A Khayelitsha-based company adjusts its business model — twice — to suit the market, and reaps its rewards. Keeping expenses down is critical for all businesses, and has been a contributor to the growth of cyber forensics company, Exactech. Creating a market from scratch is incredibly difficult. Timing, experience and a gap in the market come seamlessly together for the founders of social networking platform, Motribe. Two brothers focus on providing solutions and excellent service to differentiate themselves in a price-competitive industry. The founders of Bizcommunity spotted a gap in the market and created an online success story.
Top 3 Lessons for Young Entrepreneurs from Instagram’s $1 Billion Sale
Entrepreneurship Case Studies | Yale School of Management
Identifying the Cause. After losing the job for the second time, Melodie figured out that the job would not provide her financial security. And she had the perfect idea to start her own business. We see she was really motivated ad-driven too. Although we notice that Melodie faced few challenges and made some teaks too.
Business ventures often fail even when market demand is demonstrated and evaluated by peers, and when the project team is capable of producing the work. In this informal case study based on the author's own experiences, the topics of market size and fit, team size, human dynamics, business validation, and interaction design are explored to form a picture of how a business with seemingly promising prospects could still fail. Specifically, the challenges faced by small or single-person implementation teams are discussed, with suggestions for overcoming these challenges to produce more realistic and viable businesses. Most entrepreneurs enjoy reading the success stories of technology companies and their leaders, both local and global.