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Managing a Business/Luck factors contributing to business success.

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Question
Dear Aniket

How much do you contribute to luck factors in % for Business success?.

Thanks
Prashant

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.

Br/Aniket  

Managing a Business

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Aniket S Sharma

Expertise

I can answer questions related to business analysis, requirements gathering and management, requirements assessment, solution validation and assessment, Risk analysis, Gap Analysis, SWOT analysis, knowledge areas of business analyst, Use Case estimation, Functional and Non-functional requirements, business case and plan, business communication, presentation skills, conflict management, ITIL processes, Service Operation, Service Transition, Change Management, Problem Management, Incident management and many more.

Experience

6 years in IT business analysis

Organizations
Tieto Software Technologies Ltd.

Publications
http://www.expertbusinessanalyst.com Amazon, Smashwords, Lulu, Pothi.com, Payhip : A Quick Reference to Business Analysis

Education/Credentials
B.Tech. (Electronics and Communication Engineering), ITIL certified, Program and Project Management from IIT Kanpur-India, IIBA Endorsed Business Analysis Training.

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