What is the most critical factor when starting a new business?

In this TED video Bill Gross shares his experience and findings in a resent research on what is most important for a startup to succeed.
Bill Gross has founded a lot of startups, and incubated many others — and he got curious about why some succeeded and others failed. So he gathered data from hundreds of companies, his own and other people’s, and ranked each company on five key factors. He found one factor that stands out from the others — and surprised even him.
Check the video and notice also the 4 other important keys to manage to make your business a success. Not only when it comes to startups but also to keep in mind and consider while you launch a new product or service in your established business.

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Starting a new business and become successful is an opportunity for many individuals today - not at least if you have an idea for a net based / app based business.  Keep an eye on the factor that Bill Gross points at as the key for success.
Good Luck with your start up - or your new idea for your existing business!

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