What's the most critical component of building a successful business?

Question

Having spent most of our careers working/ leading diverse startups and more recently at VenEx (GetVenEx.com) where my co-founder, Avi (Avinash Agrawal) and I are solving for at least one of these problems, don't know, with conviction, which of these are most critical. Would love to have your views.

Imtiyaz · Accepted Answer

You missed adding the option "Marketing".

Marketing is the reason for any successful business.

Prakash Chandra · Answer

Building good team is most crucial component for sustainable growth

Clément Rog · Answer

Creating a consistent story, from product to marketing. And making sure your niche cares about this story

Siddharth Shivkumar · Answer

Identifying Customers. Have seen several startups ride the hype wave and drown because they never thought of who's going to use their product.

Mahyad · Answer

Having a team you can fully trust to execute the plan like champions is a make it or break it 👌🏼

Helen Fiala · Answer

I'd definitely say it is validating your idea with your potential audience ASAP, build a dummy in figma or an MVP - no more than 3 weeks - and go out and speak to them. After that, you can focus on an amazing and strong team!

What's the most critical component of building a successful business?

Replies