is a tough time for start-up companies. The economy seems to recover, but investors are still reluctant to put money into new business, especially in the field of science and technology. In fact, the best advice for entrepreneurs is to wait until the economy warms up.
"if you can wait, just wait.". It’s not a good time now." Analysts say so. New Technologies Inc are not so easy to obtain venture capital, and competition is still cruel, in addition, customers are rarely interested in new network products and needs.
for those who ignore the warning, there is still hope for success. "There are many hurdles to overcome, but not impossible to succeed." Analysts say, "if you’re going to start a company, it’s hard to get investment, but some companies can still do it."."
, for startups, the role of profits has changed dramatically. In 1990s, money was second for start-up companies, but in the current economic climate, money was listed first. "Make your business model profitable at some point.". This seems obvious, but it seems less obvious two years ago."
in order to succeed, startups must be focused. "There are always small spaces on the market.". Discover them, identify specific products and spaces, and then follow closely. Don’t try to make all the products for everyone."
now that a good idea is not enough, a startup must also be experienced. No matter what the industry, a management team is important. But at the height of the Internet, this basic element has been ignored. Now, after a lot of famous Internet Co on the "flameout", venture capitalists returned to the basic elements. When it comes to management, what they’re looking for is a different business plan than they were looking for three years ago. "It used to be that if you were 25 years old, you would have been brushed off.". Now people are looking for experienced managers rather than visionaries."
‘s powerful management team is more important to startups than it can be. The bedrock of any startup is human, and only people know how to start it. The problem with start-up companies is that you have to know how to start as quickly as possible.
Another key to
‘s success is cost control. The days of expensive lunches, luxury offices, sky high salaries and huge teams are gone. The important thing is to devote yourself to the most cost effective way. Not only is this simply a waste cutting place, startups should also use off the shelf technology, and perhaps even old equipment.
in addition to controlling costs, startups should be sure they focus on some basic issues. For example, an online start-up company should have an easy to access website, reliable execution capabilities, a full line of customer service support systems, and a good marketing strategy