from the operational coma and invest some time learning. Learning today means being a step ahead of your competitors. While they drown in the world of operational duties, you will be aware of the latest trends and instruments to take your business to a new level.
Are you ready to become a successful startupper?
