{"id":934,"date":"2012-05-02T11:44:49","date_gmt":"2012-05-02T11:44:49","guid":{"rendered":"\/?p=1226"},"modified":"2023-04-17T11:24:17","modified_gmt":"2023-04-17T11:24:17","slug":"startup-success-forget-the-recipe-focus-on-the-ingredients","status":"publish","type":"post","link":"https:\/\/www.xminds.com\/resources\/startup-success-forget-the-recipe-focus-on-the-ingredients\/","title":{"rendered":"Startup success: Forget the recipe, focus on the ingredients."},"content":{"rendered":"<p><strong>Build it and they will come. Ever wondered the truth of that statement? Read on.<\/strong><br \/>\nYou\u2019re sat in a swanky coffeehouse with your mates on Sunday afternoon. Three espressos later and all present reach the conclusion that the idea is going to work. You\u2019ve even worked out the reasons why it will work, just in case the question comes up at the next family gathering on why you quit your corner office corporate job to work in a startup.<br \/>\nThe stark reality is that the rate of failure is high. Here\u2019s why: startups can\u2019t exist by themselves. The ecosystem for their success requires other ingredients. It involves mixing that initial idea with mentors who\u2019ve had the experience to ease that painful but necessary learning curve, a healthy financial reserve to weather that incubation period of any idea coming to life as well as the all important ability to test that idea as a product with the target audience.<br \/>\nThe importance of testing and getting feedback with a minimum viable product (MVP) has proven vital in successful start-ups. Remember the early days of Dropbox? They moved quickly to launch the minimum viable product with the key features for testing with their target audience. Dropbox certainly built it and people came but they allowed their customers to build it with them and success came knocking. For more information on Dropbox\u2019s minimum viable product days read <a href=\"http:\/\/techcrunch.com\/2011\/10\/19\/dropbox-minimal-viable-product\/\">TechCrunch\u2019s post<\/a>.<br \/>\nTo build your own minimum viable product and success story contact us @ Xminds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Build it and they will come. Ever wondered the truth of that statement? Read on. You\u2019re sat in a swanky coffeehouse with your mates on Sunday afternoon. Three espressos later and all present reach the conclusion that the idea is going to work. You\u2019ve even worked out the reasons why it will work, just in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3157,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"ppma_author":[],"class_list":["post-934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Startup success: Forget the recipe, focus on the ingredients. - Xminds Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.xminds.com\/resources\/startup-success-forget-the-recipe-focus-on-the-ingredients\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Startup success: Forget the recipe, focus on the ingredients. - Xminds Blog\" \/>\n<meta property=\"og:description\" content=\"Build it and they will come. Ever wondered the truth of that statement? Read on. You\u2019re sat in a swanky coffeehouse with your mates on Sunday afternoon. Three espressos later and all present reach the conclusion that the idea is going to work. 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