The easiest way for startups to determine their company's potential is to ______.

Question

Quizplus · Accepted Answer

Checking out how similar companies in the same industry are being valued can give startups a good idea of their own potential. This helps to assess whether the industry is thriving, stagnant, or declining, and how their business can fit in with similar ones. It can also help startups build relationships with investors or partners who are interested in their industry. Determining the economic health of the market area, looking at the track record of the cofounding team, and analyzing the company's financial forecast are also important factors to consider, but may be more difficult for startups to do accurately, especially if they are just starting out.

The Easiest Way for Startups to Determine Their Company's Potential