The secret to strategic partnerships is simple – however I would say that 80% of startups I talk to have the wrong mindset when it comes to setting up a relationship and that is why most of them are failures. Here are 5 reasons those strategic partnerships of yours, are not strategic partnerships.
There’s been a lot of hype around the term ‘entrepreneur’ over the past few years. We’re seeing an increasing number of news channels and media outlets emerge in the public sphere that focus primarily on entrepreneurship. While popularity isn’t a bad thing, it’s a force that can create a fad.
Today’s most successful startups are not those who have reinvented the wheel, but those that have uncovered a niche market in desperate need of improvement – one that can benefit from current technological trends and already has an established customer base. The three-man team behind Road Angels has leveraged this principle, and has all the right moves in place to disrupt the roadside assistance industry.
This year was a great year for laying the foundations. Many entrepreneurs started out on the road to something exciting, disruptive and in many cases life-changing for their users, and game changing for their industry. In 2014 these newbie startups will begin to grow and scale and we think that you will start seeing some big things from all of them!