Business Growth Strategies – If at first you don’t succeed – learning from business failure

As business owners there are many opportunities to learn from others, whether it be from successes or  failures, and in the dot com age there have been

Max Delivery a case study for business growth strategies

Max Delivery a case study for business growth strategies

many failures to learn from.  Kozmo was a high flying company that had grand dreams of   delivery of nearly any product you could want, sent to your home in one hour or less, the result, no delivery charge and small orders meant millions of dollars lost by growing the business too quickly and then unable to change the pricing structure. Chris Siragusa who was the former Kozmo Chief Technology Officer still held onto the dream and has now built up MaxDelivery.com and is succeeding in the same market that Kozmo failed, with a major difference. Chris is building his model with less speed and haste. This  is where the business growth strategies between the two companies has varied, calculated and steady (Max) or fast and uncontrolled (Kozmo).

 

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Planning to start up a business – try the business model canvas (video)

Are you in the process planning to start up a business or are you wanting ideas to grow your business to the next level. While some businesses start up and grow organically without a  formal business blueprint or strategy, most start up business owners have a spent many hours constructing a business plan. So, if you are wanting to know where and how to start planning to start up a business the business model canvas may be for you. What is does is to force you to think about you business strategy and work on  rather then in your business. I  call it a conceptual framework for business.

The Business Model Canvas, is a strategic management and entrepreneurial tool. It allows you to describe, design, challenge, invent, and pivot your business model.source

So grab a coffee, tea or water and watch these 2 videos.

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