“Encouraging Innovation through Thought Process & Social Collaboration.” © All WWRR

Wednesday, November 28, 2012

Elements of Startups

Initiative => Drive => 
                      Strategic Marketing => Successful Startups
                                   Author: Virginia Benedict, Market Engineering Strategist

Illustration created using Microsoft Office Visio 2010

 It is essential to have a dynamic and flexible business plan, a mission,and a vision.  This is the Triad of a Startup Model that then needs to be plugged into an adaptive Framework.  It is important that the framework reflect its target markets.
Building a strong foundation is imperative.  If you have a strong foundation you will be able to have bearing weight for market adaptability and potential diversification further down.
Having a clear but dynamic vision
Adapting to market opportunities
Learn from big business how not to make the same mistakes
Keep a journal of ideas, thoughts, and DOs and Don'ts
Having a Vision
Think big and proceed intelligently
Take small bites.
Create alliances and never burn your bridges.  You never know who is who out there in this big bad world.
The Key words here are  Initiative, Drive, Vision, Mission, Strategy, Planning, governed by Flexible, Adaptive, Dynamic

I have a couple of successful start-ups under my belt.  Startups that made news not only because of the nature of the products and services offerings but also because they created their own market niche and industry.

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