Oleksiy Nesterenko - Business Success for Startups
While the number of new business startups in the U.S. is difficult to pin down (it has been estimated an average of 600,000 annually), it is safe to say that the country's economic crisis situation has led to a surge in entrepreneurship. Statistics show: 50% of businesses fail within their first 3 years and only 5% see their 10th Anniversary. What are the definite clues that a startup business will succeed?
1. Startups who have internalized this and have proven clients. They not only know who their market / client are and what products as well as services their customer wants but they have a proven method or system in place to ensure satisfaction at every interaction. Truly remarkable (worth remarking about) services is absolutely essential to a long term success and will make it a stellar stand out in their industry.
2. Startups who plan deliberately. Oleksiy Nesterenko believes that a successful startup has a solid 1-5 year plan with benchmarks in place to meet serious target points and objectives. With set goals and checkpoints for accountability, a startup can prepare for and repair any weak points that might have otherwise put at risk their daily operations.
3. Startups who are fiscally cautious. While this is a great time for Startup opportunities, it has never been a more challenging time to obtain startup credit or funding. Trim management of operations is crucial for a new business. Oleksiy Nesterenko: Money management - the ability to stretch funds and store resources early business credit and funding is an important sign that points towards a Startups success.
4. Startups who retain an effective Marketing Firm. While many new businesses initially are willing to spend a large part of their budget on marketing (i.e. pamphlets, flyers, business cards, door hangers etc.)…it is often a complete waste of money if the marketing has an ineffective outcome. Hiring a proven and cutting edge Marketing Firm gives Startups a marketing roadmap to make each marketing product or campaign a decisive direction to build their business upon.
5. Startups who have a successful business mentor and/or successful business model to pattern themselves after. While Startups may have many innovative ideas to create a successful business -a wise Startup knows that to learn from the mistakes and successes of another company may save them from making severe and detrimental mistakes of their own.
6. Startups who run their business with direct openness. The easiest way for a business to avoid bad publicity is to act and function each day as if someone were watching--- The real character of a business is no different than that of ourselves and is a direct reflection of the Startup.
From fledgling startups to well-established ventures, companies today need to be ready to pivot as unpredictable markets could demand a shift in a business model. At times, it can seem difficult (even impossible) to weather these extraneous forces - especially as a new venture.
About Oleksiy Nesterenko and his Startup Finance
Oleksiy Nesterenko has been helping busiesses to articulate their unique value proposition to the masses through a variety of means therefore helping ensure long term market penetration and success. For more information about the content of this article please visit funding a startup anytime.
Having a great product is not enough for a startup to succeed. Well-developed financial acumen, solid business strategy, and high operational efficiency are critical factors that set star performers from the rest of the pack.
OLEKSIY NESTERENKO STARTUP FINANCE aid entrepreneurs in converting their concept ideas into viable and prosperous businesses that challenge status quo, redefine consumer experiences, and revolutionize archaic systems.
OLEKSIY NESTERENKO. STARTUP FINANCE provides the needed financial and strategic insight that enables businesses to thrive.
