If you are an entrepreneur with your own startup or interested in creating one, you need the right strategies and insights.
Without them, you might not grow fast enough. Startups that don’t grow quickly can run out of capital before they have a chance to make an impact, resulting in failure. Avoid common pitfalls and learn from some of the most effective startup companies out there today.
Blue Apron is a meal planning and delivery startup that sends fresh ingredients to your door every week. You can select multiple meals from their menu. The ingredients are of high quality and prepared in advance. All you have to do is follow the recipe and enjoy great food. Their key to success: simplicity and “done-for-you” service. They recognize that time is money and their customer base is willing to pay a bit extra to eat healthy meals and save the time it takes to shop at a grocery store or meal plan.
Instagram is the powerhouse of visual media today. It was acquired by Facebook for billions of dollars just a few years after it gained popularity. The secret to rapid growth for Instagram was early entry into a fast growing trend. The social media buzz around videos, filters, and interesting photos is on a fast upward trajectory.
Kyani is a health and wellness brand that offers a variety of nutrition products. They focus on family, friends, good health. Kyani offers flexible business opportunities for their partners, which makes them an attractive product to promote and has lead to their rise as one of the fastest growing companies in that industry to date. (Kyani is an MLM)
Facebook isn’t just the largest social media company in the world, they are also one of the biggest businesses, period. It’s hard to believe that this powerhouse has only been around for about a decade.
The key to Facebook’s rapid growth is their ability to use the network effect. Essentially, once someone starts using the software, they quickly tell their friends and it becomes a self-repeating cycle. Facebook offered a solution to the question, “How will people stay connected to each other during the Age of the Internet?”
Hygiene is critical to the health industry. That’s why SwipeSense deployed their hand hygiene technology to detect hand washing rates among health workers. Their key was leveraging the cloud and big data for improved health outcomes.
The Short and Sweet
When it comes to business, growth is everything. Without growth there is no improvement, no change, and no increase in market share. To stay ahead of the competition and stay in business, learn from the companies above. They all had something unique that led them to great success, funding, and impact.
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