Launching a startup can be a daunting task, but with the right knowledge and skills, you can increase your chances of success. If you have a postgraduate diploma in creating a business start-up, you are already ahead of the game. Here are some best practices to keep in mind when launching your startup:
Best Practices | Statistics |
---|---|
Market Research | 90% of startups fail due to lack of market need |
Business Plan | Only 50% of startups have a business plan |
Financial Management | 82% of startups fail due to cash flow problems |
Networking | 85% of startups find success through networking |
Marketing Strategy | 60% of startups struggle with marketing |
By following these best practices and utilizing the knowledge gained from your postgraduate diploma, you can set your startup up for success. Remember to stay focused, be adaptable, and never stop learning.
Source: Startup Genome Report