To get success in life, it doesn’t always about having a university degree with top class. These days, successful businesses and entrepreneurs come from different walks of life.
When you will consider some of the successful startups of the world and entrepreneurs, who lead them, you can notice that they can also represent varied products, brands, generations, industries, and cultures.
Keeping aside diversity and backgrounds, successful entrepreneurs, businessmen and leaders have at least one thing in common, and that is the wide learning curves that they have had to undergo along the way on the road to their success.
However, the way to startup success is not always a predictable one because only 30% of seeded startups are securing some additional funding. In order to know why some of the startups thrive or some stagnate or fail, it is important to examine successful startups and different lessons to learn from them.
Here are 3 Successful Startups & Lessons That Can be Learnt From Them
1. Airbnb – Build a Product or Service That Customers Fall in love With
One of the leading American startups, Airbnb offers an online marketplace and hospitality service for people worldwide to lease or rent short-term lodging, including hostel beds, holiday cottages and apartments through its application. When the company was struggling in its initial stage in 2008, Paul Graham, a founder of the well-known incubator startup, Y Combinator, gave advice to the CEO of Airbnb.
The CEO of Y Combinator asked Brian Chesky to focus on building a product that people fall-in-love with. Instead of building a product that people like, you should give attention to building a product that people truly love.
If most people are loving your product rather than liking it, they will recommend it to their friends and relatives. The word of mouth marketing for your product or service will play a more important role than any other marketing ways. With word of mouth marketing, it is enough to propel most businesses to new heights.
Lesson to learn: It would be a great choice to develop a product or service that people love instead of liking it. Your potential customers will indirectly help to get many new customers and expand your business.
“Ideas are commodity. Execution of them is not.” – Michael Dell
2. Uber – Always Think of Solving a Problem
To achieve vivid success like Uber, it is a must that you think for one such service or product that gives a solution to your customers’ problem. Let’s consider Uber, a leading on-demand taxi booking app service provider, delivering on-demand taxi services to people worldwide, ensuring that they do not have to wait too long for a taxi.
Likewise, Uber has solved a problem of people that they were facing while hiring a taxi. Even it could start with just one problem and probably, your startup could deliver a holistic solution. So, whenever you get an idea, ensure that you start analyzing the idea and think about how it can solve a problem of people.
Lesson to Learn: Always think of your customers’ problems and try to solve it through your services or products. Give them a reliable solution that makes their daily life easier.
3. Atlassian – Have a Mission-driven Company Culture
Atlassian Corporation is an enterprise software company that is well-known for making business software, helping different teams of all sizes work faster and better together. A highly popular creator or products like Jiri and Confluence among others.
The company announced that they had spent $425 million to purchase another business-software company called Trello in early 2017. It is one of the biggest lessons that startups can learn from Atlassian as they have a mission-driven company culture.
Lesson to Learn: Do you know that the right culture can lead your company to success? You can realize the significant performance improvements. Build a culture, where people just love to work, expanding your business from one level to next.
“Chase the vision, not the money; the money will end up following you.” – Tony Hsieh
These are three highly successful startups and different lessons that can be learnt from them. These above-mentioned startups have a different success story, however, an organization that mainly focuses on customer-centric and mission-driven culture along with delivering a world-class product, tend to be successful.
Moreover, the companies that found solutions to customers’ problems and improve their daily lives, can lead to success. So, follow the hard-earned lessons that I mentioned above and it may help you to join the ranks of the unicorns.
What are some of your favorite & successful startups? Comment below!
How to Launch Your Startup in 7 Easy Steps
We all want to manifest success in our lives. It fuels our desires to attain something. People perceive success differently as we have different desires. Some go after enriching themselves with material things to get financial freedom. Others study further to advance to the next level in their academic career. (more…)
3 Questions Your Startup Needs to Answer in Order to Maintain Focus
When I was a second lieutenant in the United States Marine Corps at 22 years old, one of my captains at The Basic School was a rugged Marine who’d been awarded the Bronze Star for defending an isolated combat outpost from repeated Taliban attacks. (more…)
3 Startup Workplace Trends You Need to Carefully Consider
One of the most notable parts of startup culture from the outside looking in is trends. You know the stereotype of the startup CEO — he’s wearing a hoodie that probably cost hundreds of dollars and running meetings from a bean bag chair. However, trendiness isn’t always the right choice for your business. It can be good for your startup to branch out, but some risks aren’t worth taking. (more…)
How Your Startup Can Effectively Collaborate With Influencers
As a startup, your priority is to attract, engage, and turn potential clients into lucrative, long-term consumers. And the optimal way to make this possible is by incorporating startup influencer marketing.
Most consumer brands these days collaborate with influencers to grow their business. Why? Because these individuals have built a lot of trust behind them, they can promote your product or services to their audience and get them to trust your brand. This is a huge sales-driving strategy, especially for new and upcoming businesses. (more…)
Why Isn’t Anyone Talking About These 4 Motivation-Boosting Techniques?
How to Think About Change and the Lessons It Teaches You
How to Lead in a Time of Crisis
25 Quotes About Resilience to Help You Bounce Back in Tough Times
The Four Ps That Influence Effective Negotiation
55 Inspirational Quotes That Will Change Your Life
(Images) 52 Motivational Picture Quotes For An Epic Year Of Success
30 Famous Quotes That Will Inspire Success In You
72 Positive Thinking Quotes For More Inner Strength & Growth
40 Rare Motivational and Inspirational Picture Quotes
3 Prince EA Videos To Change Humanities Path To Greatness
(Video) What Is Success? An Entrepreneurial Story To Inspire You
(Inspirational Video) What If Today You Knew You Were Going To Take Your Last Breath?
How To Make Enough Money From A Blog To Quit Your Job – Kate McKibbin
How Finding Your Passion And Becoming An Entrepreneur Can Lead To Happiness – Chiquita Searle
- Success Advice4 weeks ago
16 Everyday Habits to Boost Your Creativity
- Life3 weeks ago
Read This If You Are Tired Of Finding Excuses For Your Inconsistency
- Life4 weeks ago
5 Essential Tips for Dealing With Uncertainty
- Life4 weeks ago
8 Ways A Digital Detox Will Increase Your Productivity
- Success Advice2 weeks ago
The 6 Steps You Should Take to Reinvent Yourself
- Entrepreneurs3 weeks ago
My Company Went Vegan to Change Our Workplace and the World
- Success Advice4 weeks ago
How to Plan Your Day for Peak Performance
- Life4 weeks ago
Gratitude Will Change Your Attitude: Discover a New Life