How Venture Studios Achieve Repeated Success
Venture studios are all about repeatable and sustainable success - this is how they achieve it and the toolset they use to do so.
Come behind the scenes in this thread as I show how I lead my digital venture studio teams to repeated market success.
Having your startup business team achieve success is great.
Having them do it repeatedly is a whole other ball game ⚾
Fact: any new technical team needs a sense of direction, but also the autonomy supporting a culture of creativity and digital excellence.
But, it’s a process that simply doesn’t happen overnight 🌖
Here are a few insights on the process from a studio that does this every day:
What Every Venture Studio Needs
Any new digital agency needs a vision and company culture
In an industry where teamwork and collaboration are more important than ever, leveraging Agile or one of its many offshoots remains a wise choice. I personally prefer this approach.
One of the biggest challenges founders run into is hiring. Finding good development talent is easier said than done.
Try to find qualified candidates with experience in the challenges you’ll face at your current and future growth stages 💻
Then, you need to provide sufficient professional development opportunities for your employees.
These include training opportunities in the latest technologies as well as tuition reimbursement as a benefit 🎓
Remember, The modern software engineer wants to use the latest tools- don’t skimp on spending when it comes to IDEs and other software development platforms.
Some of our top tools and procedure tips are in this guide 💡
Build The Right Ideas
Once you have a team and processes in place, it becomes time to craft successful digital ventures.
These initial project successes help build a feedback loop of continuous improvement 🌀
It’s a scenario where as your digital agency’s reputation grows it becomes easier to generate new business.
For 10 years, my cofounder and I have built NineTwoThree Digital Ventures and we spent many nights deciding between growth and sustainability.
Retracing our history, we discovered that our model is both teachable and repeatable.
Here is everything we learnt in a decade of trials, tribulations and successes.
It must be working, because we've achieved 1,344% growth over the past three years, and we're not stopping there 🏃
TL;DR: Having the right team, tools and procedures can help you achieve success more than once - use these guides to grow your business strategy 🌱