Tag Archives: Business Lessons

How Starbucks Did It? (5 Must-Learn Best Business Lessons)

“We’re taking time to perfect our espresso. Great espresso requires practice. That’s why we are dedicating ourselves to honing our craft.”

February 2008, Starbucks made it on top news headline that it has shut down its US operations. Speculations and rumors started brewing in the media fearing for the worse.

For Howard, apart from the headache he suffered from the company’s recent losses, he knew the operation shutdown happened for right reasons. The losses and problems made him to take drastic measures for the company he built. In short, he ordered the shutdown because he cared.

Here’s the four must-learn best lessons from Starbucks’ shutdown in 2008:

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3 Easy Ways to Showcase Your Product’s Quality Online

Showcasing your product online is a crucial element of great online content. Since consumers find it difficult to visualize the product online, it becomes your priority to invest more resources on ensuring the message does not get lost.

Whilst hiring online content manager is a recommended solution, most startups simply could not afford to do so due to their ridiculous rate, giving established businesses the upper hand.

All that said, I sat down and reflected on it. Here are 3 cost-effective methods to showcase your brand’s service online:

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Don’t Fall for These 5 Deadly Myths of Startups

As every aspiring entrepreneur ought to be, we tend to listen advises from people about creating, running and growing startups.

But how do you know which advice to take, and which myth advises you don’t fall for. Here are 5 deadly myths about startups:

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Things I Wish I Knew Before Becoming An Entrepreneur (9 Mistakes)

Entrepreneurship experience works similarly as treading the ‘uncharted waters’. You can never avoid making mistakes no matter how well-prepared you are.

Making mistakes are a natural process of every startup. What’s important here is to learn from it ensuring a successful business. So here’s my take at what I’ve learned from my e-commerce business Mirsky Mode startup:

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7 Reasons You Should Focus on Customer Loyalty

Loyal customers are a result of consistent positive emotional connection provided by your business. This leads to customer retention which, obviously increase your profit margin.

Apart from increase in sales, here are 7 more reasons why you should focus on customer loyalty:

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