Any entrepreneur who has launched a company will tell you that running a startup is stressful, time-consuming and full of high risk. But before a company is truly able to transition into the growth stage of is business, it must pass through many ups and downs. But while roughly 80% of startups fail in the first five years, there are a number of things that entrepreneurs can do internally to help push their company past startup and into phase two. Below, you’ll find the most important things to keep in mind.
1. Start With a Great Idea
It might seem simple, but having a great idea — either a groundbreaking new product or an innovative service — is half the battle. If you have a great idea and are able to identify the appropriate market to sell to, then the company will grow organically and investors will line up to obtain a…
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