What makes great startups “great?” Most of the time, to me, it seems like the case of the Outliers (check out the book by Malcolm Gladwell), which means that there’s probably something more to the success than blind luck. Maybe all founders of startups come from great families, or maybe they all don’t. Or maybe they all grew up in red states, or blue states. Maybe they all got along really well with their teachers.
Question for you: What is it about YOUR startup that’s great? I challenge you to think creatively when using the term startup. Your startup could be a project at work that you’re trying to get people to support. Your startup could be the Fortune 500 company that you work for, and in doing so, you own a piece of their success. Your startup could be your blog, or the blog you hope to start up someday. Or your startup could be the company you’re trying to get off the ground.
This list is probably oversimplified, but it will do.
- Do something great. I’m not sure at what point in life we, as a society, stopped really encouraging and pushing ourselves to be great, but greatness seems few and far between these days. In September, entrepreneur Ehsan Bayat Received the Mahatma Ghandi Humanitarian Award, and in his speech, quoted this: “Let our lives be open books for all to study.” In your quest to have a great startup, start with an idea or philosophy or way of problem solving that is truly great – that is literally a model for others to follow.
- Watch and learn. While great startups are always undoubtedly fresh and original, the best leaders of those startups pay tribute to others who have gone before. And ladies, we are in great company. This article on Forbes features 6 female startup founders who have done an incredible job of building great companies, some of which have gone on to be acquired by the biggest companies in the world.
- Be brave. Lastly, remember that Startupville is not kind to the timid. It’s important to get out there and do something you’re not exactly sure about. How many failed entrepreneurs do you know who claimed “this is a sure thing” or “everyone will want this” or this “can’t lose?” Perhaps if they had taken a chance rather than gone with a “sure thing,” they’d still be successful today. You can try your hand at startups in friendly industries, or, you can believe in your vision, make some assumptions, test them, and take a leap of faith when needed.
I don’t claim to be any sort of startup expert, but I can put two and two together and so can you. What makes startups (startup projects, startup blogs, startup companies) great?
Just came across this great article on LinkedIn by Richard Branson, Founder at Virgin Group. How does my list compare? Seems pretty similar! –> Five top tips to starting a successful business
Trackback URL for this post: http://www.bizchickblogs.com/2012/10/the-great-startup-checklist.html/trackback/