Five things you need  to create a Highly Successful Startup

In their series “5 Things You Need To Create a Highly Successful Startup”, Authority Magazine approached me to answer some questions. It was a very interesting interview.

You got a great idea, now what?

You’re thinking about starting a new business, a startup. You have found the solution to a problem or a frustration. And you’re ready to share it with the world. and you also want it to be successful. Yet that isn’t that easy. Not all startups make it through the first years. According to the U.S. Bureau of Labor Statistics , approximately 20% of new businesses fail during the first two years of being open and 45% during the first five years. That’s almost every 1 out of 2! so which one would you like to be? I guess your ambition is to turn your startup into a successful company that still exists 5 years from now, right? I believe that the five tips I shared in the interview will definitely make a positive impact in your business. 

Here are my 5 things you need to create a highly successful startup

Below is the summary of the 5 tips I shared: 

1. Sell your product before you start to build it.

2. Define your niche.

3. Realize you are in the problem-solving business.

4. Understand the basics of all parts of your business.

5. Know your core values. 

In the interview I will explain each point, and give some other tips. Go ahead and click on the picture for the full interview:

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