How much do you contribute to luck factors in % for Business success?.
Answer Hi Prashant,
This is quite subjective.
The success of any startup depends on the execution of the idea. You may feel that the idea is very smart, it may click to the consumers for the first time, lots of people start using it but still the startup fails. So the first heavy usage of the product/service becomes the luck for the startup.
As they say, there is "30% product, 30% team and 40% marketing" involved in startup. You can club the luck factor with everything.
You get the idea of good product/service, if you are lucky. You get a good team to implement that, if luck supports you.
Hence the luck factor is the kind of shield which covers the entire ecosystem of the startup.
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Thanks & Regards,
Prashant S Akerkar
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