Looking at more than 200 companies, including successes and failures, speaker, IdeaLab founder, and LinkedIn Influencer Bill Gross found some very interesting data.
Bill’s findings show that an astounding 42% of success is due to timing, while the team and how you execute your rollout and business model is responsible for a substantial 32% of the cause of success.
How do you assess timing? How do you ensure your product, brand, or business is launched at the right time? These are all factors which require market, risk, future-focus, and industry climate analysis.
To explain further Bill offered explanations of what these factors mean.
Working with mentors, experts, and strategic planners can aid in the efficiency and strength of the foundations for your roll-out or launch.
In order to collect data which can only benefit any entrepreneur working hard to start a new venture, Bill assessed the main reasons for failure in start-up businesses and came up with some incredibly useful data.
Teammates can come in all shapes, sizes, and associations, motivation and encouragement for entrepreneurs begins with a conversation.
Have you experienced success, or failure that aligns with Bill’s findings?
Comment on this article and tell us what happened, what you experienced, and what you learned.
For more on Bill and to get in touch with him via social media, use the links below:
www.billgross.com
www.twitter.com/Bill_Gross
www.linkedin.com/in/billgrossidealab
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