Is it possible for a startup to be successful in 2 years?

D

Deleted member 27126

Guest
The level of commitment of the business owner and available resources will go a long way in determining the success of any business. Other external factors that might affect growth rate of the company include type of business and industry the business operates. It's important to have a good business plan and appropriate funding. When a business lacks adequate funding, it becomes difficult to implement and execute development plans that can lead to early success in business. Sourcing funds from financial institution has been the go to point for most startups. Although, the requirement and delay in processing of funds coupled with high interest on loans makes it less attractive to most business owners with adequate funding.


Is it possible for a startup to be successful in 2 years?
In the strictest sense, business is never easy. You have got to worry about a lot of things - either people will patronize your products or not, whether your employees are ready to work with you or not. Also, in the event of failure, as a business owner, you are all on your own with nobody to care for you or even share in the loss with you. What makes business to be easy is that you take all the profits alone and make all decisions alone.
 

Mellorando

Banned
Of course a business could be successful within two years of establishment this depends on how the business owner plans and thinks on things that concern the business growth if the business owner think positively is business also will be positive a business owner who is so indecisive who fell to make right decision for his or her business
 

Setfragil

Member
There is no time frame for a business to be successful the knowledge, expertise and planning that you put together to invest in the business will go a long way i determining how fast the business will be successful. The success of the business might even come less than 2 years.
 

henrymartin

New member
Yes, it's possible you have to check marketing trends and you should know how to convince customers as per their needs. You should have a good website to approach customers.
 

DeepCASH

New member
It is very possible so far the business owner manage the business very well.

First,For a business to survive or be successful within two year there must be proper management.

Second, a business owner must make sure that he put something's in to consideration before start business.
That is like the environment he wanted to put the business,the method of advertisements to use in other to attract the prospect buyers and the price of the goods should not be too high so that it will attract the customers.
Totally agree with this, thanks
 

Riya Shah

New member
The answer to this question depends on a lot of factors. If your start-up idea is good and you have a bright team, then you can easily survive 2 years. However, maintaining cashflow can become difficult after a point. To sustain and become successful, you might have to apply for a business loan. These days, you can easily apply for an SME loan or MSME loan depending on the size of your business. If you are looking to expand your business, you can apply for a small business loan online at good Fintech companies like LendingKart where the process is hassle-free and quick.
 

Teatea

Active member
There is no set or specific time for a business to be successful, some businesses pick up in months or a year while some may not start bringing profits until after years. Persistence is the way out in situations like this, two businesses with the same idea may not boom at the
same but it doesn't mean that one is not doing things right.
 
Yes of course if the set down rules of a business is being followed, the business can start making profit immediately its established. This is the main reason for why research should be done before a business is started, this puts in place the customers and what they actually want. If a customers is satisfied the business moves
 

Highflyer

New member
Yes it is possible for a startup to be successful and become a well known brand in two years, the same period some startups die off. If this will be achieved however, there has to be a lot of commitment and dedication by the business owner and staff. Funding is another important part in ensuring that the business becomes successful, as many startups die due to lack of funding.
 

Psalmseen

New member
Success of a business doesn't hang on the time spent in there. You can use a month in business and be successful and you can use 5 years and be a failure. It all depends on your level of commitment
 

Alexandoy

VIP Contributor
I think 2 years is a long time to reach success in business. I was able to make my start up profitable within 6 months and it was earning a good profit on it's 1st year anniversary. If you have a big capital you can even expand within a year and in 2 years time your business may be very successful in terms of profit and growth.
 
Most businesses run down within the first 2 years. If a business is still standing after the first 2 years of start up, chances are that the business is highly to succeed. Though this is not stamped. But it happens most often than not.

But to answer your question, YES. A business can succeed within 2 years. Infact a business can succeed in less than a year. It depends on the input on the business.
 

Maven Tiger

Member
The level of commitment of the business owner and available resources will go a long way in determining the success of any business. Other external factors that might affect growth rate of the company include type of business and industry the business operates. It's important to have a good business plan and appropriate funding. When a business lacks adequate funding, it becomes difficult to implement and execute development plans that can lead to early success in business. Sourcing funds from financial institution has been the go to point for most startups. Although, the requirement and delay in processing of funds coupled with high interest on loans makes it less attractive to most business owners with adequate funding.


Is it possible for a startup to be successful in 2 years?
 

Briangsam

Active member
A business can definitely be successful within 2 years of invention. It could even be successful within a shorter time frame. This hinges so much on the owner of the business, how well prepared he or she is mentally, financially and his or her sales funnel. This is also equally dependent on the type of business. If the business is a business well in demand, it will be successful in no time.
 

Asad Ali

Active member
it depends on your approach to the business... There is no reason why your company should not succeed after 2 years, except some variables, but also the position of your company. Have you thought about the kind of company in which you wanted to... Is the business of the season or not of the season... And how much you're pouring into the business... And how much do you cut costs and spend in fueling them?
 

btaliat

VIP Contributor
Business doesn't have any specific time that it will be prosper or not. A business becomes successful when a business owner gets it right. This will either be long or be fast. That's the reason a business owner should learn how to be very observant and vigilant and be keeping good records of his financial records of the company to know whether the company is making profit or not.
 

Mataracy

VIP Contributor
It is very possible so far the business owner manage the business very well.

First,For a business to survive or be successful within two year there must be proper management.

Second, a business owner must make sure that he put something's in to consideration before start business.
That is like the environment he wanted to put the business,the method of advertisements to use in other to attract the prospect buyers and the price of the goods should not be too high so that it will attract the customers.
 

Ekuvero

Active member
Its very possible it all depends on how committed and focus you are irrespective of that if the location of the business is in a location where the demands of your commodity and product is high and there is no strict competition form other investors in that Field alongside good marketing strategy with enough funds you are good to go. Though the nature of the business also matter's a lot alongside management issue's with the way the business is been operated upon. White some investment do take long time to grow for instance real estate others doesn't take long time to grow
 

Chibson

VIP Contributor
Of course it is possible for a startup to be successful within 1-2 years. First of all it depends on what you call being successful, some people refer being successful in businessas having so many branches and of course the business being financially stable. while being successful for some people refers to the business being able to carry it's operations comfortably.
 

Doradorwa

Opportunity seeker
See it depends on your attitude towards the business... There is no reason why your business should not be successful after 2 years but some factors but also be considered and that is the location of your business... Have you considered the kind of business you decided to venture into... Is it seasonal business or non-seasonal business... And how much are you pumping into the business to fuel it up... And how much are you cutting cost and how you are investing to fuel it up.
 
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