ipl-logo

Startup Business Strategy Analysis: Success Story

1111 Words5 Pages

Startup Business Strategy Analysis

Starting your own business is a dream for almost everyone. The ability to be in control of everything and the sense of accomplishment that a startup may bring can be hard to resist. However, the reality of a startup may not be how you imagined. Based on startup business strategy analysis, there are so many misconceptions about starting your own business. Like any other job, being a business owner requires a full-time dedication and efforts. Plus you have the responsibility to cover up for your financial investment to prevent it from sinking and increasing debts.

While there is no rule of thumb to becoming a successful startup owner, there are multiple things you should know before starting a business. Read …show more content…

Salesforce is fairly new compared to SAP, Oracle, and many other CRM leaders in the market. However, with its unique cloud computing and marketing automation functionalities, it has changed the face of the CRM industry.

According to a report, Salesforce has 18% market share, which is much higher than its competitors such as Oracle and SAP. The company has on the top of the CRM market ever since its launch in 2005. The industry trends are shifting towards the cloud, to gain flexibility and accessibility across the globe.

2. A product can be modified

When starting a business, it is vital to prioritize planning on things that will make the most impact. Picking the need to have over nice to have is a better perspective for a product launch. Focusing on the core features and getting the product out in the market is more important than brainstorming over advanced …show more content…

Early funding, for bringing the deliverable to the market is not even recommended in multiple cases. According to a Quartz Media Survey on startup failure, it is proven that funded businesses are more prone to running out of cash. The survey clearly states that the funded startups end up failing if they don't have a feasible business model, by cut-throat competition or shortage of cash.

While funding is an important aspect of starting a business, it is essential to focus on the business plan and the product features in the initial stages. Do not get distracted worrying about the funding and thus not solely focusing on the technicalities and market research. It is in the later stages, that you need to analyze the value of numerous investors such as angel investor, Venture capitalist or family members.

Note

Startup business strategy analysis shows that starting a business during school can lead to a huge success. The facilities, formal education and the mentoring along with the like-minded peers can add to the business

Show More
Related

  • Business Case Study: Daytun's Business Strategy

    633 Words  | 3 Pages

    Daytun Inc. started in 1980 in the London market as a copy of Xerox. Daytun builds upon the currently structure of copier sales, while adding service maintenance contracts. By focusing on strategy and creating a different mindset in this industry Daytun was able to overtake the London marketplace and securing its customers for the next several decades. Daytun has taken its success in the London and worked plans to increase revenue and level of services to the copiers it’s distributing. Overall growth in this area is attractive in an environment to build copies and copies of there business model around Ontario.

    Read More

  • Unit 9 M1 Customer Service

    1748 Words  | 7 Pages

    In this assignment i will be explaining how focusing on customers and how providing really good customer service is important in retailing. I will also be looking into the various ways customer service and sales techniques have changed in Tesco. To conclude, i will analyse the impacts made from different customer services and sales techniques in Tesco. As my selected business, i have chosen Tesco.

    Read More

  • Btec Business Level 3 Unit 5 P4

    1809 Words  | 8 Pages

    When developing a new product or service to sell to the public, it is good for a business to consider whether there is a market. If there is, it could determine if the product or service will be successful. It is likely that businesses will have competitors within the same market competing to sell their goods to customers as well. Market Share:

    Read More

  • How To Share Of Garbage Bags

    932 Words  | 4 Pages

    A huge sum has been invested, so now it is really crucial for the product to succeed. Moreover the current product mix is not sufficient to bring long term profits for the company. As far as short term goals are considered, management wanted a successful launch for the product which will provide the right marketing and target of the new product line. While the long term goals involved adding variety and diversity to the product line to achieve a long term sustainable growth rather than just achieving short term

    Read More

  • Case Analysis Of Clocky

    1808 Words  | 8 Pages

    But product differentiation requires a lot more efforts in research and development as

    Read More

  • Nt1330 Unit 5 Learning Log

    657 Words  | 3 Pages

    I skipped almost all of these steps with my other ventures. I had no bank account or landing page and didn’t even consider my ideal customers. I just had what I thought was a good idea, so I started building it. I didn’t validate the project to see if anyone was interested because I thought "I want that, so it must be something people want," or "I think that 's clever, so I think I 'll build it, and other people will sign up for it. " I then spent weeks and months working on these ideas on the side and at night.

