Advice for every investor:
The TIP rule for the success of any project
In the world of investment, it is not enough to have capital or a brilliant idea, but you need clear foundations to follow. Many startups fail because they lack the essential elements that ensure growth and continuity.
From the experiences of
- investors and entrepreneurs, the most important of
- these foundations can be summarized in a simple rule known
- as TIP, i.e. Team – Teamwork, Idea – Idea, Plan – Business Plan.
In this article
- we'll learn about each element of
- the rule and why it's the foundation of
- any successful project.
First: The Team (Team)
- Specialized in management and organization.
- Technical expert or technicians for product development.
- Creative people in marketing and brand building.
Second: The idea (Idea)
After the team, comes the idea. The idea should be:
- New or at least offers an innovative solution to an existing problem.
- Applicable on the ground.
- It has a target market that it can serve.
A successful idea
- is one that is built on real need, not just momentary enthusiasm.
- For example, delivery apps emerged because they addressed a real-life
- problem that people suffer from: time constraints and difficulty navigating.
Investors are always looking for a "growthable idea"
(Scalable Idea) that can be expanded and developed over time.
A team and an idea are not enough without a clear plan.
A business plan is a map that defines:
- What are the project objectives?
- How will it be achieved?
- What are the expected costs and profits?
- What is the implementation schedule?
On the other hand, there are hundreds of apps that tried to imitate Uber but failed because they did not have an outstanding team or a well-thought-out plan.
Success in investing is not a coincidence, but the result of clear elements:
a strong team, an innovative idea, and a solid business plan.
- If you are thinking about entering the world of investment
- or entrepreneurship, always remember that capital alone does
- not make success, but rather people, plans and ideas make the difference.