Over the past few years, we have observed that a large number of start-ups emerged across different industries. Of these, a majority of the start-ups closed down while some continued the struggle to maintain their space in the e-arena and only limited ones could see the sunrise into the future. While most of the start-ups that shut down had access to the required seed funding, a set business model as well as an experienced team leading them on, it is interesting to learn why the majority of those start-ups could not survive. Following such outcomes, anyone aiming to step into the e-commerce domain too would feel compelled to ask the most common yet the most basic question to oneself i.e. what is it that an e-commerce start-up really needs to turn their idea(s) into a successful business venture. At the most fundamental level, it is important we understand that the following 5 relevant tips can substantially impact the success of an e-commerce business:
A great way to screw up your company is to get into the habit of blaming your suppliers, the market, your staff or your product for your…
If you’re stuck in the brainstorming stage, the first step is to focus on two questions: ‘Why?’ and ‘Who?’ Do you constantly have great business ideas which fall to the wayside because you just don’t know how to turn those daydreams into reality? If you’re stuck in the brainstorming stage, that’s probably because you don’t know what to do next.
Success is not an accident. It happens for a reason, because of the things put into it. It is the result of a consistent, deliberate process.And it’s nothing new.
The game of entrepreneurship can feel like a never-ending round of Chutes and Ladders. Just when you think you’ve reached a new level, everything you worked for suddenly takes a turn, and you are faced with the daunting task of toughing it out or letting it all go.
And sometimes, even when things seem fine, those in charge walk away willingly. Here’s a big example. Instagram cofounders Kevin Systrom and Mike Krieger recently decided to separate from their cyber baby and move on to their next innovation. Though this news came as a shock to many, including those within the Instagram camp, it’s not uncommon for business people to shift gears to create something new. (Some are considering the move Systrom and Krieger’s way of separating from Facebook while the tide is still high.)
Many people believe that successful entrepreneurs are born to take risks.
Either you were an eight-year-old with a lemonade stand or you don’t have the right stuff.
I disagree. I’m not fearless and I don’t take risks.
by Aytekin Tank Founder and CEO of JotForm
What most bloggers seem to forget that running a blog is the equivalent of providing a service for your customers. Essentially, you are helping your customers to achieve something. No matter what that something is. In short, you need to be focused around the results that you are providing for your customers. You need to do everything in your power to help your customers achieve their goals.
The stories we tell ourselves
But it’s not just the company story. In business, you’re entangled in a web of stories that inadvertently affect all of your actions. In fact, you are constantly surrounded by at least four types of stories:
Traditionally, startup businesses draft a business plan for three specific reasons: to articulate their vision for the business, to document how they plan to solve key challenges, and to pitch their business idea to potential investors. But what if I told you that business plans for startup companies are usually not worth the effort? […]
There’s a disturbing myth out there telling new freelancers they need to charge low rates in order to gain clients.
Something about how they don’t have any experience, and clients won’t work with them unless they give their services away…
And don’t worry, I went through that myself, which is the same reason wanted to tell you one little secret…
“It’s complete bullshit”