For over five years now, startup activity has experienced massive growth around the world. In fact, a post on the City A.M. blog shows that “a staggering 100 million businesses are launched annually, according to figures from GEM Global Report. It comes to just over three businesses every second, or 11,000 per hour.” However, does that mean that starting a business is easy? Well, I will say that starting a business is easy, but starting a business and making it a success is very difficult. Landing your first paying customer is even more challenging. Interestingly, as many companies are turning into successes, more and more companies with killer services and products are failing on a daily basis. In an article published on LinkedIn Pulse, Kevin Vyavahare showed that “The failure rate for new startups seems to be around 70% to 80% in the first year and only about half of those who survive the first year will remain in business the next five years.” However, no … [Read more...] about Growth Hacking Tactics For Beginners (How To Use Them To Grow Your Business)
Growing the business
Books are an amazing source of inspiration. Offering some insights into practical real-world survival tips, non-fiction books have always been at the helm as the source of inspiration for entrepreneurs. Even the busiest of the successful entrepreneurs like Mark Zuckerberg and Bill Gates make sure that they cater some time daily for reading books. These non-fiction books make it easy to draw inspiration from some of the most experienced and insightful in the industry. While entrepreneurship is not just about doing one specific task perfectly, it is a combination of a multitude of skills, knowledge and domain understanding. Since the required domain knowledge is hard to gain without gaining some entrepreneurial experience in your niche, that void is filled by non-fiction books. Non-fiction books are often read by some of the top entrepreneurs like Warren Buffett, Richard Branson, and many more! While there are hundreds of non-fiction books, which of these would help you get the most out … [Read more...] about 21 Books to Read Before Starting Your Online Business
Have you developed a business plan for your blog? Does your blog need a business plan? Of what relevance is a business plan to a blogger? If these are the questions running through your mind, please read on as I will provide the answer in details. If a survey were to be carried out with respect to the topic above, it will be observed that over 85% of blogs are being run without business plans and I can also bet that as at the point of you reading this article, you don’t have one. It is well known that one prerequisite to successfully starting and building a business is a business plan. Now if a business plan is an ingredient to business success, why can’t it also be utilized for a blog? Writing a business plan for your blog is definitely not mandatory but if you intend to treat your blog as a business, then I will advice you put down a business plan for your blog. a) Your plan will help you maintain focus The first and probably the most important thing a business plan can … [Read more...] about How to Write a Simple Blog Business Plan in Nine Easy Steps
Are you looking for a way to generate more sales for your business? Do you also struggle with lead generation? If your answer is yes, then you should try content marketing. Content marketing is the all-in-one solution for your all problems. 86% of B2B marketers use content marketing to generate more qualified leads. 76% of marketers are planning to invest more money in content marketing. Let’s see why small businesses or startups should use content marketing. Content Marketing Generate more Traffic to website The beauty of content marketing is generating massive inbound traffic to your website. Consistently providing quality content brings more traffic to a website. You need to find your audience’s problem and solve it with your content. Curata found in their study that 55% of marketers are getting more than 5% website traffic from blogs. The more content you generate, the more traffic your site will get. There are some points you should consider when to write a blog … [Read more...] about 5 Reasons Using is Good for Business
So you have decided to take the leap and start your own business. What is your plan to execute your business idea? Few days back, I had shared some of the basics for starting your own basics. I continue taking you to the basics, because the new ways have also evolved from these. I mentioned documentation is like your oxygen mask. Whenever you feel out of breath, meaning defocussed, refer to your business plan. Here we will discuss how to write a business plan for a new business. Like always, feel free to suggest or add anything relevant. A business plan essentially means a plan of action to implement certain processes to reach a certain goal, financial or volumetric. You define everything about the business in the business plan. Products, services, sale, revenue, cost of sale, marketing, financial etc. Yes, each and everything should be documented. Office setup, operational setup, marketing plan, things you will need to run and grow your business. How do I write a simple business plan? … [Read more...] about How to Write a Business Plan for a New Business?