6 COMMON CHARACTERISTICS OF INCREDIBLY SUCCESSFUL COMPANIES

Standard
Which Companies Are the Most Social?

Which Companies Are the Most Social? (Photo credit: Emilie Ogez)

English: Diagram of the typical financing cycl...

English: Diagram of the typical financing cycle for a startup company. (Photo credit: Wikipedia)

Icon for a factory Nederlands: Symbool voor ee...

Icon for a factory Nederlands: Symbool voor een fabriek (Photo credit: Wikipedia)

04-02366 Donald W. Douglas and David R. Davis ...

04-02366 Donald W. Douglas and David R. Davis who formed the Davis-Douglas Aircraft company, the first builders of the cloudster (Photo credit: San Diego Air & Space Museum Archives)

Image representing SimpliVity as depicted in C...

Image by None via CrunchBase

6 common characteristics of incredibly successful companies

Posted Dec 2nd, 2013 at 1:26 PM
18
inShare

2

Success.

There’s no point in starting a company if the purpose isn’t to succeed, so the best place to look for advice is those who’ve made the all-star list, and what common denominators they possess.

Peter Cohan at Inc. interviewed 200 entrepreneurs to create the Hungry Start-up Strategy Index (HSSI), which rates start-ups from 0-100 based on a number of factors, and A+ companies shared these six characteristics.

Check them out, and see if your company is starting off on the path to success.

1. Setting goals. Start-ups almost always lack the cash to pay market-beating salaries to top talent. One way that they do this is by setting goals that talented people – founding executive, investors, and staff — find irresistibly compelling.

To practice the first habit well, you must do a great job on these three goals:

  • Mission: Enduring purpose of the start-up
  • Long-Term Goal: Approach to realizing investment return
  • Short-Term Goals. Clear short-term milestones

Based on their talented executive teams, excellent professionals, and world-class investors, SimpliVity and Actifio have clearly done a great job of setting these three goals.

2. Picking markets. A start-up could pick any market in which to sell its product. But the most successful start-ups pick markets that pass four tests:

  •  Its founder is passionate about the industry
  •  Its founder has superior industry knowledge
  •  Strong forces drive its industry growth
  •  The start-up is solving a customer problem that the market ignores

SimpliVity and Actifio have picked markets wisely as evidenced by their extremely rapid growth – over five-fold.

 

 

Advertisements

One thought on “6 COMMON CHARACTERISTICS OF INCREDIBLY SUCCESSFUL COMPANIES

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s