Tag Archives: internet business

Top Seven Deadly Reasons of Business Failures and How to Avoid?

A survey by CB Insights has compiled ranges of study on businesses that failed. The report found 20 top reasons, naming absence of market, lack of capital and a startup team which did not fit for the job in the top three.

Whilst the report listed 20 reasons, I decided to only focus on 7 most deadly reasons you need to pay more attention to and how to overcome it:

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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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4 Ways to Make Your Online Business Stand Out than the Rest

A survey reported that the average growth of e-commerce is around 25% per year, in bad times. Harris Interactive, the one conducted the survey, also revealed that 81% small businesses which have online presence reached more customers, increasing sales and profitability.

It is obvious how essential every small business should invest seriously on online presence. However, the ease of internet access has made the internet more saturated with businesses competing each other.

The question remains “How does your business stands out?” Here is a list of ways to overcome the problem.

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5 Steps to Creating a Dynamic Marketing Strategy

It is relatively easy to create marketing plan, just pick the market & product focus, set up objectives and run the campaign. However, if you are willing to add a little more effort and learn, you will be able to create a dynamic marketing plan to help improve your brand. For this article’s purpose, I’d like to use example of my designer bag brand Mirsky Mode as it is easier to follow.

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