You may have a great idea for a startup, but don't quit your
job, at least not yet. There are entrepreneurs launching startups every day,
and some achieve impressive goals. However, the idea itself is only the
beginning of a long road full of obstacles. In this article, Jeremy Abelson,
the Founder and Portfolio Manager of Irving Investors will explain the key
steps to launch a more successful startup.
The journey to startup stardom is fraught with challenges,
one after another. For most founders, money is a big problem, because obviously
you will need capital to develop your product, do market tests, hire people and
many other things. In addition, you will have to learn to manage your time
well, and if you are successful, you will have to know how to manage your
employees' time as well. Growing your business will not be easy, and keeping up
with what your competition is doing will make you lose several nights of sleep.
These obstacles are not there to discourage you from
achieving your goals, but to recognize the difficulties you will encounter
along the way and realize that you need to have a clear strategy to overcome
them. Take these clues offered by Jeremy Abelson to give your startup a better
chance of succeeding.
