Thursday, September 15, 2016

7 Important Lessons I Learned from My Business Venture Adventures

Creating a profitable e-commerce business may seem simple on paper, but in reality, the road to success is paved with a lot of challenges. You will likely fail a lot before you get your operations moving fluidly, along with your cash flow.

In a 2014 article, Fortune identified the top 20 reasons why startups fail. While many of these reasons stem from external uncontrollable forces such as lack of market need, getting outcompeted, and mis-timed release of products, much of it falls on an owner’s ability to run his business. From ensuring that you have enough startup cash to choosing the right team, much of your business’s success rests on your shoulders.

There are so many lessons to learn from starting a business, with each helping build a blueprint of what you should and should not do. I made a list of some of the most important lessons I have learned so far, which have had a great impact on my ability to help other e-businesses to attain their goals with My Business Venture.