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6 Stages of Development For A Successful Startup Venture 

  • Published December 07, 2022 12:31AM UTC
  • Publisher Osama Hassan
  • Categories Capital Raising Tips

The execution plan for a successful venture is quite simple, with just six significant stages of development:

Stage 1: IDEA – develop your #idea and assess its attractiveness.

Stage 2: TECHNOLOGY – build the #technology.

Stage 3: PRODUCT- deliver the #product.

Stage 4: MARKET – demonstrate #market demand.

Stage 5: ECONOMICS – prove unit #economics in real life.

Stage 6: SCALE – now, finally, #grow your business.

The creative process is essentially an execution process, it requires utmost discipline and can be hard to execute.

Memorise the mnemonic shortcut 👉 IT Provides ME Success — Idea, Technology, Product, Market, Economics, Scale 🙌

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