Robin Allen from Smart Insights reported results from research recently done by Quartz why 87 bootstrapped (companies that start without venture capital) failed. Allen highlighted the fact that the results show ‘poor marketing’ positioned above pricing issues, legal challenges or burn out as a reason why start-up businesses fail.
Read More »Research Results Show Reasons Why Start-Up Businesses Fail
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Drafting a business plan it is important to do a market analysis. You should determine against who your business is going to compete, what the size of the market is, whether the market is profitable and who your customers will be.
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Despite being the continent with the highest growth potential and a growing middle class population, retailers find it difficult to move online in Africa. South African online sales recently surpassed the 1% mark of total retail sales. However, Africa and other African countries require exponential growth to catch up (Export & Import South Africa).
Read More »Some Reasons Why Retailers Battle To Move Online In Africa
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How ever inviting it may seem, starting an online retail business is not easy. So, here’s some points that may help prepare you what is coming…
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To write a business plan may take up a lot of your time and financial resources. Here are some reasons why you need a business plan…
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Starting your own business takes more than getting money to cover your start up costs. Prospective business owners should consider the following costs of starting their own business:
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Online shopping is fast becoming the favorite way to do shopping. It has happened now – more books are sold online than in Bricks and Mortar book shops during 2012.
Read More »Online Shopping Increasingly Surpasses Traditional Bricks and Mortar Retail Shopping