How long does it take for a startup to become a renowned company?

[Victorial]

How feasible it is for a company to become a renowned company in a year? That would mean the company has removed all competitions. Two years at least should be given to become firmly established

 

[Sotherefore]

This really depend on so many things, if your product has not been invented by any business organisation before it will be very much easier for you but might be a little bit difficult if your product is already on existence since you will have a lot of people to compete with.

 

[Immilash1]

I would say 6-12 months. It may defer depending on the type of business and industry the business operates. To achieve such height within a short period of time, you must ensure you have a good business plan and appropriate funding.

Is 6-12 Months enough to develop your business as a startup?

It's dependant to the business. But as a new start up you need a lot of time to have the experience before venturing into the business. And also have enough capital.

 

[Shigobad20201]

I believe between three to five years , a new company can acheived a lot of things and be a renowned company if the boss or the owner of the company did his/her homework very well.

 

[YERUS]

I would say 6-12 months. It may defer depending on the type of business and industry the business operates. To achieve such height within a short period of time, you must ensure you have a good business plan and appropriate funding.

Is 6-12 Months enough to develop your business as a startup?

This will depend on the type of business and how much effort the business owner puts into making his or her start up become renown.
Applying good marketing strategies would help boost a business to such a level.

 

[jay]

I would say 6-12 months. It may defer depending on the type of business and industry the business operates. To achieve such height within a short period of time, you must ensure you have a good business plan and appropriate funding.

Is 6-12 Months enough to develop your business as a startup?

There are some companies that takes long that one year to develop and become very competitive in the market and the products the company deals on matters at it too.

 

[Skysaint]

How feasible it is for a company to become a renowned company in a year? That would mean the company has removed all competitions. Two years at least should be given to become firmly established

I think it's actually feasible. This is my reason for saying this; before a new company comes into existence, it must have studied the preexisting companies and found ways to make maybe their own products more appealing to the public than the normal they do patronize. So in this case, a company might become popular almost as soon as it gets established

 

[Sotherefore]

For your business to be renown it has to offer a special products, this will make it easier for people to recognise your company but a situation in which there is so much competition within your area of concentration it might really be difficult and may take sometimes.

 

[Laurentta]

Well it all depends on certain factors like, the location of the business, the type of business, the type of services rendered and other things. Although a year is enough for a start business to become a renowned company.

 

[Syldan]

I can say, it doesn't or does not take to much longer depending on the kind of business, the kind of and the quality of the product it produces to it customers and also the influence and the policy of government which may interfere in it's own policy. some times it may takes 6 to 8 month to be.

 

[Bookwormlux1]

Most of the times, this is greatly dependent on the determination level of the business owner as they would be the ones to channel enough energy towards their business growth .

 

[Syldan]

Well, a start up business, becoming a renowned company, to some extent it does not takes too much longer, depending on the kind of goods the company produce to the people and the location of the business also matters alot in promoting it growth.

 

[kinqzbitz]

Well it depends on the kind of business and also how far the business owner I willing to go and how many profitable risk the owner decides to take and also the strategies that will help to grow the business

 

[Bookwormlux1]

There's actually no any specified time, and it is best to always try and not compete with other successful businesses that made it in short time.

 

[eLdavis]

How feasible it is for a company to become a renowned company in a year? That would mean the company has removed all competitions. Two years at least should be given to become firmly established

The problem with most of these companies that gain fame at an early stage is that some of them are not able to maintain it. Have you seen fast food restaurants that became one of the mort popular less than a year after they arrived? How many of them are still st the top now?

 

[Kvngsammy]

It's dependent on a lot of factors - both intrinsic and extrinsic. Factors such as the product or service you're offering, how saturated your target market is, your marketing strategies and how acceptable your market is to your product.

 

[Skysaint]

What makes your company to become a renowned one is actually the kind of products and services you have to offer to the public and also the seller customers relationship. A company might be in existence for years and still isn't noticed by the public

 

[Ghost1]

It depends on the type of business and how saturated and competitive the niche is.

Typically around 3 months to a year. You can use branding to stand out faster from others doin the same thing.

Lol. I don't really think any start up business of any sort would take 3 months to be a renowned business. Unless huge capital is invested though.

 

[Psalmseen]

For a startup business to become a renowned business doesn't take a day and doesn't come easy. You need to be enduring and be patient enough and you should set your priorities aright

 

[Kaffyfolla]

Most small businesses take at least 2 to 3 years to be profitable and become truly successful once they've hit the 7 to 10 year mark. Most small businesses take extra years