No matter how good the idea is or how much
money startups have, they have to first think of survival before they entertain
thoughts of success; it’s not that easy to float a company today, simply
because the competition is fierce and most spheres of business are saturated
and overcrowded. The difference between startups who go on to become
established and successful companies and those who sink without a trace in a
few months or a year or two is that the former are prepared; the latter are
over-confident and clueless about the problems that lie ahead. In general,
startups survive the roughest of patches and go on to become successes if they:
Have a plan
It takes many ideas to merge into one and
form a startup, and very often, more than one person is involved. While the
initial responsibilities are planned and delegated carefully, many startups
don’t have …
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