According to Florence Lowe, Founder & CEO of SQBlueSky, the commonality all start-ups need to succeed is a long enough runway – the resources needed to ramp up to full flight when they’re getting started. The resources won’t be the same for every company. Some teams will need a lot of money to burn through while in the start-up phase, others (like Florence) count heavily on personal experience and a fabulous team, others benefit simply from applying themselves 100% to the task of getting their business fully operational. And, Florence says,
Young entrepreneurs have the runway of youth and ambition, and a lack of bills and responsibility. Additionally they don’t know what they don’t know, so that makes them fearless and indomitable. That is all the runway they need to figure it out and make it happen.
What method would (or did) you choose for getting your company airborne?