Established startups achieve sustainability through several key strategies:
- Scalable Business Model: They ensure their business model can support growth without a proportional increase in costs. This often involves automation and efficient processes. - Strong Brand Identity: A recognizable and trustworthy brand can differentiate a company from its competitors and build customer loyalty. - Innovation: Continuously improving and expanding their product or service offerings helps them stay relevant in a competitive market. - Diversification: By diversifying their revenue streams, established startups reduce dependency on a single source of income, thereby mitigating risks.