Business News

How Long Does it Really Take for a Startup to Become Successful?

One thing you should know about businesses or startups is that there is no such thing as an overnight success. Rather still, an overnight success actually takes years to come into being.

A lot of business owners keep on asking this question; how long does it really take for a startup to become successful? No, it’s definitely not a month nor a year. At reviewsbird.co.uk, you’d find a lot of startup owners sharing their journeys in the startup world with you. Also, reading reviews online, you’d agree that Gates didn’t become the richest in the first five years! Not Bezos either! This is enough proof to you that successful startups take good time to become successful.

Again, the question boils down again to how long? In truth, the success of startups isn’t static at all. For some small businesses, it takes about three to four years to attain stability and overall balance. In the first year, things mostly go smoothly. A sort of beginner’s luck maybe. It is at this time that excitement peaks. Yes! You finally launched.  But this is really where it all begins. By the second and third years, you begin to think about profit and possible expansions. We understand the great number of pushes that happens at this stage. Funny enough, this is the stage that determines if your startup would stay or not.

The seven-ten year benchmark is where you tell if your business is a success or a failure. Ten years is a lot of time for you to see many things about your startup.  With adequate planning,  good revenue generation and profit, a startup would have attained “successful ” at ten. Do you now see that it takes time before a startup can become really successful? This kind of success is what most people refer to as quick success.

Quick successes do not happen by sheer strokes of serendipity.  They take years of hard work, determination and consistency to come into being.  Also, if you truly desire to get to the tenth year. Be ready to fully equip yourself with expansion skills as well as evolution.  If we don’t learn to evolve, we would all be left behind in the past. No customer would stay in the past with you let alone purchase what is outdated when presented with the choices of newer and more technological savvy products and services.

Final Notes

From this article,  we have shown you that the success of startups is not overnight affairs. They sure take time to happen. Also, the time frames used in this article are not the ultimate. More sporadic growths do happen, slower successes happen too. These ones are the most common of them all. Hence their usage. Startups are like plants most times; their productivity and longevity is all dependent on the farmer(the business owner). We hope this article inspires you to do all you can for your plant. It will be worth it in the end.