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6 Stages of Development For A Successful Startup Venture
- Published December 07, 2022 12:31AM UTC
- Publisher Osama Hassan
- Categories Capital Raising Tips
The execution plan for a successful venture is quite simple, with just six significant stages of development:
Stage 1: IDEA – develop your #idea and assess its attractiveness.
Stage 2: TECHNOLOGY – build the #technology.
Stage 3: PRODUCT- deliver the #product.
Stage 4: MARKET – demonstrate #market demand.
Stage 5: ECONOMICS – prove unit #economics in real life.
Stage 6: SCALE – now, finally, #grow your business.
The creative process is essentially an execution process, it requires utmost discipline and can be hard to execute.
Memorise the mnemonic shortcut 👉 IT Provides ME Success — Idea, Technology, Product, Market, Economics, Scale 🙌
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