Key Factors for Startup Success

Most startups fail not because of a bad product, but because of a broken business

model. A business model is not just an idea, it is the system of how exactly you

make money. Three key questions determine the success of any business. First: who is your

customer? Without a clear understanding of your target audience, you are shooting

in the dark. Second: what problem are you solving? If the product does not address a real

pain point, nobody needs it. Third: how do you charge money? Subscription,

commission, one-time payment - your monetization model is critical. Next,

look at the industry ceiling. Even a brilliant company will not grow big in a tiny