How Long Does It Take a Small Business to Succeed?
The majority of businesses will see success within about seven to ten years, however every business is unique. The first three years of starting a business are all about finding your business's direction.
Take these examples of some of the most famous businesses today:
- Google, a search engine developed by Larry Page and Sergey Brin, was introduced in 1996. The company could not be sold for a mere $1 million in 1999. Google had however overtaken Yahoo in the early 2000s.
- Among the first big contracts Microsoft ever won was one with IBM. It took Bill Gates six years to establish Microsoft.
- Apple - Apple grew to success even more slowly than these businesses. The Macintosh was released in 1984, nearly a decade after Steve Jobs founded the company. Apple began competing seriously with the iMac in 1998, not long after this computer was introduced.
Success does not follow a strict timeline, as you can see.
It may sound appealing to start your own business but not everyone is cut out for it. Success will present challenges at every step. Whether or not you really wish for this would be up to you.
There is a possibility that your idea won't appeal to your target audience, that it will be too challenging or you may decide not to invest in your venture. There's nothing wrong with giving up if you need to. Putting your best foot forward and assembling a great team will lead to success. It is only a matter of time before you achieve your dream at any point in time.
You can make success a reality by using a virtual assistant to take care of time-consuming, difficult, and boring tasks. You can schedule a free consultation with a virtual assistance consultant to learn about how you can get help and choose the team who could help you.
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