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Thanks again to technology which continues to fuel its growth.
Startups have infused a new wave of hope, amongst emerging talent.
Having a flexible and positive attitude and willingness to adapt to changes will add to your advantage.
Hence, maintaining a positive attitude and mindset, right through the formation stages, will help you face bigger challenges that may come up ahead.Define a Vision and Plan a MissionHaving a proper vision and laying down steps to achieve that vision is of paramount importance for any startup company.
It is necessary to think forward.SWOT Analysis:Not only startups but even established companies, know how important a SWOT analysis can be, to determine the future course of their businesses.
It would be great to have a periodic SWOT analysis, which symbolizes Strengths, Weakness, Opportunities, and Threats, especially for you as a startup, to help know where you stand, in today’s competitive world.Manage Cash flow:Needless to say, Cash flow management is the backbone of every startup company, to sustain itself in the market.
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