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Great question! Timing is definitely a huge factor for startups success. And for sure, tech advancements & social trends are the easy ones to spot. But as someo
by Scottydot 2y ago
Great question! Timing is definitely a huge factor for startups success. And for sure, tech advancements & social trends are the easy ones to spot. But as someone who chased his share of tarpits, it’s also good to keep your eye on a few other things:
- Regulatory changes
- Economic changes like recession or inflation
- Lower costs - allowing a business model to suddenly work.
- Investment climate - money matters, so look for surges in particular sectors
- New gaps in the market - due to maybe shortages in some material, maybe a competitor drops out, maybe there are disruptions due to pandemic, weather changes.
- New collaboration & partnership opportunities.
A final note; Often the ‘why now’ only becomes apparent in hindsight. We’re great at building a narrative after seeing success or failure. It’s a lot tougher to leverage “timing” in advance. And timing is rarely the only factor!