Detailed Model of a Successful Startup

Have you ever wondered which factors make a successful startup stand out? I have prepared a model that lists the factors of importance for the success of young companies.

Entrepreneurial Team

  • Personality and Values
    • Authonomy
    • Confidence
    • Initiative
    • Locus of Control
    • Need for Achievement
    • Risk-taking Propensity
    • Tolerance of Ambiguity
  • Skills and Experience
    • Entrepreneurship Skills
    • Management Skills
    • Marketing Skills
    • Technical Skills
    • Human Resources Skills
    • Investment Skills
    • Start-up Experience
    • Experience in Similar Position
    • Industry Experience
    • General Management Experience
    • Formal Education
    • Field of Education
    • Age of Entrepreneur
    • Entrepreneurial Parents
  • Teamwork
    • Team Completeness
    • Team Knowledge
    • Team Skill
    • Team Attitude

Business Strategy

  • Planning
    • Breadth of Planning Efforts
    • Depth of Planning Efforts
    • Formality of Strategic Planning
    • Frequency of Planning
    • Functional Area Planning
    • Consideration of Multiple Alternatives
    • Competitor Analysis
  • Goals
    • Ambitiousness of Goals
    • Target Market Share
    • Target Profitability
  • Strategic Direction
    • Ability to Maintain Initial Strategy
    • Aggressiveness of Strategy
    • Breadth of Strategy
    • Clarity of Strategy
  • Entry Strategy
    • Type of Market Entry
    • Order of Entry
    • Product Adoption
  • Competitive Advantage
    • Presence of Clear Competitive Advantage
    • Type of Competitive Advantage
  • Strategic Partnerships
    • Alliances with Competitors
    • Alliances with Customers
    • Alliances with Government
    • Alliances with Suppliers
    • Alliances with Other Stakeholders

Industry Structure

  • Structural Characteristics
    • Entry Barriers
    • Exit Barriers
    • Indudtry Profitability
    • Industry Value Added
    • Industry Failure Rate
    • Stability of Demand
    • Industry Size
    • Industry Growth Rate
    • Industry Chrisis
    • Industry Predictability
    • Key Success Factors for the Business
    • Industry Sector
    • Stage of Industry Evolution
  • Industry Rivalry
    • Level of Competition
    • Aggressiveness of Competitors
    • Exposure to Competitive Attack
    • Presence of Small Companies
  • Nature of Buyers
    • Concentration
    • Heterogeneity

Resources

  • Tangible Assets
    • Equipment
    • Inventories
    • Real Estates
    • Cash
  • Intangible Assets
    • Patents, Copyrights or Trademarks
    • Brand Recognition
    • Software Systems (ERP, CRM)
    • Goodwill (Established Business Reputation)
    • Product Designs
    • Licenses
    • Social Networks (Business Contacts)
    • Access to Distribution Channels
    • Access to Labor Markets
    • Access to Capital Markets
    • Access to Materials and Suppliers
  • Funding
    • Funding Source Used

 

Authors: Yankov, B.

Publication: Yankov, B.: Methodology for Bulgarian Technological Start-ups Success Prediction, Models and a software application for success prediction of start-up companies, Doctoral Dissertation, Sofia (2015)

One thought on “Detailed Model of a Successful Startup

  1. Pingback: Detaljan Model Predikcije Uspješnog Startup-a | Tehnološko poduzetništvo

Leave a Reply

Your email address will not be published. Required fields are marked *