What are great businesses built on?
Shivi Jalota
10 replies
I think these 3 factors play a crucial role in the make or break of any business
- Decent idea
- Impeccable execution
- And, timing!
Replies
Daniel Taylor@danieltaylorr
Great businesses are definitely built on belief and determination. But I'd say they also need a solid plan, the right team, sufficient funding, and the ability to adapt to challenges and changes in the market. Conviction in your vision keeps you going, but you need the fundamentals in place too if you want to succeed long-term IMO.
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Core principles, strategic execution, and a strong foundation are the building blocks of great businesses. Consider elements such as a distinct vision and mission, a robust value proposition, and a customer-centric approach.
great businesses are built on good teams
@seizefire mind elaborating?
Belief and determination are definitely key. I think great businesses are also built on 1) Solving a real problem or filling an unmet need 2) Delivering great value to customers 3) Hiring a stellar team 4) Pivoting when needed 5) Thinking big but executing incrementally. Just my 2 cents!