    Read More

  • Porter's Five Forces For Bicycle Industry

    724 Words  | 3 Pages

    Besides that, product differentiation is one of the threats of new entrants. Starting a new business we need to use a lot of money for advertising to attract customer, but we have to create our new things that cannot found in others competitors. For non-traditional barriers to entry, we have unique business model. We created a business with a unique design and establish a network of relationships that makes the business model work so that no people can easily to copy our

    Read More

  • Pricing Strategy And The Pricing Strategy: Dyson

    1009 Words  | 5 Pages

    To remain profitable and provide value, Dyson should align its pricing objectives and initial pricing strategy with the firm’s mission and target consumers. Innovation—one of the firm’s core values—is costly. In addition, consumers often believe

    Read More

  • Case Study Of Apple Inc.'s Diversification Strategy

    1442 Words  | 6 Pages

    Apple Inc. embraces diversification strategy as a means of promoting its viability in the market. Largely, the creation of the three products lines compounds the sources of the company’s income. In fact, the company does not rely on a single source of income because the product design belongs to different categories. This strategy cushions the business from suffering risks of associated with depending on a single business. According Hitt, Ireland, and Hoskisson (2014, p.135), the benefit of handling many products is that when one product fail or does poorly in the market, the business is would shift its attention of the best performing products.

    Read More

  • Macroeconomic Factors Affecting Apple Company

    2241 Words  | 9 Pages

    Organizational set up has to be favourable to support new product development. Foremost companies must allocate funds for research and development, the conventional way is the percent of sales technique. Others chose to allow employees dedicate a certain amount of work time on new product development. Companies next have to organize the process of development.

    Read More

  • Business Mentor Necessary

    733 Words  | 3 Pages

    Is A Business Mentor Necessary? As human beings, mistakes are inevitable. There is a 100% chance that one will make more than a hand full of mistakes in a lifetime. Because of this unfortunate fact, you, as an ambitious business man, I presume, cannot afford to make avoidable mistakes. One avoidable mistake you can make is to get into any kind business without a business mentor.

    Read More

  • Toyota Business Level Strategy Analysis

    836 Words  | 4 Pages

    The Business Level of Toyota Toyota Motor Corporation is a Japanese company that is involved in the design, assembly, manufacture and sale of a wide range of motor vehicles such as minivans, passenger cars, commercial vehicles, and assorted accessories and parts (Nkomo, 3). Examples of brands under the Toyota portfolio include, but are not limited to; Lexus, Toyota, Hino and Daihatsu. Toyota was founded in 1937 by Kiichiro Toyoda and has grown to not only be the world’s leading auto manufacturer in the automotive industry, but also the world’s eighth largest company with operations in virtually every corner of the world (Nkomo, 3). This growth has been fueled by two key aspects of Toyota’s business; its ability to lower costs and concise

    Read More

  • Bill Gates Entrepreneur

    2022 Words  | 9 Pages

    Starting your own small business and making it a worldwide company, is not easy at it sounds. This is known as entrepreneurship. There are lots of personals that we can take as entrepreneurs who have achieved their targets and have conquered the world. Among the world’s best entrepreneurs Bill Gates holds a noble title. Some critics may see him as a modern day robber but to the majority of the world he is a great inventor, a great programmer, and an ambitious businessmen.

    Read More

  • Tata Motors: Innovation And Competitive Advantage And Strategies

    929 Words  | 4 Pages

    Growing customer expectations result in shorter life cycle of products and this means that companies should make their processes more and more flexible adopting modularity and product platforms in order to overcome competitors. Companies who fail to meet dynamic customer needs are doomed to fail. To illustrate this we can consider Tata Motors that designed a car selling at $2500 having identified the need for cheap vehicles and introduced market-pull innovation. Though having some negative feedbacks on its security it is affordable for many families in India.

    Read More

  • Literature Review On Startup

    984 Words  | 4 Pages

    1. Introduction: A start-up is generally a young business which just begins to develop. These companies are generally meant for innovation of the existing ideas in order to offer product or service that is not available anywhere in market or which are available in an inferior manner. The main essence of start-ups has to do more with high ambition, innovativeness, scalability and growth.

    Read More

More about Startup Business Strategy Analysis: Success Story

Open Document