The best idea in the world and the best setup will not sell if no one knows about it. Therefore, a large portion of your seed funding should go into marketing. You can delegate this task to marketing experts in your team, but this area will require your close attention. In today's world, digital marketing is going to be key to your startup's success.
7. Have A Plan For Growth
Finally, you should have a plan to grow your business as it begins to expand. You don't want to be in a situation where you are rapidly gaining customers but can't scale up to match their needs. This should all have been outlined in your business plan, and if everything has gone well up to this point, you can revisit your strategy and see what you must do to keep pace.
Most startups fail within the first year due to poor planning and fusion data lack of funding. Unfortunately, failures are more common than success stories. Nevertheless, with strict planning and a well-laid-out strategy of financing and marketing, there is no reason why you cannot succeed.
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