Bill Gross has founded a lot of start-ups, and incubated many others — and he got curious about why some succeeded and others failed. So he gathered data from hundreds of companies, his own and other people's, and ranked each company on five key factors. He found one factor that stands out from the others — and surprised even him.
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That is a very inportant topic, because noweday a lot of people try to create their own compony. I am sure that not everyone can correctly plan the business. But this video is very useful for such people. If we are talking about the information, that was given in the video, I really agree with the speaker! I believe, that time is the most important resource not only in creating the compony, but also in all things that we are doing.
Thanks for this video! That’s very important theme! It was very interesting to watch this video. I learned a lot of information in it. for example, I learned that to build success you need a lot of things. but the most important thing is to have an idea, a good team, business model, funding and timing! And but most of all I liked the research. It surprised me, because it turned out that the most important thing is timing! Thank you for this video!
Thanks for posting this video 😊 You make some interesting points which will be very useful to notice investors and people who want to star own business, but don’t know what to do. You are a really specialist in this area!🤘🏽
Do you really want to set up your own business?😵 I think it should be a very modern idea because nowadays we have all we want! But i'm sure you'll get a success if you follow Bill Grosss' advice. They are very useful! Good luck in your business!❤
Bill Grods makes some good points. His talk was very energatic. He aslo mentioned that time is one of the most important thing. On of the question the start-up should ask himself :" If people ready for it?" As for me , it is a very important question. If the don't ask it the may have the same situation as was with YouTube. It means that several years ago YouTube was unnesesary, but not now. Tanks to Bill Gross a lot of people can think about it!!
That's great question! Thanks for posting it . As you say, timing and interest of customers is really important for future entrepreneurs . I think your research can help everyone who wants to set up their own business. So your project is really inspired me. I suppose, i will use this advice in my future career .
I can absolutely agree with the Bill Gross because it is very important to interest the consumer at the right time. If a thing is not needed, then it won't succeed. You can take out a bank loan for investing a lot of money, but there're no guarantees that your thing will be needed now.🙈
I read your comment with the great interest. So I share your point of your, because it is too hard to start a business without money. So it is good variant to get a loan from a bank to support your start up
I enjoyed this video. You make some intereting points about factors of a failure and a success. That is very great question to divided the factors in % bars. However, in my opinion, nowadays the fundings play more significant role than business modeling because nobody can start their business without financial support. :-)
You make some interesting points. I was really surprised to discover that idea is not an essential element that lead to success! Timing is very important in every sphere of life. I totally agree that business needs to be launched at the moment when the consumer is ready to buy this product. Thanks for such video.
I am assuming he will say something which is common sense . And i am assuming that the comment section will have more intellectual contributuon to the topic . Cause I am used to this kind of bs that I can smell it miles away
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One of the real life examples of this talk is the known Magic Inc., they invented the tablet/smartphone too soon, the tech lagged behind the idea/project. Some of the team later participated in the iPhone project and Android creation.
timing is very important, once i planned to go on a hike, and the day of the hike i felt so lazy, i postponed it. few days later an expert hiker told me that area had landmines (ground explosives) ... so trusting my feeling saved my life. those are 2 lessons in 1 hehe, and in business i do the same, when i don't feel good about something i don't do it
Starting your own business gives you freedom and opportunity that few other “jobs” can. You have complete control over your time (a blessing and a curse), you don’t have a boss, and every decision you make is yours. However, similar things can be said about franchising. There is less freedom, true, but at the same time, it’s a much safer option. Furthermore, you will still have a business to run, you will still be a boss there. The profits, the success, even the work and the control will all be yours.
Anyways, read the below. This might help.
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I started ivouchy.com all by myself. I coded day and night worked day night even when I am already on the brink of death I am still working. All for ghe sole reason I wanted to give the world a cheaper rates in their air fare. It didn't have a business model nor colossal fundings infact I am in a bunch of debt right now because of it. But, I knew it will soar high in the next 5 years, because I believe in its form that it will help more people save money on their airplane and hotel bookings.
I've looked at ivouchy website and tried to book a flight; of course I haven't proceeded with the booking as it was only a test. I have to say ivouchy is easy to use, however, I've compared the same destinations and same dates with Cheapflights and I've got better prices. I believe ivouchy is a great service but it needs to overcome the competition with better prices. I haven't tried the hotels and other offers though. In all this I wish you good luck!
