Approximately 90% of startups fail, but the ones that make it see outsized rewards.
After observing over 100 product teams, Toolbox compiled our best advice to 4x your opportunity to succeed.
The first 100 days of a startup are a make-or-break period, where the seeds of success are sown, and/or commence on a journey fraught with near-death experiences. In the rush to innovate and disrupt, the path for a startup can be battered with common pitfalls.
Agile methodologies, while celebrated for their flexibility and adaptability, can also be double-edged swords, leading startups down rabbit holes of endless iteration and diminishing returns. The consequences? Hundreds of thousands, even millions of dollars, squandered on missteps and misdirection.
By charting the best course through the first 100 days, startups can unlock faster pathways to funding and revenue, while closing the delta between the optimal product-market fit and costly pivots.
This isn't just about surviving; it's about thriving.
The First 100 Days is about harnessing strategic frameworks and battle-tested methodologies to steer clear of common pitfalls and seize opportunities with precision.
There are activities, when properly executed lead to a 4x chance of success.
Crafting a robust strategy lays the groundwork for success, guiding startups away from premature scaling.
72% of startups fail due to premature scaling (source: CB Insights).*
64% of consumers cite shared values as the primary reason they engage with a brand (source: Harvard Business Review).
Effective marketing efforts are pivotal in capturing market share, with consumers prioritizing shared values in brand engagement.
Fostering meaningful customer relationships drives sales and loyalty, ensuring sustainable revenue growth.
Establishing efficient processes streamlines operations, reducing failures and boosting productivity.
Establishing efficient processes streamlines operations, reducing failures and boosting productivity.