Vision - Deepstash
Upskilling: Preparing For The Future

Learn more about entrepreneurship with this collection

Identifying the skills needed for the future

Developing a growth mindset

Creating a culture of continuous learning

Upskilling: Preparing For The Future

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Vision

A well-defined vision is a skill or gift that every company leader needs in order to cross the finish line. It will be the major force behind an entrepreneur’s success and will serve as a compass in tough times. A startup needs to envision how to monetize from the very beginning. The first dollar counts, especially for potential investors.

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Ability to Adapt to Changes

The best startups are always willing to adapt to new technologies. Adapting to change can lead to major breakthroughs. During the early years, the startup will need to iterate the product plenty of times until they are able to find the secret sauce and get it right.

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Execution

Lastly, having an idea is just the beginning and really, execution is 98% in determining each business' success. For this part, the experience of the team is critical as their backgrounds will help towards making more good decisions than bad ones.

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Top 11 Reasons Startups Succeed

Startups are literally a journey into the unknown and entrepreneurs need to be comfortable with taking on ambiguity, uncertainty and multiple challenges.

Unfortunately, on average, 9 out of 10 startups will go out of business, and the remaining that are able to survive and succeed are the o...

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20 reads

Speed

Getting things done in a quick manner is one of the many reasons why startups are able to reach their goals and milestones. It makes a difference when a startup is able to launch on time or when it moves much faster than competitors. Successful startups never delay the process of getting things d...

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12 reads

Determination

Strong determination is always necessary for success to take place. A successful startup emphasizes the significance of determination when building a business and never quits, especially when the road gets bumpy and scary. There are many challenges that will arise and the startup team needs deter...

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Budget Masters

A successful startup is efficient in managing its finances and able to operate very lean. Every angle should have its own budget assigned and unnecessary expenses should be avoided. It is important to know what the company needs in order to accomplish milestones and budget accordingly. When resou...

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17 reads

Social Skills

Networking is another reason for startup success. A founding team that knows powerful and influential people in the business is completely priceless and can open the doors to partnerships and to find angel investors in a minu...

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17 reads

Discipline

Discipline starts with self-control and is a product of a strong self-imposed personal standard. Without discipline, startups fail to succeed in business even if situated in the best economy. Self-discipline leads to positive work ethic, and work ethic leads to getting things done effectively and...

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17 reads

Fundraising Skills

Cash flow is the blood line of any business. This means that businesses can be ruined with inadequate capital. Successful startups are the ones that have sufficient capital to run their business operations. The primary duty of a startup CEO is to be able to do startup fundraising. A ...

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Unwavering Belief

Every business’s success revolves around taking risks. Successful startups are prepared to take risks. As they say, the most profitable investments usually require high amounts of risk. However, such decisions need to have a solid due diligence in order to avoid as much as possible the downfall i...

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Master of Time Management

Startup life can be rough, between the mountain of things to do and limited staff and resources, the company's success hinges on the team's productivity and effectiveness to do more with less. I was once told by a savvy and very successful business man that having things to do will never be an is...

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8 reads

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