When it comes to launching a startup company, every action must be calculated precisely and the timing needs to be near perfect because the odds of success are drastically stacked against you. Most findings will suggest that nine out of ten startups will fail due to any number of reasons and while this extremely daunting, there are ways to greatly increase your startup’s chances of going the distance to become an established business.
What is a Startup Accelerator?
A startup accelerator is a program offered, usually on a fixed-term, to startups to provide guidance and resources to help increase the chances of success during the startup or scaling phases of a new company. Focused on early-stage, growth-driven companies, startup accelerators provide education, mentorship and much-needed financing in a relatively short time frame. The main differences between a startup accelerator vs. an incubator are the length of time, the business model and the competitiveness to be selected.
Choosing the right startup accelerator is just as important of a decision as choosing to use one.
There are a few things to consider before making the choice:
- Clearly, define your startup’s goals and measurements of success
- What stage is your startup in
- What are you willing to give in terms of equity and resources to achieve your goals
Once you have these aspects figured out, you are ready to make the decision of which startup accelerator is right for your startup.
MarketFit offers hands-on acceleration programs that provide the necessary tools to launch and/or scale up your second-stage startup program. Based on the needs of your startup, you can choose between programs that range from 1 to 12 months long and the programs are extremely flexible and customizable to fit your exact needs. MarketFit sets itself apart by offering exceptionally focused programs such as Go-to-Market Strategy and Growth, Team Structuring and Hiring and Startup Fundraising Strategy. To learn more who we are and the programs we offer, visit https://marketfit.wpengine.com/who-we-are/.