In the United States alone, nearly half a million startups are born every year. Some get off the ground, but fewer figure out how to stay afloat. While the barrier to entry is a lot lower than it was pre-internet, the competition is exponentially greater, making it that much harder to succeed. A good idea isn’t good enough to guarantee prosperity.
As someone who’s been through the process of building and selling four startups, as well as currently running another thriving startup, I believe every startup needs to take three key steps to maximize chances for success. They are what I’ve always done before I start any new venture. They are my proverbial parachute, empowering me to chase greatness while minimizing the chance of falling flat on my face. Read the three key steps to getting your startup off the ground.