Tuesday, March 27, 2012

Ten Founder Success Factors - And a Few Surprises



Marty Zwilling.





Ten success factors of the company's founder - and a few surprises.




  1. We can all imagine what it takes to lead your startup to success. According to a recent survey, rasprostanennye legends about the success stories are wrong. The average entrepreneur is not abandoned a promising career to having written his idea on a napkin to get millions from investors and make their own millions.


  2. I have carefully examined the recent more realistic report from Kauffman Foundation for Entrepreneurship, entitled ... They surveyed 549 founders of successful companies from different industries and have put together their views on the factors of success or failure. Many of them are expected, all - quite interesting, and some even surprised me:.


  3. Engage in business that you are familiar with. Everyone seems to us that well, where we do not, but 96% of those surveyed said business was your previous experience as an important or very important factor for success.


  4. It's all about the training, rather than success or failure. Successful businessmen are trying again and again. 88% pripisavyyut credit for his success the previous success, 78 % - the previous lesions.


  5. The management team is critical. Looking back on his success, 82% of business grateful for them because of their management team (not the idea, business plan or financial resources). This is not surprising.


  6. A little luck never hurts. It is interesting that as many as 73 % said good luck an important factor in its success. 22% even mentioned it as a very important factor. You can, of course, make allowance for their modesty, but there's nothing better than being in the right place at the right time.


  7. Do not underestimate the importance of network dating. Professional dating an important factor in 73% of respondents named. 62% of them are called important personal contacts.


  8. Leave school is not recommended. 95% of respondents have a bachelor's degree at least, and 47 % - higher. 70% named their university studies major, and only a few people missed it. To be born an entrepreneur today is not enough.


  9. Beginners usually finance themselves. Venture capital funds and private / angel investment plays a minor role in business start-ups start. 70% said they were forced to use their own savings, as the main source of financing your own business first.


  10. Tips from the investors are not particularly useful. Of all the entrepreneurs who had received advice from its investors, only 36 % said these tips helpful, 38% - not at all useful. Surprisingly, even for businesses funded by venture capital funds, only 32 % of investors are little tips helpful. It seems that employers are going to make their own mistakes.


  11. Willingness to take a big risk. When asked about what might prevent others start their own business, 98 % said lack of willingness or ability to take risks. The founders of the company clearly considered risky business.


  12. More time and effort. In addition to the preceding paragraph, 93 % said a major obstacle for potential employers significant time and effort ( without the possibility of part-time work from home, get rich quick ).



Hopefully, an understanding of what people think entrepreneurs and what they believe, will help to stimulate the emergence of more success stories, and will be the best guide for those of you who have not yet made ​​a serious step. For those already in business, will be useful to take into account the advice of experienced people. I would like to have more positive surprises.








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