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Startups have the greatest potential to change the world we live in for the better. Why do startups succeed? Here are most important factors for startup success. Timing was 42%, Team 32%, Idea 28%, Biz Model 24% , Funding 14%. #TedTalk https://twitter.com/tedstalkin
what's wrong about quoting Mike Tyson... he was the best in his field, and that is significant.
Do not be an arrogant snob. Entrepreneurship is neither more profound nor difficult than sports.
Respect, as you would want to be respected.
I am absolutely agree with you ,I consider that Mike Tyson is the most respected in the world of Boxing after Ali of course.Maybe the speaker think that boxers are not very intelligent.Unfortunately it is a popular fiction
A must-watch for any start-up founder. We sat down with Dharmesh Raithatha, Product Partner at VC fund ForwardPartners and talked about how to hire people, go from Pre-Seed to Series A and how to test your MVP.
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Wow, most of the engineer I spoke to says the idea is more important, but the business man normally says the business model is more important. LOL. "Always is better talking to people that experience the live we would like to live than to people who heard how to live the life we would like to live - Alfredo Matias"
Start-ups are more fruitful and successful when the timing, team and execution are the focus. I entirely agree with Bill Gross, the most important key factor in a start-up company is time. Companies fail because they don't prioritize time and have a motivated team, instead they believe that funding, business model, or the idea is the most important. However,
business model, funding and the idea of your start-up is still crucial, since the beginning of a new business includes all 5 key factors.
> Ideas are like opinions. Everyone has them but a random few become financially successful.
> Means to financial success are identified in the rear view mirror.
> Build it and they won't necessarily come. Consumers (with money) must exist before production. (Note that 'production' is measured by sales not inventory.)
So... like stock trading, test everything, risk small, see what worked in the past, leverage existing product markets--- evolutionary product development. (e.g. UBER with taxis; AirBnB with hotels and apts; tablets with laptops; laptops with desktops; desktops with minis; minis with M/F)
The video is quite useless in explaining because the motive to find the single most factor are really doesn't make sense. Idea, team, model, funding are so different things from Timing. If you separate them, it just like, how about just waiting it to happen? Or just preparing your work until the right time? or you try to execute to see if this is the right time? It's just like what is the single most factor that makes a good husband? I think people will soon 'tired' of those 'research' to find what 'single factor' the most. This video just merely say that this is just because of 'luck'. But I guess Elizabeth Holmes will not agree.
Great speech. Fast and to the point
Also it proved me right!
I called it luck but true, it’s timing
Great ideas even don’t succeed if the public is not ready for it
Beautifully put, well done.
Bottom line, you need luck in creating a super duper company!
Having built a 7 figure business £3.6m by the age of 26 starting with £0 at the age of 21. I have to 100% agree that timing was a key element to the success.
I’m in property development.
I built it in a good safe market, then lost it all in the globe recession, as I could not develop or sell, as nothing was stacking up!
I’ve since rebuilt even bigger in a flat market, due to learning the process as still having 100% belief in myself and never giving up even when all was lost. Maybe the fight and drive in the leading entrepreneur has a lot to do with it in my opinion.
If I ask someone I’m mentoring now how much they want it and they don’t say 10 out 10 and truly say that they want it 100% and are willing to sacrifice anything for it! Then unless they have luck with hiring the right team to do it for them! Then the odds of success are truly against them!
PS I’ve worked every day this year 31 days straight! 8-8 most days.
That has to be a factor in who is willing to put the work in and who is just a poser or dreamer!
It takes hard work and dedication!
Bill gates use to fall asleep at his desk!
You obviously need more than just hard work. I took huge risks and did many things that people told me were Impossible! I found another way around it. I was 100% determined and solution oriented to find a way.
I just knew in my gut I would make it as well!
The single biggest reason is the NAME for whatever company you start up! No one wants to get in the works with a company that has an extremely unappealing name! That is why you need eatmywords.com to help you create a game changing name!
Thank you for value by experience. He has won and lost and that is an indication he is sharing his first-hand experiences. Over Two million people have watched his blog so he has given a positive value. I am grateful.
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