9/23/2004

Ten Start Up Business Success Factors

This post from Small Business Trends
offers these ten factors for new technology business success from Dr. Scott Shane, professor of economics at Case Western Reserve University:

1. Select the right industry
2. Identify valuable business opportunities
3. Manage technological transitions
4. Identify and satisfying real market needs
5. Understand customer adoption
6. Exploit established company weaknesses
7. Manage intellectual property
8. Create barriers to imitation
9. Choose the right organizational form
10. Manage risk and uncertainty