{"id":13970,"date":"2017-01-20T16:38:36","date_gmt":"2017-01-20T05:38:36","guid":{"rendered":"https:\/\/creately.com\/blog\/?p=13970"},"modified":"2024-02-14T23:39:21","modified_gmt":"2024-02-14T12:39:21","slug":"launch-a-successful-startup","status":"publish","type":"post","link":"https:\/\/creately.com\/blog\/infographics-2\/launch-a-successful-startup\/","title":{"rendered":"5 Tips to Launch a Successful Startup from Shark Tank Experts"},"content":{"rendered":"
<\/div>

ABC\u2019s Shark Tank<\/em> has inspired an entire new generation of entrepreneurs to get out in the world and follow their dreams and launch a successful startup of their own. But just like in the tank, not every startup will experience success. In fact, the reality is that about nine out of ten startups<\/a> will fail, and 50% of new businesses<\/a> don\u2019t make it past the four-year mark.\u00a0 Why do so many startups suffer this fate? Here are some of the most common reasons<\/a>:<\/p>\n

Bad Financial Planning<\/h3>\n

Money is tight in the early stages of a business, so if you don\u2019t watch your spending, it could be the end for your startup. For example, don\u2019t hire more people until you absolutely need to, instead, take on more roles yourself.<\/p>\n

Yes, this means you will be working more hours, but that\u2019s the life of an entrepreneur. If you have to go on business trips, don\u2019t fly first class until you can afford it. In the beginning, you have to be mindful of how you spend every penny, otherwise it could mean the end for your startup.<\/p>\n

Lack of Passion<\/h3>\n

Being an entrepreneur<\/a> is a 24\/7 job, so you have to be passionate about what you do in order to succeed. If you don\u2019t believe in your product, you won\u2019t be able to get others to believe in it either, so you should never get involved with a company unless you want to live and breathe it. If you don\u2019t have this mindset, you won\u2019t be able to turn your startup into a well-established, successful company or launch a successful startup in the first place.<\/p>\n

Unable to Secure Investors<\/h3>\n

Most startups rely on the help of investors in order to make it through the first few months or years, but when they can\u2019t nail down an investor, the business collapses.<\/p>\n

If you\u2019re having trouble finding an investor, tap into your network on social media or search for pitching competitions or funding opportunities in your community. Before you go in front of investors, role play with a friend so you can practice your negotiation skills<\/a>. Remember, you usually only get one shot at this, so make it count.<\/p>\n

Problems With the Market<\/h3>\n

Some companies release products or services without doing research to see if there is a high demand for them in the market. Even if the product is innovative, affordable, and well-made, if there\u2019s not enough demand for it, it won\u2019t succeed on the market. To avoid running into this problem, startups must do market research prior to launching their products or services.<\/p>\n

How to Launch a Successful Startup According to the Shark Tank Experts<\/h2>\n

Now that you know why so many startups fail<\/a>, take a look at this infographic to learn more about achieving success with startup tips from Shark Tank:<\/p>\n

\"How<\/p>\n","protected":false},"excerpt":{"rendered":"

ABC\u2019s Shark Tank has inspired an entire new generation of entrepreneurs to get out in the world and follow their dreams and launch a successful startup of their own. But just like in the tank, not every startup will experience… Read More<\/a><\/span><\/p>\n","protected":false},"author":16,"featured_media":13974,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[503],"tags":[165,14,800,801,799],"class_list":["post-13970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics-2","tag-infographic","tag-startup","tag-startup-fail","tag-startup-success","tag-startup-tips"],"yoast_head":"\n5 Tips to Launch a Successful Startup from Shark Tank Experts - Creately Blog<\/title>\n<meta name=\"description\" content=\"ABC\u2019s Shark Tank has inspired a whole new generation of entrepreneurs. 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