Nine out of Ten Startups Fail: Here’s the Success Mantra behind Successful Startups

“The secret of getting ahead is getting started”

Unfortunately, ninety percent of startups will fail – This is a hard and bleak truth. Cold statistics like these are not planned to disappoint young or aspiring entrepreneurs but to motivate them to work smartly.

Apart from perseverance a successful startup maintains high standards and concentrates on other issues. Before going further let’s see the features of startups that succeeded.

Makes the Product that Market Requires

According to the Fortune, the leading business news and strategy company, the reason behind most startup failures is that they make a product that has no demand in the market. As per the survey, 42% of the failed startups lack a market demand for their products.

“User experience is everything. It always has been, but it’s undervalued and underinvested in. If you don’t know user-centered design, study it. Hire people who know it. Obsess over it. Live and breathe it. Get your whole company on board.”  –Evan Williams, Co-Founder, Twitter

The Startup Progress Quickly

Progress and fast progress is what entrepreneurs and investors want. Quick growth in a business is a symptom of success in the market.

Progress triggers more progress, which eventually leads to even more progress. A successful startup will not satisfy with the marginal single-digit growth rates rather craves for more. The startup firmly believes that the growth which doesn’t happen after a certain amount of time, then the growth will not happen. A company that is not growing is shrinking.

The Startup knows how to get back

Each startup is supported by a group of individuals. The more adaptable that group, the better shot they have of succeeding.

“Flexibility” is regularly seen in a constrained sense, that of having in excess of one aptitude or ability. Adaptability in the startup condition includes significantly more than somebody’s range of abilities. It includes mentality. Startup groups must have the capacity to change items, acclimate to various pay designs, adopt up another advertising strategy, move enterprises, rebrand the business, or even tear down a business and start from the very beginning once more.

It’s tied in with recouping from blows. Groups that can recoup together, additionally have the exceptional characteristic of amicably cooperating through extreme occasions.

Success Mantra

“It’s not that we need new ideas, but we need to stop having old ideas”.

To make your startup lasts for longer, you need to do something that 90% of failed businesses haven’t.

If we dig deep, one will find a common feature in most of the successful companies, which is nothing but the usage of powerful VoIP solution for business communication.

Some of the advantages of using a VoIP solution for business are as follows:

  • VoIP is savvy and adaptable as it makes utilization of a demonstrated innovation which is sparing, along these lines empowering the business house to set aside extra cash.
  • As far as foundation, there is no prerequisite to purchase and put in new structure as the VoIP uses the current one which is now set up for the web. It can likewise be interfaced with Public Switched Telephone Network. Through VoIP, an agent can make calls to another PC, another cell phone, a normal telephone or another VoIP telephone.
  • VoIP is exceptionally prominent and a great part of the fame is a result of its lower cost when contrasted with a typical phone charge. Likewise, it has a wide client base and is generally utilized in business
  • Being a robust technology, a VoIP is a must for your global workforce since, in this era of digital connectivity, an opened communication could easily lead to higher profits.

If you’re looking for a VoIP solution for your business then choose XenVoice as it offers world-class voice and text messaging services within multiple channels such as Browser, Slack, and Skype at a low-cost.

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