Entrepreneurship Archives

Expand Your Business: 5 Tips for Sustainable Growth

Do you want to expand your business but aren’t sure which strategy is best to adopt? How can you grow your business without putting too much strain on your resources? The most sustainable way to expand your business is to focus on building and growing a loyal relationship network. Further, your relationship with your fans must be more than transactional—it should be for life. In this article, we’ll first discuss the benefits of having a loyal network of followers, and then provide five tips for accruing one.

How to Find the Ideal Employee: 5 Tips for Recruiters

How do you find an ideal employee to fit the position that you need filled? What traits and talents would your ideal employee have? It’s not easy to find the ideal fit for a job, especially during the hiring process. While you can’t change the way people present themselves, you can clearly define the talents that describe the ideal worker for the position you’re trying to fill. Think about the following tips as you’re creating your ideal employee profile.

Amazon: Timeline of Events From 2005-2007

In what ways did Amazon grow in the mid-2000s? What big changes came about during these years? The mid-2000s brought about many changes for Amazon. During this time, Amazon entered a war with Zappos, launched Mechanical Turk, relaunched its web services and “fulfillment by Amazon.” It was well on its way to becoming the giant it is today. Below is Amazon’s timeline of events from 2005-2007.

Amazon’s Innovations: A9, Speedy Shipping, and Kindle

What were Amazon’s earliest innovations? Which innovations failed and which went on to be huge successes? 2002 marked the year that Amazon would start focusing on innovation. They launched a web service, revamped their website, created a search engine, rolled out the predecessor to Prime, and released the first Kindle all within two years. Here’s how Amazon’s innovations began.

Amazon’s Growth: Timeline Of Events From 1996-1999

How did Amazon grow so quickly after it’s conception in 1994? What happened in Amazon’s early days? From 1996 to 1999, Amazon grew rapidly. Amazon went from strictly selling books to selling DVDs, music, and toys. But they weren’t the only large, online store—eBay entered the scene. Continue on to learn about Amazon’s growth from a bookstore to an everything store.

How Was Amazon Started? The Timeline of Events

How was Amazon started? How did the online bookstore that started in a basement grow to need a warehouse in just two years? Jeff Bezos had the idea for an online bookstore in 1994 and launched it in 1995. At first, they pulling all-nighters and packing boxes on their basement floor. By 1996, the revenue was growing 30%-40% every month and Bezos was forced to buy a warehouse. Continue on to learn how Amazon was started and how it grew so rapidly.

The Everything Store: Amazon’s History

How was Amazon created? What is Jeff Bezos’ story? In the book The Everything Store, Amazon’s history is recounted from the beginning. Learn how Jeff Bezos began the internet superstore, the timeline of events that lead to its growth, and what Amazon’s core company values are. Below is a bulleted overview of The Everything Store by Brad Stone.

How to Be Original: The Adam Grant Guide

Do you want to know how to be original? What makes someone original? Is originality more of an inherent trait or a skill that can be improved through practice? Originality is not locked on genetics—it can be cultivated through practice. According to Adam Grant, the author of Originals, the key to being more original is two-fold: 1) go against the status quo and 2) brainstorm lots of ideas. Here is how to be more original, according to organizational psychologist Adam Grant.

Defining Business Objectives: 3 Things to Consider

What are your main business objectives? Do you think your objectives align with the purpose of your business? Every organization has different goals. For example, a retail store may focus on customer satisfaction whereas a medical organization— on patient safety. While these goals aren’t mutually exclusive, these organizations have different priorities because they have different purposes. When defining business objectives for your organization, ask yourself the following three questions.

Grow an Online Business: Choosing a Growth Model

What’s more profitable— to open a physical store or grow an online business venture? What are the most common features of successful online businesses? According to Reid Hoffman, the author of Blitzscaling, it’s much more profitable to grow an online business than to run a physical store. There are many reasons for this but the biggest is that there are virtually no overhead or advertisement costs when you’re selling software. Keep reading for more reasons on why you should grow an online business rather than a physical one.