Successful Entrepreneurs Have These Things In Common, Do You?


Bangalore:  Entrepreneurs are aware of the risks involved in  starting up a business. Success is not a guaranteed factor and yet entrepreneurs face the challenges and thrive every day. Although every entrepreneur tends to follow ‘to each his own’ approach for their business, a majority of successful entrepreneurs are likely to share several traits in common that play a key role in their success.

In a recently released infographics by Score, a non-profit organization; depicts four key ingredients for today’s entrepreneurs that are commonly required to brew up a recipe for success.

Professional Experience

Professional experience is one of the key ingredients that set successful entrepreneurs apart from the rest of the pack. It gives them an edge to make wise business decisions and reports revealed that they are 2.5 times more likely to raise more money, 3.6 times more likely to witness better user growth and 52 percent less likely to scale prematurely.

A Business Plan

Entrepreneurs need to invest time in writing out a strategic business plan during the initial stages of their startup. This not only gives their business a head start in the right direction but also improves their odds on taking their business to next phase. The companies that have a good business plan will have twice the success rates compared to the companies that do not have proper business plan. A good business plan will guarantee on secure capital investments and loans.

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