Small business owners who are playing to win can learn from the mistakes of others and make their own organizations even stronger. A CB Insights study lists 20 reasons cited by small business owners whose companies failed. The good news is that most are avoidable, and they can be divided into five main categories. Let's take a closer look at these common small business challenges and their fixes.
Entrepreneurs and small business owners often generate ideas for new products at warp speed. However, moving from idea to prototype can seem like a daunting task. Here are four things to think about when turning your product dreams into a reality.
Your customers appreciate prompt and reliable shipping. If their product comes in late or broken, you might just lose them forever. It's important to consider their perspective when it comes to shipping and materials.
Just as you wouldn’t jump out of an airplane without making sure you have your parachute (and safety training, and likely being strapped to a qualified instructor), a professional online presence is not an adventure to leap into haphazardly.
Getting funding for your business is one of the most important and difficult steps in becoming an entrepreneur. The road between startup and profitability needs to be paved with your undivided effort, talent and creativity.
More than just a catchphrase, sustainable sourcing is an effective way to set your eCommerce website or store apart by elevating your brand image, capturing more market share, reducing operating costs and potentially charging a premium for products.
In the current internet age and its corresponding digital data explosion, a recent study shows that our attention span is shorter than 8 seconds, even shorter than a goldfish! We crave being connected and up-to-date, but this has impacted on our ability to stay focused and distinguish between relevant and irrelevant stimuli.
Small business owners are the ultimate one-person show. You run it all: bookkeeping, advertising and marketing, delivering services and/or products, payroll, customer service and more.
The holidays are approaching and it’s time to prepare for the rush that comes along with “the most wonderful time of the year.” Getting your shipping and fulfillment operations in order is especially important for handling more orders, increasing margins, and getting the most out of the holiday rush. We’ve put together a checklist to get you best prepared for the holiday sales spike.
Forget business as usual. These days, many successful businesses are reinventing everything from supply chains to customer service. Vertical commerce brands (VCBs) are quickly replacing traditional retail models with a digital-native, direct-to-consumer model that cuts out the middle of the supply chain, bypassing things like traditional storefronts and wholesale pricing. (Think brands like Dollar Shave Club, Casper and Warby Parker.) For consumers, this shift has generally been a positive thing, as it enables companies to pass on savings and create high-quality product at lower prices. So what can you learn from VCBs as a maker, small business owner or solopreneur?
Start Your Something
At Weebly, we believe that everyone deserves a chance to build something new and do what they love. The Inspiration Center features experts sharing what they've learned about starting and growing these types of big ideas.