Charactaristics of a Successful Startup

What possitive attributes do successful startups share? Here is a short rundown of some of my observations of what characteristics these startups have in common.

Create a market

Successful startups create new markets, exploit existing markets and adapt what other, more established businesses are doing in their current business space.

Are interesting to Business Angels & VCs

Successful startups are often appealing to investors because of their growth potential and unique take on existing problems.

Is innovative and pushes the boundaries

Successful startups push the boundries of the norm, they make people take a step back and think “why didn’t I think of that?” and “I’ve never seen anything like that before”

Are flexible and nimble

Successful startups can adapt to market changes much faster than their larger more established competition. They also react to customer feedback and grow their systems and business processes before they have become too large to be as agile.

Has a grand vision and plan

Successful startups have a clear vision of where they want to be and how to get there. They plan out a serious of milestone achievements which culminate in the execution of their grand master plan.

Their idea is not easily replicated

Successful startups ideas are hard to replicate this appeals to investors who are looking for good Intellectual Property protection. The combination of clear vision and strategies to achieve the goals leads to the market traction that investors love.