How sure are you that your startup is a candidate for long-term success?

Of course, you want your business to succeed. But the question is: “How do you do it right?” You must find a market fit first before giving it everything you have. You don’t want to waste your investment and hard work just because you went all-in with an ineffective plan.

Great thing for you, because Ari Tulla, CEO and co-founder of ELO, shares the 3 things startups need to get right first, to secure their success. As a startup, you will inevitably make mistakes, but you must nail the following three things.

Think of this as a checklist with the essentials you must have for your new business.

1. Get The Timing Right

Have you ever noticed a problem and started brainstorming ideas on how to solve it?

Let’s assume you came up with a neat solution that you could deliver cost-effectively to others who face the same problem as you did. But this will not be enough if you are too early or too late to the market with your solution.  The former happens when the  market is not yet aware of that problem, the latter if…