Turning Industry Standard on its Head in 2023
Startups in 2023 DEFINITELY have the potential to disrupt what has become the industry standard and create new opportunities for how entrepreneurs operate in the world of business and tech.
It is important to always remember that success in startups doesn't come overnight.
New owners must have dedication, a killer work ethic, and smart, forward thinking decision-making to ensure a smooth transition from idea to launch, and from launch to startup SUCCESS.
But how can a startup hold themselves accountable and push through that fear to be a true innovator capable of busting through those conventional paradigms?
Be an Expert
In today’s competitive startup landscape, having an expert understanding of your field is imperative to be a star and really shine brighter than your competitors. Shine bright like a diamond..ok I digress…until next time Rhianna.
Knowing the latest market trends, having confidence in your abilities, and being a true thought leader in at least one particular use case are all key components to becoming and being perceived as an expert in your field.
The mindset evolution that occurs with becoming an expert can be a difficult one. It requires dedication to understand the nuances of your industry and stay up-to-date on relevant topics and trends; with the right attitude and resources, you can become a leader in your field and help shape the future of your industry.
Gaining success as a startup is a marathon, not a sprint…Eat your Wheaties!
It is important to plan ahead and know the market before taking any action. Patience is a virtue…so setting realistic goals and taking small calculated steps and risks financially can help you pace yourself.
It is essential to understand that it takes time and considerable resources to build a successful business, so don't outpace your growth by overspending or overextending yourself.
Taking small steps and planning ahead will help you stay on track while avoiding costly mistakes along the way.
Step Outside the Box
Stepping outside the box, better yet, blowing the walls off the box- is an invaluable asset for any business. It allows you to stand out from the crowd and increase investor confidence.
Creative approaches to marketing strategies and tactics can be used to get the most out of your resources and make sure that your business stands out in a competitive market and increase your brand awareness.
It is important to remember that breaking down those barriers does not mean that you have to abandon tried-and-true methods. Take baby steps if you're not ready to be so bold; it can often be beneficial to combine traditional methods with innovative ideas in order to create something unique and effective.
By taking a creative approach to your methodology, you can ensure that your business remains ahead of its competitors, and your box, however you choose to build it, has the strongest foundation.
With this combination of knowledge, confidence, creativity and smart decisions you can flip the industry standard on its head!
Based on excerpts from our BIZ/DEV podcast, episode 68.