What Matters The Most In A Startup?

Getting started with a new business is not an easy task,it takes lot of hard work and planning.If we search about the important factors which influence the growth of a startup,we will find many like Having right team,Sufficient cash flow or having a breakthrough idea and so on . Definitely these factors are important but there is something that can change the entire fate of a startup,that is 'Time'.

Time is the most important factor which influence a start-up because even the best start-up started at the wrong time can turn into a disaster.Take the example of MySpace , a online community similar to Facebook.The company was having a good business model and all sorts of planning but the world was not ready for their product. We can see many other examples like YouTube and Netflix,they were not first of their kind, there had been similar video sharing platforms but they failed to grab the market because of bad timing.

Successful entrepreneurs always invest their timewith a long term goal rather than focusing on making a huge profit with in few years of running, because ultimately a business is said to be successful ifit can stay in market for 15 to 20 years and for this purpose,choosing the right time is important.

To determine if it's the right time ,you can ask some questions yourselves
1)Is my business going to have a high value even after 10 to 15 years?
2) Is my business started at end of its trending time?
You can go forward with your business idea if the answer to the first question is yes and to the second ,the answer is No. Trending time is very important for a business, a television channel or news paper may not be the best business to start today because people are moving into online blogs and video streaming platforms and in the coming years the television broadcast will completely stop because people are allowed to watch their favorite program at their own time and pace with out any advertisements through these video streaming apps and websites.

keeping a note on these things can be beneficial in starting a successful startup.