1. Start-up This is the exciting phase when your business concepts are launched. First you must get through the pre-launch by raising enough capital to prove your concept. Then you must design, build, test and hone your product and marketing plan. Then you enter the real market. Here you discover the misconceptions you had regarding what your customer really wants, and what that means to your product, package and pitch. The speed of this early course correction is critical. You must make many expensive changes at a time when you are racing the clock to achieve a positive cash flow. Most studies put the start-up success rate at less than one in seven. The goal of the start-up phase is to prove your concept and achieve positive cash flow before running out of funds — or losing control of the company through subsequent rounds of financing. 2. Build-up Now that you have beaten the odds and achieved a positive cash flow, you must identify and sell a f...
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Famous Quotes by Dr. APJ ABDUL KALAM If you want to shine like a sun, first burn like a sun. Man needs difficulty in life because they are necessary to enjoy the success. All of us do not have equal talent. But, all of us have an equal opportunity to develop our talents. Without your involvement you can’t succeed, with your involvement you can’t fail. It is very easy to defeat someone, but it is very hard to win someone. Don’t take rest after your first victory because if you fail in second, more lips are waiting to say that your first victory was just luck. All birds find a shelter during a rain. But eagle avoids rain by flying above the clouds. Be more dedicated to making solid achievements than in running after swift but synthetic happiness. Dreams are not those which comes while we are sleeping, but dreams are those when you don’t sleep before fulfilling them. Difficult in your life do not come to destroy you, but to help y...