Running a startup can be a very risky yet a very rewarding business. It takes a lot of guts, dedication, time and efforts. There’s no pre-defined magical road that leads to success but following in the footsteps of proven startups and their leaders can give you the right start. Successful startups and their founders can vary in their strengths, skills and mindset. However, most of them have a few key traits in common that separate them from the rest of the pack. Here are some of the many traits that successful startups have in common: Understand the Market Before moving forward with ideas and plans, successful startups have always done thorough market research. This can help save a lot of money and time while ensuring that all efforts are focused in the right direction. Having the right product-market fit is important to determine whether your idea is sustainable in the…