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

[Josemendez]

Actually , there is no fixed time for it to happen . It depends solely on the company's strategy and whether the strategy employed on the business worked or not. With this , the success can be seen .

 

[Grant]

There isn't a timeframe for when a company will be successful. You can guess on that, but there's usually no knowing when a company will break out. Renowned also refers to well know, and respected, and that takes years upon years to get to that stage. Nothing is a fast process. There's no chance a company can become massive within a year. It takes time, and often, a long time for some. Most startups don't even make it past the first year.

 

[Noor khan]

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?

Yes 1 can't actually say the time a startup company will become a renowned company there are a lot of things involved before a company can rise to that position. The capital involved to start a business goes a long way in determining how big or huge the company will be and the amount of money that will be used for marketing the company.
If you start a company big the price of your products are likely to be lesser than that of a small company. How you started, the capital you started with and the strategy you used in marketing your business will determine how fast the company will rise too.

 

[IamDozzy]

For a startup to be a renowned company depends on so many factors. First of all, it depends on the government economic policy in which the startup is located in . Some government give tax holidays to startup while others do not. Therefore, the rate at which a startup transitions from growth stage to maturity stage depends on policies put in place to favour its growth.

 

[Adventurer]

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 a lot of factors this question is dependent on like, the location and market share of the product, like how fast are sales being made. Well usually a business plan states when a business is expected to meet it's goals.

 

[Sincerem]

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 is hard to ascertain if that time duration will be enough to drive that business to the stardom status. It takes time to see a newly built business to grow to such level. So we shouldn't expect to make such kind of early progress unless otherwise.

 

[James07]

It takes longer for any business to hit its peak. But it would say, it depends on the nature of the business, the amount of capital and time you put into it. Some will take a shorter time to pick because the business plan was well thought through prior to implementation. But some will take longer because of the challenges or issues affecting the directors of the peoples in charge.

But as the saying goes, "Rome was not built in one day". It takes years to move from startup to an accomplished and renowned company.

 

[Nomad]

If a start up does not fail and of the start up gets investors early on, and if the start up has a very novel idea, it can become a profitable company within a year. My cousins start up became a profitable business just in 9 months.

 

[Hopey]

A business is not time consciously determined in its rising rate instead its dependent on how the businness is being run. A good manager can make a business boom in the first 3 years of creation or it can take more or less and vise versa

 

[Sariana23]

It takes longer for any business to hit its peak. But it would say, it depends on the nature of the business, the amount of capital and time you put into it. Some will take a shorter time to pick because the business plan was well thought through prior to implementation. But some will take longer because of the challenges or issues affecting the directors of the peoples in charge.

But as the saying goes, "Rome was not built in one day". It takes years to move from startup to an accomplished and renowned company.

These three points you highlight are very important "it depends on the nature of the business, the amount of capital and the time you dedicate to it" as things may vary from case to case. I come from a family of businessmen and I have seen cases when the business starts the same year and some succeed faster than others, and that is when your description comes in.

 

[Daniel52]

most companies are not the same and their time of becoming successful can never be the same. Some these companies might even take as long as 10, 20 years before they can be called a renowned company while some Business just take within 6 months to 3 years and the rest to become a renowned company.

 

[Nurudeen]

I don't think a period of the can determine a new start up to become a renewed company or well known one. The thing is that their should be a lots of PR and marketing for the startup. Even within three months you can be at the top if you work effectively on your marketing

 

[Nomad]

Success for any start up depends on just one thing: novelty of the idea. If the start up idea is completely new and the start hopes to launch new products and new services, it will succeed.

 

[Setho]

I remeber when Jeff bezos founded amazon and dint project the company good until after 2 years. Becoming renowned depends on the type of business and how it turns out to be based on factors like financing and staff. It is okay to take the business one step at a time.

 

[Jumoke12]

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?

I would disagree with you by saying 6-12 months. Making a business to be well known is not a day job, in fact, it takes many years of persistent hard work before such can be achieved.

 

[Victor001]

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?

Business meeting the lime light is built on consistency, the outcome of every successful business should be it stands in time and durability.

 

[Kayzzy3]

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?

Your priority as a start up shouldn't be to be renowned in the shortest possible time, it should be to meet the needs of the people, maximize initial investment then expand.

Becoming popular or a household name will begin when you satisfy a majority of your customers, followed by advertisment on different platforms.

 

[Samuel77]

Within a period of one year a startup company can become a renowned company, but sometimes it might not take up to one year, if you put more effort in the business

 

[Sheyemanu]

Concerning your question on how long it will take a startup to be a renowned company, It all depends on the type of goods and services rendered by such company as at a given time, but the standard timeframe is between 2-5 years

 

[Abbeyola]

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 all depends on the time and dedication put into the business organization as well as the commitment of staff, towards it growth and progress.