Great ideas can appear in a flash of genius; it’s turning those ideas into a reality that can be challenging. The key to creating a successful first product is strategic planning, built on the foundation of knowledge and research.
By following a carefully constructed, step-by-step approach to creating and then launching your first product, you’ll increase your chances of success. Here are the five essential steps to creating your first product.
Step One: Define Your Product
Before you can move onto creating your product, you must first define it.…
JD.com is the fourth largest company in China. The company was established in 2004 by Richard Liu as an e-commerce business, although it was previously dealing with physical stores sales. For the past 15 years, Liu has stayed focused on growing this company, and as a result, it has recorded significant achievements.
Currently, the company is worth over $60 billion and employs over 67,000 workers. It offers local and global delivery services to its customers. In China, the company has a fast delivery process since it only takes 6-20 hours.…
Running a successful business in any industry and sector requires a great deal of hard work, determination, sacrifice and resilience, which will each help to make a company a hit or a miss. Of course, there are other factors that can make or break the growth of your business.
That is why you must keep your ear to the ground for the latest techniques. If you want to hit every goal you have set for your new venture this year, check out the following business tips and trends.…
In simple terms, credit card fraud means trying to pay for the goods or services with an unlawfully obtained credit card details belonging to another person. Every single year, thousands upon thousands of people are victimized by fraudsters, and it’s everyone’s duty to put up a fight against their malicious deeds.
As criminals are becoming increasingly more clever, it’s important to always stay a few steps ahead of them and keep educating yourself on the types of credit card fraud you can encounter, both as a consumer and a business owner.…
Virtual offices can offer numerous benefits for companies of all size and scope, but digital entrepreneurs are uniquely benefiting from virtual offices. In this article, we’ll discuss how virtual offices are inspiring innovation in digital entrepreneurship and helping these enterprising companies get ahead of the competition.
What is Digital Entrepreneurship?
Digital entrepreneurship continues to be on the rise, and statistics are hard to find because there are, indeed, so many digital entrepreneurs out there. A digital entrepreneur isn’t just someone who uses digital tools to succeed in their business, instead, a digital entrepreneur’s products and services exist entirely in the digital space.…
It’s hard enough starting and running a successful business in the United States, and it can be even more so in another country.
But if the circumstances are pointing you in the direction of starting a business in an international country, you should know that there’s nothing to stop you from doing so.
Here are five tips for starting a business overseas:
Tip #1 – Travel To The Country First
If you’re going to be opening a new business overseas, you should travel to that country beforehand and immerse yourself in the environment and the culture.…
There’s a common and well-known saying that continues to circulate around the world, and it’s never been as relevant as it is today.
It’s not what you know; it’s who you know.
Of course, we’re talking about networking. As a business owner and entrepreneur, it’s great that you own your own business, and you’re sure to make opportunities for yourself that enable you to progress and grow, but expanding your inner circles has the potential to create opportunities you may have previously deemed impossible.…
Summer is that time of year when most of us go on holiday with a specific destination in mind – a sunny beach with a refreshing ocean or sea close-by. After being stressed-out year-round, we’re all looking for some relaxation, a time-out, or a period in which to recharge our batteries. But year after year we return to work only to feel more tired and overwhelmed by our tasks. Returning from a vacation we’d expect productivity to be higher, not lower and, alas, reality bites.…
If you’ve decided it’s finally time to open your own business over the coming months, you’re probably chomping at the bit and can’t wait for the ‘Now Open’ sign to light up. However, while launching your first venture is exciting and motivating, you also need to remember it can be risky.
There is plenty of competition to go up against, and you need to invest much of your own money, time and energy. The more strategic and smart you are in how you set up your business, the more likely it is to achieve the results you’re after.…
Customer experience is one of the most important aspects of running a successful business in general, if not the most important. However, when it comes to the restaurant business, customer satisfaction is without a doubt the number one feature to maintain. People generally come to restaurants for relaxation, chats and good food, so they will return to the place as long as the establishment is doing its best to provide them with the best possible experience on all three accounts.
In case you own a restaurant or are planning to start a new one, check out the following tips to incorporate elements of customer satisfaction right into the design of the restaurant itself.…
